Dynasty Fine Wines cites “weak demand” in China for profit warning [Yahoo! Finance]
REMY COINTREAU UNSP/ADR (REMYY)
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Source: Yahoo! Finance
Hong Kong-listed Dynasty Fine Wines Group has pointed to weak consumer demand in China after warning its profits slumped by more than 50% last year. Dynasty Fine Wines expects to book a consolidated profit attributable to the owners of the company for 2025 in the range of around HK$11.7m to HK$15m (US$1.5m to US$1.9m) The result would mean the group's profit dropped by 55-65% compared to 2024. In a stock-exchange filing, Dynasty Fine Wines said it expects to record revenue of HK$168m to HK$175m, which would amount to a 35-38% decrease. The group, which counts Rémy Cointreau as its second-largest shareholder, saw “a significant decline in sales of medium to high-end products” last year “amid the impact of the macro-economy, as well as weak demand in wine consumption” in China. Dynasty Fine Wines' board will meet next week to approve the results. The company expects to publish the numbers by the end of the month. In its stock-exchange filing on Friday (13 March), the group
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