29 November 2025 | 8:18AM HKT Equity Research Kweichow Moutai (600519.SS): AGM takeaways: MoM moutai spirits sales momentum improvement since Aug; rational shipment and We attended Moutai's AGM in Zunyi, Guizhou, on Nov 28, hosted by the newly elected Chairman. Management presented a positive outlook, strategic patience and long-term value creation to position the company for the industry's recovery from the current cyclical adjustment. The company moderately reduced Moutai spirits shipments in Jun-Aug amid ...