古井贡B:2024年第三季度报告（英文）

ANHUI GUJING DISTILLERY COMPANY LIMITED

THIRD QUARTERLY REPORT 2024

October 2024Third Quarterly Report 2024

Stock Code: 000596 200596 Stock Name: Gujing Distillery Gujing Distillery-B Announcement No. 2024-019

ANHUI GUJING DISTILLERY COMPANY LIMITED

THIRD QUARTERLY REPORT 2024

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”) the Supervisory Committee as well as the directors supervisors 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 2024 YoY change (%) Q1-Q3 2024 YoY change (%)

Operating revenue

5262915448.3313.36%19068608990.6819.53%

(RMB)

Net profit attributable

to the listed company’s 1173702231.04 13.60% 4746493826.19 24.49%

shareholders (RMB)

Net profit attributable

to the listed company’s

shareholders before 1159067061.02 14.52% 4699607967.69 25.55%

exceptional gains and

losses (RMB)

—

Net cash generated

from/used in operating — 5344200057.86 -6.56%

activities (RMB)

1Third Quarterly Report 2024

Basic earnings per

2.2213.85%8.9824.55%

share (RMB/share)

Diluted earnings per

2.2213.85%8.9824.55%

share (RMB/share)

Weighted average

5.04%-0.07%20.54%1.87%

return on equity (%)

30 September 2024 31 December 2023 Change (%)

Total assets (RMB) 37854450331.42 35420907274.99 6.87%

Equity attributable to

the listed company’s 23894550278.19 21525309609.44 11.01%

shareholders (RMB)

(II) Exceptional Gains and Losses

□ Applicable □ Not applicable

Unit: RMB

Item Q3 2024 Q1-Q3 2024 Note

Gain or loss on disposal of

non-current assets (inclusive

-3013981.32-5003819.81

of impairment allowance

write-offs)

Government grants through

profit or loss (exclusive of

government grants

continuously given in the

Company’s ordinary course of 14958322.84 38579969.04

business at fixed quotas or

amounts as per the

government’s policies and

standards)

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

200664.411602099.81

assets and liabilities (exclusive

of the effective portion of

hedges that is related to the

Company's normal business

operations)

Non-operating income and

11511901.7639122853.89

expense other than the above

Less: Income tax effects 5870465.36 18212684.98

Non-controlling interests

3151272.319202559.45

effects (net of tax)

Total 14635170.02 46885858.50 --

Other items that meet the definition of exceptional gain/loss:

□Applicable □ Not applicable

No such cases in the Reporting Period.

2Third Quarterly Report 2024

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 in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation

□ Applicable □ Not applicable

Unit: RMB

Balance sheet items 30 September 2024 1 January 2024 Change (%) Main reason for change

Held-for-trading Disinvestment in wealth management products

50200664.41719987547.42-93.03%

financial assets upon maturity.The main reason is that the theme hotel has

Long-term prepaid reached the state of use and the decoration

342642464.5959102583.98479.74%

expense expenses have been converted into long-term

deferred expenses.Redemption of issued bank acceptance bills upon

Notes payable 553311293.65 1353187723.44 -59.11%

maturity.Contract liabilities 1935545492.86 1401122249.53 38.14% Increased sales orders.Other current

1892786562.14 1132018451.10 67.20% Increase in unverified expenses.

liabilities

Income statement

Q1-Q3 2024 Q1-Q3 2023 Change (%) Main reason for change

items

Finance costs -306210655.53 -163786161.13 -86.96% Increased interest income.Gain on changes in Decreased purchases of wealth management

200664.4130454851.54-99.34%

fair value products in the current period.Non-operating

11263819.25 25617256.03 -56.03% Decreased donation expenditures.

expense

Cash flow statement

Q1-Q3 2024 Q1-Q3 2023 Change (%) Main reason for change

items

Cash generated from

other operating 1979480373.63 1219982214.13 62.25% Recovery of restricted funds upon maturity.activities

Cash used in other The main reason is the increase in operating

2875409885.791960641541.2346.66%

operating activities expenses related to expenses.Proceeds from Decreased disinvestment in wealth management

725199000.001830098239.02-60.37%

disinvestment products upon maturity.Return on investment 22301834.45 50105869.81 -55.49% Decreased gains on wealth management products.Payments for Decreased purchases of wealth management

50000000.00765000000.00-93.46%

investments products.

3Third Quarterly Report 2024

Capital contributions The main reason is that the subsidiary received

26000000.004000000.00550.00%

received capital contributions from minority shareholders.Interest and dividends

2458341671.66 1594882967.48 54.14% Increased dividend payout.

paid

Net increase in cash

1738112822.62 3553023620.39 -51.08% Increased dividend payout.

and cash equivalents

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 38101 shareholders with resumed 0

voting rights (if any)

Top 10 shareholders

Nature of Shareholding Restricted Shares in pledge marked or frozen

Name of shareholder Total shares held

shareholder percentage shares held Status Shares

ANHUI GUJING

State-owned

GROUP COMPANY 51.34% 271404022 In pledge 30000000

legal person

LIMITED

BANK OF

CHINA-CHINA

MERCHANTS CHINA

SECURITIES BAIJIU

Other 2.53% 13383165 N/A

INDEX

CLASSIFICATION

SECURITIES

INVESTMENT FUND

INDUSTRIAL AND

COMMERCIAL

BANK OF CHINA

LIMITED- INVESCO

GREAT WALL Other 1.82% 9621200 N/A

EMERGING

GROWTH HYBRID

SECURITIES

INVESTMENT FUND

CHINA

INTERNATIONAL Foreign legal

1.69% 8915263 N/A

CAPITAL person

CORPORATION

4Third Quarterly Report 2024

HONG KONG

SECURITIES LTD

AGRICULTURAL

BANK OF CHINA－E

FUND

CONSUMPTION Other 1.51% 7978008 N/A

SECTOR STOCK

SECURITIES

INVESTMENT FUND

HONG KONG

SECURITIES Foreign legal

1.33% 7045406 N/A

CLEARING person

COMPANY LTD.UBS (LUX) EQUITY

FUND - CHINA Foreign legal

1.32% 6958745 N/A

OPPORTUNITY person

(USD)

GREENWOODS

Foreign legal

CHINA ALPHA 1.14% 6049760 N/A

person

MASTER FUND

BANK OF CHINA-

INVESCO GREAT

WALL DINGYI

HYBRID Other 0.85% 4500000 N/A

SECURITIES

INVESTMENT FUND

(LOF)

Foreign legal

3W GLOBAL FUND 0.77% 4051528 N/A

person

Top 10 unrestricted shareholders

Shares by class

Name of shareholder Unrestricted ordinary shares held

Class Shares

RMB-denom

ANHUI GUJING GROUP COMPANY inated

271404022271404022

LIMITED ordinary

BANK OF CHINA-CHINA RMB-denom

MERCHANTS CHINA SECURITIES inated

1338316513383165

BAIJIU INDEX CLASSIFICATION ordinary

SECURITIES INVESTMENT FUND share

INDUSTRIAL AND COMMERCIAL 9621200 RMB-denom 9621200

5Third Quarterly Report 2024

BANK OF CHINA LIMITED- inated

INVESCO GREAT WALL ordinary

EMERGING GROWTH HYBRID share

SECURITIES INVESTMENT FUND

CHINA INTERNATIONAL CAPITAL Domestically

CORPORATION HONG KONG 8915263 listed foreign 8915263

SECURITIES LTD share

AGRICULTURAL BANK OF CHINA RMB-denom

－E FUND CONSUMPTION inated

79780087978008

SECTOR STOCK SECURITIES ordinary

INVESTMENT FUND share

RMB-denom

HONG KONG SECURITIES inated

70454067045406

CLEARING COMPANY LTD. ordinary

Domestically

UBS (LUX) EQUITY FUND - CHINA

6958745 listed foreign 6958745

OPPORTUNITY (USD)

Domestically

GREENWOODS CHINA ALPHA

6049760 listed foreign 6049760

MASTER FUND

BANK OF CHINA- INVESCO RMB-denom

GREAT WALL DINGYI HYBRID inated

45000004500000

SECURITIES INVESTMENT FUND ordinary

(LOF) share

Domestically

3W GLOBAL FUND 4051528 listed foreign 4051528

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

Group Company Limited—is not a related party of other shareholders; nor are they parties

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

Related or acting-in-concert parties

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

among the shareholders above

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

Not applicable.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

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

Full name of Shares in the common Shares lent in Shares in the common Shares lent in

6Third Quarterly Report 2024

shareholder account and credit refinancing and not yet account and credit refinancing and not yet

account at the returned at the account at the period-end returned at the

period-begin period-begin period-end

As % of As % of As % of As % of

Total Total Total Total

total share total share total share total share

shares shares shares shares

capital capital capital capital

BANK OF

CHINA-CHINA

MERCHANTS

CHINA

SECURITIES

128144552.42%430000.0081%133831652.53%00.00%

BAIJIU INDEX

CLASSIFICATION

SECURITIES

INVESTMENT

FUND

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

30 September 2024

Unit: RMB

Item 30 September 2024 1 January 2024

Current assets:

Monetary assets 16903911302.02 15966371744.19

Settlement reserve

Loans to other banks and financial

institutions

Held-for-trading financial assets 50200664.41 719987547.42

Derivative financial assets

Notes receivable

Accounts receivable 71131178.40 68607919.27

Receivables financing 1152646851.15 957560115.73

7Third Quarterly Report 2024

Prepayments 151379088.76 91607342.18

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract

reserve

Other receivables 45449322.59 49178194.70

Including: Interest receivable

Dividends receivable

Financial assets purchased under

resale agreements

Inventories 7998847138.36 7519682536.51

Including: Data resource

Contract assets

Assets held for sale

Current portion of non-current assets

Other current assets 107650658.95 135071255.36

Total current assets 26481216204.64 25508066655.36

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 10166100.46 10367078.26

Investments in other equity

71247359.2763105658.07

instruments

Other non-current financial assets

Investment property 43630441.43 46622910.19

Fixed assets 6374948399.18 4596044056.92

Construction in progress 2134801435.29 2910735155.39

Productive living assets

Oil and gas assets

Right-of-use assets 103337612.14 81038100.24

Intangible assets 1131820258.83 1123186836.65

Including: Data resource

Development costs

Including: Data resource

Goodwill 561364385.01 561364385.01

Long-term prepaid expense 342642464.59 59102583.98

Deferred income tax assets 594863184.58 455588567.46

Other non-current assets 4412486.00 5685287.46

Total non-current assets 11373234126.78 9912840619.63

Total assets 37854450331.42 35420907274.99

Current liabilities:

8Third Quarterly Report 2024

Short-term borrowings 70014544.52 0.00

Borrowings from the central bank

Loans from other banks and financial

institutions

Held-for-trading financial liabilities

Derivative financial liabilities

Notes payable 553311293.65 1353187723.44

Accounts payable 2547190695.13 2814192071.24

Advances from customers

Contract liabilities 1935545492.86 1401122249.53

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 1030411776.00 1180605773.29

Taxes and levies payable 1450287108.93 1179368855.69

Other payables 2870035770.08 3267292222.01

Including: Interest payable

Dividends payable

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with

assets held for sale

Current portion of non-current

61133754.2480825022.51

liabilities

Other current liabilities 1892786562.14 1132018451.10

Total current liabilities 12410716997.55 12408612368.81

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 83400000.00 107106256.94

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 86991461.66 68380767.78

Long-term payables

Long-term employee benefits

payable

Provisions

Deferred income 100024175.79 100811404.82

Deferred income tax liabilities 276133361.69 321723514.56

9Third Quarterly Report 2024

Other non-current liabilities

Total non-current liabilities 546548999.14 598021944.10

Total liabilities 12957265996.69 13006634312.91

Owners’ equity:

Share capital 528600000.00 528600000.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 6224747667.10 6224747667.10

Less: Treasury stock

Other comprehensive income 3043165.29 1596322.73

Specific reserve

Surplus reserves 269402260.27 269402260.27

General reserve

Retained earnings 16868757185.53 14500963359.34

Total equity attributable to owners of the

23894550278.1921525309609.44

Company as the parent

Non-controlling interests 1002634056.54 888963352.64

Total owners’ equity 24897184334.73 22414272962.08

Total liabilities and owners’ equity 37854450331.42 35420907274.99

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 2024 Q1~Q3 2023

1. Revenues 19068608990.68 15952670483.87

Including: Operating revenue 19068608990.68 15952670483.87

Interest income

Insurance premium income

Fee and commission income

2. Costs and expenses 12427587820.52 10754223608.52

Including: Cost of sales 3869357163.03 3343855826.63

Interest expense

Fee and commission expense

Surrenders

Net insurance claims paid

Net amount provided as

insurance contract reserve

Expenditure on policy dividends

Reinsurance premium expense

Taxes and levies 2999512261.42 2293099280.99

10Third Quarterly Report 2024

Selling expense 4822663805.47 4363197563.47

Administrative expense 990677306.80 872449543.70

Development costs 51587939.33 45407554.86

Finance costs -306210655.53 -163786161.13

Including: Interest expense 6111857.44 1727067.52

Interest income 325087545.79 167923759.11

Add: Other income 42933494.28 35670066.51

Return on investment (“-” for

-33806557.30-32592873.01

loss)

Including: Share of profit or

-200977.8098195.82

loss 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 (“-”

200664.4130454851.54

for loss)

Credit impairment loss (“-” for

-407789.0889755.67

loss)

Asset impairment loss (“-” for

6573566.64-17812316.77

loss)

Asset disposal income (“-” for

132292.33308674.89

loss)

3. Operating profit (“-” for loss) 6656646841.44 5214565034.18

Add: Non-operating income 45300561.00 64536823.91

Less: Non-operating expense 11263819.25 25617256.03

4. Gross profit (“-” for loss) 6690683583.19 5253484602.06

Less: Income tax expense 1793824244.97 1342726101.85

5. Net profit (“-” for net loss) 4896859338.22 3910758500.21

5.1 By operating continuity

5.1.1 Net profit from continuing

4896859338.223910758500.21

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

shareholders of the Company as the parent 4746493826.19 3812634873.99

(“-” for net loss)

5.2.2 Net profit attributable to

150365512.0398123626.22

non-controlling interests (“-” for net loss)

6. Other comprehensive income net of tax 3968391.68 -6160008.30

Attributable to owners of the Company

1446842.56-7729899.86

as the parent

6.1 Items that will not be reclassified 3663765.53 2436079.94

11Third Quarterly Report 2024

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

3663765.532436079.94

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

-2216922.97-10165979.80

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 of -2216922.97 -10165979.80

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 interests 2521549.12 1569891.56

7. Total comprehensive income 4900827729.90 3904598491.91

7.1 Attributable to owners of the

4747940668.753804904974.13

Company as the parent

7.2 Attributable to non-controlling

152887061.1599693517.78

interests

8. Earnings per share

8.1 Basic earnings per share 8.98 7.21

8.2 Diluted earnings per share 8.98 7.21

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 2024 Q1~Q3 2023

1. Cash flows from operating activities:

12Third Quarterly Report 2024

Proceeds from sale of commodities and

19705215506.2617349755297.26

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 26680241.35 27474101.01

Cash generated from other operating

1979480373.631219982214.13

activities

Subtotal of cash generated from operating

21711376121.2418597211612.40

activities

Payments for commodities and services 3833390034.85 2744644703.85

Net increase in loans and advances to

customers

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 3028178859.64 2822198725.74

Taxes and levies paid 6630197283.10 5350100855.40

Cash used in other operating activities 2875409885.79 1960641541.23

Subtotal of cash used in operating

16367176063.3812877585826.22

activities

Net cash generated from/used in operating

5344200057.865719625786.18

activities

2. Cash flows from investing activities:

Proceeds from disinvestment 725199000.00 1830098239.02

13Third Quarterly Report 2024

Return on investment 22301834.45 50105869.81

Net proceeds from the disposal of fixed

assets intangible assets and other 57370.00 1375735.00

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 investing

747558204.451881579843.83

activities

Payments for the acquisition of fixed

assets intangible assets and other 1877953322.37 1693381360.26

long-lived assets

Payments for investments 50000000.00 765000000.00

Net increase in pledged loans granted

Net payments for the acquisition of

0.0013439262.05

subsidiaries and other business units

Cash used in other investing activities

Subtotal of cash used in investing

1927953322.372471820622.31

activities

Net cash generated from/used in investing

-1180395117.92-590240778.48

activities

3. Cash flows from financing activities:

Capital contributions received 26000000.00 4000000.00

Including: Capital contributions by

26000000.004000000.00

non-controlling interests to subsidiaries

Borrowings received 120000100.00 149200000.00

Cash generated from other financing

activities

Subtotal of cash generated from financing

146000100.00153200000.00

activities

Repayment of borrowings 91590000.00 113000000.00

Interest and dividends paid 2458341671.66 1594882967.48

Including: Dividends paid by

79865320.115304511.69

subsidiaries to non-controlling interests

Cash used in other financing activities 21760545.66 21678419.83

Subtotal of cash used in financing

2571692217.321729561387.31

activities

Net cash generated from/used in financing

-2425692117.32-1576361387.31

activities

4. Effect of foreign exchange rates

changes on cash and cash equivalents

5. Net increase in cash and cash

1738112822.623553023620.39

equivalents

Add: Cash and cash equivalents

14676167417.3613105373435.22

beginning of the period

6. Cash and cash equivalents end of the 16414280239.98 16658397055.61

14Third Quarterly Report 2024

period

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

the New Accounting Standards Implemented since 2024

□ 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.Anhui Gujing Distillery Company Limited

Board of Directors

31 October 2024

行情