Changyu Wine

Changyu Wine

Changyu wine at a cocktail party in Yantai, Shandong Province, China, March 28, 2023. On May 29, 2023, Yantai Changyu Wine Co., LTD., a domestic wine leader, disclosed that on average, all products in the domestic business increased by 3.3 yuan per bottle, and Longyu series products increased by 105 yuan per bottle. However, it is worth noting that while the average price of the product has risen, the gross profit margin of Changyu wine has declined. In 2022, Changyu Wine's gross profit margin was 57.11%, a decrease of 1.21% year-on-year.

Changyu Wine

Changyu Wine

Changyu wine at a cocktail party in Yantai, Shandong Province, China, March 28, 2023. On May 29, 2023, Yantai Changyu Wine Co., LTD., a domestic wine leader, disclosed that on average, all products in the domestic business increased by 3.3 yuan per bottle, and Longyu series products increased by 105 yuan per bottle. However, it is worth noting that while the average price of the product has risen, the gross profit margin of Changyu wine has declined. In 2022, Changyu Wine's gross profit margin was 57.11%, a decrease of 1.21% year-on-year.

Changyu Wine

Changyu Wine

Changyu wine at a cocktail party in Yantai, Shandong Province, China, March 28, 2023. On May 29, 2023, Yantai Changyu Wine Co., LTD., a domestic wine leader, disclosed that on average, all products in the domestic business increased by 3.3 yuan per bottle, and Longyu series products increased by 105 yuan per bottle. However, it is worth noting that while the average price of the product has risen, the gross profit margin of Changyu wine has declined. In 2022, Changyu Wine's gross profit margin was 57.11%, a decrease of 1.21% year-on-year.

Changyu Wine

Changyu Wine

Changyu wine at a cocktail party in Yantai, Shandong Province, China, March 28, 2023. On May 29, 2023, Yantai Changyu Wine Co., LTD., a domestic wine leader, disclosed that on average, all products in the domestic business increased by 3.3 yuan per bottle, and Longyu series products increased by 105 yuan per bottle. However, it is worth noting that while the average price of the product has risen, the gross profit margin of Changyu wine has declined. In 2022, Changyu Wine's gross profit margin was 57.11%, a decrease of 1.21% year-on-year.