Chinese liquor makers have reason to cheer
Updated: 2013-04-23 15:16
By Li Jiabao (China Daily)
|
||||||||
Revenue growth continued for China's major liquor brands in the first quarter.
Wuliangye Group said in a Tuesday report that first quarter revenue edged up 5.41 percent from the previous year to 8.68 billion yuan ($1.40 billion) while net profits rose 18.91 percent to 3.63 billion yuan in the same period.
The Gujing Group registered revenue of 1.57 billion yuan in the first quarter, up 18.71 percent year-on-year, while the net profit increased 20.12 percent to 308 million yuan.
China's major liquor brands saw revenue grow more than 50 percent annually in 2011 and 2012.
Revenue growth of beer and wine produced from rice or millet maintained robust growth.
Chongqing Beer Group Co Ltd said that its net profit rose 8.49 percent year-on-year in the first quarter, higher than the 3.53-percent growth in 2012. Shanghai Jinfeng Wine Co Ltd saw its profit go up 12.10 percent year-on-year.
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
- Earthquake leaves family shattered
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Chinese fleet monitors Japanese ships near Diaoyu
Health new priority for quake zone
Inspired by Guan, more Chinese pick up golf
Russia criticizes US reports on human rights
China, ROK criticize visits to shrine
Sino-US shared interests emphasized
China 'aims to share its dream with world'
Chinese president appoints 5 new ambassadors
US Weekly
Beyond Yao
|
Money power |