TONTINE WINES (00389) announced its annual performance for 2024. The owners' share of total expenses is approximately 321 million yuan, an increase of about three times year-on-year.

TONTINE WINES (00389) announced its annual performance in 2024, with a decrease in revenue of about 42.9% to approximately 108 million yuan, and a year-on-year decrease in gross profit of 73.85% to 7.361 million yuan. The company's owners' share of the total expenses for the year is approximately 321 million yuan, an increase of about 3 times year-on-year; resulting in a loss per share of 106.55 cents. The announcement stated that the decrease in revenue was mainly due to the inability to obtain financial data from subsidiary companies, and the exclusion of sales revenue from the Tonghua region (accounting for 21% of total revenue in 2023). The sales revenue of sweet wines and dry wines accounted for 84.2% of the group's total revenue in the year under review. The sales revenue of brandy and other alcoholic products accounted for 15.8%.