老白干酒：武陵酒没有中间经销商分销，更侧重高端私人宴饮与礼品市场

Group 1 - The company is focusing on cost reduction and efficiency improvement through comprehensive budget management and internal initiatives to lower expense ratios and enhance profitability [1] - In the first half of the year, the company actively expanded its regional market presence and strengthened brand promotion and consumer engagement despite industry challenges [1] - The management indicated that the company has adopted a direct sales model without intermediaries, targeting high-end private banquets and gift markets to stabilize prices and promote healthy channel development [1] Group 2 - The company has enhanced its online presence by establishing official flagship stores on platforms like JD, Tmall, Douyin, and Pinduoduo, while also building a store matrix through partnerships [2] - The company is embracing instant retail channels and has partnered with Yima to effectively integrate online and offline resources for deeper operational synergy [2]