Kweichow Moutai Co Ltd Class A

600519: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lowering Baijiu Makers' Uncertainty Ratings Due to a More Resilient Demand Outlook

Jennifer Song

Mar 11, 2026

Despite continued sectorwide demand weakness, our recent channel checks indicate steady sales volume for leading baijiu brands during the Lunar New Year period, with lower inventory levels compared with a year ago.

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Kweichow Moutai Co Ltd Class A

Lowering Baijiu Makers' Uncertainty Ratings Due to a More Resilient Demand Outlook

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