Shede Spirits issued a preliminary earnings decline announcement for the first half of 2026, forecasting net profit of 135 million to 175 million yuan, a year-on-year decrease of 60.52% to 69.55%. Net profit after deducting non-recurring items is expected to be 123 million to 163 million yuan. In the first half of this year, the baijiu industry as a whole remained in a period of deep adjustment, with weak consumption momentum and sustained sales pressure. The company adhered to the core principles of stabilizing prices, controlling inventory, and strengthening sales, moderately controlling shipments, actively supporting distributors in digesting inventory, stabilizing market prices, and maintaining healthy operations in the market and among distributors.
Sichuan Tuopai Shede Wine Co LtdCompany forecasts first-half net profit down over 60% year-on-year due to weak consumption and sales pressure.