Group 1 - The company stated that it does not engage in the mentioned business activities and emphasized that important matters related to the company should be based on publicly disclosed information [1] - An investor inquired whether the company holds equity in Leju Robotics [2]

Market Overview - On August 1, the non-liquor sector rose by 0.06% compared to the previous trading day, with *ST Lanhua leading the gains [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Stock Performance - The top-performing stock in the non-liquor sector was *ST Lanhua, which closed at 8.19 with a gain of 4.46% [1] - Other notable stocks included Huichuan Beer at 11.97 (+1.10%), Weilong Co. at 7.52 (+0.80%), and Jin Feng Wine at 5.63 (+0.72%) [1] Trading Volume and Value - The trading volume for *ST Lanhua was 60,800 shares, with a transaction value of approximately 49.09 million yuan [1] - The total net outflow of main funds in the non-liquor sector was 50.54 million yuan, while retail funds saw a net inflow of 19.91 million yuan [2] Fund Flow Analysis - The main fund inflow for *ST Lanhua was 3.99 million yuan, accounting for 8.13% of its trading volume [3] - In contrast, the main fund outflow for ST Xifa was 2.99 million yuan, representing a 6.78% decrease [3] - The overall fund flow indicates a mixed sentiment among institutional and retail investors in the non-liquor sector [2][3]

Group 1: Industry Overview - The wine industry is facing ongoing economic fluctuations, impacting non-essential products like wine, leading to a continuous decline in performance [1] - Major wine companies in China have reported worsening losses for the first half of the year, with companies like Weilang and ST Tongpu projecting significant net losses [2] - A survey indicated that 59.4% of domestic wine industry participants reported a decline in performance over the past three years, highlighting the industry's struggles [2] Group 2: Market Sentiment and Future Outlook - Industry participants are cautious about the market for the next two years, with many expressing a neutral to slightly optimistic outlook despite challenges [3] - Zhangyu's general manager noted a "cliff-like" decline in wine consumption due to economic conditions, leading to reduced investments from distributors [3][4] - The global wine market is also under pressure, with a projected decline in production and consumption for 2024, marking the lowest levels since 1961 [5] Group 3: Strategic Shifts and Innovations - The domestic wine market is exploring new strategies such as "popularization," "trendy drinks," and lower alcohol content products to attract consumers [7] - A significant portion of industry participants believes that white wine and low-alcohol trendy drinks represent potential growth areas [7] - Companies are launching affordable wine products to lower entry barriers for consumers, with positive market feedback for low-priced white wines [8]

从资金流向上来看，当日非白酒板块主力资金净流出7649.92万元，游资资金净流出6309.61万元，散户资 金净流入1.4亿元。非白酒板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600238 | *ST椰岛 | 1211.33万 | 7.45% | -543.30万 | -3.34% | -668.03万 | -4.11% | | 600543 | 莫高股份 | 126.70万 | 2.46% | 142.10万 | 2.76% | -268.80万 | -5.22% | | 601579 | 会稽山 | 114.55万 | 0.91% | -151.38万 | -1.20% | - 36.83万 | 0.29% | | 002461 | 珠江啤酒 | 87.87万 | 0.80% | -821.37万 | -7.49% | 733.50万 | 6.69% | | 000752 | S ...

[CITIC Niya Wine Co., Ltd. 2025 Semi-Annual Performance Forecast Analysis](index=1&type=section&id=CITIC%20Niya%20Wine%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) | Financial Indicator | H1 2025 (Projected) | H1 2024 (Actual) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders (CNY)** | 0.4 million ~ 0.6 million CNY | -4.9954 million CNY | Turnaround from Loss to Profit | | **Net Profit Attributable to Shareholders Excluding Non-Recurring Items (CNY)** | -1.95 million ~ -2.45 million CNY | -7.6546 million CNY | Loss Narrowed | [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts H1 2025 net profit attributable to shareholders to be between 0.4 million and 0.6 million CNY, achieving a turnaround from loss, though non-recurring adjusted net profit remains a loss, and this forecast is unaudited Projected Performance (H1 2025) | Indicator | Projected Amount (CNY) | | :--- | :--- | | **Net Profit Attributable to Shareholders** | 0.4 million to 0.6 million CNY | | **Net Profit Attributable to Shareholders Excluding Non-Recurring Items** | -1.95 million to -2.45 million CNY | - The company explicitly states that this performance forecast has not been audited by a certified public accountant[2](index=2&type=chunk) [Prior Period Performance Comparison](index=1&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Status) The report provides 2024 prior period financial data as a benchmark, showing the company was in a loss state, which highlights the significant turnaround to profit in the current forecast Prior Period Performance (H1 2024) | Indicator (H1 2024) | Amount (CNY) | | :--- | :--- | | **Net Profit Attributable to Shareholders** | -4.9954 million CNY | | **Net Profit Attributable to Shareholders Excluding Non-Recurring Items** | -7.6546 million CNY | | **Earnings Per Share** | -0.0044 CNY | [Analysis of Turnaround to Profit](index=2&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Turnaround%20to%20Profit) The company attributes H1 2025 performance improvement to proactive marketing and sales innovations, including standardized marketing, product promotions, and accelerated D2C transformation - Key drivers for the company's performance growth include: - Advancing standardized marketing system development - Formulating and implementing "Opening Red" policies and product promotion plans - Accelerating the D2C (Direct-to-Consumer) sales model, particularly by vigorously promoting e-commerce influencer live streaming[4](index=4&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company warns that the performance forecast data is preliminary and unaudited, thus containing uncertainties, with no other significant factors affecting forecast accuracy identified - The company's projected performance has not yet been audited by a certified public accountant, and its accuracy is subject to uncertainty[5](index=5&type=chunk) [Other Explanatory Notes](index=2&type=section&id=V.%20Other%20Explanatory%20Notes) The company reiterates that this announcement's data is preliminary, and final accurate financial data will be based on the officially disclosed 2025 semi-annual report, advising investors to note investment risks - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report, and investors are advised to be aware of investment risks[6](index=6&type=chunk)

Core Insights - CITIC Niyah has experienced significant growth since its listing on July 11, 1997, with a market capitalization increase from 1.308 billion to 6.338 billion, reflecting not only scale expansion but also business structure adjustments [1][5] - Despite the growth in market capitalization, the company's profitability has faced challenges in recent years, with a cumulative profit decline of 53.03% from 0.35 billion in 1997 to 0.17 billion in 2024 [3] Business Overview - CITIC Niyah's main business includes wine production and sales, international economic and technical cooperation, and comprehensive agricultural development [3] - The core product revenue structure shows that high-end wine accounts for the highest proportion at 51.57%, followed by mid-to-low-end wine at 42.49% [3] Financial Performance - The company has shown significant volatility in profitability, with 9 years of losses out of 28 years since its listing, and only 13 years of profit growth, representing 50% of the time [3] - Revenue has fluctuated considerably, with 0.95 billion in 2020 and reaching 1.61 billion in 2024, indicating an unstable overall growth trend [3] - The net profit attributable to shareholders was -0.57 billion in 2020, recovering to 0.17 billion in 2024, but the company still requires time to restore its profitability [3] Market Capitalization Trends - Since its listing, CITIC Niyah's market value has increased 3.85 times, peaking at 16.182 billion on June 30, 2015, with a stock price of 14.4 [5] - As of July 10, the stock price was 5.64, with a market capitalization of 6.338 billion, representing a decrease of 98.44 billion from its peak, equating to a market value evaporation of 60.83% [5]

Core Viewpoint - The company, CITIC Niyah Wine Co., Ltd., has corrected prior accounting errors in its financial statements for the years 2021 to 2024, which were approved in the board and supervisory meetings held on June 26, 2025 [1]. Financial Statements Summary Consolidated Balance Sheet Adjustments - As of December 31, 2021, total assets were adjusted to RMB 2,338,103,136.16 from RMB 2,279,852,381.12, reflecting an increase of RMB 58,250,755.04 [1][2]. - Current assets increased to RMB 1,868,782,549.87 from RMB 1,727,925,628.87, a rise of RMB 140,856,921.00 [1][2]. - Non-current assets decreased to RMB 469,320,586.29 from RMB 551,926,752.25, a decline of RMB 82,606,165.96 [1][2]. Consolidated Profit and Loss Statement Adjustments - Total operating revenue for 2021 was reported at RMB 217,230,395.17, significantly up from RMB 94,614,896.59 in 2020, marking an increase of 129.5% [3][4]. - Total operating costs rose to RMB 231,038,617.83 from RMB 155,862,973.28, an increase of 48.2% [3][4]. - Net profit for 2021 was RMB 19,863,103.04, a recovery from a net loss of RMB 57,841,960.59 in 2020 [4][5]. Owner's Equity Changes - The total equity attributable to the parent company increased to RMB 2,160,147,083.02 from RMB 2,145,365,318.86, reflecting a growth of RMB 14,781,764.16 [2][5]. - The total owner's equity as of December 31, 2021, was RMB 2,147,106,283.90, up from RMB 2,132,825,824.77 [2][5]. Cash Flow and Other Financial Metrics - The company reported a basic earnings per share of RMB 0.0178 for 2021, compared to a loss per share of RMB -0.0509 in 2020 [4][5]. - The total comprehensive income for the year was RMB 19,863,103.04, a significant turnaround from the previous year's comprehensive loss [4][5].

证券代码：600084 证券简称：中信尼雅 公告编号：临 2025-017 中信尼雅葡萄酒股份有限公司 关于前期会计差错更正的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 1.公司博览园补助 58.03 万元因政府协议补贴到期未能续签，不符合经常性 损益，需调整为非经常性损益。 2.公司对未仔细划分的 2023 年政府补助，按照《公开发行证券的公司信息 披露解释性公告第 1 号——非经常性损益(2023 年修订)》划分经常性损益及非 经常性损益。 3．2024 年度应发工资使用了以前年度计提未使用的工资结余 451.00 万元， 为 2021 年计提的管理团队绩效。上述会计处理存在差错，现根据业务实际，对 1 中信尼雅葡萄酒股份有限公司（以下简称"中信尼雅"或"公司"）前 期会计处理涉及差错更正，并对 2021 年度、2022 年度、2023 年度、2024 年度 财务报表进行追溯调整。 本次会计差错更正影响 2021 年度资产负债表、利润表、所有者权益变 动表；影响 2022 年度、2023 年度资产 ...

中兴华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS FLP 地址 (location): 北京市丰台区丽泽路 20 号丽泽 S0H0 B 座 20 层 20/F, Tower B, Lize SOHO, 20 Lize Road, Fengtai District, Beijing PR China 电 记 ( t c 1 ) . 0 1 0 - 5 1 4 2 3 8 1 8 传真(1ax): 010-51423816 关于中信尼雅葡萄酒股份有限公司 前期会计差错更正专项说明审核报告 中兴华专字(2025)第 020246号 中信尼雅葡萄酒股份有限公司全体股东: 我们接受委托,审核了后附的中信尼雅葡萄酒股份有限公司(以下简称"中信 尼雅") 《中信尼雅葡萄酒股份有限公司前期会计差错更正专项说明》 (以下简称 "专项说明")。 一、管理层的责任 根据《企业会计准则第28 号 -- 会计政策、会计估计变更和差错更正》以及中 国证券监督管理委员会《公开发行证券的公司信息披露编制规则第 19 号 -- 财务信 息的更正及相关披露》等相关规定的要求, ...

中信尼雅葡萄酒股份有限公司 前期会计差错更正后的财务报表及相关附注 （除特别注明外，金额单位均为人民币元） 中信尼雅葡萄酒股份有限公司（以下简称"公司"或"中信尼雅"）于 2025 年 6 月 26 日召开的第八届董事会第十六次会议、第八届监事会第九次会议审议 通过了《关于前期会计差错更正的议案》。根据《企业会计准则第 28 号-会计政 策、会计估计变更和差错更正》、《公开发行证券的公司信息披露编报规则第 19 号-财务信息的更正及相关披露》等有关规定，公司对前期会计差错进行更正并 追溯调整。涉及 2021 年度至 2024 年度财务报表及附注的更正，具体情况如下： 一、2021 年度 （一）更正后的合并资产负债表 | | 元 | 单位： | 币种： 人民币 | | --- | --- | --- | --- | | 项目 | | 2021 年 12 月 31 日 | 2020 年 12 月 31 日 | | 流动资产： | | | | | 货币资金 | | 144,988,392.91 | 62,614,581.64 | | 结算备付金 | | | | | 拆出资金 | | | | | 交易性金融资产 | ...