泸州老窖2025年半年度报告（英文版）

2025 Interim Report of Luzhou Laojiao Co., Ltd.1Luzhou Laojiao Co., Ltd.2025 Interim Report【August 2025】2025 Interim Report of Luzhou Laojiao Co., Ltd.2Section I Important Statements, Contents and DefinitionsThe Board of Directors as well as directors and senior management guarantee that the informationpresented in this report is free of any false records, misleading statements or material omissions, andshall individually and together be legally liable for truthfulness, accuracy and completeness of itscontents.Liu Miao, responsible person for the Company, Xie Hong, responsible person for accounting work andSong Ying, responsible person for the Company’s financial affairs (Accounting Supervisor) havewarranted that the financial statements in this report are true, accurate and complete.All the directors attended the board meeting to deliberate this report by themselves.Affected by risks, uncertainties and assumptions, the forward-looking statements concerning businessobjectives and future plans made in this report based on the subjective assumptions and judgments ofthe future policies and economic conditions may be significantly different from the actual results. Suchstatements shall not be considered as virtual promises of the Company to investors, and the investorsand relevant persons shall maintain adequate risk awareness and shall understand the differencesbetween plans, forecasts and commitments.In this report, the potential risks in the operation of the Company have been disclosed. Investors arekindly reminded to pay attention to possible investment risks.The Company has no interim dividend plan, either in the form of cash or stock.This report has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.2025 Interim Report of Luzhou Laojiao Co., Ltd.3ContentsSection I Important Statements, Contents and Definitions................................................. 2Section II Company Profile and Key Financial Results........................................................ 6Section III Management Discussion and Analysis...............................................................10Section IV Environmental, Social and Governance Information......................................36Section V Significant Events......................................................................................................42Section VI Changes in Shares and Information about Shareholders.............................49Section VII Information about Bond.........................................................................................57Section VIII Financial Report......................................................................................................60Section IX Other Reported Information................................................................................ 2102025 Interim Report of Luzhou Laojiao Co., Ltd.4Documents Available for Ref