YANTAI CHANGYU PIONEER WINE
COMPANY LIMITED
The 3rd Quarter Report of 2012
1. Important
The Board of Directors, board of Supervisors, directors, supervisors and 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 other facts the omission of which would make any statement herein misleading.
All directors personally attended the Board of Directors’ meeting to deliberate this report.
The chairman of the Board of Directors Mr. Sun Liqiang, the chief accountant Mr. Leng Bin
and the chief of accounting department Mr. Jiang Jianxun assure the truth and integrity of
the financial and accounting statement in this report.
2. THE BASIC INFORMATION OF THE COMPANY
2.1 Main accounting data and Financial index
Whether the financial statements of previous reporting periods has been retroactively adjusted or
not
( √ ) applicable ( ) not applicable
Unit: CNY
More or less for this period
Sep. 30, 2012 Dec.31, 2011
compared with last year(%)
Total assets 7,369,539,416.00 7,295,944,221.00 1.01%
Owner’s equity attributed to
shareholders of listing 5,374,934,143.00 5,013,641,661.00 7.21%
company
Share capital (share) 685,464,000.00 527,280,000.00 30.00%
Net asset per share
attributed to shareholders of 7.84 9.51 -17.53%
listing company
More or less More or less
July to Sep., compared with Jan. to Sep., compared with
2012 same period of last 2012 same period of last
year (%) year (%)
Total operation revenue 1,111,274,005.00 -16.05% 4,123,858,094.00 -6.57%
Net profit attributed to
shareholders of listing 241,614,605.00 -37.53% 1,162,758,082.00 -7.99%
company
Net cash flow from operating
-- -- 621,351,067.00 -47.69%
activities
1
Net cash flow per share from
-- -- 0.91 -59.56%
operating activities
Basic earnings per Share 0.35 -52.05% 1.70 -29.17%
Diluted earnings per Share 0.35 -52.05% 1.70 -29.17%
Weighted average rate of net
4.60% -4.67% 21.82% -9.03%
assets return
Weighted average rate of net
assets return after deducting 4.53% -4.64% 21.66% -9.04%
irregular profit and loss
Item for irregular profit and loss
(√ ) applicable
Unit: CNY
Item for irregular profit and loss Amount from Jan.1 Remark
till Sep.30,2012
Profit and loss on non-current assets disposing -1,822,242.00
Tax refund or exemption that is either non-recurring or
4,498,219.00
without proper approval
Government grant accounted in profit and loss this year
(except for those that closely related to the operation, 6,372,646.00
under national laws or in accordance with certain criteria)
Other non-operating income and expenses 1,644,847.00
Corporate income tax -2,112,668.00
Total 8,580,801.21 -
2.2 The total number of the shareholders and top 10 shareholders with unrestricted shares
at the end of the report period
Unit: share
Total number of shareholders Totally 37614 shareholders, including 29442
shareholders for A share, 8172 shareholders for B
share
The top 10 shareholders with unrestricted shares
Name of Shareholders Number of Type and number of
unrestricted shares shares
at end of report period Type Number
YANTAI CHANGYU GROUP CO.,LTD. 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 24,279,731 B share 24,279,731
HTHK/CMG FSGUFP-CMG FIRST STATE CHINA
23,365,418 B share 23,365,418
GROWTH FD
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 14,598,207 B share 14,598,207
GOVERNMENT OF SINGAPORE INV. CORP.- A/C
14,337,330 B share 14,337,330
"C"
BBH LUX-FIDELITY FUNDS-EMERGING MARKETS
5,261,692 B share 5,261,692
FUND
GSIC A/C MONETARY AUTHORITY OF SINGAPORE 4,997,042 B share 4,997,042
UBS (LUXEMBOURG) S.A. 4,903,235 B share 4,903,235
DACHENG FUND MANAGEMENT 2020 LIFECYCLE 4,585,222 A share 4,585,222
2
SECURITIES INVESTMENT FUNDS
HTHK-MANULIFE CHINA VALUE FUND 4,540,765 B share 4,540,765
Explanation for shareholders No
3. MAJOR ISSUES
3.1 The great change and reasons on main accounting data and
financial Index
(√ ) applicable
Compared with beginning of report period, the Company’s notes receivable increased by 105.24% mainly
due to the growth of bank acceptance received from clients, such as distributors. The accounts receivables
increased by 51.16% because of the rise of payment payable by clients. The advance payment increased
by 136.91% mainly due to the growth of advance payment for raw materials. The construction in progress
increased by 102.21% because of the growth of investment on construction in progress. The account
payable increased by 50.64% due to payment growth of raw materials including grapes. The payment
received in advance dropped by 34.68% because of the decrease of payment for product by the client. The
share capital increased by 30% due to the implementation of 2011 profit distribution plan of stock dividend
in the proportion of 3 shares per 10 shares.
From Jan. till Sep.2012, the financial net income decreased by 39.83% mainly due to reduction of bank
deposit and then related interest. The net cash flow from operating activity
dropped by 47.69% because of the decrease of cash received for sales & labor service and also increase of
cash paid for period expenses including all taxes and sales expenses.
During the report period, the operation revenue decreased by 16.05% due to media negative reports, and
the company therefore increased the promotion efforts which lead to 16.08% down for sales expenses, so
the net profit attributed to shareholder of parent company dropped by 37.53% due to two reasons
mentioned above.
3.2 Analysis and explanation on the situation, impact and solution of
major issues
3.2.1 non-standard comment
( √ ) not applicable
3.2.2 The information about the Company to offer capital to its controlling
shareholder or any related party, or provide any guarantee outside in violation of
regulations
( √ ) not applicable
3.2.3 The signing and fulfillment of major contracts for daily operations
( √ ) not applicable
3.2.4 Others
( √ ) not applicable
3.3 The execution of promised issues by the company, shareholders
and actual controller
( √ )applicable
Committed Commitment Committed Performance
Commitment item Committed time
party content period
Share reform — — — — —
commitment
Assets replacement — — — — —
commitments
Yantai Changyu
Non-horizontal It is always in strict
Issuance Commitments Group May 18, 1997 Forever
competition performance.
Co. Ltd.
3
The company will It is always in strict
Commitments to other strictly obey the Till all the performance.
Yantai Changyu
small and medium-sized regulations and restricted
Group March 23, 2009
shareholders of the reduce the shares is sold
Co. Ltd.
company released out
restricted shares
whether commitment is
√ yes
timely performed
Reason and future plan
for commitment —
uncompleted
Any commit for any
horizontal competition
√ non applicable
and related transaction
incurred
Solution period for —
commitment
Solution —
Performance about —
commitment
3.4 Estimation on business performance in 2012
Warning and explanation for the estimation on the possible loss of total net profit 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.
( √ ) not applicable
3.5 Other major issues
3.5.1 Securities investment
( √ ) not applicable
3.5.2 Investment on derivatives
( √ ) not applicable
3.5.3 Investment on derivatives at end of report period
( √ ) not applicable
3.5.4 The Company’s Receptions, Studies and Visits during report period
Reception date Reception place Reception way Visitor Main topic and
material
provided
August 16,2012 Meeting room of Field survey China International Recent business
the Company Fund Management circumstance and
other problem
August 22,2012 Meeting room of Field survey Zhonghai Fund Recent business
the Company circumstance and
other problem
August 28, 2012 Meeting room of Field survey Genertec Recent business
the Company Investment, Huatai circumstance and
Securities other problem
August 30, 2012 Meeting room of Field survey Guosen Securities, Recent business
the Company UBS Securities, circumstance and
4
Hongta Securities, other problem
Baishan
Investment, Central
Fund, China
Re-asset
Management
Sept. 7,2012 Meeting room of Field survey Qianyang Recent business
the Company Investment circumstance and
other problem
Sept.19, 2012 Meeting room of Field survey Bank of Norway, Recent business
the Company HFT Investment, circumstance and
OWL GREEK, Taiping other problem
Asset Management,
Shanghai Heng
Investment, Orient
Securities, SMC
China Fund
3.5.5 Issuance of corporate bonds
Whether any corporate bond is issued
( √ ) not applicable
4. APPENDIX
4.1 Financial statement
Whether it is necessary for consolidated financial statements:
( √ ) Yes
4.1.1、Consolidated Balance Sheet
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Item At 30 September 2012 At 31 December 2011
Current assets：
Monetary fund 1,853,385,412.00 2,532,967,197.00
Financial assets for trade
Notes receivable 115,486,469.00 56,268,482.00
Account receivable 191,826,356.00 126,906,526.00
Advance money 183,022,322.00 77,252,611.00
Interest receivalbe 15,946,892.00 15,763,431.00
Dividend receivable
Other account receivable 91,918,644.00 75,423,614.00
Inventories 1,852,555,141.00 1,755,964,582.00
Non-current assets due within one year
Other current assets
Total current assets 4,304,141,236.00 4,640,546,443.00
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 5,000,000.00 5,000,000.00
Real estate for investment
5
Fixed assets 1,603,950,261.00 1,609,111,868.00
Construction in progress 821,684,241.00 406,353,081.00
Project material
Liquidation of fixed assets
Biological assets for production 50,507,097.00 42,355,441.00
Oil and gas assets
Intangible assets 259,157,251.00 263,838,087.00
Development expenditure
Goodwill
Long-term deferred expenses 149,325,669.00 148,429,436.00
Assets of deferred income tax 171,404,972.00 175,528,938.00
Other non-current assets 4,368,689.00 4,780,927.00
Total non-current assets 3,065,398,180.00 2,655,397,778.00
Total assets 7,369,539,416.00 7,295,944,221.00
Current liabilities:
Short-term loan
Financial liabilities for trade
Notes payable
Accounts payable 346,349,354.00 229,920,729.00
Advance money 191,810,819.00 293,655,222.00
Wage payable 166,144,667.00 188,274,937.00
Tax payable 356,816,083.00 698,459,857.00
Interest payable
Dividend payable
Other accounts payable 679,664,492.00 536,059,000.00
Non-current liabilities due within one year 57,403,688.00 81,081,000.00
Other current liabilities 4,363,757.00 4,744,074.00
Total current liabilities 1,802,552,860.00 2,032,194,819.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term accounts payable
Special accounts payable
Estimated liabilities
Liabilities of deferred income tax 5,336,115.00 5,336,115.00
Other non-current liabilities 50,397,811.00 108,453,139.00
Total non-current liabilities 55,733,926.00 113,789,254.00
Total liabilities 1,858,286,786.00 2,145,984,073.00
Shareholder rights and interests：
Capital stock 685,464,000.00 527,280,000.00
Capital reserve 562,139,042.00 562,139,042.00
Less: treasury stock
Surplus reserve 295,942,630.00 295,942,630.00
Undistributed profit 3,831,388,471.00 3,628,279,989.00
6
Total shareholder rights and interests of parent
5,374,934,143.00 5,013,641,661.00
company
Minority shareholder rights and interests 136,318,487.00 136,318,487.00
Total shareholder rights and interests 5,511,252,630.00 5,149,960,148.00
Liabilites and total shareholders rights and
7,369,539,416.00 7,295,944,221.00
interests
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.2、Balance Sheet of Parent Company
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Item At 30 September 2012 At 31 December 2011
Current assets：
Monetary fund 855,095,320.00 1,568,184,564.00
Financial assets for trade
Notes receivable 7,400,000.00 25,779,768.00
Account receivable 60,407,114.00 20,977,065.00
Advance money 155,711,866.00 45,090,601.00
Interest receivalbe 15,946,892.00 15,763,431.00
Dividend receivable 254,845,772.00 1,866,646,179.00
Other account receivable 2,083,731,618.00 1,685,950,766.00
Inventories 735,900,310.00 579,452,383.00
Non-current assets due within one year
Other current assets
Total current assets 4,169,038,892.00 5,807,844,757.00
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 1,038,649,363.00 598,299,363.00
Real estate for investment
Fixed assets 359,401,943.00 365,152,521.00
Construction in progress 19,298,958.00 42,040,898.00
Project material
Liquidation of fixed assets
Biological assets for production 13,832,250.00 9,683,931.00
Oil and gas assets
Intangible assets 76,362,091.00 89,684,756.00
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 19,454,792.00 31,337,829.00
Other non-current assets 3,523,966.00 3,854,796.00
Total non-current assets 1,530,523,363.00 1,140,054,094.00
Total assets 5,699,562,255.00 6,947,898,851.00
7
Current liabilities:
Short-term loan
Financial liabilities for trade
Notes payable
Accounts payable 180,075,466.00 134,893,846.00
Advance money
Wage payable 52,413,795.00 97,418,899.00
Tax payable 21,802,114.00 115,489,659.00
Interest payable
Dividend payable
Other accounts payable 1,235,219,602.00 1,918,592,985.00
Non-current liabilities due within one year
Other current liabilities 786,600.00 828,000.00
Total current liabilities 1,490,297,577.00 2,267,223,389.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term accounts payable
Special accounts payable
Estimated liabilities
Liabilities of deferred income tax
Other non-current liabilities 13,359,100.00 13,918,000.00
Total non-current liabilities 13,359,100.00 13,918,000.00
Total liabilities 1,503,656,677.00 2,281,141,389.00
Shareholder rights and interests：
Capital stock 685,464,000.00 527,280,000.00
Capital reserve 557,222,454.00 557,222,454.00
Less: treasury stock
Surplus reserve 295,942,630.00 295,942,630.00
Undistributed profit 2,657,276,494.00 3,286,312,378.00
Total shareholder rights and interests 4,195,905,578.00 4,666,757,462.00
Liabilites and total shareholders rights and
5,699,562,255.00 6,947,898,851.00
interests
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.3、Consolidated Profit Statement for the report period
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Item In the report period 2012 In the report period 2011
Total business income 1,111,274,005.00 1,323,654,951.00
Business income 1,111,274,005.00 1,323,654,951.00
Total business cost 1,905,229,273.93 2,128,159,078.43
Business cost 276,233,799.00 338,905,314.00
Business tax and associate charges 68,962,518.00 92,179,444.00
Sales expenses 412,650,736.00 355,503,448.00
8
Management expenses 38,820,937.00 27,672,927.00
Financial expenses -2,712,721.00 -9,757,005.00
Assets depreciation loss
Operating profit 317,318,736.00 519,150,823.00
Add: Non-operating income 4,692,830.00 6,374,452.00
Less: non-operating expenditures 500,012.00 510,121.00
Including: non-current assets disposing loss
Total profit 321,511,554.00 525,015,154.00
Less: income tax expenses 79,896,949.00 135,767,854.00
Net profit 241,614,605.00 389,247,300.00
Net profit of parent company's owners 241,614,605.00 386,784,180.00
Minority shareholder profit and loss 2,463,121.00
EPS -- --
Basic EPS 0.35 0.73
Diluted EPS 0.35 0.73
Other Comprehensive Income 3,136,318.00
Total Comprehensive Income 241,614,605.00 392,383,618.00
Comprehensive Income of parent company 241,614,605.00 389,920,497.00
Comprehensive Income of minority shareholders 2,463,121.00
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.4、Profit Statement of Parent Company for the report period
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Item In the report period 2012 In the report period 2011
Business income 459,716,272.00 482,852,156.00
Less: Business cost 368,745,000.00 359,214,065.00
Business tax and associate charges 41,883,964.00 50,117,124.00
Sales expenses
Management expenses 23,869,940.00 26,681,117.00
Financial expenses -2,378,704.00 -8,256,523.00
Assets depreciation loss
Add: fair value charge profit (loss is listed with
"-")
Investment profit ((loss is listed with "-") 280,249,888.00 294,848,566.00
Including: investment profit for joint-run
business and joint venture
Operating profit 307,845,960.00 349,944,939.00
Add: Non-operating income 501,270.00 143,213.00
Less: non-operating expenditures 299,635.00 132,019.00
Including: non-current assets disposing loss
Total profit 308,047,595.00 349,956,133.00
Less: income tax expenses 6,953,523.00 14,733,986.00
Net profit 301,094,072.00 335,222,147.00
EPS -- --
9
Basic EPS 0.44 0.64
Diluted EPS 0.44 0.64
Other Comprehensive Income 0.00
Total Comprehensive Income 301,094,072.00 335,222,147.00
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.5、Consolidated Profit Statement from the beginning of the year to the end of the report
period
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Item Nine months ended 30 Sep 2012 Nine months ended 30 Sep 2011
Total business income 4,123,858,094.00 4,413,676,519.00
Business income 4,123,858,094.00 4,413,676,519.00
Total business cost 2,585,751,043.00 2,735,136,722.00
Business cost 1,004,067,272.00 1,088,142,943.00
Business tax and associate charges 218,986,378.00 267,882,176.00
Sales expenses 1,233,795,194.00 1,225,397,814.00
Management expenses 148,161,243.00 185,158,094.00
Financial expenses -18,919,402.00 -31,444,305.00
Assets depreciation loss -339,642.00
Add: fair value charge profit (loss is listed with
"-")
Investment profit ((loss is listed with "-") 0.00 52,122.00
Including: investment profit for joint-run
business and joint venture
Operating profit 1,538,107,050.00 1,678,591,919.00
Add: Non-operating income 13,526,392.00 10,436,628.00
Less: non-operating expenditures 2,832,923.00 1,498,452.00
Including: non-current assets disposing loss
Total profit 1,548,800,519.00 1,687,530,095.00
Less: income tax expenses 386,042,437.00 422,088,477.00
Net profit 1,162,758,082.00 1,265,441,618.00
Net profit of parent company's owners 1,162,758,082.00 1,263,739,296.00
Minority shareholder profit and loss 1,702,321.00
EPS -- --
Basic EPS 1.7 2.4
Diluted EPS 1.7 2.4
Other Comprehensive Income 0.00 3,155,997.00
Total Comprehensive Income 1,162,758,082.00 1,268,597,615.00
Comprehensive Income of parent company 1,162,758,082.00 1,266,895,293.00
Comprehensive Income of minority shareholders 1,702,322.00
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.6、Profit Statement of Parent Company from the beginning of the year to the end of the
report period
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
10
Item Nine months ended 30 Sep 2012 Nine months ended 30 Sep 2011
Business income 1,231,574,682.00 1,363,972,382.00
Less: Business cost 999,715,052.00 1,040,634,234.00
Business tax and associate charges 113,389,718.00 149,277,921.00
Sales expenses
Management expenses 89,302,037.00 93,250,378.00
Financial expenses -19,771,946.00 -32,003,650.00
Assets depreciation loss -339,642.00
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
Operating profit 341,529,350.00 1,131,036,749.00
Add: Non-operating income 1,486,820.00 1,717,494.00
Less: non-operating expenditures 2,374,970.00 377,941.00
Including: non-current assets disposing loss
Total profit 340,641,200.00 1,132,376,302.00
Less: income tax expenses 10,027,484.00 28,954,484.00
Net profit 330,613,716.00 1,103,421,818.00
EPS -- --
Basic EPS 0.48 2.09
Diluted EPS 0.48 2.09
Other Comprehensive Income
Total Comprehensive Income 330,613,716.00 1,103,421,818.00
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.7、Consolidated Cash Flow Statement from the beginning of the year to the end of the
report period
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Nine months ended 30 Nine months ended 30
Item
Sep 2012 Sep 2011
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 4,612,636,039.00 4,920,595,256.00
Tax refund received 45,180,110.00 41,557,598.00
Other cash received related to operating activities 156,173,256.00 133,851,070.00
Subtotal of cash flows of operating activities 4,813,989,405.00 5,096,003,924.00
Cash paid for goods and services 1,315,184,362.00 1,314,943,260.00
Cash paid to and on behalf of employees 316,408,591.00 273,280,810.00
Cash paid for taxes and expenses 1,630,673,705.00 1,490,785,472.00
Other cash paid related to operating activities 930,371,680.00 829,089,136.00
Sub-total of cash outflows of operating activities 4,192,638,338.00 3,908,098,678.00
Net cash flow from operating activities 621,351,067.00 1,187,905,246.00
2. Cash flow from investing activities:
Cash received from return of investment
Cash received from obtaining investment profit 52,122.00
11
Net cash received from disposal of fixed assets, intangible assets
175,146.00 519,564.00
and other long-term assets
Net cash received from disposal of branch and other business
unit
Other cash received related to investing activities 628,613,811.00 243,487,869.00
Subtotal of cash flows of investment activities 628,788,957.00 244,059,555.00
Cash paid to acquire fixed assets, intangible assets and other
516,976,433.00 471,230,763.00
long-term assets
Subtotal of cash outflows of investment activities 516,976,433.00 471,230,763.00
Net cash flow from investing activites 111,812,524.00 -227,171,208.00
3.Cash flow from financing activites
Cash received from acquiring investment 14,288,361.00
Including: cash received from acquiring minority shareholders
investment by branch
Cash received from acquiring loans
Other cash received related to finaning activities
Subtotal cash flows of financing activities 0.00 14,288,361.00
Cash paid to pay debts
Cash paid to distribute dividend, profit or pay interest 801,465,600.00 738,192,000.00
Including: dividend and profit paid to minority shareholders by
branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 801,465,600.00 738,192,000.00
Net cash flow from financing activites -801,465,600.00 -723,903,639.00
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents -68,302,009.00 236,830,399.00
Add: balance at the beginning of the period of cash and cash
1,256,517,873.00 998,934,825.00
equivalents
6.Balance at the end of the period of cash and cash
1,188,215,864.00 1,235,765,224.00
equivalents
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.1.8、Cash Flow Statement of Parent Company from the beginning of the year to the end of
the report period
Yantai Changyu Poineer Wine Co., Ltd.
Unit：Yuan
Nine months ended 30 Sep Nine months ended 30
Item
2012 Sep 2011
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 1,320,094,653.00 1,537,935,335.00
Tax refund received 17,273,468.00 21,324,431.00
Other cash received related to operating activities 366,305,302.00 115,430,574.00
Subtotal of cash flows of operating activities 1,703,673,423.00 1,674,690,340.00
Cash paid for goods and services 1,122,843,024.00 1,092,998,349.00
Cash paid to and on behalf of employees 116,826,101.00 153,344,175.00
Cash paid for taxes and expenses 345,514,705.00 327,912,380.00
Other cash paid related to operating activities 1,462,655,140.00 229,601,960.00
Sub-total of cash outflows of operating activities 3,047,838,970.00 1,803,856,864.00
12
Net cash flow from operating activities -1,344,165,547.00 -129,166,524.00
2. Cash flow from investing activities:
Cash received from return of investment
Cash received from obtaining investment profit 1,908,074,482.00 988,297,873.00
Net cash received from disposal of fixed assets, intangible
78,926.00 519,204.00
assets and other long-term assets
Net cash received from disposal of branch and other
business unit
Other cash received related to investing activities 624,589,624.00 243,487,869.00
Subtotal of cash flows of investment activities 2,532,743,032.00 1,232,304,946.00
Cash paid to acquire fixed assets, intangible assets and other
53,921,352.00 172,055,526.00
long-term assets
Cash for investment 440,000,000.00 200,258,004.00
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 493,921,352.00 372,313,530.00
Net cash flow from investing activites 2,038,821,680.00 859,991,416.00
3.Cash flow from financing activites
Cash received from acquiring investment
Cash received from acquiring loans 80,162,653.00
Other cash received related to finaning activities
Subtotal cash flows of financing activities 0.00 80,162,653.00
Cash paid to pay debts 106,500,000.00
Cash paid to distribute dividend, profit or pay interest 801,465,600.00 738,192,000.00
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 801,465,600.00 844,692,000.00
Net cash flow from financing activites -801,465,600.00 -764,529,347.00
4. Influences of exchange rate fluctuation on cash and
cash equivalents
5. Net Increase in cash and cash equivalents -106,809,467.00 -33,704,455.00
Add: balance at the beginning of the period of cash and
296,735,240.00 407,619,205.00
cash equivalents
6.Balance at the end of the period of cash and cash
189,925,773.00 373,914,750.00
equivalents
Legal representative: Sun Liqiang Person in charge of accounting :Leng Bin
Person in charge of accounting organ: Jiang Jianxun
4.2 Audit Report
Audit Advice Unaudited.
Yantai Changyu Wine Poineer Co., Ltd.
Board of Director
October 26th , 2012
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