舍得酒业股份有限公司 证券代码：600702 证券简称：舍得酒业 公告编号：2025-050 | 渠道类型 | 2025 | 年 | 1－9 | 月销售收入 | 2024 | 年 | 1－9 | 月销售收入 | 增减变动幅度（%） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 批发代理 | | | | 283,571.14 | | | | 371,321.51 | -23.63 | | 电商销售 | | | | 44,971.71 | | | | 32,210.63 | 39.62 | | 合计 | | | | 328,542.85 | | | | 403,532.14 | -18.58 | 2025 年前三季度经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号—行业信息披露》之《第 十二号—酒制造》的相关规定，现将公司 2025 年前三季度主要经营数据（未经审 计）公告如下： 一 ...

Group 1 - The core announcement is that Du Fu Liquor Group (00986) has appointed Mr. Qin Zizun as an executive director effective from October 22, 2025 [1] - Following the appointment of Mr. Qin, both he and Mr. Liu Jun have been designated as co-chairmen of the board [1]

Core Viewpoint - The Accounting and Financial Reporting Council (AFRC) of Hong Kong has disciplined PricewaterhouseCoopers (PwC) and two individuals for audit deficiencies related to Dynasty Fine Wines Group's financial audits for 2010 and 2011 [1][3]. Summary by Sections Disciplinary Actions - The AFRC issued reprimands and imposed fines totaling HK$1.6 million ($205.8k) on PwC, Cheng Kwong On (engagement partner), and Kong Ling Yin, Raymond (engagement quality control reviewer) [2]. Audit Deficiencies - PwC's audit work on revenue recognition was found deficient, lacking adequate evidence for the group's revenue records, leading to an incorrect unmodified audit opinion [3][4]. Concerns in Revenue Recognition - The AFRC highlighted that revenue recognition is a recurring concern, often due to poor audit planning, inadequate risk assessment, and deficiencies in audit procedures [4][5]. Allegations and Internal Investigation - Allegations in 2012 suggested that Dynasty Fine Wines Group's reported revenues were overstated, with many sales being fictitious. An internal investigation confirmed that a large volume of wine products sold to a distributor had not been delivered [5][6]. Financial Statement Adjustments - Following the investigation, the company adjusted its financial statements for 2010 and 2011, revealing a loss in 2011 instead of the previously reported profit, along with a substantial reduction in retained earnings for both years [6][7]. Auditor Reliance and Improvements - Auditors relied on the group's internal sales documents without verifying actual delivery. The AFRC noted no evidence of intentional misconduct. PwC has since enhanced its financial systems by adopting Oracle Fusion Cloud ERP [7].

Group 1 - The 2025 Annual General Meeting of Treasury Wine Estates is being held both in person and virtually, allowing shareholders to participate actively [2] - The meeting is attended by key directors and management, including the Chief Financial and Strategy Officer and various Non-Executive Directors [3] - The meeting is also attended by members of the executive leadership team and the lead audit partner from KPMG, indicating a comprehensive representation of the company's governance [4]

Core Insights - Andrew Peller Limited will release its financial results for the three and six months ended September 30, 2025, on November 4, 2025, after market close [1] - A conference call to discuss these results is scheduled for November 5, 2025, at 10:00 a.m. (ET) [2] Company Overview - Andrew Peller Limited is a prominent producer and marketer of quality wines in Canada, operating wineries in British Columbia, Ontario, and Nova Scotia [3] - The company markets wines made from grapes sourced from Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, as well as vineyards globally [3]

Core Viewpoint - Treasury Wine Estates (TWE) has withdrawn its fiscal 2026 earnings guidance due to an uncertain outlook for its Penfolds brand and Treasury Americas business [1][3] Group Performance - TWE's shares fell over 15% to A$5.93, marking their lowest level in over a decade following the earnings guidance withdrawal [2] - First-quarter shipments for fiscal 2026 met expectations in key markets, but Penfolds sales in China are soft, leading to concerns about achieving depletion targets [2][3] Earnings Guidance - TWE had previously anticipated low to mid double-digit EBITS growth for Penfolds in fiscal 2026, which has now been scrapped, along with a 15% EBITS growth expectation for fiscal 2027 [3] - The company is currently unable to provide revised guidance due to ongoing uncertainty [3] Distribution Challenges - In the US, TWE's Treasury Americas business faced shipment issues due to the exit of distributor RNDC from California, effective September [4] - The company appointed Breakthru Beverage Group as the new distributor in California in July [4] Financial Impact - TWE had expected a A$50 million hit to net sales revenue in fiscal 2026 due to the distributor change in California [5] - Ongoing discussions with RNDC aim to find a practical solution to mitigate the impact on shipments and operating plans [5][6] Share Buy-Back Program - TWE has paused its on-market share buy-back program until there is greater clarity regarding trading conditions and expectations [6]

Core Viewpoint - Treasury Wine Estates has withdrawn its earnings guidance for 2026 and paused a planned A$200 million share buyback due to weak sales of its Penfolds wines in China and distribution challenges in the U.S. [1][5] Sales Performance - Sales of Penfolds in China have been weaker than expected, attributed to changing alcohol consumption habits and fewer large-scale banqueting occasions [2][3] - The company indicated that if current performance trends continue, Penfolds depletions targets for fiscal 2026 in China are unlikely to be achieved [3] Financial Impact - The withdrawal of guidance for Penfolds in fiscal years 2026 and 2027 reflects high uncertainty in the Chinese market [4] - The transition to a new distributor in the U.S. is expected to result in a loss of around A$50 million in sales, with ongoing negotiations over approximately A$100 million of inventory held by the previous distributor [5] Strategic Response - Treasury is implementing several initiatives to mitigate the impacts of a weaker Chinese market, including reallocating products to select customers in other key markets [6]

Core Viewpoint - Treasury Wine Estates has withdrawn its earnings guidance for 2026 and paused a planned A$200 million ($130 million) share buyback due to weak sales of its Penfolds wines in China and distribution challenges in the U.S. [1][5] Group 1: Sales Performance - Sales of Penfolds in China have been weaker than expected, attributed to changing alcohol consumption habits and fewer large-scale banqueting occasions [2][3] - The company indicated that if current performance trends continue, Penfolds depletions targets for fiscal 2026 in China are unlikely to be achieved [3] Group 2: Financial Impact - The withdrawal of guidance for Penfolds in FY26 and FY27 reflects high uncertainty in the Chinese market [4] - The transition to a new distributor in the U.S. is expected to result in a loss of around A$50 million in sales, with ongoing negotiations over approximately A$100 million of inventory held by the previous distributor [5] Group 3: Strategic Response - Treasury is implementing several initiatives to mitigate the impacts of a weaker Chinese market, including reallocating products to select customers in other key markets [6]

The U.S. wine industry hasn’t had it this bad since Prohibition. Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: rip up the vines.🔗: https://t.co/b18ZWbGIoR https://t.co/lKfzQKj09U ...

Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: Rip up the vines https://t.co/Zh1EV4XpwU ...