贵州茅台，中期分红300亿元，斥资15亿至30亿元，回购注销股份

Core Viewpoint - Guizhou Moutai has announced a mid-term profit distribution plan for 2025, including a cash dividend and a share repurchase plan, while implementing measures to enhance quality and efficiency, balancing company development with investor interests [1][2]. Profit Distribution and Share Repurchase - As of September 30, 2025, Guizhou Moutai's undistributed profits amount to 210.875 billion yuan, with a total share capital of 1.252 billion shares. The company plans to distribute a cash dividend of 23.957 yuan per share, totaling 30 billion yuan [1]. - The share repurchase plan involves using self-owned funds to buy back shares, with a total repurchase amount between 1.5 billion yuan and 3 billion yuan, and a maximum repurchase price of 1,887.63 yuan per share [1]. Quality Control and Marketing Strategies - The company emphasizes quality control, adhering to traditional brewing methods and implementing a full lifecycle quality management model to ensure product stability. It has received multiple national quality awards and the EFQM Global Award [2]. - In marketing, Guizhou Moutai focuses on consumer-centric strategies, balancing traditional foundations with adaptations to changing consumer behaviors and preferences [2]. ESG Practices and Shareholder Engagement - The company promotes ESG practices, aiming for harmony with nature, shared social value, and modern governance. It focuses on environmental protection, social development, and enhancing internal governance capabilities [2]. - Guizhou Moutai maintains a biannual dividend distribution rhythm and plans to implement a second round of share repurchase. The company is also encouraging major shareholders to increase their holdings [3]. Recent Developments in Share Repurchase - The company has completed its share repurchase plan, spending a total of 6 billion yuan to buy back 3.9276 million shares, representing 0.3127% of the total share capital, with repurchase prices ranging from 1,408.29 yuan to 1,639.99 yuan per share [4].