Wuliangye Yibin reports sharp Q3 revenue and profit declines

Wuliangye Yibin Co., Ltd. announced a substantial decrease in its Q3 2025 operating revenue, which fell by 52.66% to 8.17bn yuan. This decline was primarily attributed to deep adjustments in the Baijiu industry and slower-than-expected recovery in effective demand. For the first nine months of 2025, operating revenue also saw a 10.26% decrease, totaling 60.95bn yuan.

Net profit attributable to shareholders in Q3 2025 plummeted by 65.62% to 2.02bn yuan. Basic and diluted earnings per share similarly decreased by 65.63% to 0.520 yuan. The company cited decreased revenue and increased inputs to respond to market changes as key drivers for this profit decline.

Total assets as of September 30, 2025, were 181.07bn yuan, a 3.81% decrease from December 31, 2024. However, equity attributable to shareholders increased by 6.91% to 142.50bn yuan over the same period. The report confirmed that the financial statements were unaudited.