SCSF(SH:600779) Xin Lang Cai Jing·2025-12-25 05:39Core Viewpoint - Water Margin's stock price has experienced a significant decline of 29.75% this year, with a recent slight recovery of 1.79% over the past five trading days, indicating potential volatility in the market [1]. Group 1: Stock Performance - As of December 25, Water Margin's stock price rose by 2.05% to 36.92 CNY per share, with a trading volume of 67.27 million CNY and a turnover rate of 0.38%, resulting in a total market capitalization of 17.999 billion CNY [1]. - The net inflow of main funds was 115,700 CNY, with large orders buying 8.21 million CNY (12.21% of total) and selling 8.10 million CNY (12.04% of total) [1]. - Over the last 20 days, the stock has decreased by 8.02%, and over the last 60 days, it has dropped by 16.47% [1]. Group 2: Company Overview - Sichuan Water Margin Co., Ltd. was established on December 21, 1993, and listed on December 6, 1996, primarily engaged in the production and sales of liquor products [1]. - The company's revenue composition is as follows: high-end products account for 87.10%, other products for 7.10%, and mid-range products for 5.81% [1]. - Water Margin is classified under the food and beverage industry, specifically in the liquor sector, and is associated with concepts such as liquor, mid-cap, margin financing, community group buying, and MSCI China [1]. Group 3: Financial Performance - For the period from January to September 2025, Water Margin reported a revenue of 2.348 billion CNY, representing a year-on-year decrease of 38.01%, while the net profit attributable to shareholders was 326 million CNY, down 71.02% year-on-year [1]. - Cumulatively, since its A-share listing, Water Margin has distributed a total of 5.378 billion CNY in dividends, with 1.280 billion CNY distributed over the past three years [2]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Water Margin was 80,500, a decrease of 5.58% from the previous period, with an average of 6,053 circulating shares per person, an increase of 5.91% [1]. - Among the top ten circulating shareholders, the China Securities White Wine Index A (161725) holds 17.73 million shares, an increase of 1.6367 million shares from the previous period [2].