In response to recent reports that Guizhou Maotai (600519.SH) has taken measures such as reducing shipments to prevent price declines, a person related to Guizhou Maotai cited by 21st Century Economic Report responded that the company had already established shipment schedules earlier this year and will make certain adjustments based on market conditions.

Recently, the wholesale reference prices for Maotai liquor have continued to fall. According to the data from the sauce and liquor platform 'Buer Sauce', the wholesale reference price for Feitian Maotai bottled liquor has fallen by nearly 200 yuan to 2,230 yuan per day. The pawn amount for some Feitian Maotai in Beijing has reached 1,499 yuan per bottle.