Gelonghui, December 25 | Huachuang Securities' Research Reports pointed out that Shanxi Xinghuacun Fen Wine Factory (600809.SH) is issuing its first interim dividend, enhancing shareholder returns and sending Bullish Signals to the market. Currently, the company's channels such as return payments/inventory/price indicators are all quite favorable, and it is already gearing up for the Chinese New Year peak season. Following an improvement in external demand, there is hope for a stable recovery and flexibility to be released. In the medium to long term, the company's brand advantage and differentiated quality still hold, and there is potential for further high-end and nationwide expansion. Based on the latest operating conditions, the profit forecast is maintained, with expected EPS for 2024-2026 being 10.24/11.66/12.95 yuan, maintaining the Target Price of 285 yuan and a 'Strong Buy' rating.