HK Stock Market Move | ZJLD (06979) rose nearly 5% in the morning as the market prices of Flying Moutai and Wuliangye Yibin rebounded. The company previously raised its full-year performance guidance.

ZJLD (06979) rose nearly 5% in the morning session. As of the time of writing, it was up 4.52%, trading at HKD 7.97, with a transaction volume of HKD 11.47 million. On the news front, on August 8, Kweichow Moutai raised the retail price of Feitian Moutai in its 42 self-operated stores nationwide from RMB 1,719 per bottle to RMB 1,753 per bottle. This price increase came just over ten days after the last hike. During the same period, the batch price of the eighth generation of Wuliangye Yibin also saw an increase. China Galaxy Securities stated that the current market price recovery of Feitian Moutai and Wuliangye Yibin could be a key signal, but further observation is needed to assess the sustainability of the recovery during the busy sales periods of the Mid-Autumn Festival and National Day. It is noteworthy that in June of this year, ZJLD held its 2025 Annual Shareholders Meeting and announced an official upward revision of its performance guidance for 2026: the annual revenue growth rate was raised from 10% to 15%, and adjusted net profit was increased from RMB 600 million to RMB 800 million. China Great Wall published a research report stating that the upward revision of the performance guidance validates the commercial viability of the "Wanshang Alliance + Dazhen" combination.