2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd. Stock Code:000869,200869 Stock Abbreviation: Changyu A, Changyu B Announcement Number:2014-Ding Zheng 03 Yantai Changyu Pioneer Wine Co. Ltd.
2014 Third Quarter Report Text
Oct 2014
2014 the Third Quarter Report Text 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.
2014 the Third Quarter Report Text 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 last year||More or less than|
||The end of the report||||
||period||||
|||||last year(%)|
|Total assets (CNY)|8,676,987,100.00|8,001,532,444.00||8.44%|
|Net Assets attributed to the|6,663,123,798.00|6,208,279,705.00|||
|shareholders of the listed company||||7.33%|
|(CNY)|||||
||The report period|More or less thanlast year(%)|From the beginning of theyear to the end of the reportperiod|More or less than|
|Item|||||
|||||last year(%)|
|Business income (CNY)|890,560,257.00|10.06%|3,192,550,505.00|-4.66%|
|Net profit attributed to the|160,970,139.00|25.55%|799,011,450.00||
|shareholders of the listed company||||-8.03%|
|(CNY)|||||
|Net profit attributed to the|159,460,320.00|27.37%|789,361,175.00||
|shareholders of the listed company|||||
|||||-8.42%|
|after deducting the irregular profit and|||||
|loss (CNY)|||||
|Net cash flows from the operating|--|--|1,096,794,105.00||
|||||66.89%|
|activities (CNY)|||||

2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
||||||
|-|-|-|-|-|
|Basic earnings per share (CNY)|0.23|21.05%|1.17|-7.87%|
|Diluted earnings per share (CNY)|0.23|21.05%|1.17|-7.87%|
|Weighted average for earning rate of|2.40%|0.38%|11.94%||
|||||-1.79%|
|the net assets|||||

2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd. Details of non-recurring profit and loss
√available □not available
Unit：CNY
||||
|-|-|-|
||From beginning of the||
|Item|year to end of report|Explanation|
||period||
|Gain on disposal of non-current assets, including the|||
||94,839.00||
|reversal of accrued impairment provision|||
|Government grants credited in profit and loss (except|||
|for those recurring government grants that are closely|||
||13,451,971.00||
|related to the entity's operation, in line with related|||
|regulations and have proper basis of calculation)|||
|Other non-operating income and expenses|-936,620.00||
|Less: Income tax effect|2,959,915.00||
|Total|9,650,275.00|--|

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.
2014 the Third Quarter Report Text 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|44881, including||||||
|shareholders at the end of the|||||||
|report period|A shareholder 30,096 and B shareholder 14,785||||||
|The top 10 common shareholders|||||||
|||||Number|Pledged or||
|||Percentage||of|frozen||
||Character of||||||
|Name of Shareholders|||Shares held|restricted|||
||shareholders||||||
|||(%)||shares|Share||
|||||||Amount|
||||||status||
|YANTAI CHANGYU GROUPCO. LTD.|Domesticnon-state-owned legalperson|50.40%|345,473,856|0|||
|||||||0|
|GAOLING FUND,L.P.|Foreignshareholder|3.53%|24,176,997|0|||
|||||||0|
|BBH BOS S/A FIDELITY FD -CHINA FOCUS FD|Foreignshareholder|2.35%|16,106,326|0|||
|||||||0|
|GIC PRIVATE LIMITED|Foreignshareholder|1.69%|11,591,884|0|||
|||||||0|
|BOCOM SCHROEDERGROWTH STOCK SECURITIESINVESTMENT FUND|Domesticnon-state-owned legalperson|1.17%|8,009,270|0|||
|VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS|Foreignshareholder|0.62%|4,280,146|0|||
|||||||0|
|NORGES BANK|Foreignshareholder|0.61%|4,171,564|0|||
|||||||0|
|FIDELITY FUNDS|Foreignshareholder|0.58%|3,997,933|0|||
|||||||0|
|BBH A/C VANGUARDEMERGING MARKETS STOCKINDEX FUND|Foreignshareholder|0.57%|3,903,287|0|||
|||||||0|
|FIDELITY CHINA SPECIALSITUATIONS PLC|Foreignshareholder|0.55%|3,779,202|0|||
|||||||0|

2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
||||||
|-|-|-|-|-|
|The top 10 common shareholders with unrestricted shares|||||
|Name of Shareholders||Number of|Type of share||
|||unrestricted|||
|||common|Type of|Amount|
|||shares held|share||
|YANTAI CHANGYU GROUP CO. LTD.||345,473,856|A share|345,473,856|
|GAOLING FUND,L.P.||24,176,997|B share|24,176,997|
|BBH BOS S/A FIDELITY FD - CHINA FOCUSFD||16,106,326|B share||
|||||16,106,326|
|GIC PRIVATE LIMITED||11,591,884|B share|11,591,884|
|BOCOM SCHROEDER GROWTH STOCKSECURITIES INVESTMENT FUND||8,009,270|A share||
|||||8,009,270|
|VALUE PARTNERS HIGH-DIVIDENDSTOCKS FUNDS||4,280,146|B share||
|||||4,280,146|
|NORGES BANK||4,171,564|B share|4,171,564|
|FIDELITY FUNDS||3,997,933|B share|3,997,933|
|BBH A/C VANGUARD EMERGING MARKETSSTOCK INDEX FUND||3,903,287|B share||
|||||3,903,287|
|FIDELITY CHINA SPECIAL SITUATIONS PLC||3,779,202|B share|3,779,202|
||Among the top 10 shareholders, Yantai Changyu Group||||
|The explanation for the|||||
||Company Limited has no associated relationship or accordant||||
|associated relationship and|action relationship with the other 9 listed shareholders, and the||||
|accordant action|relationship among the other shareholders is unknown.||||
|Explanation for the top10|||||
|common shareholders with|||||
||The top 10 Shareholders is not involved in financing activities||||
|unrestricted shares who|||||
||and stock trading business.||||
|involved in financing|||||
|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.
2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
2) The total number of preferred shareholders and top 10 preferred shareholders at the end of
the report period
□Available V Not available
2014 the Third Quarter Report Text 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
Compared the end of the report period with the beginning of the year, notes receivable of the Company increases by179.30%, mainly due to the growth on bank acceptances,
prepayment decreases by46.43% , mainly due to the reduction of prepaid material
purchase amount, interest receivable declines by69.90%, mainly due to decrease of
receivable interest on bank fixed deposit, construction in process increases by33.80%,
mainly due to the increase of the accumulative total investment inCompany’s project
under construction, accounts payable increases by31.55%,mainly due to increase of
payablesuppliers’ payment for goods, deposit received increases by63.57%, mainly due to the growth of advances on sales.
From January to September 2014, the Company received other cash related to operating
activities which decreased by67.40% compared with the same period of last year, mainly due to receiving the decline of bank deposit andagencies’ cash deposit, cash paid for
goods and services decreased by30.18% compared with the same period of last year,
mainly due to decline payment for purchasing raw material, net amount of cash flow from operating activities increased by66.89%, mainly due to the effective control of cost and
expenses, the decline on cash outflows of operating activities.
From July to September 2014, the company strongly promoted theproducts’ distribution, enforce the control of cost and expenses, so that operating revenue increased by10.06%
compared by the same periods of last year, sales expenses decreased by5.98%, net profit
attributed to parentcompany’s shareholders increased by25.55% compared with the
same periods of last year.
2. Analysis explanation of the majorissue’s process, its influence and the
solution
□Available V Not available
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
|||||||
|-|-|-|-|-|-|
||Commitment|Commitment|Commitment|Commitment||
|Commitments|||||Implementation|
||Party|content|time|period||
|Commitmentsat share reform|||||has been|
|||－||||
||-||2006.03.11|3 years||
||||||fulfilled|
|Commitmentsmade inacquisitionreport or equitychanges report||||||
||-|-||-|-|

2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
|||||||
|-|-|-|-|-|-|
|Commitmentsat assetrestructuring||||||
||-|-||-|-|
|Commitmentsat the initialpublic offeringor refinancing||According to||||
|||"Trademark||||
|||License Contract",||||
|||the Company will||||
|||pay trademark||||
|||royalty for the||||
||Yantai|"Changyu"products||||
||Changyu|of Yantai Changyu|||In-process|
||||1997.05.18|Forever||
||Group Co.,|Group Co., Ltd|||performed|
||Ltd|every year, Yantai||||
|||Changyu Group||||
|||Co., Ltd will use||||
|||trademark to||||
|||advertise Changyu||||
|||trademarks and the||||
|||Contract products.||||
||Yantai|||||
||Changyu|Non Intra-industry|||Has been|
||||1997.05.18|Forever||
||Group Co,|competition|||performed|
||Ltd|||||
|Commitmentsmade to theminorityshareholders ofthe Company||||||
||-|-||-|-|
|Commitment||||||
|under timely||||||
||Yes|||||
|implementation||||||
|or not||||||
|Specific||||||
|reasons of not||||||
|completing the||||||
||No|||||
|implementation||||||
|and the next||||||
|step||||||

4. Forecast on the operating performance in the year of 2014
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
2014 the Third Quarter Report Text of Yantai Changyu Pioneer Wine Co. Ltd.
There is no security investment during the report period.
Explanation for the situation of holding other listedcompany’s shareholding.
6. The situation of derivatives investment
□Available V Not available
There is no security investment during the report period.
7. The activities registration form of receptions, communication and interview etc. during the report period
V Available□Not available
|||||||
|-|-|-|-|-|-|
||||||Main discussed|
||||Type of|||
|Reception|Reception|Reception|||contents and the|
||||reception|Reception object||
|time|place|way|||information|
||||object|||
||||||provided|
|||||Wang Jiandong from Sunshine|current business|
|||||insurance group Sunshine asset||
||Meeting||||operation|
|||Field||management co., Ltd., Jia||
|2014.09.19|room of the||Institution|||
|||survey||Tingting from Danshuiquan||
||Company||||situation and|
|||||(Beijing) investment management||
|||||Co., Ltd.|other issues|

 8. Effect of new issued or revised accounting standard on the consolidated balance sheet of the Company
□Available V Not available
Yantai Changyu Pioneer Wine Co. Ltd. Board of Directors 30th October 2014