- Business
- Wei Long Grape Wine Co., Ltd. (603779.SS) processes, produces and sells wines primarily in China. The company offers a range of products under the Weilong brand, including organic wines, ecological wines, traditional dry wines, red wines, white wines, green wines, rosé wines, sweet wines, sparkling wines, grape special wines, grape distilled spirits and brandy; it also engages in grape and orange tree planting, crop farming, and agricultural and animal husbandry production. Founded in 2007 and headquartered in Longkou, Shandong Province, China, the company operates through two main segments—wine production and sales, and agricultural production—and maintains vineyard and winery operations in regions such as Yantai and Shandong, with an Australian division featuring approximately 600 hectares of vineyards in northwest Victoria and a 26,000-tonne capacity winery near Mildura for bulk wine export to China. Recent developments include ongoing shareholding increase plans by controlling shareholder Xinghe Xirang, which remain partially unimplemented as of late 2025 due to capital arrangements, alongside announcements of the 2025 third-quarter business data, resolutions from the third extraordinary general meeting of shareholders, and updates to the organizational structure management system in October 2025. The company, one of China's top wine producers, continues to emphasize its integrated industry chain for quality grape sourcing and has faced share judicial freezing involving the controlling shareholder and major shareholders in recent filings.