Guizhou Maotai three quarterly report: net profit growth rate declines significantly

On October 29th, Guizhou Moutai disclosed the third quarterly report, and the growth rate of net profit in the third quarter dropped significantly, plummeting to 2.7%.

The financial report shows that the net profit of Guizhou Moutai in the first three quarters was 24.73 billion yuan, a year-on-year increase of 23.77%. According to the semi-annual report data, in the first half of the year, Guizhou Maotai achieved operating income of 33.397 billion yuan, a year-on-year increase of 38.06%; net profit attributable to owners of the parent company was 15.764 billion yuan, a year-on-year increase of 40.12%. This shows that its net profit for the third quarter was 8.97 billion yuan, a year-on-year increase of 2.7%.

Today, Kweichow Moutai opened lower and the stock price hit a new low. At the close, Kweichow Moutai fell below the 600 mark, reported 549.09 yuan, and the market value per day evaporated by nearly 76.6 billion yuan.

Moutai’s share price fell or was related to Maotai’s third-quarter results were less than expected. CICC released a research report that Kweichow Moutai’s total revenue and profit growth rate in the third quarter were lower than market expectations, and due to base wine supply restrictions, it is expected that the third quarter of Moutai Wine sales fell by as much as 14%, and the profit forecast and target price for this year and next year were lowered.