Core Viewpoint - The liquor industry is undergoing a significant adjustment, with rumors suggesting that Kweichow Moutai may lower its annual performance targets, although the company has denied this claim [1] Company Summary - Zhenjiu Lidu's stock fell over 4% in the afternoon, currently trading at HKD 8.83 with a transaction volume of HKD 120 million [1] - The company recently launched its new flagship product "Dazhen," which has already generated a revenue of CNY 370 million and signed over 2,800 alliance merchants nationwide [1] - Pacific Securities reported that the overall terminal sales in the industry have shown some recovery since August, but sales during the Mid-Autumn Festival and National Day are still expected to be under pressure compared to last year [1] Industry Summary - The liquor industry is experiencing a deep adjustment, with Kweichow Moutai's performance targets being a focal point of concern among investors [1] - The market has seen a recovery in terminal sales since August, but challenges remain for the upcoming holiday sales [1] - The introduction of high-quality products like "Dazhen" is seen as a potential driver for growth in the liquor sector, particularly for Zhenjiu Lidu [1]

Group 1 - The stock of Zhenjiu Lidu (06979) fell over 4% in the afternoon, currently down 3.92% at HKD 8.83, with a trading volume of HKD 120 million [1] - There are rumors in the market that Kweichow Moutai (600519) may lower its performance targets for the year, although the company has stated that it has not adjusted its annual performance goals and has completed its target progress for the first half of the year as planned [1] - According to Pacific Securities, channel surveys indicate that overall terminal sales in the industry have shown some recovery since August, but sales during the Mid-Autumn Festival and National Day are still expected to be under pressure year-on-year [1] Group 2 - Zhenjiu Lidu has launched its latest flagship product "Dazhen," which has already achieved a return of HKD 370 million, with over 2,800 national alliance merchants signed [1] - Huaxin Securities previously noted that the introduction of the new flagship product "Dazhen" is positioned to complement the Zhen 15 and Zhen 30 series, and its high quality-to-price ratio is expected to create a third growth curve for Zhenjiu [1]

智通财经APP获悉，珍酒李渡(06979)午后跌超4%，截至发稿，跌3.92%，报8.83港元，成交额1.2亿港 元。 消息面上，白酒行业深度调整下，近日市场有传闻称，贵州茅台或下调今年业绩目标。智通财经记者以 投资者身份致电贵州茅台，公司证券部人士表示，目前公司未下调年度业绩目标，上半年公司已按计划 完成目标进度。太平洋证券发布研报称，根据渠道调研，8月以来行业整体终端动销有所恢复，但预计 中秋国庆动销同比仍将承压。 值得注意的是，珍酒李渡旗下最新超级单品"大珍"正式上市发布，在发布会上，珍酒李渡集团董事长吴 向东透露，大珍回款已经达到了3.7亿元，全国签约联盟商数量达2800多家。华鑫证券此前指出，上半 年公司推出全新旗舰产品"大珍"，定位协同珍15、珍30系列，高质价比有望构筑珍酒第三增长曲线。 ...

Group 1 - The top three stocks with net inflow of southbound funds are Yingfu Fund (02800) with 2.924 billion, Alibaba-W (09988) with 2.610 billion, and Hang Seng China Enterprises (02828) with 1.595 billion [1][2] - The top three stocks with net outflow of southbound funds are Meituan-W (03690) with -0.388 billion, Innovent Biologics (01801) with -0.292 billion, and CSPC Pharmaceutical Group (01093) with -0.261 billion [1][2] - In terms of net inflow ratio, Datang Renewable (01798) leads with 69.20%, followed by Gushengtang (02273) with 58.06%, and Anhui Wanshan Expressway (00995) with 55.69% [1][3] Group 2 - The top ten stocks with the highest net inflow include China Mobile (00941) with 0.481 billion and FIT HON TENG (06088) with 0.450 billion [2] - The top ten stocks with the highest net outflow include China Life (02628) with -0.196 billion and China Construction Bank (00939) with -0.174 billion [2] - The net outflow ratios for the top three stocks are led by Kangji Medical (09997) at -54.12%, followed by Liaogang Co. (02880) at -49.57%, and Zhenjiu Lidu (06979) at -48.65% [3]

ZJLD GROUP INC 珍酒李渡集團有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：6979） NOTIFICATION LETTER 通知信函 To Non-registered Holders Note 1 Dear Sir/Madam, Should you have any queries relating to this letter, please call the dial-up hotline of the Hong Kong Branch Share Registrar at (852) 2980 1333 during business hours (9:00 a.m. to 5:00 p.m., Monday to Friday, excluding Hong Kong public holidays). Yours faithfully, For and on behalf of ZJLD Group Inc Mr. WU Xian ...

ZJLD Group Inc 珍酒李渡集團有限公司 (Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：6979） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders. ZJLD Group Inc (the "Company") – Notification of Publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.zjld.com and the website of The Stock Exchange of Hong Kong Limited (the "Stoc ...

目錄 CONTENTS 2 公司資料 Corporate Information 5 財務摘要 Financial Highlights 7 管理層討論及分析 Management Discussion and Analysis 47 企業管治及其他資料 Corporate Governance and Other Information 58 綜合損益及其他全面收益表 Consolidated Statement of Profit or Loss and Other Comprehensive Income 59 綜合財務狀況表 Consolidated Statement of Financial Position 60 綜合權益變動表 Consolidated Statement of Changes in Equity 62 簡明綜合現金流量表 Condensed Consolidated Cash Flow Statement 63 未經審計中期財務報告附註 Notes to the Unaudited Interim Financial Report 82 致董事會的審閱報告 Review Re ...

Group 1 - Renowned investor Lin Yuan led a team to Guizhou Zhenjiu for an inspection and participated in the Wan Shang Alliance Wealth Creation Forum and the "Zhen Enterprise Meeting" [1][2] - The Wan Shang Alliance is a core strategy for Zhenjiu to address industry changes, focusing on a super product model to reach middle-class consumers and resolve channel pricing issues [2][4] - The "Zhen Enterprise Meeting" aims to create a high-end entrepreneur community that combines commercial value and cultural heritage, enhancing cooperation among members [6][8] Group 2 - Lin Yuan shared investment insights and trends in the liquor industry, emphasizing a demand-driven investment philosophy and the cultural attributes of liquor [12] - He believes that the liquor industry, being cyclical, has shown a long-term upward trend and views the current market conditions as an opportune time for investment in Zhenjiu [12]

Core Viewpoint - The green tea restaurant, once a popular dining destination with long queues, has visibly declined in popularity over the past two years, raising questions about its current status and future prospects [1] Group 1 - The green tea restaurant was known for its high customer turnover, achieving an average of 6 to 8 table turns per day [1] - Customers used to wait up to two hours to be seated, driven by the allure of its baked goods and roasted chicken [1] - The restaurant's decline in popularity is evident, prompting an analysis of the factors contributing to this downturn [1]

Core Viewpoint - The report from China Merchants Securities initiates coverage on Green Tea Group with a target price of HKD 11.8 and a "strong buy" rating, highlighting its leadership in the domestic Chinese casual dining sector [1] Group 1: Company Strategy - Green Tea Group focuses on the fusion cuisine segment, primarily operating in the East China, North China, and Guangdong regions, aiming to create high-cost performance Chinese fusion dishes [1] - The company plans to continue its store expansion through strategies such as small store formats, regional densification, geographical expansion, and market penetration [1] Group 2: Supply Chain and Financial Outlook - The establishment of a central kitchen is expected to enhance the maturity of the company's supply chain, which may drive continuous revenue growth and accelerate profit release [1]