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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 36,794 | 53,909 | 40,384 | 39,064 | 38,788 | 50,601 | 50,123 | 38,845 | 36,155 | 45,776 | 44,425 | 33,692 |
| Cost of revenue | 3,953 | 5,521 | 3,687 | 3,402 | 3,716 | 4,061 | 3,574 | 3,478 | 3,369 | 3,381 | 3,254 | 2,857 |
| Gross profit | 32,841 | 48,388 | 36,697 | 35,662 | 35,072 | 46,540 | 46,549 | 35,367 | 32,787 | 42,394 | 41,171 | 30,835 |
| Selling, general and administrative | 3,382 | 3,460 | 5,592 | 3,027 | 3,540 | 3,415 | 4,952 | 3,549 | 3,251 | 3,203 | 5,582 | 3,179 |
| Research and development | 55.6 | 59.3 | 77.0 | 39.2 | 47.6 | 26.4 | 78.0 | 48.0 | 64.3 | 28.2 | 56.2 | 28.4 |
| Operating income | 22,936 | 36,671 | 24,333 | 25,880 | 24,705 | 35,958 | 34,511 | 25,344 | 23,191 | 31,966 | 29,269 | 22,247 |
| EBIT | 22,936 | 36,671 | 24,333 | 25,880 | 24,705 | 35,958 | 34,511 | 25,344 | 23,191 | 31,966 | 29,269 | 22,247 |
| EBITDA | 23,496 | 37,194 | 24,856 | 26,359 | 25,245 | 36,451 | 35,004 | 25,806 | 23,670 | 32,428 | 29,731 | 22,647 |
| Interest expense | 41.3 | 56.3 | 62.0 | 46.5 | 45.6 | 50.4 | 40.4 | 32.9 | 24.0 | 22.3 | 39.0 | 27.3 |
| Pre-tax income | 23,895 | 37,543 | 25,352 | 26,625 | 25,747 | 37,031 | 35,590 | 26,471 | 24,405 | 33,174 | 30,436 | 23,303 |
| Income tax | 6,016 | 9,389 | 6,940 | 6,713 | 6,535 | 9,257 | 9,286 | 6,616 | 6,110 | 8,291 | 7,742 | 5,808 |
| Net income | 17,274 | 27,243 | 17,693 | 19,224 | 18,555 | 26,847 | 25,401 | 19,132 | 17,630 | 24,065 | 21,858 | 16,896 |
| Net income to common shareholders | 17,274 | 27,243 | 17,693 | 19,224 | 18,555 | 26,847 | 25,401 | 19,132 | 17,630 | 24,065 | 21,858 | 16,896 |
| Basic EPS | 13.81 | 21.76 | 14.13 | 15.35 | 14.80 | 21.38 | 20.22 | 15.23 | 14.03 | 19.16 | 17.40 | 13.45 |
| Diluted EPS | 13.81 | 21.76 | 14.13 | 15.35 | 14.80 | 21.38 | 20.22 | 15.23 | 14.03 | 19.16 | 17.40 | 13.45 |
| Average shares (basic) | 1,251 | 1,252 | 1,252 | 1,253 | 1,254 | 1,256 | 1,256 | 1,256 | 1,257 | 1,256 | 1,256 | 1,256 |
| Average shares (diluted) | 1,251 | 1,252 | 1,252 | 1,253 | 1,254 | 1,256 | 1,256 | 1,256 | 1,257 | 1,256 | 1,256 | 1,256 |
| Dividend per share | — | — | 27.99 | 23.96 | — | — | 27.62 | 23.88 | — | — | 30.88 | — |