date:Apr 03, 2013
Leading Chinese liquor producer Kweichow Moutai Co has posted surging but slower net profits growth for 2012.
The company's net profits increased 51.86 percent year on year to 13.31 billion yuan ($2.12 billion) last year, according to an annual financial report filed with the Shanghai Stock Exchange on Friday.
The growth rate is eye-catching but still much lower than the 73.49-percent increase seen in 2011, partly due to relatively weakened demand, affected by the central government's stricter