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Kweichow Moutai Growth Declines on Slow Deliveries CHINA DAILY Tuesday, October 30, 2018 BUSINESS 17 Kweichow Moutai growth Execs optimistic on import expo By WANG YING in Shanghai products, their know-how, “Shanghai has become a [email protected] and how interesting they are vital center for advanced as a company,” said Brian technology leadership — for Top multinational corpora- Duperreault, president, CEO ABB and the world ... We will tions’ executives have and director of finance cor- make full use of the city’s declines on slow deliveries expressed their enthusiasm poration American Interna- existing advantages and for the first China Internation- tional Group Inc. make clear the main challen- al Import Expo set to launch According to Severin ges facing Shanghai, focus Share price of on Nov 5, as part of the nation’s Schwan, CEO of Roche Group, support policies on measures efforts to expand opening-up. the pharmaceuticals giant that can address the challen- liquor maker slips While attending the 30th will showcase its cutting-edge ges, and develop specific but consumption International Business Lead- technology at the import plans and solutions,” Spies- ers’ Advisory Council, held expo, covering early research shofer said, explaining the upgrades to buoy annually in Shanghai, busi- and development, integrated company’s rationale. ness leaders said they are diagnosis and treatment solu- “We are not only seeing future prospects optimistic about China’s tions, and personalised progress in Shanghai’s reform opening-up policy and new healthcare offerings. and opening-up, but we at By ZHU WENQIAN in Beijing opportunities. Roche are taking an active role and YANG JUN in Guiyang “The import expo is in the development of China’s unprecedented in China for biomedical industry. Roche Kweichow Moutai Co Ltd, sure, and it really sends a sig- 100,00 will fully leverage its global China’s signature high-end nal to the global community units experience and expertise in spirit maker, reported slower that China is very open and biotechnology to support profit growth in the third willing to have imports, annual production capacity Shanghai’s continued evolu- quarter, as lower deliveries which is obviously very of ABB’s new robot factory tion, and will work closely and an overall market slow- important in today’s environ- in Shanghai with the Shanghai govern- down had dampened growth. ment,” said Mark Weinber- ment to continue to contrib- Sales totaled 18.85 billion Kweichow Moutai employees work on an assembly line in Renhuai, Guizhou province. ger, global chairman and ute to the development of the yuan ($2.71 billion) in the third YANG JUN / CHINA DAILY CEO of professional services Roche is committed to city’s brand,” Schwan said. quarter, up 3.82 percent year- firm EY, and the advisory helping Shanghai position “The further opening-up of on-year, and net profit reached 690 billion yuan. as the sector’s cycle returns pessimism, there will likely council’s chairman. itself as a medical hub for China ... This is very impor- 8.97 billion yuan in the period, Earlier this year, Moutai, a from the significant growth emerge some good opportuni- “We believe that the upcom- Asia, and is constantly con- tant for the future develop- edging up 2.71 percent year- distiller from Maotai in South- achieved in 2017 and 2018. ties for new investments,” it ing first China International tributing to the long-term ment of business, foreign on-year, according to the com- west China’s Guizhou province, Yet, market demand said. Import Expo will explore growth of China’s healthcare business in China. So I have pany’s latest earnings report. became the first consumer remains robust, and the ongo- Li Baofang, chairman of more opportunities to sector, Schwan added. good hope for the future,” The results marked Mout- stock to achieve a market value ing consumption upgrade Moutai, said earlier the compa- enhance global trade, invest- Their optimism about the said Duperreault. ai’s slowest quarterly growth of over 1 trillion yuan during trend will not change, mean- ny predicts whole-year sales ment and strategic collabora- event is based on the contin- This year’s International since 2012. trading. ing it is unlikely that Moutai’s revenue of 90 billion yuan for tion activities, especially in ued efforts from Shanghai’s Business Leaders’ Advisory In the first three quarters of On Monday, the Shanghai prices will plunge in the near 2018. Next year, it expects to areas such as the development municipal government, and Council is special as it is the the year, the company achieved and Shenzhen stock exchanges future, BOC said. achieve sales revenue of 100 of utility services, industrial the nation as a whole, in 30th anniversary of the first sales revenue of 52.24 billion both saw lukewarm perform- “In September, Moutai billion yuan. automation, transportation, embracing the world’s goods event in 1989, while 2018 also yuan, jumping 23.07 percent ances, while the liquor sector liquor deliveries were lower A 500 milliliter bottle of artificial intelligence, smart and services with open arms. marks the 40th anniversary year-on-year. The company’s saw a sharp decline. Moutai than expected, resulting in Moutai’s classic Feitian 53 per- cities and electric vehicles,” ABB said on Saturday it of China’s reform and open- net profit reached 24.73 billion rivals Wuliangye Yibin Co Ltd slower performance growth, cent liquor that left the factory said Ulrich Spiesshofer, CEO will invest $150 million in ing up. yuan, expanding 23.77 percent and Gujing Group, among oth- indicating that the company in 2015 now carries a price tag of automation conglomerate Shanghai to build its latest With this year’s theme of on last year. ers, saw their shares slump by tends to keep its product prices of 2,299 yuan on online shop- ABB Group. robotics factory under the New Era, New Start, New Shanghai-listed Moutai the daily limit of 10 percent. stable,” the bank said. ping platform JD. In July, the “I would guess all compa- theme of robots making Action, the event has invited dropped to 549.09 yuan per Investment bank BOC Inter- “The slower sales perform- same product retailed for 2,388 nies that I am engaged in are robots. With a production the advisory council’s mem- share to close 10 percent low- national (China) Co Ltd said ance could lead to concern yuan. involved in one way or anoth- capacity of 100,000 industri- bers to contribute their high- er in Monday trading, hitting that from 2019 to 2020, the among investors. Moutai’s val- er. I think they all consider al and service-function level perspective on how the daily limit. The compa- overall growth rate of the ue has dropped to a relatively Contact the writers at zhuw- this to be a very important robots a year, it will supply Shanghai can continue to ny’s valuation now stands at liquor sector in China will slow, low level, and after a period of [email protected] opportunity to display their robots to the global markets. open up in the new context. er its Hong Kong-traded through March 31, 2018. shares plunged 36 percent Hillhouse, founded by Hillhouse seeking billions of dollars for China stocks this year. Zhang with money from the Alibaba Group Holding Yale University endowment, Hillhouse Capital Manage- split between its flagship Gaol- since peaking in late January among Chinese stocks com- Index end down 2.2 percent Ltd, another company that can invest globally from its ment Ltd is seeking to raise ing Fund and the Hillhouse and now trades at just 12 times pelling. State Street Global at 2542.10 and the Hang Hillhouse has invested in, is offices in Beijing, Hong Kong, billions of dollars to invest in China Value fund, said one of earnings, compared with a Advisors said the nation’s Seng Index rose 0.38 per- down 17 percent this year in Singapore and the US. beaten-down Chinese stocks the people, who asked not to ratio of 16 for the S&P 500, banks offer return-on-equity cent, or 94.41 points, to New York. At the end of Sep- Its investors are dominated after this year’s market rout, be named discussing private data compiled by Bloomberg levels as high as any other seg- 24812.04. tember, Hillhouse owned by North American endow- according to people with information. The overall fun- show. ment in emerging markets, Tencent Holdings Ltd, almost twice as many shares ment and pension funds, and knowledge of the firm’s delib- draising amount could A New York-based spokes- according to a recent analysis which counts Hillhouse as a in the Chinese e-commerce it periodically returns some of erations. change, according to the peo- man for Hillhouse declined to from Olivia Engel, chief invest- long-time backer and strate- giant as it did a year ago, data investors’ capital to maintain Zhang Lei’s more than $50 ple. comment. ment officer of active quanti- gic partner, is trading below compiled by Bloomberg returns. billion investment firm may The Shanghai Composite Hillhouse isn’t alone in find- tative equity. its 10-year average price-to- show. It more than halved its raise about $4 billion to be Index has tumbled 28 percent ing some of the valuations The Shanghai Composite estimated earnings ratio, aft- holdings in the six months BLOOMBERG Daily Stock Market Performance GainersGainers and andLosers Losers International Stock Markets Daily YTD Daily Daily Daily YTD % Chg Index Close % Chg % Chg GAINERS Close % Chg LOSERS Close % Chg Close % Chg –20% 0% +20% Shanghai Stock Exchange Composite Index 2542.10 –2.2 –23.1 Hang Seng Index 24,812.04 0.4 3600 Shanghai Stock Exchange Lionco
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