12月19日，迎驾贡酒盘中上涨2.08%，截至11:00，报39.70元/股，成交9744.70万元，换手率0.31%，总 市值317.60亿元。 资金流向方面，主力资金净流入634.49万元，特大单买入523.79万元，占比5.38%，卖出0.00元，占比 0.00%；大单买入1538.47万元，占比15.79%，卖出1427.78万元，占比14.65%。 责任编辑：小浪快报 迎驾贡酒今年以来股价跌24.29%，近5个交易日涨1.53%，近20日跌4.64%，近60日跌7.72%。 资料显示，安徽迎驾贡酒股份有限公司位于安徽省六安市霍山县佛子岭镇，成立日期2003年11月28日， 上市日期2015年5月28日，公司主营业务涉及白酒的研发、生产和销售。主营业务收入构成为：中高档 白酒80.26%，普通白酒14.31%，包装材料3.38%，其他2.05%。 迎驾贡酒所属申万行业为：食品饮料-白酒Ⅱ-白酒Ⅲ。所属概念板块包括：白酒、中盘、融资融券、 MSCI中国、基金重仓等。 截至9月30日，迎驾贡酒股东户数5.71万，较上期减少14.56%；人均流通股14015股，较上期增加 17.05%。2025年1月-9月 ...

Core Insights - The stock of Yingjia Grape Wine increased by 1.63% on November 20, with a transaction volume of 255 million yuan [1] - The company reported a financing buy-in amount of 25.39 million yuan and a net financing buy of 2.96 million yuan on the same day [1] - As of November 20, the total financing and securities lending balance for Yingjia Grape Wine was 227 million yuan [1] Financing Summary - On November 20, the financing buy-in for Yingjia Grape Wine was 25.39 million yuan, with a current financing balance of 225 million yuan, representing 0.66% of the circulating market value [1] - The financing balance is below the 10th percentile level over the past year, indicating a low position [1] Securities Lending Summary - On November 20, 1,700 shares were repaid in securities lending, with 100 shares sold, amounting to 4,290 yuan at the closing price [1] - The remaining securities lending volume was 51,300 shares, with a balance of 2.20 million yuan, which is below the 40th percentile level over the past year, indicating a relatively low position [1] Company Overview - Yingjia Grape Wine Co., Ltd. is located in Huoshan County, Lu'an City, Anhui Province, established on November 28, 2003, and listed on May 28, 2015 [1] - The company's main business involves the research, production, and sales of liquor, with revenue composition as follows: high-end liquor 80.26%, ordinary liquor 14.31%, packaging materials 3.38%, and others 2.05% [1] Financial Performance - As of September 30, the number of shareholders for Yingjia Grape Wine was 57,100, a decrease of 14.56% from the previous period [2] - For the period from January to September 2025, the company achieved a revenue of 4.516 billion yuan, a year-on-year decrease of 18.09%, and a net profit attributable to the parent company of 1.511 billion yuan, down 24.67% year-on-year [2] - Since its A-share listing, the company has distributed a total of 7.28 billion yuan in dividends, with 3.12 billion yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder of Yingjia Grape Wine is the China Securities Index White Wine Index A (161725), holding 24.4568 million shares, an increase of 4.1366 million shares from the previous period [2] - The Wine ETF (512690) is the fourth-largest circulating shareholder, holding 7.5695 million shares, an increase of 2.5680 million shares from the previous period [2] - Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 6.2332 million shares, a decrease of 2.7123 million shares from the previous period [2]

Group 1 - The core viewpoint of the news is that Yingjia Gongjiu's stock has shown fluctuations, with a recent increase of 2.20% but a year-to-date decline of 15.92% [1] - As of November 13, the stock price is reported at 44.09 yuan per share, with a total market capitalization of 35.272 billion yuan [1] - The company has experienced a net outflow of main funds amounting to 9.1268 million yuan, with significant buying and selling activities noted [1] Group 2 - For the period from January to September 2025, Yingjia Gongjiu reported a revenue of 4.516 billion yuan, a year-on-year decrease of 18.09%, and a net profit of 1.511 billion yuan, down 24.67% [2] - The company has distributed a total of 7.28 billion yuan in dividends since its A-share listing, with 3.12 billion yuan distributed in the last three years [2] - As of September 30, 2025, the number of shareholders decreased by 14.56% to 57,100, while the average circulating shares per person increased by 17.05% to 14,015 shares [2]

Group 1 - The core point of the news is that Yingjia Gongjiu's stock price increased by 5.04%, reaching 43.73 CNY per share, with a trading volume of 293 million CNY and a turnover rate of 0.85%, resulting in a total market capitalization of 34.984 billion CNY [1] - Yingjia Gongjiu Co., Ltd. is located in Huoshan County, Lu'an City, Anhui Province, established on November 28, 2003, and listed on May 28, 2015. The company specializes in the research, production, and sales of liquor [1] - The revenue composition of Yingjia Gongjiu includes 80.26% from mid-to-high-end liquor, 14.31% from ordinary liquor, 3.38% from packaging materials, and 2.05% from other sources [1] Group 2 - Tianhong Fund has a significant holding in Yingjia Gongjiu, with Tianhong Selected Food and Beverage A (009875) holding 116,500 shares, accounting for 3.59% of the fund's net value, making it the eighth largest holding [2] - The Tianhong Selected Food and Beverage A fund was established on August 20, 2020, with a latest scale of 47.9334 million CNY. It has experienced a loss of 0.47% this year, ranking 4157 out of 4216 in its category, and a loss of 5.49% over the past year, ranking 3761 out of 3917 [2] - The fund manager, Yu Yang, has been in position for 6 years and 88 days, with a total asset scale of 226 million CNY. The best fund return during his tenure is 26.56%, while the worst return is -38.04% [2]

Core Viewpoint - Yingjia Gongjiu's stock price has shown a significant upward trend, with a cumulative increase of 10.08% over the past three days, indicating strong market interest and potential investor confidence [1][2]. Company Overview - Yingjia Gongjiu Co., Ltd. is located in Huoshan County, Lu'an City, Anhui Province, established on November 28, 2003, and listed on May 28, 2015. The company specializes in the research, production, and sales of liquor [1]. - The revenue composition of Yingjia Gongjiu includes 80.26% from mid-to-high-end liquor, 14.31% from ordinary liquor, 3.38% from packaging materials, and 2.05% from other sources [1]. Fund Holdings - Guolian Fund has a significant position in Yingjia Gongjiu, with its Guolian Jinghui Mixed A Fund (013190) holding 4,200 shares, representing 0.28% of the fund's net value, making it the ninth-largest holding [2]. - The fund has realized a floating profit of approximately 2,646 yuan today, with a total floating profit of 16,500 yuan during the three-day price increase [2]. - Guolian Jinghui Mixed A Fund was established on November 24, 2021, with a current scale of 60.6957 million yuan. Year-to-date returns are 2.11%, with a one-year return of 4.76% [2].

Core Viewpoint - Anhui Yingjia Gongjiu Co., Ltd. reported a significant decline in both revenue and net profit for the first three quarters of 2025, primarily attributed to weak consumer demand [1] Financial Performance - For the first three quarters, the company achieved operating revenue of 4.516 billion yuan, a year-on-year decrease of 18.09% [1] - The net profit attributable to shareholders was 1.511 billion yuan, down 24.67% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 1.474 billion yuan, a decline of 26.16% [1] - In Q3 alone, the company reported operating revenue of 1.356 billion yuan, a substantial drop of 20.76% year-on-year [1] - The net profit for Q3 was 381 million yuan, down 39.01% year-on-year [1] Cash Flow - The company's operating cash flow showed a deteriorating trend, with a net cash flow from operating activities of 789 million yuan for the first three quarters, a significant decline of 38.13% [1] - The decrease in cash flow was mainly due to a reduction in cash received from sales of goods and services [1] Product Sales - In terms of product sales, the company generated revenue of 1.014 billion yuan from mid-to-high-end liquor and 260 million yuan from ordinary liquor during the first three quarters [1] - From January to September, the company achieved sales revenue of 875 million yuan in its home province and 398 million yuan from outside the province [1]

Core Viewpoint - Anhui Yingjia Distillery Co., Ltd. reported a decline in both revenue and net profit for the first three quarters of 2025, indicating challenges in the market [1] Financial Performance - For the first nine months, the company achieved operating revenue of 4.516 billion yuan, a year-on-year decrease of 18.09% [1] - The net profit attributable to shareholders of the listed company was 1.511 billion yuan, down 24.67% year-on-year [1] Product Sales Breakdown - In terms of product categories, the mid-to-high-end liquor segment generated sales revenue of 1.014 billion yuan, while ordinary liquor sales amounted to 260 million yuan [1] - The company reported sales revenue of 875 million yuan from domestic markets and 398 million yuan from external markets during the first nine months [1]

Core Viewpoint - The performance of Kuozi Jiao (603589.SH), known as "Hui Jiu Lao San," has significantly deteriorated in Q3, with revenue nearly halved and net profit plummeting over 90%, marking the worst quarterly performance since its listing [1][2] Financial Performance - In the first three quarters of the year, Kuozi Jiao reported revenue of 3.174 billion yuan, a year-on-year decline of 27.24%, and a net profit of 742 million yuan, down 43.39% [1] - Q3 alone saw revenue of 643 million yuan, a decrease of 46.23%, and a net profit of 26.97 million yuan, down 92.55% [1] - The operating cash flow was negative at -390 million yuan, a decline of 208.91% year-on-year [1] Sales Breakdown - Sales of mid-to-high-end liquor products have declined across the board, with high-end product revenue falling by 28% to 2.961 billion yuan, mid-range products down 15.38% to 41.30 million yuan, while low-end products saw a 25% increase to 114 million yuan [2] - The overall gross margin dropped to approximately 71% due to the significant decline in mid-to-high-end liquor sales [2] Market Performance - Both domestic and external markets experienced revenue declines, with domestic sales at approximately 2.587 billion yuan (down 27.24%) and external sales at 530 million yuan (down about 23.93%) [2] - Despite a net increase of 55 and 47 distributors in domestic and external markets respectively, sales continued to decline [2] Shareholder Activity - In Q3, the company's actual controller, Liu Ansheng, reduced his holdings by 10 million shares, while the China Securities White Wine Index Fund increased its holdings [3] - As of the end of September, the total shares held by the top ten shareholders slightly decreased compared to the end of June [3]

Core Insights - The stock of Yingjia Gongjiu experienced a decline of 0.86% on October 22, with a trading volume of 110 million yuan [1] - The company reported a net financing outflow of 4.26 million yuan on the same day, indicating a negative sentiment among investors [1] Financing Overview - On October 22, the financing buy amount for Yingjia Gongjiu was 6.168 million yuan, while the financing repayment was 10.429 million yuan, resulting in a net financing buy of -4.2609 million yuan [1] - The total financing and securities lending balance for the company reached 264 million yuan as of October 22 [1] - The current financing balance of 262 million yuan accounts for 0.81% of the circulating market value, which is below the 30th percentile level over the past year, indicating a low financing level [1] Securities Lending Overview - On October 22, Yingjia Gongjiu repaid 500 shares in securities lending and sold 900 shares, with a selling amount of 36,200 yuan based on the closing price [1] - The remaining securities lending volume is 56,800 shares, with a balance of 2.2828 million yuan, which is also below the 50th percentile level over the past year, indicating a low level of securities lending [1] Company Profile - Yingjia Gongjiu Co., Ltd. is located in Huoshan County, Lu'an City, Anhui Province, and was established on November 28, 2003, with its listing date on May 28, 2015 [1] - The company's main business involves the research, production, and sales of liquor, with a revenue composition of 80.26% from mid-to-high-end liquor, 14.31% from ordinary liquor, 3.38% from packaging materials, and 2.05% from other sources [1] Shareholder Information - As of June 30, the number of shareholders for Yingjia Gongjiu reached 66,800, an increase of 69.86% compared to the previous period [2] - The average circulating shares per person decreased by 41.13% to 11,973 shares [2] - For the first half of 2025, the company reported a revenue of 3.16 billion yuan, a year-on-year decrease of 16.51%, and a net profit attributable to shareholders of 1.13 billion yuan, down 18.02% year-on-year [2] Dividend Information - Since its A-share listing, Yingjia Gongjiu has distributed a total of 7.28 billion yuan in dividends, with 3.12 billion yuan distributed over the past three years [2] Institutional Holdings - As of June 30, the third-largest circulating shareholder is the China Securities Index White Wine Index A (161725), holding 20.32 million shares, an increase of 3.12 million shares from the previous period [2] - The Hong Kong Central Clearing Limited is the fourth-largest shareholder, holding 8.95 million shares, a decrease of 1.74 million shares from the previous period [2] - The Wine ETF (512690) is the seventh-largest shareholder, holding 5.00 million shares, an increase of 0.53 million shares from the previous period [2]

Core Viewpoint - The stock price of Yingjia Gongjiu has experienced a significant decline in 2023, with a year-to-date drop of 22.39% and a recent 5-day decline of 5.39% [1] Financial Performance - For the first half of 2025, Yingjia Gongjiu reported a revenue of 3.16 billion yuan, a year-on-year decrease of 16.51%, and a net profit attributable to shareholders of 1.13 billion yuan, down 18.02% [2] - Cumulative cash dividends since the company's A-share listing amount to 7.28 billion yuan, with 3.12 billion yuan distributed over the past three years [2] Shareholder Structure - As of June 30, 2025, the number of shareholders for Yingjia Gongjiu increased to 66,800, a rise of 69.86%, while the average circulating shares per person decreased by 41.13% to 11,973 shares [2] - The top ten circulating shareholders include notable entities such as the China Securities Index White Wine Index A and Hong Kong Central Clearing Limited, with varying changes in their holdings [2] Market Activity - On September 25, 2023, Yingjia Gongjiu's stock fell by 2.02%, trading at 40.70 yuan per share, with a total market capitalization of 32.56 billion yuan [1] - The stock saw a net outflow of 22.76 million yuan in principal funds, with significant selling pressure observed [1]