Yantai Changyu Pioneer Wine Company Limited Logo

Yantai Changyu Pioneer Wine Company Limited

000869.SZ

(2.0)
Stock Price

20,42 CNY

3.56% ROA

4.11% ROE

35.82x PER

Market Cap.

12.207.989.369,00 CNY

5.86% DER

1.95% Yield

11.24% NPM

Yantai Changyu Pioneer Wine Company Limited Stock Analysis

Yantai Changyu Pioneer Wine Company Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Yantai Changyu Pioneer Wine Company Limited Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (6%), which means it has a small amount of debt compared to the ownership it holds

2 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

3 ROE

ROE in an average range (4.11%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (3.56%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.68x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Buffet Intrinsic Value

The company's stock seems undervalued (136) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

7 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

8 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

9 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

Yantai Changyu Pioneer Wine Company Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Yantai Changyu Pioneer Wine Company Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

Yantai Changyu Pioneer Wine Company Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Yantai Changyu Pioneer Wine Company Limited Revenue
Year Revenue Growth
1994 244.573.000
1995 299.858.000 18.44%
1996 315.301.000 4.9%
1997 392.062.669 19.58%
1998 568.494.018 31.03%
1999 629.926.974 9.75%
2000 873.617.952 27.89%
2001 885.980.527 1.4%
2002 928.218.999 4.55%
2003 1.132.636.737 18.05%
2004 1.338.433.751 15.38%
2005 1.804.375.891 25.82%
2006 2.162.755.218 16.57%
2007 2.730.166.091 20.78%
2008 3.453.442.314 20.94%
2009 4.199.403.351 17.76%
2010 4.982.943.397 15.72%
2011 6.027.549.212 17.33%
2012 5.643.530.553 -6.8%
2013 4.320.948.572 -30.61%
2014 4.156.727.525 -3.95%
2015 4.649.722.368 10.6%
2016 4.717.596.472 1.44%
2017 4.932.545.229 4.36%
2018 5.142.244.740 4.08%
2019 5.031.011.489 -2.21%
2020 3.395.402.001 -48.17%
2021 3.953.067.583 14.11%
2022 3.918.941.160 -0.87%
2023 3.337.946.292 -17.41%
2023 3.795.141.088 12.05%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Yantai Changyu Pioneer Wine Company Limited Research and Development Expenses
Year Research and Development Expenses Growth
1994 0
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 13.230.000 100%
2014 3.057.225 -332.75%
2015 3.006.614 -1.68%
2016 0 0%
2017 4.320.825 100%
2018 4.784.118 9.68%
2019 6.041.116 20.81%
2020 4.531.418 -33.32%
2021 10.919.262 58.5%
2022 15.431.310 29.24%
2023 14.789.208 -4.34%
2023 17.413.534 15.07%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Yantai Changyu Pioneer Wine Company Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
1994 20.803.000
1995 25.519.000 18.48%
1996 26.589.000 4.02%
1997 62.303.486 57.32%
1998 60.350.136 -3.24%
1999 47.459.234 -27.16%
2000 69.232.785 31.45%
2001 69.840.107 0.87%
2002 78.575.746 11.12%
2003 93.860.075 16.28%
2004 104.535.981 10.21%
2005 146.518.979 28.65%
2006 169.289.875 13.45%
2007 177.966.052 4.88%
2008 194.243.184 8.38%
2009 220.052.778 11.73%
2010 130.547.121 -68.56%
2011 137.545.467 5.09%
2012 137.471.890 -0.05%
2013 147.085.074 6.54%
2014 136.876.059 -7.46%
2015 159.687.834 14.29%
2016 126.215.110 -26.52%
2017 128.513.345 1.79%
2018 104.196.602 -23.34%
2019 99.692.527 -4.52%
2020 92.808.913 -7.42%
2021 103.839.248 10.62%
2022 116.438.865 10.82%
2023 713.702.896 83.69%
2023 105.064.978 -579.3%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Yantai Changyu Pioneer Wine Company Limited EBITDA
Year EBITDA Growth
1994 67.904.000
1995 48.268.000 -40.68%
1996 70.312.000 31.35%
1997 92.827.707 24.26%
1998 99.874.084 7.06%
1999 130.070.832 23.22%
2000 198.755.384 34.56%
2001 198.984.581 0.12%
2002 210.167.268 5.32%
2003 274.974.918 23.57%
2004 345.991.033 20.53%
2005 456.338.044 24.18%
2006 654.365.709 30.26%
2007 957.339.206 31.65%
2008 1.198.539.466 20.12%
2009 1.501.785.478 20.19%
2010 2.015.944.868 25.5%
2011 2.656.985.311 24.13%
2012 2.415.199.559 -10.01%
2013 1.545.841.658 -56.24%
2014 1.461.648.381 -5.76%
2015 1.591.192.441 8.14%
2016 1.591.859.094 0.04%
2017 1.691.063.554 5.87%
2018 1.771.577.989 4.54%
2019 1.944.941.761 8.91%
2020 1.031.214.076 -88.61%
2021 1.105.865.363 6.75%
2022 1.031.603.851 -7.2%
2023 424.642.480 -142.93%
2023 1.076.542.210 60.55%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Yantai Changyu Pioneer Wine Company Limited Gross Profit
Year Gross Profit Growth
1994 137.235.000
1995 146.133.000 6.09%
1996 164.996.000 11.43%
1997 214.276.894 23%
1998 306.303.437 30.04%
1999 368.664.081 16.92%
2000 501.133.226 26.43%
2001 512.528.064 2.22%
2002 534.642.101 4.14%
2003 644.489.045 17.04%
2004 847.082.440 23.92%
2005 1.173.693.640 27.83%
2006 1.442.927.045 18.66%
2007 1.903.165.003 24.18%
2008 2.417.421.556 21.27%
2009 3.007.733.742 19.63%
2010 3.725.033.181 19.26%
2011 4.588.132.078 18.81%
2012 4.242.441.570 -8.15%
2013 2.963.050.573 -43.18%
2014 2.784.282.913 -6.42%
2015 3.137.219.333 11.25%
2016 3.141.825.493 0.15%
2017 3.260.952.950 3.65%
2018 3.240.633.233 -0.63%
2019 3.143.515.498 -3.09%
2020 1.891.524.594 -66.19%
2021 2.305.277.709 17.95%
2022 2.238.146.428 -3%
2023 1.974.250.904 -13.37%
2023 1.836.176.057 -7.52%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Yantai Changyu Pioneer Wine Company Limited Net Profit
Year Net Profit Growth
1994 43.712.000
1995 27.840.000 -57.01%
1996 40.444.000 31.16%
1997 61.174.737 33.89%
1998 79.488.654 23.04%
1999 92.321.626 13.9%
2000 127.480.258 27.58%
2001 171.656.461 25.74%
2002 111.240.563 -54.31%
2003 151.253.825 26.45%
2004 204.127.784 25.9%
2005 312.369.566 34.65%
2006 443.863.305 29.62%
2007 635.627.764 30.17%
2008 894.620.794 28.95%
2009 1.127.328.843 20.64%
2010 1.434.218.328 21.4%
2011 1.907.208.732 24.8%
2012 1.700.928.117 -12.13%
2013 1.048.185.927 -62.27%
2014 977.707.711 -7.21%
2015 1.030.073.860 5.08%
2016 982.460.488 -4.85%
2017 1.031.695.056 4.77%
2018 1.042.632.929 1.05%
2019 1.129.735.749 7.71%
2020 470.860.587 -139.93%
2021 500.102.606 5.85%
2022 428.681.411 -16.66%
2023 243.792.764 -75.84%
2023 532.438.907 54.21%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Yantai Changyu Pioneer Wine Company Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1994 0
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 1 0%
2007 1 0%
2008 1 100%
2009 2 0%
2010 2 50%
2011 3 0%
2012 2 0%
2013 2 -100%
2014 1 0%
2015 2 0%
2016 1 0%
2017 2 0%
2018 2 0%
2019 2 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 0 0%
2023 1 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Yantai Changyu Pioneer Wine Company Limited Free Cashflow
Year Free Cashflow Growth
1998 4.989.438
1999 -901.318 653.57%
2000 133.386.435 100.68%
2001 -21.232.515 728.22%
2002 -64.807.596 67.24%
2003 292.475.196 122.16%
2004 164.145.208 -78.18%
2005 281.961.753 41.78%
2006 292.750.144 3.69%
2007 496.220.773 41%
2008 964.655.094 48.56%
2009 1.092.879.089 11.73%
2010 775.476.035 -40.93%
2011 739.389.301 -4.88%
2012 431.876.396 -71.2%
2013 -227.106.149 290.16%
2014 -168.210.289 -35.01%
2015 367.578.177 145.76%
2016 185.077.668 -98.61%
2017 537.282.670 65.55%
2018 628.593.926 14.53%
2019 556.832.256 -12.89%
2020 349.228.171 -59.45%
2021 899.879.892 61.19%
2022 670.085.285 -34.29%
2023 171.560.885 -290.58%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Yantai Changyu Pioneer Wine Company Limited Operating Cashflow
Year Operating Cashflow Growth
1998 13.068.716
1999 76.974.204 83.02%
2000 177.882.620 56.73%
2001 52.614.655 -238.09%
2002 90.600.388 41.93%
2003 347.929.527 73.96%
2004 228.658.021 -52.16%
2005 325.539.508 29.76%
2006 398.074.447 18.22%
2007 816.161.158 51.23%
2008 1.251.046.530 34.76%
2009 1.359.587.515 7.98%
2010 1.289.922.042 -5.4%
2011 1.505.722.107 14.33%
2012 1.302.041.322 -15.64%
2013 735.074.307 -77.13%
2014 1.070.083.296 31.31%
2015 1.143.046.367 6.38%
2016 889.911.970 -28.44%
2017 973.243.027 8.56%
2018 975.978.746 0.28%
2019 837.838.024 -16.49%
2020 505.146.673 -65.86%
2021 1.125.382.658 55.11%
2022 868.876.647 -29.52%
2023 203.051.049 -327.91%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Yantai Changyu Pioneer Wine Company Limited Capital Expenditure
Year Capital Expenditure Growth
1998 8.079.278
1999 77.875.522 89.63%
2000 44.496.185 -75.02%
2001 73.847.170 39.75%
2002 155.407.984 52.48%
2003 55.454.331 -180.24%
2004 64.512.813 14.04%
2005 43.577.755 -48.04%
2006 105.324.303 58.63%
2007 319.940.385 67.08%
2008 286.391.436 -11.71%
2009 266.708.426 -7.38%
2010 514.446.007 48.16%
2011 766.332.806 32.87%
2012 870.164.926 11.93%
2013 962.180.456 9.56%
2014 1.238.293.585 22.3%
2015 775.468.190 -59.68%
2016 704.834.302 -10.02%
2017 435.960.357 -61.67%
2018 347.384.820 -25.5%
2019 281.005.768 -23.62%
2020 155.918.502 -80.23%
2021 225.502.766 30.86%
2022 198.791.362 -13.44%
2023 31.490.164 -531.28%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Yantai Changyu Pioneer Wine Company Limited Equity
Year Equity Growth
1994 85.282.000
1995 91.110.000 6.4%
1996 189.259.653 51.86%
1997 503.135.117 62.38%
1998 514.976.290 2.3%
1999 573.097.916 10.14%
2000 1.250.121.625 54.16%
2001 1.356.778.086 7.86%
2002 1.416.018.649 4.18%
2003 1.567.272.474 9.65%
2004 1.740.200.258 9.94%
2005 1.849.769.824 5.92%
2006 2.009.713.129 7.96%
2007 2.229.020.376 9.84%
2008 2.543.633.170 12.37%
2009 3.038.226.013 16.28%
2010 3.839.708.341 20.87%
2011 5.013.641.661 23.41%
2012 5.913.104.178 15.21%
2013 6.208.279.705 4.75%
2014 6.840.452.145 9.24%
2015 7.564.099.003 9.57%
2016 8.209.010.989 7.86%
2017 8.906.342.299 7.83%
2018 9.890.487.377 9.95%
2019 10.578.837.930 6.51%
2020 10.504.430.634 -0.71%
2021 10.692.676.604 1.76%
2022 10.825.580.294 1.23%
2023 10.865.432.363 0.37%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Yantai Changyu Pioneer Wine Company Limited Assets
Year Assets Growth
1994 292.081.000
1995 358.382.000 18.5%
1996 456.366.125 21.47%
1997 753.379.748 39.42%
1998 729.223.318 -3.31%
1999 820.918.829 11.17%
2000 1.610.758.121 49.04%
2001 1.663.387.875 3.16%
2002 1.829.878.271 9.1%
2003 1.950.996.786 6.21%
2004 2.165.522.386 9.91%
2005 2.347.684.371 7.76%
2006 2.729.228.871 13.98%
2007 3.251.224.474 16.06%
2008 4.060.932.580 19.94%
2009 5.364.160.798 24.3%
2010 5.983.377.253 10.35%
2011 7.295.944.221 17.99%
2012 8.123.134.580 10.18%
2013 8.001.532.444 -1.52%
2014 8.912.232.640 10.22%
2015 10.344.211.461 13.84%
2016 11.528.077.971 10.27%
2017 12.536.755.208 8.05%
2018 13.117.729.052 4.43%
2019 13.647.932.568 3.88%
2020 13.102.481.541 -4.16%
2021 13.472.009.754 2.74%
2022 13.171.506.378 -2.28%
2023 12.990.701.239 -1.39%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Yantai Changyu Pioneer Wine Company Limited Liabilities
Year Liabilities Growth
1994 206.799.000
1995 267.272.000 22.63%
1996 267.106.472 -0.06%
1997 250.244.631 -6.74%
1998 214.247.028 -16.8%
1999 247.820.913 13.55%
2000 358.981.036 30.97%
2001 304.954.329 -17.72%
2002 386.546.223 21.11%
2003 356.029.984 -8.57%
2004 388.624.203 8.39%
2005 460.200.945 15.55%
2006 665.912.558 30.89%
2007 936.845.404 28.92%
2008 1.431.905.050 34.57%
2009 2.189.479.737 34.6%
2010 1.987.231.958 -10.18%
2011 2.145.984.073 7.4%
2012 2.063.649.393 -3.99%
2013 1.630.511.960 -26.56%
2014 1.909.039.716 14.59%
2015 2.587.653.435 26.23%
2016 3.128.593.285 17.29%
2017 3.358.776.530 6.85%
2018 3.227.241.675 -4.08%
2019 3.069.094.638 -5.15%
2020 2.598.050.907 -18.13%
2021 2.779.333.150 6.52%
2022 2.345.926.084 -18.47%
2023 2.125.268.876 -10.38%

Yantai Changyu Pioneer Wine Company Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
5.73
Net Income per Share
0.64
Price to Earning Ratio
35.82x
Price To Sales Ratio
3.12x
POCF Ratio
22.84
PFCF Ratio
22.24
Price to Book Ratio
1.47
EV to Sales
2.8
EV Over EBITDA
16.36
EV to Operating CashFlow
15.91
EV to FreeCashFlow
19.98
Earnings Yield
0.03
FreeCashFlow Yield
0.04
Market Cap
12,21 Bil.
Enterprise Value
10,96 Bil.
Graham Number
15.09
Graham NetNet
2.43

Income Statement Metrics

Net Income per Share
0.64
Income Quality
2.36
ROE
0.04
Return On Assets
0.03
Return On Capital Employed
0.06
Net Income per EBT
0.7
EBT Per Ebit
1.01
Ebit per Revenue
0.16
Effective Tax Rate
0.32

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.58
Operating Profit Margin
0.16
Pretax Profit Margin
0.16
Net Profit Margin
0.11

Dividends

Dividend Yield
0.02
Dividend Yield %
1.95
Payout Ratio
0.75
Dividend Per Share
0.45

Operating Metrics

Operating Cashflow per Share
1.01
Free CashFlow per Share
0.8
Capex to Operating CashFlow
-0.2
Capex to Revenue
-0.04
Capex to Depreciation
0
Return on Invested Capital
0.04
Return on Tangible Assets
0.04
Days Sales Outstanding
50.87
Days Payables Outstanding
108.22
Days of Inventory on Hand
670.47
Receivables Turnover
7.18
Payables Turnover
3.37
Inventory Turnover
0.54
Capex per Share
-0.21

Balance Sheet

Cash per Share
2,75
Book Value per Share
15,70
Tangible Book Value per Share
14.97
Shareholders Equity per Share
15.7
Interest Debt per Share
0.96
Debt to Equity
0.06
Debt to Assets
0.05
Net Debt to EBITDA
-1.86
Current Ratio
2.9
Tangible Asset Value
10,21 Bil.
Net Current Asset Value
3,45 Bil.
Invested Capital
0.06
Working Capital
3,65 Bil.
Intangibles to Total Assets
0.05
Average Receivables
0,57 Bil.
Average Payables
0,45 Bil.
Average Inventory
2962142712
Debt to Market Cap
0.05

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Yantai Changyu Pioneer Wine Company Limited Dividends
Year Dividends Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 100%
2012 1 0%
2013 1 0%
2014 1 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 0 0%
2022 0 0%
2023 0 0%

Yantai Changyu Pioneer Wine Company Limited Profile

About Yantai Changyu Pioneer Wine Company Limited

Yantai Changyu Pioneer Wine Company Limited, together with its subsidiaries, develops, produces, and sells wine, brandy, and sparkling wine in China, Chile, France, Australia, and Spain. It is also involved in grape growing and acquisition, as well as travel resource development, etc. The company was founded in 1997 and is headquartered in Yantai, China. Yantai Changyu Pioneer Wine Company Limited is a subsidiary of Changyu Group Company Limited.

CEO
Mr. Jian Sun
Employee
2.270
Address
No. 56 Da Ma Lu
Yantai, 264000

Yantai Changyu Pioneer Wine Company Limited Executives & BODs

Yantai Changyu Pioneer Wine Company Limited Executives & BODs
# Name Age
1 Mr. Zhenbo Xiao
General Manager Assistant
70
2 Mr. Jianfu Pan
General Manager Assistant
70
3 Mr. Shilu Liu
General Manager Assistant
70
4 Mr. Jiang Hua
Deputy General Manager
70
5 Mr. Qingkun Kong
General Manager Assistant
70
6 Mr. Bin Peng
Deputy General Manager
70
7 Mr. Jianxun Jiang
Deputy GM, Secretary & Director
70
8 Mr. Jian Sun
GM & Director
70
9 Mr. Jiming Li
Deputy GM & Director
70

Yantai Changyu Pioneer Wine Company Limited Competitors