观点网讯：8月22日，舍得酒业股份有限公司发布2025年半年度报告摘要。报告期内，舍得酒业总资产达到124.07亿元，较上年度末增长5.12%；归属于上市公司股东的净资产为70.54亿元， 在财务数据方面，舍得酒业2025年上半年营业收入为27.01亿元，同比下降17.41%；利润总额为5.62亿元，同比下降29.34%；归属于上市公司股东的净利润为4.43亿元，同比下降24.98%。 股东持股情况显示，四川沱牌舍得集团有限公司持股比例最高，为30.23%，为境内非国有法人股东。 ...

Core Viewpoint - Shede Liquor has demonstrated strong operational resilience and growth potential in the first half of 2025, achieving significant profit recovery despite ongoing industry challenges [1][2][6]. Financial Performance - In the first half of 2025, Shede Liquor reported revenue of 2.701 billion yuan and a net profit attributable to shareholders of 443 million yuan [1]. - The second quarter saw revenue of 1.125 billion yuan, remaining stable year-on-year, while net profit surged by 139.5% to 97.17 million yuan [2]. - The first quarter's net profit of 346 million yuan exceeded the total net profit for the previous year, indicating a strong recovery trend [2]. Inventory Management - The company has effectively implemented inventory reduction strategies, nearing the end of its inventory destocking phase, with inventory levels returning to rational levels [2][3]. - The core products, "Pinnacle Shede" and "Collection Shede," have maintained stable pricing for ten consecutive years, boosting channel confidence [2]. Operational Efficiency - Total assets increased by 5.12% compared to the end of the previous year, and net cash flow from operating activities surged by 427.77%, reflecting improved financial health [3]. - Management expenses decreased by 19.49%, indicating enhanced operational efficiency [3]. Sales Channels and Market Strategy - E-commerce sales reached 336 million yuan, growing by 31.38%, with significant contributions from internet sales and direct sales channels [4]. - The banquet consumption market saw double-digit growth, driven by strong sales of key products [4]. - The "T68" product line has achieved rapid growth, establishing a strong presence in the mass liquor market [4]. New Product Development - The company plans to launch its first low-alcohol drinking type aged liquor, "Shede Zizai," on August 30, targeting the growing low-alcohol beverage market [7]. - This new product aims to balance low alcohol content with high flavor, catering to consumer preferences for healthier drinking options [7]. Strategic Focus - Shede Liquor is committed to long-term development by focusing on core market stability while actively exploring new growth opportunities [8]. - The company is leveraging its strategic direction to navigate the complexities of the current market environment [8].

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, reflecting ongoing challenges in the liquor industry, particularly in the mid-to-high-end segment [1] Group 1: Financial Performance - Revenue for the first half of 2025 decreased by 17.41% to 2.701 billion yuan [1] - Net profit attributable to shareholders fell by 24.98% to 443 million yuan [1] - Revenue from mid-to-high-end liquor dropped by 24.15% to 1.973 billion yuan, while revenue from ordinary liquor increased by 15.86% to 445 million yuan [1] Group 2: Industry Context - The liquor industry is currently in a deep adjustment phase, with intensified competition and pressure on product sales [1] - Consumer confidence remains in a recovery stage, particularly for mid-to-high-end products [1] Group 3: Strategic Response - The company is implementing a "control volume and support price" strategy to address industry challenges [1] - Efforts are being made to assist distributors in boosting sales and managing channel inventory [1] - There is an increased focus on product upgrades and enhanced market investment in brand building [1] Group 4: Sales Channel Performance - Revenue from wholesale and agency channels decreased by 23.72% to 2.082 billion yuan [1] - E-commerce sales revenue grew by 31.38% to 336 million yuan [1]

人民财讯8月22日电，据e公司记者了解到，面对当前低度酒饮市场的高速增长，舍得酒业（600702）快 速跟进，将于8月30日发布首款低酒度畅饮型老酒"舍得自在"。据悉，该款新品为29度舍得老酒，主 打"轻负担、更醇柔"，达成了低酒度与高风味的平衡。舍得酒业表示，该新品不仅填补了低酒度高风味 老酒细分市场的空白，也将完善并升级公司产品结构布局，助力拓宽白酒消费新人群与新场景，为下半 年业绩增长注入新动能。 ...

格隆汇8月22日｜舍得酒业(600702.SH)公告称，2025年上半年实现营业收入27.01亿元，同比下降 17.41%；实现净利润4.43亿元，同比下降24.98%。 ...

舍得酒业股份有限公司 2025 年半年度报告 公司代码：600702 公司简称：舍得酒业 舍得酒业股份有限公司 2025 年半年度报告 1 / 151 舍得酒业股份有限公司 2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、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、 公司负责人蒲吉洲、主管会计工作负责人钟龄瑶及会计机构负责人（会计主管人员）张小清声明： 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 本报告中所涉及的未来计划、发展战略等前瞻性陈述不构成公司对投资者的实质承诺，敬请投资 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 公司不存在特别重大风险。公司已在本报告"第三节管理层讨论与分析"章节阐述了公司可能面 对的风险，敬请投资者予以关注 ...

舍得酒业股份有限公司 证券代码：600702 证券简称：舍得酒业 公告编号：2025-042 2025 年半年度经营数据公告 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》的相关规定，现将公司 2025 年半年度主要经营数据（未经审计） 公告如下： 一、公司 2025 年半年度主要经营情况 （一）酒类产品按产品档次分类情况 （二）酒类产品按销售渠道分类情况 （三）酒类产品按地区分类情况 单位：万元 币种：人民币 单位：万元 币种：人民币 产品名称 2025 年 1－6 月销售收入 2024 年 1－6 月销售收入 增减变动幅度（%） 中高档酒 197,327.95 260,148.07 -24.15 普通酒 44,491.86 38,401.29 15.86 合计 241,819.81 298,549.36 -19.00 单位：万元 币种：人民币 渠道类型 2025 年 1－6 月销售收入 2024 年 1－6 月销售收入 增减变动幅度 ...

Group 1 - The company Shéde Liquor Industry reported a revenue of 2.701 billion yuan for the first half of 2025, representing a year-on-year decline of 17.41% [1] - The net profit for the same period was 443 million yuan, showing a year-on-year decrease of 24.98% [1]

Core Viewpoint - The liquor sector experienced a rise of 0.87% on August 22, with *ST Rock leading the gains, while the Shanghai Composite Index rose by 1.45% and the Shenzhen Component Index increased by 2.07% [1]. Group 1: Liquor Sector Performance - The top-performing stock in the liquor sector was *ST Rock, closing at 6.72 with a gain of 5.00% and a trading volume of 51,800 shares [1]. - Other notable performers included Sharde Wine V, which closed at 60.91 with a 2.72% increase, and Gujing Gongjiu, which rose by 2.57% to close at 164.33 [1]. - The overall trading volume for the liquor sector was significant, with Guizhou Moutai achieving a trading volume of 45,000 shares and a closing price of 1463.95, reflecting a 1.08% increase [1]. Group 2: Capital Flow Analysis - The liquor sector saw a net inflow of main funds amounting to 30.83 million yuan, while retail investors contributed a net inflow of 24.6 million yuan [2]. - Conversely, there was a net outflow of 277 million yuan from speculative funds, indicating a mixed sentiment among different types of investors [2]. - The overall capital flow dynamics suggest a strong interest from retail investors despite the outflow from speculative funds [2].

Group 1 - The core viewpoint of the news is that Shede Liquor has experienced fluctuations in stock price and trading volume, with a recent increase in share price despite a year-to-date decline [1] - As of August 22, Shede Liquor's stock price rose by 2.01% to 60.49 CNY per share, with a trading volume of 5.22 billion CNY and a market capitalization of 201.51 billion CNY [1] - The net inflow of main funds was 13.78 million CNY, with significant buying and selling activity from large orders [1] Group 2 - For the year-to-date, Shede Liquor's stock price has decreased by 7.66%, but it has seen gains of 11.98% over the last five trading days, 12.81% over the last twenty days, and 13.11% over the last sixty days [1] - As of March 31, the number of shareholders for Shede Liquor was 130,600, a decrease of 0.29% from the previous period, while the average circulating shares per person increased by 0.29% to 2,546 shares [2] - In the first quarter of 2025, Shede Liquor reported a revenue of 1.576 billion CNY, a year-on-year decrease of 25.14% [2]