KWEICHOW MOUTAI(SH:600519) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-05 15:55Core Viewpoint - Kweichow Moutai has announced a new round of share buybacks and a mid-term dividend for 2025, aiming to enhance investor confidence and strengthen market value management [2][3]. Group 1: Share Buyback Details - The company plans to repurchase shares worth no less than RMB 15 billion and no more than RMB 30 billion, with a maximum buyback price of RMB 1887.63 per share [1]. - This new buyback follows a previous round where Kweichow Moutai spent RMB 60 billion to repurchase 3.9276 million shares from January to August [1]. Group 2: Dividend Announcement - Kweichow Moutai will distribute a cash dividend of RMB 23.957 per share for the 2025 mid-term, totaling approximately RMB 300 billion [1][3]. - The dividend amount remains consistent with the 2024 mid-term dividend, and the company has committed to a minimum annual dividend payout ratio of 75% for 2024 and 2025 [3]. Group 3: Financial Performance and Market Context - Despite a recent downturn in the liquor sector, Kweichow Moutai reported a year-on-year revenue growth of 6.36% and net profit growth of 6.25% for the third quarter [3]. - As of September 30, Kweichow Moutai had retained earnings of RMB 210.875 billion and cash and cash equivalents of RMB 159.502 billion, indicating strong financial health [5].