4月24日晚间，贵州茅台发布2026年一季报。报告显示，一季度公司实现营业总收入547.03亿元，同比增长6.34%；利润总额375.43亿元，同比增长1.38%；归母净利润272.43亿元，同比增长1.47%，营收利润均实现双增长，市场化改革成效初显。
Kweichow Moutai Q1 Revenue Rises 6.54% to 53.909 Billion Yuan.
On the evening of April 24, Kweichow Moutai released its first-quarter financial report for 2026. According to the report, the company achieved total operating revenue of 54.703 billion yuan in the first quarter, up 6.34% year on year; total profit reached 37.543 billion yuan, a year-on-year increase of 1.38%; and net profit attributable to shareholders of the parent company was 27.243 billion yuan, up 1.47% year on year. Both revenue and profit registered growth, marking initial success in the company’s market-oriented reforms.
其中，茅台酒实现营收460.05亿元，同比增长5.62%，压舱石作用持续彰显；茅台酱香系列酒营收78.81亿元，同比增长12.22%，增长态势持续向好。
Among its core businesses, Moutai liquor generated revenue of 46.005 billion yuan, rising 5.62% year on year, continuing to serve as a cornerstone for the company’s performance. Revenue from Moutai’s soy sauce-flavor liquor series stood at 7.881 billion yuan, up 12.22% year on year, maintaining a strong growth momentum.
报告还显示，1-3月i茅台实现销售收入215.53亿元，同比增长267.16%。3月末公司现金余额为1779.68亿元，较年初增长40.77%，现金流充沛。
The report also showed that iMoutai recorded sales revenue of 21.553 billion yuan from January to March, surging 267.16% year on year. As of the end of March, the company’s cash balance stood at 177.968 billion yuan, an increase of 40.77% from the start of the year, reflecting ample cash flow.
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