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China Tontine Wines Group
(0389)
China Tontine Wines Group (0389) vs. iShares MSCI Hong Kong ETF (EWH)
China Tontine Wines Group Business Overview & Revenue Model
China Tontine Wines Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 115.97M | 107.99M | 189.14M | 146.12M | 208.37M | 107.88M |
| Gross Profit | 8.63M | 7.36M | 28.15M | 53.19M | 91.57M | -49.34M |
| EBITDA | -162.97M | -345.23M | -49.97M | -8.57M | 25.03M | -152.18M |
| Net Income | -60.36M | -321.30M | -80.20M | -26.40M | 11.34M | -162.16M |
Balance Sheet | ||||||
| Total Assets | 218.35M | 217.43M | 553.43M | 607.07M | 645.84M | 540.20M |
| Cash, Cash Equivalents and Short-Term Investments | 38.06M | 755.00K | 95.48M | 70.89M | 85.87M | 37.45M |
| Total Debt | 10.92M | 0.00 | 5.01M | 913.00K | 1.58M | 3.17M |
| Total Liabilities | 60.56M | 60.11M | 56.05M | 39.37M | 67.10M | 45.31M |
| Stockholders Equity | 92.64M | 92.58M | 403.92M | 483.63M | 493.52M | 417.35M |
Cash Flow | ||||||
| Free Cash Flow | 40.12M | -94.79M | 18.30M | -30.43M | 15.55M | -124.34M |
| Operating Cash Flow | 40.24M | -94.25M | 23.67M | -7.03M | 21.70M | -112.20M |
| Investing Cash Flow | -123.53K | -477.00K | -3.13M | -21.11M | -5.91M | -12.37M |
| Financing Cash Flow | -46.19K | 0.00 | 4.05M | 13.17M | 32.63M | -39.41M |
China Tontine Wines Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | HK$190.00M | 5.00 | 11.66% | ― | 15.66% | -1.25% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | HK$455.76M | -56.48 | -1.15% | 4.07% | 2.77% | -110.76% | |
54 Neutral | HK$366.19M | 15.85 | 7.46% | 1.30% | -4.14% | -21.15% | |
49 Neutral | HK$296.22M | -6.79 | -23.19% | ― | -18.68% | -3305.88% | |
46 Neutral | HK$289.38M | -0.51 | ― | ― | -0.28% | 1.40% | |
40 Underperform | HK$129.67M | -1.98 | -50.46% | ― | ― | ― |
China Tontine Wines Group Corporate Events
China Tontine Wines Group Limited has announced the current composition of its board of directors and detailed the roles and functions of each member, including three executive directors, three non-executive directors and three independent non-executive directors. The company has also confirmed the membership of its audit, nomination and remuneration committees, all chaired by independent or senior board members, underscoring its emphasis on corporate governance and regulatory compliance as it seeks to maintain oversight and accountability to shareholders and other stakeholders.
China Tontine Wines Group has disclosed key findings from an independent internal control review conducted by Cheng & Cheng Risk Advisory Services as part of resumption guidance from the Hong Kong Stock Exchange, following trading suspension of its shares. The review identified serious deficiencies in the parent company’s control over certain subsidiaries, including management at out-of-control subsidiaries failing to provide financial information to the board, refusing to cooperate with annual audits, and some affiliated subsidiaries not being effectively controlled by the Group, all assessed as high risk. In response, the company has begun implementing remedial measures, notably formulating and adopting new “Control over Subsidiaries” rules and regulations in January 2025 to strengthen governance, oversight of operations and finance, and appointment of directors and senior management, in an effort to demonstrate adequate internal controls and move toward meeting regulatory requirements for potential trading resumption.
China Tontine Wines Group Limited has successfully addressed its compliance and publication obligations under the Stock Exchange listing rules, including publishing outstanding financial results and submitting qualitative analyses demonstrating adherence to Rule 13.24. Despite challenges, such as losing control of certain subsidiaries and auditors’ qualified opinions, the company has demonstrated adequate operational scale and asset values, ensuring the basis for its continued listing.
China Tontine Wines Group Limited has announced the appointment of Mr. Qiu Ziwei as an executive director and Mr. Guo Yuxin as a non-executive director, effective December 15, 2025. Mr. Qiu brings extensive experience in communication and brand promotion, while Mr. Guo, a respected figure in the PRC wine sector, will advise on operational strategy and market expansion, strengthening the company’s capabilities in the wine industry.
China Tontine Wines Group Limited has announced the composition of its board of directors and the roles within its three key committees: Audit, Nomination, and Remuneration. This announcement highlights the company’s governance structure, which is crucial for its strategic decision-making and operational oversight, potentially impacting its market positioning and stakeholder confidence.
China Tontine Wines Group Limited has received additional resumption guidance from the Hong Kong Stock Exchange to address regulatory concerns regarding the integrity and competence of its management. The company is working to comply with these guidelines to resume trading, which has been suspended since September 2024, and aims to restore investor confidence.