Cheering results from liquor maker
Source: Xinhua |
March 10, 2010, Wednesday
|
Print Edition
Print Edition
CHINA'S leading liquor producer Kweichow Moutai reported an output of 23,000 tons of base liquor in 2009 thanks to its efforts to boost production, Lin Shusen, governor of Guizhou Province, said yesterday.
The Shanghai-listed company will report its 2009 results this month.
The advance disclosure by the provincial governor came on the sidelines of the annual session of the National People's Congress.
The share price of Kweichow Moutai was flat at 163.17 yuan (US$23.90) yesterday.
Guizhou-based Kweichow Moutai's net profit surged 24.59 percent year on year to 2.79 billion yuan in the first half of last year, according to the company's report to the Shanghai Stock Exchange in August.
The company recorded sales revenue of 10.3 billion yuan in 2008.
Kweichow Moutai previously announced plans to invest 20 billion yuan to nearly double annual output within five to 10 years.
The local government has invested more than 3 billion yuan to protect the local environment and the Chishui River, the water source for Kweichow Moutai.
The Shanghai-listed company will report its 2009 results this month.
The advance disclosure by the provincial governor came on the sidelines of the annual session of the National People's Congress.
The share price of Kweichow Moutai was flat at 163.17 yuan (US$23.90) yesterday.
Guizhou-based Kweichow Moutai's net profit surged 24.59 percent year on year to 2.79 billion yuan in the first half of last year, according to the company's report to the Shanghai Stock Exchange in August.
The company recorded sales revenue of 10.3 billion yuan in 2008.
Kweichow Moutai previously announced plans to invest 20 billion yuan to nearly double annual output within five to 10 years.
The local government has invested more than 3 billion yuan to protect the local environment and the Chishui River, the water source for Kweichow Moutai.
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