Company Overview - Tianyoude Liquor, established on January 27, 2005, and listed on December 22, 2011, is located in Xidajie, Weiyuan Town, Huzhu County, Qinghai Province [2] - The company specializes in the research, production, and sales of barley liquor, with major brands including Huzhu, Tianyoude, Badazuo, Yongqing, and others [2] - The revenue composition includes 84.62% from barley liquor, with 44.44% from barley liquor priced at 100 yuan and above, and 40.19% from those priced below 100 yuan [2] Financial Performance - As of June 30, 2025, Tianyoude Liquor reported a revenue of 674 million yuan, a year-on-year decrease of 11.24%, and a net profit attributable to shareholders of 51.46 million yuan, down 35.37% year-on-year [2] - The company has distributed a total of 842 million yuan in dividends since its A-share listing, with 112 million yuan distributed over the past three years [3] Stock Performance - As of September 22, 2023, Tianyoude Liquor's stock price decreased by 2.03% to 9.63 yuan per share, with a market capitalization of 4.614 billion yuan [1] - Year-to-date, the stock has declined by 10.33%, with a 4.08% drop over the last five trading days and an 8.02% decline over the last 20 days [2] - The stock experienced a 3.89% increase over the last 60 days [2] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 1.61% to 51,500, with an average of 9,234 circulating shares per shareholder, an increase of 1.64% [2] - Major shareholders include the China Securities Index White Wine Index A and the Wine ETF, with significant increases in holdings [3]

Core Insights - Shede Liquor's stock price increased by 2.01% on September 19, reaching 65.51 CNY per share, with a total market capitalization of 21.799 billion CNY [1] - The company reported a year-to-date stock price change of 0.01%, with a 5-day decline of 0.97%, a 20-day increase of 7.55%, and a 60-day increase of 31.89% [1] - For the first half of 2025, Shede Liquor's revenue was 2.701 billion CNY, a year-on-year decrease of 17.41%, and the net profit attributable to shareholders was 443 million CNY, down 24.98% [2] Financial Performance - As of June 30, 2025, the number of shareholders decreased by 0.72% to 129,700, while the average circulating shares per person increased by 0.72% to 2,564 shares [2] - The company has distributed a total of 2.29 billion CNY in dividends since its A-share listing, with 1.353 billion CNY distributed over the past three years [2] Shareholder Structure - As of June 30, 2025, the second-largest circulating shareholder is the China Securities Index White Wine Index A, holding 16.4538 million shares, unchanged from the previous period [2] - The fifth-largest shareholder is the Wine ETF, which increased its holdings by 854,400 shares to 4.3687 million shares [2] - Hong Kong Central Clearing Limited, the sixth-largest shareholder, reduced its holdings by 969,300 shares to 1.3523 million shares [2]

Core Viewpoint - Water Well's stock price has experienced a decline in recent trading sessions, reflecting a broader trend in its financial performance and market sentiment [1][2]. Financial Performance - As of June 30, Water Well reported a revenue of 1.498 billion yuan, a year-on-year decrease of 12.84% [2]. - The net profit attributable to shareholders for the same period was 105 million yuan, down 56.52% year-on-year [2]. - Year-to-date, the stock price has dropped by 16.13%, with a 3.88% decline over the last five trading days and a 2.91% decline over the last 20 days [1]. Stock Market Activity - On September 19, the stock price fell by 2.02%, reaching 44.08 yuan per share, with a trading volume of 69.114 million yuan and a turnover rate of 0.32% [1]. - The total market capitalization of Water Well is approximately 21.489 billion yuan [1]. - The net outflow of main funds was 11.1299 million yuan, with large orders showing a buy of 10.6832 million yuan and a sell of 18.5591 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders decreased to 85,300, while the average circulating shares per person increased by 1.34% to 5,715 shares [2]. - Cumulative cash dividends since the A-share listing amount to 5.378 billion yuan, with 1.280 billion yuan distributed over the last three years [3]. Institutional Holdings - As of June 30, the top ten circulating shareholders include the China Securities White Wine Index A, holding 16.0936 million shares, an increase of 2.119 million shares from the previous period [3]. - The Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 10.9227 million shares, up by 176,400 shares [3].

Core Viewpoint - Luzhou Laojiao's stock price has experienced fluctuations, with a recent decline of 2.00% on September 18, 2023, reflecting a broader trend of mixed performance in the market [1] Financial Performance - For the first half of 2025, Luzhou Laojiao reported a revenue of 16.454 billion yuan, a year-on-year decrease of 2.67%, and a net profit attributable to shareholders of 7.663 billion yuan, down 4.54% year-on-year [2] - The company has distributed a total of 52.059 billion yuan in dividends since its A-share listing, with 22.926 billion yuan distributed over the past three years [2] Stock Market Activity - As of September 18, 2023, Luzhou Laojiao's stock price was 134.26 yuan per share, with a market capitalization of 197.624 billion yuan [1] - The stock has increased by 12.59% year-to-date, but has seen a decline of 4.41% over the past five trading days [1] Shareholder Composition - As of June 30, 2025, the number of shareholders for Luzhou Laojiao reached 208,100, an increase of 15.55% from the previous period [2] - The top ten circulating shareholders include various funds and institutions, with notable changes in holdings among major shareholders [3]

Core Viewpoint - The stock price of Jinhuijiu has experienced fluctuations, with a year-to-date increase of 9.00% but a recent decline of 8.44% over the past five trading days [2]. Group 1: Stock Performance - As of September 18, Jinhuijiu's stock price was 20.83 CNY per share, with a market capitalization of 10.566 billion CNY [1]. - The stock has seen a 3.48% increase over the past 20 days and a 15.21% increase over the past 60 days [2]. - The trading volume on September 18 was 1.19 billion CNY, with a turnover rate of 1.11% [1]. Group 2: Financial Performance - For the first half of 2025, Jinhuijiu reported a revenue of 1.759 billion CNY, representing a year-on-year growth of 0.31%, and a net profit attributable to shareholders of 298 million CNY, up 1.12% year-on-year [2]. - The company has distributed a total of 1.168 billion CNY in dividends since its A-share listing, with 598 million CNY distributed in the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Jinhuijiu was 44,500, a decrease of 7.68% from the previous period [2]. - The average number of circulating shares per shareholder increased by 8.32% to 11,408 shares [2]. - The sixth largest circulating shareholder is the China Securities White Wine Index A, holding 20.9613 million shares, an increase of 6.4165 million shares from the previous period [3].

Core Viewpoint - Shede Liquor's stock price has experienced fluctuations, with a recent decline of 2.01% and a total market capitalization of 21.706 billion yuan, indicating a challenging market environment for the company [1]. Financial Performance - For the first half of 2025, Shede Liquor reported a revenue of 2.701 billion yuan, a year-on-year decrease of 17.41%, and a net profit attributable to shareholders of 443 million yuan, down 24.98% compared to the previous year [2]. - The company has cumulatively distributed 2.29 billion yuan in dividends since its A-share listing, with 1.353 billion yuan distributed over the last three years [3]. Stock Market Activity - As of September 18, 2023, Shede Liquor's stock price was 65.23 yuan per share, with a trading volume of 395 million yuan and a turnover rate of 1.80% [1]. - The stock has seen a year-to-date decline of 0.42%, a 4.44% drop over the last five trading days, a 10.00% increase over the last 20 days, and a 31.27% increase over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Shede Liquor was 129,700, a decrease of 0.72% from the previous period, with an average of 2,564 circulating shares per shareholder, which increased by 0.72% [2]. - The second-largest circulating shareholder is the China Securities White Liquor Index A, holding 16.4538 million shares, while the Hong Kong Central Clearing Limited has reduced its holdings by 969,300 shares [3].

Core Viewpoint - The stock of JiuGuiJiu has experienced fluctuations, with a year-to-date increase of 24.32% but a recent decline of 6.67% over the past five trading days [2] Group 1: Stock Performance - As of September 18, JiuGuiJiu's stock price was 68.40 CNY per share, with a market capitalization of 22.225 billion CNY [1] - The stock has seen a 68.18% increase over the past 60 days, while it has decreased by 6.67% in the last five trading days [2] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the latest instance on August 20, where it recorded a net purchase of 1.03 billion CNY [2] Group 2: Financial Performance - For the first half of 2025, JiuGuiJiu reported a revenue of 561 million CNY, a year-on-year decrease of 43.54%, and a net profit attributable to shareholders of 8.955 million CNY, down 92.60% year-on-year [2] - The company has distributed a total of 2.151 billion CNY in dividends since its A-share listing, with 942 million CNY distributed in the last three years [3] Group 3: Shareholder Structure - As of June 30, 2025, JiuGuiJiu had 136,000 shareholders, a decrease of 4.4% from the previous period, with an average of 2,388 circulating shares per shareholder, an increase of 4.61% [2] - Major shareholders include the China Securities White Wine Index A and the Hong Kong Central Clearing Limited, with varying changes in their holdings [3]

Core Viewpoint - The stock of Kuozi Jiao has shown fluctuations with a recent increase of 2.08%, but it has experienced a year-to-date decline of 7.99% [1] Group 1: Stock Performance - As of September 17, Kuozi Jiao's stock price reached 34.91 CNY per share, with a market capitalization of 20.88 billion CNY [1] - The stock has seen a net inflow of 28.75 million CNY from major funds, with significant buying and selling activities [1] - Over the past five trading days, the stock has increased by 1.54%, while it has decreased by 1.38% over the last 20 days [1] Group 2: Financial Performance - For the first half of 2025, Kuozi Jiao reported a revenue of 2.531 billion CNY, a year-on-year decrease of 20.07%, and a net profit of 715 million CNY, down 24.63% [2] - Cumulative cash dividends since the A-share listing amount to 6.919 billion CNY, with 2.577 billion CNY distributed over the last three years [3] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Kuozi Jiao was 71,900, a decrease of 6.70% from the previous period [2] - The average number of circulating shares per shareholder increased by 7.18% to 8,313 shares [2] - The third-largest circulating shareholder is the Zhao Shang Zhong Zheng Bai Jiu Zhi Shu A, holding 29.6216 million shares, an increase of 3.8228 million shares from the previous period [3]

Core Viewpoint - Shede Liquor's stock price has shown a positive trend, with a year-to-date increase of 4.72% and significant gains over various time frames, indicating strong market interest and performance [1]. Financial Performance - For the first half of 2025, Shede Liquor reported a revenue of 2.701 billion yuan, a year-on-year decrease of 17.41%, and a net profit attributable to shareholders of 443 million yuan, down 24.98% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 2.29 billion yuan, with 1.353 billion yuan distributed over the last three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Shede Liquor was approximately 129,700, a decrease of 0.72% from the previous period, while the average number of circulating shares per shareholder increased by 0.72% to 2,564 shares [2]. - The top ten circulating shareholders include notable entities such as the China Securities Index White Wine Index A and the Wine ETF, with changes in their holdings reflecting market dynamics [3].

Core Viewpoint - Gujing Gongjiu's stock price has shown fluctuations, with a recent decline of 2.10% and a total market capitalization of 88.281 billion yuan, indicating a mixed performance in the market [1]. Financial Performance - For the first half of 2025, Gujing Gongjiu reported a revenue of 13.88 billion yuan, reflecting a year-on-year growth of 0.54%, while the net profit attributable to shareholders was 3.662 billion yuan, up by 2.49% [2]. - Cumulatively, since its A-share listing, Gujing Gongjiu has distributed a total of 12.612 billion yuan in dividends, with 7.136 billion yuan distributed over the past three years [3]. Shareholder and Market Activity - As of August 29, 2025, the number of shareholders for Gujing Gongjiu decreased by 14.34% to 48,400, with an average of 0 circulating shares per shareholder [2]. - The stock has experienced a net outflow of 69.6063 million yuan in principal funds recently, with significant selling pressure observed [1]. - The top ten circulating shareholders include notable funds, with the second-largest being the China Securities White Wine Index A, holding 13.63 million shares, an increase of 1.8024 million shares from the previous period [3].