直击业绩说明会丨迎驾贡酒股价年内已跌近25%，投资者业绩说明会上要说法？

Core Viewpoint - The company is facing significant pressure on its stock price, which has dropped 24.66% since the beginning of 2025, marking its second-worst performance since its listing [1][6]. Group 1: Stock Performance and Investor Concerns - Investors are concerned about how the company plans to stabilize its stock price amid a significant decline [3][5]. - The company's management has responded to investor inquiries with a calm demeanor, reiterating their commitment to improving operational performance and increasing dividends to enhance shareholder returns [2][5]. - Despite the stock price decline, several brokerage firms maintain a "buy" rating on the company's stock, indicating optimism about its future performance [6][11]. Group 2: Financial Performance and Market Challenges - The company reported a decline in revenue and net profit for the first quarter, attributed to a slowdown in economic growth and weak consumer demand [9][10]. - The company's revenue from outside its primary market has been growing, but its proportion of total revenue has decreased, reaching a five-year low in 2024 [10][11]. - The company has set ambitious targets for 2025, aiming for revenue of 7.6 billion and net profit of 2.62 billion, reflecting modest growth expectations [13]. Group 3: Strategic Initiatives and Future Outlook - The company plans to stabilize its core market in the short term while focusing on differentiated competition and regional strategies for market expansion [13]. - There are concerns that the company's mid-to-high-end strategy may have reached its peak, and it will need to enhance its brand competitiveness to regain growth momentum [13].