泸州老窖上半年实现营收164.54亿元

Core Insights - Luzhou Laojiao Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, with total revenue at 16.454 billion yuan, down 2.67% year-on-year, and net profit attributable to shareholders at 7.663 billion yuan, down 4.54% year-on-year [2] Financial Performance - The company achieved a net cash flow from operating activities of 6.064 billion yuan, reflecting a significant decrease of 26.27% year-on-year [2] - Revenue from traditional channels was 15.465 billion yuan, showing a decline of 3.99%, while revenue from emerging channels reached 0.932 billion yuan, an increase of 27.55% [2] Product Segmentation - Revenue from mid-to-high-end liquor was 15.048 billion yuan, down 1.09% year-on-year, while other liquor categories generated 1.35 billion yuan, down 16.96% year-on-year [2]