BRIEF-Yantai Changyu Pioneer Wine's Q1 net profit down 4.8 pct y/y

April 27 (Reuters) - Yantai Changyu Pioneer Wine Co Ltd

* Says Q1 net profit down 4.8 percent y/y at 516.6 million

yuan ($74.96 million)

Source text in Chinese: http://bit.ly/2qaQIq9

Further company coverage:

($1 = 6.8918 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)