China's top liquor brand reports 10.2 pct profit surge in 2024

NAMPA / Xinhua

2025-01-15

GUIYANG, Jan. 15 (Xinhua) -- Kweichow Moutai, China's leading liquor producer, reported profits exceeding 120.7 billion yuan (about 16.79 billion U.S. dollars) in 2024, up 10.2 percent year on year. The company's revenue climbed 13.3 percent year on year to reach 187.19 billion yuan, according to a report released on Tuesday evening. Moutai also emphasized its strong focus on innovation, with research and development (R&D) spending rising 1......

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