时隔一年半，茅台集团再换帅

Core Points - Moutai Group announced a significant personnel change, with Zhang Deqin stepping down as chairman and Chen Hua appointed as the new chairman [1][2] - Chen Hua has a background in various governmental roles, including serving as the director of the Guizhou Provincial Energy Bureau since March 2022 [2] - Zhang Deqin's tenure as chairman lasted only a year and a half, having taken the position in April 2024 [2][3] Company Performance - Guizhou Moutai's revenue growth has shown signs of slowing down, with a reported revenue of 91.094 billion yuan for the first half of 2025, marking a year-on-year increase of 9.16% [4] - The net profit attributable to shareholders for the same period was 45.403 billion yuan, reflecting an 8.89% year-on-year growth [4] - This growth rate represents the first single-digit increase in revenue since 2015 and the lowest net profit growth since 2021 [4]