2 1 Shi Ji Jing Ji Bao Dao·2025-11-03 05:11Group 1: Industry Performance - The third-quarter reports for the liquor industry show a general decline in performance across various segments, with the white liquor sector experiencing particularly severe downturns, leading some investors to view it as a "bomb" while others see it as a sign that bad news has been fully priced in [1][9] - The overall performance of the beer industry is also down, with only a few leading companies like Qingdao Beer, Yanjing Beer, and Zhujiang Beer reporting revenue growth, while others like Budweiser AP and Chongqing Beer faced declines [13][14] Group 2: Company-Specific Developments - Wuliangye's new product "29 Degrees Wuliangye" achieved sales exceeding 100 million yuan within just two months of its launch, primarily through online sales channels [3] - Langjiu announced that its storage of sauce-flavored liquor has reached 300,000 tons, with a planned sales volume of no more than 30,000 tons for the following year [4] - The chairman of Jiubianli, Liu Peng, has been arrested on criminal charges, although the company asserts that this matter is unrelated to its operations [5][6] - The revenue of Kuaijishan surpassed that of Guyue Longshan in the first three quarters, with Kuaijishan reporting a revenue of 1.212 billion yuan, a year-on-year increase of 14.12% [10] Group 3: Market Reactions - Despite the poor performance reported in the third-quarter results, the stock prices of several liquor companies, including Gujing Gongjiu and Shede Jiuye, saw increases, indicating a potential market recovery or investor optimism [9] - In the northwest region, companies like Tianyoude and Yilite reported significant declines in revenue and net profit, while Jinhui Wine managed to limit its declines to a slight drop in revenue of 0.97% [11][12]