# vineyard write-off

China’s ‘Organic Wine’ Pioneer Flags Heavy Write-down, Plans to Scrap 600 Mu of Vines as Earnings Slide

Weilong Co., a prominent listed organic-wine producer in China, warned of a 2025 net loss of Rmb40.92–66.11 million and will scrap 600 mu of vineyards as part of a Rmb62.68 million impairment package. The company attributes the shortfall to weak market demand, provisions at a subsidiary, and disrupted cash access after its controller faced legal trouble and much of the controlling shareholder’s stake was frozen.