# Qingxiang

Beyond the Bottle: Shanxi Fenjiu Bets on Ecosystem Health and Gen Z to Navigate China’s Baijiu Glut

Shanxi Fenjiu's Q1 2026 results highlight a strategic shift toward inventory health and digital channel governance. By prioritizing 'youthification' and de-stocking, the firm is successfully navigating a broader industry downturn while building a new consumer base among younger drinkers.