www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Dinner ban

Chinese liquor makers 'sober up' over bans

(Xinhua) Updated: 2012-11-20 09:53

BEIJING -- While China's high-end liquor makers are enjoying intoxicating profits, they face a frustrated stock market partly due to government vows to control official spending on banquets.

Stock dips swept the liquor sector listed on China's Shanghai and Shenzhen Stock Exchanges on Monday, sparing only a few.

Kweichow Moutai, Wuliangye and Luzhoulaojiao saw stocks tumble by 4.6, 5.8 and 6.1 percent respectively as of the end of trading.

Declines in other renowned liquor brands meant the sector suffered one of the biggest plummets seen in China's stock market on Monday.

The net profits of Kweichow Moutai surged 106.05 percent year-on-year to reach 3.42 billion yuan ($543.41 million) in the third quarter of 2012.

Wuliangye Group, a major competitor of Moutai, also recorded a net profit increase of nearly 90 percent in the third quarter, which the company attributed to price hikes and strong sales.

However, Moutai has gone through a string of price drops this year that have taken its average bottle price to around 1,500 yuan from about 2,300 yuan at the beginning of 2012.

It is said that Moutai's inventory has topped 20,000 tonnes. Industry insiders believe that unconfirmed information moved some dealers to lower prices in order to destock and cash in.

Moutai's wholesale price may drop below 1,200 yuan by next May or June, Tie Li, an liquor expert told Securities Daily.

A dealer in downtown Beijing, who declined to be identified, said that government restrictions on official consumption of high-end liquor have dampened sales.

Amid downturn worries, Chinese liquor makers tend to spend hundreds of millions on commercials to woo more hard-to-please drinkers.

Moutai spent 352 million yuan and Wuliangye 499 million to seize ad slots before flagship evening news shows when bidding opened on Sunday for right to advertise on CCTV, China's state-run television, in 2013.

Moutai, Wuliangye, Jiannanchun and Fenjiu spent a total of 1.72 billion yuan for commercials on CCTV in the bidding.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品三级国语在线看 | 美女张开腿让男人桶爽动漫视频 | 亚洲男女视频 | 国产99网站| 手机看片成人 | 手机看片1024精品日韩 | 中国二级毛片 | 国产成人免费永久播放视频平台 | 欧美一级毛片兔费播放 | 国产伦一区二区三区四区久久 | 黄色网址免费在线 | 亚洲国产精品看片在线观看 | 老人久久www免费人成看片 | 狠狠色噜噜狠狠狠米奇9999 | 成年人黄视频在线观看 | 国产精品综合一区二区 | 亚洲日本久久一区二区va | 黄色国产在线观看 | a级毛片毛片免费观看久潮喷 | 国产91综合| 日韩欧美精品综合一区二区三区 | 亚洲精品成人一区 | 久久日本三级韩国三级 | 中文字幕在线视频网站 | 亚洲手机在线观看 | 99爱视频在线观看 | 欧美激情国产一区在线不卡 | 欧美一级高清片欧美国产欧美 | 亚洲男人的天堂在线视频 | 成年人免费观看的视频 | 欧美一线不卡在线播放 | 国产精品亚欧美一区二区三区 | 欧美在线a| 久久黄色影片 | 亚洲国产一区二区三区最新 | 秘书高跟黑色丝袜国产91在线 | 日本免费高清一区 | 日本欧美一区二区三区不卡视频 | 亚洲国产精品久久久久 | 精品久久久久久久久久香蕉 | 日韩欧美精品一区二区三区 |