Tonghua Grape Wine Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 08:38 pm IST
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Tonghua Grape Wine Co.,Ltd announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 976.001 million compared to CNY 1,026.650 million a year ago. Operating income was CNY 3.051 million compared to CNY 53.451 million a year ago. Net loss was CNY 31.314 million compared to net income of CNY 4.197 million a year ago. Basic loss per share from continuing operations was CNY 0.08 compared to basic earnings per share from continuing operations of CNY 0.01 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.