Kweichow Moutai Net Profit Jumps 19% on Stronger Sales

Dow Jones04-03

By Sherry Qin

Chinese liquor giant Kweichow Moutai is aiming for continuous sales growth in 2024, it said after posting a 19% rise in annual net profit on stronger sales.

China's most valuable liquor brand said late Tuesday that its 2023 net profit came at 74.73 billion yuan ($10.33 billion), slightly higher than the company's guidance.

Its operating revenue was CNY147.69 billion, up 19% from the previous year, which the company attributed to higher sales volume and changes in selling channels, among other reasons.

For 2024, Moutai aims to grow total operating revenue 15% and make CNY6.179 billion in fixed asset investments.

Moutai declared a dividend of CNY308.76 per 10 shares. It distributed a total of CNY56.55 billion in cash dividends in 2023, accounting for 75.67% of its annual net profit.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

April 02, 2024 20:53 ET (00:53 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2424881740?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-03 08:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2424881740","market":"fut","top_or_hot":-1,"title":"Kweichow Moutai Net Profit Jumps 19% on Stronger Sales","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sherry Qin \n</p>\n<pre>\n \n</pre>\n<p>\n  Chinese liquor giant Kweichow Moutai is aiming for continuous sales growth in 2024, it said after posting a 19% rise in annual net profit on stronger sales. \n</p>\n<p>\n  China's most valuable liquor brand said late Tuesday that its 2023 net profit came at 74.73 billion yuan ($10.33 billion), slightly higher than the company's guidance. \n</p>\n<p>\n  Its operating revenue was CNY147.69 billion, up 19% from the previous year, which the company attributed to higher sales volume and changes in selling channels, among other reasons. \n</p>\n<p>\n  For 2024, Moutai aims to grow total operating revenue 15% and make CNY6.179 billion in fixed asset investments. \n</p>\n<p>\n  Moutai declared a dividend of CNY308.76 per 10 shares. It distributed a total of CNY56.55 billion in cash dividends in 2023, accounting for 75.67% of its annual net profit. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sherry Qin at sherry.qin@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2024 20:53 ET (00:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kweichow Moutai Net Profit Jumps 19% on Stronger Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKweichow Moutai Net Profit Jumps 19% on Stronger Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 08:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Sherry Qin \n\n\n \n\n\n  Chinese liquor giant Kweichow Moutai is aiming for continuous sales growth in 2024, it said after posting a 19% rise in annual net profit on stronger sales. \n\n\n  China's most ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"600519","symbol_name":"贵州茅台","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424881740","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424881740","pubTimestamp":1712105580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Chinese liquor giant Kweichow Moutai is aiming for continuous sales growth in 2024, it said after posting a 19% rise in annual net profit on stronger sales.China's most valuable liquor brand said late Tuesday that its 2023 net profit came at 74.73 billion yuan , slightly higher than the company's guidance.Its operating revenue was CNY147.69 billion, up 19% from the previous year, which the company attributed to higher sales volume and changes in selling channels, among other reasons.For 2024, Moutai aims to grow total operating revenue 15% and make CNY6.179 billion in fixed asset investments.Moutai declared a dividend of CNY308.76 per 10 shares. It distributed a total of CNY56.55 billion in cash dividends in 2023, accounting for 75.67% of its annual net profit.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"600519":"贵州茅台"},"translate_title":"由于销售强劲，贵州茅台净利润跃升19%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600519":0.9},"content_text":"By Sherry Qin \n\n\n \n\n\n  Chinese liquor giant Kweichow Moutai is aiming for continuous sales growth in 2024, it said after posting a 19% rise in annual net profit on stronger sales. \n\n\n  China's most valuable liquor brand said late Tuesday that its 2023 net profit came at 74.73 billion yuan ($10.33 billion), slightly higher than the company's guidance. \n\n\n  Its operating revenue was CNY147.69 billion, up 19% from the previous year, which the company attributed to higher sales volume and changes in selling channels, among other reasons. \n\n\n  For 2024, Moutai aims to grow total operating revenue 15% and make CNY6.179 billion in fixed asset investments. \n\n\n  Moutai declared a dividend of CNY308.76 per 10 shares. It distributed a total of CNY56.55 billion in cash dividends in 2023, accounting for 75.67% of its annual net profit. \n\n\n \n\n\n  Write to Sherry Qin at sherry.qin@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2024 20:53 ET (00:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424881740"}