KWEICHOW MOUTAI(SH:600519) Jin Rong Shi Bao·2025-09-06 03:23Core Viewpoint - Guizhou Moutai's controlling shareholder, Moutai Group, has received a loan commitment from Agricultural Bank of China to support its stock buyback plan, reflecting confidence in the company's long-term value and future development [3][4][5]. Group 1: Loan Commitment and Buyback Plan - Moutai Group has obtained a loan commitment of up to RMB 2.7 billion from Agricultural Bank of China for stock purchases [3][4]. - The buyback plan aims to acquire between RMB 3 billion and RMB 3.3 billion worth of Guizhou Moutai shares within six months from the announcement date [3]. - The loan is intended specifically for stock purchases and has a term of three years, contingent upon meeting certain conditions [4]. Group 2: Market Context and Implications - The liquor industry, particularly the high-end segment, has been experiencing a downturn, but leading companies like Guizhou Moutai continue to show resilience [3]. - The announcement of the loan commitment is seen as a positive signal for the market, indicating strong support for quality state-owned assets [5][6]. - The initiative may set a precedent for other quality state-owned enterprises to follow suit in utilizing bank loans for stock buybacks, potentially creating a demonstration effect [6]. Group 3: Stock Performance - On September 5, Guizhou Moutai's stock closed at RMB 1,483.00 per share, reclaiming its position as the highest-priced stock in A-shares [7].