China's alcohol-making industry posts strong profit growth in 2020
BEIJING, Feb. 28 (Xinhua) -- China's major alcohol companies saw profits rise 11.7 percent year on year to 179.2 billion yuan (about 27.69 billion U.S. dollars) in 2020, according to data by the Ministry of Industry and Information Technology.
During the same period, the major alcohol-makers reported total revenue of 835.33 billion yuan, up 1.4 percent from a year earlier, the ministry said.
Major distilleries saw the output of Chinese Baijiu (distilled spirits) reach 7.41 million kiloliters last year, down 2.5 percent year on year.
The output of breweries fell 7 percent year on year, while that of wine-making companies dropped 6.1 percent year on year in the same period.
Major alcohol companies are those with annual revenues of more than 20 million yuan.
[ Editor: WXL ]
More From Guangming Online
Medics from Fujian leave for Shanghai to aid in battle against COVID-19 resurgence
New int'l land-sea transport service to Indo-China Peninsula launched
Another makeshift hospital under construction in Shanghai
Tourists view tulips in Suiping County, Henan
In pics: blooming gagea flowers on grassland in Zhaosu, Xinjiang
Greek workers stage 24-hour general strike over high prices