Kweichow Moutai revenue and financials
¥1,258.62Change from previous close: +1.86%Absolute change: +¥23.04
In the fiscal year ended December 2025, Kweichow Moutai reported revenue of ¥168.84B (−1.21% year over year). Net income was ¥82.32B, a net margin of 48.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 43,781 | 26,910 | 23,325 | 25,078 | 4,310 | 8,809 | 48,042 | 7,800 | 27,434 | 9,187 | 16,591 | 19,615 |
| Depreciation and amortization | 1,145 | — | 2,147 | -1,066 | 1,106 | — | 2,065 | -992 | 992 | — | 1,921 | -953 |
| Capital expenditure | -227 | -605 | -845 | -687 | -695 | -901 | -1,804 | -1,343 | -735 | -796 | -675 | -540 |
| Investing cash flow | 1.6 | 25,639 | -26,219 | -5,109 | 310 | -624 | -1,180 | 2,293 | -2,132 | -767 | -1,408 | -7,836 |
| Financing cash flow | -36,939 | -1,006 | -30,183 | -3,351 | -38,285 | -1,607 | -32,078 | -174 | -38,804 | -11.8 | -24,164 | -2,127 |
| Dividends paid | -35,033 | — | -30,001 | — | -34,671 | — | -30,001 | — | -38,786 | — | — | — |
| Share repurchases | -2,880 | — | -6,121 | — | -5,202 | — | — | — | — | — | — | — |
| Debt repaid | -18.6 | — | -61.8 | 18.2 | -18.2 | — | -110 | 26.3 | -26.3 | — | -122 | 45.2 |
| Effect of exchange rates | -0.8 | -0.7 | -0.4 | -0.5 | 2.4 | 0.8 | -1.0 | 0.6 | -0.0 | -0.7 | 1.1 | -1.3 |
| Net change in cash | 6,843 | 51,543 | -33,077 | 16,617 | -33,663 | 6,578 | 14,783 | 9,920 | -13,502 | 8,408 | -8,980 | 9,650 |
| Free cash flow | 43,554 | 26,305 | 22,481 | 24,391 | 3,615 | 7,908 | 46,238 | 6,456 | 26,700 | 8,391 | 15,916 | 19,075 |
| Levered free cash flow | 39,023 | -35,877 | 53,646 | 3,229 | 34,276 | -12,668 | 26,722 | -5,294 | 16,854 | 3,433 | 20,191 | 5,093 |