贵州茅台: 贵州茅台2025年半年度报告摘要

Core Viewpoint - Guizhou Moutai Co., Ltd. reported a significant increase in revenue and profit for the first half of 2025, indicating strong business performance despite a slight decrease in total assets compared to the previous year [1]. Financial Performance - Total assets at the end of the reporting period amounted to ¥292.26 billion, a decrease of 2.24% from the previous year [1]. - Operating revenue reached ¥89.39 billion, reflecting a year-on-year increase of 9.10% [1]. - Total profit was ¥62.78 billion, up by 9.03% compared to the same period last year [1]. - Net profit attributable to shareholders was ¥45.39 billion, marking an increase of 8.93% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was also reported, although specific figures were not provided [1]. Business Operations - The company achieved a tax-excluded revenue of ¥10.76 million through its "i Moutai" digital marketing platform during the reporting period [1]. - The number of domestic distributors increased by 160, totaling 2,280, while the number of foreign distributors rose by 11, reaching 115 [1]. - The report indicates that all new domestic distributors were for series liquor [1]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 220,658 [1]. - The major shareholders include China Guizhou Moutai Distillery (Group) Co., Ltd., which holds a significant stake [2].