Shede Spirits (SH:600702) Sou Hu Cai Jing·2025-10-29 15:20Group 1 - The core viewpoint of the article highlights the performance of Shede Liquor Industry in the third quarter of 2025, showcasing a steady growth in revenue and profit despite industry challenges [1][3] - For the first three quarters, the company achieved an operating income of 3.702 billion yuan and a net profit attributable to shareholders of 472 million yuan [1] - The sales revenue from ordinary liquor increased by 16.46% year-on-year, while e-commerce channel sales revenue surged by 39.62% year-on-year [1] Group 2 - The white liquor industry is navigating through pressures and recovery, with Shede Liquor adhering to its old liquor strategy and implementing a volume control and price support approach [3] - The company is continuously optimizing its profit structure and exploring new market opportunities, demonstrating resilience and stability in its operations amid industry fluctuations [3] - The improvement in performance indicates strong momentum for future growth [3]