2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. Yantai Changyu Pioneer Wine Co. Ltd.
2015 Third Quarter Report
2015-Final 04
Oct 2015
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. I. Important Notice
The board ofdirectors，the board ofsupervisors，directors, supervisors& senior managers of the Company collectively and individually accept full responsibility for thetruthfulness， accuracy and completeness of the information contained in this quarter report and confirm that to the best of their knowledge and belief there are no unfaithful facts, significant omissions or misleading statements.
All directors have personally attended the Board ofDirectors’ meeting for deliberating the quarter report.
Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr. Jiang Jianxun (Financial Director) assure the truthfulness, accuracy and completeness of the financial report in the quarter report.
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.II、Key financial data and shareholders changing
1. Key accounting data and financial data
Whether the Company makes retroactive adjustments or restates the accounting data of previous fiscal years.
□ Yes V No
||||||
|-|-|-|-|-|
||The end of the|The end of last year||More or less than|
||report period|||last year(%)|
||9,655,921,097|8,912,232,640|||
|Total assets (CNY)||||8.34%|
|Net Assets attributed to the|7,419,322,809|6,840,452,145|||
|shareholders of the listed||||8.46%|
|company (CNY)|||||
||The report period|More or less thanlast year(%)|From the beginning ofyear to the end of thereport 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|136,798,209|-15.02%|882,858,457||
|shareholders of the listed||||10.49%|
|company (CNY)|||||
|Net profit attributed to the|133,641,945|-16.19%|873,073,948||
|shareholders of the listed|||||
|||||10.61%|
|company after deducting the|||||
|irregular profit and loss (CNY)|||||
|Net cash flows from the|--|--|1,219,234,324||
|||||11.16%|
|operating activities (CNY)|||||
|Basic earnings per share|0.20|-13.04%|1.29||
|||||11.21%|
|(CNY)|||||
|Diluted earnings per share|0.20|-13.04%|1.29||
|||||11.21%|
|(CNY)|||||
|Weighted average for earning|1.79%|-0.61%|12.49%||
|||||0.55%|
|rate of the net assets|||||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. Details of non-recurring profit and loss
√available □not available
Unit：CNY
||||
|-|-|-|
||From beginning of year||
|Item||Explanation|
||to end of report period||
|Gain on disposal of non-current assets(including|||
||1,421|94,839|
|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,|11,218,301|13,451,971|
|in line with related regulations and have proper|||
|basis of calculation)|||
|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 the non-recurring profit and loss that the Company has defined by virtue of the Explanatory Announcement on PublicCompany’s Information Disclosure No.1 - Non-recurring Profit and Loss and as to regarding the non-recurring profit and loss as recurrent profit and loss as specified in the Explanatory Announcement on PublicCompany’s Information Disclosure No.1 - Non-recurring 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 PublicCompany’s Information Disclosure No.1 - Non-recurring Profit and Loss as recurrent profit and loss.
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. 2. The total number of the shareholders and top 10 shareholders at the end of the report period
1) The total number of common shareholders and top 10 common shareholders at the end of the report period
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
|Total number of common|35,368 including 19,937 A shareholders and||||||||
|shareholders at the end of the report|15,431 B shareholders||||||||
|period|||||||||
|The top 10 common shareholders|||||||||
||||||Numb||Pledged or||
||||||er of||frozen||
||Character of|Percentage|||restric||Shar||
|Name of Shareholders|||Shares held||||||
||shareholders|(%)|||ted||e|Amo|
||||||shares||statu|unt|
||||||||s||
|YANTAI CHANGYU GROUP CO. LTD.|Domesticnon-state-owned legalperson|50.40%|345,473,856||0||||
||||||||-|0|
|GAOLING FUND,L.P.|Foreignshareholder|3.11%|21,300,919||0||-||
|||||||||0|
|CHINA SECURITIES FINANCECORPORATION LIMITED|Domesticgeneral legalperson|2.33%|15,997,455||0||-||
|||||||||0|
|BBH BOS S/A FIDELITY FD - CHINAFOCUS FD|Foreignshareholder|2.27%|15,576,126||0||-||
|||||||||0|
|GREENWOODS CHINA ALPHA MASTERFUND|Foreignshareholder|1.26%|8,617,471||0||-||
|||||||||0|
|GOLDEN CHINA MASTER FUND|Foreignshareholder|1.08%|7,389,916||0||-||
|||||||||0|
|NORGES BANK|Foreignshareholder|0.83%|5,698,452||0||-||
|||||||||0|
|VALUE PARTNERS CHINA GREENCHIPFUND LTD|Foreignshareholder|0.74%|5,063,024||0||-||
|||||||||0|
|CENTRAL HUIJIN INVESTMENTCOMPANY LIMITED|Domesticgeneral legalperson|0.69%|4,761,200||0||-||
|||||||||0|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Foreignshareholder|0.68%|4,669,146||0||-||
|||||||||0|
|The top 10 common shareholders with unrestricted shares|||||||||
|Name of Shareholders||Number of||Type of share|||||
|||unrestricted||Type of||Amount|||
|||common sharesheld||share|||||
|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|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||||
|-|-|-|-|-|
|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|
||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||||
||relationship among the other shareholders is unknown.||||
|Explanation for the top10 common|||||
|shareholders with unrestricted|||||
||The top 10 Shareholders is not involved in financing activities||||
|shares who involved in financing|||||
||and stock trading business.||||
|activities and stock trading|||||
|business(if any)|||||

Whether or not theCompany’s top10 common shareholders and top 10 common shareholders with unrestricted shares promise to buy back trading during the report period
□ Yes√ No
There is no agreed to buy back trading by Company shareholders during the report period.
2) The total number of preferred shareholders and top 10 preferred shareholders at the end of the report period
□Available V Not available
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. III Major Issue
1. The Great Change and Reasons on Main Accountant Data and Financial Index
√available □not available
In consolidated financial statement, the great change and reasons on partial accountant data is as follows,
Compared the end of the report period with the beginning of the year, monetary capital
increases by53.50%, mainly due to the receivable of monetary capital in operation activity profit and bank loan; prepayment decreases by68.87%, mainly due to the reduction of prepaid raw material purchase amount; Interest receivable increases by89.17%, mainly due to the increase of the receivable interest on bank deposit; inventory decreases by22.83%, mainly because selling products makes the decrease of merchandise inventory and raw material; construction in process increases by33%, mainly due to the increase of the accumulative total investment inCompany’s project under construction; short-term loans increases by99.73%, mainly due to the increase of short loan borrowing from bank; notes receivable increases by40%, mainly due to the growth on payable bank acceptances; accounts payable decreases by34.99%, mainly due to decrease of payablesuppliers’ loan; interest payable increases by37.54%, mainly due to the growth on payable interest of bank loan; other account payable increases by25.51%, mainly due to the increase of account payable for contractor in the
investment project under construction and advertisement fees.
Compared January to September, 2015 with the same period of last year, financial expense increases by164.37%, mainly due to the decline of income on bank deposit interest and the increase of expenditure on bank loan interest; cash paid for other related to operation activity which increases by24.38%, mainly due to the growth of cash paid for marketing activities; cash received from borrowing increases by54.97%, mainly due to the growth on cash received from bank short loan; net increase amount of cash and cash equivalents increases by75.66%, mainly due to the growth on net cash flow generated by operation activities and financial activities.
Compared July to September, 2015 with the same 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 by3065.53%, mainly due to not only the increase in expected losses on the fluctuation of foreign currency loans interest rate and the expenditure of bank loan interest but also the decline in the income of bank loan interest.
2. Analysis explanation of the majorissue’s process, its influence and the solution
V Available□Not available
About75% equity of Dicot Partners S.L. in Spain acquired by the Company, related amount has been paid in the report period and delivery of assets have been completed.
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Major issue summary|Disclosure dates|Disclosure index of interim report|
|Acquisition of 75%equity of Dicot PartnersS.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 holding more than5% in the report period or until the report period
√available □not available
|||||||
|-|-|-|-|-|-|
|||||Comm||
||Commitment||Commitment||Implementa|
|Commitments||Commitment content||itment||
||Party||time||tion|
|||||period||
|Commitments at sharereform||||||
||-|－||-|-|
|Commitments made inacquisition report or equitychanges report||||||
||-|-||-|-|
|Commitments at assetrestructuring||||||
||-|-||-|-|
|Commitments at the initialpublic offering orrefinancing|Yantai|||||
|||Non Intra-industry|||In-process|
||Changyu||1997.05.18|Forever||
|||competition|||performed|
||Group Co, Ltd|||||
|||According to "Trademark||||
|||License Contract", the||||
|||Company will pay||||
|||trademark royalty for the||||
|||"Changyu"products of||||
||Yantai|||||
|||Yantai Changyu Group|||In-process|
||Changyu||1997.05.18|Forever||
|||Co., Ltd every year, Yantai|||performed|
||Group Co., Ltd|||||
|||Changyu Group Co., Ltd||||
|||will use trademark to||||
|||advertise Changyu||||
|||trademarks and the||||
|||Contract products.||||
|Commitments made to theminority shareholders ofthe Company||||||
||-|-||-|-|
|Commitment under timely||||||
||Yes|||||
|implementation or not||||||
|Specific reasons of not||||||
|completing the||||||
||No|||||
|implementation and the||||||
|next step||||||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. 4. Forecast on the operating performance in the year of 2015
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 explanation of holding other listed company equity situation
□Available V Not available
There is no other listed company equity holding during the report period.
7. The situation of Derivatives investment
□Available V Not available
There is no derivative investment during the report period.
8. The activities registration form of receptions, communication and interview etc. during the report period
□Available V Not available
There is no activities of receptions, communication and interview etc. 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 and its related parties
□Available V Not available
There are no non-business capitals occupying of listed company by controlling shareholder and its related parties during the report period.
2015 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. 2015.09.30 Unit: CNY
|||||
|-|-|-|-|
|Assets||At 30 September 2015|At 31 December 2014|
||Current assets：|||
||Monetary fund|1,758,101,356|1,145,365,071|
||Financial assets which are|||
||measured by fair value and|||
||which changes are recorded in|||
||current profit and loss|||
||Derivative financial liability|||
||Notes receivable|134,588,926|138,315,319|
||Account receivable|159,907,612|145,672,411|
||Advance money|2,513,130|8,073,786|
||Interest receivable|6,846,961|3,619,429|
||Dividend receivable|||
||Other account receivable|47,660,989|31,362,302|
||Inventories|1,610,791,807|2,087,376,398|
||Assets held for sale|||
||Non-current assets due within|||
||one year|||
||Other current assets|23,466,319|29,662,076|
||Total current assets|3,743,877,100|3,589,446,792|
||Non-current assets：|||
||Financial assets for sale|||
||Investment held to expiration|||
||Long-term account|||
||receivable|||
||Long-term equity investment|||
||Real estate for investment|||
||fixed assets|2,540,565,577|2,532,682,355|
||Construction in progress|2,261,599,127|1,700,466,500|
||Project material|0|0|
||Liquidation of fixed assets|||
||Biological assets for|181,556,004|151,723,241|
||production|||
||Oil and gas assets|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Intangible assets|||
|Development expenditure|||
|Goodwill|13,112,525|13,112,525|
|Long-term deferred expenses|207,521,904|201,911,605|
|Assets of deferred income tax|241,747,567|254,186,823|
|Other non-current assets|15,751,605|15,751,605|
|Total non-current assets|5,912,043,997|5,322,785,848|
|Total assets|9,655,921,097|8,912,232,640|
|Current liabilities:|||
|Short-term loan|599,201,414|300,000,000|
|Financial liabilities which|||
|are measured by fair value and|||
|which changes are recorded in|||
|current profit and loss|||
|Derivative financial liability|||
|Notes payable|14,000,000|10,000,000|
|Accounts payable|232,595,646|357,811,822|
|Advance money|191,496,711|215,127,598|
|Wage payable|135,617,207|158,948,592|
|Tax payable|18,573,559|87,504,048|
|Interest payable|4,780,463|3,475,641|
|dividend payable|||
|Other accounts payable|589,637,638|469,804,317|
|Liabilities held for sale|||
|Non-current liabilities due|||
|within one year|||
|Other current liabilities|12,398,718|12,398,718|
|Total current liabilities|1,798,301,356|1,615,070,736|
|Non-current liabilities：|||
|Long-term loan|196,369,600|209,380,000|
|Bond payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term accounts payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Deferred income|70,702,284|76,024,992|
|Liabilities of deferred|4,485,917|4,565,636|
|income tax|||
|Other non-current liabilities|3,998,352|3,998,352|
|Total non-current liabilities|275,556,153|293,968,980|
|Total liabilities|2,073,857,509|1,909,039,716|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Shareholder rights and|||
|interests：|||
|Share capital|685,464,000|685,464,000|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|563,139,042|563,139,042|
|Less: Inventory shares|||
|Other comprehensive Income|-5,186,904|-2,803,271|
|Reasonable reserve|||
|Surplus reserve|342,732,000|342,732,000|
|Provision of general risk|||
|Retained profit|5,833,174,671|5,251,920,374|
|Total owner’s equity attributable|7,419,322,809|6,840,452,145|
|to parent Company|||
|Minority interests|162,740,779|162,740,779|
|Total owner's equity|7,582,063,588|7,003,192,924|
|Total liabilities and owner's|9,655,921,097|8,912,232,640|
|equity|||

 Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.2)、Balance sheet of parent company
Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY
|||||
|-|-|-|-|
|Assets||At 30 September 2015|At 31 December 2014|
||Current assets：|||
||Monetary fund|708,578,664|496,138,263|
||Financial assets which are|||
||measured by fair value and|||
||which changes are recorded in|||
||current profit and loss|||
||Derivative financial liability|||
||Notes receivable|23,933,565|98,158,251|
||Account receivable|0|1,516,518|
||Advance money|883,984|1,710,787|
||Interest receivable|6,846,961|3,580,811|
||Dividend receivable|0|402,596,884|
||Other account receivable|4,723,500,885|4,708,836,276|
||Inventories|724,957,519|681,696,774|
||Assets held for sale|||
||Non-current assets due within|||
||one year|||
||Other current assets|17,610,141|14,996,807|
||Total current assets|6,206,311,719|6,409,231,371|
||Non-current assets：|||
||Financial assets for sale|||
||Investment held to expiration|||
||Long-term account|||
||receivable|||
||Long-term equity investment|1,093,087,027|1,093,437,027|
||Real estate for investment|||
||Fixed assets|377,395,816|403,210,655|
||Construction in progress|273,189|182,765|
||Project material|||
||Liquidation of fixed assets|||
||Biological assets for|104,848,354|83,631,722|
||production|||
||Oil and gas assets|||
||Intangible assets|74,976,314|76,760,678|
||Development expenditure|||
||Goodwill|||
||Long-term deferred expenses|||
||Assets of deferred income tax|18,877,285|27,053,571|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Other non-current assets|||
|Total non-current assets|1,669,457,985|1,684,276,418|
|Total assets|7,875,769,704|8,093,507,789|
|Current liabilities:|||
|Short-term loan|599,201,414|300,000,000|
|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|178,325,815|228,052,722|
|Advance money|||
|Wage payable|56,071,378|70,233,251|
|Tax payable|6,164,183|18,205,124|
|Interest payable|4,780,463|3,475,641|
|dividend payable|||
|Other accounts payable|688,079,921|1,030,604,819|
|Liabilities held for sale|||
|Non-current liabilities due|||
|within one year|||
|Other current liabilities|3,017,898|3,017,898|
|Total current liabilities|1,535,641,072|1,653,589,455|
|Non-current liabilities：|||
|Long-term loan|196,369,600|209,380,000|
|Bond payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term accounts payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Deferred income|20,271,221|22,747,915|
|Liabilities of deferred|||
|income tax|||
|Other non-current liabilities|1,895,828|1,895,828|
|Total non-current liabilities|218,536,649|234,023,743|
|Total liabilities|1,754,177,721|1,887,613,198|
|Shareholder rights and|||
|interests：|||
|Share capital|685,464,000|685,464,000|
|Other equity instrument|||
|Including: preferred stock|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Perpetual capital securities|||
|Capital public reserve|557,222,454|557,222,454|
|Less: Inventory shares|||
|Other comprehensive Income|||
|Reasonable reserve|||
|Surplus reserve|342,732,000|342,732,000|
|Provision of general risk|||
|Retained profit|4,536,173,529|4,620,476,137|
|Total owner's equity|6,121,591,983|6,205,894,591|
|Total liabilities and owner's|7,875,769,704|8,093,507,789|
|equity|||

 Legal representative: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.3)、Consolidated profit statement during the report period
Unit: CNY
||||
|-|-|-|
||Nine months ended 30 Sep|Nine months ended 30 Sep|
|Item|||
||2015|2014|
|1. Total business income|860,434,812|890,560,257|
|Including : Business income|860,434,812|890,560,257|
|2. Total business cost|682,081,799|680,635,306|
|Including：Business cost|||
||249,515,941|296,035,468|
|Business tax and associate charges|63,187,225|71,547,225|
|Sales expenses|297,952,014|268,432,892|
|Management expenses|58,080,802|45,069,753|
|Financial expenses|13,345,817|-450,032|
|Assets depreciation loss|||
|Add: fair value charge profit (loss is listed with "-")|||
|Investment profit (loss is listed with "-")|||
|Including: investment profit for joint-run business|||
|and joint venture|||
|3. Operating profit (loss is listed with "-")|178,353,013|209,924,951|
|Add: Non-operating income|4,924,080|4,663,088|
|Including: Disposal earnings of non-current asset|2,985|0|
|Less: non-operating expenditures|1,031,322|1,292,178|
|Including: non-current assets disposing loss|1,564|-10,897|
|4. Total profit (loss is listed with "-")|182,245,771|213,295,861|
|Less: income tax expenses|45,447,562|52,325,722|
|5. Net profit (net loss is listed with "-")|136,798,209|160,970,139|
|Net profit of parent company's owners|136,798,209|160,970,139|
|Minority shareholder profit and loss|||
|6. Net after-tax of other comprehensive income|1,761,358|-1,167,652|
|Net after-tax of other comprehensive income|||
||1,761,358|-1,167,652|
|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|||
||1,761,358|-1,167,652|
|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|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|of available-for-sale financial assets|||
|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|||
||1,761,358|-1,167,652|
|foreign currency financial statements|||
|6). Other|||
|Net after-tax of other comprehensive income|||
|attributable to minority shareholders|||
|7. Total comprehensive income|138,559,567|159,802,487|
|Total comprehensive income attributable to owners|||
||138,559,567|159,802,487|
|of parent Company|||
|Total comprehensive income attributable to minority|||
|shareholders|||
|8. Earnings per share:|||
|(i) Basic earnings per share|0.20|0.23|
|(ii) Diluted earnings per share|0.20|0.23|

 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: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.4)、Profit statement of parent company during the report period
Unit: CNY
||||
|-|-|-|
||Nine months ended 30 Sep|Nine months ended 30 Sep|
|Item|||
||2015|2014|
|1. Business income|291,897,847|416,385,311|
|Less： Business cost|241,514,316|334,343,258|
|Business tax and associate charges|29,809,401|45,932,704|
|Sales expenses|||
|Management expenses|19,080,677|25,710,512|
|Financial expenses|12,852,778|-2,436,611|
|Assets depreciation loss|||
|Add: fair value charge profit (loss is listed with "-|||
|")|||
|Investment profit (loss is listed with "-")|165,805,888|666,018,499|
|Including: investment profit for joint-run business|||
|and joint venture|||
|2. Operating profit (loss is listed with "-")|154,446,563|678,853,947|
|Add: non-operating income|1,010,174|1,599,689|
|Including: Disposal earnings of non-current asset|||
|Less: non-operating expenditures|241,565|619,379|
|Including: non-current assets disposing loss|||
|3. Total profit (loss is listed with "-")|155,215,172|679,834,257|
|Less: income tax expenses|-2,647,679|3,453,940|
|4. Net profit (net loss is listed with "-")|157,862,851|676,380,317|
|5. Net after-tax of other comprehensive income|||
|(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|||
|held-to-maturity investment as available-for-sale|||
|financial assets|||
|4). The effect hedging portion of gains or losses|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|arising from cash flow hedging instruments|||
|5). Translation differences arising on translation of|||
|foreign currency financial statements|||
|6). Other|||
|6. Total comprehensive income|157,862,851|676,380,317|
|7. Earnings per share:|||
|(i) Basic earnings per share|0.23|0.99|
|(ii) Diluted earnings per share|0.23|0.99|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.5)、Consolidated profit statement from the beginning of the year to the end of the report period
Unit: CNY
||||
|-|-|-|
||Nine months ended 30 Sep|Nine months ended 30 Sep|
|Item|||
||2015|2014|
|1. Total business income|3,686,228,062|3,192,550,505|
|Including : Business income|3,686,228,062|3,192,550,505|
|2. Total business cost|2,524,530,583|2,143,581,647|
|Including：Business cost|||
||1,182,038,684|1,050,337,854|
|Business tax and associate charges|203,798,313|203,984,038|
|Sales expenses|951,377,530|754,913,922|
|Management expenses|177,851,142|149,050,250|
|Financial expenses|9,464,914|-14,704,417|
|Assets depreciation loss|||
|Add: fair value charge profit (loss is listed with "-")|||
|Investment profit (loss is listed with "-")|||
|Including: investment profit for joint-run business|||
|and joint venture|||
|3. Operating profit (loss is listed with "-")|1,161,697,479|1,048,968,858|
|Add: Non-operating income|13,720,914|14,107,884|
|Including: Disposal earnings of non-current asset|2,985|0|
|Less: non-operating expenditures|1,385,273|1,497,694|
|Including: non-current assets disposing loss|1,564|0|
|4. Total profit (loss is listed with "-")|1,174,033,120|1,061,579,048|
|Less: income tax expenses|291,174,663|262,567,598|
|5. Net profit (net loss is listed with "-")|882,858,457|799,011,450|
|Net profit of parent company's owners|882,858,457|799,011,450|
|Minority shareholder profit and loss|||
|6. Net after-tax of other comprehensive income|-2,383,633|-1,437,255|
|Net after-tax of other comprehensive income|||
||-2,383,633|-1,437,255|
|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|||
||-2,383,633|-1,437,255|
|be reclassified subsequently to profit or loss|||
|1). Share of the other comprehensive income of the|||
|investee accounted for using equity method which|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|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|||
|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|||
||-2,383,633|-1,437,255|
|foreign currency financial statements|||
|6). Other|||
|Net after-tax of other comprehensive income|||
|attributable to minority shareholders|||
|7. Total comprehensive income|880,474,824|797,574,195|
|Total comprehensive income attributable to owners|||
||880,474,824|797,574,195|
|of parent Company|||
|Total comprehensive income attributable to minority|||
|shareholders|||
|8. Earnings per share:|||
|(i) Basic earnings per share|1.29|1.16|
|(ii) Diluted earnings per share|1.29|1.16|

 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: Sun Liqiang Person in charge of accounting : Leng Bin Person in charge of accounting organ: Jiang Jianxun
2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.6)、Profit statement of parent company from the beginning of the year to the end of the report period Unit: CNY
||||
|-|-|-|
||Nine months ended 30 Sep|Nine months ended 30 Sep|
|Item|||
||2015|2014|
|1. Business income|980,951,076|1,106,282,590|
|Less： Business cost|||
||789,900,152|900,088,247|
|Business tax and associate charges|105,768,887|121,671,047|
|Sales expenses|||
|Management expenses|76,796,243|75,668,879|
|Financial expenses|5,811,231|-12,845,994|
|Assets depreciation loss|||
|Add: fair value charge profit (loss is listed with "-|||
|")|||
|Investment profit (loss is listed with "-")|212,576,174|731,492,782|
|Including: investment profit for joint-run business|||
|and joint venture|||
|2. Operating profit (loss is listed with "-")|215,250,737|753,193,193|
|Add: non-operating income|4,168,595|3,753,448|
|Including: Disposal earnings of non-current asset|||
|Less: non-operating expenditures|542,654|619,379|
|Including: non-current assets disposing loss|||
|3. Total profit (loss is listed with "-")|218,876,678|756,327,262|
|Less: income tax expenses|1,575,126|6,208,620|
|4. Net profit (net loss is listed with "-")|217,301,552|750,118,642|
|5. Net after-tax of other comprehensive income|||
|(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|||
|held-to-maturity investment as available-for-sale|||

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|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|||
|6. Total comprehensive income|217,301,552|750,118,642|
|7. Earnings per share:|||
|(i) Basic earnings per share|0.32|0.11|
|(ii) Diluted earnings per share|0.32|0.11|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.7)、Consolidated cash flow statement from the beginning of the year to the end of the report period Unit: CNY
||||
|-|-|-|
||Nine months ended 30|Nine months ended|
|Item|||
||September 2015|30 September 2014|
|1. Cash flows from operating activities:|||
|Cash received from sales of goods and rending of services|3,686,172,658|3,488,176,932|
|Tax refund received||2,300,000|
|Other cash received related to operating activities|13,703,183|19,977,917|
|Subtotal of cash flows of operating activities|3,699,875,841|3,510,454,849|
|Cash paid for goods and services|562,603,094|610,813,461|
|Cash paid to and on behalf of employees|275,218,502|259,145,333|
|Cash paid for taxes and expenses|1,036,869,330|1,056,511,881|
|Other cash paid related to operating activities|605,950,591|487,190,069|
|Sub-total of cash outflows of operating activities|2,480,641,517|2,413,660,744|
|Net cash flow from operating activities|1,219,234,324|1,096,794,105|
|2. Cash flow from investing activities:|||
|Cash received from return of investment|||
|Fixed deposit with the term of over 3 months|37,245,259|275,392,728|
|Cash received from obtaining investment profit|1,091,331|8,360,995|
|Net cash received from disposal of fixed assets, intangible|||
||30,300|100|
|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|38,366,890|283,753,823|
|Cash paid to acquire fixed assets, intangible assets and|||
||572,289,511|676,609,445|
|other long-term assets|||
|Cash paid to buy fixed deposit with the term of over 3|||
||11,000,000|77,247,483|
|months|||
|Cash for investment|||
||500,000||
|Net cash paid to acquire branch and other business unit|||
|Other cash paid related to investment activities|||
|Subtotal of cash outflows of investment activities|583,789,511|753,856,928|
|Net cash flow from investing activities|-545,422,621|-470,103,105|
|3. Cash flow from financing activities|||
|Cash received from acquiring investment|||
|Including: cash received from acquiring minority shareholders|||
|investment by subsidiary|||
|Cash received from acquiring loans|498,979,200|321,993,680|
|Other cash received related to financing activities|||
|||129,182,292|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Subtotal cash flows of financing activities|498,979,200|451,175,972|
|Cash paid to pay debts|219,273,330|242,219,439|
|Cash paid to distribute dividend, profit or pay interest|316,787,365|348,206,212|
|Including: dividend and profit paid to minority|||
|shareholders by subsidiary|||
|Other cash paid related to financing activities||125,000,000|
|Subtotal of cash outflows of financing activities|536,060,695|715,425,651|
|Net cash flow from financing activities|-37,081,495|-264,249,679|
|4. Influences of exchange rate fluctuation on cash and cash|||
||-1,746,180|-955,861|
|equivalents|||
|5. Net Increase in cash and cash equivalents|634,984,028|361,485,460|
|Add: balance at the beginning of the period of cash and cash|||
||960,472,274|956,558,932|
|equivalents|||
|6.Balance at the end of the period of cash and cash equivalents|1,595,456,302|1,318,044,392|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.8)、Cash flow statement of parent company from the beginning of the year to the end of the report period Unit: CNY
||||
|-|-|-|
||Nine months ended 30|Nine months ended|
|Item|||
||September 2015|30 September 2014|
|1. Cash flows from operating activities:|||
|Cash received from sales of goods and rending of services|746,119,787|824,436,981|
|Tax refund received|||
|Other cash received related to operating activities|1,649,471|8,435,432|
|Subtotal of cash flows of operating activities|747,769,258|832,872,413|
|Cash paid for goods and services|355,658,742|351,039,198|
|Cash paid to and on behalf of employees|110,941,633|88,087,059|
|Cash paid for taxes and expenses|147,646,342|204,621,077|
|Other cash paid related to operating activities|376,478,651|1,375,496,249|
|Sub-total of cash outflows of operating activities|990,725,368|2,019,243,583|
|Net cash flow from operating activities|-242,956,110|-1,186,371,170|
|2. Cash flow from investing activities:|||
|Cash received from return of investment|350,000||
|Withdraw of fixed deposit with the term of over 3 months|37,245,259|275,392,728|
|Cash received from obtaining investment profit|519,194,784|1,492,449,661|
|Cash received from interest income|||
|Net cash received from disposal of fixed assets, intangible|||
||30,200|121,997|
|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|556,820,243|1,767,964,386|
|Cash paid to acquire fixed assets, intangible assets and|||
||26,594,493|33,910,855|
|other long-term assets|||
|Cash paid for buying fixed deposit with the term of over 3|||
||11,000,000|51,547,483|
|months|||
|Cash for investment|500,000||
|Net cash paid to acquire branch and other business unit|||
|Other cash paid related to investment activities|||
|Subtotal of cash outflows of investment activities|38,094,493|85,458,338|
|Net cash flow from investing activities|518,725,750|1,682,506,048|
|3. Cash flow from financing activities|||
|Cash received from acquiring investment|||
|Including: cash received from acquiring minority shareholders|||
|investment by branch|||
|Cash received from acquiring loans|498,979,200|321,993,680|
|Other cash received related to financing activities||129,182,292|
|Subtotal cash flows of financing activities|498,979,200|451,175,972|

2015 the Third Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd.
||||
|-|-|-|
|Cash paid to pay debts|219,273,330|242,219,439|
|Cash paid to distribute dividend, profit or pay interest|316,787,365|348,206,212|
|Including: dividend and profit paid to minority|||
|shareholders by branch|||
|Other cash paid related to financing activities||125,000,000|
|Subtotal of cash outflows of financing activities|536,060,695|715,425,651|
|Net cash flow from financing activities|-37,081,495|-264,249,679|
|4. Influences of exchange rate fluctuation on cash and cash|||
|equivalents|||
|5. Net Increase in cash and cash equivalents|238,688,145|231,885,199|
|Add: balance at the beginning of the period of cash and cash|||
||333,245,466|197,150,989|
|equivalents|||
|6.Balance at the end of the period of cash and cash equivalents|571,933,611|429,036,188|

 2. Audit report
Whether the third quarter report has been audited.
□Yes √No
The
3rd
quarter report has not been audited.
Yantai Changyu Pioneer Wine Co. Ltd. Board of Directors 28th
October 2015