China Liquor Giant Moutai Sees Annual Revenue Growth Slow
Kweichow Moutai Co. reported slower revenue growth in 2024 as the Chinese liquor maker tightened inventory controls to address the price volatility of its flagship spirit.
Revenue rose 16% last year to 174 billion yuan ($23.9 billion), compared with an increase of 18% in 2023 and 17% in 2022. Net income rose 15% to 86 billion yuan. In the latest guidance for 2025, Moutai said it aimed to achieve about 9% growth in revenue, according to the earnings statement.
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