Kweichow Moutai proposes $34.67bn dividend after strong year

Kweichow Moutai (SSE:600519) announced plans to distribute a cash dividend of CNY 276.24 per 10 shares, totaling approximately CNY 34.67 billion, pending shareholder approval. The decision follows a robust 2024, where the company experienced a 15.71% increase in operating revenue, reaching CNY 170.899 billion, and a 15.38% rise in net profits attributable to shareholders, which totaled CNY 86.228 billion. The financial results reflect continued growth driven by its core Moutai liquor and series products. The company also reported its ongoing share repurchase program, initiated in late 2024, has seen the repurchase of 1,082,700 shares as of March 31, 2025, at a total cost of CNY 1.599 billion. These repurchased shares are intended for cancellation, reducing the company's registered capital. The dividend plan and share repurchase demonstrate Kweichow Moutai's commitment to shareholder returns.