从基金十大重仓股角度 11月10日，泸州老窖涨5.01%，截至发稿，报138.25元/股，成交11.88亿元，换手率0.60%，总市值 2034.97亿元。 资料显示，泸州老窖股份有限公司位于四川省泸州市南光路71号泸州老窖指挥中心，成立日期1995年5 月3日，上市日期1994年5月9日，公司主营业务涉及泸州老窖系列酒的生产、销售。主营业务收入构成 为：中高档酒类91.45%，其他酒类8.20%，其他收入0.34%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，新华基金旗下1只基金重仓泸州老窖。新华优选消费混合（519150）三季度持有股数6万股， 占基金净值比例为3.98%，位居第六大重仓股。根据测算，今日浮盈赚取约39.6万元。 责任编辑：小浪快报 新华优选消费混合（519150）成立日期2012年6月13日，最新规模1.99亿。今年以来收益3.24%，同类排 名7360/8219；近一年收益1.11%，同类排名7591/8125；成立以来收益489. ...

Core Viewpoint - Luzhou Laojiao's stock price has been declining for five consecutive days, with a total drop of 5.39% during this period, indicating potential concerns among investors regarding the company's performance and market conditions [1]. Group 1: Company Overview - Luzhou Laojiao Co., Ltd. is located at 71 Nanguang Road, Luzhou City, Sichuan Province, established on May 3, 1995, and listed on May 9, 1994. The company primarily engages in the production and sales of Luzhou Laojiao series liquor [1]. - The revenue composition of the company is as follows: 91.45% from mid-to-high-end liquor, 8.20% from other liquor types, and 0.34% from other income sources [1]. Group 2: Stock Performance - As of the report, Luzhou Laojiao's stock price is 127.58 CNY per share, with a trading volume of 1.625 billion CNY and a turnover rate of 0.87%. The total market capitalization stands at 187.792 billion CNY [1]. Group 3: Shareholder Analysis - Huatai-PB Fund's Huatai-PB CSI 300 ETF (510300) is among the top ten circulating shareholders of Luzhou Laojiao, having increased its holdings by 1.0446 million shares in the second quarter, totaling 13.128 million shares, which represents 0.89% of the circulating shares [2]. - The estimated floating loss for Huatai-PB CSI 300 ETF today is approximately 24.6806 million CNY, with a cumulative floating loss of 95.4406 million CNY over the five-day decline [2]. Group 4: Fund Performance - The Huatai-PB CSI 300 ETF (510300) was established on May 4, 2012, with a current scale of 374.704 billion CNY. Year-to-date returns are 19.31%, ranking 2813 out of 4220 in its category, while the one-year return is 38.15%, ranking 2394 out of 3824 [2]. - The fund manager, Liu Jun, has a tenure of 16 years and 119 days, with a total asset scale of 466.972 billion CNY. The best fund return during his tenure is 131.59%, while the worst is -45.64% [2]. Group 5: Additional Fund Information - The Cash Flow ETF (563390) holds 63,700 shares of Luzhou Laojiao, accounting for 2.83% of the fund's net value, making it the tenth largest holding [3]. - The estimated floating loss for the Cash Flow ETF today is about 119,800 CNY, with a total floating loss of 463,100 CNY over the five-day decline [3]. - The Cash Flow ETF was established on April 23, 2025, with a current scale of 255 million CNY and a cumulative return of 15.31% since inception [4].

Core Viewpoint - Luzhou Laojiao's stock price has experienced fluctuations, with a recent decline of 2.00% on September 18, 2023, reflecting a broader trend of mixed performance in the market [1] Financial Performance - For the first half of 2025, Luzhou Laojiao reported a revenue of 16.454 billion yuan, a year-on-year decrease of 2.67%, and a net profit attributable to shareholders of 7.663 billion yuan, down 4.54% year-on-year [2] - The company has distributed a total of 52.059 billion yuan in dividends since its A-share listing, with 22.926 billion yuan distributed over the past three years [2] Stock Market Activity - As of September 18, 2023, Luzhou Laojiao's stock price was 134.26 yuan per share, with a market capitalization of 197.624 billion yuan [1] - The stock has increased by 12.59% year-to-date, but has seen a decline of 4.41% over the past five trading days [1] Shareholder Composition - As of June 30, 2025, the number of shareholders for Luzhou Laojiao reached 208,100, an increase of 15.55% from the previous period [2] - The top ten circulating shareholders include various funds and institutions, with notable changes in holdings among major shareholders [3]

Core Viewpoint - Luzhou Laojiao's stock price has experienced fluctuations, with a recent decline of 2.02% and a year-to-date increase of 11.40%, indicating mixed market sentiment towards the company [1][2]. Financial Performance - For the first half of 2025, Luzhou Laojiao reported a revenue of 16.454 billion yuan, a year-on-year decrease of 2.67%, and a net profit attributable to shareholders of 7.663 billion yuan, down 4.54% compared to the previous year [2]. - The company has distributed a total of 52.059 billion yuan in dividends since its A-share listing, with 22.926 billion yuan distributed over the last three years [2]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Luzhou Laojiao reached 208,100, an increase of 15.55% from the previous period, while the average circulating shares per person decreased by 13.47% to 7,058 shares [2][3]. - The top ten circulating shareholders include notable entities such as the China Securities Finance Corporation and various ETFs, with changes in their holdings reflecting market dynamics [3].

Group 1 - The stock price of Luzhou Laojiao increased by 2.01% on August 26, reaching 141.78 CNY per share, with a trading volume of 1.414 billion CNY and a market capitalization of 208.693 billion CNY [1] - Year-to-date, Luzhou Laojiao's stock price has risen by 18.89%, with a 12.17% increase over the last five trading days, an 18.44% increase over the last 20 days, and a 27.95% increase over the last 60 days [1] - The company's main business revenue composition includes 88.43% from mid-to-high-end liquor, 11.11% from other liquors, and 0.46% from other income [1] Group 2 - As of March 31, the number of shareholders for Luzhou Laojiao was 180,100, a decrease of 14.53% from the previous period, while the average circulating shares per person increased by 17.16% to 8,157 shares [2] - For the first quarter of 2025, Luzhou Laojiao reported a revenue of 9.352 billion CNY, a year-on-year increase of 1.78%, and a net profit attributable to shareholders of 4.593 billion CNY, a year-on-year increase of 0.41% [2] - Since its A-share listing, Luzhou Laojiao has distributed a total of 52.059 billion CNY in dividends, with 22.926 billion CNY distributed in the last three years [2] Group 3 - As of March 31, 2025, the top ten circulating shareholders of Luzhou Laojiao included the China Securities Index White Liquor Index A, which held 46.0542 million shares, a decrease of 4.7815 million shares from the previous period [3] - Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 37.467 million shares, an increase of 1.5533 million shares [3] - E Fund Blue Chip Select Mixed Fund held 23.2001 million shares, an increase of 0.9501 million shares, while Huatai-PB CSI 300 ETF held 12.0834 million shares, a decrease of 0.6777 million shares [3]

Group 1: Industry Insights - The liquor industry is facing challenges, with companies like Luzhou Laojiao and Zhangyu expressing concerns about market conditions and sales performance [1][15] - Qingdao Beer is considering the integration of quality assets to enhance its market position, indicating a strategic approach to growth [13] - The recent regulations on public reception by government agencies may impact the consumption of alcoholic beverages in official settings [2] Group 2: Company Developments - Kweichow Moutai has completed 62.46 million shares repurchase, amounting to 10.11 billion yuan, which is two-thirds of its planned buyback [3] - Yanjing Beer is expanding into the non-alcoholic beverage market, launching a new soda brand to meet consumer demand and leverage synergies with its beer business [10][11] - Zhangyu's management remains cautiously optimistic about the long-term prospects of the domestic wine market despite current challenges [15][16] Group 3: Management Changes - Tim Ford is stepping down as CEO of Treasury Wine Estates, with Sam Fischer set to take over, bringing experience from both fast-moving consumer goods and the beverage industry [8] - Chen Qi, Vice Chairman of Shanghai Guijiu, has resigned due to personal reasons, continuing to serve as a board member [9]