China's top liquor brand targets 10.5-pct revenue growth for 2021

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China's leading liquor maker Kweichow Moutai has set its revenue growth target for 2021 at around 10.5 percent compared with last year, the company said on Wednesday.

The liquor brand saw its revenue rise by 11.1 percent year on year to over 94.9 billion yuan (around 14.45 billion U.S. dollars) in 2020 with its net profit increasing by 13.33 percent year on year to nearly 46.7 billion yuan, the company said in its annual report filed to the Shanghai Stock Exchange.

Distilled in the town of Maotai in southwest China's Guizhou Province, this famed liquor is often served at state banquets.

 

Email: lansuying@nbd.com.cn

Editor: Lan Suying