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Kweichow Moutai (600519) investor relations material
Kweichow Moutai Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Revenue for the first nine months reached ¥128.45 billion, up 6.36% year-over-year.
Net profit attributable to shareholders was ¥64.63 billion, a 6.25% increase year-over-year.
Q3 revenue was ¥39.06 billion, up 0.56% compared to the same quarter last year.
Q3 net profit attributable to shareholders was ¥19.22 billion, up 0.48% year-over-year.
Financial highlights
Basic and diluted EPS for the first nine months were ¥51.53, up 6.43% year-over-year.
Operating cash flow for the first nine months was ¥38.20 billion, down 14.01% year-over-year.
Gross margin and other detailed cost metrics not explicitly stated.
Total assets at Q3-end were ¥304.74 billion, up 1.94% from the previous year-end.
Shareholders’ equity reached ¥257.07 billion, up 10.28% from the previous year-end.
Outlook and guidance
No explicit forward-looking guidance provided, but continued focus on digital marketing and channel expansion noted.
Q3 revenue growth slowed significantly. Why?
Explain the -14% operating cash flow change
New domestic dealers are all for series wine. Why?
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Next Kweichow Moutai earnings date
Q4 20252 Apr, 2026
Next Kweichow Moutai earnings date
Q4 20252 Apr, 2026
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Frequently asked questions
Kweichow Moutai Co., Ltd. is a state-owned enterprise and one of China's most prestigious liquor producers, best known for its flagship product, Moutai baijiu. Founded in 1999 and headquartered in the town of Maotai in Guizhou Province, the company has deep roots that trace back to the Qing Dynasty. Moutai baijiu, often referred to as the "national liquor" of China, is renowned for its unique fermentation process, which involves multiple rounds of distillation and aging in clay pots.
Kweichow Moutai has grown to become one of the world's most valuable liquor brands, consistently ranking as a top performer in the global spirits market. The company's success is driven by its strong brand identity, high demand, and limited supply, making its products highly sought after both in China and internationally. Beyond its flagship baijiu, Kweichow Moutai has diversified its product portfolio and expanded into various international markets, cementing its status as a symbol of luxury and tradition.
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