证券日报网讯 12月12日，天佑德酒在互动平台回答投资者提问时表示，公司控股股东股份质押是用于 补充流动资金；控股股东质押业务不会导致公司的实际控制权发生变更，不会对生产经营、公司治理等 方面产生实质性影响，控股股东质押的股份不存在平仓风险。 （文章来源：证券日报） ...

二、担保进展及其他 近日，公司与中国民生银行股份有限公司拉萨分行签署了《最高额保证合同》，被担保方为公司全资子 公司西藏阿拉嘉宝酒业有限责任公司（以下简称"西藏阿拉嘉宝"），最高保证金额为7,000万元人民 币，由公司提供不可撤销连带责任保证。 三、被担保人基本情况 登录新浪财经APP 搜索【信披】查看更多考评等级 一、担保情况概述 证券代码：002646 证券简称：天佑德酒 公告编号：2025-070 青海互助天佑德青稞酒股份有限公司于（以下简称"公司"或"本公司"）2025年4月22日、2025年6月19日 分别召开了第五届董事会第十七次会议（定期）、2024年度股东大会，审议通过了《关于公司及子公司 融资额度和提供担保额度的议案》。同意公司为合并报表范围内下属公司提供担保的总额度不超过2.5 亿元，担保范围包括但不限于申请融资业务发生的融资类担保以及日常经营发生的履约类担保。担保种 类包括一般保证、连带责任保证、抵押、质押等。实际担保额度、担保期限等内容以最终正式签署并执 行的担保合同为准。上述融资额度和提供担保额度自公司 2024 年度股东大会审议批准之日起十二个月 内有效。 本公司及董事会全体成员保 ...

Group 1 - The company announced the release of part of the pledged shares held by its controlling shareholder, Tianyoude Group [1] - As of the announcement date, the total pledged shares by Tianyoude Group were detailed, although specific figures were not provided in the document [1] - The company ensures the accuracy and completeness of the information disclosed [1][2] Group 2 - The company has approved a total guarantee limit of up to 250 million RMB for its subsidiaries, covering financing and operational guarantees [4] - Recently, the company signed a maximum guarantee contract with China Minsheng Bank for its wholly-owned subsidiary, Tibet Alajabao Wine Co., Ltd., with a maximum guarantee amount of 70 million RMB [5] - The financial data and operational details of Tibet Alajabao were provided, including its establishment date, registered capital, and business scope [5][6][7] Group 3 - The maximum guarantee contract specifies that the company will provide a guarantee for debts arising from the main contract with Tibet Alajabao [9] - The maximum debt amount guaranteed is 70 million RMB, including principal and interest [12] - The guarantee period is set from December 8, 2025, to December 7, 2026 [13] Group 4 - The total external guarantee balance of the company and its subsidiaries is 70 million RMB, which represents 2.49% of the company's latest audited net assets [16] - The company has not provided guarantees for entities outside the consolidated financial statements and has no overdue debts related to guarantees [16]

证券日报网讯 12月9日，天佑德酒在互动平台回答投资者提问时表示，公司如有股东品鉴活动，会及时 发布公告。 （文章来源：证券日报） ...

二、股东股份累计质押基本情况 截至本公告披露日，控股股东天佑德集团所持质押股份情况如下： 证券代码：002646 证券简称：天佑德酒 公告编号：2025-069 青海互助天佑德青稞酒股份有限公司 关于控股股东部分股份解除质押的公告 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。 青海互助天佑德青稞酒股份有限公司（以下简称"公司"）近日收到公司控股股东青海天 佑德科技投资管理集团有限公司（以下简称"天佑德集团"）通知，天佑德集团将持有的公司 部分股份办理了解除质押业务。具体情况如下： | 股东名称 | 是否为 控股股 东或第 一大股 东及其 一致行 动人 | 本次解除质押数 量（股） | 占其所 持股份 比例 | 占公司总 股本比例 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 天佑德集团 | 是 | 8,500,000 | 4.26% | 1.77% | 2023 年 5 月 22 日 | 2025 年 12 月 8 日 | 青海银行股份 有限公司城西 支行 | ...

证券代码：002646 证券简称：天佑德酒 公告编号：2025-070 青海互助天佑德青稞酒股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、担保情况概述 青海互助天佑德青稞酒股份有限公司于（以下简称"公司"或"本公司"）2025 年 4 月 22 日、2025 年 6 月 19 日分别召开了第五届董事会第十七次会议（定期）、2024 年度股东大会， 审议通过了《关于公司及子公司融资额度和提供担保额度的议案》。同意公司为合并报表范围 内下属公司提供担保的总额度不超过 2.5 亿元，担保范围包括但不限于申请融资业务发生的融 资类担保以及日常经营发生的履约类担保。担保种类包括一般保证、连带责任保证、抵押、质 押等。实际担保额度、担保期限等内容以最终正式签署并执行的担保合同为准。上述融资额度 和提供担保额度自公司 2024 年度股东大会审议批准之日起十二个月内有效。 二、担保进展及其他 近日，公司与中国民生银行股份有限公司拉萨分行签署了《最高额保证合同》，被担保方 为公司全资子公司西藏阿拉嘉宝酒业有限责任公司（以下简称 ...

Core Insights - Tianyoude Liquor reported that as of September 30, 2025, the number of shareholders is expected to reach 49,800 [2] Company Summary - The company is actively engaging with investors through interactive platforms to provide updates on shareholder statistics [2] - The projected increase in shareholder count indicates potential growth in investor interest and market presence [2]

Core Insights - The Chinese liquor market, particularly the baijiu sector, experienced significant growth in 2020, with A-shares leading globally. The overall revenue for 19 listed baijiu companies reached 258.94 billion yuan, a year-on-year increase of 6.58% [1][5] - The net profit attributable to shareholders for these companies totaled 92.068 billion yuan, reflecting a growth of 11.95% compared to the previous year [1][5] - There is a notable divergence in performance among baijiu companies, with leading brands like Moutai and Wuliangye achieving double-digit growth, while some smaller brands faced significant declines [4][9] Revenue Performance - In 2020, 19 listed baijiu companies reported a total revenue of 258.94 billion yuan, with 11 companies showing positive growth and 8 experiencing negative growth [2][5] - The highest revenue growth was recorded by Jiugui Liquor at 20.79%, while Qingqing Qiao experienced a decline of 39.07%, marking a difference of 59.86 percentage points [2][3] - The top three companies by revenue were Moutai (94.915 billion yuan), Wuliangye (57.321 billion yuan), and Yanghe (21.101 billion yuan) [4] Profit Analysis - The six leading baijiu companies accounted for over 90% of the total profits in the sector, with Moutai alone contributing more than 36% of total revenue and over 50% of total profits [7][9] - Moutai's net profit reached 46.697 billion yuan, with a growth rate of 13.33%, while Wuliangye's net profit was 19.955 billion yuan, growing by 14.67% [6][7] - Jiugui Liquor showed remarkable performance with a net profit growth of 64.15%, while Qingqing Qiao reported a significant loss of 1.15 billion yuan [6][7] Market Dynamics - The pandemic initially impacted the baijiu industry negatively, but leading brands demonstrated resilience, with Moutai, Wuliangye, and Shanxi Fenjiu achieving substantial growth [9] - The disparity in performance is evident, with some companies like Shanxi Fenjiu and Jiugui Liquor seeing stock prices increase over threefold, while others struggled [9][11] - The overall tax contributions from the baijiu sector increased significantly, with a 48% rise in the first quarter of 2021 compared to the previous year, attributed to a recovery from the pandemic [14][15] Financial Health - As of March 2021, Wuliangye had the highest cash reserves among listed baijiu companies, totaling 73.38 billion yuan, while Moutai had approximately 50.743 billion yuan [17][18] - The financial strength of these companies is crucial for their ability to invest and expand in a competitive market [17] Compensation Trends - Moutai reported the highest average employee salary in the sector at over 300,000 yuan, while the lowest was at less than 52,000 yuan for Huangtai Liquor [19][20] - The management compensation for Moutai was relatively low compared to other companies, with total management salaries below 3.72 million yuan [21][23]

Core Insights - The liquor sector experienced a decline of 0.55% on November 19, with Huangtai Liquor leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Liquor Sector Performance - Key stocks in the liquor sector showed varied performance, with Qingdao Wenzhou down 3.47% to 13.37, and Jiu Gui Jiu down 2.38% to 62.29 [1] - Other notable declines included Luzhou Laojiao down 1.87% to 137.14 and Shede Liquor down 1.52% to 63.03 [1] Capital Flow Analysis - The liquor sector saw a net outflow of 6.91 billion yuan from main funds, while retail investors contributed a net inflow of 4.2 billion yuan [1] - The table of capital flow indicates that major stocks like Water Well and Huangtai Liquor experienced significant net outflows from main funds [2]

Core Insights - Tianyoude Liquor, a leading company in the domestic barley wine sector, is facing significant market scrutiny due to a high-level share reduction plan and ongoing performance decline [2][3] - The company has publicly responded to investor concerns, asserting confidence in its strategic direction and the unique value of barley wine [2] Financial Performance - For the first three quarters, Tianyoude Liquor reported revenue of 880 million yuan, a year-on-year decrease of 10.79% [2] - The net profit attributable to shareholders was only 22 million yuan, representing a substantial year-on-year decline of 62.03% [2] - The downward trend in revenue and net profit has been evident since the first half of 2025, with net profit decreasing by over 30% year-on-year [2] Management Actions - A share reduction plan was announced by six board members and senior executives, including the general manager, intending to reduce a total of approximately 625,500 shares, accounting for 0.13% of the company's total equity [2] - The company aims to navigate its challenges by focusing on its core liquor business and implementing strategies centered on maintaining strategic determination, enhancing internal motivation, stimulating market vitality, and leveraging unique regional culture [2] Strategic Focus - Tianyoude Liquor emphasizes its commitment to long-termism and plans to amplify the unique value of barley wine, which is characterized as "good yet different" [3] - The company intends to concentrate on key actions such as quality enhancement, cultural empowerment, integration of wine and tourism, digital leadership, and international expansion [2]