The market capitalisation of the world’s biggest liquor company is equal to roughly 85% of the 2016 GDP of its home province in China.
Caijing reports that Shanghai-listed Kweichow Moutai’s share price recently tapped a historic high of 799.06 yuan, lifting its market capitalisation to over 1 trillion yuan (USD$155.32 billion).
According to data from the statistics bureau of Guizhou province where Kweichow Moutai is headquartered, its 2016 GDP was 1.173 trillion yuan, meaning that the liquor giant’s market capitalisation is approximately 85% of Guizhou’s full year GDP.
Kweichow Moutai Company is a Shanghai-listed partially state-owned enterprise which specialises in the production and sale of Guizhou’s highly renowned Maotai liquor.
Since the listing of the company’s A-shares on the Shanghai Stock Exchange in 2001, the company has expanded into IT research and development, anti-counterfeiting technology as well as food and packaging materials.