2025年8月20日，华致酒行(300755.SZ)发布2025年半年度报告。截至2025年8月19日，共有10个机构投 资者披露持有华致酒行A股股份，合计持股量达2.99亿股，占华致酒行总股本的71.67%。其中，前十大 机构投资者包括云南融睿高新技术投资管理有限公司、西藏融睿投资有限公司、华泽集团有限公司、香 港中央结算有限公司、中国银河证券股份有限公司、北信瑞丰优选成长、国联智选先锋股票A、天弘中 证1000增强策略ETF、华泰紫金沪深300指数增强发起A、明亚中证1000指数增强A，前十大机构投资者 合计持股比例达71.67%。相较于上一季度，前十大机构持股比例合计上涨了0.65个百分点。 公募基金方面，本期较上一季度新披露的公募基金共计5个，包括北信瑞丰优选成长、国联智选先锋股 票A、天弘中证1000增强策略ETF、华泰紫金沪深300指数增强发起A、明亚中证1000指数增强A。本期 较上一季未再披露的公募基金共计2个，包括南方中证1000ETF、创金合信量化多因子股票A。 外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.40%。 以上内容与数据，与有 ...

Core Viewpoint - The financial performance of Huazhi Liquor Chain Management Co., Ltd. for the first half of 2025 shows a significant decline in revenue and net profit compared to the same period last year, indicating potential challenges in the company's operations and market conditions [1][5]. Financial Performance Summary - Operating revenue for the reporting period was approximately 3.95 billion yuan, a decrease of 33.55% from 5.94 billion yuan in the same period last year [1]. - Net profit attributable to shareholders of the listed company was approximately 56.21 million yuan, down 63.75% from 155.07 million yuan year-on-year [1]. - The net profit after deducting non-recurring gains and losses was not specified, but the overall financial health appears to be under pressure [1]. - The net cash flow from operating activities was approximately 116.59 million yuan, showing a significant improvement of 293.70% compared to a negative cash flow of 60.19 million yuan in the previous year [1]. - Basic and diluted earnings per share were both 0.13 yuan, a decrease of 65.79% from 0.38 yuan in the previous year [1]. - The weighted average return on net assets was 1.77%, down 2.36% from 4.13% in the previous year [1]. Asset and Equity Summary - Total assets at the end of the reporting period were approximately 5.62 billion yuan, a decrease of 20.98% from 7.11 billion yuan at the end of the previous year [1]. - Net assets attributable to shareholders of the listed company were approximately 3.18 billion yuan, reflecting a slight increase of 0.61% from 3.16 billion yuan [2]. Shareholder Structure - The largest shareholder, Yunnan Rongrui High-tech Investment Management Co., Ltd., holds 47.80% of the shares, followed by Tibet Rongrui Investment Co., Ltd. with 14.52% [2]. - The top ten shareholders include various entities, with the largest being non-state-owned legal persons [2][4].

Core Viewpoint - The company held its sixth board meeting, where several key resolutions were passed, including the approval of the 2025 semi-annual report, asset impairment provisions, guarantees for subsidiary credit applications, and revisions to governance policies [1][2][3][4][5][6] Group 1: Semi-Annual Report - The board approved the 2025 semi-annual report, confirming that the report's preparation complied with legal and regulatory requirements, accurately reflecting the company's actual situation without any false records or omissions [1][2] Group 2: Asset Impairment Provisions - The company conducted a comprehensive review and impairment testing of its assets as of June 30, 2025, resulting in a total impairment provision of 61.18 million yuan, which will be reflected in the 2025 semi-annual profit and loss statement [3][4] Group 3: Guarantees for Subsidiary - The board approved a guarantee for its wholly-owned subsidiary, Huazhi Chenxiang E-commerce Co., Ltd., to apply for a comprehensive credit line of up to 100 million yuan from Hangzhou Bank, with a term of 12 months [4][5] Group 4: Governance Policy Revisions - The company revised and formulated certain governance policies to optimize its governance structure and comply with the latest legal regulations, ensuring better operational standards [5][6]

Group 1: Market Challenges and Company Response - The liquor market is under pressure due to multiple factors, including industry cycle fluctuations and tightening macro policies, leading to increased operational challenges [2][3] - The company has actively responded to performance pressures by adjusting strategies, optimizing inventory structure, and promoting transformation [2][3] Group 2: Operational Achievements - Inventory reduction efforts have been successful, with inventory decreasing from CNY 3.259 billion to CNY 2.822 billion, resulting in a 293.7% year-on-year increase in operating cash flow [3] - The asset-liability ratio improved from 54.13% to 41.83%, enhancing the company's ability to withstand cyclical risks [3] Group 3: Cost Control Measures - The company implemented cost reduction strategies, achieving a 40.48% decrease in sales expenses and a 24.81% reduction in management expenses [4] Group 4: Business Development Strategies - The company focused on a customer-centric operational model, enhancing its marketing network through three main store formats: "Hua Zhi Wine Shop," "Hua Zhi Famous Wine Library," and "Hua Zhi Preferred" [5][6] - A service-oriented supply chain platform was established to improve efficiency and quality, catering to diverse consumer needs [6] Group 5: Instant Retail Initiatives - The company launched instant retail services through various platforms, significantly improving consumer shopping efficiency and satisfaction [7] - The integration of online and offline services allows for rapid delivery, meeting immediate consumer demands for social and business occasions [7] Group 6: Organizational and Talent Development - The company emphasized talent development and organizational restructuring to enhance operational efficiency, shifting focus from sales-centric to customer-centric approaches [8][9] Group 7: Financial Performance and Market Outlook - The company reported a significant increase in cash flow from operating activities, attributed to effective inventory management and supplier collaboration [10][11] - Despite a challenging market, the company aims to increase the sales proportion of famous wines while expanding the premium wine market [12][13]

证券日报网讯 8月19日晚间，华致酒行发布公告称，公司第六届董事会第二次会议审议通过了《关于为 子公司申请综合授信提供担保的议案》等多项议案。 （文章来源：证券日报） ...

证券日报网讯 8月19日晚间，华致酒行发布公告称，公司全资子公司华致陈香电子商务有限公司拟向杭 州银行股份有限公司北京分行申请总敞口额度不超过人民币10，000万元的综合授信，期限为12个月， 在综合授信额度内办理包括但不限于流动资金贷款、银行票据、保函、信用证等有关业务，公司拟对其 申请的综合授信业务提供担保，最高担保金额不超过10，000万元。截至本公告披露日，公司对子公司 的担保余额为41，684.46万元，占公司最近一期经审计净资产的比例为13.21%。 （文章来源：证券日报） ...

来源：金融界 华致酒行最新一期业绩显示，截至2025中报，公司营业总收入39.49亿元、同比减少33.55%，归属净利 润5620.55万元，同比减少63.75%，扣非净利润3298.05万元，同比减少76.03%，流动比率2.206、速动比 率0.987、资产负债率41.83%。 天眼查商业履历信息显示，华致酒行连锁管理股份有限公司，成立于2005年，位于迪庆藏族自治州，是 一家以从事批发业为主的企业。企业注册资本41679.84万人民币，实缴资本41679.84万人民币。公司法 定代表人为杨武勇。 通过天眼查大数据分析，华致酒行连锁管理股份有限公司共对外投资了42家企业，参与招投标项目4 次，知识产权方面有商标信息883条，专利信息24条，此外企业还拥有行政许可8个。 金融界消息 截至2025年8月19日收盘，华致酒行（300755）报收于18.79元，上涨1.29%，换手率 1.79%，成交量7.44万手，成交金额1.40亿元。 资金流向方面，今日主力资金净流入1072.14万元，占比成交额7.64%。其中，超大单净流入107.79万 元、占成交额0.77%，大单净流入964.35万元、占成交额6.87 ...

华致酒行（SZ 300755，收盘价：18.79元）8月19日晚间发布公告称，截至本公告披露日，公司对子公 司的担保余额约为4.17亿元，占公司最近一期经审计净资产的比例为13.21%；相关担保均为公司对全 资、控股子公司提供担保。本次担保额度审议通过后，公司累计担保额度为人民币约20.23亿元，占最 近一期经审计净资产的64.08%，占公司最近一期经审计总资产的28.44%。 （文章来源：每日经济新闻） 2024年1至12月份，华致酒行的营业收入构成为：酒类行业占比98.71%，其他业务占比1.29%。 ...

Core Viewpoint - Huazhi Wine's semi-annual performance report indicates a significant decline in both revenue and net profit for the first half of 2025 compared to the previous year [2] Financial Performance - The company's revenue for the first half of 2025 is approximately 3.949 billion yuan, representing a year-on-year decrease of 33.55% [2] - The net profit attributable to shareholders is around 56.21 million yuan, which is a year-on-year decrease of 63.75% [2] - Basic earnings per share stand at 0.13 yuan, reflecting a year-on-year decline of 65.79% [2]

华致酒行(300755.SZ)发布2025年半年度报告，该公司营业收入为39.49亿元，同比减少33.55%。归属于 上市公司股东的净利润为5620.55万元，同比减少63.75%。归属于上市公司股东的扣除非经常性损益的 净利润为3298.05万元，同比减少76.03%。基本每股收益为0.13元。 ...