回购10亿元！贵州茅台公布！

Core Viewpoint - Guizhou Moutai has initiated a share buyback program amid recent stock price fluctuations, aiming to enhance investor confidence and manage its market value [1][2][3]. Buyback Details - As of January 2025, Guizhou Moutai has repurchased 685,100 shares at a total cost of approximately 1 billion yuan, representing 0.0545% of the company's total share capital [2]. - The buyback was announced to maintain the interests of the company and its investors, with plans to use the repurchased shares for cancellation and reduction of registered capital [2]. - The company plans to repurchase between 3 billion yuan and 6 billion yuan worth of shares, with a maximum purchase price of 1,795.78 yuan per share, within a 12-month period following shareholder approval [2]. Market Management Strategy - In addition to the buyback, Guizhou Moutai is also focusing on dividend payouts as part of its market value management strategy [4]. - The company plans to distribute a cash dividend of 23.882 yuan per share, totaling over 30 billion yuan, based on its total share capital of approximately 1.256 billion shares [4]. - Guizhou Moutai has committed to a cash dividend policy for 2024-2026, ensuring that annual distributions will not be less than 75% of the net profit attributable to shareholders [4][5]. Financial Performance - Guizhou Moutai is projected to achieve total revenue of approximately 173.8 billion yuan in 2024, reflecting a year-on-year growth of about 15.44%, with a net profit of around 85.7 billion yuan, up 14.67% [7]. - The total dividend distribution for 2024 is expected to reach 68.786 billion yuan, accounting for 80.26% of the net profit [7]. Market Challenges and Strategies - The company faces challenges from macroeconomic transitions and industry adjustments, with a focus on adapting sales policies and optimizing product offerings to meet market demands [8]. - Guizhou Moutai aims to enhance its market presence through product innovation and service upgrades, targeting new consumption scenarios beyond traditional business settings [8].