[Kweichow Moutai: Net profit in the first three quarters of 2026 decreased by 0.25% year-on-year] On October 30, Kweichow Moutai (600519.SH) announced that it achieved operating income of 130.971 billion yuan in the first three quarters, a year-on-year increase of 1.96%; net profit attributable to shareholders of listed companies was 64.467 billion yuan, a year-on-year decrease of 0.25%. In the third quarter, operating income was 40.267 billion yuan, a year-on-year increase of 3.08%; net profit attributable to shareholders of listed companies was 19.951 billion yuan, a year-on-year increase of 3.78%. Xiaocai Note: The company’s Q3 net profit was 19.951 billion and Q2 net profit was 17.274 billion. Based on this calculation, Q3 net profit increased by 15% month-on-month.