2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2015 Third Quarter Report
2015-Final 04
Oct 2015
2015 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 quarter report and confirm
that to the best of their knowledge and belief there are no unfaithful facts, significant
omissions or misleading statements.
All directors have personally attended the Board of Directors’ meeting for deliberating the
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 quarter report.
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
II、Key financial data and shareholders changing
1. Key accounting data and 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) 9,655,921,097 8,912,232,640 8.34%
Net Assets attributed to the
shareholders of the listed 7,419,322,809 6,840,452,145 8.46%
company (CNY)
More or less than From the beginning of
More or less than
The report period last year(%) year to the end of the
last year(%)
report period
Business income (CNY) 860,434,812 -3.38% 3,686,228,062 15.46%
Net profit attributed to the
shareholders of the listed 136,798,209 -15.02% 882,858,457 10.49%
company (CNY)
Net profit attributed to the
shareholders of the listed
133,641,945 -16.19% 873,073,948 10.61%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
-- -- 1,219,234,324 11.16%
operating activities (CNY)
Basic earnings per share
0.20 -13.04% 1.29 11.21%
(CNY)
Diluted earnings per share
0.20 -13.04% 1.29 11.21%
(CNY)
Weighted average for earning
1.79% -0.61% 12.49% 0.55%
rate of the net assets
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Details of non-recurring profit and loss
√available □not available
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets(including
1,421 94,839
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, 11,218,301 13,451,971
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 1,115,919 -936,620
Less: Income tax effect 2,551,132 2,959,916
Total 9,784,509 --
The reasons shall be made clear and definitely as to the non-recurring profit and loss that the Company
has defined by virtue of the Explanatory Announcement on Public Company’s Information Disclosure
No.1 - Non-recurring Profit and Loss and as to regarding the non-recurring profit and loss as recurrent
profit and loss as specified in the Explanatory Announcement on Public Company’s Information
Disclosure No.1 - Non-recurring 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.
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. The total number of the shareholders and top 10 shareholders at the end of the report
period
1) The total number of common shareholders and top 10 common shareholders at the end of the
report period
Unit: share
Total number of common 35,368 including 19,937 A shareholders and
shareholders at the end of the report 15,431 B shareholders
period
The top 10 common shareholders
Numb Pledged or
er of frozen
Character of Percentage restric Shar
Name of Shareholders Shares held
shareholders (%) ted e Amo
shares statu unt
s
Domestic
non-state-
YANTAI CHANGYU GROUP CO. LTD. 50.40% 345,473,856 0 - 0
owned legal
person
Foreign -
GAOLING FUND,L.P. 3.11% 21,300,919 0
shareholder
Domestic -
CHINA SECURITIES FINANCE
CORPORATION LIMITED
general legal 2.33% 15,997,455 0
person
BBH BOS S/A FIDELITY FD - CHINA Foreign -
2.27% 15,576,126 0
FOCUS FD shareholder
GREENWOODS CHINA ALPHA MASTER Foreign -
1.26% 8,617,471 0
FUND shareholder
Foreign -
GOLDEN CHINA MASTER FUND 1.08% 7,389,916 0
shareholder
Foreign -
NORGES BANK 0.83% 5,698,452 0
shareholder
VALUE PARTNERS CHINA GREENCHIP Foreign -
0.74% 5,063,024 0
FUND LTD shareholder
Domestic -
CENTRAL HUIJIN INVESTMENT
COMPANY LIMITED
general legal 0.69% 4,761,200 0
person
GUOTAI JUNAN Foreign -
0.68% 4,669,146 0
SECURITIES(HONGKONG) LIMITED shareholder
The top 10 common shareholders with unrestricted shares
Name of Shareholders Number of Type of share
unrestricted Type of Amount
common shares share
held
YANTAI CHANGYU GROUP CO. LTD. 345,473,856 A share 345,473,856
GAOLING FUND,L.P. 21,300,919 B share 21,300,919
CHINA SECURITIES FINANCE CORPORATION LIMITED 15,997,455 A share 15,997,455
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,576,126 B share 15,576,126
GREENWOODS CHINA ALPHA MASTER FUND 8,617,471 B share 8,617,471
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
GOLDEN CHINA MASTER FUND 7,389,916 B share 7,389,916
NORGES BANK 5,698,452 B share 5,698,452
VALUE PARTNERS CHINA GREENCHIP FUND LTD 5,063,024 B share 5,063,024
CENTRAL HUIJIN INVESTMENT COMPANY LIMITED 4,761,200 A share 4,761,200
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 4,669,146 B share 4,669,146
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
relationship among the other shareholders is unknown.
Explanation for the top10 common
shareholders with unrestricted
The top 10 Shareholders is not involved in financing activities
shares who involved in financing
and stock trading business.
activities and stock trading
business(if any)
Whether or not the Company’s top10 common shareholders and top 10 common shareholders with
unrestricted shares promise to buy back trading during the report period
□ Yes √ No
There is no agreed to buy back trading by Company shareholders during the report period.
2) The total number of preferred shareholders and top 10 preferred shareholders at the end of the
report period
□Available V Not available
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
IIIMajorIssue
1. The Great Change and Reasons on Main Accountant Data and Financial Index
√available □not available
In consolidated financial statement, the great change and reasons on partial accountant data is as
follows,
Compared the end of the report period with the beginning of the year, monetary capital
increases by 53.50%, mainly due to the receivable of monetary capital in operation activity
profit and bank loan; prepayment decreases by 68.87%, mainly due to the reduction of prepaid
raw material purchase amount; Interest receivable increases by 89.17%, mainly due to the
increase of the receivable interest on bank deposit; inventory decreases by 22.83%, mainly
because selling products makes the decrease of merchandise inventory and raw material;
construction in process increases by 33%, mainly due to the increase of the accumulative total
investment in Company’s project under construction; short-term loans increases by 99.73%,
mainly due to the increase of short loan borrowing from bank; notes receivable increases by
40%, mainly due to the growth on payable bank acceptances; accounts payable decreases by
34.99%, mainly due to decrease of payable suppliers’ loan; interest payable increases by
37.54%, mainly due to the growth on payable interest of bank loan; other account payable
increases by 25.51%, mainly due to the increase of account payable for contractor in the
investment project under construction and advertisement fees.
Compared January to September, 2015 with the same period of last year, financial expense
increases by 164.37%, mainly due to the decline of income on bank deposit interest and the
increase of expenditure on bank loan interest; cash paid for other related to operation activity
which increases by 24.38%, mainly due to the growth of cash paid for marketing activities;
cash received from borrowing increases by 54.97%, mainly due to the growth on cash received
from bank short loan; net increase amount of cash and cash equivalents increases by 75.66%,
mainly due to the growth on net cash flow generated by operation activities and financial
activities.
Compared July to September, 2015 with the same period of last year, management expense of
the Company increases by 28.87%, mainly due to the growth of depreciation cost and
afforestation cost; financial expense increases by 3065.53%, mainly due to not only the increase
in expected losses on the fluctuation of foreign currency loans interest rate and the expenditure
of bank loan interest but also the decline in the income of bank loan interest.
2. Analysis explanation of the major issue’s process, its influence and the solution
V Available □Not available
About 75% equity of Dicot Partners S.L. in Spain acquired by the Company, related amount has
been paid in the report period and delivery of assets have been completed.
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Major issue summary Disclosure dates Disclosure index of interim report
Acquisition of 75% 2015.08.28 http://www.cninfo.com.cn/finalpage/2015-
equity of Dicot Partners 08-28/1201509186.PDF
S.L. in Spain
3. The commitments of the Company or shareholders of the Company holding more than
5% in the report period or until the report period
√available □not available
Comm
Commitment Commitment Implementa
Commitments Commitment content itment
Party time tion
period
Commitments at share
- － - -
reform
Commitments made in
acquisition report or equity - - - -
changes report
Commitments at asset
- - - -
restructuring
Yantai
Non Intra-industry In-process
Changyu 1997.05.18 Forever
competition performed
Group Co, Ltd
According to \"Trademark
License Contract\", the
Company will pay
Commitments at the initial trademark royalty for the
public offering or \"Changyu\"products of
Yantai
refinancing Yantai Changyu Group In-process
Changyu 1997.05.18 Forever
performed
Co., Ltd every year, Yantai
Group Co., Ltd
Changyu Group Co., Ltd
will use trademark to
advertise Changyu
trademarks and the
Contract products.
Commitments made to the
minority shareholders of - - - -
the Company
Commitment under timely
Yes
implementation or not
Specific reasons of not
completing the
No
implementation and the
next step
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4. Forecast on the operating performance in the year of 2015
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 explanation of holding other listed company equity situation
□Available V Not available
There is no other listed company equity holding during the report period
