In the first half of 2024, the domestic wine consumption market failed to continue the warming heat of the previous year and has not improved.

In the first half of this year, the domestic wine market is still in a deep adjustment period, and the wine consumption market has not improved. Recently, A number of wine listed companies released performance forecasts, of which 5 A-share wine listed companies 3 pre-loss, Weilong shares are expected to achieve a profit in the first half of the year, and two wine listed companies in Hong Kong have a loss and a profit.

Weilong shares (603779.SH) announced half-year results, said to achieve a net profit of 6.78 million yuan to 10.65 million yuan in the first half of 2024, the net profit of the same period last year was a loss of 13.062 million yuan, mainly due to operating income increased by 24%, the company's management team through reducing costs, reducing expenses and other measures to achieve a turnaround. However, considering that Weilong shares achieved a net profit of 18.467 million yuan in the first quarter, the actual loss in the second quarter was about 7.817 million yuan to 11.687 million yuan.

ST Tongpu (600365.SH) expects a first-half loss of 27.5 million yuan to 24.5 million yuan; Mogao Shares (600543.SH) is expected to lose 8 million to 12 million yuan; Citic Nianya (600084.SH) expects a loss of 4.5 million yuan to 5.5 million yuan.

The companies blamed the downturn in the wine market for the losses. Citic Niya announcement shows that in the first half of 2024, the domestic wine market is still in an adjustment period, affected by changes in the structure of consumer products in the domestic market and policy factors, the market competition situation is more severe, the company's wine product sales slowed down, the overall revenue declined, resulting in a decline in sales revenue compared with the same period last year, and the operating performance of the reporting period was a loss.

In the Hong Kong stock market, Dynasty shares (00828.HK) is expected to achieve a consolidated profit of HK $17.7 million to HK $18.7 million in the first half of the year, an increase of 65% to 75% over the same period in 2023, the announcement said that Dynasty shares in the first half of the product and consumption scene innovation brought about business growth, but also with the first half received government subsidies increased by HK $6.6 million.

Grace Wine (08146.HK) is expected to lose money in the first half of 2024, due to consumers' willingness to buy wine and consumption as a whole less than expected, resulting in a significant reduction of about 40% in sales in the first half of 2024 compared to the first half of 2023, and the net loss is expected to be no more than 4 million yuan.

In the past 2023, China's wine industry finally ushered in the first industry data recovery in nearly a decade. According to the data released by the China Wine Association, in 2023, the national wine industry completed a total wine production of 300,000 million liters, an increase of 3.4%; Cumulative sales revenue of 9.09 billion yuan, an increase of 4.8%; The total profit reached 220 million yuan, an increase of 2.8%.