Changyu Group, formerly known as Changyu Brewing Company, was founded in 1892 with 3 million taels of silver invested by Zhang Bishi, a famous patriotic overseas Chinese industrialist. It is the first industrialized wine producer in China. 1994, Yantai Changyu group co., ltd was established. 1997 and 2000, Changyu B shares and A shares were successfully issued and listed, becoming the only listed company in the same industry in China to issue A shares and B shares at the same time.

Changyu Group has grown into the largest wine production and operation enterprise in China and even Asia after more than 1 10 years of development. By the end of 2004, Changyu Group had total assets of 2.37 billion yuan and net assets of/kloc-0.66 billion yuan. Changyu Group's main products are wine, brandy, champagne and health wine with four series and hundreds of varieties. The comprehensive share of its products in the domestic market is above 20%, and it has remained the first in the industry year after year.

In recent years, Changyu Group has been accelerating its development, with an average annual growth rate of about 65,438+05%. In 2004, the output of main products was more than 70,000 tons, with sales income of 2.5 billion yuan, profits and taxes of 600 million yuan and profits of 300 million yuan. All three indicators rank first in the same industry in China, accounting for more than 30% of the total industry. In the 2004 China Top 100 Wine Industry Selection, Changyu Group entered the top 10 wine industry with a total profit and tax of 600 million yuan, ranking seventh, which is also the only wine enterprise that entered the top 10 wine industry.