2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Yantai Changyu Pioneer Wine Co. Ltd.
2018 the First Quarter Report
2018-Final 02
April 2018
2018 the First 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. Zhou Hongjiang (Chairman of the Company), Mr. Jiang Jianxun (Chief Financial
Officer) and Mr. Jiang Jianxun (Financial Director) assure the truthfulness, accuracy and
completeness of the financial report in the quarter report.
2018 the First 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 V No
The same period of More or less than last
Item The report period
last year year (%)
Business income (CNY) 1,804,057,976.00 1,896,586,469.00 -4.88%
Net profit attributed to the
shareholders of the listed 479,444,238.00 516,634,494.00 -7.20%
company (CNY)
Net profit attributed to the
shareholders of the listed
466,181,564.00 512,684,945.00 -9.07%
company after deducting the
irregular profit and loss (CNY)
Net cash flows from the
507,263,964.00 384,358,508.00 31.98%
operating activities (CNY)
Basic earnings per share
0.70 0.75 -6.67%
(CNY)
Diluted earnings per share
0.70 0.75 -6.67%
(CNY)
Weighted average for earning
5.24% 6.10% -0.86%
rate of the net assets
The end of the More or less than last
The end of last year
report period year (%)
Total assets (CNY) 13,134,043,590.00 12,536,755,208.00 4.76%
Net Assets attributed to the
shareholders of the listed 9,380,239,163.00 8,906,342,299.00 5.32%
company (CNY)
Details of irregular profit and loss
V Yes □ No
Unit：CNY
From beginning of year
Item Explanation
to end of report period
Gain on disposal of non-current assets, including
84,719.00
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, 16,861,473.00
in line with related regulations and have proper
basis of calculation)
Other non-operating income and expenses 525,389.00
Less: Income tax effect 4,252,831.00
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Minority interests effect(after-tax) -43,924.00
Total 13,262,674.00 --
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 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
44,606 Total number of
Total number of common preferred
shareholders at the end of report shareholders with recov
period ered voting power at the
end of report period
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
Domestic non- 50.40% 345,473,856
YANTAI CHANGYU GROUP
state-owned 0 -- 0
COMPANY LIMITED
legal person
Foreign legal 3.08% 21,090,219
GAOLING FUND,L.P. 0 -- 0
person
CHINA SECURITIES FINANCE State-owned 2.28% 15,638,655
0 -- 0
CORP legal person
BBH BOS S/A FIDELITY FD - Foreign legal 2.22% 15,241,826
0 -- 0
CHINA FOCUS FD person
GUOTAI JUNAN Foreign legal 1.00% 6,828,497
SECURITIES(HONGKONG) person 0 -- 0
LIMITED
SHENWAN HONGYUAN Foreign legal 0.96% 6,554,654
SECURITIES(HONGKONG) person 0 -- 0
LIMITED
FIDELITY PURITAN TRUST: Foreign legal 0.89% 6,100,762
FIDELITY SERIES INTRINSIC person 0 -- 0
OPPORTUNITIES FUND
UNION LIFE INSURANCE CO., Domestic non- 0.79% 5,446,039
LTD --- DIVIDEND --- state-owned 0 -- 0
PERSONAL INSURANCE legal person
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
DIVIDEND
CENTRAL HUIJIN ASSET State-owned 0.69% 4,761,200
0 -- 0
MANAGEMENT LTD. legal person
VANGUARD EMERGING Foreign legal 0.55% 3,788,487
MARKETS STOCK INDEX person 0 -- 0
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. 21,090,219 B share 21,090,219
CHINA SECURITIES FINANCE CORP 15,638,655 A share 15,638,655
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,241,826 B share 15,241,826
GUOTAI JUNAN SECURITIES(HONGKONG) B share
6,828,497 6,828,497
LIMITED
SHENWAN HONGYUAN SECURITIES(HONGKONG) B share
6,554,654 6,554,654
LIMITED
FIDELITY PURITAN TRUST: FIDELITY SERIES B share
6,100,762 6,100,762
INTRINSIC OPPORTUNITIES FUND
UNION LIFE INSURANCE CO., LTD --- DIVIDEND -- A share
5,446,039 5,446,039
-PERSONAL INSURANCE DIVIDEND
CENTRAL HUIJIN ASSET MANAGEMENT LTD. 4,761,200 A share 4,761,200
VANGUARD EMERGING MARKETS STOCK B share
3,788,487 3,788,487
INDEX 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 are 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.
2) The total number of the preferred shareholders and top 10 preferred shareholders at the end of
the report period
□Available V Not available
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
III Major Issue
1. Great changes and reasons on main accountant data and financial index
√Available □Not available
Compared the end of the report period with the beginning of the report period: notes receivable
increases by 109.5%, mainly due to the growth on bank acceptances; advance payment increases by
93.91%, mainly due to the growth of advances payment for raw material procurement; interest
receivable increases by 294.4%, mainly due to the growth of bank term deposits; constructions in
progress increases by 12.41%, mainly due to the increase in cumulative investment in technological
transformation projects; goodwill increases by 28.02%, mainly due to the Company’s acquisition of
goodwill generated by Kilikanoon Estate Pty Ltd in Australia; deposits received increases by
35.28%, mainly due to growth of advances from customers; non-current liabilities due within one
year increased by 20.11%, mainly due to the transfer of long-term accounts payable.
Compared the same period with last year: operating revenue decreases by 4.88%, although cash
received related to sell products and supply labor service in the report period increases by 6.84%, it
is affected by those factors including the adjustment of Company’s marketing system, payment and
settlement methods of partial marketing expenses, commissioning of new product lines being not
completed, as well as product optimization. Meanwhile the Company takes actions in improving
purchase mode of partial products, strengthening order drive and small order for distributors etc.
that makes slight reduction in sales revenue confirmed by accounting standard; sales expense
decreases by 4.17%, mainly owing to decrease in advertising expense; administrative expense
increases by 19.8% mainly owing to increase in depreciation and intangible assets amortization;
financial expense decreases by 19.17% mainly owing that, with the use of partial bank loan into
investment project construction, corresponding loan interest is included into the cost of fixed assets;
net profit attributable to parent company decreases by 7.2% mainly owing to decrease in income;
Other cash paid related to operating activities increases by 27.27% mainly owing to payment of
marketing expense exemplified as advertising expense.
The judgment of Company is that with the reformation of organizational structure, marketing
policies and marketing system are gradually adjusted into position; the construction of marketing
team and incentive measures are further perfected; product structure is constantly optimized; new
product lines are ready to complete commissioning, the Company will enter new step of steady
development in the future and promote the growth of operating performance.
2. Analysis explanation of the major issue’s process, its influence and the solution
□Available V Not available
2018 the First 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 report period
√available □not available
Commitment Commitment Commitment Commitment Commitment
Commitments Implementation
Party Type content time period
Commitments at
- －
share 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 License
Contract\", the
Company will
pay trademark
Commitments at
royalty for the
the initial public
\"Changyu\"produ
offering or Yantai
cts of Yantai
refinancing Changyu
Changyu Group Has been
Group Co., 1997.05.18 Permanent
Co., Ltd every performing
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
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Commitment
under timely
Yes
implementation
or not
For commitments that exceed the time limit and are not completed, specific reasons of not No
completing the implementation and the next step
4. Forecast on the operating performance in the period from January to June of 2018
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 are 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.
2018 the First 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
ITEM At 31 March 2018 At 31 December 2017
Current assets：
Monetary fund 1,700,742,920.00 1,402,522,509.00
Financial assets which are measured by fair value
and which changes are recorded in current profit
and loss
Derivative financial liability
Notes receivable 512,840,891.00 244,796,818.00
Account receivable 271,084,429.00 263,796,355.00
Advance money 4,688,679.00 2,417,931.00
Interest receivable 841,947.00 240,968.00
Dividend receivable
Other account receivable 19,111,859.00 18,737,454.00
Inventories 2,366,202,029.00 2,473,614,046.00
Assets held for sale 2,000,197.00 2,000,197.00
Non-current assets due within one year
Other current assets 244,746,112.00 230,822,759.00
Total current assets 5,122,259,063.00 4,638,949,037.00
Non-current assets：
Financial assets for sale 469,028.00 467,251.00
Investment held to expiration
Long-term account receivable
Long-term equity investment
Real estate for investment 18,405,315.00 18,467,989.00
Fixed assets 5,343,497,810.00 5,329,083,969.00
Construction in progress 1,153,468,887.00 1,026,141,569.00
Project material
Liquidation of fixed assets
Biological assets for production 203,462,752.00 201,929,888.00
Oil and gas assets
Intangible assets 641,923,417.00 655,448,897.00
Development expenditure
Goodwill 164,039,160.00 128,135,981.00
Long-term deferred expenses 228,713,906.00 230,009,231.00
Assets of deferred income tax 257,804,252.00 308,121,396.00
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Other non-current assets
Total non-current assets 8,011,784,527.00 7,897,806,171.00
Total assets 13,134,043,590.00 12,536,755,208.00
Current liabilities:
Short-term loan 753,662,515.00 714,434,286.00
Financial liabilities which are measured by fair
value and which changes are recorded in current
profit and loss
Derivative financial liability
Notes payable
Accounts payable 719,277,810.00 666,442,879.00
Advance money 474,678,260.00 350,894,156.00
Wage payable 162,876,153.00 210,824,234.00
Tax payable 52,527,451.00 145,094,156.00
Interest payable 771,250.00 771,250.00
Dividend payable
Other accounts payable 618,535,523.00 602,964,319.00
Liabilities held for sale
Non-current liabilities due within one year 133,264,742.00 110,954,827.00
Other current liabilities 15,931,213.00 16,878,199.00
Total current liabilities 2,931,524,917.00 2,819,258,306.00
Non-current liabilities：
Long-term loan 172,360,586.00 156,125,854.00
Bond payable
Including: Preferred stock
Perpetual capital securities
Long-term accounts payable 237,000,000.00 259,000,000.00
Long-term wages payable
Special accounts payable
Deferred income 89,523,491.00 92,918,855.00
Liabilities of deferred income tax 29,217,428.00 24,264,203.00
Other non-current liabilities 7,209,312.00 7,209,312.00
Total non-current liabilities 535,310,817.00 539,518,224.00
Total liabilities 3,466,835,734.00 3,358,776,530.00
Shareholder rights and interests：
Share capital 685,464,000.00 685,464,000.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 565,955,441.00 565,955,441.00
Less: Inventory shares
Other comprehensive Income -2,438,134.00 3,109,240.00
Reasonable reserve
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Surplus reserve 342,732,000.00 342,732,000.00
Provision of general risk
Retained profit 7,788,525,856.00 7,309,081,618.00
Total owner’s equity attributable to parent Company 9,380,239,163.00 8,906,342,299.00
Minority interests 286,968,693.00 271,636,379.00
Total owner's equity 9,667,207,856.00 9,177,978,678.00
Total liabilities and owner's equity 13,134,043,590.00 12,536,755,208.00
Legal representative: Zhou Hongjiang; Person in charge of accounting : Jiang Jianxun; Person in charge of accounting organ: Jiang
Jianxun
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2) Balance sheet of parent company
Unit: CNY
Item At 31 March 2018 At 31 December 2017
Current assets：
Monetary fund 619,587,197.00 559,174,466.00
Financial assets which are measured by fair value
and which changes are recorded in current profit
and loss
Derivative financial liability
Notes receivable 91,173,459.00 41,645,203.00
Account receivable 7,399,313.00 7,805,333.00
Advance money 883,556.00 99,673.00
Interest receivable 97,500.00 76,646.00
Dividend receivable 287,495,922.00 407,495,922.00
Other account receivable 524,727,297.00 592,274,075.00
Inventories 335,580,040.00 348,042,053.00
Assets held for sale 2,000,197.00 2,000,197.00
Non-current assets due within one year
Other current assets 26,310,801.00 29,706,058.00
Total current assets 1,895,255,282.00 1,988,319,626.00
Non-current assets：
Financial assets for sale
Investment held to expiration
Long-term account receivable
Long-term equity investment 4,617,128,387.00 4,511,202,204.00
Real estate for investment 18,405,315.00 18,467,989.00
fixed assets 283,857,300.00 288,150,901.00
Construction in progress 6,081,862.00 6,756,349.00
Project material
Liquidation of fixed assets
Biological assets for production 122,400,380.00 119,572,539.00
Oil and gas assets
Intangible assets 69,028,431.00 69,623,219.00
Development expenditure
Goodwill
Long-term deferred expenses
Assets of deferred income tax 25,632,635.00 28,787,907.00
Other non-current assets 3,721,606,444.00 3,718,674,166.00
Total non-current assets 8,864,140,754.00 8,761,235,274.00
Total assets 10,759,396,036.00 10,749,554,900.00
Current liabilities:
Short-term loan 600,000,000.00 600,000,000.00
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
Financial liabilities which are measured by fair
value and which changes are recorded in current
profit and loss
Derivative financial liability
Notes payable
Accounts payable 109,191,325.00 97,833,124.00
Advance money 6,000,000.00 6,000,000.00
Wage payable 59,738,430.00 70,108,076.00
Tax payable 6,404,562.00 14,569,690.00
Interest payable 652,500.00 652,500.00
Dividend payable
Other accounts payable 543,246,768.00 544,713,172.00
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities 3,523,054.00 3,953,054.00
Total current liabilities 1,328,756,639.00 1,337,829,616.00
Non-current liabilities：
Long-term loan -
Bond payable
Including: Preferred stock
Perpetual capital securities
Long-term accounts payable
Long-term wages payable
Special accounts payable
Deferred income 12,341,059.00 12,970,473.00
Liabilities of deferred income tax
Other non-current liabilities 2,235,802.00 2,235,802.00
Total non-current liabilities 14,576,861.00 15,206,275.00
Total liabilities 1,343,333,500.00 1,353,035,891.00
Shareholder rights and interests：
Share capital 685,464,000.00 685,464,000.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 557,222,454.00 557,222,454.00
Less: Inventory shares
Other comprehensive Income
Reasonable reserve
Surplus reserve 342,732,000.00 342,732,000.00
Retained profit 7,830,644,082.00 7,811,100,555.00
Total owner's equity 9,416,062,536.00 9,396,519,009.00
Total liabilities and owner's equity 10,759,396,036.00 10,749,554,900.00
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3) Consolidated profit statement
Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2018 March 2017
I. Total Operating Revenue 1,804,057,976.00 1,896,586,469.00
Incl: Operating Revenue 1,804,057,976.00 1,896,586,469.00
II. Total Operating Cost 1,184,474,700.00 1,211,081,443.00
Incl:Operating Cost 625,431,208.00 636,501,146.00
Tax and levies on operations 101,766,053.00 110,070,692.00
Selling expenses 374,283,098.00 390,557,653.00
Administrative expenses 81,613,467.00 68,123,359.00
Finance expenses 4,711,493.00 5,828,593.00
Impairment losses of Assets -3,330,619.00
Add：Gains on increase in fair value of assets - -
Investment income - -
Incl. Investment income from affiliates - -
Gains on assets disposal 84,719.00 -21,933.00
Other income 16,861,473.00
III.Operating profit 636,529,468.00 685,483,093.00
Add：Non-operating income 936,426.00 5,019,039.00
Including: Disposal earnings of non-current asset
Less：Non-operating expenses 411,037.00 47,086.00
Incl. Losses from disposal of non-current assets
IV.Total Profit before Taxation 637,054,857.00 690,455,046.00
Less：Income tax 158,539,458.00 174,172,291.00
V.Net profit after Taxation 478,515,399.00 516,282,755.00
(I) Going concern net profit 478,515,399.00 516,282,755.00
(II) Discontinued operation net profit
Net profit attributable to Parent company 479,444,238.00 516,634,494.00
Minority interest income -928,839.00 -351,739.00
VI. Net after-tax of other comprehensive income -6,819,043.00 1,623,907.00
Net after-tax of other comprehensive income
-5,547,374.00 1,372,041.00
attributable to owners of parent company
(I) Other comprehensive income items which will
- -
not be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
- -
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which
- -
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which
-5,547,374.00 1,372,041.00
will be reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
investee accounted for using equity method which - -
will be reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair
- -
value of available-for-sale financial assets
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale - -
financial assets
4. The effect hedging portion of gains or losses
- -
arising from cash flow hedging instruments
5. Translation differences arising on translation of
-5,547,374.00 1,372,041.00
foreign currency financial statements
6. Other - -
Net after-tax of other comprehensive income
-1,271,669.00 251,866.00
attributable to minority shareholders
VII. Total comprehensive income 471,696,356.00 517,906,662.00
Total comprehensive income attributable to
473,896,864.00 518,006,535.00
owners of parent Company
Total comprehensive income attributable to
-2,200,508.00 -99,873.00
minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.70 0.75
(II) Diluted earnings per share 0.70 0.75
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:
Jiang Jianxun
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
4) Profit statement of parent company
Unit: CNY
Three months ended 31 Three months ended 31
Item
March 2018 March 2017
I. Sales Revenue 262,548,732.00 698,458,930.00
less：Cost of sales 223,847,815.00 611,883,847.00
Tax and levies on operations 14,257,566.00 45,787,579.00
Selling and distribution expenses
Administrative expenses 20,509,904.00 20,418,872.00
Finance expenses 5,548,315.00 4,922,061.00
Impairment losses of Assets
Add：Gains on increase in fair value of assets
Investment income 20,000,000.00 24,861,144.00
Incl. Investment income from affiliates
Gains on assets disposal 75,000.00 -11,641.00
Other income 1,059,414.00
II. Operating profit 19,519,546.00 40,296,074.00
Add：Non-operating income 47,479.00 466,924.00
Including: Disposal earnings of non-current asset
Less：Non-operating expenses 19,985.00
Incl. Losses from disposal of non-current assets
III. Total Profit before Taxation 19,567,025.00 40,743,013.00
Less：Income tax 23,498.00 3,970,467.00
IV.Net profit after Taxation 19,543,527.00 36,772,546.00
(I) Going concern net profit
(II) Discontinued operation net profit
V. Net after-tax of other comprehensive income -
Net after-tax of other comprehensive income
-
attributable to owners of parent company
(I) Other comprehensive income items which will
-
not be reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net
-
defined benefit plan liability or asset
2. Share of the other comprehensive income of the
investee accounted for using equity method which
-
will not be reclassified subsequently to profit and
loss
(II) Other comprehensive income items which will
-
be reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the
investee accounted for using equity method which -
will be reclassified subsequently to profit or loss
2. Gains or losses arising from changes in fair value
-
of available-for-sale financial assets
3. Gains or losses arising from reclassification of -
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
held-to-maturity investment as available-for-sale
financial assets
4. The effect hedging portion of gains or losses
-
arising from cash flow hedging instruments
5. Translation differences arising on translation of
-
foreign currency financial statements
6. Other -
VI. Total comprehensive income 19,543,527.00 36,772,546.00
VII. Earnings per share:
(I) Basic earnings per share 0.03 0.05
(II) Diluted earnings per share 0.03 0.05
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
5) Consolidated cash flow statement
Unit: CNY
Three months ended 31 Three months ended
Item
March 2018 31 March 2017
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 1,766,530,391.00 1,653,469,554.00
Tax refund received 6,890,085.00
Other cash received related to operating activities 18,289,974.00 35,857,955.00
Subtotal of cash flows of operating activities 1,791,710,450.00 1,689,327,509.00
Cash paid for goods and services 418,799,244.00 424,736,589.00
Cash paid to and on behalf of employees 152,403,775.00 137,940,254.00
Cash paid for various taxes 486,679,596.00 564,277,054.00
Other cash paid related to operating activities 226,563,871.00 178,015,104.00
Sub-total of cash outflows of operating activities 1,284,446,486.00 1,304,969,001.00
Net cash flow from operating activities 507,263,964.00 384,358,508.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 3,000,000.00
Cash received from obtaining investment profit 35,723.00 25,550.00
Net cash received from disposal of fixed assets, intangible
261,737.00 30,300.00
assets and other long-term assets
Net cash received from disposal of branch and other business
unit
Other cash received related to investing activities
Subtotal of cash flows of investment activities 297,460.00 3,055,850.00
Cash paid to acquire fixed assets, intangible assets and other
110,862,244.00 142,789,698.00
long-term assets
Fixed deposit with the term of over 3 months 300,000,000.00 5,000,000.00
Cash for investment
Net cash paid to acquire branch and other business unit 104,566,419.00
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 515,428,663.00 147,789,698.00
Net cash flow from investing activites -515,131,203.00 -144,733,848.00
3.Cash flow from financing activites
Cash received from acquiring investment
Including: cash received from acquiring minority
shareholders investment by branch
Cash received from acquiring loans 96,644,015.00 51,803,310.00
Other cash received related to finaning activities
Subtotal cash flows of financing activities 96,644,015.00 51,803,310.00
Cash paid to pay debts 79,119,513.00 18,643,560.00
Cash paid to distribute dividend, profit or pay interest 8,294,731.00 6,949,153.00
Including: dividend and profit paid to minority shareholders
by branch
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 87,414,244.00 25,592,713.00
Net cash flow from financing activites 9,229,771.00 26,210,597.00
4. Influences of exchange rate fluctuation on cash and cash
-571,409.00 197,614.00
equivalents
5. Net Increase in cash and cash equivalents 791,123.00 266,032,871.00
Add: balance at the beginning of the period of cash and cash
1,180,889,274.00 1,256,942,304.00
equivalents
6.Balance at the end of the period of cash and cash equivalents 1,181,680,397.00 1,522,975,175.00
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
6) Cash flow statement of parent company
Unit: CNY
Three months ended 31 Three months ended
Item
March 2018 31 March 2017
1. Cash flows from operating activities:
Cash received from sales of goods and rending of services 156,753,252.00 422,763,453.00
Tax refund received
Other cash received related to operating activities 42,356,221.00 198,360,050.00
Subtotal of cash flows of operating activities 199,109,473.00 621,123,503.00
Cash paid for goods and services 83,858,780.00 163,847,294.00
Cash paid to and on behalf of employees 35,076,108.00 33,712,684.00
Cash paid for various taxes 27,242,412.00 145,925,056.00
Other cash paid related to operating activities 13,004,908.00 17,540,294.00
Sub-total of cash outflows of operating activities 159,182,208.00 361,025,328.00
Net cash flow from operating activities 39,927,265.00 260,098,175.00
2. Cash flow from investing activities:
Cash received from return of investment
Fixed deposit with the term of over 3 months 3,000,000.00
Cash received from obtaining investment profit 140,035,723.00 92,701,945.00
Net cash received from disposal of fixed assets, intangible
538,055.00
assets and other long-term assets
Net cash received from disposal of branch and other business
unit
Other cash received related to investing activities
Subtotal of cash flows of investment activities 140,573,778.00 95,701,945.00
Cash paid to acquire fixed assets, intangible assets and other
8,617,593.00 1,875,090.00
long-term assets
Fixed deposit with the term of over 3 months 300,000,000.00 5,000,000.00
Cash for investment 105,926,184.00 55,192,710.00
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities 414,543,777.00 62,067,800.00
Net cash flow from investing activites -273,969,999.00 33,634,145.00
3.Cash flow from financing activites
Cash received from acquiring investment
Including: cash received from acquiring minority
shareholders investment by branch
Cash received from acquiring loans
Other cash received related to finaning activities
Subtotal cash flows of financing activities
Cash paid to pay debts
Cash paid to distribute dividend, profit or pay interest 5,872,500.00 5,055,403.00
Other cash paid related to financing activities
Subtotal of cash outflows of financing activities 5,872,500.00 5,055,403.00
Net cash flow from financing activites -5,872,500.00 -5,055,403.00
4. Influences of exchange rate fluctuation on cash and cash
equivalents
5. Net Increase in cash and cash equivalents -239,915,234.00 288,676,917.00
Add: balance at the beginning of the period of cash and cash
493,568,866.00 238,003,198.00
equivalents
6.Balance at the end of the period of cash and cash equivalents 253,653,632.00 526,680,115.00
2018 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
2. Audit report
Whether the 1st quarter report has been audited.
□Yes √No
The first quarter report has not been audited.
Yantai Changyu Pioneer Wine Co., Ltd.
Board of Directors
27th April 2018
