五粮液：积极策划股东优惠购酒活动

Core Viewpoint - Wuliangye is actively planning shareholder benefit activities to enhance investor satisfaction and engagement [2]. Group 1: Shareholder Benefits - On December 1, 2025, to January 31, 2026, shareholders holding 500 shares or more of Emei Mountain A will enjoy various benefits, including free entry to the scenic area, free cable car rides, hot spring access, and hotel discounts [4]. - Other liquor companies, such as Shede Liquor and Yingjia Gongjiu, have also organized similar shareholder benefit activities in the first half of the year [5]. Group 2: Dividend Distribution - Since its listing in 1998, Wuliangye has implemented 25 cash dividend distributions, totaling over 120 billion yuan [5]. - The company announced a mid-term profit distribution plan in October, proposing a cash dividend of 25.78 yuan per 10 shares (including tax) [5]. - The cumulative net profit since listing is approximately 254.72 billion yuan, with a cumulative cash dividend of about 126.44 billion yuan, resulting in an average dividend rate of 49.64% [6]. Group 3: Financial Performance - In the first three quarters of this year, Wuliangye reported an operating income of 60.945 billion yuan, a year-on-year decrease of 10.26%, and a net profit attributable to shareholders of 21.511 billion yuan, down 13.72% year-on-year [6].