SCSF(SH:600779) Xin Lang Cai Jing·2025-12-26 04:11Group 1 - Water Well Company (水井坊) issued a clarification announcement denying media reports about a potential acquisition by another liquor company, specifically Jian Nan Chun, stating that the reports are untrue [1] - Following the acquisition rumors, Water Well's stock price surged to a closing price of 39.8 yuan, with a total market capitalization of 19.4 billion yuan, but subsequently fell to 38.95 yuan the next day after the clarification [1][2] - The company has been facing performance pressure, with a reported revenue of 2.348 billion yuan for the first three quarters of the year, a year-on-year decline of 38.01%, and a net profit of 326 million yuan, down 71.02% [2] Group 2 - The white liquor industry is currently undergoing adjustments, with the number of large-scale enterprises decreasing by over 100 to 887, and production volume down by 5.8% to 1.9159 million kiloliters [3] - Sales revenue for the industry showed a slight increase of 0.19% to 330.42 billion yuan, while profits decreased by 10.93% to 87.687 billion yuan [3] - Analysts suggest that consumer behavior is shifting towards more rational spending, impacting the mid-to-high-end market, which is experiencing inventory issues and price inversions due to previous overproduction [3]