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 / Policy Watch

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: 黄色美女网站免费看 | 成人亚洲国产综合精品91 | 激情一区二区三区成人 | 国产精品国产亚洲精品看不卡 | 1024国产欧美日韩精品 | 91国在线啪精品一区 | 一级特级毛片 | 久久 精品 一区二区 | 一区二区三区日本视频 | 日本性色 | 亚洲精品久久久久午夜三 | a国产片 | 欧美一级特黄高清免费 | 欧美国产成人免费观看永久视频 | 成人欧美 | 中文字幕一区二区三区免费视频 | 久久91亚洲精品中文字幕 | 中文字幕一区二区三区在线观看 | 婷婷的久久五月综合先锋影音 | 成年女人毛片免费观看中文w | 久久手机免费视频 | 欧美一区二区三区视视频 | 欧美亚洲国产精品久久久久 | 欧美成人性色xxxxx视频大 | 亚洲精品天堂自在久久77 | 亚洲精品国产字幕久久不卡 | 亚洲美女福利视频在线 | 成人在线免费观看 | 玖草资源在线 | 九九视频在线免费观看 | 亚洲国产精品综合久久网络 | 九九免费精品视频在这里 | 精品视频在线看 | 亚洲视频在线观看视频 | 丝袜精品 欧美 亚洲 自拍 | 真实偷清晰对白在线视频 | 精品国产夜色在线 | 成人爽爽大片在线观看 | 欧美做爰免费大片在线观看 | 久久国产精品免费视频 | 精品久久久久国产免费 |