2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2013 the Third Quarter Report
2013-Ding04
OCT 2013
1
2013 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
management of the Company confirm that to the best of their knowledge and belief there are
no unfaithful facts, significant omissions or misleading statements in this quarterly report,
and collectively and individually accept full legal responsibility.
All the directors have personally attended the Board of Directors’ meeting for this quarterly
report.
Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr.
Jiang Jianxun (Financial Manager) assure the truthfulness, accuracy and completeness of the
financial report in the quarterly report.
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key accounting data and financial indicators
Whether the Company makes retroactive adjustments or restates the accounting data of previous
fiscal years because of changes of accounting policy and/or accounting errors.
□Yes V No
More or less than
At the end of the report period At the end of last year
the end of last year
Total assets (CNY) 7,938,843,753.00 8,123,134,580.00 -2.27%
Net Assets attributed to the
shareholders of the listed company 6,027,879,703.00 5,913,104,178.00 1.94%
(CNY)
More or less than the
More or less than The beginning of the same period from the
In the report period the same period of last year to the end of the beginning of the year
year(%) report period to the end of the report
period(%)
Business revenue (CNY) 809,128,064.00 -27.19% 3,348,506,298.00 -18.8%
Net profit attributed to the
shareholders of the listed company 128,211,704.00 -46.94% 868,785,925.00 -25.28%
(CNY)
Net profit attributed to the
shareholders of the listed company
125,190,182.00 -47.43% 861,904,605.00 -25.32%
after deducting the irregular profit
and loss (CNY)
Net cash flows from the operating
-- -- 657,198,343.00 5.77%
activities (CNY)
Basic earnings (CNY) per share 0.19 -45.71% 1.27 -25.29%
Diluted earnings (CNY) per share 0.19 -45.71% 1.27 -25.29%
Weighted average return on net
2.02% -2.58% 13.73% -8.09%
assets(%)
Details of irregular profit and loss
V Yes □ No
3
2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Unit: CNY
Amount from the beginning
Item of the year to the end of Explanation
report period
Gain on disposal of non-current assets, including the reversal of
-389,419.00 -1,822,242
accrued impairment provision
Tax refund or exemption that is either non-recurring or without
0.00 4,498,219
proper approval
Government grants credited in profit and loss (except for those
recurring government grants that are closely related to the entity's
7,404,700.00 6,372,646
operation, in line with related regulations and have proper basis of
calculation)
Other non-operating expense and income 1,309,455.00 1,644,847
Less: Income tax effect 1,443,416.00 2,112,668
Total 6,881,320.00 --
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
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2.The total number of the shareholders and top 10 shareholders with unrestricted shares at
the end of the report period
Unit: share
49,422 shareholders, including 36,482 shareholders with A shares, 12,940
Total number of shareholders
shareholders with B shares
The top 10 shareholders with unrestricted shares
Number of Pledged or frozen
Character of
Name of Shareholders Percentage(%) Shares held restricted Share status Amount
shareholders
shares
Domestic
YANTAI CHANGYU
non-state-owne 50.4% 345,473,856 0 ? ?
GROUP CO. LTD
d legal person
Foreign
GAOLING FUND,L.P. 3.53% 24,176,997 0 ? ?
shareholder
GOVERNMENT OF
Foreign
SINGAPORE INV. 2.71% 18,569,016 0 ? ?
shareholder
CORP.- A/C "C"
BBH BOS S/A
Foreign
FIDELITY FD - CHINA 2.35% 16,106,326 0 ? ?
shareholder
FOCUS FD
HTHK/CMG
FSGUFP-CMG FIRST Foreign
1.84% 12,599,929 0 ? ?
STATE CHINA shareholder
GROWTH FD
GSIC A/C MONETARY
Foreign
AUTHORITY OF 0.87% 5,957,159 0 ? ?
shareholder
SINGAPORE
HTHK-MANULIFE Foreign
0.77% 5,272,277 0 ? ?
CHINA VALUE FUND shareholder
BBH A/C VANGUARD
Foreign
EMERGING MARKETS 0.72% 4,934,566 0 ? ?
shareholder
STOCK INDEX FUND
UBS CUSTODY
Foreign
SERVICES SINGAPORE 0.65% 4,431,632 0 ? ?
shareholder
PTE. LTD.
UBS (LUXEMBOURG) Foreign
0.57% 3,923,180 0 ? ?
S.A. shareholder
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
The top 10 shareholders with unrestricted shares
Name of Shareholders Number of unrestricted shares held Type of share
Type of share Amount
YANTAI CHANGYU GROUP CO. LTD 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 24,176,997 B share 24,176,997
GOVERNMENT OF SINGAPORE INV. B share
18,569,016 18,569,016
CORP.- A/C "C"
BBH BOS S/A FIDELITY FD - CHINA B share
16,106,326 16,106,326
FOCUS FD
HTHK/CMG FSGUFP-CMG FIRST B share
12,599,929 12,599,929
STATE CHINA GROWTH FD
GSIC A/C MONETARY AUTHORITY B share
5,957,159 5,957,159
OF SINGAPORE
HTHK-MANULIFE CHINA VALUE B share
5,272,277 5,272,277
FUND
BBH A/C VANGUARD EMERGING B share
4,934,566 4,934,566
MARKETS STOCK INDEX FUND
UBS CUSTODY SERVICES B share
4,431,632 4,431,632
SINGAPORE PTE. LTD.
UBS (LUXEMBOURG) S.A. 3,923,180 B share 3,923,180
The explanation for the associated Among the top 10 shareholders, Yantai Changyu Group Company Limited has no
relationship and accordant action of the associated relationship or accordant action relationship with the other 9 listed
top 10 shareholders shareholders, and the relationship among the other shareholders is unknown.
Explanation for the shareholders who
involved in financing activities and stock No
trading business(if yes)
Whether or not to be agreed to buy back trading by Company shareholders during the report period
□ Yes √ No
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. The great changes and reasons on main accountant data and financial index during the
report period
Compared the end of the report period with the beginning of the year, interest receivable of the
Company is increased by 50.88%, main reason for changes is due to increasing deposit interest
receivable; construction in process is increased by 49.94%, it is mainly because of increasing
project investment during the report period; productive biological asset is increased by 111.95%,
main reason for the change is due to expending the scale of proprietary vineyard; advance receipt is
decreased by 50.15%，it is mainly because of decreasing advance loan from customers.
From January to September 2013, cash received relating to other operating activities for the
Company is increased 72.20% compared with the same period of last year, it is mainly because of
receiving more government subsidies; cash paid for goods purchased and labor services received is
decreased 33.48% compared with with the same period of last year, main reason for the change is
due to decreasing raw materials procurement cost; cash payment relating to other operating
activities is decreased by 33.06%, it is mainly because of decreasing marketing cost.
From July to September 2013, Company is affected by the national related policy, sales volume of
high-end wine from the Company’s chateaus has been greatly declined, which caused the operating
revenue decreased by 27.19% comparing with the same period of last year; therefore, the Company
has reinforced cost control, which caused selling expenses decreased by 30.81% compared with the
same period of last year, net profit attributed to the parent company’s shareholders decreased by
46.94%.
2. The commitments of the Company or shareholders of the Company holding more than 5%
in the report period or until the report period
Commitment Commitment Commitment Commitment
Commitments Implementation
party content time period
has been
Commitments at share reform - 2006.03.11 3 years
fulfilled
Commitments made in acquisition report
-
or equity changes report
Commitments at asset restructuring -
Commitments at the initial public offering
or refinancing Yantai Changyu According to 1997.05.18 Forever In-process
Group Co., Ltd "Trademark performed
License Contract",
the Company will 7
2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
pay trademark
royalty for the
"Changyu"product
s of Yantai
Changyu Group
Co., Ltd every
year, Yantai
Changyu Group
Co., Ltd will use
trademark to
advertise Changyu
trademarks and the
Contract products.
Yantai Changyu Intra-industry Has been
1997.05.18 Forever
Group Co, Ltd competition performed
Commitments made to the minority
-
shareholders of the Company
Commitment under timely implementation
Yes
or not
Specific reasons of not completing the
No
implementation and the next step
3. Operating performance’s forecast in 2013
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.
□ Yes V No
4. The Company’ s Receptions, Studies and Visits during report period
Reception date Reception place Reception way Type of Visitor Reception date
Visitor
Guangzhou Changjin
Investment Management
Co., LTD. Zheng Youfeng,
JingLin Asset Management
current business operation
2013.09.17 Institution Co., LTD. Gao Xiang,
Meeting room of Field survey situation and other issues
Everbright Pramerica Fund
the Company
Management Co., Ltd.Shi
Xingtao, Anbang Asset
Management Co., LTD Li
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Linwei
Ⅳ Financial Statements
1.、Financial statements
1)、Consolidated balance sheet
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Item At 30 September 2013 At 31 December 2012
Current assets：
Monetary fund 1,791,798,246 2,227,470,828
Financial assets for trade
Notes receivable 84,237,982 92,635,701
Account receivable 131,709,140 135,217,384
Advance money 55,516,784 44,294,482
Interest receivable 10,887,535 7,215,854
Dividend receivable
Other account receivable 34,190,814 28,462,945
Inventories 2,041,571,067 2,268,621,441
Non-current assets due within one year
Other current assets
Total current assets 4,149,911,568 4,803,918,635
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 5,000,000 5,000,000
Real estate for investment
fixed assets 1,846,113,389 1,823,983,721
Construction in progress 1,248,778,040 832,828,689
Project material
Liquidation of fixed assets
Biological assets for production 84,106,300 39,681,580
Oil and gas assets
Intangible assets 289,643,372 278,293,922
Development expenditure
Goodwill
Long-term deferred expenses 158,897,803 160,871,860
Assets of deferred income tax 128,524,559 150,376,138
Other non-current assets 27,868,722 28,180,035
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total non-current assets 3,788,932,185 3,319,215,945
Total assets 7,938,843,753 8,123,134,580
Current liabilities:
Short-term loan 243,170,674
Financial liabilities for trade
Notes payable
Accounts payable 365,323,117 324,881,168
Advance money 224,429,315 450,172,253
Wage payable 100,225,359 140,484,927
Tax payable 120,995,452 444,084,576
Interest payable 1,081,585
Dividend payable
Other accounts payable 495,753,193 470,650,111
Non-current liabilities due within one year
97,014,768 150,945,000
Other current liabilities 12,359,580 8,090,382
Total current liabilities 1,660,353,043 1,989,308,417
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 5,336,115
Other non-current liabilities 82,534,113 69,004,861
Total non-current liabilities 87,870,228 74,340,976
Total liabilities 1,748,223,271 2,063,649,393
Shareholder rights and interests：
Capital stock 685,464,000 685,464,000
Capital reserve 562,139,042 562,139,042
Less: treasury stock
Surplus reserve 342,732,000 342,732,000
Undistributed profit 4,437,544,661 4,322,769,136
Total shareholder rights and interests of parent
company 6,027,879,703 5,913,104,178
Minority shareholder rights and interests
162,740,779 146,381,009
Total shareholder rights and interests 6,190,620,482 6,059,485,187
Liabilities and total shareholders rights and interests
7,938,843,753 8,123,134,580
Legal representative：Sun Liqiang Person in charge of accounting: Leng Bin
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Person in charge of accounting organ: Jiang Jianxun
2)、Balance sheet of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Item At 30 September 2013 At 31 December 2012
Current assets：
Monetary fund 1,167,977,411 1,090,260,851
Financial assets for trade
Notes receivable 40,343,242 1,450,000
Account receivable 2,201,464 710,080
Advance money 30,706,628 26,131,908
Interest receivable 10,889,933 7,215,854
Dividend receivable 394,533,237 993,614,383
Other account receivable 2,429,708,265 2,194,219,753
Inventories 883,420,915 893,442,758
Non-current assets due within one year
Other current assets
Total current assets 4,959,781,095 5,207,045,587
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 1,010,192,893 1,006,492,893
Real estate for investment
fixed assets 362,214,947 354,789,743
Construction in progress 22,678,880 24,640,660
Project material
Liquidation of fixed assets
Biological assets for production 55,470,520 16,866,437
Oil and gas assets
Intangible assets 80,375,579 81,512,908
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 13,791,255 19,517,202
Other non-current assets 2,265,198 2,502,630
Total non-current assets 1,546,989,272 1,506,322,473
Total assets 6,506,770,367 6,713,368,060
Current liabilities:
Short-term loan 243,170,674
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Financial liabilities for trade
Notes payable
Accounts payable 227,623,688 164,815,117
Advance money
Wage payable 63,990,972 80,144,533
Tax payable -17,416,427 17,995,089
Interest payable 1,081,585
dividend payable
Other accounts payable 1,554,113,067 1,432,464,297
Non-current liabilities due within one year
Other current liabilities 1,807,214 1,856,337
Total current liabilities 2,074,370,773 1,697,275,373
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 18,643,180 19,905,019
Total non-current liabilities 18,643,180 19,905,019
Total liabilities 2,093,013,953 1,717,180,392
Shareholder rights and interests：
Capital stock 685,464,000 685,464,000
Capital reserve 557,222,454 557,222,454
Less: treasury stock
Surplus reserve 342,732,000 342,732,000
Undistributed profit 2,828,337,960 3,410,769,214
Minority shareholder rights and interests
Total shareholder rights and interests 4,413,756,414 4,996,187,668
Liabilities and total shareholders rights and interests
6,506,770,367 6,713,368,060
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3)、Consolidated profit statement during the report period
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 30 Sep Three months ended 30 Sep
Item
2013 2012
1. Business income 809,128,064.00 1,111,274,005.00
Business income 809,128,064.00 1,111,274,005.00
2.Business cost 642,214,194.00 793,955,269.00
Business cost 265,940,847.00 276,233,799.00
Business tax and associate charges 49,909,259.00 68,962,518.00
Sales expenses 285,508,961.00 412,650,736.00
Management expenses 43,843,045.00 38,820,937.00
Financial expenses -2,987,918.00 -2,712,721.00
Assets depreciation loss 0.00 0.00
Including: investment profit for joint-run business and
2,201,078,766.00 0.00
joint venture
3. Operating profit 166,913,870.00 317,318,736.00
Add: Non-operating income 3,822,737.00 4,692,830.00
Less: non-operating expenditures 34,077.00 500,012.00
4. Total profit 170,702,530.00 321,511,554.00
Less: income tax expenses 42,490,826.00 79,896,949.00
5. Net profit 128,211,704.00 241,614,605.00
Net profit of parent company's owners 128,211,704.00 241,614,605.00
Minority shareholder profit and loss 0.00 0.00
6. EPS -- --
Basic EPS 0.19 0.35
Diluted EPS 0.19 0.35
8. Comprehensive Income 128,211,704.00 241,614,605.00
Comprehensive Income of parent company 128,211,704.00 241,614,605.00
Comprehensive Income of minority shareholders 0.00 0.00
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4)、Profit statement of parent company during the report period
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 30 Sep Three months ended 30 Sep
Item
2013 2012
1. Business income 284,834,446.00 459,716,272.00
Less: Business cost 234,730,834.00 368,745,000.00
Business tax and associate charges 25,459,913.00 41,883,964.00
Sales expenses 0.00 0.00
Management expenses 28,839,226.00 23,869,940.00
Financial expenses -5,164,576.00 -2,378,704.00
Assets depreciation loss 0.00 0.00
Add: fair value charge profit (loss is listed with
0.00
"-")
Investment profit ((loss is listed with "-") 141,356,045.00 280,249,888.00
Including: investment profit for joint-run
0.00 0.00
business and joint venture
2. Operating profit 142,325,094.00 307,845,960.00
Add: Non-operating income 698,629.00 501,270.00
less: non-operating expenditures 200.00 299,635.00
Including: non-current assets disposing loss 0.00 0.00
3. Total profit 143,023,523.00 308,047,595.00
Less: income tax expenses 348,556.00 6,953,523.00
4. Net profit 142,674,967.00 301,094,072.00
5. EPS -- --
Basic EPS 0.21 0.44
Diluted EPS 0.21 0.44
7. Comprehensive Income 142,674,967.00 301,094,072.00
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
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2013 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
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2013 2012
1. Business income 3,348,506,298.00 4,123,858,094.00
Business income 3,348,506,298.00 4,123,858,094.00
2. Business cost 2,201,078,766.00 2,585,751,044.00
Business cost 1,025,632,936.00 1,004,067,272.00
Business tax and associate charges 173,511,236.00 218,986,378.00
Sales expenses 869,789,591.00 1,233,795,194.00
Management expenses 148,739,974.00 148,161,244.00
Financial expenses -16,594,971.00 -18,919,402.00
Assets depreciation loss -339,642.00
3. Operating profit 1,147,427,532.00 1,538,107,050.00
Add: Non-operating income 9,498,231.00 13,526,392.00
less: non-operating expenditures 1,173,496.00 2,832,923.00
Including: non-current assets disposing loss 392,956.00 2,049,999.00
4. Total profit 1,155,752,267.00 1,548,800,519.00
Less: income tax expenses 286,966,342.00 386,042,437.00
5. Net profit 868,785,925.00 1,162,758,082.00
Net profit of parent company's owners 868,785,925.00 1,162,758,082.00
Minority shareholder profit and loss
6. EPS -- --
Basic EPS 1.27 1.7
Diluted EPS 1.27 1.7
7. Other Comprehensive Income
8. Comprehensive Income 868,785,925.00 1,162,758,082.00
Comprehensive Income of parent company 868,785,925.00 1,162,758,082.00
Comprehensive Income of minority shareholders
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
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2013 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
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 30 Sep Three months ended 30 Sep
Item
2013 2012
1. Business income 999,917,582.00 1,231,574,682.00
Less: business cost 819,840,102.00 999,715,052.00
Business tax and associate charges 86,892,698.00 113,389,718.00
Sales expenses
Management expenses 88,086,362.00 89,302,037.00
Financial expenses -18,358,158.00 -19,771,946.00
Assets depreciation loss -339,642.00
Add: fair value charge profit (loss is listed with
"-")
Investment profit ((loss is listed with "-") 152,496,487.00 292,249,888.00
Including: investment profit for joint-run
business and joint venture
2. Operating profit 175,953,065.00 341,529,350.00
Add: Non-operating income 1,803,022.00 1,486,820.00
less: non-operating expenditures 86,389.00 2,374,970.00
Including: non-current assets disposing loss 392,956.00 2,049,999.00
3. Total profit 177,669,698.00 340,641,200.00
Less: income tax expenses 6,090,552.00 10,027,484.00
4. Net profit 171,579,146.00 330,613,716.00
5. EPS -- --
Basic EPS 0.25 0.48
Diluted EPS 0.25 0.48
6. Other Comprehensive Income
7. Comprehensive Income 171,579,146.00 330,613,716.00
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
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2013 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
Yantai Changyu Pioneer Wine Co. Ltd.
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2013 2012
1. Cash flows from operating activities:
Cash received from sales of goods and rending of
3,517,257,411.00 4,733,220,564.00
services
Tax refund received 25,335,492.00 45,180,110.00
Other cash received related to operating activities 61,284,645.00 35,588,731.00
Subtotal of cash flows of operating activities 3,603,877,548.00 4,813,989,405.00
Cash paid for goods and services 874,873,154.00 1,315,184,362.00
Cash paid to and on behalf of employees 284,568,860.00 316,408,591.00
Cash paid for taxes and expenses 1,164,415,256.00 1,630,673,705.00
Other cash paid related to operating activities 622,821,935.00 930,371,680.00
Sub-total of cash outflows of operating activities 2,946,679,205.00 4,192,638,338.00
Net cash flow from operating activities 657,198,343.00 621,351,067.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 825,524,719.00 606,320,001.00
Cash received from interest income 14,353,847.00 22,293,810.00
Net cash received from disposal of fixed assets,
4,000.00 175,146.00
intangible 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 839,882,566.00 628,788,957.00
Cash paid to acquire fixed assets, intangible assets and
612,825,121.00 516,976,433.00
other long-term assets
Fixed deposit with the term of over 3 months 1,018,392,728.00
Subtotal of cash outflows of investment activities 1,631,217,849.00 516,976,433.00
Net cash flow from investing activities -791,335,283.00 111,812,524.00
3.Cash flow from financing activities
Cash received from acquiring investment 16,359,770.00
Including: cash received from acquiring minority 16,359,770.00
17
2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
shareholders investment by branch
Cash received from acquiring loans 243,170,674.00
Subtotal cash flows of financing activities 259,530,444.00
Cash paid to pay debts
Cash paid to distribute dividend, profit or pay interest 754,010,400.00 801,465,600.00
Including: dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 754,010,400.00 801,465,600.00
Net cash flow from financing activities -494,479,956.00 -801,465,600.00
4. Influences of exchange rate fluctuation on cash
and cash equivalents
5. Net Increase in cash and cash equivalents -628,616,896.00 -68,302,009.00
Add: balance at the beginning of the period of cash
1,562,294,026.00 1,256,517,873.00
and cash equivalents
6.Balance at the end of the period of cash and cash
933,677,130.00 1,188,215,864.00
equivalents
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
18
2013 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
Yantai Changyu Pioneer Wine Co. Ltd.
Unit: CNY
Nine months ended 30 Sep Nine months ended 30
Item
2013 Sep 2012
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services
890,924,099 1,320,094,653
Tax refund received 8,688,878 17,273,468
Other cash received related to operating activities 24,398,649 366,305,302
Subtotal of cash flows of operating activities 924,011,626 1,703,673,423
Cash paid for goods and services 564,718,954 1,122,843,024
Cash paid to and on behalf of employees 87,522,822 116,826,101
Cash paid for taxes and expenses 166,330,184 345,514,705
Other cash paid related to operating activities 215,322,702 1,462,655,139
Sub-total of cash outflows of operating activities 1,033,894,662 3,047,838,970
Net cash flow from operating activities -109,883,036 -1,344,165,547
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 825,524,719 606,320,001
Cash received from obtaining investment profit 765,931,480 1,926,344,105
Net cash received from disposal of fixed assets, intangible assets
and other long-term assets 4,000 78,926
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
1,591,460,199 2,532,743,032
Cash paid to acquire fixed assets, intangible assets and other
long-term assets 63,872,462 53,921,352
Fixed deposit with the term of over 3 months 1,006,392,728
Cash for investment 3,700,000 440,000,000
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 1,073,965,190 493,921,352
Net cash flow from investing activities 517,495,009 2,038,821,680
3.Cash flow from financing activities
Cash received from acquiring investment
Including: cash received from acquiring minority shareholders
investment by branch
19
2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash received from acquiring loans 243,170,674
Other cash received related to financing activities
Subtotal cash flows of financing activities 243,170,674
Cash paid to pay debts
Cash paid to distribute dividend, profit or pay interest
754,010,400 801,465,600
Including: dividend and profit paid to minority shareholders by
branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 754,010,400 801,465,600
Net cash flow from financing activities -510,839,726 -801,465,600
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents -103,227,753 -106,809,467
Add: balance at the beginning of the period of cash and cash
equivalents 425,084,049 296,735,240
6.Balance at the end of the period of cash and cash
equivalents 321,856,296 189,925,773
Legal representative：Sun Liqiang
Person in charge of accounting: Leng Bin
Person in charge of accounting organ: Jiang Jianxun
2. Audit Report
Whether or not to audit the 3rd quarter report.
□ Yes √ No.
rd
The 3 quarter report of the company has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
2013.10.22
20