Stock Code: 000869， 200869 StockAbbreviation: Changyu A， Changyu B Announcement No.: 2023-Final 01
Yantai Changyu Pioneer Wine Co., Ltd.
2022Annual Report Abstract
April 13, 2023
I. Important Notice
This Annual Report Abstract comes from the whole contents of annual report. If investors desire to
comprehensively understand the Company’s operating results, financial situation and future
development plan, please read the Annual Report on the media specified by the China Securities
Regulatory Commission.
Except for the following director, other directors attended this board meeting for reviewing this
annual report in person.
Name of director not attending Position of director not attending Reason of not attending the Name of
the meeting personally the meeting personally meeting personally entrustee
Aldino Marzorati Director On a business trip Enrico Sivieri
Non-standard audit opinion notice
□Available Not available
The preliminary scheme of the report period’s ordinary share profit distribution or increasing equity
with reserve deliberated by the board of the directors
Available □Not available
Whether to increase equity with reserve
□Yes No
The Company’s preliminary scheme of profit distribution deliberated and passed by the board of
directors this time is shown as following: Based on the Company’s total 685,464,000 shares, we plan
to pay CNY4.5 (including tax) in cash as dividends for every 10 shares to all shareholders and send 0
bonus share (including tax). Capital reserve will not be transferred to equity.
The preliminary scheme of preferred share profit distribution during the report period deliberated and
passed by the board of directors
□Available Not available
II. Basic information of the Company
1. Brief introduction of the Company
StockAbbreviation ChangyuA, Changyu B Stock Code 000869, 200869
Place of Stock Listing Shenzhen Stock Exchange
StockAbbreviation -
beforeAlteration
Contact person and Secretary to the Board of Directors Authorized Representative of Securities
information Affairs
Name Mr. Jianxun Jiang Mr. Tingguo Li
Address 56 Dama Road, Yantai, Shandong, China 56 Dama Road, Yantai, Shandong, China
Fax 0086-535-6633639 0086-535-6633639
Tel 0086-535-6602761 0086-535-6633656
E-mail jiangjianxun@changyu.com.cn stock@changyu.com.cn
2. Main businesses during the report period or brief introduction of products
(1) Situation of industry in which the Company operates during the report period
In 2022, the domestic wine market continued to decline due to the impact of the economic situation
and the pressure from other liquors such as Baijiu and beers. The sales volume of imported wine and
domestic wine continued the trend of “double decline”, and the rising costs of raw material and
packaging further dragged down the profitability of enterprises. The vast majority of wine enterprises
were in difficulty, and the domestic wine industry was still on the edge of loss.
In the face of difficulties and challenges, the Company persisted in taking the market as the center,
adhered to the development strategy of “Focus on middle-and-high level, Focus on high quality,
Focus on large single product” and the marketing philosophy of “obtaining growth from the terminal
and nurturing consumers”, took market-oriented action to accelerate the pace of business division
reform, actively carry out circle marketing and continue to promote digital transformation . In 2022,
the Company realized the operating revenue of CNY3918.94million with a year-on-year decrease of
0.86% and the net profit attributable to the parent company’s shareholders of CNY428.68million
with a year-on-year decrease of 14.28%, maintaining the leading role in the industry.
(2) Main businesses during the report period
The Company need to comply with the disclosure requirements of Food and Liquor Manufacturing
Related Businesses in Shenzhen Stock Exchange Industry Information Disclosure Guideline No. 3 -
Industry Information Disclosure.
① Situation of the industry in which the Company operates
During the report period, the Company’s main business was production and operation of wine and
brandy, thus providing domestic and foreign consumers with healthy and fashionable
alcoholic drinks. Compared with earlier stage, there were no significant changes happened to the
Company’s main business. The wine industry that the Company involved
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