Reported Earnings • Apr 21
Full year 2025 earnings released: CN¥0.003 loss per share (vs CN¥0.012 loss in FY 2024) Full year 2025 results: CN¥0.003 loss per share (improved from CN¥0.012 loss in FY 2024). Revenue: CN¥34.9m (up 9.4% from FY 2024). Net loss: CN¥2.73m (loss narrowed 72% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Grace Wine Holdings Limited, Annual General Meeting, Jun 05, 2026 Grace Wine Holdings Limited, Annual General Meeting, Jun 05, 2026, at 10:00 China Standard Time. Location: 23/f, lee garden one, 33 hysan avenue, causeway bay, Hong Kong Reported Earnings • Mar 21
Full year 2025 earnings released: CN¥0.004 loss per share (vs CN¥0.051 loss in FY 2024) Full year 2025 results: CN¥0.004 loss per share (improved from CN¥0.051 loss in FY 2024). Revenue: CN¥34.9m (flat on FY 2024). Net loss: CN¥2.73m (loss narrowed 93% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 154 percentage points per year, which is a significant difference in performance. New Risk • Mar 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥24m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 66% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (HK$501k sold). Market cap is less than US$100m (HK$593.5m market cap, or US$75.8m). Announcement • Mar 10
Grace Wine Holdings Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Grace Wine Holdings Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 New Risk • Nov 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 70% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$144.1m market cap, or US$18.5m). Reported Earnings • Aug 23
First half 2025 earnings released: CN¥0.004 loss per share (vs CN¥0.004 loss in 1H 2024) First half 2025 results: CN¥0.004 loss per share (in line with 1H 2024). Revenue: CN¥18.8m (up 13% from 1H 2024). Net loss: CN¥3.31m (loss narrowed 6.1% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
Grace Wine Holdings Limited to Report Q2, 2025 Results on Aug 20, 2025 Grace Wine Holdings Limited announced that they will report Q2, 2025 results on Aug 20, 2025 Announcement • Jun 03
Grace Wine Holdings Limited Announces Board Changes Grace Wine Holdings Limited at its Annual General Meeting held on 3 June 2025 announced that Ho Kent Ching-tak, Mr. Lim Leung Yau Edwin and Mr. Alec Peter Tracy have retired as independent non-executive Directors with effect from the conclusion of the AGM. The Board announced that the redesignation of Mr. James Douglas Richard Field from a non-executive Director to an independent non-executive Director, and the appointment of Mr. Chan Tsz King, Vincent as an independent non-executive Director have been passed and with effect from the conclusion of the AGM. Reported Earnings • Apr 29
Full year 2024 earnings released: CN¥0.051 loss per share (vs CN¥0.013 profit in FY 2023) Full year 2024 results: CN¥0.051 loss per share (down from CN¥0.013 profit in FY 2023). Revenue: CN¥34.6m (down 47% from FY 2023). Net loss: CN¥41.0m (down CN¥51.2m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Grace Wine Holdings Limited, Annual General Meeting, Jun 03, 2025 Grace Wine Holdings Limited, Annual General Meeting, Jun 03, 2025, at 10:30 China Standard Time. Location: unit 2304, 23/f, westlands centre, 20 westlands road, quarry bay, Hong Kong Upcoming Dividend • Apr 01
Inaugural dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 08 April 2025. Payment date: 09 May 2025. This is the first dividend for Grace Wine Holdings since going public. The average dividend yield among industry peers is 3.1%. Reported Earnings • Mar 21
Full year 2024 earnings released: CN¥0.051 loss per share (vs CN¥0.013 profit in FY 2023) Full year 2024 results: CN¥0.051 loss per share (down from CN¥0.013 profit in FY 2023). Revenue: CN¥34.6m (down 47% from FY 2023). Net loss: CN¥41.0m (down CN¥51.2m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Announcement • Mar 07
Grace Wine Holdings Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 Grace Wine Holdings Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 New Risk • Jan 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (HK$152.9m market cap, or US$19.7m). New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (HK$125.7m market cap, or US$16.2m). Reported Earnings • Aug 17
First half 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.007 profit in 1H 2023) First half 2024 results: CN¥0.004 loss per share (down from CN¥0.007 profit in 1H 2023). Revenue: CN¥16.6m (down 55% from 1H 2023). Net loss: CN¥3.53m (down 165% from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (HK$61.6m market cap, or US$7.91m). Announcement • Aug 05
Grace Wine Holdings Limited to Report First Half, 2024 Results on Aug 16, 2024 Grace Wine Holdings Limited announced that they will report first half, 2024 results on Aug 16, 2024 New Risk • Jun 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$100.1m market cap, or US$12.8m). New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.1m (US$9.74m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (HK$76.1m market cap, or US$9.74m). Announcement • Jun 06
Grace Wine Holdings Limited Appoints James Douglas Richard Field as A Non-Executive Director and A Member of the Remuneration Committee Grace Wine Holdings Limited at its annual general meeting held on June 5, 2024, approved the appointment of Mr. James Douglas Richard field as a non-executive director and a member of the Remuneration Committee with effect from the conclusion of the AGM. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Non-Executive Director Andy Cheung was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
Grace Wine Holdings Limited, Annual General Meeting, Jun 05, 2024 Grace Wine Holdings Limited, Annual General Meeting, Jun 05, 2024. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: CN¥0.013 (vs CN¥0.001 loss in FY 2022) Full year 2023 results: EPS: CN¥0.013 (up from CN¥0.001 loss in FY 2022). Revenue: CN¥65.0m (up 4.6% from FY 2022). Net income: CN¥10.2m (up CN¥10.8m from FY 2022). Profit margin: 16% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 01
Grace Wine Holdings Limited to Report Fiscal Year 2023 Results on Mar 12, 2024 Grace Wine Holdings Limited announced that they will report fiscal year 2023 results on Mar 12, 2024 Reported Earnings • Nov 08
Third quarter 2023 earnings released: CN¥0.001 loss per share (vs CN¥0.005 profit in 3Q 2022) Third quarter 2023 results: CN¥0.001 loss per share (down from CN¥0.005 profit in 3Q 2022). Revenue: CN¥12.1m (down 49% from 3Q 2022). Net loss: CN¥577.0k (down 114% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Oct 21
Grace Wine Holdings Limited to Report Nine Months, 2023 Results on Nov 06, 2023 Grace Wine Holdings Limited announced that they will report nine months, 2023 results on Nov 06, 2023 Announcement • Sep 09
Grace Wine Holdings Limited Announces Resignation of Lam Wai Kit Ricky as Executive Director and Compliance Officer Grace Wine Holdings Limited announced the following changes of the Company: Mr. Lam Wai Kit Ricky has tendered his resignation as an executive Director, one of the authorised representatives of the Company and the compliance officer of the Company with effect from 9 September 2023 in order to pursue a new development in his career. The Board further announces that following the Resignation of Mr. Lam, Ms. Judy Chan, the executive Director and the chairlady of the Board, will be appointed as one of the authorised representatives and the compliance officer of the Company with effect from 9 September 2023. Reported Earnings • Aug 05
Second quarter 2023 earnings released: CN¥0.002 loss per share (vs CN¥0.001 loss in 2Q 2022) Second quarter 2023 results: CN¥0.002 loss per share (further deteriorated from CN¥0.001 loss in 2Q 2022). Revenue: CN¥11.1m (down 11% from 2Q 2022). Net loss: CN¥1.36m (loss widened 43% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 24
Grace Wine Holdings Limited to Report Q2, 2023 Results on Aug 04, 2023 Grace Wine Holdings Limited announced that they will report Q2, 2023 results on Aug 04, 2023 Reported Earnings • May 06
First quarter 2023 earnings released: EPS: CN¥0.008 (vs CN¥0.002 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.008 (up from CN¥0.002 in 1Q 2022). Revenue: CN¥25.4m (up 61% from 1Q 2022). Net income: CN¥6.76m (up 278% from 1Q 2022). Profit margin: 27% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 17
Full year 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.01 profit in FY 2021) Full year 2022 results: CN¥0.001 loss per share (down from CN¥0.01 profit in FY 2021). Revenue: CN¥62.1m (down 27% from FY 2021). Net loss: CN¥598.0k (down 108% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kent Ho was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.004 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.005 (up from CN¥0.004 in 3Q 2021). Revenue: CN¥23.8m (up 1.3% from 3Q 2021). Net income: CN¥4.25m (up 41% from 3Q 2021). Profit margin: 18% (up from 13% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.003 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.001 (up from CN¥0.003 loss in 2Q 2021). Revenue: CN¥28.2m (up 110% from 2Q 2021). Net income: CN¥836.0k (up CN¥2.87m from 2Q 2021). Profit margin: 3.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 05
Grace Wine Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 The board of directors of Grace Wine Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group (the "Management Accounts") for the six months ended 30 June 2022, the Group expects to record a profit before tax of not less than RMB 1.7 million in second quarter of 2022, as compared to a profit before tax of approximately RMB 6.7 million for the six months ended 30 June 2021. The decline in 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 ongoing impact of the resurgence of Coronavirus Disease 2019 in the People's Republic of China. Announcement • Jul 30
Grace Wine Holdings Limited to Report First Half, 2022 Results on Aug 09, 2022 Grace Wine Holdings Limited announced that they will report first half, 2022 results on Aug 09, 2022 Announcement • Jun 29
Grace Wine Holdings Limited Approves Special Dividend for the Year Ended 31 December 2021 Grace Wine Holdings Limited approved special final dividend of HK0.62 cent per ordinary share of the Company for the year ended 31 December 2021 at its AGM held on 28 June 2022. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.007 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.002 (down from CN¥0.007 in 1Q 2021). Revenue: CN¥15.7m (down 47% from 1Q 2021). Net income: CN¥1.79m (down 68% from 1Q 2021). Profit margin: 11% (down from 19% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kent Ho was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Grace Wine Holdings Limited, Annual General Meeting, Jun 28, 2022 Grace Wine Holdings Limited, Annual General Meeting, Jun 28, 2022, at 15:00 China Standard Time. Location: Unit 705, 7/F, Westlands Centre, No. 20 Westlands Road Quarry Bay Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company for the year ended 31 December 2021 and the report of the directors and the independent auditor's report; to declare a special final dividend of HK0.62 cent per ordinary share of the Company for the year ended 31 December 2021; to re-elect Ms. Judy Chan as an executive director of the Company; to re-elect Mr. Lam Wai Kit Ricky as an executive Director; to re-elect Mr. Chow Christer Ho as a non-executive Director; to re-elect Mr. Alec Peter Tracy as an independent non-executive Director; to authorize the board of Directors to fix the remuneration of the Directors; and to consider other matters. Buying Opportunity • Mar 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% per annum over the last 3 years. The company has become profitable over the last year. Announcement • Mar 06
Grace Wine Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2021 Grace Wine Holdings Limited provided earnings guidance for the year ended December 31, 2021. the Group expects to record a profit attributable to owners of the Company of not less than RMB 6.0 million in FY2021, as compared to a loss attributable to owners of the Company of approximately RMB 0.5 million for the year ended 31 December 2020. Buying Opportunity • Mar 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years. Buying Opportunity • Jan 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be CN¥0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.002 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥23.5m (up 17% from 3Q 2020). Net income: CN¥3.03m (up 87% from 3Q 2020). Profit margin: 13% (up from 8.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Executive Departure • Oct 07
Chief Compliance Officer & Executive Director Chi Chiu Fan has left the company On the 30th of September, Chi Chiu Fan's tenure as Chief Compliance Officer & Executive Director ended after 4.2 years in the role. As of June 2021, Chi Chiu still personally held only 600.00k shares (HK$117k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.25 years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: CN¥0.002 loss per share (vs CN¥0.001 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥13.4m (up 5.0% from 2Q 2020). Net loss: CN¥2.04m (down CN¥2.53m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Executive Departure • Jun 05
Non-Executive Director Tan Tan Hou has left the company On the 28th of May, Tan Tan Hou's tenure as Non-Executive Director ended after 3.8 years in the role. We don't have any record of a personal shareholding under Tan Tan's name. Tan Tan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.92 years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS CN¥0.007 (vs CN¥0.003 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥29.4m (up 329% from 1Q 2020). Net income: CN¥5.57m (up CN¥8.01m from 1Q 2020). Profit margin: 19% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Announcement • Mar 10
Grace Wine Holdings Limited to Report Fiscal Year 2020 Results on Mar 19, 2021 Grace Wine Holdings Limited announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Jan 05
New 90-day high: HK$0.26 The company is up 63% from its price of HK$0.16 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 36% over the same period. Recent Insider Transactions • Dec 04
Insider recently bought HK$120k worth of stock On the 1st of December, Tan Ming Ting bought around 500k shares on-market at roughly HK$0.24 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Is New 90 Day High Low • Nov 17
New 90-day high: HK$0.23 The company is up 18% from its price of HK$0.19 on 19 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is down 3.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS CN¥0.002 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥20.0m (up 15% from 3Q 2019). Net income: CN¥1.62m (up CN¥1.56m from 3Q 2019). Profit margin: 8.1% (up from 0.3% in 3Q 2019). The increase in margin was driven by higher revenue. Announcement • Jul 21
Grace Wine Holdings Limited to Report First Half, 2020 Results on Aug 06, 2020 Grace Wine Holdings Limited announced that they will report first half, 2020 results on Aug 06, 2020