China liquor maker Wuliangye net profit up 38 pct in 2018
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

China's leading liquor producer Wuliangye Yibin Co., Ltd. saw net profit rise 38.4 percent year-on-year in 2018 mainly due to sales growth and cost cuts.

In its 2018 financial results filed to the Shenzhen Stock Exchange, Wuliangye said it reaped a net profit of 13.4 billion yuan (2 billion U.S. dollars) last year.

Its revenue rose 32.6 percent year-on-year to 40 billion yuan mainly due to sales growth and price hikes, the company said.

The revenue growth beat its 26 percent target set for 2018, it said.

Wuliangye set a revenue target of 50 billion yuan, an annual growth of 25 percent, for 2019.

Shares of Wuliangye closed the morning trade up 3.75 percent at 91.28 yuan on Thursday in Shenzhen.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan