ZZPZH(SH:600436) Mei Ri Jing Ji Xin Wen·2025-12-09 16:28Group 1 - The core viewpoint of the article highlights the ongoing commitment of investor Lin Yuan to Pianzaihuang stock, despite recent poor financial performance [1][4] - Lin Yuan has been a shareholder since 2005 and believes Pianzaihuang is a unique product with significant market potential, comparing its future price to that of premium liquor [1][2] - The latest financial report from Pianzaihuang shows a revenue of 7.442 billion yuan for the first three quarters of 2025, a year-on-year decline of 11.93%, and a net profit of 2.129 billion yuan, down 20.74% [1][2] Group 2 - In Q3 2025, Pianzaihuang reported a revenue of 2.064 billion yuan, a decrease of 26.28%, and a net profit of 688 million yuan, down 28.82% [2] - The company's stock price has significantly declined, with a market value dropping from over 290 billion yuan in 2021 to 101.1 billion yuan as of December 9, 2025, representing a loss of approximately 188.9 billion yuan [4] - Pianzaihuang's inventory has increased to 6.16 billion yuan, a rise of 24.02% since the beginning of the year, indicating potential challenges in sales [1]