贵州茅台豪掷53亿元“抄底”！

Core Viewpoint - Guizhou Moutai has spent over 5.3 billion yuan on share buybacks to stabilize stock prices and boost market confidence amid a challenging environment for the liquor industry [2][5]. Group 1: Share Buyback Details - As of July 2025, Guizhou Moutai has repurchased a total of 3.45 million shares, accounting for 0.2748% of its total share capital, with a total expenditure of 5.301 billion yuan [5]. - The highest purchase price for the shares was 1,639.99 yuan per share, while the lowest was 1,408.29 yuan per share [5]. - The company aims to convey confidence to the market and stabilize stock price expectations, especially as its stock price has decreased by 5.06% this year, reaching a low of 1,373.1 yuan per share [2][5]. Group 2: Market Conditions and Pricing - The wholesale price of Moutai's Snake Year liquor has returned to 2,000 yuan per bottle, reflecting a slight increase of 5 yuan from the previous day [4][6]. - The liquor industry is currently facing challenges such as overcapacity, high inventory, and price inversions, prompting companies to adjust their channel structures and enhance market development capabilities [5][9]. - The valuation of the liquor sector is at a ten-year low, with the white liquor valuation dropping to 11.98 times earnings, which is below the overall food and beverage sector valuation of 13.93 times [8][9]. Group 3: Future Outlook - Analysts suggest that the liquor industry is in a phase of rapid bottoming out, and leading companies that actively adjust their channels may benefit from improving consumption trends [9]. - The food and beverage sector's valuation remains stable, indicating potential investment opportunities as the market adjusts [9].