YantaiChangyuPioneerWineCo.,Ltd.
2021FirstQuarterReport
2021-Final02
April2021
I.ImportantNotice
TheCompany’sboardofdirectors,boardofsupervisors,directors,supervisorsandseniorexecutivesguaranteethetruthfulness,accuracyandcompletenessofcontentscontainedinthisquarterreportaswellasnounfaithfulfacts,misleadingstatementsorsignificantomissionsandundertakeindividualandcollectivelegalliabilities.Alldirectorsattendedtheboardmeetingfordeliberatingthisquarterreport.Mr.ZhouHongjiang(personinchargeoftheCompany),Mr.JiangJianxun(personinchargeofaccountingwork),andMs.GuoCuimei(personinchargeofaccountinginstitutionandpersoninchargeofaccounting)declaretoassurethetruthfulness,accuracyandcompletenessofthefinancialstatementinthisquarterreport.
II、CorporateInformation
1.KeyaccountingdataandfinancialindicatorsWhethertheCompanyneedstomakeretroactiveadjustmentsorrestatetheaccountingdataofpreviousfiscalyears.
□Yes?No
| Thisreportperiod | Thesameperiodoflastyear | Moreorlessthanthesameperiodoflastyear(%) | |
| Operatingrevenue(CNY) | 1,134,006,251 | 805,715,048 | 40.75% |
| Netprofitattributedtotheshareholdersofthelistedcompany(CNY) | 286,745,340 | 234,499,910 | 22.28% |
| Netprofitattributedtotheshareholdersofthelistedcompanyafterdeductingtheirregularprofitandloss(CNY) | 280,760,222 | 225,980,141 | 24.24% |
| Netcashflowsfromtheoperatingactivities(CNY) | 314,895,523 | -118,493,699 | notavailable |
| Basicearningspershare(CNY) | 0.42 | 0.34 | 23.53% |
| Dilutedearningspershare(CNY) | 0.42 | 0.34 | 23.53% |
| Weightedaverageforearningrateofthenetassets | 2.75% | 2.23% | 0.52% |
| Theendofthisreportperiod | Theendoflastyear | Moreorlessthantheendoflastyear(%) | |
| Totalassets(CNY) | 13,456,572,813 | 13,102,481,541 | 2.70% |
| NetAssetsattributedtotheshareholdersofthelistedcompany(CNY) | 10,539,609,394 | 10,267,832,644 | 2.65% |
Detailsofnon-recurringgainsandlosses?Yes□No
Unit：
CNY
| Item | Frombeginningofyeartoendofreportperiod | Explanation |
| Gainondisposalofnon-currentassets(includingthereversalofaccruedimpairmentprovision) | -6,232 |
| Governmentgrantscreditedinprofitandloss(exceptforthoserecurringgovernmentgrantsthatarecloselyrelatedtotheentity’soperation,inlinewithrelatedregulationsandhaveproperbasisofcalculation) | 6,454,025 | |
| Othernon-operatingincomeandexpenses | 1,395,626 | |
| Less:Incometaxeffect | 1,839,989 | |
| Minorityinterestseffect(after-tax) | 18,312 | |
| Total | 5,985,118 | -- |
Thereasonsshallbemadeclearanddefinitelyastothenon-recurringprofitandlossthattheCompanyhasdefinedbyvirtueoftheExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-Non-recurringProfitandLossandastoregardingthenon-recurringprofitandlossasrecurrentprofitandlossasspecifiedintheExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1–Non-recurringProfitandLoss.
□Available?NotavailableThereisnosituationthatnon-recurringprofitandlossisdefinedandspecifiedasrecurrentprofitandlossinaccordancewiththeExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-Non-recurringProfitandLossduringthereportperiod.
2.Thetotalnumberofshareholdersandtop10shareholdersattheendofthereportperiod
1)Thenumberofthecommonshareholdersandpreferredshareholderswithrecoveredvotingpoweraswellastheshareholdingoftop10shareholders
Unit:share
| Totalnumberofcommonshareholdersattheendofreportperiod | 53,529 | Totalnumberofpreferredshareholderswithrecoveredvotingpowerattheendofreportperiod(ifhave) | 0 | ||||||
| Shareholdingoftop10shareholders | |||||||||
| NameofShareholders | Characterofshareholders | Percentage(%) | Sharesheld | Numberofrestrictedshares | Pledgedorfrozen | ||||
| Sharestatus | Amount | ||||||||
| YANTAICHANGYUGROUPCOMPANYLIMITED | Domesticnon-state-ownedlegalperson | 50.40% | 345,473,856 | 0 | — | — | |||
| GAOLINGFUND,L.P. | Foreignlegalperson | 3.08% | 21,090,219 | 0 | — | — | |||
| CHINASECURITIESFINANCECORP | State-ownedlegalperson | 1.75% | 11,966,365 | 0 | — | — | |||
| BBHBOSS/AFIDELITYFD-CHINAFOCUSFD | Foreignlegalperson | 1.61% | 11,015,226 | 0 | — | — | |||
| SHENWANHONGYUANSECURITIES(HONGKONG)LIMITED | Foreignlegalperson | 1.06% | 7,284,152 | 0 | — | — | |||
| FIDELITYPURITANTRUST:FIDELITYSERIESINTRINSICOPPORTUNITIESFUND | Foreignlegalperson | 0.93% | 6,350,762 | 0 | — | — | |||
| GUOTAIJUNANSECURITIES(HONGKONG)LIMITED | Foreignlegalperson | 0.78% | 5,335,545 | 0 | — | — | |||
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | Foreignlegalperson | 0.70% | 4,789,387 | 0 | — | — | |||
| CENTRALHUIJINASSETMANAGEMENTLTD. | State-ownedlegalperson | 0.69% | 4,761,200 | 0 | — | — | |||
| ChinaMerchantsSecurities(HK)Co.,Ltd. | Foreignlegalperson | 0.63% | 4,284,707 | 0 | — | — | |||
| Shareholdingoftop10shareholderswithunrestrictedshares | |||||||||
| NameofShareholders | Numberofunrestrictedsharesheld | Typeofshare | ||
| Typeofshare | Amount | |||
| YANTAICHANGYUGROUPCOMPANYLIMITED | 345,473,856 | Ashare | 345,473,856 | |
| GAOLINGFUND,L.P. | 21,090,219 | Bshare | 21,090,219 | |
| CHINASECURITIESFINANCECORP | 11,966,365 | Ashare | 11,966,365 | |
| BBHBOSS/AFIDELITYFD-CHINAFOCUSFD | 11,015,226 | Bshare | 11,015,226 | |
| SHENWANHONGYUANSECURITIES(HONGKONG)LIMITED | 7,284,152 | Bshare | 7,284,152 | |
| FIDELITYPURITANTRUST:FIDELITYSERIESINTRINSICOPPORTUNITIESFUND | 6,350,762 | Bshare | 6,350,762 | |
| GUOTAIJUNANSECURITIES(HONGKONG)LIMITED | 5,335,545 | Bshare | 5,335,545 | |
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | 4,789,387 | Bshare | 4,789,387 | |
| CENTRALHUIJINASSETMANAGEMENTLTD. | 4,761,200 | Ashare | 4,761,200 | |
| ChinaMerchantsSecurities(HK)Co.,Ltd. | 4,284,707 | Bshare | 4,284,707 | |
| Theexplanationfortheassociatedrelationshipandaccordantactionofthetop10shareholders | Amongthetop10shareholders,YantaiChangyuGroupCompanyLimitedhasnoassociatedrelationshiporaccordantactionrelationshipwiththeother9listedshareholders,andtherelationshipamongtheothershareholdersisunknown. | |||
| Explanationforthetop10commonshareholderswhoinvolvedinfinancingactivitiesandstocktradingbusiness(ifany) | No | |||
WhetherornottheCompany’stop10commonshareholdersandtop10commonshareholderswithunrestrictedsharespromisetobuybacktradingduringthereportperiod□Yes?NoTherearenotop10commonshareholdersandtop10commonshareholderswithunrestrictedsharesintheCompanypromisetobuybacktradingduringthereportperiod.
2)Thetableofthetotalnumberofthepreferredshareholdersandtheshareholdingstatusofthetop10preferredshareholders□Available?Notavailable
III、MajorIssue
1.Situationandreasonofchangeinmajorfinancialdataandfinancialindexduringthereportperiod?Available□NotavailableComparedwiththebeginningofthereportperiod,attheendofthereportperiod,intheconsolidatedbalancesheet,monetaryfundincreasedby19.58%,mainlyduetothereceiptofmonetaryfundsforsalesofproductsduringthereportperiod;receivablesfinancingincreasedby
21.55%,mainlyduetothereceiptofnotesreceivablesfromsalesofproductsduringthereportperiod;accountsprepaiddecreasedby66.89%,mainlyduetothecompletionofprocedureandsettlementfortheamountprepaidforrawmaterialsatthebeginningofthereportperiod;non-currentliabilitiesduewithinoneyeardecreasedby33.67%,mainlyduetotherepaymentofduelong-termbankloanduringthereportperiod.Comparedwiththesameperiodoflastyear,intheconsolidatedprofitstatementduringthereportperiod:operatingincomeincreasedby40.75%,operatingcostsincreasedby51.55%,taxesandsurchargesincreasedby45.50%,netprofitincreasedby21.70%,mainlyduetotheincreaseinproductsalesduringthereportperiod;sellingexpensesincreasedby79.84%,mainlyduetotheCompany'sincreasedmarketinginvestment;financialexpensesincreasedby58.18%,mainlyduetotheimplementationofthenewleasestandardsin2021thattheamortizationoffinancingexpenseswasincludedinfinancialexpenses.Comparedwiththesameperiodoflastyear,intheconsolidatedcashflowstatementduringthereportperiod:cashreceivedfromsalesofgoodsandrendingofservicesincreasedby44.02%,mainlyduetotheincreaseinmonetaryfundsreceivedfromsalesofproductsduringthereportperiod;othercashpaidrelatedtooperatingactivitiesincreasedby49.85%,mainlyduetotheincreaseincashpaidformarketinginvestment;cashreceivedfromacquiringloansdecreasedby
97.29%,mainlyduetoadecreaseinobtainedbankloan;cashpaidtorepaydebtdecreasedby
80.79%,mainlyduetothedecreaseinthecashusedfortherepaymentofbankloan;thecashandcashequivalentsincreasedsignificantly(fromnegativetopositive),mainlyduetotheincreaseincashreceivedfromsalesofproductsduringthereportperiod.
2.Analysisexplanationofmajorissue’sprocess,influenceandsolution
□Available?NotavailableImplementationprogressofsharerepurchase
□Available?NotavailableImplementationprogressofreducingorrepurchasingsharesbythewayofcentralizedbidding
□Available?Notavailable
3.ThecommitmentsthattheCompany’sactualcontrollers,shareholders,relatedparties,purchasers,theCompanyandotherrelated
partiesdonotimplementcompletelyexceedingthetimelimitwithinreportperiod?Available□Notavailable
| Commitments | CommitmentParty | CommitmentType | Commitmentcontent | Commitmenttime | Commitmentperiod | Implementation |
| Commitmentsatsharereform | ||||||
| Commitmentsmadeinacquisitionreportorequitychangesreport | ||||||
| Commitmentsatassetrestructuring | ||||||
| Commitmentsattheinitialpublicofferingorrefinancing | YantaiChangyuGroupCo.,Ltd. | Solvehorizontalcompetition | Non-horizontalcompetition | 1997.05.18 | Permanent | Hasbeenfulfillingthecommitment |
| YantaiChangyuGroupCo.,Ltd. | Definetheuseoftrademarkusefee | AccordingtoTrademarkLicenseContract,theannualtrademarkusefeeoftrademarksincluding“张裕”(Changyu)paidbytheCompanytoYantaiChangyuGroupCo.,Ltd.shouldbemainlyusedbyYantaiChangyuGroupCo.,Ltd.topublicizetrademarksincluding“张 | 1997.05.18 | 1997.05.18to2019.04.04 | AccordingtoTrademarkLicenseContract,theannualtrademarkusefeechargedbyYantaiChangyuGroupCo.,Ltd.shouldbemainlyusedtopublicizetrademarksincluding“张裕”(Changyu)andcontractualproducts.Excepttheperiodfrom2013to2017whenYantaiChangyuGroupCo.,Ltd.Didn’tstrictly |
| 裕”(Changyu)andcontractualproducts. | fulfillthecommitment,YantaiChangyuGroupCo.,Ltd.hasbeenfulfillingthecommitment. | |||||
| Equityincentivecommitments | ||||||
| CommitmentsmadetotheminorityshareholdersoftheCompany | YantaiChangyuGroupCo.,Ltd. | Compensatingunredeemedcommitment | TheCNY231,768,615thatwasnotusedforpublicityoftrademarksandcontractproductsaspromisedwillbeoffsetbythefour-yeartrademarkusefeefrom2019to2022.Ifinsufficient,theshortfallwouldbefilledinonetimein2023.Ifthereisanyexcess,theexcessportionofthetrademarkusefeewouldbecollectedfromtheyearwithexcessoccurrence. | 2019.04.04 | 2019.04.04to2023.12.31 | Hasbeenfulfillingthecommitment |
| Commitmentundertimelyimplementationornot | No | |||||
| Forcommitmentsthatexceedthetimelimitandarenotcompleted,specificreasonsofnotcompletingtheimplementationandthenextstep | AccordingtoTrademarkLicenseContract(hereafterreferredtoas“thisContract”),ChangyuGrouppromisedthattheannualtrademarkusefeepaidbytheCompanytoChangyuGroupwouldbemainlyusedbyChangyuGrouptopublicizethesetrademarksandcontractualproducts.However,theabove-mentioned“mainly”isnotaspecificnumber.Duringtheimplementationprocess,duetoinconsistentunderstanding,itiseasytocausedivergenceandleadstoproblems.From2013to2017,ChangyuGroupcollectedatotalofCNY420,883,902trademarkusefee,ofwhich51%wasusedtopublicizetrademarksincludingChangyuandcontractproductswithamountofCNY214,650,790.TheamounthasbeenusedtopublicizetrademarksincludingChangyuandcontractproductsisCNY50,025,181,withabalanceofCNY164,625,609.In2018and2019,thetrademarkusefeecollectedof2017and2018isCNY155,623,907,ofwhich51%isusedtopublicizetrademarksincludingChangyuandcontractproductswithamountofCNY79,368,193.TheamounthasbeenusedtopublicizetrademarksincludingChangyuandcontractproductsisCNY12,225,187,withabalanceof | |||||
4.Investmentinfinancialassets
1)Situationofsecurityinvestment
□Available?NotavailableThereisnosecurityinvestmentduringthereportperiod.
2)Situationofderivativeinvestment□Available?NotavailableThereisnoderivativeinvestmentduringthereportperiod.
5.Progressofinvestmentprojectswithraisedfunds
□Available?Notavailable
6.ForecastofbusinessperformancefromJanuarytoJuneof2021Awarningandreasonexplanationforpredictingthatthecumulativenetprofitfromthebeginningoftheyeartotheendofthenextreportperiodmaybealossortherewillbeasignificantchangecomparedwiththesameperiodofpreviousyear□Available?Notavailable
7.Majorcontractsduringdailyoperations□Available?Notavailable
8.EntrustedInvestment
□Available?NotavailableThereisnoentrustedinvestmentduringthereportperiod.
9.Situationofillegalexternalguarantee□Available?NotavailableThereisnoillegalexternalguaranteeduringthereportperiod.
10.Situationofnon-operatingfundoccupationofcontrollingshareholdersandrelatedparties
□Available?NotavailableThereisnonon-operatingfundoccupationofcontrollingshareholdersandrelatedpartiesduringthereportperiod.
11.Theactivitiesregistrationformofreceptions,communicationandinterviewetc.during
thereportperiod
□Available?NotavailableTherearenoactivitiesofreceptions,communicationandinterviewetc.duringthereportperiod.
IVFinancialStatements
1.FinancialStatements
1)ConsolidatedbalancesheetPreparation:YantaiChangyuPioneerWineCo.,Ltd.Unit:CNY
| Item | March31st,2021 | December31st,2020 |
| CurrentAssets： | ||
| Monetaryfund | 1,428,071,572 | 1,194,214,929 |
| Pettycash | ||
| Lendingfunds | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 151,141,109 | 183,853,362 |
| ReceivablesFinancing | 410,932,156 | 338,090,187 |
| Accountsprepaid | 23,605,179 | 71,296,416 |
| Premiumsreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Receivablereservesforreinsurancecontract | ||
| Otherreceivables | 20,813,055 | 22,428,956 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventory | 3,003,633,671 | 2,945,548,651 |
| Contractassets | ||
| Assetsclassifiedasholdingforsale | ||
| Non-currentassetsexpireinoneyear | ||
| Othercurrentassets | 227,321,727 | 234,118,715 |
| TotalCurrentAssets | 5,265,518,469 | 4,989,551,216 |
| Non-currentAssets： | ||
| Offeringloansandimprest | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 47,946,782 | 48,263,507 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Realestateforinvestment | 26,264,102 | 27,057,730 |
| Fixedassets | 5,631,039,398 | 5,724,935,846 |
| Constructioninprogress | 660,339,023 | 635,495,152 |
| Biologicalassetsforproduction | 193,565,938 | 192,173,536 |
| Oilandgasassets | ||
| Right-of-useassets | 114,171,240 | |
| Intangibleassets | 695,104,398 | 660,989,065 |
| Developmentexpenditure | ||
| Goodwill | 132,938,212 | 132,938,212 |
| Long-termdeferredexpenses | 340,594,384 | 314,465,855 |
| Deferredtaxassets | 181,119,364 | 206,241,275 |
| Othernon-currentassets | 167,971,503 | 170,370,147 |
| TotalNon-CurrentAssets | 8,191,054,344 | 8,112,930,325 |
| TotalAssets | 13,456,572,813 | 13,102,481,541 |
| Currentliabilities： | ||
| Short-termloan | 704,847,942 | 689,090,715 |
| BorrowingsfromtheCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 502,683,205 | 484,347,958 |
| Advancesfromcustomers | ||
| Contractliabilities | 118,807,719 | 135,073,280 |
| Sales/buybackfinancialassets | ||
| Customerandinterbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Wagepayable | 164,844,499 | 188,779,911 |
| Taxpayable | 187,404,541 | 213,412,813 |
| Otheraccountspayable | 430,309,296 | 386,105,526 |
| Including:Interestpayable | 1,335,566 | 553,471 |
| Dividendpayable | 1,003,125 | |
| Payablehandlingfeesandcommission | ||
| Dividendpayableforreinsurance | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | 88,424,997 | 133,311,890 |
| Othercurrentliabilities | 15,445,004 | 14,820,653 |
| TotalCurrentLiabilities | 2,212,767,203 | 2,244,942,746 |
| Non-CurrentLiabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 208,558,582 | 200,352,968 |
| Bondspayable | ||
| PreferredStock | ||
| Perpetualcapitalsecurities |
| Leaseliability | 126,752,077 | |
| Long-termaccountspayable | 64,000,000 | 86,000,000 |
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 48,957,247 | 52,653,609 |
| Deferredtaxliabilities | 13,413,777 | 12,022,613 |
| Othernon-currentliabilities | 2,178,971 | 2,078,971 |
| Totalnon-currentliabilities | 463,860,654 | 353,108,161 |
| Totalliabilities | 2,676,627,857 | 2,598,050,907 |
| Owner’sequity(orshareholders’equity): | ||
| Capitalstock | 685,464,000 | 685,464,000 |
| Otherequityinstruments | ||
| PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 524,968,760 | 524,968,760 |
| Minus:treasurystock | ||
| Othercomprehensiveincome | -6,848,783 | 576,129 |
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Generalriskpreparation | ||
| Undistributedprofits | 8,993,293,417 | 8,714,091,755 |
| Totalowner'sequityattributabletotheholdingcompany | 10,539,609,394 | 10,267,832,644 |
| Minorityinterests | 240,335,562 | 236,597,990 |
| Totalowner'sequity | 10,779,944,956 | 10,504,430,634 |
| Totalliabilitiesandowner'sequity | 13,456,572,813 | 13,102,481,541 |
Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:JiangJianxun;Personinchargeofaccountingorgan:GuoCuimei
2)Balancesheetofparentcompany
Unit:CNY
| Item | March31st,2021 | December31st,2020 |
| CurrentAssets： | ||
| Monetaryfund | 568,720,291 | 267,548,326 |
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 103,204 | |
| ReceivablesFinancing | 31,834,266 | 13,920,000 |
| Accountsprepaid | 171,709 | |
| Otherreceivables | 286,496,051 | 580,131,798 |
| Including:Interestreceivable | ||
| Dividendsreceivable | 200,000,000 | |
| Inventory | 464,358,837 | 482,442,935 |
| Contractassets | ||
| Assetsclassifiedasholdingforsale | ||
| Non-currentassetsexpireinoneyear | ||
| Othercurrentassets | 32,419,867 | 24,842,325 |
| TotalCurrentAssets | 1,383,932,516 | 1,369,057,093 |
| Non-currentAssets： | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 7,599,650,440 | 7,599,778,881 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Realestateforinvestment | 26,264,102 | 27,057,730 |
| Fixedassets | 237,509,195 | 243,634,747 |
| Constructioninprogress | 3,705,589 | 2,865,243 |
| Biologicalassetsforproduction | 117,319,312 | 115,103,753 |
| Oilandgasassets | ||
| Right-of-useassets | 44,055,097 | |
| Intangibleassets | 80,103,270 | 80,789,730 |
| Developmentexpenditure | ||
| Goodwill | ||
| Long-termdeferredexpenses | ||
| Deferredtaxassets | 18,458,710 | 18,285,685 |
| Othernon-currentassets | 1,824,700,000 | 1,530,700,000 |
| TotalNon-CurrentAssets | 9,951,765,715 | 9,618,215,769 |
| TotalAssets | 11,335,698,231 | 10,987,272,862 |
| Currentliabilities： |
| Short-termloan | 150,000,000 | 150,000,000 |
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 99,385,225 | 76,470,081 |
| Advancesfromcustomers | ||
| Contractliabilities | ||
| Wagepayable | 64,346,072 | 67,808,910 |
| Taxpayable | 9,649,652 | 9,123,959 |
| Otheraccountspayable | 326,155,711 | 521,505,947 |
| Including:Interestpayable | 137,671 | 181,250 |
| Dividendpayable | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | ||
| Othercurrentliabilities | ||
| TotalCurrentLiabilities | 649,536,660 | 824,908,897 |
| Non-CurrentLiabilities: | ||
| Long-termborrowings | ||
| Bondspayable | ||
| PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Leaseliability | 51,463,133 | |
| Long-termaccountspayable | ||
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 4,609,061 | 5,507,708 |
| Deferredtaxliabilities | ||
| Othernon-currentliabilities | 1,164,471 | 1,164,471 |
| Totalnon-currentliabilities | 57,236,665 | 6,672,179 |
| Totalliabilities | 706,773,325 | 831,581,076 |
| Owner’sequity(orshareholders’equity): | ||
| Capitalstock | 685,464,000 | 685,464,000 |
| Otherequityinstruments | ||
| PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 560,182,235 | 560,182,235 |
| Minus:treasurystock | ||
| Othercomprehensiveincome | ||
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Undistributedprofits | 9,040,546,671 | 8,567,313,551 |
| Totalowner'sequity | 10,628,924,906 | 10,155,691,786 |
| Totalliabilitiesandowner'sequity | 11,335,698,231 | 10,987,272,862 |
3)Consolidatedprofitstatement
Unit:CNY
| Item | Amountincurredincurrentperiod | Amountincurredinpreviousperiod |
| 1.Revenue | 1,134,006,251 | 805,715,048 |
| Including:Operatingincome | 1,134,006,251 | 805,715,048 |
| Interestincome | ||
| Earnedpremium | ||
| Handlingfeesandcommissionincome | ||
| 2.Totaloperatingcosts | 763,383,605 | 503,718,024 |
| Including:Operatingcosts | 439,796,024 | 293,557,602 |
| Interestexpenditure | ||
| Handlingfeesandcommissionexpenditure | ||
| Premiumrebate | ||
| Netamountofindemnityexpenditure | ||
| Netamountofinsurancecontractreservefundwithdrawal | ||
| Policybonuspayment | ||
| Amortizedreinsuranceexpenditures | ||
| Taxesandsurcharges | 62,465,972 | 42,932,963 |
| Sellingexpenses | 189,956,956 | 105,626,558 |
| Administrativeexpenses | 65,994,869 | 58,450,503 |
| Researchanddevelopmentexpenditure | 1,322,003 | 717,857 |
| Financialexpenses | 3,847,781 | 2,432,541 |
| Including:Interestexpenses | 6,137,736 | 1,340,165 |
| Interestincome | 1,533,573 | 2,959,442 |
| Plus:Otherincome | 6,454,025 | 6,701,749 |
| Investmentprofit(lossislistedwith"-") | -834,725 | -504,952 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | -834,725 | -504,952 |
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Exchangeincome(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | -846,868 | 4,245,080 |
| Lossforimpairmentofassets(lossislistedwith"-") | 9,448,110 | 65,237 |
| Assetsdisposalincome(lossislistedwith"-") | -6,232 | |
| 3.Operatingprofit(lossislistedwith"-") | 384,836,956 | 312,504,138 |
| Plus:Non-operatingincome | 1,407,423 | 3,555,394 |
| Minus:Non-operatingexpenditure | 11,797 | 907,906 |
| 4.Totalprofits(totallossislistedwith"-") | 386,232,582 | 315,151,626 |
| Minus:Incometaxes | 99,867,230 | 79,854,888 |
| 5.Netprofit(netlossislistedwith"-") | 286,365,352 | 235,296,738 |
| （一）Classificationbycontinuousoperation | ||
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | ||
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| (二)Classificationbyownership | ||
| 1.Netprofitsattributetoequityholdersofthecompany | 286,745,340 | 234,499,910 |
| 2.Minorityinterests | -379,988 | 796,828 |
| 6.Netvalueofothercomprehensiveincomeaftertax | -8,207,352 | -9,349,817 |
| 6.1Netvalueofothercomprehensiveincomeaftertaxofholdingcompany'sowners | -7,424,912 | -7,737,478 |
| 6.1.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss | ||
| 6.1.1.1Changesofthedefinedbenefitplansthatre-measured | ||
| 6.1.1.2Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 6.1.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 6.1.1.4Fairvaluechangeofenterprise'screditrisk | ||
| 6.1.1.5Other | ||
| 6.1.2Othercomprehensiveincomethatwillbeclassifiedintotheprofitandloss | -7,424,912 | -7,737,478 |
| 6.1.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 6.1.2.2Changeoffairvalueofotherdebtinvestment | ||
| 6.1.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 6.1.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 6.1.2.5Cashflowhedgingreserve | ||
| 6.1.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | -7,424,912 | -7,737,478 |
| 6.1.2.7Other | ||
| 6.2Netvalueofothercomprehensiveincomeaftertaxofminorityshareholders | -782,440 | -1,612,339 |
| 7.TotalcomprehensiveIncome | 278,158,000 | 225,946,921 |
| Totalcomprehensiveincomeofholdingcompany | 279,320,428 | 226,762,432 |
| Totalcomprehensiveincomeofminorityshareholders | -1,162,428 | -815,511 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.42 | 0.34 |
| 8.2Dilutedearningspershare | 0.42 | 0.34 |
Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofitamountofCNY0beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY0inthesameperiodoflastyear.Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:JiangJianxun;Personinchargeofaccountingorgan:GuoCuimei
4)Profitstatementofparentcompany
Unit:CNY
| Item | Amountincurredincurrentperiod | Amountincurredinpreviousperiod |
| 1.Revenue | 135,152,834 | 80,885,723 |
| Minus:Operatingcosts | 109,342,846 | 75,083,735 |
| Taxesandsurcharges | 7,423,984 | 1,297,141 |
| Sellingexpenses | ||
| Administrativeexpenses | 22,386,072 | 18,193,115 |
| Researchanddevelopmentexpenditure | 317,164 | 186,498 |
| Financialexpenses | 1,173,748 | -6,073,212 |
| Including:Interestexpenses | 1,215,243 | -4,587,790 |
| Interestincome | 643,262 | 1,656,341 |
| Plus:Otherincome | 2,991,973 | 898,901 |
| Investmentprofit(lossislistedwith"-") | 479,871,558 | |
| Including:Investmentprofitforjoint-runbusinessandjointventure | -128,442 | |
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | ||
| Lossforimpairmentofassets(lossislistedwith"-") | ||
| Assetsdisposalincome(lossislistedwith"-") | 364 | |
| 2.Operatingprofit(lossislistedwith"-") | 477,372,915 | -6,974,532 |
| Plus:Non-operatingincome | 67,317 | 1,639,361 |
| Minus:Non-operatingexpenses | 25,000 | |
| 3.Totalprofits(totallossislistedwith"-") | 477,440,232 | -5,360,171 |
| Minus:Incometax | -443,762 | -1,581,075 |
| 4.Netprofit(netlossislistedwith"-") | 477,883,994 | -3,779,096 |
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | 477,883,994 | -3,779,096 |
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| 5.Netvalueofothercomprehensiveincomeaftertax | ||
| 5.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss | ||
| 5.1.1Remeasurethechangesinnetassetsorliabilitiesofdefinedbenefitplans | ||
| 5.1.2Sharesofothercomprehensiveincomefrominvesteewhichcannotbereclassifiedintoprofitandlossundertheequitymethod | ||
| 5.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 5.1.4Fairvaluechangeofenterprise'screditrisk | ||
| 5.1.5Other | ||
| 5.2Othercomprehensiveincomethatwillbeclassifiedintothe |
| profitandloss | ||
| 5.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 5.2.2Changeoffairvalueofotherdebtinvestment | ||
| 5.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 5.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 5.2.5Cashflowhedgingreserve | ||
| 5.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 477,883,994 | -3,779,096 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.70 | -0.01 |
| 7.2Dilutedearningspershare | 0.70 | -0.01 |
5)Consolidatedcashflowstatement
Unit:CNY
| Item | Amountincurredincurrentperiod | Amountincurredinpreviousperiod |
| 1.Cashflowsfromoperatingactivities: | ||
| Cashreceivedfromsalesofgoodsandrendingofservices | 1,124,323,460 | 780,677,233 |
| Netincreaseincustomerandinterbankdeposits | ||
| Netincreaseinborrowingsfromcentralbank | ||
| Netincreaseinborrowingsfromotherfinancialinstitutions | ||
| Cashreceivedfromreceivinginsurancepremiumoforiginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofdepositofinsuredandinvestmentfund | ||
| Netincreaseindisposingoffinancialassetsthatmeasuredbyfairvaluewithchangesrecordedintothecurrentprofitandloss | ||
| Cashreceivedfromcollectinginterest,handlingfeesandcommission | ||
| Netincreaseinborrowings | ||
| Netincreaseinrepurchasementbusinessfunds | ||
| Taxrefundreceived | 12,044,650 | 9,399,269 |
| Othercashreceivedrelatedtooperatingactivities | 7,599,340 | 7,972,557 |
| Sub-totalofcashinflowsofoperatingactivities | 1,143,967,450 | 798,049,059 |
| Cashpaidforgoodsandservices | 293,741,971 | 328,637,910 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositsincentralbankandinterbankdeposits | ||
| Cashpaidtooriginalinsurancecontractpayments | ||
| Netincreaseinlendingfunds | ||
| Cashpaidtointerest,handlingfeesandcommission | ||
| Cashpaidtopolicybonus | ||
| Cashpaidtoandonbehalfofemployees | 136,142,282 | 138,780,969 |
| Cashpaidfortaxesandexpenses | 262,597,971 | 357,971,700 |
| Othercashpaidrelatedtooperatingactivities | 136,589,703 | 91,152,179 |
| Sub-totalofcashoutflowsofoperatingactivities | 829,071,927 | 916,542,758 |
| Netcashflowfromoperatingactivities | 314,895,523 | -118,493,699 |
| 2.Cashflowfrominvestingactivities: | ||
| Cashreceivedfromreturnofinvestment | 5,200,000 | 32,200,000 |
| Cashreceivedfromobtaininginvestmentprofit | 70,741 | 697,156 |
| Cashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 11,081 | 146,938 |
| Netcashreceivedfromdisposalofbranchandotherbusinessunit | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Sub-totalofcashinflowsofinvestmentactivities | 5,281,822 | 33,044,094 |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong- | 40,864,588 | 51,465,979 |
| termassets | ||
| Cashforinvestments | 5,200,000 | 32,754,396 |
| Netincreaseinhypothecatedloan | ||
| Netcashpaidtoacquirebranchandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | ||
| Subtotalofcashoutflowsofinvestmentactivities | 46,064,588 | 84,220,375 |
| Netcashflowfrominvestingactivities | -40,782,766 | -51,176,281 |
| 3.Cashflowfromfinancingactivities | ||
| Cashreceivedfromacquiringinvestment | ||
| Including:Cashreceivedfromacquiringminorityshareholders'investmentbybranch | ||
| Cashreceivedfromacquiringloans | 4,450,003 | 164,447,222 |
| Cashreceivedfromissuingbonds | ||
| Sub-totalcashinflowsoffinancingactivities | 4,450,003 | 164,447,222 |
| Cashpaidtorepaydebts | 38,398,750 | 199,877,909 |
| Cashpaidtodistributedividend,profitorpayinterest | 6,362,415 | 14,678,347 |
| Including:Dividendandprofitpaidtominorityshareholdersbybranch | 1,551,687 | |
| Othercashpaidrelatedtofinancingactivities | ||
| Sub-totalofcashoutflowsoffinancingactivities | 44,761,165 | 214,556,256 |
| Netcashflowfromfinancingactivities | -40,311,162 | -50,109,034 |
| 4.Influencesofexchangeratefluctuationoncashandcashequivalents | 64,400 | -109,441 |
| 5.NetIncreaseofcashandcashequivalents | 233,865,995 | -219,888,455 |
| Plus:balanceatthebeginningoftheperiodofcashandcashequivalents | 1,052,665,106 | 1,397,399,469 |
| 6.Balanceattheendoftheperiodofcashandcashequivalents | 1,286,531,101 | 1,177,511,014 |
6)Cashflowstatementofparentcompany
Unit:CNY
| Item | Amountincurredincurrentperiod | Amountincurredinpreviousperiod |
| 1.Cashflowsfromoperatingactivities: | ||
| Cashreceivedfromsalesofgoodsandrendingofservices | 151,725,566 | 115,544,590 |
| Taxrefundreceived | ||
| Othercashreceivedrelatedtooperatingactivities | 9,600,551 | 13,720,041 |
| Sub-totalofcashinflowsofoperatingactivities | 161,326,117 | 129,264,631 |
| Cashpaidforgoodsandservices | 82,090,305 | 122,591,995 |
| Cashpaidtoandonbehalfofemployees | 22,814,323 | 17,199,260 |
| Cashpaidfortaxesandexpenses | 16,191,497 | 4,853,193 |
| Othercashpaidrelatedtooperatingactivities | 134,756,189 | 101,579,010 |
| Sub-totalofcashoutflowsofoperatingactivities | 255,852,314 | 246,223,458 |
| Netcashflowfromoperatingactivities | -94,526,197 | -116,958,827 |
| 2.Cashflowfrominvestingactivities: | ||
| Cashreceivedfromreturnofinvestment | 5,200,000 | 12,200,000 |
| Cashreceivedfromobtaininginvestmentprofit | 680,070,741 | 82,242,639 |
| Cashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 47,954 | |
| Netcashreceivedfromdisposalofbranchandotherbusinessunit | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Sub-totalofcashinflowsofinvestmentactivities | 685,318,695 | 94,442,639 |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong-termassets | 2,178,067 | 556,491 |
| Cashforinvestments | 5,200,000 | 12,200,000 |
| Netcashpaidtoacquirebranchandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | 281,000,000 | 100,000,000 |
| Subtotalofcashoutflowsofinvestmentactivities | 288,378,067 | 112,756,491 |
| Netcashflowfrominvestingactivities | 396,940,628 | -18,313,852 |
| 3.Cashflowfromfinancingactivities | ||
| Cashreceivedfromacquiringinvestment | ||
| Cashreceivedfromacquiringloans | ||
| Othercashreceivedrelatedtofinancingactivities | ||
| Sub-totalcashinflowsoffinancingactivities | ||
| Cashpaidtorepaydebts | ||
| Cashpaidtodistributedividend,profitorpayinterest | 1,256,484 | 1,411,688 |
| Othercashpaidrelatedtofinancingactivities | ||
| Sub-totalofcashoutflowsoffinancingactivities | 1,256,484 | 1,411,688 |
| Netcashflowfromfinancingactivities | -1,256,484 | -1,411,688 |
| 4.Influencesofexchangeratefluctuationoncashandcashequivalents |
| 5.NetIncreaseofcashandcashequivalents | 301,157,947 | -136,684,367 |
| Plus:balanceatthebeginningoftheperiodofcashandcashequivalents | 182,123,070 | 623,116,542 |
| 6.Balanceattheendoftheperiodofcashandcashequivalents | 483,281,017 | 486,432,175 |
2.Notesonfinancialstatementadjustments
1)Relevantsituationsofadjustmentinfinancialstatementatthebeginningof2021whenthenewleasestandardsarefirstimplemented?Available?NotavailableWhethertoadjustthebalancesheetaccountsatthebeginningoftheyear?Yes?NoConsolidatedbalancesheet
Unit:CNY
| Item | December31st,2020 | January1st,2021 | Adjustment |
| CurrentAssets： | |||
| Monetaryfund | 1,194,214,929 | 1,194,214,929 | |
| Accountsreceivable | 183,853,362 | 183,853,362 | |
| ReceivablesFinancing | 338,090,187 | 338,090,187 | |
| Accountsprepaid | 71,296,416 | 71,296,416 | |
| Otherreceivables | 22,428,956 | 22,428,956 | |
| Inventory | 2,945,548,651 | 2,945,548,651 | |
| Othercurrentassets | 234,118,715 | 234,118,715 | |
| TotalCurrentAssets | 4,989,551,216 | 4,989,551,216 | |
| Non-currentAssets： | |||
| Long-termequityinvestment | 48,263,507 | 48,263,507 | |
| Realestateforinvestment | 27,057,730 | 27,057,730 | |
| Fixedassets | 5,724,935,846 | 5,724,935,846 | |
| Constructioninprogress | 635,495,152 | 635,495,152 | |
| Biologicalassetsforproduction | 192,173,536 | 192,173,536 | |
| Right-of-useassets | 117,697,372 | 117,697,372 | |
| Intangibleassets | 660,989,065 | 660,989,065 | |
| Goodwill | 132,938,212 | 132,938,212 | |
| Long-termdeferredexpenses | 314,465,855 | 312,427,221 | -2,038,634 |
| Deferredtaxassets | 206,241,275 | 208,755,834 | 2,514,559 |
| Othernon-currentassets | 170,370,147 | 170,370,147 | |
| TotalNon-CurrentAssets | 8,112,930,325 | 8,231,103,622 | 118,173,297 |
| TotalAssets | 13,102,481,541 | 13,220,654,838 | 118,173,297 |
| Currentliabilities： | |||
| Short-termloan | 689,090,715 | 689,090,715 | |
| Accountspayable | 484,347,958 | 484,347,958 | |
| Contractliabilities | 135,073,280 | 135,073,280 | |
| Wagepayable | 188,779,911 | 188,779,911 |
| Taxpayable | 213,412,813 | 213,412,813 | |
| Otheraccountspayable | 386,105,526 | 386,105,526 | |
| Including:Interestpayable | 553,471 | 553,471 | |
| Dividendpayable | 1,003,125 | 1,003,125 | |
| Non-currentliabilitiesexpireinoneyear | 133,311,890 | 133,311,890 | |
| Othercurrentliabilities | 14,820,653 | 14,820,653 | |
| TotalCurrentLiabilities | 2,244,942,746 | 2,244,942,746 | |
| Non-CurrentLiabilities: | |||
| Long-termborrowings | 200,352,968 | 200,352,968 | |
| Leaseliability | 125,716,975 | 125,716,975 | |
| Long-termaccountspayable | 86,000,000 | 86,000,000 | |
| Deferredincome | 52,653,609 | 52,653,609 | |
| Deferredtaxliabilities | 12,022,613 | 12,022,613 | |
| Othernon-currentliabilities | 2,078,971 | 2,078,971 | |
| Totalnon-currentliabilities | 353,108,161 | 478,825,136 | 125,716,975 |
| Totalliabilities | 2,598,050,907 | 2,723,767,882 | 125,716,975 |
| Owner’sequity(orshareholders’equity): | |||
| Capitalstock | 685,464,000 | 685,464,000 | |
| Capitalreserve | 524,968,760 | 524,968,760 | |
| Othercomprehensiveincome | 576,129 | 576,129 | |
| Surplusreserve | 342,732,000 | 342,732,000 | |
| Undistributedprofits | 8,714,091,755 | 8,706,548,077 | -7,543,678 |
| Totalowner'sequityattributabletotheholdingcompany | 10,267,832,644 | 10,260,288,966 | -7,543,678 |
| Minorityinterests | 236,597,990 | 236,597,990 | |
| Totalowner'sequity | 10,504,430,634 | 10,496,886,956 | -7,543,678 |
| Totalliabilitiesandowner'sequity | 13,102,481,541 | 13,220,654,838 | 118,173,297 |
TheexplanationofadjustmentsituationNo
Balancesheetofparentcompany
Unit:CNY
| Item | December31st,2020 | January1st,2021 | Adjustment |
| CurrentAssets： | |||
| Monetaryfund | 267,548,326 | 267,548,326 | |
| ReceivablesFinancing | 13,920,000 | 13,920,000 | |
| Accountsprepaid | 171,709 | 171,709 | |
| Otherreceivables | 580,131,798 | 580,131,798 | |
| Dividendsreceivable | 200,000,000 | 200,000,000 | |
| Inventory | 482,442,935 | 482,442,935 | |
| Othercurrentassets | 24,842,325 | 24,842,325 | |
| TotalCurrentAssets | 1,369,057,093 | 1,369,057,093 | |
| Non-currentAssets： | |||
| Long-termequityinvestment | 7,599,778,881 | 7,599,778,881 | |
| Realestateforinvestment | 27,057,730 | 27,057,730 | |
| Fixedassets | 243,634,747 | 243,634,747 | |
| Constructioninprogress | 2,865,243 | 2,865,243 | |
| Biologicalassetsforproduction | 115,103,753 | 115,103,753 | |
| Right-of-useassets | 44,816,966 | 44,816,966 | |
| Intangibleassets | 80,789,730 | 80,789,730 | |
| Deferredtaxassets | 18,285,685 | 19,835,976 | 1,550,291 |
| Othernon-currentassets | 1,530,700,000 | 1,530,700,000 | |
| TotalNon-CurrentAssets | 9,618,215,769 | 9,664,583,026 | 46,367,257 |
| TotalAssets | 10,987,272,862 | 11,033,640,119 | 46,367,257 |
| Currentliabilities： | |||
| Short-termloan | 150,000,000 | 150,000,000 | |
| Accountspayable | 76,470,081 | 76,470,081 | |
| Wagepayable | 67,808,910 | 67,808,910 | |
| Taxpayable | 9,123,959 | 9,123,959 | |
| Otheraccountspayable | 521,505,947 | 521,505,947 | |
| Including:Interestpayable | 181,250 | 181,250 | |
| TotalCurrentLiabilities | 824,908,897 | 824,908,897 | |
| Non-CurrentLiabilities: | |||
| Leaseliability | 51,018,131 | 51,018,131 | |
| Deferredincome | 5,507,708 | 5,507,708 | |
| Othernon-currentliabilities | 1,164,471 | 1,164,471 | |
| Totalnon-currentliabilities | 6,672,179 | 57,690,310 | 51,018,131 |
| Totalliabilities | 831,581,076 | 882,599,207 | 51,018,131 |
| Owner’sequity(orshareholders’equity): | |||
| Capitalstock | 685,464,000 | 685,464,000 | |
| Capitalreserve | 560,182,235 | 560,182,235 | |
| Surplusreserve | 342,732,000 | 342,732,000 | |
| Undistributedprofits | 8,567,313,551 | 8,562,662,677 | -4,650,874 |
| Totalowner'sequity | 10,155,691,786 | 10,151,040,912 | -4,650,874 |
| Totalliabilitiesandowner'sequity | 10,987,272,862 | 11,033,640,119 | 46,367,257 |
TheexplanationofadjustmentsituationNo
2)Explanationonretrospectiveadjustmentsinthepreviouscomparisondataforthefirstimplementationofnewleasestandardsatthebeginningof2021?Available?NotavailableForretrospectiveadjustmentinthepreviouscomparisondata,pleaserefertotheabovesectionof“1)Relevantsituationsofadjustmentinfinancialstatementatthebeginningof2021whenthenewleasestandardsarefirstimplemented”.
3.AuditreportWhetherthefirstquarterreporthasbeenaudited.?Yes?NoThefirstquarterreporthasnotbeenaudited.
YantaiChangyuPioneerWineCo.,Ltd.
BoardofDirectors
April29
th
,2021