张 裕Ｂ：第一季度报告全文（英文版） .ppt

1.5,YANTAI CHANGYU PIONEER WINE COMPANY,LIMITED,The 1st Quarter Report of 2012,1.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 personally attended the Board of Directors meeting to,deliberate this report.,1.4 The 1st quarter report of 2012 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.,-,2.THE BASIC INFORMATION OF THE COMPANY2.1 Main accountant data and financial indexUnit:CNY,At end of thereport period,At end of lastyear,More orless(%),Total assets（CNY）Owners equity attributed toshareholders of listing company（CNY）Total share capital(share)Net asset per share attributed to shareholders oflisting company(CNY/share)Total operation revenue（CNY）Net profit attributed to shareholders of listingcompany（CNY）Net cash flow from operating activities（CNY）,7,562,703,758.005,617,927,029.00527,280,000.0010.65During thereport period1,912,443,670.00604,285,368.00497,140,869.00,7,295,944,221.005,013,641,661.00527,280,000.009.511st quarter oflast year2,090,018,976.00562,581,659.001,084,182,965.00,3.66%12.05%0.00%11.99%More orless(%)-8.50%7.41%-54.15%,Net cash flow peractivities(CNY/share),share,from,operating,0.94,2.06,-54.37%,Basic Earnings per Share(CNY/share)Diluted Earnings per Share(CNY/share)Weighted average rate of net assets returnWeighted average rate of net assets return afterdeducting irregular profit and loss,1.151.1511.08%11.14%,1.071.0712.01%12.01%,7.48%7.48%-0.93%-0.87%,Details of irregular profit and loss()applicable not applicableUnit:CNY,From beginningof year to endof report period,Notes,Gain on disposal of non-current assetsTax refund or exemption that is either non-recurring or withoutproper approvalGovernment grants credited in profit and loss(except for thoserecurring government grants that are closely related to the entitysoperation,in line with related regulations and have proper basis ofcalculation)Other non-operating income and expensesCorporate income taxTotal,-1,171,257.002,016,365.002,417,563.00782,925.00-942,304.003,103,292.00,2.2,The total number of the shareholders and top 10 shareholderswith unrestricted shares at the end of the report periodUnit:share,Total number of shareholders,15,297shareholders,including 10,030,shareholders with A shares,5,267shareholders with B sharesThe top 10 shareholders with unrestricted shares,Name of Shareholders,Number ofunrestricted shares,The Type of shares,at,end,of,report,period,YANTAI CHANGYU GROUP CO.LTD.GAO-LING FUND,L.P.,265,749,12018,676,716,A sharesB shares,HTHK/CMG FSGUFP-CMGGROWTH FD,FIRST,STATE,CHINA,16,482,843,B shares,BBH BOS S/A FIDELITY FD-CHINA FOCUS FDGOVERNMENT OF SINGAPORE INV.CORP.A/C“C”,10,373,5977,819,045,B sharesB shares,BBHFUND,LUX-FIDELITY,FUNDS-EMERGING,MARKETS,4,528,086,B shares,UBS(LUXEMBOURG)S.ANORGES BANK,4,297,6364,264,083,B sharesB shares,CHINA UNIVERSAL GROWTHSECURITIES INVESTMENT FUND,FOCUS,EQUITY,3,739,931,A shares,HTHK-MANULIFE CHINA VALUE FUND,3,556,383,B shares,3.MAJOR ISSUES3.1 The Great Change and Reasons on Main Accountant Data andFinancial Index()applicableAt end of report period,the notes receivable increased by 83.32%compared with beginning of reportperiod,mainly due to the growth on bank acceptances from the clients.The non-current liabilitiesdue within one year increased by 69.04%,while other non-current liabilities dropped by 51.43%compared with beginning of report period,mostly because part of other non-current liabilities whichwill due within one year was listed in the non-current liabilities due within one year.During reportperiod,compared with same period of last year,the managerial expenses fell by 39.80%because ofdecrease of afforestation expenses,the non-operating income increased by 515.33%,mostlycontributed by growth on governmental subsidy,the non-operating expenditures increased by176.14%mainly because of retirement of part of fixed assets,and other cash paid related tooperating activities increased by 81.90%mostly due to the growth on advertisement expenditureand freight paid.,3.2 Analysis and explanation on the progress,impact and solution ofmajor issues3.2.1 Non-standard opinions()not applicable3.2.2 The situation on the company providing funds to the controllingshareholders or its affiliates and acting against the prescribedprocedures to provide external guarantees()not applicable3.2.3 The situation on the signature and performance on the majorcontracts in the daily operations()not applicable3.2.4 Others()not applicable3.3 The Execution of Promised Issues by the Company,Shareholdersand ActualControllerThe promised issues from the Company,its directors,supervisors and seniorofficers,or its shareholders with shares over 5%or its actual controller duringthe report period or such promised issues carried out to the report period.()applicable,CommitmentitemsShare reformcommitment,CommittedpersonYantaiChangyuGroupCo.Ltd.,Commitment content1.From the day of being granted theright of circulation on stock market asMarch 21st,2006,Changyu Group willnot transact or transfer its shareholding,PerformancesituationIt has alreadybeen fulfilled.,in the Company within 36 months2.Within 12 months as from the day of theexpiry of the afore-said promising period,the amount of the former non-circulatingstock that Changyu Group may list fortransaction at Stock Exchange cant beover 5%of its total and within 24 monthsafter that,cant be over 10%of its total.3.Changyu Group also promised topropose over the shareholders meetings2005,2006 and 2007 to distribute theCompanys profit in cash no less than 65%of the distributable profit realized in thesame year and ensure to vote for aye forthis proposal.,Commitments inthe acquisition,No.,No.,No.,report or reportof changes inequity,Commitmentswhen makingmajorassets,No.,No.,No.,restructuring,IssuanceCommitments,YantaiChangyuGroup,Non-horizontal competition,It is still inperformance.,Co.Ltd.,Othercommitments(includingadditionalcommitments),YantaiChangyuGroupCo.Ltd.,The Company has well noted the SecuritiesLaw,Administration Methods of TakingoverListed Companies,Guidance on Releasingthe Limited Shares Transfer of the ListedCompanies and the relative business rules,Underperformance.,of Shenzhen Stock Exchange,and willstrictly obey the relevant provisions ofabove documents,faithfully carry out thecommitments and bear the correspondinglegal responsibility,when in the futurereducing the holding of the shares withreleasing restrictions on sale price in thistime.3.4 Warning and explanation for the estimation on the possible loss ofcumulative net profit in the period from the beginning of this year tothe end of the next report period or the great change comparing withsame period of last year.()not applicable3.5 Other major issues3.5.1 Securities investment()not applicable3.5.2 The Companys Receptions,Studies and Visits during reportperiod,Reception date,Reception place,Reception way,Visitor,Main topic and,materialprovided,Jan.10,2012Jan.10,2012Jan.16,2012Feb.9,2012Feb.15,2012Feb.15,2012Feb.17,2012,Meeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe Company,Field surveyField surveyField surveyField surveyField surveyField surveyField survey,Orient SecuritiesHengtai SecuritiesYuren ChuangxinInvestmentPacific InvestmentManagementCITIC SecuritiesZhongzai AssetsManagementUBS Securities,Principal operation,future developmentPrincipal operation,future developmentPrincipal operation,future developmentPrincipal operation,future developmentPrincipal operation,future developmentPrincipal operation,future developmentPrincipal operation,future development,Feb.17,2012Feb.17,2012Feb.20,2012Feb.20,2012,Meeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe CompanyMeeting room ofthe Company,Field surveyField surveyField surveyField survey,Qilu SecuritiesCITIC-PrudentialFund ManagementQilu SecuritiesGF FundManagement,Principal operation,future developmentPrincipal operation,future developmentPrincipal operation,future developmentPrincipal operation,future development,3.6 Investment on financial derivatives()not applicable3.6.1 Investment on financial derivatives at end of report period()not applicable4.Annex4.1 Balance Sheet,Yantai Changyu Wine Poineer Co.,Ltd.,March 31,2012,Unit:CNY,At 31 March,2012Parent,At 31 December 2011,Consolidated,company,Consolidated,Parent,Assets,amount,amount,amount,company amount,Current assets：,Monetary fund,2,889,593,997,2,200,327,359,2,532,967,197,1,568,184,564,Financial assets for trade,Notes receivableAccount receivableAdvance moneyInterest receivableDividend receivableOther account receivableInventories,103,153,851150,777,48288,821,25115,469,15080,735,3441,538,461,221,50,892,39114,669,26178,144,43515,469,1501,827,258,6292,446,279,519569,610,073,56,268,482126,906,52677,252,61115,763,43175,423,6141,755,964,582,25,779,76820,977,06545,090,60115,763,4311,866,646,1791,685,950,766579,452,383,Non-current assets due withinone yearOther current assets,Total current assets,4,867,012,296,7,202,650,817,4,640,546,443,5,807,844,757,Non-current assets：Financial assets for saleInvestment held to expirationLong-term account receivable,Long-term equity investment,5,000,000,598,299,363,5,000,000,598,299,363,Real estate for investment,fixed assetsConstruction in progress,1,596,680,131483,681,742,351,385,46964,891,987,1,609,111,868406,353,081,365,152,52142,040,898,Project materialLiquidation of fixed assetsBiological assets for,production,41,996,191,9,537,205,42,355,441,9,683,931,Oil and gas assets,Intangible assets,262,860,386,88,923,822,263,838,087,89,684,756,Development expenditureGoodwill,Long-term deferred expenses,146,218,964,148,429,436,Assets of deferred income taxOther non-current assetsTotal non-current assetsTotal assets,154,609,5374,644,5112,695,691,4627,562,703,758,27,179,9183,746,7241,143,964,4888,346,615,305,175,528,9384,780,9272,655,397,7787,295,944,221,31,337,8293,854,7961,140,054,0946,947,898,851,Yantai Changyu Wine Pioneer Co.,Ltd.,March 31,2012,Unit:CNY,At 31 March,2012Parent,At 31 December 2011Parent,Liabilities,rights and interests ofshareholders,Consolidatedamount,companyamount,Consolidatedamount,companyamount,Current liabilities:Short-term loanFinancial liabilities for tradeNotes payable,Accounts payableAdvance moneyWage payableTax payable,177,425,120311,307,100159,862,579500,683,603,87,573,32376,029,51151,261,164,229,920,729293,655,222188,274,937698,459,857,134,893,84697,418,899115,489,659,Interest payabledividend payable,Other accounts payable,459,485,531,3,435,668,735,536,059,000,1,918,592,985,Non-current liabilities due within,one year,137,061,180,81,081,000,Other current liabilitiesTotal current liabilities,4,617,3011,750,442,414,807,3003,651,340,033,4,744,0742,032,194,819,828,0002,267,223,389,Non-current liabilities：Long-term loanBond payable,Long-term accounts payableSpecial accounts payableEstimated liabilities,Liabilities of deferred income tax,5,336,115,5,336,115,Other non-current liabilitiesTotal non-current liabilitiesTotal liabilities,52,679,71358,015,8281,808,458,242,13,731,70013,731,7003,665,071,733,108,453,139113,789,2542,145,984,073,13,918,00013,918,0002,281,141,389,Shareholder rights and interests：,Capital stockCapital reserve,527,280,000562,139,042,527,280,000557,222,454,527,280,000562,139,042,527,280,000557,222,454,Less:treasury stock,Surplus reserveUndistributed profit,295,942,6304,232,565,357,295,942,6303,301,098,488,295,942,6303,628,279,989,295,942,6303,286,312,378,Total shareholder rights and interests,of parent company,5,617,927,029,4,681,543,572,5,013,641,661,4,666,757,462,Minority shareholder rights and,interestsTotal shareholder rights and,136,318,487,136,318,487,interests,5,754,245,516,4,681,543,572,5,149,960,148,4,666,757,462,Liabilities and total shareholders,rights and interests,7,562,703,758,8,346,615,305,7,295,944,221,6,947,898,851,4.2 Profit statement,Yantai Changyu Wine Pioneer Co.,Ltd.,January 2012 to March 2012Three months ended 31 March,Unit:CNYThree months ended 31,2012,Parent,March,2011Parent,Consolidated,company,Consolidated,company,ItemBusiness incomeLess:business cost,amount1,912,443,670483,121,287,amount404,260,334331,806,568,amount2,090,018,976543,222,709,amount506,563,827388,453,744,Business tax and associate,charges,Sales expenses,89,023,294467,673,517,39,229,753,105,983,152571,748,034,57,861,944,Management expensesFinancial expenses,82,064,961-12,168,537,25,141,469-12,559,844,136,323,637-12,843,351,52,042,387-10,831,676,Assets depreciation lossAdd:fair value charge profit(loss is listedwith-)Investment profit(loss is listed with,-),52,122,52,122,Including:investment profit forjoint-run business and joint venture,Operating profitAdd:Non-operating incomeless:non-operating expenditures,802,729,1495,465,3911,419,796,20,642,389591,1791,402,751,745,636,917888,203514,157,19,089,549421,4802,050,Including:non-current assetsdisposing loss,Total profitLess:income tax expensesNet profit,806,774,744202,489,376604,285,368,19,830,8175,044,70714,786,110,746,010,963183,464,223562,546,740,19,508,9794,918,15014,590,829,Net profit of parent,companys owners,604,285,368,14,786,110,562,581,659,14,590,829,Minority shareholder,profit and lossEPS,-34,918,Basic EPSDiluted EPS,1.151.15,0.030.03,1.071.07,0.030.03,Other Comprehensive Income,Comprehensive Income,604,285,368,14,786,110,562,546,740,14,590,829,Comprehensive Income of parent,company,604,285,368,14,786,110,562,581,659,14,590,829,Comprehensive Income of minority,shareholders4.3 Cash Flow Statement,-34,918,Yantai Changyu Wine Pioneer Co.,Ltd.,January 2012 to March 2012Three months ended 31,Unit:CNYThree months ended 31,March,2012,March,2011,Item,Consolidated,Parent,Parent,amount,companyamount,Consolidatedamount,companyamount,1.Cash flows from operating activities:Cash received from sales of goods and,rending of servicesTax refund received,2,146,275,2185,987,075,473,515,7321,270,642,2,450,730,8684,506,575,506,217,5111,765,890,Other cash received related to operating,activities,44,629,783,652,498,777,39,581,571,934,283,827,Subtotal of cash flows of operating,activitiesCash paid for goods and servicesCash paid to and on behalf of employeesCash paid for taxes and expenses,2,196,892,076433,187,773131,779,247751,723,834,1,127,285,151254,307,85348,627,342137,093,345,2,494,819,014443,608,869105,863,409650,575,171,1,442,267,229384,955,70038,684,92698,939