Kweichow Moutai Co Ltd Class A

600519: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lunar New Year China Baijiu Sales Remain Sluggish; Stay Selective on Premium Brands

Jennifer Song

Jan 14, 2025

Amid China's macroeconomic and consumption headwinds, our baijiu coverage trailed the broader market in 2024, falling 19% on average, compared with a 13% rise in the Shanghai Composite Index.

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Kweichow Moutai Co Ltd Class A

Lunar New Year China Baijiu Sales Remain Sluggish; Stay Selective on Premium Brands

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