On November 2, value investor Duan Yongping posted on Xueqiu, writing, “Moutai is still the same Moutai,” and included a web link to Kweichow Moutai’s 2026 third-quarter report.
The message explicitly named Kweichow Moutai and directed readers to the company’s “2026 third-quarter report” via a web link. Beyond the quoted sentence, the post did not provide further interpretation, performance figures, or additional commentary. It offered no summary of the report’s contents and did not highlight any specific sections or data points.
The original statement—“Moutai is still the same Moutai”—constituted the entirety of Duan’s remark. The post consisted of one sentence and a link on Xueqiu. It did not include financial results, operational metrics, forecasts, trading views, or qualitative judgments about the report, and it did not elaborate on the context or rationale behind the comment.
As presented, the post serves only to point readers to the company’s report while asserting that Moutai remains unchanged, without providing additional detail or analysis.
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