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: 91成人午夜性a一级毛片 | 美女张开腿给男生桶下面视频 | 亚洲伊人色一综合网 | 亚洲国产伦理 | a三级黄色片 | 伊在人亚洲香蕉精品区 | 草草视频手机在线观看视频 | 国产欧美精品区一区二区三区 | 成人免费一级毛片在线播放视频 | 欧美怡红院在线 | 免费日韩在线视频 | 久久国产片 | 亚洲欧美视频一区 | 亚洲国产精品综合欧美 | 日本三级韩国三级在线观看a级 | 国产日本欧美亚洲精品视 | 精品久久久久久国产免费了 | 欧美视频一区在线观看 | 亚洲精品毛片久久久久久久 | 狠狠色噜狠狠狠狠色综合久 | 深夜在线观看大尺度 | 国产成人免费片在线视频观看 | 香港aa三级久久三级 | 亚洲欧美日韩色 | 毛片一级在线观看 | 操操综合 | 男女上下爽无遮挡午夜免费视频 | 成人免费国产欧美日韩你懂的 | 五月激激激综合网色播免费 | 在线观看亚洲专区 | 女人扒开腿让男人捅啪啪 | 中国美女乱淫免费看视频 | 久久不见久久见免费影院 | 国产不卡毛片 | 欧美69精品国产成人 | 白云精品视频国产专区 | 中文字幕日韩一区二区不卡 | 亚洲欧美国产精品专区久久 | 国产精品久久久久网站 | 亚洲欧美日韩国产精品久久 | 三上悠亚免费一区二区在线 |