Kweichow Moutai today participated in the "2024 Collective Reception Day for Investors of Listed Companies in Guizhou and 2023 Annual Performance Explanation Meeting".

Some investors askedbingolakewood, 2023 annual report, why are there hundreds of millions of changes in dealer margins when dealers have basically not changed?

Jiang Yan, deputy general manager, chief financial officer, and secretary of the board of directors of Kweichow Moutai responded that the company's online sales platforms such as iMoutai adopt a model of online ordering and offline picking up goods, and dealers need to manage this part of the goods, so they collect a certain deposit from the dealer.