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Wuliangye (000858) investor relations material
Wuliangye Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for H1 2025 reached ¥52.77 billion, up 4.19% year-over-year; net profit attributable to shareholders was ¥19.49 billion, up 2.28% year-over-year.
Gross margin for liquor products remained high at 82.2%, with the main product line maintaining market leadership.
Cash flow from operating activities surged 131.88% year-over-year to ¥31.14 billion, driven by higher cash collection rates.
The company continued to invest in innovation, brand building, and major capacity expansion projects.
Financial highlights
Operating income: ¥52.77 billion (+4.19% YoY); net profit attributable to shareholders: ¥19.49 billion (+2.28% YoY).
Operating cash flow: ¥31.14 billion (+131.88% YoY); basic EPS: ¥5.0216 (+2.28% YoY).
Gross margin for liquor: 82.2% (-0.39ppt YoY); net assets at period end: ¥140.48 billion (+5.40% from year-end 2024).
R&D investment increased 31.20% YoY to ¥209.60 million.
Outlook and guidance
Management remains focused on high-quality growth, innovation, and market expansion amid industry adjustments.
Ongoing major projects include the 10,000-ton eco-brewing phase II and the China Baijiu Cultural Sanctuary.
The company aims to further strengthen its brand and product matrix, targeting both domestic and international markets.
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