Financial Performance - Revenue increased by 28% to HKD 306 million in 2021, compared to HKD 239 million in 2020[23] - Gross profit rose by 103% to HKD 122 million, with a gross margin of 40%, up from 25%[10] - Profit attributable to owners decreased by 72% to HKD 32.8 million, down from HKD 116.4 million in 2020[10] - Adjusted profit attributable to owners turned positive at HKD 32.8 million, compared to a loss of HKD 40.6 million in 2020[10] - Earnings per share for 2021 was HKD 0.0263, down from HKD 0.0932 in 2020[23] - The group's total revenue increased by 28% from approximately HKD 238.7 million in 2020 to approximately HKD 306 million in 2021, driven by significant growth in product sales, particularly in mid to high-end wine products[47] - The total number of wine bottles sold in 2021 rose to approximately 11.9 million, compared to about 9.9 million in 2020, with red wine accounting for approximately 51% of total revenue, down from 65% in 2020[48] - The average ex-factory selling price of the group's red and white wine products increased during the year, benefiting from a preference for red wine among Chinese consumers[47] - The average selling price of upgraded white wine products increased by approximately 60%, contributing to revenue growth[48] - The group anticipates steady revenue growth for the full year of 2022, barring unforeseen market conditions[43] Market Strategy and Product Development - The company aims to enhance equipment and strengthen market promotion to capture the growth potential of the Chinese wine market[8] - The company implemented a "5+4+N product strategy" to optimize its product portfolio, covering various consumer scenarios and mainstream price segments[27][28] - The group launched new high-end products, including the "Year of the Ox" commemorative red wine, and upgraded its classic Cabernet Sauvignon series to enhance brand recognition[31] - The company strengthened its online sales channels through partnerships with e-commerce platforms like JD.com and Tmall, and invested in new retail models to capture changing consumer behaviors[33] - The group aims to showcase products in 20,000 stores and organize 1,000 wine tasting events as part of its ongoing network construction efforts[27] - The group aims to expand its distribution channels to establish 100,000 terminal stores and 1,000 distributors over the next three years, targeting a sales revenue exceeding RMB 1 billion[42] - The group plans to enhance its product offerings by introducing sweeter and more drinkable products, focusing on the young consumer market[43] Cost Management and Efficiency - The cost of raw materials accounted for 70% of total sales costs in 2021, up from 67% in 2020, primarily due to increased procurement prices for grapes and grape juice[49] - Distribution costs decreased to approximately 16% of total revenue in 2021 from 22% in 2020, attributed to optimized warehousing and reduced employee costs[54] - Management expenses dropped to about 17% of total revenue in 2021 from 32% in 2020, mainly due to effective cost control measures[57] - The overall gross margin improved from 25% in 2020 to 40% in 2021, driven by higher average selling prices of upgraded custom red and white wines[52] Shareholder and Corporate Governance - The board consists of three executive directors, three non-executive directors, and three independent non-executive directors, ensuring a diverse range of knowledge and experience[103] - The board held four regular meetings during the year, with all members attending each meeting, reflecting strong governance practices[108] - The company has adopted the standard code for securities trading, confirming compliance throughout the year[100] - The board is committed to high standards of corporate governance, which is seen as key to achieving sustainable growth and success[101] - The company has established policies and procedures for compliance with legal and regulatory requirements, which are regularly reviewed[108] - The company emphasizes shareholder communication through various channels, including the annual general meeting, which allows shareholders to engage directly with the board and management[156] - The annual general meeting held on June 16, 2021, included measures to prevent and control the pandemic, such as mandatory temperature checks and health declarations[161] Risk Management and Internal Control - The board of directors is responsible for maintaining an effective risk management and internal control system, ensuring reasonable assurance against significant misstatements or losses[136] - The internal control system is aligned with the COSO 2013 framework, ensuring operational effectiveness and compliance with applicable laws[142] - The audit committee consists of three independent non-executive directors with extensive experience in accounting and internal control matters[148] - The company conducts annual reviews of its risk management and internal control systems, with findings reported to the board and audit committee[142] Environmental and Social Responsibility - The group is committed to environmental sustainability through careful management of emissions, energy consumption, and water usage, aiming to minimize environmental impact[79] - The management team emphasized the importance of sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[88] Employee Management and Development - The total salary and related costs for the year amounted to HKD 68,500,000, a decrease from HKD 99,800,000 in 2020, attributed to a reduction in workforce following an employee reform plan[71] - The group employed 231 staff members as of December 31, 2021, down from 258 in 2020, reflecting a strategic optimization of personnel and business unit structure[71] - The company is committed to ongoing training and development for its employees to ensure compliance and operational excellence[80]

Interim Report 2021 中期報告 (於開曼群島註冊成立之有限公司) 股份代號：828 2021 中期報告 "中国风 上 世界 品 质 " 典藏 JYNASTY | --- | --- | --- | --- | |-----------|-------|-------|-------| | | | | | | | | | | | 示生活 本 | | | | | 朝 典藏 | | | | | 脉栏 耳 | | | | | | | | | | | | | | DYNASTY 向 美 好 生 活 出 发 消的王朝 目 錄 企業簡介 2 財務摘要 3 企業資料 4 管理層討論 及 分 析 6 重大收購及出售附屬公司、 聯 營公司及合資企業 16 中期股息 16 董事及 主 要 行政人員於本公司或 其任何 相 聯法團 的股份、相關股份 及債權證的權益及淡倉 16 於本公司股份及相關股份中持有5% 或以上權益 的 人 士 17 購買、出售或贖回 本公司上市 證 券 19 遵守證券交易的標準守則 19 企業管治 19 遵守企業管治守則 19 審核委員會 19 財務資料 20 企業簡介 王 朝 是 優 質 葡 ...

Financial Performance - Dynasty Fine Wines Group Limited reported a revenue decrease of 21% to HKD 238.7 million for the year ended December 31, 2020, compared to HKD 302.3 million in 2019[15]. - The company's net profit attributable to shareholders increased to HKD 116.4 million in 2020, a significant turnaround from a loss of HKD 72.9 million in 2019[15]. - Earnings per share for the company were HKD 0.0932, compared to a loss per share of HKD 0.0584 in the previous year[15]. - The group's total revenue decreased by 21% from approximately HKD 302.3 million in 2019 to about HKD 238.7 million in 2020, primarily due to the impact of COVID-19[34]. - Other income, including net gains from the sale of wine estates, amounted to HKD 246.7 million in 2020, a significant increase from HKD 5 million in 2019[42]. - The group's cash inflow from operating activities turned from a net outflow of approximately HKD 46.8 million in 2019 to a net inflow of approximately HKD 12.1 million in 2020, mainly due to increased prepayments from distributors[49]. - As of December 31, 2020, the group's cash and short-term deposits amounted to HKD 182.1 million, an increase from HKD 157.5 million in 2019, primarily due to increased prepayments received[54]. - The group's market capitalization as of December 31, 2020, was approximately HKD 636.6 million, compared to approximately HKD 405.7 million in 2019[55]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a growth of 15% year-over-year[77]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion[79]. Product and Market Development - The company has a diversified product portfolio with over 100 types of wine products, including red, white, sparkling, ice wine, and brandy[5]. - The company plans to continue improving equipment and enhancing marketing efforts to capitalize on the rapid growth potential of the Chinese wine market[6]. - Total wine sales decreased to approximately 9,400,000 bottles in 2020, down from about 13,600,000 bottles in 2019, with red wine contributing approximately 65% to the total revenue[21]. - The company launched several new high-end products, including the "Wang Chao" brand's 2020 Year of the Rat commemorative red wine and the second generation of "Wang Chao Mei Lu Zhi" red wine series, targeting business banquets[21][22]. - The company introduced three new brandy products in September 2020, including "Wang Chao 8 Year V.S.O.P." and "Wang Chao 10 Year V.S.O.P.", enhancing its brand portfolio and expected to drive growth in the brandy segment[22]. - Online sales have become increasingly important, with the company expanding its e-commerce presence on platforms like Tmall and JD.com, and developing new online sales channels[24]. - The company plans to invest resources to improve online sales channels and optimize the online store interface to capture changing consumer behaviors in China[26]. - The group plans to enhance its marketing strategy and implement a "5+4+N product strategy" to improve performance and meet diverse consumer demands[32]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on expanding the product line[80]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year[82]. Operational Efficiency and Cost Management - The adjusted operating loss, excluding the net proceeds from asset sales and employee compensation, decreased by 36% to approximately HKD 42.3 million in 2020[16]. - Distribution costs accounted for approximately 22% of the group's revenue in 2020, down from 25% in 2019, due to reduced promotional activities during the COVID-19 pandemic[43]. - Management expenses represented about 32% of the group's revenue in 2020, up from 25% in 2019, primarily due to employee compensation related to restructuring[44]. - The group aims to improve operational efficiency, with a goal to reduce costs by 8% through process optimization[85]. Governance and Corporate Structure - The board of directors consists of three executive directors, three non-executive directors, and three independent non-executive directors as of December 31, 2020, complying with the requirement that independent non-executive directors represent at least one-third of the board[98]. - The company has adopted the standard code of conduct for directors' securities transactions, confirming compliance throughout the year ending December 31, 2020[104]. - The board is committed to maintaining high standards of corporate governance, which is seen as key to achieving sustainable growth and success[105]. - The company has established various committees, including a nomination committee, remuneration committee, and audit committee, to handle different responsibilities[110]. - The board has evaluated the independence of all independent non-executive directors and confirmed their independent status[111]. - The company has made appropriate insurance arrangements for its directors and officers against potential legal actions[128]. - The remuneration committee was established in 2005 and is responsible for recommending the compensation of individual executive directors and senior management to the board[139]. - The board is responsible for maintaining an effective risk management and internal control system, ensuring that it is regularly reviewed for effectiveness[149]. Risk Management and Compliance - The group faces market risks including currency risk, fair value interest rate risk, and liquidity risk, emphasizing the unpredictability of financial markets[66]. - The group has implemented a risk management system to identify, assess, and manage significant risks related to its business and operations[151]. - The internal control framework includes a clear management structure with defined authority and accountability, and regular reporting of financial information[149]. - The audit committee reviews the effectiveness of the risk management and internal control systems across all major business areas[150]. - The group has identified areas for improvement in its risk management and internal control systems, which are being properly followed up[155]. Employee and Management - As of December 31, 2020, the group employed 258 staff members, a decrease from 390 in 2019, primarily due to an employee restructuring plan that resulted in termination payments of HKD 26,700,000[63]. - Total employee compensation and related costs amounted to approximately HKD 99,800,000 for the year ended December 31, 2020, compared to HKD 96,300,000 in 2019, reflecting a 5.2% increase[63]. - The company has appointed Mr. Wang Zhengzhong as a non-executive director since August 2004, bringing nearly 40 years of extensive experience in the wine industry[84]. - The company has a diverse board with members possessing various knowledge, skills, and experiences[106]. Shareholder Communication - The company emphasizes communication with shareholders through various channels, including annual general meetings where shareholders can interact with the board and management[168]. - The most recent annual general meeting was held on June 30, 2020, where all resolutions were passed as independent resolutions[169]. - The company regularly updates shareholders on its status through announcements and information published on its website and the stock exchange[176]. - Shareholders holding at least 10% of the paid-up capital can request the board to convene a special meeting to address specified matters[179].

Revenue and Profitability - Revenue for the six months ended June 30, 2020, decreased by 32% to HKD 89,886,000 compared to HKD 132,175,000 in 2019[11]. - Gross profit for the same period fell by 46% to HKD 26,635,000, resulting in a gross margin of 30%, down from 37% in 2019[11]. - Profit attributable to owners of the company increased to HKD 142,681,000, compared to a loss of HKD 32,191,000 in the previous year[11]. - The net profit for the period was HKD 142,595 thousand, compared to a loss of HKD 32,458 thousand in 2019, marking a turnaround in performance[93]. - Total comprehensive income for the period amounted to HKD 138,821,000, a significant recovery from a loss of HKD 32,794,000 in the previous year[95]. - The operating loss for the six months ended June 30, 2020, was HKD 41,822,000, compared to an operating loss of HKD 29,529,000 in 2019, reflecting a worsening of approximately 42%[135]. Impact of COVID-19 - The decline in revenue was primarily attributed to the impact of COVID-19 and government restrictions on consumption venues[32]. - The COVID-19 pandemic significantly impacted sales, particularly in the first quarter, but conditions improved in the second quarter as restrictions eased[51]. - The ongoing COVID-19 pandemic may lead to a decrease in overall wine consumption, potentially impacting the group's financial performance, although precise assessments are not yet available[69]. Marketing and Sales Strategy - The company plans to continue enhancing marketing efforts to capture growth potential in the Chinese wine market[9]. - The group implemented marketing reforms, including product and brand upgrades, and established a three-tier market strategy, with core, key, and potential markets[52]. - Online sales are increasingly important, with the group developing new online sales channels and maintaining partnerships with distributors on platforms like Tmall and JD.com[55]. - The group plans to enhance its online sales strategy and optimize the online store interface to capture changing consumer behavior in China[55]. Cost and Expenses - The cost of raw materials increased to 68% of total sales cost, up from 64% in the same period last year, primarily due to higher procurement of grapes and grape juice[34]. - Administrative expenses increased to 46% of total revenue from 25% in the previous year, primarily due to employee compensation related to a workforce reform plan[41]. - Distribution costs accounted for approximately 31% of total revenue, down from 36% in the previous year, due to reduced promotional activities during the COVID-19 pandemic[40]. Financial Position and Assets - The company has maintained a strong financial position with ample cash resources, minimizing financial risks from interest rate fluctuations[48]. - As of June 30, 2020, the group's cash and cash equivalents amounted to HKD 108 million, a decrease from HKD 157.5 million as of December 31, 2019, due to the settlement of accounts payable during the review period[63]. - The debt-to-asset ratio as of June 30, 2020, was approximately 59%, a significant decrease from 91% as of December 31, 2019, indicating a healthier capital structure[64]. - Total assets decreased to HKD 542,223,000 from HKD 890,297,000, a reduction of approximately 39.1%[99]. - The company reported cash and cash equivalents of HKD 108,341,000, down from HKD 157,932,000, a decrease of approximately 31.2%[99]. Production and Supply Chain - The group has over 10 long-term suppliers of high-quality grape juice, primarily located in regions like Tianjin and Ningxia, to ensure reliable supply[56]. - The group's annual production capacity decreased to 50,000 tons (approximately 66.7 million bottles) as of June 30, 2020, down from 70,000 tons in 2019[57]. Employee and Workforce Management - As of June 30, 2020, the group employed 298 staff members, down from 379 in 2019, as part of a workforce optimization plan[61]. - Total employee compensation and related costs amounted to approximately HKD 48 million for the period, compared to HKD 47.1 million in 2019[61]. - Employee costs, including salaries and benefits, increased to HKD 47,992,000 for the six months ended June 30, 2020, compared to HKD 47,135,000 in the same period of 2019, showing a rise of about 2%[135]. Shareholder and Capital Information - The company does not recommend any interim dividend for the period ended June 30, 2020[71]. - The company's market capitalization as of June 30, 2020, was approximately HKD 262 million, down from HKD 406 million as of December 31, 2019[64]. - The group had no capital expenditures contracted but not incurred as of June 30, 2020, compared to HKD 391,000 as of December 31, 2019[65]. Miscellaneous - The group recognized a land appreciation tax of HKD 61,210,000 for the six months ended June 30, 2020, with no such tax recorded in the same period of 2019[138]. - The group has a diversified customer base, with no single external customer accounting for more than 10% of total revenue, with the majority of sales coming from China[134]. - The group did not apply any new standards or interpretations that have not yet come into effect during the accounting period[121].

Financial Performance - Revenue decreased by 12% to HKD 302,333,000 in 2019 from HKD 344,933,000 in 2018[7] - Gross profit fell by 16% to HKD 78,049,000, resulting in a gross margin of 26% compared to 27% in the previous year[7] - Loss attributable to owners decreased by 7% to HKD 72,943,000 from HKD 78,668,000 in 2018[7] - Basic loss per share was HKD 0.0584, down from HKD 0.0630 in 2018[33] - The group's total revenue decreased by 12% from approximately HKD 344.9 million in 2018 to about HKD 302.3 million in 2019, primarily due to the slowdown in China's economic growth and a decline in imported wine sales[43] - The total sales cost for the year was 100%, with raw material costs accounting for approximately 66% and manufacturing overheads slightly increasing to 26% compared to 25% in the previous year[45][46] - The overall gross margin decreased from 27% in 2018 to 26% in 2019, primarily due to an increase in inventory impairment provisions[47] - Other income, gains, and losses for the year amounted to a net income of HKD 5,000,000, up from HKD 1,900,000 in 2018, mainly due to the recovery of inventory loss compensation of approximately HKD 4,800,000[50] - The net cash outflow from operating activities decreased from approximately HKD 93,100,000 in 2018 to about HKD 46,800,000 in 2019, mainly due to reduced cash used for changes in working capital[58] - The company's financial performance for the fiscal year is detailed in the consolidated income statement section of the annual report[177] Market Strategy and Product Development - The company plans to enhance equipment and strengthen marketing to capture growth potential in the Chinese wine market[5] - The group launched over 100 wine products under the "Dynasty" brand, targeting various consumer preferences in the Chinese wine market, with a focus on mass-market products[34] - The company aims to continue improving its product offerings and market presence in response to consumer preferences[5] - The group plans to continue enhancing its sales and marketing reforms, introducing new products and customized offerings to expand its customer base, particularly in regions with lower market share and high growth potential[42] - Online sales are becoming increasingly important, with the group developing new flagship stores on platforms like Pinduoduo and optimizing online store interfaces to capture changing consumer behavior[37] - The group believes that the demand for Dynasty and imported wine products will increase as consumer wealth and disposable income rise[36] Operational Efficiency - Employee benefits and storage cost savings contributed to the reduction in losses despite decreased revenue and gross profit[33] - The production capacity at the Tianjin winery was 70,000 tons in 2019, equivalent to approximately 93.3 million bottles, which was reduced to 50,000 tons following the sale of land and buildings in January 2020[41] - The average ex-factory price of red and white wine products remained stable, with red wine generally priced higher due to consumer preference in China[43] - The group is committed to ensuring a reliable supply of high-quality grapes and grape juice by collaborating with over ten long-term suppliers located in key regions[39] - The company is actively researching production line upgrades to address declining productivity due to aging machinery[81] Financial Position and Governance - The group's cash and short-term deposits increased to HKD 157,500,000 from HKD 81,000,000 in 2018, reflecting a strong financial position[60] - The debt-to-asset ratio was approximately 91% as of December 31, 2019, up from 80% in 2018, indicating increased leverage[63] - The group expects the debt-to-asset ratio to improve to a healthier level following the completion of the sale of the winery[64] - The company has established a risk management and internal control system to manage significant risks associated with its operations[145] - The board is committed to maintaining transparency and accountability in its operations and financial reporting[84] - The company has a commitment to maintaining high levels of corporate governance, believing it is key to sustainable growth and success[105] Compliance and Legal Matters - The company emphasizes compliance with legal and regulatory requirements, ensuring all transactions are conducted within applicable legal frameworks[84] - The board believes there are no significant compliance issues as of December 31, 2019, except for certain non-compliance with listing rules[84] - The company has engaged external legal advisors to ensure compliance with applicable laws and regulations[84] - The company maintains confidentiality of potential insider information until timely disclosure is made according to listing rules[152] Human Resources and Employee Relations - The total employee compensation and related costs amounted to approximately HKD 96.3 million for the year ended December 31, 2019, down from HKD 106.2 million in 2018[77] - The company employed 390 staff members as of December 31, 2019, a decrease from 435 in 2018, primarily due to internal adjustments in human resources[77] - The group emphasizes competitive compensation to attract and motivate employees, regularly reviewing its human resources and compensation policies to align with market standards[196] - The group offers various retirement plans for eligible employees in China and mandatory provident fund plans for employees in Hong Kong[198] Board Structure and Meetings - The board of directors currently has fewer independent non-executive directors than one-third of the total board members, and the company is actively seeking a suitable candidate with extensive experience in the wine industry[106] - The board consists of three executive directors, five non-executive directors, and three independent non-executive directors as of December 31, 2019[115] - The board held four regular meetings during the year, with attendance rates for executive directors being 100% for the chairman and general manager[119] - The nomination committee reviewed the board's structure and diversity, assessing the independence of independent non-executive directors as of December 31, 2019[134] Future Outlook - The company is facing increased competition from both domestic and international wine companies, necessitating enhancements in brand value and product quality[79] - The company is optimistic about the future of online sales, viewing e-commerce platforms as not only a transaction channel but also a marketing and promotional avenue for the brand[37] - The company plans to hold its next annual general meeting no later than June 2020 to adopt the financial performance for the year[170]

2.0.97 NAST Since 1980 Dynasty Fine Wines Group Limited 王 朝 酒 業 集 團 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號：828 2019 中期報告 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-----------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目 錄 | | | | | | | | | | | | | | | | | | | | | | 企業簡介 | | 2 | | | | | | | | | 財務摘要 | | 3 | | | | | | | | | | | | | | | | | | | | ...

Dynasty Fine Wines Group Limited 王朝酒業集團有限公司 （於開曼群島註冊成立之有限公司） 股份代號: 828 2018 年報 目錄 | --- | --- | |------------------------|-------| | | | | | | | 企業簡介 | 2 | | 財務摘要 | 3 | | 企業資料 | 4 | | 企業架構 | 6 | | 管理層討論及分析 | 7 | | 董事及高級管理人員履歷 | 15 | | 企業管治報告 | 19 | | 財務資料 | 36 | 企業簡介 企業簡介 王 朝 是 優 質 葡 萄 酒 生 產 商，在 中 國 葡 萄 酒 市 場 具 有 歷 史 悠 久 的 地 位。本 公 司 品 牌「王 朝」獲 中 國 國 家 工 商 行 政 管 理 局 定 為 中 國 馳 名 商 標。自 一 九 九 七 年 至 二 零 一 八 年 二 十 二 年 內，王 朝 有 十 三 年 獲 得 中 國 行 業 企 業 訊 息 發 佈 中 心 頒 發 中 國「葡 萄 酒 銷 量 第 一 證 書」。 全球首屈一指的葡萄酒及烈酒營運商Remy Cointr ...

Dynasty Fine Wines Group Limited 王朝酒業集團有限公司 （於開曼群島註冊成立之有限公司） 股份代號: 828 2018 中期報告 | --- | --- | |--------------------------------------------------------------------|-------| | 目 | 錄 | | | | | 企業簡介 | 2 | | 財務摘要 | 3 | | 企業資料 | 4 | | 管理層討論與分析 | 6 | | 中期股息 | 14 | | 董事於本公司或 其任何相關公司的股份、 相關股份及債權證的權益及淡倉 | 14 | | 主要股東於本公司股份及 相關股份的權益及淡倉 | 15 | | 購買、出售或贖回股份 | 16 | | 遵守證券交易的標準守則 | 16 | | 企業管治 | 16 | | 遵守企業管治守則 | 17 | | 財務資料 | 18 | 企業簡介 企業簡介 王 朝 是 優 質 葡 萄 酒 生 產 商，在 中 國 葡 萄 酒 市 場 具 有 歷 史 悠 久 的 地 位。本 公 司 品 牌「王 朝」獲 中 國 國 家 ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------------------------------------------------------------------------------------------------------------------|-------|------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 王 朝 | | 453 DEAL YNAST SInce 1980 Dynasty Fine Wines Group Limited 酒 業 集 團 有 限 公 司 ( 於 開曼 群島 註冊成立之有限公司 ) 股份代號：828 | | | | | | | | | 2017 年 報 | 目 錄 企業簡介 2 財務摘要 3 企業資料 4 企業架構 6 管理層討論及分析 7 董事及高級管理人員履歷 18 企業管治報告 22 財務資料 37 企業簡介 企業簡介 二零一 ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-----------------------------------------------------------------------------------------------------------------------------------|-------------|-------| | | | | | | | | | | | | | | | | | | | | | | | H | 朝 | THE DECE YNAST SInce 1980 Dynasty Fine Wines Group Limited 酒 業 集 團 有 限 公 司 ( 於開曼群島註冊成立之有限公司） 股份代號：828 | | 2017 | | | | | | 中 期 報 告 | | | --- | --- | |-----------------------------------------------------|-------| | 目 | 錄 | | | | | 企業簡介 | 2 ...