Yantai Changyu Pioneer Wine Co. Ltd.2015 Third Quarter Report_News_News Center

Yantai Changyu Pioneer Wine Co. Ltd.2015 Third Quarter Report

Date:2015-11-02 From: Print Font size：LargeMediumSmall

Shares Code:000869. 200869 SharesAbbreviation: Changyu A、Changyu B NoticeNo.: 2015-Final04

Yantai Changyu Pioneer Wine Co. Ltd.

2015 Third Quarter Report

2015-Final 04

Oct 2015

I. ImportantNotice

The board of directors，the board of supervisors，directors, supervisors& senior managers of the Company collectively andindividually accept full responsibility for the truthfulness，accuracy and completeness ofthe information contained in this quarter report and confirm that to the bestof their knowledge and belief there are no unfaithful facts, significant omissionsor misleading statements.

All directorshave personally attended the Board of Directors’ meeting for deliberating the quarterreport.

Mr. Sun Liqiang (Chairman of theCompany), Mr. Leng Bin (Chief Financial Officer) and Mr. Jiang Jianxun(Financial Director) assure the truthfulness, accuracy and completeness of thefinancial report in the quarter report.

II、Key financial data andshareholders changing

1. Key accounting data and financial data

Whether the Company makes retroactiveadjustments or restates the accounting data of previous fiscal years.

□ Yes V No

	The end of the report period	The end of last year		More or less than last year(%)
Total assets (CNY)	9,655,921,097	8,912,232,640		8.34%
Net Assets attributed to the shareholders of the listed company (CNY)	7,419,322,809	6,840,452,145		8.46%
	The report period	More or less than last year(%)	From the beginning of year to the end of the report period	More or less than last year(%)
Business income (CNY)	860,434,812	-3.38%	3,686,228,062	15.46%
Net profit attributed to the shareholders of the listed company (CNY)	136,798,209	-15.02%	882,858,457	10.49%
Net profit attributed to the shareholders of the listed company after deducting the irregular profit and loss (CNY)	133,641,945	-16.19%	873,073,948	10.61%
Net cash flows from the operating activities (CNY)	--	--	1,219,234,324	11.16%
Basic earnings per share (CNY)	0.20	-13.04%	1.29	11.21%
Diluted earnings per share (CNY)	0.20	-13.04%	1.29	11.21%
Weighted average for earning rate of the net assets	1.79%	-0.61%	12.49%	0.55%

Details of non-recurringprofit and loss

√available □not available

Unit：CNY

Item	From beginning of year to end of report period	Explanation
Gain on disposal of non-current assets(including the reversal of accrued impairment provision)	1,421	94,839
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)	11,218,301	13,451,971
Other non-operating income and expenses	1,115,919	-936,620
Less: Income tax effect	2,551,132	2,959,916
Total	9,784,509	--

The reasons shall be made clear and definitely as to thenon-recurring profit and loss that the Company has defined by virtue of the Explanatory Announcement onPublic Company’s Information Disclosure No.1 - Non-recurring Profit and Lossand as to regarding thenon-recurring profit and loss as recurrent profit and loss as specified in theExplanatory Announcement on Public Company’s Information Disclosure No.1 -Non-recurring Profit and Loss.

□Available V Not available

There is nosituation regarding the non-recurringprofit and loss as defined and specified in the Explanatory Announcement onPublic Company’s Information Disclosure No.1 - Non-recurring Profit and Loss asrecurrent profit and loss.

2. The total number of the shareholders and top10 shareholders at the end of the report period

1) The total number of common shareholders and top10 common shareholders at the end of the report period

Unit: share

Total number of common shareholders at the end of the report period		35,368 including 19,937 A shareholders and 15,431 B shareholders
The top 10 common shareholders
Name of Shareholders		Character of shareholders	Percentage (%)		Shares held		Number of restricted shares		Pledged or frozen
									Share status	Amount
YANTAI CHANGYU GROUP CO. LTD.		Domestic non-state-owned legal person	50.40%		345,473,856		0		-	0
GAOLING FUND,L.P.		Foreign shareholder	3.11%		21,300,919		0		-	0
CHINA SECURITIES FINANCE CORPORATION LIMITED		Domestic general legal person	2.33%		15,997,455		0		-	0
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD		Foreign shareholder	2.27%		15,576,126		0		-	0
GREENWOODS CHINA ALPHA MASTER FUND		Foreign shareholder	1.26%		8,617,471		0		-	0
GOLDEN CHINA MASTER FUND		Foreign shareholder	1.08%		7,389,916		0		-	0
NORGES BANK		Foreign shareholder	0.83%		5,698,452		0		-	0
VALUE PARTNERS CHINA GREENCHIP FUND LTD		Foreign shareholder	0.74%		5,063,024		0		-	0
CENTRAL HUIJIN INVESTMENT COMPANY LIMITED		Domestic general legal person	0.69%		4,761,200		0		-	0
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED		Foreign shareholder	0.68%		4,669,146		0		-	0
The top 10 common shareholders with unrestricted shares
Name of Shareholders				Number of unrestricted common shares held		Type of share
						Type of share		Amount
YANTAI CHANGYU GROUP CO. LTD.				345,473,856		A share		345,473,856
GAOLING FUND,L.P.				21,300,919		B share		21,300,919
CHINA SECURITIES FINANCE CORPORATION LIMITED				15,997,455		A share		15,997,455
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD				15,576,126		B share		15,576,126
GREENWOODS CHINA ALPHA MASTER FUND				8,617,471		B share		8,617,471
GOLDEN CHINA MASTER FUND				7,389,916		B share		7,389,916
NORGES BANK				5,698,452		B share		5,698,452
VALUE PARTNERS CHINA GREENCHIP FUND LTD				5,063,024		B share		5,063,024
CENTRAL HUIJIN INVESTMENT COMPANY LIMITED				4,761,200		A share		4,761,200
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED				4,669,146		B share		4,669,146
The explanation for the associated relationship and accordant action	Among the top 10 shareholders, Yantai Changyu Group Company Limited has no associated relationship or accordant action relationship with the other 9 listed shareholders, and the relationship among the other shareholders is unknown.
Explanation for the top10 common shareholders with unrestricted shares who involved in financing activities and stock trading business(if any)	The top 10 Shareholders is not involved in financing activities and stock trading business.

Whether or not the Company’s top10 commonshareholders and top 10 common shareholders with unrestricted shares promise tobuy back trading during the report period

□ Yes √ No

There is no agreed to buy back trading by Company shareholders during the reportperiod.

2) The total number of preferred shareholdersand top 10 preferred shareholders at the end of the report period

□Available V Not available

III Major Issue

1. The Great Change and Reasons on Main Accountant Data and FinancialIndex

√available □not available

In consolidated financial statement, thegreat change and reasons on partial accountant data is as follows,

Compared the end of the report period withthe beginning of the year, monetary capital increases by 53.50%, mainly due tothe receivable of monetary capital in operation activity profit and bank loan;prepayment decreases by 68.87%, mainly due to the reduction of prepaid raw materialpurchase amount; Interest receivable increases by 89.17%, mainly due to the increaseof the receivable interest on bank deposit; inventory decreases by 22.83%,mainly because selling products makes the decrease of merchandise inventory andraw material; construction in process increases by 33%, mainly due to theincrease of the accumulative total investment in Company’s project underconstruction; short-term loans increases by 99.73%, mainly due to the increaseof short loan borrowing from bank; notes receivable increases by 40%, mainlydue to the growth on payable bank acceptances; accounts payable decreases by34.99%, mainly due to decrease of payable suppliers’ loan; interestpayable increases by 37.54%, mainly due to the growth on payable interest ofbank loan; other account payable increases by 25.51%, mainly due to the increaseof account payable for contractor in the investment project under constructionand advertisement fees.

Compared January to September, 2015 withthe same period of last year, financial expense increases by 164.37%, mainlydue to the decline of income on bank deposit interest and the increase of expenditureon bank loan interest; cash paid for other related to operation activitywhich increases by 24.38%, mainly due to the growth of cash paid formarketing activities; cash received from borrowing increases by 54.97%, mainlydue to the growth on cash received from bank short loan; net increase amount ofcash and cash equivalents increases by 75.66%, mainly due to the growth on netcash flow generated by operation activities and financial activities.

Compared July to September, 2015 with thesame period of last year, management expense of the Company increases by28.87%, mainly due to the growth of depreciation cost and afforestation cost;financial expense increases by 3065.53%, mainly due to not only the increase inexpected losses on the fluctuation of foreign currency loans interest rate andthe expenditure of bank loan interest but also the decline in the incomeof bank loan interest.

2. Analysis explanation of the major issue’s process, its influence andthe solution

V Available □Not available

About75% equity of Dicot Partners S.L. in Spain acquired by the Company, relatedamount has been paid in the report period and delivery of assets have been completed.

Major issue summary

Disclosure dates

Disclosure index of interim report

Acquisition of 75% equity of Dicot Partners S.L. in Spain

2015.08.28

http://www.cninfo.com.cn/finalpage/2015-08-28/1201509186.PDF

3. The commitments of the Company or shareholders of the Company holdingmore than 5% in the report period or until the report period

√available □not available

Commitments	Commitment Party	Commitment content	Commitment time	Commitment period	Implementation
Commitments at share reform	-	－		-	-
Commitments made in acquisition report or equity changes report	-	-		-	-
Commitments at asset restructuring	-	-		-	-
Commitments at the initial public offering or refinancing	Yantai Changyu Group Co, Ltd	Non Intra-industry competition	1997.05.18	Forever	In-process performed
Commitments at the initial public offering or refinancing	Yantai Changyu Group Co., Ltd	According to "Trademark License Contract", the Company will pay trademark royalty for the "Changyu"products of Yantai Changyu Group Co., Ltd every year, Yantai Changyu Group Co., Ltd will use trademark to advertise Changyu trademarks and the Contract products.	1997.05.18	Forever	In-process performed
Commitments made to the minority shareholders of the Company	-	-		-	-
Commitment under timely implementation or not	Yes
Specific reasons of not completing the implementation and the next step	No

4. Forecast on the operating performance in the year of 2015

Warning and explanation for the estimation onthe possible loss of cumulative net profit in the period from the beginning ofthis year to the end of the next report period or the great change comparing withsame 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 reportperiod.

6. The explanation of holding other listed company equity situation

□Available V Not available

There is no other listed company equity holding duringthe report period.

7. The situation of Derivatives investment

□Available V Not available

There is no derivative investment during the reportperiod.

8. The activities registration formof receptions, communication and interview etc. during the report period

□Available V Not available

There is no activities of receptions,N communication and interviewetc. during the report period.

9. Violation of regulations in external guarantee

□Available V Not available

There is no violation of regulation in external guarantee.

10.Non-business capital occupying of listed company by controlling shareholder andits related parties

□Available V Not available

There are no non-business capitals occupying of listed company by controllingshareholder and its related parties during the report period.

Yantai Changyu Pioneer Wine Co. Ltd.

Board of Directors

28^th October 2015

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