HK Stock Market Move | ZJLD (06979) fell more than 4% in the afternoon. It will release its mid-term results after the market closes. Institutions indicate that demand is entering the traditional off-season.

ZJLD (06979) fell over 4% in the afternoon, and as of this report, it is down 4.42%, trading at HKD 7.885, with a transaction volume of HKD 14.2425 million. In terms of news, ZJLD plans to hold a board meeting on August 19 to approve the interim performance. It is noteworthy that ZJLD previously raised its revenue growth target for the full year of 2026 from 10% to 15% at the shareholders' meeting, and its net profit target was raised from 600 million to 800 million yuan. Orient pointed out that the demand for liquor from July to August is still in a downturn, estimating that sales in the industry have dropped by 10-15% year-on-year so far this July. Guosen indicated that demand has entered the traditional off-season, with relatively slow industry sales. While business banquets and graduation parties have seen some recovery compared to last year, there is still a gap compared to the same period in 2024. It is expected that the differentiation in the liquor sector's financial reports will intensify in Q2 2026, with destocking and pressure release remaining key themes.