Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025 compared to the same period in 2024, indicating challenges in its financial performance [1] Group 1: Financial Performance - The company's revenue decreased by 4.84% to 6.95 billion yuan in the first half of 2025, while net profit fell by 9.46% to 2.229 billion yuan [1] - In Q2 2025, the company's revenue was 1.852 billion yuan, representing a year-on-year decline of 29.69%, and net profit was 0.585 billion yuan, down 37.06% year-on-year [1] Group 2: Revenue by Product - Revenue from Special A+ products in the first half of 2025 was 4.311 billion yuan, a decrease of 7.3% compared to 4.654 billion yuan in the same period of 2024 [2] - Revenue from Special A products increased slightly by 0.74% to 2.232 billion yuan, while A class products saw a decline of 10% to 0.232 billion yuan [2] - B class products revenue decreased by 6.3% to 0.077 billion yuan, and revenue from C and D class products dropped significantly by 39.3% to 0.026 billion yuan [2] - Other products experienced a revenue decline of 9.8% to 0.028 billion yuan [2] Group 3: Revenue by Region - Revenue from domestic sales was 6.254 billion yuan, down 6% from 6.658 billion yuan in the previous year [2] - The Huai'an region generated 1.226 billion yuan, a decrease of 4.3%, while the Nanjing region saw a decline of 7.9% to 1.753 billion yuan [2] - The Chinan region's revenue fell by 11% to 0.728 billion yuan, while the Chizhong region remained relatively stable with a slight decrease of 0.2% to 1.116 billion yuan [2] - The Yancheng region's revenue decreased by 6.31% to 0.753 billion yuan, and the Huaihai region's revenue dropped by 7.3% to 0.677 billion yuan [2] - Conversely, revenue from outside the province increased by 4.78% to 0.628 billion yuan [2]

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。 根据《上海证券交易所上市公司自律监管指引第3 号——行业信息披露》之 《第十二号——酒制造》相关规定，现将江苏今世缘酒业股份有限公司2025 年 上半年与行业相关的定期经营数据（未经审计）披露如下： 一、 产品分档次、地区的情况 单位：元币种:人民币 | | 主营业务分产品情况 | | | | --- | --- | --- | --- | | | | 营业收入 | | | 分产品 | 2025 年上半年 | 2024 年上半年 | 同比增减 | | 特A+类 | 4,311,323,749.36 | 4,654,451,094.94 | -7.37% | | 特A 类 | 2,232,128,408.59 | 2,215,742,971.50 | 0.74% | | A 类 | 232,282,462.47 | 258,215,471.52 | -10.04% | | B 类 | 76,798,387.46 | 81,995,000.09 | -6.34% | | C 类、D ...

Core Viewpoint - A significant wave of fund distributions has occurred, with over 1,900 funds distributing more than 130 billion yuan in total this year, indicating a trend of sharing investment returns with investors during market fluctuations [1][3]. Fund Distribution Overview - As of June 22, 2023, 82 public funds announced distribution plans, with a total of 1,941 funds having made 2,761 distributions this year, amounting to 131.46 billion yuan [1]. - The number of funds distributing over 10 billion yuan has reached 17, with 41 funds distributing more than 5 billion yuan [2]. Notable Fund Performances - The top three funds by total distribution amount are: - Guangfa Small Cap Growth A: 3.096 billion yuan -招商中证白酒 A: 2.890 billion yuan -易方达价值精选: 2.793 billion yuan [2]. - Guangfa Small Cap Growth A's distribution this year has increased by over 190% compared to last year's total of 1.066 billion yuan [2]. Distribution Frequency - Some funds have shown a high frequency of distributions, with 25 funds distributing more than five times this year, and the highest being Baoying Core Advantage A and C classes, which distributed 10 times [1]. - 易方达价值精选 has distributed four times this year, maintaining a stable distribution pattern over the past two years [2][3]. Market Context and Strategy - Industry experts suggest that fund distributions aim to maximize investor benefits, especially in volatile markets, by sharing investment results and boosting investor confidence [3]. - Large funds may use substantial distributions to reduce management scale and mitigate holding risks, while also alleviating pressure from concentrated redemptions [3].

单位：元 币种: 人民币 | | 主营业务分产品情况 | | | | --- | --- | --- | --- | | 分产品 | | 营业收入 | | | | 2025 年第一季度 2024 | 年第一季度 | 同比增减 | | 特A+类 | 3,168,848,024.47 | 2,972,624,549.83 | 6.60% | | 特A 类 | 1,649,515,392.73 | 1,405,437,512.71 | 17.37% | | A 类 | 184,233,136.39 | 178,387,297.56 | 3.28% | | B 类 | 56,854,797.36 | 59,127,121.25 | -3.84% | | C 类、D 类 | 18,985,831.40 | 30,753,891.25 | -38.27% | | 其他 | 1,477,444.50 | 1,717,151.19 | -13.96% | | | 主营业务分地区情况 | | | | 分地区 | | 营业收入 | | | | 2025 年第一季度 2024 | 年第一季度 | 同比增减 | | 省内 | 4,6 ...