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China’s top liquor brand targets 10.5-pct revenue growth for 2021

Abstract : China's leading liquor maker Kweichow Moutai has set its revenue growth target for 2021 at around 10.5 percent compared with last year, the company said on Wednesday.

GUIYANG, March 31 (Xinhua) — China’s leading liquor maker Kweichow
Moutai has set its revenue growth target for 2021 at around 10.5 percent
compared with last year, the company said on Wednesday.

The liquor brand saw its revenue rise by 11.1 percent year on year to
over 94.9 billion yuan (around 14.45 billion U.S. dollars) in 2020 with
its net profit increasing by 13.33 percent year on year to nearly 46.7
billion yuan, the company said in its annual report filed to the
Shanghai Stock Exchange.

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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Source: China’s top liquor brand targets 10.5-pct revenue growth for 2021

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