StockCode:000869,200869StockAbbreviation:ChangyuA,ChangyuBAnnouncementNo.:2025-Final04
YantaiChangyuPioneerWineCo.,Ltd.
2025ThirdQuarterReport
Thiscompanyandallboardmembersguaranteethetruthfulness,accuracyandcompletenessofdisclosedcontentsaswellasnounfaithfulfacts,misleadingstatementsorsignificantomissions.
ImportantNotice
1.TheCompany’sboardofdirectors,directorsandseniorexecutivesguaranteethetruthfulness,accuracyandcompletenessofcontentscontainedinthisquarterreportaswellasnounfaithfulfacts,misleadingstatementsorsignificantomissionsandundertakeindividualandcollectivelegalliabilities.
2.ThepersoninchargeoftheCompany,thepersoninchargeofaccountingworkandthepersoninchargeofaccountinginstitution(personinchargeofaccounting)declaretoassurethetruthfulness,accuracyandcompletenessofthefinancialinformationinthisquarterreport.
3.WhethertheThirdQuarterReporthasbeenaudited□Yes?No
1.MajorFinancialData
1)KeyaccountingdataandfinancialindicatorsWhethertheCompanyneedstomakeretroactiveadjustmentsorrestatetheaccountingdataofpreviousfiscalyears.?Yes?No
July-September,2025
| July-September,2025 | Moreorlessthanthesameperiodoflastyear(%) | January-September,2025 | Moreorlessfromthebeginningoftheyeartotheendofthereportingperiodcomparedwiththesameperiodofthepreviousyear(%) | |
| Operatingrevenue(CNY) | 645,394,211 | -4.38% | 2,115,970,388 | -3.70% |
| Netprofitattributedtotheshareholdersofthelistedcompany(CNY) | 1,917,154 | -30.96% | 187,514,296 | -16.27% |
| Netprofitattributedtotheshareholdersofthelistedcompanyafterdeductingthenon-recurringprofitandloss(CNY) | -3,768,045 | -30.97% | 168,391,782 | -12.30% |
| Netcashflowsfromtheoperatingactivities(CNY) | — | — | 357,912,343 | 96.36% |
| Basicearningspershare(CNY) | 0.0029 | -27.50% | 0.28 | -12.50% |
| Dilutedearningspershare(CNY) | 0.0029 | -27.50% | 0.28 | -12.50% |
| Weightedaverageforearningrateofthenetassets | 0.02% | -0.01% | 1.77% | -0.35% |
| Theendofthisreportperiod | Theendoflastyear | Moreorlessthantheendoflastyear(%) | ||
| Totalassets(CNY) | 12,157,409,575 | 12,520,474,218 | -2.90% | |
| Owners’equityattributedtotheshareholdersofthelistedcompany(CNY) | 10,452,926,548 | 10,619,208,419 | -1.57% | |
2)Itemandamountofnon-recurringprofitandloss?Applicable□Inapplicable
Unit：
CNY
| Item | July-September,2025 | January-September,2025 | Explanation |
| Gainsandlossesondisposalofnon-currentassets(includingthewrite-offpartoftheprovisionforimpairmentofassets) | -424,642 | -65,766 | |
| Governmentgrantscreditedinprofitandloss(exceptfor | 6,758,049 | 26,016,595 |
thosecontinuously-enjoyednormedorquantitativegovernmentgrantsthatarecloselyrelatedtotheentity’snormaloperation,inlinewithnationalpolicyandregulationandbasedoncertaincriteria)
| thosecontinuously-enjoyednormedorquantitativegovernmentgrantsthatarecloselyrelatedtotheentity’snormaloperation,inlinewithnationalpolicyandregulationandbasedoncertaincriteria) | |||
| Othernon-operatingincomeandexpensesexceptfortheaboveitems | -359,852 | -29,444 | |
| Otherprofitandlossitemsthatconformtothedefinitionofnon-recurringgainsandlosses | 1,041,399 | 1,041,399 | |
| Less:Incometaxeffect | 1,321,271 | 6,269,802 | |
| Minorityinterestseffect(after-tax) | 8,484 | 1,570,468 | |
| Total | 5,685,199 | 19,122,514 | -- |
Detailsofotherprofitandlossitemsinlinewiththeidentificationofnon-recurringprofitandloss
□Applicable?InapplicableTherearenoexisteddetailsofotherprofitandlossitemsinlinewiththeidentificationofnon-recurringprofitandlossExplanationforsituationthatnon-recurringprofitandlossitemsaredefinedasrecurrentprofitandlossitemsinaccordancewiththeExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-Non-recurringProfitandLoss?Applicable?Inapplicable
| Item | Theamountinvolved(CNY) | Reason |
| Investmentincome | 1,041,399 | TheinvestmentincomegeneratedbytheCompanyfromthetransferofequityinitssubordinateenterpriseswasCNY1,041,399. |
3)Situationandreasonforthechangeinkeyaccountingdataandfinancialindicators?Applicable□Inapplicable
| Items | Increase/Decrease% | CauseofChange |
| Accountsreceivable | -35.26% | Mainlyduetotherecoveryofaccountsreceivablebasedonthepaymentperiod. |
| Receivablesfinancing | -18.88% | Mainlyduetotheyear-on-yeardeclineintheamountofreceivablenotesreceived. |
| Accountsprepaid | -42.08% | Mainlyduetothereceiptofgoodspurchasedwithprepayment |
| Constructioninprogress | -45.83% | Mainlyduethattheconstructioninprogressreachedthepredeterminedusagestateandwasconvertedintofixedassetsduringthereportingperiod. |
| Financialexpenses | -834.02% | Mainlyduetotheimpactofexchangegainsandlosses. |
| Otherreceivables | -23.79% | Mainlyduetotherecoveryofsomeotherreceivables. |
| Payrollpayable | -20.71% | Mainlyduetothedistributionofemployeesalariesthisyear. |
| Taxpayable | -26.53% | Mainlyduetotheyear-on-yeardeclineinoperatingincome. |
Othercurrentliabilities
| Othercurrentliabilities | -59.18% | Mainlyduetothereductionintheexpectedamountofsalesreturns. |
| Long-termborrowing | 38.20% | Mainlyduetothecombinedimpactofincreasedborrowingandexchangerates |
| Leaseliability | -26.26% | Mainlyduetothepaymentoftheleasefee. |
| Treasurystock | 141.23% | Mainlyduetothebuy-backofBshares. |
| Othercomprehensiveincome | -37.24% | Mainlyduetothedifferenceinforeigncurrencyconversion. |
| Assetimpairmentloss | 149.10% | Mainlyduetotheinventoryimpairment. |
| Cashreceivedfromrecoveringtheinvestment | -88.30% | Mainlyduetothereductionintherecoveryofmaturedbanktimedeposits. |
2.Informationofshareholders
1)Thenumberofthecommonshareholdersandpreferredshareholderswithrecoveredvotingpoweraswellastheshareholdingoftop10shareholders
Unit:share
Totalnumberofcommonshareholdersattheendofreportperiod
| Totalnumberofcommonshareholdersattheendofreportperiod | 41,530 | Totalnumberofpreferredshareholderswithrecoveredvotingpowerattheendofreportperiod | 0 | |||||||
| Shareholdingoftop10shareholders | ||||||||||
| NameofShareholders | Characterofshareholders | Percentage(%) | Sharesheld | Numberofrestrictedshares | Pledgedorfrozen | |||||
| Sharestatus | Amount | |||||||||
| YANTAICHANGYUGROUPCO.,LTD. | Domesticnon-statelegalperson | 51.42% | 345,473,856 | 0 | Inapplicable | 0 | ||||
| FengdiJIANG | Domesticnaturalperson | 0.71% | 4,751,000 | 0 | Inapplicable | 0 | ||||
| HairongHU | Domesticnaturalperson | 0.52% | 3,460,035 | 0 | Inapplicable | 0 | ||||
| VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | Foreignlegalperson | 0.51% | 3,446,137 | 0 | Inapplicable | 0 | ||||
| HONGKONGSECURITIESCLEARINGCOMPANYLIMITED | Foreignlegalperson | 0.51% | 3,444,709 | 0 | Inapplicable | 0 | ||||
| SocialSecurityFund114 | Other | 0.51% | 3,425,055 | 0 | Inapplicable | 0 | ||||
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | Foreignlegalperson | 0.46% | 3,087,201 | 0 | Inapplicable | 0 | ||||
| BankofCommunicationsCo.,LTD.-QianhaiKaiyuanXiangheBondSecuritiesInvestmentFund | Other | 0.45% | 3,017,569 | 0 | Inapplicable | 0 | ||||
| SocialSecurityFund413 | Other | 0.45% | 3,000,060 | 0 | Inapplicable | 0 | ||||
| NORGESBANK | Foreignlegalperson | 0.37% | 2,464,119 | 0 | Inapplicable | 0 | ||||
| Shareholdingoftop10shareholderswithunrestrictedshares(Excludinglendingsharesthroughrefinancingbusinessandseniorexecutives’lockedshares) | ||||||||||
| NameofShareholders | Numberofunrestrictedsharesheld | Typeofshare | ||||||||
| Typeofshare | Amount | |||||||||
| YANTAICHANGYUGROUPCO.,LTD. | 345,473,856 | Ashare | 345,473,856 | |||||||
| FengdiJIANG | 4,751,000 | Ashare | 4,751,000 | |||||||
| HairongHU | 3,460,035 | Ashare | 3,460,035 | |||||||
VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND
| VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | 3,446,137 | Bshare | 3,446,137 |
| HONGKONGSECURITIESCLEARINGCOMPANYLIMITED | 3,444,709 | Ashare | 3,444,709 |
| SocialSecurityFund114 | 3,425,055 | Ashare | 3,425,055 |
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | 3,087,201 | Bshare | 3,087,201 |
| BankofCommunicationsCo.,LTD.-QianhaiKaiyuanXiangheBondSecuritiesInvestmentFund | 3,017,569 | Ashare | 3,017,569 |
| SocialSecurityFund413 | 3,000,060 | Ashare | 3,000,060 |
| NORGESBANK | 2,464,119 | Bshare | 2,464,119 |
| Theexplanationfortheassociatedrelationshipandaccordantactionofthetop10shareholders | Amongthetop10shareholders,YantaiChangyuGroupCompanyLimitedhasnoassociatedrelationshiporaccordantactionrelationshipwiththeother9listedshareholders,andtherelationshipamongtheothershareholdersisunknown. | ||
| Explanationforthetop10commonshareholderswhoinvolvedinfinancingactivitiesandstocktradingbusiness | Thetop10shareholdersdidnotinvolveinfinancingactivitiesandstocktradingbusiness.FromJune25toSeptember8,2025,theCompanyboughtback12.43millionBsharesthroughthededicatedsecuritiesaccountforsharebuy-back.Accordingtoregulations,theseshareswerenotincludedinthelistofthetop10shareholders. | ||
Shareholdersholdingmorethan5%,thetop10shareholdersandthetop10shareholdersofunrestrictedtradablesharesparticipateintherefinancingbusinesstolendshares
□Applicable?InapplicableThetop10shareholdersandthetop10shareholdersofunrestrictedtradableshareshavechangedfromthepreviousperiodduetorefinancinglending/restitutionreasons
□Applicable?Inapplicable
2)Thetableofthetotalnumberofthepreferredshareholdersandtheshareholdingstatusofthetop10preferredshareholders
□Applicable?Inapplicable
3.OtherImportantIssues
□Applicable?Inapplicable
4.QuarterlyFinancialStatements
1)Financialstatements①Consolidatedbalancesheet
YantaiChangyuPioneerWineCo.,Ltd.
Unit:CNY
| Item | Endingbalance | Beginningbalance |
| CurrentAssets： | ||
| Monetaryfund | 1,851,211,121 | 1,797,848,130 |
| Pettycash | ||
| Lendingfunds | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 1,036,243 | |
| Accountsreceivable | 175,324,873 | 270,829,601 |
| ReceivablesFinancing | 187,349,818 | 230,960,211 |
| Accountsprepaid | 35,118,647 | 60,631,575 |
| Premiumsreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Receivablereservesforreinsurancecontract | ||
| Otherreceivables | 201,649,102 | 264,598,394 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventory | 3,007,071,014 | 2,904,070,556 |
| Including:dataresource | ||
| Contractassets | ||
| Assetsclassifiedasholdingforsale | ||
| Non-currentassetsexpireinoneyear | ||
| Othercurrentassets | 73,022,022 | 80,383,241 |
| TotalCurrentAssets | 5,530,746,597 | 5,610,357,951 |
| Non-currentAssets： | ||
| Offeringloansandimprest | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 35,353,024 | 34,864,748 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Realestateforinvestment | 20,123,159 | 21,960,451 |
| Fixedassets | 5,354,129,113 | 5,551,671,795 |
| Constructioninprogress | 5,513,450 | 10,177,372 |
| Biologicalassetsforproduction | 62,485,493 | 66,483,964 |
| Oilandgasassets | ||
| Right-of-useassets | 59,453,570 | 71,761,262 |
| Intangibleassets | 516,266,186 | 527,706,383 |
| Including:dataresource | ||
| Developmentexpenditure | ||
| Including:dataresource | ||
| Goodwill | 88,036,557 | 101,149,082 |
| Long-termdeferredexpenses | 284,198,312 | 298,793,702 |
| Deferredtaxassets | 198,531,804 | 221,993,099 |
| Othernon-currentassets | 2,572,310 | 3,554,409 |
| TotalNon-CurrentAssets | 6,626,662,978 | 6,910,116,267 |
| TotalAssets | 12,157,409,575 | 12,520,474,218 |
| Currentliabilities： | ||
| Short-termloan | 227,244,070 | 216,140,346 |
| BorrowingsfromtheCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 379,256,076 | 417,510,439 |
| Advancesfromcustomers | ||
| Contractliabilities | 123,505,943 | 128,090,353 |
| Sales/buybackfinancialassets | ||
| Customerandinterbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Wagepayable | 132,186,879 | 166,704,917 |
| Taxpayable | 138,963,975 | 189,147,054 |
| Otheraccountspayable | 343,015,102 | 398,149,521 |
| Including:Interestpayable | ||
| Dividendpayable | 420,120 | |
| Payablehandlingfeesandcommission | ||
| Dividendpayableforreinsurance | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | 72,440,681 | 79,949,769 |
| Othercurrentliabilities | 16,638,038 | 40,764,242 |
| TotalCurrentLiabilities | 1,433,250,764 | 1,636,456,641 |
| Non-CurrentLiabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 69,981,500 | 50,637,203 |
| Bondspayable | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities |
| Leaseliability | 20,310,644 | 27,542,829 |
| Long-termaccountspayable | ||
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 23,704,580 | 25,938,817 |
| Deferredtaxliabilities | 6,680,928 | 7,344,165 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 120,677,652 | 111,463,014 |
| Totalliabilities | 1,553,928,416 | 1,747,919,655 |
| Owner’sequity(orshareholders’equity): | ||
| Capitalstock | 671,823,900 | 671,823,900 |
| Otherequityinstruments | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 482,143,547 | 482,143,547 |
| Minus:treasurystock | 170,559,758 | 70,704,426 |
| Othercomprehensiveincome | -24,926,247 | -39,714,972 |
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Generalriskpreparation | ||
| Undistributedprofits | 9,151,713,106 | 9,232,928,370 |
| Totalowner'sequityattributabletotheholdingcompany | 10,452,926,548 | 10,619,208,419 |
| Minorityinterests | 150,554,611 | 153,346,144 |
| Totalowner'sequity | 10,603,481,159 | 10,772,554,563 |
| Totalliabilitiesandowner'sequity | 12,157,409,575 | 12,520,474,218 |
Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:GuoCuimei;Personinchargeofaccountingorgan:GuoCuimei
②Consolidatedprofitstatement
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Revenue | 2,115,970,388 | 2,197,300,790 |
| Including:Operatingincome | 2,115,970,388 | 2,197,300,790 |
| Interestincome | ||
| Earnedpremium | ||
| Handlingfeesandcommissionincome | ||
| 2.Totaloperatingcosts | 1,865,903,747 | 1,924,329,373 |
| Including:Operatingcosts | 887,474,818 | 900,158,317 |
| Interestexpenditure | ||
| Handlingfeesandcommissionexpenditure |
| Premiumrebate | ||
| Netamountofindemnityexpenditure | ||
| Netamountofinsurancecontractreservefundwithdrawal | ||
| Policybonuspayment | ||
| Amortizedreinsuranceexpenditures | ||
| Taxesandsurcharges | 159,652,328 | 171,078,533 |
| Sellingexpenses | 630,938,743 | 640,763,707 |
| Administrativeexpenses | 188,042,944 | 199,964,997 |
| Researchanddevelopmentexpenditure | 13,068,257 | 10,555,502 |
| Financialexpenses | -13,273,343 | 1,808,317 |
| Including:Interestexpenses | 7,564,187 | 13,457,377 |
| Interestincome | 9,474,824 | 15,315,624 |
| Plus:Otherincome | 26,016,594 | 41,596,346 |
| Investmentprofit(lossislistedwith"-") | 1,529,675 | -1,205,421 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | 488,276 | -1,205,421 |
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Exchangeincome(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | 160,681 | 4,942,135 |
| Lossforimpairmentofassets(lossislistedwith"-") | -3,906,302 | -1,568,141 |
| Assetsdisposalincome(lossislistedwith"-") | 304,638 | -201,360 |
| 3.Operatingprofit(lossislistedwith"-") | 274,171,927 | 316,534,976 |
| Plus:Non-operatingincome | 2,165,880 | 2,930,750 |
| Minus:Non-operatingexpenditure | 2,565,728 | 2,172,597 |
| 4.Totalprofits(totallossislistedwith"-") | 273,772,079 | 317,293,129 |
| Minus:Incometaxes | 82,107,142 | 93,025,768 |
| 5.Netprofit(netlossislistedwith"-") | 191,664,937 | 224,267,361 |
| （一）Classificationbycontinuousoperation | ||
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | 191,664,937 | 224,267,361 |
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| (二)Classificationbyownership | ||
| 1.Netprofitsattributetoequityholdersofthecompany | 187,514,296 | 223,954,132 |
| 2.Minorityinterests | 4,150,641 | 313,229 |
| 6.Netvalueofothercomprehensiveincomeaftertax | 15,993,830 | -6,912,567 |
| 6.1Netvalueofothercomprehensiveincomeaftertaxofholdingcompany'sowners | 14,788,725 | -6,279,805 |
| 6.1.1Othercomprehensiveincomethatwillnotbeclassifiedintotheprofitandloss |
| 6.1.1.1Changesofthedefinedbenefitplansthatre-measured | ||
| 6.1.1.2Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss | ||
| 6.1.1.3Changeoffairvalueofinvestmentinotherequityinstrument | ||
| 6.1.1.4Fairvaluechangeofenterprise'screditrisk | ||
| 6.1.1.5Other | ||
| 6.1.2Othercomprehensiveincomethatwillbeclassifiedintotheprofitandloss | 14,788,725 | -6,279,805 |
| 6.1.2.1Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss | ||
| 6.1.2.2Changeoffairvalueofotherdebtinvestment | ||
| 6.1.2.3Amountoffinancialassetsre-classifytoothercomprehensiveincome | ||
| 6.1.2.4Creditimpairmentprovisionforotherdebtinvestment | ||
| 6.1.2.5Cashflowhedgingreserve | ||
| 6.1.2.6Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements | 14,788,725 | -6,279,805 |
| 6.1.2.7Other | ||
| 6.2Netvalueofothercomprehensiveincomeaftertaxofminorityshareholders | 1,205,105 | -632,762 |
| 7.TotalcomprehensiveIncome | 207,658,767 | 217,354,794 |
| Totalcomprehensiveincomeofholdingcompany | 202,303,021 | 217,674,327 |
| Totalcomprehensiveincomeofminorityshareholders | 5,355,746 | -319,533 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.28 | 0.32 |
| 8.2Dilutedearningspershare | 0.28 | 0.32 |
Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofitamountofCNY0beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY0inthepriorperiod.Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:GuoCuimei;Personinchargeofaccountingorgan:GuoCuimei③Consolidatedcashflowstatement
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Cashflowsfromoperatingactivities: |
| Cashreceivedfromsalesofgoodsandrendingofservices | 2,325,057,608 | 2,503,809,825 |
| Netincreaseincustomerandinterbankdeposits | ||
| Netincreaseinborrowingsfromcentralbank | ||
| Netincreaseinborrowingsfromotherfinancialinstitutions | ||
| Cashreceivedfromreceivinginsurancepremiumoforiginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofdepositofinsuredandinvestmentfund | ||
| Cashreceivedfromcollectinginterest,handlingfeesandcommission | ||
| Netincreaseinborrowings | ||
| Netincreaseinrepurchasementbusinessfunds | ||
| Netcashreceivedfromsecuritiestradingagency | ||
| Taxrefundreceived | 35,773,264 | 23,927,043 |
| Othercashreceivedrelatedtooperatingactivities | 50,093,751 | 62,382,296 |
| Sub-totalofcashinflowsofoperatingactivities | 2,410,924,623 | 2,590,119,164 |
| Cashpaidforgoodsandservices | 916,444,213 | 1,023,816,465 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositsincentralbankandinterbankdeposits | ||
| Cashpaidtooriginalinsurancecontractpayments | ||
| Netincreaseinlendingfunds | ||
| Cashpaidtointerest,handlingfeesandcommission | ||
| Cashpaidtopolicybonus | ||
| Cashpaidtoandonbehalfofemployees | 308,857,930 | 362,302,425 |
| Cashpaidfortaxesandexpenses | 461,010,537 | 561,159,394 |
| Othercashpaidrelatedtooperatingactivities | 366,699,600 | 460,566,856 |
| Sub-totalofcashoutflowsofoperatingactivities | 2,053,012,280 | 2,407,845,140 |
| Netcashflowfromoperatingactivities | 357,912,343 | 182,274,024 |
| 2.Cashflowfrominvestingactivities: | ||
| Cashreceivedfromreturnofinvestment | 51,000,000 | 436,000,000 |
| Cashreceivedfromobtaininginvestmentprofit | 1,674,162 | 3,509,149 |
| Cashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 114,536,468 | 235,105 |
| Netcashreceivedfromdisposalofbranchandotherbusinessunit | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Sub-totalofcashinflowsofinvestmentactivities | 167,210,630 | 439,744,254 |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong-termassets | 57,165,731 | 84,569,271 |
| Cashforinvestments | 18,000,000 | 268,602,343 |
| Netincreaseinhypothecatedloan | ||
| Netcashpaidtoacquirebranchandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | 1,684,581 | |
| Subtotalofcashoutflowsofinvestmentactivities | 76,850,312 | 353,171,614 |
| Netcashflowfrominvestingactivities | 90,360,318 | 86,572,640 |
| 3.Cashflowfromfinancingactivities | ||
| Cashreceivedfromacquiringinvestment | ||
| Cashreceivedfromacquiringminorityshareholders'investmentbybranch | ||
| Cashreceivedfromacquiringloans | 375,943,769 | 480,462,031 |
| Othercashreceivedrelatedtofinancingactivities | ||
| Sub-totalcashinflowsoffinancingactivities | 375,943,769 | 480,462,031 |
| Cashpaidtorepaydebts | 347,349,459 | 600,833,608 |
| Cashpaidtodistributedividend,profitorpayinterest | 282,464,867 | 363,243,859 |
| Dividendandprofitpaidtominorityshareholdersbybranch | ||
| Othercashpaidrelatedtofinancingactivities | 115,453,236 | 209,980,372 |
| Sub-totalofcashoutflowsoffinancingactivities | 745,267,562 | 1,174,057,839 |
| Netcashflowfromfinancingactivities | -369,323,793 | -693,595,808 |
| 4.Influencesofexchangeratefluctuationoncashandcashequivalents | 2,524,765 | -1,214,374 |
| 5.NetIncreaseofcashandcashequivalents | 81,473,633 | -425,963,518 |
| Plus:balanceatthebeginningoftheperiodofcashandcashequivalents | 1,717,727,551 | 1,963,155,752 |
| 6.Balanceattheendoftheperiodofcashandcashequivalents | 1,799,201,184 | 1,537,192,234 |
2)Thefirstimplementationofthenewaccountingstandardsfrom2025adjuststhefirstimplementationoftherelevantitemsinthefinancialstatementsatthebeginningoftheyear?Applicable?Inapplicable
3)AuditreportWhethertheThirdQuarterReporthasbeenaudited
□Yes?NoTheThirdQuarterReporthasnotbeenaudited.
YantaiChangyuPioneerWineCo.,Ltd.
BoardofDirectorsOctober25,2025