KWEICHOW MOUTAI(SH:600519) 券商中国·2025-11-05 15:02Core Viewpoint - Guizhou Moutai announced a share repurchase plan with a total fund of no less than 1.5 billion yuan and no more than 3 billion yuan, with a maximum repurchase price of 1887.63 yuan per share, aimed at enhancing investor confidence and reducing registered capital [1][5][6]. Summary by Sections Share Repurchase Plan - The company plans to repurchase shares through centralized bidding, with the repurchased shares intended for cancellation and reduction of registered capital [1][5]. - The repurchase amount is estimated to be between approximately 794,647 shares and 1,589,294 shares, accounting for about 0.0635% to 0.1269% of the total issued shares as of the announcement date [6]. Financial Impact - As of September 30, 2025, Guizhou Moutai's total assets were 304.738 billion yuan, with net assets attributable to shareholders of 257.070 billion yuan and cash and cash equivalents of 159.502 billion yuan [6]. - If the maximum repurchase fund of 3 billion yuan is fully utilized, it would represent approximately 0.98% of total assets, 1.17% of net assets, and 1.88% of cash and cash equivalents [6][7]. Previous Actions - The company had previously completed a share repurchase on August 29, 2025, acquiring 3.9276 million shares at an average price of 1527.65 yuan per share, using approximately 6 billion yuan [7]. - The repurchased shares from the previous action were also intended for cancellation and reduction of registered capital [7].