Yiyuan Liquor (08146) issued an announcement according to the Group's unaudited review for the year ended December 31, 2023...
According to Zhitong Finance App News, Yiyuan Liquor (08146) issued an announcement. According to the preliminary review of the Group's unaudited comprehensive management accounts for the year ended December 31, 2023, the Group is expected to obtain a net profit of no less than RMB 8 million and a net loss of about RMB 600,000 for the same period in 2022. This significant improvement is mainly due to revenue growth brought about by the Group's increased sales of high-end wines. Compared with the Group's entry-level wines, the profit margin of high-end wines is higher.