Even Evergrande dares not play like this

Wuliangye falsified accounts and covered it for a year, now it can't hide anymore.
And they are also compensating A-share investors,
If you bought Wuliangye stock last year, Wuliangye now has to pay you.
I see trading groups discussing,
Wuliangye Hong Kong stocks changed the revenue of the financial report for the first three quarters of 2025,
from 60.9 billion to 30.6 billion.
Suddenly, 30.3 billion is missing.
Actually,
anyone who has traded baijiu stocks knows,
there was a rule in the baijiu industry.
Wuliangye does not sell directly to you, they sell to distributors nationwide.
So as long as distributors pay in advance,
the money arrives, even if the goods are still in the warehouse.
But Wuliangye will record this money as revenue.
Although logically, sales are only recognized when shipped.
But in the baijiu industry logic, once the money is paid, it counts as sold.
You also know,
because over the past twenty years, the economy has been rising,
when the market is good, distributors rush to pay,
goods will eventually be shipped, no one questions it.
But now, during the consumption downturn cycle,
baijiu sales are generally poor,
distributors' warehouses are full, they stop paying,
and even ask for refunds, this hole cannot be patched.
And previously, the chairman of Wuliangye was taken away,
the CSRC is watching,
accounts can no longer be recorded like this, the new leadership will have to correct it uniformly.
So if you bought Wuliangye stock last year,
you can now sue and claim compensation.
Such outrageous acts by Wuliangye,
are only the beginning of the downward cycle.