Kweichow Moutai Co Ltd Class A

600519: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kweichow Moutai Earnings: First Profit Decline Since Listing, but Sales Reform Sets Up 2026 Recovery

Jennifer Song

Apr 17, 2026

Kweichow Moutai posted its first earnings decline since listing in 2001, with revenue and net profit down 1.2% and 4.5% year on year, respectively, in 2025. Despite this, the firm raised its full-year dividend per share by 0.9% to CNY 51.95, representing a 79% payout ratio.

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Kweichow Moutai Co Ltd Class A

Kweichow Moutai Earnings: First Profit Decline Since Listing, but Sales Reform Sets Up 2026 Recovery

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