Yantai Changyu Pioneer Wine Company Limited’s Net Profit Dropped 6.8% in First Half 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 347 million yuan in the first half of 2022, down 6.8% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 19.3%.