天风证券股份有限公司研究员张潇倩、何富丽、唐家全9月29日发布研报《华致酒行(300755)：行 业调整期阶段承压 静待改革发力》称，下调盈利预测，调整华致酒行为"增持"评级。 天风证券前一份研报为研究员张潇倩、何富丽、唐家全5月28日发布的《华致酒行(300755)：Q1 主动调整业绩短期承压 25年利润修复弹性可期》，研报表示，维持华致酒行"买入"评级。 (责任编辑：徐自立) 中国经济网北京2月26日讯 华致酒行(300755.SZ)今日收报14.86元，跌幅4.25%。 华致酒行2025年9月22日盘中股价创下近2年高点23.85元。 ...

证券日报网讯 2月24日，华致酒行在互动平台回答投资者提问时表示，截至2026年2月13日，公司股东 人数共计18417户。 （文章来源：证券日报） ...

回望过去一年，KKR中国业务在稳步推进投资布局的同时，也迎来了多元化的退出成果：通过公开市 场减持、企业分红、接续基金以及战略买家收购等多种方式，成功签署或交割的退出交易总额接近10亿 美元。这些进展，既验证了以价值创造为导向的投资策略，也增强了我们持续深耕中国市场的信心。 展望2026年，二级市场的韧性仍在延续，一级市场情绪逐步修复。顺应这一变化，KKR中国团队将继 续通过多元化的退出路径为投资者实现价值兑现，不依赖单一方式，而是为每一笔投资审慎规划更具弹 在相对积极的政策发展环境与强劲的技术驱动投资的支撑下，我们对2026年美国、日本和中国的经济增 长保持高于市场共识的预期。其中，中国市场的发展和机遇令人瞩目。我们认为，中国经济将在2026年 步入更加温和但更趋稳定的增长阶段。随着中国经济逐步从房地产和投资驱动型模式转向以数字经济和 绿色经济为引擎、以服务业和消费驱动的新增长模式，我们预期未来几年中国经济将保持在中个位数的 稳健增长水平。在此过程中，KKR 作为长期投资者，将保持积极而审慎的投资策略，继续聚焦中国市 场中基本面强劲的优质机会，重点关注国内消费和服务业等兼具增长韧性与长期政策契合度的核心领 ...

Group 1 - The core point of the article highlights that Huazhi Wine's stock price has declined for four consecutive days, with a total drop of 7.37%, currently trading at 15.47 yuan per share and a market capitalization of 6.448 billion yuan [1] - Huazhi Wine operates in the marketing and service of domestic and international premium alcoholic beverages, with its main revenue sources being 91.97% from white liquor, 6.25% from imported wine, 1.11% from other beverages, and 0.67% from spirits [1] Group 2 - From the perspective of Huazhi Wine's top ten circulating shareholders, a fund under Xingzheng Global Fund has entered the top ten, holding 2.3013 million shares, which is 0.55% of the circulating shares, resulting in a floating loss of approximately 736,400 yuan today [2] - The fund, Xingquan Heyuan Two-Year Holding Mixed A, has a total asset scale of 1.724 billion yuan and has achieved a year-to-date return of 4.66%, ranking 4905 out of 8890 in its category [2] - The fund manager, Wu Zhaohua, has been in position for 1 year and 311 days, with the best fund return during his tenure being 64.85% and the worst being 63.03% [2]

Group 1 - The stock price of Huazhi Wine (300755.SZ) closed at 16.16 yuan, with a decline of 1.82% [1] - On September 22, 2025, Huazhi Wine's stock price reached a nearly two-year high of 23.85 yuan [2] - Tianfeng Securities analysts downgraded the profit forecast for Huazhi Wine and adjusted the rating to "Accumulate" [2] Group 2 - The previous report from Tianfeng Securities maintained a "Buy" rating for Huazhi Wine, indicating a potential for profit recovery in 2025 [2]

Group 1 - The company emphasizes the importance of digital channel construction and actively embraces the new retail development trend [2] - The company is committed to assisting stores in connecting with mainstream instant retail platforms [2] - Future exploration will focus on integrating online and offline, as well as in-store and out-of-store marketing models [2]

Core Viewpoint - The company, Huazhi Wine, is committed to continuously expanding its collaborations with renowned liquor manufacturers to provide customers with more authentic and high-quality products [2] Group 1 - The company is actively engaging with famous liquor producers to enhance its product offerings [2] - The focus is on ensuring product authenticity and quality for customers [2]

Market Overview - On February 4, the professional chain sector increased by 0.3% compared to the previous trading day, with Ai Ying Shi leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Stock Performance - Ai Ying Shi (603214) closed at 18.26, with a rise of 1.78% and a trading volume of 78,500 shares, amounting to a transaction value of 144 million yuan [1] - Yuan Shi De (002416) closed at 12.96, up 0.78%, with a trading volume of 157,800 shares and a transaction value of 203 million yuan [1] - Hai Zi Wang (301078) closed at 10.96, up 0.46%, with a trading volume of 398,800 shares [1] - Tian Yin Holdings (000829) closed at 10.35, up 0.10%, with a trading volume of 147,300 shares and a transaction value of 152 million yuan [1] - Bo Shi Eye Glasses (300622) closed at 30.10, down 0.10%, with a trading volume of 54,400 shares and a transaction value of 163 million yuan [1] - Hua Zhi Jiu Hang (300755) closed at 17.58, down 0.40%, with a trading volume of 188,900 shares [1] - Ji Feng Technology (300022) closed at 8.11, down 0.73%, with a trading volume of 131,200 shares [1] Capital Flow - The professional chain sector saw a net inflow of 23.47 million yuan from institutional investors, while retail investors experienced a net outflow of 39.90 million yuan [1] - The capital flow for individual stocks shows that Hai Zi Wang had a net outflow of 26.31 million yuan from institutional investors, while Ai Ying Shi had a net inflow of 15.01 million yuan [2] - Yuan Shi De had a net inflow of 11.15 million yuan from institutional investors, while Bo Shi Eye Glasses experienced a net outflow of 16.16 million yuan [2]

证券日报网讯2月3日，华致酒行（300755）在互动平台回答投资者提问时表示，根据中国证券登记结算 有限责任公司深圳分公司最新下发的股东名册，截至2026年1月30日，公司股东人数共计19347户。 ...

Core Viewpoint - Huazhi Wine's stock price increased by 2.85% on February 2, with a trading volume of 381 million yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On February 2, Huazhi Wine had a financing buy-in amount of 49.18 million yuan, with a net financing purchase of 17.33 million yuan after repayments [1]. - The total financing and margin trading balance reached 196 million yuan, representing 2.70% of the circulating market value, which is above the 60th percentile of the past year [1]. - In terms of securities lending, there were no shares repaid, with 13,800 shares sold short, amounting to 239,000 yuan at the closing price, and a lending balance of 538,700 yuan, exceeding the 90th percentile of the past year [1]. Company Overview - Huazhi Wine Chain Management Co., Ltd. is located in Beijing and was established on May 26, 2005, with its listing date on January 29, 2019 [1]. - The company's main business involves the marketing and service of domestic and international premium alcoholic beverages, with revenue composition as follows: 91.97% from white liquor, 6.25% from imported wine, 1.11% from other beverages, and 0.67% from spirits [1]. Shareholder and Financial Performance - As of January 20, the number of shareholders for Huazhi Wine was 16,300, a decrease of 1.47%, while the average circulating shares per person increased by 1.49% to 25,539 shares [2]. - For the period from January to September 2025, Huazhi Wine reported a revenue of 5.164 billion yuan, a year-on-year decrease of 34.07%, and a net profit attributable to shareholders of -199 million yuan, a significant decline of 218.48% [2]. - The company has distributed a total of 974 million yuan in dividends since its A-share listing, with 648 million yuan distributed over the past three years [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 4.7568 million shares, an increase of 1.0435 million shares from the previous period [2].