(China Knowledge) - Chongqing Brewery Co Ltd sold 1 million kiloliters of beer last year, 2.11% more than in 2008, according to a statement filed with the Shanghai Stock Exchange.Net profit attributable to shareholders surged 10.91% year on year, hitting RMB 181 million, and operating revenue was RMB 2.26 billion, up 6.56% from a year earlier.
Earnings per share were RMB 0.37 and a dividend of RMB 0.3 per share will be paid.
In 2010, the brewery aims to sell 1.12 million kL to reap RMB 2.59 billion in operating revenue. Capital expenditure could reach RMB 1.49 billion.
In 1998, the brewery signed a cooperative agreement with nearby Third Military Medical University and is now engaged in the research and development of a Hepatitis B vaccine.
An analyst at BOC International (China) Ltd said that if the Hepatitis B vaccine project could push the brewery's annual sales revenue to RMB 2 billion in the next three years and RMB 10 billion in the next five years, sources reported.
About Chongqing Brewery
Chongqing Brewery Co. Ltd is a China-based company principally engaged in brewery and sale of beers. The Company provides Mc.ewan's series beer products, Chongqing Beer series products and Shancheng Beer series products, among others. The Company distributes its products primarily in Southwestern China, Central China and Eastern China. Source
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