Grace Wine Holdings Limited provided earnings guidance for the year ended December 31, 2022. For the year, the group expected to record a profit before tax of not less than RMB 1.0 million, as compared to a profit before tax of approximately RMB 11.9 million for the year ended December 31, 2021. The performance is mainly attributable to a decrease in revenue due to the overall drop in sales volume of the Group's wine products as a result of the city-wide lockdown measures which have been imposed by the government to contain the resurgence of Coronavirus Disease 2019 in the People's Republic of China; and an increase in expenses.
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5-day change | 1st Jan Change | ||
0.135 HKD | 0.00% | -10.00% | -13.46% |
Apr. 05 | China's crowded wine market offers no lifeline for struggling global industry | RE |
Mar. 12 | Grace Wine Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-13.46% | 13.81M | |
+10.67% | 6.31B | |
+0.17% | 1.8B | |
-14.82% | 968M | |
+19.62% | 967M | |
-24.17% | 924M | |
+8.65% | 803M | |
+0.41% | 768M | |
+9.61% | 553M | |
+6.92% | 417M |
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