JGJC(SZ:000799) Jin Rong Jie·2025-07-18 03:00Core Insights - The company has experienced significant growth since its listing in 1997, with a market capitalization increase from 5.64 billion to 15.85 billion, reflecting the broader trends in the liquor industry [1][5] - However, recent years have shown a marked decline in the company's operational performance, with a substantial drop in both revenue and net profit [3] Revenue Analysis - The main business of the company includes the production and sale of the Jiugui liquor series and the Xiangquan liquor series, with the Jiugui series accounting for 58.66% of total revenue [3] - Revenue peaked at 1.826 billion in 2020 but fell to 1.423 billion in 2024, indicating a significant downturn after rapid growth in 2021 and 2022 [3] Profitability Analysis - The company reported a net profit of 160 million in 1997, but this figure plummeted to 12 million by 2024, representing a cumulative profit decline of 92.19% [3] - The profitability peaked in 2021 and 2022 but has sharply deteriorated in the last two years, with net profit dropping from 492 million in 2020 to 12 million in 2024 [3] Market Capitalization Trends - Since its peak market capitalization of 89.97 billion in September 2021, the company's market value has decreased by 74.12 billion, equating to an 82.38% loss [5]