Core Viewpoint - The company is currently experiencing a decline in third-quarter performance and is undergoing proactive adjustments to manage inventory and boost distributor confidence, while maintaining a long-term focus on development [1] Company Summary - The company is in a period of deep industry adjustment and is actively working to reduce channel inventory [1] - The company believes that high-end liquor can withstand economic cycles in the long run [1] Industry Summary - The industry is facing significant adjustments, impacting overall performance [1] - The long-term outlook for high-end liquor remains positive despite current challenges [1]