Kweichow Moutai Co.,Ltd.’s Net Profit Rose 19.9% in First Quarter of 2023

Kweichow Moutai Co.,Ltd. (贵州茅台酒股份有限公司) (600519.SH) reported a net profit of 21.5 billion yuan in the first quarter of 2023, up 19.9% year-on-year.

Meanwhile, the company posted 38.8 billion yuan in revenue, up 18.7% year-on-year.

At the end of the reporting period, it had 258.4 billion yuan in total assets and 31.9 billion yuan in total liabilities, with a liability-to-asset ratio of 12.4%.