KWEICHOW MOUTAI(SH:600519) 证券时报·2025-11-06 00:22Key Points - The Chinese government will stop implementing additional tariffs on certain imported goods from the U.S. starting from November 10, 2025, as part of the trade agreement outcomes [6][6] - The Ministry of Commerce has announced adjustments to the export control list, with 15 U.S. entities having their restrictions lifted, while 16 others will continue to face a one-year suspension of measures [7] - The Ministry of Commerce will also continue to suspend measures against the unreliable entity list for one year, allowing domestic companies to apply for transactions with listed entities [8] Company News - Kweichow Moutai plans to repurchase shares worth between 1.5 billion to 3 billion yuan and will distribute a cash dividend of 23.957 yuan per share, totaling 30 billion yuan [12] - TBEA Co., Ltd. reports that its production and operations are normal, with no significant changes in the market environment or industry policies [13] - Shunfeng International Clean Energy plans to invest in factories in Vietnam and Romania [14] - Antai Group's stock has seen a significant short-term increase, raising concerns about market sentiment and irrational speculation risks [15] - China Energy Electric reports normal operations with no significant changes in the internal and external business environment [20] Industry Insights - The gaming industry has seen a substantial profit increase in Q3, particularly among leading companies with excellent products, indicating a positive industry outlook [26] - The beer sector is currently at a bottom level, with potential recovery opportunities expected in the coming year due to macro policy changes and improved fundamentals [27] - The new energy storage capacity in China has exceeded 100 million kilowatts, marking a growth of over 30 times compared to the end of the 13th Five-Year Plan, with a global market share of over 40% [9]