Recently, an announcement regarding Jin Hui Wine has attracted market attention. According to the announcement, from November 22, 2024, to May 19, 2025, the At Group has cumulatively increased its holdings of Jin Hui Wine by 8,325,136 shares through centralized Bidding on the Shanghai Stock Exchange, accounting for 1.64% of the company's total share capital. The total investment for this increase plan is approximately 156 million yuan, with an average cost of 19.2 yuan per share.

It is worth noting that the current stock price of Jin Hui Jiu is about 18.3 yuan, which means that even the company's major shareholders are facing short-term paper losses. However, this move may reflect the major shareholders' confidence in the company's future development.

From a more macro perspective, the baijiu industry, as an important part of China's traditional industries, has experienced considerable fluctuations in recent years. Jinhui Liquor, as a regional baijiu brand, faces both challenges and opportunities in market competition. The increase in holdings by major shareholders may be based on recognition of the company's long-term value and judgments about future development trends in the industry.

However, investors should still view this information with caution. The stock market is influenced by various factors, and short-term price fluctuations may not necessarily reflect the true value of the company. For Jin Hui Jiu, future performance, market strategies, industry policies, and other factors will be key influences on its stock price.

Overall, although the current stock price is below the price at which major shareholders increased their holdings, this does not imply a loss of company value. On the contrary, it may provide investors with an opportunity to reassess the company's value. Over time, the market is expected to more accurately reflect the company's intrinsic value, but this process may require patience and long-term observation.