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Yantai Changyu Pioneer Wine
Buy, Hold or Sell?

Let's analyse Changyu together

PenkeI guess you are interested in Yantai Changyu Pioneer Wine. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Yantai Changyu Pioneer Wine. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Changyu (30 sec.)










What can you expect buying and holding a share of Changyu? (30 sec.)

How much money do you get?

How much money do you get?
HK$0.19
When do you have the money?
1 year
How often do you get paid?
95.0%

What is your share worth?

Current worth
HK$16.98
Expected worth in 1 year
HK$16.93
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
HK$1.46
Return On Investment
15.6%

For what price can you sell your share?

Current Price per Share
HK$9.31
Expected price per share
HK$8.96 - HK$10.06
How sure are you?
50%

1. Valuation of Changyu (5 min.)




Live pricePrice per Share (EOD)

HK$9.31

Intrinsic Value Per Share

HK$3.80 - HK$34.22

Total Value Per Share

HK$20.78 - HK$51.21

2. Growth of Changyu (5 min.)




Is Changyu growing?

Current yearPrevious yearGrowGrow %
How rich?$1.5b$1.4b$12.3m0.8%

How much money is Changyu making?

Current yearPrevious yearGrowGrow %
Making money$14.4m$16.6m-$2.2m-15.3%
Net Profit Margin10.4%11.5%--

How much money comes from the company's main activities?

3. Financial Health of Changyu (5 min.)




What can you expect buying and holding a share of Changyu? (5 min.)

Welcome investor! Changyu's management wants to use your money to grow the business. In return you get a share of Changyu.

What can you expect buying and holding a share of Changyu?

First you should know what it really means to hold a share of Changyu. And how you can make/lose money.

Speculation

The Price per Share of Changyu is HK$9.31. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Changyu.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Changyu, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is HK$16.98. Based on the TTM, the Book Value Change Per Share is HK$-0.01 per quarter. Based on the YOY, the Book Value Change Per Share is HK$0.05 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is HK$0.38 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Changyu.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 HK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per Share
Usd Eps0.010.1%0.020.2%0.020.3%0.030.4%0.090.9%
Usd Book Value Change Per Share-0.01-0.1%0.000.0%0.010.1%0.000.0%-0.04-0.4%
Usd Dividend Per Share0.000.0%0.050.5%0.020.2%0.030.3%0.070.8%
Usd Total Gains Per Share-0.01-0.1%0.050.5%0.020.3%0.020.3%0.030.3%
Usd Price Per Share1.25-1.41-1.57-1.78-2.35-
Price to Earnings Ratio25.66-22.05-26.20-20.80-14.12-
Price-to-Total Gains Ratio-148.22--5.21-50.03-19.72-17.09-
Price to Book Ratio0.58-0.64-0.72-0.81-0.74-
Price-to-Total Gains Ratio-148.22--5.21-50.03-19.72-17.09-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.189818
Number of shares840
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.050.03
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.050.02
Gains per Quarter (840 shares)39.0619.64
Gains per Year (840 shares)156.2478.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1162-514690-1269
2323-11302180-23148
3485-16458270-35227
4647-22614361-46306
5808-27770451-58385
6970-33926541-70464
71132-381082631-81543
81293-431238721-93622
91455-491394811-104701
101617-541550901-116780

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%86.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%12.08.00.060.0%26.014.00.065.0%61.025.00.070.9%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%38.00.02.095.0%57.00.029.066.3%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%32.08.00.080.0%74.012.00.086.0%

Fundamentals of Changyu

About Yantai Changyu Pioneer Wine

Yantai Changyu Pioneer Wine Company Limited, together with its subsidiaries, engages in the production and sale of wine, brandy, and sparkling wine in China, France, Spain, Chile, and Australia. It is also involved in grape growing and acquisition; and travel resource development activities. The company was founded in 1997 and is headquartered in Yantai, China. Yantai Changyu Pioneer Wine Company Limited is a subsidiary of Yantai Changyu Group Company Limited.

Fundamental data was last updated by Penke on 2024-03-25 13:52:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Yantai Changyu Pioneer Wine.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Changyu earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • A Net Profit Margin of 7.3% means that $0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 7.3%. The company is making a profit. +1
  • The TTM is 10.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ7.3%TTM10.4%-3.1%
TTM10.4%YOY11.5%-1.1%
TTM10.4%5Y14.9%-4.5%
5Y14.9%10Y17.4%-2.5%
1.1.2. Return on Assets

Shows how efficient Changyu is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • 0.5% Return on Assets means that Changyu generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 0.5%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.8%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.5%TTM0.8%-0.3%
TTM0.8%YOY0.9%-0.1%
TTM0.8%5Y1.2%-0.4%
5Y1.2%10Y1.8%-0.6%
1.1.3. Return on Equity

Shows how efficient Changyu is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • 0.6% Return on Equity means Changyu generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 0.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM1.0%-0.4%
TTM1.0%YOY1.1%-0.2%
TTM1.0%5Y1.6%-0.6%
5Y1.6%10Y2.4%-0.8%

1.2. Operating Efficiency of Yantai Changyu Pioneer Wine.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Changyu is operating .

  • Measures how much profit Changyu makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • An Operating Margin of 16.3% means the company generated $0.16  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 16.3%. The company is operating efficient. +1
  • The TTM is 7.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ16.3%TTM7.7%+8.6%
TTM7.7%YOY17.3%-9.6%
TTM7.7%5Y19.5%-11.8%
5Y19.5%10Y10.7%+8.8%
1.2.2. Operating Ratio

Measures how efficient Changyu is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages - Wineries & Distilleries industry mean).
  • An Operation Ratio of 1.28 means that the operating costs are $1.28 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 1.282. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.259. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.282TTM1.259+0.023
TTM1.259YOY1.255+0.004
TTM1.2595Y1.204+0.055
5Y1.20410Y0.792+0.411

1.3. Liquidity of Yantai Changyu Pioneer Wine.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Changyu is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Beverages - Wineries & Distilleries industry mean).
  • A Current Ratio of 2.90 means the company has $2.90 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 2.896. The company is able to pay all its short-term debts. +1
  • The TTM is 2.974. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.896TTM2.974-0.079
TTM2.974YOY2.478+0.497
TTM2.9745Y2.373+0.601
5Y2.37310Y1.277+1.097
1.3.2. Quick Ratio

Measures if Changyu is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • A Quick Ratio of 0.27 means the company can pay off $0.27 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 0.272. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.218. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.272TTM0.218+0.054
TTM0.218YOY0.297-0.079
TTM0.2185Y0.225-0.008
5Y0.22510Y0.233-0.008

1.4. Solvency of Yantai Changyu Pioneer Wine.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Changyu assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Changyu to Beverages - Wineries & Distilleries industry mean.
  • A Debt to Asset Ratio of 0.16 means that Changyu assets are financed with 16.4% credit (debt) and the remaining percentage (100% - 16.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 0.164. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.162. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.164TTM0.162+0.001
TTM0.162YOY0.190-0.027
TTM0.1625Y0.200-0.037
5Y0.20010Y0.218-0.018
1.4.2. Debt to Equity Ratio

Measures if Changyu is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • A Debt to Equity ratio of 19.8% means that company has $0.20 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Yantai Changyu Pioneer Wine:

  • The MRQ is 0.198. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.198. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.198TTM0.198+0.001
TTM0.198YOY0.239-0.042
TTM0.1985Y0.257-0.060
5Y0.25710Y0.287-0.030

2. Market Valuation of Yantai Changyu Pioneer Wine

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Changyu generates.

  • Above 15 is considered overpriced but always compare Changyu to the Beverages - Wineries & Distilleries industry mean.
  • A PE ratio of 25.66 means the investor is paying $25.66 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Yantai Changyu Pioneer Wine:

  • The EOD is 24.430. Based on the earnings, the company is fair priced.
  • The MRQ is 25.663. Based on the earnings, the company is overpriced. -1
  • The TTM is 22.053. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD24.430MRQ25.663-1.233
MRQ25.663TTM22.053+3.610
TTM22.053YOY26.195-4.142
TTM22.0535Y20.804+1.249
5Y20.80410Y14.118+6.686
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Yantai Changyu Pioneer Wine:

  • The EOD is 8.679. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 9.117. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 12.009. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.679MRQ9.117-0.438
MRQ9.117TTM12.009-2.892
TTM12.009YOY11.085+0.924
TTM12.0095Y15.619-3.610
5Y15.61910Y44.378-28.759
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Changyu is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Beverages - Wineries & Distilleries industry mean).
  • A PB ratio of 0.58 means the investor is paying $0.58 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Yantai Changyu Pioneer Wine:

  • The EOD is 0.548. Based on the equity, the company is cheap. +2
  • The MRQ is 0.576. Based on the equity, the company is cheap. +2
  • The TTM is 0.642. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.548MRQ0.576-0.028
MRQ0.576TTM0.642-0.066
TTM0.642YOY0.721-0.079
TTM0.6425Y0.812-0.170
5Y0.81210Y0.745+0.068
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Yantai Changyu Pioneer Wine compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.075-0.013-83%0.054-240%-0.027-64%-0.297+295%
Book Value Per Share--16.98417.144-1%17.0440%17.185-1%26.284-35%
Current Ratio--2.8962.974-3%2.478+17%2.373+22%1.277+127%
Debt To Asset Ratio--0.1640.162+1%0.190-14%0.200-18%0.218-25%
Debt To Equity Ratio--0.1980.198+0%0.239-17%0.257-23%0.287-31%
Dividend Per Share--0.0090.376-98%0.133-93%0.210-96%0.548-98%
Eps--0.0950.127-25%0.191-50%0.259-63%0.689-86%
Free Cash Flow Per Share--0.2680.284-6%0.337-20%0.255+5%0.843-68%
Free Cash Flow To Equity Per Share--0.329-0.160+149%0.061+443%-0.015+105%0.800-59%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--34.223--------
Intrinsic Value_10Y_min--3.796--------
Intrinsic Value_1Y_max--3.384--------
Intrinsic Value_1Y_min--1.122--------
Intrinsic Value_3Y_max--10.202--------
Intrinsic Value_3Y_min--2.749--------
Intrinsic Value_5Y_max--17.062--------
Intrinsic Value_5Y_min--3.681--------
Market Cap2159948004.480-213%6770200687.0207566976651.755-11%8419211580.000-20%9287036158.701-27%7624917074.378-11%
Net Profit Margin--0.0730.104-30%0.115-37%0.149-51%0.174-58%
Operating Margin--0.1630.077+111%0.173-6%0.195-16%0.107+52%
Operating Ratio--1.2821.259+2%1.255+2%1.204+7%0.792+62%
Pb Ratio0.548-5%0.5760.642-10%0.721-20%0.812-29%0.745-23%
Pe Ratio24.430-5%25.66322.053+16%26.195-2%20.804+23%14.118+82%
Price Per Share9.310-5%9.78011.015-11%12.283-20%13.960-30%18.350-47%
Price To Free Cash Flow Ratio8.679-5%9.11712.009-24%11.085-18%15.619-42%44.378-79%
Price To Total Gains Ratio-141.101+5%-148.224-5.211-96%50.034-396%19.723-852%17.089-967%
Quick Ratio--0.2720.218+25%0.297-8%0.225+21%0.233+17%
Return On Assets--0.0050.008-42%0.009-48%0.012-61%0.018-74%
Return On Equity--0.0060.010-41%0.011-50%0.016-64%0.024-76%
Total Gains Per Share---0.0660.364-118%0.186-135%0.183-136%0.251-126%
Usd Book Value--1502606501.2081505494610.1630%1493134821.218+1%1465555582.347+3%1297439210.978+16%
Usd Book Value Change Per Share---0.010-0.002-83%0.007-240%-0.003-64%-0.038+295%
Usd Book Value Per Share--2.1712.191-1%2.1780%2.196-1%3.359-35%
Usd Dividend Per Share--0.0010.048-98%0.017-93%0.027-96%0.070-98%
Usd Eps--0.0120.016-25%0.024-50%0.033-63%0.088-86%
Usd Free Cash Flow--23725563.10224919851.566-5%29518924.356-20%21857975.187+9%32525282.160-27%
Usd Free Cash Flow Per Share--0.0340.036-6%0.043-20%0.033+5%0.108-68%
Usd Free Cash Flow To Equity Per Share--0.042-0.020+149%0.008+443%-0.002+105%0.102-59%
Usd Market Cap276041354.973-213%865231647.801967059616.094-11%1075975239.924-20%1186883221.082-27%974464402.105-11%
Usd Price Per Share1.190-5%1.2501.408-11%1.570-20%1.784-30%2.345-47%
Usd Profit--8428670.39014480909.172-42%16694942.413-50%22231694.592-62%28302447.149-70%
Usd Revenue--115403134.258135151178.980-15%141503118.439-18%140812006.495-18%150925999.820-24%
Usd Total Gains Per Share---0.0080.046-118%0.024-135%0.023-136%0.032-126%
 EOD+5 -3MRQTTM+7 -28YOY+10 -255Y+13 -2210Y+11 -24

3.2. Fundamental Score

Let's check the fundamental score of Yantai Changyu Pioneer Wine based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1524.430
Price to Book Ratio (EOD)Between0-10.548
Net Profit Margin (MRQ)Greater than00.073
Operating Margin (MRQ)Greater than00.163
Quick Ratio (MRQ)Greater than10.272
Current Ratio (MRQ)Greater than12.896
Debt to Asset Ratio (MRQ)Less than10.164
Debt to Equity Ratio (MRQ)Less than10.198
Return on Equity (MRQ)Greater than0.150.006
Return on Assets (MRQ)Greater than0.050.005
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Yantai Changyu Pioneer Wine based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.029
Ma 20Greater thanMa 509.463
Ma 50Greater thanMa 1008.977
Ma 100Greater thanMa 2008.825
OpenGreater thanClose9.260
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets12,990,701
Total Liabilities2,125,269
Total Stockholder Equity10,708,378
 As reported
Total Liabilities 2,125,269
Total Stockholder Equity+ 10,708,378
Total Assets = 12,990,701

Assets

Total Assets12,990,701
Total Current Assets5,571,419
Long-term Assets7,419,282
Total Current Assets
Cash And Cash Equivalents 1,872,545
Net Receivables 523,428
Inventory 2,997,790
Other Current Assets 177,656
Total Current Assets  (as reported)5,571,419
Total Current Assets  (calculated)5,571,419
+/-0
Long-term Assets
Property Plant Equipment 6,005,208
Goodwill 107,164
Intangible Assets 545,155
Other Assets 550,238
Long-term Assets  (as reported)7,419,282
Long-term Assets  (calculated)7,207,764
+/- 211,519

Liabilities & Shareholders' Equity

Total Current Liabilities1,924,092
Long-term Liabilities201,177
Total Stockholder Equity10,708,378
Total Current Liabilities
Short Long Term Debt 344,869
Accounts payable 483,893
Other Current Liabilities 827,474
Total Current Liabilities  (as reported)1,924,092
Total Current Liabilities  (calculated)1,656,235
+/- 267,857
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt87,196
Other Liabilities 44,086
Long-term Liabilities  (as reported)201,177
Long-term Liabilities  (calculated)131,282
+/- 69,895
Total Stockholder Equity
Common Stock692,250
Retained Earnings 9,508,440
Total Stockholder Equity (as reported)10,708,378
Total Stockholder Equity (calculated)10,200,690
+/- 507,688
Other
Capital Stock692,250
Common Stock Shares Outstanding 692,250
Net Invested Capital 11,123,141
Net Tangible Assets 10,056,059
Net Working Capital 3,647,327
Property Plant and Equipment Gross 6,005,208



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-06-302000-12-31
> Total Assets 
1,610,758
1,587,436
1,663,388
1,763,250
1,705,487
1,739,620
1,829,878
1,918,478
1,840,085
1,833,018
1,950,997
2,017,567
1,995,071
2,103,492
2,165,522
2,368,585
2,175,625
2,251,964
2,347,684
2,682,570
2,487,673
2,603,189
2,729,229
3,146,006
2,714,070
2,959,791
3,251,224
3,991,283
3,440,486
3,664,891
4,060,933
4,347,820
3,878,210
4,414,391
5,364,161
5,370,844
5,310,990
5,208,748
5,983,377
6,730,741
6,125,215
6,591,289
7,295,944
7,562,704
6,994,396
7,369,539
8,123,135
8,517,741
8,249,716
7,938,844
8,001,532
8,527,530
8,614,014
8,676,987
8,912,233
9,719,260
9,379,911
9,655,921
10,344,212
11,101,253
11,284,325
11,020,563
11,528,078
11,857,812
12,273,979
12,096,804
12,536,755
13,134,044
13,038,507
12,907,493
13,117,729
13,317,351
13,383,093
13,191,033
13,647,933
13,447,791
13,286,972
13,049,518
13,102,482
13,456,573
13,369,161
13,336,406
13,472,010
13,445,107
13,284,166
13,094,530
13,171,506
13,014,261
12,821,273
12,990,701
12,990,70112,821,27313,014,26113,171,50613,094,53013,284,16613,445,10713,472,01013,336,40613,369,16113,456,57313,102,48213,049,51813,286,97213,447,79113,647,93313,191,03313,383,09313,317,35113,117,72912,907,49313,038,50713,134,04412,536,75512,096,80412,273,97911,857,81211,528,07811,020,56311,284,32511,101,25310,344,2129,655,9219,379,9119,719,2608,912,2338,676,9878,614,0148,527,5308,001,5327,938,8448,249,7168,517,7418,123,1357,369,5396,994,3967,562,7047,295,9446,591,2896,125,2156,730,7415,983,3775,208,7485,310,9905,370,8445,364,1614,414,3913,878,2104,347,8204,060,9333,664,8913,440,4863,991,2833,251,2242,959,7912,714,0703,146,0062,729,2292,603,1892,487,6732,682,5702,347,6842,251,9642,175,6252,368,5852,165,5222,103,4921,995,0712,017,5671,950,9971,833,0181,840,0851,918,4781,829,8781,739,6201,705,4871,763,2501,663,3881,587,4361,610,758
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,018,407
4,866,021
5,016,645
5,263,152
5,346,356
5,095,804
5,380,262
5,199,771
5,101,711
4,898,612
4,989,551
5,265,518
5,193,536
5,167,540
5,390,524
5,514,453
5,345,546
5,222,753
5,527,173
5,452,393
5,342,199
5,571,419
5,571,4195,342,1995,452,3935,527,1735,222,7535,345,5465,514,4535,390,5245,167,5405,193,5365,265,5184,989,5514,898,6125,101,7115,199,7715,380,2625,095,8045,346,3565,263,1525,016,6454,866,0215,018,40700000000000000000000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,683,038
1,507,762
1,477,975
1,686,468
1,848,633
1,485,487
1,565,784
1,357,943
1,476,207
1,203,007
1,194,215
1,428,072
1,513,731
1,473,211
1,567,096
1,829,847
1,904,943
1,680,130
1,651,454
1,866,015
1,661,629
1,872,545
1,872,5451,661,6291,866,0151,651,4541,680,1301,904,9431,829,8471,567,0961,473,2111,513,7311,428,0721,194,2151,203,0071,476,2071,357,9431,565,7841,485,4871,848,6331,686,4681,477,9751,507,7621,683,03800000000000000000000000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,240
0
0
0
9,992
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000009,99200011,24000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
184,650
166,879
203,187
0
204,403
204,779
229,964
187,719
137,651
108,025
165,401
103,544
118,395
125,911
131,576
108,373
68,010
111,524
104,498
106,399
91,660
117,199
116,359
143,954
73,645
99,514
132,115
142,160
106,875
161,829
138,612
179,835
122,007
182,630
167,524
159,769
141,616
201,293
171,767
247,820
231,882
416,652
274,362
350,135
343,299
415,179
263,532
467,416
333,184
261,025
364,562
537,371
497,380
480,631
318,970
714,396
518,769
349,005
365,949
647,318
469,305
357,820
386,311
694,709
550,770
489,242
515,281
803,879
617,102
453,232
540,729
238,569
186,131
198,266
844,357
596,069
407,706
477,032
749,772
582,886
523,631
473,761
910,563
656,749
531,055
510,139
343,983
205,453
543,667
523,428
523,428543,667205,453343,983510,139531,055656,749910,563473,761523,631582,886749,772477,032407,706596,069844,357198,266186,131238,569540,729453,232617,102803,879515,281489,242550,770694,709386,311357,820469,305647,318365,949349,005518,769714,396318,970480,631497,380537,371364,562261,025333,184467,416263,532415,179343,299350,135274,362416,652231,882247,820171,767201,293141,616159,769167,524182,630122,007179,835138,612161,829106,875142,160132,11599,51473,645143,954116,359117,19991,660106,399104,498111,52468,010108,373131,576125,911118,395103,544165,401108,025137,651187,719229,964204,779204,4030203,187166,879184,650
       Other Current Assets 
0
0
9,900
1,328,020
15,553
12,890
6,285
3,055
5,593
5,586
3,266
5,842
5,961
7,904
11,805
15,091
23,533
57,823
20,244
13,853
32,178
44,172
28,702
24,033
12,945
13,247
35,304
9,906
9,151
19,664
20,532
19,834
18,301
29,762
32,990
42,267
42,222
87,335
74,729
93,035
70,743
69,272
77,252
88,822
127,887
183,022
44,295
79,628
47,575
55,518
45,999
43,923
14,716
24,639
37,736
27,030
35,941
25,979
52,041
41,550
74,197
70,676
173,698
254,739
297,409
309,924
235,241
251,435
368,101
348,449
271,839
277,965
300,419
265,584
84,562
307,937
273,118
281,825
87,384
250,927
228,488
266,711
105,422
247,988
82,607
80,858
185,337
162,597
107,422
177,656
177,656107,422162,597185,33780,85882,607247,988105,422266,711228,488250,92787,384281,825273,118307,93784,562265,584300,419277,965271,839348,449368,101251,435235,241309,924297,409254,739173,69870,67674,19741,55052,04125,97935,94127,03037,73624,63914,71643,92345,99955,51847,57579,62844,295183,022127,88788,82277,25269,27270,74393,03574,72987,33542,22242,26732,99029,76218,30119,83420,53219,6649,1519,90635,30413,24712,94524,03328,70244,17232,17813,85320,24457,82323,53315,09111,8057,9045,9615,8423,2665,5865,5933,0556,28512,89015,5531,328,0209,90000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,054,200
8,036,737
8,095,229
8,267,671
8,248,020
8,185,262
8,150,906
8,112,930
8,191,054
8,175,625
8,168,866
8,081,486
7,930,653
7,938,620
7,871,777
7,644,333
7,561,868
7,479,074
7,419,282
7,419,2827,479,0747,561,8687,644,3337,871,7777,938,6207,930,6538,081,4868,168,8668,175,6258,191,0548,112,9308,150,9068,185,2628,248,0208,267,6718,095,2298,036,7378,054,20000000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
337,257
337,008
377,046
0
453,640
497,208
534,143
534,078
544,950
491,913
485,655
484,743
484,600
497,529
482,733
474,137
480,137
473,146
484,757
478,734
483,637
496,188
641,595
550,512
721,179
637,098
786,468
721,863
861,110
806,562
981,363
913,590
1,110,509
1,056,876
1,251,586
1,141,497
1,328,214
1,274,881
1,643,009
1,513,885
1,849,324
1,812,637
2,278,607
2,080,362
2,526,879
2,425,635
2,934,806
2,766,247
3,243,310
3,094,891
3,615,327
3,601,406
3,794,913
4,053,640
4,384,872
4,593,211
4,827,314
4,983,721
5,287,434
5,637,154
6,020,618
6,166,514
6,230,898
6,372,143
6,486,359
6,577,306
6,557,155
6,700,429
6,676,152
6,710,725
6,718,295
6,708,454
6,682,098
6,682,998
6,663,973
6,685,976
6,661,775
6,625,043
6,552,605
6,599,116
6,646,320
6,614,703
6,606,321
6,512,562
6,543,739
6,302,337
6,208,959
6,169,438
6,102,447
6,005,208
6,005,2086,102,4476,169,4386,208,9596,302,3376,543,7396,512,5626,606,3216,614,7036,646,3206,599,1166,552,6056,625,0436,661,7756,685,9766,663,9736,682,9986,682,0986,708,4546,718,2956,710,7256,676,1526,700,4296,557,1556,577,3066,486,3596,372,1436,230,8986,166,5146,020,6185,637,1545,287,4344,983,7214,827,3144,593,2114,384,8724,053,6403,794,9133,601,4063,615,3273,094,8913,243,3102,766,2472,934,8062,425,6352,526,8792,080,3622,278,6071,812,6371,849,3241,513,8851,643,0091,274,8811,328,2141,141,4971,251,5861,056,8761,110,509913,590981,363806,562861,110721,863786,468637,098721,179550,512641,595496,188483,637478,734484,757473,146480,137474,137482,733497,529484,600484,743485,655491,913544,950534,078534,143497,208453,6400377,046337,008337,257
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,113
13,113
13,113
13,113
13,113
13,113
13,113
105,504
124,858
119,487
119,487
121,266
121,266
121,266
127,875
128,136
164,039
163,931
165,199
165,199
165,199
165,199
149,438
141,859
141,859
141,859
141,859
132,938
132,938
132,938
132,938
112,375
112,375
112,375
112,375
107,164
107,164
107,164
107,164
107,164107,164107,164107,164112,375112,375112,375112,375132,938132,938132,938132,938141,859141,859141,859141,859149,438165,199165,199165,199165,199163,931164,039128,136127,875121,266121,266121,266119,487119,487124,858105,50413,11313,11313,11313,11313,11313,11313,113000000000000000000000000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
464
481
467
0
516
44,288
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000044,288516046748146400000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
6,579
6,449
6,449
0
6,384
6,384
6,254
6,222
6,189
6,157
6,124
6,092
6,059
6,027
6,012
5,979
5,945
5,682
5,878
5,845
5,811
5,778
5,745
101,742
101,174
101,419
3,480
99,821
3,132
101,979
2,784
122,615
2,436
166,826
2,088
152,181
1,740
161,919
1,392
240,384
1,044
272,870
696
262,860
348
259,157
300
277,878
9,278
289,643
22,774
312,387
312,301
312,044
466,064
463,394
466,270
463,302
569,404
585,502
576,965
573,712
605,081
601,245
600,628
750,463
783,585
805,963
662,694
662,740
655,473
649,997
202,192
650,906
651,946
646,302
641,221
645,257
660,989
695,104
651,747
649,895
617,867
628,688
607,903
603,089
578,241
574,587
551,495
545,155
545,155551,495574,587578,241603,089607,903628,688617,867649,895651,747695,104660,989645,257641,221646,302651,946650,906202,192649,997655,473662,740662,694805,963783,585750,463600,628601,245605,081573,712576,965585,502569,404463,302466,270463,394466,064312,044312,301312,38722,774289,6439,278277,878300259,157348262,860696272,8701,044240,3841,392161,9191,740152,1812,088166,8262,436122,6152,784101,9793,13299,8213,480101,419101,174101,7425,7455,7785,8115,8455,8785,6825,9455,9796,0126,0276,0596,0926,1246,1576,1896,2226,2546,3846,38406,4496,4496,579
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
454
516
512
193,674
187,982
184,158
6,611,630
170,370
167,972
158,378
154,446
144,120
134,333
132,978
126,880
0
0
0
0
0000126,880132,978134,333144,120154,446158,378167,972170,3706,611,630184,158187,982193,67451251645400000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
358,981
243,116
304,955
341,680
263,647
286,169
386,547
414,957
318,790
276,614
356,030
344,417
335,983
394,981
388,624
482,846
463,061
475,565
460,201
645,270
682,922
704,498
665,913
848,386
749,707
857,714
936,845
1,404,694
1,304,357
1,339,370
1,431,905
1,419,702
1,425,634
1,640,628
2,189,480
1,817,758
2,176,198
1,760,804
1,987,232
2,172,049
1,991,048
2,097,718
2,145,984
1,808,458
1,724,758
1,858,287
2,063,649
1,887,618
1,449,657
1,748,223
1,630,512
1,698,987
1,605,222
1,851,123
1,909,040
2,191,310
1,634,803
2,073,858
2,587,653
2,789,680
2,824,357
2,779,755
3,128,593
2,940,421
3,155,022
3,165,522
3,358,777
3,466,836
3,218,867
3,276,930
3,227,242
2,979,829
3,311,010
3,018,625
3,069,095
2,644,555
2,886,303
2,600,822
2,598,051
2,676,628
2,794,971
2,681,644
2,779,333
2,462,679
2,562,476
2,303,557
2,345,926
1,966,616
2,014,665
2,125,269
2,125,2692,014,6651,966,6162,345,9262,303,5572,562,4762,462,6792,779,3332,681,6442,794,9712,676,6282,598,0512,600,8222,886,3032,644,5553,069,0953,018,6253,311,0102,979,8293,227,2423,276,9303,218,8673,466,8363,358,7773,165,5223,155,0222,940,4213,128,5932,779,7552,824,3572,789,6802,587,6532,073,8581,634,8032,191,3101,909,0401,851,1231,605,2221,698,9871,630,5121,748,2231,449,6571,887,6182,063,6491,858,2871,724,7581,808,4582,145,9842,097,7181,991,0482,172,0491,987,2321,760,8042,176,1981,817,7582,189,4801,640,6281,425,6341,419,7021,431,9051,339,3701,304,3571,404,694936,845857,714749,707848,386665,913704,498682,922645,270460,201475,565463,061482,846388,624394,981335,983344,417356,030276,614318,790414,957386,547286,169263,647341,680304,955243,116358,981
   > Total Current Liabilities 
358,981
243,116
304,954
341,680
263,647
286,169
386,546
414,957
318,790
276,613
356,030
344,417
335,982
394,981
388,624
482,846
463,061
475,565
460,201
645,270
682,922
704,498
665,913
848,386
749,707
857,714
936,845
1,404,694
1,304,357
1,339,370
1,431,905
1,419,703
1,425,634
1,625,628
2,150,394
1,778,672
2,141,611
1,732,218
1,881,683
2,068,758
1,865,621
1,972,321
2,032,195
1,750,442
1,667,883
1,802,553
1,989,308
1,815,321
1,380,120
1,660,353
1,536,809
1,607,628
1,517,607
1,643,268
1,615,071
1,909,453
1,363,710
1,798,301
2,407,733
2,321,757
2,320,563
2,283,285
2,652,073
2,427,596
2,583,854
2,593,982
2,819,258
2,931,525
2,704,692
2,787,793
2,746,148
2,507,398
2,854,221
2,574,842
2,656,164
2,184,260
2,416,968
2,149,991
2,244,943
2,212,767
2,357,485
2,263,624
2,382,256
2,112,056
2,226,163
1,981,866
2,016,653
1,676,953
1,774,770
1,924,092
1,924,0921,774,7701,676,9532,016,6531,981,8662,226,1632,112,0562,382,2562,263,6242,357,4852,212,7672,244,9432,149,9912,416,9682,184,2602,656,1642,574,8422,854,2212,507,3982,746,1482,787,7932,704,6922,931,5252,819,2582,593,9822,583,8542,427,5962,652,0732,283,2852,320,5632,321,7572,407,7331,798,3011,363,7101,909,4531,615,0711,643,2681,517,6071,607,6281,536,8091,660,3531,380,1201,815,3211,989,3081,802,5531,667,8831,750,4422,032,1951,972,3211,865,6212,068,7581,881,6831,732,2182,141,6111,778,6722,150,3941,625,6281,425,6341,419,7031,431,9051,339,3701,304,3571,404,694936,845857,714749,707848,386665,913704,498682,922645,270460,201475,565463,061482,846388,624394,981335,982344,417356,030276,613318,790414,957386,546286,169263,647341,680304,954243,116358,981
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
106,570
157,878
118,941
676,079
678,171
687,652
754,314
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000754,314687,652678,171676,079118,941157,878106,57000000000000000000000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
106,570
157,878
118,941
676,079
678,171
687,652
754,314
691,022
737,184
687,390
689,091
704,848
716,362
709,833
622,066
657,284
488,464
489,997
389,378
360,070
348,886
344,869
344,869348,886360,070389,378489,997488,464657,284622,066709,833716,362704,848689,091687,390737,184691,022754,314687,652678,171676,079118,941157,878106,57000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
49,177
17,491
38,962
0
39,943
46,986
146,216
140,096
117,633
83,338
109,613
79,063
69,365
82,124
100,308
90,662
78,089
64,957
121,916
80,375
150,289
128,351
125,474
162,533
105,526
89,739
202,289
166,666
265,745
229,940
220,708
195,956
170,644
238,170
343,079
327,741
227,188
231,645
259,022
299,988
234,251
231,761
229,921
177,425
261,047
346,349
324,881
346,900
252,896
365,323
263,882
219,176
262,261
340,245
367,812
458,755
126,565
246,596
598,278
364,879
379,343
464,763
584,131
358,103
407,319
435,417
666,443
719,278
505,857
600,342
713,573
595,555
539,460
568,468
570,253
552,990
379,728
422,826
484,348
502,683
409,888
444,994
493,454
452,860
449,974
484,821
503,324
373,831
417,210
483,893
483,893417,210373,831503,324484,821449,974452,860493,454444,994409,888502,683484,348422,826379,728552,990570,253568,468539,460595,555713,573600,342505,857719,278666,443435,417407,319358,103584,131464,763379,343364,879598,278246,596126,565458,755367,812340,245262,261219,176263,882365,323252,896346,900324,881346,349261,047177,425229,921231,761234,251299,988259,022231,645227,188327,741343,079238,170170,644195,956220,708229,940265,745166,666202,28989,739105,526162,533125,474128,351150,28980,375121,91664,95778,08990,662100,30882,12469,36579,063109,61383,338117,633140,096146,21646,98639,943038,96217,49149,177
       Other Current Liabilities 
309,804
225,625
265,992
341,680
223,704
239,183
240,330
274,861
200,055
193,275
243,765
262,702
263,965
312,857
288,316
392,184
384,972
410,608
338,285
564,895
532,633
576,147
540,439
685,853
644,181
767,975
734,556
1,238,028
1,038,612
1,109,430
1,211,197
1,223,747
1,254,990
1,387,458
1,582,815
1,446,431
1,909,923
1,500,573
1,622,661
1,768,770
1,631,370
1,740,560
1,721,193
1,435,956
1,350,356
1,398,800
1,513,482
1,375,231
1,032,122
954,845
1,029,756
1,145,280
1,012,175
1,103,023
947,259
1,150,698
914,623
952,505
987,537
1,122,282
1,141,492
1,203,108
1,345,753
1,340,011
1,258,679
1,353,122
1,361,426
1,458,584
796,224
1,102,287
689,458
200,200
194,908
14,753
682,602
620,242
1,023,593
884,380
602,520
750,631
894,149
830,684
756,518
759,787
909,347
705,701
18,946
17,349
609,541
827,474
827,474609,54117,34918,946705,701909,347759,787756,518830,684894,149750,631602,520884,3801,023,593620,242682,60214,753194,908200,200689,4581,102,287796,2241,458,5841,361,4261,353,1221,258,6791,340,0111,345,7531,203,1081,141,4921,122,282987,537952,505914,6231,150,698947,2591,103,0231,012,1751,145,2801,029,756954,8451,032,1221,375,2311,513,4821,398,8001,350,3561,435,9561,721,1931,740,5601,631,3701,768,7701,622,6611,500,5731,909,9231,446,4311,582,8151,387,4581,254,9901,223,7471,211,1971,109,4301,038,6121,238,028734,556767,975644,181685,853540,439576,147532,633564,895338,285410,608384,972392,184288,316312,857263,965262,702243,765193,275200,055274,861240,330239,183223,704341,680265,992225,625309,804
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
472,431
456,789
443,783
412,931
460,295
469,335
450,831
353,108
463,861
437,486
418,021
397,078
350,624
336,313
321,691
329,273
289,663
239,895
201,177
201,177239,895289,663329,273321,691336,313350,624397,078418,021437,486463,861353,108450,831469,335460,295412,931443,783456,789472,43100000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
1
0
0
0
1
0
0
1
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,000
23,250
23,250
23,251
23,250
100,213
97,955
120,111
120,110
108,453
52,680
51,539
50,398
69,005
66,961
64,201
82,534
88,367
86,023
82,279
80,525
80,023
76,924
78,014
74,701
73,884
359,280
373,420
414,438
402,472
399,829
374,045
372,225
359,128
333,733
360,209
354,452
324,613
299,441
290,840
284,882
284,038
256,294
250,722
246,837
152,755
128,550
123,407
119,883
119,219
94,696
91,960
91,867
0
67,044
63,465
44,086
44,08663,46567,044091,86791,96094,696119,219119,883123,407128,550152,755246,837250,722256,294284,038284,882290,840299,441324,613354,452360,209333,733359,128372,225374,045399,829402,472414,438373,420359,28073,88474,70178,01476,92480,02380,52582,27986,02388,36782,53464,20166,96169,00550,39851,53952,680108,453120,110120,11197,955100,21323,25023,25123,25023,25015,000000000000000000000001001001000100
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
227,993
224,857
244,640
276,110
276,558
273,229
277,595
274,212
270,769
270,342
314,466
340,594
332,133
326,582
284,593
287,172
283,582
279,373
0
0
265,783
307,942
307,942265,78300279,373283,582287,172284,593326,582332,133340,594314,466270,342270,769274,212277,595273,229276,558276,110244,640224,857227,99300000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
1,250,122
1,342,665
1,356,778
1,407,270
1,427,544
1,439,155
1,416,019
1,476,208
1,493,982
1,529,091
1,567,272
1,642,972
1,628,912
1,672,206
1,740,200
1,848,778
1,675,155
1,738,990
1,849,770
1,999,586
1,765,874
1,859,177
2,009,713
2,221,851
1,877,885
2,015,091
2,229,020
2,500,658
2,047,817
2,237,542
2,543,633
2,842,135
2,366,132
2,638,125
3,038,226
3,416,361
2,991,164
3,296,892
3,839,708
4,402,290
3,978,491
4,353,931
5,013,642
5,617,927
5,133,320
5,374,934
5,913,104
6,483,742
6,653,678
6,027,880
6,208,280
6,665,802
6,846,051
6,663,124
6,840,452
7,365,210
7,582,367
7,419,323
7,564,099
8,117,587
8,265,371
8,046,894
8,209,011
8,727,018
8,880,539
8,690,391
8,906,342
9,380,239
9,532,949
9,340,815
9,606,099
10,055,195
9,791,885
9,900,903
10,308,910
10,534,302
10,131,114
10,198,945
10,267,833
10,539,609
10,333,218
10,417,438
10,447,884
10,738,655
10,491,487
10,567,366
10,579,054
10,857,886
10,645,880
10,708,378
10,708,37810,645,88010,857,88610,579,05410,567,36610,491,48710,738,65510,447,88410,417,43810,333,21810,539,60910,267,83310,198,94510,131,11410,534,30210,308,9109,900,9039,791,88510,055,1959,606,0999,340,8159,532,9499,380,2398,906,3428,690,3918,880,5398,727,0188,209,0118,046,8948,265,3718,117,5877,564,0997,419,3237,582,3677,365,2106,840,4526,663,1246,846,0516,665,8026,208,2806,027,8806,653,6786,483,7425,913,1045,374,9345,133,3205,617,9275,013,6424,353,9313,978,4914,402,2903,839,7083,296,8922,991,1643,416,3613,038,2262,638,1252,366,1322,842,1352,543,6332,237,5422,047,8172,500,6582,229,0202,015,0911,877,8852,221,8512,009,7131,859,1771,765,8741,999,5861,849,7701,738,9901,675,1551,848,7781,740,2001,672,2061,628,9121,642,9721,567,2721,529,0911,493,9821,476,2081,416,0191,439,1551,427,5441,407,2701,356,7781,342,6651,250,122
   Common Stock
260,000
260,000
260,000
0
260,000
260,000
260,000
260,000
312,000
312,000
312,000
312,000
405,600
405,600
405,600
405,600
405,600
405,600
405,600
405,600
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
527,280
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
685,464
0
0
685,464
692,250
692,250685,46400685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464685,464527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280527,280405,600405,600405,600405,600405,600405,600405,600405,600312,000312,000312,000312,000260,000260,000260,000260,0000260,000260,000260,000
   Retained Earnings 
104,193
196,736
176,518
0
247,284
258,895
213,510
273,699
291,473
326,583
334,513
410,213
396,152
439,447
466,615
575,193
401,570
465,405
513,711
663,527
429,815
523,118
629,268
839,720
495,754
632,961
848,575
1,120,213
667,372
857,097
1,163,188
1,461,690
985,687
1,257,680
1,657,781
2,035,916
1,610,719
1,916,447
2,459,263
3,021,845
2,598,026
2,970,330
3,628,280
4,232,565
3,589,774
3,831,388
4,322,769
4,893,407
5,063,343
4,437,545
4,616,945
5,417,199
5,597,718
5,415,956
5,594,652
6,124,901
6,340,713
6,175,907
6,323,122
6,865,929
7,018,144
6,805,161
6,962,851
7,479,485
7,632,920
7,436,303
7,651,814
8,131,258
8,287,651
8,078,835
8,351,715
8,465,364
8,197,829
8,323,387
9,062,631
9,295,761
8,889,842
8,988,546
9,056,824
9,336,025
9,143,828
9,223,570
9,272,159
9,562,746
9,322,159
9,398,050
9,049,649
9,326,428
9,447,492
9,508,440
9,508,4409,447,4929,326,4289,049,6499,398,0509,322,1599,562,7469,272,1599,223,5709,143,8289,336,0259,056,8248,988,5468,889,8429,295,7619,062,6318,323,3878,197,8298,465,3648,351,7158,078,8358,287,6518,131,2587,651,8147,436,3037,632,9207,479,4856,962,8516,805,1617,018,1446,865,9296,323,1226,175,9076,340,7136,124,9015,594,6525,415,9565,597,7185,417,1994,616,9454,437,5455,063,3434,893,4074,322,7693,831,3883,589,7744,232,5653,628,2802,970,3302,598,0263,021,8452,459,2631,916,4471,610,7192,035,9161,657,7811,257,680985,6871,461,6901,163,188857,097667,3721,120,213848,575632,961495,754839,720629,268523,118429,815663,527513,711465,405401,570575,193466,615439,447396,152410,213334,513326,583291,473273,699213,510258,895247,2840176,518196,736104,193
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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-6,122
10,560
2,965
561,635
-95
549,320
1,681
553,077
-9,242
-6,868
6,493
518,120
-21,042
-16,565
-28,791
-34,524
-41,105
-41,117
0
0
-5,036
-25,572
-25,572-5,03600-41,117-41,105-34,524-28,791-16,565-21,042518,1206,493-6,868-9,242553,0771,681549,320-95561,6352,96510,560-6,12200000000000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue3,909,143
Cost of Revenue-1,631,988
Gross Profit2,277,1552,277,155
 
Operating Income (+$)
Gross Profit2,277,155
Operating Expense-3,279,039
Operating Income630,104-1,001,884
 
Operating Expense (+$)
Research Development16,634
Selling General Administrative1,192,527
Selling And Marketing Expenses-
Operating Expense3,279,0391,209,160
 
Net Interest Income (+$)
Interest Income25,218
Interest Expense-29,184
Other Finance Cost-170
Net Interest Income-3,795
 
Pretax Income (+$)
Operating Income630,104
Net Interest Income-3,795
Other Non-Operating Income Expenses-
Income Before Tax (EBT)626,949630,104
EBIT - interestExpense = -29,184
418,849
448,033
Interest Expense29,184
Earnings Before Interest and Taxes (EBIT)-656,133
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax626,949
Tax Provision-202,036
Net Income From Continuing Ops424,913424,913
Net Income418,849
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-3,795
 

Technical Analysis of Changyu
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Changyu. The general trend of Changyu is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Changyu's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Yantai Changyu Pioneer Wine.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 9.85 < 9.89 < 10.06.

The bearish price targets are: 9.13 > 9.07 > 8.96.

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Yantai Changyu Pioneer Wine Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Yantai Changyu Pioneer Wine. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Yantai Changyu Pioneer Wine Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Yantai Changyu Pioneer Wine. The current macd is 0.05649357.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Changyu price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Changyu. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Changyu price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Yantai Changyu Pioneer Wine Daily Moving Average Convergence/Divergence (MACD) ChartYantai Changyu Pioneer Wine Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Yantai Changyu Pioneer Wine. The current adx is 22.24.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Changyu shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Yantai Changyu Pioneer Wine Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Yantai Changyu Pioneer Wine. The current sar is 9.77717099.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Yantai Changyu Pioneer Wine Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Yantai Changyu Pioneer Wine. The current rsi is 50.03. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Yantai Changyu Pioneer Wine Daily Relative Strength Index (RSI) ChartYantai Changyu Pioneer Wine Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Yantai Changyu Pioneer Wine. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Changyu price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Yantai Changyu Pioneer Wine Daily Stochastic Oscillator ChartYantai Changyu Pioneer Wine Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Yantai Changyu Pioneer Wine. The current cci is -78.50415893.

Yantai Changyu Pioneer Wine Daily Commodity Channel Index (CCI) ChartYantai Changyu Pioneer Wine Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Yantai Changyu Pioneer Wine. The current cmo is -9.1034255.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Yantai Changyu Pioneer Wine Daily Chande Momentum Oscillator (CMO) ChartYantai Changyu Pioneer Wine Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Yantai Changyu Pioneer Wine. The current willr is -78.37837838.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Changyu is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Yantai Changyu Pioneer Wine Daily Williams %R ChartYantai Changyu Pioneer Wine Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Yantai Changyu Pioneer Wine.

Yantai Changyu Pioneer Wine Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Yantai Changyu Pioneer Wine. The current atr is 0.20741177.

Yantai Changyu Pioneer Wine Daily Average True Range (ATR) ChartYantai Changyu Pioneer Wine Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Yantai Changyu Pioneer Wine. The current obv is -10,625,232.

Yantai Changyu Pioneer Wine Daily On-Balance Volume (OBV) ChartYantai Changyu Pioneer Wine Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Yantai Changyu Pioneer Wine. The current mfi is 36.43.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Yantai Changyu Pioneer Wine Daily Money Flow Index (MFI) ChartYantai Changyu Pioneer Wine Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Yantai Changyu Pioneer Wine.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-29STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Yantai Changyu Pioneer Wine Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Yantai Changyu Pioneer Wine based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.029
Ma 20Greater thanMa 509.463
Ma 50Greater thanMa 1008.977
Ma 100Greater thanMa 2008.825
OpenGreater thanClose9.260
Total3/5 (60.0%)
Penke

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