China Hunan Xiangquan Group Co. Ltd.

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China Hunan Xiangquan Group Co.,Ltd is located in the west of Hunan Province, adjoining to the scenery spot Zhangjiajie. It's a national large enterprise. The Xiangquan Group consists of 4 companies. Under its jurisdiction there are 32 economic entities including 2 holding companies, 6 branches, a leasing company, 3 research institutes, press, Xiangquan wine Culture Museum, arts group, personnel training center and five star hotels. |
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| The Group has a work force of 4000 and an area of 1.2 million square meters with total assets of 1.5 billion Yuan. Its business includes the Elegant Sot Wine, Xiangquang wine, beer, Chinese ceramic, starch, medicines, feeds, color printing, package, tourism, etc. |
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| The production capacities are 1,000 tons of Xiangquan wine, 1,000Sot Wine, 3,000 tons of beer, 1,000 tons of alcohol, 20 million pieces of packages and ceramics, 5000 tons of starch, 100 tons of soap and 40 million yuan of color printing. |
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he Xiangquan Group centers on wine production and expands its business scope to many fields so as to increase its total assets. Recently the group develops rapidly. In 1995, the group industrial value is up to 135 million yuan, sales revenue is 334 million yuan, tax and profit reached up to 135 million Yuan. |
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In 1996, the group industrial value is up to 203 million yuan, sales revenue is 538 million yuan, tax and profit reached up to 238 million Yuan, an increase of 50.4%, 61.6%, 76.1 respectively as compared to last year. The group's " Xiang Sot" stock has a good performance at the Shenzhen Stock Exchange, and in 1997 its yield is ranked No. 1. |

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| Recently the company imports advanced equipment and technology to develop the new products and to conduct reforms. The new products are the 46% V/V Elegant Sot Wine and the Special 52% V/V Xiangquan Wine. The company's goal is the sales revenue of 500 million yuan, tax and profits of 120 million yuan and total assets of 600 million in the year of 2000. |
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The company is the financial pillar of Hunan province. Mr . Wang Xibing, the president of the company, has been chosen Hunan's topnotch enterpreneur and reformer, a Chinese light industry modern worker and the deputy to the 8th National People's Congress. |
Email:booking@ cbw.com
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