Kweichow Moutai Posts RMB 90.7 Billion Revenue as Half-Year Net Profit Falls 1.95%
Updated
Updated · TradingView · Aug 18
Kweichow Moutai Posts RMB 90.7 Billion Revenue as Half-Year Net Profit Falls 1.95%
3 articles · Updated · TradingView · Aug 18
Summary
RMB 44.52 billion in net profit marked a 1.95% year-on-year decline for the first half, even as revenue edged up 1.47% to RMB 90.70 billion.
Operating cash flow jumped 438.84%, and digital sales through iMoutai remained a meaningful growth driver, helping offset broader industry pressure.
Margins stayed strong as Moutai pushed channel reforms, though those changes have already weighed on pricing and product mix in recent quarters.
Q2 had signaled the strain: revenue fell 5.2% and net profit dropped 6% amid price cuts on non-standard products and reform-related disruption.
The weaker profit trend comes as China's softer premium-liquor demand, anti-corruption pressure and economic shift away from property weigh on baijiu consumption.