Luzhou Laojiao stock faces 57% third-quarter profit plunge

Published on 11/04/2026 at 01:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Luzhou Laojiao stock faces a steep earnings setback as third-quarter profit falls faster than revenue. The listed baijiu maker enters the final quarter under pressure.

Profit pressure deepens in third quarter

Revenue and attributable profit declined sharply in the July-to-September period.
Nine-month results show sustained weakness heading into the final quarter.
The figures apply to the listed operating company rather than the broader Luzhou Laojiao Group.

Luzhou Laojiao, CNE000000GF2, Illustration mit AI erstellt.

Luzhou Laojiao reported a sharp contraction in revenue and profit for the third quarter of 2026, extending weakness across the first nine months. The figures, released in a report dated Thursday, October 29, were covered by Vinetur.

Quarterly decline remains severe

Revenue for July through September fell 37.14 percent from a year earlier to CNY 4.195 billion. Net profit attributable to shareholders dropped 57.03 percent to CNY 1.332 billion, meaning earnings declined substantially faster than sales during the quarter.

For January through September, revenue fell 36.58 percent to CNY 14.668 billion from CNY 23.127 billion a year earlier. Attributable net profit decreased 47.31 percent to CNY 5.671 billion. The nine-month figures indicate that the pressure was not limited to a single quarter.

Listed company enters final quarter weaker

The report covers Luzhou Laojiao Co., Ltd., the listed operating company, rather than the wider Luzhou Laojiao Group. That distinction is relevant for investors because the group includes the state-owned parent based in Luzhou, Sichuan, while the reported results relate to the listed liquor producer.

The filing figures reproduced by Vinetur do not establish a single cause for the steeper profit decline. They nevertheless show a deteriorating earnings profile as the company moves into the final quarter of 2026, with profit compression exceeding the fall in revenue.

The real-time quote of Luzhou Laojiao stock remains the relevant reference for the listed share.

Business and competitive position

Luzhou Laojiao produces strong-aroma baijiu, a traditional Chinese distilled grain liquor, with brands including Guojiao 1573, 1952 and Tequ. The company is headquartered in Luzhou in Sichuan province and focuses on premium and mass-market liquor lines.

Its principal industry peers include Kweichow Moutai, Wuliangye and Shanxi Fenjiu. Luzhou Laojiao is a major Chinese baijiu producer, while its peers differ in brand portfolios, regional strengths and exposure to premium demand.