1月13日会稽山公开信息显示，刘勇因涉嫌违反证券法律法规,未依法履行其他职责被中国证券监督管理 委员会处罚。 公司公告汇总 会稽山绍兴酒股份有限公司董事会于2026年1月12日收到独立董事刘勇先生的书面辞呈，其因个人原因 申请辞去公司第六届董事会独立董事、审计委员会召集人、薪酬与考核委员会成员职务，辞任后不再担 任公司任何职务。刘勇先生任职期间与公司无意见分歧，未持有公司股票，不存在未履行的承诺。其辞 职将导致公司独立董事比例不足及审计委员会成员人数不足，公司将按规定尽快补选。公司对刘勇先生 任职期间的贡献表示感谢。 截至2026年1月16日收盘，会稽山（601579）报收于20.56元，较上周的20.85元下跌1.39%。本周，会稽 山1月13日盘中最高价报21.55元。1月15日盘中最低价报20.26元。会稽山当前最新总市值98.58亿元，在 非白酒板块市值排名7/16，在两市A股市值排名2075/5183。 本周关注点 违规处罚提醒 1月13日会稽山公开信息显示，刘勇因涉嫌违反证券法律法规,未依法履行其他职责被中国证券监督管理 委员会处罚。 监管公告 会稽山绍兴酒股份有限公司近日收到独立董事刘勇先生的通 ...

1月15日，会稽山跌2.25%，成交额1.75亿元。两融数据显示，当日会稽山获融资买入额1165.98万元， 融资偿还1102.84万元，融资净买入63.14万元。截至1月15日，会稽山融资融券余额合计5.74亿元。 融资方面，会稽山当日融资买入1165.98万元。当前融资余额5.74亿元，占流通市值的5.86%，融资余额 低于近一年40%分位水平，处于较低位。 融券方面，会稽山1月15日融券偿还200.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量1.43万股，融券余额29.19万元，超过近一年90%分位水平，处于高位。 资料显示，会稽山绍兴酒股份有限公司位于浙江省绍兴市柯桥区湖塘街道杨绍路2579号，成立日期1993 年10月18日，上市日期2014年8月25日，公司主营业务涉及绍兴黄酒、黄酒的生产、销售和研发。主营 业务收入构成为：黄酒75.67%，其他24.33%。 截至9月30日，会稽山股东户数2.99万，较上期增加14.94%；人均流通股16025股，较上期减少13.00%。 2025年1月-9月，会稽山实现营业收入12.12亿元，同比增长14.12%；归母净利润1. ...

Market Overview - The non-white liquor sector experienced a decline of 0.45% on January 15, with Kuaijishan leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index rose by 0.41% to 14306.73 [1] Stock Performance - Notable gainers in the non-white liquor sector included: - *ST Yedao: Closed at 6.44, up 3.21% with a trading volume of 86,100 shares and a turnover of 54.65 million yuan [1] - ST Xifa: Closed at 10.83, up 2.75% with a trading volume of 54,700 shares and a turnover of 58.89 million yuan [1] - *ST Lanhong: Closed at 9.71, up 1.68% with a trading volume of 31,700 shares and a turnover of 30.79 million yuan [1] - Conversely, Kuaijishan saw a decline of 2.25%, closing at 20.41 with a trading volume of 85,300 shares and a turnover of 175 million yuan [2] Capital Flow Analysis - The non-white liquor sector experienced a net outflow of 5.02 million yuan from institutional investors and 10.70 million yuan from retail investors, while retail investors saw a net inflow of 15.72 million yuan [2] - Key capital flows for selected stocks included: - Jinfeng Wine Industry: Net inflow of 11.50 million yuan from institutional investors, but a net outflow of 6.69 million yuan from retail investors [3] - *ST Yedao: Net inflow of 10.16 million yuan from institutional investors, with a net outflow of 6.46 million yuan from retail investors [3] - ST Xifa: Net inflow of 0.94 million yuan from retail investors, but a net outflow of 0.42 million yuan from institutional investors [3]

Group 1: Company Leadership Changes - Zhang Yong has returned to the CEO position of Haidilao, effective January 13, 2026, following the resignation of Guo Yiqun as CEO [1] - Zhang Yong previously handed over the CEO role to Yang Lijuan in March 2022, and Guo Yiqun took over in June 2024 [1] - The leadership change comes as Haidilao faces performance challenges, with a 3.0% year-on-year revenue decline to 20.703 billion yuan and a 13.7% drop in net profit to 1.755 billion yuan in the first half of 2025 [1] Group 2: Industry Context - The Chinese restaurant industry is experiencing a slowdown, with revenue growth decelerating, profits declining, and competition intensifying, as reported by the China Cuisine Association [1] - Competitors like Xiaobai Xiaobai reported an 18.88% revenue decline to 1.942 billion yuan and a net loss of 84 million yuan in the same period [1] Group 3: Strategic Initiatives - Zhang Yong's return is linked to the "Pomegranate Plan," a multi-brand incubation strategy launched in August 2024, aimed at creating a second growth curve for Haidilao [2] - As of June 2025, the "Pomegranate Plan" has incubated 14 restaurant brands, generating a 227% year-on-year revenue increase to 600 million yuan from related businesses [2] - The company is at a critical transformation juncture, with Zhang Yong becoming more involved in operational details [2]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601579 | 会稽山 | 20.74 | -2.35% | 11.49万 | 2.42亿 | | 002568 | 自润股份 | 22.00 | -1.79% | 8.69万 | 1.93亿 | | 600238 | *ST椰岛 | 6.27 | -1.26% | 6.84万 | 4307.04万 | | 000752 | ST西发 | 10.58 | -1.12% | 3.67万 | 3878.56万 | | 600573 | 惠泉啤酒 | 12.03 | -0.91% | 10.40万 | 1.26 Z | | 600059 | 古越龙山 | 9.32 | -0.85% | 12.00万 | 1.12亿 | | 600616 | 全枫酒业 | 5.45 | -0.73% | 13.79万 | 7583.65万 | | 600600 | 顾思明如 | 62.66 | -0.68% | 5.00万 | 3.14亿 | | 600132 | 重庆 ...

证券代码：601579 证券简称：会稽山 公告编号：2026-003 重要内容提示： 会稽山绍兴酒股份有限公司 关于公司独立董事离任的公告 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。 特此公告。 会稽山绍兴酒股份有限公司董事会 会稽山绍兴酒股份有限公司（以下简称公司）董事会于2026年1月12日收到独立董事刘勇先生递交的书 面辞呈。刘勇先生因个人原因，申请辞去公司第六届董事会独立董事、审计委员会召集人、薪酬与考核 委员会成员。刘勇先生辞去上述职务后，将不在公司担任任何职务。 一、董事离任情况 (一)提前离任的基本情况 ■ (二)离任对公司的影响 公司董事会于2026年1月12日收到公司独立董事刘勇先生递交的书面辞呈，刘勇先生因个人原因，申请 辞去公司第六届董事会独立董事、审计委员会召集人、薪酬与考核委员会成员。刘勇先生辞去上述职务 后，将不在公司担任任何职务。刘勇先生在其任职期间，与公司、董事会无意见分歧，亦不存在与其辞 任有关的其他事宜需提请公司股东和债权人注意。刘勇先生将按照公司相关规定做好交接工作，其辞任 不会影响公 ...

Investment Rating - The industry investment rating is "Positive" and is maintained [8] Core Viewpoints - The liquor sector is currently experiencing a phase of "supply optimization and weak demand recovery," with inventory destocking ongoing in Q4. Short-term price recovery is expected due to controlled supply from Moutai, with attention on Spring Festival sales and inventory movement [2][5] - The demand for mass-market products is expected to show marginal improvement, with January anticipated to see a strong start due to delayed Spring Festival stocking [2][5] - The report recommends focusing on products with strong seasonal effects and high performance realization, particularly in sectors like leisure snacks, restaurant supply chains, condiments, soft drinks, and dairy products [4][26] Summary by Sections Spring Festival Stocking Strategy - The Spring Festival stocking strategy should focus on products with strong seasonal effects and high performance realization. The timing of the Spring Festival can impact the performance of listed companies, especially in years when it falls later in the calendar [4][15] - Products with clear gifting scenarios and positive market sentiment in specific segments are prioritized for opportunity selection. The continuation of the post-Spring Festival market will depend on actual sales and positive Q1 performance feedback [4][26] CPI Trends - The food CPI has been strengthening since December, surpassing service and overall CPI. This trend is supported by supply clearing in certain items and seasonal demand recovery, which together bolster price improvements [32][34] - The CPI-PPI differential remains positive, supporting the continued improvement in profitability for food manufacturing companies [37] Market Performance Review - Since the beginning of 2026, the food and beverage index has increased by 2.21%, lagging behind the CSI 300, which rose by 2.79%. The performance of the liquor sector has remained stable, while the dairy sector has seen declines [6][40] - Soft drinks and leisure snacks have led the market in terms of growth related to Spring Festival stocking, while dairy and meat products have experienced declines [6][40] Industry Dynamics - The industry is increasingly focused on value deepening and structural optimization. Companies are prioritizing supply-demand balance, healthy pricing systems, and profit structure improvements rather than merely pursuing sales growth [7][46] - Food safety and supply chain resilience remain foundational to brand trust, highlighted by recent global recalls and supply chain disruptions [7][46]

证券代码：601579 证券简称：会稽山 公告编号：2026-002 会稽山绍兴酒股份有限公司 关于独立董事因非本公司事项收到 《行政处罚决定书》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个别及连带责任。 刘勇先生自 2023 年 2 月以来担任公司独立董事，上述行政处罚事项与本公 司无关，不会对本公司的日常经营活动产生影响。 特此公告。 会稽山绍兴酒股份有限公司董事会 二〇二六年一月十三日 会稽山绍兴酒股份有限公司（以下简称公司）近日收到独立董事刘勇先生的 通知，其于近日收到中国证券监督管理委员会下发的《行政处罚决定书》（[2025] 153 号）。因公证天业会计师事务所(特殊普通合伙)在苏州华道生物药业股份有 限公司创业板首次公开发行股票并上市的执业违法行为，依据《中华人民共和国 证券法》第二百一十三条第三款的规定，刘勇先生作为直接负责的主管人员，被 给予警告，并处以 40 万元罚款。 ...

证券代码：601579 证券简称：会稽山 公告编号：2026-003 一、董事离任情况 (一) 提前离任的基本情况 | 姓名 | 离任职 务 | 离任时间 | 原定任期 到期日 | 离任原因 | 是否继续在 上市公司及 其控股子公 司任职 | 具体职务 （如适用） | 是否存 在未履 行完毕 的公开 承诺 | | --- | --- | --- | --- | --- | --- | --- | --- | | 刘勇 | 独立董 | 2026 年 1 | 2026 年 2 | 个人原因 | 否 | 不适用 | 否 | | | 事、董事 | 月 12 日 | 月 22 日 | | | | | | | 会专门 | | | | | | | | | 委员会 | | | | | | | | | 相关职 | | | | | | | | | 务 | | | | | | | (二) 离任对公司的影响 公司董事会于 2026 年 1 月 12 日收到公司独立董事刘勇先生递交的书面辞呈， 刘勇先生因个人原因，申请辞去公司第六届董事会独立董事、审计委员会召集人、 薪酬与考核委员会成员。刘勇先生辞去上述职务后，将不在公司担任任何职务 ...

Investment Rating - The report maintains a "Recommendation" rating for the food and beverage industry, indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [26]. Core Insights - The report emphasizes that the remaining brands in the sauce liquor sector will thrive, while mass-market products are expected to benefit from the upcoming Spring Festival [2][8]. - The dairy sector is showing signs of improvement, with a potential rebound in raw milk prices and a narrowing supply-demand gap, which could lead to increased demand for processed dairy products [6]. - The beverage and snack categories are experiencing sustained growth, with specific segments like energy drinks and konjac snacks showing remarkable sales increases despite overall declines in the snack market [6]. - The report highlights a significant shift in the sauce liquor industry, where pricing strategies are becoming more pragmatic, with a new growth level emerging around the 200 yuan price point as lower-tier brands face market exit pressures [6][8]. - The report suggests that leading liquor companies should maintain operational stability during this industry downturn, focusing on balanced investments in base liquor to prepare for future market recovery [8]. Summary by Sections Industry Overview - The food and beverage sector consists of 126 listed companies with a total market capitalization of 44,935.30 billion yuan, representing 3.54% of the market [3]. - The circulating market value stands at 43,859.19 billion yuan, accounting for 4.28% of the total market [3]. Performance Metrics - The absolute performance of the industry over the past month is 1.3%, with a relative performance decline of 2.2% compared to the benchmark [4]. - Over the past 12 months, the industry has seen a relative performance decline of 25.2% [4]. Sector-Specific Insights - Dairy products are expected to benefit from a favorable pricing environment and improved supply dynamics, with major companies actively preparing for the Spring Festival [6]. - The beverage sector is witnessing growth in specific categories, with leading brands launching targeted marketing campaigns for the holiday season [6]. - The sauce liquor market is undergoing a consolidation phase, with a focus on brand strength and market share recovery among leading companies [6][8].