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公司公告

张 裕B:2010年第一季度报告全文(英文版)2010-04-25  

						YANTAI CHANGYU PIONEER WINE COMPANY

    LIMITED

    The 1st Quarter Report of 2010

    1. Important

    1.1 The Board of Directors, board of 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 other facts the omission of which would make any statement herein

    misleading.

    1.2 No directors, supervisors or senior managers have any dissidence.

    1.3 All directors attended the Board of Directors’ meeting to deliberate this

    report.

    1.4 The 1st quarter report of 2010 has not been audited.

    1.5 The chairman of the Board of Directors Mr. Sun Liqiang, the chief

    accountant Mr. Leng Bin and the chief of accounting department Mr. Jiang

    Jianxun assure the truth and integrity of the financial and accounting

    statement in this report.2. THE BASIC INFORMATION OF THE COMPANY

    2.1 Main accountant data and Financial index

    Unit: CNY

    At the end of the

    report period

    at the end of last

    year

    More or less

    (%)

    Total assets 5,370,843,611.00 5,364,160,798.00 0.12%

    Owner’s equity attributed to

    shareholders of listing company 3,416,361,497.00 3,038,226,013.00 12.45%

    Share capital (share) 527,280,000.00 527,280,000.00 0.00%

    Net asset per share attributed to

    shareholders of listing company 6.48 5.76 12.50%

    During the

    report period

    1st quarter of

    last year

    More or less

    (%)

    Total operation revenue 1,585,142,100.00 1,257,455,017.00 26.06%

    Net profit attributed to

    shareholders of listing company 378,135,484.00 298,501,978.00 26.68%

    Net cash flow from operating

    activities 458,426,123.00 465,241,338.00 -1.46%

    Net cash flow per share from

    operating activities 0.87 0.88 -1.14%

    Basic earnings per Share 0.72 0.57 26.32%

    Diluted earnings per Share 0.72 0.57 26.32%

    Weighted average rate of net assets

    return 11.72% 10.50% 1.22%

    Weighted average rate of net assets

    return after deducting irregualr

    profit and loss

    11.72% 10.49% 1.23%

    Item for irregular profit and losss

    Unit: CNY

    Item for irregular profit and losss From Jan. 1st 2010 to end of

    report period

    Except the hedging business related to normal

    operation of the Company, the profit and loss on

    fair value from holding trading financial assets and

    liabilities, proceeds from disposition of trading

    financial assets and liabilities, and salable financial

    assets

    115,438.00

    profit and loss from other non-business activities -83,755.00

    Effect index for the income tax -7,921.00

    effect index for minority shareholders’ equity -33,509.00

    Total -9,747.00

    Information on important item of irregular profit and loss

    No2.2 The total number of the shareholders and top 10 shareholders

    with unlimited shares at the end of the report period

    Unit:share

    Total number of shareholders 14688

    The top 10 shareholders with unlimited shares

    Name of Shareholders Number of

    unlimited shares

    Type of

    shares

    YANTAI CHANGYU GROUP CO.,LTD. 52,728,000 A shares

    HTHK/CMG FSGUFP-CMG FIRST STATE CHINA

    GROWTH FD

    22,236,013 B shares

    GAO-LING FUND, L.P. 13,719,554 B shares

    BBH BOS S/A FIDELITY FD-CHINA FOCUS FD 7,399,747 B shares

    TAIKANG LIFE INSURANCE CO. LTD.

    DIVIDEND-PERSONAL DIVIDEND-

    019-FH002 SHEN

    4,622,067

    A shares

    GOVERNMENT OF SINGAPORE INV. CORP. –A/C “C” 4,511,863 B shares

    UBS (LUXEMBOURG) S.A 4,320,530 B shares

    MIRAE ASSET CHINA SOLOMON EQUITY

    INVESTMENT TRUST 1

    4,011,188

    B shares

    GF STRATEGIC SELECTIVE MIXED SECURITIES

    –ORIENTED CAPITAL FUND

    3,811,150

    A shares

    CHINA UNIVERSAL GROWTH FOCUS

    SECURITIES-ORIENTED

    CAPITAL FUND

    3,608,479

    A shares

    3. MAJOR ISSUES

    3.1 The great change and reasons on main accountant data and

    financial Index

    (√ ) not applicable

    3.2 Analysis and explanation on the situation, impact and solution of

    other major issues

    ( √ ) not applicable

    3.3 The execution of promised issues by the company, shareholders

    and actual controller

    ( √ )applicable

    Promisted issue Promisee Promised content Execution

    Promise for

    capital reform

    - - -

    Promise for

    limited

    transaction

    of shares

    - - -

    Promise in - - -acquisition

    report or equity

    change report

    Promise for

    significant

    assets reform

    - - -

    Promise on

    shares issuing

    - - -

    Other promises

    including

    additional

    promises

    Yantai

    Changyu

    Group

    Co., Ltd.

    Group company will issue the suggestive announcement

    through the Company within two transaction days before

    the first decreasing of shares by Group Company,

    disclosed information will include but not only limit to the

    planned transaction quantity, transaction time,

    transaction price range and reason for share decreasing

    as required by Shenzhen Stock Exchange, if Group

    company intends to sell the current shares of the

    Company after releasing the limit condition and the total

    quantity for share decreasing is up to 5% within 6

    months from the first transaction.

    The

    promise

    has not

    been

    executed

    since the

    preconditi

    on does

    not come.

    3.4 Warning and explanation for the estimation on the possible loss of

    total 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.

    ( √ ) not applicable

    3.5 Other major issues

    3.5.1 Securities investment

    ( √ ) applicable

    item type Code Ab. Initial

    investment

    (CNY)

    Share

    quantity

    (share)

    Book value at

    end of report

    period

    Proportion on

    total securities

    investiment(%)

    Profit and

    loss during

    report period

    1 - - - 0.00 0 0.00 0.00 0.00

    Other securities investment

    by end of report period

    0.00 - 0.00 0.00 0.00

    Profit and loss on securites

    sold during report period

    - - - - 115,438.00

    Total 0.00 - 0.00 100 115,438.00

    Information on securities investment

    During report period, the Company gained the yield of CNY115,438 from selling the alloted

    IPO shares.

    3.5.2 The Company’s Receptions, Studies and Visits during report

    periodReception date Reception place Reception way Visitor Main topic and

    material

    provided

    Jan.5, 2010 Meeting room

    of the Company

    Field survey USA Capital

    International

    Research Co.

    Principal

    operation,

    future

    development

    Jan.26, 2010 Meeting room

    of the Company

    Field survey Orient securites Principal

    operation,

    future

    development

    Jan.26, 2010 Meeting room

    of the Company

    Field survey Everbright

    securities

    Principal

    operation,

    future

    development

    Jan.26, 2010 Meeting room

    of the Company

    Field survey Zheshang

    securities

    Principal

    operation,

    future

    development

    March 7, 2010 Meeting room

    of the Company

    Field survey HSBC Jintrust

    Fund

    Principal

    operation,

    future

    development

    March 13,2010 Meeting room

    of the Company

    Field survey Zongcai

    Investment

    Principal

    operation,

    future

    development

    March 18,2010 Meeting room

    of the Company

    Field survey Rosefinch

    Investment

    Principal

    operation,

    future

    development

    3.5.3. Information on other important issue

    ( √ ) applicable

    During report period, the Company signed “Shares Subscription Agreement” with

    Evergrowing Bank Co., Ltd. to subscribe 340million shares through capital increase of

    Evergrowing Bank in cash, CNY3 per share, totally CNY1.02 billion the Company needs should

    be at the Company’s own funds.The shares the Company subscribes will account for 5% of

    6.8 billion total shares of Evergrowing Bank.

    3.6 Investment on financial derivatives

    ( √ ) not applicable

    3.6.1 Investment on financial derivatives at end of report period

    ( √ ) not applicable

    4. appendix

    4.1 Balance sheetBalance Sheet (1)

    Yantai Changyu Wine Poineer Co., Ltd. Unit: CNY

    At 31 March 2010 At 31 December 2009

    Assets Note

    Consolidated

    amount

    Parent

    company

    amount

    Consolidated

    amount

    Parent

    company

    amount

    Current assets:

    Monetary fund 2,722,003,197 1,908,725,342 2,545,210,286 1,701,195,926

    Financial assets for trade

    Notes receivable 62,665,033 17,214,908 38,107,831 12,294,221

    Account receivable 65,149,130 6,658,993 98,022,443 13,163,722

    Advance money 41,438,426 30,156,666 31,885,027 19,918,724

    Interest receivalbe 4,787,139 4,787,139 8,969,343 8,969,343

    Dividend receivable 447,429,274

    Other account receivable 27,167,747 660,085,662 22,424,303 633,416,634

    Inventories 949,146,425 446,097,913 1,131,240,892 467,402,171

    Non-current assets due

    within one year

    Other current assets 827,938 1,104,453

    Total current assets 3,873,185,035 3,073,726,623 3,876,964,578 3,303,790,015

    Non-current assets:

    Financial assets for sale

    Investment held to

    expiration

    Long-term account

    receivable

    Long-term equity

    investment

    10,000,000 229,077,178 10,000,000 229,077,178

    Real estate for investment

    fixed assets 984,627,925 321,211,560 996,792,865 331,281,278

    Construction in progress 156,473,565 5,996,727 109,372,318 2,234,216

    Project material 395,114

    Liquidation of fixed assets

    Biological assets for

    production

    39,822,921 11,444,646 39,717,396 11,444,646

    Oil and gas assets

    Intangible assets 152,181,302 95,697,626 147,509,555 90,579,308

    Development expenditure

    Goodwill

    Long-term deferred

    expenses

    48,802,494 38,956,022

    Assets of deferred income 100,655,123 25,925,697 139,267,274 26,315,465tax

    Other non-current assets 4,700,132 4,806,317 5,580,790 5,544,630

    Total non-current

    assets

    1,497,658,576 694,159,751 1,487,196,220 696,476,721

    Total assets 5,370,843,611 3,767,886,374 5,364,160,798 4,000,266,736

    Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in charge of

    accounting organ:Jiangjianxun

    Balance Sheet (2)

    Yantai Changyu Wine Poineer Co. Ltd. Unit:CNY

    At 31 March 2010 At 31 December 2009

    Liabilites, rights and

    interests of shareholders Note

    Consolidated

    amount

    Parent

    company

    amount

    Consolidated

    amount

    Parent

    company

    amount

    Current liabilities:

    Short-term loan 4,500,000 224,500,000 220,000,000

    Financial liabilities for

    trade

    Notes payable

    Accounts payable 327,740,731 226,541,131 343,079,052 232,881,603

    Advance money 404,537,272 371,221,002

    Wage payable 115,871,205 105,670,512 176,980,999 112,116,156

    Tax payable 431,647,865 91,036,054 556,959,447 115,867,141

    Interest payable 605,030 605,030

    dividend payable

    Other accounts payable 494,374,973 229,569,407 477,048,092 219,943,753

    Non-current liabilities

    due within one year

    Other current liabilities

    Total current

    liabilities

    1,778,672,046 652,817,103 2,150,393,622 901,413,683

    Non-current liabilities:

    Long-term loan 10,500,000 10,500,000

    Bond payableLong-term accounts payable

    Special accounts payable

    Estimated liabilities

    Liabilities of deferred

    income tax

    5,336,115 5,336,115

    Oterh non-current liabilities 23,250,000 13,350,000 23,250,000 13,350,000

    Total non-current liabilities 39,086,115 13,350,000 39,086,115 13,350,000

    Total liabilities 1,817,758,161 666,167,103 2,189,479,737 914,763,683

    Shareholder rights and

    interests:

    Capital stock 527,280,000 527,280,000 527,280,000 527,280,000

    Capital reserve 557,222,454 557,222,454 557,222,454 557,222,454

    Less: treasury stock

    Surplus reserve 295,942,630 295,942,630 295,942,630 295,942,630

    Undistributed profit

    2,035,916,413 1,721,274,186 1,657,780,929

    1,705,057,9

    69

    Total shareholder rights and

    interests of parent company

    3,416,361,497 3,101,719,270 3,038,226,013

    3,085,503,0

    53

    Minority shareholder rights

    and interests

    136,723,953 136,455,048

    Total shareholder rights

    and interests

    3,553,085,450 3,101,719,270 3,174,681,061

    3,085,503,0

    53

    Liabilites and total

    shareholders rights and

    interests

    5,370,843,611 3,767,886,374 5,364,160,798

    4,000,266,7

    36

    Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in

    charge of accounting organ:Jiangjianxun4.2 Profit Statement

    Yantai Changyu Wine Poineer Co., Ltd. Unit:CNY

    Three months ended 31

    March 2010

    Three months ended 31

    March 2009

    Item Note

    Consolidated

    amount

    Parent

    company

    amount

    Consolidated

    amount

    Parent

    company

    amount

    Business income 1,585,142,100 443,805,685 1,257,455,017 216,025,080

    Less: business cost 467,527,845 314,718,833 374,685,634 166,437,027

    Business tax and associate

    charges

    88,409,828 54,082,439 63,253,395 28,779,095

    Sales expenses 455,911,840 362,400,303

    Management expenses 75,365,609 56,615,200 72,852,026 30,607,120

    Financial expenses -3,532,633 -4,103,625 -10,362,784 -10,302,755

    Assets depreciation loss

    Add: fair value charge profit (loss is

    listed with "-")

    Investment profit ((loss is listed

    with "-")

    115,438 115,438 18,907,271

    Including: investment profit for

    joint-run business and joint venture

    Operating profit 501,575,048 22,608,276 394,626,443 19,411,863

    Add: Non-operating income 467,342 173,512 616,227 500,800

    less: non-operating expenditures 551,097 3 19,060 13,930

    Including: non-current assets

    disposing loss

    Total profit 501,491,293 22,781,785 395,223,610 19,898,733

    Less: income tax expenses 123,086,904 6,565,568 96,134,211 186,050

    Net profit 378,404,389 16,216,217 299,089,399 19,712,683

    Net profit of parent company's

    owners

    378,135,484 16,216,217 298,501,978 19,712,683

    Minority shareholder profit and loss 268,905 587,421

    EPS

    Basic EPS 0.72 0.57

    Diluted EPS 0.72 0.57

    Other Comprehensive Income

    Comprehensive Income 378,404,389 16,216,217 299,089,399 19,712,683

    Comprehensive Income of parent

    company

    378,135,484 16,216,217 298,501,978 19,712,683

    Comprehensive Income of minority

    shareholders

    268,905 587,421

    Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in

    charge of accounting organ:Jiangjianxun4.3 Cash Flow Statement

    Yantai Changyu Wine Poineer Co., Ltd.

    Unit: CNY

    Three months ended 31

    March 2010

    Three months ended 31

    March 2009

    Item Cosolidated

    amount

    Parent

    company

    amount

    Cosolidated

    amount

    Parent

    company

    amount

    1. Cash flows from operating activities:

    Cash received from sales of goods and

    rending of services 1,906,248,637 520,836,693 1,522,433,676 296,665,429

    Tax refund received

    Other cash received related to operating

    activities 13,050,779 5,264,302 24,224,574 422,108,999

    Subtotal of cash flows of operating

    activities 1,919,299,416 526,100,995 1,546,658,250 718,774,427

    Cash paid for goods and services 463,103,834 352,542,782 387,281,963 267,506,303

    Cash paid to and on behalf of employees 94,482,198 42,476,296 79,278,018 31,241,061

    Cash paid for taxes and expenses 533,462,570 109,405,490 396,193,072 61,817,936

    Other cash paid related to operating

    activities 369,824,691 40,665,101 218,663,859 10,539,639

    Sub-total of cash outflows of operating

    activities 1,460,873,293 545,089,669 1,081,416,911 371,104,938

    Net cash flow from operating activities 458,426,123 -18,988,674 465,241,339 347,669,490

    2. Cash flow from investing activities:

    Cash received from return of investment

    Fixed deposit with the term of over 3

    months 112,671,943 107,671,943 156,419,840 139,419,840

    Cash received from obtaining investment

    profit 115,438 447,544,712 18,907,271

    Cash received from interest income 1,417,169 1,417,169 6,623,722 6,571,972

    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 114,204,550 556,633,824 163,043,562 164,899,083

    Cash paid to acquire fixed assets,

    intangible assets and other long-term assets 60,585,222 671,260 67,931,426 4,615,345

    Fixed deposit with the term of over 3

    monthsCash 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 60,585,222 671,260 67,931,426 4,615,345

    Net cash flow from investing activites 53,619,328 555,962,564 95,112,136 160,283,738

    3.Cash flow from financing activites

    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 220,000,000 220,000,000

    Cash paid to distribute dividend, profit or

    pay interest 2,586,916 1,778,850

    Including: dividend and profit paid to

    minority shareholders by branch

    Other cash paid related to financing

    activities

    Subtotal of cash outflows of financing

    activities 222,586,916 221,778,850

    Net cash flow from financing activites -222,586,916 -221,778,850

    4. Influences of exchange rate

    fluctuation on cash and cash equivalents

    5. Net Increase in cash and cash

    equivalents 289,458,535 315,195,040 560,353,475 507,953,227

    Add: balance at the beginning of the

    period of cash and cash equivalents 1,998,681,278 1,159,666,918 792,724,722 265,694,858

    6.Balance at the end of the period of

    cash and cash equivalents 2,288,139,813 1,474,861,958 1,353,078,197 773,648,085

    Legal representative: Sunliqiang Person in charge of accounting :Lengbin

    Person in charge of accounting organ:JiangjianxunComplementary Information for Cash Flow Statement

    Three months ended 31

    March 2010

    Three months ended 31

    March 2009

    Complementary information Cosolidated

    amount

    Parent

    company

    amount

    Cosolidated

    amount

    Parent

    company

    amount

    1.Cash flow to adjust net profit to

    operating activites

    Net profit 378,135,484 16,216,217 298,501,978 19,712,683

    minority shareholders loss and profit 268,905 587,421

    Add: assets depreciation provision

    Depreciation of fixed assets, oil and gas

    assets, and biological assets for production 16,280,645 7,180,899 12,535,205 8,078,542

    Intangible assets amortization 1,387,841 767,269 957,965 971,756

    Long-term deferred expenses

    amortization 146,864

    Losses on disposal of fixed assets,

    intangible assets and other long-term assets

    (profits are listed with "-")

    Loss on retirement of fixed assets (profits

    are listed with "-")

    Fair value change losses (profits are

    listed with "-")

    Financial expenses (profits are listed with

    "-") -1,417,169 -1,417,169 -6,623,722 -6,571,972

    Investment losses (profits are listed with

    "-") -115,438 -115,438 -18,907,271

    Reduction of deferred income tax assets

    (increasing is listed with "-") 38,612,151 389,768 26,199,212 358,311

    Increasing of deferred income tax

    liabilities (reduction is list with "-")

    Decrease of inventories (increasing is

    listed with "-") 182,094,467 21,304,258 188,397,312 17,672,946

    Reduction of operating receivables

    (increasing is listed with "-") -5,704,217 -35,322,928 -43,258,559 349,307,980

    Increasing of operating receivables

    (reduction is listed with "-") -151,116,546 -27,991,550 -12,202,338 -22,953,486

    Miscellaneous

    Net cash flow from operating activites 458,426,123 -18,988,674 465,241,339 347,669,490

    2.Investment and financing activites

    uninvolved cash income and expenses

    Liabilities change into capitalConvertible bond with the term of 1

    year

    Financing lease-in fixed assets

    3.Net change of cash and cash equivalents

    Balance at the end of the period of cash 2,288,139,813 1,474,861,958 1,353,078,197 773,648,085

    Less: balance at the beginning of the

    period of cash 1,998,681,278 1,159,666,918 792,724,722 265,694,858

    Add: balance at the end of the period of

    cash equivalents

    Less: balance at the beginning of the

    period of cash equivalents

    Net increase amount of cash and cash

    equivalent 289,458,535 315,195,040 560,353,475 507,953,227

    Legal representative: Sunliqiang Person in charge of accounting :Lengbin

    Person in charge of accounting organ:Jiangjianxun

    4.4 Audit Report

    Not audited

    Yantai Changyu Wine Poineer Co., Ltd.

    Board of Director

    April 26, 2010