Changes in Hong Kong stocks | Zhenjiu Li Du (06979) rose more than 5% at the end of the session. The company's recent performance increase guides Maotai's price increase or push for liquor revaluation

The Zhitong Finance App learned that Zhenjiu Li Du (06979) rose more than 5% at the end of the session. As of press release, it had risen 4.92% to HK$8.1, with a turnover of HK$266.732 million.

According to the news, in June of this year, Zhenjiu Li Du held the 2025 Annual General Meeting of Shareholders and announced an official increase in the 2026 performance guidelines: the annual revenue growth rate was raised from 10% to 15%, and adjusted net profit was raised from 600 million yuan to 800 million yuan. Great Wall Securities released a research report stating that the performance guidelines have been revised to verify the commercial viability of the “Wanshang Alliance+Dazhen” portfolio.

Notably, on July 17, Maotai announced a price increase for the second time in the year. Dongxing Securities pointed out that for other wine companies, the current price increase in Maotai means an increase in the industry ceiling, which is more conducive to relieving the downward pressure on wine companies' overall prices. Although the intention of this price increase is not from the perspective of demand recovery, it also reflects the resilience of demand from the side, which can help ease capital concerns about weak demand in the food and beverage industry, or push for a revaluation of the food and beverage industry.