Market Chatter: Kweichow Moutai Optimistic on Attaining 2024 Sales Growth Target

MT Newswires Live12-19

Kweichow Moutai (SHA:600519) could attain its 15% annual sales growth goal this year despite dismal consumer spending, Yicai Global reported, citing remarks by Chairman Zhang Deqin.

The Chinese liquor manufacturer's revenue jumped 17% year over year in the nine months ended Sept. 30 while profit grew 15% to 60.8 billion yuan, the report said.

Zhang said the company has established a relatively complete sales ecosystem comprising wholesale, e-commerce, retail, and direct sales channels, according to the report.

Kweichow Moutai will release its 2025 revenue growth target along with the 2024 year-end report, Yicai said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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