Bestore(SH:603719) Bei Jing Shang Bao·2025-08-13 12:41Group 1: Company Updates - Good Products Company received a notification from its controlling shareholder, Ningbo Hanyi, regarding the release and pledge of some shares [1] - As of the announcement date, Ningbo Hanyi holds approximately 141 million shares, accounting for 35.23% of the total share capital [1] - After the release and pledge of shares, Ningbo Hanyi has a total of 75.9 million shares pledged, which represents 53.72% of its holdings and 18.93% of the total share capital [1] Group 2: Financial Performance - Treasury Wine Estates reported a significant increase in net profit for the fiscal year 2025, reaching AUD 436.9 million, a growth of 341.8% [2] - Excluding major projects and SGARA impacts, the net profit was AUD 470.6 million, reflecting a growth of 15.5% [2] - The strong performance was attributed to the robust growth of Penfolds and contributions from DAOU, with EBITS increasing by 17.0% to AUD 770.3 million [2] Group 3: Market Insights - Penfolds' EBITS grew by 13.2% to AUD 477 million, with an EBITS margin of 44.4%, up by 2.3 percentage points [2] - The growth was primarily driven by increased shipments of the Bin series and luxury products in the Chinese market, aided by the return of Australian products to this market [2] - Adjustments in allocations for other key markets to meet Chinese demand indirectly affected shipment volumes [2]