the annual output of Moutai liquor base wine in 2024 is about 56,300 tons, a year-on-year reduction of about 900 tons, which is the first production contraction of Moutai liquor in recent years.
We expect Moutai to deliver a five-year net profit CAGR of 12.7% through ... The total DPS for 2023 will be CNY 50.22 per share, implying a yield of 2.9% based on the Nov. 20 share price.
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