Wuliangye Yibin Co., Ltd. released its 2025 annual report and 2026 first-quarter report, showing a significant performance turnaround. The company reported a net profit of 8.954 billion yuan for 2025. For the first quarter of 2026, net profit reached 8.063 billion yuan, representing a year-on-year increase of 82.57%.

Alongside the financial reports, the company also issued three revised reports for the first, second, and third quarters of 2025. Prior to the updates, Wuliangye's revenue for the first three quarters of last year was 60.9 billion yuan, with a net profit of 21.5 billion yuan. After the revisions, revenue was adjusted to 40.5 billion yuan, a decrease of 20.4 billion yuan compared to the pre-revision figure for the first three quarters. Net profit was revised to 8.95 billion yuan, down 12.6 billion yuan from the previously reported 21.5 billion yuan.

Specifically, one of the revised reports showed a drastic cut in historical revenue and net profit attributable to shareholders for the first quarter of 2025. Revenue was adjusted from 36.94 billion yuan to 17.09 billion yuan, while net profit attributable to shareholders was revised down from 14.86 billion yuan to 4.416 billion yuan. Against this lower base, Wuliangye's net profit of 8.063 billion yuan for the first quarter of 2026 appeared as a significant year-on-year increase of 82.57%.