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.
8
2016 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. 2016.03.31 Unit: CNY
Item At 31 March 2016 At 31 December 2015
Current assets：
Monetary fund 1,995,815,223 1,285,362,414
Financial assets which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes receivable 345,165,151 113,988,122
Account receivable 252,068,992 197,795,091
Advance money 2,827,464 3,591,098
Interest receivable 9,308,401 8,019,338
Dividend receivable
Other account receivable 40,775,106 46,146,487
Inventories 1,721,974,673 2,260,852,964
Assets held for sale
Non-current assets due within
one year
Other current assets 38,722,148 48,449,551
Total current assets 4,406,657,158 3,964,205,065
Non-current assets：
Financial assets for sale 344,637 402,814
Investment held to expiration
Long-term account receivable
Long-term equity investment
Real estate for investment
fixed assets 3,073,332,738 3,089,245,185
Construction in progress 2,359,779,470 2,005,990,308
Project material
Liquidation of fixed assets
Biological assets for
204,042,233 192,198,283
production
Oil and gas assets
Intangible assets 460,644,051 463,899,916
9
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Development expenditure
Goodwill 124,857,479 105,504,426
Long-term deferred expenses 178,553,851 175,124,167
Assets of deferred income tax 275,903,680 302,406,656
Other non-current assets 17,137,746 45,234,641
Total non-current assets 6,694,595,885 6,380,006,396
Total assets 11,101,253,043 10,344,211,461
Current liabilities:
Short-term loan 676,506,575 665,581,921
Financial liabilities which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes payable 18,830,000 29,000,000
Accounts payable 346,048,607 569,278,368
Advance money 327,453,292 234,566,504
Wage payable 158,304,383 190,239,451
Tax payable 15,982,078 41,285,107
Interest payable 1,000,865 977,304
dividend payable
Deferred income 11,181,873 11,241,873
Other accounts payable 608,359,943 509,226,395
Liabilities held for sale
Non-current liabilities due
158,089,650 156,335,647
within one year
Other current liabilities
Total current liabilities 2,321,757,266 2,407,732,570
Non-current liabilities：
Long-term loan 74,976,921 71,686,629
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable 285,000,000
Long-term wages payable
Special accounts payable
Deferred income 70,232,145 69,836,411
Liabilities of deferred income tax 33,666,605 34,350,349
Other non-current liabilities 4,047,476 4,047,476
Total non-current liabilities 467,923,147 179,920,865
Total liabilities 2,789,680,413 2,587,653,435
10
2016 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 565,955,441 565,955,441
Less: Inventory shares
Other comprehensive Income 239,045 -10,442,512
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 6,523,196,793 5,980,390,074
Total owner’s equity attributable
8,117,587,279 7,564,099,003
to parent Company
Minority interests 193,985,351 192,459,023
Total owner's equity 8,311,572,630 7,756,558,026
Total liabilities and owner's equity 11,101,253,043 10,344,211,461
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2)、Balance sheet of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
Item At 31 March 2016 At 31 December 2015
Current assets：
Monetary fund 475,587,330 280,818,833
Financial assets which are
measured by fair value and which
changes are recorded in current
profit and loss
Derivative financial liability
Notes receivable 154,299,349 38,429,319
Account receivable 0 2,392,870
Advance money 518,811 445,619
Interest receivable 9,308,401 8,019,338
Dividend receivable 0 788,092,349
Other account receivable 5,761,780,316 5,734,456,129
Inventories 658,219,597 728,173,107
Assets held for sale
Non-current assets due within
one year
Other current assets 17,610,141 22,700,317
11
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total current assets 7,077,323,945 7,603,527,881
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 1,423,725,152 1,423,725,152
Real estate for investment 0 0
fixed assets 364,683,698 369,506,014
Construction in progress 7,722,287 7,990,777
Project material
Liquidation of fixed assets
Biological assets for
119,393,508 110,961,189
production
Oil and gas assets
Intangible assets 73,786,737 74,381,525
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 31,004,994 37,938,692
Other non-current assets
Total non-current assets 2,020,316,376 2,024,503,349
Total assets 9,097,640,321 9,628,031,230
Current liabilities:
Short-term loan 600,742,615 601,297,447
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 177,475,015 273,091,182
Advance money 0 0
Wage payable 62,736,080 71,058,615
Tax payable 9,732,973 19,331,311
Interest payable 1,000,865 977,304
Deferred income 1,767,054 1,767,054
dividend payable
Other accounts payable 61,852,045 994,821,281
Liabilities held for sale 0 0
Non-current liabilities due
126,661,600 127,345,600
within one year
12
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other current liabilities
Total current liabilities 1,041,968,247 2,089,689,794
Non-current liabilities：
Long-term loan 58,649,600 56,761,600
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 21,378,190 21,824,352
Liabilities of deferred income tax
Other non-current liabilities 1,944,955 1,944,955
Total non-current liabilities 81,972,745 80,530,907
Total liabilities 1,123,940,992 2,170,220,701
Shareholder rights and interests：
Share capital 685,464,000 685,464,000
Other equity instrument
Including: preferred stock
Perpetual capital securities
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 6,388,280,875 5,872,392,075
Total owner’s equity attributable
to parent Company
Minority interests
Total owner's equity 7,973,699,329 7,457,810,529
Total liabilities and owner's equity 9,097,640,321 9,628,031,230
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
13
2016 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
Mar 2016 Mar 2015
1. Total business income 1,882,230,620 1,825,212,207
Including : Business income 1,882,230,620 1,825,212,207
2. Total business cost 1,167,560,487 1,126,739,273
Including：Business cost 605,388,600 602,400,431
Business tax and associate charges 97,663,734 90,171,910
Sales expenses 390,313,786 378,802,990
Management expenses 69,048,398 62,252,665
Financial expenses 5,145,969 -6,888,723
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 "-") 714,670,133 698,472,934
Add: Non-operating income 5,214,481 4,486,099
Including: Disposal earnings of non-current asset 94,567 0
Less: non-operating expenditures 158,857 12,706
Including: non-current assets disposing loss 21,839 0
4. Total profit (loss is listed with "-") 719,725,757 702,946,327
Less: income tax expenses 176,813,048 172,697,930
5. Net profit (net loss is listed with "-") 542,912,709 530,248,397
Net profit of parent company's owners 542,806,719 530,248,397
Minority shareholder profit and loss 105,990 0
6. Net after-tax of other comprehensive income 11,045,624 -5,490,622
Net after-tax of other comprehensive income
attributable to owners of parent company 10,681,557 -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 10,681,557 -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
14
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
of available-for-sale financial assets
3). Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale
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
10,681,557 -5,490,622
6). Other
Net after-tax of other comprehensive income
attributable to minority shareholders 364,067
7. Total comprehensive income 553,958,333 524,757,775
Total comprehensive income attributable to owners
of parent Company
553,488,276 524,757,775
Total comprehensive income attributable to minority
shareholders 470,057
8. Earnings per share:
(i) Basic earnings per share 0.79 0.77
(ii) Diluted earnings per share 0.79 0.77
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
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 429,102,315 450,781,749
less：Cost of sales 323,773,053 349,541,377
Tax and levies on operations 47,351,215 48,892,624
Selling and distribution expenses
Management expenses 39,984,821 27,804,156
Finance expenses 6,317,441 -17,412,991
Impairment losses of Assets
Add：Gains on increase in fair value of assets
Investment income 506,737,526 6,770,286
Incl. Investment income from affiliates
II.Operating profit 518,413,311 48,726,869
Add：Non-operating income 562,752 1,578,100
Including: Disposal earnings of non-current asset 94,567
Less：Non-operating expenses 36,839
Incl. Losses from disposal of non-current assets 21,839
15
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III.Total Profit 518,939,224 50,304,969
Less：Income tax 3,050,424 10,883,671
IV.Net profit 515,888,800 39,421,298
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
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 515,888,800 39,421,298
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 0.75 0.06
(ii) Diluted earnings per share 0.75 0.06
Legal representative: Sun Liqiang
Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
16
2016 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 2016 31 March 2015
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 1,852,141,728 1,808,838,404
Tax refund received 1,092,133
Other cash received related to operating activities 5,343,373 5,773,600
Subtotal of cash flows of operating activities 1,858,577,234 1,814,612,004
Cash paid for goods and services 444,239,863 260,654,494
Cash paid to and on behalf of employees 127,947,911 116,601,340
Cash paid for taxes and expenses 482,676,851 525,095,241
Other cash paid related to operating activities 198,456,153 214,864,602
Sub-total of cash outflows of operating activities 1,253,320,778 1,117,215,677
Net cash flow from operating activities 605,256,456 697,396,327
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 6,000,000 4,795,537
Cash received from obtaining investment profit 21,433 156,135
Cash received from interest income
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 231,240
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 6,252,673 4,951,672
Cash paid to acquire fixed assets, intangible assets and other
long-term assets 172,593,131 257,537,234
Fixed deposit with the term of over 3 months 7,007,000
Cash for investment
Net cash paid to acquire branch and other business unit 760,824
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 180,360,955 257,537,234
Net cash flow from investing activities -174,108,282 -252,585,562
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 397,881,779
Other cash received related to finaning activities
Subtotal cash flows of financing activities 397,881,779
17
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid to pay debts 101,108,029
Cash paid to distribute dividend, profit or pay interest 7,186,699 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 108,294,728 5,655,312
Net cash flow from financing activites 289,587,051 -5,655,312
4. Influences of exchange rate fluctuation on cash and cash
equivalents
252,077 -4,788,900
5. Net Increase in cash and cash equivalents 720,987,302 434,366,553
Add: balance at the beginning of the period of cash and
cash equivalents
1,092,241,661 960,472,274
6.Balance at the end of the period of cash and cash
equivalents
1,813,228,963 1,394,838,827
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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 429,685,962 162,288,723
Tax refund received
Other cash received related to operating activities 160,725 21,820,787
Subtotal of cash flows of operating activities 429,846,687 184,109,510
Cash paid for goods and services 183,441,735 127,692,870
Cash paid to and on behalf of employees 44,615,485 43,975,135
Cash paid for taxes and expenses 61,696,240 76,313,505
Other cash paid related to operating activities 1,025,733,883 12,432,398
Sub-total of cash outflows of operating activities 1,315,487,343 260,413,908
Net cash flow from operating activities -885,640,656 -76,304,398
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 6,000,000 4,795,537
Cash received from obtaining investment profit 1,097,942,213 6,926,421
Cash received from interest income
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 231,240
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 1,104,173,453 11,721,958
Cash paid to acquire fixed assets, intangible assets and other 10,535,307 13,345,676
18
2016 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
long-term assets
Fixed deposit with the term of over 3 months 7,007,000
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 17,542,307 13,345,676
Net cash flow from investing activities 1,086,631,146 -1,623,718
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 100,000,000
Other cash received related to financing activities
Subtotal cash flows of financing activities 100,000,000
Cash paid to pay debts 100,000,000
Cash paid to distribute dividend, profit or pay interest 6,857,499 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 106,857,499 5,655,312
Net cash flow from financing activites -6,857,499 -5,655,312
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents 194,132,991 -83,583,428
Add: balance at the beginning of the period of cash and
cash equivalents
143,798,080 333,245,466
6.Balance at the end of the period of cash and cash
equivalents
337,931,071 249,662,038
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 2016
19
