KWEICHOW MOUTAI(SH:600519) Ge Long Hui·2025-12-10 08:43Group 1 - The price of 2025 53-degree 500ml Feitian Moutai has dropped to 1500 yuan per bottle, a decline of over 30% from its initial prices of 2220 yuan and 2255 yuan [1] - Guizhou Moutai's stock price has decreased by 6.15% this year, contrasting with the 16.69% increase in the CSI 300 index and 20.01% increase in the Moutai index [1] - The stock price of Guizhou Moutai has fallen from a historical high of 2627.88 yuan on February 18, 2021, to 1393.7 yuan currently, indicating a complete downward cycle [1] Group 2 - Investor Duan Yongping expressed confidence in Moutai, stating he sees no reason not to be optimistic about it [2] - Duan Yongping compared Moutai to Hi-Chew candy, suggesting that while it may be harder to predict Moutai's future compared to Coca-Cola, it still holds significant value [2] - He emphasized the importance of understanding the business behind Moutai, as many of his friends appreciate the brand [2] Group 3 - Duan Yongping shared his investment strategy during the plasticizer incident, starting to buy Moutai at around 180 yuan and continuing to purchase until it reached 120 yuan [3] - He mentioned that he sold all his shares in Shenhua to invest in Moutai during the same period [3] Group 4 - Duan Yongping believes that as long as the production process of 53-degree Feitian Moutai remains unchanged, the company can withstand management changes without significant harm [4] - He suggested that Moutai should enhance online sales and management to combat counterfeit products [4] - Analyst Ban Lin commented on Duan's long-term investment approach, noting that not all investors can afford to ignore short-term fluctuations like Duan does [4] Group 5 - Duan Yongping highlighted the challenges faced by retail investors, stating that 90% of speculative investors lose money regardless of market conditions [5] - He emphasized the importance of understanding the business rather than being influenced by market fluctuations [5] Group 6 - Duan Yongping expressed continued confidence in Apple as his primary investment, stating that finding a good company is challenging and that he prefers to hold rather than trade frequently [6] - He identified several companies he believes will outperform in the next decade, including Apple, Moutai, Berkshire Hathaway, Microsoft, and Google [6] Group 7 - Duan Yongping acknowledged the potential of AI, stating it significantly improves efficiency and could lead to changes greater than those brought by the internet or the industrial revolution [12] - He warned that many companies associated with AI may not survive, but those that do could become the next Google or Amazon [12] - He noted that the demand for NVIDIA's products is likely to continue for some time, although competition may arise [13] Group 8 - Duan Yongping discussed the importance of a company's business model, as emphasized by Warren Buffett, stating that understanding the business model is crucial before considering the price [8][9] - He believes that a company's culture can significantly impact its success, which is why he favors companies like Apple [9]