Jiugui liquor released the third quarter report for 2024, achieving revenue of 1.191 billion yuan in the first three quarters, a year-on-year decrease of 44.41%; net income attributable to shareholders of the listed company was 56.4876 million yuan, a year-on-year decrease of 88.20%; basic earnings per share was 0.1738 yuan. The net loss in the third quarter was 64.532 million yuan. The company stated that the performance decline was mainly due to a significant decrease in demand in the baijiu industry, weak willingness of dealers to pay back, intensified industry competition, and continued increase in promotional investment by the company.