On the evening of October 27, Wuliangye Yibin Co.,Ltd. (SZ: 000858) announced that its third-quarter revenue was 4.442 billion yuan, down 37.68% year-on-year, and its net profit was 958 million yuan, down 48.25% year-on-year.
For the first three quarters, revenue reached 32.858 billion yuan, up 7.25% year-on-year, while net profit totaled 9.711 billion yuan, up 49.98% year-on-year.
The announcement stated that the decline in third-quarter performance was mainly due to weak market demand, which led to lower sales of the company's related products and a year-on-year drop in revenue and profit. The growth in net profit for the first three quarters was mainly attributable to the low profit base in the same period last year, effective sales promotion measures taken during the Yuanchun period, and strong sales momentum of core products during the peak sales season.
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Wuliangye Q3 Net Profit Attributable to Parent Falls 48.25% to 958 Million Yuan
Deep News10-27 18:40
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