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Section 9 Financial Report Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report Final 2021-03 August 2021 1 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report Contents I、Important Notice，Contents and Definition ............................................................................. 4 II、Brief Introduction for the Company and Main Financial Indicators .................................. 6 III、Discussion and Analysis of Management Team .................................................................. 10 IV、Corporate Governance .......................................................................................................... 28 V、Environmental and Social Responsibility ............................................................................. 29 VI、Major issues ........................................................................................................................... 31 VII、Changes in Shares and the Shareholders’ Situation ......................................................... 41 VIII、Related Situation of Preferred Shares ................................................................................ 46 IX、Related Situation of Bonds ..................................................................................................... 46 X、Financial Report ...................................................................................................................... 47 2 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report Reference Documents (1)The original of 2021 Semi-annual Report autographed by the chairman. (2)The Financial Statements autographed and signed by the chairman, chief accountant and accountants in charge. (3)The Prospectus and Public Offering Announcement for Stock B in 1997; The Prospectus and The Shares’ Change & Public Offering Announcement for Stock A in 2000. (4) The originals of all documents and announcements that the Company made public during the report period in the newspapers designated by China Securities Regulatory Commission. 3 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report I. Important Notice, Contents and Definition The board of directors，the board of supervisors，directors, supervisors and senior executives of the Company guarantee the truthfulness, accuracy and completeness of the contents contained in the report with no false records, misleading statements or significant omissions, and undertake individual and joint legal liabilities. Mr. Zhou Hongjiang (Person in charge of the Company), Mr. Jiang Jianxun (Person in charge of accounting work) and Ms. Guo Cuimei (Person in charge of accounting organ & Accountant in charge) assure the truthfulness, accuracy and completeness of the financial report in the annual report. Except following directors, other directors have personally attended the meeting for deliberating the semi-annual report. Name of director not Position of director Reason of not attending the meeting not attending the attending the meeting Name of entrustee personally meeting personally personally Due to time conflict Dianxin CHEN Director Hongjiang ZHOU of official matters Regarding major risks that the Company may face during the production and management process, please refer to “10. Risks and response measures” in “III Discussion and Analysis of Management Team” in this report. Investors are suggested to read carefully and pay attention to investment risks. The Company has no plan to distribute cash dividends and bonus shares and capital reserve will not be transferred to equity. 4 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report Definition Definition Item Refers to Definition Content Company/The Company Refers to Yantai Changyu Pioneer Wine Co., Ltd. Changyu Group/Controlling Shareholder Refers to Yantai Changyu Group Co., Ltd. CSRC Refers to China Securities Regulatory Commission SSE Refers to Shenzhen Stock Exchange KPMG Huazhen Refers to KPMG Huazhen LLP (Limited Liability Partnership) CNY Refers to Chinese Yuan 5 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report II. Brief Introduction for the Company and Main Financial Indicators 1. Company’s information Stock Abbreviation Changyu A, Changyu B Stock Code 000869, 200869 Stock Abbreviation after Alteration - Place of Stock Listing Shenzhen Stock Exchange Legal Name in Chinese 烟台张裕葡萄酿酒股份有限公司 Abbreviation of Chinese Name 张裕 Legal Name in English YANTAI CHANGYU PIONEER WINE COMPANY LIMITED Abbreviation of English Name CHANGYU Legal Representative Hongjiang ZHOU 2. Contact person and information Secretary to the Board of Directors Authorized Representative of Securities Affairs Name Jianxun JIANG Tingguo LI Address 56 Dama Road, Yantai, Shandong, China 56 Dama Road, Yantai, Shandong, China Tel. 0086-535-6602761 0086-535-6633656 Fax. 0086-535-6633639 0086-535-6633639 E-mail [email protected] [email protected] 3. Other information 1) Contact information of the Company Whether there is any change in the Company’s registered address, office address, corresponding postcode, website address and email address during the report period Available Not available There is no change in the Company’s registered address, office address, corresponding postcode, website address and email address during the report period. Please refer to 2020 Annual Report for detailed information. 2) Information disclosure and filing location Whether there is any change in Information disclosure and filing location during the report period Available Not available There is no change in the name of the newspaper for information disclosure, the address of 6 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report the website designated by the China Securities Regulatory Commission for publishing the semi-annual report, and the filing location of the Company’s semi-annual report selected by the Company during the report period. Please refer to 2020 Annual Report for detailed information. 4. Key accounting data and financial indicators Whether the Company needs to retrospectively adjust or restate the accounting data of previous fiscal years. Yes No Reason for retrospectively adjusting or restating the accounting data Amalgamation of enterprise under the same control More or less than In the same period of last year the same period of During the report last year (%) period After Before adjustment After adjustment adjustment Operating revenue (CNY) 1,874,460,437 1,401,606,792 1,418,548,547 32.14% Net profit attributed to shareholders of the 371,821,819 307,035,572 318,640,075 16.69% listed company (CNY) Net profit attributed to shareholders of the listed company after deducting non-recurring 353,676,042 266,766,849 266,766,849 32.58% profits and losses (CNY) Net cash flows from operating activities (CNY) 455,935,149 -29,652,821 -16,518,752 2,860.11% Basic earnings per share (CNY/share) 0.54 0.45 0.46 17.39% Diluted earnings per share (CNY/share) 0.54 0.45 0.46 17.39% Weighted average for earning rate of net assets 3.57% 2.93% 2.99% 0.58% (CNY) More or less than At the end of last year the end of last year At end of this (%) report period After Before adjustment After adjustment adjustment Total assets (CNY) 13,369,160,872 13,286,972,498 13,102,481,541 2.04% Net Assets attributed to shareholders of the 10,333,217,946 10,131,114,317 10,267,832,644 0.64% listed company (CNY) 5. Differences in accounting data under PRC accounting standards and international accounting standards 1) Differences of net profit and net asset in the financial report disclosed according to 7 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report both international accounting standards and PRC accounting standards Available Not available Unit：CNY Net profit attributed to the shareholders of Net Assets attributed to the shareholders of the listed company the listed company Current period Last period End of period Beginning of period According to PRC 371,821,819 318,640,075 10,333,217,946 10,257,200,222 accounting standards Item and amount adjusted according to international accounting standards According to international 371,821,819 318,640,075 10,333,217,946 10,257,200,222 accounting standards 2) Differences of net profit and net asset in the financial report disclosed according to both foreign accounting standards and PRC accounting standards Available Not available There are no differences of net profit and net asset in the financial report disclosed according to both foreign accounting standards and PRC accounting standards during the report period. 3) Explanation of the differences in accounting data under domestic and overseas accounting standards Available Not available 6. Item and amount of irregular gains and losses Available Not available Unit：CNY Item Amount Explanation Government grants credited in current profit and loss (except for government grants that are closely related to the entity’s business and are enjoyed with a 21,978,695 quota or with a limited quantity in accordance with national uniform standard) Other non-operating income and expenditure besides above-mentioned items 1,919,057 Less: Amount affected by income tax 5,737,342 Amount affected by minority equity (after tax) 14,633 Total 18,145,777 - The reasons shall be made clear and definitely as to the irregular profit and loss that the 8 Yantai Changyu Pioneer Wine Co., Ltd. 2021 Semi-annual Report Company has defined by virtue of the Explanatory Notice on Public Company’s Information Disclosure No.1 - Irregular Profit and Loss and as to regarding
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