洋河股份第三季度净亏损3.69亿元，白酒销售下滑

Core Insights - Yanghe Co., Ltd. reported a net loss of 369 million yuan in the third quarter of 2025, with a significant decline in both sales volume and revenue of its liquor products [1][2] Financial Performance - The company achieved a total revenue of 18.09 billion yuan for the first three quarters, representing a year-on-year decrease of 34.26% [2] - In the third quarter alone, revenue was 3.29 billion yuan, down 29.01% compared to the same period last year [2] - The net profit attributable to shareholders for the first three quarters was 3.98 billion yuan, a decline of 53.66% year-on-year [2] - The third quarter net profit was reported at -369 million yuan, marking a shift from profit to loss [1][2] - Basic earnings per share for the third quarter were -0.2447 yuan, a decrease of 158.37% year-on-year [2] Cash Flow and Assets - The net cash flow from operating activities decreased by 72.06%, amounting to approximately 966 million yuan [2] - Total assets at the end of the reporting period were approximately 59.50 billion yuan, reflecting a decrease of 11.64% from the previous year [2] - Shareholder equity was reported at approximately 48.56 billion yuan, down 5.86% from the previous year [2]