2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
Shares Code: 000869. 200869 Shares Abbreviation: Changyu A、Changyu B Notice No.: 2018-Final02
Yantai Changyu Pioneer Wine Co. Ltd.
2018 the First Quarter Report
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. Zhou Hongjiang (Chairman of the Company), Mr. Jiang Jianxun (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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2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
II、Corporate Information
1. Key accounting data and financial indicators
Whether the Company makes retroactive adjustments or restates the accounting data of previous
fiscal years.
□ Yes V No
The same period of More or less than last
Item The report period
last year year (%)
Business income (CNY) 1,804,057,976.00 1,896,586,469.00 -4.88%
Net profit attributed to the
shareholders of the listed 479,444,238.00 516,634,494.00 -7.20%
company (CNY)
Net profit attributed to the
shareholders of the listed
466,181,564.00 512,684,945.00 -9.07%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
507,263,964.00 384,358,508.00 31.98%
operating activities (CNY)
Basic earnings per share
0.70 0.75 -6.67%
(CNY)
Diluted earnings per share
0.70 0.75 -6.67%
(CNY)
Weighted average for earning
5.24% 6.10% -0.86%
rate of the net assets
The end of the More or less than last
The end of last year
report period year (%)
Total assets (CNY) 13,134,043,590.00 12,536,755,208.00 4.76%
Net Assets attributed to the
shareholders of the listed 9,380,239,163.00 8,906,342,299.00 5.32%
company (CNY)
Details of irregular profit and loss
V Yes □ No
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets, including
84,719.00
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, 16,861,473.00
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 525,389.00
Less: Income tax effect 4,252,831.00
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2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
Minority interests effect(after-tax) -43,924.00
Total 13,262,674.00 --
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 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.
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
44,606 Total number of 0
Total number of common preferred
shareholders at the end of report shareholders with recov
period ered 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 Amo
shares status unt
Domestic non- 50.40% 345,473,856
YANTAI CHANGYU GROUP
state-owned 0 -- 0
COMPANY LIMITED
legal person
Foreign legal 3.08% 21,090,219
GAOLING FUND,L.P. 0 -- 0
person
CHINA SECURITIES FINANCE State-owned 2.28% 15,638,655
0 -- 0
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 1.00% 6,828,497
SECURITIES(HONGKONG) person 0 -- 0
LIMITED
SHENWAN HONGYUAN Foreign legal 0.96% 6,554,654
SECURITIES(HONGKONG) person 0 -- 0
LIMITED
FIDELITY PURITAN TRUST: Foreign legal 0.89% 6,100,762
FIDELITY SERIES INTRINSIC person 0 -- 0
OPPORTUNITIES FUND
UNION LIFE INSURANCE CO., Domestic non- 0.79% 5,446,039
LTD --- DIVIDEND --- state-owned 0 -- 0
PERSONAL INSURANCE legal person
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2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
DIVIDEND
CENTRAL HUIJIN ASSET State-owned 0.69% 4,761,200
0 -- 0
MANAGEMENT LTD. legal person
VANGUARD EMERGING Foreign legal 0.55% 3,788,487
MARKETS STOCK INDEX person 0 -- 0
FUND
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
shares held share
YANTAI CHANGYU GROUP COMPANY LIMITED 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 21,090,219 B share 21,090,219
CHINA SECURITIES FINANCE CORP 15,638,655 A share 15,638,655
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
GUOTAI JUNAN SECURITIES(HONGKONG) B share
6,828,497 6,828,497
LIMITED
SHENWAN HONGYUAN SECURITIES(HONGKONG) B share
6,554,654 6,554,654
LIMITED
FIDELITY PURITAN TRUST: FIDELITY SERIES B share
6,100,762 6,100,762
INTRINSIC OPPORTUNITIES FUND
UNION LIFE INSURANCE CO., LTD --- DIVIDEND -- A share
5,446,039 5,446,039
-PERSONAL INSURANCE DIVIDEND
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
VANGUARD EMERGING MARKETS STOCK B share
3,788,487 3,788,487
INDEX FUND
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
of the top 10 shareholders
relationship among the other shareholders is unknown.
Explanation for the top 10
common shareholders who
No
involved in 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 V Not available
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2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. Great changes and reasons on main accountant data and financial index
√Available □Not available
Compared the end of the report period with the beginning of the report period: notes receivable
increases by 109.5%, mainly due to the growth on bank acceptances; advance payment increases by
93.91%, mainly due to the growth of advances payment for raw material procurement; interest
receivable increases by 294.4%, mainly due to the growth of bank term deposits; constructions in
progress increases by 12.41%, mainly due to the increase in cumulative investment in technological
transformation projects; goodwill increases by 28.02%, mainly due to the Company’s acquisition of
goodwill generated by Kilikanoon Estate Pty Ltd in Australia; deposits received increases by
35.28%, mainly due to growth of advances from customers; non-current liabilities due within one
year increased by 20.11%, mainly due to the transfer of long-term accounts payable.
Compared the same period with last year: operating revenue decreases by 4.88%, although cash
received related to sell products and supply labor service in the report period increases by 6.84%, it
is affected by those factors including the adjustment of Company’s marketing system, payment and
settlement methods of partial marketing expenses, commissioning of new product lines being not
completed, as well as product optimization. Meanwhile the Company takes actions in improving
purchase mode of partial products, strengthening order drive and small order for distributors etc.
that makes slight reduction in sales revenue confirmed by accounting standard; sales expense
decreases by 4.17%, mainly owing to decrease in advertising expense; administrative expense
increases by 19.8% mainly owing to increase in depreciation and intangible assets amortization;
financial expense decreases by 19.17% mainly owing that, with the use of partial bank loan into
investment project construction, corresponding loan interest is included into the cost of fixed assets;
net profit attributable to parent company decreases by 7.2% mainly owing to decrease in income;
Other cash paid related to operating activities increases by 27.27% mainly owing to payment of
marketing expense exemplified as advertising expense.
The judgment of Company is that with the reformation of organizational structure, marketing
policies and marketing system are gradually adjusted into position; the construction of marketing
team and incentive measures are further perfected; product structure is constantly optimized; new
product lines are ready to complete commissioning, the Company will enter new step of steady
development in the future and promote the growth of operating performance.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available V Not available
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2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
3. The commitments that the Company’s actual controllers, shareholders, related parties,
purchasers, the Company and other related parties do not implement completely
exceeding the time limit within report period
√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 Solve
Changyu horizontal
Non-horizontal Has been
Group Co., competition 1997.05.18 Permanent
competition performing
Ltd
Clear the According to
purpose of "Trademark
brand royalty License
Contract", the
Company will
pay trademark
Commitments at
royalty for the
the initial public
"Changyu"produ
offering or Yantai
cts of Yantai
refinancing Changyu
Changyu Group Has been
Group Co., 1997.05.18 Permanent
Co., Ltd every performing
Ltd
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
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2018 the First Quarter Report Main Body of Yantai Changyu Pioneer Wine Co. Ltd.
Commitment
under timely
Yes
implementation
or not
For commitments that exceed the time limit and are not completed, specific reasons of not No
completing the implementation and the next step
4. Forecast on the operating performance in the period from January to June of 2018
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 situation of derivative investment
□Available V Not available
There is no derivative investment during the report period.
7. The activities registration form of receptions, communication and interview etc. during the
report period
□Available V Not available
There are no activities of receptions, communication and interview etc. during the report period.
8. The situation of illegal external guarantee
□Available V 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
□Available V Not available
There is no non-operating fund occupation of controlling shareholders and related parties during the
report period.
Yantai Changyu Pioneer Wine Co., Ltd.
Board of Directors
27th April 2018
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