Moutai reports strong Q3 2025 performance, revenue tops 128 bn yuan

Kweichow Moutai Co., Ltd. announced strong financial results for the third quarter of 2025, with operating revenue reaching 39.06 bn yuan for the quarter, an increase of 0.56% year-on-year. For the first nine months of 2025, total operating income climbed to 128.45 bn yuan, reflecting a 6.36% increase compared to the previous year. Net profit attributable to shareholders for the first nine months also rose by 6.25% to 64.63 bn yuan.

The company's asset base expanded, with total assets increasing by 1.94% to 304.74 bn yuan as of September 30, 2025. Shareholder equity also saw a substantial rise of 10.28%, reaching 257.07 bn yuan. Basic earnings per share for the nine-month period were 51.53 yuan, up 6.43% year-on-year.

In its operations, Kweichow Moutai reported total main business income of 12.84 m yuan for the first nine months of 2025, with 11.05 m yuan from Moutai and 1.79 m yuan from series wines. The "iMoutai" digital marketing platform contributed 1.27 m yuan (tax-exclusive) in wine sales. The company also saw an increase in its domestic distributor network, adding 205 new distributors while decreasing 23, bringing the total to 2,325 domestic and 121 international distributors as of the end of the reporting period.