Wuliangye announces interim cash dividend despite revenue and profit decline

Wuliangye Yibin Co., Ltd. has announced a preliminary profit distribution plan for the 2025 interim period, proposing a cash dividend of CNY 25.78 (tax included) per 10 shares to all shareholders. This decision was approved by the board of directors following authorization from the 2024 annual general meeting. The total cash dividend is estimated to be CNY 10.01bn (tax included), based on the company's total share capital of 3,881,608,005 shares as of September 30, 2025.

The interim dividend plan is deemed reasonable, considering the company's operating performance, cash flow, sustainable development, and shareholder returns, aligning with regulatory guidelines and the company's 2024-2026 shareholder return plan. The company maintains its commitment to keeping the total dividend unchanged if the total share capital fluctuates before the equity distribution record date, with per-share distribution adjusted accordingly.

As of September 30, 2025, Wuliangye reported unaudited net profit attributable to shareholders of CNY 21.51bn for the first three quarters of 2025, a decrease of 13.72% compared to the same period last year. Operating revenue also declined by 10.26% year-to-date, reaching CNY 60.95bn. The decline in revenue and net profit is attributed to the white liquor industry's deep adjustment period and slower-than-expected recovery in effective demand.