Core Viewpoint - Guizhou Moutai has been actively repurchasing shares to stabilize stock prices and boost market confidence, with a total buyback amount exceeding 5.3 billion yuan by the end of July 2025 [5]. Group 1: Share Buyback and Market Response - As of July 2025, Guizhou Moutai has repurchased a total of 3.45 million shares, accounting for 0.2748% of its total share capital, with a total expenditure of 5.3 billion yuan [5]. - The stock price of Guizhou Moutai has decreased by 5.06% this year, reaching a low of 1373.1 yuan per share, currently trading at 1419 yuan per share [2]. - The repurchase is seen as a response to challenges in the liquor industry, including oversupply, high inventory, and price inversion, as well as regulatory encouragement for companies to buy back shares [5]. Group 2: Industry Trends and Valuation - The liquor industry is currently experiencing a bottoming phase, with leading companies expected to adjust channel structures and enhance market development capabilities [8]. - The valuation of the food and beverage sector is at a ten-year low, with the sector's valuation at 13.93 times earnings as of July 31, 2025, while the valuation for liquor is even lower at 11.98 times [8]. - The liquor industry is undergoing a destocking cycle, facing multiple pressures from pricing, demand, and policy, prompting companies to take proactive measures [8]. Group 3: Product Pricing and Market Expansion - The wholesale reference price for Moutai's Snake Year liquor has returned to 2000 yuan per bottle, indicating a slight increase [5]. - Guizhou Moutai has launched the "Moutai Sauce Aroma · Shared by Thousands" initiative on Meituan Flash Purchase, expanding its market presence with authorized stores [6].