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Luzhou Laojiao (000568) investor relations material
Luzhou Laojiao Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 operating revenue was CNY 6.67 billion, down 9.8% year-over-year; Q1–Q3 revenue totaled CNY 23.13 billion, a 4.84% decrease year-over-year.
Net profit attributable to shareholders for Q3 was CNY 3.10 billion, down 13.07% year-over-year; Q1–Q3 net profit was CNY 10.76 billion, a 7.17% decrease year-over-year.
Basic and diluted EPS for Q1–Q3 were CNY 7.31, down 7.35% year-over-year.
Financial highlights
Gross margin remained robust despite revenue and profit declines.
Net cash flows from operating activities for Q1–Q3 were CNY 9.82 billion, down 21.20% year-over-year.
Total assets as of September 30, 2025, were CNY 65.50 billion, down 4.15% from December 31, 2024.
Net assets attributable to shareholders increased 4.84% to CNY 49.68 billion.
Weighted average ROE for Q1–Q3 was 22.00%, down 3.88 percentage points year-over-year.
Key financial ratios and metrics
Operating margin and net margin declined in line with lower revenue and profit.
Financial expenses decreased by CNY 143.08 million due to lower bond interest and reclassification of bill discounting expenses.
Other income rose by CNY 11.48 million, mainly from increased government grants.
Investment income increased by CNY 14.64 million, driven by higher earnings from investee Huaxi Securities.
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