Yantai Changyu Pioneer Wine Co. Ltd.

Transcription

1 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. Yantai Changyu Pioneer Wine Co. Ltd the First Quarter Report 2013-Ding02 April

2 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. I. Important Notice, Contents and Definition The Board of Directors, the Board of Supervisors, directors, supervisors & senior management of the Company confirm that to the best of their knowledge and belief there are no unfaithful facts, significant omissions or misleading statements in this quarterly report, and collectively and individually accept full legal responsibility. Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Person in charge of accounting) and Mr. Jiang Jianxun (Person in charge of accounting organ) assure the truthfulness, accuracy and completeness of the financial report in the quarterly report All the directors have personally attended the Board of Directors meeting for this quarterly report. 2

3 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. 1. Key financial data II Key financial data and s changes Whether the Company makes retroactive adjustments or restates the accounting data of previous fiscal years. Yes V No Item January to March January to March More or less than last year(%) Business revenue (CNY) 1,848,564, ,912,443, % Net profit attributed to the s of the listed 570,638, ,285, % company (CNY) Net profit attributed to the s of the listed company after deducting the 568,038, ,182, % irregular profit and loss (CNY) Net cash flows from the operating activities (CNY) 523,571, ,140, % Basic earnings per share (CNY) % Diluted earnings per share (CNY) % Return on net assets (%) 8.99% 11.08% -2.09% March 31 st 2013 March 31 st More or less than 2012 last year(%) Total assets (CNY) 8,517,740, ,123,134, % Net Assets attributed to the s of the listed company (CNY) 6,483,742, ,913,104, % 3

4 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. Details of irregular profit and loss V Yes No Item Gain on disposal of non-current assets, including 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, in line with related regulations and have proper basis of calculation) From beginning of year to end of report period -383, ,634, Explaination Other non-operating income and expenses 809, Income tax effect 460, Minority interest impact (after tax) Total 2,599, Unit:CNY 2.The total number of the s and top 10 s with unrestricted shares at the end of the report period 46,567s, including 35,537 Total number of s s with A shares, 11,030 s with B shares The top 10 s with unrestricted shares Name of Shareholders YANTAI CHANGYU GROUP CO. LTD. GAOLING FUND,L.P. GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" HTHK/CMG FSGUFP-CMG FIRST STATE CHINA GROWTH FD BBH BOS S/A FIDELITY FD - CHINA FOCUS FD VALUE PARTNERS CLASSIC FUND HTHK-MANULIFE CHINA VALUE FUND Character of s Domestic non-stateowned legal person Percenta ge (%) Shares held Numb er of restric ted shares Pledged or frozen Shar Shar e e statu statu s s 50.4% 345,473, % 24,176, % 18,085, % 16,918, % 16,358, % 6,626, % 6,343,

5 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. GSIC A/C MONETARY AUTHORITY OF SINGAPORE UBS (LUXEMBOURG) S.A. BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND Name of Shareholders 0.87% 5,957, % 5,026, % 4,737, The top 10 s with unrestricted shares Number of Type of share unrestricted Type of Amount shares held share until the end of the year 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 GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" 18,085,402 B share 18,085,402 HTHK/CMG FSGUFP-CMG FIRST STATE CHINA GROWTH FD 16,918,329 B share 16,918,329 BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 16,358,534 B share 16,358,534 VALUE PARTNERS CLASSIC FUND 6,626,737 B share 6,626,737 HTHK-MANULIFE CHINA VALUE FUND 6,343,781 B share 6,343,781 GSIC A/C MONETARY AUTHORITY OF SINGAPORE 5,957,159 B share 5,957,159 UBS (LUXEMBOURG) S.A. 5,026,899 B share 5,026,899 BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND The explanation for the associated relationship and accordant action of the top 10 s Explanation for the s who involved in financing activities and stock trading business(if yes) 4,737,709 B share 4,737,709 Among the top 10 s, Yantai Changyu Group Company Limited has no associated relationship or accordant action relationship with the other 9 listed s, and the relationship among the other s is unknown. No 5

6 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. III Major Issues Item 1. The great changes and reasons on main accountant data and financial index At 31 March 2013 At 31 December 2012 Changes % Reasons for changes Note receivable 258,449, ,635, % Mainly due to the growth on bank acceptances from the clients Advance money 79,627, ,294, % Mainly due to the growth of prepayment for raw material purchase Other receivables 39,239, ,462, % Mainly due to the growth of prepayment for construction Non-current liabilities due within 1 year Item 93,189, ,945, % Mainly due to the decrease of the trust plan payment due within 1 year and its interest Three months ended Three months ended Changes % 31 March March 2012 Reasons for changes Business cost 517,458, ,121, % Mainly due to the increase of the raw material and packaging expenses Management expenses Financial expenses Cash from return on investments Cash from return on interests Cash paid for investment Term deposits over 3 months Cash outflows from investing activities Net cash flows from investing activities 67,841, ,064, % Mainly due to decreasing of afforestation expenses -10,456, ,168, % Mainly due to the decrease of interest income 4,828, ,800, % Mainly due to the decrease of interests income for term deposit over 3 month 4,828, ,800, % Mainly due to the decrease of interests income for term deposit over 3 month 317,116, ,999, % Mainly due to the growth of term deposits over 3 month 317,116, ,999, % Mainly due to the growth of term deposits over 3 month 468,702, ,057, % Mainly due to the growth of term deposits over 3 month -303,381, ,201, % Mainly due to the growth of term deposits over 3 month 6

7 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd. 2. The commitments of the Company or s of the Company holding more than 5% in the report period or until the report period Commitments Commitment party Commitment content Commitment time 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 Commitments made to the minority s of the Company Commitment under timely implementation or not Specific reasons of not completing the implementation and the next step Commitment period Implementation Has been fulfilled Yantai Changyu Group Co. Ltd. YES - Whether or not to have commitments at leading to intraindustry competition and related NO party transaction Solution period for the commitments Solution method - - Fulfillment of the commitments - Intra-industry competition 18th May 1997 Forever Has been performing 3. Operating performance s forecast for January to June in 2013 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. Yes V No 4. The Company s Receptions, Studies and Visits during report period Reception date Reception place Reception way Visitor Main topic and material provided Meeting room Field Yinhua Fund, Huatai current business 7

8 2013 the First Quarter Report of Yantai Changyu Pioneer Wine Co. Ltd of the Company survey Securities Meeting room of the Company Meeting room of the Company Meeting room of the Company Meeting room of the Company Field survey Field survey Field survey Field survey China international capital(hk) ) company, First State Investments (HK) Marshall Wace LLP ChinaAMC, Ping An Asset Management Co. Ltd., Haitong Securities GIC.Swiss bank Corporation operation situation and other issues 8

9 Ⅳ Financial Statements 1. Financial statements 1) Consolidated balance sheet Yantai Changyu Pioneer Wine Co. Ltd. Current assets: Unit: CNY Item At 31 March 2013 At 31 December 2012 Monetary fund 2,604,496, ,227,470, Notes receivable 258,449, ,635, Account receivable 160,393, ,217, Advance money 79,627, ,294, Interest receivable 9,334, ,215, Other account receivable 39,239, ,462, Inventories 1,954,596, ,268,621, Total current assets 5,106,137, ,803,918, Non-current assets: Long-term equity investment 5,000, ,000, Fixed assets 1,853,572, ,823,983, Construction in progress 912,674, ,828, Biological assets for production 44,832, ,681, Intangible assets 277,877, ,293, Long-term deferred expenses 164,606, ,871, Assets of deferred income tax 128,499, ,376, Other non-current assets 24,540, ,180, Total non-current assets 3,411,603, ,319,215, Total assets 8,517,740, ,123,134, Current liabilities: Accounts payable 346,900, ,881, Advance money 351,338, ,172, Wage payable 134,933, ,484, Tax payable 366,166, ,084, Other accounts payable 514,934, ,650, Non-current liabilities due within one year 93,189, ,945, Other current liabilities 7,857, ,090, Total current liabilities 1,815,320, ,989,308, Non-current liabilities: Liabilities of deferred income 5,336, ,336,

10 tax Other non-current liabilities 66,960, ,004, Total non-current liabilities 72,296, ,340, Total liabilities 1,887,617, ,063,649, Shareholder rights and interests: Capital stock 685,464, ,464, Capital reserve 562,139, ,139, Surplus reserve 342,732, ,732, Undistributed profit 4,893,407, ,322,769, Total rights and interests of parent company Minority rights and interests Total rights and interests Liabilities and total s rights and interests 6,483,742, ,913,104, ,381, ,381, ,630,123, ,059,485, ,517,740, ,123,134, Legal representative:sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun 10

11 2) Balance sheet of parent company Yantai Changyu Pioneer Wine Co. Ltd. Unit: CNY Item At 31 March 2013 At 31 December 2012 Current assets: Monetary fund 1,491,037, ,090,260, Notes receivable 119,755, ,450, Account receivable 1,778, , Advance money 51,933, ,131, Interest receivalbe 9,334, ,215, Dividend receivable 961,075, ,614, Other account receivable 2,287,861, ,194,219, Inventories 773,347, ,442, Total current assets 5,696,123, ,207,045, Non-current assets: Long-term equity investment 1,010,192, ,006,492, Fixed assets 362,801, ,789, Construction in progress 29,669, ,640, Biological assets for production 21,401, ,866, Intangible assets 80,952, ,512, Assets of deferred income tax 16,144, ,517, Other non-current assets 2,416, ,502, Total non-current assets 1,523,577, ,506,322, Total assets 7,219,700, ,713,368,

12 Current liabilities: Accounts payable 184,676, ,815, Wage payable 65,835, ,144, Tax payable 17,397, ,995, Other accounts payable 1,903,547, ,432,464, Other current liabilities 1,856, ,856, Total current liabilities 2,173,313, ,697,275, Non-current liabilities: Other non-current liabilities 19,440, ,905, Total non-current liabilities 19,440, ,905, Total liabilities 2,192,754, ,717,180, Shareholder rights and interests: Capital stock 685,464, ,464, Capital reserve 557,222, ,222, Surplus reserve 342,732, ,732, Undistributed profit 3,441,528, ,410,769, Total rights and interests Liabilities and total s rights and interests 5,026,946, ,996,187, ,219,700, ,713,368, Legal representative:sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun 12

13 3) Consolidated profit statement Yantai Changyu Pioneer Wine Co. Ltd. Item Unit: CNY Three months ended 31 March 2013 Three months ended 31 March Business income 1,848,564, ,912,443, Business income 1,848,564, ,912,443, Business cost 1,092,515, ,109,714, Business cost 517,458, ,121, Business tax and associate charges 86,211, ,023, Sales expenses 431,460, ,673, Management expenses 67,841, ,064, Financial expenses -10,456, ,168, Operating profit 756,048, ,729, Add: Non-operating income 3,476, ,465, Less: non-operating expenditures 416, ,419, Total profit 759,108, ,774, Less: income tax expenses 188,470, ,489, Net profit 570,638, ,285, Net profit of parent company's owners 570,638, ,285, EPS Basic EPS Diluted EPS Other comprehensive income 8. Comprehensive income 570,638, ,285, Comprehensive income of parent company 570,638, ,285, Legal representative:sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun 13

14 4) Profit statement of parent company Yantai Changyu Pioneer Wine Co. Ltd. Item Unit: CNY Three months ended 31 March 2013 Three months ended 31 March Business income 450,311, ,260, Less: business cost 365,031, ,806, Business tax and associate charges 42,167, ,229, Management expenses 25,580, ,141, Financial expenses -7,863, ,559, Investment profit (loss is listed with "-") 11,140, Operating profit 36,535, ,642, Add: Non-operating income 607, , Less: non-operating expenditures 1,402, Total profit 37,143, ,830, Less: income tax expenses 6,384, ,044, Net profit 30,758, ,786, EPS Basic EPS Diluted EPS Other comprehensive income 7. Comprehensive income 30,758, ,786, Legal representative:sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun 5) Consolidated cash flow statement Yantai Changyu Pioneer Wine Co. Ltd. Item 1. Cash flows from operating activities: Cash received from sales of goods and rending of services Three months ended 31 March 2013 Unit: CNY Three months ended 31 March ,880,180, ,146,275, Tax refund received 2,677, ,987, Other cash received related to operating activities 29,742, ,629, Subtotal of cash flows of operating activities 1,912,600, ,196,892, Cash paid for goods and services 324,388, ,187, Cash paid to and on behalf of employees 127,239, ,779, Cash paid for taxes and expenses 592,896, ,723,

15 Other cash paid related to operating activities 344,504, ,060, Sub-total of cash outflows of operating activities 1,389,028, ,699,751, Net cash flow from operating activities 523,571, ,140, Cash flow from investing activities: Cash received from return of investment 160,492, Fixed deposit with the term of over 3 months 160,492, Cash received from obtaining investment profit 4,828, ,800, Cash received from interest income 4,828, ,800, Net cash received from disposal of fixed assets, intangible assets and other long-term assets 55, Subtotal of cash flows of investment activities 165,321, ,855, Cash paid to acquire fixed assets, intangible assets and other long-term assets 151,585, ,057, Cash paid to the investment 317,116, ,999, Fixed deposit with the term of over 3 months 317,116, ,999, Subtotal of cash outflows of investment activities 468,702, ,057, Net cash flow from investing activites -303,381, ,201, Cash flow from financing activites 4. Influences of exchange rate fluctuation on cash and cash equivalents 5. Net Increase in cash and cash equivalents 220,190, ,939, Add: balance at the beginning of the period of cash and cash equivalents 6.Balance at the end of the period of cash and cash equivalents 1,562,294, ,256,517, ,782,484, ,527,456, Legal representative:sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun 6) Cash flow statement of parent company Yantai Changyu Pioneer Wine Co. Ltd. Item Three months ended 31 March 2013 Unit: CNY Three months ended 31 March Cash flows from operating activities: Cash received from sales of goods and rending of services 326,567, ,515, Tax refund received 823, ,270, Other cash received related to operating activities 494,987, ,498, Subtotal of cash flows of operating activities 822,379, ,127,285, Cash paid for goods and services 183,385, ,307, Cash paid to and on behalf of employees 46,179, ,627, Cash paid for taxes and expenses 100,551, ,093,

16 Other cash paid related to operating activities 121,640, ,972, Sub-total of cash outflows of operating activities 451,756, ,000, Net cash flow from operating activities 370,622, ,284, Cash flow from investing activities: Cash received from return of investment 160,492, Fixed deposit with the term of over 3 months 160,492, Cash received from obtaining investment profit 48,508, ,187, Cash received from interest income 4,828, ,800, Subtotal of cash flows of investment activities 209,000, ,187, Cash paid to acquire fixed assets, intangible assets and other long-term assets 14,865, ,017, Cash paid to the investment 320,816, ,999, Fixed deposit with the term of over 3 months 317,116, ,999, Subtotal of cash outflows of investment activities 335,682, ,016, Net cash flow from investing activites -126,681, ,829, Cash flow from financing activites 4. Influences of exchange rate fluctuation on cash and cash equivalents 5. Net Increase in cash and cash equivalents 243,940, ,455, Add: balance at the beginning of the period of cash and cash equivalents 6.Balance at the end of the period of cash and cash equivalents 425,084, ,735, ,024, ,190, Legal representative:sun Liqiang Person in charge of accounting: Leng Bin Person in charge of accounting organ: Jiang Jianxun 2 Audit report Whether the 1 st quarter report has been audited or not Yes No. Yantai Changyu Pioneer Wine Co. Ltd. Board of Directors