2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co., Ltd.
Yantai Changyu Pioneer Wine Co., Ltd.
2019 the Third Quarter Report
Final 2019-04
October 2019
1
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co., Ltd.
I. Important Notice
The board of directors, the board of supervisors, directors, supervisors and senior executives
of the Company guarantee the truthfulness, accuracy and completeness of the contents
contained in the third quarter report with no false records, misleading statements or
significant omissions, and undertake individual and joint legal liabilities.
All directors attended the meeting for deliberating this quarter report.
Mr. Zhou Hongjiang (Person in charge of the Company), Mr. Jiang Jianxun (Person in
charge of accounting work) and Mrs. Guo Cuimei (Person in charge of accounting organ &
Accountant in charge) assure the truthfulness, accuracy and completeness of the financial
statements in the third quarter report.
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2019 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 √ No
The end of this The end of last year More or less than
report period last year (%)
Total assets (CNY) 13,191,032,907.00 13,117,729,052.00 0.56%
Net Assets attributed to the
shareholders of the listed 9,900,902,802.00 9,606,099,365.00 3.07%
company (CNY)
From the More or
More or less than beginning of the less than
This report period
last year (%) year to the end of last year
this report period (%)
Operating income (CNY) 968,100,175.00 -6.22% 3,526,374,960.00 -8.66%
Net profit attributed to the
shareholders of the listed 125,557,834.00 -6.24% 728,961,623.00 -5.30%
company (CNY)
Net profit attributed to the
shareholders of the listed
company after deducting the 119,702,422.00 8.31% 672,193,117.00 -6.28%
irregular profit and loss
(CNY)
Net cash flow from operating
-- -- 645,331,713.00 -16.93%
activities (CNY)
Basic earnings per share
0.18 -5.26% 1.06 -5.36%
(CNY)
Diluted earnings per share
0.18 -5.26% 1.06 -5.36%
(CNY)
Weighted average for earning
1.31% -0.12% 7.38% -0.97%
rate of the net assets
Details of irregular profit and loss
√Available □Not available
Unit：CNY
Amount from the
Item beginning of the year to Explanation
the end of report period
Gain on disposal of non-current assets, including
-166,664.00
the reversal of accrued impairment provision
Government grants credited in profit and loss
(except for those recurring government grants
69,007,365.00
that are closely related to the entity's operation,
in line with related regulations and have proper
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
basis of calculation)
In addition to the effective hedging business
related to the Company’s normal business, the
profit and loss from changes in fair value arising
from the holding of transactional financial assets,
derivative financial assets, transactional financial
liabilities and derivative financial liabilities, and 830,841.00
the investment income from disposal of
transactional financial assets, derivative financial
assets, transactional financial liabilities,
derivative financial liabilities and other debt
investments
Other non-operating income and expenses 5,352,597.00
Less: Income tax effect 18,196,023.00
Minority interests effect(after-tax) 59,610.00
Total 56,768,506.00 --
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 √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 the shareholding of top 10 shareholders at the end
of the report period
1) The total number of common shareholders and the total number of preferred shareholders with
recovered voting power as well as the shareholding of top 10 shareholders
Unit: share
42639 Total number of preferred 0
Total number of common
shareholders with recovere
shareholders at the end of report
d voting power at the end o
period
f report period (if have)
The top 10 common shareholders
Number Pledged or
Shareholdin Number of of frozen
Character of
Name of Shareholders g ratio holding restricte
shareholders Share Num
(%) shares d
status ber
shares
Domestic non-
YANTAI CHANGYU GROUP
state-owned 50.40% 345,473,856 0 -- 0
CO. LTD.
legal person
Foreign legal
GAOLING FUND,L.P. person 3.08% 21,090,219 0 -- 0
CHINA SECURITIES State-owned
legal person 2.25% 15,440,794 0 -- 0
FINANCE CORP
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
BBH BOS S/A FIDELITY FD - Foreign legal
2.22% 15,241,826 0 -- 0
CHINA FOCUS FD person
SHENWAN HONGYUAN
Foreign legal
SECURITIES(HONG KONG) 1.27% 8,732,233 0 -- 0
person
LIMITED
FIDELITY PURITAN TRUST:
Foreign legal
FIDELITY SERIES INTRINSIC 0.93% 6,350,762 0 -- 0
person
OPPORTUNITIES FUND
GUOTAI JUNAN
Foreign legal
SECURITIES(HONGKONG) 0.76% 5,207,553 0 -- 0
person
LIMITED
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200 0 -- 0
MANAGEMENT LTD. legal person
VANGUARD EMERGING
Foreign legal
MARKETS STOCK INDEX 0.55% 3,788,487 0 -- 0
person
FUND
FIDELITY CHINA SPECIAL Foreign legal
0.55% 3,779,202 0
SITUATIONS PLC person
The shareholding of top 10 shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Number
shares held share
YANTAI CHANGYU GROUP CO. LTD. 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(HONG
8,732,233 B share 8,732,233
KONG) LIMITED
FIDELITY PURITAN TRUST: FIDELITY SERIES
6,350,762 B share 6,350,762
INTRINSIC OPPORTUNITIES FUND
GUOTAI JUNAN SECURITIES(HONGKONG)
5,207,553 B share 5,207,553
LIMITED
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
VANGUARD EMERGING MARKETS STOCK
3,788,487 B share 3,788,487
INDEX FUND
FIDELITY CHINA SPECIAL SITUATIONS PLC 3,779,202 B share 3,779,202
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
shareholders who involved in
No
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 conduct agreed buy-back transaction during the report period
□ Yes √ No
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
There are no top 10 common shareholders or top 10 common shareholders with unrestricted shares
in the Company conduct agreed buy-back transaction during the report period.
2) The total number of preferred shareholders and the shareholding of top 10 preferred
shareholders
□Available √Not available
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. Situation and reasons on changes in main financial data and financial index during the
report period
√Available □Not available
Compared the end of the report period with the beginning of the year, Notes Receivable decreases
by 100%, mainly due to adjustment to Receivables Financing resulting from change in accounting
policy; Accounts Receivable decreases by 18.12%, mainly due to the reduce in credit sale resulting
from the reduce in the direct supply business of sales business; Interest Receivable increases by
107.65%, mainly due to the received one-off interest resulting from the expiration of fixed deposit;
Accounts Payable decreases by 20.34%, mainly owing to the payment of previous debt; Advances
From Customers decreases by 29.42%, mainly owing to the reduce in accumulated Advances From
Customers resulting from the improvement in the Company’s production efficiency and the
shortening of supply period after receiving the payment; Interest Payable increases by 389.91%,
mainly owing that the Company’s overseas enterprise need to pay the expired loan interest all at
once; Deferred Tax Liabilities decreases by 25.15%, mainly owing to the amortization of assets
appraisal appreciation resulting from the business combination not under common control.
Compared the first three quarters in 2019 with the same period in last year, Financial Expenses and
Interest Expenses respectively decreases by 29.91% and 29.42%, mainly owing to obtainment of
forestry loan with discounted interest this year; Non-operating Income increases by 30.57%, mainly
owing to the increased waste income including offcut sales etc.
Compared the third quarter in 2019 with the same period in last year, Financial Expenses decreases
by 26.68%, mainly owing to the increase in Interest Income; Interest Income increases by 187.05%,
mainly owing to the increase in fixed deposit and call deposit; Other Income decreases by 83.38%,
mainly owing to the year-on-year decrease in received government grants; Loss for Impairment of
Assets increases by 739.26%, mainly owing to the loss on inventory valuation.
2. Analysis explanation of the major issue’s progress as well as its influence and solution
□Available √Not available
Implementation progress of share repurchases
□Available √Not available
Implementation progress of reducing repurchased shares by the way of centralized competitive
bidding
□Available √Not available
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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 the report period
√Available □Not available
Commitment Commitment Commitment Commitment Commitment
Commitments Implementation
Party Type content time period
Commitments at
shareholding - －
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 According to License Contract,
Trademark the trademark use
License fee annually
charged by Yantai
Contract, the
Changyu Group
trademark use fee
Commitments at Co., Ltd. shall be
annually paid by
the initial public mainly used to
this company to
offering or Yantai publicize
Yantai Changyu trademarks
refinancing Changyu Group Co., Ltd. including
Group Co., will be mainly 1997.05.18 Permanent Chagnyu and
Ltd. used by Yantai contractual
Changyu Group products. Except
Co., Ltd. to 2013 to 2017
publicize during which the
trademarks commitment was
including not strictly
Chagnyu and performed, Yantai
contractual Changyu Group
products. Co., Ltd. has been
performing the
commitment.
Equity incentive
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
commitments
Commitments
made to the
minority - - - -
shareholders of
the Company
Commitment
under timely
No
implementation
or not
According to the Trademark License Contract (hereafter referred to as “the Contract”), Changyu
Group promises that the trademark use fee annually paid by this Company to Changyu Group shall be
mainly used by Changyu Group to publicize trademarks and contractual products. But above-
mentioned ‘mainly’ is not a specific number, which is easy to cause divergence due to different
understanding and leads to problem appearance during the implementation process.
From 2013 to 2017, Changyu Group collected the total trademark use fee of CNY420,883,902, of
which 51% should be used to publicize trademarks including Changyu and contract products with the
Detailed
amount of CNY214,650,790. The amount has been used to publicize trademarks including Changyu
explanation for
and contract products is CNY50,025,181, with a balance of CNY164,625,609. In 2018 and 2019, the
specific reasons of
collected trademark use fee for 2017 and 2018 is CNY155,623,907, of which 51% should be used to
unimplemented
publicize trademarks including Changyu and contract products with the amount of CNY79,368,193.
commitment as
The amount has been used to publicize trademarks including Changyu and contract products is
well as next work
CNY12,225,187, with a balance of CNY67,143,006.
plan if
From 2013 to December 31st, 2018, the accumulated balance that should be used by Changyu Group
commitment is
to publicize trademarks including Changyu and contract products is CNY231,768,615.
not completed in
Changyu Group promises that the four-year trademark use fee from 2019 to 2022 will be used for
the commitment
offset. If insufficient, the shortfall would be filled in one time in 2023. If there is any excess, the
period
excess portion of the trademark use fee would be collected from the year with excess occurrence.
If Changyu Group is not able to implement above-mentioned commitment owing to various reasons,
this Company will timely supervise and urge Changyu Group to fulfill its commitment and request
Changyu Group to raise funds through bank loaning, assets sales and equity sales etc in order to
implement the commitment.
For other details, please refer to Announcement on Commitment Issues of Yantai Changyu Group
Company Limited disclosed by this Company on April 4th, 2019.
4. The situation of security investment
□Available √ Not available
There is no security investment during the report period.
5. Entrusted financial management
□Available √ Not available
There is no entrusted financial management during the report period.
6. The situation of derivative investment
□Available √ Not available
There is no derivative investment during the report period.
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
7. The activity registration form of receptions, communication and interview etc. during the
report period
√ Available □Not available
Type of reception Basic information index of
Reception Time Reception mode investigation and survey
object
Investor Relations Activity
Registration Form on
2019.09.06 Other Individual
September 6th, 2019 disclosed
by the Company
8. The situation of illegal external guarantee
□Available √ 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 √ Not available
There is no non-operating fund occupation of controlling shareholders and related parties during the
report period.
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2019 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
th st
Item September 30 , 2019 December 31 , 2018
Current Assets：
Monetary fund 1,485,486,851.00 1,475,700,477.00
petty cash
Lending funds
Transactional financial assets
Financial assets measured by fair value with
changes recorded into current profits and losses
Derivative financial assets
Notes receivable 288,667,988.00
Accounts receivable 198,265,958.00 242,153,083.00
Receivables Financing 213,036,791.00
Accounts prepaid 4,252,695.00 4,219,949.00
Premiums receivable
Reinsurance accounts receivable
Receivable reserves for reinsurance contract
Other receivables 21,630,327.00 22,636,086.00
Including: Interest receivable 2,767,325.00 1,332,681.00
Dividends receivable
Buying back the sale of financial assets
Inventory 2,907,547,242.00 2,724,591,457.00
Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 265,584,006.00 258,676,396.00
Total Current Assets 5,095,803,870.00 5,016,645,436.00
Non-current Assets：
Offering loans and imprest
Debt investment
Financial assets for sale 467,251.00
Other debt investment
Held-to-maturity investment
Long-term account receivable
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Long-term equity investment 43,776,540.00
Investment in other equity instrument
Other non-current financial assets 511,751.00
Real estate for investment 30,177,815.00 31,572,489.00
Fixed assets 5,612,020,771.00 5,749,731,667.00
Construction in progress 867,068,782.00 759,296,591.00
Biological assets for production 203,908,753.00 209,266,373.00
Oil and gas assets
Right-of-use assets
Intangible assets 650,906,119.00 655,473,459.00
Development expenditure
Goodwill 149,437,671.00 165,199,111.00
Long-term deferred expenses 273,228,605.00 244,640,416.00
Deferred tax assets 264,192,230.00 285,436,259.00
Other non-current assets
Total Non-Current Assets 8,095,229,037.00 8,101,083,616.00
Total Assets 13,191,032,907.00 13,117,729,052.00
Current liabilities：
Short-term loan 687,652,403.00 688,002,410.00
Borrowings from the Central Bank
Borrowing funds
Transactional financial liability
Financial liabilities measured by fair value
with changes recorded into current profits and
losses
Derivative financial liabilities
Notes payable
Accounts payable 568,467,737.00 713,572,881.00
Advances from customers 159,561,019.00 226,075,244.00
Sales/buyback financial assets
Customer and interbank deposits
Acting trading securities
Acting underwriting securities
Wage payable 174,007,285.00 212,304,217.00
Tax payable 193,650,463.00 128,912,790.00
Other accounts payable 606,326,760.00 608,479,890.00
Including: Interest payable 3,492,202.00 712,826.00
Dividend payable 1,323,735.00
Payable handling fees and commission
Dividend payable for reinsurance
Contract liabilities
Liabilities classified as holding for sale
Non-current liabilities expire in one year 170,422,720.00 152,940,788.00
Other current liabilities 14,753,257.00 15,860,254.00
Total Current Liabilities 2,574,841,644.00 2,746,148,474.00
Non-Current Liabilities:
Insurance contract reserve
Long-term borrowings 158,900,681.00 156,480,662.00
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Bonds payable
Preferred Stock
Perpetual capital securities
Lease liability
Long-term accounts payable 201,000,000.00 225,000,000.00
Long-term accrued payroll
Estimated liabilities
Deferred income 60,247,288.00 70,367,039.00
Deferred tax liabilities 16,475,961.00 22,010,647.00
Other non-current liabilities 7,159,222.00 7,234,853.00
Total non-current liabilities 443,783,152.00 481,093,201.00
Total liabilities 3,018,624,796.00 3,227,241,675.00
Owner’s equity (or shareholders’ equity):
Capital stock 685,464,000.00 685,464,000.00
Other equity instruments
Preferred Stock
Perpetual capital securities
Capital reserve 566,209,403.00 565,955,441.00
Minus: treasury stock
Other comprehensive income -16,889,429.00 2,965,377.00
Special reserves
Surplus reserve 342,732,000.00 342,732,000.00
General risk preparation
Undistributed profits 8,323,386,828.00 8,008,982,547.00
Total owner's equity attributable to the holding
9,900,902,802.00 9,606,099,365.00
company
Minority interests 271,505,309.00 284,388,012.00
Total owner's equity 10,172,408,111.00 9,890,487,377.00
Total liabilities and owner's equity 13,191,032,907.00 13,117,729,052.00
Legal representative: Zhou Hongjiang; Person in charge of accounting : Jiang Jianxun; Person in charge of
accounting organ: Guo Cuimei
2) Balance sheet of parent company
Unit: CNY
th st
Item September 30 , 2019 December 31 , 2018
Current Assets：
Monetary fund 570,192,493.00 624,588,809.00
Transactional financial assets
Financial assets measured by fair value with
changes recorded into current profits and losses
Derivative financial assets
Notes receivable 39,885,254.00
Accounts receivable 1,447,973.00
Receivables Financing 15,855,750.00
Accounts prepaid 3,533.00 227.00
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other receivables 601,547,442.00 1,025,643,356.00
Including: Interest receivable 217,553.00 254,088.00
Dividends receivable 4,103,925.00 500,000,000.00
Inventory 422,486,614.00 385,154,740.00
Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 34,571,033.00 24,704,844.00
Total Current Assets 1,644,656,865.00 2,101,425,203.00
Non-current Assets：
Debt investment
Financial assets for sale
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 7,429,282,512.00 7,420,803,069.00
Investment in other equity instrument
Other non-current financial assets
Real estate for investment 30,177,815.00 31,572,489.00
Fixed assets 260,483,702.00 265,311,274.00
Construction in progress 6,740,745.00 6,311,701.00
Biological assets for production 120,424,630.00 125,002,793.00
Oil and gas assets
Right-of-use assets
Intangible assets 65,459,702.00 67,244,066.00
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets 22,594,502.00 24,194,967.00
Other non-current assets 1,229,700,000.00 972,700,000.00
Total Non-Current Assets 9,164,863,608.00 8,913,140,359.00
Total Assets 10,809,520,473.00 11,014,565,562.00
Current liabilities：
Short-term loan 150,000,000.00 150,000,000.00
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Transactional financial liability
Financial liabilities measured by fair value with
changes recorded into current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 30,969,787.00 132,704,304.00
Advances from customers
Contract liabilities
Wage payable 60,111,310.00 72,345,179.00
Tax payable 3,342,995.00 13,111,431.00
Other accounts payable 634,030,378.00 607,974,519.00
Including: Interest payable 163,125.00 181,250.00
Dividend payable
Liabilities classified as holding for sale
Non-current liabilities expire in one year
Other current liabilities 3,433,054.00 3,433,054.00
Total Current Liabilities 881,887,524.00 979,568,487.00
Non-Current Liabilities:
Long-term borrowings
Bonds payable
Preferred Stock
Perpetual capital securities
Lease liability
Long-term accounts payable
Long-term accrued payroll
Estimated liabilities
Deferred income 6,601,526.00 8,910,918.00
Deferred tax liabilities
Other non-current liabilities 2,951,042.00 2,710,575.00
Total non-current liabilities 9,552,568.00 11,621,493.00
Total liabilities 891,440,092.00 991,189,980.00
Owner’s equity (or shareholders’ equity):
Capital stock 685,464,000.00 685,464,000.00
Other equity instruments
Preferred Stock
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Perpetual capital securities
Capital reserve 557,222,454.00 557,222,454.00
Minus: treasury stock
Other comprehensive income
Special reserves
Surplus reserve 342,732,000.00 342,732,000.00
Undistributed profits 8,332,661,927.00 8,437,957,128.00
Total owner's equity 9,918,080,381.00 10,023,375,582.00
Total liabilities and owner's equity 10,809,520,473.00 11,014,565,562.00
3) Consolidated profit statement in this report period
Unit: CNY
Amount in this report Amount in prior
Item
period report period
1. Revenue 968,100,175.00 1,032,328,986.00
Including: Operating income 968,100,175.00 1,032,328,986.00
Interest income
Earned premium
Handling fees and commission income
2. Total operating costs 799,392,634.00 880,955,872.00
Including: Operating costs 348,321,823.00 394,965,077.00
Interest expenditure
Handling fees and commission expenditure
Premium rebate
Net amount of indemnity expenditure
Net amount of insurance contract reserve
fund withdrawal
Policy bonus payment
Amortized reinsurance expenditures
Taxes and surcharges 62,058,908.00 45,258,725.00
Selling expenses 315,345,327.00 357,743,961.00
Administrative expenses 63,818,230.00 68,182,863.00
Research and development expenditure 1,149,179.00 2,940,503.00
Financial expenses 8,699,167.00 11,864,743.00
Including: Interest expenses 9,525,615.00 8,659,111.00
Interest income 5,589,246.00 1,947,160.00
Plus:Other income 4,795,473.00 28,858,248.00
Investment profit (loss is listed with "-") -128,956.00
Including: Investment profit for joint-run
-959,797.00
business and joint venture
Termination of recognized income of
financial assets measured at amortized cost (loss is listed
with "-")
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Exchange income (loss is listed with "-")
Net exposure hedging income (Loss islisted with
“-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment(loss is listed with "-") -1,417,236.00 0.00
Loss for impairment of assets(loss is listed with
-4,457,409.00 -531,111.00
"-")
Assets disposal income (loss is listed with "-") -167,802.00 -170,334.00
3. Operating profit (loss is listed with "-") 167,331,611.00 179,529,917.00
Plus: Non-operating income 2,667,687.00 2,775,336.00
Minus: Non-operating expenditure 726,954.00 439,049.00
4. Total profits (total loss is listed with "-") 169,272,344.00 181,866,204.00
Minus: Income taxes 43,673,789.00 47,969,306.00
5. Net profit (net loss is listed with "-") 125,598,555.00 133,896,898.00
（一）Classification by continuous operation
1.Net profit from continuous operation(net loss is listed
with "-")
2.Net profit from terminational operation(net loss is listed
with "-")
(二)Classification by ownership
1.Net profits attribute to equity holders of the company 125,557,834.00 133,916,250.00
2. Minority interests 40,721.00 -19,352.00
6. Net value of other comprehensive income after tax -16,794,085.00 19,757,123.00
6.1 Net value of other comprehensive income after tax of
-16,794,085.00 16,681,680.00
holding company's owners
6.1.1 Other comprehensive income that will not be
classified into the profit and loss
6.1.1.1 Changes of the defined benefit plans that re-
measured
6.1.1.2 Other comprehensive income under equity method
that cannot be transfer to gain/loss
6.1.1.3 Change of fair value of investment in other equity
instrument
6.1.1.4 Fair value change of enterprise's credit risk
6.1.1.5 Other
6.1.2 Other comprehensive income that will be
-16,794,085.00 16,681,680.00
classified into the profit and loss
6.1.2.1 Other comprehensive income under equity method
that can transfer to gain/loss
6.1.2.2 Change of fair value of other debt investment
6.1.2.3 gain/loss of fair value changes for available-for-sale
financial assets
6.1.2.4 Amount of financial assets re-classify to other
comprehensive income
6.1.2.5 Gain/loss of held-to-maturity investments that re-
classify to ailable-for-sale financial asset
6.1.2.6 Credit impairment provision for other debt
investmen
6.1.2.7 Cash flow hedging reserve
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6.1.2.8 Translation differences arising on translation of
-16,794,085.00 16,681,680.00
foreign currency financial statements
6.1.2.9 Other
6.2 Net value of other comprehensive income after tax
3,075,443.00
of minority shareholders
7.Total comprehensive Income 108,804,470.00 153,654,021.00
Total comprehensive income of holding company 108,763,749.00 150,597,930.00
Total comprehensive income of minority shareholders 40,721.00 3,056,091.00
8. Earnings per share
8.1 Basic earnings per share 0.18 0.19
8.2 Diluted earnings per share 0.18 0.19
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.
Legal representative: Zhou Hongjiang; Person in charge of accounting: Jiang Jianxun; Person in charge of
accounting organ: Guo Cuimei
4) Profit statement of parent company in this report period
Unit: CNY
Amount in this Amount in prior
Item
report period report period
1. Revenue 200,488,769.00 185,358,483.00
Minus: Operating costs 184,071,670.00 163,922,392.00
Taxes and surcharges 10,446,607.00 9,009,093.00
Selling expenses
Administrative expenses 16,494,204.00 21,186,737.00
Research and development expenditure 206,023.00 500,205.00
Financial expenses -547,440.00 6,173,386.00
Including: Interest expenses 2,190,828.00 2,223,333.00
Interest income 3,602,659.00 -1,543,446.00
Plus:Other income 858,264.00 1,160,677.00
Investment profit (loss is listed with "-") 55,000,000.00 79,850,000.00
Including: Investment profit for joint-run business and
joint venture
Termination of recognized income of financial
assets measured at amortized cost (loss is listed with "-")
Net exposure hedging income (Loss islisted with “-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment (loss is listed with "-")
Loss for impairment of assets (loss is listed with "-")
Assets disposal income (loss is listed with "-") 21,901.00 -528.00
18
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. Operating profit (loss is listed with "-") 45,697,870.00 65,576,819.00
Plus: Non-operating income 122,208.00 812,444.00
Minus: Non-operating expenses 748,159.00 299,472.00
3. Total profits (total loss is listed with "-") 45,071,919.00 66,089,791.00
Minus: Income tax -181,802.00 -1,834,728.00
4. Net profit (net loss is listed with "-") 45,253,721.00 67,924,519.00
1.Net profit from continuous operation(net loss is listed with "-") 45,253,721.00 67,924,519.00
2.Net profit from terminational operation(net loss is listed with "-
")
5. Net value of other comprehensive income after tax
5.1 Other comprehensive income that will not be classified into
the profit and loss
5.1.1 Remeasure the changes in net assets or liabilities of defined
benefit plans
5.1.2 Shares of other comprehensive income from investee which
cannot be reclassified into profit and loss under the equity method
5.1.3 Change of fair value of investment in other equity instrument
5.1.4 Fair value change of enterprise's credit risk
5.1.5 Other
5.2 Other comprehensive income that will be classified into the
profit and loss
5.2.1 Other comprehensive income under equity method that can
transfer to gain/loss
5.2.2 Change of fair value of other debt investment
5.2.3 gain/loss of fair value changes for available-for-sale
financial assets
5.2.4 Amount of financial assets re-classify to other
comprehensive income
5.2.5 Gain/loss of held-to-maturity investments that re-classify to
ailable-for-sale financial asset
5.2.6 Credit impairment provision for other debt investment
5.2.7 Cash flow hedging reserve
5.2.8 Translation differences arising on translation of foreign
currency financial statements
5.2.9 Other
6. Total comprehensive income 45,253,721.00 67,924,519.00
7. Earnings per share
7.1 Basic earnings per share 0.07 0.10
7.2 Diluted earnings per share 0.07 0.10
19
2019 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
Amount in this Amount in prior
Item
report period report period
1. Revenue 3,526,374,960.00 3,860,559,050.00
Including: Operating income 3,526,374,960.00 3,860,559,050.00
Interest income
Earned premium
Handling fees and commission income
2. Total operating costs 2,618,215,214.00 2,904,626,278.00
Including: Operating costs 1,284,574,048.00 1,369,522,369.00
Interest expenditure
Handling fees and commission expenditure
Premium rebate
Net amount of indemnity expenditure
Net amount of insurance contract reserve
fund withdrawal
Policy bonus payment
Amortized reinsurance expenditures
Taxes and surcharges 185,609,756.00 210,534,976.00
Selling expenses 907,316,128.00 1,068,402,994.00
Administrative expenses 219,370,542.00 226,147,745.00
Research and development expenditure 3,855,990.00 5,067,509.00
Financial expenses 17,488,750.00 24,950,685.00
Including: Interest expenses 19,338,175.00 27,398,639.00
Interest income 10,195,663.00 9,193,030.00
Plus:Other income 69,007,365.00 66,841,126.00
Investment profit (loss is listed with "-") -128,956.00
Including: Investment profit for joint-run business and
-959,797.00
joint venture
Termination of recognized income of financial
assets measured at amortized cost (loss is listed with "-")
Exchange income (loss is listed with "-")
Net exposure hedging income (Loss islisted with “-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment(loss is listed with "-") -2,183,171.00
Loss for impairment of assets(loss is listed with "-") 1,691,320.00 4,199,837.00
Assets disposal income (loss is listed with "-") -166,664.00 -76,376.00
3. Operating profit (loss is listed with "-") 976,379,640.00 1,026,897,359.00
Plus: Non-operating income 6,243,601.00 4,781,728.00
Minus: Non-operating expenditure 891,004.00 1,831,411.00
4. Total profits (total loss is listed with "-") 981,732,237.00 1,029,847,676.00
Minus: Income taxes 253,955,367.00 259,949,041.00
5. Net profit (net loss is listed with "-") 727,776,870.00 769,898,635.00
（一）Classification by continuous operation
1.Net profit from continuous operation(net loss is listed with "-")
20
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2.Net profit from terminational operation(net loss is listed with "-")
(二)Classification by ownership
1.Net profits attribute to equity holders of the company 728,961,623.00 769,753,655.00
2. Minority interests -1,184,753.00 144,980.00
6. Net value of other comprehensive income after tax -21,451,376.00 8,630,710.00
6.1 Net value of other comprehensive income after tax of holding
-19,854,806.00 7,450,860.00
company's owners
6.1.1 Other comprehensive income that will not be
classified into the profit and loss
6.1.1.1 Changes of the defined benefit plans that re-measured
6.1.1.2 Other comprehensive income under equity method that
cannot be transfer to gain/loss
6.1.1.3 Change of fair value of investment in other equity
instrument
6.1.1.4 Fair value change of enterprise's credit risk
6.1.1.5 Other
6.1.2 Other comprehensive income that will be
-19,854,806.00 7,450,860.00
classified into the profit and loss
6.1.2.1 Other comprehensive income under equity method that can
transfer to gain/loss
6.1.2.2 Change of fair value of other debt investment
6.1.2.3 gain/loss of fair value changes for available-for-sale
financial assets
6.1.2.4 Amount of financial assets re-classify to other
comprehensive income
6.1.2.5 Gain/loss of held-to-maturity investments that re-classify to
available-for-sale financial asset
6.1.2.6 Credit impairment provision for other debt investment
6.1.2.7 Cash flow hedging reserve
6.1.2.8 Translation differences arising on translation of foreign
-19,854,806.00 7,450,860.00
currency financial statements
6.1.2.9 Other
6.2 Net value of other comprehensive income after tax
-1,596,570.00 1,179,850.00
of minority shareholders
7.Total comprehensive Income 706,325,494.00 778,529,345.00
Total comprehensive income of holding company 709,106,817.00 777,204,515.00
Total comprehensive income of minority shareholders -2,781,323.00 1,324,830.00
8. Earnings per share
8.1 Basic earnings per share 1.06 1.12
8.2 Diluted earnings per share 1.06 1.12
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: Guo Cuimei
21
2019 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
Amount in this Amount in prior
Item
report period report period
1. Revenue 552,839,771.00 594,203,694.00
Minus: Operating costs 493,642,250.00 516,569,381.00
Taxes and surcharges 23,586,763.00 33,472,468.00
Selling expenses
Administrative expenses 55,928,450.00 61,014,018.00
Research and development expenditure 611,084.00 860,671.00
Financial expenses -4,204,810.00 -8,978,222.00
Including: Interest expenses -514,245.00 13,580,944.00
Interest income 5,073,326.00 28,087,271.00
Plus: Other income 2,574,791.00 3,137,204.00
Investment profit (loss is listed with "-") 319,221,755.00 392,259,576.00
Including: Investment profit for joint-run business and
joint venture
Termination of recognized income of financial
assets measured at amortized cost (loss is listed with "-")
Net exposure hedging income (Loss islisted with “-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment (loss is listed with "-")
Loss for impairment of assets (loss is listed with "-")
Assets disposal income (loss is listed with "-") 21,901.00 74,472.00
2. Operating profit (loss is listed with "-") 305,094,481.00 386,736,630.00
Plus: Non-operating income 825,767.00 868,923.00
Minus: Non-operating expenses 845,797.00 300,000.00
3. Total profits (total loss is listed with "-") 305,074,451.00 387,305,553.00
Minus: Income tax -908,748.00 615,864.00
4. Net profit (net loss is listed with "-") 305,983,199.00 386,689,689.00
1.Net profit from continuous operation(net loss is listed with "-") 305,983,199.00 386,689,689.00
2.Net profit from terminational operation(net loss is listed with "-
")
5. Net value of other comprehensive income after tax
5.1 Other comprehensive income that will not be
classified into the profit and loss
5.1.1 Remeasure the changes in net assets or liabilities
of defined benefit plans
22
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
5.1.2 Shares of other comprehensive income from
investee which cannot be reclassified into profit
and loss under the equity method
5.1.3 Change of fair value of investment in other equity instrument
5.1.4 Fair value change of enterprise's credit risk
5.1.5 Other
5.2 Other comprehensive income that will be classified
into the profit and loss
5.2.1 Other comprehensive income under equity method that can
transfer to gain/loss
5.2.2 Change of fair value of other debt investment
5.2.3 gain/loss of fair value changes for available-for-sale
financial assets
5.2.4 Amount of financial assets re-classify to other
comprehensive income
5.2.5 Gain/loss of held-to-maturity investments that re-classify to
ailable-for-sale financial asset
5.2.6 Credit impairment provision for other debt investmen
5.2.7 Cash flow hedging reserve
5.2.8 Translation differences arising on translation of foreign
currency financial statements
5.2.9 Other
6. Total comprehensive income 305,983,199.00 386,689,689.00
7. Earnings per share
7.1 Basic earnings per share 0.45 0.56
7.2 Diluted earnings per share 0.45 0.56
7) Consolidated cash flow statement from the beginning of the year to the end of the report
period
Unit: CNY
Amount in this report Amount in prior report
Item
period period
1. Cash flows from operating activities:
Cash received from sales of goods and rending of
3,383,591,970.00 3,758,220,631.00
services
Net increase in customer and interbank deposits
Net increase in borrowings from central bank
23
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Net increase in borrowings from other financial
institutions
Cash received from receiving insurance premium of
original insurance contract
Net cash received from reinsurance business
Net increase of deposit of insured and investment
fund
Net increase in disposing of financial assets that
measured by fair value with changes recorded into
the current profit and loss
Cash received from collecting interest, handling
fees and commission
Net increase in borrowings
Net increase in repurchasement business funds
Tax refund received 29,589,937.00 44,108,497.00
Other cash received related to operating activities 73,784,588.00 72,133,583.00
Sub-total of cash inflows of operating activities 3,486,966,495.00 3,874,462,711.00
Cash paid for goods and services 1,215,074,533.00 1,148,035,339.00
Net increase in customer loans and advances
Net increase in deposits in central bank and
interbank deposits
Cash paid to original insurance contract payments
Cash paid to interest, handling fees and
commission
Cash paid to policy bonus
Cash paid to and on behalf of employees 371,205,468.00 382,654,609.00
Cash paid for taxes and expenses 674,162,579.00 980,026,533.00
Other cash paid related to operating activities 581,192,202.00 586,905,436.00
Sub-total of cash outflows of operating activities 2,841,634,782.00 3,097,621,917.00
Net cash flow from operating activities 645,331,713.00 776,840,794.00
2. Cash flow from investing activities:
Cash received from return of investment
Cash received from return of fixed deposit
174,597,650.00 315,000,000.00
Cash received from obtaining investment profit
Cash received from interest income
1,199,968.00 2,663,349.00
Cash received from disposal of fixed assets,
197,599.00 679,061.00
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
Sub-total of cash inflows of investment activities 175,995,217.00 318,342,410.00
Cash paid to acquire fixed assets, intangible asset
201,251,495.00 194,381,509.00
and other long-term assets
Cash for investments 401,647.00
24
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash paid to acquire fixed deposit 113,718,193.00 340,000,000.00
Net increase in hypothecated loan
Net cash paid to acquire branch and other business
105,834,656.00
unit
Other cash paid related to investment activities 170,752.00
Subtotal of cash outflows of investment activities 315,542,087.00 640,216,165.00
Net cash flow from investing activities -139,546,870.00 -321,873,755.00
3. Cash flow from financing activities
Cash received from acquiring investment
Cash received from acquiring minority
shareholders' investment by branch
Cash received from acquiring loans 684,581,027.00 693,422,472.00
Other cash received related to financing activities 23,521,431.00
Sub-total cash inflows of financing activities 684,581,027.00 716,943,903.00
Cash paid to repay debts 697,660,583.00 697,658,527.00
Cash paid to distribute dividend, profit or pay
437,742,354.00 370,522,623.00
interest
Dividend and profit paid to minority
shareholders by branch
Other cash paid related to financing activities 20,000,000.00
Sub-total of cash outflows of financing activities 1,135,402,937.00 1,088,181,150.00
Net cash flow from financing activities -450,821,910.00 -371,237,247.00
4. Influences of exchange rate fluctuation on cash and
-308,084.00 -1,776,998.00
cash equivalents
5. Net Increase of cash and cash equivalents 54,654,849.00 81,952,794.00
Plus: balance at the beginning of the period of cash
1,206,860,334.00 1,180,889,274.00
and cash equivalents
6. Balance at the end of the period of cash and cash
1,261,515,183.00 1,262,842,068.00
equivalents
8) Cash flow statement of parent company from the beginning of the year to the end of the
report period
Unit: CNY
Amount in this report Amount in prior report
Item
period period
1. Cash flows from operating activities:
25
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Cash received from sales of goods and rending of
442,359,311.00 500,155,064.00
services
Tax refund received
Other cash received related to operating activities 44,030,652.00 117,304,238.00
Sub-total of cash inflows of operating activities 486,389,963.00 617,459,302.00
Cash paid for goods and services 332,017,753.00 324,043,336.00
Cash paid to and on behalf of employees 57,697,044.00 61,318,451.00
Cash paid for taxes and expenses 34,602,597.00 56,041,351.00
Other cash paid related to operating activities 236,084,524.00 35,822,969.00
Sub-total of cash outflows of operating activities 660,401,918.00 477,226,107.00
Net cash flow from operating activities -174,011,955.00 140,233,195.00
2. Cash flow from investing activities:
Cash received from return of investment
Cash received from return of fixed deposit 110,000,000.00 305,000,000.00
Cash received from obtaining investment profit 815,117,830.00 797,517,435.00
Cash received from interest income 715,111.00 2,342,015.00
Cash received from disposal of fixed assets,
29,815.00 538,055.00
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
Sub-total of cash inflows of investment activities 925,862,756.00 1,105,397,505.00
Cash paid to acquire fixed assets, intangible asset
14,223,638.00 15,121,500.00
and other long-term assets
Cash for investments 265,479,443.00 107,194,420.00
Cash paid to acquire fixed deposit 105,238,750.00 340,000,000.00
Net cash paid to acquire branch and other
busines unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 384,941,831.00 462,315,920.00
Net cash flow from investing activities 540,920,925.00 643,081,585.00
3. Cash flow from financing activities
Cash received from acquiring investment
Cash received from acquiring loans 200,000,000.00
Other cash received related to financing activities
Sub-total cash inflows of financing activities 200,000,000.00
Cash paid to repay debts 600,000,000.00
Cash paid to distribute dividend, profit or pay
416,717,150.00 356,615,750.00
interest
Other cash paid related to financing activities
Sub-total of cash outflows of financing activities 416,717,150.00 956,615,750.00
Net cash flow from financing activities -416,717,150.00 -756,615,750.00
4. Influences of exchange rate fluctuation on cash
and cash equivalents
5. Net Increase of cash and cash equivalents -49,808,180.00 26,699,030.00
26
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Plus: balance at the beginning of the period of
532,384,882.00 493,568,866.00
cash and cash equivalents
6. Balance at the end of the period of cash and cash
482,576,702.00 520,267,896.00
equivalents
2. Explanation for adjustment in financial statements
1) The situation of adjusting related items in financial statements at the beginning of 2019
owing to the implementation of new financial instruments standard, new revenue standard or
new lease standard since 2019
√Available □Not available
Consolidated balance sheet
Unit: CNY
Item December 31st, 2018 January 1st, 2019 Adjusted amount
Current Assets：
Monetary fund 1,475,700,477.00 1,475,700,477.00
petty cash
Lending funds
Transactional financial assets
Financial assets measured by fair value with
changes recorded into current profits and losses
Derivative financial assets
Notes receivable 288,667,988.00 -288,667,988.00
Accounts receivable 242,153,083.00 237,781,161.00 -4,371,922.00
Receivables Financing
Accounts prepaid 4,219,949.00 4,219,949.00
Premiums receivable
Reinsurance accounts receivable
Receivable reserves for reinsurance contract
Other receivables 22,636,086.00 22,636,086.00
Including: Interest receivable 1,332,681.00 1,332,681.00
Dividends receivable
Buying back the sale of financial assets
Inventory 2,724,591,457.00 2,724,591,457.00
Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 258,676,396.00 258,676,396.00
Total Current Assets 5,016,645,436.00 5,016,645,436.00
Non-current Assets：
Offering loans and imprest
Debt investment
27
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Financial assets for sale 467,251.00 -467,251.00
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment in other equity instrument
Other non-current financial assets 467,251.00 467,251.00
Real estate for investment 31,572,489.00 31,572,489.00
Fixed assets 5,749,731,667.00 5,749,731,667.00
Construction in progress 759,296,591.00 759,296,591.00
Biological assets for production 209,266,373.00 209,266,373.00
Oil and gas assets
Right-of-use assets
Intangible assets 655,473,459.00 655,473,459.00
Development expenditure
Goodwill 165,199,111.00 165,199,111.00
Long-term deferred expenses 244,640,416.00 244,640,416.00
Deferred tax assets 285,436,259.00 286,529,239.00 1,092,980.00
Other non-current assets
Total Non-Current Assets 8,101,083,616.00 8,101,083,616.00
Total Assets 13,117,729,052.00 13,117,729,052.00
Current liabilities：
Short-term loan 688,002,410.00 688,002,410.00
Borrowings from the Central Bank
Borrowing funds
Transactional financial liability
Financial liabilities measured by fair value
with changes recorded into current profits and
losses
Derivative financial liabilities
Notes payable
Accounts payable 713,572,881.00 713,572,881.00
Advances from customers 226,075,244.00 226,075,244.00
Sales/buyback financial assets
Customer and interbank deposits
Acting trading securities
Acting underwriting securities
Wage payable 212,304,217.00 212,304,217.00
Tax payable 128,912,790.00 128,912,790.00
Other accounts payable 608,479,890.00 608,479,890.00
Including: Interest payable 712,826.00 712,826.00
Dividend payable
Payable handling fees and commission
Dividend payable for reinsurance
Contract liabilities
Liabilities classified as holding for sale
28
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Non-current liabilities expire in one year 152,940,788.00 152,940,788.00
Other current liabilities 15,860,254.00 15,860,254.00
Total Current Liabilities 2,746,148,474.00 2,746,148,474.00
Non-Current Liabilities:
Insurance contract reserve
Long-term borrowings 156,480,662.00 156,480,662.00
Bonds payable
Preferred Stock
Perpetual capital securities
Lease liability
Long-term accounts payable 225,000,000.00 225,000,000.00
Long-term accrued payroll
Estimated liabilities
Deferred income 70,367,039.00 70,367,039.00
Deferred tax liabilities 22,010,647.00 22,010,647.00
Other non-current liabilities 7,234,853.00 7,234,853.00
Total non-current liabilities 481,093,201.00 481,093,201.00
Total liabilities 3,227,241,675.00 3,227,241,675.00
Owner’s equity (or shareholders’ equity):
Capital stock 685,464,000.00 685,464,000.00
Other equity instruments
Preferred Stock
Perpetual capital securities
Capital reserve 565,955,441.00 565,955,441.00
Minus: treasury stock
Other comprehensive income 2,965,377.00 2,965,377.00
Special reserves
Surplus reserve 342,732,000.00 342,732,000.00
General risk preparation
Undistributed profits 8,008,982,547.00 8,005,703,605.00 -3,278,942.00
Total owner's equity attributable to the
9,606,099,365.00 9,606,099,365.00
holding company
Minority interests 284,388,012.00 284,388,012.00
Total owner's equity 9,890,487,377.00 9,602,820,423.00 -3,278,942.00
Total liabilities and owner's equity 13,117,729,052.00 13,117,729,052.00
Explanation for adjustment
Unit: CNY
Item Book value based on Influence of Influence of change Book value based on
original standard new financial in reporting mode of new standard
December 31st, 2018 instruments other financial January 1st, 2019
standard statements
Notes receivable & 530,821,071 -530,821,071
Accounts receivable
Notes receivable -288,667,988 288,667,988
Accounts receivable -4,371,922 242,153,083 237,781,161
Receivables Financing 288,667,988 288,667,988
Financial assets for 467,251 -467,251
sale
Other non-current 467,251 467,251
financial assets
Deferred tax assets 285,436,259 1,092,980 286,529,239
Total 816,724,581 -3,278,942 813,445,639
29
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Balance sheet of parent company
Unit: CNY
st st
Item December 31 , 2018 January 1 , 2019 Adjusted
amount
Current Assets：
Monetary fund 624,588,809.00 624,588,809.00
Transactional financial assets
Financial assets measured by fair value
with changes recorded into current profits
and losses
Derivative financial assets
Notes receivable 39,885,254.00 -39,885,254.00
Accounts receivable 1,447,973.00 1,447,973.00
Receivables Financing 39,885,254.00 39,885,254.00
Accounts prepaid 227.00 227.00
Other receivables 1,025,643,356.00 1,025,643,356.00
Including: Interest receivable 254,088.00 254,088.00
Dividends receivable 500,000,000.00 500,000,000.00
Inventory 385,154,740.00 385,154,740.00
Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 24,704,844.00 24,704,844.00
Total Current Assets 2,101,425,203.00 2,101,425,203.00
Non-current Assets：
Debt investment
Financial assets for sale
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 7,420,803,069.00 7,420,803,069.00
Investment in other equity instrument
Other non-current financial assets
Real estate for investment 31,572,489.00 31,572,489.00
Fixed assets 265,311,274.00 265,311,274.00
Construction in progress 6,311,701.00 6,311,701.00
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Biological assets for production 125,002,793.00 125,002,793.00
Oil and gas assets
Right-of-use assets
Intangible assets 67,244,066.00 67,244,066.00
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets 24,194,967.00 24,194,967.00
Other non-current assets 972,700,000.00 972,700,000.00
Total Non-Current Assets 8,913,140,359.00 8,913,140,359.00
Total Assets 11,014,565,562.00 11,014,565,562.00
Current liabilities：
Short-term loan 150,000,000.00 150,000,000.00
Transactional financial liability
Financial liabilities measured by fair
value with changes recorded into current
profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 132,704,304.00 132,704,304.00
Advances from customers
Contract liabilities
Wage payable 72,345,179.00 72,345,179.00
Tax payable 13,111,431.00 13,111,431.00
Other accounts payable 607,974,519.00 607,974,519.00
Including: Interest payable 181,250.00 181,250.00
Dividend payable
Liabilities classified as holding for sale
Non-current liabilities expire in one year
Other current liabilities 3,433,054.00 3,433,054.00
Total Current Liabilities 979,568,487.00 979,568,487.00
Non-Current Liabilities:
Long-term borrowings
Bonds payable
Preferred Stock
Perpetual capital securities
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2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Lease liability
Long-term accounts payable
Long-term accrued payroll
Estimated liabilities
Deferred income 8,910,918.00 8,910,918.00
Deferred tax liabilities
Other non-current liabilities 2,710,575.00 2,710,575.00
Total non-current liabilities 11,621,493.00 11,621,493.00
Total liabilities 991,189,980.00 991,189,980.00
Owner’s equity (or shareholders’ equity):
Capital stock 685,464,000.00 685,464,000.00
Other equity instruments
Preferred Stock
Perpetual capital securities
Capital reserve 557,222,454.00 557,222,454.00
Minus: treasury stock
Other comprehensive income
Special reserves
Surplus reserve 342,732,000.00 342,732,000.00
Undistributed profits 8,437,957,128.00 8,437,957,128.00
Total owner's equity 10,023,375,582.00 10,023,375,582.00
Total liabilities and owner's equity 11,014,565,562.00 11,014,565,562.00
Explanation for adjustment
Unit: CNY
Item Book value based on Influence of Influence of change Book value based on
original standard new financial in reporting mode of new standard
December 31st, 2018 instruments other financial January 1st, 2019
standard statements
Notes receivable &
41,333,227 -41,333,227
Accounts receivable
Notes receivable -39,885,254 39,885,254
Accounts receivable 1,447,973 1,447,973
Receivables Financing 39,885,254 39,885,254
Other receivables 1,025,643,356 1,025,643,356
Total 1,066,976,583 1,066,976,583
2) Explanation for retroactive adjustment in comparable data in prior report period owing to
the implementation of new financial instruments standard or new lease standard since 2019
32
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
□Available √ Not available
3. Audit report
Whether the third quarter report has been audited.
□Yes √ No
The third quarter report has not been audited.
Yantai Changyu Pioneer Wine Co., Ltd.
Board of Directors
October28th, 2019
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