对谈茅台大会现场股东：现金流、分红、回购是重点，关注下一次回购落地时间

Group 1 - The core focus of the recent Moutai shareholders' meeting was on cash flow, dividends, and share buybacks, which are the top concerns of shareholders [1][3] - Shareholders emphasized the importance of utilizing Moutai's substantial cash flow effectively to generate returns rather than letting it sit idle [3] - There is a strong call from shareholders for Moutai to increase its dividend payouts to set an industry standard and boost investor confidence in the liquor sector [3] Group 2 - In the previous extraordinary shareholders' meeting held on November 27, 2023, Moutai reviewed multiple proposals including the cash dividend plan for 2024-2026 and the share buyback plan [3] - Moutai announced a share buyback plan with a maximum budget of 6 billion yuan, aiming to complete the remaining 4.05 billion yuan of buybacks and share cancellations promptly [3] - The controlling shareholder, China Guizhou Moutai Distillery (Group) Co., Ltd., is also preparing a plan for increasing its stake in the company [3]