Group 1 - Dongwu Securities issued a report on October 30, giving Guizhou Moutai (600519.SH, latest price: 1426.74 CNY) a "buy" rating [1] - The reasons for the rating include a deceleration in Q3 revenue growth, with a widening decline in series liquor sales [1] - Prepayments and receivables have increased on a quarter-on-quarter basis, and cost optimization has helped stabilize performance [1] - The company is making efforts to transform and adjust its supply side, enhancing product adaptation and channel reach [1]

Core Viewpoint - Guizhou Moutai reported significant growth in its international market during the first half of 2025, building on a high base from 2024 and enhancing its global brand influence [1] Group 1 - The company held a performance briefing on September 12, focusing on its achievements and strategies for international expansion [1] - Wang Li, acting general manager, highlighted the substantial growth in the international market, indicating a new breakthrough for the brand [1]