TIANYOUDE(SZ:002646) Sou Hu Cai Jing·2025-08-20 08:56Core Viewpoint - Tianyoude Liquor (SZ002646) reported a decline in revenue and net profit for the first half of 2025, while cash flow from operating activities showed significant growth [1][2]. Financial Performance - Revenue for the first half of 2025 was 674 million yuan, a decrease of 11.24% compared to the same period last year [2]. - Net profit attributable to shareholders was 51.46 million yuan, down 35.37% year-on-year [2]. - Net cash flow from operating activities reached 54.01 million yuan, an increase of 136.47% compared to the previous year [1][2]. - Basic and diluted earnings per share were both 0.1080 yuan, reflecting a decline of 34.90% [2]. - The weighted average return on equity was 1.81%, down from 2.78% [2]. Sales and Production Metrics - Sales volume of Qingke liquor was 7,313 tons, a year-on-year decrease of 16.85% [2]. - Production volume was 5,968 tons, down 17.58% compared to the previous year [2]. - Inventory levels stood at 3,600 tons, a reduction of 10.38% year-on-year [2]. Distribution Network - As of June 2025, the number of distributors in the Qinghai region remained stable at 77, while the total number of distributors in other regions increased by 11 to 522 [3][4].