Huazhi Liquor's third-quarter performance decline intensifies. Company insiders: mainly due to the poor market.

Jinshi data news on October 28, October 28, Huazhi Wine released the third quarter report for 2024. The company achieved operating income of 7.832 billion yuan in the first three quarters, a decrease of 5.1% year-on-year; the net profit attributable to the shareholders of the listed company was 168 million yuan, a decrease of 27.36% year-on-year. Reporters noticed that in the traditional sales peak season of the liquor industry, Huazhi Wine's performance in the third quarter showed a worsening decline. Regarding the decline in performance in the third quarter of this year, relevant personnel of Huazhi Wine told reporters: "Mainly because the market is not very good." In the first three quarters of this year, the net cash flow generated from operating activities of the company was -393 million yuan, a decrease of 200.96% year-on-year. The company stated that this was mainly due to the increase in cash paid to purchase goods. And the contract liability index, as the company's performance "reservoir," also showed a significant decline. As of the end of the third quarter, the company's contract liability was 139 million yuan, a decrease of 66.4% year-on-year. The company stated that this was mainly due to the decrease in payments from pre-sale customers.