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Dynasty earned 120 million yuan in the first half of 2008
www.wines-info.com by Wing 2008-09-28   

Dynasty released that it earned 120 million yuan by June 30, 2008. It predicted that the group's production capacity would increase to 70000 tons from 50000 tones and it would be 100000 tons by 2012.

Dynasty Wines' sales were 50000 tons in the first half of this year. White wines accounted for 10% and red wines 90%. So it's no doubt that red wine was the major source of revenue, accounting for 89.6% of the total turnover. However, the sales of white wines kept on increasing. Therefore, the proportion of white wines will increase the latter half of this year.

The average manufacturer's price of most of Dynasty wines increased. A bottle of wine increased over 23 yuan. Red wines' selling prices increased 3% -4% and white wines increased largely. Prices of wines may continue to increase in the latter half of this year.

The appreciation of the Renminbi influenced Dynasty to some extent. But Dynasty had bought the raw materials last year. Last year, the prices of grape juice fell substantially. So Dynasty cut their cost when purchasing. Therefore, the gross profit rate increased 2% compared with the same period of last year.

It's said that Dynasty had 10% shares in Chinese Mainland market. In the first half of this year, its turnover was 725 million yuan, up 10%. Their wines were sold to more than 10 European countries, including France and Italy.

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