Core Viewpoint - Anhui Jinzhongzi Liquor Co., Ltd. reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating challenges in the liquor market and company performance [1] Financial Performance - For the first nine months, the company achieved operating revenue of 628 million yuan, a year-on-year decrease of 22.08% [1] - The net profit attributable to shareholders was -100 million yuan, reflecting a slight year-on-year decline of 0.97% [1] Revenue Breakdown - The revenue from high-end liquor was 51 million yuan, from mid-range liquor was 131 million yuan, and from low-end liquor was 330 million yuan [1] - The company generated 419 million yuan in revenue from within the province and 94 million yuan from outside the province during the same period [1]

Group 1 - The core viewpoint of the news is that Jinzhongzi Liquor reported a significant decline in revenue and incurred a net loss in the third quarter of 2025 [1] - For the first three quarters of 2025, the company's revenue was approximately 628 million yuan, representing a year-on-year decrease of 22.08% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 100 million yuan, with basic earnings per share showing a loss of 0.1528 yuan [1] Group 2 - As of the report, Jinzhongzi Liquor's market capitalization stood at 6.7 billion yuan [2] - The A-share market has recently surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market's transformation [2]

Group 1 - The core point of the article is that Jinzhongzi Liquor (600199) reported a revenue of 144 million yuan in the third quarter, reflecting a year-on-year growth of 3.73% [1] - The company experienced a net loss of 28.3 million yuan in the third quarter, which is a year-on-year increase in losses by 74.42% [1] - For the first three quarters, the total revenue was 628 million yuan, showing a year-on-year decline of 22.08% [1] - The net profit for the first three quarters was a loss of 100 million yuan, which represents a year-on-year decrease in losses of 0.97% [1]

Financial Performance - The company's operating revenue for the third quarter was ¥144,395,619.59, an increase of 3.73% compared to the same period last year[4]. - The total profit for the quarter was -¥27,735,730.04, representing a decrease of 74.46% year-on-year[4]. - The net profit attributable to shareholders was -¥28,298,806.17, a decline of 74.42% compared to the previous year[4]. - The net profit after deducting non-recurring gains and losses was -¥31,019,034.24, down 73.01% year-on-year[4]. - The basic and diluted earnings per share for the quarter were both -¥0.0430, a decrease of 74.44% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 was approximately ¥628 million, a decrease of 22% compared to ¥806 million in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was approximately -¥100 million, compared to -¥99 million in the same period of 2024, indicating a slight increase in losses[21]. - Basic and diluted earnings per share remained at -¥0.15 for both 2025 and 2024[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,186,342,582.09, a slight decrease of 0.28% from the end of the previous year[5]. - The equity attributable to shareholders was ¥2,068,478,599.78, down 4.77% from the previous year[5]. - The company's current assets totaled RMB 2,011,194,706.16, compared to RMB 2,006,088,143.53 in the previous year, indicating a marginal increase[15]. - The total liabilities of the company reached RMB 1,107,413,408.56, up from RMB 1,009,980,206.08 in the previous year[17]. - The owner's equity decreased to RMB 2,078,929,173.53 from RMB 2,185,218,563.94 year-over-year[17]. - The total non-current assets were valued at RMB 1,175,147,875.93, down from RMB 1,189,110,626.49[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥117,935,749.64, with a decrease of 53.96%[5]. - Net cash flow from operating activities for the first three quarters of 2025 was approximately -¥118 million, an improvement from -¥256 million in the same period of 2024[22]. - Cash and cash equivalents at the end of the first three quarters of 2025 were approximately ¥341 million, compared to ¥319 million at the end of the same period in 2024[23]. - The company reported a net cash outflow from investing activities of approximately -¥50.6 million in 2025, compared to -¥8.3 million in 2024, reflecting increased investment expenditures[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 115,792[11]. - The company reported a decrease in unallocated profits to RMB 102,188,231.43 from RMB 202,683,823.37, indicating a significant decline[17]. Expenses - The company reported a significant reduction in research and development expenses, totaling approximately ¥14 million in 2025, down from ¥17 million in 2024[20]. - The company incurred a financial expense of approximately ¥4.9 million in the first three quarters of 2025, compared to a financial income of approximately ¥2.1 million in the same period of 2024[20]. Borrowings - Short-term borrowings increased to RMB 269,814,893.36 from RMB 198,262,341.42 year-over-year[16]. - The company received approximately ¥390 million in borrowings during the first three quarters of 2025, compared to ¥157 million in the same period of 2024, indicating increased financing activity[23].

证券代码：600199 证券简称：金种子酒 公告编号：临 2025-037 安徽金种子酒业股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会议召开时间：2025 年 11 月 11 日 （星期二）下午 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 04 日 （星期二） 至 11 月 10 日 （星期一） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 jnsy199@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 安徽金种子酒业股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司《2025 年第三季度报告》，为便于广大投资者更全面深入地了解公司 2025 年第三季度 ...

证券代码：600199 证券简称：金种子酒 公告编号：临 2025-036 安徽金种子酒业股份有限公司 2025年第三季度主要经营数据公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》 之《第十二号——酒制造》第十六条相关规定，现将安徽金种子酒业股份有 限公司 2025 年 1-9 月份主要经营数据（未经审计）公告如下： 一 、 报告期经营情况 1、产品分档次情况 单位：万元 币种：人民币 | 分产品 | 本期营业收入 | 主要代表品牌 | | | --- | --- | --- | --- | | 高端酒 | 5,126.61 | 馥合香馥 16、馥合香馥 | 20 | | 中端酒 | 13,090.77 | 馥合香馥 7、馥合香馥 | 9、金种子 10 | | 低端酒 | 33,005.16 | 柔和、祥和、金种子 | 6、特贡 | | 小计 | 51,222.54 | | | 注：白酒产品按照零售价为基础，细分为下列三档次，高端（X>500 元/ 瓶 ...

Core Viewpoint - The company reported a mixed financial performance for the third quarter, with a slight increase in revenue but significant losses in net profit compared to the previous year [1] Financial Performance Summary - Q3 revenue reached 144 million yuan, representing a year-on-year increase of 3.73% [1] - Q3 net profit loss amounted to 28.3 million yuan, which is a year-on-year increase in losses of 74.42% [1] - For the first three quarters, total revenue was 628 million yuan, showing a year-on-year decline of 22.08% [1] - The net profit loss for the first three quarters was 100 million yuan, reflecting a slight year-on-year decrease in losses of 0.97% [1]

Core Insights - The liquor sector experienced a slight increase of 0.14% on October 21, with *ST Rock leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance Summary - *ST Rock (600696) closed at 5.84, with a rise of 5.04% and a trading volume of 47,600 shares, totaling 27.11 million yuan [1] - Other notable performers include Tianyoude Liquor (002646) at 9.80, up 1.34%, and Qingdao Wenzhou (000995) at 13.97, up 1.31% [1] - Major stocks like Luzhou Laojiao (000568) and Kweichow Moutai (600519) saw minor increases of 0.80% and 0.30%, respectively, with Moutai's closing price at 1462.26 and a trading volume of 25,400 shares, totaling 3.73 billion yuan [1] Capital Flow Analysis - The liquor sector saw a net inflow of 12.19 million yuan from major funds, while retail investors contributed a net inflow of 15.9 million yuan [2] - Conversely, speculative funds experienced a net outflow of 172 million yuan [2] Individual Stock Capital Flow - Kweichow Moutai (600519) had a significant net inflow of 1.26 billion yuan from major funds, while it faced a net outflow of 1.26 billion yuan from speculative funds [3] - Wuliangye (000858) reported a net inflow of 29.16 million yuan from major funds, but a net outflow of 39.27 million yuan from retail investors [3] - *ST Rock (600696) showed a net inflow of 6.38 million yuan from major funds, while retail investors withdrew 5.52 million yuan [3]

Core Viewpoint - The liquor sector experienced a decline of 1.79% on October 17, with the leading stock, Jiu Gui Jiu, falling significantly. The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1]. Group 1: Stock Performance - The liquor sector stocks showed varied performance, with notable declines in several key companies: - Zhi Si Cha (000799) closed at 62.22, down 3.20% with a trading volume of 106,600 shares and a transaction value of 671 million yuan - ST Yan Shi (600696) closed at 5.50, down 2.65% with a trading volume of 37,600 shares and a transaction value of 2.08 million yuan - She De Jiu Ye (600702) closed at 61.87, down 2.57% with a trading volume of 74,200 shares and a transaction value of 463 million yuan - Huang Tai Jiu Ye (000995) closed at 13.47, down 2.46% with a trading volume of 38,300 shares and a transaction value of 5.22 million yuan - Gu Li Gong Jiu (000596) closed at 155.80, down 2.02% with a trading volume of 22,100 shares and a transaction value of 348 million yuan - Kweichow Moutai (600519) closed at 1455.00, down 2.01% with a trading volume of 38,100 shares and a transaction value of 5.595 billion yuan - Shui Jing Fang (600779) closed at 42.10, down 1.98% with a trading volume of 20,700 shares and a transaction value of 87.98 million yuan - Jin Zhong Zi Jiu (661009) closed at 10.20, down 1.92% with a trading volume of 66,900 shares and a transaction value of 68.80 million yuan - Yi Li Te (600197) closed at 15.22, down 1.81% with a trading volume of 44,500 shares and a transaction value of 68.22 million yuan - Lao Bai Gan Jiu (600559) closed at 16.89, down 1.75% with a trading volume of 116,000 shares and a transaction value of 197 million yuan [1]. Group 2: Capital Flow - On the same day, the liquor sector saw a net outflow of 1.173 billion yuan from main funds, while retail funds experienced a net inflow of 488.5 million yuan and speculative funds saw a net inflow of 688 million yuan [2].

Market Overview - The liquor sector experienced a decline of 0.87% on October 13, with *ST Rock leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Individual Stock Performance - *ST Rock (600696) closed at 5.63, down 3.10% with a trading volume of 37,400 shares and a turnover of 20.94 million yuan [1] - Other notable declines include: - Si Gu Dian (000799) down 2.30% to 59.57 with a volume of 105,200 shares [1] - Gujing Gongjiu (000596) down 2.24% to 150.83 with a volume of 18,900 shares [1] - Huangtai Liquor (000995) down 2.12% to 13.83 with a volume of 39,700 shares [1] Capital Flow Analysis - The liquor sector saw a net outflow of 1.133 billion yuan from main funds, while retail funds had a net inflow of 579 million yuan [1] - The table of capital flow indicates that major stocks like Kweichow Moutai (6150009) had a net outflow of 4.91 million yuan, while retail investors contributed a net inflow of 29,500 yuan [2] - Luzhou Laojiao (000568) experienced a net outflow of 1.74 million yuan from main funds but saw a retail net inflow of 8.366 million yuan [2]