口子窖(603589.SH)发预减，预计2025年度归母净利润6.62亿元到8.28亿元，同比减少50%到60%

Core Viewpoint - The company, Kouzi Jiao, expects a significant decline in net profit for the year 2025, projecting a range of 662 million to 828 million yuan, which represents a year-on-year decrease of 50% to 60% [1] Group 1: Financial Performance - The primary reason for the profit reduction is attributed to the intensified market differentiation and channel transformation within the liquor industry, coupled with declining demand and policy changes [1] - The core profit source, high-end liquor product sales, has seen a substantial drop, leading to a decrease in operating revenue [1] - To ensure ongoing operations and market investments, the decline in management and sales expenses has been less than the decrease in operating revenue, resulting in a larger decline in total profit [1]