2017 Semi-annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd. Shares Code: 000869, 200869 Shares Abbreviation: Changyu A, Changyu B Notice No.: 2017-Final03 Yantai Changyu Pioneer Wine Co. Ltd. 2017 Semi-annual Report Abstract 1. Important Warning This Semi-annual Report abstract comes from the whole contents of Semi-annual Report. If investors desire to comprehend the Company’s operating results, financial situation and future development plan, please read the Semi-annual Report on the media specified by the China Securities Regulatory Commission. Directors, Supervisors, Senior Management Staffs of the Company have no objection with this report. Expect the following directors, other directors have personally attended the Board of Directors’ meeting for deliberating this Semi-annual report. Director name with Director post with Reason for non-present Mandatary Name non-present in person non-present in person in person Liu Yan Independent director Business trip Luo Fei Wei Anning Director Business trip Qu Weimin Non-standard audit opinion notice □Available Not available The preliminary scheme of the report period’s common stock profit distribution or increasing equity with reserve deliberated by the Board of Directors. □Available Not available In the first half year, the Company has no plan to distribute cash dividends and bonus shares; capital reserve will not be transferred to equity. The preliminary scheme of this report period’s preferred share profit distribution deliberated and passed by the board □Available Not available 2. Brief Introduction of the Company 1)、Company introduction Changyu A, 000869, Abbreviation of the Shares: Code number of the Shares Changyu B 200869 Place of listing of the Shares Shenzhen Stock Exchange Secretary to the Board of Authorized Representative of the Contact person and information Directors Securities Affairs Name Mr. Qu Weimin Mr. Li Tingguo 56 Dama Road, Yantai, 56 Dama Road, Yantai, Address Shandong, China Shandong, China Tel 0086-535-6633656 0086-535-6633656 E-mail quwm@changyu.com.cn stock@changyu.com.cn 1 2017 Semi-annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd. 2)、Key accounting data and financial indicators Whether the Company makes retroactive adjustments or restates the accounting data of previous fiscal years. □Yes No In the same period of last More or less than last In the report period year year (%) Business revenue (CNY) 2,767,098,197 2,753,032,799 0.51% Net profit attributed to the shareholders of the listed 670,069,054 695,021,847 -3.59% company (CNY) Net profit attributed to the shareholders of the listed company after deducting the 652,906,375 678,478,321 -3.77% irregular profit and loss (CNY) Net cash flows from the 420,360,319 682,748,369 -38.43% operating activities (CNY) Basic earnings per share 0.98 1.01 -2.97% (CNY/share) Diluted earnings per share 0.98 1.01 -2.97% (CNY/share) Weighted average for earning 7.84% 8.78% -0.94% rate of the net assets The end of the report More or less than last The end of last year period year (%) Total assets (CNY) 12,273,978,471 11,528,077,971 6.47% Net Assets attributed to the shareholders of the listed 8,880,538,852 8,209,010,989 8.18% company (CNY) 2 2017 Semi-annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd. 3)、Number of shareholder and shareholding situation Unit: share Total number of preferred Total common shareholders at the end 43,009 (23,475StockStock A of shareholder recovering and 19,534 of B) voting power at the end of 0 of report period report period The top 10 shareholders holding situation Number Pledged or Shares held of frozen Character of Percentage until the end Name of Shareholders shareholders (%) of the report restricte Share period d Amount status shares Domestic 50.40% 345,473,856 YANTAI CHANGYU non-state-owned GROUP CO. LTD. legal person Foreign legal 3.11% 21,300,919 GAOLING FUND,L.P. person CHINA SECURITIES State-owned legal 2.32% 15,924,155 person FINANCE CORP BBH BOS S/A FIDELITY Foreign legal 2.22% 15,241,826 FD - CHINA FOCUS FD person TIANAN PROPERTY Domestic 1.43% 9,774,689 INSURANCE CO., non-state-owned LTD—BAOYING NO.1 legal person GUOTAI JUNAN 0.96% 6,582,957 Foreign legal SECURITIES(HONGKON person G) LIMITED FIDELITY PURITAN 0.88% 6,000,851 TRUST: FIDELITY Foreign legal SERIES INTRINSIC person OPPORTUNITIES FUND CENTRAL HUIJIN 0.69% 4,761,200 State-owned legal ASSET MANAGEMENT person LTD. 0.55% 3,788,487 BBH A/C VANGUARD Foreign legal EMERGING MARKETS person STOCK INDEX FUND FIDELITY CHINA 0.55% 3,779,202 Foreign legal SPECIAL SITUATIONS person PLC The explanation for the associated relationship and accordant Among the top 10 shareholders, Yantai action Changyu Group Company Limited has no 3 2017 Semi-annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd. associated relationship or accordant action relationship with the other 9 listed shareholders, and the relationship among the other shareholders is unknown. The top 10 shareholders do not involve in Explanation for whom involved in financing activities and stock financing activities and stock trading trading business (if any) business 4)、Changes of controlling shareholders or the actual controllers situation Changes of the controlling shareholders during the report period □Available Not available There is no any change of the controlling shareholders during the report period. Changes of the actual controllers during the report period □Available Not available There is no any change of the actual controllers during the report period 5)、Number of preferred shareholder and situation of preferred shares held by top ten preferred shareholders □Available Not available There are no shares held by preferred shareholders during the report period. 6)、 Company Bonds Whether the Company exists public offering and lists on the Stock Exchange, and the Company is unable to fully pay company bonds in the approved announcement date of this Semi-annual report before maturity or in the maturity date. No. 3. Management Discussion and Analysis 1)、Brief introduction of operation situation during the report period Whether the Company need to follow the disclosure requirement of special business? No. 2)、Related items involving financial report (1)Explanation for the changes of the accounting policy, accounting estimation and accounting method □Available Not available There are no changes to the accounting policy, accounting estimation and accounting method during the report period. 4 2017 Semi-annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd. (2)During the report period, the situation explanation for the correction of major accounting errors which need to be retrospect and restated □Available Not available There is no situation for the correction of major accounting errors which need to be retrospect and restated. (3)Compared with the previous year’s financial report, explanation for the changes of the consolidated statements scope. Available □Not available 5