Wuliangye (000858.SZ) Hot List Analysis: Performance Pressure and Industry Adjustment Background

Wuliangye (000858.SZ), as a leading enterprise in China’s liquor industry [0], has recently entered the hot list and attracted market attention. The performance data for the third quarter of 2025 shows that the company’s revenue was 8.174 billion yuan, a year-on-year decrease of 52.66%; the net profit attributable to shareholders was 2.019 billion yuan, a year-on-year decrease of 65.62% [0]. This significant decline reflects the challenges faced by the liquor industry as a whole, such as the contraction of consumption scenarios and the entry into a volume competition mode [0]. Currently, the company’s stock price is about 121.20 yuan, with a market value of 467.28 billion yuan, which is still far from the historical high [0].

Despite performance pressure, Wuliangye still maintains market attention relying on its leading position in the industry and brand value [0]. Its beta coefficient is 0.83, which is less volatile than the market [0], showing certain defensiveness. In addition, the company maintains a high dividend policy: the 2024 dividend yield is 4.10% and the payout ratio is 70.01% [0], which is attractive to value investors.

In terms of risks, the trend of consumption scenario contraction in the liquor industry may continue to affect the company’s performance in the short term [0]; in terms of opportunities, the revenue is expected to be 10.28 billion yuan in the next quarter, indicating that the performance is expected to stabilize and recover [0]. Investors need to pay attention to industry recovery signals and the effectiveness of the company’s strategic adjustments.

As a leading enterprise in the liquor industry, Wuliangye faces performance pressure during the industry adjustment period, but its high dividend policy and industry position provide support. The market’s attention to its entry into the hot list reflects investors’ continued interest in the transformation and recovery potential of leading liquor companies.