In 2025, yellow wine stocks outperform white wine stocks.

In 2025, the wine industry underwent a deep adjustment, but the journalist noticed that, unlike the white wine sector which saw both performance and stock price decline, the previously overlooked Huangjiu stocks experienced a round of performance improvement. In the industry's view, although Huangjiu has not yet truly broken out of the "Su-Zhe-Hu" region, Huangjiu companies are striving to shake off the inherent labels of "exclusive for middle-aged and elderly" and "companion to hairy crabs", and are exploring a new path in terms of high-end and youthful transformation. Financial reports show that compared to the significant decline in performance of white wine stocks, the top Huangjiu companies still maintained growth. Jiushan achieved a revenue of 1.82 billion yuan in 2025, a year-on-year increase of 11.7%, with a net profit attributable to the parent company of 250 million yuan, a year-on-year increase of 24.7%. During the same period, Guyuelongshan achieved a revenue of 1.83 billion yuan, a year-on-year decrease of 5.5%, but the net profit attributable to the parent company was 220 million yuan, a year-on-year increase of 8.1%. In the first quarter of 2026, the performance growth rate of the two Huangjiu companies may have slowed down, but both revenue and net profit are still experiencing positive growth.