Luzhou Lao Jiao reports Q3 performance, board actions and share incentive updates

Luzhou Lao Jiao Co., Ltd. reported a third-quarter 2025 operating income of RMB 6,673,726,997.48, a decrease of 9.80% year-on-year, and a net profit attributable to shareholders of RMB 3,099,486,836.34, down 13.07% from the previous year. For the first three quarters, operating income reached RMB 23,127,459,902.13, a 4.84% decline, with net profit attributable to shareholders at RMB 10,762,394,649.32, down 7.17%.

The company’s board of directors held its sixteenth meeting on October 30, 2025, approving the third-quarter report. Additionally, the board approved a related party transaction to provide fire rescue services for a smart warehousing and logistics base, with an estimated transaction amount not exceeding RMB 2,381,000.00 for a one-year service period. This transaction ensures the efficient use of firefighting resources and maintains safety in production areas.

Share incentive plan updates include the first and second unlocking of restricted shares from the 2021 incentive plan, which became tradable on February 17 and February 24, 2025, respectively. The board also approved the repurchase and cancellation of some restricted shares, with details disclosed on September 26, 2025.