Yantai Changyu Pioneer Wine Co., Ltd.

Yantai Changyu Pioneer Wine Co., Ltd. (000869.SZ) is China's oldest and largest winery, founded in 1892 and headquartered in Yantai, Shandong Province. The company is principally engaged in the production and sale of wine and brandy, offering a broad portfolio of brands including Changyu, Noble Dragon, AFIP, Koya, and Roullet Fransac, distributed through approximately 4,000 distributors across domestic and international markets including France, Spain, Chile, and Australia. Listed on the Shenzhen Stock Exchange since 2000 and led by CEO Jian Sun, the company maintains its leading position in the domestic wine market, reporting operating revenue of CNY 3.28 billion in 2024. As a subsidiary of Yantai Changyu Group Company Limited, it is widely recognized as one of the ten largest wine companies in the world, with operations spanning wine production, grape growing, brandy manufacturing, and travel resource development.