Yantai Changyu Pioneer Wine Company Limited’s Net Profit Rose 1% in First Quarter of 2022

Yantai Changyu Pioneer Wine Company Limited (烟台张裕葡萄酿酒股份有限公司) (000869.SZ) reported a net profit of 289.3 million yuan in the first quarter of 2022, up 1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 13.4 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 18.3%.