洋河股份：前三季度实现营业收入180.90亿元

Group 1 - The core viewpoint of the article highlights the significant decline in Yanghe Brewery's financial performance for the third quarter of 2025, with a notable drop in both revenue and net profit [1] Group 2 - For the first three quarters of 2025, the company achieved an operating income of 18.09 billion yuan, representing a year-on-year decrease of 34.26% [1] - The net profit attributable to shareholders for the same period was 3.975 billion yuan, down 53.66% year-on-year [1] - In the third quarter alone, the operating income was 3.295 billion yuan, reflecting a year-on-year decline of 29.01% [1] - The net profit attributable to shareholders in the third quarter turned negative, amounting to -369 million yuan, indicating a loss compared to the previous year [1] - The decline in performance is primarily attributed to the unfavorable market conditions in the liquor sales sector, leading to decreased sales volume and revenue [1]