Shede Spirits (SH:600702) Xin Lang Cai Jing·2025-11-20 05:35Core Insights - Shede Liquor's stock price increased by 2.01% on November 20, reaching 64.30 CNY per share, with a total market capitalization of 21.396 billion CNY [1] - The company experienced a year-to-date stock price decline of 1.84%, with a 4.09% drop over the last five trading days, but a 3.84% increase over the last 20 days [1] Financial Performance - For the period from January to September 2025, Shede Liquor reported a revenue of 3.702 billion CNY, a year-on-year decrease of 17.00%, and a net profit attributable to shareholders of 472 million CNY, down 29.43% year-on-year [2] - The company has distributed a total of 2.29 billion CNY in dividends since its A-share listing, with 1.353 billion CNY distributed over the last three years [2] Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 11.81% to 114,400, while the average number of circulating shares per person increased by 13.39% to 2,908 shares [2] - Major shareholders include the China Securities White Wine Index A and the Wine ETF, with significant holdings remaining stable or increasing [2]