Yantai Changyu Pioneer Wine Company Limited’s Net Profit Dropped 14.9% in 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 431.3 million yuan in 2022, down 14.9% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 0.9% year-on-year.

At the end of the reporting period, it had 13.2 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 17.8%.