经销商打款意愿降低？贵州茅台回应

Core Viewpoint - The liquor industry, particularly the white liquor sector, is undergoing a significant adjustment due to changing consumer habits and mismatched business models, leading to widespread pressure on companies like Guizhou Moutai [1][2]. Group 1: Industry Performance - The white liquor industry is currently experiencing a cyclical adjustment, with channel inventory under pressure and a significant slowdown in growth rates [2]. - The industry has entered a phase of stock competition, characterized by increased concentration and a focus on maintaining market stability [2]. Group 2: Company Response - Guizhou Moutai's management is committed to addressing the challenges by respecting market rules and focusing on market demand to maintain channel resilience and market stability [2]. - The company emphasizes a transparent and pragmatic approach in collaboration with all stakeholders to navigate through difficult times and seek mutual development [2]. Group 3: Financial Insights - The company's advance receipts have significantly decreased by 2 billion, raising concerns about the willingness of distributors to make payments [3]. - Guizhou Moutai is actively working to alleviate pressure on channel partners to enhance channel resilience and promote a healthy market environment [3].