Sichuan Swellfun Responds to Earnings Decline: Weak Q3 Liquor Consumption and Active Inventory Control

Deep News2025-10-31

On October 31, regarding the third-quarter earnings decline and future outlook, a representative from Sichuan Swellfun Co.,Ltd. (600779.SH) stated, "From an industry perspective, liquor consumption was generally weak in Q3. Additionally, the company proactively reduced inventory and controlled shipments, leading to a significant drop in performance."

On October 30, Sichuan Swellfun released its Q3 2025 financial report, showing total revenue of 2.348 billion yuan for the first three quarters, down 38.01% year-on-year, and net profit attributable to shareholders of 326 million yuan, a 71.02% decline. In Q3 alone, revenue fell 58.91% to 850 million yuan, while net profit dropped 75.01% to 221 million yuan.

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