KWEICHOW MOUTAI(SH:600519) 中国基金报·2025-09-05 15:39Core Viewpoint - Guizhou Moutai's controlling shareholder, Moutai Group, has received a loan commitment letter from Agricultural Bank of China to support its stock buyback plan, with a maximum loan amount of RMB 2.7 billion [2][5]. Summary by Sections Loan Commitment and Buyback Plan - Moutai Group has obtained a loan commitment from Agricultural Bank of China, allowing for a maximum loan of RMB 2.7 billion, with a term of 3 years, specifically for the purpose of increasing its stake in Guizhou Moutai [5]. - The buyback plan was initially disclosed on August 29, with Moutai Group intending to buy back between RMB 3 billion and RMB 3.3 billion worth of shares from September 1, 2025, to February 28, 2026, using both self-owned and self-raised funds [5]. Implementation Details - There is no set price range for the buyback; Moutai Group will decide the timing based on market conditions and the company's stock price [8]. - Moutai Group has committed not to sell any of its shares during the buyback period and the statutory timeframe [8]. Current Shareholding and Performance - As of August 29, Moutai Group holds 678 million shares, representing 54.07% of the total share capital [9]. - On September 1, Moutai Group increased its holdings by 67,800 shares, amounting to approximately RMB 100 million [9]. - For the first half of 2025, Guizhou Moutai reported a revenue of RMB 91.094 billion, a year-on-year increase of 9.16%, and a net profit of RMB 45.403 billion, up 8.89%, both setting historical highs for the period [9]. - As of September 5, Guizhou Moutai's stock price was RMB 1,483 per share, with a market capitalization of RMB 1.86 trillion [10].