千亿龙头，拟分红约20亿元

Group 1 - The core point of the article is that Luzhou Laojiao announced a mid-term profit distribution plan, proposing a cash dividend of 13.58 yuan per 10 shares, totaling approximately 2 billion yuan [1][4] - For the first three quarters of 2025, Luzhou Laojiao achieved an operating income of 23.127 billion yuan and a net profit attributable to shareholders of 10.762 billion yuan, with a net cash flow from operating activities of 9.823 billion yuan [3] - The company has a profit distribution plan for 2024-2026, with cash dividend ratios set to increase annually, not less than 65%, 70%, and 75%, with absolute amounts not less than 8.5 billion yuan each year [3] Group 2 - Luzhou Laojiao's high-end product, Guojiao 1573, has established a scale of over 20 billion yuan, serving as a cornerstone for the company's performance [3] - The company is adapting its product strategy to market changes by focusing on high-end brand value while also targeting younger and lower-alcohol markets, exemplified by the 38-degree Guojiao 1573 becoming a billion-level product [3] - Industry analysts view the 2 billion yuan mid-term dividend as a routine measure to fulfill high dividend commitments, supported by the company's over 10 billion yuan net profit and ample cash flow [4]