Wuliangye Yibin Co. Ltd, a China-based liquor manufacturer, announced that its net profit for the first half of this year amounted to RMB 1.308 billion, representing a robust increment of 14.22% year-on-year.

According the company's filing with the Shenzhen Stock Exchange, its operation income amounted to RMB 4.597 billion during the Jan.-Jun. period, up 5.86% compared with the same period of last year.

The Yibin-headquartered company sold about 43,500 tons of liquor under the brand name "Wuliangye", representing a year-on-year decrease of 24.08%.

The company ascribed the favorable financial results to the adjustment of its product structure and the efficient market-oriented strategy, which attaches great importance to the sales of high and mid-end products.

The company's shares fell 4.19% to close at RMB 18.3 in Shenzhen today.