Mei Ri Shang Bao·2025-12-11 23:24Core Viewpoint - The leading Chinese liquor companies, Wuliangye and Kweichow Moutai, announced substantial mid-term dividends totaling over 400 billion yuan, reflecting their strong cash flow and financial health, while also highlighting the ongoing challenges in the market with declining product prices [1][2][3]. Group 1: Dividend Announcements - Wuliangye announced a mid-term dividend of 100.07 billion yuan, distributing 25.78 yuan per 10 shares, with the record date set for December 17, 2025 [2]. - Kweichow Moutai declared a mid-term dividend of 300.01 billion yuan, distributing 23.957 yuan per share, with the record date on December 18, 2025 [2]. Group 2: Market Performance and Price Trends - The wholesale price of Moutai's "Flying Fairy" product is nearing its official guidance price, with recent data showing a price of 1500 yuan per bottle, down 15 yuan from the previous day [1]. - Moutai's price has seen a significant decline of 32.43% from its peak earlier in the year, with prices dropping below key psychological levels [4][5]. - Wuliangye's stock has also faced pressure, with a year-to-date decline exceeding 16%, and its market capitalization has decreased by approximately 905.6 billion yuan from its historical peak [5]. Group 3: Industry Insights - Industry experts suggest that the simultaneous large dividends from these leading companies indicate their robust cash flow and solid financial status, enhancing the appeal of high-dividend assets in the current market environment [3]. - Analysts believe that the ongoing price declines in the high-end liquor sector signify a fundamental restructuring, with a shift from "scarcity premium" to "value pricing" [6].