China’s leading liquor producer reports H1 profits

Abstract : China's leading liquor producer, Kweichow Moutai, said its net profit rise by 13.29 percent year on year to 22.6 billion yuan (about 3.2 billion U.S. dollars) in the first half of 2020.

GUIYANG, July 28 (Xinhua) — China’s leading liquor producer,
Kweichow Moutai, said its net profit rise by 13.29 percent year on year
to 22.6 billion yuan (about 3.2 billion U.S. dollars) in the first half
of 2020.

The company also said in its H1 earnings report that it generated
operating revenue of 43.95 billion yuan, an annual increase of 11.31
percent.

The domestic market contributed 42.81 billion yuan of its operating income in H1.

As of the close of trading on July 28, Moutai’s share price was 1,670
yuan, up by 2.92 percent on the day, with its total market value
reaching nearly 2.1 trillion yuan.

In 2019, Moutai’s revenue was at around 88.85 billion yuan, up by
about 15.1 percent year on year. Its operating profit rose by 14.99
percent from the previous year to about 59 billion yuan.

The legendary liquor producer, based in southwest China’s Guizhou
Province, produced around 75,000 tonnes of base liquor for its Moutai
brand and series brands in 2019, up by 6.88 percent year on year.
Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s leading liquor producer reports H1 profits

Comments

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...

China drives global oil demand growth during pandemic

Abstract : China, with its rising refining industry, has driven global oil demand as the COVID-19 pandemic slashed it, and is emerging in the global refining industry shift, according to the International Energy Agency. Photo taken on July 21, 2020 shows the deck of the Kantan No.3 offshore oil platform in the northern waters of the South China Sea. (Xinhua/Pu Xiaoxu) China’s refiners are becoming a growing force in international markets for gasoline and diesel among other fuels, according to the International Energy Agency. NEW YORK, Nov. 26 (Xinhua) — China, with its rising refining industry, has driven global oil demand as the COVID-19 pandemic slashed it, and is emerging in the global refining industry shift, according to the International Energy Agency. Bloomberg quoted the agency as saying that as the demand for plastics and fuels grows in China and the rest of Asia, where economies are quickly rebounding from the pandemic, the refining capacity in China has been expanded....

Singapore’s manufacturing output declines 0.9 pct on year in October

Abstract : Singapore Economic Development Board announced on Thursday that the country's manufacturing output decreased 0.9 percent year on year in October, compared to a revised 25.6 percent rise in September. SINGAPORE, Nov. 26 (Xinhua) — Singapore Economic Development Board announced on Thursday that the country’s manufacturing output decreased 0.9 percent year on year in October, compared to a revised 25.6 percent rise in September. Excluding biomedical manufacturing, the output fell 2.7 percent in October from a year ago. On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output decreased 19 percent in October. Excluding biomedical manufacturing, the output fell 2.9 percent. As for the performance of different clusters, the electronics cluster’s output fell 0.6 percent year on year in October, compared to a revised 33.1 percent increase in September. The biomedical manufacturing cluster saw its output grow 10.2 percent in October, compared to a revi...

Global-China Information Service

Search This Blog