Core Viewpoint - The company reported a decline in revenue and net profit for the first three quarters of 2025, attributing the performance to policy changes and macroeconomic factors that limited consumption scenarios [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved total revenue of 2.306 billion yuan, a year-on-year decrease of 0.97% [1][2]. - The net profit attributable to shareholders was 324 million yuan, down 2.78% year-on-year, while the net profit excluding non-recurring items was 318 million yuan, a decline of 5.61% [1][2]. - In Q3 alone, revenue was 546 million yuan, a decrease of 4.89%, and net profit was 25.5 million yuan, down 33.02% [1][2]. Product Segmentation - The company's products are categorized into three price segments: below 100 yuan, 100-300 yuan, and above 300 yuan per 500ml [3]. - Revenue from products priced below 100 yuan fell by 23.6% to 457 million yuan, accounting for 20% of total liquor revenue [3][5]. Sales Channels - The majority of sales came from distributors, contributing 2.093 billion yuan, which is 94.2% of total revenue but down 2.74% year-on-year [5][6]. - Direct sales (including group purchases) generated 56.5 million yuan, a decrease of 6.06%, while online sales were the only channel to show growth, increasing by 25.22% to 72.9 million yuan [5][6]. Dealer Network - As of the end of Q3, the company had 949 dealers, with a net decrease of 52 dealers during the reporting period [6]. - The number of dealers outside the province decreased by 82 [6]. Profitability Goals - The company has not met its net profit targets for the past two years (2023 and 2024) and aims for a revenue of 3.280 billion yuan and a net profit of 408 million yuan for 2025 [6]. Related Party Transactions - There are concerns regarding related party transactions, particularly with a construction company controlled by the controlling shareholder's nephew, which has won multiple contracts with the company [7][8]. - The chairman stated that all major project selections follow a fair and transparent process, with external audits conducted to ensure the company's interests are protected [7][8].

证券代码:603919 证券简称:金徽酒 公告编号:临 2025-039 金徽酒股份有限公司 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。 2.公司根据销售区域白酒市场结构、消费者购买能力等以出厂价划分产品档次，其中：300 元/500ml 以上的产品主要有金徽年份系列、金徽老窖系列等；100-300 元/500ml 的产品主要有柔 和金徽系列、金徽正能量系列、世纪金徽五星等；100 元/500ml 以下的产品主要有世纪金徽四星、 世纪金徽三星、世纪金徽二星、金徽陈酿等。 2、按销售渠道分类情况 单位：万元 币种：人民币 | | | 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》第十六条相关规定，现将金徽酒股份有限公司（简称"公司"） 2025 年前三季度（1-9 月）主要经营数据（未经审计）公告如下： 一、主要经营数据 1、按产品档次分类情况 单位：万元 币种：人民币 | 产品档次 | 2025 | 年 1-9 | 月营业收入 | 2024 ...

证券代码:603919 证券简称:金徽酒 公告编号:临 2025-033 金徽酒股份有限公司 2025 年半年度经营数据公告 2、按销售渠道分类情况 单位：万元 币种：人民币 | | | 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》第十六条相关规定，现将金徽酒股份有限公司（简称"公司"） 2025 年半年度主要经营数据（未经审计）公告如下： 一、2025 年半年度主要经营数据 1、按产品档次分类情况 单位：万元 币种：人民币 | 产品档次 | 2025 年 1-6 | 月营业收入 | 2024 年 1-6 | 月营业收入 | 同比变动（%） | | --- | --- | --- | --- | --- | --- | | 元以上 300 | | 38,036.53 | | 31,280.93 | 21.60 | | 100-300 元 | | 96,941.02 | | 88,990.28 | 8.93 | | 元以下 100 ...