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Every Jing AI Express, Dongwu Securities released a research report on November 2, giving Jiugui Liquor (000799.SZ) a "buy" rating. The reasons for the rating mainly include: 1) The positive contribution of the emerging channels in Q3 2025, and the gradual bottoming out of the original channels; 2) The decline in revenue leads to continued pressure on profitability, but marginal strengthening of expense control; 3) By 2025, establish a "2+2+2" product layout, strengthen end terminals, group purchases, and other multi-channel construction. (Daily Economic News)