WLY(SZ:000858) Sou Hu Cai Jing·2025-06-30 22:56Core Viewpoint - Wuliangye has experienced a decline in stock price over three consecutive trading days, with a cumulative drop of -1.07% as of June 30. The company is located in Yibin, a region recognized for its suitability for producing high-quality distilled liquor, and has seen a reduction in holdings by its major shareholder, the China Merchants Fund [1][2]. Company Overview - Yibin Wuliangye Co., Ltd. was established on April 21, 1998, and is situated in Yibin, known as one of the world's top ten liquor-producing areas with over 4,000 years of brewing history [1]. - The company has been acknowledged by UNESCO and FAO for its ideal conditions for producing premium liquor [1]. Financial Performance - The China Merchants Fund's Wuliangye stock holdings were reduced in the first quarter of this year, with the fund's year-to-date return at -11.10%, ranking 3412 out of 3428 in its category [1][2]. - The performance metrics for Wuliangye show a year-to-date decline of -11.10%, with a quarterly drop of -12.17% and a six-month decline of -11.10% [2]. Fund Management - The fund manager for the China Merchants CSI Liquor Index (LOF) is Hou Hao, who has extensive experience in risk management and quantitative investment strategies [3][4]. - Hou Hao has been with China Merchants Fund since 2009 and has managed various funds, including the CSI Liquor Index since January 1, 2021 [3][4].