Distillers and Vintners

JGJC

JGJC released FY2025 earnings on April 28 After-Market (BJT), actual revenue CNY 1.108 B (forecast CNY 1.165 B), actual EPS CNY -0.1045 (forecast CNY 0.0875)

JGJC released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 348.09 M (forecast CNY 297 M), actual EPS CNY -0.0741 (forecast CNY 0.18)

JGJC released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 317.27 M, actual EPS CNY 0.1021

JGJC to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

JGJC to Release FY2025 Annual Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 1.165 B, EPS CNY 0.0875

JGJC released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 198.45 M (forecast CNY 285.52 M), actual EPS CNY -0.0576

JGJC released FY2025 9-month earnings on October 30 After-Market BJT, actual revenue CNY 759.76 M, actual EPS CNY -0.0303

JGJC to Release FY2025 Q3 Earnings on October 31 After-Market (BJT), Forecast Revenue CNY 285.52 M

JGJC released FY2025 Q2 earnings on August 22 During-Market (BJT), actual revenue CNY 217.27 M (forecast CNY 216.11 M), actual EPS CNY -0.0702

JGJC released FY2025 Semi-Annual Earnings on August 22 During-Market (BJT), actual revenue CNY 561.31 M, actual EPS CNY 0.0276

JGJC to Release FY2025 Semi-Annual Earnings on August 23, 2025 (BJT)

Jiugui Liquor Explains Reasons for Lowered First Half-Year Performance

Fat East Comes Together with Jiugui Liquor to Launch New Product 'Freedom Love'

Dadonglai Announces Allocation of Jiugui Ziyuelai Production and New Product Sales

Pondonglai and Jiuguijiu collaborate to launch a new fragrant baijiu

Jiugui Liquor Posts Significant Decline in Net Profit for First Half of 2025

Jiugui Liquor Sees Sharp Drop in Net Profit in H1 2025

Jiugui Liquor Changes Legal Representative and General Manager

Pudonglai Announces Pricing Forecast for New Jiugui Liquor Co-Branded Product

Jiugui Liquor Partners with Pang Donglai to Launch New Baijiu Product

161725

600519

515170

512690

000799

Qiu Yinghua led a business delegation to visit Guizhou to promote liquor trade. The delegation toured the sauce-flavored liquor distillery and Moutai distillery in Renhuai City to learn about the production and development of baijiu. Qiu Yinghua introduced Hong Kong's advantages in liquor trade and discussed economic and trade connections with Guizhou officials. The Hong Kong government has launched policies to support mainland enterprises going global, aiding the development of the baijiu industry. The delegation also visited Guizhou Zhenjiu and Dongjiu distilleries, emphasizing Hong Kong's important role in connecting the mainland with international markets

AASTOCKS

China Merchants CSI Liquor Index Fund-A

Moutai

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Penghua CSI Alcoholic Drink ETF

Qiu Yinghua leads a delegation to visit Guizhou to promote liquor trade

000995

603919

Baijiu stocks quickly rebounded, Huangtai Wine hit the daily limit, JINHUI rose nearly 6%, JGJC and Moutai both surged

Wallstreetcn

Huangtai Wine

JINHUI

000858

603288

600600

000568

600779

600809

000596

Goldman Sachs released a research report listing the investment ratings and target prices for mainland retail stocks. Among the liquor stocks, Moutai and WLY are rated as "Buy," with target prices of 1,553 yuan and 133 yuan, respectively; ZJLD, SHANXI FEN WINE, and LZLJ are rated as "Neutral"; Yanghe, Gu Jing, JGJC, and SCSF are rated as "Sell." In the beer stocks, BUD APAC, CHINA RES BEER, and Tsingtao Brewery are rated as "Buy," while others are rated as "Neutral." Among the condiment stocks, HAITIAN FLAV is rated as "Buy."

HAI TIAN

Tsingtao Brewery

TSINGTAO BREW

Tianhong CSI Food and Beverage ETF

LZLJ

SCSF

HAITIAN FLAV

BUD APAC

CHINA RES BEER

China Merchants Guozheng Food and Beverage ETF

Yanghe

SHANXI FEN WINE

Gu Jing

ZJLD

Goldman Sachs' Investment Ratings and Target Prices for Mainland Retail Stocks (Table)

600559

Langjiu launched its "Chinese Langjiu · Welcoming the World" global tour in New York for the 2026 Lunar New Year, coinciding with the Year of the Horse. The event featured the "Chinese New Year · Shared with the World" Spring Festival Night at the UN, showcasing sauce-aroma baijiu and promoting cultural exchange. The company aims to enhance international brand recognition and cultural dialogue, with landmarks in New York and Toronto illuminated in its signature "China Red." Langjiu, based in Sichuan, uses traditional techniques for its baijiu production.

Acceswire

LAO BAI GAN JIU

Langjiu Launches Global Baijiu Tour in New York for Lunar New Year

600188

601898

Coal stocks surged, YANKUANG ENERGY, Shaanxi Heimao, and YNCE hit the daily limit, while CHINA COAL, DYEC, and Jinkong Coal also saw significant gains. A-shares in the liquor sector rose again, with Huangtai Wine reaching the daily limit, marking a five-day winning streak, while JGJC, Moutai, LZLJ, and SHANXI FEN WINE also followed suit. Hong Kong chip stocks initially declined, with Shanghai Fudan dropping over 6%, Huahong Semiconductor falling more than 4%, Zhaoyi Innovation down over 3%, and SMIC dropping nearly 3%

YANKUANG ENERGY

China Coal Energy

YNCE

Shanxi Coking Coal

DYEC

Guotai CSI Coal ETF

CHINA COAL

Shaanxi Heimao

The ChiNext Index fell over 2%, computing hardware stocks all declined, "Yi Zhongtian" plummeted, coal stocks surged, the Hang Seng Index dropped over 1%, chip stocks adjusted, and Shanghai gold and silver rose significantly

According to industry insiders, Junpin Xijiu will implement total volume control nationwide this year, with an annual release limited to 4,000 tons. (Sina Finance)

36Kr

Junpin Xijiu controls the quantity, with a limited release of 4,000 tons this year

603058

603318

300476

002384

36Kr learned that the three major indices of A-shares opened lower collectively, with the Shanghai Composite Index down 0.62%, the Shenzhen Component Index down 0.81%, and the ChiNext Index down 1.16%; the communication equipment, electronic components, and computer hardware sectors saw the largest declines, with Jiangbolong and Dekeli dropping over 5%, and Dongshan Precision and VGT falling over 4%; the packaging, gas, and liquor stocks led the gains, with GZYJPCO hitting the daily limit, JGJC rising over 4%, and Shuifa Gas increasing over 2%

GZYJPCO

Shuifa Gas

DSBJ

The three major A-share indices opened lower collectively, with the communication equipment sector declining

JGJC(000799.SZ)