Di Yi Cai Jing·2025-08-27 07:53Group 1 - The core point of the article highlights the competition between Guizhou Moutai and Cambricon Technologies for the title of "A-share king," with Moutai temporarily retaining its position despite Cambricon's significant stock price increase [2][3] - Cambricon's stock price surged over 166% from July 10 to August 25, reaching 1384.93 yuan per share, closely approaching Moutai's price of 1490.33 yuan [3] - Moutai's stock price has been under pressure due to challenges in the high-end liquor industry, including slow sales and price inversion, indicating a deep adjustment phase starting in the second half of 2023 [3] Group 2 - Guizhou Moutai reported a total operating revenue of 91.09 billion yuan for the first half of 2025, reflecting a year-on-year growth of 9.2%, and a net profit of 45.4 billion yuan, up 8.9% year-on-year [4] - The growth rates for Moutai are consistent with the company's earlier targets but are lower than the double-digit growth seen in previous years [4] - Many liquor companies have reported varying degrees of decline in their second-quarter performance, indicating that the industry is in a process of adjustment and bottoming out [4]