{"id":4608,"date":"2023-10-23T12:42:16","date_gmt":"2023-10-23T12:42:16","guid":{"rendered":"https:\/\/borrowaccelerated.com\/investment\/kweichow-moutai-posts-16-rise-in-third-quarter-profit\/"},"modified":"2023-10-23T12:42:16","modified_gmt":"2023-10-23T12:42:16","slug":"kweichow-moutai-posts-16-rise-in-third-quarter-profit","status":"publish","type":"post","link":"https:\/\/borrowaccelerated.com\/?p=4608","title":{"rendered":"Kweichow Moutai Posts 16% Rise in Third-Quarter Profit"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231022-701112\" role=\"document\">\n<p>By Sherry Qin<\/p>\n<pre><\/pre>\n<p>Chinese liquor maker Kweichow Moutai posted a 16% on-year rise in net profit for the third quarter, driven by strong revenue growth.<\/p>\n<p>Net profit rose to 16.90 billion yuan ($2.31 billion) in the quarter, compared with CNY14.61 billion in the same period a year earlier, the company said late Friday. That compared with the 21% increase recorded in the first half of the year.<\/p>\n<div class=\"paywall\">\n<p>Revenue climbed 14% to CNY33.69 billion during the third quarter.<\/p>\n<p>The results put Moutai&#8217;s year-to-date revenue at CNY103.27 billion, up 18% from a year earlier. That marks the first time that nine-month revenue has surpassed CNY100 billion.<\/p>\n<p>Core brand sales reached CNY87.27 billion in the first nine months of the year.<\/p>\n<pre><\/pre>\n<p>Write to Sherry Qin at sherry.qin@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/kweichow-moutai-posts-16-rise-in-third-quarter-profit-1468df8c?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sherry Qin Chinese liquor maker Kweichow Moutai posted a 16% on-year rise in net profit for the third quarter, driven by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-4608","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kweichow Moutai Posts 16% Rise in Third-Quarter Profit | Borrow Accelerated<\/title>\n<meta name=\"description\" content=\"By Sherry Qin Chinese liquor maker Kweichow Moutai posted a 16% on-year rise in net profit for the third quarter, driven by strong revenue growth. 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