2025‑11‑01 – Corporate and Market Developments for Kweichow Moutai Co., Ltd.

Corporate Action

On 1 November 2025 Duan Yongping, a prominent Chinese businessman and long‑time shareholder of Kweichow Moutai Co., Ltd., announced a donation of Moutai shares to Jiangxi Water and Power University.

  • Value of donation: 15 million CNY, equivalent to the current market value of the shares at the time of the announcement.
  • Purpose: The donation is described as a philanthropic gesture aimed at supporting the university’s academic programmes.
  • Commentary: Duan responded to media inquiries by stating that shareholders should focus on annual dividends rather than on share price movements. This remark highlights the company’s emphasis on dividend distribution as a key benefit for investors.

Share Price and Market Position

  • Closing price (2025‑10‑30): 1,430.01 CNY.
  • 52‑week high: 1,667.11 CNY (2024‑11‑07).
  • 52‑week low: 1,400 CNY (2025‑07‑01).
  • Market capitalization: 1,790 billion CNY.
  • Price‑earnings ratio: 19.96.
    Kweichow Moutai remains one of the most valuable consumer‑staple companies listed on the Shanghai Stock Exchange, with a strong track record of earnings growth and high investor demand.

Fund Holdings Trend

Recent quarterly reports from several actively managed mutual funds reveal a decline in the ranking of Kweichow Moutai among top holdings:

  • The company fell from the third‑largest position in the second quarter to the tenth‑largest in the third quarter for actively managed equity‑focused funds.
  • This shift is attributed to weaker performance of the liquor sector during the quarter, which led to a reduction in institutional ownership.

Industry Context

  • Domestic Liquor Market: The price of premium white‑wine products, including Moutai, experienced a modest decline during the early‑November “Double Eleven” promotional period, as reported by a regional price‑tracking study.
  • Investor Sentiment: Despite the temporary price pressure, Kweichow Moutai’s dividend policy and solid fundamentals continue to attract long‑term investors.

Summary

The donation of Moutai shares by Duan Yongping underscores the company’s ongoing commitment to corporate social responsibility while reinforcing the importance of dividends for shareholders. Market data shows that, although institutional weighting has adjusted, the company’s share price remains within a stable range and its valuation multiples support continued investment.