2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2016 Third Quarter Report
2016-Final 04
October 2016
2016 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. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr.
Jiang Jianxun (Financial Director) assure the truthfulness, accuracy and completeness of the
financial report in the annual report.
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key financial data
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) 11,020,562,470.00 10,344,211,461.00 6.54%
Net Assets attributed to the
shareholders of the listed 8,046,894,118.00 7,564,099,003.00 6.24%
company (CNY)
More or less From the beginning More or
The report period than of year to the end less than
last year of the report period last year
Business income (CNY) 1,010,732,839.00 17.47% 3,763,765,638 2.10%
Net profit attributed to the
shareholders of the listed 129,748,790.00 -5.15% 824,770,637 -6.58%
company (CNY)
Net profit attributed to the
shareholders of the listed
123,011,178.00 -7.95% 801,489,499 -8.20%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
-- -- 991,065,754 -18.71%
operating activities (CNY)
Basic earnings per share
0.19 -5% 1.20 -6.98%
(CNY)
Diluted earnings per share
0.19 -5% 1.20 -6.98%
(CNY)
Weighted average for earning
-0.19% 9.59% -2.90%
rate of the net assets
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets, including
-20,083.00
the reversal of accrued impairment provision
Tax return, deduction and exemption with
unauthorized approval or no official document of 15,820,557.00
approval
Occupancy expenses of fund collected from non-
10,758,836.00
financial business and credited in profit and loss
Other non-operating income and expenses 3,714,321.00
Less: Income tax effect -6,992,493.00
Total 23,281,138.00 --
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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
Total number of preferred
41529, in shareholders with recovered
cluding voting power at the end of
22841 A report period
Total number of common
shares
shareholders at the end of report
and
period
18688 B
shares
The top 10 common shareholders
Number Pledged or
Character of Percentage of frozen
Name of Shareholders Shares held
shareholders (%) restricted Share Amo
shares status unt
YANTAI CHANGYU GROUP Domestic
COMPANY LIMITED non-state-
50.40% 345,473,856 0
owned legal
person
GAOLING FUND,L.P. Foreign legal
3.11% 21,300,919 0
person
CHINA SECURITIES State-owned
2.32% 15,924,155 0
FINANCE CORP legal person
BBH BOS S/A FIDELITY FD - CHINA Foreign legal
FOCUS FD 2.22% 15,241,826 0
person
NORGES BANK Foreign legal
0.96% 6,584,748 0
person
TIANAN PROPERTY Domestic
INSURANCE COMPANY non-state-
0.91% 6,269,414 0
LIMITED- BAOYING NO.1 owned legal
person
GUOTAI JUNAN Foreign legal
0.76% 5,221,382 0
SECURITIES (HONGKONG) person
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
LIMITED
CENTRAL HUIJIN ASSET State-owned
0.69% 4,761,200 0
MANAGEMENT LTD. legal person
CHINA CONSTRUCTION Domestic
BANK- CHINA-EU YONGYU non-state-
0.58% 3,956,508 0
HYBRID SECURITY owned legal
INVESTMENT FUND person
CHINA GUANGFA BANK –
Domestic
CHINA-EU SHENGSHI
non-state-
GROWTH CLASSFICATION 0.57% 3,930,647 0
owned legal
EQUITY SECURITY
person
INVESTMENT FUND
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
shares held share
YANTAI CHANGYU GROUP COMPANY LIMITED 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 21,300,919 B share 21,300,919
CHINA SECURITIES FINANCE CORP 15,924,155 A share 15,924,155
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
NORGES BANK 6,584,748 B share 6,584,748
TIANAN PROPERTY INSURANCE COMPANY
6,269,414 A share 6,269,414
LIMITED- BAOYING NO.1
GUOTAI JUNAN
5,221,382 B share 5,221,382
SECURITIES (HONGKONG) LIMITED
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
CHINA CONSTRUCTION BANK- CHINA-EU
YONGYU HYBRID SECURITY INVESTMENT 3,956,508 A share 3,956,508
FUND
CHINA GUANGFA BANK – CHINA-EU
SHENGSHI GROWTH CLASSFICATION EQUITY 3,930,647 A share 3,930,647
SECURITY INVESTMENT FUND
Among the top 10 shareholders, Yantai Changyu Group
The explanation for the associated
Company Limited has no associated relationship or accordant
relationship and accordant action
action relationship with the other 9 listed shareholders, and the
of the top 10 shareholders
relationship among the other shareholders is unknown.
Explanation for the top 10
common shareholders who
No
involved in financing activities
and stock trading business(if any)
Whether or not the Company’s top 10 common shareholders and top 10 common shareholders with
unrestricted shares promise to buy back trading during the report period
□ Yes √ No
There is 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.
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2) The total number of the preferred shareholders and top 10 preferred shareholders at the end of
the report period
□Available V Not available
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. The Great Change and Reasons on Main Accountant Data and Financial Index
√Available □Not available
In consolidated financial statement:
Compared the end of the report period with the beginning of the report period, interest
receivable decreased by 100%, mainly due to the reduce of bank deposit interest receivable
income; construction in process increased by 44.66%, mainly due to the increase in accumulated
investment amount of the Company’s investment projects under construction; notes payable
decreased by 38.97%, mainly due to the reduce of acceptance bill amount paid to the bank;
other payables increased by 59.93%, mainly due to the increase in payable advertising expense
and investment project fund and so on; non-current liability due within one year decreased by
69.25%, mainly due to the reduce of bank loan amount due within one year; deferred income
increased by 50.91%, mainly due to the increase in government grant amount.
Compared from January to September of 2016 with the same period last year, the non-business
income increased by 125.94%, mainly due to the increase in tax refund and government grants;
the net after-tax of other comprehensive income increased by 109.33%, mainly due to the
increase in foreign currency statements translation balance of overseas subsidiary companies
benefiting from exchange rate; cash paid for goods and services increased by 47.61%, mainly
due to the increase in purchasing production and operation materials; cash received from
acquiring loans increased by 75.58%, mainly due to the increase in the amount of bank loans;
cash paid to pay debts increased by 273.35%, which due to the increase in the amount of
repayment of bank loans.
The business cost from July to September of 2016 had a year-over-year growth of 33.80%,
which is mainly caused by consolidating Dicot Group into the financial statements.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available V Not available
3. The commitments that the Company, shareholders, actual controllers, purchasers,
directors, supervisors, senior executives or other related parties complete performing
during the report period and don’t complete up to the end of report period
√available □not available
Commitment Commitment Commitment Commitme Commitme Implementatio
Commitments
Party Type content nt time nt period n
Commitments
at share - －
reform
Commitments
made in - - - -
acquisition
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
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 performed
Ltd
Permission to According to
use intangible \"Trademark
assets License
Contract\", the
Company will
Commitments pay trademark
at the initial royalty for the
public \"Changyu\"prod
Yantai
offering or ucts of Yantai
Changyu
refinancing Changyu Group Has been
Group Co., 1997.05.18 Permanent
Co., Ltd every performed
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 Yes
under timely
implementati
on or not
For No
commitments
that exceed
the time limit
and are not
2016 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
completed,
specific
reasons of not
completing
the
implementati
on and the
next step
4. Forecast on the operating performance in 2016
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 is no activities of receptions, communication and interview etc. during the report period.
8.The situation of illegal external guarantee
□Available V Not available
There is no illegal external guarantee during the report period.
9. The situation of non-operating fund occupation of controlling shareholders and related
parties
□Available V Not available
There is no non-operating fund occupation of controlling shareholders and related parties during the
report period.
2016 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. 2016.09.30 Unit: CNY
Assets At 30 September 2016 At 31 December 2015
Current assets：
Monetary fund 1,469,286,073.00 1,285,362,414.00
Financial assets which are
measured by fair value and
which changes are recorded in
current profit and loss
Derivative financial liability
Notes receivable 109,459,835.00 113,988,122.00
Account receivable 194,924,910.00 197,795,091.00
Advance money 5,482,775.00 3,591,098.00
Interest receivable 0.00 8,019,338.00
Dividend receivable
Other account receivable 53,435,022.00 46,146,487.00
Inventories 1,910,732,810.00 2,
