日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Liquor industry

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: 日韩不卡中文字幕 | 欧美激情 亚洲 | 一区二区三区免费看 | 日本一级大毛片a一 | 精品天堂 | 亚洲天堂2016 | 动漫日批视频 | 欧美激情一区二区视频 | 91黄色免费版 | 日韩欧美在线观看 | 中文精品一区二区三区 | 999久久久| 久久国产一区二区三区 | 四虎在线精品 | 狠狠干快播 | 黄色a免费| 99久久国产免费 | 啪啪免费网 | 国产一区二区在线视频观看 | 日韩在线视频免费看 | 成人综合网址 | 久草免费在线视频观看 | 黄色裸体视频 | 国产人成一区二区三区影院 | 日韩欧美一区在线 | 欧美日韩在线免费 | 麻豆av网 | www.欧美视频| 亚洲天堂午夜 | 成人做爰www免费看视频网站 | 超碰天天 | 成年人在线观看视频网站 | 另类一区二区 | 一区二区三区三区在线 | 在线观看的av网站 | 成人羞羞国产免费图片 | 国产精品免费视频一区二区三区 | 亚洲成人毛片 | 自拍偷拍亚洲天堂 | 天天干天天操天天操 | 欧美区在线|