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Kweichow Moutai
Kweichow Moutai (600519) investor relations material
Kweichow Moutai Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary25 Apr, 2026
Executive summary
Revenue for Q1 2026 reached RMB 53.91 billion, up 6.54% year-over-year, with net profit attributable to shareholders at RMB 27.24 billion, a 1.47% increase year-over-year.
Operating cash flow surged 205.48% year-over-year to RMB 26.91 billion.
Total assets grew 5.29% from year-end 2025 to RMB 319.92 billion.
Financial highlights
Gross profit margin remained robust, with operating profit at RMB 37.54 billion, up 1.38% year-over-year.
Basic and diluted EPS both increased to RMB 21.76, up 1.78% year-over-year.
Weighted average ROE was 10.57%, down 0.35 percentage points from year-end 2025.
Cash and cash equivalents at quarter-end stood at RMB 169.97 billion.
Outlook and guidance
The company continues to focus on digital marketing, with significant sales through the “i茅台” platform.
Ongoing share repurchase program aims to enhance shareholder value.
Drivers of the 205% operating cash flow increase
Revenue contribution of the i Maotai platform
Progress of the 2025 share buyback scheme
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Latest events from Kweichow Moutai
- Net profit and revenue declined, but margins, dividends, and brand value remained strong.600519
Q4 202517 Apr 2026 - Net profit rose 15.4% to RMB 86.2B, with high margins and strong cash returns.600519Q4 202423 Dec 2025
- Revenue and net profit rose over 6% year-over-year, with digital sales showing strong growth.600519Q3 202530 Oct 2025
- Revenue and net profit rose nearly 9% year-over-year, with robust liquor sales and ongoing innovation.600519Q2 202513 Aug 2025
- Revenue and net income surged double digits year-over-year, but cash flow declined.600519Q3 202413 Jun 2025
- Revenue and net profit surged double digits in H1 2024, with strong brand and cash flow.600519Q2 202413 Jun 2025
- Revenue and net profit grew over 10% year-over-year, led by strong core liquor sales.600519Q1 20256 Jun 2025
Next Kweichow Moutai earnings date
Q2 202613 Aug, 2026
Kweichow Moutai
Next Kweichow Moutai earnings date
Q2 202613 Aug, 2026
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