"贵酒"之争终于迎来结局，10月9日晚间，*ST岩石披露了一则诉讼进展，相关判决书内容提到，上海贵酒股份有限公司、上海贵酒酒业销售有限公司立 即停止使用贵州贵酒集团有限公司（下称"贵州贵酒"）有一定影响的企业名称"贵酒"。 "贵酒"之争终于迎来结局。 10月9日晚间，*ST岩石披露了一则诉讼进展。相关判决书内容提到，上海贵酒股份有限公司、上海贵酒酒业销售有限公司立即停止使用贵州贵酒集团有 限公司（下称"贵州贵酒"）有一定影响的企业名称"贵酒"。 这意味着，上海贵酒将不能再使用"贵酒"名称，本就深陷泥潭中的*ST岩石（原上海贵酒）日子更不好过了。 吴典 摄 纠纷始末 *ST岩石与贵州贵酒的商标之争可以追溯到6年前。 2018年，市场掀起"酱酒热"，茅台酱香及其他主流品牌热度高涨。看到机遇的*ST岩石果断抛弃互联网金融，以收并购的方式切入酱酒赛道，并在第二年 将公司名称更为上海贵酒，但股票简称未变。 更名引发了贵州贵酒的不满。2019年12月，贵州贵酒以侵害商标专用权、构成不正当竞争纠纷为由在南京起诉上海贵酒股份有限公司、贵州贵酿、上海贵 酒酒业销售有限公司等四家公司，拉锯战就此展开，引起业内关注。 一个事实是， ...

投资快报记者张厚培 广州报道 10月10日，上海贵酒股份有限公司（证券简称" *ST岩石 "， 证券代码"600696.SH"）发布关于诉讼进展 的公告。公告显示，上海贵酒与贵州贵酒关于"贵酒"商标纠纷一案的终审判决结果出炉，上海贵酒作为 被告方败诉且需赔偿贵州贵酒相关经济损失，且不得使用"贵酒"这一企业名称。 江苏省高级人民法院下发的《民事判决书》主要内容之一，撤销江苏省南京市中级人民法院（2022）苏 01民初2135号民事判决；并裁定上海贵酒股份有限公司、贵州贵酿酒业有限公司、上海贵酒酒业销售有 限公司、上海贵酒云电子商务有限公司立即停止侵害贵州贵酒集团有限公司第1223571号、第8550010 号，第9784875号注册商标专用权的行为；裁定上海贵酒股份有限公司、上海贵酒酒业销售有限公司立 即停止使用贵州贵酒集团有限公司有一定影响的企业名称"贵酒"； 裁定上海贵酒股份有限公司、贵州 贵酿酒业有限公司、上海贵酒酒业销售有限公司、上海贵酒云电子商务有限公司于判决生效之日起十日 内赔偿贵州贵酒集团有限公司经济损失及合理维权费用共计418.847万元。 资料显示，贵州贵酒前身系1950年成立的国营贵阳酒厂， ...

每经记者｜刘明涛 每经编辑｜赵云 一场长达5年多的拉扯终于落幕。 *ST岩石（600696）最终在与贵州贵酒集团（洋河股份旗下企业）之间的"贵酒"商标纠纷案中败诉，被 罚款的同时，还失去了"贵酒"名称的使用权。 此次商标侵权案败诉对ST岩石而言可谓"雪上加霜"，其影响远超419万元的直接赔偿，而是对品牌、渠 道、财务等核心竞争力的系统性冲击。在白酒行业深度调整、退市新规严格执行的背景下，*ST岩石若 无法在年内完成品牌重塑和债务重组，退市风险无疑将进一步加剧。 国庆假期刚过，*ST岩石便"暴雷"了！ 10月9日晚间，*ST岩石发布《上海贵酒股份有限公司关于诉讼进展的公告》。公告显示，上海贵酒侵 害商标权纠纷一案已终审判决，公司作为被告方，因侵害贵州贵酒集团商标权及不正当竞争行为，被判 承担经济损失及合理维权费用共计418.85万元（另须负担一审、二审案件受理费共计约10万元），并需 在官网及上交所网站发布致歉公告以消除影响。 有业内人士指出，"贵酒"名称此前一直是上海贵酒品牌标识的核心部分。此次判决要求停止使用"贵 酒"企业名称及相关商标，意味着公司需在短期内完成品牌替换，涉及产品包装、广告宣传、渠道标识 等 ...

公告提到，原告贵州贵酒集团有限公司诉被告上海贵酒酒业销售有限公司、贵州贵酿酒业有限公司、上 海贵酒股份有限公司、苏宁易购集团股份有限公司侵害商标权纠纷一案，江苏省南京市中级人民法院于 2021年7月13日作出一审判决。后贵州贵酒集团有限公司不服判决上诉至江苏省高级人民法院，江苏省 高级人民法院于2022年5月17日裁定撤销一审判决，发回江苏省南京市中级人民法院重审。 经过多轮诉讼纠纷，"贵酒"商标之争终于落幕。 10月10日，*ST岩石发布关于诉讼进展的公告。公告显示，上海贵酒与贵州贵酒关于"贵酒"商标纠纷的 终审判决结果出炉，上海贵酒作为被告方败诉且需赔偿贵州贵酒相关经济损失，且不得使用"贵酒"这一 企业名称。 资料显示，贵州贵酒前身是成立于1950年的"贵阳酒厂"，是贵州老字号企业，也是贵州省最早的国营酒 厂之一。2016年，贵州贵酒被洋河股份全资收购，成为洋河旗下重要的酱香型品牌资产。 而上海贵酒作为跨界转型的企业，背景相对复杂。其前身"上海岩石企业发展股份有限公司"在现实际控 制人韩宏伟、韩啸父子的主导下，于2019年12月进军白酒行业，并将公司名称正式变更为"上海贵酒股 份有限公司"。 但这一举动立 ...

Core Viewpoint - The resignation of Zhang Liandong as chairman of Yanghe Co., Ltd. marks a significant leadership change amid the company's recent performance challenges, with the new leadership expected to navigate a critical period for the company and the industry [1][3][29]. Group 1: Leadership Changes - Zhang Liandong submitted his resignation from the board and various leadership roles due to work adjustments, effective immediately upon delivery to the board [1][3]. - The board confirmed that Zhang's departure would not affect the minimum number of board members required by law and would not disrupt normal operations [3]. - Gu Yu has been appointed as the new party secretary of Jiangsu Yanghe Distillery Co., Ltd., indicating a shift in leadership dynamics within the company [3][5]. Group 2: Company Performance - During Zhang's tenure from 2021 to 2023, Yanghe's revenue grew from 212.02 billion to 278.57 billion yuan, with a notable increase in net profit, reaching over 100 billion yuan for the first time in 2023 [11][13]. - However, the company faced a significant downturn in 2024, with revenue dropping to 288.8 billion yuan, falling below the 300 billion yuan threshold and trailing behind competitors [17][19]. - The decline continued into 2025, with Q1 revenue reported at 110.66 billion yuan, a 31.92% decrease year-on-year, and net profit down 39.93% [24][25]. Group 3: Strategic Challenges - Zhang acknowledged that the company's past success may have hindered its ability to adapt to current market demands, emphasizing the need for new strategies and management approaches [26][28]. - The company has been criticized for not effectively upgrading its brand and marketing strategies to engage younger consumers, leading to a loss of competitive edge [28][30]. - The leadership transition is seen as an opportunity for a "reset," with the new board expected to make critical decisions regarding the company's future direction and operational strategies [29][30]. Group 4: Recommendations for New Leadership - Industry experts suggest that the new chairman should focus on revitalizing the "Double Canal" brand to enhance market presence and drive growth [31]. - Recommendations include optimizing marketing strategies, enhancing talent acquisition, and improving operational efficiency to respond to competitive pressures in the industry [32][33].

Core Viewpoint - Jiangsu Yanghe Brewery Co., Ltd. announced the resignation of Chairman Zhang Liandong due to work adjustments, marking another high-level personnel change within the company in a short period [1][8] Group 1: Leadership Changes - Zhang Liandong has resigned from his positions as Chairman, Director, and various committee roles, and will not hold any other positions within the company or its subsidiaries after his resignation [1] - The company has not yet disclosed a new chairman and will complete the necessary procedures for board member elections promptly [1] - The current Party Secretary is Gu Yu, and the Vice Party Secretary, Vice Chairman, and President is Zhong Yu [3][5] Group 2: Company Performance and Strategy - During Zhang Liandong's tenure, he implemented several reforms, including the "Dual Famous Liquor Strategy" and the establishment of a multi-brand matrix covering various price points [7] - The company reported a revenue increase of over 20% to 25.4 billion yuan in 2021, with net profit exceeding 10 billion yuan in 2023 [7] - However, the company faced a revenue decline of 12.83% to 28.876 billion yuan in 2024, with net profit dropping over 30% to 6.673 billion yuan [7][8] Group 3: Industry Context - The liquor industry is experiencing a deep adjustment period, with Yanghe Brewery ranking fourth in revenue among major liquor manufacturers, and fifth in net profit [7][8] - Zhang Liandong acknowledged the need for new methods and paths for development, citing management as a significant issue during a recent shareholders' meeting [8]

Core Viewpoint - The recent resignation of Zhang Liandong as chairman of Yanghe Co., following the earlier departure of director Yang Weiguo, indicates significant leadership changes within the company, which may impact its strategic direction and performance [2][5]. Group 1: Leadership Changes - Zhang Liandong submitted his resignation due to work adjustments, stepping down from multiple roles including chairman and director of the board [2]. - Zhang's tenure included initiatives like the "dual famous liquor strategy" and the development of a multi-brand matrix, which aimed to enhance brand positioning and product structure [3]. - The company has not yet announced a successor for the chairman position, indicating ongoing uncertainty in leadership [4][5]. Group 2: Performance and Challenges - Yanghe's financial performance has shown a declining trend, with revenue figures for 2021-2024 being 253.5 billion, 301.05 billion, 331.26 billion, and 288.76 billion respectively, reflecting a growth rate decrease from 20.14% to -12.83% [3]. - Net profit figures for the same period were 75.08 billion, 93.78 billion, 100.16 billion, and 66.73 billion, with growth rates dropping from 0.34% to -33.37% [3]. - Industry experts attribute the declining performance to structural issues within the company's distribution network and insufficient brand rejuvenation efforts [4]. Group 3: Future Outlook - The challenges faced by Yanghe, including brand vitality, profit transparency, inventory pressure, and the need for marketing transformation, have been highlighted by Zhang during his tenure [4]. - The upcoming leadership transition presents an opportunity for new strategies to address these challenges and drive growth [5].