贵州茅台豪掷53亿元“抄底”，蛇茅批发价重回2000元/瓶

Core Viewpoint - Guizhou Moutai has been actively repurchasing shares to stabilize stock prices and instill market confidence, with a total repurchase amount exceeding 5.3 billion yuan by July 2025 [1][2]. Company Summary - 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 5.3 billion yuan [2]. - The highest purchase price during the repurchase was 1,639.99 yuan per share, while the lowest was 1,408.29 yuan per share [2]. - The stock price of Guizhou Moutai has decreased by 5.06% this year, reaching a low of 1,373.1 yuan per share, and is currently trading at 1,419 yuan per share [1]. Industry Summary - The white liquor industry is currently facing challenges such as overcapacity, high inventory, and price inversion, leading to a period of adjustment [2]. - The valuation of the food and beverage sector is at a ten-year low, with the white liquor sector's valuation at 11.98 times, also at a ten-year low [4]. - The industry is undergoing a destocking cycle, with multiple pressures from pricing, demand, and policy affecting liquor companies [4].