Hong Kong-listed Dynasty Fine Wines Group has pointed to weak consumer demand in China after warning its profits slumped by more than 50% last year.

Dynasty Fine Wines expects to book a consolidated profit attributable to the owners of the company for 2025 in the range of around HK$11.7m to HK$15m (US$1.5m to US$1.9m)

The result would mean the group’s profit dropped by 55-65% compared to 2024.

In a stock-exchange filing, Dynasty Fine Wines said it expects to record revenue of HK$168m to HK$175m, which would amount to a 35-38% decrease.

The group, which counts Rémy Cointreau as its second-largest shareholder, saw “a significant decline in sales of medium to high-end products” last year “amid the impact of the macro-economy, as well as weak demand in wine consumption” in China.

Dynasty Fine Wines’ board will meet next week to approve the results. The company expects to publish the numbers by the end of the month.

In its stock-exchange filing on Friday (13 March), the group said it had been monitoring market conditions and had “adjusted its business strategies” by looking to tap into demand for lower-alcohol products and expanding its business online.

It added it had “also strengthened cost control”.

In the first half of 2025, Dynasty Fine Wines’ profit slid 56% to HK8.2m amid a 9% decrease in revenue to HK122.8m. White wine accounted for more than half the company's revenue in the first half of the year.

Rémy Cointreau owns 23.9% of Dynasty Fine Wines, which was set up in 1980 and listed in Hong Kong in 2005.