CITIC Wine(SH:600084) Jin Rong Jie·2025-07-11 02:28Core Insights - CITIC Niyah has experienced significant growth since its listing on July 11, 1997, with a market capitalization increase from 1.308 billion to 6.338 billion, reflecting not only scale expansion but also business structure adjustments [1][5] - Despite the growth in market capitalization, the company's profitability has faced challenges in recent years, with a cumulative profit decline of 53.03% from 0.35 billion in 1997 to 0.17 billion in 2024 [3] Business Overview - CITIC Niyah's main business includes wine production and sales, international economic and technical cooperation, and comprehensive agricultural development [3] - The core product revenue structure shows that high-end wine accounts for the highest proportion at 51.57%, followed by mid-to-low-end wine at 42.49% [3] Financial Performance - The company has shown significant volatility in profitability, with 9 years of losses out of 28 years since its listing, and only 13 years of profit growth, representing 50% of the time [3] - Revenue has fluctuated considerably, with 0.95 billion in 2020 and reaching 1.61 billion in 2024, indicating an unstable overall growth trend [3] - The net profit attributable to shareholders was -0.57 billion in 2020, recovering to 0.17 billion in 2024, but the company still requires time to restore its profitability [3] Market Capitalization Trends - Since its listing, CITIC Niyah's market value has increased 3.85 times, peaking at 16.182 billion on June 30, 2015, with a stock price of 14.4 [5] - As of July 10, the stock price was 5.64, with a market capitalization of 6.338 billion, representing a decrease of 98.44 billion from its peak, equating to a market value evaporation of 60.83% [5]