迎驾贡酒三季报“遇冷”：第三季度净利下滑近四成

Core Viewpoint - Anhui Yingjia Gongjiu Co., Ltd. reported a significant decline in both revenue and net profit for the first three quarters of 2025, primarily attributed to weak consumer demand [1] Financial Performance - For the first three quarters, the company achieved operating revenue of 4.516 billion yuan, a year-on-year decrease of 18.09% [1] - The net profit attributable to shareholders was 1.511 billion yuan, down 24.67% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 1.474 billion yuan, a decline of 26.16% [1] - In Q3 alone, the company reported operating revenue of 1.356 billion yuan, a substantial drop of 20.76% year-on-year [1] - The net profit for Q3 was 381 million yuan, down 39.01% year-on-year [1] Cash Flow - The company's operating cash flow showed a deteriorating trend, with a net cash flow from operating activities of 789 million yuan for the first three quarters, a significant decline of 38.13% [1] - The decrease in cash flow was mainly due to a reduction in cash received from sales of goods and services [1] Product Sales - In terms of product sales, the company generated revenue of 1.014 billion yuan from mid-to-high-end liquor and 260 million yuan from ordinary liquor during the first three quarters [1] - From January to September, the company achieved sales revenue of 875 million yuan in its home province and 398 million yuan from outside the province [1]