Core Viewpoint - Dynasty Fine Wines Group (00828) reported a decline in revenue and profit for the six months ending June 30, 2025, primarily due to fluctuations in the Chinese macroeconomic and consumer market [1] Financial Performance - The company achieved revenue of HKD 123 million, representing a year-on-year decrease of 9.29% [1] - Profit attributable to owners decreased by 55.85% to HKD 8.172 million [1] - Basic earnings per share were HKD 0.0058 [1] Factors Affecting Performance - The decline in profit was mainly attributed to reduced sales revenue leading to decreased operating profit, alongside increased promotional and advertising expenses during the period [1] - The drop in revenue was primarily due to a decrease in sales volume, particularly for high-end wine products [1]

Core Viewpoint - Dynasty Fine Wines Group (00828) reported a decline in revenue and profit for the six months ending June 30, 2025, primarily due to macroeconomic fluctuations in China and a decrease in sales of high-end wine products [1] Financial Performance - The company achieved revenue of HKD 123 million, representing a year-on-year decrease of 9.29% [1] - Profit attributable to owners decreased to HKD 8.172 million, down 55.85% year-on-year [1] - Basic earnings per share were HKD 0.0058 [1] Factors Affecting Performance - The decline in profit was mainly attributed to fluctuations in the Chinese macroeconomic environment and consumer market, leading to reduced sales revenue and operating profit [1] - Increased promotional and advertising expenses during the reporting period also contributed to the profit decrease [1] - The drop in revenue was significantly influenced by a decline in sales volume, particularly for high-end wine products [1]

Financial Performance - Revenue decreased by 9% to approximately HKD 122.8 million compared to HKD 135.3 million in the same period last year[4] - Profit attributable to owners decreased by 56% to approximately HKD 8.2 million, down from HKD 18.5 million in the previous year[4] - Basic earnings per share were approximately HKD 0.58, compared to HKD 1.31 in the same period last year[4] - Gross profit margin decreased, with gross profit at HKD 47.3 million compared to HKD 48.8 million last year[6] - Operating profit fell to HKD 7.5 million from HKD 17.0 million in the previous year[6] - Total comprehensive income for the period was HKD 13.4 million, down from HKD 15.4 million last year[8] - Revenue from customer contracts for the six months ended June 30, 2025, was HKD 122,775,000, a decrease of 9.3% compared to HKD 135,347,000 for the same period in 2024[23] - Gross profit for the six months ended June 30, 2025, was HKD 47,277,000, slightly down from HKD 48,767,000 in 2024, reflecting a gross margin of approximately 38.5%[24] - The company reported a net profit before tax of HKD 7,734,000 for the six months ended June 30, 2025, a significant decrease of 57.0% from HKD 17,978,000 in the same period of 2024[24] - The total number of wine bottles sold decreased to approximately 4.8 million for the period, down from 5.2 million in 2024[39] - The cost of goods sold decreased by 13% to HKD 75,500,000 for the six months ended June 30, 2025, compared to HKD 86,600,000 in 2024[40] Assets and Liabilities - Cash and bank balances decreased to HKD 86.2 million from HKD 122.6 million at the end of the previous year[9] - Total assets decreased to HKD 523.8 million from HKD 580.5 million at the end of the previous year[10] - Total liabilities decreased to HKD 177.5 million from HKD 256.2 million at the end of the previous year[10] - Equity attributable to owners increased to HKD 318.5 million from HKD 310.0 million at the end of the previous year[10] - The provision for expected credit losses on accounts receivable was HKD 13,148,000 as of June 30, 2025, compared to HKD 12,458,000 as of December 31, 2024[33] - The company's debt-to-asset ratio as of June 30, 2025, was approximately 34%, a decrease from 44% as of December 31, 2024, indicating improved financial health[77] Expenses and Costs - Employee costs, including salaries and benefits, increased to HKD 20,983,000 for the six months ended June 30, 2025, compared to HKD 20,552,000 in 2024[6] - The total employee compensation and related costs for the six months ended June 30, 2025, amounted to approximately HKD 23,900,000, an increase from HKD 23,300,000 in 2024, primarily due to an increase in headcount and temporary labor costs[74] - The company's financial income decreased to approximately HKD 300,000 from HKD 900,000 in the previous year, primarily due to lower interest income[48] - The company experienced increased promotional and advertising expenses during the review period, impacting operating profit[37] - Distribution costs rose to 23% of total revenue from 16% in the previous year, driven by increased marketing resources, particularly in e-commerce and promotions in Shanghai and Tianjin[46] - Management expenses accounted for 15% of total revenue, up from 11% in the previous year, due to increased employee and related costs amid declining revenue[47] Marketing and Product Development - The company continued to implement marketing reforms and product strategies, including nationwide tasting events and promotional activities for its latest product lineup[51] - The company focused on a "5+4+N product strategy," launching new products to meet diverse consumer needs in China[52] - The group launched over 100 types of grape wine products under the "Dynasty" brand, catering to various consumer preferences in the Chinese grape wine market[53] - New high-end products were introduced, including the "Dynasty Year of the Snake" commemorative red wine, which integrates Chinese zodiac culture to attract younger consumers[53] - The group continues to enhance its product offerings, launching new products such as the "Tianyang Tea Wine Series" and "Dynasty Baifeng VSOP Brandy" at the 112th National Sugar and Wine Products Trade Fair[54] - The group is focused on improving online sales channels and optimizing the online store interface to adapt to changing consumer behaviors in China[59] - The group is actively cultivating e-commerce live-streaming talent to further expand sales channels and establish new customer bases[58] Corporate Governance and Compliance - The company has adopted the standards for securities trading as per the listing rules and confirmed compliance until June 30, 2025[83] - The company is committed to enhancing shareholder value through robust corporate governance practices[84] - The company has adhered to the corporate governance code as per the listing rules until June 30, 2025, with regular reviews planned[85] - The interim results will be published on the company's website and the stock exchange website, ensuring transparency and compliance with listing regulations[86] Future Plans and Strategic Initiatives - The group plans to increase direct procurement of quality grapes from Ningxia and Xinjiang, ensuring the quality and freshness of grape juice meet the group's standards[63] - A joint venture was established in Jiangsu and Guizhou to produce and sell yellow wine and sauce-flavored liquor, aiming to enhance the group's industry layout and create new growth opportunities[65] - The group aims to enhance brand vitality through innovative marketing strategies and expand market share for its products, positioning itself as a representative of domestic wine in China[69] - The company plans to build a 3,000-ton yellow wine and special yellow wine production facility in Jiangsu by the second half of 2025, aiming to expand its product range and capitalize on the growth opportunities in the Chinese yellow wine industry[72] - The group continues to explore new market opportunities through its newly established joint ventures in the liquor beverage sector[70] - The group continues to import high-quality wines from French wineries to meet the market demand for premium foreign wines[56]

Group 1 - Caroline Bois Heriard Dubreuil has been appointed as a non-executive director and vice chairman of Dynasty Fine Wines Group Limited, effective from August 25, 2025 [1]

Core Viewpoint - Dynasty Fine Wines (00828) has appointed Caroline Bois Heriard Dubreuil as a non-executive director and vice-chairman, effective from August 25, 2025 [1] Company Summary - The appointment of Caroline Bois Heriard Dubreuil is a strategic move for Dynasty Fine Wines, indicating a focus on enhancing its leadership team [1]

Core Points - Caroline Bois Heriard Dubreuil has been appointed as a non-executive director and vice-chairman of Dynasty Fine Wines (00828), effective from August 25, 2025 [1] Company Summary - The appointment of Caroline Bois Heriard Dubreuil is expected to bring new leadership and strategic direction to Dynasty Fine Wines [1] - The company continues to enhance its governance structure with the addition of experienced professionals [1] Industry Summary - The appointment reflects a trend in the wine industry towards strengthening governance and leadership to navigate market challenges [1] - Companies in the wine sector are increasingly focusing on board diversity and expertise to drive growth and innovation [1]

執行董事 萬守朋先生 （主席） 何崇富先生 （總經理） 黃滿友先生 非執行董事 Caroline BOIS HERIARD DUBREUIL 女士 （副主席） Sophie PHE 女士 李國法先生 （於開曼群島註冊成立之有限公司） （股份代號：00828） 董事名單與其角色和職能 王朝酒業集團有限公司（「本公司」）董事會（「董事會」）成員（由二零二五年八月二十五 日生效）載列如下。 董事會設立三個委員會。下表提供各董事會成員在這些委員會中所擔任的職位。 | 委員會 | | | | | --- | --- | --- | --- | | 董事 | 審核 | 薪酬 | 提名 | | | 委員會 | 委員會 | 委員會 | | 萬守朋先生 | | | C | | 黃滿友先生 | | M | | | Sophie PHE 女士 | | M | | | 楊鼎立先生 | C | M | M | | 孫如暐先生 | M | M | M | | 鍾瑋珩女士 | M | C | M | 附註: C 有關委員會主席 M 有關委員會成員 董事會變動的詳情於本公司日期為二零二五年八月二十五日的公告中披露。 獨立非執行董事 楊鼎立先 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 佈 全 部 或 任 何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：00828） 委任非執行董事 Bois女士，49歲，自二零二二年起擔任Rémy Cointreau S.A.董事會副主席及董事委員 會成員。彼為Andromede S.A.S.的副首席執行官及Orpar S.A.董事會主席兼首席執行 官。Andromede S.A.S.及Orpar S.A.均 為Rémy Cointreau S.A. （EPA.SBT）的 控 股 公 司，而 Rémy Cointreau S.A.為本公司主要股東，於巴黎泛歐交易所上市。Bois女士自二零一 九年起擔任於巴黎泛歐交易所上市的Oeneo S.A.（EPA.RCO）董 事 會 成 員，自 二 零 二 零年七月起擔任EthiFinance S.A.S.董事會成員，同時亦擔任MdGroup （Microdrones）、 A ...

王朝酒业预期2025年上半年综合盈利约为740万至930万港元，同比下降50%至60%。盈利下降主要由于 宏观经济和消费市场波动导致销售收入适度下跌，以及增加了市场营销和推广费用。公司表示已密切关 注市场状况，调整业务策略，加强成本控制以降低负面影响。 ...

Core Viewpoint - Dynasty Fine Wines Group (00828) expects to report an unaudited consolidated profit range of approximately HKD 7.4 million to HKD 9.3 million for the first half of 2025, representing a year-on-year decrease of about 50% to 60% [1] Group Summary - The decline in profit is primarily attributed to two factors: 1) A moderate decrease in sales revenue due to fluctuations in the Chinese macroeconomic and consumer market, leading to reduced operating profit [1] 2) Increased marketing and promotional expenses [1] - The company is closely monitoring market conditions and has adjusted its business strategy to mitigate negative impacts on operations [1] - The company has also strengthened cost control measures and taken appropriate actions in a timely manner [1]