张裕B：2026年一季度报告(英文版)
StockCode:000869,200869StockAbbreviation:ChangyuA,ChangyuBAnnouncementNo.:2026-Final02
YantaiChangyuPioneerWineCo.,Ltd.
2026FirstQuarterReport
Thiscompanyandallboardmembersguaranteethetruthfulness,accuracyandcompletenessofdisclosedcontentsaswellasnounfaithfulfacts,misleadingstatementsorsignificantomissions.
ImportantNotice
1.TheCompany’sboardofdirectors,directorsandseniorexecutivesguaranteethetruthfulness,accuracyandcompletenessofcontentscontainedinthisquarterreportaswellasnounfaithfulfacts,misleadingstatementsorsignificantomissionsandundertakeindividualandcollectivelegalliabilities.
2.ThepersoninchargeoftheCompany,thepersoninchargeofaccountingworkandthepersoninchargeofaccountinginstitution(personinchargeofaccounting)declaretoassurethetruthfulness,accuracyandcompletenessofthefinancialinformationinthisquarterreport.
3.WhethertheFirstQuarterReporthasbeenaudited□Yes?No
1.MajorFinancialData
1)KeyaccountingdataandfinancialindicatorsWhethertheCompanyneedstomakeretroactiveadjustmentsorrestatetheaccountingdataofpreviousfiscalyears.?Yes?No
Thisreportperiod
| Thisreportperiod | Thesameperiodoflastyear | Moreorlessthanthesameperiodoflastyear(%) | |
| Operatingrevenue(CNY) | 878,124,848 | 810,921,680 | 8.29% |
| Netprofitattributedtotheshareholdersofthelistedcompany(CNY) | 148,506,918 | 159,276,876 | -6.76% |
| Netprofitattributedtotheshareholdersofthelistedcompanyafterdeductingthenon-recurringprofitandloss(CNY) | 143,379,277 | 152,773,333 | -6.15% |
| Netcashflowsfromtheoperatingactivities(CNY) | 183,769,016 | 21,194,646 | 767.05% |
| Basicearningspershare(CNY) | 0.23 | 0.24 | -4.17% |
| Dilutedearningspershare(CNY) | 0.23 | 0.24 | -4.17% |
| Weightedaverageforearningrateofthenetassets | 1.43% | 1.49% | -0.06% |
| Theendofthisreportperiod | Theendoflastyear | Moreorlessthantheendoflastyear(%) | |
| Totalassets(CNY) | 12,090,563,964 | 12,050,601,981 | 0.33% |
| Owners’equityattributedtotheshareholdersofthelistedcompany(CNY) | 10,488,033,936 | 10,347,247,577 | 1.36% |
2)Itemandamountofnon-recurringprofitandloss?Applicable□Inapplicable
Unit：
CNY
| Item | Amountinthisreportperiod | Explanation |
| Gainsandlossesondisposalofnon-currentassets(includingthewrite-offpartoftheprovisionforimpairmentofassets) | -4,393 | |
| Governmentgrantscreditedinprofitandloss(exceptforthosecontinuously-enjoyednormedorquantitativegovernmentgrantsthatarecloselyrelatedtotheentity’snormaloperation,inlinewithnationalpolicyandregulationandbasedoncertaincriteria) | 6,926,422 | |
| Othernon-operatingincomeandexpensesexceptfortheaboveitems | 724,532 | |
| Less:Incometaxeffect | 1,861,970 | |
| Minorityinterestseffect(after-tax) | 656,950 | |
| Total | 5,127,641 | -- |
Detailsofotherprofitandlossitemsinlinewiththeidentificationofnon-recurringprofitandloss
□Applicable?InapplicableTherearenoexisteddetailsofotherprofitandlossitemsinlinewiththeidentificationofnon-recurringprofitandlossExplanationforsituationthatnon-recurringprofitandlossitemsaredefinedasrecurrentprofitandlossitemsinaccordancewiththeExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-Non-recurringProfitandLoss
□Applicable?InapplicableThereisnosituationthatnon-recurringprofitandlossitemsaredefinedasrecurrentprofitandlossitemsinaccordancewiththeExplanatoryAnnouncementonPublicCompany’sInformationDisclosureNo.1-Non-recurringProfitandLoss.
3)Situationandreasonforthechangeinkeyaccountingdataandfinancialindicators?Applicable□Inapplicable
Unit:CNY
Items
| Items | Endingbalance | BeginningBalance | Increase/Decrease% | CauseofChange |
| Notesreceivable | 63,342 | 102,342 | -38.11% | Mainlyduetothematurityandpaymentofsomeofthebillsinthisperiod. |
| Accountsreceivable | 198,416,301 | 264,932,724 | -25.11% | Mainlyduetotherecoveryofpreviousreceivablesinthecurrentperiod. |
| Receivablefinancing | 299,605,503 | 228,073,841 | 31.36% | Mainlyduetotheincreaseinthereceiptofbankacceptancedraftsduringthereportingperiod. |
| Constructioninprogress | 6,910,820 | 4,313,088 | 60.23% | Mainlyduetotheincreaseinconstructionprojectsinthisperiod. |
| Right-of-useasset | 91,479,854 | 55,252,509 | 65.57% | Mainlyduetotheexistenceofnewleasecontractsinthisperiod. |
| Othercurrentliabilities | 17,712,658 | 27,193,862 | -34.87% | Mainlyduetothedecreaseintheamountofdeferredsalestaxandthereductioninprovisionsforliabilities. |
| Leaseliabilities | 49,884,331 | 19,437,830 | 156.64% | Mainlyduetotheexistenceofnewleasecontractsinthisperiod. |
| Othercomprehensiveincome | -24,050,269 | -16,329,710 | -47.28% | Mainlyduetothedeclineinexchangerates. |
| Items | Currentamount | Amountincurredinthepreviousperiod | Increase/Decrease% | CauseofChange |
| Taxesandsurcharges | 53,760,289 | 39,663,507 | 35.54% | Mainlyduetothelargenumberofbrandyproductssoldinthisperiod. |
| Non-operatingincome | 805,169 | 411,110 | 95.85% | Mainlyduetotheincreaseinfinesandconfiscationsinthisperiod. |
Non-operatingexpenses
| Non-operatingexpenses | 85,028 | 123,065 | -30.91% | Mainlyduetothereductioninfines,liquidateddamagesandotherpenaltiesinthisperiod. |
| Financialexpenses | 7,702,112 | -722,936 | Inapplicable | Mainlyduetotheincreaseinexchangelosses. |
| Creditimpairmentloss | 549,171 | 2,290,245 | -76.02% | Mainlyduetothedecreaseinaccountsreceivable. |
| Assetimpairmentloss | 1,710,889 | -784,085 | Inapplicable | Mainlyduetothedecreaseininventoryimpairment. |
| Assetdisposalgain | 0 | 359,104 | -100.00% | Mainlyduetothefactthattherewasnoassetdisposalinthisperiod. |
| Cashreceivedfromrecoveringtheinvestment | - | 21,000,000 | -100% | Mainlyduetothedecreaseinthecashreceivedfromthewithdrawaloffixeddeposits. |
| Cashreceivedfrominvestmentincome | 28,639 | 511,062 | -94.40% | Mainlyduetothereductionintheinterestreceivedfromthecurrentperiod'sfixeddeposit. |
| Netcashreceivedfromthedisposaloffixedassets,intangibleassetsandotherlong-termassets | 6,000,000 | 100,007,058 | -94% | Mainlyduetothereductionofthecompensationfortherecoveryanddisposalofthegrapebaseduringthereportingperiodcomparedwithlastyear. |
| Cashpaidforotheritemsrelatedtofinancingactivities | 6,898,131 | 3,120,750 | 121.04% | Mainlyduetotheincreaseincashpaidforleasesduringthereportingperiod. |
2.Informationofshareholders
1)Thenumberofthecommonshareholdersandpreferredshareholderswithrecoveredvotingpoweraswellastheshareholdingoftop10shareholders
Unit:share
Totalnumberofcommonshareholdersattheendofreportperiod
| Totalnumberofcommonshareholdersattheendofreportperiod | 41,524 | Totalnumberofpreferredshareholderswithrecoveredvotingpowerattheendofreportperiod(ifhave) | 0 | ||||||
| Shareholdingoftop10shareholders | |||||||||
| NameofShareholders | Characterofshareholders | Percentage(%) | Sharesheld | Numberofrestrictedshares | Pledgedorfrozen | ||||
| Sharestatus | Amount | ||||||||
| YANTAICHANGYUGROUPCO.,LTD. | Domesticnon-statelegalperson | 52.56% | 345,473,856 | 0 | Inapplicable | 0 | |||
| FengdiJIANG | Domesticnaturalperson | 0.67% | 4,410,000 | 0 | Inapplicable | 0 | |||
| HairongHU | Domesticnaturalperson | 0.53% | 3,464,035 | 0 | Inapplicable | 0 | |||
| VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | Foreignlegalpersonperson | 0.52% | 3,446,137 | 0 | Inapplicable | 0 | |||
| SocialSecurityFund114 | Other | 0.52% | 3,425,055 | 0 | Inapplicable | 0 | |||
| HONGKONGSECURITIESCLEARINGCOMPANYLIMITED | Foreignlegalperson | 0.49% | 3,223,590 | 0 | Inapplicable | 0 | |||
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | Foreignlegalperson | 0.47% | 3,087,201 | 0 | Inapplicable | 0 | |||
| SocialSecurityFund413 | Other | 0.46% | 3,000,060 | 0 | Inapplicable | 0 | |||
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | Foreignlegalperson | 0.37% | 2,461,494 | 0 | Inapplicable | 0 | |||
| NORGESBANK | Foreignlegalperson | 0.35% | 2,333,030 | 0 | Inapplicable | 0 | |||
| Shareholdingoftop10shareholderswithunrestrictedshares(Excludinglendingsharesthroughrefinancingbusinessandseniorexecutives’lockedshares) | |||||||||
| NameofShareholders | Numberofunrestrictedsharesheld | Typeofshare | |||||||
| Typeofshare | Amount | ||||||||
| YANTAICHANGYUGROUPCO.,LTD. | 345,473,856 | Ashare | 345,473,856 | ||||||
| FengdiJIANG | 4,410,000 | Ashare | 4,410,000 | ||||||
| HairongHU | 3,464,035 | Ashare | 3,464,035 | ||||||
| VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | 3,446,137 | Bshare | 3,446,137 | ||||||
| SocialSecurityFund114 | 3,425,055 | Ashare | 3,425,055 | ||||||
| HONGKONGSECURITIESCLEARINGCOMPANYLIMITED | 3,223,590 | Ashare | 3,223,590 | ||||||
VANGUARDEMERGINGMARKETSSTOCKINDEXFUND
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | 3,087,201 | Bshare | 3,087,201 |
| SocialSecurityFund413 | 3,000,060 | Ashare | 3,000,060 |
| HaitongInternationalSecuritiesCompanyLimited-AccountClient | 2,461,494 | Bshare | 2,461,494 |
| NORGESBANK | 2,333,030 | Bshare | 2,333,030 |
| Theexplanationfortheassociatedrelationshipandaccordantactionofthetop10shareholders | Amongthetop10shareholders,YantaiChangyuGroupCompanyLimitedhasnoassociatedrelationshiporaccordantactionrelationshipwiththeother9listedshareholders,andtherelationshipamongtheothershareholdersisunknown. | ||
| Explanationforthetop10commonshareholderswhoinvolvedinfinancingactivitiesandstocktradingbusiness(ifany) | None | ||
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 | 2,071,552,463 | 1,890,611,804 |
| Pettycash | ||
| Lendingfunds | ||
| Transactionalfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 63,342 | 102,342 |
| Accountsreceivable | 198,416,301 | 264,932,724 |
| ReceivablesFinancing | 299,605,503 | 228,073,841 |
| Accountsprepaid | 57,802,413 | 54,011,809 |
| Premiumsreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Receivablereservesforreinsurancecontract | ||
| Otherreceivables | 125,759,756 | 127,713,309 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventory | 2,753,312,350 | 2,836,077,209 |
| Including:dataresource | ||
| Contractassets | ||
| Assetsclassifiedasholdingforsale | ||
| Non-currentassetsexpireinoneyear | ||
| Othercurrentassets | 72,743,636 | 74,160,936 |
| TotalCurrentAssets | 5,579,255,764 | 5,475,683,974 |
| Non-currentAssets： | ||
| Offeringloansandimprest | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termaccountreceivable | ||
| Long-termequityinvestment | 24,598,294 | 26,656,197 |
| Investmentinotherequityinstrument | ||
| Othernon-currentfinancialassets | ||
| Realestateforinvestment | 18,675,367 | 19,900,228 |
| Fixedassets | 5,247,633,263 | 5,308,778,632 |
| Constructioninprogress | 6,910,820 | 4,313,088 |
| Biologicalassetsforproduction | 58,446,572 | 60,098,714 |
| Oilandgasassets | ||
| Right-of-useassets | 91,479,854 | 55,252,509 |
| Intangibleassets | 509,300,004 | 512,930,637 |
| Including:dataresource | ||
| Developmentexpenditure | ||
| Including:dataresource | ||
| Goodwill | 88,036,557 | 88,036,557 |
| Long-termdeferredexpenses | 278,094,714 | 283,227,056 |
| Deferredtaxassets | 188,089,020 | 215,680,654 |
| Othernon-currentassets | 43,735 | 43,735 |
| TotalNon-CurrentAssets | 6,511,308,200 | 6,574,918,007 |
| TotalAssets | 12,090,563,964 | 12,050,601,981 |
| Currentliabilities： | ||
| Short-termloan | 242,325,229 | 240,674,788 |
| BorrowingsfromtheCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliability | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 319,900,343 | 321,932,168 |
| Advancesfromcustomers | ||
| Contractliabilities | 136,251,215 | 135,067,463 |
| Sales/buybackfinancialassets | ||
| Customerandinterbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Wagepayable | 139,768,004 | 162,525,617 |
| Taxpayable | 140,141,000 | 158,558,934 |
| Otheraccountspayable | 246,939,791 | 332,855,775 |
| Including:Interestpayable | ||
| Dividendpayable | ||
| Payablehandlingfeesandcommission | ||
| Dividendpayableforreinsurance | ||
| Liabilitiesclassifiedasholdingforsale | ||
| Non-currentliabilitiesexpireinoneyear | 70,951,284 | 75,440,910 |
| Othercurrentliabilities | 17,712,658 | 27,193,862 |
| TotalCurrentLiabilities | 1,313,989,524 | 1,454,249,517 |
| Non-CurrentLiabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 61,387,678 | 52,374,840 |
| Bondspayable | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities |
| Leaseliability | 49,884,331 | 19,437,830 |
| Long-termaccountspayable | ||
| Long-termaccruedpayroll | ||
| Estimatedliabilities | ||
| Deferredincome | 17,616,157 | 19,386,932 |
| Deferredtaxliabilities | 7,399,498 | 6,613,894 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 136,287,664 | 97,813,496 |
| Totalliabilities | 1,450,277,188 | 1,552,063,013 |
| Owner’sequity(orshareholders’equity): | ||
| Capitalstock | 657,240,128 | 657,240,128 |
| Otherequityinstruments | ||
| Including:PreferredStock | ||
| Perpetualcapitalsecurities | ||
| Capitalreserve | 364,048,502 | 364,048,502 |
| Minus:treasurystock | 37,880,941 | 37,880,941 |
| Othercomprehensiveincome | -24,050,269 | -16,329,710 |
| Specialreserves | ||
| Surplusreserve | 342,732,000 | 342,732,000 |
| Generalriskpreparation | ||
| Undistributedprofits | 9,185,944,516 | 9,037,437,598 |
| Totalowner'sequityattributabletotheholdingcompany | 10,488,033,936 | 10,347,247,577 |
| Minorityinterests | 152,252,840 | 151,291,391 |
| Totalowner'sequity | 10,640,286,776 | 10,498,538,968 |
| Totalliabilitiesandowner'sequity | 12,090,563,964 | 12,050,601,981 |
Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:GuoCuimei;Personinchargeofaccountingorgan:GuoCuimei
②Consolidatedprofitstatement
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Revenue | 878,124,848 | 810,921,680 |
| Including:Operatingincome | 878,124,848 | 810,921,680 |
| Interestincome | ||
| Earnedpremium | ||
| Handlingfeesandcommissionincome | ||
| 2.Totaloperatingcosts | 670,698,281 | 593,133,648 |
| Including:Operatingcosts | 376,886,439 | 337,332,378 |
| Interestexpenditure | ||
| Handlingfeesandcommissionexpenditure |
| Premiumrebate | ||
| Netamountofindemnityexpenditure | ||
| Netamountofinsurancecontractreservefundwithdrawal | ||
| Policybonuspayment | ||
| Amortizedreinsuranceexpenditures | ||
| Taxesandsurcharges | 53,760,289 | 39,663,507 |
| Sellingexpenses | 170,997,122 | 157,682,309 |
| Administrativeexpenses | 55,929,386 | 54,009,741 |
| Researchanddevelopmentexpenditure | 5,422,933 | 5,168,649 |
| Financialexpenses | 7,702,112 | -722,936 |
| Including:Interestexpenses | 3,632,477 | 2,192,237 |
| Interestincome | 705,090 | 2,014,450 |
| Plus:Otherincome | 6,926,422 | 7,998,378 |
| Investmentprofit(lossislistedwith"-") | -2,057,902 | -2,344,929 |
| Including:Investmentprofitforjoint-runbusinessandjointventure | -2,057,902 | -2,344,929 |
| Terminationofrecognizedincomeoffinancialassetsmeasuredatamortizedcost(lossislistedwith"-") | ||
| Exchangeincome(lossislistedwith"-") | ||
| Netexposurehedgingincome(Lossislistedwith“-”) | ||
| Fairvaluechargeprofit(lossislistedwith"-") | ||
| Lossofcreditimpairment(lossislistedwith"-") | 549,171 | 2,290,245 |
| Lossforimpairmentofassets(lossislistedwith"-") | 1,710,889 | -784,085 |
| Assetsdisposalincome(lossislistedwith"-") | 359,104 | |
| 3.Operatingprofit(lossislistedwith"-") | 214,555,147 | 225,306,745 |
| Plus:Non-operatingincome | 805,169 | 411,110 |
| Minus:Non-operatingexpenditure | 85,028 | 123,065 |
| 4.Totalprofits(totallossislistedwith"-") | 215,275,288 | 225,594,790 |
| Minus:Incometaxes | 64,753,113 | 62,196,318 |
| 5.Netprofit(netlossislistedwith"-") | 150,522,175 | 163,398,472 |
| （一）Classificationbycontinuousoperation | ||
| 1.Netprofitfromcontinuousoperation(netlossislistedwith"-") | ||
| 2.Netprofitfromterminationaloperation(netlossislistedwith"-") | ||
| (二)Classificationbyownership | ||
| 1.Netprofitsattributetoequityholdersofthecompany | 148,506,918 | 159,276,876 |
| 2.Minorityinterests | 2,015,257 | 4,121,596 |
| 6.Netvalueofothercomprehensiveincomeaftertax | -8,774,367 | 6,114,112 |
| 6.1Netvalueofothercomprehensiveincomeaftertaxofholdingcompany'sowners | -7,720,559 | 5,426,561 |
| 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 | -7,720,559 | 5,426,561 |
| 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 | -7,720,559 | 5,426,561 |
| 6.1.2.7Other | ||
| 6.2Netvalueofothercomprehensiveincomeaftertaxofminorityshareholders | -1,053,808 | 687,551 |
| 7.TotalcomprehensiveIncome | 141,747,808 | 169,512,584 |
| Totalcomprehensiveincomeofholdingcompany | 140,786,359 | 164,703,437 |
| Totalcomprehensiveincomeofminorityshareholders | 961,449 | 4,809,147 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.23 | 0.24 |
| 8.2Dilutedearningspershare | 0.23 | 0.24 |
Duringthisreportperiod,theissuerelatestocompanyconsolidationundercommoncontrol,consolidatedpartycompletesnetprofitamountofCNY0beforebeingconsolidated,andconsolidatedpartycompletesnetprofitamountofCNY0inthesameperiodoflastyear.Legalrepresentative:ZhouHongjiang;Personinchargeofaccounting:GuoCuimei;Personinchargeofaccountingorgan:GuoCuimei③Consolidatedcashflowstatement
Unit:CNY
| Item | Amountinthisreportperiod | Amountinpriorreportperiod |
| 1.Cashflowsfromoperatingactivities: |
| Cashreceivedfromsalesofgoodsandrendingofservices | 902,377,984 | 860,570,278 |
| Netincreaseincustomerandinterbankdeposits | ||
| Netincreaseinborrowingsfromcentralbank | ||
| Netincreaseinborrowingsfromotherfinancialinstitutions | ||
| Cashreceivedfromreceivinginsurancepremiumoforiginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofdepositofinsuredandinvestmentfund | ||
| Cashreceivedfromcollectinginterest,handlingfeesandcommission | ||
| Netincreaseinborrowings | ||
| Netincreaseinrepurchasementbusinessfunds | ||
| Netcashreceivedfromsecuritiestradingagency | ||
| Taxrefundreceived | 10,029,529 | 11,471,958 |
| Othercashreceivedrelatedtooperatingactivities | 9,491,162 | 13,548,162 |
| Sub-totalofcashinflowsofoperatingactivities | 921,898,675 | 885,590,398 |
| Cashpaidforgoodsandservices | 289,305,041 | 392,516,845 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositsincentralbankandinterbankdeposits | ||
| Cashpaidtooriginalinsurancecontractpayments | ||
| Netincreaseinlendingfunds | ||
| Cashpaidtointerest,handlingfeesandcommission | ||
| Cashpaidtopolicybonus | ||
| Cashpaidtoandonbehalfofemployees | 118,790,745 | 128,544,949 |
| Cashpaidfortaxesandexpenses | 206,378,647 | 220,966,699 |
| Othercashpaidrelatedtooperatingactivities | 123,655,226 | 122,367,259 |
| Sub-totalofcashoutflowsofoperatingactivities | 738,129,659 | 864,395,752 |
| Netcashflowfromoperatingactivities | 183,769,016 | 21,194,646 |
| 2.Cashflowfrominvestingactivities: | ||
| Cashreceivedfromreturnofinvestment | 21,000,000 | |
| Cashreceivedfromobtaininginvestmentprofit | 28,639 | 511,062 |
| Cashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 6,000,000 | 100,007,058 |
| Netcashreceivedfromdisposalofbranchandotherbusinessunit | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Sub-totalofcashinflowsofinvestmentactivities | 6,028,639 | 121,518,120 |
| Cashpaidtoacquirefixedassets,intangibleassetandotherlong-termassets | 16,204,806 | 17,088,916 |
| Cashforinvestments | 30,000,000 | 15,000,000 |
| Netincreaseinhypothecatedloan | ||
| Netcashpaidtoacquirebranchandotherbusinessunit | ||
| Othercashpaidrelatedtoinvestmentactivities | ||
| Subtotalofcashoutflowsofinvestmentactivities | 46,204,806 | 32,088,916 |
| Netcashflowfrominvestingactivities | -40,176,167 | 89,429,204 |
| 3.Cashflowfromfinancingactivities | ||
| Cashreceivedfromacquiringinvestment | ||
| Cashreceivedfromacquiringminorityshareholders'investmentbybranch | ||
| Cashreceivedfromacquiringloans | 132,148,853 | 103,315,242 |
| Othercashreceivedrelatedtofinancingactivities | ||
| Sub-totalcashinflowsoffinancingactivities | 132,148,853 | 103,315,242 |
| Cashpaidtorepaydebts | 113,998,504 | 89,536,014 |
| Cashpaidtodistributedividend,profitorpayinterest | 3,798,536 | 4,298,665 |
| Dividendandprofitpaidtominorityshareholdersbybranch | ||
| Othercashpaidrelatedtofinancingactivities | 6,898,131 | 3,120,750 |
| Sub-totalofcashoutflowsoffinancingactivities | 124,695,171 | 96,955,429 |
| Netcashflowfromfinancingactivities | 7,453,682 | 6,359,813 |
| 4.Influencesofexchangeratefluctuationoncashandcashequivalents | 495,593 | 1,105,873 |
| 5.NetIncreaseofcashandcashequivalents | 151,542,124 | 118,089,536 |
| Plus:balanceatthebeginningoftheperiodofcashandcashequivalents | 1,839,128,089 | 1,717,727,551 |
| 6.Balanceattheendoftheperiodofcashandcashequivalents | 1,990,670,213 | 1,835,817,087 |
2)Thefirstimplementationofthenewaccountingstandardsfrom2026adjuststhefirstimplementationoftherelevantitemsinthefinancialstatementsatthebeginningoftheyear?Applicable?Inapplicable
3)AuditreportWhethertheFirstQuarterReporthasbeenaudited
□Yes?NoTheFirstQuarterReporthasnotbeenaudited.
YantaiChangyuPioneerWineCo.,Ltd.
BoardofDirectors
April28,2026
附件：公告原文