Golden Seed Spirits disclosed its earnings forecast, expecting a net loss attributable to shareholders of 60 million to 72 million yuan for the first half of 2026, compared with a loss of 72.1968 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 64 million to 76 million yuan, compared with a loss of 77.5245 million yuan a year earlier. The company stated that the baijiu industry remains in a deep adjustment period, with weak end-consumer demand, intensified channel competition, and pressure on product sales. The company continues to promote channel destocking and price order standardization, which has led to revenue falling short of expectations. The company is also advancing the optimization of product, channel, and expense structures, focusing on building its Fuyang base, but the revenue shortfall has resulted in operating losses.
Anhui Golden Seed Winery Co LtdCompany expects first-half 2026 loss due to weak end-consumer demand and intensified channel competition in baijiu industry.