2025-11-09-港交所-五_粮_液2025年第三季度报告（英文版）_11页_206kb

Summary of Wuliangye Yibin Co., Ltd. 2025 Third Quarterly Report

Financial Performance

The report highlights a substantial decline in key financial metrics for the period. In the third quarter of 2025 (Q3), operating revenue was RMB 8,174,336,700.05, representing a year-on-year decrease of -52.66%. Net profit attributable to shareholders was RMB 2,019,334,151.76, with a year-on-year drop of -65.62%. For the first nine months of 2025 (Q1-Q3), total operating revenue decreased by -10.26% year-on-year to RMB 60,945,321,083.57, and net profit attributable to shareholders fell by -13.72% year-on-year to RMB 21,511,276,550.29. The reasons cited include deep adjustments in the Baijiu industry leading to poor demand recovery and increased operational costs in response to market changes during Q3 2025.

Asset and Equity Changes

Total assets as of September 30, 2025, decreased by -3.81% year-on-year to RMB 181,073,423,202.77. Equity attributable to shareholders rose by +6.91% year-on-year to RMB 142,495,742,798.41. Net cash generated from operating activities for Q1-Q3 was RMB 28,247,488,416.94, with a slight decrease of -5.19% year-on-year.

Other Highlights

The financial statements are unaudited, which may indicate potential risks, but the company and its board affirm their accuracy. Shareholder information shows dominance by entities like Yibin Development Holding Group Co., Ltd., with no material changes in top shareholders or major events reported for the period. Exceptions and non-recurring items had a minor impact, with odd gains and losses totaling a positive effect, but overall, the results reflect challenging market conditions.