ZJLD (06979) issued a profit warning with an expected profit attributable to shareholders of approximately 520 million to 580 million yuan in 2025, a year-on-year decrease of 56.1% to 60.6%.

ZJLD (06979) announced that the Group expects to achieve revenue of approximately RMB 3.55 billion to RMB 3.7 billion for the year ending December 31, 2025, compared to revenue of approximately RMB 7.07 billion for the year ending December 31, 2024, representing a year-on-year decrease of 47.7% to 49.8%. The Group expects to achieve a profit attributable to equity shareholders of the Company of approximately RMB 520 million to RMB 580 million for the year ending December 31, 2025, compared to RMB 1.32 billion for the year ending December 31, 2024, representing a year-on-year decrease of 56.1% to 60.6%; and an adjusted net profit (non-International Financial Reporting Standards measurement) of approximately RMB 520 million to RMB 580 million for the year ending December 31, 2025, compared to approximately RMB 1.68 billion for the year ending December 31, 2024, representing a year-on-year decrease of 65.5% to 69.0%. The decrease is primarily due to weakening market demand leading to a decrease in liquor consumption, especially in business and social banquets, as well as a decline in consumption for gifting purposes. This decrease is also partly due to the Company's measures to further reduce channel inventory in the second half of 2025.