Citic Guoan Wine Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 23, 2020 at 04:27 am EDT
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Citic Guoan Wine CO.,LTD announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 65.181 million compared to CNY 165.083 million a year ago. Operating loss was CNY 37.672 million compared to CNY 2.330 million a year ago. Net loss was CNY 37.049 million compared to net income of CNY 1.399 million a year ago. Basic loss per share from continuing operations was CNY 0.033 compared to basic earnings per share from continuing operations of CNY 0.0012 a year ago.
CITIC Niya Wine Co Ltd, formerly Citic Guoan Wine Co Ltd, is a China-based company principally involved in grape cultivation, wine production and sales. The Company's grape varieties include Cabernet Sauvignon, Merlot, Chardonnay and Marselan, among others. Its wine brands mainly include NIYA, WEST REGION and SUNTIME, covering high-end wine, mid-to-low-end wine and original wine. The Company mainly conducts its businesses in Mainland China.
CITIC NIYA WINE CO., LTD. 
