Core Viewpoint - The annual shareholder meeting of Kweichow Moutai is set to discuss various important reports and proposals, with a significant turnout of over 1,700 shareholders expected, indicating strong interest in the company's performance and future plans [1][2]. Group 1: Shareholder Meeting Highlights - The meeting will review the 2024 Board of Directors' report, Supervisory Board report, annual report, and profit distribution plan [1]. - The venue was changed to accommodate the larger-than-expected number of attendees, reflecting the high level of shareholder engagement [1]. - Shareholders are particularly interested in potential price increases for Feitian Moutai, direct sales ratios, and product diversification [2][3]. Group 2: Financial Performance and Goals - Kweichow Moutai reported a total revenue of 174.14 billion yuan for 2024, a year-on-year increase of 15.66%, and a net profit of 86.23 billion yuan, up 15.38% [3]. - The company aims for a revenue growth target of approximately 9% for 2025, raising questions among shareholders about the rationale behind this conservative target [3]. - Cumulative cash dividends since the company's listing in 2001 have reached 301.44 billion yuan, with a dividend payout ratio of 59.52% [2]. Group 3: International Expansion - Kweichow Moutai is accelerating its international strategy, with overseas market revenue reaching 1.12 billion yuan in the first quarter, a 37% increase year-on-year [3]. - Shareholders are keen to learn about new plans for expanding into international markets [4].
贵州茅台股东大会召开在即 股东热切关注品牌年轻化、分红、国际化等话题