2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2016 Third Quarter Report
2016-Final 04
October 2016
1
2016 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 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.
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2016 the Third 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 end of the The end of last year More or less than
report period last year(%)
Total assets (CNY) 11,020,562,470.00 10,344,211,461.00 6.54%
Net Assets attributed to the
shareholders of the listed 8,046,894,118.00 7,564,099,003.00 6.24%
company (CNY)
More or less From the beginning More or
The report period than of year to the end less than
last year of the report period last year
Business income (CNY) 1,010,732,839.00 17.47% 3,763,765,638 2.10%
Net profit attributed to the
shareholders of the listed 129,748,790.00 -5.15% 824,770,637 -6.58%
company (CNY)
Net profit attributed to the
shareholders of the listed
123,011,178.00 -7.95% 801,489,499 -8.20%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
-- -- 991,065,754 -18.71%
operating activities (CNY)
Basic earnings per share
0.19 -5% 1.20 -6.98%
(CNY)
Diluted earnings per share
0.19 -5% 1.20 -6.98%
(CNY)
Weighted average for earning
-0.19% 9.59% -2.90%
rate of the net assets
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets, including
-20,083.00
the reversal of accrued impairment provision
Tax return, deduction and exemption with
unauthorized approval or no official document of 15,820,557.00
approval
Occupancy expenses of fund collected from non-
10,758,836.00
financial business and credited in profit and loss
Other non-operating income and expenses 3,714,321.00
Less: Income tax effect -6,992,493.00
Total 23,281,138.00 --
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2016 the Third 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 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
41529, in shareholders with recovered
cluding voting power at the end of
22841 A report period
Total number of common
shares
shareholders at the end of report 0
and
period
18688 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 legal
3.11% 21,300,919 0 0
person
CHINA SECURITIES State-owned
2.32% 15,924,155 0 0
FINANCE CORP legal person
BBH BOS S/A FIDELITY FD - CHINA Foreign legal
FOCUS FD 2.22% 15,241,826 0 0
person
NORGES BANK Foreign legal
0.96% 6,584,748 0 0
person
TIANAN PROPERTY Domestic
INSURANCE COMPANY non-state-
0.91% 6,269,414 0 0
LIMITED- BAOYING NO.1 owned legal
person
GUOTAI JUNAN Foreign legal
0.76% 5,221,382 0 0
SECURITIES (HONGKONG) person
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
LIMITED
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200 0 0
MANAGEMENT LTD. legal person
CHINA CONSTRUCTION Domestic
BANK- CHINA-EU YONGYU non-state-
0.58% 3,956,508 0 0
HYBRID SECURITY owned legal
INVESTMENT FUND person
CHINA GUANGFA BANK –
Domestic
CHINA-EU SHENGSHI
non-state-
GROWTH CLASSFICATION 0.57% 3,930,647 0 0
owned legal
EQUITY SECURITY
person
INVESTMENT FUND
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 15,924,155 A share 15,924,155
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
NORGES BANK 6,584,748 B share 6,584,748
TIANAN PROPERTY INSURANCE COMPANY
6,269,414 A share 6,269,414
LIMITED- BAOYING NO.1
GUOTAI JUNAN
5,221,382 B share 5,221,382
SECURITIES (HONGKONG) LIMITED
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
CHINA CONSTRUCTION BANK- CHINA-EU
YONGYU HYBRID SECURITY INVESTMENT 3,956,508 A share 3,956,508
FUND
CHINA GUANGFA BANK – CHINA-EU
SHENGSHI GROWTH CLASSFICATION EQUITY 3,930,647 A share 3,930,647
SECURITY INVESTMENT FUND
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.
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2) The total number of the preferred shareholders and top 10 preferred shareholders at the end of
the report period
□Available V Not available
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2016 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
In consolidated financial statement:
Compared the end of the report period with the beginning of the report period, interest
receivable decreased by 100%, mainly due to the reduce of bank deposit interest receivable
income; construction in process increased by 44.66%, mainly due to the increase in accumulated
investment amount of the Company’s investment projects under construction; notes payable
decreased by 38.97%, mainly due to the reduce of acceptance bill amount paid to the bank;
other payables increased by 59.93%, mainly due to the increase in payable advertising expense
and investment project fund and so on; non-current liability due within one year decreased by
69.25%, mainly due to the reduce of bank loan amount due within one year; deferred income
increased by 50.91%, mainly due to the increase in government grant amount.
Compared from January to September of 2016 with the same period last year, the non-business
income increased by 125.94%, mainly due to the increase in tax refund and government grants;
the net after-tax of other comprehensive income increased by 109.33%, mainly due to the
increase in foreign currency statements translation balance of overseas subsidiary companies
benefiting from exchange rate; cash paid for goods and services increased by 47.61%, mainly
due to the increase in purchasing production and operation materials; cash received from
acquiring loans increased by 75.58%, mainly due to the increase in the amount of bank loans;
cash paid to pay debts increased by 273.35%, which due to the increase in the amount of
repayment of bank loans.
The business cost from July to September of 2016 had a year-over-year growth of 33.80%,
which is mainly caused by consolidating Dicot Group into the financial statements.
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
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
report or
equity
changes
report
Commitments
at asset - - - -
restructuring
Yantai Solve
Changyu horizontal
Non-horizontal Has been
Group Co., competition 1997.05.18 Permanent
competition performed
Ltd
Permission to According to
use intangible "Trademark
assets 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
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
completed,
specific
reasons of not
completing
the
implementati
on and the
next step
4. Forecast on the operating performance in 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.
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2016 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. 2016.09.30 Unit: CNY
Assets At 30 September 2016 At 31 December 2015
Current assets：
Monetary fund 1,469,286,073.00 1,285,362,414.00
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 109,459,835.00 113,988,122.00
Account receivable 194,924,910.00 197,795,091.00
Advance money 5,482,775.00 3,591,098.00
Interest receivable 0.00 8,019,338.00
Dividend receivable
Other account receivable 53,435,022.00 46,146,487.00
Inventories 1,910,732,810.00 2,260,852,964.00
Assets held for sale
Non-current assets due within
one year
Other current assets 65,192,970.00 48,449,551.00
Total current assets 3,808,514,395.00 3,964,205,065.00
Non-current assets：
Financial assets for sale 352,030.00 402,814.00
Investment held to expiration
Long-term account
receivable
Long-term equity investment
Real estate for investment
Fixed assets 3,049,917,360.00 3,089,245,185.00
Construction in progress 2,901,943,065.00 2,005,990,308.00
Project material 0.00 0.00
Liquidation of fixed assets
Biological assets for
214,653,810.00 192,198,283.00
production
Oil and gas assets
Intangible assets 454,225,055.00 463,899,916.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Development expenditure
Goodwill 119,486,579.00 105,504,426.00
Long-term deferred expenses 191,660,288.00 175,124,167.00
Assets of deferred income tax 262,672,142.00 302,406,656.00
Other non-current assets 17,137,746.00 45,234,641.00
Total non-current assets 7,212,048,075.00 6,380,006,396.00
Total assets 11,020,562,470.00 10,344,211,461.00
Current liabilities:
Short-term loan 567,333,562.00 665,581,921.00
Financial liabilities which
are measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes payable 17,700,000.00 29,000,000.00
Accounts payable 447,063,313.00 569,278,368.00
Advance money 265,549,368.00 234,566,504.00
Wage payable 144,300,101.00 190,239,451.00
Tax payable -32,546,823.00 41,285,107.00
Interest payable 0.00 977,304.00
dividend payable
Other accounts payable 814,423,095.00 509,226,395.00
Liabilities held for sale
Non-current liabilities due
48,080,693.00 156,335,647.00
within one year
Other current liabilities 11,381,873.00 11,241,873.00
Total current liabilities 2,283,285,182.00 2,407,732,570.00
Non-current liabilities：
Long-term loan 48,851,915.00 71,686,629.00
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable 305,000,000.00
Long-term wages payable
Special accounts payable
Deferred income 105,390,690.00 69,836,411.00
Liabilities of deferred
33,179,308.00 34,350,349.00
income tax
Other non-current liabilities 4,047,476.00 4,047,476.00
Total non-current liabilities 496,469,389.00 179,920,865.00
Total liabilities 2,779,754,571.00 2,587,653,435.00
Shareholder rights and
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
interests：
Share capital 685,464,000.00 685,464,000.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 565,955,441.00 565,955,441.00
Less: Inventory shares
Other comprehensive Income -9,686,034.00 -10,442,512.00
Reasonable reserve
Surplus reserve 342,732,000.00 342,732,000.00
Provision of general risk
Retained profit 6,462,428,711.00 5,980,390,074.00
Total owner’s equity attributable
8,046,894,118.00 7,564,099,003.00
to parent Company
Minority interests 193,913,781.00 192,459,023.00
Total owner's equity 8,240,807,899.00 7,756,558,026.00
Total liabilities and owner's
11,020,562,470.00 10,344,211,461.00
equity
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
Assets At 30 September 2016 At 31 December 2015
Current assets：
Monetary fund 256,392,807.00 280,818,833.00
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 16,892,548.00 38,429,319.00
Account receivable 0.00 2,392,870.00
Advance money 2,407,631.00 445,619.00
Interest receivable 0.00 8,019,338.00
Dividend receivable 0.00 788,092,349.00
Other account receivable 5,755,926,763.00 5,734,456,129.00
Inventories 749,630,630.00 728,173,107.00
Assets held for sale
Non-current assets due within
one year
Other current assets 20,722,043.00 22,700,317.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Total current assets 6,801,972,422.00 7,603,527,881.00
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account
receivable
Long-term equity investment 1,834,339,122.00 1,423,725,152.00
Real estate for investment 0.00 0.00
Fixed assets 356,194,620.00 369,506,014.00
Construction in progress 6,014,987.00 7,990,777.00
Project material 0.00 0.00
Liquidation of fixed assets 0.00 0.00
Biological assets for
125,296,144.00 110,961,189.00
production
Oil and gas assets 0.00 0.00
Intangible assets 72,597,161.00 74,381,525.00
Development expenditure 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 0.00 0.00
Assets of deferred income tax 35,029,560.00 37,938,692.00
Other non-current assets 0.00 0.00
Total non-current assets 2,429,471,594.00 2,024,503,349.00
Total assets 9,231,444,016.00 9,628,031,230.00
Current liabilities:
Short-term loan 500,000,000.00 601,297,447.00
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 145,375,074.00 273,091,182.00
Advance money 0.00 0.00
Wage payable 64,174,130.00 71,058,615.00
Tax payable -551,897.00 19,331,311.00
Interest payable 0.00 977,304.00
dividend payable 0.00 0.00
Other accounts payable 366,105,010.00 994,821,281.00
Liabilities held for sale 0.00 0.00
Non-current liabilities due
44,928,000.00 127,345,600.00
within one year
Other current liabilities 1,767,054.00 1,767,054.00
Total current liabilities 1,121,797,371.00 2,089,689,794.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Non-current liabilities：
Long-term loan 56,761,600.00
Bond payable
Including: preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 20,336,263.00 21,824,352.00
Liabilities of deferred
income tax
Other non-current liabilities 1,944,955.00 1,944,955.00
Total non-current liabilities 22,281,218.00 80,530,907.00
Total liabilities 1,144,078,589.00 2,170,220,701.00
Shareholder rights and
interests：
Share capital 685,464,000.00 685,464,000.00
Other equity instrument 0.00 0.00
Including: preferred stock 0.00 0.00
Perpetual capital securities 0.00 0.00
Capital public reserve 557,222,454.00 557,222,454.00
Less: Inventory shares 0.00 0.00
Other comprehensive Income 0.00 0.00
Reasonable reserve 0.00 0.00
Surplus reserve 342,732,000.00 342,732,000.00
Provision of general risk
Retained profit 6,501,946,973.00 5,872,392,075.00
Total owner's equity 8,087,365,427.00 7,457,810,529.00
Total liabilities and owner's
9,231,444,016.00 9,628,031,230.00
equity
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
3)、Consolidated profit statement during the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2016 2015
1. Total business income 1,010,732,839.00 860,434,812.00
Including : Business income 1,010,732,839.00 860,434,812.00
2. Total business cost 844,198,855.00 682,081,799.00
Including：Business cost 333,864,479.00 249,515,941.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Business tax and associate charges 61,035,668.00 63,187,225.00
Sales expenses 375,213,789.00 297,952,014.00
Management expenses 63,948,763.00 58,080,802.00
Financial expenses 10,136,156.00 13,345,817.00
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 "-") 166,533,984.00 178,353,013.00
Add: Non-operating income 9,067,280.00 4,924,080.00
Including: Disposal earnings of non-current asset
Less: non-operating expenditures 383,399.00 1,031,322.00
Including: non-current assets disposing loss 4,598.00
4. Total profit (loss is listed with "-") 175,217,865.00 182,245,771.00
Less: income tax expenses 45,167,011.00 45,447,562.00
5. Net profit (net loss is listed with "-") 130,050,854.00 136,798,209.00
Net profit of parent company's owners 129,748,790.00 136,798,209.00
Minority shareholder profit and loss 302,064.00 0.00
6. Net after-tax of other comprehensive income -6,479,357.00 1,761,358.00
Net after-tax of other comprehensive income
-5,493,441.00 1,761,358.00
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
-5,493,441.00 1,761,358.00
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
-5,493,441.00 1,761,358.00
foreign currency financial statements
6). Other
Net after-tax of other comprehensive income -985,916.00 0.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
attributable to minority shareholders
7. Total comprehensive income 123,571,497.00 138,559,567.00
Total comprehensive income attributable to owners
124,255,349.00 138,559,567.00
of parent Company
Total comprehensive income attributable to minority
-683,852.00
shareholders
8. Earnings per share:
(i) Basic earnings per share 0.19 0.20
(ii) Diluted earnings per share 0.19 0.20
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 during the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2016 2015
1. Business income 294,628,902.00 291,897,847.00
Less： Business cost 228,032,632.00 241,514,316.00
Business tax and associate charges 30,216,123.00 29,809,401.00
Sales expenses
Management expenses 24,357,373.00 19,080,677.00
Financial expenses 11,513,117.00 12,852,778.00
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 281,433,572.00 165,805,888.00
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 281,943,229.00 154,446,563.00
Add: non-operating income 656,267.00 1,010,174.00
Including: Disposal earnings of non-current asset 94,567.00
Less: non-operating expenditures 294,672.00 241,565.00
Including: non-current assets disposing loss 490.00 855.00
3. Total profit (loss is listed with "-") 282,304,824.00 155,215,172.00
Less: income tax expenses 217,814.00 -2,647,679.00
4. Net profit (net loss is listed with "-") 282,087,010.00 157,862,851.00
5. Net after-tax of other comprehensive income
(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
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
6. Total comprehensive income 282,087,010.00 157,862,851.00
7. Earnings per share:
(i) Basic earnings per share 0.41 0.23
(ii) Diluted earnings per share 0.41 0.23
5)、Consolidated profit statement from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2016 2015
1. Total business income 3,763,765,638.00 3,686,228,062.00
Including : Business income 3,763,765,638.00 3,686,228,062.00
2. Total business cost 2,684,436,063.00 2,524,530,583.00
Including：Business cost 1,236,598,583.00 1,182,038,684.00
Business tax and associate charges 214,117,460.00 203,798,313.00
Sales expenses 1,025,951,023.00 951,377,530.00
Management expenses 186,644,608.00 177,851,142.00
Financial expenses 21,124,389.00 9,464,914.00
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
17
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3. Operating profit (loss is listed with "-") 1,079,329,575.00 1,161,697,479.00
Add: Non-operating income 31,000,806.00 13,720,914.00
Including: Disposal earnings of non-current asset 94,567.00 2,985.00
Less: non-operating expenditures 727,175.00 1,385,273.00
Including: non-current assets disposing loss 114,650.00 1,564.00
4. Total profit (loss is listed with "-") 1,109,603,206.00 1,174,033,120.00
Less: income tax expenses 283,882,492.00 291,174,663.00
5. Net profit (net loss is listed with "-") 825,720,714.00 882,858,457.00
Net profit of parent company's owners 824,770,637.00 882,858,457.00
Minority shareholder profit and loss 950,077.00 0.00
6. Net after-tax of other comprehensive income 222,397.00 -2,383,633.00
Net after-tax of other comprehensive income
756,478.00 -2,383,633.00
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
756,478.00 -2,383,633.00
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
756,478.00 -2,383,633.00
foreign currency financial statements
6). Other
Net after-tax of other comprehensive income
-534,081.00
attributable to minority shareholders
7. Total comprehensive income 825,943,111.00 880,474,824.00
Total comprehensive income attributable to owners
825,527,115.00 880,474,824.00
of parent Company
Total comprehensive income attributable to minority
415,996.00
shareholders
8. Earnings per share:
(i) Basic earnings per share 1.20 1.29
(ii) Diluted earnings per share 1.20 1.29
18
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
6)、Profit statement of parent company from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Sep Nine months ended 30 Sep
Item
2016 2015
1. Business income 949,927,902.00 980,951,076.00
Less： Business cost 729,345,231.00 789,900,152.00
Business tax and associate charges 103,617,979.00 105,768,887.00
Sales expenses
Management expenses 79,384,545.00 76,796,243.00
Financial expenses 29,763,533.00 5,811,231.00
Assets depreciation loss
Add: fair value charge profit (loss is listed with "-
")
Investment profit (loss is listed with "-") 965,325,025.00 212,576,174.00
Including: investment profit for joint-run business
and joint venture
2. Operating profit (loss is listed with "-") 973,141,639.00 215,250,737.00
Add: non-operating income 1,797,395.00 4,168,595.00
Including: Disposal earnings of non-current asset 94,567.00
Less: non-operating expenditures 331,511.00 542,654.00
Including: non-current assets disposing loss 22,328.00 855.00
3. Total profit (loss is listed with "-") 974,607,523.00 218,876,678.00
Less: income tax expenses 2,320,625.00 1,575,126.00
4. Net profit (net loss is listed with "-") 972,286,898.00 217,301,552.00
5. Net after-tax of other comprehensive income
(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
19
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
6. Total comprehensive income 972,286,898.00 217,301,552.00
7. Earnings per share:
(i) Basic earnings per share 1.42 0.32
(ii) Diluted earnings per share 1.42 0.32
7)、Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended
Item
September 2016 30 September 2015
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 3,719,438,063.00 3,686,172,658.00
Tax refund received 17,604,409.00
Other cash received related to operating activities 32,427,926.00 13,703,183.00
Subtotal of cash flows of operating activities 3,769,470,398.00 3,699,875,841.00
Cash paid for goods and services 830,439,785.00 562,603,094.00
Cash paid to and on behalf of employees 336,707,087.00 275,218,502.00
Cash paid for taxes and expenses 939,380,988.00 1,036,869,330.00
Other cash paid related to operating activities 671,876,784.00 605,950,591.00
Sub-total of cash outflows of operating activities 2,778,404,644.00 2,480,641,517.00
Net cash flow from operating activities 991,065,754.00 1,219,234,324.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 16,007,000.00 37,245,259.00
Cash received from obtaining investment profit 28,483.00 1,091,331.00
Net cash received from disposal of fixed assets, intangible
258,555.00 30,300.00
assets and other long-term assets
Net cash received from disposal of branch and other
business unit
Other cash received related to investing activities
20
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Subtotal of cash flows of investment activities 16,294,038.00 38,366,890.00
Cash paid to acquire fixed assets, intangible assets and
542,967,101.00 572,289,511.00
other long-term assets
Cash paid to buy fixed deposit with the term of over 3
12,021,025.00 11,000,000.00
months
Cash for investment 500,000.00
Net cash paid to acquire branch and other business unit 762,436.00
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 555,750,562.00 583,789,511.00
Net cash flow from investing activities -539,456,524.00 -545,422,621.00
3. Cash flow from financing activities
Cash received from acquiring investment
Including: cash received from acquiring minority shareholders
investment by subsidiary
Cash received from acquiring loans 876,125,040.00 498,979,200.00
Other cash received related to financing activities 178,584,375.00
Subtotal cash flows of financing activities 1,054,709,415.00 498,979,200.00
Cash paid to pay debts 818,659,951.00 219,273,330.00
Cash paid to distribute dividend, profit or pay interest 369,159,124.00 316,787,365.00
Including: dividend and profit paid to minority
shareholders by subsidiary
Other cash paid related to financing activities 20,000,000.00
Subtotal of cash outflows of financing activities 1,207,819,075.00 536,060,695.00
Net cash flow from financing activities -153,109,660.00 -37,081,495.00
4. Influences of exchange rate fluctuation on cash and cash
7,018,097.00 -1,746,180.00
equivalents
5. Net Increase in cash and cash equivalents 305,517,667.00 634,984,028.00
Add: balance at the beginning of the period of cash and cash
1,092,241,661.00 960,472,274.00
equivalents
6.Balance at the end of the period of cash and cash equivalents 1,397,759,328.00 1,595,456,302.00
8)、Cash flow statement of parent company from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended
Item
September 2016 30 September 2015
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 734,992,794.00 746,119,787.00
Tax refund received
Other cash received related to operating activities 558,955.00 1,649,471.00
Subtotal of cash flows of operating activities 735,551,749.00 747,769,258.00
Cash paid for goods and services 494,981,314.00 355,658,742.00
Cash paid to and on behalf of employees 117,230,247.00 110,941,633.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid for taxes and expenses 110,070,539.00 147,646,342.00
Other cash paid related to operating activities 797,564,401.00 376,478,651.00
Sub-total of cash outflows of operating activities 1,519,846,501.00 990,725,368.00
Net cash flow from operating activities -784,294,752.00 -242,956,110.00
2. Cash flow from investing activities:
Cash received from return of investment 350,000.00
Withdraw of fixed deposit with the term of over 3 months 16,007,000.00 37,245,259.00
Cash received from obtaining investment profit 1,397,454,077.00 519,194,784.00
Cash received from interest income
Net cash received from disposal of fixed assets, intangible
256,440.00 30,200.00
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 1,413,717,517.00 556,820,243.00
Cash paid to acquire fixed assets, intangible assets and
23,384,289.00 26,594,493.00
other long-term assets
Cash paid for buying fixed deposit with the term of over 3
12,021,025.00 11,000,000.00
months
Cash for investment 10,613,970.00 500,000.00
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 46,019,284.00 38,094,493.00
Net cash flow from investing activities 1,367,698,233.00 518,725,750.00
3. Cash flow from financing activities
Cash received from acquiring investment
Including: cash received from acquiring minority shareholders
investment by branch
Cash received from acquiring loans 500,000,000.00 498,979,200.00
Other cash received related to financing activities 135,484,375.00
Subtotal cash flows of financing activities 635,484,375.00 498,979,200.00
Cash paid to pay debts 749,640,092.00 219,273,330.00
Cash paid to distribute dividend, profit or pay interest 364,379,781.00 316,787,365.00
Including: dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 1,114,019,873.00 536,060,695.00
Net cash flow from financing activities -478,535,498.00 -37,081,495.00
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents 104,867,983.00 238,688,145.00
Add: balance at the beginning of the period of cash and cash
143,798,080.00 333,245,466.00
equivalents
6.Balance at the end of the period of cash and cash equivalents 248,666,063.00 571,933,611.00
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2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. Audit report
Whether the third quarter report has been audited.
□Yes √No
The 3rd quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
28th October 2016
23
