Distillers and Vintners

LAO BAI GAN JIU

LAO BAI GAN JIU released FY2025 Q4 earnings on April 22 After-Market (BJT), actual revenue CNY 791.38 M, actual EPS CNY 0.0318

LAO BAI GAN JIU released FY2025 Annual Earnings on April 22 After-Market (BJT), Actual Revenue CNY 4.121 B (Forecast CNY 4.956 B), Actual EPS CNY 0.47 (Forecast CNY 0.78)

LAO BAI GAN JIU released FY2026 Q1 earnings on April 22 After-Market (BJT), actual revenue CNY 1.22 B, actual EPS CNY 0.18

LAO BAI GAN JIU FY2026 Q1 Earnings Release Scheduled for April 23 After-Market BJT

LAO BAI GAN JIU to Release FY2025 Earnings on April 23 After-Market (BJT), Forecast Revenue CNY 4.956 B, EPS CNY 0.78

LAO BAI GAN JIU released FY2025 Q3 earnings on October 29 After-Market (BJT), actual revenue CNY 848.6 M, actual EPS CNY 0.0886

LAO BAI GAN JIU released FY2025 9 Months earnings on October 29 After-Market BJT, actual revenue CNY 3.33 B, actual EPS CNY 0.4384

LAO BAI GAN JIU to Release FY2025 Q3 Earnings on October 30 After-Market BJT

LAO BAI GAN JIU released FY2025 Q2 earnings on August 28 After-Market BJT, actual revenue CNY 1.314 B, actual EPS CNY 0.1797

LAO BAI GAN JIU released FY2025 Semi-Annual Earnings on August 28 After-Market (BJT), actual revenue CNY 2.481 B, actual EPS CNY 0.35

LAO BAI GAN JIU FY2025 Semi-Annual Earnings Release on August 29, 2025 (BJT)

Old Bai Gan Wine Responds to Investor Concerns: Steadily Advancing Business Growth

Old Bai Gan Reveals Wuling Wine's Revenue Growth and Market Expansion

Old Bai Ganjiu Executives' Reduction Holding Period Expiration Without Selling

Old Bai Gan Wine Announces 2024 Annual Report

Old Bai Gan Wine Reports Q1 2025 Revenue and Net Profit Growth

LAO BAI GAN JIU released FY2025 Q1 earnings on April 25 After-Market BJT, actual revenue CNY 1.168 B, actual EPS CNY 0.17

LAO BAI GAN JIU released FY2024 Q4 earnings on April 25 After-Market BJT, actual revenue CNY 1.27 B, actual EPS CNY 0.2494

LAO BAI GAN JIU released FY2024 Annual Earnings on April 25 After-Market BJT, actual revenue CNY 5.358 B (forecast CNY 5.682 B), actual EPS CNY 0.86 (forecast CNY 0.9433)

LAO BAI GAN JIU FY2025 Q1 Earnings Release on April 26 After-Market BJT

600559

Weak First-Quarter Recovery Raises Concerns

Wallstreetcn

Lao Bai Gan Jiu Product Structure Reversal: High-End Stalls as Mass-Market Takes Over

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Liquor stocks rise across the board; YINGJIAGONGJIU hits limit up, while LAO BAI GAN JIU, SHANXI FEN WINE, Gu Jing, and others climb successively. Lithium mining concept stocks plunge; Xizang Zhufeng hits limit down, with Guocheng Mining, Tibet Mineral, Jinyuan Shares, and Zhongkuang Resources among the top decliners

- On April 23, the A-share market opened higher but experienced significant declines, with the ChiNext index falling nearly 2% amid adjustments in computing hardware stocks.  
- The Hong Kong market also saw losses, with the Hang Seng Index down approximately 1% and tech stocks, including Hua Hong Semiconductor, declining over 7%.  
- In the commodity market, energy products gained, while metals and agricultural products, particularly polysilicon and apples, dropped, contributing to overall market volatility.

YINGJIAGONGJIU

SHANXI FEN WINE

Zhongji Innolight

Gu Jing

MEITUAN

A-share major indices fluctuate and decline; computing hardware active, Zhongji Innolight market cap breaks 1 trillion, Hang Seng Tech Index falls over 2%, Zhipu rises 800% since listing

LAO BAI GAN JIU: First quarter net profit reached 165 million yuan, representing a year-over-year increase of 8.55%

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Langjiu launched its "Chinese Langjiu · Welcoming the World" global tour in New York for the 2026 Lunar New Year, coinciding with the Year of the Horse. The event featured the "Chinese New Year · Shared with the World" Spring Festival Night at the UN, showcasing sauce-aroma baijiu and promoting cultural exchange. The company aims to enhance international brand recognition and cultural dialogue, with landmarks in New York and Toronto illuminated in its signature "China Red." Langjiu, based in Sichuan, uses traditional techniques for its baijiu production.

Acceswire

JGJC

Langjiu Launches Global Baijiu Tour in New York for Lunar New Year

According to industry insiders, Junpin Xijiu will implement total volume control nationwide this year, with an annual release limited to 4,000 tons. (Sina Finance)

36Kr

Junpin Xijiu controls the quantity, with a limited release of 4,000 tons this year

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Zhongshan Securities released a research report indicating that the liquor industry experienced significant declines in revenue and profit in Q3 2025, at -18% and -22%, respectively. Although the industry is facing a "corporate hardship period," stock prices are expected to bottom out and rebound with the clearing of channel inventory and price recovery. Leading companies such as WLY will continue to increase their market share, and it is anticipated that the industry will gradually recover after positive demand signals. Looking ahead to Q4 2025, companies will still need to address the demand gap and policy impacts, and overall clearing will continue

Zhitong

SCSF

King’s Luck

Moutai

CITIC Securities: Positive signals for liquor clearance, bottom gradually emerging, layout of strong leaders + early clearance improvement

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The liquor industry is undergoing a deep adjustment period, with listed companies delivering their worst third-quarter reports in a decade. Most liquor companies experienced a significant decline in performance in the third quarter, with some companies seeing net profit declines approaching triple digits, mainly due to insufficient market demand. Companies such as KOUZI, LAO BAI GAN JIU, and King’s Luck have all seen substantial declines. Although leading liquor companies like Shanxi Fenjiu and LZLJ performed relatively well, the overall situation remains grim

LZLJ

KOUZI

The liquor listed companies deliver the "worst" third quarterly report in ten years

Guosen Securities released a research report indicating that the liquor industry is showing signs of bottoming out, with market opinions on investment opportunities being divided. Although the performance expectations for liquor companies in the third quarter of 2025 have significantly declined, valuations and positions are at low levels, and positive factors on both the supply and demand sides are gradually increasing. It is expected that industry demand will gradually recover, and market confidence in liquor assets will return. Overall, the liquor sector has entered a layout phase

Guotai Junan Securities: Increasing signs of bottoming in the liquor industry, the sector enters the layout stage

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CITIC Securities released a research report stating that despite the upcoming peak season of the Double Festivals, the overall feedback on liquor demand is tepid, with a month-on-month improvement but still a 20% demand gap year-on-year. The sales performance of mid-to-low-end liquor is better than that of high-end liquor, and the demand for government and business brands remains insufficient. In the future, attention should be paid to changes on the supply side, and it is expected that positive price indicators will drive inflation and corporate profits to rise, with liquor demand likely to recover. In the short term, wholesale prices still face pressure

JINHUI

CITIC Securities: The demand for liquor is weak as the Double Festival peak season approaches; pay attention to key signals of supply contraction

Recently, among the 22 listed liquor companies, only 6 achieved positive revenue and profit growth, indicating a deep adjustment in the industry. Liquor companies are actively seeking transformation towards youthfulness and lower alcohol content, focusing on instant retail, banquet markets, and reduced alcohol levels. Despite the rising industry concentration, there are still structural opportunities

Only 6 out of 22 listed liquor companies made more profit

LAO BAI GAN JIU(600559.SH)