According to the Fangzheng Securities Research Report, Kweichow Moutai announced price increases for some products. The retail price of Feitian's 53% vol500ml Kweichow Moutai platform was adjusted from 1,539 yuan/bottle to 1,639 yuan/bottle, and the sales contract price was adjusted from 1,269 yuan/bottle to 1,369 yuan/bottle; Feitian 53% Vol1L Kweichow Moutai iMoutai platform retail price was adjusted from 3119 yuan/bottle to 3,269 yuan/bottle. Prices were raised after a lapse of less than four months, and “two adjustments in a year” appeared for the first time. “Follow the market” price adjustments are on the path of normalization. The price increase is based on market demand and anchors the real price. At the stage where the industry is under pressure, the company's reform and innovation continue to deepen, and it insists on the coordinated development of inheritance and innovation. Adhere to the balance of volume and price, pay attention to the interests of dealers, and actively help reduce channel pressure. This adjustment of products, operating models, channels, and price systems will accelerate the differentiation and upgrading of the dealer community. In the future, service capabilities, terminal control, and consumer connectivity will become core values. The company is expected to achieve operating income of 1744.07/1853.74/194.913 billion yuan in 26-28, achieve net profit of 859.42/917.26/97.039 billion yuan, and maintain the “Highly Recommended” rating.

According to the Fangzheng Securities Research Report, Kweichow Moutai announced price increases for some products. The retail price of Feitian's 53% vol500ml Kweichow Moutai platform was adjusted from 1,539 yuan/bottle to 1,639 yuan/bottle, and the sales contract price was adjusted from 1,269 yuan/bottle to 1,369 yuan/bottle; Feitian 53% Vol1L Kweichow Moutai iMoutai platform retail price was adjusted from 3119 yuan/bottle to 3,269 yuan/bottle. Prices were raised after a lapse of less than four months, and “two adjustments in a year” appeared for the first time. “Follow the market” price adjustments are on the path of normalization. The price increase is based on market demand and anchors the real price. At the stage where the industry is under pressure, the company's reform and innovation continue to deepen, and it insists on the coordinated development of inheritance and innovation. Adhere to the balance of volume and price, pay attention to the interests of dealers, and actively help reduce channel pressure. This adjustment of products, operating models, channels, and price systems will accelerate the differentiation and upgrading of the dealer community. In the future, service capabilities, terminal control, and consumer connectivity will become core values. The company is expected to achieve operating income of 1744.07/1853.74/194.913 billion yuan in 26-28, achieve net profit of 859.42/917.26/97.039 billion yuan, and maintain the “Highly Recommended” rating.