On the morning of September 28, renowned investor Duan Yongping (Xueqiu ID: "Dadao Wuxing Woyouxing") posted on the Xueqiu platform that he had purchased Kweichow Moutai. The average purchase price was approximately 1,230 yuan, for a total of 30,000 shares, amounting to over 36.9 million yuan. Following the announcement, Kweichow Moutai's stock price rallied in the afternoon, turning positive and closing up 0.56% at 1,243 yuan. This is not Duan Yongping's first recent move; he previously made public posts about buying Kweichow Moutai in January and October 2025, and on May 7 of this year. Duan Yongping's core investment logic centers on Moutai's business model and long-term demand, believing it is highly likely to outperform inflation. In August of this year, Duan Yongping also stated that he would dare to bet 100 million RMB against any Chinese domestic fund over a ten-year period while holding Moutai, but that post is currently no longer searchable. This latest increase in holdings comes as China's baijiu industry faces overall pressure, with many industry insiders noting a "weak peak season," and most baijiu brands, excluding Moutai, experiencing a cool reception. A Jefferies research report in August suggested that Moutai is accelerating its transformation towards a luxury goods operating model, giving it a target price of 2,100 yuan and maintaining a "buy" rating.