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Kweichow Moutai sees first fall in revenue, profit amid corruption crusade
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Kweichow Moutai sees first fall in revenue, profit amid corruption crusade
Kweichow Moutai, the leading manufacturer of Chinese hard liquor baijiu, has reported the first simultaneous decline in both revenue and net profit since it listed its shares in 2001, likely reflecting a squeeze on official banquets under Chinese President Xi Jinping’s campaigns against corruption and extravagance. In a disclosure to the Shanghai Stock Exchange, the company said its annual revenue for 2025 came to RMB 168.83 billion (USD 24.7 bi…
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