Kweichow Moutai Sees Earnings Beat for 2022

What’s new: Chinese liquor giant Kweichow Moutai Co. Ltd. (600519.SH) is expecting a 19.3% increase in net profit attributable to shareholders this year to around 62.6 billion yuan ($9 billion), higher than 2021’s 12.3% growth, according to a Thursday exchange filing.

The profit growth is above analysts’ average forecast of 18.8%, according to data from iFinD, a market intelligence provider. Moutai said its 2022 revenue would grow 16.2%, higher than last year’s 11.7%.