2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2017 the First Quarter Report
2017-Final 02
April 2017
1
2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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 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 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 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 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 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 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.
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Ⅳ Financial Statements
1. Financial statements
1) Consolidated balance sheet
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
ITEM At 31 March 2017 At 31 December 2016
Current assets：
Monetary fund 1,632,676,308 1,391,517,607
Financial assets which are measured by fair value
and which changes are recorded in current profit
and loss
Derivative financial liability
Notes receivable 481,064,037 210,470,027
Account receivable 197,296,359 173,062,628
Advance money 3,786,732 2,175,606
Interest receivable 0 24,200
Dividend receivable
Other account receivable 16,348,542 18,880,800
Inventories 1,864,341,209 2,248,609,740
Assets held for sale 2,000,197 2,000,197
Non-current assets due within one year
Other current assets 248,952,482 169,522,242
Total current assets 4,446,465,866 4,216,263,047
Non-current assets：
Financial assets for sale 348,270 340,263
Investment held to expiration
Long-term account receivable
Long-term equity investment
Real estate for investment
Fixed assets 4,648,604,785 4,683,187,493
Construction in progress 1,517,900,866 1,346,281,737
Project material 0 0
Liquidation of fixed assets 0 0
Biological assets for production 205,637,694 201,428,980
Oil and gas assets
Intangible assets 479,979,318 483,815,080
Development expenditure
Goodwill 121,265,866 121,265,866
Long-term deferred expenses 151,936,811 162,206,229
Assets of deferred income tax 268,201,057 295,937,037
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other non-current assets 17,471,575 17,352,239
Total non-current assets 7,411,346,242 7,311,814,924
Total assets 11,857,812,108 11,528,077,971
Current liabilities:
Short-term loan 662,801,477 662,388,882
Financial liabilities which are measured by fair
value and which changes are recorded in current
profit and loss
Derivative financial liability
Notes payable 12,000,000 38,900,000
Accounts payable 346,103,278 545,231,319
Advance money 376,769,534 425,246,421
Wage payable 166,566,373 206,431,734
Tax payable 124,611,054 144,042,600
Interest payable 566,307 563,613
Dividend payable
Other accounts payable 660,333,659 546,305,310
Liabilities held for sale
Non-current liabilities due within one year 66,680,673 71,799,093
Other current liabilities 11,163,883 11,163,883
Total current liabilities 2,427,596,238 2,652,072,855
Non-current liabilities：
Long-term loan 89,616,540 49,140,555
Bond payable
Including: Preferred stock
Perpetual capital securities
Long-term accounts payable 293,000,000 293,000,000
Long-term wages payable
Special accounts payable
Deferred income 99,132,457 101,775,243
Liabilities of deferred income tax 23,379,303 24,908,410
Other non-current liabilities 7,696,222 7,696,222
Total non-current liabilities 512,824,522 476,520,430
Total liabilities 2,940,420,760 3,128,593,285
Shareholder rights and interests：
Share capital 685,464,000 685,464,000
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 565,955,441 565,955,441
Less: Inventory shares
Other comprehensive Income -3,886,973 -5,259,014
Reasonable reserve
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 7,136,753,056 6,620,118,562
Total owner’s equity attributable to parent Company 8,727,017,524 8,209,010,989
Minority interests 190,373,824 190,473,697
Total owner's equity 8,917,391,348 8,399,484,686
Total liabilities and owner's equity 11,857,812,108 11,528,077,971
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2) Balance sheet of parent company
Unit: CNY
Item At 31 March 2017 At 31 December 2016
Current assets：
Monetary fund 560,162,806 269,460,060
Financial assets which are measured by fair value
and which changes are recorded in current profit
and loss
Derivative financial liability
Notes receivable 118,106,029 1,114,200
Account receivable 3,428,541 3,326,683
Advance money 1,974,645 702,647
Interest receivable 0 24,200
Dividend receivable 404,788,001 531,819,113
Other account receivable 3,711,085,879 3,582,532,862
Inventories 393,037,603 792,732,418
Assets held for sale 2,000,197 2,000,197
Non-current assets due within one year
Other current assets 27,178,088 20,085,058
Total current assets 5,221,761,789 5,203,797,438
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 1,834,341,541 1,834,341,541
Real estate for investment 0 0
fixed assets 338,840,340 347,481,417
Construction in progress 2,075,003 500,000
Project material 0 0
Liquidation of fixed assets 0 0
Biological assets for production 122,216,622 123,036,693
Oil and gas assets 0 0
Intangible assets 71,407,584 72,002,372
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Development expenditure 0 0
Goodwill 0 0
Long-term deferred expenses 0 0
Assets of deferred income tax 17,878,166 26,985,252
Other non-current assets 2,731,906,376 2,617,457,460
Total non-current assets 5,118,665,632 5,021,804,735
Total assets 10,340,427,421 10,225,602,173
Current liabilities:
Short-term loan 500,000,000 500,000,000
Financial liabilities which are measured by fair
value and which changes are recorded in current
profit and loss
Derivative financial liability
Notes payable
Accounts payable 104,412,844 247,568,857
Advance money 6,000,000 6,000,000
Wage payable 56,258,526 70,812,761
Tax payable 15,554,981 33,266,225
Interest payable 566,307 563,613
Dividend payable 0 0
Other accounts payable 622,025,608 368,310,362
Liabilities held for sale 0 0
Non-current liabilities due within one year 29,488,400 29,227,200
Other current liabilities 1,767,053 1,767,054
Total current liabilities 1,336,073,719 1,257,516,072
Non-current liabilities：
Long-term loan -
Bond payable
Including: Preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 19,428,754 19,933,699
Liabilities of deferred income tax
Other non-current liabilities 2,499,403 2,499,403
Total non-current liabilities 21,928,157 22,433,102
Total liabilities 1,358,001,876 1,279,949,174
Shareholder rights and interests：
Share capital 685,464,000 685,464,000
Other equity instrument 0 0
Including: Preferred stock 0 0
Perpetual capital securities 0 0
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Capital public reserve 557,222,454 557,222,454
Less: Inventory shares 0 0
Other comprehensive Income 0 0
Reasonable reserve 0 0
Surplus reserve 342,732,000 342,732,000
Retained profit 7,397,007,091 7,360,234,545
Total owner's equity 8,982,425,545 8,945,652,999
Total liabilities and owner's equity 10,340,427,421 10,225,602,173
3) Consolidated profit statement
Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2017 March 2016
I. Total Operating Revenue 1,896,586,469 1,882,230,620
Incl: Operating Revenue 1,896,586,469 1,882,230,620
II. Total Operating Cost 1,211,081,443 1,167,560,487
Incl:Operating Cost 636,501,146 605,388,600
Tax and levies on operations 110,070,692 97,663,734
Selling expenses 390,557,653 390,313,786
Administrative expenses 68,123,359 69,048,398
Finance expenses 5,828,593 5,145,969
Impairment losses of Assets - -
Add：Gains on increase in fair value of assets - -
Investment income - -
Incl. Investment income from affiliates - -
III.Operating profit 685,505,026 714,670,133
Add：Non-operating income 5,021,623 5,214,481
Including: Disposal earnings of non-current asset 2,585 94,567
Less：Non-operating expenses 71,603 158,857
Incl. Losses from disposal of non-current assets 24,517 21,839
IV.Total Profit before Taxation 690,455,046 719,725,757
Less：Income tax 174,172,291 176,813,048
V.Net profit after Taxation 516,282,755 542,912,709
Net profit attributable to Parent company 516,634,494 542,806,719
Net profit attributable to Minority interest -351,739 105,990
VI. Net after-tax of other comprehensive income 1,623,907.00 11,045,624.00
Net after-tax of other comprehensive income
1,372,041.00 10,681,557.00
attributable to owners of parent company
(I) Other comprehensive income items which will
- -
not be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
- -
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which
- -
will not be reclassified subsequently to profit and
loss
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
(II) Other comprehensive income items which
1,372,041.00 10,681,557.00
will be reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
investee accounted for using equity method which - -
will be reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair
- -
value of available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale - -
financial assets
4. The effect hedging portion of gains or losses
- -
arising from cash flow hedging instruments
5. Translation differences arising on translation of
1,372,041 10,681,557
foreign currency financial statements
6. Other - -
Net after-tax of other comprehensive income
251,866 364,067
attributable to minority shareholders
VII. Total comprehensive income 517,906,662 553,958,333
Total comprehensive income attributable to
518,006,535 553,488,276
owners of parent Company
Total comprehensive income attributable to
-99,873.00 470,057.00
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.75 0.79
(ii) Diluted earnings per share 0.75 0.79
During this report period, the issue relates to company consolidation under common control, consolidated party completes net profit
amount of CNY 0 before being consolidated, and consolidated party completes net profit amount of CNY 0 in the same period of last
year.
Legal representative: Sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun
4) Profit statement of parent company
Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2017 March 2016
I.Sales Revenue 698,458,930 429,102,315
less：Cost of sales 611,883,847 323,773,053
Tax and levies on operations 45,787,579 47,351,215
Selling and distribution expenses
General and administrative expenses 20,418,872 39,984,821
Finance expenses 4,922,061 6,317,441
Impairment losses of Assets - -
Add：Gains on increase in fair value of assets - -
Investment income 24,861,144 506,737,526
Incl. Investment income from affiliates - -
II.Operating profit 40,307,715 518,413,311
Add：Non-operating income 466,924 562,752
Including: Disposal earnings of non-current - 94,567
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
asset
Less：Non-operating expenses 31,626 36,839
Incl. Losses from disposal of non-current assets 11,641 21,839
III.Total Profit before Taxation 40,743,013 518,939,224
Less：Income tax 3,970,467 3,050,424
IV.Net profit after Taxation 36,772,546 515,888,800
V. Net after-tax of other comprehensive income -
Net after-tax of other comprehensive income
-
attributable to owners of parent company
(I) Other comprehensive income items which will
-
not be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
-
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which
-
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which will
-
be reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
investee accounted for using equity method which -
will be reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair value
-
of available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale -
financial assets
4. The effect hedging portion of gains or losses
-
arising from cash flow hedging instruments
5. Translation differences arising on translation of
-
foreign currency financial statements
6. Other -
VI. Total comprehensive income 36,772,546 515,888,800
VII. Earnings per share:
(i) Basic earnings per share 0.05 0.75
(ii) Diluted earnings per share 0.05 0.75
Legal representative: Sun Liqiang
Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
5) Consolidated cash flow statement
Unit: CNY
Three months ended 31 Three months ended
Item
March 2017 31 March 2016
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 1,653,469,554 1,852,141,728
Tax refund received 1,092,133
Other cash received related to operating activities 35,857,955 5,343,373
Subtotal of cash flows of operating activities 1,689,327,509 1,858,577,234
Cash paid for goods and services 424,736,589 444,239,863
Cash paid to and on behalf of employees 137,940,254 127,947,911
Cash paid for various taxes 564,277,054 482,676,851
Other cash paid related to operating activities 178,015,104 198,456,153
Sub-total of cash outflows of operating activities 1,304,969,001 1,253,320,778
Net cash flow from operating activities 384,358,508 605,256,456
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 3,000,000 6,000,000
Cash received from obtaining investment profit
Cash received from interest income 25,550 21,433
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 30,300 231,240
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 3,055,850 6,252,673
Cash paid to acquire fixed assets, intangible assets and other
long-term assets 142,789,698 172,593,131
Fixed deposit with the term of over 3 months 5,000,000 7,007,000
Cash for investment
Net cash paid to acquire branch and other business unit 760,824
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 147,789,698 180,360,955
Net cash flow from investing activites -144,733,848 -174,108,282
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 51,803,310 397,881,779
Other cash received related to finaning activities
Subtotal cash flows of financing activities 51,803,310 397,881,779
Cash paid to pay debts 18,643,560 101,108,029
Cash paid to distribute dividend, profit or pay interest 6,949,153 7,186,699
Including: dividend and profit paid to minority shareholders
by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 25,592,713 108,294,728
Net cash flow from financing activites 26,210,597 289,587,051
4. Influences of exchange rate fluctuation on cash and cash
equivalents 197,614 252,077
5. Net Increase in cash and cash equivalents 266,032,871 720,987,302
Add: balance at the beginning of the period of cash and
cash equivalents 1,256,942,304 1,092,241,661
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2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6.Balance at the end of the period of cash and cash
equivalents 1,522,975,175 1,813,228,963
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
6) Cash flow statement of parent company
Unit: CNY
Three months ended 31 Three months ended
Item
March 2017 31 March 2016
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 422,763,453 429,685,962
Tax refund received
Other cash received related to operating activities 198,360,050 160,725
Subtotal of cash flows of operating activities 621,123,503 429,846,687
Cash paid for goods and services 163,847,294 183,441,735
Cash paid to and on behalf of employees 33,712,684 44,615,485
Cash paid for various taxes 145,925,056 61,696,240
Other cash paid related to operating activities 17,540,294 1,025,733,883
Sub-total of cash outflows of operating activities 361,025,328 1,315,487,343
Net cash flow from operating activities 260,098,175 -885,640,656
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 3,000,000 6,000,000
Cash received from obtaining investment profit 92,701,945 1,097,942,213
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 231,240
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 95,701,945 1,104,173,453
Cash paid to acquire fixed assets, intangible assets and other
long-term assets 1,875,090 10,535,307
Fixed deposit with the term of over 3 months 5,000,000 7,007,000
Cash for investment 55,192,710
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 62,067,800 17,542,307
Net cash flow from investing activites 33,634,145 1,086,631,146
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 100,000,000
Other cash received related to finaning activities
Subtotal cash flows of financing activities 100,000,000
Cash paid to pay debts 100,000,000
Cash paid to distribute dividend, profit or pay interest 5,055,403 6,857,499
Including: dividend and profit paid to minority shareholders
by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 5,055,403 106,857,499
Net cash flow from financing activites -5,055,403 -6,857,499
4. Influences of exchange rate fluctuation on cash and cash
17
2017 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
equivalents
5. Net Increase in cash and cash equivalents 288,676,917 194,132,991
Add: balance at the beginning of the period of cash and cash
equivalents 238,003,198 143,798,080
6.Balance at the end of the period of cash and cash equivalents 526,680,115 337,931,071
Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2. Audit report
Whether the 1st quarter report has been audited.
□Yes √No
The first quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd.
Board of Directors
28th April 2017
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