On the topic of Maotai's “cycle,” some netizens believe that Maotai has top cash flow and business model, and is currently experiencing a serious “downward inventory cycle,” and asked companies with strong brand barriers like Maotai how their cycle is fundamentally different from the normal manufacturing cycle, and how to use a “business perspective” to evaluate the timing of purchases. Duan Yongping responded that “cycle” is the opinion of stock traders; if you really understand it when you buy it and actually plan to take 10 years or more, you will understand Maotai's “cycle.” On the topic of purchasing channels and underwriting, some netizens suggested whether consumers care enough about the price difference when faced with channels of different prices when buying Maotai liquor. Duan Yongping instead asked, “Who doesn't care?” I also speculate that getting it on iMaotai might give people a bit of a sense of accomplishment or a bit of dopamine.

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