Kweichow Moutai Co., Ltd. (abbreviated as Kweichow Moutai) released its 2025 annual report on the evening of the 16th, showing that in 2025, the company achieved a total operating revenue of 172.054 billion RMB (approximately 99.8 billion MYR), a total profit of 114.755 billion RMB (approximately 66.566 billion MYR), and net profit attributable to shareholders of the parent company of 82.32 billion RMB (approximately 47.752 billion MYR).
Among these, Moutai liquor achieved a revenue of 146.5 billion RMB (approximately 84.981 billion MYR), an increase of 0.39% year-on-year; Moutai liquor sales volume was about 46,800 tons, an increase of 0.73% year-on-year, effectively stabilizing the core business and fully demonstrating its development resilience. The revenue of Moutai’s sauce-flavor series liquors was 22.275 billion RMB (approximately 12.921 billion MYR), with sales volume of about 38,400 tons, an increase of 3.88% year-on-year, further highlighting the company's moat. By the end of 2025, the cash balance was 126.426 billion RMB (approximately 73.336 billion MYR), showing abundant cash flow.
The annual report also shows that Kweichow Moutai will pay a cash dividend of 35.033 billion RMB (approximately 20.322 billion MYR) for 2025, with the total annual dividend expected to reach 65.033 billion RMB (approximately 37.724 billion MYR), accounting for 79% of net profit attributable to shareholders of the parent company. This represents an increase of 4 percentage points over the 2024 dividend payout rate, maintaining a high payout ratio.
The annual report also shows that Kweichow Moutai will pay a cash dividend of 35.033 billion RMB (approximately 20.322 billion MYR) for 2025, with the total annual dividend expected to reach 65.033 billion RMB (approximately 37.724 billion MYR), accounting for 79% of net profit attributable to shareholders of the parent company. This represents an increase of 4 percentage points over the 2024 dividend payout rate, maintaining a high payout ratio.