2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Stock code：000869、200869 Stock Name：Changyu Ａ、Changyu Ｂ Number：2013-ding04
Yantai Changyu Pioneer Wine Co. Ltd.
2013 the Third Quarter Report Text
OCT 2013
1
2013 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
management of the Company confirm that to the best of their knowledge and belief there are
no unfaithful facts, significant omissions or misleading statements in this quarterly report,
and collectively and individually accept full legal responsibility.
All the directors have personally attended the Board of Directors’ meeting for this quarterly
report.
Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr.
Jiang Jianxun (Financial Manager) assure the truthfulness, accuracy and completeness of the
financial report in the quarterly report.
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key accounting data and financial indicators
Whether the Company makes retroactive adjustments or restates the accounting data of previous
fiscal years because of changes of accounting policy and/or accounting errors.
□Yes V No
More or less than
At the end of the report period At the end of last year
the end of last year
Total assets (CNY) 7,938,843,753.00 8,123,134,580.00 -2.27%
Net Assets attributed to the
shareholders of the listed company 6,027,879,703.00 5,913,104,178.00 1.94%
(CNY)
More or less than the
More or less than The beginning of the same period from the
In the report period the same period of last year to the end of the beginning of the year
year(%) report period to the end of the report
period(%)
Business revenue (CNY) 809,128,064.00 -27.19% 3,348,506,298.00 -18.8%
Net profit attributed to the
shareholders of the listed company 128,211,704.00 -46.94% 868,785,925.00 -25.28%
(CNY)
Net profit attributed to the
shareholders of the listed company
125,190,182.00 -47.43% 861,904,605.00 -25.32%
after deducting the irregular profit
and loss (CNY)
Net cash flows from the operating
-- -- 657,198,343.00 5.77%
activities (CNY)
Basic earnings (CNY) per share 0.19 -45.71% 1.27 -25.29%
Diluted earnings (CNY) per share 0.19 -45.71% 1.27 -25.29%
Weighted average return on net
2.02% -2.58% 13.73% -8.09%
assets(%)
Details of irregular profit and loss
V Yes □ No
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Unit: CNY
Amount from the beginning
Item of the year to the end of Explanation
report period
Gain on disposal of non-current assets, including the reversal of
-389,419.00 -1,822,242
accrued impairment provision
Tax refund or exemption that is either non-recurring or without
0.00 4,498,219
proper approval
Government grants credited in profit and loss (except for those
recurring government grants that are closely related to the entity's
7,404,700.00 6,372,646
operation, in line with related regulations and have proper basis of
calculation)
Other non-operating expense and income 1,309,455.00 1,644,847
Less: Income tax effect 1,443,416.00 2,112,668
Total 6,881,320.00 --
The reasons shall be made clear and definitely as to the non-recurring profit and loss that the Company
has defined by virtue of the Explanatory Announcement on Public Company’s Information Disclosure
No.1 - Non-recurring Profit and Loss and as to regarding the non-recurring profit and loss as recurrent
profit and loss as specified in the Explanatory Announcement on Public Company’s Information
Disclosure No.1 - Non-recurring Profit and Loss.
□Available V Not available
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2.The total number of the shareholders and top 10 shareholders with unrestricted shares at
the end of the report period
Unit: share
49,422 shareholders, including 36,482 shareholders with A shares, 12,940
Total number of shareholders
shareholders with B shares
The top 10 shareholders with unrestricted shares
Number of Pledged or frozen
Character of
Name of Shareholders Percentage(%) Shares held restricted Share status Amount
shareholders
shares
Domestic
YANTAI CHANGYU
non-state-owne 50.4% 345,473,856 0 ? ?
GROUP CO. LTD
d legal person
Foreign
GAOLING FUND,L.P. 3.53% 24,176,997 0 ? ?
shareholder
GOVERNMENT OF
Foreign
SINGAPORE INV. 2.71% 18,569,016 0 ? ?
shareholder
CORP.- A/C "C"
BBH BOS S/A
Foreign
FIDELITY FD - CHINA 2.35% 16,106,326 0 ? ?
shareholder
FOCUS FD
HTHK/CMG
FSGUFP-CMG FIRST Foreign
1.84% 12,599,929 0 ? ?
STATE CHINA shareholder
GROWTH FD
GSIC A/C MONETARY
Foreign
AUTHORITY OF 0.87% 5,957,159 0 ? ?
shareholder
SINGAPORE
HTHK-MANULIFE Foreign
0.77% 5,272,277 0 ? ?
CHINA VALUE FUND shareholder
BBH A/C VANGUARD
Foreign
EMERGING MARKETS 0.72% 4,934,566 0 ? ?
shareholder
STOCK INDEX FUND
UBS CUSTODY
Foreign
SERVICES SINGAPORE 0.65% 4,431,632 0 ? ?
shareholder
PTE. LTD.
UBS (LUXEMBOURG) Foreign
0.57% 3,923,180 0 ? ?
S.A. shareholder
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
The top 10 shareholders with unrestricted shares
Name of Shareholders Number of unrestricted shares held Type of share
Type of share Amount
YANTAI CHANGYU GROUP CO. LTD 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 24,176,997 B share 24,176,997
GOVERNMENT OF SINGAPORE INV. B share
18,569,016 18,569,016
CORP.- A/C "C"
BBH BOS S/A FIDELITY FD - CHINA B share
16,106,326 16,106,326
FOCUS FD
HTHK/CMG FSGUFP-CMG FIRST B share
12,599,929 12,599,929
STATE CHINA GROWTH FD
GSIC A/C MONETARY AUTHORITY B share
5,957,159 5,957,159
OF SINGAPORE
HTHK-MANULIFE CHINA VALUE B share
5,272,277 5,272,277
FUND
BBH A/C VANGUARD EMERGING B share
4,934,566 4,934,566
MARKETS STOCK INDEX FUND
UBS CUSTODY SERVICES B share
4,431,632 4,431,632
SINGAPORE PTE. LTD.
UBS (LUXEMBOURG) S.A. 3,923,180 B share 3,923,180
The explanation for the associated Among the top 10 shareholders, Yantai Changyu Group Company Limited has no
relationship and accordant action of the associated relationship or accordant action relationship with the other 9 listed
top 10 shareholders shareholders, and the relationship among the other shareholders is unknown.
Explanation for the shareholders who
involved in financing activities and stock No
trading business(if yes)
Whether or not to be agreed to buy back trading by Company shareholders during the report period
□ Yes √ No
III Major Issue
1. The great changes and reasons on main accountant data and financial index during the
report period
Compared the end of the report period with the beginning of the year, interest receivable of the
Company is increased by 50.88%, main reason for changes is due to increasing deposit interest
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
receivable; construction in process is increased by 49.94%, it is mainly because of increasing
project investment during the report period; productive biological asset is increased by 111.95%,
main reason for the change is due to expending the scale of proprietary vineyard; advance receipt is
decreased by 50.15%，it is mainly because of decreasing advance loan from customers.
From January to September 2013, cash received relating to other operating activities for the
Company is increased 72.20% compared with the same period of last year, it is mainly because of
receiving more government subsidies; cash paid for goods purchased and labor services received is
decreased 33.48% compared with with the same period of last year, main reason for the change is
due to decreasing raw materials procurement cost; cash payment relating to other operating
activities is decreased by 33.06%, it is mainly because of decreasing marketing cost.
From July to September 2013, Company is affected by the national related policy, sales volume of
high-end wine from the Company’s chateaus has been greatly declined, which caused the operating
revenue decreased by 27.19% comparing with the same period of last year; therefore, the Company
has reinforced cost control, which caused selling expenses decreased by 30.81% compared with the
same period of last year, net profit attributed to the parent company’s shareholders decreased by
46.94%.
2. The commitments of the Company or shareholders of the Company holding more than 5%
in the report period or until the report period
Commitment Commitment Commitment Commitment
Commitments Implementation
party content time period
has been
Commitments at share reform - 2006.03.11 3 years
fulfilled
Commitments made in acquisition report
-
or equity changes report
Commitments at asset restructuring -
According to
"Trademark
License Contract",
the Company will
Commitments at the initial public offering Yantai Changyu pay trademark In-process
1997.05.18 Forever
or refinancing Group Co., Ltd royalty for the performed
"Changyu"product
s of Yantai
Changyu Group
Co., Ltd every
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
year, Yantai
Changyu Group
Co., Ltd will use
trademark to
advertise Changyu
trademarks and the
Contract products.
Yantai Changyu Intra-industry Has been
1997.05.18 Forever
Group Co, Ltd competition performed
Commitments made to the minority
-
shareholders of the Company
Commitment under timely implementation
Yes
or not
Specific reasons of not completing the
No
implementation and the next step
3. Operating performance’s forecast in 2013
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.
□ Yes V No
4. The Company’ s Receptions, Studies and Visits during report period
Reception date Reception place Reception way Type of Visitor Reception date
Visitor
Guangzhou Changjin
Investment Management
Co., LTD. Zheng Youfeng,
JingLin Asset Management
Co., LTD. Gao Xiang,
Meeting room of Field survey current business operation
2013.09.17 Institution Everbright Pramerica Fund
the Company situation and other issues
Management Co., Ltd.Shi
Xingtao, Anbang Asset
Management Co., LTD Li
Linwei
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2013 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
2013.10.22
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