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Grace Wine Holdings Limited logo

Grace Wine Holdings Limited

8146.HK

HKSEConsumer DefensiveBeverages - Wineries & Distilleries

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Latest quote

HK$0.37

+HK$0.05 · +15.62%

Aug 24, 9:53 AM HKTData delayed

8146.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Grace Wine Holdings Limited operates as an investment holding company, deeply involved in the global production and distribution of wine and various other alcoholic beverages. Its market reach extends across Hong Kong, mainland China, and international territories. The company segments its operations into two core areas: the manufacturing of wines and the production of spirits. Additionally, it undertakes vineyard cultivation and the sale of wine grapes. Its primary wine offerings are marketed under the distinguished Grace Vineyard brand. Established in 1997, the company is headquartered in Quarry Bay, Hong Kong, and functions as a subsidiary of Macmillan Equity Limited.

Industry
Beverages - Wineries & Distilleries
Sector
Consumer Defensive
Headquarters
HK
CEO
Yunqiang Liu
Listed since
Jun 27, 2018
Employees
123

Market position

Day range

Current HK$0.37

52-week range

Current HK$0.37

Open
HK$0.37
Previous close
HK$0.32
Volume
30K
0.08× average
Average volume
389.11K
Average daily volume
Market cap
300.81M HKD
Beta
-0.16
Market reference 1
50-day average
HK$0.379
-2.37% below average
200-day average
HK$0.4926
-24.89% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
257.98M CNY
P/E (TTM)
-93.27×
P/B (TTM)
2.87×
P/S (TTM)
7.39×
EV / EBITDA
57.27×
Earnings yield
-1.63%
Free cash flow yield
-7.52%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
71.94%
Operating margin
-6.04%
Net margin
-6.20%
Return on equity
-5.08%
Return on assets
-2.38%
Return on invested capital
-1.19%

Financial health

Debt / equity
0.03×
Current ratio
9.65×
Altman Z-score
8.6
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 trends96%18%-60%-138%Gross margin, FY2021: 54.05%Gross margin, FY2022: 58.69%Gross margin, FY2023: 73.32%Gross margin, FY2024: 76.12%Gross margin, FY2025: 62.21%Operating margin, FY2021: 11.67%Operating margin, FY2022: -0.93%Operating margin, FY2023: 16.65%Operating margin, FY2024: -30.17%Operating margin, FY2025: -6.20%Net margin, FY2021: 9.14%Net margin, FY2022: -0.96%Net margin, FY2023: 15.73%Net margin, FY2024: -118.71%Net margin, FY2025: -13.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.05%. Gross margin FY2022 58.69%. Gross margin FY2023 73.32%. Gross margin FY2024 76.12%. Gross margin FY2025 62.21%. Operating margin FY2021 11.67%. Operating margin FY2022 -0.93%. Operating margin FY2023 16.65%. Operating margin FY2024 -30.17%. Operating margin FY2025 -6.20%. Net margin FY2021 9.14%. Net margin FY2022 -0.96%. Net margin FY2023 15.73%. Net margin FY2024 -118.71%. Net margin FY2025 -13.25%.

Income trends

Revenue

33.98M CNY-1.66%

Operating income

−2.11M CNY+79.78%

Net income

−4.5M CNY+89.03%
Income trends across reported periods97.26M CNY46.98M CNY−3.3M CNY−53.59M CNYRevenue, FY2021: 84.69M CNYRevenue, FY2022: 62.12M CNYRevenue, FY2023: 64.99M CNYRevenue, FY2024: 34.55M CNYRevenue, FY2025: 33.98M CNYOperating income, FY2021: 9.88M CNYOperating income, FY2022: −576K CNYOperating income, FY2023: 10.82M CNYOperating income, FY2024: −10.42M CNYOperating income, FY2025: −2.11M CNYNet income, FY2021: 7.74M CNYNet income, FY2022: −598K CNYNet income, FY2023: 10.22M CNYNet income, FY2024: −41.02M CNYNet income, FY2025: −4.5M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 84.69M CNY. Revenue FY2022 62.12M CNY. Revenue FY2023 64.99M CNY. Revenue FY2024 34.55M CNY. Revenue FY2025 33.98M CNY. Operating income FY2021 9.88M CNY. Operating income FY2022 −576K CNY. Operating income FY2023 10.82M CNY. Operating income FY2024 −10.42M CNY. Operating income FY2025 −2.11M CNY. Net income FY2021 7.74M CNY. Net income FY2022 −598K CNY. Net income FY2023 10.22M CNY. Net income FY2024 −41.02M CNY. Net income FY2025 −4.5M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue33.98M CNY34.55M CNY64.99M CNY62.12M CNY84.69M CNY
Cost of goods sold12.84M CNY8.25M CNY17.34M CNY25.66M CNY38.92M CNY
Gross profit21.14M CNY26.3M CNY47.65M CNY36.46M CNY45.77M CNY
Selling, general, and administrative27.26M CNY37.85M CNY36.83M CNY37.04M CNY35.89M CNY
Operating expenses23.24M CNY36.73M CNY36.83M CNY37.04M CNY35.89M CNY
Interest income235.74K CNY219K CNY570K CNY556K CNY873K CNY
Interest expense34.09K CNY1.15M CNY1.19M CNY411K CNY87K CNY
Depreciation and amortization6.61M CNY10.4M CNY10.4M CNY9.53M CNY9.59M CNY
Operating income−2.11M CNY−10.42M CNY10.82M CNY−576K CNY9.88M CNY
Net income−4.5M CNY−41.02M CNY10.22M CNY−598K CNY7.74M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.050.01-0.03-0.07Q2 '23Q3 '23Q4 '23Q1 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q2 2023, reported May 5, 2023: actual 0.01, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 4, 2023: actual -0.002, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 6, 2023: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual -0.002, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual -0.002, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 7, 2024: actual -0.026, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual -0.002, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual -0.002, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates30.56M22.9M15.23M7.57MQ2 '23Q3 '23Q4 '23Q1 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q2 2023, reported May 5, 2023: actual 28.96M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 4, 2023: actual 12.01M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 6, 2023: actual 12.96M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual 8.97M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual 8.9M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 7, 2024: actual 9.94M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 10.02M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual 10.27M HKD, estimate —, surprise —, Comparison unavailable.

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