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China Tontine Wines Group
(0389)
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Rating:57Neutral
Price Target:
HK$0.37
â–²(43.46% Upside)
Action:Reiterated
Date:09/11/26
The score is driven primarily by improving financial performance and cash-flow rebound alongside a low-leverage balance sheet, tempered by a history of volatile losses and inconsistent profitability. Technicals are broadly neutral-to-mixed, and valuation is a key drag due to the negative P/E and no stated dividend yield.
Positive Factors
Revenue Recovery
The sharp 2025 revenue rebound indicates improving sales traction across the company’s wine business and provides a stronger base for operating leverage. If maintained, higher volume can support better cost absorption and help rebuild earnings capacity after the prior-year downturn.
Negative Factors
Unstable Profitability
The move toward breakeven is encouraging, but the company has not yet established a dependable earnings record. Extremely large prior losses and a still-negative 2025 net margin indicate that revenue recovery has not consistently translated into sustainable profitability, limiting confidence in near-term earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The sharp 2025 revenue rebound indicates improving sales traction across the company’s wine business and provides a stronger base for operating leverage. If maintained, higher volume can support better cost absorption and help rebuild earnings capacity after the prior-year downturn.
Read all positive factors
China Tontine Wines Group (0389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$113.09M
Dividend Yield3.69%
Average Volume (3M)712.59K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth61.46%
EPS Growth89.83%
CountryHK
Employees79
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding301,561,800
10 Day Avg. Volume845,163
30 Day Avg. Volume712,593
Financial Highlights & Ratios
PEG Ratio1.38
Price to Book (P/B)1.27
Price to Sales (P/S)0.73
P/FCF Ratio3.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China Tontine Wines Group Business Overview & Revenue Model
Company Description
China Tontine Wines Group Limited, an investment holding company, produces and sells grape wine in the People's Republic of China. It offers sweet wines and dry wines under the Tongtian, Tongtian Hong, and TONTINE labels. The company also produces...
How the Company Makes Money
The company primarily makes money by selling wine products under its portfolio of brands through a combination of direct sales and distributor-based distribution in the PRC. Revenue is generated mainly from (i) packaged/bottled wine sales to whole...
China Tontine Wines Group Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
72
Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 159.37M | 107.99M | 189.14M | 146.12M | 208.37M |
| Gross Profit | 28.07M | 7.36M | 28.15M | 53.19M | 91.57M |
| EBITDA | 5.18M | -345.23M | -49.97M | -8.57M | 25.03M |
| Net Income | -843.00K | -321.30M | -80.20M | -26.40M | 11.34M |
Balance Sheet | |||||
| Total Assets | 222.50M | 217.43M | 553.43M | 607.07M | 645.84M |
| Cash, Cash Equivalents and Short-Term Investments | 33.88M | 755.00K | 95.48M | 70.89M | 85.87M |
| Total Debt | 2.90M | 0.00 | 5.01M | 913.00K | 1.58M |
| Total Liabilities | 69.49M | 60.11M | 56.05M | 39.37M | 67.10M |
| Stockholders Equity | 91.73M | 92.58M | 403.92M | 483.63M | 493.52M |
Cash Flow | |||||
| Free Cash Flow | 33.18M | -94.79M | 18.30M | -30.43M | 15.55M |
| Operating Cash Flow | 34.13M | -94.25M | 23.67M | -7.03M | 21.70M |
| Investing Cash Flow | -4.18M | -477.00K | -3.13M | -21.11M | -5.91M |
| Financing Cash Flow | -867.00K | 0.00 | 4.05M | 13.17M | 32.63M |
China Tontine Wines Group Technical Analysis
Positive
0.26
Price Trends
0.30
Positive
0.26
Positive
0.33
Positive
Market Momentum
0.02
Positive
48.65
Neutral
11.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0389, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.30, and below the 200-day MA of 0.33, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 11.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0389.
China Tontine Wines Group Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$403.46M | 10.95 | 5.16% | 5.56% | -8.21% | ― | |
64 Neutral | HK$194.00M | 3.67 | 15.48% | ― | -4.14% | 0.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$113.09M | -15.80 | -6.57% | 3.69% | 61.46% | 89.83% | |
50 Neutral | HK$228.16M | 41.54 | 1.80% | 2.16% | -49.66% | -73.78% | |
44 Neutral | HK$138.75M | -5.35 | -9.40% | 4.79% | ― | ― | |
43 Neutral | HK$235.77M | -61.70 | -3.96% | 112.17% | -9.97% | 94.50% |
* Consumer Defensive Sector Average
HK:0389
China Tontine Wines Group
0.36
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-16.28%
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China Tontine Wines Group Corporate Events
China Tontine Wines Shareholders Oust Five Directors in Sweeping Governance Shake-Up
Sep 11, 2026
China Tontine Wines Group Limited, a Hong Kong-listed wine producer, manufactures and markets wine products to consumers in China and surrounding regions. As a Bermuda-incorporated issuer on the Hong Kong Stock Exchange, its governance and board c...
China Tontine Wines Sets Board and Committee Structure
Sep 11, 2026
China Tontine Wines Group Limited has announced the current composition of its board of directors, which includes three executive directors, two non-executive directors and one independent non-executive director, reflecting a streamlined governanc...
China Tontine Wines Reshapes Offer Committee, Hires Independent Adviser
Sep 4, 2026
China Tontine Wines Group Limited has adjusted the composition of its Independent Board Committee after independent non-executive director Chan Wai Kit disclosed a potential conflict of interest linked to his role at Amasse Capital Holdings, whose...
China Tontine Wines Sets Timetable for Conditional Partial Cash Offer
Sep 3, 2026
A conditional voluntary cash partial offer has been launched for 56,320,200 shares of China Tontine Wines Group Limited that are not already owned by Mr. Wang He and parties acting in concert with him, signaling a potential change in the sharehold...
Regulatory Consent Clears Way for Partial Takeover Bid at China Tontine Wines
Sep 2, 2026
China Tontine Wines Group is facing a partial takeover bid, as investor Wang He has moved to acquire 56,320,200 shares in the Hong Kong-listed wine company through I Win Securities Limited, excluding those already held by him and his concert parti...
China Tontine Wines Sets Out Board and Committee Structure
Sep 1, 2026
China Tontine Wines Group Limited has announced the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive members. The disclosure underscores the company’s governance frame...
China Tontine Wines appoints two new executive directors to strengthen board
Sep 1, 2026
China Tontine Wines Group has strengthened its senior management team by appointing two new executive directors, effective 1 September 2026, as it seeks to bolster its governance and operational capabilities. The new appointees, both on initial tw...
China Tontine Wines grows revenue but slips into interim loss
Aug 31, 2026
China Tontine Wines Group Limited, incorporated in Bermuda and listed on the Hong Kong Stock Exchange, is a producer and distributor of wines serving the Mainland China market, deriving its income from a range of wine products. The company’s...
China Tontine Wines Reshapes Board Leadership as Huang Chuwu Becomes Chairman
Aug 31, 2026
China Tontine Wines Group has announced a leadership reshuffle effective 31 August 2026, with long‑standing executive director and chief executive officer Mr. Sun Jialiang stepping down as chairman of the board for personal reasons. Mr. Sun ...
China Tontine Wines Sets Out Board Structure and Governance Committees
Aug 31, 2026
China Tontine Wines Group Limited has announced the current composition of its board of directors and the allocation of roles among executive, non-executive and independent non-executive members. The structure underscores the company’s empha...
China Tontine Wines Faces Major Board Shake-Up at September SGM
Aug 26, 2026
China Tontine Wines Group Limited, a Bermuda-incorporated wine producer listed in Hong Kong, operates from a principal office in Kowloon and uses Hong Kong-based share registrar services to manage its investor base. The company is active in the al...
China Tontine Wines Brings Forward Special General Meeting and Sets Share Register Closure
Aug 26, 2026
China Tontine Wines Group Limited has rescheduled its special general meeting from 28 September 2026 to 11 September 2026 at 5:00 p.m., with the venue unchanged, following an agreement between the company and the shareholder who requisitioned the ...
China Tontine Wines Announces Auditor Name Change
Aug 25, 2026
China Tontine Wines Group Limited is a Bermuda-incorporated wine producer and distributor listed on the Hong Kong Stock Exchange, focusing on the Chinese market and overseen by a board that includes executive, non-executive and independent directo...
China Tontine Wines Faces Pre-Conditional Cash Partial Offer
Aug 21, 2026
China Tontine Wines Group Limited has disclosed that an offeror intends to make a pre-conditional voluntary cash partial offer to acquire 56,320,200 shares, equal to about 18.68% of its issued share capital, in addition to the 11.22% stake already...
China Tontine Wines Ends Share Placing as Trading Halt Continues Ahead of Takeover Move
Aug 20, 2026
China Tontine Wines Group Limited has terminated its placing agreement and related supplemental agreement for the proposed issue of up to 60,312,360 new shares under its general mandate. The placing price had been revised from HK$0.145 to HK$0.290...
China Tontine Wines Sets Special Meeting as Trading Halt Continues Amid Takeover Talks
Aug 18, 2026
China Tontine Wines Group Limited has scheduled a special general meeting for 28 September 2026 in Hong Kong, following a shareholder requisition that called on the board to convene the gathering. The company will distribute a circular, meeting no...
China Tontine Wines Schedules Interim Results Meeting Amid Trading Halt and Pending Takeover News
Aug 17, 2026
China Tontine Wines Group has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to consider the declaration of an interim dividend. The meeting will also address the pu...
China Tontine Wines Faces Court Constraints on Share Placing as Trading Suspension Continues
Aug 14, 2026
China Tontine Wines Group has disclosed an update on High Court Miscellaneous Proceedings No. 1316 of 2026 involving Bon Voyage Development Limited and Mr. Wang He as plaintiffs, with the company and four directors named as defendants. The case ce...
Wang He Launches Pre-Conditional Partial Cash Offer for China Tontine Wines Shares
Aug 13, 2026
China Tontine Wines Group has become the target of a pre-conditional voluntary cash partial offer, as shareholder Wang He signaled his firm intention to acquire an additional 56,320,200 shares at HK$0.20 per share through I Win Securities. Wang He...
Major Shareholder Seeks Board Shake-Up at China Tontine Wines Group
Aug 11, 2026
China Tontine Wines Group has received a requisition from shareholder Bon Voyage Development Limited, which holds about 13.26% of its share capital, demanding that the board convene a special general meeting. The proposed meeting would vote on ord...
China Tontine Wines Halts Trading Ahead of Takeover Announcement
Aug 7, 2026
China Tontine Wines Group has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on August 7, 2026. The suspension comes ahead of the release of a takeover announcement that qualifies as inside info...
China Tontine Faces Court Challenge Over Placing Agreement
Aug 6, 2026
China Tontine Wines Group Limited has disclosed that Bon Voyage Development Limited and an individual shareholder, Wang He, have initiated miscellaneous proceedings in the Hong Kong High Court concerning a placing agreement entered into with Miner...
China Tontine Wines Shifts Bermuda Registered Office While Keeping Hong Kong Registrar
Aug 5, 2026
China Tontine Wines Group Limited, a Bermuda-incorporated wine producer listed in Hong Kong, serves investors in the region and beyond through its offshore registration and Hong Kong share listing. The group’s governance structure includes e...
China Tontine Wines Rejects Major Share Subscription Proposal from Substantial Shareholder
Aug 4, 2026
China Tontine Wines Group Limited has disclosed that it received a proposal from substantial shareholder Wang He to subscribe for 20% new shares at HK$0.20 per share under a specific mandate. The proposal was conditional on cancelling an existing ...
China Tontine Wines launches discounted share placing to raise HK$8.75 million
Jul 26, 2026
China Tontine Wines Group Limited has entered into a placing agreement to issue up to 60,312,360 new shares under its general mandate, representing 20% of its existing share capital and about 16.67% of the enlarged share base. The shares will be p...
China Tontine Wines Announces Company Secretary Resignation and Governance Continuity
Jun 30, 2026
China Tontine Wines Group Limited has announced the resignation of joint company secretary Mr. Lai Wai Hing, effective 30 June 2026, with no disagreements reported with the board and no issues requiring attention from shareholders or the Stock Exc...
China Tontine Wines Wins Strong Shareholder Backing at 2026 AGM
Jun 16, 2026
China Tontine Wines Group Limited reported that all resolutions put to shareholders at its annual general meeting on 16 June 2026 were approved by poll. The meeting, attended by all directors either in person or electronically, endorsed the 2025 a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.