张 裕Ｂ：2011年第三季度报告全文（英文版） .ppt

1.3 1.4 1.5 yantai changyu pioneer wine company limited the 3rd quarter report of 2011 1. important 1.1 the board of directors, board of supervisors, directors, 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 can not ensure the truthfulness, accuracy and completeness, or have any dissidence to this report. all directors attended the board of directors meeting to deliberate this report. the 3rd quarter report of 2011 has not been audited. 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. 1 - - 2. the basic information of the company 2.1 main accountant data and financial index unit: cny sep. 30, 2011dec.31, 2010more or less (%) total assets6,591,289,170.005,983,377,253.0010.16% owners equity attributed to shareholders of listing4,353,930,792.003,839,708,341.0013.39% company share capital (share)527,280,000.00527,280,000.000.00% netassetpershare attributed to shareholders of8.267.2813.46% listing company july to sep., 2011 more or less compared with jan. to sep., same period of 2011 last year (%) more or less compared with same period of last year (%) total operation revenue1,323,654,951.0021.58%4,413,676,519.0023.61% net profit attributed to shareholdersoflisting386,784,180.0029.44%1,263,739,296.0041.77% company net cash flow from operating activities net cash flow per share from operating activities 1,187,905,246.00 2.25 35.26% 34.73% basic earnings per share diluted earnings per share weighted average rate of net assets return 0.73 0.73 9.27% 28.07% 28.07% 0.14% 2.40 2.40 30.85% 42.01% 42.01% 3.62% weighted average rate of net assets return after deducting9.17%0.04%30.70%3.60% irregualr profit and loss item for irregular profit and loss () applicable unit: cny item for irregular profit and loss profit and loss on non-current assets disposing government grant accounted in profit and loss this year (except for those that closely related to the operation, under national laws or in accordance with certain criteria) except the hedging business related to normal operation of the company, the profit and loss on amount -99,865.00 8,066,639.00 52,122.00 remark fair value from holding trading financial assets and 2 - 2.2 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 971,401.00 -2,391,156.00 -66.00 6,599,075.00 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 shareholderstotally 14295 shareholders, including 9083 shareholders for a share, 5212 shareholders for b share the top 10 shareholders with unlimited shares name of shareholders yantai changyu group co.,ltd. hthk/cmg fsgufp-cmg first state china growth fd gaoling fund,l.p. bbh bos s/a fidelity fd - china focus fd government of singapore inv. corp.- a/c “c“ ubs (luxembourg) s.a. mirae asset china solomon equity investment trust 1 number of unlimited shares 265,749,120 21,019,204 13,719,554 8,246,082 5,377,239 4,504,590 3,974,716 type of shares a share b share b share b share b share b share b share chinauniversalgrowthfocus securities-oriented capital fund hthk-manulife china value fund 3,765,883 3,579,270 a share b share taikanglifeinsuranceco. ltd-dividends-individual3,539,335a share dividends-019l-fh002 shen 3. major issues 3.1 the great change and reasons on main accountant data and financial index ( ) applicable 3 at end of report period, the companys notes receivable increased by 192.99% mainly due to the growth of exchange drafts receivable from the bank from jan. till sept. 2011. the interests receivable increased by 131.66% because of the rise of time deposit interest. other accounts receivable increased by 493.41% mainly due to growth of payment for land margin and imprest for raw materials. the salary payable dropped by 45.09% because of payment of staff wages and bonus. other payables increased by 82.93% thanks to the rise of deposits received from customer and payable advertising expenses. from jan. to sept. 2011, the financial expenses dropped by 64.72% due to the increase of time deposit interest. 3.2 analysis and explanation on the situation, impact and solution of other major issues 3.2.1 non-standard comment ( ) not applicable 3.2.2 the information about the company to offer capital to its controlling shareholder or any related party, or provide any guarantee outside in violation of regulations ( ) not applicable 3.2.3 the signing and fulfillment of major contracts for daily operations ( ) not applicable 3.2.4 others ( ) not applicable 3.3 the execution of promised issues by the company, shareholders and actual controller the promise from the listing company, and its directors, supervisors, senior managers, the shareholders holding shares more than 5%, actual controller and other related party during or extended to the report period. ( )applicable promised issue promise for capital reform promisee changyu group promised content (1) the shares of the company held by group company will not be listed and transferred within 36 months from the date for execution it has already been fulfilled. obtaining the listing right or march 21st, 2006. (2) within 12 months at the expiration of the guaranteed period mentioned above, the proportion for shares sold out as non-listed shares initially through stock exchange in total shares of group company is less than 5%, and 10% for that within 24 months at the expiration of the guaranteed period. (3) group company also promised to submit the proposal in its shareholders meeting 2005, 2006 and 2007 which suggest the cash dividends proportion as more than 65% of distributable profits made in same year, and guarantee to approve of the proposal during the meeting. promiseinnonono 4 - - acquisition report or equity report change promisefornonono significant reform assets promise on shares issuing changyu group no competition within the industryit is always in strict performance. otherpromiseschangyuthe company has well noted the securities law, administrationit is fulfilling including additional promises groupmethods of takingover listed companies, guidance on releasing the limited shares transfer of the listed companies now. and the relative business rules of shenzhen stock exchange, and will strictly obey the relevant provisions of above documents, faithfully carry out the commitments and bear the corresponding legal responsibility, when in the future reducing the holding of the shares with releasing restrictions on sale price in this time. 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 unit: cny itemtypecodeab.initialsharebook value atproportiononprofitand investmentquantityend of reporttotal securitieslossduring (cny)(share)periodinvestment (%)report period 1-0.0000.000.00%0.00 other securities investment by end of report period 0.000.000.00%0.00 profit and loss on securities sold during report period total - 0.00 - - 0.00 - 100% 52,122.00 52,122.00 information on securities investment during report period, the company gained the yield of cny52,122 from selling the allotted ipo shares. 3.5.2 the companys receptions, studies and visits during report period reception datereception placereception wayvisitormain topic and material provided july 5, 2011meeting room offield surveyorient fundprincipal operation, the companyfuture development july 7, 2011meeting room offield surveyyinhua fundprincipal operation, 5 the companyfuture development july 14, 2011 july 14, 2011 meeting room of the company meeting room of field survey field survey changjiang securities huarong securities principal operation, future development principal operation, the companyfuture development july 14, 2011meeting room offield surveycongrong fundprincipal operation, the companyfuture development july 14, 2011meeting room offield surveyshanghai trustprincipal operation, the companyfuture development july 14, 2011meeting room offield surveylombardachinaprincipal operation, the companyfundfuture development july 14, 2011meeting room offield surveysws mu fundprincipal operation, the companyfuture development july 14, 2011meeting room offield surveynational trustprincipal operation, the companyfuture development aug.5, 2011meeting room offield surveyflying tiger fundprincipal operation, the companyfuture development aug.12, 2011meeting room offield surveyfirst trust fundprincipal operation, the companyfuture development aug.29,2011meeting room offield surveyever bright securitiesprincipal operation, the companyfuture development aug.29,2011meeting room offield surveyguotaijunanprincipal operation, the companysecuritiesfuture development sep.1,2011meeting room offield surveyxinhua assetsprincipal operation, the companyfuture development sep.1,2011meeting room offield surveychina amcprincipal operation, the companyfuture development sep.2,2011meeting room offield surveyfounder fubon fundprincipal operation, the companyfuture development sep.5,2011meeting room offield surveyfirststateprincipal operation, the companyinvestmentsfuture development sep.7,2011meeting room offield surveyplatinumprincipal operation, the companyfuture development sep.7,2011meeting room offield surveycicc hk securitiesprincipal operation, the companyfuture development sep.8,2011meeting room offield surveynomuraprincipal operation, the companyfuture development sep.8,2011meeting room offield surveysumitomo mitsuiprincipal operation, the companyfuture development sep.16,2011meeting room offield surveyicbccsprincipal operation, the companyfuture development sep.21,2011meeting room offield surveyfts fundprincipal operation, the companyfuture development sep.27, 2011meeting room offield surveybroad peakprincipal operation, the companyfuture development 3.6 investment on financial derivatives ( ) not applicable 6 3.6.1 investment on financial derivatives at end of report period ( ) not applicable 4. audit report not audited 4.1 balance sheet yantai changyu pioneer wine co., ltd.2011.09.30 amount at the end of the report period unit: cny amount at the beginning of the year item consolidated amount parent company amount consolidated amount parent company amount current assets： monetary fund2,513,214,5481,651,364,0742,489,804,1621,898,488,544 settlement provisions placements financial assets for trade21,200,00021,200,000 notes receivable account receivable advance money 92,136,551 120,363,981 69,273,210 22,764,727 12,600,988 58,338,771 31,447,207 100,113,271 74,728,756 12,871,415 11,708,820 40,352,558 premiums receivable reinsurance receivables reinsurance contract reserve interest receivable dividend receivable other account receivable 22,053,202 182,098,128 22,048,678 1,765,637,074 1,774,883,117 9,519,721 30,686,838 9,519,721 1,765,637,075 1,155,602,622 financial assets purchased under resale inventories1,186,647,843480,142,6271,294,406,406481,049,315 non-current assets due within one year other current assets total current assets4,206,987,4635,808,980,0574,030,706,3625,375,230,070 non-current assets： loans and advances financial assets for sale investment held to expiration long-term account receivable long-term equity investment5,000,000938,617,8975,000,000331,907,113 real estate for investment fixed assets construction in progress 1,283,635,150 529,002,301 317,925,554 89,062,493 1,188,081,245 242,107,575 325,016,812 13,603,659 project material 7 liquidation of fixed assets biological assets for production38,540,7359,390,47937,773,63810,270,836 oil and gas assets intangible assets272,870,30190,452,025208,847,84787,521,064 development expenditure goodwill long-term deferred expenses106,144,441106,233,673 assets of deferred income tax other non-current assets total non-current assets total assets 145,219,564 3,889,215 2,384,301,707 6,591,289,170 22,417,777 4,158,009 1,472,024,234 7,281,004,292 160,275,366 4,351,547 1,952,670,891 5,983,377,253 27,019,769 4,538,447 799,877,700 6,175,107,770 8 current liabilities： short-term loan the central bank borrowings deposits and interbank deposit borrowing money financial liabilities for trade notes payable accounts payable advance money 231,760,661.00 230,232,582.00 128,312,099.00259,022,075.00 309,481,976.00 165,884,293.00 financial assets sold under repurchase agreements handling charges and commission wage payable tax payable 102,626,933.00 535,295,616.00 95,644,275.00 119,393,610.00 186,915,812.00 649,365,259.00 114,351,323.00 122,920,579.00 interest payable dividend payable other accounts payable due to reinsurers insurance contract acting trading securities securities underwriting agent non-current liabilities due within one year other current liabilities 872,405,442.00 2,568,538,804.00476,897,721.00 1,768,065,889.00 total current liabilities1,972,321,234.002,911,888,788.001,881,682,843.00 2,171,222,084.00 non-current liabilities： long-term loan bond payable long-term accounts payable special accounts payable estimated liabilities liabilities of deferred income tax5,286,917.005,336,115.00 other non-current liabilities total non-current liabilities 120,110,000.00 125,396,917.00 8,027,001.00 8,027,001.00 100,213,000.00 105,549,115.00 8,027,000.00 8,027,000.00 total liabilities2,097,718,151.002,919,915,789.001,987,231,958.00 2,179,249,084.00 shareholder rights and interests： capital stock capital reserve 527,280,000.00 560,378,451.00 527,280,000.00 557,222,454.00 527,280,000.00 557,222,454.00 527,280,000.00 557,222,454.00 less: treasury stock special reserve surplus reserve295,942,630.00295,942,630.00295,942,630.00295,942,630.00 general risk reserve undistributed profit2,970,329,711.002,980,643,419.002,459,263,257.00 2,615,413,602.00 9 item currency translation differences total shareholder rights and interests of parent company minority shareholder rights and interests total shareholder rights and interests liabilities and total shareholders rights and interests 4,353,930,792.00 139,640,227.00 4,493,571,019.00 6,591,289,170.00 4,361,088,503.00 4,361,088,503.00 7,281,004,292.00 3,839,708,341.00 3,995,858,686.00 156,436,954.00 3,996,145,295.00 3,995,858,686.00 5,983,377,253.00 6,175,107,770.00 4.2 profit statement for report period yantai changyu pioneer wine co., ltd.july-september 2011 amount of the report period unit: cny amount of the last period consolidated parent company consolidated parent company amountamountamountamount 1. total operating income business income 1,323,654,951.00 1,323,654,951.00 482,852,156.00 1,088,726,941.00 482,852,156.00 1,088,726,941.00 324,178,221.00 324,178,221.00 interest income earned premiums fee and commission income 2. total operating costs operating costs 804,504,127.00 338,905,314.00 427,755,783.00 359,214,065.00 669,062,708.00 315,882,520.00 311,177,549.00 261,728,743.00 interest expense fee and commission expense surrender payment net claims paid net provisions for insurance contract policyholder dividends reinsurance costs business tax and associate charges sales expenses management expenses financial expenses 92,179,444.00 355,503,448.00 27,672,927.00 -9,757,005.00 50,117,124.00 26,681,117.00 -8,256,523.00 73,281,353.00 259,583,989.00 33,933,757.00 -13,618,912.00 37,194,718.00 28,320,816.00 -16,066,727.00 assets depreciation loss add: fair value charge profit (loss is listed with “-“) investment profit (loss is listed with “-“)0.00294,848,566.0094,440.0094,440.00 including: investment profit for joint-run business and joint venture exchange gains (loss is listed with “-“) 3. operating profit (loss is listed with “-“) add: non-operating income 519,150,824.00 6,374,452.00 349,944,939.00 143,213.00 419,758,673.00 3,329,938.00 13,095,112.00 57,468.00 10 less: non-operating expenditures510,121.00132,019.0051,756.005,186.00 including: non-current assets disposing loss 4. total profit ( total loss is listed with “-“) less: income tax expenses 5. net profit (net loss is listed with “-“) net profit of parent companys owners minority shareholder profit and loss 525,015,155.00 135,767,854.00 389,247,301.00 386,784,180.00 2,463,121.00 349,956,133.00 14,733,986.00 335,222,147.00 335,222,147.00 423,036,855.00 109,885,157.00 313,151,698.00 298,823,242.00 14,328,456.00 13,147,394.00 777,948.00 12,369,446.00 12,369,446.00 6. eps basic eps diluted eps 0.73 0.73 0.64 0.64 0.57 0.57 0.02 0.02 7. other comprehensive income 8. total comprehensive income total comprehensive income attributed to the equity holders of parent company total comprehensive income attributed to the minority shareholders 389,247,301.00 386,784,180.00 2,463,121.00 335,222,147.00 335,222,147.00 313,151,698.00 298,823,242.00 14,328,456.00 12,369,446.00 12,369,446.00 11 4.3 profit statement from the beginning of the year to the end of the report period yantai changyu pioneer wine co., ltd.january-september 2011 unit: cny amount of the report periodamount of the last period item 1. total operating income business income consolidated amount 4,413,676,519.00 4,413,676,519.00 parent company amount 1,363,972,382.00 1,363,