Latest News:  


Kweichow Moutai forecasts profit increase


13:29, January 25, 2013

BEIJING, Jan. 25 (Xinhua) -- Kweichow Moutai, China's leading liquor maker, said Friday that its net profits are expected to rise by 50 percent year on year in 2012.

In a statement filed to the Shanghai Stock Exchange, the Guizhou-based liquor maker attributed the projected profit increase to rising product prices and higher sales volume.

The company's net profits hit 8.76 billion yuan (1.39 billion U.S. dollars) in 2011, while earnings per share stood at 8.44 yuan.

Kweichow Moutai aims to generate 40 billion yuan in sales revenue by 2015, according to the company's projected sales figures. This figure is based on the company's goal of producing 40 million liters of Moutai liquor by 2015.

The company's shares fell 3.55 percent to open at 189 yuan on Friday morning.

Hit by a toxic substance scare and the government's escalating anti-corruption campaign, Kweichow Moutai, one of the country's most well-known premium alcohol producers, has seen its share prices fall over 9 percent since November.

The Shanghai Securities News reported earlier this week that Kweichow Moutai was the stock that fund managers sold off the most in 2012.

We recommend:

Report on the rich in China released

Sales boosting measures for Spring Festival

1st express sleeper train starts operation

Top 10 most transparent multinational companies

Top Ten Economic Events in 2012

Beijing leads nation on rich list


Leave your comment0 comments

  1. Name


Selections for you

  1. 'Two Sessions style' of CPPCC meeting

  2. Submarines cruise South China Sea

  3. U.S. firearms sale up after gun control

  4. The happiest places in the world

  5. Time to stop waste on dining table

  6. Photos: Amazing China in 1950s

  7. Building on bridge triggers debate

  8. 'Nine Songs' swan song

  9. Heartfelt gifts of life

  10. Davos 2013: Building confidence

Most Popular


  1. Only dialogue can melt ice between China, Japan
  2. Teacher says 'left-behind' children need respect
  3. Scientist wants food waste criminalized
  4. Why does shortcut mentality prevail in China?
  5. Japan's policies helpless to economic resurgence
  6. Chinese sports emphasize on social responsibility
  7. U.S. firearms sale up after proposals on gun control
  8. Obama's second term: A road covered with thorns
  9. Talk is fine, but how about some changes?
  10. Foreign banks optimistic about Chinese economy

What’s happening in China

Beijing fantasy emerges in dense fog

  1. City apologizes for road closures
  2. SW China police bust sex video extortion ring
  3. Fewer Chinese overseas students staying abroad
  4. Claims ex-police chief owns 16 properties denied
  5. Beijing to implement new emission standard