Kouzi Cellar: Net profit in the first half of the year was 715 million yuan, a year-on-year decrease of 24.63%.

Kouzi Winery disclosed its semi-annual report for 2025 on the evening of August 19th, with the company achieving a operating income of 2.531 billion yuan in the first half of the year, a year-on-year decrease of 20.07%; the net profit attributable to the parent company was 715 million yuan, a year-on-year decrease of 24.63%. The basic earnings per share were 1.20 yuan. During the reporting period, the white wine industry saw increased market differentiation and channel changes, with production continuing to shrink and sales growth slowing down. Especially with factors such as economic downturn and weak consumption affecting the industry, overall industry development is under pressure, with declining demand, sluggish sales, and high inventory levels becoming the norm.