Yantai Changyu Pioneer Wine Company Limited announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,134.006 million compared to CNY 805.715 million a year ago. Operating income was CNY 384.836 million compared to CNY 312.504 million a year ago. Net income was CNY 286.745 million compared to CNY 234.499 million a year ago. Basic earnings per share from continuing operations was CNY 0.42 compared to CNY 0.34 a year ago.