WLY responds to performance decline: The company is focusing on long-term development, proactively adjusting, reducing channel inventory, and boosting dealer confidence

On October 31st, regarding the decline in third-quarter performance and future outlook, a reporter called the WLY Securities Department as an investor. The relevant staff stated, "We are currently in a period of deep industry adjustment. The company is focusing on long-term development and making proactive adjustments, reducing channel inventory and boosting distributor confidence. In the long run, high-end liquor remains an industry that can withstand cycles."