贵州茅台重夺“股王”宝座 基金加仓大股东不低30亿增持

Core Viewpoint - Guizhou Moutai has reclaimed its title as the "king of stocks" in the A-share market, demonstrating the persistence of the "Moutai curse" despite competition from other companies like Cambricon [1][3][8]. Group 1: Company Performance - Guizhou Moutai's parent company, Moutai Group, received a commitment for a special loan of up to 2.7 billion yuan from a bank [3]. - Moutai Group plans to invest between 3 billion and 3.3 billion yuan to repurchase shares within the next six months [4]. - The company recently completed a share buyback worth 6 billion yuan [5]. - For the first half of 2025, Guizhou Moutai reported a net profit of 45.403 billion yuan, an increase of 8.89% year-on-year [5][11]. Group 2: Market Dynamics - Cambricon briefly surpassed Guizhou Moutai to become the "king of stocks," achieving share prices of 1,587.91 yuan and 1,492.49 yuan on August 28 and 29, respectively [6][7]. - However, Guizhou Moutai regained its position with closing prices of 1,476.10 yuan and 1,491.30 yuan on September 1 and 2, respectively, exceeding Cambricon's prices [7]. - The historical trend shows that companies that have previously surpassed Guizhou Moutai have often seen their stock prices decline shortly after [9][10]. Group 3: Financial Stability - Guizhou Moutai has maintained strong financial performance over the past two decades, with consistent revenue and net profit growth [11]. - In 2024, the company achieved revenues of 174.144 billion yuan and a net profit of 86.228 billion yuan, reflecting year-on-year growth of 15.66% and 15.38%, respectively [11]. - The company has a high gross margin of over 90% and a net profit margin exceeding 50%, along with a low debt-to-asset ratio and strong cash flow [11]. Group 4: Future Outlook - Guizhou Moutai and Moutai Group remain optimistic about future performance, with plans for further share repurchases and investments [12][13]. - As of June 2025, mutual funds held approximately 92.9802 million shares of Guizhou Moutai, indicating growing institutional interest [13].