HK Stock Market Move | ZJLD(06979) rose over 5% in the closing session, the company recently raised its performance guidance, and Moutai's price increase may drive the revaluation of the liquor industry.

ZJLD (06979) rose more than 5% before the market closed, rising by 4.92% as of the time of writing, reaching 8.1 Hong Kong dollars, with a turnover of 26.6732 million Hong Kong dollars. On the news front, in June of this year, ZJLD held its 2025 annual shareholder meeting and officially announced an upward adjustment of its 2026 performance guidance: the annual revenue growth rate was raised from 10% to 15%, and the adjusted net profit was raised from 600 million yuan to 800 million yuan. China Great Wall released a research report stating that the upward adjustment of performance guidance validates the commercial feasibility of the "WanShang Alliance + DaZhen" combination. It is worth noting that on July 17th, Maotai announced its second price increase of the year. Dongxing pointed out that this price increase by Maotai implies an upward leveling of the industry ceiling, which is more beneficial in alleviating the overall price pressure on the industry. Although this price increase is not driven from the perspective of demand recovery, it indirectly reflects the resilience of demand, which helps alleviate concerns about weak demand in the food and beverage industry and may lead to a reevaluation of the industry's valuation.