Shares: 000869；200869, Abbreviation of Shares: Changyu A ；Changyu B
Announcement Number: 2011- Ding 03
YANTAI CHANGYU PIONEER WINE
COMPANY LIMITED
Summary of 2011 Semi-annual Report
1. Important
1.1 The Board of Directors，Board of Supervisors, directors, supervisors
and 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.
The summary of semi-annual report is abstracted from the 2011
semi-annual report, which is published on www.cninfo.com.cn. The
investors shall read carefully the whole text of 2011 semi-annual report
to get more details.
1.2 No directors, supervisors or senior managers declare to have
dissidence to this report.
1.3 All directors attended the Board of Directors’ meeting to deliberate
this semi-annual report.
1.4 The 2011 Semi-annual Financial Report has not been audited.
1.5 The chairman of the Board of Directors Mr. Sun Liqiang, the
accounting director Mr. Leng Bin and the finance principal Mr. Jiang
Jianxun assure the truth and integrity of the financial and accounting
statement in this semi-annual report.
2
2.The Basic Information of the Company
2.1 Brief introduction to the company
Abbreviation of the Shares: Changyu A, Changyu B
Code Number of the Shares: 000869, 200869
Place of listing of the Shares Shenzhen Stock Exchange
Secretary to the Board of Authorized Representative
Directors of the Securities Affairs
Name Qu Weimin Li Tingguo
Contact Address 56, Dama Road, Yantai 56, Dama Road, Yantai
City, Shandong Province City, Shandong Province
Telephone 0086-535-6633658 0086-535-6633656
Fax 0086-535-6633639 0086-535-6633639
E-Mail quwm@changyu.com.cn stock@changyu.com.cn
2.2 The main accounting and financial information
2.2.1 Main accountant and Financial data
√ applicable not applicable
Unit: CNY
At the end of the At the end of last more or less
Item
report period year (%)
Total assets 6,125,215,014 5,983,377,253 2.37%
The owners’ equity attributed to
3,978,491,136 3,839,708,341 3.61%
shareholders of listed company
Capital stock 527,280,000 527,280,000 0%
Net assets per share attributed to
7.55 7.28 3.71%
shareholders of listed company
at the report the same period more or less
period (Jan.—June) of last year (%)
Total Revenue 3,090,021,567 2,481,885,134 24.50%
Business profit 1,159,441,095 774,791,010 49.65%
Total profit 1,162,514,940 779,242,762 49.19%
Net profit attributed to shareholders
876,955,116 585,674,479 49.73%
of listed company
Net profit attributed to shareholders
of listed company after deducting the 874,766,673 582,953,418 50.06%
irregular profit and loss
Basic earnings per share (CNY) 1.66 1.11 49.55%
Diluted earnings per share (CNY) 1.66 1.11 49.55%
Return on net assets (%) 21.21% 17.04% 4.17%
Weighted average returns on
net assets after the irregular profit 21.16% 16.97% 4.19%
and loss
Net cash flows from operating
1,018,887,265 639,706,842 59.27%
activities
Net cash flows per share from
1.93 1.21 59.50%
operating activities
3
2.2.2 Items of irregular profit and loss
√ applicable not applicable
Unit: CNY
Item Amount Remarks
if necessary
Gain or loss on disposal of non-current assets -99,865
Tax return or relief ultra vires approved, without formal
documented or occasionally happened, or sporadic tax return or 0
relief
Government grant accounted in current profit and loss (except for
those that closely related to the operation, under national unified 2,137,979
standards with certain amount or quantity continuously )
Gain or loss on fair value change of trading financial assets and
trading financial liabilities, and investment income from disposal of
trading financial liabilities and financial assets available for sale, 52,122
except available hedging operations related to the Company’s daily
operation.
Other non-operating income and expenses 1,035,730
Amount affected on income tax -931,274
Amount affected on minority interests (after tax) -6,249
Total 2,188,443
2.2.3 Differences between the PRC Accounting Standards and the
International Accounting Standards
applicable √ not applicable
3. Changes in Share Capital and Substantial Shareholders
3.1 Changes in Share Capital
√ applicable not applicable
Unit: ’0000Share
Before this change Change (+, -) After this change
Amount Percentag Allot Distribute Transfer Sub Amount Percen
e new bonus share other others total tage
share capital to
share
capital
Limited Shares 213,021,120 40.40% -213,021,120 -213,021,120
1.State share
2.State legal person
share
3.Other domestic 213,021,120 40.40% -213,021,120 -213,021,120
corporate share
Including: 213,021,120 40.40% -213,021,120 -213,021,120
Domestic legal
person share
Domestic natural
person share
4.Foreigner-held
share
Including:
Overseas legal
person share
Overseas natural
person share
4
5. Top management
share
Unlimited Shares 314,258,880 59.60% 213,021,120 213,021,120 527,280,000 100%
1.CNY common 135,774,600 25.75% 213,021,120 213,021,120 348,795,720 66.15%
share
2.Foreign share 178,484,280 33.85% 178,484,280 33.85%
listed in PRC
3.Foreign share
listed overseas
4.others
Total shares 527,280,000 100% 527,280,000 100%
3.2 The shareholdings of the top 10 shareholders and top 10 shareholders
without limited conditions
Total number at the end of report period The Company had 18,004 shareholders. There were
12,529 shareholders with A shares, and 5,475
shareholders with B shares
The top 10 shareholders
Name of Shareholders The character Percentage Number of Number of Lien or
Of the (%) shares limited frozen
shareholders shares shares
YANTAI CHANGYU GROUP COMPANY 265,749,120 0 0
A share 50.40%
LIMITED
HTHK/CMG FSGUFP-CMG FIRST STATE CHINA
B share 3.63% 19,154,622 0 0
GROWTH FD
GAO-LING FUND,L.P. B share 3.43% 18,102,298 0 0
BBH BOS S/A FIDELITY FD - CHINA
B share 1.97% 10,373,597 0 0
FOCUS FD
GOVERNMENT OF SINGAPORE INV. CORP.-
B share 1.20% 6,324,903 0 0
A/C "C"
UBS (LUXEMBOURG) S.A. B share 0.86% 4,543,836 0 0
BBH LUX-FIDELITY FUNDS-EMERGING MARKETS
B share 0.85% 4,499,786 0 0
FUND
GREAT WALL EASE RETURN HYBRID
A share 0.78% 4,100,582 0 0
SECURITIES INVESTMENT FUND
CHINA UNIVERSAL GROWTH FOCUS
SECURITIES-ORIENTED A share 0.72% 0 0
CAPITAL FUND 3,814,835
BANK OF CHINA SUSTAINABLE GROWTH
A share 0.64% 3,349,024 0 0
EQUITY SECURITIES INVESTMENT FUND
The share holding of top 10 unlimited shareholders
shareholders Number of unlimited shares Share Type
YANTAI CHANGYU GROUP CO.,LTD. 265,749,120 A share
HTHK/CMG FSGUFP-CMG FIRST STATE CHINA GROWTH FD 19,154,622 B share
GAO-LING FUND,L.P. 18,102,298 B share
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 10,373,597 B share
GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" 6,324,903 B share
UBS (LUXEMBOURG) S.A. 4,543,836 B share
BBH LUX-FIDELITY FUNDS-EMERGING MARKETS FUND 4,499,786 B share
GREAT WALL EASE RETURN HYBRID SECURITIES INVESTMENT FUND 4,100,582 A share
CHINA UNIVERSAL GROWTH FOCUS SECURITIES-ORIENTED
A share
CAPITAL FUND 3,814,835
BANK OF CHINA SUSTAINABLE GROWTH EQUITY SECURITIES INVESTMENT
3,349,024 A share
FUND
The explanation for the relationship and action of There is no relationship or concerted action between
the top 10 shareholders Changyu and the other 9 circulating shareholders. The
information about relationship or concerted action among
other circulating shareholders is unknown.
5
3.3 The changes of the controlling shareholder and actual controller
applicable √ not applicable
4. The Introduction for the Directors, Supervisors and Senior Management
Team
4.1 The changes on share holding by the directors, supervisors and
senior management team
applicable √ not applicable
5. The Board of Directors’ Report
5.1 Principal Business
Unit: CNY’0000
Principal business sorted by industry
Product Principal Principal Gross Profit More or less More or less More or less
sales Cost Ratio(%) than same than same than same
period of last period of last period of last
year of the year of the year of the
principal principal profit
sales(%) cost(%) ratio(%)
Alcohol and
beverage 309,002 74,924 75.75% 24.50% 7.36% 3.87%
drinks
Principal business sorted by product
Wine 256,795 54,347 78.84% 25.71% 2.25% 4.86%
Brandy 38,938 15,099 61.22% 16.43% 18.03% -0.53%
Total 295,733 69,446 76.52% 24.40% 5.31% 4.26%
Among which：
related 465 113 75.70%
transaction
5.2 Principal Business Situation Assorted by Territory Distribution
Unit: CNY’0000
District Principal Sales More or less than last year (%)
In domestic market 306,672 24.59%
In foreign market 2,330 14.48%
Other 309,002 24.50%
5.3 The explanation of the great change in principal business and its
structure comparing
applicable √ not applicable
5.4 The explanation of the great change in profit earning ability(gross
profit ratio) of principal business compared with last year
applicable √ not applicable
5.5 The analysis of the great change in profit structure compared with
last year
6
applicable √ not applicable
5.6 The Uses of the Collected capital
5.6.1 The exertion comparison of collected capital
applicable √ not applicable
5.6.2 The situation of the variational item
applicable √ not applicable
5.7 Modification for the business plan of the Board of Directors in the
next half year
applicable √ not applicable
5.8 Caution and explanation for forecasted loss on accumulated net
profit from the beginning of this year to the end of the next report
period or any significant change compared with same period of last year
applicable √ not applicable
5.9 The explanation of the Company’s Board of Directors for the non
standard advice to the report of the accountant affairs office
applicable √ not applicable
5.10 The explanation of the Company’s Board of Directors for the
change and disposal of any issue involved in the non standard advice of
the accountant affairs office in last year
applicable √ not applicable
6. MATERIAL EVENTS
6.1 Material Acquisition, Sales or Merger on Assets
6.1.1 Material Assets Acquisition
applicable √ not applicable
6.1.2 Material Assets Sales
applicable √ not applicable
6.1.3 The related process and impact on business achievements and
financial situation during report period after the disclosure of assets
merger report or announcement about acquisition, sales on assets
applicable √ not applicable
6.2 Material Warranty
applicable √ not applicable
6.3 The Non-operative Related Creditor’s Right and Liability
applicable √ not applicable
7
6.4 Material Litigation and arbitration
applicable √ not applicable
6.5 The Analysis and Explanation on Other Major Issues, Related
Influence and Solutions
applicable √ not applicable
6.5.1 Securities Investment
√ applicable not applicable
item type Code Ab. Initial Share Book value Proportion on Profit and loss
investment quantity at end of total securities during report
(CNY) (share) report period investment(%) period
1 Stock - - 0.00 0 0.00 0.00 0.00
Other securities investment
0.00 - 0.00 0.00 0.00
by end of report period
Profit and loss on securities
- - - - 52,122
sold during report period
Total 0.00 - 0.00 100 52,122
Information for securities investment
During report period, the Company subscribed IPO shares and obtained investment
proceeds for CNY52122 totally.
6.5.2 Share Holding of Other Listed Company
applicable √ not applicable
6.5.3 The Non-operating Capital Occupied and Withdrawn from Majority
Shareholder and Its Subsidiary Company During Report Period
applicable √ not applicable
6.5.4 The Execution of Commitments by the Company, Shareholders,
and Actual Controller
√ applicable not applicable
Commitment Committe Commitment content Performance
items d person situation
Share reform Yantai 1. From the day of being granted the right of It has already
commitment Changyu circulation on stock market as March 21st,2006, been fulfilled.
Group Changyu Group will not transact or transfer its
Co. Ltd. shareholding in the Company within 36 months
2.Within 12 months as from the day of the expiry of
the afore-said promising period, the amount of the
former non-circulating stock that Changyu Group
may list for transaction at Stock Exchange can’t be
over 5% of its total and within 24 months after that,
can’t be over 10% of its total.
3. Changyu Group also promised to propose over the
shareholders’ meetings 2005, 2006 and 2007 to
distribute the Company’s profit in cash no less than
65% of the distributable profit realized in the same
year and ensure to vote for aye for this proposal.
Commitments in No. No. No.
the acquisition
report or report of
changes in equity
Commitments when No. No. No.
making major
assets restructuring
Issuance Yantai Non-horizontal competition It is always in
Commitments Changyu strict
Group performance.
Co. Ltd.
8
Other commitments Yantai The Company has well noted the Securities Law, Under
(including Changyu Administration Methods of Takingover Listed performance.
additional Group Companies, Guidance on Releasing the Limited
commitments) Co. Ltd. Shares Transfer of the Listed Companies and the
relative business rules of Shenzhen Stock Exchange,
and will strictly obey the relevant provisions of above
documents, faithfully carry out the commitments and
bear the corresponding legal responsibility, when in
the future reducing the holding of the shares with
releasing restrictions on sale price in this time.
6.5.5 The Board of Directors’ Profit Distribution Plan for Report Period
applicable √ not applicable
6.5.6 Other Comprehensive Incomes
√ applicable not applicable
Amount in Amount in
this period last period
0
1．Gains or losses on financial assets available for sale
0
Less: Income tax affected by financial assets available for sale
Net amount transferred from other Comprehensive income of last period to current profit 0
and loss account
0
Subtotal
19,679
2．Sharing the other Comprehensive income of invested company by equity method
Less: Income tax affected by sharing the other comprehensive income of invested
company by equity method
Net amount transferred from other Comprehensive income of last period to current Profit 0 0
and loss account
19,679
Subtotal
0 0
3．Gains or losses from cash flow hedging instruments
0 0
Less: income tax affected on gains or losses from cash flow hedging instruments
Net amount transferred from other comprehensive income of last period to current Profit 0 0
and loss account
0 0
Transferred as the adjusted amount of initial recognition of hedging items
0 0
Subtotal
0 0
4. Converting gains and losses on the financial statements in foreign currency
Less：Net amount transferred from disposal of overseas operation into current gains and 0 0
loss
0 0
Subtotal
0 0
5．Other
0 0
Less：Income tax affected by other comprehensive income
Net amount transferred from other comprehensive income of last period to current Profit 0 0
and loss account
0
Subtotal
19,679 0
Total
6.6 The Reception of Investigation, Visit and Communication
Reception date Reception place Reception way Visitor Main topic and
material provided
Meeting room of Field survey Wells Fargo Funds
2011.01.11
the Company
Meeting room of Field survey Wanlifuda Investment
2011.01.20
the Company
Meeting room of Field survey Industrial Securities
2011.01.27
the Company
Meeting room of Field survey Ping An asset
2011.02.10
the Company management
9
Meeting room of Field survey ChinaAMC Principal
2011.02.15
the Company operation and the
Meeting room of Field survey Xinhua assets future
2011.02.23
the Company development of
Meeting room of Field survey Soochow Fund the company
2011.02.28 the Company
2011.03.05 Meeting room of Field survey Hua An Fund
the Company Management
2011.03.08 Meeting room of Field survey Shenyin Wanguo
the Company Securities
Meeting room of Field survey CLSA Limited
2011.04.15
the Company
2011.04.18 Meeting room of Field survey China Jianyin
the Company Investment Securities
2011.04.19 Meeting room of Field survey Shangya Fund
the Company
Meeting room of Field survey Global Industrial Fund
2011.04.20
the Company Management
Meeting room of Field survey Bank of China Fund
2011.04.26
the Company Management
Meeting room of Field survey Heqi Investment
2011.05.09
the Company
Meeting room of Field survey Zhongding Investment
2011.05.13
the Company
Meeting room of Field survey Bangde Investment
2011.05.16
the Company Management
Meeting room of Field survey Bosera Funds
2011.05.17
the Company
Meeting room of Field survey Hong Yuan Securities
2011.05.20
the Company
Meeting room of Field survey Leading Funds
2011.05.25
the Company
Meeting room of Field survey Guofu Property
2011.06.02
the Company Investment Fund
Meeting room of Field survey Da Cheng Fund
2011.06.07
the Company Management
Meeting room of Field survey Changjiang Securities
2011.06.15
the Company
Meeting room of Field survey Jinyuan Securities
2011.06.17
the Company
Meeting room of Field survey Citic China Securities
2011.06.22
the Company
Meeting room of Field survey Penghua Funds
2011.06.28
the Company
7. FINANCE REPORT
7.1 Audit Opinion
Financial report Unaudited
10
7.2 Financial Statement
7.2.1 Consolidated And Parent Company’s Balance Sheet （1）
30/6/2011 31/12/2010
Assets Consolidated Parent company Consolidated Parent company
CURRENT ASSETS
Cash and bank 2,575,302,305 1,937,453,170 2,489,804,162 1,898,488,544
Trading financial assets 21,200,000 21,200,000
Bills receivable 56,026,700 24,607,165 31,447,207 12,871,415
Trade receivables 95,255,224 10,357,520 100,113,271 11,708,820
Advances to suppliers 70,742,936 61,392,268 74,728,756 40,352,558
Interest receivable 18,216,011 18,094,085 9,519,721 9,519,721
Dividends receivable 1,765,637,074 1,765,637,075
Other receivables 62,383,999 1,613,571,335 30,686,838 1,155,602,622
Inventories 1,079,415,696 383,689,771 1,294,406,406 481,049,315
Non-current asset expire in a year
Other current assets
Total current assets 3,978,542,871 5,836,002,387 4,030,706,362 5,375,230,070
NON-CURRENT ASSETS
Available for sale financial assets
Held-to-maturity investment
Long-term receivables
Long-term equity investments 5,000,000 712,783,083 5,000,000 331,907,113
Investment Real Estate
Property, plant and equipment 1,222,721,665 321,960,105 1,188,081,245 325,016,812
Construction in progress 353,576,695 25,326,123 242,107,575 13,603,659
Construction materials
Fixed assets disposal
Biological assets 38,539,812 9,683,931 37,773,638 10,270,836
Oil and gas assets
Intangible assets 274,070,448 91,219,294 208,847,847 87,521,064
Development expenditure
Goodwill
Long-term prepaid expense 104,839,398 106,233,673
Deferred tax assets 143,853,616 28,462,210 160,275,366 27,019,769
Other non-current assets 4,070,510 4,257,410 4,351,547 4,538,447
Total non-current assets 2,146,672,143 1,193,692,156 1,952,670,890 799,877,700
Total assets 6,125,215,014 7,029,694,543 5,983,377,253 6,175,107,770
11
Consolidated And Parent Company’s Balance Sheet （2）
30/6/2011 31/12/2010
LIABILITIES AND EQUITY Consolidated Parent company Consolidated Parent company
CURRENT LIABILITIES
Short-term loan
Trading of financial liabilities
Bills payable
Trade payables 234,251,383 152,527,756 259,022,075 165,884,293
Advances from customers 290,340,844 309,481,976
Employee benefits 165,097,207 117,825,347 186,915,812 114,351,323
Taxes payable 486,594,616 126,920,299 649,365,259 122,920,579
Interest payable
Dividends payable 0 0
Other payables 689,337,237 2,598,527,785 476,897,721 1,768,065,889
Total current liabilities 1,865,621,287 2,995,801,187 1,881,682,843 2,171,222,084
NON-CURRENT LIABILITIES
Deferred tax liabilities 5,316,436 5,336,115
Other non-current liabilities 120,110,000 8,027,000 100,213,000 8,027,000
Total non-current liabilities 125,426,436 8,027,000 105,549,115 8,027,000
Total liabilities 1,991,047,723 3,003,828,187 1,987,231,958 2,179,249,084
EQUITY
Share capital 527,280,000 527,280,000 527,280,000 527,280,000
Capital surplus 557,242,133 557,222,454 557,222,454 557,222,454
Less treasury stock
Surplus reserve 295,942,630 295,942,630 295,942,630 295,942,630
Retained earnings 2,598,026,373 2,645,421,272 2,459,263,257 2,615,413,602
Equity attributable to equity holders of the
company 3,978,491,136 4,025,866,356 3,839,708,341 3,995,858,686
Minority interests 155,676,154 156,436,954
Total equity 4,134,167,291 4,025,866,356 3,996,145,295 3,995,858,686
Total liabilities and equity 6,125,215,014 7,029,694,543 5,983,377,253 6,175,107,770
12
7.2.2 Consolidated And Parent Company’s Profit Statement
Six months ended 30 June 2011 Six months ended 30 June 2010
Item Consolidated Parent company Consolidated Parent company
Revenue
3,090,021,567 881,120,226 2,481,885,134 746,408,137
Less Cost of sales 749,237,629 681,420,169 697,904,404 554,127,550
Taxes and surcharges 175,702,733 99,160,797 143,954,547 84,288,354
Selling expenses 869,894,366 760,912,413
Administrative expenses
157,485,167 66,569,261 110,222,160 75,329,206
Financial expenses -21,687,300 -23,747,128 -5,470,293 -9,672,089
Loss for impairment of assets
Add: fair value charge profit (loss is listed with
"-")
Investment profit ((loss is listed with "-") 52,122 723,374,683 429,107 429,107
Including: investment profit for joint-run
business and joint venture
Operating profit
1,159,441,095 781,091,810 774,791,010 42,764,223
Add: Non-operating income 4,062,176 1,574,281 5,023,942 209,453
Less: Non-operating expenses 988,331 245,922 572,190 5,231
Including: losses on disposal of
non-current assets
Profit before tax 1,162,514,940 782,420,169 779,242,762 42,968,445
Less: Income tax 286,320,623 14,220,498 186,395,367 21,926,577
Profit for the year 876,194,317 768,199,671 592,847,395 21,041,868
Attributable to equity holders of the
company 876,955,116 768,199,671 585,674,479 21,041,868
Minority interests -760,800 7,172,916
Earnings per share
Basic earnings per share 1.66 1.46 1.11 0.04
Diluted earnings per share 1.66 1.46 1.11 0.04
Other Comprehensive Income 19,679.11
Comprehensive Income 876,213,996 768,199,671 592,847,395 21,041,868
Attributable to equity holders of the
company 876,974,795 768,199,671 585,674,479 21,041,868
Attributable to minority interests -760,800 7,172,916
13
7.2.3 Consolidated and Parent Company’s Cash Flow Statement (1)
Six months ended 30 June 2011 Six months ended 30 June 2010
Item Parent company Consolidated Parent company
Consolidated amount amount amount
amount
1. Cash flows from operating
activities:
Cash received from sales of goods
and rending of services
3,615,239,260 1,023,172,610 2,871,056,257 876,676,704
Tax refund received
31,895,583 17,931,445 4,117,244
Other cash received related to
operating activities 74,339,353 78,314,429 17,298,076 506,068,946
Subtotal of cash flows of operating
activities 3,721,474,196 1,119,418,484 2,892,471,577 1,382,745,650
Cash paid for goods and services
782,258,636 662,332,168 733,563,534 637,851,952
Cash paid to and on behalf of
employees 199,782,598 74,164,408 174,512,763 85,341,019
Cash paid for taxes and expenses
1,141,618,275 245,261,179 764,530,299 176,043,602
Other cash paid related to
operating activities 578,927,423 51,618,902 580,158,139 20,391,456
Sub-total of cash outflows of
operating activities 2,702,586,931 1,033,376,657 2,252,764,735 919,628,029
Net cash flow from operating
activities 1,018,887,265 86,041,827 639,706,842 463,117,621
2. Cash flow from investing
activities:
Cash received from return of
investment 64,671,946 59,671,946
Fixed deposit with the term of over
3 months
Cash received from obtaining
investment profit 52,122 723,374,683 7,943,364 455,372,638
Cash received from interest income
21,630,697 21,630,697
Net cash received from disposal of
fixed assets, intangible assets and
other long-term assets 519,304 519,204
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
22,202,123 745,524,584 72,615,310 515,044,584
Cash paid to acquire fixed assets,
intangible assets and other long-term
assets 217,541,724 23,390,203 189,217,153 9,221,963
Fixed deposit with the term of
over 3 months 71,437,507 71,437,507
Cash for investment
199,688,120 106,000,000
Net cash paid to acquire branch and
other business unit
Other cash paid related to
investment activities
Subtotal of cash outflows of
investment activities 288,979,231 294,515,830 189,217,153 115,221,963
Net cash flow from investing
activities -266,777,108 451,008,754 -116,601,843 399,822,621
3.Cash flow from financing
activities
14
Cash received from acquiring
investment
Including: cash received from
acquiring minority shareholders
investment by branch
Cash received from acquiring
loans 256,026,059
Other cash received related to
financing activities 0
Subtotal cash flows of financing
activities 256,026,059
Cash paid to pay debts
87,500,000 224,500,000 220,000,000
Cash paid to distribute dividend,
profit or pay interest
738,192,000 738,192,000 153,384,471 151,778,850
Including: dividend and profit paid
to minority shareholders by branch
Other cash paid related to
financing activities
Subtotal of cash outflows of
financing activities 738,192,000 825,692,000 377,884,471 371,778,850
Net cash flow from financing
activities -738,192,000 -569,665,941 -377,884,471 -371,778,850
4. Influences of exchange rate
fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash
equivalents 13,918,157 -32,615,360 145,220,528 491,161,392
Add: balance at the beginning of
the period of cash and cash
equivalents 998,934,824 407,619,206 1,998,681,278 1,159,666,918
6.Balance at the end of the period
of cash and cash equivalents
1,012,852,981 375,003,846 2,143,901,806 1,650,828,310
15
7.2.4 Consolidated Statement of Shareholders’ Equity Changes
Item
Six months ended 30 June 2011
Total
Minority shareholders'
Shareholders' equity of parent company stockholders' Equity equity
Capital stock Capital Less: Treasury Surplus Undistributed Others
reserves stock reserves profits
1.Banlance at the end of last year
527,280,000 557,222,454 295,942,630 2,459,263,257 156,436,954 3,996,145,295
Plus: Accounting policies changing
Previous error correction
2.Banlance at the beginning of this year 527,280,000 557,222,454 295,942,630 2,459,263,257 156,436,954 3,996,145,295
3.Increasing or reducing amount of this year
(reducing amount is listed with "-") 19,679 138,763,116 -760,800 138,021,996
3.1 Net profits 876,955,116 -760,800 876,194,317
3.2 Other Comprehensive Income 19,679 19,679
Subtotal of above 3.1 and 3.2 19,679 876,955,116 -760,800 876,213,996
3.3 Owners' invested and reduced capital
3.3.1 Owners' invested capital
3.3.2 Amount of shares paid and reckoned in
owners' equity
3.3.3 Others
3.4 Profit distribution -738,192,000 -738,192,000
3.4.1Drew surplus reserves
3.4.2 Distribution to owners (or shareholders) -738,192,000 -738,192,000
3.4.3 Others
3.5 Internal transfer of owners' equity
3.5.1 Capital reserves transferred and increased
capital (or capital stock)
3.5.2 Surplus reserves transferred and increased
capital (or capital stock)
3.5.3 Surplus reserves covering deficit
3.5.4 Others
4.Banlance at the end of this year 527,280,000 557,242,133 295,942,630 2,598,026,373 155,676,154 4,134,167,291
Item Year 2010
16
Total
Minority shareholders'
Shareholders' equity of parent company stockholders' Equity equity
Capital stock Capital Less: Surplus Undistributed Others
reserves Treasury reserves profits
stock
1.Banlance at the end of last year 527,280,000 557,222,454 295,942,630 1,657,780,929 136,455,048 3,174,681,061
Plus: Accounting policies changing
Previous error correction
2.Banlance at the beginning of this year 527,280,000 557,222,454 295,942,630 1,657,780,929 136,455,048 3,174,681,061
3.Increasing or reducing amount of this year
(reducing amount is listed with "-") 801,482,328 19,981,906 821,464,234
3.1 Net profits 1,434,218,328 19,981,906 1,454,200,234
3.2 Other Comprehensive Income
Subtotal of above 3.1 and 3.2 1,434,218,328 19,981,906 1,454,200,234
3.3 Owners' invested and reduced capital
3.3.1 Owners' invested capital
3.3.2 Amount of shares paid and reckoned in
owners' equity
3.3.3 Others
3.4 Profit distribution -632,736,000 -632,736,000
3.4.1Drew surplus reserves
3.4.2 Distribution to owners (or shareholders) -632,736,000 -632,736,000
3.4.3 Others
3.5 Internal transfer of owners' equity
3.5.1 Capital reserves transferred and increased
capital (or capital stock)
3.5.2 Surplus reserves transferred and increased
capital (or capital stock)
3.5.3 Surplus reserves covering deficit
3.5.4 Others
4.Banlance at the end of this year 527,280,000 557,222,454 295,942,630 2,459,263,257 156,436,954 3,996,145,295
17
7.2.5 Statement of Equity Changes for Parent Company’s Shareholders
Item
Six months ended 30 June 2011
Total shareholders'
Shareholders' equity of parent company equity
Capital stock Capital Less: Treasury Surplus reserves Undistributed Others
reserves stock profits
1.Banlance at the end of last year
527,280,000 557,222,454 295,942,630 2,615,413,602 3,995,858,686
Plus: Accounting policies changing
Previous error correction
2.Banlance at the beginning of this year 527,280,000 557,222,454 295,942,630 2,615,413,602 3,995,858,686
3.Increasing or reducing amount of this year
(reducing amount is listed with "-") 30,007,670 30,007,670
3.1 Net profits 768,199,670 768,199,670
3.2 Other Comprehensive Income
Subtotal of above 3.1 and 3.2 768,199,670 768,199,670
3.3 Owners' invested and reduced capital
3.3.1 Owners' invested capital
3.3.2 Amount of shares paid and reckoned in
owners' equity
3.3.3 Others
3.4 Profit distribution -738,192,000 -738,192,000
3.4.1Drew surplus reserves
3.4.2 Distribution to owners (or shareholders)
-738,192,000 -738,192,000
3.4.3 Others
3.5 Internal transfer of owners' equity
3.5.1 Capital reserves transferred and increased
capital (or capital stock)
3.5.2 Surplus reserves transferred and increased
capital (or capital stock)
3.5.3 Surplus reserves covering deficit
3.5.4 Others
4.Banlance at the end of this year 527,280,000 557,222,454 295,942,630 2,645,421,272 4,025,866,356
18
Item
Year 2010
Total shareholders'
Shareholders' equity of parent company equity
Capital stock Capital Less: Treasury Surplus reserves Undistributed Others
reserves stock profits
1.Banlance at the end of last year 527,280,000 557,222,454 295,942,630 1,705,057,969 3,085,503,053
Plus: Accounting policies changing
Previous error correction
2.Banlance at the beginning of this year 527,280,000 557,222,454 295,942,630 1,705,057,969 3,085,503,053
3.Increasing or reducing amount of this year
(reducing amount is listed with "-") 910,355,633 910,355,633
3.1 Net profits 1,543,091,633 1,543,091,633
3.2 Other Comprehensive Income
Subtotal of above 3.1 and 3.2 1,543,091,633 1,543,091,633
3.3 Owners' invested and reduced capital
3.3.1 Owners' invested capital
3.3.2 Amount of shares paid and reckoned in
owners' equity
3.3.3 Others
3.4 Profit distribution -632,736,000 -632,736,000
3.4.1Drew surplus reserves
3.4.2 Distribution to owners (or shareholders) -632,736,000 -632,736,000
3.4.3 Others
3.5 Internal transfer of owners' equity
3.5.1 Capital reserves transferred and increased
capital (or capital stock)
3.5.2 Surplus reserves transferred and increased
capital (or capital stock)
3.5.3 Surplus reserves covering deficit
3.5.4 Others
4.Banlance at the end of this year
527,280,000 557,222,454 295,942,630 2,615,413,602 3,995,858,686
19
7.3 The Appendix to Financial Statement
7.3.1 The related information, reason and the effect index if there is
any changes on accounting policies, accounting estimates or
alteration of accounting error
applicable √ not applicable
7.3.2 The reason and effect index if there is any significant changes
on consolidating scope for financial statement
applicable √ not applicable
7.3.3 The related appendix for concerned items if the unstandard
audit report is issued.
applicable √ not applicable
Yantai Changyu Pioneer Wine Company Limited
Board of Directors
August 9th, 20
20
