China's largest baijiu liquor producer by market value, Kweichow Moutai Co Ltd, is adding to its airport construction investment portfolio.
Chinese liquor maker Jiugui Liquor Co suspended its packaging lines on Tuesday after being hit by a plasticizer scandal.
Shares of scandal-tainted Chinese spirits producer Jiugui Liquor Co slid by the 10-percent daily limit by 11:30 am Tuesday, following reports of a production suspension.
A recent report that found liquor plasticiser levels to be more than 260% above the standard set by Jiugui Liquor Co Ltd has tarnished the company's image and sent waves through the industry.
An ongoing investigation has found no evidence that a domestic brand liquor has been intentionally using plasticizer in its products.
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.
China's high-end liquor makers are enjoying intoxicating profits, but facing a frustrated market partly due to vows to control spending on banquets.
A township government in South China's Guangdong province has broken from tradition by serving home brewed rice wine at government banquets.
Liquor producer Wuliangye Group recorded a net profit increase of nearly 90 percent in the third quarter, driven by price hikes and strong sales.
Net profit of Kweichow Moutai Co Ltd grew 58.62 percent year-on-year to 10.42 billion yuan ($1.67 billion) in the first three quarters, overtaking last year’s total net profit, according to the company’s third-quarter report.
The net profits of Kweichow Moutai Co surged 106.05 percent year-on-year to reach 3.42 billion yuan ($543.41 million) in the third quarter of 2012.
Authorities are cracking down on the manufacture and sale of counterfeit tegong liquor, a type of high-priced alcohol traditionally supplied exclusively to government organizations and other privileged groups.
Liquor maker Wuliangye Group Co Ltd said on Sunday that its third-quarter net profit is expected to increase nearly 90 percent, mainly driven by price hikes and strong sales.
Wuliangye Yibin Co Ltd on Sunday forecast a nearly 90 percent surge in net profits in the third quarter of the year over strong sales and price rises.
The price of some Fenjiu liquor products will rise by 20 percent on average, according to an announcement by Shanxi Xinghuacun Fenjiu Liquor Group on Oct 9.
Luzhou, a city in Sichuan province known for its time-honored liquor culture, held an investment conference on Sept 25 to draw visitors with quality Chinese liquor.
Kweichow Moutai Co, China's largest maker of baijiu liquor, posted the biggest gain in almost two years in Shanghai trading after saying it plans to raise prices.
The Chinese Liquor and Economic Development Forum was held by the China Alcoholic Drinks Association on August 8.
A forum for China’s liquor and economic development was held by the National Wine Association in Beijing on Aug 16.
Top liquor brand Wuliangye Yibin Co Ltd saw its half-year net profits rise 50.15 percent year-on-year.
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