2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2015 First Quarter Report
2015-Final 02
April 2015
1
2015 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.
All directors attended the meeting for deliberating this 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 annual report.
2
2015 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) 1,825,212,207.00 1,508,515,994.00 20.99%
Net profit attributed to the
shareholders of the listed 530,248,397.00 457,522,651.00 15.90%
company (CNY)
Net profit attributed to the
shareholders of the listed
526,745,613.00 454,655,350.00 15.86%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
697,396,327.00 706,507,223.00 -1.29%
operating activities (CNY)
Basic earnings per share
0.77 0.67 14.93%
(CNY)
Diluted earnings per share
0.77 0.67 14.93%
(CNY)
Weighted average for earning
7.46% 6.64% 0.82%
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) 9,719,260,222.00 8,912,232,640.00 9.06%
Net Assets attributed to the
shareholders of the listed 7,365,209,920.00 6,840,452,145.00 7.67%
company (CNY)
Details of irregular profit and loss
V Yes □ No
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Government grants credited in profit and loss
(except for those recurring government grants
that are closely related to the entity's operation, 3,411,679.00
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 1,061,714.00
Less: Income tax effect 970,609.00
Total 3,502,784.00 --
3
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
The reasons shall be made clear and definitely as to the irregular profit and loss that the Company has
defined by virtue of the Explanatory Announcement on Public Company’s Information Disclosure No.1
- Irregular Profit and Loss and as to regarding the irregular profit and loss as recurrent profit and loss as
specified in the Explanatory Announcement on Public Company’s Information Disclosure No.1 -
Irregular Profit and Loss.
□Available V Not available
There is no situation regarding the non-recurring profit and loss as defined and specified in the
Explanatory Announcement on Public Company’s Information Disclosure No.1 - Non-recurring
Profit and Loss as recurrent profit and loss.
2. The total number of shareholders and top 10 shareholders at the end of the report period
1) The total number of the common shareholders and top 10 common shareholders at the end of
the report period
Unit: share
Total 43,169
Total number of common
28852 Shareholders of A shares
shareholders
14317 Shareholders of B shares
The top 10 common shareholders
Number Pledged or
Character of Percentage of frozen
Name of Shareholders Shares held
shareholders (%) restricted Share Amo
shares status unt
YANTAI CHANGYU GROUP Domestic
COMPANY LIMITED non-state-
50.40% 345,473,856 0 0
owned legal
person
GAOLING FUND,L.P. Foreign
3.53% 24,176,997 0 0
shareholder
BBH BOS S/A FIDELITY FD - CHINA Foreign
FOCUS FD 2.35% 16,106,326 0 0
shareholder
GIC PRIVATE LIMITED Foreign
1.45% 9,913,484 0 0
shareholder
MORGAN STANLEY & CO. Foreign
0.67% 4,620,321 0 0
INTERNATIONAL PLC shareholder
Foreign
NORGES BANK 0.66% 4,511,246 0 0
shareholder
BBH A/C VANGUARD EMERGING Foreign
MARKETS STOCK INDEX FUND
0.56% 3,846,587 0 0
shareholder
FIDELITY CHINA SPECIAL Foreign
0.55% 3,779,202 0 0
SITUATIONS PLC shareholder
Foreign
FIDELITY FUNDS 0.53% 3,644,429 0 0
shareholder
GREENWOODS CHINA ALPHA Foreign
MASTER FUND
0.52% 3,588,951 0 0
shareholder
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
4
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
shares held share
YANTAI CHANGYU GROUP COMPANY LIMITED 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 9,913,484 B share 9,913,484
MORGAN STANLEY & CO. INTERNATIONAL PLC 4,620,321 B share 4,620,321
NORGES BANK 4,511,246 B share 4,511,246
BBH A/C VANGUARD EMERGING MARKETS STOCK B share
INDEX FUND
3,846,587 3,846,587
FIDELITY CHINA SPECIAL SITUATIONS PLC 3,779,202 B share 3,779,202
FIDELITY FUNDS 3,644,429 B share 3,644,429
GREENWOODS CHINA ALPHA MASTER FUND 3,588,951 B share 3,588,951
Among the top 10 shareholders, Yantai Changyu Group
The explanation for the associated
Company Limited has no associated relationship or accordant
relationship and accordant action
action relationship with the other 9 listed shareholders, and the
of the top 10 shareholders
relationship among the other shareholders is unknown.
Explanation for the top 10
common shareholders who
No
involved in financing activities
and stock trading business(if any)
Whether or not the Company’s top 10 common shareholders and top 10 common shareholders with
unrestricted shares promise to buy back trading during the report period
□ Yes √ No
There is no top 10 common shareholders and top 10 common shareholders with unrestricted shares
in the Company promise to buy back trading during the report period.
2) The total number of the preferred shareholders and top 10 preferred shareholders at the end of
the report period
□Available V Not available
5
2015 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
√Available □Not available
Compared the end of the report period with the beginning of the report period, monetary capital
increases by 37.51%, mainly due to the increased returned sales money; notes receivable
increases by 241.38%, mainly due to the growth on bank acceptances; account receivables
increases by 30.34%, mainly due to the expansion of Company’s direct-selling business and
increase of clients’ sales amount on credit; interest receivable increases by 37.33%, mainly due
to increased interest receivables on deposit; advance payment increases by 75.27%, mainly due
to the growth of advances on sales from clients. During the report period, sales revenue
increases by 20.99% on a year-on-year basis, mainly due to increased sales volume of products,
especially middle-end dry wine products; selling expense increases by 26.93% on a year-on-
year basis, mainly due to the expansion of direct-selling business; financial expense increases by
40.85% on a year-on-year basis, mainly due to the decline in the income of interest on deposit.
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
Commitment Commitment Commitment Implement
Commitments Commitment content
Party time period ation
Commitments at share
- － - - -
reform
Commitments made in
acquisition report or - - - -
equity changes report
Commitments at asset
- - - -
restructuring
Non Intra-industry Has been
1997.05.18 Permanent
competition performed
According to
"Trademark License
Yantai Contract", the Company
Commitments at the
Changyu will pay trademark
initial public offering
Group Co., Ltd royalty for the Has been
or refinancing 1997.05.18 Forever
"Changyu"products of performed
Yantai Changyu Group
Co., Ltd every year,
Yantai Changyu Group
Co., Ltd will use
6
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
trademark to advertise
Changyu trademarks
and the Contract
products.
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
4. Forecast on the operating performance in the period from January to June of 2015
Warning and explanation for the estimation on the possible loss of cumulative net profit in the
period from the beginning of this year to the end of the next report period or the great change
comparing with same period of last year.
□Available V Not available
5. The situation of security investment
□Available V Not available
There is no security investment during the report period.
6. Explanation for the situation of holding other listed company’s shareholding
□Available V Not available
There is no holding other listed company’s shareholding during the report period.
7. The situation of derivative investment
□Available V Not available
There is no derivative investment during the report period.
8. The activities registration form of receptions, communication and interview etc. during the
report period
□Available V Not available
There is no activities of receptions, communication and interview etc. during the report period.
7
2015 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 2015 At 31 December 2014
Current assets：
Monetary fund 1,574,940,993 1,145,365,071
Financial assets which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes receivable 472,187,453 138,315,319
Account receivable 189,865,830 145,672,411
Advance money 8,200,711 8,073,786
Interest receivable 4,970,565 3,619,429
Dividend receivable
Other account receivable 47,371,822 31,362,302
Inventories 1,890,603,447 2,087,376,398
Assets held for sale
Non-current assets due within
one year
Other curren t assets 18,829,681 29,662,076
Total current assets 4,206,970,502 3,589,446,792
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment
Real estate for investment
fixed assets 2,523,345,907 2,532,682,355
Construction in progress 1,919,140,288 1,700,466,500
Project material
Liquidation of fixed assets
Biological assets for
production 150,724,726 151,723,241
Oil and gas assets
Intangible assets 450,281,643 452,951,194
8
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Development expenditure
Goodwill 13,112,525 13,112,525
Long-term deferred expenses 212,017,621 201,911,605
Assets of deferred income tax 227,915,405 254,186,823
Other non-current assets 15,751,605 15,751,605
Total non-current assets 5,512,289,720 5,322,785,848
Total assets 9,719,260,222 8,912,232,640
Current liabilities:
Short-term loan 300,000,000 300,000,000
Financial liabilities which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes payable 10,000,000 10,000,000
Accounts payable 448,755,177 357,811,822
Advance money 377,058,303 215,127,598
Wage payable 129,137,912 158,948,592
Tax payable 51,900,227 87,504,048
Interest payable 3,325,716 3,475,641
dividend payable
Other accounts payable 576,876,935 469,804,317
Liabilities held for sale
Non-current liabilities due
within one year
Other current liabilities 12,398,717 12,398,718
Total current liabilities 1,909,452,987 1,615,070,736
Non-current liabilities：
Long-term loan 200,376,800 209,380,000
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 72,925,313 76,024,992
Liabilities of deferred income tax 4,556,071 4,565,636
Other non-current liabilities 3,998,352 3,998,352
Total non-current liabilities 281,856,536 293,968,980
Total liabilities 2,191,309,523 1,909,039,716
9
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Shareholder rights and interests：
Share capital 685,464,000 685,464,000
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 563,139,042 563,139,042
Less: Inventory shares
Other comprehensive Income -8,293,893 -2,803,271
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 5,782,168,771 5,251,920,374
Total owner’s equity attributable
to parent Company 7,365,209,920 6,840,452,145
Minority interests 162,740,779 162,740,779
Total owner's equity 7,527,950,699 7,003,192,924
Total liabilities and owner's equity 9,719,260,222 8,912,232,640
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
10
2015 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 2015 At 31 December 2014
Current assets：
Monetary fund 407,764,203 496,138,263
Financial assets which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes receivable 281,063,659 98,158,251
Account receivable 1,516,518
Advance money 914,047 1,710,787
Interest receivable 4,970,565 3,580,811
Dividend receivable 402,596,884 402,596,884
Other account receivable 4,714,579,104 4,708,836,276
Inventories 630,209,703 681,696,774
Assets held for sale
Non-current assets due within
one year
Other current assets 10,347,112 14,996,807
Total current assets 6,452,445,277 6,409,231,371
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-te
rm equity investment 1,093,437,027 1,093,437,027
Real estate for investment
fixed assets 395,176,137 403,210,655
Construction in progress 98,189 182,765
Project material
Liquidation of fixed assets
Biological assets for
production 92,168,055 83,631,722
Oil and gas assets
Intangible assets 76,165,890 76,760,678
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 22,517,566 27,053,571
Other non-current assets
11
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total non-current assets 1,679,562,864 1,684,276,418
Total assets 8,132,008,141 8,093,507,789
Current liabilities:
Short-term loan 300,000,000 300,000,000
Financial liabilities which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes payable
Accounts payable 184,284,955 228,052,722
Advance money
Wage payable 62,839,149 70,233,251
Tax payable 26,115,327 18,205,124
Interest payable 3,325,716 3,475,641
dividend payable
Other accounts payable 1,082,843,139 1,030,604,819
Liabilities held for sale
Non-current liabilities due
within one year
Other current liabilities 3,017,898 3,017,898
Total current liabilities 1,662,426,184 1,653,589,455
Non-current liabilities：
Long-term loan 200,376,800 209,380,000
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 21,993,440 22,747,915
Liabilities of deferred income tax
Other non-current liabilities 1,895,828 1,895,828
Total non-current liabilities 224,266,068 234,023,743
Total liabilities 1,886,692,252 1,887,613,198
Shareholder rights and interests：
Share capital 685,464,000 685,464,000
Other equity instrument
Including: preferred stock
Perpetual capital securities
12
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Capital public reserve 557,222,454 557,222,454
Less: Inventory shares
Other comprehensive Income
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 4,659,897,435 4,620,476,137
Total owner’s equity attributable
to parent Company
Minority interests
Total owner's equity 6,245,315,889 6,205,894,591
Total liabilities and owner's equity 8,132,008,141 8,093,507,789
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
13
2015 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 2015 March 2014
I. Sales Revenue 1,825,212,207 1,508,515,994
less：Cost of sales 602,400,431 469,058,043
Tax and levies on operations 90,171,910 89,008,026
Selling and distribution expenses 378,802,990 298,441,169
General and administrative expenses 62,252,665 58,147,083
Finance expenses -6,888,723 -11,647,090
Impairment losses of Assets
Add：Gains on increase in fair value of assets
Investment income
Incl. Investment income from affiliates
II. Operating profit 698,472,934 605,508,763
Add：Non-operating income 4,486,099 3,417,162
Including: Disposal earnings of non-current asset
Less：Non-operating expenses 12,706 6,982
Incl. Losses from disposal of non-current assets
III. Total Profit before Taxation 702,946,327 608,918,943
Less：Income tax 172,697,930 151,396,292
IV.Net profit after Taxation 530,248,397 457,522,651
Net profit attributable to Parent company 530,248,397 457,522,651
Net profit attributable to Minority interest
V. Net after-tax of other comprehensive income -5,490,622
Net after-tax of other comprehensive income
attributable to owners of parent company -5,490,622
(I) Other comprehensive income items which will
not be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which will
be reclassified subsequently to profit or loss -5,490,622
1. Share of the other comprehensive income of the
investee accounted for using equity method which
will be reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair value
of available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
14
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
financial assets
4. The effect hedging portion of gains or losses
arising from cash flow hedging instruments
5. Translation differences arising on translation of
foreign currency financial statements -5,490,622
6. Other
Net after-tax of other comprehensive income
attributable to minority shareholders
VI. Total comprehensive income 524,757,775 457,522,651
Total comprehensive income attributable to owners
of parent Company 524,757,775 457,522,651
Total comprehensive income attributable to minority
shareholders
VII. Earnings per share:
(i) Basic earnings per share 0.77 0.67
(ii) Diluted earnings per share 0.77 0.67
During this report period, the issue relates to company consolidation under common control, consolidated party completes net profit
amount of CNY 0 before being consolidated, and consolidated party completes net profit amount of CNY 0 in the same period of last
year.
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
15
2015 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 2015 March 2014
I.Sales Revenue 450,781,749 400,540,963
less：Cost of sales 349,541,377 319,026,288
Tax and levies on operations 48,892,624 48,514,935
Selling and distribution expenses
General and administrative expenses 27,804,156 26,741,551
Finance expenses -17,412,991 -12,343,282
Impairment losses of Assets
Add：Gains on increase in fair value of assets
Investment income
Incl. Investment income from affiliates
II.Operating profit 48,726,869 68,601,471
Add：Non-operating income 1,578,100 687,088
Including: Disposal earnings of non-current asset
Less：Non-operating expenses
Incl. Losses from disposal of non-current assets
III.Total Profit 50,304,969 69,288,559
Less：Income tax 10,883,671 4,822,140
IV.Net profit 39,421,298 64,466,419
Net profit attributable to Parent company
Net profit attributable to Minority interest
V. Net after-tax of other comprehensive income
Net after-tax of other comprehensive income
attributable to owners of parent company
(I) Other comprehensive income items which will
not be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which will
be reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
investee accounted for using equity method which
will be reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair value
of available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
16
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
financial assets
4. The effect hedging portion of gains or losses
arising from cash flow hedging instruments
5. Translation differences arising on translation of
foreign currency financial statements
6. Other
Net after-tax of other comprehensive income
attributable to minority shareholders
VI. Total comprehensive income 39,421,298 64,466,419
Total comprehensive income attributable to owners
of parent Company
Total comprehensive income attributable to minority
shareholders
VII. Earnings per share:
(i) Basic earnings per share 0.06 0.09
(ii) Diluted earnings per share 0.06 0.09
Legal representative: Sun Liqiang
Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
17
2015 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 2015 31 March 2014
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 1,808,838,404 1,668,942,443
Tax refund received
Other cash received related to operating activities 5,773,600 2,478,306
Subtotal of cash flows of operating activities 1,814,612,004 1,671,420,749
Cash paid for goods and services 260,654,494 213,166,230
Cash paid to and on behalf of employees 116,601,340 93,307,996
Cash paid for taxes and expenses 525,095,241 441,405,465
Other cash paid related to operating activities 214,864,602 217,033,835
Sub-total of cash outflows of operating activities 1,117,215,677 964,913,526
Net cash flow from operating activities 697,396,327 706,507,223
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 4,795,537 141,149,047
Cash received from obtaining investment profit
Cash received from interest income 156,135 3,787,847
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 4,951,672 144,936,894
Cash paid to acquire fixed assets, intangible assets and other
long-term assets 257,537,234 207,206,059
Fixed deposit with the term of over 3 months 21,097,760
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 257,537,234 228,303,819
Net cash flow from investing activities -252,585,562 -83,366,925
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 finaning activities
Subtotal cash flows of financing activities
Cash paid to pay debts
18
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid to distribute dividend, profit or pay interest 5,655,312
Including: dividend and profit paid to minority shareholders
by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 5,655,312
Net cash flow from financing activites -5,655,312
4. Influences of exchange rate fluctuation on cash and cash
equivalents -4,788,900
5. Net Increase in cash and cash equivalents 434,366,553 623,140,298
Add: balance at the beginning of the period of cash and
cash equivalents 960,472,274 956,558,932
6.Balance at the end of the period of cash and cash
equivalents 1,394,838,827 1,579,699,230
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
19
2015 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
Item
March 2015 31 March 2014
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 162,288,723 321,579,341
Tax refund received
Other cash received related to operating activities 21,820,787 12,063,481
Subtotal of cash flows of operating activities 184,109,510 333,642,822
Cash paid for goods and services 127,692,870 140,455,443
Cash paid to and on behalf of employees 43,975,135 45,319,498
Cash paid for taxes and expenses 76,313,505 80,131,374
Other cash paid related to operating activities 12,432,398 94,727,861
Sub-total of cash outflows of operating activities 260,413,908 360,634,176
Net cash flow from operating activities -76,304,398 -26,991,354
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 4,795,537 141,149,047
Cash received from obtaining investment profit 6,770,286 50,000,000
Cash received from interest income 156,135 3,787,847
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 11,721,958 194,936,894
Cash paid to acquire fixed assets, intangible assets and other
long-term assets 13,345,676 14,775,565
Fixed deposit with the term of over 3 months 21,097,760
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 13,345,676 35,873,325
Net cash flow from investing activities -1,623,718 159,063,569
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 5,655,312
20
2015 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Including: dividend and profit paid to minority shareholders
by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 5,655,312
Net cash flow from financing activites -5,655,312
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents -83,583,428 132,072,215
Add: balance at the beginning of the period of cash and
cash equivalents 333,245,466 197,150,989
6.Balance at the end of the period of cash and cash
equivalents 249,662,038 329,223,204
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 first quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
30th April 2015
21
