Company Overview - Zhenjiu Lidu (06979) experienced a decline of over 6%, currently trading at HKD 8.87, with a transaction volume of HKD 36.53 million [1] Business Strategy - The company announced a phased suspension of recruitment for distributors in certain cities across five provinces: Henan, Guizhou, Hunan, Shandong, and Yunnan, to "ensure healthy market operations" [1] - The decision was made due to a saturation of the distributor network in some cities, aiming to prevent increased competition among local distributors and protect their interests [1] Industry Context - The Chinese liquor industry is currently undergoing an adjustment period, facing challenges such as high inventory levels and price inversions, leading to weak overall performance in wholesale prices during the first half of the year [1] - Reports indicate that during this year's "Double Eleven" shopping festival, the price of Feitian Moutai frequently appeared at CNY 1499, although investigations revealed that the actual market price remains around CNY 2000 per bottle [1]
珍酒李渡再跌超6% 大珍阶段性暂停部分区域招商 白酒行业仍处调整期