At a Nov. 10 Q3 2026 results briefing, Wang Li, acting general manager of
Kweichow Moutai, said production of 2027 xiasha is complete and, following a
comprehensive evaluation, the company has not added any Moutai base-liquor
capacity. The company said it will continue to assess supply-side carrying
capacity, craftsman training and base-liquor inventories, and coordinate project
construction and capacity release with market demand to maintain a dynamic
supply–demand balance.
