China's top liquor brand posts rising revenue in first three quarters

GUIYANG -- China's leading liquor maker Kweichow Moutai posted an operating revenue of around 103.27 billion yuan ($14.4 billion) in the first three quarters of 2023, up 18.48 percent year-on-year.

Its net profit rose 19.09 percent year on year to 52.88 billion yuan in this period, the company said in its quarterly report issued on Friday night.

This renowned liquor is distilled in the town of Maotai in Southwest China's Guizhou province.