Huachuang Securities' Research Reports indicate that Shanxi Xinghuacun Fen Wine Factory (600809.SH) has issued its first interim dividend, enhancing shareholder returns and sending bullish signals to the market. Currently, the company's indicators for payment collection, inventory, and pricing are relatively strong, and preparations are underway for the prosperous Spring Festival season. With the improvement of external demand, it is expected to stabilize and recover ahead of others, releasing flexibility. In the medium to long term, the company's brand advantage and unique fragrance differentiation still hold, and there remains room for high-end and national expansion. Based on the latest operational conditions, the profit forecast is maintained, with expected EPS for 2024-2026 being 10.24/11.66/12.95 yuan, maintaining a target price of 285 yuan and a 'strong buy' rating.