Huazhi Wine Company: It is expected to record a net loss of 320 million to 433 million yuan in 2025, a year-on-year change from profit to loss.

Hua Zhi Wine Company announced that it is expected to have a net loss attributable to shareholders of 320 million to 433 million yuan in 2025, compared to a profit of 44.45 million yuan in the same period last year. The company stated that during this reporting period, the wine industry continued to slowdown, with prices of the main selling wines on the market showing a downward trend. As a result, the company's revenue has declined to a certain extent, the gross profit margin continues to decrease, and the company has increased the provision for inventory price decline based on end-of-period inventory and market price conditions, leading to a significant decrease in net profit.