20 baijiu stocks declined; Kweichow Moutai closed at 1452.87 yuan/share

NightAirdropper · 2026-03-20T13:34:20+00:00

On March 19, the Shanghai Composite Index declined by 1.39%, and the liquor sector also retreated accordingly. Multiple liquor stocks including Kweichow Moutai and Wuliangye experienced declines. China Xiniya Securities anticipates that liquor consumption will enter an off-season, with Q1 earnings potentially declining. However, with policy support, improvement is expected in the future.

NightAirdropper

2026-03-20 13:34:20

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Beijing Business Daily (Reporter Liu Yibo, Feng Ruonan) reported that on March 19th, the Shanghai Composite Index closed at 4,006.55 points, down 1.39%. The Baijiu sector closed at 2,106.05 points, down 1.73%, with 20 Baijiu stocks declining. Kweichow Moutai closed at 1,452.87 RMB per share.

In terms of individual stocks, Kweichow Moutai closed at 1,452.87 RMB per share, down 1.08%; Wuliangye closed at 102.53 RMB per share, down 1.15%; Shanxi Fenjiu closed at 156.14 RMB per share, down 1.30%; Luzhou Laojiao closed at 105.40 RMB per share, down 1.36%; Yanghe Brewery closed at 50.76 RMB per share, down 1.15%.

Guoxin Securities stated in its research report that after the Spring Festival in 2026, the Baijiu consumption enters a seasonal slowdown, with Feitian Moutai’s wholesale prices slightly falling and sales gradually weakening across products. Currently, the domestic demand is still recovering slowly, and feedback indicates that demand for various consumer goods has cooled after the holiday. Additionally, the Baijiu sector is still under pressure from base effects, and Q1 earnings are expected to decline year-on-year. The “Government Work Report” from the Two Sessions emphasized continuing to expand domestic demand and stabilizing the real estate market. It is expected that with subsequent policy support, the sector’s sales may gradually recover.

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