2025年年度报告摘要（英文版）

2025 Annual Report Abstract of Yantai Changyu Pioneer Wine Co., Ltd.1Stock Code: 000869， 200869Stock Abbreviation:Changyu A， Changyu BAnnouncement No.: 2026-Final 01Yantai Changyu Pioneer Wine Co., Ltd.2025 Annual Report AbstractI. Important NoticeThis Annual Report Abstract comes from the whole contents of annual report. If investors desire tocomprehensively understand the Company’s operating results, financial situation and futuredevelopment plan, please read the Annual Report on the media specified by the China SecuritiesRegulatory Commission.All directors attended this board meeting for reviewing this annual report in person.Non-standard audit opinion notice□ApplicableInapplicableThe preliminary scheme of the report period’s ordinary share profit distribution or increasing equitywith reserve deliberated by the board of the directorsApplicable□InapplicableWhether to increase equity with reserve□YesNoThe Company’s preliminary scheme of profit distribution deliberated and passed by the board ofdirectors this time is shown as following: Based on the Company’s total 657,240,128 shares, theCompany plans to pay CNY2.5 (including tax) in cash as dividends for every 10 shares to allshareholders 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 andpassed by the board of directors□ApplicableInapplicable2025 Annual Report Abstract of Yantai Changyu Pioneer Wine Co., Ltd.2II. Basic information of the Company1. Brief introduction of the CompanyStock AbbreviationChangyu A, Changyu BStock Code000869, 200869Place of Stock ListingShenzhen Stock ExchangeStock Abbreviationbefore Alteration—Contact person andinformationSecretary to the Board of DirectorsAuthorized Representative of SecuritiesAffairsNameJianxun JIANGTingguo LIAddress56 Dama Road, Yantai, Shandong, China 56 Dama Road, Yantai, Shandong, ChinaFax0086-535-66336390086-535-6633639Tel0086-535-66027610086-535-6633656E-mailjiangjianxun@changyu.com.cnstock@changyu.com.cn2. Main businesses during the report period or brief introduction of products(1) Situation of industry in which the Company operates during the report periodIn 2025, the domestic alcohol consumption market continued to slump, and the wine industry inwhich the Company operates faced unprecedented severe challenges. Facing the difficultdevelopment environment, the Company’s management team proactively adopted a series ofmeasures to strive for a breakthrough, adhered to the right path while innovating, better served usersand met market demands, and carried out many positive explorations and practices. These effortshave laid a solid foundation for the Company to emerge from difficulties and achieve sustained andrapid development in the future, further consolidating its leading position in the industry. The annualoperating revenue reached CNY2,988.67million, a year-on-year decrease of 8.81%; the net profit