Shanxi Fen Wine Reports 49% Increase In Q3 Earnings

October 21 -- Shanxi Xinghuacun Fen Wine Factory (600809) reports its third quarter revenue and net profit respectively grew 27.93 percent and 49.01 percent year-on-year to 783 million yuan and 203 million yuan for earnings per share (EPS) of 0.47 yuan, reports caijing.com.cn, citing a company filing.

During that period, the company’s revenue and net profit grew 40.15 percent and 46.43 percent year-on-year to 2.39 billion yuan and 537 million yuan respectively. Through September 30, the company had 124 million yuan worth of accounts receivable, up 176.02 percent from the end of 2009.

On October 5, the company launched three new models under the Zhuyeqing brand, which is certified by the Ministry of Health as the only famous health wine brand in China.

Shanxi Xinghuacun Fen Wine plans to spend 100 million yuan on related advertising in 2011 and to realize total sales of 1.5 billion yuan in 2015.