On July 16, it was learned from Maotai that recently, Maotai Group is making efforts to clean up and rectify its subordinate branches and subsidiaries. It is understood that Maotai Group has made it clear that it will clean up and rectify 5 1 branches and subsidiaries, and further made it clear that all clean-up work will be completed in 20 19.

Focusing on the policy of "making enough wine articles and expanding the wine world", Maotai Group began to "unload burdens, fill shortcomings and increase benefits". After this round of "slimming" of the group, the management level of Maotai Group is basically controlled within the third level in principle, and there are no more branches and subsidiaries under the fourth level.

In addition, Maotai clearly regards cleaning up and rectifying subsidiaries as an important task of Maotai's reform and development at present and in the future, and will earnestly grasp the details through cleaning up, integration, liquidation and withdrawal.

Maotai said that the 5 1 subsidiary that needs to be cleaned up and rectified mainly has "vague positioning and low correlation with the group business; There are many management levels, and there are blind spots and loopholes in supervision; Functions overlap, and some of them have homogenization competition; Weak profitability and poor operating conditions; Five types of problems, such as' zombie companies' and' meaningless'.