Spirit Snake Sets Sail | Industry Deep Adjustment, Why Do Wine Companies Still Need to Distribute Huge Dividends?

Published 2025년 10월 7일

Tridge summary

Core Insight: According to the mid-year financial reports of 2025, several listed liquor companies have ended their previous rapid revenue growth, and a slowdown in operating growth has become the mainstream trend in the industry. However, the investment attributes and profit-making attributes behind the liquor companies remain strong. The mid-term gross profit margin for Guizhou Moutai is 91.30%, for Luzhou Laojiao it is 87.09%, for Gujing Gongjiu it is 79.87%, for Wuliangye it is 76.83%, and for Shanxi Fenjiu it is 76.65%. This is the foundation for the dividends of liquor companies consistently exceeding the average level of the stock market.

Original content

Recently, wine companies such as Gujinggong Wine and Wahaha Beer announced their interim dividend plans for 2025, and Luzhou Laojiao also plans to use over 75% of its parent company's net profit attributable to shareholders for dividends in 2025, with the total dividend amount expected to be no less than 8.5 billion yuan. From the 2025 interim financial report, it can be seen that many listed wine companies have ended their previous period of rapid revenue growth, and a slowdown in operating growth has become the mainstream trend in the industry. However, the investment and profit-making attributes of wine companies remain strong. The interim gross profit margin for Kweichow Moutai was 91.30%, for Luzhou Laojiao it was 87.09%, for Gujinggong Wine it was 79.87%, for Wuliangye it was 76.83%, and for Shanxi Fenjiu it was 76.65%. This is the basis for the dividends of wine companies consistently exceeding the average level of the stock market. Currently, the Chinese wine industry is ...

Source: Foodmate