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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Anhui Kouzi Distillery
Anhui Kouzi Distillery (603589) investor relations material
Anhui Kouzi Distillery Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue rose 3.09% YoY to RMB 662.6m, while net income attributable to shareholders fell 28.41% to RMB 19.3m.
9M revenue declined 17.62% YoY to RMB 2.614bn and attributable net income fell 48.23% to RMB 384.2m.
Financial highlights
9M total costs and expenses were RMB 2.109bn, versus RMB 2.226bn a year earlier; total profit was RMB 511.0m, down 47.26% YoY.
Adjusted 9M net income, excluding nonrecurring items, was RMB 379.0m, down 47.71% YoY; reported net income was RMB 384.2m.
Q3 total profit increased 58.58% YoY to RMB 35.4m, while Q3 adjusted net income was RMB 19.0m, down 28.39%.
Key financial ratios and metrics
9M basic EPS was RMB 0.64, down 48.39% YoY; Q3 basic EPS was RMB 0.03, down 25.00%.
9M weighted average ROE was 3.67%, down 3.39 percentage points YoY; Q3 ROE was 0.21%, down 0.19 percentage points.
Total assets were RMB 12.421bn at Sep. 30, 2026, down 2.30% from year-end 2025; shareholder equity was RMB 10.488bn, up 0.82%.
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Latest events from Anhui Kouzi Distillery
- Revenue and profit fell nearly 50% year-over-year, but core business and market position remain stable.603589
H1 2026 - Revenue and profit fell significantly, but dividend payout remains robust.603589H2 2025
- Q1 2026 saw a 24% revenue drop and 46% net profit decline amid persistent market pressures.603589Q1 2026
- Revenue and profit plunged amid weak baijiu demand and lower high-end sales.603589Q3 2025
- Revenue and profit fell sharply year-over-year, but digital and e-commerce channels grew.603589H1 2025
- Q3 revenue and profit declined sharply year-over-year, with weaker sales and lower cash flow.603589Q3 2024
- Net profit up 11.91% on strong high-end baijiu sales and brand upgrades.603589H1 2024
- Revenue up, profit down; high margins and strong cash flow support strategic upgrades.603589H2 2024
- Q1 2025 saw steady revenue and profit growth, but operating cash flow turned negative.603589Q1 2025
Next Anhui Kouzi Distillery earnings date
H2 202627 Apr, 2027
Anhui Kouzi Distillery
Next Anhui Kouzi Distillery earnings date
H2 202627 Apr, 2027
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