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China Tontine Wines Group Limited logo

China Tontine Wines Group Limited

0389.HK

HKSEConsumer DefensiveBeverages - Alcoholic

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Latest quote

HK$0.375

+HK$0.005 · +1.39%

Aug 24, 3:59 PM HKT

0389.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Tontine Wines Group Limited, an investment holding company, produces and sells grape wine in the People's Republic of China. It offers sweet wines and dry wines under the Tongtian, Tongtian Hong, and TONTINE labels. The company also produces and sells brandy, white wines, and other wine products, as well as processes grape juices. China Tontine Wines Group Limited was founded in 2001 and is headquartered in Tonghua, the People's Republic of China.

Industry
Beverages - Alcoholic
Sector
Consumer Defensive
Headquarters
CN
CEO
Jialiang Sun
Listed since
Sep 23, 2002
Employees
79

Market position

Volume
3.56M
18.17× average
Average volume
196.2K
Average daily volume
Market cap
110.07M HKD
Beta
0.68
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
89.4M CNY
P/E (TTM)
-111.77×
P/B (TTM)
1.03×
P/S (TTM)
0.58×
EV / EBITDA
17.26×
Earnings yield
-0.72%
Free cash flow yield
28.49%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
17.44%
Operating margin
0.25%
Net margin
-0.51%
Return on equity
-0.92%
Return on assets
-0.38%
Return on invested capital
0.15%

Financial health

Debt / equity
0.03×
Current ratio
2.79×
Altman Z-score
-6.76
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends78%-58%-195%-332%Gross margin, FY2021: 43.94%Gross margin, FY2022: 36.40%Gross margin, FY2023: 14.88%Gross margin, FY2024: 6.82%Gross margin, FY2025: 17.61%Operating margin, FY2021: 4.84%Operating margin, FY2022: -23.22%Operating margin, FY2023: -30.78%Operating margin, FY2024: -174.84%Operating margin, FY2025: 0.31%Net margin, FY2021: 5.44%Net margin, FY2022: -18.07%Net margin, FY2023: -42.40%Net margin, FY2024: -297.53%Net margin, FY2025: -0.53%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.94%. Gross margin FY2022 36.40%. Gross margin FY2023 14.88%. Gross margin FY2024 6.82%. Gross margin FY2025 17.61%. Operating margin FY2021 4.84%. Operating margin FY2022 -23.22%. Operating margin FY2023 -30.78%. Operating margin FY2024 -174.84%. Operating margin FY2025 0.31%. Net margin FY2021 5.44%. Net margin FY2022 -18.07%. Net margin FY2023 -42.40%. Net margin FY2024 -297.53%. Net margin FY2025 -0.53%.

Income trends

Revenue

159.37M CNY+47.58%

Operating income

501K CNY+189.3M CNY

Net income

−843K CNY+99.74%
Income trends across reported periods261.34M CNY49.47M CNY−162.4M CNY−374.27M CNYRevenue, FY2021: 208.37M CNYRevenue, FY2022: 146.12M CNYRevenue, FY2023: 189.14M CNYRevenue, FY2024: 107.99M CNYRevenue, FY2025: 159.37M CNYOperating income, FY2021: 10.09M CNYOperating income, FY2022: −33.92M CNYOperating income, FY2023: −58.22M CNYOperating income, FY2024: −188.8M CNYOperating income, FY2025: 501K CNYNet income, FY2021: 11.34M CNYNet income, FY2022: −26.4M CNYNet income, FY2023: −80.2M CNYNet income, FY2024: −321.3M CNYNet income, FY2025: −843K CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 208.37M CNY. Revenue FY2022 146.12M CNY. Revenue FY2023 189.14M CNY. Revenue FY2024 107.99M CNY. Revenue FY2025 159.37M CNY. Operating income FY2021 10.09M CNY. Operating income FY2022 −33.92M CNY. Operating income FY2023 −58.22M CNY. Operating income FY2024 −188.8M CNY. Operating income FY2025 501K CNY. Net income FY2021 11.34M CNY. Net income FY2022 −26.4M CNY. Net income FY2023 −80.2M CNY. Net income FY2024 −321.3M CNY. Net income FY2025 −843K CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue159.37M CNY107.99M CNY189.14M CNY146.12M CNY208.37M CNY
Cost of goods sold131.31M CNY100.63M CNY160.99M CNY92.93M CNY116.8M CNY
Gross profit28.07M CNY7.36M CNY28.15M CNY53.19M CNY91.57M CNY
Selling, general, and administrative26.28M CNY20.27M CNY85.88M CNY69.8M CNY54.97M CNY
Operating expenses27.57M CNY196.16M CNY86.37M CNY80.85M CNY74.41M CNY
Interest income461K CNY63K CNY337K CNY244K CNY213K CNY
Interest expense72K CNY21K CNY190K CNY137K CNY156K CNY
Depreciation and amortization1.63M CNY2M CNY20.65M CNY18.84M CNY17.01M CNY
Operating income501K CNY−188.8M CNY−58.22M CNY−33.92M CNY10.09M CNY
Net income−843K CNY−321.3M CNY−80.2M CNY−26.4M CNY11.34M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.28

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.13-0.11-0.35-0.59Q2 '20Q4 '20Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24
Q2 2020, reported Jun 30, 2020: actual -0.387, estimate —, surprise —, Comparison unavailable. Q4 2020, reported Dec 31, 2020: actual -0.539, estimate —, surprise —, Comparison unavailable. Q2 2021, reported Jun 30, 2021: actual -0.047, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.084, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 0.002, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.101, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.018, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.276, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.14B774.34M413.31M52.28MQ2 '20No estimateQ4 '20No estimateQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24No estimate
Q2 2020, reported Jun 30, 2020: actual 61.57M HKD, estimate —, surprise —, Comparison unavailable. Q4 2020, reported Dec 31, 2020: actual 61.51M HKD, estimate —, surprise —, Comparison unavailable. Q2 2021, reported Jun 30, 2021: actual 77.43M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 176.16M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 79.2M HKD, estimate 1.06B HKD, surprise -92.50%, Miss. Q1 2023, reported Mar 31, 2023: actual 89.37M HKD, estimate 1.05B HKD, surprise -91.47%, Miss. Q3 2023, reported Aug 31, 2023: actual 81.83M HKD, estimate 1.05B HKD, surprise -92.18%, Miss. Q1 2024, reported Mar 28, 2024: actual 125.59M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.288

2012 complete year0.0% since 2010

Corporate action history

Dividend

Ex-dividend May 8, 2012

HK$0.0288

Annual

Dividend

Ex-dividend Apr 29, 2011

HK$0.03

Annual

Dividend

Ex-dividend May 28, 2010

HK$0.0288

Annual

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