Jan 10, 2023 10:27 AM (GMT+8) · EqualOcean
Yan Jiang, Vice President and CFO of liquor producer Kweichow Moutai Co., Ltd. (Chinese: 贵州茅台酒股份有限公司, SH:600519), said on the company's quarterly earnings release held on January 9, 2023, that according to preliminary calculation, the company expects to achieve total revenue of CNY 127.2 billion (USD 18.82 billion) in Fiscal Year 2022, an increase of about 16.2% year-on-year. And it expects to achieve a net profit attributable to shareholders of around CNY 62.6 billion, an increase of about 19.33% year over year, which exceeded the goal of 15% revenue growth proposed by Xiongjun Ding, Chairman of Kweichow Moutai. As of September 30, 2022, CNY 8.462 billion of revenue was achieved via the "iMaotai" app, a new e-commerce platform developed by the company and launched on March 31, 2022.