对此，一位知情人士对南都湾财社记者表示，五粮液出资参与川航集团增资扩股项目，双方积极探索航 空货运数智化业务，打造智慧航空物流体系新样板，推动资源共享、业务协同与品牌联动，实现合作共 赢发展。 五粮液集团此前投资川航约50亿 事实上，这不是五粮液集团第一次投资川航集团。时间回溯至2022年12月份，川航集团与五粮液集团签 署《增资扩股补充协议》，投资金额约50亿元。彼时，有媒体报道称，这笔资金也将进一步用于对川航 集团旗下的航空主业资产川航股份（四川航空股份有限公司）的增资，以解川航股份的资金之急。 据了解，疫情以来航空公司业绩较低迷。据川航股份此前发布的财务数据，2020年，川航股份亏了 24.76亿元，2021年又亏了18.21亿元，截至2020年三季度末，公司资产负债率已达到92.9%。 到了今年上半年，川航股份仍处于亏损态势，净资产甚至为负数。据南方航空（600029.SH）披露的数 据，川航股份上半年营业收入162.18亿元，同期亏损8.02亿元，净资产为-5.36亿元。 川航股份计划2028年上市 12月3日，南都湾财社记者从天眼查获悉，四川航空集团有限责任公司（简称"川航集团"）完成工商变 更， ...

Group 1 - Sichuan Airlines Group has undergone a business change, with Wuliangye Group becoming a new shareholder and registered capital increasing from 417 million to 1.219 billion yuan [2] - After the change, the shareholding structure of Sichuan Airlines Group is 54.17% held by Sichuan Development Holding and 45.83% by Wuliangye Group [2] - Wuliangye Group previously invested 5 billion yuan in Sichuan Airlines Group at the end of 2022, specifically for capital increase in Sichuan Airlines [2] Group 2 - Wuliangye Group's investment in Sichuan Airlines Group reflects its diversification strategy, as it is a large modern enterprise group with interests in various industries including new energy vehicle parts and smart logistics [3] - In 2023, Wuliangye Group established a wholly-owned subsidiary with a registered capital of 1 billion yuan, further expanding its investment footprint [3] - The company has accelerated its diversification efforts, with significant investments in various sectors, indicating a shift from a single industry focus to a comprehensive enterprise group [3] Group 3 - Wuliangye Group achieved a sales revenue of 195.297 billion yuan in 2024, a year-on-year increase of 10.3%, and a profit of 47.243 billion yuan, up 10.86% [4] - The trend of leading companies in the liquor industry investing in heavy asset sectors like aviation and new energy reflects a strategic shift towards ecological expansion amid increasing market concentration [4] - This diversification is seen as a search for a second growth curve during a period of deep adjustment in the liquor industry [4]

Core Points - The Green Governance Index (980058) closed at 1324.41 points, up 0.4%, with a trading volume of 87.561 billion yuan and a turnover rate of 1.14% [1] - Among the index constituents, 39 stocks rose while 58 fell, with Northern Huachuang leading the gainers at 3.67% and Luzhou Laojiao leading the decliners at 3.76% [1] Index Constituents - The top ten constituents of the Green Governance Index include: - Ningde Times (12.72% weight) at 383.35 yuan, up 1.93% [1] - Midea Group (6.81% weight) at 81.89 yuan, down 0.34% [1] - Dongfang Wealth (5.82% weight) at 22.39 yuan, up 0.72% [1] - Luxshare Precision (5.40% weight) at 59.63 yuan, up 1.38% [1] - Sungrow Power Supply (4.99% weight) at 177.55 yuan, up 0.24% [1] - Wuliangye (3.94% weight) at 114.45 yuan, down 0.99% [1] - Gree Electric Appliances (3.16% weight) at 40.94 yuan, up 0.32% [1] - Northern Huachuang (2.82% weight) at 449.79 yuan, up 3.67% [1] - Inovance Technology (2.63% weight) at 72.65 yuan, up 3.39% [1] - ZTE Corporation (2.52% weight) at 42.92 yuan, down 0.88% [1] Capital Flow - The net outflow of main funds from the index constituents totaled 2.808 billion yuan, while retail investors saw a net inflow of 3.06 billion yuan [1] - Detailed capital flow for specific stocks shows: - Ningde Times had a main fund net inflow of 568 million yuan [2] - Inovance Technology had a main fund net inflow of 15 million yuan [2] - Dongfang Wealth experienced a main fund net inflow of 76.89 million yuan [2] Recent Adjustments - The Green Governance Index constituents were adjusted recently, adding 10 new stocks, effective December 15, 2025 [3] - New additions include: - Zhongke Environmental Protection (77.42 billion yuan market cap) [3] - Dongsoft Zhaibo (72.07 billion yuan market cap) [3] - Furan Energy (158.40 billion yuan market cap) [3] - Water Technology (51.67 billion yuan market cap) [3] - Satellite Chemical (567.95 billion yuan market cap) [3] - Jinhe Industry (115.60 billion yuan market cap) [3] - Changbao Co. (70.35 billion yuan market cap) [3] - Shuanghuan Transmission (338.81 billion yuan market cap) [3] - Shield Environment (136.16 billion yuan market cap) [3] - Fu'ao Co. (94.25 billion yuan market cap) [3]

2025年的白酒行业，仍处于深度调整期，并全面进入"存量竞争"时代，酒企普遍面临渠道库存高企、产品价格倒挂、指标增速放缓等现实问题。 而在资本市场，曾经的"明星"板块更是疲态尽显——年内A股白酒指数累计跌幅已逾15%，在火热的市场行情中逆势领跌，成为拖累大盘的关键因素。 立足当下，白酒行业现在的情况究竟如何？长期前景是否值得期待？ 业绩普遍降速，行业龙头也暴雷 从业绩层面来看，2025年前三季度，白酒股普遍遭遇业绩降速，其中归母净利润录得增长的仅有贵州茅台（600519.SH）、山西汾酒（600809.SH）两家， 其余酒企的归母净利润均出现下滑，其中还有顺鑫农业（000860.SZ）、酒鬼酒（000799.SZ）这样遭遇"断崖式"下滑的酒企。 | 证券代码 | 证券简称 | 前三季度营业总收 | 前三季度营业总收入 | | 前三季度归母净利 前三季度归母净利润 | | --- | --- | --- | --- | --- | --- | | | | 入（亿元人民币） | 同比增长率(%) | 润（亿元人民币） | 比增长率(%) | | 600519.SH | 贵州茅台 | 1,309.04 | 6.32 ...

五粮液最新回应。 12月4日，针对投资者提问，五粮液在互动平台上回复称，公司会积极策划股东优惠购酒活动，以增强投资者获得感。 据Wind统计，五粮液自上市以来，累计实施了25次现金分红，累计分红金额超过1200亿元。今年10月底，公司发布了中期利润分 配预案，拟每10股派发现金红利25.78元（含税）。 | < 五粮液 000858.SZ > 114.45 -0.99% 分红统计 | | | --- | --- | | 上市以来分红统计 | | | 上市年份 | 1998 | | 上市以来累计现金分红次数 | 25 | | 上市以来累计实现净利润(亿元) | 2.547.23 | | 上市以来累计现金分红(亿元) | 1.264.45 | | 上市以来平均分红率(%) | 49.64 | | 派息融资比(%) 2 | 3.314.53 | | 近3年平均归母净利润(亿元) 2 | 295.85 | | 近3年累计现金分红(含回购)(亿元) 2 | 551.07 | | 近3年累计分红/年均利润(%) 2 | 186.27 | 业绩方面，今年前三季度，五粮液实现营业收入609.45亿元，同比下降10.26%；实 ...

近日，四川航空集团发生工商变更，五粮液集团以5.59亿元的注册资本认缴金额资，成为川航二股东，持股约45.83%。 川航集团的大股东四川发展代表四川省持股54.17%，川航集团的注册资本由4.17亿元增至约12.19亿元。 据航旅圈了解，这50亿增资款并不是全部作为增加川航集团的注册资金，而是大部分计入了资本公积，并且这笔注资在四川省的推动下于2022年12月30日 全部到位。【回顾：川航换人，50亿到账！还有哪些航司缺钱待救】 而最终计入注册资金的是5.59亿元，依据认缴出资占比，五粮液由此成为川航集团的二股东，并且在外部董事席位中占据了三席。 五粮液成为川航集团的二股东，其实历时长达五年的时间。 在此之前，川航集团一直是四川省属国资全资企业，不过，在疫情期间航司普遍日子不好过的2020年，五粮液出手驰援川航。 2020年12月，四川发展、川航集团、五粮液集团、五粮液基金地方签署增资扩股协议，其中五粮液拟对川航集团增资50亿。【回顾：独家丨川航获五粮液 巨额增资】 据四川省国资委网站，11月18日，川航集团召开了引入新股东后的2025年第一次股东会，股东单位代表四川发展（控股）公司党委书记、董事长徐一心， ...

五粮液最新回应。 12月4日，针对投资者提问，五粮液在互动平台上回复称， 公司会积极策划股东优惠购酒活动，以增强投资者获得感。 据悉，11月28日晚间，峨眉山A发布《关于股东回馈活动的自愿性信息披露公告》，公告显示，2025年12月1日至2026年1月31日（国家法 定节假日除外），持有"峨眉山A"股票500股及以上的个人股东和法人股东代表，可享受峨眉山景区进山门票免票、免费乘坐万年索道、 温泉免费、免费滑板滑雪以及部分酒店住宿专享优惠等回馈。该公告一度引发广泛关注，12月1日，峨眉山股价涨停。 酒企实物回馈股东方面，据不完全统计，今年上半年，舍得酒业、迎驾贡酒等均举办相关活动。 责编：万健祎 校对： 陶谦 版权声明 据Wind统计，五粮液自上市以来，累计实施了25次现金分红，累计分红金额超过1200亿元。今年10月底，公司发布了中期利润分配预 案，拟每10股派发现金红利25.78元（含税）。 | 上市以来分红统计 | | | --- | --- | | 上市年份 | 1998 | | 上市以来累计现金分红次数 | 25 | | 上市以来累计实现净利润(亿元) | 2.547.23 | | 上市以来累计现金分 ...

Market Overview - The Investment Clock Index (399391) closed at 3348.4 points, down 0.13%, with a trading volume of 67.987 billion yuan and a turnover rate of 0.74% [1] - Among the index constituents, 28 stocks rose while 71 stocks fell, with China High-Tech leading the gainers at an 8.25% increase and Xi'an Catering leading the decliners with a 5.74% drop [1] Top Constituents - The top ten constituents of the Investment Clock Index include: - Kweichow Moutai (16.68% weight) at 1423.98 yuan, down 0.36% [1] - China Merchants Bank (15.74% weight) at 43.22 yuan, up 0.49% [1] - Zijin Mining (7.34% weight) at 30.69 yuan, up 2.40% [1] - Wuliangye (5.26% weight) at 114.45 yuan, down 0.99% [1] - Hengrui Medicine (4.84% weight) at 61.25 yuan, up 0.46% [1] - Gree Electric Appliances (4.03% weight) at 40.94 yuan, up 0.32% [1] - Yili Industrial (3.04% weight) at 28.99 yuan, down 0.96% [1] - Northern Rare Earth (2.49% weight) at 46.66 yuan, down 1.19% [1] - Fuyao Glass (2.35% weight) at 63.82 yuan, down 1.25% [1] - Luzhou Laojiao (2.31% weight) at 127.71 yuan, down 3.76% [1] Capital Flow - The net outflow of main funds from the Investment Clock Index constituents totaled 3.827 billion yuan, while speculative funds saw a net inflow of 1.326 billion yuan and retail investors had a net inflow of 2.502 billion yuan [1] - Detailed capital flow for specific stocks includes: - China High-Tech with a net inflow of 1.30 billion yuan from main funds [2] - Yunnan Copper with a net inflow of 85.73 million yuan from main funds [2] - Weichai Power with a net inflow of 82.78 million yuan from main funds [2]

今日（12.4），大消费板块继续回调，消费ETF（159928）跌近1%，连续第四天下跌，成交额超4.5亿元。资金面上，消费ETF（159928）近20日累计"吸 金"超4.2亿元！截至12月3日，消费ETF（159928）最新规模超211亿元，同类断层领先！ 聚焦大消费板块，估值性价比仍极具吸引力。截至12月3日，消费ETF（159928）标的指数市盈率TTM为19.74，处于近10年3.99%分位点，比近10年历史上 超96%的时间便宜，估值性价比更高！ 年底将近，市场风格将如何演绎？信达证券指出，每年Q4存在基于投资者配置思路变化的季节性规律，容易成为风格变化的高发期，特别是12月市场风格 更容易偏向低估值。（来源：信达证券20251109《年底容易成为风格变化的高发期》） 【机构评消费12月策略：市场风格继续有利】 消息面上，近日，某电商平台放出"1399元/瓶"的53度500ml飞天茅台拼团价，低于1499元的官方指导零售价，引发市场震动。线上平台率先降价后，线下门 店情况如何？在深圳一家茅台经销商门店，商家打出了飞天茅台只需1000多元的广告标语吸引顾客，工作人员表示，目前飞天茅台的零售价格在18 ...

| 代码 | 名称 | | 涨幅%↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 000568 | 泸州老窖 | 1 | -4.00 | 1875亿 | 6.77 | | 600809 | 山西汾酒 | 1 | -3.65 | 2205亿 | 1.59 | | 600702 | 吴得湿亚 | | -3.58 | 190亿 | -12.64 | | 000799 | 酒鬼酒 | 报 | -2.88 | 175亿 | -1.73 | | 600779 | 水井坊 | 1 | -2.74 | 185亿 | -27.28 | | 000995 | 青导演业 | | -2.36 | 21.31亿 | -27.21 | | 002304 | 洋河股份 | | -1.74 | 939亿 | -20.44 | | 603369 | 今世缘 | | -1.60 | 453亿 | -17.46 | | 000596 | 古井贡酒 | 1 | -1.55 | 817亿 | -6.93 | | 600199 | 金种子酒 | 1 | -1.33 | 63.67亿 ...