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Yantai Changyu Group Company Limited is a large corporation operating in a wide variety of business areas. It now holds major interests in a public company and a subsidiary, and owns four wholly-invested subsidiaries and one branch. Focusing on production of wine products, the company has vigorously expanded into such business areas as development of health-aiding wines and Chinese herbs, procession of liquor and alcohol, importing and exporting, packaging, machinery, glass products. Its products are selling very well in China and more than 20 countries and regions in the world, such as the USA, the Netherlands, Belgium, Korea, Singapore, Malaysia, Thailand, and Hong Kong. Employing more than 4,000 people country-wide, it is a financially powerful company with CNY 2.29 billion of total assets and CNY 1.48 billion net assets. Growing on the basis of Yantai Changyu Pioneer Wine Company, a winery established by a well-known overseas Chinese merchant Mr. Chang Bishi in 1892, the company has been maintaining a track record for over a century. |
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