Yantai Changyu Pioneer Wine Co. Ltd.2016 First Quarter Report
Yantai Changyu Pioneer Wine Co. Ltd.
The board of directors
All directors attended the meeting fordeliberating this quarter report, and no directors make an objection statementto this report.
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 annual report.
Whether the Company makes retroactiveadjustments or restates the accounting data of previous fiscal years.
|
Item |
The report period |
The same period of last year |
More or less than last year(%) |
|
Business income (CNY) |
1,882,230,620 |
1,825,212,207 |
3.12% |
|
Net profit attributed to the shareholders of the listed company (CNY) |
542,806,719 |
530,248,397 |
2.37% |
|
Net profit attributed to the shareholders of the listed company after deducting the irregular profit and loss (CNY) |
538,762,161 |
526,745,613 |
2.28% |
|
Net cash flows from the operating activities (CNY) |
605,256,456 |
697,396,327 |
-13.21% |
|
Basic earnings per share (CNY) |
0.79 |
0.77 |
2.60% |
|
Diluted earnings per share (CNY) |
0.79 |
0.77 |
2.60% |
|
Weighted average for earning rate of the net assets |
6.93% |
7.46% |
-0.53% |
|
|
The end of the report period |
The end of last year |
More or less than last year(%) |
|
Total assets (CNY) |
11,101,253,043 |
10,344,211,461 |
7.32% |
|
Net Assets attributed to the shareholders of the listed company (CNY) |
8,117,587,279 |
7,564,099,003 |
7.32% |
Details ofirregular profit and loss
V Yes□ No
Unit
|
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 |
72,728 |
|
|
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) |
3,887,501 |
|
|
Other non-operating income and expenses |
1,095,395 |
|
|
Less: Income tax effect |
1,011,066 |
|
|
Total |
4,044,558 |
-- |
The reasons shall be madeclear and definitely as to the irregular profit and loss that the Company hasdefined by virtue of theExplanatory Announcement on Public Company’s Information Disclosure No.1 -Irregular Profit and Loss and as to regarding
□Available V Not available
There is nosituation regarding thenon-recurring profit and loss as defined and specified in the ExplanatoryAnnouncement on Public Company’s Information Disclosure No.1 - Non-recurringProfit and Loss as recurrent profit and loss.
|
Total number of common shareholders at the end of report period |
36502
|
Total number of preferred shareholders with recovered voting power at the end of report period |
0 |
||||||||||
|
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 COMPANY LIMITED |
Domestic non-state-owned legal person |
50.40% |
345,473,856 |
0 |
|
|
|||||||
|
GAOLING FUND,L.P. |
Foreign legal person |
3.11% |
21,300,919 |
0 |
|
|
|||||||
|
2.33% |
15,997,455 |
0 |
|
|
|||||||||
|
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD |
Foreign legal person |
2.27% |
15,576,126 |
0 |
|
|
|||||||
|
GREENWOODS CHINA ALPHA MASTER FUND |
Foreign legal person |
1.47% |
10,082,711 |
0 |
|
|
|||||||
|
GOLDEN CHINA MASTER FUND |
Foreign legal person |
1.08% |
7,389,916 |
0 |
|
|
|||||||
|
NORGES BANK |
Foreign legal person |
0.96% |
6,584,748 |
0 |
|
|
|||||||
|
GUOTAI JUNAN SECURITIES (HONGKONG) LIMITED |
Foreign legal person |
0.78% |
5,317,307 |
0 |
|
|
|||||||
|
CENTRAL HUIJIN ASSET MANAGEMENT LTD. |
State-owned legal person |
0.69% |
4,761,200 |
0 |
|
|
|||||||
|
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND |
Foreign legal person |
0.55% |
3,788,487 |
0 |
|
|
|||||||
|
The top 10 common shareholders with unrestricted shares |
|||||||||||||
|
Name of Shareholders
|
Number of unrestricted shares held |
Type of share |
|||||||||||
|
Type of share |
Amount |
||||||||||||
|
YANTAI CHANGYU GROUP COMPANY LIMITED |
345,473,856 |
A share |
345,473,856 |
||||||||||
|
GAOLING FUND,L.P. |
21,300,919 |
B share |
21,300,919 |
||||||||||
|
CHINA SECURITIES FINANCE CORP |
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 |
10,082,711 |
B share |
10,082,711 |
||||||||||
|
GOLDEN CHINA MASTER FUND |
7,389,916 |
B share |
7,389,916 |
||||||||||
|
NORGES BANK |
6,584,748 |
B share |
6,584,748 |
||||||||||
|
GUOTAI JUNAN SECURITIES (HONGKONG) LIMITED |
5,317,307 |
B share |
5,317,307 |
||||||||||
|
CENTRAL HUIJIN ASSET MANAGEMENT LTD. |
4,761,200 |
A share |
4,761,200 |
||||||||||
|
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND |
3,788,487 |
B share |
3,788,487 |
||||||||||
|
The explanation for the associated relationship and accordant action of the top 10 shareholders |
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 top 10 common shareholders who involved in financing activities and stock trading business(if any) |
No |
||||||||||||
Whether or not the Company’s top 10 commonshareholders and top 10 common shareholders with unrestricted shares promise tobuy back trading during the report period
□ Yes √ No
There is no top 10 common shareholders andtop 10 common shareholders with unrestricted shares in the Company promise tobuy back trading during the report period.
□Available V Not available
III Major Issue
1.
Compared the endof the report period with the beginning of the report period, monetary capitalincreases by 55.27%, mainly due to the increased returned sales money; notesreceivable increases by 202.81%, mainly due to the growth on bank acceptances;account receivables increases by 27.44%, mainly due to the expansion of Company’s direct-selling business and increase of clients’ sales amounton credit; inventory decreases by 23.84%, mainly due that the sales of productsresult in the reduce of inventory and materials; notes payable decreases by35.07%, mainly due that the notes payable amount is paid during the reportperiod; accounts payable decreases by 39.21%, mainly due that the accountspayable amount is paid during the report period; advance receipt increases by39.6%, mainly due to increased advance order amount from clients.
Compared with the same period of lastyear, the financial expense increases by 174.7%, mainly due to the increasedinterest expenditure of bank loan and the reduced interest income of bank loan;the cash for purchasing commodities and accepting service payment increases by70.43%, mainly due to the payment of previous purchase amount of materials aswell as the staff’s remuneration; the subtotal of cash outflow in financingactivities increases by 1814.92%, mainly due to increased cash for repayingdebt; net amount of cash flow in financing activities increases by 5220.62%,mainly due to increased cash from loan.
2.
□Available V Not available
3.
|
Commitments |
Commitment Party |
Commitment Type |
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
|
Solve horizontal |
Non-horizontal competition |
1997.05.18 |
Permanent |
Has been performed |
|
Yantai Changyu Group Co., Ltd
|
Clear the purpose of brand royalty |
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 |
Permanent |
Has been performed |
|
|
Equity incentive commitments |
|
|
|
|
|
|
|
Commitments made to the minority shareholders of the Company |
- |
|
- |
|
- |
- |
|
Commitment under timely implementation or not |
Yes |
|||||
|
For commitments that exceed the time limit and are not completed, specific reasons of not completing the implementation and the next step |
No |
|||||
4.
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.
□
5.
□
There is nosecurity investment during the report period.
6. The situation of derivative investment
□
There is no derivativeinvestment during the report period.
7. Theactivities registration form of receptions, communication and interviewetc. during the report period
□
There is noactivities of receptions,N communication and interview etc. during the report period.
8.Thesituation of illegal external guarantee
□
There is no illegalexternal guarantee during the report period.
9. Thesituation of non-operating fund occupation of controlling shareholders andrelated parties
□
There is no non-operatingfund occupation of controlling shareholders and related parties during thereport period.
30th April 2016