Huachuang Securities research report points out that in 2024, Gu Jing's revenue, profit, and tax will achieve steady growth, with brand value ranking fourth among listed liquor companies and first among Anhui liquor. In 2025, the company will continue to strengthen its frontline service capabilities, assist distributors and terminals in improving operational capabilities, and optimize resource allocation, and it is expected to maintain good growth. Currently, the annual collection has basically been completed, and the target completion is relatively strong. The company has a clear understanding of industry pressures and continues to strengthen frontline service capabilities, assisting distributors and terminals in enhancing sales velocity. In 2025, a pragmatic slowdown is expected to remain at a double-digit level. Considering the subsequent consumption recovery, the company may also benefit and re-ignite growth elasticity, maintaining a target price of 300 yuan and a "strong buy" rating