Wuliangye Yibin 2011 Earnings Up 40%


The spirits maker plans a cash dividend of five yuan including tax for every 10 shares held. Sales of "Wuliangye" branded spirits climbed 26.84 percent year-on-year, with total sales revenues hitting 20.35 billion yuan in 2011, up 30.95 percent.

Liquor saleswere up 31.2 percent to 18.47 billion yuan, with gross profit margin of 71.45 percent, falling 3.18 percentage points.

High priced spirits contributed 14.1 billion yuan in sales, an increase of 29.31 percent from 2010 with a gross profit margin of 84.63 percent, while low-end spirits booked sales of 4.38 billion yuan, with a margin of 29.01 percent, down 7.15 percentage points from 2010.

In 2012, Wuliangye plans to further increase capacity and market share and accelerate reforms of its management system and marketing.


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