China Ouhua Winery Announces Quarterly Losses

China Ouhua Winery Holdings Ltd made its listing debut on Bursa Malaysia on 4th Nov 2010. It was the first winemaker to be listed on Bursa Malaysia.

A month before it was lited, Ouhua was featured on the EdgeMalaysia article:China Ouhua sees China's wine consumption doubling by 2013

• KUALA LUMPUR: China Ouhua Winery Holdings Ltd expects wine consumption in China to double in the next three years. Its executive chairman and chief executive officer Wang Chao says annual wine consumption in the country is currently one million tons, and he expects it to double to at least two million over the next three years....

The huge 'expectations' were pledged to the investing public.

It's now Feb 2012.

Ouhua announced its Q4 earnings.

Well.... Ouhua lost money.

Receivables increased. (115 million vs 62.9 million a year ago)

Cash depleted. (55.469 million vs 160.695 million a year ago)

........ !!