2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2015 Third Quarter Report
2015-Final 04
Oct 2015
1
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
I. Important Notice
The board of directors,the board of supervisors,directors, supervisors & senior managers
of the Company collectively and individually accept full responsibility for the truthfulness,
accuracy and completeness of the information contained in this quarter report and confirm
that to the best of their knowledge and belief there are no unfaithful facts, significant
omissions or misleading statements.
All directors have personally attended the Board of Directors’ meeting for deliberating the
quarter report.
Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr.
Jiang Jianxun (Financial Director) assure the truthfulness, accuracy and completeness of the
financial report in the quarter report.
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key accounting data and financial data
Whether the Company makes retroactive adjustments or restates the accounting data of previous fiscal years.
□ Yes V No
The end of the The end of last year More or less than
report period last year(%)
Total assets (CNY) 9,655,921,097 8,912,232,640 8.34%
Net Assets attributed to the
shareholders of the listed 7,419,322,809 6,840,452,145 8.46%
company (CNY)
More or less than From the beginning of
More or less than
The report period last year(%) year to the end of the
last year(%)
report period
Business income (CNY) 860,434,812 -3.38% 3,686,228,062 15.46%
Net profit attributed to the
shareholders of the listed 136,798,209 -15.02% 882,858,457 10.49%
company (CNY)
Net profit attributed to the
shareholders of the listed
133,641,945 -16.19% 873,073,948 10.61%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
-- -- 1,219,234,324 11.16%
operating activities (CNY)
Basic earnings per share
0.20 -13.04% 1.29 11.21%
(CNY)
Diluted earnings per share
0.20 -13.04% 1.29 11.21%
(CNY)
Weighted average for earning
1.79% -0.61% 12.49% 0.55%
rate of the net assets
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Details of non-recurring profit and loss
√available □not available
Unit:CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets(including
1,421 94,839
the reversal of accrued impairment provision)
Government grants credited in profit and loss
(except for those recurring government grants
that are closely related to the entity's operation, 11,218,301 13,451,971
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 1,115,919 -936,620
Less: Income tax effect 2,551,132 2,959,916
Total 9,784,509 --
The reasons shall be made clear and definitely as to the non-recurring profit and loss that the Company
has defined by virtue of the Explanatory Announcement on Public Company’s Information Disclosure
No.1 - Non-recurring Profit and Loss and as to regarding the non-recurring profit and loss as recurrent
profit and loss as specified in the Explanatory Announcement on Public Company’s Information
Disclosure No.1 - Non-recurring Profit and Loss.
□Available V Not available
There is no situation regarding the non-recurring profit and loss as defined and specified in the
Explanatory Announcement on Public Company’s Information Disclosure No.1 - Non-recurring
Profit and Loss as recurrent profit and loss.
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. The total number of the shareholders and top 10 shareholders at the end of the report
period
1) The total number of common shareholders and top 10 common shareholders at the end of the
report period
Unit: share
Total number of common 35,368 including 19,937 A shareholders and
shareholders at the end of the report 15,431 B shareholders
period
The top 10 common shareholders
Numb Pledged or
er of frozen
Character of Percentage restric Shar
Name of Shareholders Shares held
shareholders (%) ted e Amo
shares statu unt
s
Domestic
non-state-
YANTAI CHANGYU GROUP CO. LTD. 50.40% 345,473,856 0 - 0
owned legal
person
Foreign -
GAOLING FUND,L.P. 3.11% 21,300,919 0 0
shareholder
Domestic -
CHINA SECURITIES FINANCE
CORPORATION LIMITED
general legal 2.33% 15,997,455 0 0
person
BBH BOS S/A FIDELITY FD - CHINA Foreign -
2.27% 15,576,126 0 0
FOCUS FD shareholder
GREENWOODS CHINA ALPHA MASTER Foreign -
1.26% 8,617,471 0 0
FUND shareholder
Foreign -
GOLDEN CHINA MASTER FUND 1.08% 7,389,916 0 0
shareholder
Foreign -
NORGES BANK 0.83% 5,698,452 0 0
shareholder
VALUE PARTNERS CHINA GREENCHIP Foreign -
0.74% 5,063,024 0 0
FUND LTD shareholder
Domestic -
CENTRAL HUIJIN INVESTMENT
COMPANY LIMITED
general legal 0.69% 4,761,200 0 0
person
GUOTAI JUNAN Foreign -
0.68% 4,669,146 0 0
SECURITIES(HONGKONG) LIMITED shareholder
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
common shares share
held
YANTAI CHANGYU GROUP CO. LTD. 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 21,300,919 B share 21,300,919
CHINA SECURITIES FINANCE CORPORATION LIMITED 15,997,455 A share 15,997,455
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,576,126 B share 15,576,126
GREENWOODS CHINA ALPHA MASTER FUND 8,617,471 B share 8,617,471
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
GOLDEN CHINA MASTER FUND 7,389,916 B share 7,389,916
NORGES BANK 5,698,452 B share 5,698,452
VALUE PARTNERS CHINA GREENCHIP FUND LTD 5,063,024 B share 5,063,024
CENTRAL HUIJIN INVESTMENT COMPANY LIMITED 4,761,200 A share 4,761,200
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 4,669,146 B share 4,669,146
Among the top 10 shareholders, Yantai Changyu Group
The explanation for the associated Company Limited has no associated relationship or accordant
relationship and accordant action action relationship with the other 9 listed shareholders, and the
relationship among the other shareholders is unknown.
Explanation for the top10 common
shareholders with unrestricted
The top 10 Shareholders is not involved in financing activities
shares who involved in financing
and stock trading business.
activities and stock trading
business(if any)
Whether or not the Company’s top10 common shareholders and top 10 common shareholders with
unrestricted shares promise to buy back trading during the report period
□ Yes √ No
There is no agreed to buy back trading by Company shareholders during the report period.
2) The total number of preferred shareholders and top 10 preferred shareholders at the end of the
report period
□Available V Not available
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
IIIMajorIssue
1. The Great Change and Reasons on Main Accountant Data and Financial Index
√available □not available
In consolidated financial statement, the great change and reasons on partial accountant data is as
follows,
Compared the end of the report period with the beginning of the year, monetary capital
increases by 53.50%, mainly due to the receivable of monetary capital in operation activity
profit and bank loan; prepayment decreases by 68.87%, mainly due to the reduction of prepaid
raw material purchase amount; Interest receivable increases by 89.17%, mainly due to the
increase of the receivable interest on bank deposit; inventory decreases by 22.83%, mainly
because selling products makes the decrease of merchandise inventory and raw material;
construction in process increases by 33%, mainly due to the increase of the accumulative total
investment in Company’s project under construction; short-term loans increases by 99.73%,
mainly due to the increase of short loan borrowing from bank; notes receivable increases by
40%, mainly due to the growth on payable bank acceptances; accounts payable decreases by
34.99%, mainly due to decrease of payable suppliers’ loan; interest payable increases by
37.54%, mainly due to the growth on payable interest of bank loan; other account payable
increases by 25.51%, mainly due to the increase of account payable for contractor in the
investment project under construction and advertisement fees.
Compared January to September, 2015 with the same period of last year, financial expense
increases by 164.37%, mainly due to the decline of income on bank deposit interest and the
increase of expenditure on bank loan interest; cash paid for other related to operation activity
which increases by 24.38%, mainly due to the growth of cash paid for marketing activities;
cash received from borrowing increases by 54.97%, mainly due to the growth on cash received
from bank short loan; net increase amount of cash and cash equivalents increases by 75.66%,
mainly due to the growth on net cash flow generated by operation activities and financial
activities.
Compared July to September, 2015 with the same period of last year, management expense of
the Company increases by 28.87%, mainly due to the growth of depreciation cost and
afforestation cost; financial expense increases by 3065.53%, mainly due to not only the increase
in expected losses on the fluctuation of foreign currency loans interest rate and the expenditure
of bank loan interest but also the decline in the income of bank loan interest.
2. Analysis explanation of the major issue’s process, its influence and the solution
V Available □Not available
About 75% equity of Dicot Partners S.L. in Spain acquired by the Company, related amount has
been paid in the report period and delivery of assets have been completed.
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Major issue summary Disclosure dates Disclosure index of interim report
Acquisition of 75% 2015.08.28 http://www.cninfo.com.cn/finalpage/2015-
equity of Dicot Partners 08-28/1201509186.PDF
S.L. in Spain
3. The commitments of the Company or shareholders of the Company holding more than
5% in the report period or until the report period
√available □not available
Comm
Commitment Commitment Implementa
Commitments Commitment content itment
Party time tion
period
Commitments at share
- - - -
reform
Commitments made in
acquisition report or equity - - - -
changes report
Commitments at asset
- - - -
restructuring
Yantai
Non Intra-industry In-process
Changyu 1997.05.18 Forever
competition performed
Group Co, Ltd
According to "Trademark
License Contract", the
Company will pay
Commitments at the initial trademark royalty for the
public offering or "Changyu"products of
Yantai
refinancing Yantai Changyu Group In-process
Changyu 1997.05.18 Forever
performed
Co., Ltd every year, Yantai
Group Co., Ltd
Changyu Group Co., Ltd
will use trademark to
advertise Changyu
trademarks and the
Contract products.
Commitments made to the
minority shareholders of - - - -
the Company
Commitment under timely
Yes
implementation or not
Specific reasons of not
completing the
No
implementation and the
next step
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4. Forecast on the operating performance in the year of 2015
Warning and explanation for the estimation on the possible loss of cumulative net profit in the
period from the beginning of this year to the end of the next report period or the great change
comparing with same period of last year.
□Available V Not available
5. The situation of security investment
□Available V Not available
There is no security investment during the report period.
6. The explanation of holding other listed company equity situation
□Available V Not available
There is no other listed company equity holding during the report period.
7. The situation of Derivatives investment
□Available V Not available
There is no derivative investment during the report period.
8. The activities registration form of receptions, communication and interview etc. during
the report period
□Available V Not available
There is no activities of receptions, communication and interview etc. during the report period.
9. Violation of regulations in external guarantee
□Available V Not available
There is no violation of regulation in external guarantee.
10. Non-business capital occupying of listed company by controlling shareholder and its
related parties
□Available V Not available
There are no non-business capitals occupying of listed company by controlling shareholder and
its related parties during the report period.
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Ⅳ Financial Statements
1.、Financial statements
1)、Consolidated balance sheet
Yantai Changyu Pioneer Wine Co. Ltd. 2015.09.30 Unit: CNY
Assets At 30 September 2015 At 31 December 2014
Current assets:
Monetary fund 1,758,101,356 1,145,365,071
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 134,588,926 138,315,319
Account receivable 159,907,612 145,672,411
Advance money 2,513,130 8,073,786
Interest receivable 6,846,961 3,619,429
Dividend receivable
Other account receivable 47,660,989 31,362,302
Inventories 1,610,791,807 2,087,376,398
Assets held for sale
Non-current assets due within
one year
Other current assets 23,466,319 29,662,076
Total current assets 3,743,877,100 3,589,446,792
Non-current assets:
Financial assets for sale
Investment held to expiration
Long-term account
receivable
Long-term equity investment
Real estate for investment
fixed assets 2,540,565,577 2,532,682,355
Construction in progress 2,261,599,127 1,700,466,500
Project material 0 0
Liquidation of fixed assets
Biological assets for
production 181,556,004 151,723,241
Oil and gas assets
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Intangible assets 450,189,688 452,951,194
Development expenditure
Goodwill 13,112,525 13,112,525
Long-term deferred expenses 207,521,904 201,911,605
Assets of deferred income tax 241,747,567 254,186,823
Other non-current assets 15,751,605 15,751,605
Total non-current assets 5,912,043,997 5,322,785,848
Total assets 9,655,921,097 8,912,232,640
Current liabilities:
Short-term loan 599,201,414 300,000,000
Financial liabilities which
are measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes payable 14,000,000 10,000,000
Accounts payable 232,595,646 357,811,822
Advance money 191,496,711 215,127,598
Wage payable 135,617,207 158,948,592
Tax payable 18,573,559 87,504,048
Interest payable 4,780,463 3,475,641
dividend payable
Other accounts payable 589,637,638 469,804,317
Liabilities held for sale
Non-current liabilities due
within one year
Other current liabilities 12,398,718 12,398,718
Total current liabilities 1,798,301,356 1,615,070,736
Non-current liabilities:
Long-term loan 196,369,600 209,380,000
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 70,702,284 76,024,992
Liabilities of deferred
income tax 4,485,917 4,565,636
Other non-current liabilities 3,998,352 3,998,352
Total non-current liabilities 275,556,153 293,968,980
Total liabilities 2,073,857,509 1,909,039,716
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Shareholder rights and
interests:
Share capital 685,464,000 685,464,000
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 563,139,042 563,139,042
Less: Inventory shares
Other comprehensive Income -5,186,904 -2,803,271
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 5,833,174,671 5,251,920,374
Total owner’s equity attributable
to parent Company 7,419,322,809 6,840,452,145
Minority interests 162,740,779 162,740,779
Total owner's equity 7,582,063,588 7,003,192,924
Total liabilities and owner's
equity 9,655,921,097 8,912,232,640
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2)、Balance sheet of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Assets At 30 September 2015 At 31 December 2014
Current assets:
Monetary fund 708,578,664 496,138,263
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 23,933,565 98,158,251
Account receivable 0 1,516,518
Advance money 883,984 1,710,787
Interest receivable 6,846,961 3,580,811
Dividend receivable 0 402,596,884
Other account receivable 4,723,500,885 4,708,836,276
Inventories 724,957,519 681,696,774
Assets held for sale
Non-current assets due within
one year
Other current assets 17,610,141 14,996,807
Total current assets 6,206,311,719 6,409,231,371
Non-current assets:
Financial assets for sale
Investment held to expiration
Long-term account
receivable
Long-term equity investment 1,093,087,027 1,093,437,027
Real estate for investment
Fixed assets 377,395,816 403,210,655
Construction in progress 273,189 182,765
Project material
Liquidation of fixed assets
Biological assets for
production 104,848,354 83,631,722
Oil and gas assets
Intangible assets 74,976,314 76,760,678
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 18,877,285 27,053,571
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other non-current assets
Total non-current assets 1,669,457,985 1,684,276,418
Total assets 7,875,769,704 8,093,507,789
Current liabilities:
Short-term loan 599,201,414 300,000,000
Financial liabilities which
are measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes payable
Accounts payable 178,325,815 228,052,722
Advance money
Wage payable 56,071,378 70,233,251
Tax payable 6,164,183 18,205,124
Interest payable 4,780,463 3,475,641
dividend payable
Other accounts payable 688,079,921 1,030,604,819
Liabilities held for sale
Non-current liabilities due
within one year
Other current liabilities 3,017,898 3,017,898
Total current liabilities 1,535,641,072 1,653,589,455
Non-current liabilities:
Long-term loan 196,369,600 209,380,000
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 20,271,221 22,747,915
Liabilities of deferred
income tax
Other non-current liabilities 1,895,828 1,895,828
Total non-current liabilities 218,536,649 234,023,743
Total liabilities 1,754,177,721 1,887,613,198
Shareholder rights and
interests:
Share capital 685,464,000 685,464,000
Other equity instrument
Including: preferred stock
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Perpetual capital securities
Capital public reserve 557,222,454 557,222,454
Less: Inventory shares
Other comprehensive Income
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 4,536,173,529 4,620,476,137
Total owner's equity 6,121,591,983 6,205,894,591
Total liabilities and owner's
equity 7,875,769,704 8,093,507,789
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3)、Consolidated profit statement during the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2015 2014
1. Total business income 860,434,812 890,560,257
Including : Business income 860,434,812 890,560,257
2. Total business cost 682,081,799 680,635,306
Including:Business cost 249,515,941 296,035,468
Business tax and associate charges 63,187,225 71,547,225
Sales expenses 297,952,014 268,432,892
Management expenses 58,080,802 45,069,753
Financial expenses 13,345,817 -450,032
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-")
Investment profit (loss is listed with "-")
Including: investment profit for joint-run business
and joint venture
3. Operating profit (loss is listed with "-") 178,353,013 209,924,951
Add: Non-operating income 4,924,080 4,663,088
Including: Disposal earnings of non-current asset 2,985 0
Less: non-operating expenditures 1,031,322 1,292,178
Including: non-current assets disposing loss 1,564 -10,897
4. Total profit (loss is listed with "-") 182,245,771 213,295,861
Less: income tax expenses 45,447,562 52,325,722
5. Net profit (net loss is listed with "-") 136,798,209 160,970,139
Net profit of parent company's owners 136,798,209 160,970,139
Minority shareholder profit and loss
6. Net after-tax of other comprehensive income 1,761,358 -1,167,652
Net after-tax of other comprehensive income
1,761,358 -1,167,652
attributable to owners of parent company
(I) Other comprehensive income items which will
not be reclassified subsequently to profit of loss
1). Changes as a result of re-measurement of net
defined benefit plan liability or asset
2). Share of the other comprehensive income of the
investee accounted for using equity method which
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which will
1,761,358 -1,167,652
be reclassified subsequently to profit or loss
1). Share of the other comprehensive income of the
investee accounted for using equity method which
will be reclassified subsequently to profit or loss
2). Gains or losses arising from changes in fair value
16
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
of available-for-sale financial assets
3). Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
financial assets
4). The effect hedging portion of gains or losses
arising from cash flow hedging instruments
5). Translation differences arising on translation of
1,761,358 -1,167,652
foreign currency financial statements
6). Other
Net after-tax of other comprehensive income
attributable to minority shareholders
7. Total comprehensive income 138,559,567 159,802,487
Total comprehensive income attributable to owners
138,559,567 159,802,487
of parent Company
Total comprehensive income attributable to minority
shareholders
8. Earnings per share:
(i) Basic earnings per share 0.20 0.23
(ii) Diluted earnings per share 0.20 0.23
During this report period, the issue relates to company consolidation under common control, consolidated party completes net profit
amount of CNY 0 before being consolidated, and consolidated party completes net profit amount of CNY 0 in the same period of last
year.
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4)、Profit statement of parent company during the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2015 2014
1. Business income 291,897,847 416,385,311
Less: Business cost 241,514,316 334,343,258
Business tax and associate charges 29,809,401 45,932,704
Sales expenses
Management expenses 19,080,677 25,710,512
Financial expenses 12,852,778 -2,436,611
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 165,805,888 666,018,499
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 154,446,563 678,853,947
Add: non-operating income 1,010,174 1,599,689
Including: Disposal earnings of non-current asset
Less: non-operating expenditures 241,565 619,379
Including: non-current assets disposing loss
3. Total profit (loss is listed with "-") 155,215,172 679,834,257
Less: income tax expenses -2,647,679 3,453,940
4. Net profit (net loss is listed with "-") 157,862,851 676,380,317
5. Net after-tax of other comprehensive income
(I) Other comprehensive income items which will
not be reclassified subsequently to profit of loss
1). Changes as a result of re-measurement of net
defined benefit plan liability or asset
2). Share of the other comprehensive income of
the investee accounted for using equity method
which will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income items which will
be reclassified subsequently to profit or loss
1). Share of the other comprehensive income of
the investee accounted for using equity method
which will be reclassified subsequently to profit or
loss
2). Gains or losses arising from changes in fair
value of available-for-sale financial assets
3). Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
financial assets
4). The effect hedging portion of gains or losses
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
arising from cash flow hedging instruments
5). Translation differences arising on translation of
foreign currency financial statements
6). Other
6. Total comprehensive income 157,862,851 676,380,317
7. Earnings per share:
(i) Basic earnings per share 0.23 0.99
(ii) Diluted earnings per share 0.23 0.99
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2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
5)、Consolidated profit statement from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2015 2014
1. Total business income 3,686,228,062 3,192,550,505
Including : Business income 3,686,228,062 3,192,550,505
2. Total business cost 2,524,530,583 2,143,581,647
Including:Business cost 1,182,038,684 1,050,337,854
Business tax and associate charges 203,798,313 203,984,038
Sales expenses 951,377,530 754,913,922
Management expenses 177,851,142 149,050,250
Financial expenses 9,464,914 -14,704,417
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-")
Investment profit (loss is listed with "-")
Including: investment profit for joint-run business
and joint venture
3. Operating profit (loss is listed with "-") 1,161,697,479 1,048,968,858
Add: Non-operating income 13,720,914 14,107,884
Including: Disposal earnings of non-current asset 2,985 0
Less: non-operating expenditures 1,385,273 1,497,694
Including: non-current assets disposing loss 1,564 0
4. Total profit (loss is listed with "-") 1,174,033,120 1,061,579,048
Less: income tax expenses 291,174,663 262,567,598
5. Net profit (net loss is listed with "-") 882,858,457 799,011,450
Net profit of parent company's owners 882,858,457 799,011,450
Minority shareholder profit and loss
6. Net after-tax of other comprehensive income -2,383,633 -1,437,255
Net after-tax of other comprehensive income
-2,383,633 -1,437,255
attributable to owners of parent company
(I) Other comprehensive income items which will
not be reclassified subsequently to profit of loss
1). Changes as a result of re-measurement of net
defined benefit plan liability or asset
2). Share of the other comprehensive income of the
investee accounted for using equity method which
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which will
-2,383,633 -1,437,255
be reclassified subsequently to profit or loss
1). Share of the other comprehensive income of the
investee accounted for using equity method which
20
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
will be reclassified subsequently to profit or loss
2). Gains or losses arising from changes in fair value
of available-for-sale financial assets
3). Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
financial assets
4). The effect hedging portion of gains or losses
arising from cash flow hedging instruments
5). Translation differences arising on translation of
-2,383,633 -1,437,255
foreign currency financial statements
6). Other
Net after-tax of other comprehensive income
attributable to minority shareholders
7. Total comprehensive income 880,474,824 797,574,195
Total comprehensive income attributable to owners
880,474,824 797,574,195
of parent Company
Total comprehensive income attributable to minority
shareholders
8. Earnings per share:
(i) Basic earnings per share 1.29 1.16
(ii) Diluted earnings per share 1.29 1.16
During this report period, the issue relates to company consolidation under common control, consolidated party completes net profit
amount of CNY 0 before being consolidated, and consolidated party completes net profit amount of CNY 0 in the same period of last
year.
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
21
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6)、Profit statement of parent company from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2015 2014
1. Business income 980,951,076 1,106,282,590
Less: Business cost 789,900,152 900,088,247
Business tax and associate charges 105,768,887 121,671,047
Sales expenses
Management expenses 76,796,243 75,668,879
Financial expenses 5,811,231 -12,845,994
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 212,576,174 731,492,782
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 215,250,737 753,193,193
Add: non-operating income 4,168,595 3,753,448
Including: Disposal earnings of non-current asset
Less: non-operating expenditures 542,654 619,379
Including: non-current assets disposing loss
3. Total profit (loss is listed with "-") 218,876,678 756,327,262
Less: income tax expenses 1,575,126 6,208,620
4. Net profit (net loss is listed with "-") 217,301,552 750,118,642
5. Net after-tax of other comprehensive income
(I) Other comprehensive income items which will
not be reclassified subsequently to profit of loss
1). Changes as a result of re-measurement of net
defined benefit plan liability or asset
2). Share of the other comprehensive income of
the investee accounted for using equity method
which will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income items which will
be reclassified subsequently to profit or loss
1). Share of the other comprehensive income of
the investee accounted for using equity method
which will be reclassified subsequently to profit or
loss
2). Gains or losses arising from changes in fair
value of available-for-sale financial assets
3). Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
22
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
financial assets
4). The effect hedging portion of gains or losses
arising from cash flow hedging instruments
5). Translation differences arising on translation of
foreign currency financial statements
6). Other
6. Total comprehensive income 217,301,552 750,118,642
7. Earnings per share:
(i) Basic earnings per share 0.32 0.11
(ii) Diluted earnings per share 0.32 0.11
23
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
7)、Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended
Item
September 2015 30 September 2014
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 3,686,172,658 3,488,176,932
Tax refund received 2,300,000
Other cash received related to operating activities 13,703,183 19,977,917
Subtotal of cash flows of operating activities 3,699,875,841 3,510,454,849
Cash paid for goods and services 562,603,094 610,813,461
Cash paid to and on behalf of employees 275,218,502 259,145,333
Cash paid for taxes and expenses 1,036,869,330 1,056,511,881
Other cash paid related to operating activities 605,950,591 487,190,069
Sub-total of cash outflows of operating activities 2,480,641,517 2,413,660,744
Net cash flow from operating activities 1,219,234,324 1,096,794,105
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 37,245,259 275,392,728
Cash received from obtaining investment profit 1,091,331 8,360,995
Net cash received from disposal of fixed assets, intangible
30,300 100
assets and other long-term assets
Net cash received from disposal of branch and other
business unit
Other cash received related to investing activities
Subtotal of cash flows of investment activities 38,366,890 283,753,823
Cash paid to acquire fixed assets, intangible assets and
572,289,511 676,609,445
other long-term assets
Cash paid to buy fixed deposit with the term of over 3
11,000,000 77,247,483
months
Cash for investment 500,000
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 583,789,511 753,856,928
Net cash flow from investing activities -545,422,621 -470,103,105
3. Cash flow from financing activities
Cash received from acquiring investment
Including: cash received from acquiring minority shareholders
investment by subsidiary
Cash received from acquiring loans 498,979,200 321,993,680
Other cash received related to financing activities 129,182,292
24
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Subtotal cash flows of financing activities 498,979,200 451,175,972
Cash paid to pay debts 219,273,330 242,219,439
Cash paid to distribute dividend, profit or pay interest 316,787,365 348,206,212
Including: dividend and profit paid to minority
shareholders by subsidiary
Other cash paid related to financing activities 125,000,000
Subtotal of cash outflows of financing activities 536,060,695 715,425,651
Net cash flow from financing activities -37,081,495 -264,249,679
4. Influences of exchange rate fluctuation on cash and cash
-1,746,180 -955,861
equivalents
5. Net Increase in cash and cash equivalents 634,984,028 361,485,460
Add: balance at the beginning of the period of cash and cash
960,472,274 956,558,932
equivalents
6.Balance at the end of the period of cash and cash equivalents 1,595,456,302 1,318,044,392
25
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
8)、Cash flow statement of parent company from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended
Item
September 2015 30 September 2014
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 746,119,787 824,436,981
Tax refund received
Other cash received related to operating activities 1,649,471 8,435,432
Subtotal of cash flows of operating activities 747,769,258 832,872,413
Cash paid for goods and services 355,658,742 351,039,198
Cash paid to and on behalf of employees 110,941,633 88,087,059
Cash paid for taxes and expenses 147,646,342 204,621,077
Other cash paid related to operating activities 376,478,651 1,375,496,249
Sub-total of cash outflows of operating activities 990,725,368 2,019,243,583
Net cash flow from operating activities -242,956,110 -1,186,371,170
2. Cash flow from investing activities:
Cash received from return of investment 350,000
Withdraw of fixed deposit with the term of over 3 months 37,245,259 275,392,728
Cash received from obtaining investment profit 519,194,784 1,492,449,661
Cash received from interest income
Net cash received from disposal of fixed assets, intangible
30,200 121,997
assets and other long-term assets
Net cash received from disposal of branch and other
business unit
Other cash received related to investing activities
Subtotal of cash flows of investment activities 556,820,243 1,767,964,386
Cash paid to acquire fixed assets, intangible assets and
26,594,493 33,910,855
other long-term assets
Cash paid for buying fixed deposit with the term of over 3
11,000,000 51,547,483
months
Cash for investment 500,000
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 38,094,493 85,458,338
Net cash flow from investing activities 518,725,750 1,682,506,048
3. Cash flow from financing activities
Cash received from acquiring investment
Including: cash received from acquiring minority shareholders
investment by branch
Cash received from acquiring loans 498,979,200 321,993,680
Other cash received related to financing activities 129,182,292
Subtotal cash flows of financing activities 498,979,200 451,175,972
26
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid to pay debts 219,273,330 242,219,439
Cash paid to distribute dividend, profit or pay interest 316,787,365 348,206,212
Including: dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities 125,000,000
Subtotal of cash outflows of financing activities 536,060,695 715,425,651
Net cash flow from financing activities -37,081,495 -264,249,679
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents 238,688,145 231,885,199
Add: balance at the beginning of the period of cash and cash
333,245,466 197,150,989
equivalents
6.Balance at the end of the period of cash and cash equivalents 571,933,611 429,036,188
2. Audit report
Whether the third quarter report has been audited.
□Yes √No
rd
The 3 quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
28th October 2015
27
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