Core Points - The company Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd. has announced a share repurchase plan with a total expected amount between RMB 200 million and RMB 300 million [1][2] - The repurchase is intended for employee stock ownership plans or equity incentives [1][2] - As of July 16, 2025, the company has repurchased 12.0941 million shares, representing 1.3268% of the total share capital [2] Summary by Sections Share Repurchase Plan - The repurchase plan was approved on April 23, 2025, and will be executed within 12 months [1] - The maximum repurchase price is set at RMB 12.83 per share [1] Progress of Share Repurchase - As of July 16, 2025, the company has repurchased 12.0941 million shares at a price range of RMB 10.16 to RMB 10.50 per share [2] - The total amount spent on the repurchase is RMB 125.3321 million, excluding transaction fees [2] Compliance and Regulations - The company is adhering to relevant laws and regulations regarding share repurchase and will disclose progress in a timely manner [2]

Core Points - The stock price of Guyue Longshan (600059) closed at 10.77 yuan on June 27, 2025, representing a 4.36% increase from the previous week's closing price of 10.32 yuan [1] - The company's market capitalization is currently 9.817 billion yuan, ranking 7th out of 16 in the non-baijiu sector and 1634th out of 5151 in the A-share market [1] Company Announcements - Guyue Longshan announced its first share buyback through centralized bidding, repurchasing 4.8888 million shares, which accounts for 0.54% of the total share capital [1] - The buyback plan was approved on April 23, 2025, with a budget of no less than 200 million yuan and no more than 300 million yuan, with a buyback price not exceeding 12.83 yuan per share [1] - As of June 20 and 23, 2025, the company repurchased shares at a maximum price of 10.50 yuan and a minimum price of 10.16 yuan, with a total expenditure of 50.2457 million yuan (excluding transaction fees) [1]

Core Viewpoint - Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd. announced a share repurchase plan to enhance employee stock ownership and incentivize staff, with a total repurchase amount between RMB 200 million and RMB 300 million [1][2]. Group 1: Share Repurchase Plan - The share repurchase plan was approved by the board on April 23, 2025, and will be executed within 12 months from the approval date [1]. - The company plans to repurchase shares at a price not exceeding RMB 12.83 per share [1]. - The repurchased shares will be used for employee stock ownership plans or equity incentives [1]. Group 2: Progress of Share Repurchase - As of the announcement, the company has repurchased a total of 4.8888 million shares, representing 0.54% of the total share capital [1]. - The total amount spent on repurchased shares so far is RMB 50.2457 million [1]. - The company will continue to make repurchase decisions based on market conditions and will fulfill information disclosure obligations as required [2].

Core Viewpoint - The stock of Kuaijishan Shaoxing Wine Co., Ltd. has experienced significant price fluctuations, with a cumulative increase of 44.08% over a short period, raising concerns about trading risks in the secondary market [2][4]. Market Trading Risk - The company's stock price increased by more than 20% over two consecutive trading days on May 26 and May 27, 2025, leading to a trading anomaly [2][4]. - On May 28, 2025, the stock hit the daily limit again, closing at 25.81 yuan, with a static P/E ratio of 63.08, significantly higher than the industry average of 20.51 [2][4]. - The stock's turnover rates for the last three trading days were 3.02%, 3.24%, and 12.01%, indicating a substantial increase compared to normal trading volumes [2][4]. Company Financial Performance - For the first quarter of 2025, the company reported a revenue of 481,291,895.94 yuan, reflecting a year-on-year growth of 10.10% [3][5]. - The net profit attributable to shareholders was 93,743,222.29 yuan, a 1.70% increase from the previous year, while the net profit excluding non-recurring gains and losses was 92,578,689.05 yuan, up by 12.72% [3][5]. - The company's fundamentals have not changed significantly, and there are no undisclosed major events [3][5]. Media and Market Rumors - The company has confirmed that there are no media reports or market rumors affecting its stock price, and all information is disclosed through official channels [6]. Major Events - As of the announcement date, there are no undisclosed major events or information that the company is required to disclose [8].

Core Viewpoint - Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd. announced a cash dividend distribution of 0.08 RMB per share, totaling approximately 72.92 million RMB, approved at the annual shareholders' meeting on May 16, 2025 [1][2]. Summary by Sections Dividend Distribution - The cash dividend of 0.08 RMB per share will be distributed based on a total share capital of 911,542,413 shares [1]. - The total cash dividend payout amounts to 72,923,393.04 RMB [1]. Relevant Dates - The key dates for the dividend distribution are as follows: - Shareholding registration date: June 4, 2025 - Last trading date: June 5, 2025 - Ex-dividend date: June 5, 2025 [1]. Implementation Method - The dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the end of trading on the shareholding registration date [1][2]. - Shareholders who have completed designated transactions can receive their cash dividends on the payment date, while those who have not will have their dividends held until the designated transaction is completed [1]. Taxation Policies - For individual shareholders and securities investment funds, dividends are subject to different personal income tax rates based on the holding period: - Holding period over 1 year: exempt from personal income tax - Holding period within 1 year: no withholding tax at the time of distribution [3]. - Specific tax burdens are outlined for different holding periods, with a maximum effective tax rate of 20% for shares held less than 1 month [3][4]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net dividend of 0.072 RMB per share [5]. Contact Information - For inquiries regarding the annual equity distribution, shareholders can contact the board office of Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd. at 0575-85176000 [5].

Group 1 - The core opinion of the legal opinion letter is that the differentiated dividend distribution plan of Kuaijishan Shaoxing Wine Co., Ltd. complies with relevant laws and regulations, and does not harm the interests of the company and its shareholders [8] - The company plans to distribute a cash dividend of 4.0 yuan (including tax) for every 10 shares, with a total share capital of 479,463,409 shares as of December 31, 2024, resulting in a total cash dividend of 188,185,363.60 yuan (including tax) [5][6] - The company has repurchased 9,000,000 shares, which will not participate in the dividend distribution, thus the actual participating shares for the dividend distribution will be 470,463,409 shares [5][6] Group 2 - The repurchase of shares is part of a plan to incentivize employees and will not affect the dividend distribution as the repurchased shares do not have voting rights or profit distribution rights [5][6] - The differentiated dividend distribution is calculated based on the closing price of 14.68 yuan per share on May 8, 2025, leading to an adjusted ex-dividend price of 14.28 yuan per share [6][7] - The impact of the differentiated dividend distribution on the ex-dividend reference price is minimal, estimated at 0.05%, which is less than 1% [7][8]

Core Viewpoint - The company has announced a cash dividend distribution of 0.4 yuan per share for the fiscal year 2024, approved at the annual shareholders' meeting on April 25, 2025 [1][2][3]. Dividend Distribution Details - The total profit available for distribution to shareholders as of December 31, 2024, is approximately 1.42 billion yuan, with the cash dividend amounting to about 188.19 million yuan, representing 95.92% of the net profit attributable to shareholders [2]. - The cash dividend distribution will not involve stock bonuses or capital increases, resulting in no change to the circulating shares [3]. - The record date for the dividend is May 29, 2025, with the last trading day on May 30, 2025, and the ex-dividend date also on May 30, 2025 [1][3]. Implementation of Dividend Distribution - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the end of the trading day on the record date [3][4]. - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [3]. Taxation on Dividends - For individual shareholders, dividends are subject to different tax treatments based on the holding period, with a maximum tax rate of 20% for shares held for less than one month and a reduced rate of 10% for shares held between one month and one year [5][6]. - For qualified foreign institutional investors (QFII), a withholding tax of 10% will apply, resulting in a net dividend of 0.36 yuan per share [6]. - Hong Kong Stock Exchange investors will also face a 10% withholding tax, leading to a net dividend of 0.36 yuan per share [6].