On October 17, Gujing Gongjiu's stock price continued to fall, hitting the limit during the session. As of the closing, it was 230.45 yuan, a drop of 9.24%, with a total market value of 121.8 billion yuan.

On October 17, the stock price of Gujing Gongjiu continued to fall, hitting the limit during the session. As of the closing, it was 230.45 yuan, a drop of 9.24%, with a total market value of 121.8 billion yuan.

After-hours data showed that Shenzhen Stock Connect sold 107 million yuan and bought 54.56 million yuan, four institutions sold a total of 139 million yuan, and three institutions bought 168 million yuan.

Gujing Gongjiu's performance report for the first three quarters disclosed on the evening of October 14 showed that in the first three quarters, the company achieved total operating income of 12.765 billion yuan, and increased by 26.35% year-on-year; net profit attributable to shareholders of listed companies was 2.623 billion yuan, a year-on-year increase of 33.2%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2.578 billion yuan, an increase of 35.57% over the same period last year.

In the third quarter of this year, Gujing Gongjiu's total operating income was 3.763 billion yuan, a year-on-year increase of 21.58%; net profit attributable to shareholders of listed companies was 704 million yuan, a year-on-year increase of 19.27%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 689 million yuan, a year-on-year increase of 22.32%.

Tianfeng Securities said that the overall sales of liquor in the peak season still showed a weak recovery, but the fundamentals of sector are improving overall. Demand has improved month-on-month, and the current valuation is reasonably low. In the future, with the economic recovery and further recovery of demand, valuation recovery may be ushered in. The demand for high-end liquor is strongly resilient, and sales are expected to rise steadily, and promote the annual growth rate of wine companies. The valuation is cost-effective after the recent adjustment. The current valuation of the sub-high-end sector is reasonable. In the short term, the supplementation of will improve month-on-month in banquets and other scenarios. There is room for long-term national development, and it is expected to usher in a rebound in valuation.