Yantai Changyu Pioneer Wine Company Limited’s Net Profit Rose 1% in First Half 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 350.6 million yuan in the first half of 2023, up 1% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 15.7%.