Tianyoude Wine disclosed its earnings forecast, projecting attributable net profit for the first half of 2026 at between 8.23 million yuan and 12.35 million yuan, a year-on-year decline of 76% to 84%. The company expects operating revenue for the same period to fall by around 14% year-on-year, with recurring net profit estimated at between 6.69 million yuan and 10.03 million yuan, down 79.52% to 86.34% year-on-year. The company stated that the baijiu industry is in a period of deep adjustment, with intensifying competition for existing market share and a return to rational consumption, and overall it still faces significant pressure. In the first half of the year, the company fully advanced its consumer service efforts, empowering distributors and retail outlets, and maintained a certain level of investment intensity in sales expenses, which did not decline in step with operating revenue.
Qinghai Huzhu Barley Wine Co LtdCompany forecasts net profit to drop 76%-84% and revenue to fall 14% in first-half 2026.