Kuaijishan Shaoxing Rice Wine Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 28, 2019 at 05:59 am EDT
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Kuaijishan Shaoxing Rice Wine Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 760.905 million compared to CNY 782.815 million a year ago. Operating income was CNY 114.204 million compared to CNY 140.846 million a year ago. Net income was CNY 81.686 million compared to CNY 98.437 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.2 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 Companyâs 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.