融资融券数据显示，该股最新（4月1日）两融余额为1.33亿元，其中，融资余额为1.33亿元，融券余额 为0.33万元。近5日融资余额合计减少198.49万元，降幅为1.47%。融券余额合计增加174.00元，增幅 5.53%。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即买二，合计净买入1508.11万元，沪股 通为第一大买入营业部及第一大卖出营业部，买入金额为3652.43万元，卖出金额为3352.53万元，合计 净买入299.90万元。 资金流向方面，今日该股主力资金净流入5261.54万元，其中，特大单净流入5089.02万元，大单资金净 流入172.52万元。近5日主力资金净流入5709.54万元。 会稽山(601579)今日涨停，全天换手率8.96%，成交额5.17亿元，振幅4.64%。龙虎榜数据显示，机构净 买入1508.11万元，沪股通净买入299.90万元，营业部席位合计净买入739.58万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.98%上榜，机构专用席位净买入1508.11万元，沪股 通净买入299.90万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成 ...

Group 1: Company Performance - Western Gold achieved operating revenue of 7.001 billion yuan in 2024, a year-on-year increase of 56.68%, and net profit of 290 million yuan, turning from loss to profit [1] - Jihong Co. reported operating revenue of 5.529 billion yuan in 2024, a year-on-year decrease of 17.41%, with net profit down 47.28% to 182 million yuan [2] - Sanli Co. achieved operating revenue of 227 million yuan in 2024, a year-on-year increase of 14.35%, but reported a net loss of 49.88 million yuan, narrowing the loss by 56.50% [2] - Sanli Co. reported operating revenue of 2.590 billion yuan in 2024, a year-on-year increase of 25.25%, with net profit of 68.09 million yuan, up 59.07% [4] - Huaiqi Mountain achieved operating revenue of 1.631 billion yuan in 2024, a year-on-year increase of 15.60%, with net profit of 196 million yuan, up 17.74% [6] - Huayuan Holdings reported operating revenue of 2.449 billion yuan in 2024, a year-on-year increase of 1.60%, with net profit of 70.74 million yuan, up 739% [8] - Hangfa Power achieved operating revenue of 47.880 billion yuan in 2024, a year-on-year increase of 9.48%, but net profit decreased by 39.48% to 860 million yuan [10] - Zhongcai Energy reported operating revenue of 2.324 billion yuan in 2024, a year-on-year decrease of 24.21%, with net profit down 94.70% to 760,240 yuan [10] - Longxing Technology achieved operating revenue of 4.355 billion yuan in 2024, a year-on-year increase of 1.95%, with net profit of 142 million yuan, up 28.70% [11] - Jinying Co. reported operating revenue of 1.308 billion yuan in 2024, a year-on-year decrease of 4.52%, with net profit down 36.73% to 22.35 million yuan [12] - Zhujiang Co. achieved operating revenue of 1.558 billion yuan in 2024, a year-on-year decrease of 52.38%, but net profit turned to profit at 15.57 million yuan [12] - Chuanwang Media reported operating revenue of 288 million yuan in 2024, a year-on-year increase of 20.05%, but net profit decreased by 24.02% to 23.80 million yuan [13] - Ronglian Technology achieved operating revenue of 2.022 billion yuan in 2024, a year-on-year decrease of 14.91%, with net profit of 28.11 million yuan, up 107.87% [13] - Oufeiguang reported operating revenue of 20.437 billion yuan in 2024, a year-on-year increase of 21.19%, but net profit decreased by 24.09% to 58.38 million yuan [14] Group 2: Dividend Proposals - Western Gold proposed a cash dividend of 0.5 yuan per 10 shares [1] - Jihong Co. proposed a cash dividend of 1.58 yuan per 10 shares [2] - Sanli Co. proposed a cash dividend of 1.50 yuan per 10 shares [4] - Huaiqi Mountain proposed a cash dividend of 4.00 yuan per 10 shares [6] - Huayuan Holdings proposed a cash dividend of 1.00 yuan per 10 shares [8] - Hangfa Power proposed a cash dividend of 0.97 yuan per 10 shares [10] - Zhongcai Energy proposed a cash dividend of 0.05 yuan per 10 shares [10] - Longxing Technology proposed a cash dividend of 1.20 yuan per 10 shares [11] - Jinying Co. proposed a cash dividend of 1.00 yuan per 10 shares [12] - Zhujiang Co. proposed a cash dividend of 1.25 yuan per 10 shares [12] - Chuanwang Media proposed a cash dividend of 1.25 yuan per 10 shares [13] - Ronglian Technology proposed a cash dividend of 0.0425 yuan per share [13] - Oufeiguang proposed a cash dividend of 0.0178 yuan per share [14]

潮新闻客户端 记者 陈棠棣 2024年3月31日，会稽山绍兴酒股份有限公司发布公告，宣布对旗下多款核心产品销售价格进行调整。从公告中了解，纯正系列黄酒产品提价幅度为4%— 5%，三年陈系列黄酒提价幅度为6%—9%，坛装系列、花雕系列黄酒产品提价幅度为1%-9%， 新价格自2025年4月1日起按各产品调价通知执行。 会稽山黄酒涨价公告 公告指出，本次部分产品调价归结于酒类市场竞争激烈及成本上涨因素，产品调价不一定使公司利润实现增长。这一动作迅速引发行业热议，会稽山为什么 涨价？消费者是否会买单？背后折射出哪些深层变革逻辑？ 图源由会稽山黄酒提供 消费者是否愿意买单？ 政策托底与成本倒逼，黄酒价值回归势在必行 潮新闻记者上网查询了下，目前根据《中国酒业"十四五"发展指导意见》，2025年黄酒行业销售收入与利润将分别实现年均6.8%和18.9%的增速。这一目标 背后，是政策对黄酒产业"国粹"地位的明确支持，以及行业长期价值被低估的现实倒逼。 会稽山相关负责人告诉记者，目前黄酒的主要原料糯米价格约为高粱的10倍，但市场售价却远低于白酒，过去曾深陷低价竞争泥潭，主流产品价格长期徘徊 在数十元区间，企业利润微薄导致行业创 ...

Core Viewpoint - The company Kuaijishan reported a revenue growth of 15.6% to 1.631 billion yuan and a net profit increase of 17.74% to 196 million yuan for the year 2024 [1] Revenue Breakdown - Revenue from mid-to-high-end liquor increased by 31.29% to 1.065 billion yuan, while revenue from ordinary yellow wine and other liquors declined by 7.94% to 518 million yuan [1][2] - The overall revenue from the liquor segment was approximately 1.582 billion yuan, with a gross margin of 52.75%, reflecting a year-on-year increase of 15.22% [2] Cost and Profitability - The cost of sales for mid-to-high-end liquor was approximately 409 million yuan, resulting in a gross margin of 61.57%, which is an increase of 6.80% year-on-year [2] - The cost of sales for ordinary yellow wine was around 339 million yuan, with a gross margin of 34.62%, showing a slight decrease of 1.39% year-on-year [2] Regional Performance - Domestic revenue was approximately 1.572 billion yuan with a gross margin of 52.87%, while international revenue was about 10.57 million yuan, achieving a gross margin of 34.66% [2] Sales Model Analysis - Revenue from wholesale and agency sales was around 1.270 billion yuan, with a gross margin of 52.41%, while direct sales (including group purchases) generated approximately 302 million yuan with a gross margin of 54.82% [2] Strategic Initiatives - The company is focusing on core markets and implementing strategies such as product structure adjustments, packaging optimization, and enhanced price control to boost market share [4] - The company is expanding its e-commerce presence through collaborations with platforms like Xiaohongshu, Douyin, Tmall, and JD, aiming to increase online sales and customer engagement [4] - The company is targeting high-end business consumers by establishing Lanting tasting halls and hosting exclusive cultural events to enhance the market share of its high-end Lanting series products [5]

4月1日，会稽山发布2024年年报，公司期内实现营业收入16.31亿元，同比增长15.6%；实现归属于上市公司股东的净利润1.96亿元，同比增长17.74%。 会稽山营收增长，得益于销售增长，特别是线上销售的攀升。增长背后，公司销售费用也大增。《每日经济新闻·将进酒》记者注意到，去年公司销售人员 增加超百人，同时，广告宣传促销费同比翻倍。 此外，股东方面，公司年报显示，阿布达比投资局在报告期末位列公司第四大股东，持股数量为540万股。线上销售收入大增近90% 从产品结构来看，2024年，会稽山中高档酒营业收入为10.65亿元，同比增长31.29%，普通黄酒及其他酒营业收入为5.18亿元，同比下降7.94%。 "全力优化营销策略，推动业务增长。"会稽山在年报中称，报告期内，公司持续深化会稽山、兰亭双品牌双事业部运行战略，整合产品、定价、品牌、渠 道、激励等要素资源，逐步夯实销售基础，线上线下创新发力，推动新兴渠道与传统渠道的联动营销。 图片来源：每日经济新闻 资料图 对此，会稽山表示，公司加大线上营销力度，线上发力电商先行，通过网店立体式升级改版、淘宝店播等多元化手段，链接相关资源，以年轻人更容易接受 的电商渠 ...

新价格自2025年4月22日起按各产品调价通知执行。 古越龙山表示，本次上调部分重点产品销售价格有助于提升黄酒品类的市场价值认同，但对公司未来经 营业绩产生的影响尚存在不确定性，敬请广大投资者注意投资风险。 古越龙山表示，本次上调部分重点产品销售价格有助于提升黄酒品类的市场价值认同，但对公司未来经 营业绩产生的影响尚存在不确定性。 4月1日晚，古越龙山发布关于部分产品提价的公告称，鉴于部分产品包装及配方优化调整，为进一步提 高公司的品牌力和竞争力，结合目前产品市场供需状况，经公司研究并审慎考虑后决定，对公司部分重 点产品的销售价格进行调整。 其中，彩包花雕（加饭）系列黄酒产品提价幅度为2%-5%，清醇三年系列黄酒产品提价幅度为4%-8%， 部分坛酒系列黄酒产品提价幅度为8%-9%，部分五年陈系列黄酒产品提价幅度为5%-12%，部分青花醉 产品提价幅度为2%-5%，女儿红桶装酒系列黄酒产品提价幅度为3%-5%，女儿红老酒系列黄酒产品提价 幅度为2%-5%。 值得注意的是，3月31日晚，会稽山发布关于公司部分重点产品提价的公告。会稽山公告，公司基于人 工和企业运营成本等上涨因素，结合目前公司产品市场供需状况，经公 ...

Core Viewpoint - The recent price increases by Gu Yue Long Shan and Kuaiji Mountain reflect a broader trend in the yellow wine industry, driven by rising operational costs and market demand adjustments [1][6][7]. Price Adjustments - Gu Yue Long Shan announced price increases for several key products, with adjustments ranging from 2% to 12% depending on the product category, effective from April 22 [1]. - Specific price increases include: - Cai Bao Hua Diao (Jia Fan) series: 2% to 5% - Qing Chun San Nian series: 4% to 8% - Certain Tan Jiu series: 8% to 9% - Certain Wu Nian Chen series: 5% to 12% - Certain Qing Hua Zui products: 2% to 5% - Nu Er Hong barrel series: 3% to 5% - Nu Er Hong old wine series: 2% to 5% [1]. Market Context - Kuaiji Mountain also raised prices for its products, with increases of 1% to 9% across various series, effective from April 1 [6]. - The price of Kuaiji Mountain's strategic product "Pure Five Year" is expected to increase by approximately 1 yuan per bottle [6]. Historical Context - This marks the first price increase for both Gu Yue Long Shan and Kuaiji Mountain in several years, with Gu Yue Long Shan's last increase in May 2019 and Kuaiji Mountain's in December 2016 [7]. - In 2018, Gu Yue Long Shan had a price increase of 10% for certain products, which generated significant sales revenue [7]. Market Reaction - Following the price adjustments, Kuaiji Mountain's stock saw a maximum intraday increase of 8.7%, closing up 5.83%, while Gu Yue Long Shan's stock closed up 1.93% [8].

Core Viewpoint - The financial performance of Kuaijishan in 2024 shows significant growth, but the effectiveness of the recent price increase strategy remains uncertain [1][7]. Group 1: Financial Performance - Kuaijishan reported total revenue of 1.631 billion yuan in 2024, representing a year-on-year increase of 15.60% [1]. - The net profit attributable to shareholders reached 196 million yuan, marking a year-on-year growth of 17.74% [1]. - The gross profit for 2024 was 850 million yuan, with a gross margin of 52.10%, an increase from 46.90% in 2023, yet still below the industry average [4]. Group 2: Management and Cost Efficiency - The company has implemented comprehensive management reforms to enhance operational efficiency, including a process-driven management model and a budget management system [4]. - Despite improvements in management, Kuaijishan faces significant cost pressures, primarily due to rising labor and operational costs [4]. Group 3: Brand Development and Market Expansion - Kuaijishan has made progress in brand building, enhancing the recognition and reputation of the Lanting brand through high-end collaborations and events [5]. - However, market expansion remains a challenge, as the consumption of yellow wine is concentrated in the Jiangsu, Zhejiang, and Shanghai regions, with external markets facing issues such as business closures and shrinking market size [5][6]. Group 4: Pricing Strategy - The company has announced price increases for key products, with increases ranging from 1-9% depending on the product line [7]. - The impact of this pricing strategy on sales volume and future performance is uncertain, as historical data shows mixed results from previous price increases [7].

目 录 | 一、审计报告……………………………………………………… 第 | 1—6 | 页 | | --- | --- | --- | | 二、财务报表……………………………………………………… 第 7—14 | | 页 | | （一）合并资产负债表…………………………………………… | 第 | 7 页 | | （二）母公司资产负债表………………………………………… | 第 | 8 页 | | （三）合并利润表………………………………………………… | 第 | 9 页 | | （四）母公司利润表………………………………………………第 | 10 | 页 | | （五）合并现金流量表……………………………………………第 | 11 | 页 | | （六）母公司现金流量表…………………………………………第 | 12 | 页 | | （七）合并所有者权益变动表……………………………………第 | 13 | 页 | | （八）母公司所有者权益变动表…………………………………第 | 14 | 页 | | | | 审 计 报 告 天健审〔2025〕1558 号 会稽山绍兴酒股份有限公司全体股东： 一、审计意见 我们审计了会稽山 ...

目 录 一、内部控制审计报告…………………………………………第 1—2 页 内部控制审计报告 天健审〔2025〕1560 号 会稽山绍兴酒股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了会稽山绍兴酒股份有限公司（以下简称会稽山公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是会稽 山公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，会稽山公司于 2024 年 12 月 31 日按照《企业内部控制基本规 ...