Kweichow Moutai (600519) Q3 2025 earnings summary

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.