Kweichow Moutai's 2026 interim net profit at 44.517 billion yuan, down 1.95% year-on-year

Earnings
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Kweichow Moutai released its 2026 interim report, with net profit attributable to the parent company at 44.517 billion yuan, down 1.95% from the same period last year. Total operating revenue was 92.278 billion yuan, up 1.30% year-on-year, marking a fifth consecutive year of growth. Net cash inflow from operating activities was 70.691 billion yuan, up 438.84% year-on-year. The company's latest gross margin was 89.56%, down 1.74 percentage points from a year earlier, and its latest return on equity was 17.72%, down 1.31 percentage points from a year earlier.

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