China's liquor market is in a state of involution, dealers' survival is in jeopardy

[Epoch Times December 25, 2024] (Reported by Epoch Times reporter Liu Yi) China's liquor market is sluggish and sales are declining. Many liquor distributors are facing huge survival pressure, and many distributors are in trouble. According to the mainland financial media Harbor Business Observation, Huazhi Liquor Store, the first A-share liquor circulation stock, achieved operating income of 7.832 billion yuan (RMB, the same below) in the first three quarters of this year, a year-on-year decrease of 5.10%; net profit attributable to the parent was 168 million yuan, a year-on-year decrease of 27.36%; non-net profit was 149 million yuan, a year-on-year decrease of 15.24%; net cash flow from operating activities was -393 million yuan, compared with 389 million yuan in the same period last year; gross profit margin was 10.02%, A year-on-year decline of 0.98 percentage points. As of the end of the third quarter, Huazhi Liquor Store's total assets were 6.888 billion yuan, a ...