Core Viewpoint - The current state of the liquor industry, particularly the white liquor sector, is challenging, with traditional consumption patterns becoming less effective as the market evolves [1] Industry Summary - The white liquor industry has experienced its worst performance in nearly a decade during the third quarter of this year, with many companies struggling [1] - The traditional consumption model, which relied heavily on government and business scenarios, is no longer sustainable as consumer preferences shift [1] - There is a growing need for companies to focus on casual drinking scenarios, such as home consumption and social gatherings, which have been largely overlooked [1] Company Summary - Shanxi Fenjiu is one of the few companies that maintained growth, reporting a revenue of 32.92 billion yuan, a 5% increase year-on-year, and a net profit of 11.41 billion yuan, up 0.5% year-on-year for the first three quarters of 2025 [1] - The company’s performance at the recent global dealer conference has drawn significant attention within the industry [1] - The chairman of Shanxi Fenjiu, Yuan Qingmao, emphasized the need for the industry to adapt to a market that balances traditional values with modern consumer preferences, indicating a future where both social and personal consumption will coexist [1]
汾酒董事长袁清茂称白酒行业传统经验几乎失效