Gu Yue Long Shan Shaoxing Ups Ex-factory Prices

September 27 -- Zhejiang Guyuelongshan Shaoxing Wine (600059) decided to raise the ex-factory price of its hand-made base wine by between 11 and 17 percent, effective on October 9, reports China Securities Journal.

On September 9, the company announced it will increase the ex-factory prices of high-end wine by about 10 percent.

In addition, the company lifted the ex-factory price of wine pots by between 8 percent and 9 percent on May 27, while the ex-factory price of standard bottled wine increased by between 6 percent and 9 percent on June 1.

According to a company filing, the company recorded a 31.25 percent year-on-year increase in first half net profit to 51.96 million yuan.