ANHUI GUJING DISTILLERY COMPANY LIMITED

THIRD QUARTERLY REPORT 2026

October 2026Third Quarterly Report 2026

Stock Code: 000596 200596 Stock Name: Gujing Distillery Gujing Distillery-B Announcement No. 2026-024

ANHUI GUJING DISTILLERY COMPANY LIMITED

THIRD QUARTERLY REPORT 2026

Anhui Gujing Distillery Company Limited (hereinafter referred to as the “Company”) and all

the members of the Company’s Board of Directors hereby guarantee that the contents of this

Report are true accurate and complete and free of any misrepresentations misleading

statements or material omissions.Important Notes:

1. The Board of Directors (or the “Board”) as well as the directors and senior management of the Company hereby guarantee that the

contents of this Report are true accurate and complete and free of any misrepresentations misleading statements or material omissions

and collectively and individually accept legal responsibility for such contents.

2. The Company’s legal representative Chief Accountant and head of the financial department (equivalent to financial manager) hereby

guarantee that the financial statements carried in this Report are truthful accurate and complete.

3. Indicate by tick mark whether the financial statements in this Report have been audited by an independent auditor.

□Yes □ No

I Key Financial Information

(I) Key Accounting Data and Financial Indicators

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□Applicable □ Not applicable

Q3 2026 YoY change (%) Q1-Q3 2026 YoY change (%)

Operating revenue

2638711370.37 3.69% 12770107297.48 -22.25%

(RMB)

Net profit attributable

to the listed company’s 95449317.14 -68.04% 2259829245.31 -42.94%

shareholders (RMB)

Net profit attributable

to the listed company’s

shareholders before 86768927.56 -69.18% 2236798370.13 -42.76%

exceptional gains and

losses (RMB)

Net cash generated

from/used in operating — — 2120940108.46 -19.27%

activities (RMB)

Basic earnings per 0.18 -67.86% 4.28 -42.86%

Third Quarterly Report 2026

share (RMB/share)

Diluted earnings per

0.18 -67.86% 4.28 -42.86%

share (RMB/share)

Weighted average

0.38% -0.80% 9.00% -6.48%

return on equity (%)

September 30 2026 December 31 2025 Change (%)

Total assets (RMB) 36157637321.02 38197033001.78 -5.34%

Equity attributable to

the listed company’s 24986893075.67 25050216942.36 -0.25%

shareholders (RMB)

(II) Exceptional Gains and Losses

□ Applicable □ Not applicable

Unit: RMB

Item Q3 2026 Q1-Q3 2026 Note

Gain or loss on disposal of

non-current assets (inclusive

372150.55 -2824142.40

of impairment allowance

write-offs)

Government grants

recognized in profit or loss

(exclusive of those that are

closely related to the

Company's normal business

operations and given in 1124160.00 4935784.84

accordance with defined

criteria and in compliance

with government policies and

have a continuing impact on

the Company's profit or loss)

Gain or loss on fair-value

changes in financial assets

and liabilities held by a non-

financial enterprise as well as

on disposal of financial assets

4304723.59 9030545.47

and liabilities (exclusive of

the effective portion of hedges

that is related to the

Company's normal business

operations)

Non-operating income and

6366183.89 21697038.69

expense other than the above

Third Quarterly Report 2026

Less: Income tax effects 2872920.00 7962246.72

Non-controlling interests

613908.45 1846104.70

effects (net of tax)

Total 8680389.58 23030875.18 --

Particulars about other gains and losses that meet the definition of exceptional gain/loss:

□ Applicable □ Not applicable

No such cases for the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.

1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:

□ Applicable □ Not applicable

No such cases for the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of why

□ Applicable □ Not applicable

Unit: RMB

Balance sheet September 30 Change

January 1 2026 Main reason for change

items 2026 (%)

Increase in manufacturing overhead transferred in

Prepayments 184102543.23 115292227.12 59.68%

during the summer suspension of Baijiu production.Other receivables 60375319.80 45651277.81 32.25% Increase in prepaid promotion expenses.Investment property 9977482.36 16036411.82 -37.78% Recovery of building space that was rented out.Notes payable 564839516.61 1472240813.01 -61.63% Maturity and redemption of notes.Contract liabilities 958062334.87 1519882489.70 -36.96% Decreased sales orders.Other

Increased changes in the fair value of investments

comprehensive 8767401.09 6080513.09 44.19%

in other equity instruments.income

Income statement Change

Q1-Q3 2026 Q1-Q3 2025 Main reason for change

items (%)

Gain on changes in Increase in changes in fair value of bank wealth

3252901.86 405625.78 701.95%

fair value management products.Net profit 2299668208.47 4083496510.27 -43.68% Decrease in operating revenue.Cash flow Change

Q1-Q3 2026 Q1-Q3 2025 Main reason for change

statement items (%)

Increase in income tax rebates received from the

Tax and levy rebates 51052957.59 4395422.58 1061.50%

annual final settlement.Cash generated

from other 1834274092.92 1087298979.00 68.70% Increased recovery of restricted funds.operating activities

Proceeds from Increased recovery of reverse repurchases of

9576587000.00 4302278000.00 122.59%

disinvestment treasury bonds upon maturity.Payments for

10017112000.00 4930537000.00 103.16% Increased reverse repurchases of treasury bonds.

investments

Third Quarterly Report 2026

II Shareholder Information

(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as

Holdings of Top 10 Shareholders

Unit: share

Number of preference

Number of ordinary shareholders at shareholders with resumed

58622 0

the period-end voting rights at the period-end

(if any)

Top 10 shareholders (exclusive of shares lent in refinancing)

Name of Nature of Shareholding Restricted shares Shares in pledge marked or frozen

Total shares held

shareholder shareholder percentage held Status Shares

ANHUI GUJING

GROUP State-owned legal

51.34% 271404022 In pledge 30000000

COMPANY person

LIMITED

BANK OF

CHINA-CHINA

MERCHANTS

CHINA

SECURITIES

Other 3.83% 20230228 N/A

BAIJIU INDEX

CLASSIFICATION

SECURITIES

INVESTMENT

FUND

CHINA

INTERNATIONAL

CAPITAL Overseas legal

1.65% 8700078 N/A

CORPORATION person

HONGKONG

SECURITIES LTD

AGRICULTURAL

BANK OF CHINA

－E FUND

CONSUMPTION

Other 1.40% 7389527 N/A

SECTOR STOCK

SECURITIES

INVESTMENT

FUND

GREENWOODS Overseas legal 1.14% 6049760 N/A

Third Quarterly Report 2026

CHINA ALPHA person

MASTER FUND

CHINA

CONSTRUCTION

BANK

CORPORATION－

PENGHUA

CHINA

SECURITIES Other 0.99% 5210251 N/A

WINE & LIQUOR

TRADED OPEN-

ENDED INDEX

SECURITIES

INVESTMENT

FUND

INDUSTRIAL

AND

COMMERCIAL

BANK OF CHINA

LIMITED-

INVESCO GREAT

WALL Other 0.95% 5000000 N/A

EMERGING

GROWTH

HYBRID

SECURITIES

INVESTMENT

FUND

HONG KONG

SECURITIES Overseas legal

0.92% 4888682 N/A

CLEARING person

COMPANY LTD.

3W GLOBAL Overseas legal

0.85% 4469528 N/A

FUND person

UBS (LUX)

EQUITY FUND -

Overseas legal

CHINA 0.84% 4466045 N/A

person

OPPORTUNITY

(USD)

Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of senior management)

Shares by class

Name of shareholder Unrestricted ordinary shares held

Class Shares

Third Quarterly Report 2026

RMB-

ANHUI GUJING GROUP

271404022 denominated 271404022

COMPANY LIMITED

ordinary stock

BANK OF CHINA-CHINA

RMB-

MERCHANTS CHINA SECURITIES

20230228 denominated 20230228

BAIJIU INDEX CLASSIFICATION

ordinary stock

SECURITIES INVESTMENT FUND

CHINA INTERNATIONAL Domestically

CAPITAL CORPORATION 8700078 listed overseas 8700078

HONGKONG SECURITIES LTD stock

AGRICULTURAL BANK OF

RMB-

CHINA－E FUND CONSUMPTION

7389527 denominated 7389527

SECTOR STOCK SECURITIES

ordinary stock

INVESTMENT FUND

Domestically

GREENWOODS CHINA ALPHA

6049760 listed overseas 6049760

MASTER FUND

stock

CHINA CONSTRUCTION BANK

CORPORATION－PENGHUA

RMB-

CHINA SECURITIES WINE &

5210251 denominated 5210251

LIQUOR TRADED OPEN-ENDED

ordinary stock

INDEX SECURITIES

INVESTMENT FUND

INDUSTRIAL AND COMMERCIAL

BANK OF CHINA LIMITED- RMB-

INVESCO GREAT WALL 5000000 denominated 5000000

EMERGING GROWTH HYBRID ordinary stock

SECURITIES INVESTMENT FUND

RMB-

HONG KONG SECURITIES

4888682 denominated 4888682

CLEARING COMPANY LTD.ordinary stock

Domestically

3W GLOBAL FUND 4469528 listed overseas 4469528

stock

Domestically

UBS (LUX) EQUITY FUND -

4466045 listed overseas 4466045

CHINA OPPORTUNITY (USD)

stock

Among the shareholders above the Company’s controlling shareholder—Anhui Gujing

Related or acting-in-concert parties Group Company Limited—is not a related party of other shareholders; nor are they parties

among the shareholders above acting in concert as defined in the Administrative Measures on Information Disclosure of

Changes in Shareholding of Listed Companies. As for the other shareholders the Company

Third Quarterly Report 2026

does not know whether they are related parties or whether they belong to parties acting in

concert as defined in the Administrative Measures on Information Disclosure of Changes in

Shareholding of Listed Companies.Top 10 shareholders engaged in

N/A

securities margin trading (if any)

5% or greater shareholders top 10 shareholders and top 10 unrestricted shareholders involved in refinancing shares lending

□Applicable □ Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior

period

□Applicable □ Not applicable

(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them

□Applicable □ Not applicable

III Other Significant Events

□Applicable □ Not applicable

IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by Anhui Gujing Distillery Company Limited

September 30 2026

Unit: RMB

Item September 30 2026 January 1 2026

Current assets:

Monetary assets 11733466451.55 14187463729.81

Settlement reserve

Loans to other banks and financial

institutions

Held-for-trading financial assets 422252901.86 0.00

Derivative financial assets

Notes receivable

Accounts receivable 64863873.03 53996692.68

Receivables financing 862171633.47 895658760.56

Prepayments 184102543.23 115292227.12

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract

Third Quarterly Report 2026

reserve

Other receivables 60375319.80 45651277.81

Including: Interest receivable

Dividends receivable

Financial assets purchased under

resale agreements

Inventories 11024352449.84 10739794676.82

Including: Data resource

Contract assets

Assets held for sale

Current portion of non-current assets

Other current assets 314662737.63 392926614.98

Total current assets 24666247910.41 26430783979.78

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 14393682.99 11574463.54

Investments in other equity

77190065.12 73526017.72

instruments

Other non-current financial assets

Investment property 9977482.36 16036411.82

Fixed assets 8816089640.66 9121969040.94

Construction in progress 153981057.70 160290473.75

Productive living assets

Oil and gas assets

Right-of-use assets 77979105.29 92161801.76

Intangible assets 1110359103.54 1133507983.04

Including: Data resource

Development costs

Including: Data resource

Goodwill 246753998.67 246753998.67

Long-term prepaid expense 395767353.60 417315747.85

Deferred income tax assets 588897920.68 487647921.96

Other non-current assets 5465160.95

Total non-current assets 11491389410.61 11766249022.00

Total assets 36157637321.02 38197033001.78

Current liabilities:

Short-term borrowings 129072572.50 184830263.45

Borrowings from the central bank

Third Quarterly Report 2026

Loans from other banks and financial

institutions

Held-for-trading financial liabilities

Derivative financial liabilities

Notes payable 564839516.61 1472240813.01

Accounts payable 1871341658.80 2302888169.15

Advances from customers

Contract liabilities 958062334.87 1519882489.70

Financial assets sold under repurchase

agreements

Customer deposits and deposits from

other banks and financial institutions

Payables for acting trading of

securities

Payables for underwriting of securities

Employee benefits payable 919631276.77 1276935454.81

Taxes and levies payable 745534539.75 605968561.52

Other payables 2959164946.20 2816680849.01

Including: Interest payable

Dividends payable

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with

assets held for sale

Current portion of non-current

70972270.04 61253882.81

liabilities

Other current liabilities 1047391481.02 1043957560.69

Total current liabilities 9266010596.56 11284638044.15

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 291054644.46 260199589.94

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 62366543.01 76138828.43

Long-term payables

Long-term employee benefits payable

Provisions

Deferred income 155975155.81 162588721.38

Deferred income tax liabilities 300827180.82 309468453.80

Other non-current liabilities

Total non-current liabilities 810223524.10 808395593.55

Third Quarterly Report 2026

Total liabilities 10076234120.66 12093033637.70

Owners’ equity:

Share capital 528600000.00 528600000.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 6229111206.22 6229111206.22

Less: Treasury stock

Other comprehensive income 8767401.09 6080513.09

Specific reserve

Surplus reserves 269402260.27 269402260.27

General reserve

Retained earnings 17951012208.09 18017022962.78

Total equity attributable to owners of the

24986893075.67 25050216942.36

parent company

Non-controlling interests 1094510124.69 1053782421.72

Total owners’ equity 26081403200.36 26103999364.08

Total liabilities and owners’ equity 36157637321.02 38197033001.78

Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng

Head of the Company’s financial department: Zhu Jiafeng

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2026 Q1~Q3 2025

1. Revenues 12770107297.48 16424640732.91

Including: Operating revenue 12770107297.48 16424640732.91

Interest revenue

Insurance premium income

Fee and commission

income

2. Costs and expenses 9690328843.36 11044921171.28

Including: Cost of sales 2578888573.90 3306795997.53

Interest costs

Fee and commission

expense

Surrenders

Net insurance claims paid

Net amount provided as

insurance contract reserve

Expenditure on policy

dividends

Reinsurance premium

Third Quarterly Report 2026

expense

Taxes and levies 2184677028.81 2629415053.68

Selling expense 4326088830.16 4507564685.02

Administrative expense 858018825.69 971999271.92

Development costs 55888719.89 62205547.04

Finance costs -313233135.09 -433059383.91

Including: Interest costs 11098803.69 7915316.24

Interest

323870246.74 443982861.45

revenue

Add: Other income 25953831.18 66466879.57

Return on investment (“-” for loss) -9645530.83 -20878347.16

Including: Share of profit or loss

2819219.45 -23424.20

of joint ventures and associates

Income from the

derecognition of financial assets at

amortized cost (“-” for loss)

Exchange gain (“-” for loss)

Net gain on exposure hedges (“-”

for loss)

Gain on changes in fair value (“-”

3252901.86 405625.78

for loss)

Credit impairment loss (“-” for

-324818.37 580586.42

loss)

Asset impairment loss (“-” for

1322265.15 -4617.16

loss)

Asset disposal income (“-” for

292817.52 74653.89

loss)

3. Operating profit (“-” for loss) 3100629920.63 5426364342.97

Add: Non-operating income 23960035.92 43781215.42

Less: Non-operating expense 5379957.15 4334980.80

4. Gross profit (“-” for loss) 3119209999.40 5465810577.59

Less: Income tax expense 819541790.93 1382314067.32

5. Net profit (“-” for net loss) 2299668208.47 4083496510.27

5.1 By operating continuity

5.1.1 Net profit from continuing

2299668208.47 4083496510.27

operations (“-” for net loss)

5.1.2 Net profit from discontinued

operations (“-” for net loss)

5.2 By ownership

5.2.1 Net profit attributable to

2259829245.31 3960203363.47

owners of the parent company (“-” for

Third Quarterly Report 2026

net loss)

5.2.2 Net profit attributable to non-

39838963.16 123293146.80

controlling interests (“-” for net loss)

6. Other comprehensive income net of

3728675.62 16912289.88

tax

Attributable to owners of the parent

2686888.00 15911085.50

company

6.1 Items that will not be

1648821.33 1483873.56

reclassified to profit or loss

6.1.1 Changes caused by

remeasurements on defined benefit

schemes

6.1.2 Other comprehensive

income that will not be reclassified to

profit or loss under the equity method

6.1.3 Changes in the fair value of

1648821.33 1483873.56

investments in other equity instruments

6.1.4 Changes in the fair value

arising from changes in own credit risk

6.1.5 Other

6.2 Items that will be reclassified to

1038066.67 14427211.94

profit or loss

6.2.1 Other comprehensive

income that will be reclassified to profit

or loss under the equity method

6.2.2 Changes in the fair value of

other debt investments

6.2.3 Other comprehensive

income arising from the reclassification 1038066.67 14427211.94

of financial assets

6.2.4 Credit impairment

allowance for other debt investments

6.2.5 Reserve for cash flow

hedges

6.2.6 Differences arising from the

translation of foreign currency-

denominated financial statements

6.2.7 Other

Attributable to non-controlling

1041787.62 1001204.38

interests

7. Total comprehensive income 2303396884.09 4100408800.15

7.1 Attributable to owners of the

2262516133.31 3976114448.97

parent company

7.2 Attributable to non-controlling 40880750.78 124294351.18

Third Quarterly Report 2026

interests

8. Earnings per share

8.1 Basic earnings per share 4.28 7.49

8.2 Diluted earnings per share 4.28 7.49

Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng

Head of the Company’s financial department: Zhu Jiafeng

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2026 Q1~Q3 2025

1. Cash flows from operating activities:

Proceeds from sale of commodities

13704996155.65 17534396855.33

and rendering of services

Net increase in customer deposits and

deposits from other banks and financial

institutions

Net increase in borrowings from the

central bank

Net increase in loans from other

financial institutions

Premiums received on original

insurance contracts

Net proceeds from reinsurance

Net increase in deposits and

investments of policy holders

Interest fees and commissions

received

Net increase in loans from other banks

and financial institutions

Net increase in proceeds from

repurchase transactions

Net proceeds from acting trading of

securities

Tax and levy rebates 51052957.59 4395422.58

Cash generated from other operating

1834274092.92 1087298979.00

activities

Subtotal of cash generated from

15590323206.16 18626091256.91

operating activities

Payments for commodities and

3638304546.81 3060504596.01

services

Net increase in loans and advances to

customers

Third Quarterly Report 2026

Net increase in deposits in the central

bank and other banks and financial

institutions

Payments for claims on original

insurance contracts

Net increase in loans to other banks

and financial institutions

Interest fees and commissions paid

Policy dividends paid

Cash paid to and for employees 2957582525.73 3023565700.53

Taxes and levies paid 4750453221.63 6562911764.70

Cash used in other operating activities 2123042803.53 3352055718.66

Subtotal of cash used in operating

13469383097.70 15999037779.90

activities

Net cash generated from/used in

2120940108.46 2627053477.01

operating activities

2. Cash flows from investing activities:

Proceeds from disinvestment 9576587000.00 4302278000.00

Return on investment 6810572.67 5709694.00

Net proceeds from the disposal of

fixed assets intangible assets and other 335576.00 313276.00

long-lived assets

Net proceeds from the disposal of

subsidiaries and other business units

Cash generated from other investing

activities

Subtotal of cash generated from

9583733148.67 4308300970.00

investing activities

Payments for the acquisition of fixed

assets intangible assets and other long- 581441219.64 1364052252.27

lived assets

Payments for investments 10017112000.00 4930537000.00

Net increase in pledged loans granted

Net payments for the acquisition of

subsidiaries and other business units

Cash used in other investing activities

Subtotal of cash used in investing

10598553219.64 6294589252.27

activities

Net cash generated from/used in

-1014820070.97 -1986288282.27

investing activities

3. Cash flows from financing activities:

Capital contributions received 0.00 18000000.00

Including: Capital contributions by 0.00 18000000.00

Third Quarterly Report 2026

non-controlling interests to subsidiaries

Borrowings received 240115054.52 329200000.00

Cash generated from other financing

activities

Subtotal of cash generated from

240115054.52 347200000.00

financing activities

Repayment of borrowings 251300000.00 117690000.00

Interest and dividends paid 2333809177.02 3208905926.75

Including: Dividends paid by

153047.81 29909838.00

subsidiaries to non-controlling interests

Cash used in other financing activities 20117989.00 18835727.16

Subtotal of cash used in financing

2605227166.02 3345431653.91

activities

Net cash generated from/used in

-2365112111.50 -2998231653.91

financing activities

4. Effect of foreign exchange rates

changes on cash and cash equivalents

5. Net increase in cash and cash

-1258992074.01 -2357466459.17

equivalents

Add: Cash and cash equivalents

12494251818.57 15193134694.19

beginning of the period

6. Cash and cash equivalents end of the

11235259744.56 12835668235.02

period

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of

the New Accounting Standards Implemented since 2026

□ Applicable □ Not applicable

(III) Independent Auditor’s Report

Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes □ No

These financial statements have not been audited by such an auditor.The Board of Directors

Anhui Gujing Distillery Company Limited

October 30 2026