On August 21, Kweichow Moutai held the 2026 semi-annual results briefing. In the first half of this year, Maotai produced 41,000 tons of liquor, a decrease of about 0.2,700 tons compared to 43,700 tons in the same period last year. Regarding the decline in production of Moutai in the first half of the year, Wang Li, director and acting general manager of Kweichow Moutai, responded that Kweichow Moutai production strictly follows the traditional brewing rhythm of “being on time”, and that the production of base wine during the reporting period is a phased statistical difference caused by differences in the progress of production operations, and the cumulative production for the next year will not be affected by this.

On August 21, Kweichow Moutai held the 2026 semi-annual results briefing. In the first half of this year, Maotai produced 41,000 tons of liquor, a decrease of about 0.2,700 tons compared to 43,700 tons in the same period last year. Regarding the decline in production of Moutai in the first half of the year, Wang Li, director and acting general manager of Kweichow Moutai, responded that Kweichow Moutai production strictly follows the traditional brewing rhythm of “being on time”, and that the production of base wine during the reporting period is a phased statistical difference caused by differences in the progress of production operations, and the cumulative production for the next year will not be affected by this.