2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2016 First Quarter Report
2016-Final 02
April 2016
1
2016 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, and no directors make
an objection statement to this 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
2016 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) 1,882,230,620 1,825,212,207 3.12%
Net profit attributed to the
shareholders of the listed 542,806,719 530,248,397 2.37%
company (CNY)
Net profit attributed to the
shareholders of the listed
538,762,161 526,745,613 2.28%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
605,256,456 697,396,327 -13.21%
operating activities (CNY)
Basic earnings per share
0.79 0.77 2.60%
(CNY)
Diluted earnings per share
0.79 0.77 2.60%
(CNY)
Weighted average for earning
6.93% 7.46% -0.53%
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) 11,101,253,043 10,344,211,461 7.32%
Net Assets attributed to the
shareholders of the listed 8,117,587,279 7,564,099,003 7.32%
company (CNY)
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
72,728
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, 3,887,501
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 1,095,395
3
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Less: Income tax effect 1,011,066
Total 4,044,558 --
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 number of the common shareholders and preferred shareholders with recovered voting
power as well as the shareholding of top 10 shareholders
Unit: share
Total number of preferred
Total number of common
36502 shareholders with recovered
shareholders at the end of report 0
voting power at the end of
period
report period
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
owned legal
person
GAOLING FUND,L.P. Foreign legal
3.11% 21,300,919 0
person
CHINA SECURITIES State-owned
2.33% 15,997,455 0
FINANCE CORP legal person
BBH BOS S/A FIDELITY FD - CHINA Foreign legal
FOCUS FD 2.27% 15,576,126 0
person
GREENWOODS CHINA Foreign legal
1.47% 10,082,711 0
ALPHA MASTER FUND person
GOLDEN CHINA MASTER Foreign legal
1.08% 7,389,916 0
FUND person
Foreign legal
NORGES BANK 0.96% 6,584,748 0
person
GUOTAI JUNAN
Foreign legal
SECURITIES (HONGKONG) 0.78% 5,317,307 0
person
LIMITED
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200 0
MANAGEMENT LTD. legal person
4
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
BBH A/C VANGUARD EMERGING Foreign legal
MARKETS STOCK INDEX FUND
0.55% 3,788,487 0
person
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
shares held share
YANTAI CHANGYU GROUP COMPANY LIMITED 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 21,300,919 B share 21,300,919
CHINA SECURITIES FINANCE CORP 15,997,455 A share 15,997,455
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,576,126 B share 15,576,126
GREENWOODS CHINA ALPHA MASTER FUND 10,082,711 B share 10,082,711
GOLDEN CHINA MASTER FUND 7,389,916 B share 7,389,916
NORGES BANK 6,584,748 B share 6,584,748
GUOTAI JUNAN B share
5,317,307 5,317,307
SECURITIES (HONGKONG) LIMITED
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
BBH A/C VANGUARD EMERGING MARKETS STOCK B share
INDEX FUND
3,788,487 3,788,487
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
2016 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 55.27%, mainly due to the increased returned sales money; notes receivable
increases by 202.81%, mainly due to the growth on bank acceptances; account receivables
increases by 27.44%, mainly due to the expansion of Company’s direct-selling business and
increase of clients’ sales amount on credit; inventory decreases by 23.84%, mainly due that the
sales of products result in the reduce of inventory and materials; notes payable decreases by
35.07%, mainly due that the notes payable amount is paid during the report period; accounts
payable decreases by 39.21%, mainly due that the accounts payable amount is paid during the
report period; advance receipt increases by 39.6%, mainly due to increased advance order
amount from clients.
Compared with the same period of last year, the financial expense increases by 174.7%, mainly
due to the increased interest expenditure of bank loan and the reduced interest income of bank
loan; the cash for purchasing commodities and accepting service payment increases by 70.43%,
mainly due to the payment of previous purchase amount of materials as well as the staff’s
remuneration; the subtotal of cash outflow in financing activities increases by 1814.92%, mainly
due to increased cash for repaying debt; net amount of cash flow in financing activities
increases by 5220.62%, mainly due to increased cash from loan.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available V Not available
3. The commitments that the Company, shareholders, actual controllers, purchasers,
directors, supervisors, senior executives or other related parties complete performing
during the report period and don’t complete up to the end of report period
√available □not available
Commitment Commitment Commitment Commitme Commitme Implementatio
Commitments
Party Type content nt time nt period n
Commitments
at share - －
reform
Commitments
made in
acquisition
report or - - - -
equity
changes
report
Commitments - - - -
6
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
at asset
restructuring
Yantai Solve
Changyu horizontal
Non-horizontal Has been
Group Co., competition 1997.05.18 Permanent
competition performed
Ltd
Clear the According to
purpose of "Trademark
brand royalty License
Contract", the
Company will
Commitments pay trademark
at the initial royalty for the
public "Changyu"prod
Yantai
offering or ucts of Yantai
Changyu
refinancing Changyu Group Has been
Group Co., 1997.05.18 Permanent
Co., Ltd every performed
Ltd
year, Yantai
Changyu Group
Co., Ltd will
use trademark
to advertise
Changyu
trademarks and
the Contract
products.
Equity
incentive
commitments
Commitments
made to the
minority
- - - -
shareholders
of the
Company
Commitment Yes
under timely
implementati
on or not
For No
commitments
that exceed
the time limit
and are not
completed,
specific
reasons of not
completing
the
7
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
implementati
on and the
next step
4. Forecast on the operating performance in the period from January to June of 2016
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. The situation of derivative investment
□Available V Not available
There is no derivative investment during the report period.
7. 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.
8.The situation of illegal external guarantee
□Available V Not available
There is no illegal external guarantee during the report period.
9. The situation of non-operating fund occupation of controlling shareholders and related
parties
□Available V Not available
There is no non-operating fund occupation of controlling shareholders and related parties during the
report period.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
30th April 2016
8
