Financial Performance - The company anticipates a net profit attributable to shareholders for 2025 to be negative, indicating an expected loss for the year [1] - The loss is projected to narrow compared to the previous year, suggesting an improvement in operational performance [1] Compliance and Reporting - The company is committed to adhering to the Shanghai Stock Exchange listing rules and will expedite financial accounting processes [1] - A formal earnings forecast for 2025 will be disclosed as soon as possible, with final financial data to be confirmed in the official annual report [1]

Group 1 - Jia Mei Packaging's stock will resume trading on January 12, 2026, after completing a review due to a 230.48% price increase from December 17, 2025, to January 6, 2026 [1] - Yan Jiang Co. continues to suspend trading as it plans to acquire assets, with a disclosure expected by January 19, 2026 [2] - Defu Technology terminated its acquisition of 100% of Luxembourg Copper Foil due to restrictions from the Luxembourg Ministry of Economy, with a refund of €17.4047 million expected [3] Group 2 - Defu Technology plans to acquire at least 51% of Huiru Technology through cash and capital increase, with Huiru focusing on high-performance electrolytic copper foil [4] - Shangluo Electronics' application for issuing convertible bonds has been accepted by the Shenzhen Stock Exchange [5] - Xianle Health intends to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and capital strength [6] Group 3 - Hangyu Technology plans to sell up to 752,800 repurchased shares to supplement working capital, with a potential cancellation of unsold shares [7] - Fangsheng Pharmaceutical's production facility failed a GMP compliance check, but it will not significantly impact operations [8][9] - East China Pharmaceutical's subsidiary's product has been included in the list of breakthrough therapeutic varieties for severe hypertriglyceridemia [10] Group 4 - Dechang Co. expects a net profit decrease of 51% to 61% for 2025, primarily due to competitive pressures and foreign exchange losses [12] - Hebang Bio anticipates a net loss for 2025 due to asset impairment provisions [13] - Qu Mei Home expects a net loss for 2025, with significant negative figures reported for the first nine months [14] Group 5 - Jinzongzi Wine forecasts a net loss for 2025, although the loss is expected to narrow compared to the previous year [15] - Sichuan Electronics expects a net loss of between 265 million to 340 million yuan for 2025, attributed to market competition and delayed orders [16] - Wansheng Co. anticipates a net loss for 2025 [17] - Weiyuan Co. also expects a net loss for 2025 [19] - Kosen Technology predicts a net loss for 2025 due to low capacity utilization and strategic adjustments [20] - Zhongheng Group expects a net loss for 2025 [21] Group 6 - Xiantan Co. reported a 9.41% year-on-year increase in chicken product sales revenue to 530 million yuan in December 2025 [22] Group 7 - Huate Gas shareholders plan to reduce their holdings by up to 2% through block trades [24] - Meidike shareholders plan to reduce their holdings by up to 1% through market transactions [25]

Core Viewpoint - Jinzhongzi Liquor (600199.SH) expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating an anticipated operating loss, although the loss is expected to narrow compared to the previous year [1] Financial Performance - The company is currently conducting preliminary financial assessments, which suggest that the operating performance for 2025 will be in the red [1] - The extent of the expected loss for 2025 is projected to be less severe than that of the previous year [1] Compliance and Reporting - The company will adhere to the regulations set forth by the Shanghai Stock Exchange and expedite its financial accounting processes [1] - A formal earnings forecast for the fiscal year 2025 will be disclosed as soon as possible [1] - The final financial figures will be confirmed in the official 2025 annual report [1]

Core Viewpoint - The company Jinzhongzi Liquor (600199.SH) anticipates a negative net profit attributable to shareholders for the fiscal year 2025, indicating an expected operational loss, although the loss is projected to narrow compared to the previous year [1] Financial Performance - The company’s financial department has conducted preliminary assessments, leading to the expectation of a loss in 2025 [1] - The extent of the loss is expected to be less severe than in the previous year [1] Compliance and Reporting - The company will adhere to the regulations set forth by the Shanghai Stock Exchange and expedite its financial accounting processes [1] - A formal earnings forecast for 2025 will be disclosed as soon as possible [1] - The final financial data will be confirmed in the official 2025 annual report [1]

Core Viewpoint - The company Jinzhongzi Liquor (600199) announced on January 11 that it expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating an anticipated operating loss, although the loss is expected to narrow compared to the previous year [1]. Financial Performance - The company projects a net profit for 2025 to be negative, suggesting a decline in financial performance [1]. - The anticipated loss for 2025 is expected to be less severe than the loss experienced in the previous year [1].

Group 1 - The company, Jinzhongzi Liquor (600199), announced that it expects a negative net profit attributable to shareholders for the fiscal year 2025 [1] - The company's operating performance is projected to incur losses in 2025, although the extent of the losses is expected to narrow compared to the previous year [1]

智通财经APP讯，金种子酒(600199.SH)发布公告，经公司财务部门初步测算，预计公司2025年度归属 于上市公司股东的净利润为负值，2025年度经营业绩将出现亏损，亏损幅度预计同比将会收窄。 ...

Core Viewpoint - The liquor sector experienced a decline of 0.47% on January 7, with *ST Rock leading the drop, while the Shanghai Composite Index rose by 0.05% and the Shenzhen Component Index increased by 0.06% [1]. Group 1: Market Performance - The closing prices and performance of key liquor stocks showed mixed results, with Guizhou Moutai at 1423.36 yuan (-0.33%), and Wuliangye at 107.52 yuan (-0.60%) [1][2]. - The total net outflow of main funds from the liquor sector was 244 million yuan, while retail investors saw a net inflow of 437.07 thousand yuan [2]. Group 2: Trading Volume and Value - Guizhou Moutai had a trading volume of 29,700 hands and a transaction value of 4.234 billion yuan, while Wuliangye had a trading volume of 123,100 hands and a transaction value of 1.326 billion yuan [1][2]. - The trading volume for the liquor sector was highlighted, with notable transactions including Luzhou Laojiao at 93,700 hands and a transaction value of 1.102 billion yuan [2]. Group 3: Fund Flow Analysis - Guizhou Moutai saw a main fund inflow of 76.40 million yuan, while *ST Rock experienced a main fund outflow of 4.17 million yuan [3]. - The fund flow analysis indicated that retail investors contributed positively to some stocks, such as Tianyoude Liquor, which had a retail net inflow of 121.59 thousand yuan [3].

Core Viewpoint - The adjustment trend in the liquor industry is becoming increasingly severe, as evidenced by the third-quarter financial reports of 20 A-share liquor companies, indicating significant declines in revenue and net profit [1] Financial Performance - The total revenue of 20 liquor companies in the third quarter reached 77.976 billion yuan, a year-on-year decline of 18.47% [1] - The net profit for these companies was 28.011 billion yuan, reflecting a year-on-year drop of 22.22%, marking a new low for this cycle [1] Industry Dynamics - The "Matthew Effect" is becoming more pronounced, with only Kweichow Moutai and Shanxi Fenjiu achieving growth in both revenue and net profit, while the performance decline of the other 18 companies has worsened compared to the second quarter [1] - Over half of the liquor companies reported a year-on-year decline in net profit, with regional companies facing particularly severe challenges [1] Regional Company Challenges - Kuozi Jiao's net profit plummeted by 92.55%, nearing a loss, while several companies like Jiu Gui Jiu and Huang Tai Jiu Ye have also fallen into losses [1] - Jinzhongzi Jiu experienced a slight revenue increase of 3.73%, but still reported a net loss, failing to reverse the industry's downturn [1] Market Trends - The industry is witnessing a dual pressure from top-tier companies and the inherent brand and channel weaknesses of regional firms, leading to a shrinking survival space [1] - The trend towards lower alcohol content and targeting younger consumers is becoming irreversible in the liquor industry, with the market for low-alcohol beverages expected to exceed 74 billion yuan by 2025, with a compound annual growth rate of 25%, significantly outpacing the overall liquor industry [1] - Both top-tier and regional liquor companies need to optimize product structures and cultivate younger customer bases to explore new growth avenues [1]

Core Viewpoint - The liquor sector experienced a decline of 1.01% on December 31, with *ST Yanshi leading the drop, while the overall market showed mixed results with the Shanghai Composite Index up by 0.09% and the Shenzhen Component Index down by 0.58% [1] Liquor Sector Performance - The closing prices and percentage changes for key liquor stocks are as follows: - *ST Yanshi: 2.90, -4.92% - Gujing Gongjiu: 132.60, -2.23% - Shede Manye: 56.08, -1.61% - Quanwei Jiu: 20.42, -1.40% - Luzhou Laojiao: 116.22, -1.38% - Wuliangye: 105.94, -1.32% - Zhisi Cha: 54.58, -1.30% - Yingjia Gongjiu: 39.56, -1.27% - Yilite: 13.84, -1.14% - Huangtai Jiuye: 12.51, -1.11% [1] Capital Flow Analysis - The liquor sector saw a net outflow of 1.573 billion yuan from main funds, while retail investors contributed a net inflow of 712 million yuan [1] - The detailed capital flow for selected stocks indicates: - Gujing Gongjiu: Main net inflow of 5.437 million yuan, retail net inflow of 2.302 million yuan - *ST Yanshi: Main net outflow of 4.866 million yuan, retail net inflow of 4.265 million yuan - Other stocks like Jinzhongzi Jiu and Kuozi Jiao experienced significant net outflows from main and retail funds [2]