珍酒李渡(6979.HK)午后进一步拉升，涨幅一度扩大至近11%，报7.58港元，股价创3月19日以来新高， 截至目前成交额放大至2.5亿港元。 消息面上，珍酒李渡集团董事长吴向东近日在个人视频平台宣布，将于8月8日推出新的一款超级啤 酒"牛市"，要把新的一种"悦人悦己生活方式带给大家"。据了解，这款啤酒新品将以铝瓶装亮相，零售 标价或将达到88元/瓶。 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 10 HKD [1]. Core Views - The company is expected to experience a significant decline in revenue and profits in the first half of 2025, with total revenue projected to be between 2.4 to 2.55 billion HKD, representing a year-on-year decrease of 38.3% to 41.9%. The net profit attributable to shareholders is expected to be between 570 to 580 million HKD, down 23% to 24% year-on-year [1]. - The company is focusing on inventory clearance and stabilizing its distribution channels, with a strategic shift towards launching new products to mitigate the impact of declining sales [8]. - The introduction of a flagship product, "Da Zhen," priced at 888 HKD, aims to capture market share and enhance profitability through targeted marketing strategies [8]. Financial Summary - Revenue projections for 2025 are estimated at 5.032 billion HKD, reflecting a year-on-year decline of 28.8% [4]. - Non-GAAP net profit for 2025 is forecasted at 1.151 billion HKD, a decrease of 31.31% compared to the previous year [4]. - The earnings per share (EPS) for 2025 is adjusted to 0.34 HKD, down from previous estimates [8]. Market Strategy - The company is actively adjusting its market strategy by reducing supply and focusing on core products to stabilize its market position [8]. - There is an emphasis on expanding market presence in key regions such as Guizhou, Henan, and Shandong, while also exploring new consumer trends with product diversification [8]. - The management team is experienced and has a strong understanding of market dynamics, which is expected to support long-term growth despite short-term challenges [8].

招银国际发表研究报告指，绿茶集团发布盈利预喜，预计今年上半年净利润同比增长32%至36%，超出 预期。该行认为，上述利好表现主要驱动因素包括：销售增长加速(2025年上半年销售额可能年增21% 至25%，达22.5亿至23.3亿元)；快速门店扩张(根据该行估计，门店数量增长约25%)；门店层面盈利能 力及营运效率提升。该行维持对其"买入"评级，目标价从9.73港元上调至10.54港元，对集团2025年下半 年展望正面，因门店开设速度仍按计划进行。 ...

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月6日｜近日，珍酒李渡集团董事长吴向东在个人视频平台宣布，将于8月8日推出新的一款超级 啤酒"牛市"，要把新的一种"悦人悦己生活方式带给大家"。据记者了解，这款啤酒新品将以铝瓶装亮 相，零售标价或将达到88元/瓶。 ...

人民财讯8月6日电，近日，珍酒李渡集团董事长吴向东在个人视频平台宣布，将于8月8日推出新的一款 超级啤酒"牛市"，要把新的一种"悦人悦己生活方式带给大家"。据记者了解，这款啤酒新品将以铝瓶装 亮相，零售标价或将达到88元/瓶。 ...

8月5日晚间，"港股白酒第一股"珍酒李渡（06979.HK）发布业绩预告，为白酒行业的发展态势再添注 脚。公告显示，截至2025年6月30日止六个月，公司预计实现营业收入24亿元至25.5亿元，而去年同期 收入为41.3亿元，预计收入同比下降38.3%至41.9% 。按国际财务报告会计准则，股东应占净利润预计 下降23%至24%；经调整净利润（非国际财务报告准则计量）预计下降39%至40%。 渠道方面，珍酒李渡采取精细化政策。聚焦核心区域市场，加大市场投入，以提高市场渗透率，增强品 牌在重点市场的影响力；同时，加快渠道周转，稳定现有经销渠道，巩固珍十五、珍三十等旗舰产品的 核心竞争力和市场占有率，确保传统优势产品持续发力。 在开拓新兴消费趋势及消费场景上，珍酒李渡也在积极布局。随着消费观念的转变，年轻群体和新消费 场景成为行业新的增长点。公司敏锐捕捉这一趋势，通过创新营销方式、拓展线上渠道等手段，挖掘潜 在消费需求，为业绩增长注入新动力。 白酒行业近年来受多种因素影响，整体面临一定压力，但挑战往往与机遇并存。珍酒李渡在此时展现出 的战略调整能力，体现了其对市场的深刻洞察与前瞻性思考。通过优化产品结构、强化渠道 ...

Core Insights - The Chinese liquor industry is currently facing significant challenges due to a combination of policy adjustments, changes in consumer behavior, and intense competition, leading to decreased demand, falling prices, weakened consumption scenarios, and high inventory levels [1] - Many listed liquor companies have reported poor performance in the first quarter, with notable declines in revenue and profits [1][2] Industry Performance - Six A-share liquor companies have issued profit warnings for the first half of the year, with Water Well expected to see a revenue decline of 12.84% and a net profit drop of 56.52%, while other companies like Jiu Gui and Huang Tai are also experiencing significant losses [1] - The overall performance of the liquor industry is undergoing a phase of adjustment, which is seen as a natural response to the current market pressures [3] Resilience and Recovery - The liquor industry has historically shown resilience and the ability to recover from downturns, with companies that survive downturns often reaching new heights in subsequent cycles [5] - Companies with strong fundamentals, such as Zhen Jiu Li Du, are expected to perform better during this adjustment period due to their stable market position and proactive strategies [7] Strategic Innovations - Zhen Jiu Li Du is adapting to market changes by launching products that offer high quality at competitive prices, such as the "Da Zhen・Zhen Jiu," which targets consumers seeking value [9] - The company is also reforming its distribution channels by collaborating with high-quality distributors and exploring new sales avenues, including corporate group purchases and cross-industry partnerships [9] Market Outlook - The global capital market is experiencing volatility, but there is optimism for recovery, with significant gains in major indices since April [10] - The liquor sector is currently undervalued, with a low fund holding ratio and attractive dividend yields, making it a potential target for investment as market conditions improve [11][14] Investment Appeal - Zhen Jiu Li Du's current valuation is competitive compared to leading A-share liquor companies, and its strong cash flow and dividend history enhance its attractiveness to investors [15] - The combination of low valuation and resilient performance positions Zhen Jiu Li Du favorably in a turbulent market, likely attracting more investment [15][17] Conclusion - Despite current challenges, the liquor industry is expected to rebound as economic conditions improve and consumer confidence returns, with Zhen Jiu Li Du positioned to lead this recovery [16][17]

天风证券指出，白酒行业为强β行业，2025H1受经济/消费仍偏弱&廉洁教育/限制饮酒相关文件出台影 响，春节后淡季动销表现持续走弱，后续随着大众消费逐步修复&龙头酒企在综合实力方面优势持续凸 显，拥有强壁垒的公司有望率先实现价值重估修复，建议重视强品牌、强韧性的白酒龙头相对底部机 会。 本文源自：智通财经网 消息面上，珍酒李渡发布公告，集团预期截至2025年6月30日止6个月取得的收入约为人民币24.0亿元至 人民币25.5亿元，而截至2024年6月30日止6个月的收入约为人民币41.3亿元。预期期内收入将同比下降 38.3%至41.9%。根据国际财务报告会计准则，截至2025年6月30日止6个月，股东应占净利润预期下降 23%至24%。截至2025年6月30日止6个月，经调整净利润(非国际财务报告准则计量)预期下降39%至 40%。 智通财经获悉，珍酒李渡(06979)涨近4%，截至发稿，涨3.95%，报7.11港元，成交额4206.15万港元。 ...

消息面上，珍酒李渡发布公告，集团预期截至2025年6月30日止6个月取得的收入约为人民币24.0亿元至 人民币25.5亿元，而截至2024年6月30日止6个月的收入约为人民币41.3亿元。预期期内收入将同比下降 38.3%至41.9%。根据国际财务报告会计准则，截至2025年6月30日止6个月，股东应占净利润预期下降 23%至24%。截至2025年6月30日止6个月，经调整净利润(非国际财务报告准则计量)预期下降39%至 40%。 天风证券（601162）指出，白酒行业为强β行业，2025H1受经济/消费仍偏弱&廉洁教育/限制饮酒相关 文件出台影响，春节后淡季动销表现持续走弱，后续随着大众消费逐步修复&龙头酒企在综合实力方面 优势持续凸显，拥有强壁垒的公司有望率先实现价值重估修复，建议重视强品牌、强韧性的白酒龙头相 对底部机会。 珍酒李渡(06979)涨近4%，截至发稿，涨3.95%，报7.11港元，成交额4206.15万港元。 ...

消息面上，珍酒李渡发布公告，集团预期截至2025年6月30日止6个月取得的收入约为人民币24.0亿元至 人民币25.5亿元，而截至2024年6月30日止6个月的收入约为人民币41.3亿元。预期期内收入将同比下降 38.3%至41.9%。根据国际财务报告会计准则，截至2025年6月30日止6个月，股东应占净利润预期下降 23%至24%。截至2025年6月30日止6个月，经调整净利润(非国际财务报告准则计量)预期下降39%至 40%。 天风证券指出，白酒行业为强β行业，2025H1受经济/消费仍偏弱&廉洁教育/限制饮酒相关文件出台影 响，春节后淡季动销表现持续走弱，后续随着大众消费逐步修复&龙头酒企在综合实力方面优势持续凸 显，拥有强壁垒的公司有望率先实现价值重估修复，建议重视强品牌、强韧性的白酒龙头相对底部机 会。 智通财经APP获悉，珍酒李渡(06979)涨近4%，截至发稿，涨3.95%，报7.11港元，成交额4206.15万港 元。 ...