Shanghai - Delayed Quote CNY

Kweichow Moutai Co., Ltd. (600519.SS)

1,547.00

+3.00

+(0.19%)

At close: April 30 at 3:00:01 PM GMT+8

Analysis-Ebbing demand for China's favourite firewater adds to debt concerns

In the Chinese village of Maotai, the local firewater named after the town is not only a key source of income, it's a barometer of the country's battered consumer market and the economic misfortunes of its home province. In the weeks before Lunar New Year, tourists traditionally flock to the town, nestled in the mountains of the southwestern province of Guizhou, to buy the baijiu, or white spirit, as gifts - this year, those crowds were notably smaller. The premium spirit made locally by Kweichow Moutai has for decades been a fixture at weddings, business dinners and state functions, but its sales in the past two years have been hit by poor consumer and business confidence.

Reuters 2 months ago

600519.SS
+0.19%
China’s favourite tipple may finally shake off its hangover

If you think whisky burns, try baijiu, China’s national spirit also known as the country’s firewater. Distilled mainly from sorghum with an alcohol...

PREMIUM
Financial Times 6 months ago

600519.SS
+0.19%

Performance Overview

Return	600519.SS	SSE Composite Index (000001.SS)
YTD	+1.51%	-2.17%
1-Year	-5.94%	+5.61%
3-Year	-7.78%	+7.61%