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]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600365 证券简称：ST通葡 公告编号：临2025-038 通化葡萄酒股份有限公司 关于股票被实施其他风险警示相关事项的进展公告 2021年4月30日，公司披露了《ST通葡关于违规担保自查公告》（公告编号：临2021-044），公司披露 了截至2021年4月29日相关公司违规担保的解决进展及影响。 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。 2021年8月31日，公司披露了《通化葡萄酒股份有限公司关于违规担保事项解除进展公告》（公告编 号：临2021-077），公司对相关公司的相关担保、还款等责任已经解除。 重要内容提示： ● 通化葡萄酒股份有限公司（以下简称"公司"）因触及《上海证券交易所股票上市规则》（2019年4月 修订）13.4.1第（五）项规定，公司股票被实施 "其他风险警示"。 ● 根据《上海证券交易所股票上市规则》（2025年4月修订）第9.8.4条规定，公司将每月披露一次其他 风险警示相关事项的进展情况，提示相关风险。 一、公司被实施其他风险警 ...

Core Viewpoint - Tonghua Grape Wine Co., Ltd. has been placed under "other risk warning" due to violations of the Shanghai Stock Exchange listing rules, necessitating monthly disclosures of related progress and risks [1][2]. Group 1: Risk Warning Implementation - The company triggered the "other risk warning" due to specific conditions outlined in the Shanghai Stock Exchange listing rules, leading to the implementation of this warning [1]. - The company will disclose updates on the risk warning monthly, as per the revised listing rules [1]. Group 2: Legal and Financial Issues - The company has faced legal challenges, including an arbitration case involving a former actual controller, with a claim amounting to 306.3 million yuan [2][3]. - The arbitration tribunal ruled that the company's guarantee to Dalian Dinghua was invalid, but the company must bear a compensation responsibility within a certain range [3]. - The company has made provisions for expected liabilities related to the arbitration and has initiated legal action against the former actual controller for damages [3]. Group 3: Operational Status - As of the announcement date, the company's production and operations are reported to be normal, and it will continue to provide timely updates on the situation [3].

证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-038 通化葡萄酒股份有限公司 关于股票被实施其他风险警示相关事项的进展公告 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。 2021 年 4 月 30 日，公司《2020 年内部控制审计报告》被会计师出具否定意 见，根据《上海证券交易所股票上市规则》（2020 年 12 月修订）13.9.1 第（三） 项规定，公司被继续实施"其他风险警示"。2022 年 4 月 23 日，公司《2021 年内部控制审计报告》被会计师出具了标准无保留意见。 重要内容提示： ● 通化葡萄酒股份有限公司（以下简称"公司"）因触及《上海证券交易所 股票上市规则》（2019 年 4 月修订）13.4.1 第（五）项规定，公司股票被实施 "其 他风险警示"。 ● 根据《上海证券交易所股票上市规则》（2025 年 4 月修订）第 9.8.4 条 规定，公司将每月披露一次其他风险警示相关事项的进展情况，提示相关风险。 一、公司被实施其他风险警示的基本情况及进展 2020 年 8 月 25 ...

Industry Dynamics - In the first half of 2023, the revenue from tobacco and alcohol increased by 5.5% year-on-year, totaling 331.6 billion yuan, while June's revenue was 51.6 billion yuan, showing a decline of 0.7% year-on-year [4] - The added value of the beverage and tea manufacturing industry grew by 3.4% year-on-year in June, with a 4.7% increase in the first half of the year [4] - Four industry standards related to fermented rice wine and fruit wines were officially released, set to be implemented on February 1, 2026 [4] - A national standard for the carbon footprint quantification of liquor was included in the 2025 national standard plan [5] - The China Chain Store & Franchise Association issued a proposal to resist "involution" competition in instant retail, emphasizing the need for fair market practices and sustainable development [5] Company Dynamics - Multiple liquor companies released their performance forecasts for the first half of 2023, showing a significant divergence in results. The white liquor sector generally performed poorly, with Shui Jing Fang's net profit dropping by 56.52% and other companies like Jiu Gui Jiu and Shun Xin Agriculture also reporting substantial declines [7] - Some companies, such as Chuan Jiu Group and Qinghai Spring, reported growth in revenue and profits, while the beer sector, led by Yan Jing Beer, saw a net profit increase of 40%-50% [7] - The wine and yellow wine sectors faced losses, attributed to rising costs and inadequate market expansion [7] - The chairman of Shui Jing Fang Group was replaced, marking a significant change in leadership [10] - Hengshui Laobaigan plans to focus on three key areas in the second half of the year: deepening core market channels, enhancing differentiated operations for banquet scenarios, and accelerating the implementation of a digital marketing system [10]

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -27.9 million yuan and -18.6 million yuan [1] - The expected net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses is projected to be between -22 million yuan and -14.67 million yuan [1] - The previous year's net profit attributable to shareholders of the parent company was -27.09 million yuan, indicating a similar trend of losses [1][2] Group 2 - The company reported a total profit of -22.29 million yuan in the same period last year [2] - The company has faced challenges in improving its operating performance due to complex internal and external environments [2] - The earnings forecast has not been audited by a registered accountant [2]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company projects a net loss for H1 2025, with attributable net profit expected between **-27.9 million and -18.6 million CNY** 2025 Semi-Annual Performance Forecast (Jan 1 - Jun 30, 2025) | Indicator | Estimated Amount (Million CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -27.9 to -18.6 | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | -22.0 to -14.67 | - This performance forecast has not been audited by a certified public accountant[2](index=2&type=chunk) [Prior Period Performance Review](index=1&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) The company reported a net loss of **-27.0889 million CNY** attributable to parent company shareholders in H1 2024, similar to current forecasts 2024 Semi-Annual Performance (Prior Period) | Indicator | 2024 Semi-Annual Amount (Million CNY) | | :--- | :--- | | Total Profit | -22.2955 | | Net Profit Attributable to Parent Company Shareholders | -27.0889 | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | -20.9689 | | Earnings Per Share | -0.06 CNY | [Analysis of Pre-Loss Reasons](index=1&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Pre-Loss) The company attributes the projected loss to complex internal and external operating environments, without providing specific details - The company attributes the loss to 'complex internal and external environmental impacts,' despite the board's efforts to improve operating performance[4](index=4&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company states no significant uncertainties affect this forecast, but emphasizes the inherent accuracy risks of unaudited data - The company states there are no significant uncertainties affecting the accuracy of this performance forecast[5](index=5&type=chunk) - It is re-emphasized that this performance forecast has not been audited by a certified public accountant[5](index=5&type=chunk) [Other Explanations](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) The company advises investors that disclosed data is preliminary, with final figures in the 2025 semi-annual report, and warns of investment risks - The forecast data is preliminary, and the final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report[6](index=6&type=chunk) - Investors are reminded to be aware of investment risks[6](index=6&type=chunk)

Group 1: Yanjing Beer - Yanjing Beer expects a net profit of 1.062 billion to 1.137 billion yuan for the first half of 2025, representing a year-on-year growth of 40% to 50% [1] - The net profit excluding non-recurring gains and losses is projected to be 0.926 billion to 1 billion yuan, reflecting a growth of 25% to 35% compared to the same period last year [1] - Despite facing intensified market competition and slowing growth, Yanjing Beer has achieved revenue and net profit growth through product structure optimization, cost control, and market expansion [1] Group 2: Langjiu Group - Langjiu Group's chairman, Wang Junlin, emphasized the company's commitment to maintaining price stability and not participating in price wars during a recent national dealer conference [2] - The company outlined "Eight Persistences" and "Four Ensures" to guide its strategy, focusing on high-end positioning and brand strength [2] - The avoidance of price wars by leading liquor companies could help maintain healthy profit margins in the liquor sector and prevent value erosion [2] Group 3: ST Tongpu - ST Tongpu's lawsuit request was rejected by the first-instance court, and the company is required to bear costs of approximately 395,600 yuan for the case [3] - The company stated that the court's decision would not impact its current or future profits [3] - However, such negative events may affect investor confidence and raise concerns about the company's governance or operational risks [3]

Group 1 - The company is involved in a lawsuit where it is the plaintiff, and the case is currently at the first-instance judgment stage [1] - The amount involved in the lawsuit is 70.7543 million yuan [1] - The judgment has rejected the company's claims, and the company will bear the litigation costs amounting to 395,571 yuan and announcement fees of 2,600 yuan [1] Group 2 - The lawsuit has not had any impact on the company's current or future profits [2] - As of the announcement date, the company and its subsidiaries do not have any undisclosed significant litigation or arbitration matters [2]

证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-036 通化葡萄酒股份有限公司关于涉及诉讼进展的公告 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: 是否会对上市公司损益产生负面影响：上述已判决的案件对公司本期利 润或者期后利润等未产生影响。 通化葡萄酒股份有限公司（以下简称"公司"）于近日收到（2024）吉 01 民 初 273 号民事判决书。现将有关情况公告如下： 一、本次诉讼基本情况 1、起诉时间：2024 年 4 月 1 日 2、受理时间：2024 年 7 月 30 日 3、诉讼机构：吉林省长春市中级人民法院 4、诉讼各方当事人 1、判令被告向原告赔偿损失人民币 70,754,300 元（大写：柒仟零柒拾伍万 肆仟叁佰元）； 2、本案诉讼费、保全费由被告承担。 具体内容详见公司于 2024 年 8 月 2 日披露的《通化葡萄酒股份有限公司关 于涉及诉讼进展的公告》（公告编号：临 2024-045）。 1 案件所处的诉讼阶段：一审判决 上市公司所处的当事人地位：原告 涉案的金额：7, ...