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Profile & Fundamentals

Kweichow Moutai Profile & Fundamentals

Name: Kweichow Moutai financial chart data preview
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Company and Market Context

Company Profile & Ownership

Kweichow Moutai Co., Ltd., together with its subsidiaries, produces and sells liquor products in China and internationally. The company offers liquor and soy sauce products under the Kweichow Moutai, Moutai Wangzi liquor, Moutai 1935 liquor, Han Jiang liquor, and Lai Mao liquor brands. It also engages in the production and sale of beverage, food, and packaging materials; development of anti-counterfeiting technology; research and development of information industry related products; operation and management of hotel, accommodation, catering, entertainment, bathing, and parking lot services; and provision of vehicle transportation and maintenance, and value-added telecommunication services. The company was incorporated in 1999 and is headquartered in Renhuai, China. Kweichow Moutai Co., Ltd. operates as a subsidiary of China Kweichow Moutai Distillery(Group)Co,.Ltd.

Company profile record

Kweichow Moutai Co Ltd

Common Stock · Consumer Staples · Distillers & Vintners

Official website

Company

Company / asset: Kweichow Moutai Co Ltd
Security type: Common Stock
Sector: Consumer Staples
Industry: Distillers & Vintners
HQ: 🇨🇳 China
Head office: Maotai Town, Renhuai, China, 564501

Leadership & scale

Full-time employees: 35K
Fiscal year end: December
IPO date: 2001-07-31

Fundamentals snapshot

Updated 2026-09-05

Market Cap: CNY 1.57T
P/E: 19.3x
Revenue (Q2 26): CNY 37.6B
Profit (Q2 26): CNY 17.3B
Dividend Yield: 3.7%
Revenue (FY 25): CNY 172.1B
Shares in public float: 540.9M
Insider ownership: 62.4%

Reporting & identifiers

Symbol: 600519.SHG
Listing: 🇨🇳 China | Dividend Tax: 10%
Ticker Currency: CNY
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: CNE0000018R8
Asset ID: equity_08b70166-f62c-50b3-90fb-bd51b927cf7d

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability remains among the highest of any enterprise globally. Gross profit margins stood at 91.3% in fiscal 2025 and 90.3% in the first half of 2026, demonstrating that raw grain and packaging costs represent only a tiny fraction of the final bottle price. While operating margins softened slightly from historical highs of 79% down to 66% due to direct-selling logistics and marketing expenses, net profit margins held firm at 47.8%. Raising factory contract prices to 1,369 CNY and expanding direct online sales provides structural support, ensuring return on equity remains above 30% through the cycle.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-06.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	4,841,173,822.88	5,242,024,677.7	2,405,519,817.84	88.52	72.02	49.69	108.28
2017-12-31	8,088,869,738.86	3,230,110,428.73	4,159,655,953.15	87.66	73.84	51.42	39.93
2018-12-31	9,580,008,284.88	5,781,756,421.37	5,116,805,997.53	89.25	77.88	53.41	60.35
2019-12-31	10,936,931,752.87	6,043,354,593.39	5,920,469,973.28	89.47	77.57	54.13	55.26
2020-12-31	12,880,049,464.01	7,592,541,989.89	7,151,192,255.59	89.59	78.93	55.52	58.95
2021-12-31	14,805,001,415.09	9,531,429,499.06	8,248,450,373.9	89.72	78.31	55.71	64.38
2022-12-31	15,805,527,681.16	4,549,572,378.7	9,089,488,097.1	90.03	79.22	57.51	28.78
2023-12-31	18,074,106,197.18	9,010,350,962.25	10,525,925,570.42	90.02	79.37	58.24	49.85
2024-12-31	23,855,352,054.79	12,025,339,726.03	11,812,074,794.52	92.08	68.73	49.52	50.41
2025-12-31	24,614,330,742.62	8,354,021,469.66	11,776,833,634	91.34	66.3	47.85	33.94

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	20.96	Trailing four quarters
2024-12-31	22.2	Trailing four quarters
2023-12-31	29.01	Trailing four quarters
2022-12-31	34.59	Annual net income
2021-12-31	49.11	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2016-01-01	1,254,469,400
2017-01-01	1,255,832,800
2018-01-01	1,257,055,900
2019-01-01	1,256,014,100
2020-01-01	1,256,929,300
2021-01-01	1,256,851,900
2022-01-01	1,256,197,800
2023-01-01	1,256,197,800
2024-01-01	1,256,197,800
2025-01-01	1,252,746,000

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