KWEICHOW MOUTAI(SH:600519) Xin Lang Cai Jing·2026-01-12 04:44Core Viewpoint - Moutai plans to adjust the ex-factory prices of several products for the first time in three years, with significant price reductions aimed at expanding its consumer base and increasing product accessibility [1] Price Adjustments - The ex-factory price of "Moutai Boutique Wine" is set to decrease from 2969 yuan to 1859 yuan, while the retail price will drop from 3299 yuan to 2299 yuan [1] - The ex-factory price of "Moutai 15-Year" is proposed to be reduced from 5399 yuan to 3409 yuan, with the retail price falling from 5999 yuan to 4199 yuan [1] Market Impact - The last price adjustment occurred in 2023, when Moutai announced a 53% increase in the ex-factory price of its flagship products, with an average increase of approximately 20% [1] - Industry analyst Xiao Zhuqing noted 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]