Kweichow Moutai

600519 · SSE · CNY

¥1,258.62+1.86%+¥23.04

Close · September 30, 2026

At a glance

Revenue growth
−1.21%
2025 vs 2024
Net income growth
−4.53%
2025 vs 2024
Net margin
48.8%
2024: 50.5%

Financial data

Amounts in millions of CNY; per-share values in CNY; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets309,051319,919303,835304,738292,258312,369298,945286,771279,207285,525272,700262,076
Current assets260,725271,525252,519256,587245,478266,507251,727238,420232,257237,377225,173218,473
Cash and equivalents53,53648,78751,70251,75351,64552,19959,30260,08556,84074,19769,07070,641
Short-term investments1,7981,80026,8714,6867181,7111,211—153———
Receivables143,997160,025112,461144,214138,048157,702136,435129,694123,589112,413109,16095,821
Inventory61,31760,69261,42755,85954,97254,79854,34348,22547,76646,85246,43540,990
Net property, plant and equipment24,92425,21425,18224,93424,76124,60924,43223,42322,70422,67122,36122,166
Other intangible assets8,5798,6118,6868,6498,7178,7828,8508,6698,7198,5188,5728,436
Long-term investments7,5867,7398,8625,5435,0355,0325,5447,2397,2139,3409,3251,406
Current liabilities46,64538,45649,61038,76342,84343,87056,51638,72450,80736,62748,69836,664
Accounts payable3,5093,6724,0072,8222,9523,7453,5152,6523,2914,0233,0932,152
Total debt244242234—269285——————
Total liabilities46,95438,78349,87639,03343,12244,17856,93339,08351,16236,98849,04337,058
Total equity (incl. minority)262,096281,136253,959265,705249,136268,190242,011247,688228,045248,537223,656225,019
Retained earnings249,996270,752243,510260,440241,217257,332230,485235,085215,953237,109213,043215,187
Minority interest10,84310,2429,3218,63510,4899,8328,9059,9799,4698,8057,9887,210