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China Tontine Wines posted RMB 355 million 2018 revenue
Adjusting its marketing strategy and continued to optimise its product mix
Year ended 31 December
2017 2018 Change
Revenue (RMB'000) 323,559 354,911 9.7%
Gross profit ((RMB'000) 70,443 76,485 8.6%
Gross profit margin 21.8% 21.6% (0.2)percentage points
Profit / (Loss) and total comprehensive income / (expense) for the year attributable to owners of the Company (RMB'000) (37,094) 4,026 N/A



Key financial ratios
Year ended 31 December
2017 2018
Return on equity (6.6%) (0.6%)
Return on assets (5.4%) (0.5%)
Current ratio 7.7 9.5
Inventory turnover days 478 386
Trade receivables turnover days (days) 64 93
Trade payables turnover days (days) 15 17