2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2017 Third Quarter Report
2017-Final 04
October, 2017
1
2017 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 report and confirm that to the
best of their knowledge and belief there are no unfaithful facts, significant omissions or
misleading statements.
All directors attended the meeting for deliberating this 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 annual report.
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key financial data
Whether the Company needs to make retroactive adjustments or restates the accounting data of
previous fiscal years
□Yes No
The end of the report The end of last year More or less than
period last year(%)
Total assets (CNY) 12,096,803,825 11,528,077,971 4.93%
Net Assets attributed to the
shareholders of the listed 8,690,391,034 8,209,010,989 5.86%
company (CNY)
More or less From the beginning More or less
The report period than of year to the end than
last year of the report period last year
Business income (CNY) 1,030,899,920 2% 3,797,998,117 0.91%
Net profit attributed to the
shareholders of the listed 146,115,408 12.61% 816,184,462 -1.04%
company (CNY)
Net profit attributed to the
shareholders of the listed
138,825,432 12.86% 790,473,838 -1.37%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
-- -- 806,627,830 -18.61%
operating activities (CNY)
Basic earnings per share (CNY) 0.21 10.53% 1.19 -0.83%
Diluted earnings per share
0.21 10.53% 1.19 -0.83%
(CNY)
Weighted average for earning
1.68% 0.08% 9.56% -0.03%
rate of the net assets
Item and amount of irregular profit and loss
Available □Not available
Unit：CNY
From beginning of year to
Item Explanation
end of report period
Gain on disposal of non-current assets, including the
-773,087
reversal of accrued impairment provision
Tax return, deduction and exemption with
unauthorized approval or no official document of 17,764,950
approval
Government subsidies recorded in current profit and
loss (except the government subsidies that closely
12,044,794
related to enterprise business and enjoyed by rationing
or quantifying according to uniform Nation Standard
Other non-operating income and expenses 4,722,476
Less: Income tax effect 8,048,509
Total 25,710,624 --
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
The reasons shall be made clear and definitely as to the irregular profit and loss that the Company has
defined by virtue of the Explanatory Announcement on Public Company’s Information Disclosure No.1
- Irregular Profit and Loss and as to regarding the irregular profit and loss as recurrent profit and loss as
specified in the Explanatory Announcement on Public Company’s Information Disclosure No.1 -
Irregular Profit and Loss.
□Available 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.
2. The total number of shareholders and top 10 shareholders at the end of the report period
1) The number of the common shareholders and preferred shareholders with recovered
voting power as well as the shareholding of top 10 shareholders
Unit: share
Total number of preferred
Total number of common shareholders shareholders with recovered
48,049 0
at the end of report period voting power at the end of report
period
The top 10 common shareholders
Number Pledged or
Character of Percentage of frozen
Name of Shareholders Shares held
shareholders (%) restricted Share
Amount
shares status
Domestic non-
YANTAI CHANGYU GROUP
state-owned 50.40% 345,473,856 0 0
COMPANY LIMITED
legal person
Foreign legal
GAOLING FUND,L.P. 3.11% 21,300,919 0 0
person
CHINA SECURITIES State-owned
2.32% 15,924,155 0 0
FINANCE CORP legal person
BBH BOS S/A FIDELITY FD - Foreign legal
2.22% 15,241,826 0 0
CHINA FOCUS FD person
GUOTAI JUNAN
Foreign legal
SECURITIES(HONGKONG) 0.95% 6,531,520 0 0
person
LIMITED
FIDELITY PURITAN
TRUST: FIDELITY SERIES Foreign legal
0.88% 6,000,851 0 0
INTRINSIC person
OPPORTUNITIES FUND
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200 0 0
MANAGEMENT LTD. legal person
BBH A/C VANGUARD
Foreign legal
EMERGING MARKETS 0.55% 3,788,487 0 0
person
STOCK INDEX FUND
FIDELITY CHINA SPECIAL Foreign legal
0.55% 3,779,202 0 0
SITUATIONS PLC person
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Foreign legal
NORGES BANK 0.52% 3,558,797 0 0
person
The top 10 common shareholders with unrestricted shares
Number of Type of share
Name of Shareholders unrestricted
Type of share Amount
shares held
YANTAI CHANGYU GROUP COMPANY
345,473,856 A share 345,473,856
LIMITED
GAOLING FUND,L.P. 21,300,919 B share 21,300,919
CHINA SECURITIES FINANCE CORP 15,924,155 A share 15,924,155
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
GUOTAI JUNAN SECURITIES(HONGKONG)
6,531,520 B share 6,531,520
LIMITED
FIDELITY PURITAN TRUST: FIDELITY SERIES
6,000,851 B share 6,000,851
INTRINSIC OPPORTUNITIES FUND
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
BBH A/C VANGUARD EMERGING MARKETS
3,788,487 B share 3,788,487
STOCK INDEX FUND
FIDELITY CHINA SPECIAL SITUATIONS PLC 3,779,202 B share 3,779,202
NORGES BANK 3,558,797 B share 3,558,797
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 of
action relationship with the other 9 listed shareholders, and the
the top 10 shareholders
relationship among the other shareholders is unknown.
Explanation for the top 10 common
shareholders who involved in
No
financing activities and stock
trading business(if any)
Whether or not the Company’s top 10 common shareholders and top 10 common shareholders with
unrestricted shares promise to buy back trading during the report period
□Yes No
There are no top 10 common shareholders and top 10 common shareholders with unrestricted shares
in the Company promise to buy back trading during the report period.
2) The total number of the preferred shareholders and top 10 preferred shareholders at the
end of the report period
□Available Not available
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. The great change and reasons on key financial data and financial index
Available □Not available
Compared the end of the report period with the beginning of the year, interest receivable increased by 1255.85%, mainly due to increase in
interest receivable of bank deposit; account receivable increased by 30.46%, mainly due to increase in goods payment receivable owed by
clients; other account receivable increased by 72.39%, mainly due to increase in account receivable of VAT refund; other current assets
increased by 80.17%, mainly due to increase in VAT to be deducted; construction in process increased by 24.28%, mainly due to increase in
accumulated investment amount of the Company’s investment projects under construction; intangible assets increased by 28.68%, mainly owing
that acquired Indomita Wine Company Chile, SpA was included in the consolidated statement; deposit received decreased by 41.57%, mainly
due to decrease in client payment for goods; other payables increased by 34.88%, mainly due to increase in payable advertising expense; long-
term loan increased by 248.73%, mainly due to increase in long-term loan obtained from the bank.
Compared from January to September of 2017 with the same period last year, non-business income decreased by 82.98%, mainly owing that
government subsidy was adjusted from non-business income to other income according to new accounting standard; non-operating expenditures
increased by 82.43%, mainly due to loss from disposing non-current assets; translation differences arising on translation of foreign currency
financial statements increased by 947.96%, mainly due to influence of foreign currency upvaluation when statement of overseas enterprise was
converted to CNY statement; tax refund received in the cash flow statement increased by 215.29%, mainly due to increase in VAT refunds
received by Indomita Wine Company Chile, SpA; other cash received related to operating activities increased by 53.79%, mainly due to
increase in government subsidy; net cash paid to acquire branch and other business unit increased by 40372.19%, mainly due to payment of
investment amount for the acquisition of Indomita Wine Company Chile, SpA.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available Not available
3. The commitments that the Company’s actual controllers, shareholders, related parties, purchasers, the Company or other
commitment parties do not complete up performing during the report period
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Available □Not available
Commitment Commitment Commitment Commitment Commitment
Commitments Implementation
Party Type Content Time Period
Commitments at share reform - －
Commitments made in acquisition report
- - - -
or equity changes report
Commitments at asset restructuring - - - -
Yantai Changyu Solve horizontal Non-horizontal Has been
1997.05.18 Permanent
Group Co., Ltd competition competition performed
According to
"Trademark
License
Contract", the
Company will
pay trademark
royalty for the
"Changyu"produ
Commitments at the initial public Defining the cts of Yantai
offering or refinancing Yantai Changyu uses of Changyu Group Has been
1997.05.18 Permanent
Group Co., Ltd trademark use Co., Ltd every performed
fee year, Yantai
Changyu Group
Co., Ltd will use
trademark to
advertise
Changyu
trademarks and
the Contract
products.
Equity incentive commitments - -
Commitments made to the minority
- - - - -
shareholders of the Company
Commitment under timely Yes
implementation or not
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
For commitments that exceed the time No
limit and are not completed, specific
reasons of not completing the
implementation and the next step
4. Forecast on the operating performance in 2017
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 Not available
5. The situation of security investment
□Available Not available
There is no security investment during the report period.
6. The situation of derivative investment
□Available Not available
There is no derivative investment during the report period.
7. The activities registration form of reception investigation, communication and interview etc. during the report period
□Available Not available
There are no activities of reception investigation, communication and interview etc. during the report period.
8. The situation of illegal external guarantee
□Available Not available
There is no illegal external guarantee during the report period.
9. The situation of non-operating fund occupation of controlling shareholders and related parties
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
□Available Not available
There is no non-operating fund occupation of controlling shareholders and related parties during the report period.
10. The situation of carrying out social responsibility of precise poverty
There is no carried out precise poverty and no plan for subsequent precise poverty during the third quarter report period.
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2017 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. 2017.09.30 Unit: CNY
Assets At 30 September 2017 At 31 December 2016
Current assets：
Monetary fund 1,392,937,947 1,391,517,607
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 230,591,154 210,470,027
Account receivable 225,773,801 173,062,628
Advance money 2,488,381 2,175,606
Interest receivable 328,116 24,200
Dividend receivable
Other account receivable 32,548,649 18,880,800
Inventories 2,125,888,282 2,248,609,740
Assets held for sale 2,000,197 2,000,197
Non-current assets due within
one year
Other current assets 305,435,090 169,522,242
Total current assets 4,317,991,617 4,216,263,047
Non-current assets：
Financial assets for sale 469,398 340,263
Investment held to expiration
Long-term account
receivable
Long-term equity investment
Real estate for investment
Fixed assets 4,708,631,879 4,683,187,493
Construction in progress 1,673,108,810 1,346,281,737
Project material
Liquidation of fixed assets
Biological assets for
195,565,320 201,428,980
production
Oil and gas assets
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Intangible assets 622,588,201 483,815,080
Development expenditure
Goodwill 127,874,558 121,265,866
Long-term deferred expenses 154,900,467 162,206,229
Assets of deferred income tax 277,963,327 295,937,037
Other non-current assets 17,710,248 17,352,239
Total non-current assets 7,778,812,208 7,311,814,924
Total assets 12,096,803,825 11,528,077,971
Current liabilities:
Short-term loan 805,442,640 662,388,882
Financial liabilities which
are measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes payable 0 38,900,000
Accounts payable 435,417,099 545,231,319
Advance money 248,484,214 425,246,421
Wage payable 164,172,174 206,431,734
Tax payable 91,997,181 144,042,600
Interest payable 0 563,613
dividend payable 703,430
Other accounts payable 736,871,609 546,305,310
Liabilities held for sale
Non-current liabilities due
101,017,445 71,799,093
within one year
Other current liabilities 9,876,053 11,163,883
Total current liabilities 2,593,981,845 2,652,072,855
Non-current liabilities：
Long-term loan 171,369,837 49,140,555
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable 269,000,000 293,000,000
Long-term wages payable
Special accounts payable
Deferred income 95,528,608 101,775,243
Liabilities of deferred
27,945,572 24,908,410
income tax
Other non-current liabilities 7,696,222 7,696,222
Total non-current liabilities 571,540,239 476,520,430
Total liabilities 3,165,522,084 3,128,593,285
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2017 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 565,955,441 565,955,441
Less: Inventory shares
Other comprehensive Income 2,668,569 -5,259,014
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 7,093,571,024 6,620,118,562
Total owner’s equity attributable
8,690,391,034 8,209,010,989
to parent Company
Minority interests 240,890,707 190,473,697
Total owner's equity 8,931,281,741 8,399,484,686
Total liabilities and owner's
12,096,803,825 11,528,077,971
equity
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2)、Balance sheet of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Assets At 30 September 2017 At 31 December 2016
Current assets：
Monetary fund 672,504,625 269,460,060
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 63,576,251 1,114,200
Account receivable 20,600 3,326,683
Advance money 512,509 702,647
Interest receivable 51,729 24,200
Dividend receivable 0 531,819,113
Other account receivable 1,673,455,504 3,582,532,862
Inventories 419,720,952 792,732,418
Assets held for sale 2,000,197 2,000,197
Non-current assets due within
one year
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other current assets 45,583,557 20,085,058
Total current assets 2,877,425,924 5,203,797,438
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account
receivable
Long-term equity investment 3,992,587,403 1,834,341,541
Real estate for investment
Fixed assets 313,052,710 347,481,417
Construction in progress 3,671,854 500,000
Project material
Liquidation of fixed assets
Biological assets for
119,514,617 123,036,693
production
Oil and gas assets
Intangible assets 70,218,008 72,002,372
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 23,352,058 26,985,252
Other non-current assets 2,788,906,444 2,617,457,460
Total non-current assets 7,311,303,094 5,021,804,735
Total assets 10,188,729,018 10,225,602,173
Current liabilities:
Short-term loan 600,000,000 500,000,000
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 48,336,496 247,568,857
Advance money 6,000,000 6,000,000
Wage payable 55,790,653 70,812,761
Tax payable 18,560,070 33,266,225
Interest payable 0 563,613
dividend payable
Other accounts payable 552,146,620 368,310,362
Liabilities held for sale
Non-current liabilities due
0 29,227,200
within one year
Other current liabilities 1,767,054 1,767,054
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total current liabilities 1,282,600,893 1,257,516,072
Non-current liabilities：
Long-term loan
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 18,202,137 19,933,699
Liabilities of deferred
income tax
Other non-current liabilities 2,499,403 2,499,403
Total non-current liabilities 20,701,540 22,433,102
Total liabilities 1,303,302,433 1,279,949,174
Shareholder rights and
interests：
Share capital 685,464,000 685,464,000
Other equity instrument
Including: preferred stock
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 7,300,008,131 7,360,234,545
Total owner's equity 8,885,426,585 8,945,652,999
Total liabilities and owner's
10,188,729,018 10,225,602,173
equity
3)、Consolidated profit statement during the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2017 2016
1. Total business income 1,030,899,920 1,010,732,839
Including : Business income 1,030,899,920 1,010,732,839
2. Total business cost 849,810,998 844,198,855
Including：Business cost 329,547,531 333,864,479
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Tax and associate charges 55,781,211 61,035,668
Sales expenses 387,624,972 375,213,789
Management expenses 70,339,152 63,948,763
Financial expenses 7,139,053 10,136,156
Assets depreciation loss -620,921
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
Other income 29,809,744
3. Operating profit (loss is listed with "-") 210,898,666 166,533,984
Add: Non-operating income -18,028,219 9,067,280
Including: Disposal earnings of non-current asset 52,850
Less: non-operating expenditures 488,358 383,399
Including: non-current assets disposing loss 330,866 4,598
4. Total profit (loss is listed with "-") 192,382,089 175,217,865
Less: income tax expenses 44,950,415 45,167,011
5. Net profit (net loss is listed with "-") 147,431,674 130,050,854
Net profit of parent company's owners 146,115,408 129,748,790
Minority shareholder profit and loss 1,316,266 302,064
6. Net after-tax of other comprehensive income 7,625,587 -6,479,357
Net after-tax of other comprehensive income
6,468,774 -5,493,441
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
6,468,774 -5,493,441
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
arising from cash flow hedging instruments
5). Translation differences arising on translation of
6,468,774 -5,493,441
foreign currency financial statements
6). Other
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Net after-tax of other comprehensive income
1,156,813 -985,916
attributable to minority shareholders
7. Total comprehensive income 155,057,261 123,571,497
Total comprehensive income attributable to owners
152,584,182 124,255,349
of parent Company
Total comprehensive income attributable to minority
2,473,079 -683,852
shareholders
8. Earnings per share:
(i) Basic earnings per share 0.21 0.19
(ii) Diluted earnings per share 0.21 0.19
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
4)、Profit statement of parent company during the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2017 2016
1. Business income 216,615,411 294,628,902
Less： Business cost 182,660,783 228,032,632
Tax and associate charges 9,293,101 30,216,123
Sales expenses
Management expenses 23,343,115 24,357,373
Financial expenses -6,419,161 11,513,117
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 212,738,266 281,433,572
Including: investment profit for joint-run business
and joint venture
Other income 1,668,380
2. Operating profit (loss is listed with "-") 222,144,219 281,943,229
Add: non-operating income -715,895 656,267
Including: Disposal earnings of non-current asset 601
Less: non-operating expenditures 476,742 294,672
Including: non-current assets disposing loss 458,057 490
3. Total profit (loss is listed with "-") 220,951,582 282,304,824
Less: income tax expenses 1,879,991 217,814
4. Net profit (net loss is listed with "-") 219,071,591 282,087,010
5. Net after-tax of other comprehensive income
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
(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
arising from cash flow hedging instruments
5). Translation differences arising on translation of
foreign currency financial statements
6). Other
6. Total comprehensive income 219,071,591 282,087,010
7. Earnings per share:
(i) Basic earnings per share 0.32 0.41
(ii) Diluted earnings per share 0.32 0.41
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
2017 2016
1. Total business income 3,797,998,117 3,763,765,638
Including : Business income 3,797,998,117 3,763,765,638
2. Total business cost 2,740,611,614 2,684,436,063
Including：Business cost 1,255,301,664 1,236,598,583
Tax and associate charges 216,255,209 214,117,460
Sales expenses 1,056,360,698 1,025,951,023
Management expenses 200,881,538 186,644,608
Financial expenses 18,287,002 21,124,389
Assets depreciation loss -6,474,497 0
Add: fair value charge profit (loss is listed with "-")
Investment profit (loss is listed with "-")
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2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Including: investment profit for joint-run business
and joint venture
Other Income 29,809,744
3. Operating profit (loss is listed with "-") 1,087,196,247 1,079,329,575
Add: Non-operating income 5,275,986 31,000,806
Including: Disposal earnings of non-current asset 209,450 94,567
Less: non-operating expenditures 1,326,597 727,175
Including: non-current assets disposing loss 982,537 114,650
4. Total profit (loss is listed with "-") 1,091,145,636 1,109,603,206
Less: income tax expenses 273,703,205 283,882,492
5. Net profit (net loss is listed with "-") 817,442,431 825,720,714
Net profit of parent company's owners 816,184,462 824,770,637
Minority shareholder profit and loss 1,257,969 950,077
6. Net after-tax of other comprehensive income 9,393,328 222,397
Net after-tax of other comprehensive income
7,927,583 756,478
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
7,927,583 756,478
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
arising from cash flow hedging instruments
5). Translation differences arising on translation of
7,927,583 756,478
foreign currency financial statements
6). Other
Net after-tax of other comprehensive income
1,465,745 -534,081
attributable to minority shareholders
7. Total comprehensive income 826,835,759 825,943,111
Total comprehensive income attributable to owners
824,112,045 825,527,115
of parent Company
Total comprehensive income attributable to minority
2,723,714 415,996
shareholders
18
2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
8. Earnings per share:
(i) Basic earnings per share 1.19 1.20
(ii) Diluted earnings per share 1.19 1.20
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.
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
2017 2016
1. Business income 1,048,435,914 949,927,902
Less： Business cost 920,611,161 729,345,231
Tax and associate charges 58,158,891 103,617,979
Sales expenses
Management expenses 63,421,183 79,384,545
Financial expenses 2,873,808 29,763,533
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 278,866,246 965,325,025
Including: investment profit for joint-run business
and joint venture
Other Income 1,668,380
2. Operating profit (loss is listed with "-") 283,905,497 973,141,639
Add: non-operating income 418,861 1,797,395
Including: Disposal earnings of non-current asset 133,833 94,567
Less: non-operating expenditures 619,784 331,511
Including: non-current assets disposing loss 580,842 22,328
3. Total profit (loss is listed with "-") 283,704,574 974,607,523
Less: income tax expenses 1,198,988 2,320,625
4. Net profit (net loss is listed with "-") 282,505,586 972,286,898
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
19
2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
arising from cash flow hedging instruments
5). Translation differences arising on translation of
foreign currency financial statements
6). Other
6. Total comprehensive income 282,505,586 972,286,898
7. Earnings per share:
(i) Basic earnings per share 0.41 1.42
(ii) Diluted earnings per share 0.41 1.42
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 2017 30 September 2016
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 3,748,429,160 3,719,438,063
Tax refund received 55,504,426 17,604,409
Other cash received related to operating activities 49,871,055 32,427,926
Subtotal of cash flows of operating activities 3,853,804,641 3,769,470,398
Cash paid for goods and services 1,022,363,394 830,439,785
Cash paid to and on behalf of employees 353,314,524 336,707,087
Cash paid for taxes and expenses 1,071,778,605 939,380,988
Other cash paid related to operating activities 599,720,288 671,876,784
Sub-total of cash outflows of operating activities 3,047,176,811 2,778,404,644
Net cash flow from operating activities 806,627,830 991,065,754
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 103,000,000 16,007,000
Cash received from obtaining investment profit 682,550 28,483
Net cash received from disposal of fixed assets, intangible
324,523 258,555
assets and other long-term assets
Net cash received from disposal of branch and other
business unit
20
2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other cash received related to investing activities
Subtotal of cash flows of investment activities 104,007,073 16,294,038
Cash paid to acquire fixed assets, intangible assets and
354,737,497 542,967,101
other long-term assets
Cash paid to buy fixed deposit with the term of over 3
201,000,000 12,021,025
months
Cash for investment
Net cash paid to acquire branch and other business unit 308,574,514 762,436
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 864,312,011 555,750,562
Net cash flow from investing activities -760,304,938 -539,456,524
3. Cash flow from financing activities
Cash received from acquiring investment 48,396,726
Including: cash received from acquiring minority shareholders
48,396,726
investment by subsidiary
Cash received from acquiring loans 789,967,950 876,125,040
Other cash received related to financing activities 1,303,473 178,584,375
Subtotal cash flows of financing activities 839,668,149 1,054,709,415
Cash paid to pay debts 591,490,823 818,659,951
Cash paid to distribute dividend, profit or pay interest 369,915,621 369,159,124
Including: dividend and profit paid to minority
shareholders by subsidiary
Other cash paid related to financing activities 20,000,000
Subtotal of cash outflows of financing activities 961,406,444 1,207,819,075
Net cash flow from financing activities -121,738,295 -153,109,660
4. Influences of exchange rate fluctuation on cash and cash
2,252,682 7,018,097
equivalents
5. Net Increase in cash and cash equivalents -73,162,721 305,517,667
Add: balance at the beginning of the period of cash and cash
1,256,942,304 1,092,241,661
equivalents
6.Balance at the end of the period of cash and cash equivalents 1,183,779,583 1,397,759,328
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 2017 30 September 2016
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 682,267,341 734,992,794
Tax refund received
Other cash received related to operating activities 282,251,646 558,955
Subtotal of cash flows of operating activities 964,518,987 735,551,749
Cash paid for goods and services 329,643,068 494,981,314
21
2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid to and on behalf of employees 77,242,480 117,230,247
Cash paid for taxes and expenses 176,498,230 110,070,539
Other cash paid related to operating activities 81,894,029 797,564,401
Sub-total of cash outflows of operating activities 665,277,807 1,519,846,501
Net cash flow from operating activities 299,241,180 -784,294,752
2. Cash flow from investing activities:
Cash received from return of investment
Withdraw of fixed deposit with the term of over 3 months 103,000,000 16,007,000
Cash received from obtaining investment profit 714,832,479 1,397,454,077
Cash received from interest income
Net cash received from disposal of fixed assets, intangible
317,078 256,440
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 818,149,557 1,413,717,517
Cash paid to acquire fixed assets, intangible assets and
5,101,890 23,384,289
other long-term assets
Cash for investment 349,440,824 10,613,970
Cash paid for buying fixed deposit with the term of over 3
105,000,000 12,021,025
months
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 459,542,714 46,019,284
Net cash flow from investing activities 358,606,843 1,367,698,233
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 600,000,000 500,000,000
Other cash received related to financing activities 135,484,375
Subtotal cash flows of financing activities 600,000,000 635,484,375
Cash paid to pay debts 530,339,600 749,640,092
Cash paid to distribute dividend, profit or pay interest 358,704,864 364,379,781
Including: dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 889,044,464 1,114,019,873
Net cash flow from financing activities -289,044,464 -478,535,498
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents 368,803,559 104,867,983
Add: balance at the beginning of the period of cash and cash
238,003,198 143,798,080
equivalents
22
2017 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6.Balance at the end of the period of cash and cash equivalents 606,806,757 248,666,063
2. Audit report
Whether the third quarter report has been audited.
□Yes √No
The third quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
26th October 2017
23
