3 6 Ke·2025-12-29 07:46Core Viewpoint - Major Chinese liquor companies, while publicly recognized as distilleries, have increasingly become financial giants behind the scenes, investing in various sectors including banking, renewable energy, synthetic biology, AI, and semiconductors [1][19]. Group 1: Banking Investments - Moutai Group has recently invested in Guizhou Rural Commercial Bank, marking it as the fourth bank under its umbrella [1][6]. - Guizhou Rural Commercial Bank has a registered capital of 10.458 billion yuan, with Moutai holding a 9.56% stake [2][4]. - Other liquor companies like Wuliangye and Luzhou Laojiao have also made significant investments in banks, with Wuliangye increasing its stake in Yibin Commercial Bank [7][9]. - Luzhou Laojiao holds approximately 15.97% of Luzhou Bank and has stakes in other financial institutions [10][12]. Group 2: Diversified Financial Interests - Liquor companies are not limited to banking; they have also invested in insurance and securities firms, such as Moutai's 20% stake in Huagui Life and Luzhou Laojiao's involvement with various securities [13][15]. - Moutai has established a comprehensive financial ecosystem, including a financial company and multiple investment funds, expanding its influence in various sectors [20][21]. Group 3: Investment in Emerging Industries - Recently, liquor giants have shifted their investment focus towards high-tech industries, including renewable energy, AI, and biotechnology [22][24]. - Moutai has launched several funds targeting biotechnology and AI, investing in companies like Jiangxi Silicon and others [27][28]. - Wuliangye has also made strides in the renewable energy sector, collaborating with various companies to expand its footprint in this area [25][26]. Group 4: Financial Performance and Shareholder Returns - Major liquor companies are beginning to announce substantial dividend plans, with Moutai and Wuliangye collectively distributing 40 billion yuan to shareholders [30].