2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2014 First Quarter Report
2014-Final 02
April 2014
1
2014 the First 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.
Except the following directors, other directors all personally attended the meeting for
deliberating the annual report.
Absent directors Directors’ post Absent reason Authorized person
Mr. Augusto Reina Director Due to working Mr. Aldino Marzorati
Mr. Jean Paul Pinard Director Due to working Mr. Sun Liqiang
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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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key financial data
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
Item The report period
last year last year(%)
Business income (CNY) 1,508,515,994.00 1,848,564,099.00 -18.4%
Net profit attributed to the
shareholders of the listed 457,522,651.00 570,638,033.00 -19.82%
company (CNY)
Net profit attributed to the
shareholders of the listed
454,655,351.00 568,038,508.00 -19.96%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
706,507,223.00 523,571,540.00 34.94%
operating activities (CNY)
Basic earnings per share
0.67 0.83 -19.28%
(CNY)
Diluted earnings per share
0.67 0.83 -19.28%
(CNY)
Weighted average for earning
6.64% 8.99% -2.35%
rate of the net assets
The end of the More or less than
The end of last year
report period last year(%)
Total assets (CNY) 8,527,529,718.00 8,001,532,444.00 6.57%
Net Assets attributed to the
shareholders of the listed 6,665,802,356.00 6,208,279,705.00 7.37%
company (CNY)
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
-2,963.00
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, 3,228,950.00
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 184,193.00
Less: Income tax effect 542,880.00
Total 2,867,300.00 --
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
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2014 the First 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
Total 51,856
Total number of shareholders 36695 Shareholders of A shares
15161 Shareholders of B shares
The top 10 shareholders with unrestricted shares
Numb Pledged or
er of frozen
Character of Percentage restric Shar
Name of Shareholders Shares held
shareholders (%) ted e Amo
shares statu unt
s
Domestic
non-state-
YANTAI CHANGYU GROUP CO. LTD. 50.4% 345,473,856 0 0
owned legal
person
Foreign
GAOLING FUND,L.P. 3.53% 24,176,997 0 0
shareholder
Foreign
GIC PRIVATE LIMITED 2.88% 19,721,200 0 0
shareholder
BBH BOS S/A FIDELITY FD - CHINA Foreign
2.35% 16,106,326 0 0
FOCUS FD shareholder
GSIC A/C MONETARY AUTHORITY OF Foreign
0.91% 6,242,128 0 0
SINGAPORE shareholder
BBH A/C VANGUARD EMERGING Foreign
0.67% 4,585,066 0 0
MARKETS STOCK INDEX FUND shareholder
BBH S/A FIDELITY FUNDS SICAV-HEALTH Foreign
0.67% 4,579,982 0 0
CARE shareholder
VALUEPARTNERSHIGH-DIVIDENDSTOCKS Foreign
0.62% 4,280,146 0 0
FUNDS shareholder
Foreign
UBS (LUXEMBOURG) S.A. 0.57% 3,908,889 0 0
shareholder
FIDELITY CHINA SPECIAL SITUATIONS Foreign
0.55% 3,779,202 0 0
PLC shareholder
The top 10 shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
shares held share
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
GIC PRIVATE LIMITED 19,721,200 B share 19,721,200
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 16,106,326 B share 16,106,326
GSIC A/C MONETARY AUTHORITY OF SINGAPORE 6,242,128 B share 6,242,128
BBH A/C VANGUARD EMERGING MARKETS STOCK B share
4,585,066 4,585,066
INDEX FUND
BBH S/A FIDELITY FUNDS SICAV-HEALTH CARE 4,579,982 B share 4,579,982
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 4,280,146 B share 4,280,146
UBS (LUXEMBOURG) S.A. 3,908,889 B share 3,908,889
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
FIDELITY CHINA SPECIAL SITUATIONS PLC 3,779,202 B share 3,779,202
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 shareholders
who involved in financing
No
activities and stock trading
business(if any)
Whether or not the Company’s shareholders promise to buy back trading during the report period
□ Yes √ No
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. The Great Change and Reasons on Main Accountant Data and Financial Index
Item At 31st March At 31st December Changes % Reasons for changes
2014 2013
Monetary fund 1,872,746,726 1,367,818,182 36.91% Mainly due to receiving the cash from
distributed products.
Notes receivable 284,073,362 79,702,753 256.42% Mainly due to the growth of
distributed products on bank
acceptances from the clients.
Notes payable 7,635,694 5,765,694 32.43% Mainly due to the growth of payable
bank acceptances.
Interest payable 3,209,852 2,152,059 49.15% Mainly due to the growth of payable
on bank loan interest.
Item The report Last period Changes % Reasons for changes
period amount amount
Operating revenue 1,508,515,994 1,848,564,099 -18.40% Mainly due to decline of sales
volume.
Operating cost 469,058,043 517,458,892 -9.35% Mainly due to decline of sales
volume.
Sales expense 298,441,169 431,460,151 -30.83% Mainly due to reduction of
advertising expense and transport
cost.
Management 58,147,083 67,841,905 -14.29% Mainly due to decrease of
expense landscaping expense.
Financial expense -11,647,090 -10,456,523 -11.39% Mainly due to increase of deposit
interests income .
Net profit of 457,522,651 570,638,033 -19.82% Mainly due to decline of sales
parent company's income.
owners
Cash paid for 213,166,230 324,388,078 -34.29% Mainly due to decline cash payment
goods and services for purchasing raw materials etc.
Other cash paid 217,033,835 344,504,698 -37.00% Mainly due to decline of cash
related to payment for sales expenses.
operating activities
Subtotal for cash 430,200,065 668,892,776 -35.68% Mainly due to decline of cash
outflows of payment for purchasing commodities
operating activities and payment for expenses.
Cash paid to 207,206,059 151,585,839 36.69% Mainly due to increase of cash
acquire fixed investment of investment projects.
assets, intangible
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
assets and other
long-term assets
Fixed deposit with 21,097,760 317,116,506 -93.35% Mainly due to decrease of fixed
the term of over 3 deposit.
months
Subtotal for cash 228,303,819 468,702,345 -51.29% Mainly due to decrease of fixed
outflow of deposit and increase of cash paid for
investment investment projects.
activities
Net Increase in 623,140,298 220,190,303 183.00% Mainly due to receiving cash from
cash and cash distributed products.
equivalents
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
Commitments at share reform － － － － －
Commitments made in － － － － －
acquisition report or equity
changes report
Commitments at asset － － － － －
restructuring
Yantai According to 18th May In-process
Changyu "Trademark 1997 performed
Group Co. License
Ltd. Contract", the
Company will
pay trademark
royalty for the
"Changyu"prod
ucts of Yantai
Commitments at the initial Changyu Group
Forever
public offering or refinancing Co., Ltd every
year, Yantai
Changyu Group
Co., Ltd will use
trademark to
advertise
Changyu
trademarks and
the Contract
products.
Commitments made to the Yantai
Changyu Intra-industry 18th May Has been
minority shareholders of the Group Co. competition 1997
Forever
performing
Company Ltd.
Yes
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Commitments at middle and
small shareholders of the －
Company
Commitment under timely
Yes
implementation or not
Whether or not to have specific
reasons of the unimplemented
NO
commitment and next steps(if
any)
Commitments Commitment party
Commitments at share reform －
3. Forecast on the operating performance from January to June in 2014
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
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2014 the First 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. Unit: CNY
Item At 31 March 2014 At 31 December 2013
Current assets：
Monetary fund 1,872,746,726.00 1,367,818,182.00
Financial assets for trade
Notes receivable 284,073,362.00 79,702,753.00
Account receivable 151,125,593.00 177,109,516.00
Advance money 43,922,742.00 45,997,863.00
Interest receivable 6,828,316.00 8,417,995.00
Dividend receivable
Other account receivable 95,344,143.00 99,331,794.00
Inventories 1,821,469,127.00 2,121,117,437.00
Non-current assets due
within one year
Other current assets
Total current assets 4,275,510,009.00 3,899,495,540.00
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 0.00 0.00
Real estate for investment
Fixed assets 1,903,655,644.00 1,917,641,344.00
Construction in progress 1,589,464,800.00 1,423,654,530.00
Project material 711,083.00 676,539.00
Liquidation of fixed assets
Biological assets for production 107,574,820.00 101,794,515.00
Oil and gas assets
Intangible assets 299,274,234.00 296,129,754.00
Development expenditure
Goodwill 13,112,525.00 13,112,525.00
Long-term deferred expenses 166,513,513.00 165,521,803.00
Assets of deferred income tax 146,993,662.00 158,533,090.00
Other non-current assets 24,719,428.00 24,972,804.00
Total non-current assets 4,252,019,709.00 4,102,036,904.00
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total assets 8,527,529,718.00 8,001,532,444.00
Current liabilities:
Short-term loan 243,170,674.00 243,170,674.00
Financial liabilities for trade
Notes payable 7,635,694.00 5,765,694.00
Accounts payable 211,540,559.00 258,116,331.00
Advance money 230,220,156.00 188,651,254.00
Wage payable 117,656,747.00 134,322,137.00
Tax payable 171,040,507.00 194,413,430.00
Interest payable 3,209,852.00 2,152,059.00
Dividend payable
Other accounts payable 610,322,593.00 497,301,630.00
Non-current liabilities due
0.00 0.00
within one year
Other current liabilities 12,830,801.00 12,915,801.00
Total current liabilities 1,607,627,583.00 1,536,809,010.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term accounts payable
Special accounts payable
Estimated liabilities
Liabilities of deferred income
5,336,115.00 5,336,115.00
tax
Other non-current liabilities 86,022,885.00 88,366,835.00
Total non-current liabilities 91,359,000.00 93,702,950.00
Total liabilities 1,698,986,583.00 1,630,511,960.00
Shareholder rights and interests：
Capital stock 685,464,000.00 685,464,000.00
Capital reserve 563,139,042.00 563,139,042.00
Less: treasury stock
Surplus reserve 342,732,000.00 342,732,000.00
Undistributed profit 5,074,467,314.00 4,616,944,663.00
Total shareholder rights and
6,665,802,356.00 6,208,279,705.00
interests of parent company
Minority shareholder rights and
162,740,779.00 162,740,779.00
interests
Total shareholder rights and
6,828,543,135.00 6,371,020,484.00
interests
Liabilities and total shareholders
8,527,529,718.00 8,001,532,444.00
rights and interests
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2)、Balance sheet of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Item At 31 March 2014 At 31 December 2013
Current assets：
Monetary fund 614,635,007.00 602,444,243.00
Notes receivable 148,701,399.00 32,594,381.00
Account receivable 1,871,457.00 1,600,968.00
Advance money 25,443,528.00 24,824,672.00
Interest receivable 6,828,316.00 8,417,995.00
Dividend receivable 752,595,884.00 752,595,884.00
Other account receivable 3,294,514,228.00 3,709,583,949.00
Inventories 727,131,141.00 781,284,189.00
Non-current assets due within
one year
Other current assets
Total current assets 5,571,720,960.00 5,913,346,281.00
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 1,048,208,923.00 1,048,208,923.00
Real estate for investment
Fixed assets 422,500,148.00 425,294,116.00
Construction in progress 279,802.00 269,802.00
Project material
Liquidation of fixed assets
Biological assets for production 64,826,963.00 60,851,409.00
Oil and gas assets
Intangible assets 78,546,562.00 79,139,831.00
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 19,487,865.00 22,956,747.00
Other non-current assets 2,464,762.00 2,616,525.00
Total non-current assets 1,636,315,025.00 1,639,337,353.00
Total assets 7,208,035,985.00 7,552,683,634.00
Current liabilities:
Short-term loan 243,170,674.00 243,170,674.00
Financial liabilities for trade
Notes payable
Accounts payable 175,709,754.00 166,453,563.00
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Advance money
Wage payable 53,823,620.00 69,032,912.00
Tax payable 28,202,274.00 37,578,670.00
Interest payable 3,209,852.00 2,152,059.00
Dividend payable
Other accounts payable 1,217,593,964.00 1,612,596,521.00
Non-current liabilities due
within one year
Other current liabilities 2,659,227.00 2,559,227.00
Total current liabilities 1,724,369,365.00 2,133,543,626.00
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 22,335,655.00 22,275,462.00
Total non-current liabilities 22,335,655.00 22,275,462.00
Total liabilities 1,746,705,020.00 2,155,819,088.00
Shareholder rights and interests：
Capital stock 685,464,000.00 685,464,000.00
Capital reserve 557,222,454.00 557,222,454.00
Less: treasury stock
Surplus reserve 342,732,000.00 342,732,000.00
Undistributed profit 3,875,912,511.00 3,811,446,092.00
Total shareholder rights and
5,461,330,965.00 5,396,864,546.00
interests
Liabilities and total shareholders
7,208,035,985.00 7,552,683,634.00
rights and interests
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3、Consolidated profit statement
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2014 March 2013
1. Total business income 1,508,515,994.00 1,848,564,099.00
Less: Business income 1,508,515,994.00 1,848,564,099.00
2. Total business cost 903,007,231.00 1,092,515,575.00
Including：Business cost 469,058,043.00 517,458,892.00
Business tax and associate charges 89,008,026.00 86,211,150.00
Sales expenses 298,441,169.00 431,460,151.00
Management expenses 58,147,083.00 67,841,905.00
Financial expenses -11,647,090.00 -10,456,523.00
Assets depreciation loss 0.00
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
3. Operating profit (loss is listed with "-") 605,508,763.00 756,048,524.00
Add: Non-operating income 3,417,162.00 3,476,652.00
Less: non-operating expenditures 6,982.00 416,401.00
Including: non-current assets disposing loss
4. Total profit (loss is listed with "-") 608,918,943.00 759,108,775.00
Less: income tax expenses 151,396,292.00 188,470,742.00
5. Net profit (net loss is listed with "-") 457,522,651.00 570,638,033.00
Net profit of parent company's owners 457,522,651.00 570,638,033.00
Minority shareholder profit and loss
6. EPS -- --
Basic EPS 0.67 0.83
Diluted EPS 0.67 0.83
7. Other Comprehensive income
8. Total comprehensive income 457,522,651.00 570,638,033.00
Total comprehensive income of parent company 457,522,651.00 570,638,033.00
Total 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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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4)、Profit statement of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2014 March 2013
1. Business income 400,540,963.00 450,311,216.00
Less： Business cost 319,026,288.00 365,031,211.00
Business tax and associate charges 48,514,935.00 42,167,365.00
Sales expenses
Management expenses 26,741,551.00 25,580,417.00
Financial expenses -12,343,282.00 -7,863,208.00
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 50,000,000.00 11,140,442.00
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 68,601,471.00 36,535,873.00
Add: non-operating income 687,088.00 607,700.00
Less: non-operating expenditures
Including: non-current assets disposing loss
3. Total profit (loss is listed with "-") 69,288,559.00 37,143,573.00
Less: income tax expenses 4,822,140.00 6,384,762.00
4. Net profit (net loss is listed with "-") 64,466,419.00 30,758,811.00
5. EPS -- --
Basic EPS 0.09 0.04
Diluted EPS 0.09 0.04
6. Other Comprehensive income
7. Total comprehensive income 64,466,419.00 30,758,811.00
Legal representative: Sun Liqiang
Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
5)、Consolidated cash flow statement
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 31 Three months ended
Item
March 2014 31 March 2013
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 1,668,942,443.00 1,880,180,100.00
Tax refund received 2,677,946.00
Other cash received related to operating activities 2,478,306.00 29,742,440.00
Subtotal of cash flows of operating activities 1,671,420,749.00 1,912,600,486.00
Cash paid for goods and services 213,166,230.00 324,388,078.00
Cash paid to and on behalf of employees 93,307,996.00 127,239,528.00
Cash paid for taxes and expenses 441,405,465.00 592,896,642.00
Other cash paid related to operating activities 217,033,835.00 344,504,698.00
Sub-total of cash outflows of operating activities 964,913,526.00 1,389,028,946.00
Net cash flow from operating activities 706,507,223.00 523,571,540.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 141,149,047.00 160,492,178.00
Cash received from obtaining investment profit 3,787,847.00 4,828,930.00
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets
Subtotal of cash flows of investment activities 144,936,894.00 165,321,108.00
Cash paid to acquire fixed assets, intangible assets and
207,206,059.00 151,585,839.00
other long-term assets
Fixed deposit with the term of over 3 months 21,097,760.00 317,116,506.00
Cash for investment
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 228,303,819.00 468,702,345.00
Net cash flow from investing activities -83,366,925.00 -303,381,237.00
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
Other cash received related to financing activities
Subtotal cash flows of financing activities
Cash paid to pay debts
Cash paid to distribute dividend, profit or pay interest
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents 623,140,298.00 220,190,303.00
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Add: balance at the beginning of the period of cash and cash
956,558,932.00 1,562,294,026.00
equivalents
6.Balance at the end of the period of cash and cash equivalents 1,579,699,230.00 1,782,484,329.00
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6)、Cash flow statement of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2014 March 2013
1. Cash flows from operating activities:
Cash received from sales of goods and rending of
321,579,341.00 326,567,470.00
services
Tax refund received 823,678.00
Other cash received related to operating activities 12,063,481.00 494,987,939.00
Subtotal of cash flows of operating activities 333,642,822.00 822,379,087.00
Cash paid for goods and services 140,455,443.00 183,385,689.00
Cash paid to and on behalf of employees 45,319,498.00 46,179,369.00
Cash paid for taxes and expenses 80,131,374.00 100,551,494.00
Other cash paid related to operating activities 94,727,861.00 121,640,167.00
Sub-total of cash outflows of operating activities 360,634,176.00 451,756,719.00
Net cash flow from operating activities -26,991,354.00 370,622,368.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 141,149,047.00 160,492,178.00
Cash received from obtaining investment profit 53,787,847.00 48,508,529.00
Net cash received from disposal of fixed assets,
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 194,936,894.00 209,000,707.00
Cash paid to acquire fixed assets, intangible assets
14,775,565.00 14,865,794.00
and other long-term assets
Fixed deposit with the term of over 3 months 21,097,760.00 317,116,506.00
Cash for investment 3,700,000.00
Net cash paid to acquire branch and other business
unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 35,873,325.00 335,682,300.00
Net cash flow from investing activities 159,063,569.00 -126,681,593.00
3.Cash flow from financing activites
Cash received from acquiring investment
Including: cash received from acquiring minority
shareholders investment by branch
Cash received from acquiring loans
Other cash received related to financing activities
Subtotal cash flows of financing activities
Cash paid to pay debts
18
2014 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid to distribute dividend, profit or pay
interest
Including: dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities
Net cash flow from financing activities
4. Influences of exchange rate fluctuation on cash and
cash equivalents
5. Net Increase in cash and cash equivalents 132,072,215.00 243,940,775.00
Add: balance at the beginning of the period of cash and
197,150,989.00 425,084,049.00
cash equivalents
6.Balance at the end of the period of cash and cash
329,223,204.00 669,024,824.00
equivalents
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2. Audit report
Whether the 1st quarter report has been audited.
□Yes √No
The 1st quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
25th April 2014
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