茅台公告！控股股东获增持贷款承诺函

Core Viewpoint - Guizhou Moutai's controlling shareholder, Moutai Group, has received a loan commitment of up to 2.7 billion RMB from Agricultural Bank of China to support its stock buyback plan, reflecting confidence in the company's long-term value amidst a challenging industry environment [1][2]. Group 1: Shareholder Actions - Moutai Group plans to increase its stake in Guizhou Moutai using self-owned and self-raised funds, with an investment amount between 3 billion and 3.3 billion RMB [1]. - As of the announcement date, Guizhou Moutai has repurchased 3.9276 million shares, accounting for 0.3127% of the total share capital, with a total expenditure of 6 billion RMB [1]. Group 2: Financial Performance - In the first half of 2025, Guizhou Moutai achieved total revenue of 91.094 billion RMB, representing a year-on-year growth of 9.16% [1]. - The net profit attributable to shareholders reached 45.403 billion RMB, with a year-on-year increase of 8.89% [1]. - As of June 30, 2025, the company had cash and cash equivalents amounting to 142.885 billion RMB [1]. Group 3: Market Perception - Market participants view the controlling shareholder's buyback as a sign of recognition of the company's long-term value, especially as the overall liquor industry faces pressure and many companies experience slowed growth [1]. - The recent buyback and shareholder actions are seen as part of Guizhou Moutai's systematic market value management strategy [2].