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Xinhua Silk Road
China Brands

Net profit of China's top liquor brand surges 6.6 pct in Q1

April 28, 2021


Abstract : China's leading liquor maker Kweichow Moutai earned a net profit of 13.95 billion yuan (about 2.15 billion U.S. dollars) in the first quarter of 2021, up 6.57 percent year on year.

GUIYANG, April 27 (Xinhua) -- China's leading liquor maker Kweichow Moutai earned a net profit of 13.95 billion yuan (about 2.15 billion U.S. dollars) in the first quarter of 2021, up 6.57 percent year on year.

During the January-March period, its revenue climbed 11.74 percent year on year to 27.27 billion yuan, the company said in its quarterly report filed with the Shanghai Stock Exchange.

The liquor maker said late March that it has set its revenue growth target for 2021 at around 10.5 percent compared with last year.

Distilled in the town of Maotai in southwest China's Guizhou Province, this famed liquor is often served at state banquets. Enditem

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Keyword: Kweichow Moutai

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China's top liquor brand Moutai posts solid growth in 2020

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