Shares of ZJLD (06979) slipped more than 4% during the afternoon session, trading at HK$7.885 as of the latest update, representing a decline of 4.42% with transaction turnover reaching HK$14.24 million.

The company is scheduled to hold a board meeting on August 19 to review and approve its interim financial results, according to market updates.

Notably, ZJLD previously adjusted its full-year 2026 revenue growth target upward from 10% to 15% during its shareholders' meeting, while also raising its net profit target from RMB 600 million to RMB 800 million.

Analysts at Orient Securities pointed out that the baijiu sector remains in a phase of weakening demand during July and August, with industry-level sales estimated to have declined by 10-15% year-on-year since the beginning of July.

Guosen Securities noted that demand is entering the traditional off-season, with slower industry-wide sell-through. While business banquets and admission celebration events have shown some recovery compared to last year, they still lag behind the same period in 2024. The brokerage added that divergence in reported financials across the baijiu sector is expected to intensify in the second quarter of 2026, with inventory destocking and pressure release remaining the primary themes.