000869.SHE Yantai Changyu Pioneer Wine Co Ltd
- Market cap
- CNY 11.1B
- P/E
- 246.7x
- P/B
- 1.07x
- ROE
- 2.0%
- Dividend yield
- 2.64%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000869.SHE undervalued?
Graham numberThe Graham number of Yantai Changyu Pioneer Wine Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Yantai Changyu Pioneer Wine Co Ltd fundamental analysis
No fundamental analysis for Yantai Changyu Pioneer Wine Co Ltd yet.
Yantai Changyu Pioneer Wine Co Ltd stock price
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About Yantai Changyu Pioneer Wine Co Ltd
Yantai Changyu Pioneer Wine Company Limited, together with its subsidiaries, produces and sells wine, brandy, and sparkling wine in China, France, Spain, Chile, and Australia. The company operates under the Changyu, Noble Dragon, AFIP, Longyu, Long Tailed Cat, Golden Icewine Valley, Zenithwirl, Vermouth, Rena, Baron Balboa, Donelly, Atrio, Kilikanoon, IWCC, Koya, Liquan, Mminni, Pagese, Roullet Fransac, and other names. It is also involved in grape growing and acquisition, a…
Full company profileYantai Changyu Pioneer Wine Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Yantai Changyu Pioneer Wine Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 4.72B | 4.93B | 5.14B | 5.07B | 3.40B | 3.95B | 3.92B | 4.38B | 3.28B | 2.99B | 3.00B |
| Gross Profit | 3.12B | 3.23B | 3.22B | 3.17B | 1.87B | 2.29B | 2.23B | 2.58B | 1.87B | 1.66B | 1.73B |
| Operating Income | 1.28B | 1.36B | 1.40B | 1.54B | 655M | 717M | 622M | 739M | 426M | 164M | 332M |
| EBITDA | 1.53B | 1.66B | 1.67B | 1.86B | 948M | 1.03B | 975M | 1.03B | 591M | 529M | 325M |
| Net Income | 982M | 1.03B | 1.04B | 1.14B | 471M | 500M | 429M | 532M | 305M | 71.3M | 202M |
| EPS | 1.43 | 1.51 | 1.52 | 1.67 | 0.69 | 0.73 | 0.63 | 0.78 | 0.45 | 0.11 | 0.31 |
| Balance Sheet | |||||||||||
| Total Assets | 11.5B | 12.5B | 13.1B | 13.6B | 13.1B | 13.5B | 13.2B | 13.3B | 12.5B | 12.1B | 12.1B |
| Total Liabilities | 3.13B | 3.36B | 3.23B | 3.07B | 2.60B | 2.78B | 2.35B | 2.35B | 1.75B | 1.55B | 1.77B |
| Shareholders' Equity | 8.21B | 8.91B | 9.61B | 10.3B | 10.3B | 10.4B | 10.6B | 10.8B | 10.6B | 10.3B | 10.2B |
| Cash & Short-term Investments | 1.39B | 1.40B | 1.48B | 1.57B | 1.19B | 1.57B | 1.65B | 2.22B | 1.80B | 1.89B | 2.30B |
| Total Debt | 783M | 982M | 997M | 1.03B | 1.02B | 1.01B | 771M | 537M | 294M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 890M | 973M | 976M | 838M | 505M | 1.13B | 869M | 1.17B | 398M | 356M | - |
| Capital Expenditure | 705M | 436M | 347M | 281M | 156M | 226M | 199M | 132M | 94.6M | 31.5M | 47.9M |
| Free Cash Flow | 185M | 537M | 629M | 557M | 349M | 900M | 670M | 1.04B | 303M | 324M | 890M |
| Ratios | |||||||||||
| ROE | 12.0% | 11.6% | 10.9% | 11.1% | 4.6% | 4.8% | 4.1% | 4.9% | 2.9% | 0.7% | 2.0% |
| ROA | 8.5% | 8.2% | 7.9% | 8.4% | 3.6% | 3.7% | 3.3% | 4.0% | 2.4% | 0.6% | 1.7% |
| Net Profit Margin | 20.8% | 20.9% | 20.3% | 22.5% | 13.9% | 12.7% | 10.9% | 12.1% | 9.3% | 2.4% | 6.7% |
| Debt to Equity | 0.10x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.07x | 0.05x | 0.03x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Yantai Changyu Pioneer Wine Co Ltd dividends
- Dividend yield
- 2.64%
- Forward dividend
- 0.25 CNY
- Payout ratio
- 411.0%
- Ex-dividend date
- Jun 12, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 293M | 0.45 | 411.0% |
| 2024 | CNY 377M | 0.56 | 123.7% |
| 2023 | CNY 308M | 0.45 | 57.9% |
| 2022 | CNY 333M | 0.49 | 77.7% |
| 2021 | CNY 274M | 0.40 | 54.8% |
| 2020 | CNY 480M | 0.70 | 101.9% |
| 2019 | CNY 411M | 0.60 | 36.0% |
| 2018 | CNY 397M | 0.58 | 38.1% |
| 2017 | CNY 370M | 0.54 | 35.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 13:10 on Jun 18, 2012.
Who owns Yantai Changyu Pioneer Wine Co Ltd
- Insiders 77.45%
- Institutions 2.36%
- Public & others 20.19%
- Shares outstanding 458M
- Free float 262M
Yantai Changyu Pioneer Wine Co Ltd company profile
- Company name
- Yantai Changyu Pioneer Wine Co Ltd
- Ticker
- 000869.SHE
- ISIN
- CNE000001568
- Exchange
- Shenzhen Stock Exchange
- Sector
- Consumer Defensive
- Industry
- Beverages
- Employees
- 2,111
- Fiscal year end
- December
- Address
- No. 56 Da Ma Lu, Yantai, China, 264000
- Phone
- 86 53 5663 3656
- Website
- changyu.com.cn
About Yantai Changyu Pioneer Wine Co Ltd
Yantai Changyu Pioneer Wine Company Limited, together with its subsidiaries, produces and sells wine, brandy, and sparkling wine in China, France, Spain, Chile, and Australia. The company operates under the Changyu, Noble Dragon, AFIP, Longyu, Long Tailed Cat, Golden Icewine Valley, Zenithwirl, Vermouth, Rena, Baron Balboa, Donelly, Atrio, Kilikanoon, IWCC, Koya, Liquan, Mminni, Pagese, Roullet Fransac, and other names. It is also involved in grape growing and acquisition, and travel resource development activities. The company was founded in 1997 and is headquartered in Yantai, China. Yantai Changyu Pioneer Wine Company Limited operates as a subsidiary of Yantai Changyu Group Company Limited.
Yantai Changyu Pioneer Wine Co Ltd management
9- Mr. Jian SunGM & Director · born 1967
- Ms. Cuimei GuoHead of the Accounting Dept., GM Assistant & Dpty. Director of Overseas Enterprise Management · born 1974
- Mr. Jiming LiDeputy GM & Director · born 1967
- Mr. Jianxun JiangDeputy GM, Secretary & Director · born 1967
- Mr. Qingkun KongGeneral Manager Assistant · born 1973
- Mr. Bin PengDeputy General Manager · born 1967
- Mr. Jianfu PanGeneral Manager Assistant · born 1976
- Mr. Shilu LiuGeneral Manager Assistant · born 1975
- Mr. Hongbo SUNGM Assistant, GM of the Online Sales Business Division and GM of theE-commerce · born 1983