Laobaigan Liquor released its 2026 interim report. Operating revenue for the first half was 2.10 billion yuan, down 15.2 percent year on year. Net profit attributable to the parent company was 262 million yuan, down 18.5 percent. Second-quarter revenue was 883 million yuan, down 32.8 percent, while net profit attributable to the parent company was 96.14 million yuan, down 42.9 percent. The company said that amid a deep adjustment in the baijiu industry and increasingly fragmented consumption scenarios, performance declined. It is optimizing its product structure, strengthening the competitiveness of its leading products, and accelerating online channel expansion by setting up an e-commerce subsidiary and exploring new instant retail formats.
Hebei Hengshui Laobaigan Liquor Co LtdRevenue and net profit declined significantly in H1 and Q2.
