1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Wineries & Distilleries
Yantai Changyu Pioneer Wine Co., Ltd.

Yantai Changyu Pioneer Wine Co., Ltd.

000869.SZ
Yantai Changyu Pioneer Wine Co., Ltd.CN flagShenzhen Stock Exchange
16.10
CNY
-0.55
- -
7.37BMarket Cap
Yantai Changyu Pioneer Wine Co., Ltd.
000869.SZ
(Shenzhen Stock Exchange)

Recent

price

16.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.27
8.79
8.23
6.31
6.08
6.77
6.87
7.22
7.5
7.42
4.98
5.77
5.76
6.42
4.83
4.61
4.86
Revenue per Share
2.09
2.78
2.48
1.53
1.43
1.5
1.43
1.51
1.52
1.67
0.69
0.73
0.63
0.78
0.45
0.11
0.41
Basic EPS, GAAP
1.13
1.08
0.63
-0.33
-0.25
0.54
0.27
0.79
0.92
0.83
0.51
1.31
0.98
1.53
0.45
0.5
-0.1
Free Cash Flow per Basic Share
0.92
1.08
1.17
1.12
0.52
0.47
0.54
0.54
0.58
0.69
0.78
0.44
0.49
0.5
0.56
0.45
0.44
Dividend per Share
4.36
6.06
7.3
7.74
8.68
9.71
10.63
11.7
12.68
13.78
13.76
14.03
14.31
14.6
14.6
14.96
14.8
Book Value per Share
5.53
7.12
8.43
8.85
9.56
10.47
11.34
12.29
13.22
14.46
14.21
14.54
14.9
15.15
14.96
15.27
15.19
Tangible Book Value per Share
685
686
686
685
684
687
687
683
686
683
682
685
680
683
678
648
664
Basic Weighted Avg Shares
4,983
6,028
5,644
4,321
4,157
4,650
4,718
4,933
5,142
5,074
3,395
3,953
3,919
4,385
3,277
2,989
3,226
Sales/Revenue/Turnover
37.77
41.27
39.35
31.02
30.12
29.12
27.75
28.05
27.78
31.49
19.95
19.74
16.58
16.84
9.68
5.5
8.14
Operating Margin (%)
81
96
131
133
139
178
223
285
331
340
332
322
377
370
355
355
- -
Depreciation Expense
1,434
1,907
1,701
1,048
978
1,030
982
1,032
1,043
1,141
471
500
429
532
305
71
270
Net Income, GAAP
24.64
24.9
25.08
24.97
24.95
25.78
26.69
24.65
26.06
26.21
28.85
29.21
31.05
29.62
26.48
52.21
26.49
Effective Tax Rate (%)
28.78
31.64
30.14
24.26
23.52
22.15
20.83
20.92
20.28
22.49
13.87
12.65
10.94
12.14
9.31
2.39
8.36
Profit Margin (%)
2,149
2,608
2,815
2,366
1,974
1,556
1,564
1,820
2,276
2,765
2,742
3,008
3,511
3,843
3,974
4,021
4,110
Working Capital
- -
- -
- -
- -
209
72
49
156
156
129
299
278
238
152
78
72
99
LT Debt
3,996
5,150
6,059
6,371
7,003
7,757
8,399
9,178
9,890
10,674
10,494
10,693
10,826
10,991
10,773
10,499
10,702
Total Equity
32.94
35.33
26.44
14.94
13.04
12.34
10.65
10.62
9.91
10.21
4.03
4.63
3.76
4.39
2.01
0.7
1.72
Return on Invested Capital (%)
49.63
50.87
35.28
19.21
16.02
14.57
12.53
11.97
11.22
11.37
4.59
4.75
4.11
5.26
3.04
0.74
2.68
Return on Capital (%)
55.47
53.41
37.12
20.33
17.4
16.35
14.06
13.49
12.49
12.6
5.01
5.26
4.43
5.41
3.07
0.73
2.74
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
296
289
294
LT Borrowings
51
75
78
LT Finance Leases
28
22
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
672
672
672
Market Capitalization
16,026
14,295
14,089

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,610
5,584
5,456
Cash, Cash Equivalents & STI
1,798
1,911
1,839
Accounts Receivable, Net
271
198
182
Inventories
2,904
2,870
2,960
Total Current Liabilities
1,636
1,315
1,346
Payables & Accruals
- -
- -
- -
ST Debt
296
289
294
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.17%
0.03%
-2.54%
Free Cash Flow
23.31%
24.72%
6.98%
Net Income, GAAP
-15.1%
-20.64%
-76.64%
Sales/Revenue/Turnover
-3.08%
-1.32%
-8.81%
Total Cash Common Dividend
1.02%
-8.44%
-22.37%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
811
711
675
1,080
3,277
2025
811
660
873
- -
2,989
2026
878
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
- -
- -
- -
0.45
2025
0.24
- -
- -
- -
0.11
2026
0.23
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.56
2025
0.01
- -
- -
- -
0.45
2026
0.01
- -
- -
- -
- -
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Business
Yantai Changyu Pioneer Wine Company Limited engages primarily in the production and sale of wine and brandy, offering a diverse portfolio including dry red wine, dry white wine, sweet wine, sparkling wine, and brandy products under brands such as Changyu, Jiebainer, Avelberg, Longyu, Gold Ice Valley, Keya, Liquan, Pegel, and Furanduo. The company also manufactures healthy liquor varieties and operates vineyards with advanced technology to support sustainable practices in wine production. Its product range includes PEGASE XO Brandy, PEGASE VSOP Brandy, special medicinal liquors, and tank-fermented sparkling wines. The company distributes its products mainly across China's coastal, central, and western regions and exports to over 30 countries worldwide. Founded in 1892 and headquartered in Yantai, Shandong Province, it is one of China's leading wine producers with significant production capacity exceeding 200 million bottles annually. Recently, Yantai Changyu has focused on strategic business developments, including closing a share buyback program in 2024 where it repurchased nearly 20 million shares representing 2.89% of its equity. The company is also advancing its product innovation with the launch of new wine and brandy series such as National-red Longyu and Koya Pinzhongliquan XO. It has invested over RMB 300 million in research and development to enhance vineyard management and wine production techniques, emphasizing sustainability with targets to reduce carbon emissions by 30% and increase sourcing from sustainable vineyards to over 50%. Additionally, the company maintains strategic partnerships with international brands like Australia’s Foster’s Group and French cognac producers to expand its global footprint. Operationally, it aims for moderate revenue growth despite competitive market challenges, pursuing capital investments exceeding RMB 1 billion to boost production efficiency and vineyard expansion by 20%.