Zhenjiu Lidu (06979) fell more than 5% after issuing a profit warning. As of the time of writing, the stock was down 4.49%, trading at HK$8.73, with a turnover of HK$76.0369 million. The company announced a profit alert, forecasting attributable profit for the 2025 fiscal year to be between RMB 520 million and RMB 580 million, a decrease of 56.1% to 60.6% year-on-year. It also expects revenue to be in the range of RMB 3.55 billion to RMB 3.7 billion, representing a decline of 47.7% to 49.8% compared to the previous year. The primary reason cited is weakened market demand leading to a reduction in baijiu consumption, particularly in business and social banquets, as well as gifting occasions.