(14-06-2012, 10:12 AM)portuser Wrote: I am puzzled by the 15% turnover decline in "Siwu" against the 30% growth nation-wide. Based on your experience, is it rational to allow a brand that accounted for 46% of FY 11 turnover to wither?
Based on the sgx link to the corporate presentation around page 9 it says Siwu spirit was acquired in 2005-2006. Meaning was the product originally from dukang? If not then was Siwu competition that they bought out?
Dukang Presentation
Also based on this other Link around page 2.
it says
Sales of the products under Luoyang Dukang regular series, representing 36.4% of the Group’s sales, improved by 21.0% yoy to RMB215.2 million for 3Q2012. This was achieved on the back of a 31.4% increase in sales volume and an 8.0% decrease in ASP.
Sales of the products under premium and regular series of Siwu brand were down by 10.4% to RMB58.6 million and 6.7% to RMB144.2 million, respectively, as the Group channeled more efforts towards the promotion of the Dukang brand.
buying out the competition?

