Kweichow Moutai (600519) stock price slides 2.6% — what to know before China markets reopen

Kweichow Moutai’s Class A shares, traded in yuan on the Shanghai Stock Exchange, ended Friday at 1,401 yuan, slipping 2.55% after soaring 8.61% the previous day.

Kweichow Moutai Co., Ltd. Class A shares slipped 0.23%, finishing at 1,337 yuan. Investors focused on the company’s handling of a packaging error involving its limited “Year of the Horse” bottle.

Kweichow Moutai has stated it hasn’t given any permission for “enterprise direct supply” access or links tied to 1,499-yuan Feitian Moutai subscriptions. The company warned such offers could mislead buyers and carry fraud risks. It’s working with authorities and plans to pursue legal measures if needed.

Kweichow Moutai Co Ltd’s A-shares on the Shanghai exchange will be in focus Monday after its sales division flagged fake online promotions. These scams are pushing “enterprise” subscription links for Feitian Moutai priced at 1,499 yuan. The firm made clear it hasn’t authorized anyone to take these orders. Instead, 2026 sales contracts are being managed offline through provincial self-run stores, which work directly with existing corporate group-buying clients to verify and sign agreements.