除限售期解除限售条件成就的核查意见 根据《公司法》《证券法》《深圳证券交易所股票上市规则》《上 市公司股权激励管理办法》《中央企业控股上市公司实施股权激励工 作指引》及《泸州老窖股份有限公司章程》等有关规定，公司董事会 薪酬与考核委员会对公司 2022 年度经营业绩、符合解除限售条件的 激励对象名单等资料进行了审核，并发表核查意见如下： 经核查，董事会薪酬与考核委员会认为：根据公司《2021 年限 制性股票激励计划（草案）》及《2021 年限制性股票激励计划业绩考 核办法》的相关规定，公司 2021 年限制性股票激励计划预留部分第 二个解除限售期解除限售条件已成就，公司 2022 年度经营业绩及 17 名激励对象 2022 年度个人业绩考核均满足解除限售条件，同意公司 为 17 名激励对象持有的符合解除限售条件的 27,800 股限制性股票办 理解除限售手续，并提交董事会审议。 泸州老窖股份有限公司 董事会薪酬与考核委员会 关于 2021 年限制性股票激励计划预留部分第二个解 泸州老窖股份有限公司 董事会薪酬与考核委员会 2026 年 2 月 5 日 ...

证券代码：000568 证券简称：泸州老窖 公告编号：2026-4 泸州老窖股份有限公司 第十一届董事会二十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 泸州老窖股份有限公司（以下简称"公司"）第十一届董事会二十 一次会议于2026年2月4日以通讯表决的方式召开。召开本次会议的通 知已于2026年1月30日以邮件方式发出，截止会议表决时间2026年2 月4日，共收回11名董事的有效表决票11张。本次董事会会议的召开 符合有关法律、行政法规、部门规章、规范性文件和公司《章程》的 规定。 二、董事会会议审议情况 1.审议通过了《关于2021年限制性股票激励计划预留部分第二个 解除限售期解除限售条件成就的议案》。 表决结果：11 票同意，0 票反对，0 票弃权。 根据公司《2021 年限制性股票激励计划（草案）》及《2021 年限 制性股票激励计划业绩考核办法》的相关规定，公司 2021 年限制性 股票激励计划预留部分第二个解除限售期解除限售条件已成就，同意 为符合解除限售条件的 17 名激励对象办理解除限售手续，可解除限 ...

泸州老窖公告称，公司第十一届董事会二十一次会议审议通过多项议案。2021年限制性股票激励计划预 留部分第二个解除限售期、第三个解除限售期解除限售条件已成就，将为符合条件的激励对象办理解除 限售手续，可解除限售的限制性股票分别为27,800股、1,962,814股，占总股本的0.0019%、0.1333%。此 外，因2025年中期利润分配方案已实施，调整限制性股票回购价格为72.533元/股；因部分激励对象不 再符合条件，回购注销其已获授但尚未解除限售的限制性股票40,500股，回购资金总额293.76万元。 ...

Core Viewpoint - The food and beverage sector is experiencing a strong upward trend, particularly in the liquor segment, driven by increased market demand during the Spring Festival sales season and positive expectations for leading brands like Moutai [1][3]. Group 1: Market Performance - The food and beverage ETF Huabao (515710) saw a price increase of 1.53%, with a peak intraday gain of 2.04% [1][2]. - Key stocks in the liquor sector, such as Dongpeng Beverage, Xin Dairy, and Jiugui Liquor, reported gains exceeding 4%, while Moutai, Shanxi Fenjiu, and Luzhou Laojiao rose over 3% [1][3]. Group 2: Market Drivers - The rise in liquor stocks is attributed to the expanded market demand during the Spring Festival and optimistic expectations regarding Moutai's sales performance and quota policies [1][3]. - The current market environment has led to a renewed focus on the "certainty premium" and safe-haven attributes of high-end liquor, contributing to a rotation effect within the sector [1]. Group 3: Valuation Insights - The food and beverage sector is currently at a historical low in terms of valuation, with the food index's price-to-earnings ratio at 20.37, placing it in the 8.61% percentile of the last decade [3]. - The low valuation and improving market sentiment provide a favorable entry point for long-term investments in the sector [3].

Core Viewpoint - Luzhou Laojiao's stock price has shown a significant increase in early February, with a year-to-date rise of 8.62% and a notable 11.81% increase over the past five trading days, despite a decline of 11.60% over the past 60 days [1] Group 1: Stock Performance - As of February 4, Luzhou Laojiao's stock price reached 124.76 CNY per share, with a trading volume of 5.51 billion CNY and a turnover rate of 0.30%, resulting in a total market capitalization of 183.639 billion CNY [1] - The stock has experienced a net inflow of 1.0697 million CNY from main funds, with significant buying and selling activities recorded [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 411 million CNY on January 29, accounting for 22.60% of total trading volume [1] Group 2: Financial Performance - For the period from January to September 2025, Luzhou Laojiao reported an operating income of 23.127 billion CNY, a year-on-year decrease of 4.84%, and a net profit attributable to shareholders of 10.762 billion CNY, down 7.17% year-on-year [2] - The company has cumulatively distributed dividends of 54.058 billion CNY since its A-share listing, with 24.925 billion CNY distributed over the past three years [3] Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders for Luzhou Laojiao was 161,200, a decrease of 22.54% from the previous period, with an average of 9,114 circulating shares per shareholder, an increase of 29.13% [2] - Major shareholders include the China Securities Index Co., Ltd. and Hong Kong Central Clearing Limited, with notable increases in their holdings compared to the previous period [3]

Group 1 - The core viewpoint of the article highlights the strong performance of liquor stocks, particularly Moutai, which saw its stock price rise nearly 2%, reaching 1500 yuan for the first time since September 15, 2025 [1] - Other liquor companies such as Huangtai Liquor, Guizhou Moutai, Luzhou Laojiao, and Shanxi Fenjiu also experienced significant stock price increases, with Huangtai Liquor hitting the daily limit [1]

Core Insights - The article highlights the structural upward trend in the retail prices of China's top ten liquor products, with a total price of 9,051 yuan for a bundled sale, marking an increase of 38 yuan from the previous day, reaching a new high in nearly a month [1][6][7] Price Trends - The market shows a general upward trend, with seven products increasing in price and three decreasing. Mid-range products have seen concentrated price increases, while high-end liquor has slightly adjusted from high levels [1][7] - Notable price increases include: - Yanghe Dream Blue M6+ up by 14 yuan per bottle - Qinghua Lang up by 13 yuan per bottle - Xijiu Junpin up by 7 yuan per bottle - Gujing Gonggu 20 and Qinghua Fen 20 up by 5 yuan and 4 yuan respectively - Wuliangye Pu 58 and Guojiao 1573 up by 2 yuan and 1 yuan respectively - Decreases were observed in: - Feitian Moutai down by 4 yuan per bottle - Boutique Moutai down by 3 yuan per bottle - Crystal Jian Nan Chun down by 1 yuan per bottle [1][7][10] Data Collection Methodology - The "Liquor Price Reference" collects data from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets, aiming to provide objective and traceable market price data [2][8] Brand Value Insights - According to the 2025 Hurun China Brand List released on February 3, Guizhou Moutai maintains its position as the top brand in China with a brand value of 795 billion yuan for the eighth consecutive year. The list has expanded from 300 to 500 brands, now including non-Chinese brands, reflecting a broader market landscape [2][8]

Core Insights - The article highlights the structural upward trend in the retail prices of China's top ten liquor products, with a total price of 9,051 yuan for a bundled sale, marking an increase of 38 yuan from the previous day, reaching a new high in nearly a month [1][6][7] Price Trends - The market shows a general upward trend, with seven products increasing in price and three decreasing. Mid-range products have seen concentrated price increases, while high-end liquor has slightly adjusted from high levels [1][7] - Notable price increases include: - Yanghe Dream Blue M6+ up by 14 yuan per bottle - Qinghua Lang up by 13 yuan per bottle - Xijiu Junpin up by 7 yuan per bottle - Gujing Gonggu 20 and Qinghua Fen 20 up by 5 yuan and 4 yuan respectively - Wuliangye Pu 58 and Guojiao 1573 up by 2 yuan and 1 yuan respectively [1][7][10] Price Decreases - The following products experienced price reductions: - Feitian Moutai down by 4 yuan per bottle - Boutique Moutai down by 3 yuan per bottle - Crystal Jian Nan Chun down by 1 yuan per bottle [1][7][10] Data Collection Methodology - The "Liquor Price Reference" collects data from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets, aiming to provide objective and traceable market price data [2][8] Brand Value Insights - According to the 2025 Hurun China Brand List released on February 3, Guizhou Moutai maintains its position as the top brand in China with a brand value of 795 billion yuan for the eighth consecutive year. The list has expanded from 300 to 500 brands, including non-Chinese brands, reflecting the evolving brand landscape in China [2][8]

岁末年初，白酒上市公司的分红大戏接连上演。2月3日，北京商报记者整理发现，截至目前，包括贵州 茅台、五粮液在内的四家头部白酒上市公司陆续实施2025年中期分红，分红派息总额超过420亿元。伴 随着分红方案相继披露，资本市场以一波涨停潮回应。尽管众多酒企通过分红释放利好信号，但终端市 场却仍面临着动销活力尚待激活的现状。如今，面对库存高企、动销乏力的市场环境，头部酒企已开始 多维度布局，寻找穿越行业周期的路径。 酒企"撒钱" 白酒巨头们在资本市场撒出真金白银。经粗略计算，截至目前，4家白酒企业2025年中期分红累计达到 425.36亿元，这次集中分红也被市场视为酒企"红包雨"。 2025年12月10日，贵州茅台发布公告称，公司将以总股本12.52亿股为基数，每股派发23.957元现金红利 （含税），共计派发300.01亿元（含税）；同日，五粮液发布公告称，公司将以公司现有总股本38.82亿 股为基数，向全体股东每10股派现金25.78元（含税），合计分配100.07亿元（含税），不送红股，不以 公积金转增股本；随后，2026年1月24日，泸州老窖发布2025年中期分红派息实施公告，计划以14.72亿 股总股本为 ...

2月1日，2026澳大利亚网球公开赛落下帷幕。在男单决赛中，世界第一、西班牙人阿尔卡拉斯鏖战四盘 战胜十冠王、塞尔维亚名将德约科维奇，生涯首次捧起澳网男单桂冠，同时成为史上最年轻的全满贯得 主。这一历史性时刻，全球瞩目。 而从球场边的醒目广告牌，到夺冠时"胜利！Congratulations，干杯！"的祝贺，"国窖1573"成为澳网高 光时刻的经典注脚。 作为泸州老窖（000568）旗下的高端白酒品牌，"国窖1573"以澳网全球官方合作伙伴和唯一指定白酒的 身份，与澳网这项百年网球赛事的合作已持续8年。 国际大赛，是品牌出海的重要平台。澳网覆盖全球超20亿观众，汇聚高净值群体，既实现了品牌广泛曝 光，又精准触达高端受众，更得以与劳力士这样的国际知名品牌同台亮相，可快速提升品牌国际认可度 与高端调性，摆脱单一地域标签。 笔者认为，要打破这一僵局，中国品牌需要实现三重角色转变。 首先，要从"流量收割者"转变为"文化叙事者"，摆脱单纯的流量依赖与浅层曝光。品牌需紧扣赛事所传 递的拼搏、优雅、精准、共赢等核心精神，结合自身的文化基因与品牌理念，创作专属的品牌内容，实 现赛事精神与品牌价值的同频共振。 其次，要从"资源 ...