HK Stock Market Move | ZJLD(06979) fell over 4% in the closing session, policy impact on consumer spending still remains to be observed. The company stated that it aims to maintain flat revenue throughout the year.

ZJLD (06979) fell by more than 4% at the close, dropping to 6.49 Hong Kong dollars, a decrease of 4.14%, with a trading volume of 85.36 million Hong Kong dollars. On the news front, retail sales data for October exceeded expectations, showing clear signs of a warming trend in consumption. CITIC SEC previously stated that macroeconomic recovery is still underway, and there is a clear trend of policy strengthening in the near term. While the impact on consumption is still to be seen, it is expected that the overall attractiveness of consumption allocation will increase under the backdrop of expected leading indicators. The liquor industry, with clear cyclical characteristics, and as a representative sector of consumption, has demand for allocation. China International Capital Corporation (CICC) released a research report stating that ZJLD Group's overall revenue for January to October saw a slight increase year-on-year, with stable performance in premium liquor and continued high growth in Lidu. The company stated that its main goal for November and December is still focused on healthy business development, with the expectation that the product structure will remain stable and the proportion of mid-to-low-end products in revenue will not increase significantly. The company aims to strive for flat year-on-year revenue and expects the trend of improving profit margins to continue. Looking ahead to next year, the company aims to achieve flat or slight revenue growth year-on-year, with a greater focus on sustainable market development.