Kuaijishan Shaoxing Rice Wine Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 15, 2021 at 04:16 am EDT
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Kuaijishan Shaoxing Rice Wine Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,108.216 million compared to CNY 1,171.037 million a year ago. Operating income was CNY 391.486 million compared to CNY 229.739 million a year ago. Net income was CNY 288.960 million compared to CNY 166.450 million a year ago. Basic earnings per share from continuing operations was CNY 0.6 compared to CNY 0.34 a year ago.
Kuaijishan Shaoxing Rice Wine Co., Ltd., formerly Kuaijishan Shaoxing Wine Co., Ltd. is a China-based company principally engaged in the Chinese spirit business. The Company mainly operates its business through research and development (R&D), production and sale of Shaoxing yellow spirits. The Company's products portfolio consists of midrange and high-end bottled Shaoxing yellow spirits, ordinary bottled Shaoxing yellow spirits and bottled Shaoxing yellow spirits base liquors, among others. The Company provides its products under the brand name of Kuajishan. It distributes its products within domestic market and to overseas markets, including Japan, Singapore, Hong Kong, Macau and others.