2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
Shares Code: 000869， 200869 Shares Abbreviation: Changyu A， Changyu B Notice No.: 2017-Final02
Yantai Changyu Pioneer Wine Company Limited
2017 the First Quarter Report Text
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 quarter report.
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2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
II、Corporate Information
1. Key accounting data and financial indicators
Whether the Company makes retroactive adjustments or restates the accounting data of previous
fiscal years.
□ Yes V No
The same period of More or less than last
Item The report period
last year year (%)
Business income (CNY) 1,896,586,469 1,882,230,620 0.76%
Net profit attributed to the
shareholders of the listed 516,634,494 542,806,719 -4.82%
company (CNY)
Net profit attributed to the
shareholders of the listed
512,684,945 538,762,161 -4.84%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
384,358,508 605,256,456 -36.50%
operating activities (CNY)
Basic earnings per share
0.75 0.79 -5.06%
(CNY)
Diluted earnings per share
0.75 0.79 -5.06%
(CNY)
Weighted average for earning
6.10% 6.93% -0.83%
rate of the net assets
The end of the More or less than last
The end of last year
report period year (%)
Total assets (CNY) 11,857,812,108 11,528,077,971 2.86%
Net Assets attributed to the
shareholders of the listed 8,727,017,524 8,209,010,989 6.31%
company (CNY)
Details of irregular profit and loss
V Yes □ No
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets, including
-21,933
the reversal of accrued impairment provision
Government grants credited in profit and loss
(except for those recurring government grants
that are closely related to the entity's operation, 3,725,036
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 1,246,917
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2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
Less: Income tax effect 1,000,471
Total 3,949,549 --
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
42,254 Total number of 0
Total number of common preferred
shareholders at the end of report shareholders with recov
period ered voting power at the
end of report period
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
Domestic non-
YANTAI CHANGYU GROUP
state-owned 50.40% 345,473,856
COMPANY LIMITED
legal person
CHINA SECURITIES FINANCE State-owned
2.32% 15,924,155
CORP legal person
Foreign legal
GAOLING FUND,L.P. 3.11% 21,300,919
person
BBH BOS S/A FIDELITY FD - Foreign legal
2.22% 15,241,826
CHINA FOCUS FD person
TIANAN PROPERTY Domestic non-
INSURANCE CO., LTD— state-owned 1.24% 8,519,160
BAOYING NO.1 legal person
Foreign legal
NORGES BANK 0.90% 6,147,993
person
GUOTAI JUNAN Foreign legal
SECURITIES(HONGKONG) person 0.76% 5,208,208
LIMITED
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200
MANAGEMENT LTD. legal person
FIDELITY PURITAN TRUST: Foreign legal
0.60% 4,115,481
FIDELITY SERIES INTRINSIC person
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2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
OPPORTUNITIES FUND
BBH A/C VANGUARD Foreign legal
EMERGING MARKETS STOCK person 0.55% 3,788,487
INDEX FUND MASTER 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 345,473,856 A share 345,473,856
LIMITED
CHINA SECURITIES FINANCE CORP 15,924,155 A share 15,924,155
GAOLING FUND,L.P. 21,300,919 B share 21,300,919
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
TIANAN PROPERTY INSURANCE CO., LTD— 8,519,160 A share 8,519,160
BAOYING NO.1
NORGES BANK 6,147,993 B share 6,147,993
GUOTAI JUNAN SECURITIES(HONGKONG) 5,208,208 B share 5,208,208
LIMITED
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
FIDELITY PURITAN TRUST: FIDELITY SERIES 4,115,481 B share 4,115,481
INTRINSIC OPPORTUNITIES FUND
BBH A/C VANGUARD EMERGING MARKETS 3,788,487 B share 3,788,487
STOCK INDEX FUND MASTER 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 are 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.
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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2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. Great changes and reasons on main accountant data and financial index
√Available □Not available
Compared the end of the report period with the beginning of the report period: notes receivable
increases by 128.57%, mainly due to the growth on bank acceptances; accounts receivable increases
by 14%, mainly due to the expansion of Company’s direct-selling business and increase of clients’
sales amount on credit; advance payment increases by 74.05%, mainly due to the growth of
advances payment for raw material procurement; other current assets increases by 46.86%, mainly
due to the growth of pending deduction of VAT input tax; inventory decreases by 17.09%, mainly
due that the sales of products result in the reduce of inventory and materials; notes payable
decreases by 69.15%, mainly due that the notes payable amount is paid during the report period;
accounts payable decreases by 36.52%, mainly because accounts payable amount is paid during the
report period; other accounts payable increases by 20.87%, mainly due to the growth of marketing
expenses such as advertising fee payable.
Compared with the same period of last year: the net amount of other comprehensive income after-
tax increases by 85.30%, the net amount of other comprehensive income after-tax attributable to
owner of the parent company and other comprehensive income that will be reclassified into profit
and loss later increase by 87.16%, mainly due to the growth of foreign currency financial statement
converting balance of the Company’s subordinate overseas enterprises; net amount of cash flows
generated in operating activities decreases by 36.50%, mainly because of decline of received cash
from production sales and rendering of service, as well as the growth of cash payment for various
taxes; subtotal cash inflow in investment activities decreases by 51.13%, mainly due to the
reduction of regaining of the fixed deposit whose duration is more than three-month; cash received
from debts decreases by 86.98%, mainly due to the decline of bank loan; subtotal of cash outflow in
capital-raising activities reduces by 76.37%, mainly due to the decrease in the cash paid for debt
repayment; net amount of cash flow generated in capital-raising activities decreases by 90.95%,
mainly due to the decline of bank loan; net increase of cash and cash equivalents reduces by 63.10%,
mainly because of declines of received cash from production sales, rendering of service and bank
loan.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available V Not available
3. The commitments that the Company’s actual controllers, shareholders, related parties,
purchasers, the Company and other related parties do not implement completely
exceeding the time limit within report period
√available □not available
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2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
Commitment Commitment Commitment Commitment Commitment
Commitments Implementation
Party Type content time period
Commitments at
- －
share reform
Commitments
made in
acquisition - - - -
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 performing
Ltd
Clear the According to
purpose of "Trademark
brand royalty License
Contract", the
Company will
pay trademark
Commitments at
royalty for the
the initial public
"Changyu"produ
offering or Yantai
cts of Yantai
refinancing Changyu
Changyu Group Has been
Group Co., 1997.05.18 Permanent
Co., Ltd every performing
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
under timely
Yes
implementation
or not
For commitments that exceed the time limit and are not completed, specific reasons of not No
completing the implementation and the next step
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2017 the First Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
4. Forecast on the operating performance in the period from January to June of 2017
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 are 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.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
28th April 2017
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