YANTAI CHANGYU PIONEER WINE COMPANY
LIMITED
The 3rd Quarter Report of 2011
1. Important
1.1 The Board of Directors, 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 other facts the omission of which would
make any statement herein misleading.
1.2 No directors, supervisors or senior managers can not ensure the
truthfulness, accuracy and completeness, or have any dissidence to this
report.
1.3 All directors attended the Board of Directors’ meeting to deliberate this
report.
1.4 The 3rd quarter report of 2011 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.
1
2. THE BASIC INFORMATION OF THE COMPANY
2.1 Main accountant data and Financial index
Unit: CNY
Sep. 30, 2011 Dec.31, 2010 More or less (%)
Total assets 6,591,289,170.00 5,983,377,253.00 10.16%
Owner’s equity attributed to
shareholders of listing 4,353,930,792.00 3,839,708,341.00 13.39%
company
Share capital (share) 527,280,000.00 527,280,000.00 0.00%
Net asset per share
attributed to shareholders of 8.26 7.28 13.46%
listing company
More or less
More or less
compared
July to Sep., compared with Jan. to Sep.,
with same
2011 same period of 2011
period of last
last year (%)
year (%)
Total operation revenue 1,323,654,951.00 21.58% 4,413,676,519.00 23.61%
Net profit attributed to
shareholders of listing 386,784,180.00 29.44% 1,263,739,296.00 41.77%
company
Net cash flow from operating
- - 1,187,905,246.00 35.26%
activities
Net cash flow per share from
- - 2.25 34.73%
operating activities
Basic earnings per Share 0.73 28.07% 2.40 42.01%
Diluted earnings per Share 0.73 28.07% 2.40 42.01%
Weighted average rate of net
9.27% 0.14% 30.85% 3.62%
assets return
Weighted average rate of net
assets return after deducting 9.17% 0.04% 30.70% 3.60%
irregualr profit and loss
Item for irregular profit and loss
(√ ) applicable
Unit: CNY
Item for irregular profit and loss Amount Remark
Profit and loss on non-current assets disposing -99,865.00
Government grant accounted in profit and loss this
year (except for those that closely related to the
8,066,639.00
operation, under national laws or in accordance
with certain criteria)
Except the hedging business related to normal
operation of the Company, the profit and loss on 52,122.00
fair value from holding trading financial assets and
2
liabilities, proceeds from disposition of trading
financial assets and liabilities, and salable financial
assets
profit and loss from other non-business activities 971,401.00
Effect index for the income tax -2,391,156.00
effect index for minority shareholders’ equity -66.00
Total 6,599,075.00 -
2.2 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 Totally 14295 shareholders, including
9083 shareholders for A share, 5212
shareholders for B share
The top 10 shareholders with unlimited shares
Name of Shareholders Number of Type of
unlimited shares shares
YANTAI CHANGYU GROUP CO.,LTD. 265,749,120 A share
HTHK/CMG FSGUFP-CMG FIRST STATE CHINA
21,019,204 B share
GROWTH FD
GAOLING FUND,L.P. 13,719,554 B share
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 8,246,082 B share
GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" 5,377,239 B share
UBS (LUXEMBOURG) S.A. 4,504,590 B share
MIRAE ASSET CHINA SOLOMON EQUITY
3,974,716 B share
INVESTMENT TRUST 1
CHINA UNIVERSAL GROWTH FOCUS
SECURITIES-ORIENTED 3,765,883 A share
CAPITAL FUND
HTHK-MANULIFE CHINA VALUE FUND 3,579,270 B share
TAIKANG LIFE INSURANCE CO.
LTD-DIVIDENDS-INDIVIDUAL 3,539,335 A share
DIVIDENDS-019L-FH002 SHEN
3. MAJOR ISSUES
3.1 The great change and reasons on main accountant data and
financial Index
(√ ) applicable
3
At end of report period, the Company’s notes receivable increased by 192.99% mainly due to
the growth of exchange drafts receivable from the bank from Jan. till Sept. 2011. The
interests receivable increased by 131.66% because of the rise of time deposit interest. Other
accounts receivable increased by 493.41% mainly due to growth of payment for land margin
and imprest for raw materials. The salary payable dropped by 45.09% because of payment of
staff wages and bonus. Other payables increased by 82.93% thanks to the rise of deposits
received from customer and payable advertising expenses. From Jan. to Sept. 2011, the
financial expenses dropped by 64.72% due to the increase of time deposit interest.
3.2 Analysis and explanation on the situation, impact and solution of
other major issues
3.2.1 non-standard comment
( √ ) not applicable
3.2.2 The information about the Company to offer capital to its
controlling shareholder or any related party, or provide any guarantee
outside in violation of regulations
( √ ) not applicable
3.2.3 The signing and fulfillment of major contracts for daily operations
( √ ) not applicable
3.2.4 Others
( √ ) not applicable
3.3 The execution of promised issues by the company, shareholders
and actual controller
The promise from the listing company, and its directors, supervisors, senior
managers, the shareholders holding shares more than 5%, actual controller and
other related party during or extended to the report period.
( √ )applicable
Promised issue Promisee Promised content Execution
Promise for capital Changyu (1) The shares of the Company held by Group Company will not It has already
reform Group be listed and transferred within 36 months from the date for been fulfilled.
obtaining the listing right or March 21st, 2006.
(2) Within 12 months at the expiration of the guaranteed period
mentioned above, the proportion for shares sold out as
non-listed shares initially through stock exchange in total shares
of Group Company is less than 5%, and 10% for that within 24
months at the expiration of the guaranteed period.
(3) Group Company also promised to submit the proposal in its
shareholders’ meeting 2005, 2006 and 2007 which suggest the
cash dividends proportion as more than 65% of distributable
profits made in same year, and guarantee to approve of the
proposal during the meeting.
Promise in No No No
4
acquisition report or
equity change
report
Promise for No No No
significant assets
reform
Promise on shares Changyu no competition within the industry It is always in
issuing Group strict
performance.
Other promises Changyu The Company has well noted the Securities Law, Administration It is fulfilling
including additional Group Methods of Takingover Listed Companies, Guidance on now.
promises Releasing the Limited 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.
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
Unit: CNY
item type Code Ab. Initial Share Book value at Proportion on Profit and
investment quantity end of report total securities loss during
(CNY) (share) period investment (%) report period
1 - - - 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
- - - - 52,122.00
sold during report period
Total 0.00 - 0.00 100% 52,122.00
Information on securities investment
During report period, the Company gained the yield of CNY52,122 from selling the allotted
IPO shares.
3.5.2 The Company’s Receptions, Studies and Visits during report
period
Reception date Reception place Reception way Visitor Main topic and
material
provided
July 5, 2011 Meeting room of Field survey Orient Fund Principal operation,
the Company future development
July 7, 2011 Meeting room of Field survey Yinhua Fund Principal operation,
5
the Company future development
July 14, 2011 Meeting room of Field survey Changjiang Principal operation,
the Company Securities future development
July 14, 2011 Meeting room of Field survey Huarong Securities Principal operation,
the Company future development
July 14, 2011 Meeting room of Field survey Congrong Fund Principal operation,
the Company future development
July 14, 2011 Meeting room of Field survey Shanghai Trust Principal operation,
the Company future development
July 14, 2011 Meeting room of Field survey Lombarda China Principal operation,
the Company Fund future development
July 14, 2011 Meeting room of Field survey SWS MU Fund Principal operation,
the Company future development
July 14, 2011 Meeting room of Field survey National Trust Principal operation,
the Company future development
Aug.5, 2011 Meeting room of Field survey Flying Tiger Fund Principal operation,
the Company future development
Aug.12, 2011 Meeting room of Field survey First Trust Fund Principal operation,
the Company future development
Aug.29,2011 Meeting room of Field survey Ever Bright Securities Principal operation,
the Company future development
Aug.29,2011 Meeting room of Field survey Guotai Junan Principal operation,
the Company Securities future development
Sep.1,2011 Meeting room of Field survey Xinhua Assets Principal operation,
the Company future development
Sep.1,2011 Meeting room of Field survey China AMC Principal operation,
the Company future development
Sep.2,2011 Meeting room of Field survey Founder Fubon Fund Principal operation,
the Company future development
Sep.5,2011 Meeting room of Field survey First State Principal operation,
the Company Investments future development
Sep.7,2011 Meeting room of Field survey Platinum Principal operation,
the Company future development
Sep.7,2011 Meeting room of Field survey CICC HK Securities Principal operation,
the Company future development
Sep.8,2011 Meeting room of Field survey NOMURA Principal operation,
the Company future development
Sep.8,2011 Meeting room of Field survey Sumitomo Mitsui Principal operation,
the Company future development
Sep.16,2011 Meeting room of Field survey ICBCCS Principal operation,
the Company future development
Sep.21,2011 Meeting room of Field survey FTS Fund Principal operation,
the Company future development
Sep.27, 2011 Meeting room of Field survey Broad Peak Principal operation,
the Company future development
3.6 Investment on financial derivatives
( √ ) not applicable
6
3.6.1 Investment on financial derivatives at end of report period
( √ ) not applicable
4. Audit Report
Not audited
4.1 Balance Sheet
Yantai Changyu Pioneer Wine Co., Ltd. 2011.09.30 Unit: CNY
Amount at the end of the report Amount at the beginning of the
period year
Item Parent Parent
Consolidated Consolidated
company company
amount amount
amount amount
Current assets：
Monetary fund 2,513,214,548 1,651,364,074 2,489,804,162 1,898,488,544
Settlement provisions
Placements
Financial assets for trade 21,200,000 21,200,000
Notes receivable 92,136,551 22,764,727 31,447,207 12,871,415
Account receivable 120,363,981 12,600,988 100,113,271 11,708,820
Advance money 69,273,210 58,338,771 74,728,756 40,352,558
Premiums receivable
Reinsurance receivables
Reinsurance contract reserve
Interest receivable 22,053,202 22,048,678 9,519,721 9,519,721
Dividend receivable 1,765,637,074 1,765,637,075
Other account receivable 182,098,128 1,774,883,117 30,686,838 1,155,602,622
Financial assets purchased under resale
Inventories 1,186,647,843 480,142,627 1,294,406,406 481,049,315
Non-current assets due within one year
Other current assets
Total current assets 4,206,987,463 5,808,980,057 4,030,706,362 5,375,230,070
Non-current assets：
Loans and advances
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 5,000,000 938,617,897 5,000,000 331,907,113
Real estate for investment
Fixed assets 1,283,635,150 317,925,554 1,188,081,245 325,016,812
Construction in progress 529,002,301 89,062,493 242,107,575 13,603,659
Project material
7
Liquidation of fixed assets
Biological assets for production 38,540,735 9,390,479 37,773,638 10,270,836
Oil and gas assets
Intangible assets 272,870,301 90,452,025 208,847,847 87,521,064
Development expenditure
Goodwill
Long-term deferred expenses 106,144,441 106,233,673
Assets of deferred income tax 145,219,564 22,417,777 160,275,366 27,019,769
Other non-current assets 3,889,215 4,158,009 4,351,547 4,538,447
Total non-current assets 2,384,301,707 1,472,024,234 1,952,670,891 799,877,700
Total assets 6,591,289,170 7,281,004,292 5,983,377,253 6,175,107,770
8
Current liabilities：
Short-term loan
The central bank borrowings
Deposits and interbank deposit
Borrowing money
Financial liabilities for trade
Notes payable
Accounts payable 231,760,661.00 128,312,099.00 259,022,075.00 165,884,293.00
Advance money 230,232,582.00 309,481,976.00
Financial assets sold under repurchase
agreements
Handling charges and commission
Wage payable 102,626,933.00 95,644,275.00 186,915,812.00 114,351,323.00
Tax payable 535,295,616.00 119,393,610.00 649,365,259.00 122,920,579.00
Interest payable
Dividend payable
Other accounts payable 872,405,442.00 2,568,538,804.00 476,897,721.00 1,768,065,889.00
Due to reinsurers
Insurance contract
Acting trading securities
Securities underwriting agent
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 1,972,321,234.00 2,911,888,788.00 1,881,682,843.00 2,171,222,084.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term accounts payable
Special accounts payable
Estimated liabilities
Liabilities of deferred income tax 5,286,917.00 5,336,115.00
Other non-current liabilities 120,110,000.00 8,027,001.00 100,213,000.00 8,027,000.00
Total non-current liabilities 125,396,917.00 8,027,001.00 105,549,115.00 8,027,000.00
Total liabilities 2,097,718,151.00 2,919,915,789.00 1,987,231,958.00 2,179,249,084.00
Shareholder rights and interests：
Capital stock 527,280,000.00 527,280,000.00 527,280,000.00 527,280,000.00
Capital reserve 560,378,451.00 557,222,454.00 557,222,454.00 557,222,454.00
Less: treasury stock
Special Reserve
Surplus reserve 295,942,630.00 295,942,630.00 295,942,630.00 295,942,630.00
General risk reserve
Undistributed profit 2,970,329,711.00 2,980,643,419.00 2,459,263,257.00 2,615,413,602.00
9
Currency translation differences
Total shareholder rights and interests of
4,353,930,792.00 4,361,088,503.00 3,839,708,341.00 3,995,858,686.00
parent company
Minority shareholder rights and interests 139,640,227.00 156,436,954.00
Total shareholder rights and interests 4,493,571,019.00 4,361,088,503.00 3,996,145,295.00 3,995,858,686.00
Liabilities and total shareholders rights and
6,591,289,170.00 7,281,004,292.00 5,983,377,253.00 6,175,107,770.00
interests
4.2 Profit Statement for Report Period
Yantai Changyu Pioneer Wine Co., Ltd. July-September 2011 Unit: CNY
Amount of the report period Amount of the last period
Item Consolidated Parent company Consolidated Parent company
amount amount amount amount
1. Total operating income 1,323,654,951.00 482,852,156.00 1,088,726,941.00 324,178,221.00
Business income 1,323,654,951.00 482,852,156.00 1,088,726,941.00 324,178,221.00
Interest income
Earned premiums
Fee and commission income
2. Total operating costs 804,504,127.00 427,755,783.00 669,062,708.00 311,177,549.00
Operating costs 338,905,314.00 359,214,065.00 315,882,520.00 261,728,743.00
Interest expense
Fee and commission expense
Surrender payment
Net claims paid
Net provisions for insurance contract
Policyholder dividends
Reinsurance costs
Business tax and associate charges 92,179,444.00 50,117,124.00 73,281,353.00 37,194,718.00
Sales expenses 355,503,448.00 259,583,989.00
Management expenses 27,672,927.00 26,681,117.00 33,933,757.00 28,320,816.00
Financial expenses -9,757,005.00 -8,256,523.00 -13,618,912.00 -16,066,727.00
Assets depreciation loss
Add: fair value charge profit (loss is listed
with "-")
Investment profit (loss is listed with "-") 0.00 294,848,566.00 94,440.00 94,440.00
Including: investment profit for joint-run
business and joint venture
Exchange gains (loss is listed with "-")
3. Operating profit (loss is listed with "-") 519,150,824.00 349,944,939.00 419,758,673.00 13,095,112.00
Add: Non-operating income 6,374,452.00 143,213.00 3,329,938.00 57,468.00
10
Less: non-operating expenditures 510,121.00 132,019.00 51,756.00 5,186.00
Including: non-current assets disposing loss
4. Total profit ( total loss is listed with "-") 525,015,155.00 349,956,133.00 423,036,855.00 13,147,394.00
Less: income tax expenses 135,767,854.00 14,733,986.00 109,885,157.00 777,948.00
5. Net profit (net loss is listed with "-") 389,247,301.00 335,222,147.00 313,151,698.00 12,369,446.00
Net profit of parent company's owners 386,784,180.00 335,222,147.00 298,823,242.00 12,369,446.00
Minority shareholder profit and loss 2,463,121.00 14,328,456.00
6. EPS
Basic EPS 0.73 0.64 0.57 0.02
Diluted EPS 0.73 0.64 0.57 0.02
7. Other comprehensive income
8. Total comprehensive income 389,247,301.00 335,222,147.00 313,151,698.00 12,369,446.00
Total comprehensive income attributed to
386,784,180.00 335,222,147.00 298,823,242.00 12,369,446.00
the equity holders of parent company
Total comprehensive income attributed to
2,463,121.00 14,328,456.00
the minority shareholders
11
4.3 Profit Statement from the beginning of the year to the end of the report Period
Yantai Changyu Pioneer Wine Co., Ltd. January-September 2011 Unit: CNY
Amount of the report period Amount of the last period
Parent Parent
Item Consolidated Consolidated
company company
amount amount
amount amount
1. Total operating income 4,413,676,519.00 1,363,972,382.00 3,570,612,075.00 1,070,586,358.00
Business income 4,413,676,519.00 1,363,972,382.00 3,570,612,075.00 1,070,586,358.00
Interest income
Earned premiums
Fee and commission income
2. Total operating costs 2,735,136,722.00 1,251,158,883.00 2,376,585,939.00 1,015,250,570.00
Operating costs 1,088,142,943.00 1,040,634,234.00 1,013,786,924.00 815,856,293.00
Interest expense
Fee and commission expense
Surrender payment
Net claims paid
Net provisions for insurance contract
Policyholder dividends
Reinsurance costs
Business tax and associate charges 267,882,176.00 149,277,921.00 217,235,900.00 121,483,072.00
Sales expenses 1,225,397,814.00 1,020,496,402.00
Management expenses 185,158,094.00 93,250,378.00 144,155,917.00 103,650,022.00
Financial expenses -31,444,305.00 -32,003,650.00 -19,089,205.00 -25,738,816.00
Assets depreciation loss
Add: fair value charge profit (loss is listed
with "-")
Investment profit (loss is listed with "-") 52,122.00 1,018,223,250.00 523,547.00 523,547.00
Including: investment profit for joint-run
business and joint venture
Exchange gains (loss is listed with "-")
3. Operating profit (loss is listed with "-") 1,678,591,919.00 1,131,036,749.00 1,194,549,683.00 55,859,335.00
Add: Non-operating income 10,436,628.00 1,717,494.00 8,353,880.00 266,922.00
Less: non-operating expenditures 1,498,452.00 377,941.00 623,946.00 10,418.00
Including: non-current assets disposing loss
4. Total profit ( total loss is listed with "-") 1,687,530,095.00 1,132,376,302.00 1,202,279,617.00 56,115,839.00
Less: income tax expenses 422,088,477.00 28,954,484.00 296,280,524.00 22,704,525.00
5. Net profit (net loss is listed with "-") 1,265,441,618.00 1,103,421,818.00 905,999,093.00 33,411,314.00
Net profit of parent company's owners 1,263,739,296.00 1,103,421,818.00 891,401,733.00 33,411,314.00
Minority shareholder profit and loss 1,702,322.00 14,597,360.00
6. EPS
12
Basic EPS 2.40 2.09 1.69 0.06
Diluted EPS 2.40 2.09 1.69 0.06
7. Other comprehensive income 3,155,997.00
8. Total comprehensive income 1,268,597,615.00 1,103,421,818.00 905,999,093.00 33,411,314.00
Total comprehensive income attributed to
1,266,895,293.00 1,103,421,818.00 891,401,733.00 33,411,314.00
the equity holders of parent company
Total comprehensive income attributed to
1,702,322.00 14,597,360.00
the minority shareholders
13
4.4 Cash Flow Statement from the beginning of the year to the end of the report
Period
Yantai Changyu Pioneer Wine Co., Ltd. January-September 2011 Unit: CNY
Amount of the report period Amount of the last period
Parent Parent
Item Consolidated Consolidated
company company
amount amount
amount amount
1. Cash flows from operating activities:
Cash received from sales of goods and
4,920,595,256.00 1,537,935,335.00 4,091,023,274.00 1,251,535,157.00
rending of services
Net increase of customer deposits and
interbank deposit
Net increase in borrowings from the central
bank
Net increase of capital borrowed from other
financial institutions
Cash received from the original insurance
contract
Net cash received from reinsurance
business
Net increase in insured deposits and
investments
Net increase in disposal of financial assets
Interest charges, fees and commissions
Net increase in capital borrowed
Net increase in repurchase operations funds
Tax refund received 41,557,598.00 21,324,431.00 33,952,254.00 17,233,683.00
Other cash received related to operating
133,851,070.00 115,430,573.00 161,601,597.00 543,116,584.00
activities
Subtotal of cash flows of operating
5,096,003,924.00 1,674,690,339.00 4,286,577,125.00 1,811,885,424.00
activities
Cash paid for goods and services 1,314,943,260.00 1,092,998,349.00 1,286,066,891.00 920,237,925.00
Net increase in loans and advances
Net increase on central bank and interbank
Cash payments on the original insurance
contract
Cash on payment of interest, fee and
commissions
Cash dividends paid to policyholders
Cash paid to and on behalf of employees 273,280,810.00 153,344,175.00 253,054,341.00 148,846,328.00
Cash paid for taxes and expenses 1,490,785,472.00 327,912,380.00 1,038,949,523.00 243,163,188.00
Other cash paid related to operating 829,089,136.00 229,601,960.00 830,256,153.00 19,802,466.00
14
activities
Sub-total of cash outflows of operating
3,908,098,678.00 1,803,856,864.00 3,408,326,908.00 1,332,049,907.00
activities
Net cash flow from operating activities 1,187,905,246.00 -129,166,525.00 878,250,217.00 479,835,517.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3
213,562,493.00 213,562,493.00
months
Cash received from obtaining investment
52,122.00 988,297,873.00 523,547.00 447,952,821.00
profit
Cash received from interest income 29,925,376.00 29,925,376.00 8,995,699.00 8,995,699.00
Net cash received from disposal of fixed
assets, intangible assets and other 519,564.00 519,204.00
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
244,059,555.00 1,232,304,946.00 9,519,246.00 456,948,520.00
activities
Cash paid to acquire fixed assets, intangible
471,230,763.00 172,055,526.00 315,401,701.00 22,986,608.00
assets and other long-term assets
Fixed deposit with the term of over 3
5,829,054.00 10,829,054.00
months
Cash for investment 200,258,004.00 106,000,000.00
Net increase in secured loans
Net cash paid to acquire branch and other
business unit
Other cash paid related to investment
activities
Subtotal of cash outflows of investment
471,230,763.00 372,313,530.00 321,230,755.00 139,815,662.00
activities
Net cash flow from investing activities -227,171,208.00 859,991,416.00 -311,711,509.00 317,132,858.00
3. Cash flow from financing activities
Cash received from acquiring investment 14,288,361.00
Including: cash received from acquiring
minority shareholders investment by branch
Cash received from acquiring loans 80,162,653.00
Cash received from issuance of bonds
Other cash received related to financing
activities
Subtotal cash flows of financing activities 14,288,361.00 80,162,653.00
Cash paid to pay debts 106,500,000.00 224,500,000.00 220,000,000.00
15
Cash paid to distribute dividend, profit or
738,192,000.00 738,192,000.00 641,034,421.00 634,514,850.00
pay interest
Including: dividend and profit paid to
minority shareholders by branch
Other cash paid related to financing
activities
Subtotal of cash outflows of financing
738,192,000.00 844,692,000.00 865,534,421.00 854,514,850.00
activities
Net cash flow from financing activities -723,903,639.00 -764,529,347.00 -865,534,421.00 -854,514,850.00
4. Influences of exchange rate fluctuation
on cash and cash equivalents
5. Net Increase in cash and cash
236,830,399.00 -33,704,456.00 -298,995,713.00 -57,546,475.00
equivalents
Add: balance at the beginning of the
998,934,825.00 407,619,206.00 1,998,681,278.00 1,159,666,918.00
period of cash and cash equivalents
6. Balance at the end of the period of cash
1,235,765,224.00 373,914,750.00 1,699,685,565.00 1,102,120,443.00
and cash equivalents
Yantai Changyu Wine Poineer Co., Ltd.
Board of Director
October 27th , 2011
16
