日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Moutai eyes tonic liquor market

By CHEN MEILING in Beijing and YANG JUN in Guiyang | China Daily | Updated: 2017-05-05 08:00

Moutai eyes tonic liquor market

The production line of Kweichow Moutai Co in Renhuai, Guizhou province. YANG JUN / CHINA DAILY

Chinese liquor giant Kweichow Moutai Co plans to expand into the health tonic liquor market by partnering with Xiuzheng Pharmaceutical Group.

The two companies have signed a strategic partnership agreement to start cooperation production and sale of the liquor. The two companies also plan to set up a joint venture.

Moutai Chairman Yuan Renguo said health tonic liquor was a major new business of the company during the 13th Five-Year Plan (2016-20), in response to surging demand for health related products.

Health tonic liquor is a transparent medicated liquid obtained by using wine as a solvent to soak out the effective components of herbs or animals which can reinforce body fluid and nourish the blood.

Moutai's revenue reached 13.31 billion yuan ($1.93 billion) in the first quarter of 2017, up 33.24 percent year-on-year. Its share price moved above 400 yuan a share in April.

The company established its health tonic liquor unit in 2005. However it only has a single digit market share currently, compared with leading brand Jing Brand Co Ltd, which had a 40 percent of the market last year, according to a report conducted by Xiuzheng Pharmaceutical Group.

The Xiuzheng's report said the value of the health tonic liquor market was expected to exceed 44 billion yuan by 2020, with an estimated annual growth of 15 percent.

Founded in 1995, Xiluzheng ranked third in 2015 among the top 100 Chinese pharmaceutical companies with total assets of 17 billion yuan, according to data from the Ministry of Industry and Information Technology of China, released last year.

The company began to develop health tonic liquor in 2002 and the business reaped about 54 million yuan per year in sales, the report said.

"The share of resources between two major companies in the baijiu and pharmaceutical industries will be a typical example of cross-industry cooperation," said Xiuzheng Pharmaceutical Chairman Xiu Laigui.

Wang Qi, deputy executive director of the China Alcoholic Drinks Association, said health tonic liquor could be a new growth engine for the liquor industry.

China's health tonic liquor market grew 8 percent to reach 24 billion yuan in the first three quarters of last year, according to data from the association.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 全球av在线 | 六月综合网| 成人免费毛片xxx | 久久草网站 | 久热综合 | 在线国产一区二区 | 国产亚洲激情 | 久久久激情视频 | 欧美激情午夜 | 中文字幕精品无 | 国产成人91 | 日韩精品欧美精品 | 免费污片在线观看 | 国产精品入口夜色视频大尺度 | 国产又黄又粗又猛又爽的 | 在线免费国产视频 | 天天超碰 | 99视频+国产日韩欧美 | 中文字幕在线观看你懂的 | 青青青草视频 | 九九九久久 | 国产特级毛片 | 国产精品乱码一区二区视频 | 欧美自拍一区 | 国产精品久久影视 | 羞羞答答影院 | 中国精品一区二区 | 在线欧美日韩 | 国产成人一区二区 | 经典三级av在线 | 国产精品美女在线观看 | www.欧美在线观看 | 欧美三区视频 | 国产激情视频在线播放 | av色哟哟 | 国产一区二区免费 | 成人黄网免费观看视频 | 欧美成人精品欧美一级 | 精品91视频| 欧美中文 | 成年人不懂如何谈恋爱免费观看 |