Shenzhen-listed Wuliangye on Aug 20 said that its first-half sales revenue was 15.05 billion yuan ($2.37 billion), surging 42.05 percent year on year.
Chinese liquor maker Wuliangye Group is set to accelerate its M&A activities, in a move to further deepen its presence in the domestic market.
Kweichow Moutai Co Ltd's net profit in the first half of 2012 surged 42.56 percent to 7 billion yuan ($1.1 billion) year-on-year.
Moutai saw its output reach 24,000 tons in the first half of 2012, up 15.3 percent year-on-year.
A nationwide Moutai-flavor liquor retailing chain was officially launched on Monday in Beijing, which will establish direct sales channels for distillers.
Moutai tops China's liquor brand list. Its history can be traced back to the Han dynasty. Made by China Kweichow Moutai Distiller Co Ltd.
Kuichaw Moutai Co Ltd has not disclosed information on its sales network, outlets and the amount of baijiu it supplies.
Wuliangye Yibin Co Ltd, one of China's top liquor brands, saw its net profit rise 46.54 percent year on year in the first three months.
Fake Moutai at most accounts for 5 percent of the famous liquor's total sales, said Ji Keliang, honorary chairman of Kuichaw Moutai Co Ltd, refuting media reports saying that 90 percent of Moutai liquor circulating in the market was fake.
Kweichow Moutai (Moutai), a top baijiu (Chinese rice wine) producer in China, net a profit of 8.76 billion yuan ($1.39 billion) in 2011, attaining a year-on-year growth of 73.49 percent, according to a company annual released Tuesday night, the Beijing News reported Thursday.
Fine liquor has become a rising star in China's investment market.
Liquor stocks in the A-share market plummeted by 2.18 percent on Tuesday, a day after China’s State Council announced further belt-tightening efforts in “the three official consumptions” at the Fifth Conference Against Corruption, Beijing News reported Wednesday.
The 2012 Expo of Chinese Liquor Golden Triangle kicked off in the city of Luzhou in Southwest China’s Sichuan province on March 22.
To drink, or not to drink Moutai, that is the question.
Tang Qiao, CEO of Wuliangye Group, said the company is going to strengthen its capacity for annual production and do more to explore the overseas market.
Having built a reputation as China's top liquor brand, Moutai is now aiming to become a world-famous drink.
"My job is tasting and blending baijiu (white spirit) for clients," said Fu, the youngest spirit master in Maotai town in Renhuai in Southwest China's Guizhou province.
Kweichow Moutai Distillery Co, which makes baijiu, China's most famous white spirit, is a little miffed about its status as a luxury brand.
Kweichow Moutai Co, China's most prestigious white liquor producer, said Tuesday that its 2011 preliminary net profit will rise more than 65 percent year-on-year.
A Shanghai legislator has proposed to prohibit Moutai, arguably China's most renowned liquor, from being served at government dinners.
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