Citic Guoan Wine Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 06:56 pm
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Citic Guoan Wine CO.,LTD announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 9.578 million compared to CNY 58.381 million a year ago. Operating loss was CNY 19.527 million compared to operating Income of CNY 2.727 million a year ago. Net loss was CNY 19.262 million compared to net income of CNY 6.613 million a year ago. Basic loss per share from continuing operations was CNY 0.0171 compared to basic earnings per share from continuing operations of CNY 0.0059 a year ago.
CITIC Niya Wine Co Ltd, formerly Citic Guoan Wine Co Ltd, is a China-based company principally involved in grape cultivation, wine production and sales. The Company's grape varieties include Cabernet Sauvignon, Merlot, Chardonnay and Marselan, among others. Its wine brands mainly include NIYA, WEST REGION and SUNTIME, covering high-end wine, mid-to-low-end wine and original wine. The Company mainly conducts its businesses in Mainland China.