天佑德酒前三季度归母净利下降62.03%

Core Viewpoint - Tianyoude Liquor reported a significant decline in both revenue and net profit for the first three quarters of 2025, attributed to macroeconomic factors and a conservative consumer sentiment impacting the liquor industry [1] Financial Performance - The company achieved a revenue of 880 million yuan for the first three quarters, a year-on-year decrease of 10.79% [1] - The net profit attributable to shareholders was 21.814 million yuan, down 62.03% year-on-year [1] - In the third quarter, the revenue was 207 million yuan, reflecting a year-on-year decline of 9.28% [1] - The net profit for the third quarter was a loss of 29.6462 million yuan, a decrease of 33.73% year-on-year [1] Industry Context - The decline in net profit is primarily due to the slowdown in macroeconomic growth, leading to a conservative consumer spending attitude [1] - The overall demand for liquor is under pressure, indicating that the liquor industry is currently in a cyclical destocking phase [1] - Increased market investment has also contributed to the decline in revenue [1]