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Xinhua Silk Road
China Brands

Chinese liquor maker Wuliangye reports solid H1 profit growth

August 30, 2021


Abstract : China's leading liquor producer Wuliangye Yibin Co., Ltd. saw its net profit grow 21.6 percent year on year to reach 13.2 billion yuan (about 2 billion U.S. dollars) in the first half of 2021, following solid sales growth.

CHENGDU, Aug. 30 (Xinhua) -- China's leading liquor producer Wuliangye Yibin Co., Ltd. saw its net profit grow 21.6 percent year on year to reach 13.2 billion yuan (about 2 billion U.S. dollars) in the first half of 2021, following solid sales growth.

Over the six-month period, the company chalked up 36.8 billion yuan in revenue, up 19.45 percent year on year, it said in an interim financial report filed with the Shenzhen Stock Exchange on Monday.

Revenue from the company's liquor products rose 21.07 percent to 34.1 billion yuan thanks to expanded sales channels including group-buying, the report showed.

Wuliangye is headquartered in the city of Yibin, southwest China's Sichuan Province.

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