贵州茅台公告，截至2026年1月底，公司已累计回购股份41.69万股，占公司总股本的比例为0.0333%， 购买的最高价为1418.37元 / 股 、 最低价为1322.6元/ 股，已支付的总金额为5.71亿元（不含交易费 用）。 ...

Core Viewpoint - Guizhou Moutai announced a share buyback program, indicating a commitment to returning value to shareholders through repurchases of its own stock [1] Group 1: Share Buyback Details - As of January 2026, the company has repurchased a total of 329,800 shares, which represents 0.0263% of the total share capital, with a total expenditure of 451 million yuan [1] - By the end of January 2026, the cumulative shares repurchased reached 416,900, accounting for 0.0333% of the total share capital, with a total payment of 571 million yuan [1]

格隆汇2月3日丨贵州茅台(600519.SH)公布，截至2026年1月底，公司已累计回购股份416,853股，占公司 总股本的比例为0.0333%，购买的最高价为1,418.37元/股、最低价为1,322.60元/股，已支付的总金额为 5.71亿元（不含交易费用）。 ...

2月3日，贵州茅台大宗交易成交1800股，成交额231.48万元，占当日总成交额的0.02%，成交价1286 元，较市场收盘价1474.92元折价12.81%。 | APA 212"s within children il box 11, 2017 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | 奥出营业部 | 是否为专场 | | 026-02-03 | 贵州茅台 | 600519 | 1286 231.48 0.18 | 最高的角色公路 | 最高的最 | Ka | ...

近日，小茅i茅台发布近一个月的交易数据。当中披露，近一个月，i茅台迎来了628万位新朋友，月活用户超1531万， 随着飞天53%vol 500ml贵州茅台酒及其往年酒、53%vol 500ml贵州茅台酒（丙午马年）、53%vol 500ml贵州茅台酒 （鼓乐飞天）、53%vol 500ml陈年贵州茅台酒（15）等产品陆续上架，超过145万位朋友购买到了自己心仪的产品，成 交订单超212万笔，其中飞天53%vol 500ml贵州茅台酒的成交订单超143万笔。 自营门店也在努力提升服务质量与效率，已有超10.63万名用户在门店完成交付。 （企业官方公众号） 此外，i茅台新增南京、北京发货仓，努力缩短配送时间，以飞天53%vol 500ml贵州茅台酒为例，下单后5天内完成签 收的用户占比75%，4天内完成签收的用户占比60%。 ...

（wind） 2月3日，A股酿酒板块部分股票表现活跃。其中，皇台酒业连续四个交易日涨停，今日收盘股价报19.27元/股。贵州茅 台今日成交额约126.3亿元，股价收盘时报1474.92元/股，涨幅约3.36%。 ...

Market Overview - The liquor sector experienced a rise of 2.01% on February 3, with Huangtai Liquor leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Liquor Sector Performance - Key stocks in the liquor sector showed varied performance, with Yanzongyan leading with a closing price of 19.27, up 9.99% and a trading volume of 455,900 shares, amounting to 857 million yuan [1] - Other notable performers included Jinhui Liquor at 24.86, up 3.67%, and Guizhou Moutai at 1474.92, up 3.36%, with a significant trading volume of 86,300 shares, totaling 12.628 billion yuan [1] Capital Flow Analysis - The liquor sector saw a net inflow of 463 million yuan from main funds, while retail investors contributed a net inflow of 468 million yuan [2] - However, speculative funds experienced a net outflow of 931 million yuan [2] Individual Stock Capital Flow - Guizhou Moutai had a main fund net inflow of 1.212 billion yuan, but speculative funds saw a net outflow of 1.211 billion yuan [3] - Huangtai Liquor reported a main fund net inflow of 42.6 million yuan, while retail investors contributed a net inflow of 35.36 million yuan [3] - Other stocks like Tianyoude Liquor and Shanxi Fenjiu also showed mixed capital flows, with Tianyoude Liquor having a main fund net inflow of 12.18 million yuan [3]

段永平进一步解释："1%太少了，至少要和通胀持平的。每年温和涨价比每几年涨一次要好很多。茅台 过去大概是每隔几年涨一次价，我觉得那样似乎会更费劲一些。涨多少合适是要去摸索的，也许每年涨 3%-5%可能更合适？无论如何，涨多少都应该跟通胀匹配，多了少了可能都不合适。" 段永平还表示，1吨就是2000瓶，100吨就是20万瓶。我猜茅台一天大概是25万瓶左右吧。这个年过完很 多人大概率还是会继续抢的，因为明年还要喝哈。早点抢到还可以多存点时间，酒到时还更好喝。i茅 台开卖53度飞天确实解决了茅台最大的心腹之患。 新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 2月3日消息，知名投资人段永平在社交媒体上表示，'据介绍，仅一个月，i茅台平台系统已成功拦截各 类异常行为5.4亿次'，这个其实就是有人在用软件抢单，这会让普通老百姓很难抢到。技术上也许是有 办法的，比如同一个人（iP）一个月内不能买两次。另外，要是一直抢的话（目前这个价位我估计会一 年抢到头），茅台也许应该考虑每年温和涨价，比如每年涨个5%-8%？茅台是有涨价能力的，以前这种 能力被价差和假货给侵蚀掉了。 对此，有网友表示："每年涨5%，那么开瓶率 ...

Core Viewpoint - Guizhou Moutai's stock price surged by 3.36% to 1474.92 CNY per share, with a market capitalization of 1.85 trillion CNY as of February 3 [1][2]. Group 1: Stock Performance - As of February 3, Guizhou Moutai's stock closed at 1474.92 CNY, reflecting a 3.36% increase [1][2]. - The stock's market capitalization reached 1.85 trillion CNY [1][2]. Group 2: iMoutai Platform Activity - Since January, the iMoutai platform has seen over 15.31 million monthly active users, with 6.28 million new registrations and over 2.12 million orders placed [3][4]. - The official guide price for the 2026 Flying Moutai is set at 1499 CNY per bottle [3]. Group 3: Market Dynamics and Pricing - Moutai is transitioning from B2B to B2C, launching multiple products on the iMoutai app, which have been selling out rapidly [4]. - The wholesale price for the 2026 Flying Moutai has increased to 1625 CNY per bottle, up by 35 CNY from the previous day [4][5]. - The 2025 Flying Moutai's wholesale price rose to 1640 CNY per bottle, an increase of 20 CNY from the previous day [4][5].

Core Viewpoint - The ongoing reforms at iMoutai are gradually demonstrating their effectiveness, with online consumer engagement strengthening and offline demand for regular Moutai returning to rational consumption levels, leading to a significant increase in sales velocity for Feitian Moutai compared to the same period last year [1][2] Group 1: iMoutai Reforms and Market Dynamics - The iMoutai reforms are effectively expanding the consumer base, attracting and nurturing new consumer groups, and driving high growth in distributor demand [1] - The price of regular Moutai has returned to the consumer-friendly price range of 1500 yuan, releasing substantial potential demand for business, family gatherings, and gifting [1] - The supply of high-value products has decreased, with regular Moutai filling the supply gap, leading to accelerated turnover [1][3] Group 2: Pre-Festival Demand and Sales Performance - Pre-festival demand for Feitian Moutai is heating up, with a collection progress of 33% and sufficient inventory turnover among distributors [2] - The expected additional sales volume from iMoutai is around 20%, driven by enhanced consumer reach and a slight increase in price per ton [2] Group 3: High-Value Products and Inventory Levels - The supply of high-value products is focused on inventory reduction, with low inventory levels reported [3] - The sales performance of premium and aged wines is showing positive growth, with some distributors seeking to increase their inventory from self-operated stores [3] Group 4: Regional Market Observations - There is a noticeable divergence in sales performance across different regions, with high-end brands like Feitian Moutai experiencing strong sales growth while other brands face significant declines [4] - In regions with better economic conditions and drinking culture, such as East China and Henan, sales declines are around 10%, while provinces like Shandong and Hunan report declines exceeding 10% [4] Group 5: Investment Recommendations - The investment outlook suggests focusing on Moutai and Guojiao, as the sales and pricing of Moutai have exceeded expectations, indicating a concentration of seasonal effects in leading brands [7] - For the broader market, recommendations include stable dividend-paying stocks like Guizhou Moutai and Gujing Gongjiu, while also monitoring the sales rhythm of brands like Wuliangye and Shanxi Fenjiu [7][8]