Core Insights - The core viewpoint of the article highlights the financial performance of Hebei Hengshui Laobaigan Liquor Co., Ltd. for the first half of 2025, showing mixed results in revenue and profit, alongside a significant decline in cash flow [1] Financial Performance - The company achieved an operating revenue of 2.481 billion yuan, a year-on-year increase of 0.48% [1] - The net profit attributable to shareholders was 321 million yuan, reflecting a year-on-year increase of 5.42% [1] - The net cash flow from operating activities recorded a loss of 46 million yuan, a year-on-year decline of 120.51% [1] Cash Flow Analysis - The decline in cash flow was primarily attributed to a decrease in cash collections during the reporting period [1] Product Sales Breakdown - Sales of products priced above 100 yuan accounted for the majority of revenue, with 1-6 month revenues of 1.317 billion yuan for products above 100 yuan, up 5.1%, and 1.153 billion yuan for products below 100 yuan, down 3.81% [1] Regional Sales Performance - The revenue contribution from the Hebei market was significant, with revenues of 1.482 billion yuan, a year-on-year increase of 3.74% [1] - Other regional revenues included Hunan at 524 million yuan (up 11.34%), Anhui at 222 million yuan (down 18.52%), Shandong at 86 million yuan (up 2.95%), and other provinces at 150 million yuan (down 20.39%) [1]

证券代码：600559 证券简称:老白干酒 公告编号：2025-022 河北衡水老白干酒业股份有限公司 2025 年半年度经营数据公告 单位：万元 币种：人民币 | | | 单位:万元 币种:人民币 产品档次 2025 年 1-6 月营业收入 2024 年 1-6 月营业收入 同比（%） 100 元以上 131,658.50 125,273.66 5.10 100 元以下 115,308.00 119,872.44 -3.81 | 线上销售） | | | | | --- | --- | --- | --- | | 直销（含团购、 经销商模式 | 18,572.06 228,394.44 | 16,006.10 229,140.00 | 16.03 -0.33 | 三、按地区分类情况 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，河北衡水老白干酒业股份有限公 司现将 2025 年半年度主要经营数据（未经审计）披露如下 ...

河北衡水老白干酒业股份有限公司2025 年半年度报告 公司代码：600559 公司简称：老白干酒 河北衡水老白干酒业股份有限公司 2025 年半年度报告 1 / 143 河北衡水老白干酒业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人刘彦龙、主管会计工作负责人吴东壮及会计机构负责人（会计主管人员）李广 民声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者及相关人士均 应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异，请投资者注意投资 风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事 ...

Group 1 - The company reported a revenue of 2.481 billion yuan, representing a year-on-year increase of 0.48% [1] - The net profit attributable to shareholders of the listed company was 320 million yuan, showing a year-on-year growth of 5.42% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 296 million yuan, with a year-on-year increase of 6.45% [1]

老白干酒8月28日披露半年报，公司上半年实现营业收入24.81亿元，同比增长0.48%；归属于上市公司 股东的净利润3.21亿元，同比增长5.42%；基本每股收益0.35元/股。 ...

老白干酒公告，2025年上半年营业收入24.81亿元，同比增长0.48%。净利润3.21亿元，同比增长 5.42%。 ...

Group 1 - The stock price of Laobai Gan Liquor reached 18.40 yuan as of August 25, 2025, marking a 3.9% increase from the previous trading day, with a trading volume of 1.071 billion yuan [1] - Laobai Gan Liquor operates in the liquor industry, primarily producing baijiu products, with brands including Hengshui Laobai Gan [1] - The company has recently formed a strategic partnership with Hebei retail enterprise Xinyilou Department Store Group to jointly launch the "Hengshui Laobai Gan·Classic Inheritance" product, exploring new retail models [1] Group 2 - The collaboration between Laobai Gan Liquor and Xinyilou Department Store Group aims to enhance market expansion and brand collaboration, promoting the development of the Hebei baijiu market [1] - On August 25, the net inflow of main funds was 117 million yuan, with a cumulative net inflow of 116 million yuan over the past five days [1]

Core Insights - The strategic cooperation between Hebei Hengshui Laobaigan Liquor (Group) Co., Ltd. and Xinyulou Department Store Group Co., Ltd. aims to enhance brand synergy and market expansion [1][3] - The launch of the "Hengshui Laobaigan·Classic Inheritance" product represents a significant collaboration, combining traditional craftsmanship with modern retail standards [1] Company Overview - Xinyulou Department Store Group, founded in 1984, has grown to operate 43 stores with a total building area of 1.2 million square meters and approximately 40,000 employees across Hebei, Shandong, and Tianjin [1] - The group is projected to achieve sales revenue exceeding 23.9 billion yuan and tax contributions over 1.1 billion yuan in 2024 [1] Product Development - The new product, "Hengshui Laobaigan·Classic Inheritance," is the first white liquor product backed by Xinyulou's selection standards, aiming to set a benchmark for high-quality liquor with a focus on taste and comfort [1] Strategic Collaboration - The partnership emphasizes deep strategic cooperation through "quality linkage," focusing on cultural co-construction, market expansion, brand collaboration, and cross-industry resource integration [3] - This collaboration aims to promote the cultural brand of Hebei and establish a new model of strategic synergy that reflects regional characteristics and contemporary spirit [3]

Group 1 - A-shares in the liquor sector experienced significant gains, driven by favorable factors such as clear valuation advantages and the upcoming Mid-Autumn Festival [1] - Shede Liquor reached the daily limit, while Shui Jing Fang and Ying Jia Gong Jiu rose over 6%, and other notable brands like Jin Hui Jiu and Shanxi Fen Jiu increased by over 4% [1] - Major brands such as Luzhou Laojiao and Wuliangye also saw increases, with Guizhou Moutai rising over 1% [1] Group 2 - The market capitalization and year-to-date performance of several liquor companies were highlighted, with Shede Liquor at 22.3 billion and a year-to-date increase of 2.42% [2] - Shui Jing Fang had a market cap of 23.7 billion but a year-to-date decline of 7.24%, while Ying Jia Gong Jiu's market cap was 37.3 billion with a decline of 10.31% [2] - Shanxi Fen Jiu showed strong performance with a market cap of 249.5 billion and a year-to-date increase of 14.93% [2]

Group 1 - The core viewpoint of the article highlights a significant increase in the A-share market for liquor stocks, with Shede Liquor leading the gains by over 7% [1] - Other notable performers include Shui Jing Fang, Shanxi Fen Jiu, Ying Jia Gong Jiu, and Luzhou Laojiao, all experiencing gains of over 1% [1] Group 2 - Shede Liquor (600702) saw a rise of 7.34%, with a total market capitalization of 21.8 billion and a year-to-date change of -0.06% [2] - Shui Jing Fang (600779) increased by 1.85%, with a market cap of 22.5 billion and a year-to-date decline of -11.63% [2] - Ying Jia Gong Jiu (603198) rose by 1.71%, with a market cap of 35.7 billion and a year-to-date decline of -14.09% [2] - Shanxi Fen Jiu (600809) increased by 1.68%, with a market cap of 243.8 billion and a year-to-date increase of 12.31% [2] - Luzhou Laojiao (000568) rose by 1.58%, with a market cap of 195.4 billion and a year-to-date increase of 11.27% [2] - Other companies such as Jinzhongzi Jiu (600199) and Gujing Gong Jiu (000596) also showed minor increases, with market caps of 7.4 billion and 87.5 billion respectively [2]