KWEICHOW MOUTAI(SH:600519) 天天基金网·2025-11-06 01:18Core Viewpoint - Guizhou Moutai is actively engaging in capital market management through significant cash dividends, share buybacks, and major shareholder increases, aiming to enhance investor confidence and stabilize stock prices [5][10][11]. Dividend Distribution - Guizhou Moutai plans to distribute a cash dividend of 23.957 yuan per share (including tax), totaling approximately 300.01 billion yuan based on a total share capital of 1.252 billion shares as of September 30, 2025 [5][6]. - The company has raised its cash dividend baseline from 50% to not less than 75% of the annual net profit for the years 2024 to 2026, projecting a total dividend of about 647 billion yuan for 2024 [5][6]. Share Buyback Plan - The company announced a share buyback plan with a total fund limit of 30 billion yuan, with a maximum buyback price set at 1,887.63 yuan per share [8][9]. - The expected number of shares to be repurchased ranges from approximately 794,647 to 1,589,294, accounting for about 0.06% to 0.13% of the total share capital [9][10]. Major Shareholder Actions - The controlling shareholder, China Guizhou Moutai Distillery (Group) Co., Ltd., has been actively increasing its stake, having acquired 797,000 shares for about 11.62 billion yuan, with plans to continue increasing its holdings by an additional 30 billion to 33 billion yuan [10][11]. Market Impact and Strategy - The combination of cash dividends, share buybacks, and major shareholder increases is seen as a strategic move to manage the company's market value and provide a benchmark for other companies in the consumer sector [11]. - Guizhou Moutai aims to balance short-term interests with long-term development, focusing on high-quality growth amid industry challenges [10][11].