2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd. Yantai Changyu Pioneer Wine Co. Ltd.
2017 Third Quarter Report
2017-Final04
October, 2017
2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.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 report and confirm that to the best of their knowledge and belief there are no unfaithful facts, significant omissions or misleadingstatements.
All directors attended the meetingfordeliberating thisquarter 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 intheannual report.
2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.II、Key
financial data and shareholders changing
1. Key financial data
Whether theCompany needs tomake retroactiveadjustments orrestates theaccounting dataof previous fiscal years
□YesNo
||||||||
|-|-|-|-|-|-|-|
||Theendof thereportperiod||Theendof lastyear||More orless thanlast year(%)||
|Total assets (CNY)|12,096,803,825||11,528,077,971||4.93%||
|Net Assets attributed to theshareholders ofthe listedcompany (CNY)|8,690,391,034||8,209,010,989||5.86%||
||The report period|Moreor lessthanlast year||From thebeginningofyear totheendofthereport period||Moreorlessthanlast year|
|Business income (CNY)|1,030,899,920|2%||3,797,998,117||0.91%|
|Net profit attributed totheshareholders ofthe listedcompany (CNY)|146,115,408|12.61%||816,184,462||-1.04%|
|Net profit attributed totheshareholders ofthe listedcompany after deducting theirregular profit and loss (CNY)|138,825,432|12.86%||790,473,838||-1.37%|
|Net cash flows from theoperatingactivities (CNY)|--|--||806,627,830||-18.61%|
|Basicearnings pershare (CNY)|0.21|10.53%||1.19||-0.83%|
|Diluted earnings per share(CNY)|0.21|10.53%||1.19||-0.83%|
|Weighted average for earningrate ofthenet assets|1.68%|0.08%||9.56%||-0.03%|

Item and amount ofirregular profit and loss
Available□Not available
Unit：CNY
||||
|-|-|-|
|Item|From beginningof year toend of report period|Explanation|
|Gain ondisposal ofnon-current assets, including thereversal of accrued impairment provision|-773,087||
|Tax return, deduction and exemptionwithunauthorized approval ornoofficial document ofapproval|17,764,950||
|Government subsidies recorded in current profit andloss (except the government subsidies that closelyrelated to enterprise business and enjoyed by rationingorquantifying according to uniform Nation Standard|12,044,794||
|Othernon-operating income and expenses|4,722,476||
|Less: Income taxeffect|8,048,509||
|Total|25,710,624|--|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd. The reasons shall be made clear and definitely as to the irregular profit and loss that the Company has defined by virtue of the Explanatory Announcement on PublicCompany’s Information Disclosure No.1 - Irregular Profit and Loss and as to regarding the irregular profit and loss as recurrent profit and loss as specified in the Explanatory Announcement on PublicCompany’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 the Explanatory Announcement on PublicCompany’s Information Disclosure No.1 - Non-recurring Profit and Loss as recurrent profit and loss.
2. Thetotal number ofshareholders and top 10shareholders attheend ofthe report period 1) Thenumber ofthe common shareholders andpreferred shareholders with recovered voting poweras well as the shareholding oftop 10shareholders
Unit:share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total numberof common shareholdersat theendof report period||48,049||Total numberof preferredshareholders with recoveredvoting power at theendofreportperiod||||0||
|Thetop 10common shareholders||||||||||
|Name ofShareholders|Character ofshareholders||Percentage(%)||Shares held|Numberofrestrictedshares|Pledged orfrozen|||
||||||||Sharestatus||Amount|
|YANTAICHANGYUGROUPCOMPANYLIMITED|Domesticnon-state-ownedlegal person||50.40%||345,473,856|0|||0|
|GAOLINGFUND,L.P.|Foreign legalperson||3.11%||21,300,919|0|||0|
|CHINASECURITIESFINANCE CORP|State-ownedlegal person||2.32%||15,924,155|0|||0|
|BBHBOSS/AFIDELITYFD-CHINAFOCUSFD|Foreign legalperson||2.22%||15,241,826|0|||0|
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|Foreign legalperson||0.95%||6,531,520|0|||0|
|FIDELITY PURITANTRUST:FIDELITY SERIESINTRINSICOPPORTUNITIES FUND|Foreign legalperson||0.88%||6,000,851|0|||0|
|CENTRAL HUIJIN ASSETMANAGEMENT LTD.|State-ownedlegal person||0.69%||4,761,200|0|||0|
|BBHA/C VANGUARDEMERGINGMARKETSSTOCKINDEX FUND|Foreign legalperson||0.55%||3,788,487|0|||0|
|FIDELITY CHINASPECIALSITUATIONS PLC|Foreign legalperson||0.55%||3,779,202|0|||0|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|NORGES BANK|Foreign legalperson||0.52%||3,558,797||0||0|
|Thetop 10common shareholders with unrestricted shares||||||||||
|Name ofShareholders||||Number ofunrestrictedshares held||Typeof share||||
|||||||Type ofshare||Amount||
|YANTAI CHANGYU GROUP COMPANYLIMITED||||345,473,856||Ashare||345,473,856||
|GAOLINGFUND,L.P.||||21,300,919||B share||21,300,919||
|CHINASECURITIES FINANCE CORP||||15,924,155||Ashare||15,924,155||
|BBHBOS S/AFIDELITY FD - CHINAFOCUS FD||||15,241,826||B share||15,241,826||
|GUOTAI JUNAN SECURITIES(HONGKONG)LIMITED||||6,531,520||B share||6,531,520||
|FIDELITY PURITAN TRUST:FIDELITY SERIESINTRINSIC OPPORTUNITIES FUND||||6,000,851||B share||6,000,851||
|CENTRAL HUIJIN ASSET MANAGEMENT LTD.||||4,761,200||Ashare||4,761,200||
|BBHA/C VANGUARDEMERGING MARKETSSTOCKINDEX FUND||||3,788,487||B share||3,788,487||
|FIDELITY CHINASPECIAL SITUATIONS PLC||||3,779,202||B share||3,779,202||
|NORGES BANK||||3,558,797||B share||3,558,797||
|Theexplanation fortheassociatedrelationship and accordant action ofthetop 10shareholders||Among thetop 10shareholders, Yantai Changyu GroupCompany Limited has noassociated relationship oraccordantaction relationship with theother 9listedshareholders, and therelationship amongtheother shareholders is unknown.||||||||
|Explanation for thetop 10commonshareholders who involved infinancing activities and stocktrading business(ifany)||No||||||||

Whether or not theCompany’s top 10 common shareholders and top 10 common shareholders with unrestricted shares promiseto buyback trading during the report period
□YesNo
There are no top 10 common shareholders and top 10 common shareholders with unrestricted shares in theCompany promiseto buyback trading during thereport period.
2) Thetotal number ofthe preferred shareholders andtop 10preferred shareholders atthe end ofthe report period
□AvailableNot available
2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd. III Major Issue
1. Thegreat changeandreasons onkey financial data andfinancialindex
Available□Not available
Compared the end of the report period with the beginning of the year, interest receivable increased by1255.85%, mainly due to increase in interest receivable of bank deposit; account receivable increased by30.46%, mainly due to increase in goods payment receivable owed by clients; other account receivable increased by72.39%, mainly due to increase in account receivable of VAT refund; other current assets increased by80.17%, mainly due to increase in VAT to be deducted; construction in process increased by24.28%, mainly due to increase in accumulated investment amount of theCompany’s investment projects under construction; intangible assets increased by28.68%, mainly owing that acquired Indomita Wine Company Chile, SpA was included in the consolidated statement; deposit received decreased by41.57%, mainly due to decrease in client payment for goods; other payables increased by34.88%, mainly due to increase in payable advertising expense; long- term loan increasedby248.73%, mainly dueto increasein long-term loan obtained from thebank.
Compared from January to September of 2017 with the same period last year, non-business income decreased by82.98%, mainly owing that government subsidy was adjusted from non-business income to other income according to new accounting standard; non-operating expenditures increased by82.43%, mainly due to loss from disposing non-current assets; translation differences arising on translation of foreign currency financial statements increased by947.96%, mainly due to influence of foreign currency upvaluation when statement of overseas enterprise was converted to CNY statement; tax refund received in the cash flow statement increased by215.29%, mainly due to increase in VAT refunds received by Indomita Wine Company Chile, SpA; other cash received related to operating activities increased by53.79%, mainly due to increase in government subsidy; net cash paid to acquire branch and other business unit increased by40372.19%, mainly due to payment of investment amount fortheacquisition of IndomitaWineCompany Chile,SpA.
2. Analysisexplanationof themajorissue’s process, its influenceandthe solution
□AvailableNot available
3. Thecommitments thattheCompany’s actual controllers,shareholders, related parties, purchasers,theCompany or other commitmentparties donotcomplete up performingduring thereport period
2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.Available□Not available
||||||||
|-|-|-|-|-|-|-|
|Commitments|CommitmentParty|CommitmentType|CommitmentContent|CommitmentTime|CommitmentPeriod|Implementation|
|Commitments at share reform|-||－||||
|Commitments madeinacquisition reportorequity changes report|-||-||-|-|
|Commitments at asset restructuring|-||-||-|-|
|Commitments at theinitial publicoffering orrefinancing|Yantai ChangyuGroup Co.,Ltd|Solvehorizontalcompetition|Non-horizontalcompetition|1997.05.18|Permanent|Has beenperformed|
||Yantai ChangyuGroup Co.,Ltd|Defining theuses oftrademark usefee|According to"TrademarkLicenseContract", theCompany willpay trademarkroyalty forthe"Changyu"products ofYantaiChangyu GroupCo., Ltdeveryyear, YantaiChangyu GroupCo., Ltdwill usetrademark toadvertiseChangyutrademarks andtheContractproducts.|1997.05.18|Permanent|Has beenperformed|
|Equity incentivecommitments|-|-|||||
|Commitments madetotheminorityshareholders of theCompany|-|-|-||-|-|
|Commitment under timelyimplementation ornot|Yes||||||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
|||
|-|-|
|For commitmentsthat exceed thetimelimitand are not completed, specificreasons ofnot completing theimplementation and the nextstep|No|

4. Forecast on theoperating performance in 2017
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 ofthenextreport period orthegreat change comparing withsame period oflast year.
□AvailableNot available
5. Thesituationofsecurity investment
□AvailableNot available
There is nosecurity investment during thereport period.
6. Thesituationofderivative investment
□AvailableNot available
There is noderivative investmentduring the report period.
7.Theactivities registration formofreception investigation,communication andinterview etc. during thereport period
□AvailableNot available
There are noactivities ofreception investigation,communication and interviewetc. during thereport period.
8.Thesituationofillegalexternal guarantee
□AvailableNot available
There is noillegal external guarantee during thereport period.
9.Thesituationofnon-operating fundoccupation ofcontrolling shareholders andrelatedparties
2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.□AvailableNot available
There is nonon-operating fund occupation of controlling shareholders and related parties during thereport period.
10.Thesituationofcarrying outsocial responsibility ofprecise poverty
There is nocarried out precisepoverty andnoplan for subsequent precisepoverty during thethird quarter report period.
2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.Ⅳ
Financial Statements
1.、Financial statements
1)、Consolidatedbalancesheet
YantaiChangyuPioneerWineCo.Ltd. 2017.09.30 Unit:CNY
||||
|-|-|-|
|Assets|At30September 2017|At31December2016|
|Currentassets：|||
|Monetaryfund|1,392,937,947|1,391,517,607|
|Financialassetswhicharemeasuredbyfairvalueandwhichchangesarerecordedincurrentprofitandloss|||
|Derivativefinancialliability|||
|Notesreceivable|230,591,154|210,470,027|
|Accountreceivable|225,773,801|173,062,628|
|Advancemoney|2,488,381|2,175,606|
|Interestreceivable|328,116|24,200|
|Dividendreceivable|||
|Otheraccountreceivable|32,548,649|18,880,800|
|Inventories|2,125,888,282|2,248,609,740|
|Assetsheldforsale|2,000,197|2,000,197|
|Non-currentassetsduewithinoneyear|||
|Othercurrentassets|305,435,090|169,522,242|
|Totalcurrentassets|4,317,991,617|4,216,263,047|
|Non-currentassets：|||
|Financialassetsforsale|469,398|340,263|
|Investmentheldtoexpiration|||
|Long-termaccountreceivable|||
|Long-termequityinvestment|||
|Realestateforinvestment|||
|Fixedassets|4,708,631,879|4,683,187,493|
|Constructioninprogress|1,673,108,810|1,346,281,737|
|Projectmaterial|||
|Liquidationoffixedassets|||
|Biologicalassetsforproduction|195,565,320|201,428,980|
|Oilandgasassets|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Intangibleassets|||
|Developmentexpenditure|||
|Goodwill|127,874,558|121,265,866|
|Long-termdeferredexpenses|154,900,467|162,206,229|
|Assetsofdeferredincometax|277,963,327|295,937,037|
|Othernon-currentassets|17,710,248|17,352,239|
|Totalnon-currentassets|7,778,812,208|7,311,814,924|
|Totalassets|12,096,803,825|11,528,077,971|
|Currentliabilities:|||
|Short-termloan|805,442,640|662,388,882|
|Financial liabilities whicharemeasuredbyfairvalueandwhichchangesarerecordedincurrentprofitandloss|||
|Derivativefinancialliability|||
|Notespayable|0|38,900,000|
|Accountspayable|435,417,099|545,231,319|
|Advancemoney|248,484,214|425,246,421|
|Wagepayable|164,172,174|206,431,734|
|Taxpayable|91,997,181|144,042,600|
|Interestpayable|0|563,613|
|dividendpayable|703,430||
|Otheraccountspayable|736,871,609|546,305,310|
|Liabilitiesheldforsale|||
|Non-currentliabilitiesduewithinoneyear|101,017,445|71,799,093|
|Othercurrentliabilities|9,876,053|11,163,883|
|Totalcurrentliabilities|2,593,981,845|2,652,072,855|
|Non-currentliabilities：|||
|Long-termloan|171,369,837|49,140,555|
|Bondpayable|||
|Including:preferredstock|||
|Perpetualcapitalsecurities|||
|Long-termaccountspayable|269,000,000|293,000,000|
|Long-termwagespayable|||
|Specialaccountspayable|||
|Deferredincome|95,528,608|101,775,243|
|Liabilitiesofdeferredincometax|27,945,572|24,908,410|
|Othernon-currentliabilities|7,696,222|7,696,222|
|Totalnon-currentliabilities|571,540,239|476,520,430|
|Totalliabilities|3,165,522,084|3,128,593,285|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Shareholderrightsandinterests：|||
|Sharecapital|685,464,000|685,464,000|
|Otherequityinstrument|||
|Including:preferredstock|||
|Perpetualcapitalsecurities|||
|Capitalpublicreserve|565,955,441|565,955,441|
|Less:Inventoryshares|||
|OthercomprehensiveIncome|2,668,569|-5,259,014|
|Reasonablereserve|||
|Surplusreserve|342,732,000|342,732,000|
|Provisionofgeneralrisk|||
|Retainedprofit|7,093,571,024|6,620,118,562|
|Totalowner’sequityattributabletoparentCompany|8,690,391,034|8,209,010,989|
|Minorityinterests|240,890,707|190,473,697|
|Totalowner'sequity|8,931,281,741|8,399,484,686|
|Total liabilitiesandowner'sequity|12,096,803,825|11,528,077,971|

Legalrepresentative:SunLiqiang Personinchargeofaccounting:LengBinPersoninchargeofaccountingorgan:JiangJianxun2)、Balancesheetofparentcompany
YantaiChangyuPioneerWineCo.Ltd. Unit:CNY
||||
|-|-|-|
|Assets|At30September 2017|At31December2016|
|Currentassets：|||
|Monetaryfund|672,504,625|269,460,060|
|Financialassetswhicharemeasuredbyfairvalueandwhichchangesarerecordedincurrentprofitandloss|||
|Derivativefinancialliability|||
|Notesreceivable|63,576,251|1,114,200|
|Accountreceivable|20,600|3,326,683|
|Advancemoney|512,509|702,647|
|Interestreceivable|51,729|24,200|
|Dividendreceivable|0|531,819,113|
|Otheraccountreceivable|1,673,455,504|3,582,532,862|
|Inventories|419,720,952|792,732,418|
|Assetsheldforsale|2,000,197|2,000,197|
|Non-currentassetsduewithinoneyear|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Othercurrentassets|||
|Totalcurrentassets|2,877,425,924|5,203,797,438|
|Non-currentassets：|||
|Financialassetsforsale|||
|Investmentheldtoexpiration|||
|Long-termaccountreceivable|||
|Long-termequityinvestment|3,992,587,403|1,834,341,541|
|Realestateforinvestment|||
|Fixedassets|313,052,710|347,481,417|
|Constructioninprogress|3,671,854|500,000|
|Projectmaterial|||
|Liquidationoffixedassets|||
|Biologicalassetsforproduction|119,514,617|123,036,693|
|Oilandgasassets|||
|Intangibleassets|70,218,008|72,002,372|
|Developmentexpenditure|||
|Goodwill|||
|Long-termdeferredexpenses|||
|Assetsofdeferredincometax|23,352,058|26,985,252|
|Othernon-currentassets|2,788,906,444|2,617,457,460|
|Totalnon-currentassets|7,311,303,094|5,021,804,735|
|Totalassets|10,188,729,018|10,225,602,173|
|Currentliabilities:|||
|Short-termloan|600,000,000|500,000,000|
|Financial liabilities whicharemeasuredbyfairvalueandwhichchangesarerecordedincurrentprofitandloss|||
|Derivativefinancialliability|||
|Notespayable|||
|Accountspayable|48,336,496|247,568,857|
|Advancemoney|6,000,000|6,000,000|
|Wagepayable|55,790,653|70,812,761|
|Taxpayable|18,560,070|33,266,225|
|Interestpayable|0|563,613|
|dividendpayable|||
|Otheraccountspayable|552,146,620|368,310,362|
|Liabilitiesheldforsale|||
|Non-currentliabilitiesduewithinoneyear|0|29,227,200|
|Othercurrentliabilities|1,767,054|1,767,054|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Totalcurrentliabilities|||
|Non-currentliabilities：|||
|Long-termloan|||
|Bondpayable|||
|Including:preferredstock|||
|Perpetualcapitalsecurities|||
|Long-termaccountspayable|||
|Long-termwagespayable|||
|Specialaccountspayable|||
|Deferredincome|18,202,137|19,933,699|
|Liabilitiesofdeferredincometax|||
|Othernon-currentliabilities|2,499,403|2,499,403|
|Totalnon-currentliabilities|20,701,540|22,433,102|
|Totalliabilities|1,303,302,433|1,279,949,174|
|Shareholderrightsandinterests：|||
|Sharecapital|685,464,000|685,464,000|
|Otherequityinstrument|||
|Including:preferredstock|||
|Perpetualcapitalsecurities|||
|Capitalpublicreserve|557,222,454|557,222,454|
|Less:Inventoryshares|||
|OthercomprehensiveIncome|||
|Reasonablereserve|||
|Surplusreserve|342,732,000|342,732,000|
|Provisionofgeneralrisk|||
|Retainedprofit|7,300,008,131|7,360,234,545|
|Totalowner'sequity|8,885,426,585|8,945,652,999|
|Total liabilitiesandowner'sequity|10,188,729,018|10,225,602,173|

3)、Consolidatedprofitstatementduringthereportperiod
Unit:CNY
||||
|-|-|-|
|Item|Ninemonthsended30Sep2017|Ninemonthsended30Sep2016|
|1.Totalbusinessincome|1,030,899,920|1,010,732,839|
|Including:Businessincome|1,030,899,920|1,010,732,839|
|2.Totalbusinesscost|849,810,998|844,198,855|
|Including：Businesscost|329,547,531|333,864,479|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Taxandassociatecharges|55,781,211|61,035,668|
|Salesexpenses|387,624,972|375,213,789|
|Managementexpenses|70,339,152|63,948,763|
|Financialexpenses|7,139,053|10,136,156|
|Assetsdepreciationloss|-620,921||
|Add:fairvaluechargeprofit(lossislistedwith"-")|||
|Investmentprofit(lossislistedwith"-")|||
|Including:investmentprofitforjoint-runbusinessandjointventure|||
|Otherincome|29,809,744||
|3.Operatingprofit(lossislistedwith"-")|210,898,666|166,533,984|
|Add:Non-operatingincome|-18,028,219|9,067,280|
|Including:Disposalearningsofnon-currentasset|52,850||
|Less:non-operatingexpenditures|488,358|383,399|
|Including:non-currentassetsdisposingloss|330,866|4,598|
|4.Totalprofit(lossislistedwith"-")|192,382,089|175,217,865|
|Less:incometaxexpenses|44,950,415|45,167,011|
|5.Netprofit(netlossislistedwith"-")|147,431,674|130,050,854|
|Netprofitofparentcompany'sowners|146,115,408|129,748,790|
|Minorityshareholderprofitandloss|1,316,266|302,064|
|6.Netafter-taxofothercomprehensiveincome|7,625,587|-6,479,357|
|Net after-tax of other comprehensive incomeattributabletoownersofparentcompany|6,468,774|-5,493,441|
|(I) Other comprehensive income items which willnotbereclassifiedsubsequentlytoprofitofloss|||
|1). Changes as a result of re-measurement of netdefinedbenefitplanliabilityorasset|||
|2). Share of the other comprehensive income of theinvestee accounted for using equity method whichwill not be reclassified subsequently to profit andloss|||
|(II) Other comprehensive income items which willbereclassifiedsubsequentlytoprofitorloss|6,468,774|-5,493,441|
|1). Share of the other comprehensive income of theinvestee accounted for using equity method whichwillbereclassifiedsubsequentlytoprofitorloss|||
|2).Gainsorlossesarisingfromchanges infairvalueofavailable-for-salefinancialassets|||
|3). Gains or losses arising from reclassification ofheld-to-maturity investment as available-for-salefinancialassets|||
|4). The effect hedging portion of gains or lossesarisingfromcashflowhedginginstruments|||
|5). Translation differences arising on translation offoreigncurrencyfinancialstatements|6,468,774|-5,493,441|
|6).Other|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Net after-tax of other comprehensive incomeattributabletominorityshareholders|1,156,813|-985,916|
|7.Totalcomprehensiveincome|155,057,261|123,571,497|
|Total comprehensive income attributable to ownersofparentCompany|152,584,182|124,255,349|
|Totalcomprehensive income attributable to minorityshareholders|2,473,079|-683,852|
|8.Earningspershare:|||
|(i)Basicearningspershare|0.21|0.19|
|(ii)Dilutedearningspershare|0.21|0.19|

 Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofit amountofCNY0beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY0inthesameperiodoflast year.
Legalrepresentative:SunLiqiang Personinchargeofaccounting:LengBin Personinchargeofaccountingorgan:JiangJianxun4)、Profitstatementofparentcompanyduringthereportperiod
Unit:CNY
||||
|-|-|-|
|Item|Ninemonthsended30Sep2017|Ninemonthsended30Sep2016|
|1.Businessincome|216,615,411|294,628,902|
|Less： Businesscost|182,660,783|228,032,632|
|Taxandassociatecharges|9,293,101|30,216,123|
|Salesexpenses|||
|Managementexpenses|23,343,115|24,357,373|
|Financialexpenses|-6,419,161|11,513,117|
|Assetsdepreciationloss|||
|Add:fairvaluechargeprofit(lossislistedwith"-")|||
|Investmentprofit(lossislistedwith"-")|212,738,266|281,433,572|
|Including:investmentprofitforjoint-runbusinessandjointventure|||
|Otherincome|1,668,380||
|2.Operatingprofit(lossislistedwith"-")|222,144,219|281,943,229|
|Add:non-operatingincome|-715,895|656,267|
|Including:Disposalearningsofnon-currentasset|601||
|Less:non-operatingexpenditures|476,742|294,672|
|Including:non-currentassetsdisposingloss|458,057|490|
|3.Totalprofit(lossislistedwith"-")|220,951,582|282,304,824|
|Less:incometaxexpenses|1,879,991|217,814|
|4.Netprofit(netlossislistedwith"-")|219,071,591|282,087,010|
|5.Netafter-taxofothercomprehensiveincome|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|(I) Other comprehensive income items which willnotbereclassifiedsubsequentlytoprofitofloss|||
|1). Changes as a result of re-measurement of netdefinedbenefitplanliabilityorasset|||
|2). Share of the other comprehensive income ofthe investee accounted for using equity methodwhich will not be reclassified subsequently toprofitandloss|||
|(II)Othercomprehensiveincomeitems whichwillbereclassifiedsubsequentlytoprofitorloss|||
|1). Share of the other comprehensive income ofthe investee accounted for using equity methodwhichwillbereclassifiedsubsequentlytoprofitorloss|||
|2). Gains or losses arising from changes in fairvalueofavailable-for-salefinancialassets|||
|3). Gains or losses arising from reclassification ofheld-to-maturity investment as available-for-salefinancialassets|||
|4). The effect hedging portion of gains or lossesarisingfromcashflowhedginginstruments|||
|5).Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements|||
|6).Other|||
|6.Totalcomprehensiveincome|219,071,591|282,087,010|
|7.Earningspershare:|||
|(i)Basicearningspershare|0.32|0.41|
|(ii)Dilutedearningspershare|0.32|0.41|

5)、Consolidatedprofitstatementfromthebeginningoftheyeartotheendofthereportperiod
Unit:CNY
||||
|-|-|-|
|Item|Ninemonthsended30Sep2017|Ninemonthsended30Sep2016|
|1.Totalbusinessincome|3,797,998,117|3,763,765,638|
|Including:Businessincome|3,797,998,117|3,763,765,638|
|2.Totalbusinesscost|2,740,611,614|2,684,436,063|
|Including：Businesscost|1,255,301,664|1,236,598,583|
|Taxandassociatecharges|216,255,209|214,117,460|
|Salesexpenses|1,056,360,698|1,025,951,023|
|Managementexpenses|200,881,538|186,644,608|
|Financialexpenses|18,287,002|21,124,389|
|Assetsdepreciationloss|-6,474,497|0|
|Add:fairvaluechargeprofit(lossislistedwith"-")|||
|Investmentprofit(lossislistedwith"-")|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Including:investmentprofitforjoint-runbusinessandjointventure|||
|OtherIncome|29,809,744||
|3.Operatingprofit(lossislistedwith"-")|1,087,196,247|1,079,329,575|
|Add:Non-operatingincome|5,275,986|31,000,806|
|Including:Disposalearningsofnon-currentasset|209,450|94,567|
|Less:non-operatingexpenditures|1,326,597|727,175|
|Including:non-currentassetsdisposingloss|982,537|114,650|
|4.Totalprofit(lossislistedwith"-")|1,091,145,636|1,109,603,206|
|Less:incometaxexpenses|273,703,205|283,882,492|
|5.Netprofit(netlossislistedwith"-")|817,442,431|825,720,714|
|Netprofitofparentcompany'sowners|816,184,462|824,770,637|
|Minorityshareholderprofitandloss|1,257,969|950,077|
|6.Netafter-taxofothercomprehensiveincome|9,393,328|222,397|
|Net after-tax of other comprehensive incomeattributabletoownersofparentcompany|7,927,583|756,478|
|(I) Other comprehensive income items which willnotbereclassifiedsubsequentlytoprofitofloss|||
|1). Changes as a result of re-measurement of netdefinedbenefitplanliabilityorasset|||
|2). Share of the other comprehensive income of theinvestee accounted for using equity method whichwill not be reclassified subsequently to profit andloss|||
|(II) Other comprehensive income items which willbereclassifiedsubsequentlytoprofitorloss|7,927,583|756,478|
|1). Share of the other comprehensive income of theinvestee accounted for using equity method whichwillbereclassifiedsubsequentlytoprofitorloss|||
|2).Gainsorlossesarisingfromchanges infairvalueofavailable-for-salefinancialassets|||
|3). Gains or losses arising from reclassification ofheld-to-maturity investment as available-for-salefinancialassets|||
|4). The effect hedging portion of gains or lossesarisingfromcashflowhedginginstruments|||
|5). Translation differences arising on translation offoreigncurrencyfinancialstatements|7,927,583|756,478|
|6).Other|||
|Net after-tax of other comprehensive incomeattributabletominorityshareholders|1,465,745|-534,081|
|7.Totalcomprehensiveincome|826,835,759|825,943,111|
|Total comprehensive income attributable to ownersofparentCompany|824,112,045|825,527,115|
|Totalcomprehensive income attributable to minorityshareholders|2,723,714|415,996|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|8.Earningspershare:|||
|(i)Basicearningspershare|1.19|1.20|
|(ii)Dilutedearningspershare|1.19|1.20|

 Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofit amountofCNY0beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY0inthesameperiodoflast year.
6)、Profitstatementofparentcompanyfromthebeginningoftheyeartotheendofthereportperiod Unit:CNY
||||
|-|-|-|
|Item|Ninemonthsended30Sep2017|Ninemonthsended30Sep2016|
|1.Businessincome|1,048,435,914|949,927,902|
|Less： Businesscost|920,611,161|729,345,231|
|Taxandassociatecharges|58,158,891|103,617,979|
|Salesexpenses|||
|Managementexpenses|63,421,183|79,384,545|
|Financialexpenses|2,873,808|29,763,533|
|Assetsdepreciationloss|||
|Add:fairvaluechargeprofit(lossislistedwith"-")|||
|Investmentprofit(lossislistedwith"-")|278,866,246|965,325,025|
|Including:investmentprofitforjoint-runbusinessandjointventure|||
|OtherIncome|1,668,380||
|2.Operatingprofit(lossislistedwith"-")|283,905,497|973,141,639|
|Add:non-operatingincome|418,861|1,797,395|
|Including:Disposalearningsofnon-currentasset|133,833|94,567|
|Less:non-operatingexpenditures|619,784|331,511|
|Including:non-currentassetsdisposingloss|580,842|22,328|
|3.Totalprofit(lossislistedwith"-")|283,704,574|974,607,523|
|Less:incometaxexpenses|1,198,988|2,320,625|
|4.Netprofit(netlossislistedwith"-")|282,505,586|972,286,898|
|5.Netafter-taxofothercomprehensiveincome|||
|(I) Other comprehensive income items which willnotbereclassifiedsubsequentlytoprofitofloss|||
|1). Changes as a result of re-measurement of netdefinedbenefitplanliabilityorasset|||
|2). Share of the other comprehensive income ofthe investee accounted for using equity methodwhich will not be reclassified subsequently toprofitandloss|||
|(II)Othercomprehensiveincomeitems whichwillbereclassifiedsubsequentlytoprofitorloss|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|1). Share of the other comprehensive income ofthe investee accounted for using equity methodwhichwillbereclassifiedsubsequentlytoprofitorloss|||
|2). Gains or losses arising from changes in fairvalueofavailable-for-salefinancialassets|||
|3). Gains or losses arising from reclassification ofheld-to-maturity investment as available-for-salefinancialassets|||
|4). The effect hedging portion of gains or lossesarisingfromcashflowhedginginstruments|||
|5).Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements|||
|6).Other|||
|6.Totalcomprehensiveincome|282,505,586|972,286,898|
|7.Earningspershare:|||
|(i)Basicearningspershare|0.41|1.42|
|(ii)Dilutedearningspershare|0.41|1.42|

7)、Consolidatedcashflowstatementfromthebeginningoftheyeartotheendofthereportperiod Unit:CNY
||||
|-|-|-|
|Item|Ninemonthsended30September2017|Ninemonthsended30September2016|
|1.Cashflowsfromoperatingactivities:|||
|Cashreceivedfromsalesofgoodsandrendingofservices|3,748,429,160|3,719,438,063|
|Taxrefundreceived|55,504,426|17,604,409|
|Othercashreceivedrelatedtooperatingactivities|49,871,055|32,427,926|
|Subtotalofcashflowsofoperatingactivities|3,853,804,641|3,769,470,398|
|Cashpaidforgoodsandservices|1,022,363,394|830,439,785|
|Cashpaidtoandonbehalfofemployees|353,314,524|336,707,087|
|Cashpaidfortaxesandexpenses|1,071,778,605|939,380,988|
|Othercashpaidrelatedtooperatingactivities|599,720,288|671,876,784|
|Sub-totalofcashoutflowsofoperatingactivities|3,047,176,811|2,778,404,644|
|Netcashflowfromoperatingactivities|806,627,830|991,065,754|
|2.Cashflowfrominvestingactivities:|||
|Cashreceivedfromreturnofinvestment|||
|Fixeddepositwiththetermofover3months|103,000,000|16,007,000|
|Cashreceivedfromobtaininginvestmentprofit|682,550|28,483|
|Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets|324,523|258,555|
|Netcashreceivedfromdisposalofbranchandotherbusinessunit|||

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
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|-|-|-|
|Othercashreceivedrelatedtoinvestingactivities|||
|Subtotalofcashflowsofinvestmentactivities|104,007,073|16,294,038|
|Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termassets|354,737,497|542,967,101|
|Cashpaidtobuy fixeddepositwiththetermofover3months|201,000,000|12,021,025|
|Cashforinvestment|||
|Netcashpaidtoacquirebranchandotherbusinessunit|308,574,514|762,436|
|Othercashpaidrelatedtoinvestmentactivities|||
|Subtotalofcashoutflowsofinvestmentactivities|864,312,011|555,750,562|
|Netcashflowfrominvestingactivities|-760,304,938|-539,456,524|
|3.Cashflowfromfinancingactivities|||
|Cashreceivedfromacquiringinvestment|48,396,726||
|Including: cash received from acquiring minority shareholdersinvestmentbysubsidiary|48,396,726||
|Cashreceivedfromacquiringloans|789,967,950|876,125,040|
|Othercashreceivedrelatedtofinancingactivities|1,303,473|178,584,375|
|Subtotalcashflowsoffinancingactivities|839,668,149|1,054,709,415|
|Cashpaidtopaydebts|591,490,823|818,659,951|
|Cashpaidtodistributedividend,profitorpayinterest|369,915,621|369,159,124|
|Including: dividend and profit paid to minorityshareholdersbysubsidiary|||
|Othercashpaidrelatedtofinancingactivities||20,000,000|
|Subtotalofcashoutflowsoffinancingactivities|961,406,444|1,207,819,075|
|Netcashflowfromfinancingactivities|-121,738,295|-153,109,660|
|4. Influences of exchange rate fluctuation on cash and cashequivalents|2,252,682|7,018,097|
|5.NetIncreaseincashandcashequivalents|-73,162,721|305,517,667|
|Add: balance at the beginning of the period of cash and cashequivalents|1,256,942,304|1,092,241,661|
|6.Balanceattheendoftheperiodofcashandcashequivalents|1,183,779,583|1,397,759,328|

8)、Cashflowstatementofparentcompanyfromthebeginningoftheyeartotheendofthereportperiod Unit:CNY
||||
|-|-|-|
|Item|Ninemonthsended30September2017|Ninemonthsended30September2016|
|1.Cashflowsfromoperatingactivities:|||
|Cashreceivedfromsalesofgoodsandrendingofservices|682,267,341|734,992,794|
|Taxrefundreceived|||
|Othercashreceivedrelatedtooperatingactivities|282,251,646|558,955|
|Subtotalofcashflowsofoperatingactivities|964,518,987|735,551,749|
|Cashpaidforgoodsandservices|329,643,068|494,981,314|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|Cashpaidtoandonbehalfofemployees|77,242,480|117,230,247|
|Cashpaidfortaxesandexpenses|176,498,230|110,070,539|
|Othercashpaidrelatedtooperatingactivities|81,894,029|797,564,401|
|Sub-totalofcashoutflowsofoperatingactivities|665,277,807|1,519,846,501|
|Netcashflowfromoperatingactivities|299,241,180|-784,294,752|
|2.Cashflowfrominvestingactivities:|||
|Cashreceivedfromreturnofinvestment|||
|Withdrawoffixeddepositwiththetermofover3months|103,000,000|16,007,000|
|Cashreceivedfromobtaininginvestmentprofit|714,832,479|1,397,454,077|
|Cashreceivedfrominterestincome|||
|Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets|317,078|256,440|
|Netcashreceivedfromdisposalofbranchandotherbusinessunit|||
|Othercashreceivedrelatedtoinvestingactivities|||
|Subtotalofcashflowsofinvestmentactivities|818,149,557|1,413,717,517|
|Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termassets|5,101,890|23,384,289|
|Cashforinvestment|349,440,824|10,613,970|
|Cash paid for buying fixed deposit with the term of over 3months|105,000,000|12,021,025|
|Netcashpaidtoacquirebranchandotherbusinessunit|||
|Othercashpaidrelatedtoinvestmentactivities|||
|Subtotalofcashoutflowsofinvestmentactivities|459,542,714|46,019,284|
|Netcashflowfrominvestingactivities|358,606,843|1,367,698,233|
|3.Cashflowfromfinancingactivities|||
|Cashreceivedfromacquiringinvestment|||
|Including: cash received from acquiring minority shareholdersinvestmentbybranch|||
|Cashreceivedfromacquiringloans|600,000,000|500,000,000|
|Othercashreceivedrelatedtofinancingactivities||135,484,375|
|Subtotalcashflowsoffinancingactivities|600,000,000|635,484,375|
|Cashpaidtopaydebts|530,339,600|749,640,092|
|Cashpaidtodistributedividend,profitorpayinterest|358,704,864|364,379,781|
|Including: dividend and profit paid to minorityshareholdersbybranch|||
|Othercashpaidrelatedtofinancingactivities|||
|Subtotalofcashoutflowsoffinancingactivities|889,044,464|1,114,019,873|
|Netcashflowfromfinancingactivities|-289,044,464|-478,535,498|
|4. Influences of exchange rate fluctuation on cash and cashequivalents|||
|5.NetIncreaseincashandcashequivalents|368,803,559|104,867,983|
|Add: balance at the beginning of the period of cash and cashequivalents|238,003,198|143,798,080|

2017theThirdQuarterReportofYantaiChangyuPioneerWineCo.Ltd.
||||
|-|-|-|
|6.Balanceattheendoftheperiodofcashandcashequivalents|606,806,757|248,666,063|

 2.Audit report
Whetherthethirdquarterreporthasbeenaudited.
□Yes √No
Thethirdquarterreporthasnotbeenaudited.
YantaiChangyuPioneerWineCo. Ltd. Board ofDirectors 26thOctober2017