2 1 Shi Ji Jing Ji Bao Dao·2025-09-01 07:24Core Insights - The overall performance of the liquor industry has declined in the first half of the year, with over two-thirds of listed liquor companies experiencing a year-on-year decrease in performance, while only a few managed to maintain single-digit growth [2][10] Company Dynamics - Guizhou Moutai announced a share repurchase of 60 billion yuan and a new plan for the controlling shareholder to increase its stake by 30 to 33 billion yuan within six months, signaling confidence in the company's long-term value [3][4] - Li Du Liquor Company has suspended the supply of certain high-quality products due to resource scarcity, ensuring product quality and customer rights [5] - Shede Liquor launched a new low-alcohol product "Shede·Zizai" priced at 329 yuan, with a strategic partnership with JD.com for marketing and distribution [6] - Wuliangye's new product "Wuliangye·Yijianqingxin" was launched and sold out quickly during a live broadcast event, indicating strong market interest [7][8] - Moutai's new "Moutai 1935" product was launched with a controlled pricing model, aiming to solidify its position in the premium market segment [9] Industry Performance - Among 21 listed liquor companies, only six reported positive growth, with Moutai showing the highest increase of approximately 9% in revenue and net profit [10] - The beer industry showed mixed results, with Budweiser experiencing the largest decline, while Yanjing and Zhujiang breweries reported significant profit increases [12][13] - The yellow wine sector saw only one company, Kuaijishan, achieve double-digit revenue growth, while others like Guyue Longshan and Jinfeng reported declines [14] Industry Trends - The first half of 2025 saw a slight decrease in the production of liquor, with a total output of 191.59 million hectoliters, down 5.8%, while sales revenue increased marginally by 0.19% [16] - In Jiangsu Province, liquor production fell by 17% and beer production decreased by 3.9% in the first seven months of the year [17] Industry Events - The 114th National Sugar and Wine Fair is scheduled for March 26-28, 2026, in Chengdu, continuing to be a significant event for the industry [15] Personnel Changes - Zhu Xianghong has been appointed as the chairman of Huanghelou Liquor Company, while still serving as the general manager [18]