格隆汇12月2日丨古越龙山(600059.SH)公布，截至2025年11月30日，公司通过上海证券交易所交易系统 以集中竞价交易方式回购公司A股股份1,835.21万股，已回购股份占公司总股本的比例为2.0133%，购买 的最高价为人民币10.50元/股、最低价为人民币9.48元/股，已支付的总金额为人民币18,640.41万元（不 含交易费用）。 ...

证券日报网讯 12月1日，古越龙山在互动平台回答投资者提问时表示，公司一直积极响应国家关于支持 企业并购重组、优化产业结构的政策导向。未来，公司将继续立足黄酒主业，以开放的心态推进产业资 源整合，同时通过技术创新、品牌升级、渠道深耕等多维度举措激发企业内生动力，兼顾外延扩张与内 生增长，持续推进公司高质量发展，不负投资者的信任与支持。 （编辑 袁冠琳） ...

证券日报网讯 12月1日，古越龙山在互动平台回答投资者提问时表示，二级市场股价受宏观经济、行业 政策和市场情绪等多种因素的影响，公司目前生产经营情况良好。公司近年来不遗余力地持续加大对黄 酒文化的认知和消费引导，开创酒文化新国潮，在酒类竞争异常激烈的市场背景下，保持了较好的发展 态势。公司将持续做好生产经营工作，同时也将积极探索提升投资者信心的措施。 （编辑 袁冠琳） ...

证券日报网讯12月1日，古越龙山（600059）在互动平台回答投资者提问时表示，公司一直在积极进行 新品研发，以适应市场需求。公司推出无高低2.0、龙井黄酒、草本健康系列等产品，冰彫气泡黄酒等 年轻化产品推向市场广受青睐。公司未来会根据市场反馈不断推出满足消费者需求的更多创新产品。 ...

证券日报网讯12月1日，古越龙山（600059）在互动平台回答投资者提问时表示，黄酒是"谷物发酵 酒"，富含多种氨基酸及多酚、有机酸、活性肽等，具有抗氧化、改善心血管功能等作用，润肤养颜， 是可以吃的"面膜"，与美妆产品的研发逻辑存在契合点。公司始终关注消费者的创新建议，也在持续探 索跨界与年轻化的更多可能。 ...

（编辑 袁冠琳） 证券日报网讯 12月1日，古越龙山在互动平台回答投资者提问时表示，公司控股股东黄酒集团已于2025 年4月完成增持计划，累计增持1646万股，增持金额约1.5亿元。2025年4月，公司发布股份回购方案， 拟以2-3亿元资金实施回购，截至10月底已累计回购1835.21万股，金额约1.86亿元。目前公司暂无新的 股份回购及大股东增持计划，如有相关安排将及时履行信息披露义务。 ...

今年上半年绍兴上市公司 占全市规上工业企业相关指标的比例 2023年12月，古越龙山黄酒产业园一期项目建成投产 古越龙山 黄酒产业园一期项目 华纬科技悬架弹簧 自动化生产线 芯联集成晶圆 芯联集成产线 今日绍兴 酒是时间的艺术、时间的产物，古越龙山的中央酒库储藏着1100多万坛、约26万吨原酒，这是古越龙山 最宝贵的财富。 ——古越龙山 董事长孙爱保 制造业成长无捷径，要不断打磨技术，抓住产业机遇，突破边界。 ——华纬科技 董事长金雷 2026年，我们的目标是迈过百亿元规模；2029年，我们的目标是成为中国最大的功率和模拟芯片研发及 大生产基地。 ——芯联集成 放诸改革开放47年的历史坐标，绍兴最显著的产业故事之一，就是在"一匹布上织出了锦绣大潮"。如 今，作为金名片的绍兴纺织产业，仍在书写"布满全球"的大文章；更多的战略性新兴产业则拔节生长， 共同"编织"绍兴现代化产业体系的经纬。 从数据看，"十四五"期间，绍兴市GDP总量接连跨越七千亿元、八千亿元大关，经济增速连续四年稳居 全省前三。一批优强企业脱颖而出登陆资本市场，资本市场"绍兴板块"市值突破万亿元，牵引区域经济 进阶向新。 从动能看，充满活力的县域经 ...

Core Insights - The report analyzes the current state, market environment, consumer characteristics, and future direction of the Huangjiu industry in China, highlighting its transition period between tradition and innovation, facing both challenges and opportunities from policies and market dynamics [1][2]. Industry Overview - Huangjiu production is widespread across China, with a concentration in the Jiangsu, Zhejiang, and Shanghai regions, particularly in Shaoxing, which is recognized as the "Hometown of Huangjiu" [15]. - Leading companies such as Guyue Longshan and Kuaijishan are driving industry development, with a focus on high-end and innovative products to attract younger consumers [15][2]. Market Performance (2024-2025) - The Huangjiu industry is expected to see a rise in both volume and price, with total revenue projected to reach 20 billion yuan in 2024, reflecting a 5.26% increase year-on-year [21]. - The three A-share Huangjiu listed companies reported a combined revenue of 4.146 billion yuan in 2024, marking a 10% increase from the previous year [22]. - Online sales for the top three companies surged by 42.3% year-on-year, indicating a strong shift towards e-commerce channels [26]. Market Environment - Continuous policy support has been observed, with Huangjiu being recognized as a classic industry, leading to various local governments implementing supportive measures [2]. - Major companies have collectively raised prices, enhancing the revenue share of mid-to-high-end products [2]. Consumer Insights - Male consumers dominate the market, accounting for 68.7%, with the primary age group being over 25 years old [2]. - Consumption scenarios primarily include social gatherings and family meals, with health and wellness being key motivators for purchasing decisions [2]. Future Development Suggestions - The report suggests several strategies for the Huangjiu industry, including leveraging traditional techniques for product innovation, enhancing brand culture, and promoting national and international expansion [2]. - The industry faces challenges in internationalization, particularly in cultural differences and channel development, necessitating a collaborative effort across the sector [2].

Core Viewpoint - The acquisition plan of Jimo Yellow Wine by Qingdao Beer has failed, raising concerns about the company's diversification strategy and future growth opportunities [2][4]. Company Strategy - Qingdao Beer had high hopes for the acquisition of Jimo Yellow Wine, as it would provide seasonal product complementarity, with beer consumption peaking in summer and yellow wine in autumn and winter [2]. - Despite the failed acquisition, Qingdao Beer’s chairman stated that the company's diversification strategy remains unchanged, and they will consider new acquisition opportunities in the future [2]. Financial Performance - Qingdao Beer reported a revenue of 32.138 billion yuan in 2024, a decrease of 5.3% year-on-year, marking the first decline in both revenue and sales since the pandemic [4]. - For the first three quarters, the company achieved a revenue of 29.366 billion yuan, with a year-on-year growth of 1.41%, and a net profit attributable to shareholders of 5.274 billion yuan, up 5.7% year-on-year [4]. - However, in the third quarter, revenue saw a slight decline of 0.17%, and the growth rate of net profit attributable to shareholders dropped to 1.62% [4]. Market Context - The beer industry is entering a phase of stock competition, making it imperative for Qingdao Beer to find new growth avenues beyond its core business [4]. - The failure of the Jimo Yellow Wine acquisition highlights the challenges faced by Qingdao Beer in its pursuit of diversification and growth [4].

截至发稿，会稽山市值为112亿元。 每经头条（nbdtoutiao）——展望"十五五"|专访财科院院长杨志勇：遏制地方政府新增隐性债务，债务 信息要透明，尽可能降低利息成本 （记者 张明双） 每经AI快讯，会稽山（SH 601579，收盘价：23.35元）11月14日晚间发布公告称，公司第六届第十九次 董事会会议于2025年11月14日以通讯表决方式召开。会议审议了《关于公司取消监事会、调整董事会人 数并修订 <公司章程> 的议案》等文件。 2025年1至6月份，会稽山的营业收入构成为：黄酒占比75.55%，其他占比24.3%，其他业务占比 0.16%。 ...