LIMITED
The 1st Quarter Report of 2010
1. Important
1.1 The Board of Directors, board of Supervisors, senior managers of the
Company collectively and individually accept full responsibility for the truthfulness, accuracy and completeness of the information contained in this report and confirm that to the best of their knowledge and belief there are no other facts the omission of which would make any statement herein misleading.
1.2 No directors, supervisors or senior managers have any dissidence.
1.3 All directors attended the Board of Directors’ meeting to deliberate this
report.
1.4 The 1st quarter report of 2010 has not been audited.
1.5 The chairman of the Board of Directors Mr. Sun Liqiang, the chief
accountant Mr. Leng Bin and the chief of accounting department Mr. Jiang Jianxun assure the truth and integrity of the financial and accounting statement in this report.
2. THE BASIC INFORMATION OF THE COMPANY
2.1 Main accountant data and Financial index
Unit: CNY
Total assets Owner’s equity attributed to 3,416,361,497.00 3,038,226,013.00 shareholders of listing company Share capital (share) 527,280,000.00 527,280,000.00 Net asset per share attributed to 6.48 5.76 shareholders of listing company
Total operation revenue Net profit attributed to 378,135,484.00 shareholders of listing company Net cash flow from operating 458,426,123.00 activities
Net cash flow per share from 0.87 operating activities
Basic earnings per Share 0.72 Diluted earnings per Share 0.72 Weighted average rate of net assets 11.72% return
Weighted average rate of net assets return after deducting irregualr 11.72% profit and loss
Item for irregular profit and losss
At the end of the at the end of last More or less report period year (%) 5,370,843,611.00 5,364,160,798.00 0.12% 12.45% 0.00% 12.50% During the 1st quarter of More or less report period last year (%) 1,585,142,100.00 1,257,455,017.00 26.06% 298,501,978.00 465,241,338.00 0.88 0.57 0.57 10.50% 10.49% 26.68% -1.46% -1.14% 26.32% 26.32% 1.22% 1.23% Unit: CNY Item for irregular profit and losss
Except the hedging business related to normal operation of the Company, the profit and loss on fair value from holding trading financial assets and liabilities, proceeds from disposition of trading financial assets and liabilities, and salable financial assets
profit and loss from other non-business activities Effect index for the income tax
effect index for minority shareholders’ equity Total
Information on important item of irregular profit and loss No
From Jan. 1st 2010 to end of report period
115,438.00
-83,755.00 -7,921.00 -33,509.00 -9,747.00
The total number of the shareholders and top 10 shareholders with unlimited shares at the end of the report period
Unit:share
Total number of shareholders
The top 10 shareholders with unlimited shares Name of Shareholders
YANTAI CHANGYU GROUP CO.,LTD.
HTHK/CMG FSGUFP-CMG FIRST STATE CHINA GROWTH FD
GAO-LING FUND, L.P.
BBH BOS S/A FIDELITY FD-CHINA FOCUS FD TAIKANG LIFE INSURANCE CO. LTD. DIVIDEND-PERSONAL DIVIDEND- 019-FH002 SHEN
GOVERNMENT OF SINGAPORE INV. CORP. –A/C “C” UBS (LUXEMBOURG) S.A
MIRAE ASSET CHINA SOLOMON EQUITY INVESTMENT TRUST 1
GF STRATEGIC SELECTIVE MIXED SECURITIES –ORIENTED CAPITAL FUND
CHINA UNIVERSAL GROWTH FOCUS SECURITIES-ORIENTED CAPITAL FUND
4,511,863 B shares 4,320,530 B shares 4,011,188 3,811,150
B shares A shares A shares
Number of unlimited shares
Type of shares
14688
2.2
52,728,000 A shares 22,236,013 B shares 13,719,554 B shares 7,399,747 B shares
A shares
4,622,067
3,608,479
3. MAJOR ISSUES
3.1 The great change and reasons on main accountant data and
financial Index (√ ) not applicable
3.2 Analysis and explanation on the situation, impact and solution of other major issues ( √ ) not applicable
3.3 The execution of promised issues by the company, shareholders and actual controller ( √ )applicable
Promisted issue Promisee Promised content Promise for - - capital reform
- - Promise for limited transaction of shares
Promise in -
-
- - Execution - acquisition report or equity change report
Promise for - - significant assets reform
Promise on - - shares issuing
Other promises Yantai including additional promises
Changyu Group
Group company will issue the suggestive announcement through the Company within two transaction days before
The promise been - - the first decreasing of shares by Group Company, has not planned transaction quantity, transaction time, executed transaction price range and reason for share decreasing since the as required by Shenzhen Stock Exchange, if Group preconditicompany intends to sell the current shares of the on does Company after releasing the limit condition and the total quantity for share decreasing is up to 5% within 6 months from the first transaction.
not come. Co., Ltd. disclosed information will include but not only limit to the
3.4 Warning and explanation for the estimation on the possible loss of total 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. ( √ ) not applicable
3.5 Other major issues
3.5.1 Securities investment ( √ ) applicable
item type Code Ab. Initial
investment (CNY)
1 - - - Other securities investment by end of report period Profit and loss on securites sold during report period Total
0.00 0.00
Share quantity (share)
0 -
Book value at end of report period
0.00 0.00
Proportion on Profit and total securities loss during investiment(%)
report period
0.00 0.00 0.00 0.00
- 0.00
- -
- 0.00
- 115,438.00 100 115,438.00
Information on securities investment
During report period, the Company gained the yield of CNY115,438 from selling the alloted IPO shares.
3.5.2 The Company’s Receptions, Studies and Visits during report period
Reception date Reception place Reception way Visitor
Jan.5, 2010
Meeting room Field survey of the Company
Jan.26, 2010
Meeting room Field survey of the Company
Jan.26, 2010
Meeting room Field survey of the Company
Jan.26, 2010
Meeting room Field survey of the Company
March 7, 2010
Meeting room Field survey of the Company
March 13,2010
Meeting room Field survey of the Company
March 18,2010
Meeting room of the Company
Field survey
Main topic and material provided
USA Capital Principal
operation, International
future Research Co.
development
Orient securites Principal
operation, future
development
Everbright Principal securities operation,
future
development
Zheshang Principal securities operation,
future
development
HSBC Jintrust Principal Fund operation,
future
development
Zongcai Principal Investment operation,
future
development
Rosefinch Principal Investment operation,
future
development
3.5.3. Information on other important issue ( √ ) applicable
During report period, the Company signed “Shares Subscription Agreement” with Evergrowing Bank Co., Ltd. to subscribe 340million shares through capital increase of Evergrowing Bank in cash, CNY3 per share, totally CNY1.02 billion the Company needs should be at the Company’s own funds.The shares the Company subscribes will account for 5% of 6.8 billion total shares of Evergrowing Bank.
3.6 Investment on financial derivatives ( √ ) not applicable
3.6.1 Investment on financial derivatives at end of report period ( √ ) not applicable
4. appendix
4.1 Balance sheet
Balance Sheet (1)
At 31 March 2010 Consolidated
Parent company amount
At 31 December 2009 Consolidated amount
Parent company amount
Yantai Changyu Wine Poineer Co., Ltd. Unit: CNY
Assets
Current assets： Monetary fund
Financial assets for trade Notes receivable Account receivable Advance money Interest receivalbe Dividend receivable Other account receivable Inventories
Non-current assets due within one year Other current assets Total current assets
Non-current assets： Financial assets for sale Investment held to expiration
Long-term account receivable
Long-term equity investment
Note
amount
2,722,003,197 1,908,725,342 2,545,210,286 1,701,195,926 62,665,033 17,214,908 38,107,831 12,294,221 65,149,130 6,658,993 98,022,443 13,163,722 41,438,426 30,156,666 31,885,027 19,918,724 4,787,139 4,787,139 8,969,343 8,969,343
27,167,747 660,085,662 22,424,303 633,416,634 949,146,425 446,097,913 1,131,240,892 467,402,171
447,429,274 827,938 1,104,453 3,873,185,035 3,073,726,623 3,876,964,578 3,303,790,015
10,000,000 229,077,178 10,000,000 229,077,178
39,822,921 11,444,646 39,717,396 11,444,646
48,802,494 38,956,022 100,655,123 25,925,697 139,267,274 26,315,465
152,181,302 95,697,626 147,509,555 90,579,308
984,627,925 321,211,560 996,792,865 331,281,278 156,473,565 5,996,727 109,372,318 2,234,216 395,114
Real estate for investment fixed assets
Construction in progress Project material Liquidation of fixed assets Biological assets for production
Oil and gas assets Intangible assets Development expenditure Goodwill
Long-term deferred expenses
Assets of deferred income
tax
Other non-current assets Total non-current assets
Total assets
accounting organ:Jiangjianxun
4,700,132 4,806,317 5,580,790 5,544,630 1,497,658,576 694,159,751 1,487,196,220 696,476,721
5,370,843,611 3,767,886,374 5,364,160,798 4,000,266,736 Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in charge of
Balance Sheet (2)
Yantai Changyu Wine Poineer Co. Ltd. Unit:CNY
At 31 March 2010
Liabilites, rights and interests of shareholders Current liabilities: Short-term loan Financial liabilities for trade
Notes payable Accounts payable Advance money Wage payable Tax payable Interest payable dividend payable Other accounts payable Non-current liabilities due within one year Other current liabilities Total current liabilities
Non-current liabilities： Long-term loan Bond payable
1,778,672,046 652,817,103 2,150,393,622 901,413,683
10,500,000 10,500,000
Note
Consolidated amount
Parent company amount
Consolidated amount
At 31 December 2009
Parent company amount
4,500,000 224,500,000 220,000,000 327,740,731 226,541,131 343,079,052 232,881,603 404,537,272 371,221,002 115,871,205 105,670,512 176,980,999 112,116,156 431,647,865 91,036,054 556,959,447 115,867,141
605,030 605,030 494,374,973 229,569,407 477,048,092 219,943,753 Long-term accounts payable Special accounts payable Estimated liabilities Liabilities of deferred income tax
Oterh non-current liabilities Total non-current liabilities Total liabilities
Shareholder rights and interests： Capital stock Capital reserve Less: treasury stock Surplus reserve Undistributed profit Total shareholder rights and interests of parent company Minority shareholder rights and interests
Total shareholder rights and interests
Liabilites and total shareholders rights and interests
5,336,115 5,336,115
136,723,953 136,455,048
4,000,266,7
5,370,843,611 3,767,886,374 5,364,160,798
36
3,085,503,0
3,553,085,450 3,101,719,270 3,174,681,061
53
527,280,000 527,280,000 527,280,000 527,280,000 557,222,454 557,222,454 557,222,454 557,222,454
1,705,057,9
2,035,916,413 1,721,274,186 1,657,780,929 3,416,361,497 3,101,719,270 3,038,226,013 69 53
3,085,503,0
295,942,630 295,942,630 295,942,630 295,942,630
23,250,000 13,350,000 23,250,000 13,350,000 39,086,115 13,350,000 39,086,115 13,350,000 1,817,758,161 666,167,103 2,189,479,737 914,763,683
Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in charge of accounting organ:Jiangjianxun
4.2 Profit Statement
Yantai Changyu Wine Poineer Co., Ltd.
Unit:CNY
Three months ended 31
March 2009
Parent
Consolidated amount
company amount
March 2010
Parent company amount
Three months ended 31
Consolidated
Item
Business income Less: business cost
Business tax and associate charges
Sales expenses Management expenses Financial expenses 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 Operating profit
Add: Non-operating income less: non-operating expenditures Including: non-current assets disposing loss Total profit
Less: income tax expenses Net profit
Net profit of parent company's owners EPS Basic EPS Diluted EPS
Other Comprehensive Income Comprehensive Income Comprehensive Income of parent company
Comprehensive Income of minority shareholders
charge of accounting organ:Jiangjianxun
Note
amount
1,585,142,100 443,805,685 1,257,455,017 216,025,080 467,527,845 314,718,833 374,685,634 166,437,027 88,409,828 54,082,439 63,253,395 28,779,095 455,911,840 362,400,303 75,365,609 56,615,200 72,852,026 30,607,120 -3,532,633 -4,103,625 -10,362,784 -10,302,755
115,438 115,438 18,907,271
501,575,048 22,608,276 394,626,443 19,411,863 467,342 173,512 616,227 500,800 551,097 3 19,060 13,930
501,491,293 22,781,785 395,223,610 19,898,733 123,086,904 6,565,568 96,134,211 186,050 378,404,389 16,216,217 299,089,399 19,712,683 378,135,484 16,216,217 298,501,978 19,712,683 587,421
Minority shareholder profit and loss 268,905
0.72 0.57 0.72 0.57
378,404,389 16,216,217 299,089,399 19,712,683 378,135,484 16,216,217 298,501,978 19,712,683 268,905 587,421
Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in
4.3 Cash Flow Statement Yantai Changyu Wine Poineer Co., Ltd.
Three months ended 31
March 2010
Unit: CNY
March 2009
Three months ended 31 Cosolidated amount
Parent company amount
Item
Cosolidated amount
Parent company amount
1. Cash flows from operating activities: Cash received from sales of goods and rending of services Tax refund received
Other cash received related to operating activities
Subtotal of cash flows of operating activities
Cash paid for goods and services Cash paid to and on behalf of employees Cash paid for taxes and expenses Other cash paid related to operating activities
Sub-total of cash outflows of operating activities
Net cash flow from operating activities 2. Cash flow from investing activities: Fixed deposit with the term of over 3 months
Cash received from obtaining investment profit
Cash received from interest income Net cash received from disposal of fixed assets, intangible 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
Cash paid to acquire fixed assets, intangible assets and other long-term assets Fixed deposit with the term of over 3 months
1,906,248,637
13,050,779 1,919,299,416 463,103,834 94,482,198 533,462,570 369,824,691 1,460,873,293
520,836,693 1,522,433,676 296,665,429
5,264,302
24,224,574 422,108,999 526,100,995 1,546,658,250 718,774,427 352,542,782 42,476,296 109,405,490 40,665,101
387,281,963 267,506,303 79,278,018 31,241,061 396,193,072 61,817,936 218,663,859 10,539,639
545,089,669 1,081,416,911 371,104,938
107,671,943
458,426,123 -18,988,674 465,241,339 347,669,490 Cash received from return of investment
112,671,943
115,438
156,419,840 139,419,840 447,544,712 18,907,271 6,571,972
1,417,169 1,417,169 6,623,722
556,633,824
671,260
114,204,550 60,585,222
163,043,562 164,899,083 67,931,426
4,615,345
Cash for investment
Net cash paid to acquire branch and other business unit
Other cash paid related to investment activities
Subtotal of cash outflows of investment activities
Net cash flow from investing activites 3.Cash flow from financing activites Cash received from acquiring investment Including: cash received from acquiring minority shareholders investment by branch Cash received from acquiring loans Other cash received related to finaning activities
Subtotal cash flows of financing activities
Cash paid to pay debts
Cash paid to distribute dividend, profit or pay interest
Including: dividend and profit paid to minority shareholders by branch Other cash paid related to financing activities
Subtotal of cash outflows of financing activities
Net cash flow from financing activites 4. Influences of exchange rate
60,585,222 53,619,328
220,000,000 2,586,916
222,586,916 -222,586,916
671,260 555,962,564
67,931,426
4,615,345
95,112,136 160,283,738 220,000,000 1,778,850
221,778,850 -221,778,850
315,195,040
fluctuation on cash and cash equivalents 5. Net Increase in cash and cash equivalents
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
289,458,535
560,353,475 507,953,227 1,998,681,278 1,159,666,918 792,724,722 265,694,858 2,288,139,813 1,474,861,958 1,353,078,197 773,648,085
Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in charge of accounting organ:Jiangjianxun
Complementary Information for Cash Flow Statement
Three months ended 31
March 2010
Complementary information
Cosolidated amount
1.Cash flow to adjust net profit to operating activites Net profit
minority shareholders loss and profit Add: assets depreciation provision Depreciation of fixed assets, oil and gas assets, and biological assets for production Intangible assets amortization Long-term deferred expenses amortization
Losses on disposal of fixed assets, intangible assets and other long-term assets (profits are listed with \"-\")
Loss on retirement of fixed assets (profits are listed with \"-\")
Fair value change losses (profits are listed with \"-\")
Financial expenses (profits are listed with Investment losses (profits are listed with
\"-\") -115,438 -115,438 -18,907,271 Reduction of deferred income tax assets (increasing is listed with \"-\") Increasing of deferred income tax liabilities (reduction is list with \"-\") Decrease of inventories (increasing is listed with \"-\")
Reduction of operating receivables (increasing is listed with \"-\") Increasing of operating receivables (reduction is listed with \"-\") Miscellaneous
Net cash flow from operating activites 2.Investment and financing activites uninvolved cash income and expenses Liabilities change into capital
-151,116,546
-27,991,550
-12,202,338 -22,953,486
-5,704,217
-35,322,928
-43,258,559 349,307,980
182,094,467
21,304,258 188,397,312 17,672,946
38,612,151
389,768
26,199,212 358,311
146,864
16,280,645 1,387,841
7,180,899 767,269
12,535,205 957,965 8,078,542 971,756
Parent company amount
378,135,484
16,216,217
Three months ended 31
March 2009
Cosolidated amount
Parent company amount
298,501,978 19,712,683
268,905 587,421
\"-\") -1,417,169 -1,417,169 -6,623,722 -6,571,972 458,426,123 -18,988,674 465,241,339 347,669,490 Convertible bond with the term of 1 year
Financing lease-in fixed assets 3.Net change of cash and cash equivalents Balance at the end of the period of cash Less: balance at the beginning of the period of cash
Add: balance at the end of the period of cash equivalents
Less: balance at the beginning of the period of cash equivalents
Net increase amount of cash and cash
1,998,681,278 1,159,666,918
792,724,722 265,694,858
2,288,139,813 1,474,861,958 1,353,078,197 773,648,085 equivalent 289,458,535 315,195,040 560,353,475 507,953,227 Legal representative: Sunliqiang Person in charge of accounting :Lengbin Person in charge of accounting organ:Jiangjianxun
4.4 Audit Report
Not audited
Yantai Changyu Wine Poineer Co., Ltd.
Board of Director
April 26, 2010
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