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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.
Wuliangye
Wuliangye (000858) investor relations material
Wuliangye Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
Q3 revenue fell 37.68% YoY to ¥4.442B and net income attributable to shareholders fell 48.25% to ¥957.7M; 9M revenue and net income rose 7.25% and 49.98%, respectively.
9M growth reflected a lower prior-year profit base and effective Spring Festival sell-through measures, with core products performing well during the sales season.
Financial highlights
9M revenue was ¥32.858B, up 7.25% YoY; net income attributable to shareholders was ¥9.711B, up 49.98%.
9M adjusted net income was ¥9.441B, up 46.18% YoY; Q3 adjusted net income was ¥957.4M, down 48.16%.
Total assets were ¥171.960B at quarter-end, down 9.49% from year-end; shareholder equity was ¥118.437B, down 1.25%.
Segment performance
Q3 product sales volume declined amid weak market demand, contributing to lower revenue and profit for the quarter.
Core products recorded good sell-through during the Spring Festival sales season, supporting 9M growth alongside the lower prior-year profit base.
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Latest events from Wuliangye
- Net profit nearly doubled year-over-year on robust sales and enhanced shareholder returns.000858
Q2 2026 - Revenue and profit fell sharply, but gross margins and cash dividends remained strong.000858Q4 2025
- Q1 2026 revenue and profit surged year-over-year, but operating cash flow declined sharply.000858Q1 2026
- Q3 2025 revenue and profit plunged over 50% and 65% year-over-year amid industry headwinds.000858Q3 2025
- Revenue and profit rose modestly, with strong cash flow and continued high dividend payouts.000858Q2 2025
- Q1–Q3 2024 revenue and net profit rose over 8% and 9% year-over-year, with robust cash flow.000858Q3 2024
- Double-digit revenue and profit growth, high margins, and strong brand momentum in H1 2024.000858Q2 2024
- Revenue and net profit grew over 5%, with robust brand expansion and higher dividends.000858Q4 2024
- Revenue and net profit rose over 5% year-over-year, with a sharp surge in operating cash flow.000858Q1 2025
Next Wuliangye earnings date
Q4 202628 Apr, 2027
Wuliangye
Next Wuliangye earnings date
Q4 202628 Apr, 2027
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Frequently asked questions
Wuliangye Yibin Co., Ltd. is a China-based company primarily engaged in the production and distribution of distilled alcoholic beverages, specializing in Baijiu, a traditional Chinese grain-based spirit. The company’s flagship product, Wuliangye Baijiu, is crafted from a blend of five grains, known for its distinctive flavor profile and cultural significance. Wuliangye Yibin’s product portfolio includes various grades and varieties of Baijiu, catering to both domestic and international markets. The company serves consumers across China and has expanded its presence globally, focusing on premium and high-quality spirits. The company is headquartered in Yibin, Sichuan, China, and its shares are listed on the Shenzhen Stock Exchange.