泸州老窖:2025年半年度报告(英文版)

Luzhou Laojiao Co., Ltd.
2025 Interim Report
【August 2025】

Section I Important Statements, Contents and Definitions
The Board of Directors as well as directors and senior management guarantee that the information
presented in this report is free of any false records, misleading statements or material omissions, and
shall individually and together be legally liable for truthfulness, accuracy and completeness of its
contents.
Liu Miao, responsible person for the Company, Xie Hong, responsible person for accounting work and
Song Ying, responsible person for the Company’s financial affairs (Accounting Supervisor) have
warranted 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 business
objectives and future plans made in this report based on the subjective assumptions and judgments of
the future policies and economic conditions may be significantly different from the actual results. Such
statements shall not be considered as virtual promises of the Company to investors, and the investors
and relevant persons shall maintain adequate risk awareness and shall understand the differences
between plans, forecasts and commitments.
In this report, the potential risks in the operation of the Company have been disclosed. Investors are
kindly 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 or
misunderstandings between the two versions, the Chinese version shall prevail.

Contents

Section I Important Statements, Contents and Definitions......2
Section II Company Profile and Key Financial Results...... 6
Section III Management Discussion and Analysis......10
Section IV Environmental, Social and Governance Information......36
Section V Significant Events......42
Section VI Changes in Shares and Information about Shareholders......49
Section VII Information about Bond......57
Section VIII Financial Report......60
Section IX Other Reported Information...... 210
Documents Available for Reference
1. Financial statements signed and stamped by the responsible person for the Company, the
responsible person for accounting work and the responsible person for the Company’s financial affairs
(Accounting Supervisor); and
2. The originals of all company documents and announcements that are disclosed to the public during
the reporting period.

Definitions
Term Reference Definition
Company, the Company, Luzhou Refer to Luzhou Laojiao Co., Ltd.
Laojiao
Laojiao Group Refer to Luzhou Laojiao Group Co., Ltd.
XingLu Group Refer to Luzhou XingLu Investment Group Co., Ltd.
SASAC of Luzhou Refer to State-owned Assets Supervision and Administration
Commission of Luzhou
Huaxi Securities Refer to Huaxi Securities Co., Ltd.
Luzhou Bank Refer to Luzhou Bank Co., Ltd.
Sales Company Refer to Luzhou Laojiao Sales Co., Ltd.
Brewing Company Refer to Luzhou Laojiao Brewing Co., Ltd.
Golden Rudder Refer to Sichuan Golden Rudder Investment Co., Ltd.

Section II Company Profile and Key Financial Results
1. Corporate information
Stock abbreviation Luzhou Laojiao Stock code 000568
Stock exchange where
the shares of the Shenzhen Stock Exchange
Company are listed
Name of the Company 泸州老窖股份有限公司
in Chinese
Abbr. of the Company 泸州老窖
name in Chinese (if
any)
Name of the Company Luzhou Laojiao Co., Ltd.
in English (if any)
Abbr. of the Company
name in English (if LZLJ
any)
Legal representative Liu Miao
2. Contact us
Secretary of the board Representative for securities
affairs
Name Li Yong Wang Chuan
Address Luzhou Laojiao Command Center, Nanguang Road, Luzhou City,
Sichuan Province, China
Tel. （0830）2398826 （0830）2398826
Fax （0830）2398864 （0830）2398864
E-mail dsb@lzlj.com dsb@lzlj.com
3. Other Information
3.1. Contact Information of the Company
Whether any change occurred to the registered address, office address and their zip codes, website
address, email address and other contact information of the Company in the reporting period.
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