âDespite the first quarter being a lull period for the baijiu business, we managed to kick off our third year of offering Dukang baijiu with 67.6% and 74.7% improvement in sales and net profit in our first quarter.â -- CEO.
Very solid set of results, with expansion in GP margin as well.
That's a big question mark. Just have to watch out PRC companies that does not payout. Instead it use the same reason of company is in growth stage. But does one knows the real money are there not? Remember HongXing case and too many of PRC does not payout previously when into trouble? I will rather stay in Singapore or HK stocks that have better expose to China market, than investing into S-Chips.
Dukang Distillers past few years business looks exciting, but, but, but, where are the real money. It's any other S-chip. I also rather stay in Singapore or HK stocks that have better expose to China market, than investing into S-Chips.
Beware the F&B business in China. Read on anf goof luck, gals n guys....
Dukang Distillers / Bai Jiu: The baijiu industry has suffered a major setback after plasticizers were allegedly found in almost all brands of the liquor. On Monday, shares in the Shenzhen-listed Jiugui Liquor Co, a large baijiu manufacturer based in Hunan province, were suspended from trade after business news website 21cbh.com reported the co's products were found to contain excessive plasticizers. Authorities in yesterday responded that an investigation has been launched to understand if there is any illegal activity involved in the baijiu-making processes. Plasticizers are toxic chemicals that can cause damage to men's reproductive health and cause female precocious puberty when consumed over a long period of time, among other maladies. Following the revelations, Chinese baijiu shares have slumped 5.87%, about Rmb33b (US$529m) in market value. Even though stocks recovered slightly yesterday, the baijiu market is still facing a crisis, according to a mainland news service.