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 | ||
0.139 HKD | 0.00% | +2.96% | -10.90% |
05/04 | China's crowded wine market offers no lifeline for struggling global industry | RE |
12/03 | 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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-10.90% | 14.24M | |
+8.91% | 6.26B | |
+5.59% | 1.91B | |
-16.95% | 1.19B | |
+22.01% | 1.01B | |
-27.74% | 912M | |
+12.58% | 835M | |
-0.41% | 775M | |
-0.35% | 502M | |
-13.23% | 344M |
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