澄清“不做白酒”传闻，金种子酒早盘涨近8%，白酒业务亏损

Core Viewpoint - Jinzhongzi Liquor clarified recent media reports regarding its business scope change, emphasizing that the adjustment from "production of liquor and other alcoholic beverages" to "production of alcoholic products" is a regulatory compliance measure and does not indicate a shift away from its core liquor business [2]. Group 1: Business Operations - Jinzhongzi Liquor primarily engages in the production and sales of liquor, including various product lines such as Jinzhongzi series, Zongzi series, and Zuì Sānqiū series [3]. - To focus on its liquor business and alleviate financial pressure, the company plans to divest its pharmaceutical segment by transferring 92% of its stake in Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. [3]. - The company has faced significant challenges in its liquor business, with a reported revenue of 296 million yuan in Q1 2025, a year-on-year decline of 29.41%, and a net profit loss of approximately 38.93 million yuan, a decrease of 320.62% [3]. Group 2: Financial Performance - Jinzhongzi Liquor has recorded net profit losses for four consecutive years, with cumulative losses exceeding 600 million yuan from 2021 to 2024 [3]. - In 2022, the company experienced a slight revenue decline of 2.1% and a net profit drop of 12.5% [4]. - Although there was a reduction in losses in 2023, the company continued to struggle financially, with performance declining again in 2024, indicating ongoing challenges for the new majority owner, China Resources Group [4].