从销售区域来看，1—9月口子窖主要依赖于省内市场。财报数据显示，前三季度口子窖在安徽省内、省 外分别实现销售收入35.55亿元、6.96亿元，同比下降27.24%、23.93%。 对于归母净利下降原因，口子窖在公告中指出，年初至报告期末内营业收入减少，同时为保证公司运营 及市场持续投入，管理费用、销售费用下降幅度均小于营业收入下降幅度致利润总额下降幅度较大。 从各档位产品来看，前三季度口子窖高档与中档白酒产品呈现不同程度下滑情况。财报数据显示，1—9 月口子窖高档白酒、中档白酒以及低档白酒分别实现销售收入41.12亿元、0.49亿元、0.91亿元，同比增 长-27.98%、-15.38%以及25.09%。 北京商报讯（记者 刘一博 冯若男）10月28日，安徽口子酒业股份有限公司（以下简称"口子窖"）发布 《2025年第三季度报告》显示，1—9月公司实现营业收入31.74亿元，同比下降27.24%；实现归属于上 市公司股东的净利润为7.42亿元，同比下降43.39%；实现经营活动产生的现金流量净额为-3.9亿元，同 比下降208.91%。 ...

Core Viewpoint - Kouzi Jiao reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in the company's financial performance [1][2]. Financial Performance - The company's revenue for the first three quarters was 3.174 billion yuan, a year-on-year decrease of 27.24% [1]. - The net profit attributable to shareholders was 742 million yuan, down 43.39% year-on-year [1]. - The basic earnings per share were 1.24 yuan [1]. - The gross profit margin for the first three quarters was 70.96%, a decrease of 3.81 percentage points year-on-year [2]. - The net profit margin was 23.38%, down 6.67 percentage points compared to the same period last year [2]. Quarterly Analysis - In Q3 2025, the gross profit margin was 62.66%, a decline of 9.25 percentage points year-on-year and 2.52 percentage points quarter-on-quarter [2]. - The net profit margin for Q3 was 4.20%, down 26.09% year-on-year and 10.31 percentage points from the previous quarter [2]. Expense Management - Total operating expenses for Q3 were 785 million yuan, a decrease of 133 million yuan year-on-year [2]. - The expense ratio was 24.74%, an increase of 3.69 percentage points year-on-year [2]. - Sales expenses decreased by 17.52% year-on-year, while management expenses increased by 1.23% [2]. - R&D expenses rose by 26.03%, and financial expenses decreased significantly by 936.28% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 73,100, an increase of 1,190 or 1.65% from the end of the previous half [2]. - The average market value per shareholder decreased from 290,200 yuan to 273,100 yuan, a decline of 5.91% [2]. Company Overview - Kouzi Jiao is located in Huai Bei City, Anhui Province, and was established on December 26, 2002, with its IPO on June 29, 2015 [3]. - The company's main business involves the production and sale of liquor, with high-end liquor accounting for 94.22% of revenue [3]. - The company belongs to the food and beverage industry, specifically in the liquor sector [3].

证券代码：603589 证券简称：口子窖 公告编号：2025-037 安徽口子酒业股份有限公司 1、按产品档次分类情况： 注：上述表格合计数差异系四舍五入尾差所致。 2、按销售渠道分类情况： 单位：万元币种：人民币 | 渠道类型 | 2025 年 1－9 | 月 | 2024 | 年 1－9 | 月 | 增减变动幅度（%） | | --- | --- | --- | --- | --- | --- | --- | | | 销售收入 | | | 销售收入 | | | | 直销（含团购） | 22,215.86 | | | 13,469.32 | | 64.94 | | 批发代理 | 289,421.24 | | | 411,693.21 | | -29.70 | | 合计 | 311,637.10 | | | 425,162.53 | | -26.70 | 单位：万元币种：人民币 产品名称 2025 年 1－9 月 销售收入 2024 年 1－9 月 销售收入 增减变动幅度（%） 高档白酒 296,137.17 411,191.93 -27.98 中档白酒 4,130.47 4,881.47 -15.38 低档 ...

格隆汇10月28日丨口子窖(603589.SH)公布，2025年第三季度实现营业收入6.43亿元，同比下降 46.23%；归属于上市公司股东的净利润2696.51万元，同比下降92.55%；基本每股收益0.04元。前三季 度实现营业收入31.74亿元，同比下降27.24%；归属于上市公司股东的净利润7.42亿元，同比下降 43.39%；基本每股收益1.24元。 ...

每经头条（nbdtoutiao）——A股突破4000点！十年沉寂终迎爆发，科技主线重塑市场，"慢牛"新格局开 启！ （记者 王晓波） 每经AI快讯，口子窖（SH 603589，收盘价：32.67元）10月28日晚间发布三季度业绩公告称，2025年前 三季度营收约31.74亿元，同比减少27.24%；归属于上市公司股东的净利润约7.42亿元，同比减少 43.39%；基本每股收益1.24元，同比减少43.38%。 截至发稿，口子窖市值为195亿元。 ...

Core Insights - The company reported a significant decline in revenue and net profit for the third quarter and the first three quarters of the year [1] Financial Performance - Third quarter revenue was 643 million yuan, a year-on-year decrease of 46.23% [1] - Net profit attributable to shareholders for the third quarter was 26.97 million yuan, down 92.55% year-on-year [1] - Revenue for the first three quarters totaled 3.174 billion yuan, reflecting a year-on-year decline of 27.24% [1] - Net profit attributable to shareholders for the first three quarters was 742 million yuan, a decrease of 43.39% year-on-year [1]

Financial Performance - The company's operating revenue for the third quarter was ¥642,711,109.58, a decrease of 46.23% compared to the same period last year[4]. - The total profit for the third quarter was ¥22,352,266.98, reflecting a significant decline of 95.15% year-over-year[4]. - The net profit attributable to shareholders for the third quarter was ¥26,965,057.17, down 92.55% from the previous year[4]. - The basic earnings per share for the third quarter was ¥0.04, a decline of 93.44% year-over-year[5]. - The company experienced a 44.31% decline in total profit for the year-to-date period, attributed to a significant drop in operating revenue[9]. - Total operating revenue for the first three quarters of 2025 was approximately ¥3.17 billion, a decrease of 27% compared to ¥4.36 billion in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was approximately ¥742 million, a decrease of 43% compared to ¥1.31 billion in the same period of 2024[20]. - Operating profit for the first three quarters of 2025 was approximately ¥970 million, compared to ¥1.75 billion in 2024, indicating a decline of about 44%[19]. - Basic earnings per share for the first three quarters of 2025 was ¥1.24, down from ¥2.19 in the same period of 2024[20]. Cash Flow and Assets - The cash flow from operating activities showed a negative net amount of ¥7,470,814.56, a decrease of 102.11% compared to the same period last year[5]. - Cash flow from operating activities for the first three quarters of 2025 was negative at approximately -¥390 million, contrasting with a positive cash flow of ¥358 million in 2024[23]. - Cash flow from investing activities generated a net inflow of approximately ¥67 million in 2025, down from ¥426 million in 2024[24]. - Cash flow from financing activities resulted in a net outflow of approximately -¥842 million in 2025, compared to -¥944 million in 2024[24]. - The ending cash and cash equivalents balance for the first three quarters of 2025 was approximately ¥667 million, a decrease from ¥1.24 billion in 2024[24]. - Total assets at the end of the reporting period were ¥12,583,473,981.47, a decrease of 7.87% from the end of the previous year[5]. - The company's current assets totaled CNY 7,364,192,790.91, down from CNY 8,463,617,859.70 in the previous period, indicating a decline of approximately 12.99%[14]. - Cash and cash equivalents were reported at CNY 737,764,226.18, significantly lower than CNY 1,923,389,187.71 from the previous year, a decline of approximately 61.66%[14]. Shareholder Information - The company reported a total of 73,133 common shareholders at the end of the reporting period[11]. - The largest shareholder, Xu Jin, holds 19.41% of the shares, totaling 116,068,568 shares[11]. Liabilities and Equity - Total liabilities decreased to CNY 2,110,197,546.00 from CNY 3,144,578,462.75, representing a reduction of approximately 32.83%[16]. - The company's equity attributable to shareholders was CNY 10,473,276,435.47, slightly down from CNY 10,514,369,954.86, indicating a decrease of about 0.39%[16]. - The company reported a decrease in accounts payable from CNY 376,313,006.93 to CNY 228,656,365.23, a decline of approximately 39.25%[16]. Inventory and Receivables - Inventory increased to CNY 6,217,651,017.12 from CNY 5,853,711,277.14, reflecting a growth of about 6.21%[14]. - Accounts receivable increased to CNY 35,974,325.12 from CNY 14,257,078.01, marking a rise of about 152.36%[14]. Research and Development - The company reported a significant increase in research and development expenses, totaling approximately ¥22 million in 2025, compared to ¥17.6 million in 2024, reflecting a growth of about 25%[19]. Other Information - The average sales price slightly decreased, contributing to a reduction in gross profit margin during the reporting period[9]. - The company has not reported any significant new product developments or market expansions during the reporting period[13]. - Total operating costs for the first three quarters of 2025 were approximately ¥2.23 billion, down from ¥2.68 billion in 2024, reflecting a decrease of about 17%[19]. - The total non-current assets slightly increased to CNY 5,219,281,190.56 from CNY 5,195,330,557.91, reflecting a growth of about 0.46%[15].

口子窖公告，第三季度营收为6.43亿元，下降46.23%；净利润为2696.51万元，下降92.55%。前三季度 营收为31.74亿元，下降27.24%；净利润为7.42亿元，下降43.39%。 ...

Core Viewpoint - Anhui Kouzi Liquor Co., Ltd. has completed the registration of changes in business operations and has reissued its business license following a reduction in registered capital and the cancellation of the supervisory board [1][2]. Group 1: Company Changes - The company held its 11th meeting of the 5th board of directors on August 19, 2025, and the first extraordinary shareholders' meeting on September 5, 2025, where it approved the proposal to cancel the supervisory board and reduce registered capital [1]. - The registered capital has been reduced from 600,000,000 yuan to 598,119,472 yuan, and the total number of shares has decreased from 600,000,000 shares to 598,119,472 shares [1]. - The company has revised relevant clauses in its articles of association accordingly [1]. Group 2: Business License Information - The company completed the deregistration procedures on July 23, 2025, and has recently obtained a new business license from the Huai Bei Market Supervision Administration [2]. - The updated business license includes the following information: - Unified Social Credit Code: 91340000744890974R - Name: Anhui Kouzi Liquor Co., Ltd. - Type: Other Joint Stock Company (Listed) - Address: No. 9, Xiangshan South Road, Huai Bei City, Anhui Province - Legal Representative: Xu Jin - Registered Capital: 598,119,472 yuan - Date of Establishment: December 26, 2002 - Business Scope: Production, manufacturing, and sales of liquor and glass products [2].

（编辑 任世碧） 证券日报网讯 10月24日晚间，口子窖发布公告称，公司于2025年8月19日召开了第五届董事会第十一次 会议、9月5日召开了2025年第一次临时股东会，审议通过了《关于取消监事会、减少注册资本并修订部 分条款的议案》，同意公司因回购注销部分限制性股票事宜对公司注册资本及股份总数进行变更。公司 注册资本由600，000，000元变更为598，119，472元，公司股份总数由600，000，000股变更为598， 119，472股。公司已于2025年7月23日在中国证券登记结算有限责任公司上海分公司完成前述注销手 续。近日，公司完成了相关工商变更登记手续，并取得淮北市市场监督管理局换发的《营业执照》。 ...