舍得酒业针对上交所问询进行回复：公司库存未积压

Core Viewpoint - Shede Liquor Industry Co., Ltd. responded to the Shanghai Stock Exchange's inquiry regarding its 2024 annual report, emphasizing that the company's inventory is not overstocked and is within a reasonable range [1] Group 1: Business Operations - The Shanghai Stock Exchange inquired about Shede Liquor's main business, cash flow, inventory scale, and construction projects [1] - The company stated that the procurement and production cycle for its products takes approximately 2 to 3 months [1] - Based on the turnover of inventory goods, the company confirmed that there is no inventory backlog and that the inventory is within a reasonable range [1] Group 2: Inventory Management - The company noted that the decline in inventory turnover rate is reasonable when considering the average market price and terminal sales over the past three years, along with its old liquor reserve strategy [1] - Shede Liquor reiterated that its inventory levels are aligned with the procurement and production cycle, confirming that there is no accumulation of stock [1]