Gelonghui April 27th 丨Yiyuan Liquor (08146.HK) announced that compared to the profit before tax of about RMB 2.5 million as of the first quarter of 2022, the Group expects to record a profit of no less than RMB 8 million before tax in the first quarter of 2023.
The improvement in performance was mainly due to increased revenue due to increased marketing and sales efforts to increase market share after the novel coronavirus pneumonia outbreak in the People's Republic of China in 2019, and sales performance of the Group's wine products recovered.