水井坊：预计2025年度净利润同比下降71%

Group 1 - The company, Shui Jing Fang (600779.SH), expects a net profit attributable to shareholders of the parent company to be 391.85 million yuan in 2025, representing a 71% decrease year-on-year [1] - The company anticipates an operating revenue of 3.03776 billion yuan in 2025, which is a 42% decline [1] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be 380.72 million yuan, also reflecting a 71% year-on-year decrease [1] Group 2 - The liquor industry is entering a deep adjustment phase in 2025 due to multiple influences, including macroeconomic cycles, industry adjustments, and policy changes [1] - The recovery of traditional business banquet consumption scenarios is slow, and overall industry inventory remains at a high level [1]