AGSW(SH:600199) Ge Long Hui A P P·2026-01-27 09:45Core Viewpoint - The liquor industry, particularly the white liquor sector, is undergoing significant adjustments, with companies like Jinzhongzi Liquor (600199.SH) facing ongoing challenges in profitability despite some improvements in loss reduction [1] Company Summary - Jinzhongzi Liquor expects a net profit attributable to shareholders of the listed company to be between -190 million yuan and -150 million yuan for 2025, an improvement from a loss of 258 million yuan in the same period last year [1] - The company is optimizing its business model and expense management in 2025, achieving some breakthroughs in consumer cultivation [1] - Despite these efforts, Jinzhongzi Liquor is not expected to turn a profit in 2025 due to continued investments in industry environment and consumer cultivation [1] Industry Summary - The white liquor industry is still in a deep adjustment phase, characterized by a notable reduction in sales volume and intensified market channel transformations [1] - Sales pressures are evident as the industry navigates through these changes, impacting overall profitability for companies within the sector [1]