Wuliangye H1 Net Profit Up 89.30% to 8.75 Billion Yuan, Spring Festival Peak Season Sales Boost Performance | Earnings Watch

Wuliangye achieved operating revenue of 28.417 billion yuan in the first half of the year, up 20.87% year-on-year; net profit attributable to shareholders of the listed company reached 8.753 billion yuan, up 89.30% year-on-year. The company clearly identified two driving factors in its report: first, a lower profit base in the same period last year, and second, effective sales promotion measures during the New Year and Spring Festival period, with core products performing well in the peak sales season.