Tonghua Grape Wine Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 02:07 pm IST
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Tonghua Grape Wine Co.,Ltd announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 310.444 million compared to CNY 639.467 million a year ago. Operating loss was CNY 14.968 million compared to operating Income of CNY 22.578 million a year ago. Net loss was CNY 12.092 million compared to net income of CNY 2.759 million a year ago. Basic loss per share from continuing operations was CNY 0.03 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.