The Huachuang Securities Research Report pointed out that recently, Jinshiyuan held the 2026 Jinshiyuan Development Conference with the theme of “Striving for Newness, Strengthening Quality” to review and summarize the “14th Five-Year Plan” development achievements and plan and deploy the “15th Five-Year Plan” key tasks. Looking ahead to the Spring Festival, the company requires a repayment schedule of 45%. It is expected that overall sales may decline due to a decline in the consumption structure and a decline in single product prices, but the number of bottles opened is expected to remain flat or drop slightly, mainly due to the penetration of the sinking market brought about by “intensive farming in the countryside” and the expansion of markets in central Jiangsu and outside the province. It is expected that Danya will contribute more growth during the Spring Festival. Secure progress on a scale of 10 billion dollars, and maintain a “strong push” rating. The company actively adjusted the pace of report release during the year to ease channel inventory and price pressure. Sales and share within the province were still superior to competitive products. At the development conference, the company's goals were steady and progressive, the layout remained positive, and efforts were made to maintain the province's advantages during the “15th Five-Year Plan” period. Based on the company's operations, the bank maintained an EPS forecast value of 2.17/2.24/2.48 yuan for 25-27 years. Considering that external demand pressure continues to be strong, the 26-year 20x-25xPE was given, the target price was adjusted to 45 yuan to 56 yuan, and the “strong push” rating was maintained.

The Huachuang Securities Research Report pointed out that recently, Jinshiyuan held the 2026 Jinshiyuan Development Conference with the theme of “Striving for Newness, Strengthening Quality” to review and summarize the “14th Five-Year Plan” development achievements and plan and deploy the “15th Five-Year Plan” key tasks. Looking ahead to the Spring Festival, the company requires a repayment schedule of 45%. It is expected that overall sales may decline due to a decline in the consumption structure and a decline in single product prices, but the number of bottles opened is expected to remain flat or drop slightly, mainly due to the penetration of the sinking market brought about by “intensive farming in the countryside” and the expansion of markets in central Jiangsu and outside the province. It is expected that Danya will contribute more growth during the Spring Festival. Secure progress on a scale of 10 billion dollars, and maintain a “strong push” rating. The company actively adjusted the pace of report release during the year to ease channel inventory and price pressure. Sales and share within the province were still superior to competitive products. At the development conference, the company's goals were steady and progressive, the layout remained positive, and efforts were made to maintain the province's advantages during the “15th Five-Year Plan” period. Based on the company's operations, the bank maintained an EPS forecast value of 2.17/2.24/2.48 yuan for 25-27 years. Considering that external demand pressure continues to be strong, the 26-year 20x-25xPE was given, the target price was adjusted to 45 yuan to 56 yuan, and the “strong push” rating was maintained.