Group 1 - The chairman of the company, Wu Xiangdong, indicated that the performance decline in 2024 is influenced by macroeconomic conditions, deep industry adjustments, and internal company issues [1] - The Chinese liquor distribution industry is highly competitive with low entry barriers for distributors and intense online competition [1] - Despite the current industry downturn, the company maintains confidence in the long-term profitability of excellent enterprises and the sustained growth of leading brands [1] Group 2 - The company plans to focus on building a "genuine liquor channel brand" and a "supply chain service platform" in the liquor distribution sector as part of its strategic goals for 2025 [2] - The management has initiated cooperation projects with local liquor brands based on regional market demands, which are expected to become new growth points [2] - The company has upgraded its strategic partnership with Penfolds, becoming the exclusive agent for certain wine series, positioning itself as a leader in the imported wine market in China [2]
华致酒行：筑牢护城河 打造健康可持续生态体系