| 600300 | 维维股 | 4.08 | 2.43 | 3.47 | 3.57 | 2.90 | | --- | --- | --- | --- | --- | --- | --- | | | 份 | | | | | | | 688565 | 力源科 | 4.44 | 2.66 | 10.29 | 10.58 | 2.86 | | | 技 | | | | | | | 003030 | 祖名股 | 2.94 | 1.18 | 19.75 | 20.30 | 2.81 | | | 份 | | | | | | | 603757 | 大元泵 | 4.39 | 3.79 | 37.75 | 38.74 | 2.62 | | | 业 | | | | | | | 601968 | 宝钢包 | 2.92 | 0.46 | 5.16 | 5.29 | 2.62 | | | 装 | | | | | | | 688592 | 司南导 | 5.21 | 4.71 | 42.33 | 43.43 | 2.59 | | | 航 | | | | | | | 600808 | 马钢股 | 2.93 | 0.57 | 3.77 | 3. ...

消息面上，茅台新控量政策消息传开后，市场价格立即予以反应。酒商反馈称，昨天天津飞天茅台拿货 已经涨到1630元/瓶，两日涨幅超过150元/瓶。第三方平台"今日酒价"数据显示，12月14日，25年飞天茅 台(原箱)较前一日大涨70元，报1590元/瓶；25年飞天茅台(散瓶)较前一日也大涨70元，报1570元/瓶。但 天津和江苏酒商称，控量消息传开后，由于周末茅台经销商休息，黄牛开始坐地抬价，一天价格多次调 整，甚至改成时价拿货。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 566000 | 皇台酒业 | 1 | 10.02 | 23.95亿 | -18.18 | | 000799 | 酒鬼酒 | 1 | 4.05 | 188亿 | 5.57 | | 603919 | 金徽酒 | | 2.85 | 102亿 | 5.68 | | 600702 | 毛得酒业 | 1 | 2.38 | 197亿 | -9.31 | | 000596 | 古井贡酒 | 豪 | 2.08 | 785亿 | -10.58 | | ...

在质量管控方面，该公司建立从原料入厂到成品出厂的全流程质量管理与HACCP体系，斩获"国家地理 标志保护产品""绿色工厂"等多项国家级权威认证；在创新驱动上，依托行业领先的技术研发平台，以 物联网窖池测温、大数据管控等科技赋能传统酿造，实现品质精准提升；在价值创造上，累计纳税超60 亿元，年带动就业近4000人，同时通过公益基金会投入数十亿元践行社会责任，成为甘肃经济与社会发 展的重要支撑。 面向未来，金徽酒将珍视荣誉，砥砺前行，持续发挥质量标杆引领作用，弘扬工匠精神，筑牢创新与品 质根基。以改革创新为动力，积极响应"标准强省、质量强省、品牌强省"号召，完善质量管理体系，营 造"人人关心质量，人人创造质量，人人享受质量"的良好氛围。围绕"布局全国、深耕西北、重点突 破"战略，加快推进"跻身中国白酒十强、打造中国知名白酒品牌、建成中国大型白酒酿造基地"的战略 目标，矢志成为行业高质量发展排头兵，为全省发展贡献更大力量。（兰之） 金徽酒作为中华老字号品牌，始终以"质量就是企业的生命"为核心理念，以"中华老字号"品牌底蕴为根 基，构建起全方位高质量发展体系。 12月2日，甘肃省人民政府质量奖评审结果正式公布，金徽酒 ...

从资金流向上来看，当日白酒板块主力资金净流出17.88亿元，游资资金净流入8.62亿元，散户资金净流 入9.26亿元。白酒板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000568 | 泸州老窖 | 125.38 | -2.31% | 11.74万 | 14.82亿 | | 000858 | 五粮液 | 113.27 | -1.47% | 27.70万 | 31.57亿 | | 000596 | 古井贡酒 | 153.88 | -1.35% | 1.80万 | 2.79亿 | | 600809 | 山西汾酒 | 180.15 | -1.04% | 4.75万 | 8.57亿 | | 603198 | 迎驾贡酒 | 39.80 | -0.92% | 3.30万 | 1.32 乙 | | 603369 | 今世缘 | 36.07 | -0.85% | 6.56万 | 2.37亿 | | 616809 | 金徽酒 | 20.06 | -0.84% | 2.34万 | 470 ...

Core Viewpoint - The recognition of Jinhui Mining Co., Ltd. and Jinhui Liquor Co., Ltd. as significant contributors to the industrial economic growth of Gansu Province highlights their strong performance and commitment to sustainable development in the region [1] Company Performance - As of September 2025, Jinhui Co. achieved a cumulative revenue of 9.039 billion yuan and paid various taxes totaling 1.487 billion yuan, contributing significantly to local economic development [1] - Jinhui Liquor reported a revenue of 2.305 billion yuan and a net profit attributable to shareholders of 324 million yuan for the first three quarters of 2025, indicating a steady operational performance with year-on-year profit growth [1] Future Outlook - The recognition serves as both an acknowledgment of past achievements and an incentive for future growth, encouraging both companies to enhance their core competitiveness and sustainable development capabilities [1] - Jinhui Co. and Jinhui Liquor aim to leverage this recognition to further contribute to the high-quality development of Gansu Province's industrial economy and society [1]

Core Insights - The "2024-2025 Annual Respectable Enterprises Conference" was held in Beijing, focusing on how Chinese companies can innovate and adapt to the digital economy and new production forces [1] - Jinhui Liquor was recognized as a "Leading Enterprise in Social Responsibility" for its commitment to creating a "Five Good Company" culture and its mission of producing ecological liquor [1] - The company emphasizes ESG principles as a core strategic guideline, aiming for sustainable development and effective communication of ESG management information to investors [1] Group 1: Environmental Responsibility - Jinhui Liquor employs the "Three Low Techniques" in its production process, integrating traditional brewing skills with ecological practices [2] - The company has invested over 40 million yuan in advanced pollution control and energy-saving technologies over the past four years, significantly reducing resource consumption and emissions [2] - A partnership with the Gansu Provincial Academy of Ecological Environment Science aims to enhance ecological and environmental cooperation through cutting-edge technology [2] Group 2: Social Responsibility - Since 2009, Jinhui Liquor has been involved in educational support activities, helping over 35,000 students across 180 counties in Northwest China [3] - The company’s mission of "brewing ecological liquor and transmitting positive energy" is reflected in its long-term commitment to social initiatives [3] Group 3: Financial Performance - In the first three quarters of 2025, Jinhui Liquor achieved a revenue of 2.306 billion yuan and a profit of 423 million yuan, marking a year-on-year increase of 5.48% [3] - The gross profit margin improved by 0.51 percentage points to 64.65%, indicating a successful product upgrade and market expansion strategy [3] - The company's contract liabilities, reflecting prepayments from distributors, reached 632 million yuan, a 32.73% increase, showcasing strong confidence from partners [3] Group 4: Future Outlook - Jinhui Liquor aims to navigate through market cycles and establish itself as a century-old brand by maintaining strategic focus and stability [4]

证券代码:603919 证券简称:金徽酒 公告编号:临 2025-043 金徽酒股份有限公司 关于变更签字注册会计师的公告 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。 签字注册会计师：李超，2010 年开始从事上市公司审计，2020 年成为注册会 计师，2024 年开始在上会执业，2025 年开始为贵司提供审计服务；近三年签署过 1 家上市公司的审计报告。 2.诚信记录 签字注册会计师李超最近三年未受到刑事处罚、行政处罚、行政监管措施和 自律处分。 金徽酒股份有限公司（简称"公司"）分别于 2025 年 3 月 21 日、2025 年 4 月 25 日召开第五届董事会第四次会议、2024 年年度股东大会，审议通过《关于审 议金徽酒股份有限公司续聘 2025 年度审计机构的议案》，同意续聘上会会计师事 务所（特殊普通合伙）（简称"上会"）为公司 2025 年度审计机构。具体内容详 见公司 2025 年 3 月 22 日于上海证券交易所网站（www.sse.com.cn）披露的《金徽 酒股份有限公司关于续聘 2025 年度审计 ...

Market Overview - The liquor sector experienced a slight increase of 0.13% on November 28, with Jinhuijiu leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Liquor Stocks Performance - Jinhuijiu (code: 616809) closed at 20.66, with a rise of 1.27% and a trading volume of 30,000 shares, amounting to 61.75 million yuan [1] - Other notable performers included Shede Liquor (code: 600702) with a 1.21% increase, and Qingdao Wenzhou (code: 000995) with a 1.04% increase [1] - Conversely, stocks like ST Yanshi (code: 600696) and Yingjia Gongjiu (code: 603198) saw declines of 1.01% and 0.71% respectively [2] Capital Flow Analysis - The liquor sector saw a net inflow of 122 million yuan from institutional investors, while retail investors contributed a net inflow of 103 million yuan [2] - However, there was a net outflow of 224 million yuan from speculative funds [2] Individual Stock Capital Flow - Kweichow Moutai (code: 600519) had a significant net inflow of 2.43 billion yuan from institutional investors, but a net outflow of 2.43 billion yuan from speculative funds [3] - Gujing Gongjiu (code: 000596) experienced a net inflow of 12.6 million yuan from institutional investors, while also facing a net outflow from speculative funds [3] - Other stocks like Shede Liquor and Tianyoude Liquor also showed mixed capital flows, with varying degrees of net inflows and outflows from different investor types [3]

证券代码:603919 证券简称:金徽酒 公告编号:临 2025-042 金徽酒股份有限公司 关于第一期员工持股计划存续期即将届满的 提示性公告 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。 金徽酒股份有限公司（简称"公司"）第一期员工持股计划（简称"第一期员 工持股计划"）的存续期将于 2026 年 5 月 24 日届满。根据《关于上市公司实施员 工持股计划试点的指导意见》及《上海证券交易所上市公司自律监管指引第 1 号— —规范运作》等规定，上市公司应当在员工持股计划届满前 6 个月公告到期计划持 有的股票数量以及占公司股本总额的比例，现将相关情况公告如下： 一、员工持股计划的基本情况 公司于 2018 年 6 月 11 日召开第三届董事会第二次会议、第三届监事会第二次 会议，2018 年 7 月 9 日召开 2018 年第一次临时股东大会会议，审议通过《关于审 议<金徽酒股份有限公司第一期员工持股计划（草案）>及其摘要的议案》《关于审 议<金徽酒股份有限公司第一期员工持股计划管理办法>的议案》。 2019 年 5 月 ...

Investment Highlights - The report indicates a clear turning point for the food and beverage industry following accelerated clearance, with expectations for leading sectors to initiate recovery [2][7] - The overall revenue for the food and beverage sector showed a slight increase of 0.2% year-on-year, while net profit decreased by 4.6% in the first three quarters of 2025 [18][20] - In Q3 2025, the sector experienced a significant decline, with revenues and net profits dropping by 4.9% and 14.6% respectively [18][20] Sector Review 1. Overall Review - The food and beverage sector faced continuous pressure and adjustments, with traditional consumption accelerating clearance while new consumption trends continued to grow [18][20] - The white liquor segment saw a revenue decline of 18.4% and a net profit decline of 22.2% in Q3 2025, indicating significant pressure on the sector [20][22] - In contrast, sectors like snacks and beverages maintained double-digit growth due to product and channel innovations [20][21] 2. White Liquor - The white liquor industry is undergoing accelerated clearance, with varying rhythms among companies. The demand has weakened, leading to noticeable declines in revenue and net profit for most companies [22][25] - High-end liquor maintained some growth, with Moutai achieving a revenue increase of 0.3% in Q3 2025, while other brands like Wuliangye saw declines exceeding 50% [23][25] - The report emphasizes the importance of supply-demand balance and pricing as key indicators for the industry's recovery [22][23] 3. Low-Alcohol Beverages and Drinks - The beer segment showed stable performance with a revenue increase of 2.0% and a net profit increase of 11.8% in the first three quarters of 2025 [21][22] - The report highlights the potential for recovery in demand for low-alcohol beverages and drinks, driven by health trends and product innovation [22][23] 4. Consumer Goods - The dairy sector is gradually stabilizing, with upstream supply clearing and downstream processing demand increasing, leading to a potential balance in the raw milk cycle [31][33] - The snack sector, particularly the konjac and oat categories, is expected to maintain high growth rates, supported by the expansion of new retail channels [31][36] - The report notes that the overall demand for dining remains weak, but specific segments like Western-style condiments and frozen baking show structural opportunities [31][33] Investment Recommendations - The report suggests focusing on companies that are early in their clearance processes and have strong brand momentum, such as Gujing Gongjiu and Luzhou Laojiao [11][12] - For low-alcohol beverages, attention is drawn to leading companies like Kweichow Moutai and Tsingtao Brewery, which are expected to benefit from demand recovery [11][12] - In the consumer goods sector, companies with strong performance and cost advantages, such as Yili and Modern Dairy, are recommended for investment [11][12]