Dynasty Fine Wines Group Limited (DYNASTY WINES, stock code: 00828) issued a profit warning, projecting consolidated profit attributable to shareholders for the year ended 31 December 2025 (FY2025) at approximately HK$11.70 million–HK$15.00 million. This represents a year-on-year decrease of 55%–65% from the HK$33.40 million recorded in FY2024.

Management attributes the earnings reduction mainly to two factors:

1. Revenue is expected in the range of HK$168 million–HK$175 million, down 35%–38% from the HK$271 million posted in the prior year. The company cites macroeconomic headwinds and subdued wine consumption in Mainland China, particularly affecting medium- to high-end product sales.

2. Higher loss allowances for trade receivables further weighed on profitability.

A net gain on compensatory surrender booked during the period partly offset these negative drivers.

Operational response measures include: • Focusing on stabilising and expanding core markets with premium offerings. • Accelerating development of low-alcohol products targeting younger consumers. • Continuing to grow online sales channels. • Strengthening cost controls.

The FY2025 figures are based on unaudited management accounts and are subject to audit adjustments. The final results are scheduled for release by end-March 2026. Shareholders and investors are advised to exercise caution when trading the company’s shares until the audited numbers are available.