Yantai Changyu Pioneer Wine Company Limited’s Net Profit Dropped 7.3% in First Three Quarters 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 416.3 million yuan in the first three quarters of 2022, down 7.3% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 5.2% year-on-year.

At the end of the reporting period, it had 13.1 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 17.6%.