- Chinaβs largest wine producer, with a domestic market share of 11%.
- 128 years of history and the brand is well-known across the country.
- Upgrading product quality through investments and co-operation with European partners. Has built new production facilities using state-of-the-art European equipment.
- Chinaβs per capita wine consumption in litres is 1/6 of that of the United States and only 1/25 of that of France. Young consumers are more open to drinking wine, thanks to perceived health benefits.
- Suffered from the post-2013 anti-corruption campaign as sales to restaurants used for government or SOE related receptions plummeted. Also suffered from lower import tariffs and a large increase in imports from Australia and Chile. Revenues were also weak during the pandemic.
- Changyu reported a decent recovery in the third quarter of 2020.
- China just imposed punitive tariffs on Australian wine of 107-212%, essentially shutting out roughly 19% of the supply. Some of this demand will flow to Changyu.
- The Changyu B-share trades at 2022e PE of 7.9x and a dividend yield of 5%+ and trades at a 68% discount to the A-share, close to a record high.
http://www.asiancenturystocks.com/2020-8-yantai-changyu-pioneer-wine-co-inc/
I am hopefully going to teach English in China next year as soon as the world somewhat goes back to normal.
The company I am interviewing with has given me a choice of Yantai or Weifang, but I feel like I haven't been able to find enough information on either to make a decision.
I like shopping, nature, and history. I do not drink or party, so nightlife isn't a big factor in my choice. I would like to be close to a big city that I can go to on weekends if possible. I also really like spicy food. Which would you choose?
I have a job offer teaching English in Yantai for once borders open up. I'll have a fair bit of spare time in the city, and I can't find much information about what is available in Yantai. Are there any places I can go to play sport casually (basketball/football etc) or any pool/snooker bars? Also wondering if there are any video game cafes or places with gaming pcs to use. Otherwise, any general suggestions of good places/ways to spend free time in Yantai would be appreciated.
