Yantai Changyu Pioneer Wine Company Limited’s Net Profit Dropped 9.1% in First Quarter of 2023

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 263.1 million yuan in the first quarter of 2023, down 9.1% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 3% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 15.1%.