Laobaigan wine: Net profit in 2025 was 430 million yuan, a year-on-year decrease of 45.40%.

Old Baigan Wine Announcement: In 2025, the operating income was 4.121 billion yuan, a year-on-year decrease of 23.07%; the net profit was 430 million yuan, a year-on-year decrease of 45.40%. The board of directors of the company has proposed a profit distribution plan for the year 2025, which is to distribute 2 yuan for every 10 shares to all shareholders, with a total cash dividend of 1.83 billion yuan.