2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2014 Third Quarter Report
2014-Final 03
Oct 2014
1
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
I. Important Notice
The board of directors，the board of supervisors，directors, supervisors & senior managers
of the Company collectively and individually accept full responsibility for the truthfulness ，
accuracy and completeness of the information contained in this quarter report and confirm
that to the best of their knowledge and belief there are no unfaithful facts, significant
omissions or misleading statements.
All directors have personally attended the Board of Directors’ meeting for deliberating the
quarter report.
Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr.
Jiang Jianxun (Financial Director) assure the truthfulness, accuracy and completeness of the
financial report in the quarter report.
2
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key accounting data and financial data
Whether the Company makes retroactive adjustments or restates the accounting data of previous fiscal years.
□ Yes V No
The end of the The end of last year More or less than
report period last year(%)
8,001,532,444.00
Total assets (CNY) 8,676,987,100.00 8.44%
Net Assets attributed to the
shareholders of the listed 6,663,123,798.00 6,208,279,705.00 7.33%
company (CNY)
More or less than From the beginning of
More or less than
Item The report period last year(%) the year to the end of
last year(%)
the report period
Business income (CNY) 890,560,257.00 10.06% 3,192,550,505.00 -4.66%
Net profit attributed to the
shareholders of the listed 160,970,139.00 25.55% 799,011,450.00 -8.03%
company (CNY)
Net profit attributed to the
shareholders of the listed
159,460,320.00 27.37% 789,361,175.00 -8.42%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
-- -- 1,096,794,105.00 66.89%
operating activities (CNY)
Basic earnings per share
0.23 21.05% 1.17 -7.87%
(CNY)
Diluted earnings per share
0.23 21.05% 1.17 -7.87%
(CNY)
Weighted average for earning
2.40% 0.38% 11.94% -1.79%
rate of the net assets
3
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Details of non-recurring profit and loss
√available □not available
Unit：CNY
From beginning of the
Item year to end of report Explanation
period
Gain on disposal of non-current assets, including
94,839.00
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, 13,451,971.00
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses -936,620.00
Less: Income tax effect 2,959,915.00
Total 9,650,275.00 --
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
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.
4
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. The total number of the shareholders and top 10 shareholders at the end of the report
period
1) The total number of common shareholders and top 10 common shareholders at the end of the
report period
Unit: share
Total number of common 44881, including
shareholders at the end of the report A shareholder 30,096 and B shareholder 14,785
period
The top 10 common shareholders
Number Pledged or
Character of Percentage of frozen
Name of Shareholders Shares held
shareholders (%) restricte Share
Amount
d shares status
Domestic
non-state-
YANTAI CHANGYU GROUP CO. LTD. 50.40% 345,473,856 0 0
owned legal
person
Foreign
GAOLING FUND,L.P. 3.53% 24,176,997 0 0
shareholder
BBH BOS S/A FIDELITY FD - CHINA Foreign
2.35% 16,106,326 0 0
FOCUS FD shareholder
Foreign
GIC PRIVATE LIMITED 1.69% 11,591,884 0 0
shareholder
Domestic
BOCOM SCHROEDER GROWTH STOCK non-state-
1.17% 8,009,270 0
SECURITIES INVESTMENT FUND owned legal
person
VALUE PARTNERS HIGH-DIVIDEND Foreign
0.62% 4,280,146 0 0
STOCKS FUNDS shareholder
Foreign
NORGES BANK 0.61% 4,171,564 0 0
shareholder
Foreign
FIDELITY FUNDS 0.58% 3,997,933 0 0
shareholder
BBH A/C VANGUARD EMERGING Foreign
0.57% 3,903,287 0 0
MARKETS STOCK INDEX FUND shareholder
FIDELITY CHINA SPECIAL SITUATIONS Foreign
0.55% 3,779,202 0 0
PLC shareholder
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
common shares share
held
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
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 16,106,326 B share 16,106,326
GIC PRIVATE LIMITED 11,591,884 B share 11,591,884
BOCOM SCHROEDER GROWTH STOCK SECURITIES A share
8,009,270 8,009,270
INVESTMENT FUND
5
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 4,280,146 B share 4,280,146
NORGES BANK 4,171,564 B share 4,171,564
FIDELITY FUNDS 3,997,933 B share 3,997,933
BBH A/C VANGUARD EMERGING MARKETS STOCK B share
3,903,287 3,903,287
INDEX FUND
FIDELITY CHINA SPECIAL SITUATIONS PLC 3,779,202 B share 3,779,202
Among the top 10 shareholders, Yantai Changyu Group Company
The explanation for the associated Limited has no associated relationship or accordant action
relationship and accordant action relationship with the other 9 listed shareholders, and the relationship
among the other shareholders is unknown.
Explanation for the top10 common
shareholders with unrestricted
The top 10 Shareholders is not involved in financing activities and
shares who involved in financing
stock trading business.
activities and stock trading
business(if any)
Whether or not the Company’s top10 common shareholders and top 10 common shareholders with
unrestricted shares promise to buy back trading during the report period
□ Yes √ No
There is no agreed to buy back trading by Company shareholders during the report period.
2) The total number of preferred shareholders and top 10 preferred shareholders at the end of the
report period
□Available V Not available
6
2014 the Third 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
√available □not available
Compared the end of the report period with the beginning of the year, notes receivable of the
Company increases by 179.30%, mainly due to the growth on bank acceptances, prepayment
decreases by 46.43% , mainly due to the reduction of prepaid material purchase amount,
interest receivable declines by 69.90%, mainly due to decrease of receivable interest on bank
fixed deposit, construction in process increases by 33.80%, mainly due to the increase of the
accumulative total investment in Company’s project under construction, accounts payable
increases by 31.55%,mainly due to increase of payable suppliers’ payment for goods, deposit
received increases by 63.57%, mainly due to the growth of advances on sales.
From January to September 2014, the Company received other cash related to operating
activities which decreased by 67.40% compared with the same period of last year, mainly due to
receiving the decline of bank deposit and agencies’ cash deposit, cash paid for goods and
services decreased by 30.18% compared with the same period of last year, mainly due to decline
payment for purchasing raw material, net amount of cash flow from operating activities
increased by 66.89%, mainly due to the effective control of cost and expenses, the decline on
cash outflows of operating activities.
From July to September 2014, the company strongly promoted the products’ distribution,
enforce the control of cost and expenses, so that operating revenue increased by 10.06%
compared by the same periods of last year, sales expenses decreased by 5.98%, net profit
attributed to parent company’s shareholders increased by 25.55% compared with the same
periods of last year.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available V Not available
3. The commitments of the Company or shareholders of the Company holding more than
5% in the report period or until the report period
√available □not available
Comm
Commitment Commitment Implementa
Commitments Commitment content itment
Party time tion
period
Commitments at share 3 has been
- － 2006.03.11
reform years fulfilled
Commitments made in
acquisition report or equity - - - -
changes report
7
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Commitments at asset
- - - -
restructuring
According to "Trademark
License Contract", the
Company will pay
trademark royalty for the
"Changyu"products of
Yantai
Yantai Changyu Group Forev In-process
Changyu 1997.05.18
Commitments at the initial Co., Ltd every year, Yantai er performed
Group Co., Ltd
public offering or Changyu Group Co., Ltd
refinancing will use trademark to
advertise Changyu
trademarks and the
Contract products.
Yantai
Non Intra-industry Forev Has been
Changyu 1997.05.18
competition er performed
Group Co, Ltd
Commitments made to the
minority shareholders of - - - -
the Company
Commitment under timely
Yes
implementation or not
Specific reasons of not
completing the
No
implementation and the
next step
4. Forecast on the operating performance in the year of 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.
□Available V Not available
5. The situation of security investment
□Available V Not available
There is no security investment during the report period.
Explanation for the situation of holding other listed company’s shareholding.
6. The situation of derivatives investment
□Available V Not available
There is no security investment during the report period.
8
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
7. The activities registration form of receptions, communication and interview etc. during the report
period
V Available □Not available
Main discussed
Type of
Reception Reception Receptio contents and the
reception Reception object
time place n way information
object
provided
Wang Jiandong from Sunshine
insurance group Sunshine current business
Meeting
Field asset management co., Ltd., Jia operation
2014.09.19 room of the Institution
survey Tingting from Danshuiquan situation and
Company
(Beijing) investment other issues
management Co., Ltd.
8. Effect of new issued or revised accounting standard on the consolidated balance sheet of the Company
□Available V Not available
9
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Ⅳ Financial Statements
1.、Financial statements
1)、Consolidated balance sheet
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Item At 30 September 2014 At 31 December 2013
Current assets：
Monetary fund 1,525,736,599 1,367,818,182
Financial assets for trade
Notes receivable 222,610,122 79,702,753
Account receivable 164,732,525 177,109,516
Advance money 24,639,360 45,997,863
Interest receivable 2,533,951 8,417,995
Dividend receivable
Other account receivable 90,754,644 99,331,794
Inventories 1,878,198,797 2,121,117,437
Non-current assets due
within one year
Other current assets
Total current assets 3,909,205,998 3,899,495,540
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 0 0
Real estate for investment
Fixed assets 2,016,805,419 1,917,641,344
Construction in progress 1,904,843,262 1,423,654,530
Project material 0 676,539
Liquidation of fixed assets
Biological assets for production 131,991,324 101,794,515
Oil and gas assets
Intangible assets 298,931,410 296,129,754
Development expenditure
Goodwill 13,112,525 13,112,525
Long-term deferred expenses 182,839,206 165,521,803
Assets of deferred income tax 195,037,397 158,533,090
Other non-current assets 24,220,559 24,972,804
Total non-current assets 4,767,781,102 4,102,036,904
10
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total assets 8,676,987,100 8,001,532,444
Current liabilities:
Short-term loan 200,000,000 243,170,674
Financial liabilities for trade
Notes payable 700,000 5,765,694
Accounts payable 339,544,874 258,116,331
Advance money 308,578,029 188,651,254
Wage payable 125,706,784 134,322,137
Tax payable 49,140,240 194,413,430
Interest payable 1,754,972 2,152,059
Dividend payable
Other accounts payable 605,482,044 497,301,630
Non-current liabilities due
within one year 0 0
Other current liabilities 12,360,801 12,915,801
Total current liabilities 1,643,267,744 1,536,809,010
Non-current liabilities：
Long-term loan 121,993,680
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 80,524,984 88,366,835
Total non-current liabilities 207,854,779 93,702,950
Total liabilities 1,851,122,523 1,630,511,960
Shareholder rights and interests：
Capital stock 685,464,000 685,464,000
Capital reserve 563,140,940 563,139,042
Less: treasury stock
Surplus reserve 342,732,000 342,732,000
Undistributed profit 5,073,224,113 4,616,944,663
Other comprehensive income -1,437,255
Total shareholder rights and
interests of parent company 6,663,123,798 6,208,279,705
Minority shareholder rights and
interests 162,740,779 162,740,779
Total shareholder rights and
interests 6,825,864,577 6,371,020,484
Liabilities and total shareholders
rights and interests 8,676,987,100 8,001,532,444
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
11
2014 the Third 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 30 September 2014 At 31 December 2013
Current assets：
Monetary fund 610,328,395 602,444,243
Financial assets for trade
Notes receivable 109,427,193 32,594,381
Account receivable 17,817 1,600,968
Advance money 2,179,699 24,824,672
Interest receivable 2,533,951 8,417,995
Dividend receivable 0 752,595,884
Other account receivable 3,840,424,304 3,709,583,949
Inventories 694,354,624 781,284,189
Non-current assets due within
one year
Other current assets
Total current assets 5,259,265,983 5,913,346,281
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 1,048,208,923 1,048,208,923
Real estate for investment
Fixed assets 410,234,874 425,294,116
Construction in progress 650,821 269,802
Project material
Liquidation of fixed assets
Biological assets for production 82,165,524 60,851,409
Oil and gas assets
Intangible assets 77,360,024 79,139,831
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 18,168,101 22,956,747
Other non-current assets 2,161,237 2,616,525
Total non-current assets 1,638,949,504 1,639,337,353
Total assets 6,898,215,487 7,552,683,634
12
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Current liabilities:
Short-term loan 200,000,000 243,170,674
Financial liabilities for trade
Notes payable
Accounts payable 229,765,106 166,453,563
Advance money
Wage payable 82,804,035 69,032,912
Tax payable 12,059,106 37,578,670
Interest payable 1,754,972 2,152,059
Dividend payable
Other accounts payable 422,670,233 1,612,596,521
Non-current liabilities due
within one year
Other current liabilities 2,559,227 2,559,227
Total current liabilities 951,612,679 2,133,543,626
Non-current liabilities：
Long-term loan 121,993,680
Bond payable
Long-term accounts payable
Special accounts payable
Estimated liabilities
Liabilities of deferred income
tax
Other non-current liabilities 20,356,042 22,275,462
Total non-current liabilities 142,349,722 22,275,462
Total liabilities 1,093,962,401 2,155,819,088
Shareholder rights and interests：
Capital stock 685,464,000 685,464,000
Capital reserve 557,224,352 557,222,454
Less: treasury stock
Surplus reserve 342,732,000 342,732,000
Undistributed profit 4,218,832,734 3,811,446,092
Currency translation reserve
Total shareholder rights and
interests 5,804,253,086 5,396,864,546
Minority shareholder rights and
interests
Total shareholder rights and
interests 5,804,253,086 5,396,864,546
Liabilities and total shareholders
rights and interests 6,898,215,487 7,552,683,634
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
13
2014 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
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2014 2013
1. Total business income 890,560,257 809,128,064
Including : Business income 890,560,257 809,128,064
2. Total business cost 680,635,306 642,214,194
Including：Business cost 296,035,468 265,940,847
Business tax and associate charges 71,547,225 49,909,259
Sales expenses 268,432,892 285,508,961
Management expenses 45,069,753 43,843,045
Financial expenses -450,032 -2,987,918
Assets depreciation loss
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 "-") 209,924,951 166,913,870
Add: Non-operating income 4,663,088 3,822,737
Less: non-operating expenditures 1,292,178 34,077
Including: non-current assets disposing loss
4. Total profit (loss is listed with "-") 213,295,861 170,702,530
Less: income tax expenses 52,325,722 42,490,826
5. Net profit (net loss is listed with "-") 160,970,139 128,211,704
Net profit of parent company's owners 160,970,139 128,211,704
Minority shareholder profit and loss
6. EPS -- --
Basic EPS 0.23 0.19
Diluted EPS 0.23 0.19
7. Other Comprehensive income -1,167,652
Including: other comprehensive income that will be
classified into the profits and losses with meeting
-1,167,652
the prescribed conditions in the future accounting
period.
8. Total comprehensive income 159,802,487 128,211,704
Total comprehensive income of parent company 159,802,487 128,211,704
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
14
2014 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
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2014 2013
1. Business income 416,385,311 284,834,446
Less： Business cost 334,343,258 234,730,834
Business tax and associate charges 45,932,704 25,459,913
Sales expenses
Management expenses 25,710,512 28,839,226
Financial expenses -2,436,611 -5,164,576
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 666,018,499 141,356,045
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 678,853,947 142,325,094
Add: non-operating income 1,599,689 698,629
Less: non-operating expenditures 619,379 200
Including: non-current assets disposing loss
3. Total profit (loss is listed with "-") 679,834,257 143,023,523
Less: income tax expenses 3,453,940 348,556
4. Net profit (net loss is listed with "-") 676,380,317 142,674,967
5. EPS -- --
Basic EPS 0.99 0.21
Diluted EPS
6. Other Comprehensive income
7. Total comprehensive income 676,380,317 142,674,967
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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 Nine months ended 30
Item
September 2014 September 2013
1. Total business income 3,192,550,505 3,348,506,298
Including : Business income 3,192,550,505 3,348,506,298
2. Total business cost 2,143,581,647 2,201,078,766
Including：Business cost 1,050,337,854 1,025,632,936
Business tax and associate charges 203,984,038 173,511,236
Sales expenses 754,913,922 869,789,591
Management expenses 149,050,250 148,739,974
15
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Financial expenses -14,704,417 -16,594,971
Assets depreciation loss 0
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 "-") 1,048,968,858 1,147,427,532
Add: Non-operating income 14,107,884 9,498,231
Less: non-operating expenditures 1,497,694 1,173,496
Including: non-current assets disposing loss
4. Total profit (loss is listed with "-") 1,061,579,048 1,155,752,267
Less: income tax expenses 262,567,598 286,966,342
5. Net profit (net loss is listed with "-") 799,011,450 868,785,925
Net profit of parent company's owners 799,011,450 868,785,925
Minority shareholder profit and loss
6. EPS -- --
Basic EPS 1.17 1.27
Diluted EPS 1.17 1.27
7. Other Comprehensive income -1,437,255
Including: Including: other comprehensive income
that will be classified into the profits and losses with
meeting the prescribed conditions in the future
accounting period. -1,437,255
8. Total comprehensive income 797,574,195 868,785,925
Total comprehensive income of parent company 797,574,195 868,785,925
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
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
Nine months ended 30 Nine months ended 30
Item
September 2014 September 2013
1. Business income 1,106,282,590 999,917,582
Less： Business cost 900,088,247 819,840,102
Business tax and associate charges 121,671,047 86,892,698
Sales expenses
Management expenses 75,668,879 88,086,362
Financial expenses -12,845,994 -18,358,158
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 731,492,782 152,496,487
16
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 753,193,193 175,953,065
Add: non-operating income 3,753,448 1,803,022
Less: non-operating expenditures 619,379 86,389
Including: non-current assets disposing loss
3. Total profit (loss is listed with "-") 756,327,262 177,669,698
Less: income tax expenses 6,208,620 6,090,552
4. Net profit (net loss is listed with "-") 750,118,642 171,579,146
5. EPS -- --
Basic EPS 1.09 0.25
Diluted EPS
6. Other Comprehensive income
7. Total comprehensive income 750,118,642 171,579,146
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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 Nine months ended
Item
September 2014 30 September 2013
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 3,488,176,932 3,517,257,411
Tax refund received 2,300,000 25,335,492
Other cash received related to operating activities 19,977,917 61,284,645
Subtotal of cash flows of operating activities 3,510,454,849 3,603,877,548
Cash paid for goods and services 610,813,461 874,873,154
Cash paid to and on behalf of employees 259,145,333 284,568,860
Cash paid for taxes and expenses 1,056,511,881 1,164,415,256
Other cash paid related to operating activities 487,190,069 622,821,935
Sub-total of cash outflows of operating activities 2,413,660,744 2,946,679,205
Net cash flow from operating activities 1,096,794,105 657,198,343
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 275,392,728 825,524,719
Cash received from obtaining investment profit 8,360,995 14,353,847
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 100 4,000
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 283,753,823 839,882,566
Cash paid to acquire fixed assets, intangible assets and 676,609,445 612,825,121
17
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
other long-term assets
Cash paid to buy fixed deposit with the term of over 3
months 77,247,483 1,018,392,728
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 753,856,928 1,631,217,849
Net cash flow from investing activities -470,103,105 -791,335,283
3. Cash flow from financing activities
Cash received from acquiring investment 16,359,770
Including: cash received from acquiring minority shareholders
investment by subsidiary 16,359,770
Cash received from acquiring loans 321,993,680 243,170,674
Other cash received related to financing activities 129,182,292
Subtotal cash flows of financing activities 451,175,972 259,530,444
Cash paid to pay debts 242,219,439
Cash paid to distribute dividend, profit or pay interest 348,206,212 754,010,400
Including: dividend and profit paid to minority
shareholders by subsidiary
Other cash paid related to financing activities 125,000,000
Subtotal of cash outflows of financing activities 715,425,651 754,010,400
Net cash flow from financing activities -264,249,679 -494,479,956
4. Influences of exchange rate fluctuation on cash and cash
equivalents -955,861
5. Net Increase in cash and cash equivalents 361,485,460 -628,616,896
Add: balance at the beginning of the period of cash and cash
equivalents 956,558,932 1,562,294,026
6.Balance at the end of the period of cash and cash equivalents 1,318,044,392 933,677,130
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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 Nine months ended
Item
September 2014 30 September 2013
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 824,436,981 890,924,099
Tax refund received 8,688,878
Other cash received related to operating activities 8,435,432 24,398,649
Subtotal of cash flows of operating activities 832,872,413 924,011,626
Cash paid for goods and services 351,039,198 564,718,954
Cash paid to and on behalf of employees 88,087,059 87,522,822
Cash paid for taxes and expenses 204,621,077 166,330,184
Other cash paid related to operating activities 1,375,496,249 215,322,702
18
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Sub-total of cash outflows of operating activities 2,019,243,583 1,033,894,662
Net cash flow from operating activities -1,186,371,170 -109,883,036
2. Cash flow from investing activities:
Cash received from return of investment
Withdraw of fixed deposit with the term of over 3 months 275,392,728 825,524,719
Cash received from obtaining investment profit 1,492,449,661 765,931,480
Cash received from interest income
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 121,997 4,000
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 1,767,964,386 1,591,460,199
Cash paid to acquire fixed assets, intangible assets and
other long-term assets 33,910,855 63,872,462
Cash paid for buying fixed deposit with the term of over 3
months 51,547,483 1,006,392,728
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 85,458,338 1,073,965,190
Net cash flow from investing activities 1,682,506,048 517,495,009
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 321,993,680 243,170,674
Other cash received related to financing activities 129,182,292
Subtotal cash flows of financing activities 451,175,972 243,170,674
Cash paid to pay debts 242,219,439
Cash paid to distribute dividend, profit or pay interest 348,206,212 754,010,400
Including: dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities 125,000,000
Subtotal of cash outflows of financing activities 715,425,651 754,010,400
Net cash flow from financing activities -264,249,679 -510,839,726
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents 231,885,199 -103,227,753
Add: balance at the beginning of the period of cash and cash
equivalents 197,150,989 425,084,049
6.Balance at the end of the period of cash and cash equivalents 429,036,188 321,856,296
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
19
2014 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. Audit report
Whether the 3rd quarter report has been audited.
□Yes √No
The 3rd quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
24th October 2014
20
