Stronger volume growth likely in FY22F ■ Moutai announced its key headline numbers for FY21. Total revenue grew by 11.2% yoy to Rmb109bn in FY21, and net profit rose by 11.3% yoy to Rmb52bn, in line with our expectations. The detailed results will be released on 31 Mar 2022.■ The Company has gradually adjusted its […]

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