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: 2012-11-21 10:36

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 tons. 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: 久爱免费观看在线网站 | 亚洲一区免费观看 | 国产日韩欧美综合在线 | 国产日韩精品欧美一区喷 | 免费视频一区二区三区四区 | 日韩影院久久 | 国产男女交性视频播放免费bd | 8888奇米四色在线 | 国产一区二区精品久久凹凸 | 日韩色网站 | 99免费在线观看视频 | 成人免费视频一区二区 | 国产精品无码久久综合网 | 嫩模大尺度人体福利视频 | 成年女人毛片免费视频永久vip | 男女配种猛烈免费视频 | 三级韩国一区久久二区综合 | 日韩精品亚洲一级在线观看 | 欧美一级特黄高清免费 | 国产一二三区在线观看 | 国产综合视频在线观看一区 | 成年人免费大片 | 精品久久一区二区三区 | 国产高清在线精品 | 成人综合国产乱在线 | 香蕉成人国产精品免费看网站 | 亚洲一区在线视频观看 | 免费看又黄又爽又猛的网站 | 国产成人a福利在线观看 | 亚洲欧美一区二区三区不卡 | 一级aaaaaa毛片免费同男同女 | 看亚洲a级一级毛片 | 国产欧美日韩一区 | 91久久精品国产91久久性色也 | 久久精品www | 黄色三级在线 | 精品视频在线观看 | 一级做a爰片久久毛片美女 一级做a爰片久久毛片免费看 | 视频一区精品 | 久久免费视频8 | 久久成人动漫 |