KWEICHOW MOUTAI(SH:600519) Sou Hu Cai Jing·2025-12-05 08:38Core Viewpoint - The recent appointment of Zhang Deqin to the All-China Federation of Industry and Commerce (ACFIC) has clarified some rumors regarding his departure from Moutai, although the reasons for his dismissal remain unclear. The price of Moutai on Pinduoduo has reached 1399 yuan, contradicting claims that Zhang's exit was due to performance issues [2][15]. Group 1 - Zhang Deqin's new position at ACFIC, while not as prestigious as the chairman of Moutai, indicates a form of relief from the pressures associated with the role [2][8]. - The timing of Zhang's new appointment, nearly 40 days after his departure from Moutai, is unprecedented among previous Moutai chairmen, suggesting a unique situation [8]. - The price of Moutai has been fluctuating, with reports indicating that the current price on Pinduoduo is 1399 yuan, raising questions about the authenticity of the product at that price [14][15]. Group 2 - The historical context of Moutai's pricing strategy under previous leadership, particularly during the tenure of Gao Weidong, aimed to stabilize prices at 1499 yuan, which has not been successfully maintained [9][13]. - The current market price for Moutai products, such as the 25-year Flying Moutai, is reported at 1550 yuan, indicating a significant deviation from the intended pricing strategy [14]. - The perception of Zhang Deqin's effectiveness is challenged by the current market dynamics, as the price of Moutai continues to rise despite efforts to control it [15].