SHA:600519.SS 10 January 2026 - 7 February 2026

Kweichow Moutai Class A shares fell 2.6% to 1,515.01 yuan at Friday’s close in Shanghai, with about 7.9 million shares traded. A 2,500-share block trade matched the closing price. Liquor stocks broadly declined, while wholesale prices for Feitian Moutai labels rose Saturday. Investors await China’s February 11 inflation data as the next key event.

Kweichow Moutai Class A shares closed at 1,401 yuan in Shanghai on Jan. 30, down 2.55% after an 8.61% surge the previous day. Wholesale prices for Feitian Moutai rose to 1,710 yuan per bottle, with retail quotes in Chengdu hitting 1,860 yuan amid pre–Lunar New Year demand. The company denied involvement in a SpaceX funding round. Moutai flagged 426 million “abnormal” actions on its direct sales app since Jan. 1.

Kweichow Moutai shares fell 0.23% to 1,337 yuan in Shanghai Friday as investors weighed the company’s response to a packaging error on its “Year of the Horse” limited edition. Moutai resumed production after fixing a misprint and launched an exchange program for affected bottles. A block trade of 2,400 shares at 1,300 yuan drew attention, coming in 2.77% below the close. Broader Chinese markets rose.

Kweichow Moutai Class A shares closed at 1,376 yuan in Shanghai, down 0.43%, as the company warned of counterfeit links selling Feitian Moutai at 1,499 yuan. The liquor sector rose 0.74%, but major baijiu brands saw price drops, with Feitian Moutai’s wholesale price down 31% since early 2025. Moutai said it has not authorized any “enterprise direct supply” links and may take legal action.

Kweichow Moutai warned of fake online “enterprise” links selling Feitian Moutai subscriptions at 1,499 yuan, stressing it has not authorized such sales. Shares closed Friday at 1,382 yuan, down 0.5%, with major baijiu rivals also slipping. New margin rules take effect Monday, raising trader caution ahead of the Lunar New Year. The company said 2026 contracts are handled offline through official stores.