WLY(SZ:000858) Xin Lang Cai Jing·2025-11-21 12:09Core Viewpoint - Wuliangye (000858) is actively responding to investor concerns regarding the impact of macroeconomic factors on the liquor industry, emphasizing its commitment to innovation and market-centric strategies to enhance value creation [1] Group 1: Industry Concerns - The liquor consumption in China is closely linked to the real estate sector, with historical trends showing that affluent consumers significantly contributed to sales [1] - Macroeconomic challenges such as declining new population numbers, reduced vaccine procurement prices, intense domestic competition, and serious population aging are identified as long-term negative factors for the industry [1] Group 2: Company Strategy - The company plans to proactively innovate and adapt by focusing on customer and market needs, aiming to expand the consumer base, improve purchasing locations, and enrich usage scenarios [1] - Wuliangye's management highlighted their ongoing efforts to strengthen their market position and enhance value creation actions [1] Group 3: Historical Context - The company was listed in 1998, and the costs associated with the legal services during the IPO phase were determined based on regulations at that time [1]