Grace Wine Holdings Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 25.37 million compared to CNY 15.74 million a year ago. Net income was CNY 6.76 million compared to CNY 1.79 million a year ago.

Basic earnings per share from continuing operations was CNY 0.0084 compared to CNY 0.0022 a year ago.