# index exclusion

China’s Largest Domestic Winemaker Warns of Nearly 80% Profit Collapse as Premium Wine Sales Slump

Yantai Changyu (Zhangyu A) expects 2025 net profit to plunge about 75–82% as demand for wine — especially mid and premium segments — weakens. The company’s outlook is compounded by smaller one‑off disposal gains than in 2024, ongoing trademark litigation and a loss of index inclusion, highlighting structural challenges for China’s traditional wine sector.