澳大利亚国库酒业公司（TREASURY WINE ESTATES LTD，股票代码：TWE.AU）今日盘中股价大跌6.01%，引发市场关注。
消息面上，该公司宣布将对美国资产进行非现金减值，原因是其美洲业务的长期增长假设更为保守。此次减值预计将完全注销美洲商誉（截至6月30日为6.874亿澳元），并可能影响其他资产。该公司此前已撤回2026年盈利指导并暂停股票回购，因旗舰产品奔富葡萄酒在中国销售疲软及美国分销面临挑战。
此次减值反映了美洲业务未来现金流每年减少11%的预期，长期盈利增长率也将受到负面影响。尽管旗下部分品牌表现良好，但整体业务前景的不确定性导致投资者信心受挫。
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