NBD AI Bulletin -- Kweichow Moutai Co., Ltd. (the Company, SH 600519, closing price: 1719.96 yuan) announced on November 23 that on November 21, some media reported the direct sales plan of Moutai liquor in the fourth quarter. They believed that direct sales of the liquor in Q4 will increase significantly as they mistook supermarkets and e-commerce as direct sales.

It is necessary to make an explanation on that:

1. In regular reports disclosed by the Company, sales channels include directs sales and wholesale. Direct sale means that revenue comes from the Company's own distributing channels. Wholesales means revenue comes from social distributors, supermarkets and e-commerce, etc. Direct sales of the Company in Q4 will not have significant changes compared with Q3 this year. 

2. Currently, the Company is operating smoothly and in an orderly manner. The sales plan of Q4 is part of the annual sales plan and has been calculated in the 2020 financial budget that has been disclosed. The annual revenue growth target of 10% has not changed. 

The 2019 annual report shows that Kweichow Moutai Co., Ltd. mainly engages in liquor business, accounting for 96.05% of its revenue.

Kweichow Moutai Co., Ltd.'s chairman is Gao Weidong, male, 48 years old, with a master's degree in project management.

Tips on "Stock Trends"

1. The number of shares held by northbound investors increased by 5531.0 in the past 30 days.

2. There was no institutional research on the Company in the past 30 days. 

(By Tan Yuhan)

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