Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Stock Code: 000869, 200869 Stock Abbreviation: Changyu A, Changyu B Announcement No.: Final 2024-04
Yantai Changyu Pioneer Wine Co., Ltd.
2024 Third Quarter Report
This company and all board members guarantee the truthfulness, accuracy and completeness of
disclosed contents as well as no unfaithful facts, misleading statements or significant omissions.
Important Notice
1. The Company’s board of directors, board of supervisors, directors, supervisors and senior
executives guarantee the truthfulness, accuracy and completeness of contents contained in this
quarter report as well as no unfaithful facts, misleading statements or significant omissions and
undertake individual and joint legal liabilities.
2. The person in charge of the Company, the person in charge of accounting work and the person in
charge of accounting institution (person in charge of accounting) declare to assure the truthfulness,
accuracy and completeness of the financial information in this quarter report.
3. Whether the Third Quarter Report has been audited
Yes No
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
1. Major Financial Data
1) Key accounting data and financial indicators
Whether the Company needs to make retroactive adjustments or restate the accounting data of previous fiscal years.
Yes No
From the beginning of the year to the end
More or less than the same From the beginning of the year to
This report period of this report period more or less than the
period of last year (%) the end of this report period
same period of last year (%)
Operating revenue (CNY) 674,991,354 -19.11% 2,197,300,790 -21.56%
Net profit attributed to the shareholders of
2,776,750 -95.44% 223,954,132 -47.25%
the listed company (CNY)
Net profit attributed to the shareholders of
the listed company after deducting the -2,876,947 -105.24% 192,006,936 -49.37%
non-recurring profit and loss (CNY)
Net cash flows from the operating activities
— — 182,274,024 -75.06%
(CNY)
Basic earnings per share (CNY/share) 0.004 -95.44% 0.32 -48.39%
Diluted earnings per share (CNY/share) 0.004 -95.44% 0.32 -48.39%
Weighted average for earning rate of the
0.03% -0.54% 2.12% -1.85%
net assets
The end of this report period The end of last year More or less than the end of last year (%)
Total assets (CNY) 12,339,927,629 13,336,267,204 -7.47%
Net Assets attributed to the shareholders of
10,576,096,251 10,841,500,988 -2.45%
the listed company (CNY)
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
2) Item and amount of non-recurring profit and loss
Available Not available
Unit：CNY
From the beginning of the year to the end of
Item Amount in this report period Explanation
report period
Gains and losses on disposal of non-current assets (including the write-off part of
-1,709,454 -1,805,124
the provision for impairment of assets)
Government grants credited in profit and loss (except for those government grants
that are closely related to the entity’s normal operation, are in line with national
7,965,706 41,596,346
policy and regulation, are enjoyed in accordance with established standards, and
have a lasting impact on the entity's profit and loss)
Other non-operating income and expenses except for the above items 1,195,558 2,361,917
Less: Income tax effect 1,789,387 10,160,393
Minority interests effect (after-tax) 8,727 45,550
Total 5,653,696 31,947,196 --
Details of other profit and loss items in line with the identification of non-recurring profit and loss
Available Not available
There is no exist details of other profit and loss items in line with the identification of non-recurring profit and loss.
Explanation for situation that non-recurring profit and loss items are defined as recurrent profit and loss items in accordance with the
Explanatory Announcement on Public Company’s Information Disclosure No.1 - Non-recurring Profit and Loss
Available Not available
There is no situation that non-recurring profit and loss items are defined as recurrent profit and loss items in accordance with the Explanatory
Announcement on Public Company’s Information Disclosure No.1 - Non-recurring Profit and Loss.
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
3) Situation and reason for the change in key accounting data and financial indicators
Available Not available
Item Year-on-year increase Reason
Account receivable -62.80% Mainly due to the collection of accounts receivable according to the account period
Financing of receivables -40.85% Mainly due to a year-over-year decrease in the received amount of notes receivable
Short-term loan -32.86% Mainly due to repayment of maturing short-term loans
Contractual liability -32.52% Mainly due to the decrease in the amount of advances on sales
Payroll payable to employees -52.03% Mainly due to the payment of salary during the year
Taxes payable -59.21% Mainly due to a year-over-year decrease in operating income
Investment income -107.93% Mainly due to a year-over-year decrease in equity disposal income
Net profit -45.29% Mainly due to a year-over-year decrease in operating income
Cash received from recouping the capital
7166.67% Mainly due to the recovery of maturing bank time deposits
outlay
2. Information of shareholders
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
Total number of common shareholders at the end of report Total number of preferred shareholders with recovered
43,896 0
period voting power at the end of report period
Shareholding of top 10 shareholders
Character of Percentage Number of Pledged or frozen
Name of Shareholders Shares held
shareholders (%) restricted shares Share status Amount
Domestic non-state
YANTAI CHANGYU GROUP CO., LTD. 49.91% 345,473,856 0 Not available 0
legal person
Domestic natural
#Fengdi JIANG 0.72% 5,000,000 0 Not available 0
person
SHENWAN HONGYUAN SECURITIES (HONGKONG) LIMITED Foreign legal person 0.65% 4,471,352 0 Not available 0
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND Foreign legal person 0.50% 3,446,137 0 Not available 0
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Social Security Fund 114 Other 0.49% 3,425,055 0 Not available 0
HONG KONG SECURITIES CLEARING COMPANY LIMITED Foreign legal person 0.48% 3,309,293 0 Not available 0
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED Foreign legal person 0.45% 3,108,692 0 Not available 0
VANGUARD EMERGING MARKETS STOCK INDEX FUND Foreign legal person 0.45% 3,087,201 0 Not available 0
Domestic natural
Hongwei DENG 0.40% 2,790,816 0 Not available 0
person
Agricultural Bank of China-ICBC Credit Suisse Innovation Power Stock
Other 0.39% 2,670,050 0 Not available 0
Type Securities Investment Fund
Shareholding of top 10 shareholders with unrestricted shares
Type of share
Name of Shareholders Number of unrestricted shares held
Type of share Amount
YANTAI CHANGYU GROUP CO., LTD. 345,473,856 A share 345,473,856
#Fengdi JIANG 5,000,000 A share 5,000,000
SHENWAN HONGYUAN SECURITIES (HONGKONG) LIMITED 4,471,352 B share 4,471,352
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 3,446,137 B share 3,446,137
Social Security Fund 114 3,425,055 A share 3,425,055
HONG KONG SECURITIES CLEARING COMPANY LIMITED 3,309,293 A share 3,309,293
GUOTAI JUNAN SECURITIES（HONG KONG） LIMITED 3,108,692 B share 3,108,692
VANGUARD EMERGING MARKETS STOCK INDEX FUND 3,087,201 B share 3,087,201
Hongwei DENG 2,790,816 B share 2,790,816
Agricultural Bank of China-ICBC Credit Suisse Innovation Power Stock
2,670,050 A share 2,670,050
Type Securities Investment Fund
Among the top 10 shareholders, Yantai Changyu Group Company Limited has no associated relationship
The explanation for the associated relationship and accordant action of
or accordant action relationship with the other 9 listed shareholders, and the relationship among the other
the top 10 shareholders
shareholders is unknown.
The top 10 shareholders did not involve in financing activities and stock trading business. Yantai
Explanation for the top 10 common shareholders who involved in Changyu Pioneer Wine Co., Ltd. has a special securities account for repurchase, which is not listed among
financing activities and stock trading business (if any) the top 10 shareholders according to regulations. From the beginning of the year to the end of the report, a
total of 19,999,993 B shares of the Company were repurchased, accounting for 2.89% of the total share
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
capital at the end of the report.
2) The table of the total number of the preferred shareholders and the shareholding status of the top 10 preferred shareholders
Available Not available
3. Other Important Issues
Available Not available
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
1. Quarterly Financial Statements
1）Financial statements
① Consolidated balance sheet
Yantai Changyu Pioneer Wine Co., Ltd.
Unit: CNY
Item Ending Balance Beginning Balance
Current Assets：
Monetary fund 1,629,563,986 2,217,693,647
Petty cash
Lending funds
Transactional financial assets
Derivative financial assets
Notes receivable 100,000 1,260,000
Accounts receivable 142,172,323 382,132,334
Receivables Financing 241,499,286 408,316,028
Accounts prepaid 45,509,634 61,497,933
Premiums receivable
Reinsurance accounts receivable
Receivable reserves for reinsurance contract
Other receivables 79,380,702 71,496,276
Including: Interest receivable
Dividends receivable
Buying back the sale of financial assets
Inventory 3,020,727,873 2,765,390,587
Including: data resource
Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 78,513,926 88,368,542
Total Current Assets 5,237,467,730 5,996,155,347
Non-current Assets：
Offering loans and imprest
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 39,232,541 38,285,620
Investment in other equity instrument
Other non-current financial assets
Real estate for investment 22,829,940 24,482,831
Fixed assets 5,620,349,909 5,795,082,569
Construction in progress 10,902,858 3,323,241
Biological assets for production 165,532,263 177,461,983
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Oil and gas assets
Right-of-use assets 107,317,225 121,745,910
Intangible assets 531,725,057 542,625,776
Including: data resource
Development expenditure
Including: data resource
Goodwill 107,163,616 107,163,616
Long-term deferred expenses 303,117,060 306,662,107
Deferred tax assets 194,289,430 221,518,204
Other non-current assets 1,760,000
Total Non-Current Assets 7,102,459,899 7,340,111,857
Total Assets 12,339,927,629 13,336,267,204
Current liabilities：
Short-term loan 245,053,807 364,981,445
Borrowings from the Central Bank
Borrowing funds
Transactional financial liability
Derivative financial liabilities
Notes payable
Accounts payable 471,128,905 473,352,525
Advances from customers
Contract liabilities 118,281,580 175,278,849
Sales/buyback financial assets
Customer and interbank deposits
Acting trading securities
Acting underwriting securities
Wage payable 88,900,765 185,331,292
Tax payable 112,060,197 274,723,431
Other accounts payable 328,300,043 555,634,336
Including: Interest payable
Dividend payable 383,085
Payable handling fees and commission
Dividend payable for reinsurance
Liabilities classified as holding for sale
Non-current liabilities expire in one year 77,119,406 78,523,993
Other current liabilities 15,698,608 44,958,297
Total Current Liabilities 1,456,543,311 2,152,784,168
Non-Current Liabilities:
Insurance contract reserve
Long-term borrowings 53,996,403 66,616,443
Bonds payable
Including: Preferred Stock
Perpetual capital securities
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Lease liability 67,496,580 85,038,335
Long-term accounts payable 281,761
Long-term accrued payroll
Estimated liabilities
Deferred income 30,219,742 32,582,734
Deferred tax liabilities 9,127,101 8,719,729
Other non-current liabilities
Total non-current liabilities 161,121,587 192,957,241
Total liabilities 1,617,664,898 2,345,741,409
Owner’s equity (or shareholders’ equity):
Capital stock 692,249,559 692,249,559
Other equity instruments
Including: Preferred Stock
Perpetual capital securities
Capital reserve 663,422,236 651,086,707
Minus: treasury stock 252,916,268 103,411,919
Other comprehensive income -21,064,482 -14,784,677
Special reserves
Surplus reserve 342,732,000 342,732,000
General risk preparation
Undistributed profits 9,151,673,206 9,273,629,318
Total owner's equity attributable to the holding
10,576,096,251 10,841,500,988
company
Minority interests 146,166,480 149,024,807
Total owner's equity 10,722,262,731 10,990,525,795
Total liabilities and owner's equity 12,339,927,629 13,336,267,204
Legal representative: Zhou Hongjiang; Person in charge of accounting : Jiang Jianxun;
Person in charge of accounting organ: Guo Cuimei
② 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 2,197,300,790 2,801,225,058
Including: Operating income 2,197,300,790 2,801,225,058
Interest income
Earned premium
Handling fees and commission income
2. Total operating costs 1,924,329,373 2,270,760,733
Including: Operating costs 900,158,317 1,146,383,239
Interest expenditure
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
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 171,078,533 200,838,126
Selling expenses 640,763,707 685,766,062
Administrative expenses 199,964,997 217,443,316
Research and development expenditure 10,555,502 10,350,928
Financial expenses 1,808,317 9,979,062
Including: Interest expenses 13,457,377 18,664,311
Interest income 15,315,624 12,999,272
Plus:Other income 41,596,346 35,706,026
Investment profit (loss is listed with "-") -1,205,421 15,193,224
Including: Investment profit for joint-run business and joint
-1,205,421 -1,353,899
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 is listed with “-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment (loss is listed with "-") 4,942,135 -853,460
Loss for impairment of assets (loss is listed with "-") -1,568,141 -1,643,403
Assets disposal income (loss is listed with "-") -201,360 -294,276
3. Operating profit (loss is listed with "-") 316,534,976 578,572,436
Plus: Non-operating income 2,930,750 3,554,944
Minus: Non-operating expenditure 2,172,597 2,609,517
4. Total profits (total loss is listed with "-") 317,293,129 579,517,863
Minus: Income taxes 93,025,768 169,631,893
5. Net profit (net loss is listed with "-") 224,267,361 409,885,970
5.1 Classification by continuous operation
5.1.1 Net profit from continuous operation (net loss is listed with "-") 224,267,361 409,885,970
5.1.2 Net profit from terminational operation (net loss is listed with "-")
5.2 Classification by ownership
5.2.1 Net profits attribute to equity holders of the company (net loss is
223,954,132 424,517,627
listed with "-")
5.2.2 Minority interests (net loss is listed with "-") 313,229 -14,631,657
6. Net value of other comprehensive income after tax -6,912,567 -2,230,558
6.1 Net value of other comprehensive income after tax of holding
-6,279,805 -1,811,431
company's owners
6.1.1 Other comprehensive income that will not be classified into the
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
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 classified into the profit
-6,279,805 -1,811,431
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 Amount of financial assets re-classify to other comprehensive
income
6.1.2.4 Credit impairment provision for other debt investment
6.1.2.5 Cash flow hedging reserve
6.1.2.6 Translation differences arising on translation of foreign currency
-6,279,805 -1,811,431
financial statements
6.1.2.7 Other
6.2 Net value of other comprehensive income after tax of minority
-632,762 -419,127
shareholders
7.Total comprehensive Income 217,354,794 407,655,412
7.1 Total comprehensive income of holding company 217,674,327 422,706,196
7.2 Total comprehensive income of minority shareholders -319,533 -15,050,784
8. Earnings per share
8.1 Basic earnings per share 0.32 0.62
8.2 Diluted earnings per share 0.32 0.62
During this report period, the issue relates to company consolidation under common control,
consolidated party completes net profit amount of CNY0 before being consolidated, and
consolidated party completes net profit amount of CNY0 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
③ 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:
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Cash received from sales of goods and rending of
2,503,809,825 2,926,501,545
services
Net increase in customer and interbank deposits
Net increase in borrowings from central bank
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
Cash received from collecting interest, handling
fees and commission
Net increase in borrowings
Net increase in repurchasement business funds
Net cash received from securities trading agency
Tax refund received 23,927,043 30,396,975
Other cash received related to operating activities 62,382,296 61,048,478
Sub-total of cash inflows of operating activities 2,590,119,164 3,017,946,998
Cash paid for goods and services 1,023,816,465 884,873,618
Net increase in customer loans and advances
Net increase in deposits in central bank and
interbank deposits
Cash paid to original insurance contract payments
Net increase in lending funds
Cash paid to interest, handling fees and
commission
Cash paid to policy bonus
Cash paid to and on behalf of employees 362,302,425 337,929,446
Cash paid for taxes and expenses 561,159,394 640,365,529
Other cash paid related to operating activities 460,566,856 423,807,570
Sub-total of cash outflows of operating activities 2,407,845,140 2,286,976,163
Net cash flow from operating activities 182,274,024 730,970,835
2. Cash flow from investing activities:
Cash received from return of investment 436,000,000 6,000,000
Cash received from obtaining investment profit 3,509,149 598,475
Cash received from disposal of fixed assets,
235,105 1,441,925
intangible assets and other long-term assets
Net cash received from disposal of branch and
7,238,585
other business unit
Other cash received related to investing activities 657,049
Sub-total of cash inflows of investment activities 439,744,254 15,936,034
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Cash paid to acquire fixed assets, intangible asset
84,569,271 92,006,051
and other long-term assets
Cash for investments 268,602,343 226,000,000
Net increase in hypothecated loan
Net cash paid to acquire branch and other
business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 353,171,614 318,006,051
Net cash flow from investing activities 86,572,640 -302,070,017
3. Cash flow from financing activities
Cash received from acquiring investment 103,411,919
Cash received from acquiring minority
shareholders' investment by branch
Cash received from acquiring loans 480,462,031 388,097,257
Other cash received related to financing activities
Sub-total cash inflows of financing activities 480,462,031 491,509,176
Cash paid to repay debts 600,833,608 547,263,356
Cash paid to distribute dividend, profit or pay
363,243,859 325,817,888
interest
Dividend and profit paid to minority
83,898
shareholders by branch
Other cash paid related to financing activities 209,980,372 46,988,875
Sub-total of cash outflows of financing activities 1,174,057,839 920,070,119
Net cash flow from financing activities -693,595,808 -428,560,943
4. Influences of exchange rate fluctuation on cash and
-1,214,374 388,163
cash equivalents
5. Net Increase of cash and cash equivalents -425,963,518 728,038
Plus: balance at the beginning of the period of
1,963,155,752 1,612,753,600
cash and cash equivalents
6. Balance at the end of the period of cash and cash
1,537,192,234 1,613,481,638
equivalents
2) The first implementation of the new accounting standards from 2024 to adjust the first
implementation of the financial statements at the beginning of the year related items
Available Not available
3) Audit report
Whether the Third Quarter Report has been audited.
Yes No
The Third Quarter Report has not been audited.
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Yantai Changyu Pioneer Wine Co., Ltd. 2024 Third Quarter Report
Yantai Changyu Pioneer Wine Co., Ltd.
Board of Directors
October 28th, 2024
14
