泸州老窖：第三季度净利润30.99亿元

Core Viewpoint - Luzhou Laojiao reported a decline in both revenue and net profit for the third quarter of 2025, indicating challenges in sales and increased operating expenses [1] Financial Performance - In Q3 2025, the company achieved a revenue of 6.674 billion yuan, a year-on-year decrease of 9.80% [1] - The net profit attributable to shareholders for Q3 2025 was 3.099 billion yuan, down 13.07% year-on-year [1] - For the first three quarters of 2025, the total revenue was 23.127 billion yuan, reflecting a decline of 4.84% compared to the previous year [1] - The net profit attributable to shareholders for the first three quarters was 10.762 billion yuan, which is a decrease of 7.17% year-on-year [1] Reasons for Performance - The decline in performance is primarily attributed to reduced sales and increased non-operating expenses [1]