泸州老窖2025年半年报：稳健经营筑基蓄力长期增长

Core Viewpoint - Luzhou Laojiao's financial report for the first half of 2025 shows resilience amid industry challenges, with a focus on long-term value and adaptability to market changes [1] Financial Performance - Luzhou Laojiao achieved operating revenue of 16.454 billion yuan and a net profit attributable to shareholders of 7.663 billion yuan in the first half of 2025 [1] Industry Context - The company is navigating a challenging environment characterized by policy adjustments, shifts in consumer structure, and intensified competition within the liquor industry [1] - Luzhou Laojiao emphasizes a long-term strategy and value-driven approach to maintain resilience through industry cycles [1]