2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co., Ltd.
Yantai Changyu Pioneer Wine Co., Ltd.
2019 the Third Quarter Report
Final 2019-04
October 2019
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co., Ltd.I. Important Notice
The board of directors, the board of supervisors, directors, supervisors and senior executivesof the Company guarantee the truthfulness, accuracy and completeness of the contentscontained in the third quarter report with no false records, misleading statements orsignificant omissions, and undertake individual and joint legal liabilities.
All directors attended the meeting for deliberating this quarter report.
Mr. Zhou Hongjiang (Person in charge of the Company), Mr. Jiang Jianxun (Person incharge of accounting work) and Mrs. Guo Cuimei (Person in charge of accounting organ &Accountant in charge) assure the truthfulness, accuracy and completeness of the financialstatements in the third quarter report.
2019 the Third 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 previousfiscal years.
□Yes √ No
| The end of this report period | The end of last year | More or less than last year (%) | |
| Total assets (CNY) | 13,191,032,907.00 | 13,117,729,052.00 | 0.56% |
| Net Assets attributed to the |
shareholders of the listed
9,900,902,802.00
| company (CNY) |
9,606,099,365.00
3.07%
This report period
More or less than
last year (%)
beginning of theyear to the
| end of this report period | More or |
less thanlast year
| (%) | ||||
| Operating income (CNY) | 968,100,175.00 | -6.22% | 3,526,374,960.00 | -8.66% |
| Net profit attributed to the |
shareholders of the listed
125,557,834.00
| company (CNY) |
-6.24%
728,961,623.00
-5.30%
| Net profit attributed to the |
shareholders of the listedcompany after deducting theirregular profit and loss
119,702,422.00
| (CNY) |
8.31%
672,193,117.00
-6.28%
| Net cash flow from operating activities (CNY) |
-- -- 645,331,713.00
-16.93%
| Basic earnings per share (CNY) |
0.18
-5.26%
1.06
-5.36%
| Diluted earnings per share (CNY) |
0.18
-5.26%
1.06
-5.36%
| Weighted average for earning rate of the net assets |
1.31%
-0.12%
7.38%
-0.97%
Details of irregular profit and loss
√Available □Not available
Unit：CNYItem
beginning of the year to
| the end of report period |
Explanation
-166,664.00
| Gain on disposal of non-current assets, including the reversal of accrued impairment provision |
69,007,365.00
| Government grants credited in profit and loss (except for those recurring government grants that are closely related to the entity's operation, in line with related regulations and have proper |
| basis of calculation) |
| In addition to the effective hedging business |
related to the Company’s normal business, theprofit and loss from changes in fair value arisingfrom the holding of transactional
derivative financial assets,
| transactional financial |
liabilities and derivative financial liabilities, andthe investment income from disposal oftransactional
assets, transactional financial liabilities,derivative financial liabilities and other debt
| investments |
830,841.00
| Other non-operating income and expenses | 5,352,597.00 | |
| Less: Income tax effect | 18,196,023.00 | |
| Minority interests effect(after-tax) | 59,610.00 | |
| Total | 56,768,506.00 | -- |
The reasons shall be made clear and definitely as to the irregular profit and loss that the Company hasdefined 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 asspecified in the Explanatory Announcement on Public Company’s Information Disclosure No.1 -Irregular Profit and Loss.
□Available √Not available
There is no situation regarding the non-recurring profit and loss as defined and specified in theExplanatory Announcement on Public Company’s Information Disclosure No.1 - Non-recurringProfit and Loss as recurrent profit and loss.
2. The total number of shareholders and the shareholding of top 10 shareholders at the end
of the report period
1) The total number of common shareholders and the total number of preferred shareholders with
recovered voting power as well as the shareholding of top 10 shareholders
Unit: shareTotal number of commonshareholders at the end of reportperiod
| 42639 | Total number of preferred |
shareholders with recovered voting power at the end o
| f report period (if have) | 0 | |
| The top 10 common shareholders | ||
Name of Shareholders
Character ofshareholders
Shareholdin
g ratio
(%)
Number of
holding
shares
ofrestricte
d
| shares | Pledged or frozen | |
| Share | ||
status
Num
berYANTAI CHANGYU GROUPCO. LTD.
| Domestic non- |
state-owned
50.40%
| legal person |
345,473,856
--
GAOLING FUND,L.P.
3.08%
| Foreign legal person |
21,090,219
--
| CHINA SECURITIES FINANCE CORP | State-owned |
legal person
2.25%
15,440,794
--
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign legal person |
2.22%
15,241,826
--
| SHENWAN HONGYUAN |
SECURITIES(HONG KONG)
Foreign legalperson
1.27%
| LIMITED |
8,732,233
--
| FIDELITY PURITAN TRUST: |
FIDELITY SERIES INTR
Foreign legalperson
0.93%
| INSIC OPPORTUNITIES FUND |
6,350,762
--
| GUOTAI JUNAN |
SECURITIES(HONGKONG)
Foreign legalperson
0.76%
| LIMITED |
5,207,553
--
| CENTRAL HUIJIN ASSET MANAGEMENT LTD. | State-owned legal person |
0.69%
4,761,200
--
| VANGUARD EMERGING |
MARKETS STOCK INDEX
Foreign legalperson
0.55%
| FUND |
3,788,487
--
| FIDELITY CHINA SPECIAL SITUATIONS PLC | Foreign legal person |
0.55%
3,779,202
| The shareholding of top 10 shareholders with unrestricted shares | ||||
| Name of Shareholders | ||||
unrestricted
| shares held |
| Type of share | |
| Type of share | Number |
| YANTAI CHANGYU GROUP CO. LTD. | 345,473,856 | A share | 345,473,856 |
| GAOLING FUND,L.P. | 21,090,219 | B share | 21,090,219 |
| CHINA SECURITIES FINANCE CORP | 15,440,794 | A share | 15,440,794 |
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | 15,241,826 | B share | 15,241,826 |
| SHENWAN HONGYUAN SECURITIES(HONG KONG) LIMITED |
8,732,233
B share 8,732,233
| FIDELITY PURITAN TRUST: FIDELITY SERIES INTRINSIC OPPORTUNITIES FUND |
6,350,762
B share 6,350,762
| GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED |
5,207,553
B share 5,207,553
| CENTRAL HUIJIN ASSET MANAGEMENT LTD. | 4,761,200 | A share | 4,761,200 |
| VANGUARD EMERGING MARKETS STOCK INDEX FUND |
3,788,487
B share 3,788,487
| FIDELITY CHINA SPECIAL SITUATIONS PLC | 3,779,202 | B share | 3,779,202 |
The explanation for the associatedrelationship and accordant actionof the top 10 shareholders
Company Limited has no associated relationship or accordantaction relationship with the other 9 listed shareholders, and the
| relationship among the other shareholders is unknown. | |
| Explanation for the top 10 |
shareholders who involved infinancing activities and stocktrading business(if any)
No
Whether or not the Company’s top 10 common shareholders and top 10 common shareholders withunrestricted shares conduct agreed buy-back transaction during the report period
□ Yes √ No
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.There are no top 10 common shareholders or top 10 common shareholders with unrestricted sharesin the Company conduct agreed buy-back transaction during the report period.
2) The total number of preferred shareholders and the shareholding of top 10 preferred
shareholders
□Available √Not available
III Major Issue
1. Situation and reasons on changes in main financial data and financial index during the
report period
√Available □Not available
Compared the end of the report period with the beginning of the year, Notes Receivable decreasesby 100%, mainly due to adjustment to Receivables Financing resulting from change in accountingpolicy; Accounts Receivable decreases by 18.12%, mainly due to the reduce in credit sale resultingfrom the reduce in the direct supply business of sales business; Interest Receivable increases by
107.65%, mainly due to the received one-off interest resulting from the expiration of fixed deposit;
Accounts Payable decreases by 20.34%, mainly owing to the payment of previous debt; AdvancesFrom Customers decreases by 29.42%, mainly owing to the reduce in accumulated Advances FromCustomers resulting from the improvement in the Company’s production efficiency and theshortening of supply period after receiving the payment; Interest Payable increases by 389.91%,mainly owing that the Company’s overseas enterprise need to pay the expired loan interest all atonce; Deferred Tax Liabilities decreases by 25.15%, mainly owing to the amortization of assetsappraisal appreciation resulting from the business combination not under common control.Compared the first three quarters in 2019 with the same period in last year, Financial Expenses andInterest Expenses respectively decreases by 29.91% and 29.42%, mainly owing to obtainment offorestry loan with discounted interest this year; Non-operating Income increases by 30.57%, mainlyowing to the increased waste income including offcut sales etc.Compared the third quarter in 2019 with the same period in last year, Financial Expenses decreasesby 26.68%, mainly owing to the increase in Interest Income; Interest Income increases by 187.05%,mainly owing to the increase in fixed deposit and call deposit; Other Income decreases by 83.38%,mainly owing to the year-on-year decrease in received government grants; Loss for Impairment ofAssets increases by 739.26%, mainly owing to the loss on inventory valuation.
2. Analysis explanation of the major issue’s progress as well as its influence and solution
□Available √Not available
Implementation progress of share repurchases
□Available √Not available
Implementation progress of reducing repurchased shares by the way of centralized competitivebidding
□Available √Not available
3. The commitments that the Company’s actual controllers, shareholders, related parties,
purchasers, the Company and other related parties do not implement completely exceedingthe time limit within the report period
√Available □Not available
Commitments
| Commitment Party | Commitment Type | Commitment content | Commitment time | Commitment period |
Implementation
shareholding
| reform |
-
－
| Commitments |
made inacquisitionreport or equity
-
| changes report |
- - -
asset
| restructuring |
-
- - -
Commitments atthe initial publicoffering orrefinancing
| Yantai |
ChangyuGroup Co.,Ltd.
| Solve |
horizontalcompetition
Non-horizontalcompetition
1997.05.18 Permanent
Has beenperforming
YantaiChangyuGroup Co.,Ltd.
purpose ofbrand royalty According to
TrademarkLicenseContract, the
trademark use feeannually paid bythis company to
Yantai ChangyuGroup Co., Ltd.will be mainly
used by YantaiChangyu GroupCo., Ltd. topublicizetrademarksincludingChagnyu andcontractualproducts.
1997.05.18 Permanent
| Clear the | According to |
TrademarkLicense Contract,the trademark usefee annuallycharged by Yantai
Changyu GroupCo., Ltd. shall bemainly used topublicizetrademarksincludingChagnyu andcontractualproducts. Except2013 to 2017during which thecommitment wasnot strictly
| performed, Yantai |
Changyu GroupCo., Ltd. has been
performing the
| commitment. | ||||||
| Equity incentive |
| commitments |
| Commitments |
made to theminorityshareholders of
-
| the Company |
- - -
under timelyimplementation
| or not |
No
Detailedexplanation for
unimplementedcommitment aswell as next workplan ifcommitment isnot completed inthe commitmentperiod
| specific reasons of | According to the Trademark License Contract (hereafter referred to as “the Contract”), Changyu |
Group promises that the trademark use fee annually paid by this Company to Changyu Group
mainly used by Changyu Group to publicize trademarks and contractual products. But above-mentioned ‘mainly’ is not a specific number, which is easy to cause divergence due to different
understanding and leads to problem appearance during the implementation process.From 2013 to 2017, Changyu Group collected the total trademark use fee of
which 51% should be used to publicize trademarks including Changyu and contract products with
| the amount of CNY214,650,790. The amount has been used to publicize trademarks including Changyu |
and contract products is CNY50,025,181, with a balance of CNY164,6
collected trademark use fee for 2017 and 2018 is CNY155,623,907, of which 51% should be
| used to |
publicize trademarks including Changyu and contract products with the
The amount has been used to publici
| ze trademarks including Changyu and contract products is |
CNY12,225,187, with a balance of CNY67,143,006.From 2013 to December 31
st, 2018, the accumulated balance that should be used by
to publicize trademarks including Changyu and contract products is CNY231,768,615.Changyu Group promises that the four-
| year trademark use fee from 2019 to 2022 will be used for offset. If insufficient, the shortfall would be filled in one time in 2023. If there is any excess, the |
excess portion of the trademark use fee would be collected from the year with excess occurrence.If Changyu Group is not able to implement above-mentioned commitme
this Company will timely supervise and urge Changyu Group to fulfill its commitment and requ
| est Changyu Group to raise funds through bank loaning, assets sales and equity sales etc in order to |
implement the commitment.For other details, please refer to
th
| , 2019. |
4. The situation of security investment
□Available √ Not available
There is no security investment during the report period.
5. Entrusted financial management
□Available √ Not available
There is no entrusted financial management during the report period.
6. The situation of derivative investment
□Available √ Not available
There is no derivative investment during the report period.
7. The activity registration form of receptions, communication and interview etc. during the
report period
√ Available □Not available
Reception Time Reception mode
Type of receptionobject
investigation and survey2019.09.06 Other Individual
| Basic information index of |
| Investor Relations Activity |
Registration Form on
September 6
th, 2019 disclosed
8. The situation of illegal external guarantee
□Available √ 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 √ Not available
There is no non-operating fund occupation of controlling shareholders and related parties during thereport period.
2019 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. Unit: CNY
| Item | September 30th, 2019 | December 31st, 2018 |
Current Assets
| ： |
Monetary fund 1,485,486,851.00 1,475,700,477.00petty cash
| Lending funds |
Transactional financial assetsFinancial assets measured by fair value withchanges recorded into current profits and losses
Derivative financial assetsNotes receivable 288,667,988.00Accounts receivable 198,265,958.00 242,153,083.00Receivables Financing 213,036,791.00Accounts prepaid 4,252,695.00 4,219,949.00Premiums receivableReinsurance accounts receivableReceivable reserves for reinsurance contractOther receivables 21,630,327.00 22,636,086.00Including: Interest receivable 2,767,325.00 1,332,681.00Dividends receivableBuying back the sale of financial assetsInventory 2,907,547,242.00 2,724,591,457.00Contract assetsAssets classified as holding for saleNon-current assets expire in one yearOther current assets 265,584,006.00 258,676,396.00Total Current Assets5,095,803,870.00 5,016,645,436.00Non-current Assets
Offering loans and imprestDebt investmentFinancial assets for sale 467,251.00Other debt investmentHeld-to-maturity investmentLong-term account receivable
| Long-term equity investment | 43,776,540.00 | |
| Investment in other equity instrument | ||
| Other non-current financial assets | 511,751.00 | |
| Real estate for investment | 30,177,815.00 | 31,572,489.00 |
| Fixed assets | 5,612,020,771.00 | 5,749,731,667.00 |
| Construction in progress | 867,068,782.00 | 759,296,591.00 |
| Biological assets for production | 203,908,753.00 | 209,266,373.00 |
| Oil and gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 650,906,119.00 | 655,473,459.00 |
| Development expenditure | ||
| Goodwill | 149,437,671.00 | 165,199,111.00 |
| Long-term deferred expenses | 273,228,605.00 | 244,640,416.00 |
| Deferred tax assets | 264,192,230.00 | 285,436,259.00 |
| Other non-current assets | ||
| Total Non-Current Assets | 8,095,229,037.00 | 8,101,083,616.00 |
| Total Assets | 13,191,032,907.00 | 13,117,729,052.00 |
| Current liabilities： | ||
| Short-term loan | 687,652,403.00 | 688,002,410.00 |
| Borrowings from the Central Bank | ||
| Borrowing funds | ||
| Transactional financial liability | ||
| Financial liabilities measured by fair value |
with changes recorded into current profits and
| losses | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 568,467,737.00 | 713,572,881.00 |
| Advances from customers | 159,561,019.00 | 226,075,244.00 |
| Sales/buyback financial assets | ||
| Customer and interbank deposits | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Wage payable | 174,007,285.00 | 212,304,217.00 |
| Tax payable | 193,650,463.00 | 128,912,790.00 |
| Other accounts payable | 606,326,760.00 | 608,479,890.00 |
| Including: Interest payable | 3,492,202.00 | 712,826.00 |
| Dividend payable | 1,323,735.00 | |
| Payable handling fees and commission | ||
| Dividend payable for reinsurance | ||
| Contract liabilities | ||
| Liabilities classified as holding for sale | ||
| Non-current liabilities expire in one year | 170,422,720.00 | 152,940,788.00 |
| Other current liabilities | 14,753,257.00 | 15,860,254.00 |
| Total Current Liabilities | 2,574,841,644.00 | 2,746,148,474.00 |
| Non-Current Liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 158,900,681.00 | 156,480,662.00 |
| Bonds payable | ||
| Preferred Stock | ||
| Perpetual capital securities | ||
| Lease liability | ||
| Long-term accounts payable | 201,000,000.00 | 225,000,000.00 |
| Long-term accrued payroll | ||
| Estimated liabilities | ||
| Deferred income | 60,247,288.00 | 70,367,039.00 |
| Deferred tax liabilities | 16,475,961.00 | 22,010,647.00 |
| Other non-current liabilities | 7,159,222.00 | 7,234,853.00 |
| Total non-current liabilities | 443,783,152.00 | 481,093,201.00 |
| Total liabilities | 3,018,624,796.00 | 3,227,241,675.00 |
| Owner’s equity (or shareholders’ equity): | ||
| Capital stock | 685,464,000.00 | 685,464,000.00 |
| Other equity instruments | ||
| Preferred Stock | ||
| Perpetual capital securities | ||
| Capital reserve | 566,209,403.00 | 565,955,441.00 |
| Minus: treasury stock | ||
| Other comprehensive income | -16,889,429.00 | 2,965,377.00 |
| Special reserves | ||
| Surplus reserve | 342,732,000.00 | 342,732,000.00 |
| General risk preparation | ||
| Undistributed profits | 8,323,386,828.00 | 8,008,982,547.00 |
| Total owner's equity attributable to the holding company |
9,900,902,802.00 9,606,099,365.00
| Minority interests | 271,505,309.00 | 284,388,012.00 |
| Total owner's equity | 10,172,408,111.00 | 9,890,487,377.00 |
| Total liabilities and owner's equity | 13,191,032,907.00 | 13,117,729,052.00 |
Legal representative: Zhou Hongjiang; Person in charge of accounting : Jiang Jianxun; Person in charge ofaccounting organ: Guo Cuimei
2) Balance sheet of parent company
Unit: CNY
| Item | September 30th, 2019 | December 31st, 2018 |
Current Assets
| ： |
Monetary fund 570,192,493.00 624,588,809.00Transactional financial assets
Financial assets measured by fair value withchanges recorded into current profits and losses
Derivative financial assets
Notes receivable 39,885,254.00
Accounts receivable 1,447,973.00
Receivables Financing 15,855,750.00
Accounts prepaid 3,533.00 227.00
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Other receivables 601,547,442.00 1,025,643,356.00Including: Interest receivable 217,553.00 254,088.00Dividends receivable 4,103,925.00 500,000,000.00Inventory 422,486,614.00 385,154,740.00Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 34,571,033.00 24,704,844.00Total Current Assets1,644,656,865.00 2,101,425,203.00Non-current Assets
| ： |
Debt investment
Financial assets for sale
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 7,429,282,512.00 7,420,803,069.00
Investment in other equity instrument
Other non-current financial assets
Real estate for investment 30,177,815.00 31,572,489.00
Fixed assets 260,483,702.00 265,311,274.00
Construction in progress 6,740,745.00 6,311,701.00
Biological assets for production 120,424,630.00 125,002,793.00
Oil and gas assets
Right-of-use assets
Intangible assets 65,459,702.00 67,244,066.00
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets 22,594,502.00 24,194,967.00
Other non-current assets 1,229,700,000.00 972,700,000.00Total Non-Current Assets9,164,863,608.00 8,913,140,359.00Total Assets10,809,520,473.00 11,014,565,562.00Current liabilities
Short-term loan 150,000,000.00 150,000,000.00
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Transactional financial liability
| Financial liabilities measured by fair value with changes recorded into current profits and losses |
Derivative financial liabilities
Notes payable
Accounts payable 30,969,787.00 132,704,304.00Advances from customersContract liabilitiesWage payable 60,111,310.00 72,345,179.00Tax payable 3,342,995.00 13,111,431.00Other accounts payable 634,030,378.00 607,974,519.00Including: Interest payable 163,125.00 181,250.00Dividend payable
Liabilities classified as holding for sale
Non-current liabilities expire in one year
Other current liabilities 3,433,054.00 3,433,054.00Total Current Liabilities881,887,524.00 979,568,487.00Non-Current Liabilities:
Long-term borrowings
Bonds payable
Preferred Stock
Perpetual capital securities
Lease liability
Long-term accounts payable
Long-term accrued payroll
Estimated liabilities
Deferred income 6,601,526.00 8,910,918.00Deferred tax liabilitiesOther non-current liabilities 2,951,042.00 2,710,575.00Total non-current liabilities9,552,568.00 11,621,493.00Total liabilities891,440,092.00 991,189,980.00Owner’s equity (or shareholders’ equity):
Capital stock 685,464,000.00 685,464,000.00Other equity instruments
Preferred Stock
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Perpetual capital securities
Capital reserve 557,222,454.00 557,222,454.00Minus: treasury stock
Other comprehensive income
Special reserves
Surplus reserve 342,732,000.00 342,732,000.00Undistributed profits 8,332,661,927.00 8,437,957,128.00Total owner's equity9,918,080,381.00 10,023,375,582.00Total liabilities and owner's equity10,809,520,473.00 11,014,565,562.00
3) Consolidated profit statement in this report period
Unit: CNYItem
| Amount in this report period | Amount in prior report period | |
| 1. Revenue | 968,100,175.00 | 1,032,328,986.00 |
| Including: Operating income | 968,100,175.00 | 1,032,328,986.00 |
| Interest income | ||
| Earned premium | ||
| Handling fees and commission income | ||
| 2. Total operating costs | 799,392,634.00 | 880,955,872.00 |
| Including: Operating costs | 348,321,823.00 | 394,965,077.00 |
| Interest expenditure | ||
| Handling fees and commission expenditure | ||
| Premium rebate | ||
| Net amount of indemnity expenditure | ||
| Net amount of insurance contract reserve fund withdrawal | ||
| Policy bonus payment | ||
| Amortized reinsurance expenditures | ||
| Taxes and surcharges | 62,058,908.00 | 45,258,725.00 |
| Selling expenses | 315,345,327.00 | 357,743,961.00 |
| Administrative expenses | 63,818,230.00 | 68,182,863.00 |
| Research and development expenditure | 1,149,179.00 | 2,940,503.00 |
| Financial expenses | 8,699,167.00 | 11,864,743.00 |
| Including: Interest expenses | 9,525,615.00 | 8,659,111.00 |
| Interest income | 5,589,246.00 | 1,947,160.00 |
| Plus:Other income | 4,795,473.00 | 28,858,248.00 |
| Investment profit (loss is listed with "-") | -128,956.00 | |
| Including: Investment profit for joint-run |
business and joint venture
-959,797.00
financial assets measured at amortized cost (loss is listed
| with "-") |
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Exchange income (loss is listed with "-")
| Net exposure hedging income (Loss islisted with |
“-”)
| Fair value charge profit (loss is listed with "-") | ||
| Loss of credit impairment(loss is listed with "-") | -1,417,236.00 | 0.00 |
| Loss for impairment of assets(loss is listed with "-") |
-4,457,409.00 -531,111.00
| Assets disposal income (loss is listed with "-") | -167,802.00 | -170,334.00 |
| 3. Operating profit (loss is listed with "-") | 167,331,611.00 | 179,529,917.00 |
| Plus: Non-operating income | 2,667,687.00 | 2,775,336.00 |
| Minus: Non-operating expenditure | 726,954.00 | 439,049.00 |
| 4. Total profits (total loss is listed with "-") | 169,272,344.00 | 181,866,204.00 |
| Minus: Income taxes | 43,673,789.00 | 47,969,306.00 |
| 5. Net profit (net loss is listed with "-") | 125,598,555.00 | 133,896,898.00 |
| （一）Classification by continuous operation | ||
| 1.Net profit from continuous operation(net loss is listed with "-") | ||
| 2.Net profit from terminational operation(net loss is listed with "-") | ||
| ( |
二
| )Classification by ownership | ||
| 1.Net profits attribute to equity holders of the company | 125,557,834.00 | 133,916,250.00 |
| 2. Minority interests | 40,721.00 | -19,352.00 |
| 6. Net value of other comprehensive income after tax | -16,794,085.00 | 19,757,123.00 |
6.1 Net value of other comprehensive income after tax of
holding company's owners
-16,794,085.00 16,681,680.00
classified into the profit and loss
| 6.1.1 Other comprehensive income that will not be | ||
| 6.1.1.1 Changes of the defined benefit plans that re-measured | ||
| 6.1.1.2 Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 6.1.1.3 Change of fair value of investment in other equity instrument | ||
| 6.1.1.4 Fair value change of enterprise's credit risk | ||
| 6.1.1.5 Other | ||
| 6.1.2 Other comprehensive income that will be classified into the profit and loss |
-16,794,085.00 16,681,680.00
| 6.1.2.1 Other comprehensive income under equity method that can transfer to gain/loss | ||
| 6.1.2.2 Change of fair value of other debt investment | ||
| 6.1.2.3 gain/loss of fair value changes for available-for-sale financial assets | ||
| 6.1.2.4 Amount of financial assets re-classify to other comprehensive income |
6.1.2.5 Gain/loss of held-to-maturity investments that re-
classify to ailable-for-sale financial asset
| 6.1.2.6 Credit impairment provision for other debt investmen |
6.1.2.7 Cash flow hedging reserve
6.1.2.8 Translation differences arising on translation of
foreign currency financial statements
-16,794,085.00 16,681,680.00
| 6.1.2.9 Other | ||
| 6.2 Net value of other comprehensive income after tax of minority shareholders |
3,075,443.00
| 7.Total comprehensive Income | 108,804,470.00 | 153,654,021.00 |
| Total comprehensive income of holding company | 108,763,749.00 | 150,597,930.00 |
| Total comprehensive income of minority shareholders | 40,721.00 | 3,056,091.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.18 | 0.19 |
| 8.2 Diluted earnings per share | 0.18 | 0.19 |
During this report period, the issue relates to company consolidation under common control, consolidated partycompletes net profit amount of CNY 0 before being consolidated, and consolidated party completes net profitamount of CNY 0 in the same period of last year.Legal representative: Zhou Hongjiang; Person in charge of accounting: Jiang Jianxun; Person in charge ofaccounting organ: Guo Cuimei
4) Profit statement of parent company in this report period
Unit: CNYItem
| Amount in this report period | Amount in prior report period |
1. Revenue
200,488,769.00 185,358,483.00Minus: Operating costs 184,071,670.00 163,922,392.00Taxes and surcharges 10,446,607.00 9,009,093.00Selling expensesAdministrative expenses 16,494,204.00 21,186,737.00Research and development expenditure 206,023.00 500,205.00Financial expenses -547,440.00 6,173,386.00Including: Interest expenses 2,190,828.00 2,223,333.00Interest income 3,602,659.00 -1,543,446.00Plus:Other income 858,264.00 1,160,677.00Investment profit (loss is listed with "-") 55,000,000.00 79,850,000.00
| Including: Investment profit for joint-run business and joint venture | ||
| Termination of recognized income of financial assets measured at amortized cost (loss is listed with "-") |
Net exposure hedging income (Loss islisted with “-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment (loss is listed with "-")
Loss for impairment of assets (loss is listed with "-")
Assets disposal income (loss is listed with "-") 21,901.00 -528.00
2. Operating profit (loss is listed with "-")
45,697,870.00 65,576,819.00Plus: Non-operating income 122,208.00 812,444.00Minus: Non-operating expenses 748,159.00 299,472.00
3. Total profits (total loss is listed with "-")
45,071,919.00 66,089,791.00Minus: Income tax -181,802.00 -1,834,728.00
4. Net profit (net loss is listed with "-")
45,253,721.00 67,924,519.00
1.Net profit from continuous operation(net loss is listed with "-") 45,253,721.00 67,924,519.00
| 2.Net profit from terminational operation(net loss is listed with "-") |
5. Net value of other comprehensive income after tax
5.1 Other comprehensive income that will not be classified into
the profit and loss
| 5.1.1 Remeasure the changes in net assets or liabilities of defined benefit plans |
5.1.2 Shares of other comprehensive income from investee which
cannot be reclassified into profit and loss under the equity method
5.1.3 Change of fair value of investment in other equity instrument
5.1.4 Fair value change of enterprise's credit risk
5.1.5 Other
| 5.2 Other comprehensive income that will be classified into the profit and loss | ||
| 5.2.1 Other comprehensive income under equity method that can transfer to gain/loss | ||
| 5.2.2 Change of fair value of other debt investment | ||
| 5.2.3 gain/loss of fair value changes for available-for-sale |
financial assets
| 5.2.4 Amount of financial assets re-classify to other |
comprehensive income
5.2.5 Gain/loss of held-to-maturity investments that re-classify to
ailable-for-sale financial asset
5.2.6 Credit impairment provision for other debt investment
5.2.7 Cash flow hedging reserve
5.2.8 Translation differences arising on translation of foreign
currency financial statements
5.2.9 Other
6. Total comprehensive income
45,253,721.00 67,924,519.00
7. Earnings per share
7.1 Basic earnings per share 0.07 0.10
7.2 Diluted earnings per share 0.07 0.10
5) Consolidated profit statement from the beginning of the year to the end of the report period
Unit: CNYItem
| Amount in this report period | Amount in prior report period | |
| 1. Revenue | 3,526,374,960.00 | 3,860,559,050.00 |
| Including: Operating income | 3,526,374,960.00 | 3,860,559,050.00 |
| Interest income | ||
| Earned premium | ||
| Handling fees and commission income | ||
| 2. Total operating costs | 2,618,215,214.00 | 2,904,626,278.00 |
| Including: Operating costs | 1,284,574,048.00 | 1,369,522,369.00 |
| Interest expenditure | ||
| Handling fees and commission expenditure | ||
| Premium rebate | ||
| Net amount of indemnity expenditure | ||
| Net amount of insurance contract reserve fund withdrawal | ||
| Policy bonus payment | ||
| Amortized reinsurance expenditures | ||
| Taxes and surcharges | 185,609,756.00 | 210,534,976.00 |
| Selling expenses | 907,316,128.00 | 1,068,402,994.00 |
| Administrative expenses | 219,370,542.00 | 226,147,745.00 |
| Research and development expenditure | 3,855,990.00 | 5,067,509.00 |
| Financial expenses | 17,488,750.00 | 24,950,685.00 |
| Including: Interest expenses | 19,338,175.00 | 27,398,639.00 |
| Interest income | 10,195,663.00 | 9,193,030.00 |
| Plus:Other income | 69,007,365.00 | 66,841,126.00 |
| Investment profit (loss is listed with "-") | -128,956.00 | |
| Including: Investment profit for joint-run business and |
joint venture
-959,797.00
assets measured at amortized cost (loss is listed with "-")
| Termination of recognized income of financial |
Exchange income (loss is listed with "-")
Net exposure hedging income (Loss islisted with “-”)
| Fair value charge profit (loss is listed with "-") | ||
| Loss of credit impairment(loss is listed with "-") | -2,183,171.00 | |
| Loss for impairment of assets(loss is listed with "-") | 1,691,320.00 | 4,199,837.00 |
| Assets disposal income (loss is listed with "-") | -166,664.00 | -76,376.00 |
| 3. Operating profit (loss is listed with "-") | 976,379,640.00 | 1,026,897,359.00 |
| Plus: Non-operating income | 6,243,601.00 | 4,781,728.00 |
| Minus: Non-operating expenditure | 891,004.00 | 1,831,411.00 |
| 4. Total profits (total loss is listed with "-") | 981,732,237.00 | 1,029,847,676.00 |
| Minus: Income taxes | 253,955,367.00 | 259,949,041.00 |
| 5. Net profit (net loss is listed with "-") | 727,776,870.00 | 769,898,635.00 |
（一）
| Classification by continuous operation | ||
| 1.Net profit from continuous operation(net loss is listed with "-") |
| 2.Net profit from terminational operation(net loss is listed with "-") | ||
| ( |
二
| )Classification by ownership | ||
| 1.Net profits attribute to equity holders of the company | 728,961,623.00 | 769,753,655.00 |
| 2. Minority interests | -1,184,753.00 | 144,980.00 |
| 6. Net value of other comprehensive income after tax | -21,451,376.00 | 8,630,710.00 |
6.1 Net value of other comprehensive income after tax of holding
company's owners
-19,854,806.00 7,450,860.00
classified into the profit and loss
| 6.1.1 Other comprehensive income that will not be |
6.1.1.1 Changes of the defined benefit plans that re-measured
| 6.1.1.2 Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 6.1.1.3 Change of fair value of investment in other equity instrument | ||
| 6.1.1.4 Fair value change of enterprise's credit risk | ||
| 6.1.1.5 Other | ||
| 6.1.2 Other comprehensive income that will be classified into the profit and loss |
-19,854,806.00 7,450,860.00
| 6.1.2.1 Other comprehensive income under equity method that can transfer to gain/loss | ||
| 6.1.2.2 Change of fair value of other debt investment | ||
| 6.1.2.3 gain/loss of fair value changes for available-for-sale financial assets | ||
| 6.1.2.4 Amount of financial assets re-classify to other comprehensive income |
6.1.2.5 Gain/loss of held-to-maturity investments that re-classify to
available-for-sale financial asset
6.1.2.6 Credit impairment provision for other debt investment
6.1.2.7 Cash flow hedging reserve
6.1.2.8 Translation differences arising on translation of foreign
currency financial statements
-19,854,806.00 7,450,860.00
| 6.1.2.9 Other | ||
| 6.2 Net value of other comprehensive income after tax of minority shareholders |
-1,596,570.00 1,179,850.00
| 7.Total comprehensive Income | 706,325,494.00 | 778,529,345.00 |
| Total comprehensive income of holding company | 709,106,817.00 | 777,204,515.00 |
| Total comprehensive income of minority shareholders | -2,781,323.00 | 1,324,830.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 1.06 | 1.12 |
| 8.2 Diluted earnings per share | 1.06 | 1.12 |
During this report period, the issue relates to company consolidation under common control, consolidated partycompletes net profit amount of CNY 0 before being consolidated, and consolidated party completes net profitamount of CNY 0 in the same period of last year.Legal representative: Zhou Hongjiang; Person in charge of accounting: Jiang Jianxun; Person in charge ofaccounting organ: Guo Cuimei
6) Profit statement of parent company from the beginning of the year to the end of the report
period
Unit: CNYItem
| Amount in this report period | Amount in prior report period |
1. Revenue
552,839,771.00 594,203,694.00Minus: Operating costs 493,642,250.00 516,569,381.00Taxes and surcharges 23,586,763.00 33,472,468.00Selling expensesAdministrative expenses 55,928,450.00 61,014,018.00Research and development expenditure 611,084.00 860,671.00Financial expenses -4,204,810.00 -8,978,222.00Including: Interest expenses -514,245.00 13,580,944.00Interest income 5,073,326.00 28,087,271.00Plus: Other income 2,574,791.00 3,137,204.00Investment profit (loss is listed with "-") 319,221,755.00 392,259,576.00
| Including: Investment profit for joint-run business and joint venture | ||
| Termination of recognized income of financial assets measured at amortized cost (loss is listed with "-") |
Net exposure hedging income (Loss islisted with “-”)
Fair value charge profit (loss is listed with "-")
Loss of credit impairment (loss is listed with "-")
Loss for impairment of assets (loss is listed with "-")
Assets disposal income (loss is listed with "-") 21,901.00 74,472.00
2. Operating profit (loss is listed with "-")
305,094,481.00 386,736,630.00Plus: Non-operating income 825,767.00 868,923.00Minus: Non-operating expenses 845,797.00 300,000.00
3. Total profits (total loss is listed with "-")
305,074,451.00 387,305,553.00Minus: Income tax -908,748.00 615,864.00
4. Net profit (net loss is listed with "-")
305,983,199.00 386,689,689.00
1.Net profit from continuous operation(net loss is listed with "-") 305,983,199.00 386,689,689.00
| 2.Net profit from terminational operation(net loss is listed with "-") |
5. Net value of other comprehensive income after tax
5.1 Other comprehensive income that will not be
classified into the profit and loss
| 5.1.1 Remeasure the changes in net assets or liabilities of defined benefit plans |
investee which cannot be reclassified into profitand loss under the equity method
| 5.1.2 Shares of other comprehensive income from |
5.1.3 Change of fair value of investment in other equity instrument
5.1.4 Fair value change of enterprise's credit risk
5.1.5 Other
| 5.2 Other comprehensive income that will be classified into the profit and loss | ||
| 5.2.1 Other comprehensive income under equity method that can transfer to gain/loss | ||
| 5.2.2 Change of fair value of other debt investment | ||
| 5.2.3 gain/loss of fair value changes for available-for-sale |
financial assets
5.2.4 Amount of financial assets re-classify to other
comprehensive income
5.2.5 Gain/loss of held-to-maturity investments that re-classify to
ailable-for-sale financial asset
5.2.6 Credit impairment provision for other debt investmen
5.2.7 Cash flow hedging reserve
5.2.8 Translation differences arising on translation of foreign
currency financial statements
5.2.9 Other
6. Total comprehensive income
305,983,199.00 386,689,689.00
7. Earnings per share
7.1 Basic earnings per share 0.45 0.56
7.2 Diluted earnings per share 0.45 0.56
7) Consolidated cash flow statement from the beginning of the year to the end of the report
period
Unit: CNYItem
| Amount in this report period | Amount in prior report period | |
| 1. Cash flows from operating activities: |
Cash received from sales of goods and rending ofservices
3,383,591,970.00 3,758,220,631.00
| Net increase in customer and interbank deposits | ||
| Net increase in borrowings from central bank |
| Net increase in borrowings from other financial institutions | ||
| Cash received from receiving insurance premium of original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase of deposit of insured and investment fund | ||
| Net increase in disposing of financial assets that |
measured by fair value with changes recorded into
| the current profit and loss | ||
| Cash received from collecting interest, handling fees and commission | ||
| Net increase in borrowings | ||
| Net increase in repurchasement business funds | ||
| Tax refund received | 29,589,937.00 | 44,108,497.00 |
| Other cash received related to operating activities | 73,784,588.00 | 72,133,583.00 |
| Sub-total of cash inflows of operating activities | 3,486,966,495.00 | 3,874,462,711.00 |
| Cash paid for goods and services | 1,215,074,533.00 | 1,148,035,339.00 |
| Net increase in customer loans and advances | ||
| Net increase in deposits in central bank and interbank deposits | ||
| Cash paid to original insurance contract payments | ||
| Cash paid to interest, handling fees and commission | ||
| Cash paid to policy bonus | ||
| Cash paid to and on behalf of employees | 371,205,468.00 | 382,654,609.00 |
| Cash paid for taxes and expenses | 674,162,579.00 | 980,026,533.00 |
| Other cash paid related to operating activities | 581,192,202.00 | 586,905,436.00 |
| Sub-total of cash outflows of operating activities | 2,841,634,782.00 | 3,097,621,917.00 |
| Net cash flow from operating activities | 645,331,713.00 | 776,840,794.00 |
| 2. Cash flow from investing activities: | ||
| Cash received from return of investment | ||
| Cash received from return of fixed deposit |
174,597,650.00 315,000,000.00Cash received from obtaining investment profit
1,199,968.00 2,663,349.00
| Cash received from interest income |
| Cash received from disposal of fixed assets, intangible assets and other long-term assets |
197,599.00 679,061.00
| Net cash received from disposal of branch and other business unit |
Other cash received related to investing activities
Sub-total of cash inflows of investment activities 175,995,217.00 318,342,410.00
201,251,495.00 194,381,509.00Cash for investments 401,647.00
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Cash paid to acquire fixed deposit 113,718,193.00 340,000,000.00Net increase in hypothecated loan
105,834,656.00Other cash paid related to investment activities 170,752.00Subtotal of cash outflows of investment activities 315,542,087.00 640,216,165.00Net cash flow from investing activities -139,546,870.00 -321,873,755.00
3. Cash flow from financing activities
Net cash paid to acquire branch and other businessunit
Cash received from acquiring investment
| Cash received from acquiring minority shareholders' investment by branch |
Cash received from acquiring loans 684,581,027.00 693,422,472.00Other cash received related to financing activities 23,521,431.00Sub-total cash inflows of financing activities 684,581,027.00 716,943,903.00Cash paid to repay debts 697,660,583.00 697,658,527.00
437,742,354.00 370,522,623.00
| Cash paid to distribute dividend, profit or pay interest |
| Dividend and profit paid to minority shareholders by branch |
Other cash paid related to financing activities 20,000,000.00Sub-total of cash outflows of financing activities 1,135,402,937.00 1,088,181,150.00Net cash flow from financing activities -450,821,910.00 -371,237,247.00
-308,084.00 -1,776,998.00
5. Net Increase of cash and cash equivalents 54,654,849.00 81,952,794.00
4. Influences of exchange rate fluctuation on cash and
cash equivalentsPlus: balance at the beginning of the period of cashand cash equivalents
1,206,860,334.00 1,180,889,274.00
| Plus: balance at the beginning of the period of cash and cash equivalents |
| 6. Balance at the end of the period of cash and cash equivalents |
1,261,515,183.00 1,262,842,068.00
8) Cash flow statement of parent company from the beginning of the year to the end of the
report period
Unit: CNYItem
| Amount in this report period | Amount in prior report period | |
| 1. Cash flows from operating activities: |
442,359,311.00 500,155,064.00
| Cash received from sales of goods and rending of services | ||
| Tax refund received | ||
| Other cash received related to operating activities | 44,030,652.00 | 117,304,238.00 |
Sub-total of cash inflows of operating activities486,389,963.00 617,459,302.00Cash paid for goods and services 332,017,753.00 324,043,336.00
| Cash paid to and on behalf of employees | 57,697,044.00 | 61,318,451.00 |
| Cash paid for taxes and expenses | 34,602,597.00 | 56,041,351.00 |
| Other cash paid related to operating activities | 236,084,524.00 | 35,822,969.00 |
| Sub-total of cash outflows of operating activities | 660,401,918.00 | 477,226,107.00 |
| Net cash flow from operating activities | -174,011,955.00 | 140,233,195.00 |
| 2. Cash flow from investing activities: | ||
| Cash received from return of investment | ||
| Cash received from return of fixed deposit | 110,000,000.00 | 305,000,000.00 |
Cash received from obtaining investment profit 815,117,830.00 797,517,435.00
715,111.00 2,342,015.00
| Cash received from interest income |
| Cash received from disposal of fixed assets, intangible assets and other long-term assets |
29,815.00 538,055.00
| Net cash received from disposal of branch and other business unit | ||
| Other cash received related to investing activities |
Sub-total of cash inflows of investment activities
| 925,862,756.00 | 1,105,397,505.00 |
Cash paid to acquire fixed assets, intangible assetand other long-term assets
14,223,638.00 15,121,500.00Cash for investments 265,479,443.00 107,194,420.00
105,238,750.00 340,000,000.00
| Cash paid to acquire fixed deposit | ||
| Net cash paid to acquire branch and other busines unit |
Other cash paid related to investment activities
| Subtotal of cash outflows of investment activities | 384,941,831.00 | 462,315,920.00 |
| Net cash flow from investing activities | 540,920,925.00 | 643,081,585.00 |
| 3. Cash flow from financing activities | ||
| Cash received from acquiring investment | ||
| Cash received from acquiring loans | 200,000,000.00 | |
| Other cash received related to financing activities |
Sub-total cash inflows of financing activities
| 200,000,000.00 |
Cash paid to repay debts 600,000,000.00
416,717,150.00 356,615,750.00Other cash paid related to financing activities
Cash paid to distribute dividend, profit or payinterestSub-total of cash outflows of financing activities
| Sub-total of cash outflows of financing activities | 416,717,150.00 | 956,615,750.00 |
| Net cash flow from financing activities | -416,717,150.00 | -756,615,750.00 |
| 4. Influences of exchange rate fluctuation on cash and cash equivalents |
| 5. Net Increase of cash and cash equivalents | -49,808,180.00 | 26,699,030.00 |
532,384,882.00 493,568,866.00
| Plus: balance at the beginning of the period of cash and cash equivalents |
| 6. Balance at the end of the period of cash and cash equivalents |
482,576,702.00 520,267,896.00
2. Explanation for adjustment in financial statements
1) The situation of adjusting related items in financial statements at the beginning of 2019
owing to the implementation of new financial instruments standard, new revenue standard ornew lease standard since 2019
√Available □Not available
Consolidated balance sheet
Unit: CNY
| Item | December 31st, 2018 | January 1st, 2019 | Adjusted amount |
| Current Assets： |
Monetary fund 1,475,700,477.00 1,475,700,477.00
petty cash
Lending funds
Transactional financial assets
Financial assets measured by fair value withchanges recorded into current profits and losses
Derivative financial assets
Notes receivable 288,667,988.00 -288,667,988.00
Accounts receivable 242,153,083.00 237,781,161.00 -4,371,922.00
Receivables Financing
Accounts prepaid 4,219,949.00 4,219,949.00
Premiums receivable
Reinsurance accounts receivable
Receivable reserves for reinsurance contract
Other receivables 22,636,086.00 22,636,086.00
Including: Interest receivable 1,332,681.00 1,332,681.00
Dividends receivable
Buying back the sale of financial assets
Inventory 2,724,591,457.00 2,724,591,457.00
Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 258,676,396.00 258,676,396.00Total Current Assets5,016,645,436.00 5,016,645,436.00Non-current Assets
：
Offering loans and imprest
Debt investment
| Financial assets for sale | 467,251.00 | -467,251.00 | |
| Other debt investment | |||
| Held-to-maturity investment | |||
| Long-term account receivable | |||
| Long-term equity investment | |||
| Investment in other equity instrument | |||
| Other non-current financial assets | 467,251.00 | 467,251.00 | |
| Real estate for investment | 31,572,489.00 | 31,572,489.00 | |
| Fixed assets | 5,749,731,667.00 | 5,749,731,667.00 | |
| Construction in progress | 759,296,591.00 | 759,296,591.00 | |
| Biological assets for production | 209,266,373.00 | 209,266,373.00 | |
| Oil and gas assets | |||
| Right-of-use assets | |||
| Intangible assets | 655,473,459.00 | 655,473,459.00 | |
| Development expenditure | |||
| Goodwill | 165,199,111.00 | 165,199,111.00 | |
| Long-term deferred expenses | 244,640,416.00 | 244,640,416.00 | |
| Deferred tax assets | 285,436,259.00 | 286,529,239.00 | 1,092,980.00 |
| Other non-current assets | |||
| Total Non-Current Assets | 8,101,083,616.00 | 8,101,083,616.00 | |
| Total Assets | 13,117,729,052.00 | 13,117,729,052.00 | |
| Current liabilities： | |||
| Short-term loan | 688,002,410.00 | 688,002,410.00 | |
| Borrowings from the Central Bank | |||
| Borrowing funds | |||
| Transactional financial liability | |||
| Financial liabilities measured by fair value |
with changes recorded into current profits and
| losses | |||
| Derivative financial liabilities | |||
| Notes payable | |||
| Accounts payable | 713,572,881.00 | 713,572,881.00 | |
| Advances from customers | 226,075,244.00 | 226,075,244.00 | |
| Sales/buyback financial assets | |||
| Customer and interbank deposits | |||
| Acting trading securities | |||
| Acting underwriting securities | |||
| Wage payable | 212,304,217.00 | 212,304,217.00 | |
| Tax payable | 128,912,790.00 | 128,912,790.00 | |
| Other accounts payable | 608,479,890.00 | 608,479,890.00 | |
| Including: Interest payable | 712,826.00 | 712,826.00 | |
| Dividend payable | |||
| Payable handling fees and commission | |||
| Dividend payable for reinsurance | |||
| Contract liabilities | |||
| Liabilities classified as holding for sale |
| Non-current liabilities expire in one year | 152,940,788.00 | 152,940,788.00 | |
| Other current liabilities | 15,860,254.00 | 15,860,254.00 | |
| Total Current Liabilities | 2,746,148,474.00 | 2,746,148,474.00 | |
| Non-Current Liabilities: | |||
| Insurance contract reserve | |||
| Long-term borrowings | 156,480,662.00 | 156,480,662.00 | |
| Bonds payable | |||
| Preferred Stock | |||
| Perpetual capital securities | |||
| Lease liability | |||
| Long-term accounts payable | 225,000,000.00 | 225,000,000.00 | |
| Long-term accrued payroll | |||
| Estimated liabilities | |||
| Deferred income | 70,367,039.00 | 70,367,039.00 | |
| Deferred tax liabilities | 22,010,647.00 | 22,010,647.00 | |
| Other non-current liabilities | 7,234,853.00 | 7,234,853.00 | |
| Total non-current liabilities | 481,093,201.00 | 481,093,201.00 | |
| Total liabilities | 3,227,241,675.00 | 3,227,241,675.00 | |
| Owner’s equity (or shareholders’ equity): | |||
| Capital stock | 685,464,000.00 | 685,464,000.00 | |
| Other equity instruments | |||
| Preferred Stock | |||
| Perpetual capital securities | |||
| Capital reserve | 565,955,441.00 | 565,955,441.00 | |
| Minus: treasury stock | |||
| Other comprehensive income | 2,965,377.00 | 2,965,377.00 | |
| Special reserves | |||
| Surplus reserve | 342,732,000.00 | 342,732,000.00 | |
| General risk preparation | |||
| Undistributed profits | 8,008,982,547.00 | 8,005,703,605.00 | -3,278,942.00 |
| Total owner's equity attributable to the holding company |
9,606,099,365.00 9,606,099,365.00
| Minority interests | 284,388,012.00 | 284,388,012.00 | |
| Total owner's equity | 9,890,487,377.00 | 9,602,820,423.00 | -3,278,942.00 |
| Total liabilities and owner's equity | 13,117,729,052.00 | 13,117,729,052.00 |
Explanation for adjustment
Unit: CNY
| Item | Book value based on |
original standardDecember 31
st
, 2018
new financial
instruments
| standard | Influence of change in reporting mode of |
other financial
| statements | Book value based on |
new standardJanuary 1
st, 2019
| Notes receivable & Accounts receivable | 530,821,071 | -530,821,071 | ||
| Notes receivable | -288,667,988 | 288,667,988 | ||
| Accounts receivable | -4,371,922 | 242,153,083 | 237,781,161 | |
| Receivables Financing | 288,667,988 | 288,667,988 | ||
| Financial assets for sale | 467,251 | -467,251 | ||
| Other non-current financial assets | 467,251 | 467,251 | ||
| Deferred tax assets | 285,436,259 | 1,092,980 | 286,529,239 | |
| Total | 816,724,581 | -3,278,942 | 813,445,639 |
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Balance sheet of parent company
Unit: CNY
| Item | December 31st, 2018 | January 1st, 2019 | Adjusted amount |
Current Assets
| ： |
Monetary fund 624,588,809.00 624,588,809.00
Transactional financial assets
| Financial assets measured by fair value |
with changes recorded into current profits
| and losses |
Derivative financial assets
Notes receivable 39,885,254.00 -39,885,254.00Accounts receivable 1,447,973.00 1,447,973.00Receivables Financing 39,885,254.00 39,885,254.00Accounts prepaid 227.00 227.00Other receivables 1,025,643,356.00 1,025,643,356.00Including: Interest receivable 254,088.00 254,088.00Dividends receivable 500,000,000.00 500,000,000.00Inventory 385,154,740.00 385,154,740.00Contract assets
Assets classified as holding for sale
Non-current assets expire in one year
Other current assets 24,704,844.00 24,704,844.00
Total Current Assets2,101,425,203.00 2,101,425,203.00
Non-current Assets
| ： |
Debt investment
Financial assets for sale
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 7,420,803,069.00 7,420,803,069.00
Investment in other equity instrument
Other non-current financial assets
Real estate for investment 31,572,489.00 31,572,489.00
Fixed assets 265,311,274.00 265,311,274.00
Construction in progress 6,311,701.00 6,311,701.00
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Biological assets for production 125,002,793.00 125,002,793.00
Oil and gas assets
Right-of-use assets
Intangible assets 67,244,066.00 67,244,066.00
Development expenditure
Goodwill
Long-term deferred expenses
Deferred tax assets 24,194,967.00 24,194,967.00
Other non-current assets 972,700,000.00 972,700,000.00
Total Non-Current Assets8,913,140,359.00 8,913,140,359.00
Total Assets11,014,565,562.00 11,014,565,562.00
Current liabilities
| ： |
Short-term loan150,000,000.00 150,000,000.00
Transactional financial liability
| Financial liabilities measured by fair |
value with changes recorded into current
| profits and losses |
Derivative financial liabilities
Notes payable
Accounts payable132,704,304.00 132,704,304.00
Advances from customers
Contract liabilities
Wage payable72,345,179.00 72,345,179.00
Tax payable13,111,431.00 13,111,431.00
Other accounts payable607,974,519.00 607,974,519.00
Including: Interest payable181,250.00 181,250.00
Dividend payable
Liabilities classified as holding for sale
Non-current liabilities expire in one year
Other current liabilities3,433,054.00 3,433,054.00
Total Current Liabilities979,568,487.00 979,568,487.00
Non-Current Liabilities:
Long-term borrowings
Bonds payable
Preferred Stock
Perpetual capital securities
2019 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.Lease liability
Long-term accounts payable
Long-term accrued payroll
Estimated liabilities
Deferred income8,910,918.00 8,910,918.00
Deferred tax liabilities
Other non-current liabilities2,710,575.00 2,710,575.00
Total non-current liabilities11,621,493.00 11,621,493.00
Total liabilities991,189,980.00 991,189,980.00
Owner’s equity (or shareholders’ equity):
Capital stock685,464,000.00 685,464,000.00
Other equity instruments
Preferred Stock
Perpetual capital securities
Capital reserve557,222,454.00 557,222,454.00
Minus: treasury stock
Other comprehensive income
Special reserves
Surplus reserve342,732,000.00 342,732,000.00
Undistributed profits8,437,957,128.00 8,437,957,128.00
Total owner's equity10,023,375,582.00 10,023,375,582.00
Total liabilities and owner's equity11,014,565,562.00 11,014,565,562.00
Explanation for adjustment
Unit: CNY
| Item | Book value based on |
original standardDecember 31
st
, 2018
new financial
instruments
| standard | Influence of change in reporting mode of |
other financial
| statements | Book value based on |
new standardJanuary 1
st, 2019
| Notes receivable & Accounts receivable | 41,333,227 |
-
| 41,333,227 | ||||
| Notes receivable | -39,885,254 | 39,885,254 | ||
| Accounts receivable | 1,447,973 | 1,447,973 | ||
| Receivables Financing | 39,885,254 | 39,885,254 | ||
| Other receivables | 1,025,643,356 | 1,025,643,356 | ||
| Total | 1,066,976,583 | 1,066,976,583 |
2) Explanation for retroactive adjustment in comparable data in prior report period owing to
the implementation of new financial instruments standard or new lease standard since 2019
□Available √ Not available
3. Audit report
Whether the third quarter report has been audited.
□Yes √No
The third quarter report has not been audited.
Yantai Changyu Pioneer Wine Co., Ltd.
Board of DirectorsOctober28
th, 2019