Core Insights - The Chinese wine industry is projected to see a production increase of 6.7% year-on-year by December 2025, reaching a total production of 16,000 kiloliters [1] - However, the cumulative production for the year 2025 is expected to decline by 17.1%, totaling 97,000 kiloliters [1] Company Insights - Listed companies in the Chinese wine sector include Zhangyu A (000869), Weilang Co., Ltd. (603779), Zhongpu Co., Ltd. (600084), ST Tongpu (600365), Xibu Chuangye (000557), and Huangtai Wine Industry (000995) [1] - The report by Zhiyan Consulting highlights the investment potential in the Chinese wine market from 2026 to 2032 [1]

证券日报网讯1月28日，西部创业（000557）发布公告称，公司预计2025年归属于上市公司股东的净利 润约29，300万元，比上年同期26，300.77万元增长11.40%。 ...

业绩变动原因说明：(一)为落实自治区政府关于"道口拆并及平改立"相关工作要求，进一步提高铁路运 输安全，本年开展围网栽设及道口拆除项目，导致安全生产费同比增加5965万元。(二)因车辆维修、折 旧、人工成本等成本项目同比增加，导致铁路运输业务毛利下降约7748万元。(三)公司全资子公司宁夏 大古物流有限公司于2025年6月30日由破产管理人接管并办理移交手续。根据《企业会计准则》相关要 求，公司丧失对宁夏大古物流有限公司的控制权，并将其剔除合并财务报表范围，故本期确认相关投资 收益16,450.02万元，本项属于非经常性损益。(四)公司本期确认无缝线路换铺等其他非经常性损失同比 增加约986万元。 格隆汇1月28日丨西部创业(000557.SZ)公布，预计2025年1月1日至2025年12月31日归属于上市公司股东 的净利润约2.93亿元，比上年同期增长11.40%；扣除非经常性损益后的净利润约1.49亿元，比上年同期 下降46.11%。 ...

格隆汇1月28日丨西部创业(000557.SZ)公布，预计2025年1月1日至2025年12月31日归属于上市公司股东 的净利润约2.93亿元，比上年同期增长11.40%；扣除非经常性损益后的净利润约1.49亿元，比上年同期 下降46.11%。 业绩变动原因说明：(一)为落实自治区政府关于"道口拆并及平改立"相关工作要求，进一步提高铁路运 输安全，本年开展围网栽设及道口拆除项目，导致安全生产费同比增加5965万元。(二)因车辆维修、折 旧、人工成本等成本项目同比增加，导致铁路运输业务毛利下降约7748万元。(三)公司全资子公司宁夏 大古物流有限公司于2025年6月30日由破产管理人接管并办理移交手续。根据《企业会计准则》相关要 求，公司丧失对宁夏大古物流有限公司的控制权，并将其剔除合并财务报表范围，故本期确认相关投资 收益16,450.02万元，本项属于非经常性损益。(四)公司本期确认无缝线路换铺等其他非经常性损失同比 增加约986万元。 ...

Market Performance - The railway and highway sector increased by 0.24% compared to the previous trading day, with Sichuan Chengyu leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Stock Performance - Sichuan Chengyu (601107) closed at 6.26, up 3.81% with a trading volume of 271,500 shares and a transaction value of 26.97 million [1] - Jilin Expressway (601518) closed at 2.92, up 2.10% with a trading volume of 195,800 shares and a transaction value of 56.81 million [1] - Western Entrepreneurship (000557) closed at 5.10, up 2.00% with a trading volume of 194,100 shares and a transaction value of 98.11 million [1] - Other notable stocks include Shanxi Expressway (000755) at 5.38, up 1.89%, and Iron Dragon Logistics (600125) at 6.58, up 1.39% [1] Capital Flow - The railway and highway sector saw a net inflow of 309 million in main funds, while retail investors experienced a net outflow of 232 million [2] - The main funds' net inflow for Beijing-Shanghai High-Speed Railway (601816) was 2.35 million, while it faced a net outflow of 83.12 million from speculative funds [3] - Other stocks like Guangzhou-Shenzhen Railway (601333) had a main fund net inflow of 1.89 million, but a net outflow of 1.14 million from retail investors [3]

经济观察网2026年1月28日，西部创业（000557）发布2025年度业绩预告，预计2025年净利润2.93亿 元。扣除非经常性损益后的净利润1.49亿元。 ...

西部创业公告称，2025年归属于上市公司股东的净利润约29300万元，同比增长11.40%；扣除非经常性 损益后的净利润约14900万元，同比下降46.11%；基本每股收益0.2009元/股。业绩变动原因包括安全生 产费增加、铁路运输业务毛利下降、子公司宁夏大古物流有限公司剔除合并报表范围确认投资收益、其 他非经常性损失增加等。本业绩预告经中兴华会计师事务所预审计，具体财务数据以2025年年度财务报 告为准。 ...

2025 年度业绩预告 二、与会计师事务所沟通情况 证券代码：000557 证券简称：西部创业 公告编号：2026-3 宁夏西部创业实业股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 （一）业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况：自愿性业绩预告。 本业绩预告经中兴华会计师事务所（特殊普通合伙）注册 会计师预审计，双方在业绩预告方面不存在重大分歧，中兴华 — 1 — 单位：万元 项 目 本报告期 上年同期 归属于上市公司 股东的净利润 约 29,300 万元 26,300.77 比上年同期增长 11.40% 扣除非经常性 损益后的净利润 约 14,900 万元 27,650.34 比上年同期下降 46.11% 基本每股收益（元/股） 0.2009 0.1803 2025 年度业绩预告 会计师事务所（特殊普通合伙）认为公司作出本业绩预告的依 据和过程是适当和审慎的。 三、业绩变动原因说明 （二）公司指定信息披露媒体为《证券时报》、巨潮资讯 网（ ...

Market Overview - As of January 15, the Shanghai Composite Index closed at 4112.60 points, with a decline of 0.33%. The Shenzhen Component Index closed at 14306.73 points, increasing by 0.41%. The ChiNext Index closed at 3367.92 points, rising by 0.56% [1] Trading Volume Analysis - A total of 1255 stocks saw an increase in average transaction volume, with 15 stocks experiencing a growth of over 50%. Conversely, 3315 stocks reported a decrease in transaction volume. Notable stocks with significant increases include Wenke Co., Ltd., Shanhe Pharmaceutical, and Sanjia Technology [1] Active Stocks by Transaction Volume - The stocks with the highest increase in average transaction volume include: - Wenke Co., Ltd. (10.09% increase, 3841 shares, 241.99% increase) - Shanhe Pharmaceutical (20.01% increase, 1613 shares, 125.77% increase) - Sanjia Technology (9.99% increase, 983 shares, 112.27% increase) [2] Active Stocks by Transaction Count - The stocks with the highest increase in transaction count include: - Sanwei Communication (481,875 transactions, 10799.68% increase) - ST Keli Da (3,235 transactions, 3797.59% increase) - Sanjiang Shopping (128,956 transactions, 3237.37% increase) [3] Stocks with Significant Increases in Both Volume and Count - Shanhe Pharmaceutical stands out with a 20.01% increase in price, an average transaction volume of 1613 shares (125.77% increase), and a transaction count of 25,673 (98.97% increase) [4] - Other notable stocks include: - Jiangshan Co., Ltd. (9.99% increase, 795 shares, 97.34% increase, 38,300 transactions, 61.17% increase) - Dibei Electric (10.01% increase, 921 shares, 61.43% increase, 18,200 transactions, 244.11% increase) [5]

Market Overview - The railway and highway sector experienced a decline of 0.42% on January 13, with Hainan Highway leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable gainers included: - Shentong Metro (600834) with a closing price of 8.80, up 2.44% [1] - Jinjiang Online (600650) also up 2.44% at a closing price of 16.40 [1] - Major decliners included: - Hainan Highway (000886) down 4.45% at a closing price of 6.66 [2] - Haikou Group (603069) down 3.85% at a closing price of 23.75 [2] Trading Volume and Capital Flow - The railway and highway sector saw a net outflow of 113 million yuan from institutional investors, while retail investors had a net inflow of 101 million yuan [2] - The trading volume for Hainan Highway was 561,000 shares, with a transaction value of 379 million yuan [2] Individual Stock Capital Flow - Jinjiang Online (600650) had a net outflow of 53.1 million yuan from institutional investors, with a retail net outflow of 49.4 million yuan [3] - Shentong Metro (600834) recorded a net inflow of 15.8 million yuan from institutional investors [3] - West China Entrepreneurship (000557) had a net inflow of 16.7 million yuan from institutional investors [3]