KWEICHOW MOUTAI(SH:600519) Shang Hai Zheng Quan Bao·2025-11-01 15:28Group 1 - Duan Yongping donated 10,000 shares of Kweichow Moutai Co., Ltd., valued at 15 million RMB, to the Jiangxi Water Conservancy and Electric Power University Education Development Foundation [1][2] - The donation was made in the name of his parents to support the school's educational initiatives, following a previous donation of 5 million USD for the construction of a library in 2007 [2] - Duan expressed confidence in Kweichow Moutai, stating that the market value is temporary and that the company should focus on using dividends [4][7] Group 2 - Kweichow Moutai reported a third-quarter revenue of 39.064 billion RMB, a year-on-year increase of only 0.56%, and a net profit of 19.224 billion RMB, up 0.48% [7] - The stock has seen a decline, with a 3.95% drop over the past five years, and it has fallen from being the third-largest holding in public funds to the tenth [8][10] - The overall white liquor industry is currently in a bottoming phase, with weak demand and inventory clearance, but recovery is expected as the macro economy improves [8] Group 3 - Public funds have been reducing their allocation to the white liquor sector, with a 2.89 percentage point decrease in the food and beverage sector's holding ratio to 28.42% by the end of the third quarter [11] - Despite the overall decline, some well-known fund managers continue to hold positions in white liquor stocks, citing long-term growth potential and reasonable valuations [12][13] - The white liquor sector is currently characterized by low positions, low valuations, low expectations, and high dividends, with leading companies maintaining a dividend yield of over 4% [15]