图片来源：公司公告 8月29日晚，贵州茅台发布《控股股东增持股份计划公告》称，公司控股股东中国贵州茅台酒厂（集团）有 限责任公司（简称"茅台集团"）拟以不低于30亿元（含）且不高于33亿元（含）增持公司股票，进一步传递 发展信心。 | 增持主体名称 | 中国贵州茅台酒厂(集团)有限责任公司 | | --- | --- | | 拟增持股份目的 | 本次增持主要基于对公司长期价值的认可和未来发展 | | | 的信心,以进一步支持公司高质量可持续发展。 | | 拟增持股份种类 | 公司 A 股股份 | | 拟增持股份方式 | 通过上海证券交易所系统以集中竞价交易方式 | | 拟增持股份金额 | 不低于人民币30亿元(含)且不高于人民币33亿元(含) | | 拟增持股份数量 | 以实际发生为准 | | 拟增持股份比例 (占总股本) | 以实际发生为准 | | 拟增持股份价格 | 本次不设增持价格区间,茅台集团根据股票市场以及公 | | | 司股价等情况择机实施增持计划。 | | 本次增持计划实施期间 | 2025年9月1日〜2026年2月28日 | | 拟增持股份资金来源 | 自有资金和自筹资金 | | 拟增持主体承 ...

Group 1 - The Fourth China (Macau) International High-Quality Consumption Expo and Hengqin World Bay Area Forum will be held from September 3 to 7, showcasing a diverse array of global wine brands [1] - The event will feature a wide range of alcoholic beverages, including Chinese liquor brands like Moutai and Wuliangye, alongside international classics such as Hennessy and Penfolds, highlighting a cross-border tasting experience [1] - Despite structural adjustments in the global consumption market, the wine industry still shows significant growth potential, with a projected increase of $34 billion in the global core alcoholic beverage market by 2034 according to IWSR [1] Group 2 - The expo will serve as a key communication platform for top global wine brands, leveraging Macau's unique position as a cultural crossroads to explore new consumption scenarios and invigorate market dynamics [2]

Group 1 - The fourth China (Macau) International High-Quality Consumption Expo and the Hengqin World Bay Area Forum will take place from September 3 to 7, showcasing a diverse array of global wine brands [1] - The event will feature a wide range of alcoholic beverages, including Chinese liquor brands like Moutai and Wuliangye, alongside international classics such as Hennessy and Penfolds, highlighting a competitive atmosphere among renowned brands [1] - Despite structural adjustments in the global consumption market, the wine industry still shows considerable growth potential, with a projected increase of $34 billion in the global core alcoholic beverage market value by 2034 according to IWSR [1] Group 2 - The expo will provide immersive experiences through wine displays, tastings, and cultural explorations, allowing attendees to appreciate the rich heritage and innovative spirit of both Eastern and Western wine cultures [2] - Leveraging Macau's unique position as a cultural crossroads, the event aims to serve as a significant platform for top wine brands to explore new consumption scenarios and invigorate market dynamics [2]

即便白酒行业正经历整体承压、发展降速的深度调整，但其凭借高毛利、高现金流的独特优势，仍是中 国消费市场中最具韧性的行业之一。从财务逻辑看，茅台完全具备践行"股东价值最大化"的资本实力： 上市24年间，茅台市值增长超200倍，累计创造净利润达6000亿元，稳健的经营基本面为资本操作提供 坚实支撑。茅台能稳步推进各项资本计划，不仅印证自身经营实力，更折射出中国消费市场的长期潜 力，成为观察中国消费韧性的重要窗口。 笔者认为，在资本市场迫切寻求确定性的当下，茅台通过"组合拳"明确证明：优质企业的责任担当，既 是自身稳健发展的基石，更是资本市场健康发展的重要支撑。 （文章来源：每日经济新闻） 新一轮市值管理浪潮中，上市公司对投资者回报诉求的响应，正坚定走向"即时化、实质化、制度化"， 贵州茅台的最新动作便是最新例证。 8月29日，贵州茅台同日披露两大关键举措：仅用8个月，就以上限60亿元完成上市以来首笔注销式回 购；控股股东茅台集团同步启动30亿～33亿元增持计划，如期兑现4月许下的承诺。在宏观环境复杂多 变的当下，这两波"真金白银"的操作，为市场清晰传递出多重关键信号，更精准找到资本市场亟需的确 定性。 当前市场情 ...

【导读】茅台集团拟增持30亿元至33亿元贵州茅台股份 上一轮增持完成2年后，贵州茅台（600519）（证券代码：600519）控股股东茅台集团再度开启增持计 划。 贵州茅台8月29日晚间公告，茅台集团计划自本次增持公告发布之日起6个月内，通过集中竞价交易方式 增持公司股票，拟增持金额不低于人民币30亿元（含）且不高于人民币33亿元（含）。 截至8月29日，茅台集团持有贵州茅台6.79亿股股票，占公司总股本的54.07%。 2024年7月1日，贵州茅台党委副书记、代总经理王莉在北京主持召开投资者交流会，与部分机构投资者 代表、券商代表深入交流，听取投资者对贵州茅台市值管理工作的意见建议。在会上，王莉阐述了公司 市值管理的目标，即在A股市场成为行业标杆。她提到："分红是大股东和中小股东的一致诉求。但市 值管理应当不只是分红，还包括建立与投资者沟通的常态化机制等多个维度，我们都会努力做好。" 茅台集团表示，本次增持主要基于对贵州茅台长期价值的认可和未来发展的信心，以进一步支持公司高 质量可持续发展。 值得注意的是，这也是贵州茅台自2001年上市以来，首次实施股份回购，且回购金额达到顶格，向市场 传递出积极信号。 资 ...

【导读】茅台集团拟增持30亿元至33亿元贵州茅台股份 见习记者 夏天 上一轮增持完成2年后， 贵州茅台 （证券代码：600519）控股股东 茅台集团 再度开启增持计划。 贵州茅台8月29日晚间公告，茅台集团计划自本次增持公告发布之日起6个月内，通过集中竞价交易方式增持公司股票，拟增持金额不低于 人民币30亿元（含）且不高于人民币33亿元（含）。 截至8月29日，茅台集团持有 贵州茅台 6.79亿股股票，占公司总股本的54.07%。 茅台集团表示，本次增持主要基于对贵州茅台长期价值的认可和未来发展的信心，以进一步支持公司高质量可持续发展。 根据公告，茅台集团增持计划实施区间为2025年9月1日至2026年2月28日。增持计划实施时间和增持金额可能因公司股价波动存在一定不 确定性。茅台集团承诺，在增持计划实施期间及法定期限内不减持所持有的公司股份。 回溯此前公告，贵州茅台曾于2024年11月27日召开2024年第一次临时股东大会，审议通过了《关于以集中竞价交易方式回购公司股份的 方案》。公司拟使用自有资金30亿元至60亿元回购公司股份，用于注销并减少公司注册资本。 值得注意的是，这也是贵州茅台自2001年上市以来 ...

Core Viewpoint - Kweichow Moutai's recent actions demonstrate a strong commitment to long-term value, as the controlling shareholder plans to invest between 3 to 3.3 billion yuan to buy back shares without setting a price range, signaling confidence in the company's future [1][3] Group 1 - The company has completed its first-ever cancellation buyback since listing, spending 6 billion yuan to repurchase 3.92 million shares, which will be fully canceled, thereby reducing registered capital and increasing the value per share for shareholders [3] - Kweichow Moutai's revenue for the first half of the year reached 91 billion yuan, with a net profit of 45.4 billion yuan, reflecting a stable year-on-year growth of nearly 10%, indicating a solid performance foundation [3] - The recent actions are not merely responses to short-term stock price fluctuations but are intended to convey confidence through substantial financial commitments, reinforcing the company's long-term value proposition [3]

Core Insights - A-share listed companies achieved revenue and net profit growth in the first half of the year, with total revenue reaching 34.99 trillion yuan, a slight increase of 0.02% year-on-year, and net profit reaching 2.99 trillion yuan, up 2.45% year-on-year [1] Revenue and Profit Performance - Over 77% of listed companies reported profits, with nearly 54% showing positive net profit growth, including 661 companies with net profit growth exceeding 100% [2] - The consumer and technology sectors showed strong performance, with significant revenue and profit growth in industries such as agriculture, forestry, animal husbandry, and fishing, as well as computer and electronics [4] - The electronic industry led revenue growth with a 19.10% increase, followed by the computer industry at 11.40% [5] Major Companies - 56 A-share companies reported revenue exceeding 100 billion yuan, with 3 companies surpassing 1 trillion yuan in revenue. The top three companies by revenue were China Petroleum, China Sinopec, and China State Construction, each exceeding 1.4 trillion yuan [7] - BYD entered the top 10 revenue list with over 370 billion yuan in revenue, marking a 23.30% growth, making it the only automotive company in the top rankings [8] High Growth Companies - Seven companies achieved over tenfold revenue growth, with the top three being from the Sci-Tech Innovation Board, particularly in the pharmaceutical sector, with Zhixiang Jintai-U and Haichuang Pharmaceutical-U showing remarkable growth rates [10] - The fastest net profit growth was seen in Wancheng Group, with over 500 times growth, although its net profit was below 500 million yuan [14] Financial Sector Performance - Among the top 10 companies by net profit, seven were from the financial sector, with the four major banks each reporting over 110 billion yuan in net profit. However, three of the banks experienced negative net profit growth [12] Industry Challenges - The real estate and power equipment sectors faced significant challenges, with 1,246 A-share companies reporting losses, including 33 companies with losses exceeding 1 billion yuan. Vanke A reported the highest loss of over 11 billion yuan due to declining project settlements and increased asset impairment provisions [16]

（来源：中国宁波网） 转自：中国宁波网 时隔约两年半，贵州茅台再度发布大股东增持计划。 8月29日晚间，贵州茅台酒股份有限公司（贵州茅台，600519.SH）公告，公司控股股东茅台集团计划自本次增持公告发布之日起6个月内，通过集中竞价 交易方式增持公司股票，拟增持金额不低于30亿元（含）且不高于33亿元（含）。 证券代码:600519 证券简称:贵州茅台 贵州茅台酒股份有限公司 控股股东增持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: ● 增持主体的基本情况 增持主体中国贵州茅台酒厂(集团)有限责任公司(以下简称"茅台集团") 是贵州茅台酒股份有限公司(以下简称"公司")控股股东,截至2025年8月 29 日,茅台集团持有 679,211,576 股公司股票,占公司总股本的 54.07%。 ● 增持计划的主要内容 中国贵州茅台酒厂(集团)有限责任公司 增持主体名称 控股股东、实控人 ☑是 □否 控股股东、实控人的一致行动人 □是 □否 增持主体身份 直接持股 5%以上股东 口是 □否 ...

Group 1 - The State Council meeting on August 29 discussed the implementation of comprehensive reforms for market-oriented allocation of factors in certain regions [1] - The China Securities Regulatory Commission (CSRC) is focusing on enhancing the quality and investment value of listed companies, promoting long-term capital, and improving legal systems in key areas of the capital market [3][5] - The CSRC aims to deepen reforms and open up the capital market, enhancing its attractiveness and inclusiveness while advocating for long-term, value, and rational investment [3] Group 2 - As of August 29, 2025, 5,299 A-share companies disclosed their semi-annual reports, with 4,085 companies reporting positive net profits, accounting for 77.09% [6] - Industries such as agriculture, steel, computer, electronics, and non-ferrous metals showed strong net profit growth, with 643 companies experiencing over 100% year-on-year profit growth [6][7] - The total revenue of listed companies exceeded 1 trillion yuan for 49 companies, with the top ten companies generating revenues ranging from 370 billion to 1.45 trillion yuan [6] Group 3 - The financial sector reported the highest net profit at nearly 1.4 trillion yuan, while the information technology sector achieved a net profit growth rate of 25% [13] - Major banks like Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank reported net profits exceeding 100 billion yuan [15] - Vanke A reported a significant loss of 11.9 billion yuan, highlighting the challenges faced in the real estate sector [15] Group 4 - The A-share market recently surpassed a total market value of 100 trillion yuan, marking a historical milestone [17] - Analysts from various securities firms express optimism about the upcoming market trends, citing policy continuity and liquidity improvements [17][18] - Foreign investment banks, including Goldman Sachs and HSBC, have raised their target levels for the Chinese stock market, indicating a positive outlook for continued growth [18][19]