Luzhou Laojiao stock gained 4.18 percent as profit fell

Luzhou Laojiao stock gained 4.18 percent to CNY 72.28 on the Shenzhen Stock Exchange on September 30, 2026, while the company faced a sharp first-half earnings contraction. Futunn reported that first-half 2026 revenue fell 36.35 percent to CNY 10.472 billion and net profit declined 43.37 percent to CNY 4.339 billion.

Profit pressure deepens in Q2

The second quarter was the sharper break in the interim report. Revenue dropped 65.54 percent year over year to CNY 2.447 billion, while net profit fell 79.45 percent to CNY 631.0 million, according to Futunn.

The pressure was concentrated in the higher-margin portfolio. Mid-range and high-end liquor revenue fell 38.86 percent to CNY 9.200 billion in the first half, while sales volume declined 42.53 percent to 13,900 metric tons; average selling price increased 6.38 percent to CNY 663,700 per metric ton, the same commentary said.

Analyst targets remain higher

The company-specific consensus still points above the September 30 price. Fintel reported on September 14, 2026, that 28 analysts had issued ratings, including 10 strong buy, 8 buy, 9 hold and 1 sell view.

The average target was reduced 10.24 percent from CNY 111.13 on August 25, 2026, to CNY 99.76. That average target lies 38.0 percent above the CNY 72.28 price on September 30, while the published target range ran from CNY 80.80 to CNY 161.70 and the median stood at CNY 93.23, according to Fintel.

Stock remains below yearly high

The market is pricing the earnings reset against a wide trading range. Luzhou Laojiao was last at CNY 72.28 on September 30, 2026, with a 52-week range of CNY 69.32 to CNY 145.88 and volume of 14,165,562 shares.

For investors, the key tension is visible in the numbers: the first-half average selling price for high-end and mid-range liquor rose 6.38 percent even as volume fell 42.53 percent. The company is therefore defending price while absorbing weaker shipments, a combination that leaves margin recovery dependent on inventory normalization and demand.

Shenzhen listing carries CNY 106.2 billion value

Luzhou Laojiao's market capitalization was CNY 106.2 billion as of September 30, 2026. The company is listed on the Shenzhen Stock Exchange under ticker 000568 and operates in the consumer defensive sector and beverages, wineries and distilleries industry, according to InvestPane.

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