Kweichow Moutai surpasses Cambricon, becomes A-share market’s highest-priced stock again

Kweichow Moutai surpasses Cambricon, becomes A-share market’s highest-priced stock again

Kweichow Moutai Co., Ltd., a leading producer and marketer of liqueurs (Moutai), has reclaimed its position as the most expensive stock on the A-share market. This development comes after a period where Cambricon Technologies Corp Ltd, a major player in China's artificial intelligence (AI) chip sector, had briefly held the top spot. The latest figures show that Kweichow Moutai's stock price has surpassed Cambricon's, making it the most valuable company in terms of market capitalization on the Shanghai Stock Exchange.

Kweichow Moutai, with a market capitalization of 386.21 billion CNY, has been consistently performing well due to its strong brand presence and significant market share in the premium liquor segment. The company's net sales, which are predominantly generated in China, account for 97.5% of its total revenue [1]. This dominance has been a key factor in driving its stock price to new heights.

Cambricon Technologies Corp Ltd, on the other hand, has experienced a surge in its stock price due to various factors, including its focus on AI chip technology and the increasing demand for self-sufficient AI solutions in China. The company's stock price reached a record high of 1,492.49 CNY on August 28, 2025, before being surpassed by Kweichow Moutai [2].

The recent shift in the market capitalization leadership is a reflection of the broader trends in the Chinese stock market. The A-share market has seen significant growth in the technology sector, particularly in AI and semiconductor companies, due to government initiatives aimed at promoting self-sufficiency in critical technologies.

Investors are advised to keep a close eye on both companies as they continue to shape the future of their respective industries. Kweichow Moutai's dominance in the premium liquor market and Cambricon's role in the burgeoning AI chip sector make them both attractive investment opportunities.

References:

[1] https://www.marketscreener.com/news/kweichow-moutai-s-controlling-shareholder-to-boost-holdings-in-co-ce7c50dddb8df62c
[2] https://www.investing.com/equities/cambricon-technologies-corp-ltd