April 21, 2017 / 8:21 AM / 7 months ago

BRIEF-Yantai Changyu Pioneer Wine's 2016 net profit down 4.6 pct y/y

April 21 (Reuters) - Yantai Changyu Pioneer Wine Co Ltd

* Says 2016 net profit down 4.6 percent y/y at 982.5 million yuan ($142.80 million)

* Says 2017 capex at 1.2 billion yuan

Source text in Chinese: bit.ly/2pl1lqq; bit.ly/2pJMRNs

Further company coverage: ($1 = 6.8803 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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