Kweichow Moutai Co., Ltd. (SHA:600519)

Kweichow Moutai Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	171,355	168,838	170,899	147,694	124,100	106,190
Revenue Growth	-4.04%	-1.21%	15.71%	19.01%	16.87%	11.88%
Gross Profit Gross Profit Growth	154,022	153,967	157,097	135,876	113,989	97,207
Operating Income Operating Income Growth	110,643	110,866	115,012	99,125	83,059	70,655
Net Income Net Income Growth	82,161	82,320	86,228	74,734	62,717	52,460
Earnings Per Share EPS Growth	65.65	65.66	68.64	59.49	49.93	41.76
EPS Growth	-8.50%	-4.34%	15.38%	19.15%	19.56%	12.35%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Moutai Moutai Growth	146,500	145,928	126,589	107,834	93,465
Other Series Liquor Other Series Liquor Growth	22,275	24,684	20,630	15,939	12,595
Other Business Other Business Growth	63.52	287.31	474.61	327.51	130.86

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	50,927	78,573	60,762	69,471	58,274	51,810
Total Debt Total Debt Growth	262.12	233.71	425.86	323.69	443.8	400.79
Net Cash (Debt) Net Cash Growth	50,665	78,339	60,336	69,147	57,831	51,409
Net Cash Growth	-9.81%	29.84%	-12.74%	19.57%	12.49%	42.44%
Net Cash Per Share Net Cash Per Share Growth	40.49	62.48	48.03	55.04	46.04	40.92

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	107,384	61,522	92,464	66,593	36,699	64,029
Capital Expenditures CapEx Growth	-2,295	-3,128	-4,679	-2,620	-5,307	-3,409
Free Cash Flow Free Cash Flow Growth	105,090	58,395	87,785	63,973	31,392	60,620
Free Cash Flow Growth	27.92%	-33.48%	37.22%	103.79%	-48.22%	22.27%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	89.89%	91.19%	91.92%	92.00%	91.85%	91.54%
Operating Margin	64.57%	65.66%	67.30%	67.12%	66.93%	66.54%
Pretax Margin	66.74%	67.97%	70.01%	70.19%	70.67%	70.18%
Profit Margin	47.95%	48.76%	50.46%	50.60%	50.54%	49.40%
FCF Margin	61.33%	34.59%	51.37%	43.31%	25.30%	57.09%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 12, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	51.950	51.950	51.506	30.876	25.911	21.675
Dividend Per Share Growth	0.83%	0.86%	66.82%	19.16%	19.54%	12.35%
Dividend Yield	3.68%	3.77%	3.38%	1.79%	1.50%	1.06%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 12, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	21.48	20.95	22.20	29.01	34.59	49.09
Forward PE	19.87	17.86	20.31	25.59	30.90	42.84
P/FCF Ratio	16.67	29.53	21.81	33.89	69.11	42.48
PS Ratio	10.22	10.22	11.20	14.68	17.48	24.25

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error