KWEICHOW MOUTAI(SH:600519) Ge Long Hui A P P·2025-10-29 13:42Core Viewpoint - Guizhou Moutai (600519.SH) reported its Q3 2025 results, showing steady growth in revenue and net profit, primarily driven by Moutai liquor sales, despite a slight decline in series liquor sales [1] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 128.45 billion yuan, representing a year-on-year increase of 6.36% [1] - The net profit attributable to shareholders was 64.63 billion yuan, up by 6.25% year-on-year [1] - In Q3 alone, revenue reached 39.06 billion yuan, with a year-on-year growth of 0.56% [1] - The net profit for Q3 was 19.22 billion yuan, reflecting a year-on-year increase of 0.48% [1] Sales Breakdown - Moutai liquor remains the primary revenue driver, with sales revenue of 110.51 billion yuan in the first three quarters, compared to 101.13 billion yuan in the same period last year [1] - Series liquor sales generated 17.88 billion yuan, down from 19.39 billion yuan year-on-year [1] Regional Performance - Domestic revenue amounted to 124.51 billion yuan, up from 117.04 billion yuan year-on-year [1] - International revenue was 3.89 billion yuan, an increase from 3.48 billion yuan in the previous year [1] Channel Performance - Direct sales revenue reached 55.56 billion yuan, while wholesale and agency revenue was 72.84 billion yuan [1] Digital Initiatives - The company launched the "i Moutai" app in 2022 as part of its digital marketing strategy and recently introduced instant delivery services [1] - Through the "i Moutai" digital marketing platform, the company achieved a non-tax revenue of 12.69 billion yuan, down from 14.77 billion yuan year-on-year [1]