Tonghua Grape Wine Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 11:31 pm IST
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Tonghua Grape Wine Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 220.092 million compared to CNY 387.172 million a year ago. Operating income was CNY 3.491 million compared to CNY 9.527 million a year ago. Net loss was CNY 633,565.87 compared to net income of CNY 1.329 million a year ago. Basic loss per share from continuing operations was CNY 0.002 compared to basic earnings per share from continuing operations of CNY 0.003 a year ago.
Tonghua Grape Wine Co Ltd is a China-based company principally engaged in the manufacturing and sales of fruit wine and wine. The Company's products cover dry wine, ice wine, sweet wine, grape spirits and other categories. Through its subsidiaries, the Company is engaged in e-commerce retail and online marketing services, mainly selling consumer goods. The Company's brands include Hongmei, Tonghua, Yashizun, Tianchi, among others. The Company mainly conducts its businesses in the domestic market.