KWEICHOW MOUTAI(SH:600519) Xin Lang Cai Jing·2026-01-12 04:36Core Viewpoint - Moutai plans to adjust the factory prices of several products after three years, indicating a strategic shift in pricing to expand its consumer base and increase market accessibility [1][2]. Price Adjustments - The factory price of "Moutai Boutique" is set to decrease from 2969 yuan to 1859 yuan, with retail prices dropping from 3299 yuan to 2299 yuan [1][2]. - The factory price of "Moutai 15 Years" will be reduced from 5399 yuan to 3409 yuan, while retail prices will fall from 5999 yuan to 4199 yuan [1][2]. Previous Price Changes - The last price adjustment by Moutai occurred in 2023, where the factory prices of Guizhou Moutai liquor (Feitian and Wuxing) were increased by an average of approximately 20% [1][2]. Market Impact - Analyst Xiao Zhuqing notes that the price reduction will broaden the consumer demographic for Moutai, allowing previously excluded small business owners and middle-class families to become new consumers, thereby increasing the opening rate of Moutai products [1][2].