公告编号:2025-038 四川水井坊股份有限公司 关于市场传闻的澄清公告 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。 证券代码:600779 证券简称:水井坊 市场传闻概述 今日,四川水井坊股份有限公司(以下简称"公司")关注到有媒体报道称 "某酒企拟收购水井坊",为避免相关市场传闻对社会各界和投资者造成误导, 现予以澄清说明。 二、 澄清声明 经公司核查,上述报道不属实。 请广大投资者理性投资,注意风险。 特此公告 四川水井坊股份有限公司 董事会 二〇二五年十二月二十六日 行情数据显示，12月25日午后，水井坊股价盘中直线拉升，最终封住涨停。 水井坊㊣ 600779 融 沪股通 L1 ▼ 39.80 39.80 最低 36.04 今开 36.15 最高 4.29亿 11.11万 金额 3.62 换手号 2.28% 总手 10.01% = 总值 194.0亿 流值 44.64 百多 194.0亿 市盈动网 4) Al异动解读:自酒 X 开日 图 K HK EK 分时 在水井坊刺激下，25日午后白酒股全线走高，皇台酒业一度 ...

公告称：今日（25日），四川水井坊股份有限公司关注到有媒体报道称 "某酒企拟收购水井坊"，为避 免相关市场传闻对社会各界和投资者造成误导， 现予以澄清说明。经公司核查，上述报道不属实。 请 广大投资者理性投资，注意风险。 新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 转自：北京日报客户端 12月25日，二级市场上传出"剑南春拟收购水井坊"的消息，水井坊股价当天收盘涨停，收盘价为39.8 元。 25日晚间，水井坊发布公告，澄清上述市场传闻。 据官网介绍，水井坊股份有限公司主营白酒产品的生产与销售。目前，公司生产的白酒产品主要有第一 坊、水井坊元明清、水井坊菁翠等。 公司总部设在成都市金牛区，在北京、上海等各地设有子公司，并在四川省邛崃市设有分公司。现任董 事长为范祥福。 1996年，水井坊在上海证券交易所上市。 来源：长安街知事微信公众号 ...

Group 1 - The overall retail price of major Chinese liquor brands has increased, with leading products like Moutai and Yanghe experiencing significant price hikes of 5 CNY and 8 CNY per bottle respectively [1] - The valuation of the liquor sector is currently at a relatively low level, with the food and beverage index at the 17th percentile and the liquor index at the 23rd percentile since 2005 [1] - The combined dividend yield of liquor stocks has reached 3.74%, outperforming the 2.54% and 2.21% yields of the CSI 300 and Shanghai Composite Index respectively [1] Group 2 - The second quarter of 2026 is expected to stabilize, with a potential turning point in the third quarter as inventory clears and demand recovers, leading to a rebound in wholesale prices [2] - Yanghe Co. is recognized as a major national liquor producer, owning two famous Chinese liquor brands, Yanghe and Shuangguo [3] - Shui Jing Fang is noted as a well-known high-end liquor brand in China, representing a typical example of strong aroma liquor [4]

Core Viewpoint - The company, Shui Jing Fang, is experiencing a decline in revenue and net profit despite an increase in sales volume, attributed to ongoing adjustments in the liquor industry and weak consumer demand in traditional consumption scenarios [2][5][6]. Group 1: Financial Performance - For the first half of 2025, the company expects a revenue of 1.498 billion yuan, a year-on-year decrease of 12.84%, and a net profit of 105 million yuan, down 56.52% year-on-year [3]. - The sales volume of finished liquor is projected to increase by 543 thousand liters, a 14.54% year-on-year rise, all from mid-to-high-end products [5]. - From 2021 to 2024, the company's revenue showed a fluctuating growth pattern: 4.632 billion yuan (54.10%), 4.673 billion yuan (0.88%), 4.953 billion yuan (6%), and 5.217 billion yuan (5.32%) [5]. Group 2: Management Changes - The company has undergone significant management changes, with the chairman and general manager positions changing hands in July 2025, marking the second leadership transition in less than two years [1][11]. - Cristina Samin Suner, who took over as chairman in June 2024, has already been replaced by Sudhindra Shivnegere Rajarao [11][12]. - Frequent changes in the executive team may impact the company's strategic execution and market confidence [11][13]. Group 3: Market Dynamics - The liquor industry is currently in a deep adjustment phase, with traditional consumption scenarios like business banquets under pressure, leading to a slowdown in market recovery [5][6]. - The company has reported higher-than-expected channel inventory levels post-Spring Festival, affecting subsequent shipment volumes [5]. - In response to market disruptions, the company has implemented strict measures against violations of its pricing policies during promotional events [16][18].