Anhui Gujing Distillery Co Ltd Class A

000596: XSHE (CHN)
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Anhui Baijiu Earnings: Sales Back to Growth, an Early Sign of Demand Stabilization

Third-quarter results improved across our Anhui baijiu coverage. Yingjia's sales and net profit rose 4% and 8% year on year, respectively. Gujing's revenue also returned to growth, up 4%, though net profit fell 71% on margin pressure.

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