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: http://bit.ly/2pl1lqq;

http://bit.ly/2pJMRNs

Further company coverage:

($1 = 6.8803 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)