Anhui Yingjia Distillery Co (603198) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 1.36 billion, down 20.76% year-over-year; YTD revenue was RMB 4.52 billion, down 18.09% year-over-year.

• Net profit attributable to shareholders in Q3 was RMB 381 million, down 39.01% year-over-year; YTD net profit was RMB 1.51 billion, down 24.67% year-over-year.

• Declines attributed to weak consumer demand and lower sales volumes.

Financial highlights

• Q3 gross margin and operating profit both declined significantly compared to the same period last year.

• Basic and diluted EPS for Q3 were RMB 0.48, down 38.46% year-over-year; YTD EPS was RMB 1.89, down 24.70%.

• Cash flow from operating activities for the first nine months was RMB 789 million, down 38.13% year-over-year.

• Total assets at Q3-end were RMB 13.09 billion, down 2.26% from year-end 2024.

• Shareholders’ equity was RMB 10.16 billion, up 3.18% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 2.55%, down 4.32 percentage points year-over-year; YTD ROE was 14.82%, down 7.08 percentage points.