水井坊紧急辟谣，股价跌超2%，前一日涨停

Core Viewpoint - Water Margin's stock price experienced volatility, initially dropping by 2.79% to 38.69 yuan per share after a previous surge that led to a limit-up closing, driven by rumors of a potential acquisition by Jian Nan Chun [1][7]. Group 1: Stock Performance - On December 26, Water Margin's stock opened lower at 38.69 yuan, down 2.79%, leading the decline in the liquor sector [1]. - The day before, on December 25, the stock price surged and closed at the daily limit, leading the entire liquor sector [1][7]. - The market capitalization of Water Margin is reported at 189 billion yuan, with a PE ratio of 34.8 [2]. Group 2: Acquisition Rumors - Water Margin issued a clarification on December 25, denying rumors of being acquired by Jian Nan Chun, stating that the reports were untrue [3]. - The source of the acquisition rumor remains unclear, with Water Margin representatives expressing surprise at the speculation [7]. - Jian Nan Chun, a larger liquor company with sales exceeding 169 billion yuan in 2023, has been speculated to be interested in Water Margin [8]. Group 3: Market Context - The liquor production industry has faced restrictions on IPOs, with no successful listings since 2016, leading many companies to consider Hong Kong for public offerings [8]. - Jian Nan Chun faces additional challenges for potential listing due to legal issues involving its actual controller and trademark ownership disputes [8].