*According to ST Spring's announcement, net profit attributable to shareholders of listed companies for the first half year of 2026 is estimated to be -32,28 million yuan to -375.22 million yuan, net profit after deducting non-recurring profit and loss is -34.55 million yuan to -397.90 million yuan, and net profit for the same period last year is 1,317 million yuan. The loss in performance was mainly due to poor overall business conditions in the industry, shrinking consumer markets, and falling demand. The second quarter was a low season for the industry. The liquor industry is still in a period of deep adjustment. Sales are under pressure, and performance falls short of expectations.

*According to ST Spring's announcement, net profit attributable to shareholders of listed companies for the first half year of 2026 is estimated to be -32,28 million yuan to -375.22 million yuan, net profit after deducting non-recurring profit and loss is -34.55 million yuan to -397.90 million yuan, and net profit for the same period last year is 1,317 million yuan. The loss in performance was mainly due to poor overall business conditions in the industry, shrinking consumer markets, and falling demand. The second quarter was a low season for the industry. The liquor industry was still in a period of deep adjustment, sales were under pressure, and performance fell short of expectations.