Kweichow Moutai reports 16.53% increase in operating revenue in 2022


31st March 2023 – (Guiyang) China’s leading liquor maker, Kweichow Moutai, announced a significant increase in its operating revenue for 2022. The company reported that its revenue reached 127.6 billion yuan, which is about 18.57 billion U.S. dollars, marking a 16.53% increase from the previous year. This news comes as the company continues to experience strong demand for its products, both domestically and internationally.

In addition to its operating revenue, Kweichow Moutai also reported a significant increase in its net profit. The company stated that its net profit rose by 19.55% year on year, reaching 62.7 billion yuan for 2022. This rise in net profit is due to several factors, including increased sales volume and higher prices for the company’s products.

Kweichow Moutai is best known for its famous liquor, which is distilled in the town of Maotai in southwest China’s Guizhou Province. This liquor is often served at state banquets and is highly sought after by both consumers and investors alike. The company’s success is also due to its commitment to quality, innovation, and sustainability, which has helped it maintain a leading position in the market.