皇台酒业上市25周年：归母净利润微增4.88%，市值较峰值蒸发六成

Core Viewpoint - The company, Huangtai Liquor, has shown fluctuating financial performance over the years, with a significant reliance on grain liquor as its primary revenue source, accounting for 94.86% of its product revenue structure [2] Financial Performance - In 2000, the company achieved a net profit attributable to shareholders of 0.26 billion yuan, which increased to 0.28 billion yuan by the fiscal year 2024, reflecting a cumulative growth of 4.88% over 25 years [2] - The company has experienced 11 years of losses, with net profit growth occurring in 9 years, representing 36.0% of the total years [2] - Revenue increased from 1.02 billion yuan in 2020 to 1.72 billion yuan in 2024, with a notable revenue growth rate of 49.77% in 2022 [2] - The net profit attributable to shareholders was 0.33 billion yuan in 2020, decreasing to 0.28 billion yuan in 2024, indicating significant volatility in profitability [2] Market Capitalization - Since its listing, the company's market value has grown by 0.18 times, peaking at 66.83 billion yuan on June 8, 2021, with a corresponding stock price of 37.67 yuan [4] - As of August 6, the stock price was 14.52 yuan, and the market capitalization was 25.76 billion yuan, representing a decrease of 41.07 billion yuan from its peak, equating to a market value evaporation of 61.45% [4]