Shuijingfang forecasts a first-half loss, with proactive supply controls dragging down revenue by over RMB 300 million.

Shuijingfang's channel inventory reduction progress is now beginning to be prominently reflected in its income statement. On the evening of July 14, Shuijingfang released its 2026 interim earnings forecast. The company...

wallstreetcn18:56

Research Report Insights | Guohai Securities: Initiates Shuijingfang with a 'Buy' rating, highlighting greater upside potential as demand recovers

Gelonghui, July 7 — A research report by Guohai Securities notes that Quanle (Shuijingfang) is proactively adjusting its strategy with a renewed focus on core operations. The company has prioritized channel health as its primary objective, actively managing supply, optimizing inventory, cracking down on unauthorized cross-regional sales, standardizing market practices, and restoring distributor confidence amid the industry’s adjustment cycle. Gan Xiaofeng, the newly appointed general manager with a strong marketing and distribution background, has emphasized an unwavering commitment to operational excellence since taking office, with tangible results expected from refined terminal operations and enhanced channel profitability. Shuijingfang’s flagship brand solidifies its position in the upper-mid-tier segment, while its premium offering, Di Yi Fang, targets high-end business and cultural consumption scenarios, enabling clear price-tier segmentation and upward brand value positioning. The report further sugges

Gelonghui FinanceJul 7 14:18 · Ratings

Company Note on Sichuan Shuijingfang Co., Ltd. (SHA: 600779): Proactive Adjustment and Focus on Core Operations

Event: On June 30, 2026, Sichuan Shuijingfang Co., Ltd. held its 2025 Annual General Meeting of Shareholders, during which company management provided explanations on topics including channel structure optimization and improvement in terminal sales velocity. Our commentary is as follows: Investment Highlights: Focusing on sales velocity as

Guohai SecuritiesJul 6 00:00

Shuijingfang Responds to Inquiry Letter, Revealing Costs of Adjustment: Multiple Core Distributors Terminated Partnerships Last Year; Rebate Ratio Increased to 35% | Quick Read Announcement

① Last year, the company experienced a sharp decline in both revenue and net profit, driven by a significant drop in income from its premium flagship products, compounded by RMB 44 million in severance payments related to workforce reductions, which increased administrative expenses; ② Last year, multiple core distributors of Shuijingfang terminated their contracts, prompting the company to raise channel rebates to 35% to support its distribution network; ③ In the first half of this year, Shuijingfang completed a change in general manager, and the new general manager will focus on enhancing operational quality and long-term competitiveness going forward.

cls.cnJul 1 23:33

Express News | Shuijingfang: Will continue to rectify market order and optimize product release timing.

BreakingsJul 1 17:44

Shuijingfang (600779): New General Manager Appointed; Performance Improvement Expected

The newly appointed General Manager has assumed office, and his marketing background strengthens expectations for operational improvement. The company announced that Mr. Gan Xiaofeng will be appointed as General Manager effective June 1, 2026. Mr. Zhou Zhiming will cease to act in the capacity of General Manager, and Mr. Gan Xiaofeng has also been nominated as a candidate for non-executive Director.

Oriental SecuritiesJun 29 14:22