超300亿！茅台，大利好

Group 1 - Guizhou Moutai plans to distribute a cash dividend of 23.957 yuan per share, totaling 300.01 billion yuan (including tax) for the 2025 interim profit distribution plan [2][10][12] - The company intends to repurchase shares worth between 1.5 billion yuan and 3 billion yuan, with a maximum repurchase price of 1887.63 yuan per share, aimed at cancellation and reduction of registered capital [5][16][25] - This marks the second time Guizhou Moutai has announced an interim dividend since its listing, with the 2025 plan slightly increasing the per-share dividend compared to the 2024 plan [10][14] Group 2 - Guizhou Moutai aims to establish a new high-level shareholder return framework through regular cash dividends, share repurchases, and encouraging major shareholders to increase their holdings [8][14] - The company has completed its first share repurchase plan, acquiring 3.9276 million shares at an average price between 1408.29 yuan and 1639.99 yuan per share, using approximately 6 billion yuan [24][26] - The company is transitioning from high-speed growth to high-quality development in response to cyclical adjustments in the liquor industry [28][33] Group 3 - For the first three quarters of 2025, Guizhou Moutai reported revenue of 128.454 billion yuan, a year-on-year increase of 6.36%, and a net profit attributable to shareholders of 64.627 billion yuan, up 6.25% [29][31] - The company emphasizes a high-quality development approach, focusing on balancing the interests of stakeholders, including channel partners and investors [33][34]