2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co., Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2018 the Third Quarter Report
2018-Final 04
October 2018
1
2018 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 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. Zhou Hongjiang (Person in charge of the company) and Mr. Jiang Jianxun (Person in
charge of accounting and accounting organ, also Financial Director) assure the truthfulness,
accuracy and completeness of the financial statements in the quarter report.
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2018 the Third 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 end of the The end of last year More or less than
report period last year (%)
Total assets (CNY) 12,907,492,685 12,536,755,208 2.96%
Net Assets attributed to the 9,340,814,814 8,906,342,299 4.88%
shareholders of the listed
company (CNY)
More or
From beginning of
More or less than less than
The report period year to end of report
last year (%) last year
period
(%)
Business income (CNY) 1,032,328,986 0.14% 3,860,559,050 1.65%
Net profit attributed to the 133,916,250 -8.35% 769,753,655 -5.69%
shareholders of the listed
company (CNY)
Net profit attributed to the 110,520,695 -20.39% 717,199,414 -9.27%
shareholders of the listed
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the -- -- 776,840,794 -3.69%
operating activities (CNY)
Basic earnings per share (CNY) 0.20 -4.76% 1.12 -5.88%
Diluted earnings per share 0.20 -4.76% 1.12 -5.88%
(CNY)
Weighted average for earning 1.43% -0.25% 8.35% -1.21%
rate of the net assets
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
-76,376
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, 66,841,126
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 2,950,317
Less: Income tax effect 17,083,755
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Minority interests effect(after-tax) 77,071
Total 52,554,241 --
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
39,225 (20,581of Stock Total number of preferred 0
Total number of common
A and 18,644 of Stock B shareholders with recover
shareholders at the end of report
ed voting power at the en
period
d of report period
The top 10 common shareholders
Number Pledged or
of frozen
Character of Percentage
Name of Shareholders Shares held restricte
shareholders (%) Share Amo
d
status unt
shares
Domestic non-
YANTAI CHANGYU GROUP
state-owned 50.40% 345,473,856 0 -- 0
COMPANY LIMITED
legal person
Foreign legal
GAOLING FUND,L.P. 3.08% 21,090,219 0 -- 0
person
CHINA SECURITIES FINANCE State-owned
2.25% 15,440,794 0 -- 0
CORP legal person
BBH BOS S/A FIDELITY FD - Foreign legal
2.22% 15,241,826 0 -- 0
CHINA FOCUS FD person
SHENWAN HONGYUAN Foreign legal
SECURITIES(HONGKONG) person 1.27% 8,685,618 0 -- 0
LIMITED
TAIKANG LIFE INSURANCE Others
COMPANY LIMITED – UNITED
1% 6,887,535 0 -- 0
LINKED – INDUSTRIES
ALLOCATION
FIDELITY PURITAN TRUST: Foreign legal
FIDELITY SERIES INTRINSIC person 0.89% 6,100,762 0 -- 0
OPPORTUNITIES FUND
TAIKANG LIFE INSURANCE Others
0.84% 5,740,737 0 -- 0
COMPANY LIMITED ---
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
DIVIDEND ---PERSONAL
INSURANCE DIVIDEND ---
019L---FH002SHEN
GUOTAI JUNAN Foreign legal
SECURITIES(HONGKONG) person 0.73% 5,038,107 0 -- 0
LIMITED
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200
MANAGEMENT LTD. legal person
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 LIMITED 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 21,090,219 B share 21,090,219
CHINA SECURITIES FINANCE CORP 15,440,794 A share 15,440,794
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
SHENWAN HONGYUAN SECURITIES(HONGKONG) B share
8,685,618 8,685,618
LIMITED
TAIKANG LIFE INSURANCE COMPANY LIMITED – A share
6,887,535 6,887,535
UNITED LINKED – INDUSTRIES ALLOCATION
FIDELITY PURITAN TRUST: FIDELITY SERIES B share
6,100,762 6,100,762
INTRINSIC OPPORTUNITIES FUND
TAIKANG LIFE INSURANCE COMPANY LIMITED -- A share
- DIVIDEND ---PERSONAL INSURANCE DIVIDEND - 5,740,737 5,740,737
-- 019L---FH002SHEN
GUOTAI JUNAN SECURITIES(HONGKONG) B share
5,038,107 5,038,107
LIMITED
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
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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2018 the Third 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 year, accounts receivable decreases
by 17.8%, mainly due to the recovery of previous goods payment; advance payment increases by
49.29%, mainly due to the growth of advance payment for packaging material; other account
receivable decreases by 32.93%, mainly due to the recovery of partial cash deposit paid in earlier
stage and investment amount of minority shareholders; other current assets increases by 48.53%,
mainly due to the increase in input tax not deducted in this period; goodwill increases by 28.92%,
mainly due to the company’s acquisition of Kilikanoon in Australia; assets of deferred income tax
decreases by 15.65%, mainly due to the decrease in unrealized profit of inventory in the internal
transaction and wage payable; advance receipt decreases by 28.43%, mainly due to the decrease in
obtainment of advance payment from distributors; tax payable decreases by 51.39%, mainly due to
the decrease in added-value tax payable and consumption tax payable; other accounts payable
increases by 26.74%, mainly due to the increase in advertising expense payable; non-current
liabilities due within one year increases by 42.29%, mainly due to the increase in long-term loan
due within one year; other comprehensive income increases by 239.64%, mainly due to the increase
in translation differences arising on translation of foreign currency financial statements.
Compared the period from the beginning of the year to the end of report period with the same
period of last year, financial expense increases by 14.93%, mainly due to the incorporation of
newly-acquired overseas enterprise into the consolidation scope; other income increases by
124.23%, mainly due to the increase in governmental subsidy; other cash received related to
operating activities increases by 44.64%, due to the increase in governmental subsidy; other cash
received related to financing activities increases by 1704.52%, mainly due to the repeating of fixed
deposit pledged for the company’s long-term 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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2018 the Third 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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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4. Forecast on the operating performance in the year of 2018
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 Company’s receptions, studies, communications and visits
Available □Not available
Reception mode Reception object Basic information index of
Reception Time type investigate and survey
< Investor Relations Activity
Record of Yantai Changyu
Pioneer Wine Company
2018.07.02 Field survey Institution
Limited > in ‘Investor Relations
Information on CNINFO
website (www.cninfo.com.cn)
9. The situation of illegal external guarantee
□Available V Not available
There is no illegal external guarantee during the report period.
10. 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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2018 the Third 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 30 September 2018 At 31 December 2017
Current assets：
Monetary fund 1,507,762,428 1,402,522,509
Financial assets which are measured by fair value
and which changes are recorded in current profit
and loss
Derivative financial liability
Notes receivable & Account receivable 440,502,614 508,593,173
Incl: Notes receivable 223,654,454 244,796,818
Account receivable 216,848,160 263,796,355
Advance payment 3,609,668 2,417,931
Interest receivable
Dividend receivable
Other account receivable 12,729,544 18,978,422
Inventories 2,556,577,030 2,473,614,046
Assets held for sale 2,000,197 2,000,197
Non-current assets due within one year
Other current assets 342,839,401 230,822,759
Total current assets 4,866,020,882 4,638,949,037
Non-current assets：
Financial assets for sale 480,666 467,251
Investment held to expiration
Long-term account receivable
Long-term equity investment
Real estate for investment 17,582,074 18,467,989
Fixed assets 5,478,944,494 5,329,083,969
Construction in progress 1,028,608,983 1,026,141,569
Project material
Liquidation of fixed assets
Biological assets for production 203,171,240 201,929,888
Oil and gas assets
Intangible assets 662,739,630 655,448,897
Development expenditure
Goodwill 165,199,111 128,135,981
Long-term deferred expenses 224,856,962 230,009,231
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Assets of deferred income tax 259,888,643 308,121,396
Other non-current assets
Total non-current assets 8,041,471,803 7,897,806,171
Total assets 12,907,492,685 12,536,755,208
Current liabilities:
Short-term loan 753,501,353 714,434,286
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 600,341,636 666,442,879
Advance receipt 251,147,961 350,894,156
Wage payable 173,784,498 210,824,234
Tax payable 70,524,280 145,094,156
Interest payable
Dividend payable
Deferred income 15,437,490 16,878,199
Other accounts payable 765,177,765 603,735,569
Liabilities held for sale
Non-current liabilities due within one year 157,878,438 110,954,827
Other current liabilities
Total current liabilities 2,787,793,421 2,819,258,306
Non-current liabilities：
Long-term loan 134,684,845 156,125,854
Bond payable
Including: Preferred stock
Perpetual capital securities
Long-term accounts payable 235,000,000 259,000,000
Long-term wages payable
Special accounts payable
Deferred income 88,516,800 92,918,855
Liabilities of deferred income tax 24,085,949 24,264,203
Other non-current liabilities 6,848,846 7,209,312
Total non-current liabilities 489,136,440 539,518,224
Total liabilities 3,276,929,861 3,358,776,530
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 10,560,100 3,109,240
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Provision of general risk
Retained profit 7,736,103,273 7,309,081,618
Total owner’s equity attributable to parent Company 9,340,814,814 8,906,342,299
Minority interests 289,748,010 271,636,379
Total owner's equity 9,630,562,824 9,177,978,678
Total liabilities and owner's equity 12,907,492,685 12,536,755,208
Legal representative: Zhou Hongjiang; Person in charge of accounting : Jiang Jianxun; Person in charge of accounting organ: Jiang
Jianxun
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2) Balance sheet of parent company
Unit: CNY
Item At 30 September 2018 At 31 December 2017
Current assets：
Monetary fund 621,340,991 559,174,466
Financial assets which are measured by fair value
and which changes are recorded in current profit
and loss
Derivative financial liability
Notes receivable & Account receivable 56,202,850 49,450,536
Incl: Notes receivable 48,760,986 41,645,203
Account receivable 7,441,864 7,805,333
Advance payment 162,657 99,673
Interest receivable
Dividend receivable
Other account receivable 437,667,412 999,846,643
Inventories 360,755,648 348,042,053
Assets held for sale 2,000,197 2,000,197
Non-current assets due within one year
Other current assets 32,703,007 29,706,058
Total current assets 1,510,832,762 1,988,319,626
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 7,420,803,069 4,511,202,204
Real estate for investment 17,582,074 18,467,989
fixed assets 269,614,276 288,150,901
Construction in progress 13,918,231 6,756,349
Project material
Liquidation of fixed assets
Biological assets for production 119,610,212 119,572,539
Oil and gas assets
Intangible assets 67,838,855 69,623,219
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 23,790,555 28,787,907
Other non-current assets 932,200,000 3,718,674,166
Total non-current assets 8,865,357,272 8,761,235,274
Total assets 10,376,190,034 10,749,554,900
Current liabilities:
12
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Short-term loan 200,000,000 600,000,000
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 88,550,852 97,833,124
Advance receipt 6,000,000 6,000,000
Wage payable 59,650,846 70,108,076
Tax payable 3,681,742 14,569,690
Interest payable
Dividend payable
Deferred income 3,563,054 3,953,054
Other accounts payable 561,807,771 545,365,672
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 923,254,265 1,337,829,616
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 10,523,269 12,970,473
Liabilities of deferred income tax
Other non-current liabilities 1,935,802 2,235,802
Total non-current liabilities 12,459,071 15,206,275
Total liabilities 935,713,336 1,353,035,891
Shareholder rights and interests：
Share capital 685,464,000 685,464,000
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 557,222,454 557,222,454
Less: Inventory shares
Other comprehensive Income
Reasonable reserve
Surplus reserve 342,732,000 342,732,000
Retained profit 7,855,058,244 7,811,100,555
Total owner's equity 9,440,476,698 9,396,519,009
Total liabilities and owner's equity 10,376,190,034 10,749,554,900
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3) Consolidated profit statement for this report period
Unit: CNY
Three months ended 30 Three months ended 30
Item
September 2018 September 2017
I. Total Operating Revenue 1,032,328,986 1,030,899,920
Incl: Operating Revenue 1,032,328,986 1,030,899,920
II. Total Operating Cost 881,486,983 849,810,998
Incl:Operating Cost 394,965,077 329,547,531
Tax and levies on operations 45,258,725 55,781,211
Selling expenses 357,743,961 387,624,972
Administrative expenses 69,715,725 69,196,400
Research & Development expenses 1,407,641 1,142,752
Finance expenses 11,864,743 7,139,053
Incl: Interest expenses 6,703,768 7,873,529
Interest income 1,849,137 3,877,588
Impairment losses of Assets 531,111 -620,921
Add：Gains on increase in fair value of assets
Investment income
Incl. Investment income from affiliates
Gains on assets disposal -170,334 -278,016
Other income 28,858,248 29,809,744
III.Operating profit 179,529,917 210,620,650
Add：Non-operating income 2,775,336 -18,081,069
Including: Disposal earnings of non-current asset
Less：Non-operating expenses 439,049 157,492
Incl. Losses from disposal of non-current assets
IV.Total Profit before Taxation 181,866,204 192,382,089
Less：Income tax 47,969,306 44,950,415
V.Net profit after Taxation 133,896,898 147,431,674
(I) Going concern net profit 133,896,898 147,431,674
(II) Discontinued operation net profit
Net profit attributable to Parent company 133,916,250 146,115,408
Minority interest income -19,352 1,316,266
VI. Net after-tax of other comprehensive income 19,757,123 7,625,587
Net after-tax of other comprehensive income
16,681,680 6,468,774
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
16,681,680 6,468,774
will be reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
- -
investee accounted for using equity method which
14
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
16,681,680 6,468,774
foreign currency financial statements
6. Other - -
Net after-tax of other comprehensive income
3,075,443 1,156,813
attributable to minority shareholders
VII. Total comprehensive income 153,654,021 155,057,261
Total comprehensive income attributable to
150,597,930 152,584,182
owners of parent Company
Total comprehensive income attributable to
3,056,091 2,473,079
minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.20 0.21
(II) Diluted earnings per share 0.20 0.21
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: Zhou Hongjiang; Person in charge of accounting: Jiang Jianxun; Person in charge of accounting organ:
Jiang Jianxun
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4) Profit statement of parent company for this report period
Unit: CNY
Three months ended 30 Three months ended 30
Item
September 2018 September 2017
I. Sales Revenue 185,358,483 216,615,411
less：Cost of sales 163,922,392 182,660,783
Tax and levies on operations 9,009,093 9,293,101
Selling and distribution expenses
Administrative expenses 21,447,867 23,115,442
Research & Development expenses 239,075 227,673
Finance expenses 6,173,386 -6,419,161
Incl: Interest expenses 2,223,333 5,800,616
Interest income 781,752 13,540,002
Impairment losses of Assets
Add：Gains on increase in fair value of assets
Investment income 79,850,000 212,738,266
Incl. Investment income from affiliates
Gains on assets disposal -528 -457,457
Other income 1,160,677 1,668,380
II. Operating profit 65,576,819 221,686,762
Add：Non-operating income 812,444 -716,495
Including: Disposal earnings of non-current asset
Less：Non-operating expenses 299,472 18,685
Incl. Losses from disposal of non-current assets
III. Total Profit before Taxation 66,089,791 220,951,582
Less：Income tax -1,834,728 1,879,991
IV.Net profit after Taxation 67,924,519 219,071,591
(I) Going concern net profit 67,924,519 219,071,591
(II) Discontinued operation net profit
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
16
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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 67,924,519 219,071,591
VII. Earnings per share:
(I) Basic earnings per share 0.10 0.32
(II) Diluted earnings per share 0.10 0.32
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2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
5) Consolidated profit statement from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended 30
Item
September 2018 September 2017
I. Total Operating Revenue 3,860,559,050 3,797,998,117
Incl: Operating Revenue 3,860,559,050 3,797,998,117
II. Total Operating Cost 2,900,426,441 2,740,611,614
Incl:Operating Cost 1,369,522,369 1,255,301,664
Tax and levies on operations 210,534,976 216,255,209
Selling expenses 1,068,402,994 1,056,360,698
Administrative expenses 226,147,745 196,767,631
Research and development expenses 5,067,509 4,113,907
Finance expenses 24,950,685 18,287,002
Incl: Interest expenses 25,443,296 22,915,567
Interest income 9,095,007 8,726,754
Impairment losses of Assets -4,199,837 -6,474,497
Add：Other income 66,841,126 29,809,744
Investment income - -
Incl. Investment income from affiliates - -
Gains on changes in fair value
Gains on exchange
Gains on assets disposal -76,376 -773,087
III. Operating profit 1,026,897,359 1,086,423,160
Add：Non-operating income 4,781,728 5,066,536
Less：Non-operating expenses 1,831,411 344,060
IV. Total profit before taxation 1,029,847,676 1,091,145,636
Less：Income tax 259,949,041 273,703,205
V. Net profit after taxation 769,898,635 817,442,431
(I) Going concern net profit 769,898,635 817,442,431
(II) Discontinued operation net profit
Net profit attributable to parent company 769,753,655 816,184,462
Minority interest income 144,980 1,257,969
VI. Net after-tax of other comprehensive income 8,630,710 9,393,328
Net after-tax of other comprehensive income
7,450,860 7,927,583
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
2. Other comprehensive income which
cannot be transferred to profit and loss under - -
equity method
(II) Other comprehensive income items
which can be reclassified subsequently to profit or 7,450,860 7,927,583
loss
1. Other comprehensive income which can
be transferred to profit and loss under equity - -
method
18
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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 7,450,860 7,927,583
statements
6. Other - -
Net after-tax of other comprehensive income
1,179,850 1,465,745
attributable to minority shareholders
VII. Total comprehensive income 778,529,345 826,835,759
Total comprehensive income attributable to
777,204,515 824,112,045
owners of parent Company
Total comprehensive income attributable to
1,324,830 2,723,714
minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 1.12 1.19
(II) Diluted earnings per share 1.12 1.19
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.
19
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6) Profit statement of parent company from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended 30
Item
September 2018 September 2017
I. Operating Revenue 594,203,694 1,048,435,914
Less：Operating Cost 516,569,381 920,611,161
Tax and levies on operations 33,472,468 58,158,891
Selling expenses
Administrative expenses 61,014,018 62,601,562
Research and development expenses 860,671 819,621
Finance expenses -8,978,222 2,873,808
Incl: Interest expenses 13,580,944 15,825,773
Interest income 28,087,271 15,000,735
Impairment losses of Assets
Add：Other income 3,137,204 1,668,380
Investment income 392,259,576 278,866,246
Incl. Investment income from affiliates
Gains on changes in fair value
Gains on assets disposal 74,472 -447,009
II. Operating profit 386,736,630 283,458,488
Add：Non-operating income 868,923 285,028
Less：Non-operating expenses 300,000 38,942
III. Total Profit before taxation 387,305,553 283,704,574
Less：Income tax 615,864 1,198,988
IV. Net profit after taxation 386,689,689 282,505,586
(I) Going concern net profit 386,689,689 282,505,586
(II) Discontinued operation net profit
V. Net after-tax of other comprehensive income -
(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
2. Other comprehensive income which
cannot be transferred to profit and loss under -
equity method
(II) Other comprehensive income items
which can be reclassified subsequently to profit or -
loss
1. Other comprehensive income which can
be transferred to profit and loss under equity -
method
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
20
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6. Other -
VI. Total comprehensive income 386,689,689 282,505,586
VII. Earnings per share:
(I) Basic earnings per share 0.56 0.41
(II) Diluted earnings per share 0.56 0.41
21
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
7) Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended
Item
September 2018 30 September 2017
I. Cash flows from operating activities:
Cash received from sales of goods and rending of
3,758,220,631 3,748,429,160
services
Tax refund received 44,108,497 55,504,426
Other cash received related to operating activities 72,133,583 49,871,055
Subtotal of cash flows of operating activities 3,874,462,711 3,853,804,641
Cash paid for goods and services 1,148,035,339 1,022,363,394
Cash paid to and on behalf of employees 382,654,609 353,314,524
Cash paid for various taxes 980,026,533 1,071,778,605
Other cash paid related to operating activities 586,905,436 599,720,288
Sub-total of cash outflows of operating activities 3,097,621,917 3,047,176,811
Net cash flow from operating activities 776,840,794 806,627,830
II. Cash flow from investing activities:
Cash received from return of investment
Cash received from fixed deposit 315,000,000 103,000,000
Cash received from obtaining investment profit 2,663,349 682,550
Net cash received from disposal of fixed assets,
679,061 324,523
intangible assets and other 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 activities 318,342,410 104,007,073
Cash paid to acquire fixed assets, intangible assets and
194,381,509 354,737,497
other long-term assets
Cash for fixed deposit 340,000,000 201,000,000
Cash for investment
Net cash paid to acquire branch and other business unit 105,834,656 308,574,514
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 640,216,165 864,312,011
Net cash flow from investing activities -321,873,755 -760,304,938
III. Cash flow from financing activities
Cash received from acquiring investment 48,396,726
Incl: Cash received from acquiring minority shareholders
48,396,726
investment by branch
Cash received from acquiring loans 693,422,472 789,967,950
Other cash received related to financing activities 23,521,431 1,303,473
Subtotal cash flows of financing activities 716,943,903 839,668,149
Cash paid to pay debts 697,658,527 591,490,823
Cash paid to distribute dividend, profit or pay interest 370,522,623 369,915,621
Incl: dividend and profit paid to minority shareholders by
branch
Other cash paid related to financing activities 20,000,000
Subtotal of cash outflows of financing activities 1,088,181,150 961,406,444
Net cash flow from financing activities -371,237,247 -121,738,295
IV. Influences of exchange rate fluctuation on cash and cash
-1,776,998 2,252,682
equivalents
V. Net Increase in cash and cash equivalents 81,952,794 -73,162,721
22
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Add: Balance at the beginning of the period of cash and
1,180,889,274 1,256,942,304
cash equivalents
VI. Balance at the end of the period of cash and cash
1,262,842,068 1,183,779,583
equivalents
23
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
8) Cash flow statement of parent company from the beginning of the year to the end of the report period
Unit: CNY
Nine months ended 30 Nine months ended
Item
September 2018 30 September 2017
I. Cash flows from operating activities:
Cash received from sales of goods and rending of
500,155,064 682,267,341
services
Tax refund received
Other cash received related to operating activities 117,304,238 282,251,646
Subtotal of cash flows of operating activities 617,459,302 964,518,987
Cash paid for goods and services 324,043,336 329,643,068
Cash paid to and on behalf of employees 61,318,451 77,242,480
Cash paid for various taxes 56,041,351 176,498,230
Other cash paid related to operating activities 35,822,969 81,894,029
Sub-total of cash outflows of operating activities 477,226,107 665,277,807
Net cash flow from operating activities 140,233,195 299,241,180
II. Cash flow from investing activities:
Cash received from return of investment
Cash received from fixed deposit 305,000,000 103,000,000
Cash received from obtaining investment profit 799,859,450 714,832,479
Net cash received from disposal of fixed assets,
538,055 317,078
intangible assets and other 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 activities 1,105,397,505 818,149,557
Cash paid to acquire fixed assets, intangible assets and
15,121,500 5,101,890
other long-term assets
Cash for fixed deposit 340,000,000 105,000,000
Cash for investment 107,194,420 349,440,824
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 462,315,920 459,542,714
Net cash flow from investing activities 643,081,585 358,606,843
III. Cash flow from financing activities
Cash received from acquiring investment
Cash received from acquiring loans 200,000,000 600,000,000
Other cash received related to financing activities
Subtotal cash flows of financing activities 200,000,000 600,000,000
Cash paid to pay debts 600,000,000 530,339,600
Cash paid to distribute dividend, profit or pay interest 356,615,750 358,704,864
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 956,615,750 889,044,464
Net cash flow from financing activities -756,615,750 -289,044,464
IV. Influences of exchange rate fluctuation on cash and cash
equivalents
V. Net Increase in cash and cash equivalents 26,699,030 368,803,559
Add: balance at the beginning of the period of cash and
493,568,866 238,003,198
cash equivalents
VI. Balance at the end of the period of cash and cash
520,267,896 606,806,757
equivalents
24
2018 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. Audit report
Whether the 3rd quarter report has been audited.
□Yes √No
The third quarter report has not been audited.
Yantai Changyu Pioneer Wine Co., Ltd.
Board of Directors
30th October 2018
25
