泸州老窖:2024年第三季度报告(英文版)

查股网  2024-12-03  泸州老窖(000568)公司公告

Stock Code: 000568 Stock abbreviation: Luzhou Laojiao Announcement No. 2024-56

Luzhou Laojiao Co., Ltd.

Q3 2024 Report

Luzhou Laojiao Co., Ltd. (hereinafter referred to as the “Company”)and all the members of the Company’s Board of Directors herebyguarantee that the contents of this Report are true, accurate andcomplete and free of any misrepresentations, misleading statements ormaterial omissions.

Important Statements:

1. The Board of Directors, Board of Supervisors, directors, supervisors and senior managementguarantee that the information presented in this report is free of any false records, misleadingstatements or material omissions, and shall individually and together be legally liable for truthfulness,accuracy and completeness of its contents.

2. The responsible person for the Company, the responsible person for accounting work and theresponsible person for the Company’s financial affairs (Accounting Supervisor) have warranted thatthe financial statements in this report are true, accurate and complete.

3. Whether the financial statements of this report have been audited by an auditor

□Yes ? No

This report has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.

1. Key financial information

1.1 Key accounting data and financial indicators

Whether the Company performed a retroactive adjustment to or restatement of accounting data.

□Yes ? No

Q3 2024YoY changeQ1-Q3 2024YoY change
Operating revenues (CNY)7,398,670,017.920.67%24,303,555,187.3010.76%
Net profits attributable to shareholders of the Company (CNY)3,565,502,984.742.58%11,593,041,150.059.72%
Net profits attributable to shareholders of the Company before non-recurring gains and losses (CNY)3,570,292,253.983.52%11,564,402,985.2210.24%
Net cash flows from operating activities (CNY)12,464,714,796.1137.69%
Basic earnings per share (CNY/share)2.432.53%7.899.74%
Diluted earnings per share (CNY/share)2.432.53%7.899.74%
Weighted average ROE8.27%-1.14%25.88%-2.32%
30 September 202431 December 2023Change
Total assets (CNY)66,496,926,541.3563,294,455,201.605.06%
Net assets attributable to shareholders of the Company (CNY)45,427,566,438.1141,391,410,494.899.75%

1.2 Non-recurring gains and losses

?Applicable □ N/A

Unit: CNY

ItemQ3 2024Q1-Q3 2024Note
Gain or loss from disposal of non-current assets (including the write-off portion of the impairment provision)1.801,058,796.90
Government grants recognised in profit or loss (exclusive of those that are closely related to the Company's normal business operations and given in accordance with6,128,697.8024,981,321.89
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 and liabilities (exclusive of the effective portion of hedges that is related to the Company's normal business operations)-2,906,267.7820,527,273.78
Other non-operating income and expenditure except above-mentioned items-9,635,164.54-8,734,073.59
Less: Corporate income tax-1,626,355.689,114,053.65
Minority interests (after tax)2,892.2081,100.50
Total-4,789,269.2428,638,164.83--

Other items that meet the definition of non-recurring gain/loss:

□Applicable ? N/A 

No such cases for the reporting period.

Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in theExplanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securitiesto the Public-Non-Recurring Gains and Losses as a recurring gain/loss item.

□Applicable ? N/A 

No such cases for the reporting period.

1.3 Changes in key financial data and indicators and reasons for the changes? Applicable ? N/AA. The closing carrying balance of accounts receivables decreased by CNY 10,521,711.62 compared tothe opening carrying balance at the beginning of the year, indicating a decrease of 60.26%. It wasmainly due to the payment collection with respect to overseas baijiu sales.B. The closing balance of other current assets decreased by CNY 160,145,726.41 compared to theopening balance at the beginning of the year, indicating a decrease of 90.64%. It was mainly due to thedecreased value added tax, corporate income tax and other taxes to be offset in the current period.

C. The closing balance of investment property increased by CNY 13,183,521.71 compared to theopening balance at the beginning of the year, indicating an increase of 34.89%. It was mainly due to theadditional property leases in the current period.D. The closing balance of construction in progress decreased by CNY 1,081,587,008.64 compared tothe opening balance at the beginning of the year, indicating a decrease of 62.94%. It was mainly due tothe transfer of construction in progress that became ready for its intended use to fixed assets.E. The closing balance of deferred tax assets decreased by CNY 395,984,825.89 compared to theopening balance at the beginning of the year, indicating a decrease of 58.71%. It was mainly due to thedecreased unrealized profits of internal transactions and the relevant reversal as a result of theunlocking of restricted shares.F. The closing balance of taxes payable decreased by CNY 983,511,011.33 compared to the openingbalance at the beginning of the year, indicating a decrease of 33.46%. It was mainly due to the paymentof the opening taxes payable in the current period.G. The closing balance of non-current liabilities due within one year increased by CNY2,690,005,277.84 compared to the opening balance at the beginning of the year, indicating an increaseof 3408.60%. It was mainly due to the reclassification of bonds payable and long-term loans due withinone year.H. The closing balance of treasury stock decreased by CNY 259,105,222.61 compared to the openingbalance at the beginning of the year, indicating a decrease of 42.01%. It was mainly due to the relevantreversal as a result of the unlocking of restricted shares in the current period.I. Investment income in the current Q1-Q3 period decreased by CNY 28,000,183.71 compared to thesame period of last year, indicating a decrease of 40.24%. It was mainly due to the decreased earningsof investee Huaxi Securities in the current period.J. Net cash flows from operating activities in the current Q1-Q3 period increased by CNY3,412,146,899.23 compared to the same period of last year, indicating an increase of 37.69%. It wasmainly due to the increased cash received from sale of goods and the decreased cash paid for goodspurchased and services received in the current period.K. Net cash flows from investing activities in the current Q1-Q3 period decreased by CNY485,155,325.59 compared to the same period of last year. It was mainly due to the increasedpurchases of wealth management products (collective asset management plans) from securities firmsin the current period.L. Net cash flows from financing activities in the current Q1-Q3 period decreased by CNY7,654,587,417.55 compared to the same period of last year. It was mainly due to the receipt of lessbank loan in the current period compared to the same period of last year.

2. Shareholder information

2.1 Total numbers of common shareholders and preference shareholders with resumed votingrights as well as shareholdings of top 10 shareholders

Unit: Share

Total number of common shareholders at the end of the reporting period168,211Total number of preference shareholders with resumed voting rights at the end of the reporting period (if any)0
Shareholdings of the top 10 shareholders (exclusive of shares lent in refinancing)
Name of shareholderNature of shareholderShareholding percentageTotal shares heldNumber of holding restricted sharesPledged, marked or frozen shares
Status of sharesNumber of shares
Luzhou Laojiao Group Co., Ltd.State-owned corporation25.89%381,088,389.000N/A0
Luzhou XingLu Investment Group Co., Ltd.State-owned corporation24.86%365,971,142.000N/A0
Hong Kong Securities Clearing Company LimitedOutbound corporation3.28%48,267,771.000N/A0
Bank of China Co., Ltd. – Baijiu index classification securities investment fund by China Merchants FundOther3.07%45,222,560.000N/A0
China Securities Finance Corporation LimitedOther2.30%33,842,059.000N/A0
Bank of China Co., Ltd.-Blue chip selected hybrid securities investment fund by E FundOther1.51%22,250,000.000N/A0
Industrial and Commercial Bank of China Co., Ltd.-Newly growth hybridOther0.92%13,598,087.000N/A0
securities investment fund by Invesco Great Wall
Central Huijin Asset Management Co., Ltd.State-owned corporation0.92%13,539,862.000N/A0
Industrial and Commercial Bank of China Co., Ltd.- Huatai-Pinebridge CSI 300 Exchange-Traded FundOther0.92%13,475,235.000N/A0
China Construction Bank Co., Ltd.- E Fund CSI 300 Initiating Exchange-Traded FundOther0.63%9,278,276.000N/A0
Shareholdings of the top 10 non-restricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Name of shareholderNumber of non-restricted shares heldType and number of shares
TypeNumber
Luzhou Laojiao Group Co., Ltd.381,088,389.00CNY common shares381,088,389.00
Luzhou XingLu Investment Group Co., Ltd.365,971,142.00CNY common shares365,971,142.00
Hong Kong Securities Clearing Company Limited48,267,771.00CNY common shares48,267,771.00
Bank of China Co., Ltd. – Baijiu index classification securities investment fund by China Merchants Fund45,222,560.00CNY common shares45,222,560.00
China Securities Finance Corporation Limited33,842,059.00CNY common shares33,842,059.00
Bank of China Co., Ltd.-Blue chip selected hybrid securities investment fund by E Fund22,250,000.00CNY common shares22,250,000.00
Industrial and Commercial Bank of China Co., Ltd.-Newly growth hybrid securities investment fund by Invesco Great Wall13,598,087.00CNY common shares13,598,087.00
Central Huijin Asset Management Co., Ltd.13,539,862.00CNY common shares13,539,862.00
Industrial and Commercial Bank of China Co., Ltd.- Huatai-Pinebridge CSI 300 Exchange-Traded Fund13,475,235.00CNY common shares13,475,235.00
China Construction Bank Co.,9,278,276.00CNY common9,278,276.00
Ltd.- E Fund CSI 300 Initiating Exchange-Traded Fundshares
Related parties or acting-in-concert1. Luzhou Laojiao Group Co., Ltd. and Luzhou XingLu Investment Group Co., Ltd. are both holding state-owned companies under the jurisdiction of SASAC of Luzhou. The two companies signed the agreement of persons acting in concert on 31 December 2015. For details, please refer to the announcement of the Company on 5 January 2016 - Announcement on the agreement of persons acting in concert signed by shareholders. The announcement number is 2016-1 (http://www.cninfo.com.cn/). The two companies signed the renewed agreement of persons acting in concert on 27 May 2021. For details, please refer to the announcement of the Company on 29 May 2021 - Announcement on the renewed agreement of persons acting in concert signed by shareholders. The announcement number is 2021-18 (http://www.cninfo.com.cn/). The two companies signed the renewed agreement of persons acting in concert again on 23 May 2024. For details, please refer to the announcement of the Company on 23 May 2024 - Announcement on the Renewed Agreement of Persons Acting in Concert Signed by Shareholders (announcement number 2024-22). 2. Luzhou Laojiao Group Co., Ltd., through its wholly-owned subsidiary Sichuan Jinduo Investment Co., Ltd., increased its holdings in the Company by 1,140,200 shares through call auction trading, accounting for 0.08% of the total share capital of the Company. By the end of the reporting period, Luzhou Laojiao Group Co., Ltd. and Sichuan Jinduo Investment Co., Ltd. collectively held 382,228,589 shares in the Company, representing 25.97% of the total share capital of the Company. 3. In addition, whether there is an association between the remaining shareholders or they belong to persons acting in concert is unknown.
Top 10 shareholders participating in securities margin trading (if any)N/A

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved inrefinancing shares lending

□Applicable ? N/A

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

□Applicable ? N/A

2.2 Total number of preferred shareholders and shareholdings of the top 10 preferredshareholders

□Applicable ? N/A

3. Other significant events

?Applicable □ N/A

A. Progress on the restricted share incentive plana. On 23 January 2024, the Company held the 38th Meeting of the 10th Board of Directors and the20th Meeting of the 10th Board of Supervisors, at which the Proposal on the Repurchase andCancellation of Some Restricted Shares and the Adjustment of Repurchase Price and the Proposalon the Satisfaction of Unlocking Conditions for the First Unlocking Period of the 2021 RestrictedShare Incentive Plan were reviewed and approved respectively. The Board of Supervisors of theCompany issued the review opinion, and the law firm and the independent financial adviser issued alegal opinion and an independent financial adviser's report respectively.b. On 22 February 2024, the Company disclosed the Reminder Announcement on Unlocked Sharesin the First Unlocking Period of the 2021 Restricted Share Incentive Plan Being Allowed for PublicTrading. As such, the unlocked restricted shares in the first unlocking period of the 2021 RestrictedShare Incentive Plan were allowed for public trading on 22 February 2024.c. On 4 June 2024, the Proposal on the Repurchase and Cancellation of Some Restricted Shareswas approved at the 40th Meeting of the 10th Board of Directors and the 22nd Meeting of the Boardof Supervisors, respectively. On 5 June, the Company disclosed the Announcement on theRepurchase and Cancellation of Some Restricted Shares to Reduce Registered Capital and Notice toCreditors. By the expiration of the declaring period, the Company had not received any declarationfrom the relevant creditors for early payout of debts or provision of guarantee.d. On 14 August 2024, the Company disclosed the Announcement on the Completion of theRepurchase and Cancellation of Some Restricted Shares. As at 14 August 2024, the Companycompleted the repurchase and cancellation of 21,266 restricted shares.e. On 23 September 2024, the Company held the Fourth Meeting of the 11th Board of Directors andthe Third Meeting of the 11th Board of Supervisors, at which the Proposal on the Satisfaction ofUnlocking Conditions for the First Unlocking Period for the Reserved Restricted Shares of the 2021Restricted Share Incentive Plan and the Proposal on the Repurchase and Cancellation of SomeRestricted Shares and the Adjustment of Repurchase Price were reviewed and approved respectively.The Board of Supervisors of the Company issued the review opinion, and the law firm issued a legalopinion.f. On 28 September 2024, the Company disclosed the Reminder Announcement on Unlocked Sharesin the First Unlocking Period for the Reserved Restricted Shares of the 2021 Restricted ShareIncentive Plan Being Allowed for Public Trading. As such, the unlocked restricted shares in the firstunlocking period for the reserved restricted shares of the 2021 Restricted Share Incentive Plan wereallowed for public trading on 9 October 2024.

B. The Company invested in the technical upgrade program of intelligent brewing (Phase I) with thewholly-owned subsidiary, Luzhou Laojiao Brewing Co., Ltd., as the implementer. The total investmentamount approximated CNY 4,782.5090 million. For further information, see Announcement No. 2022-24 on the Implementation of Luzhou Laojiao’s Technical Upgrade Program of Intelligent Brewing(Phase I) by Subsidiary. The program is currently under construction.

4. Financial statements

4.1 Financial statements

4.1.1 Consolidated balance sheet

Prepared by: Luzhou Laojiao Co., Ltd.

30 September 2024

Unit: CNY

Item30 September 20241 January 2024
Current assets:
Cash and cash equivalents30,317,711,254.6325,952,025,091.28
Settlement reserves
Lending funds
Held-for-trading financial assets1,797,091,274.221,426,992,098.83
Derivative financial assets
Notes receivables
Accounts receivables6,939,667.3617,461,378.98
Accounts receivables financing4,539,294,569.885,938,171,007.93
Prepayment194,288,987.55202,309,186.70
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserve
Other receivables19,668,746.5522,716,893.12
Including:Interests receivable
Dividends receivable1,812,067.95
Buying back the sale of financial assets
Inventories12,299,814,363.0411,622,043,947.46
Including: Data resource
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets16,539,005.56176,684,731.97
Total current assets49,191,347,868.7945,358,404,336.27
Non-current assets:
Disbursement of loans and advances
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments2,738,007,214.172,708,254,833.50
Investments in other equity instruments380,927,410.08402,893,468.80
Other non-current financial assets
Investment property50,968,938.4837,785,416.77
Fixed assets9,425,852,427.628,613,223,465.46
Construction in progress636,881,871.891,718,468,880.53
Productive biological assets
Oil and gas assets
Use right assets31,607,985.4523,260,955.23
Intangible assets3,353,312,512.913,397,873,791.08
Including: Data resource
Development expenses
Including: Data resource
Goodwill
Long-term deferred expenses1,752,373.86960,005.91
Deferred tax assets278,444,792.03674,429,617.92
Other non-current assets407,823,146.07358,900,430.13
Total non-current assets17,305,578,672.5617,936,050,865.33
Total assets66,496,926,541.3563,294,455,201.60
Current liabilities:
Short-term loans
Borrowings from the central bank
Loans from other banks
Held-for-trading financial liabilities9,763.87
Derivative financial liabilities
Notes payable
Accounts payable1,955,461,761.322,357,223,733.21
Advance from customer
Contract liabilities2,654,171,466.272,672,977,090.30
Financial assets sold for repurchase
Deposits from customers and inter-bank
Customer brokerage deposits
Securities underwriting brokerage deposits
Employee benefits payable454,040,506.53523,866,711.41
Taxes payable1,956,116,521.672,939,627,533.00
Other payable837,032,162.791,150,721,162.53
Including:Interests payable
Dividends payable29,684,819.82
Handling charges and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one year2,768,923,430.2578,918,152.41
Other current liabilities345,039,911.61347,485,071.57
Total current liabilities10,970,785,760.4410,070,829,218.30
Non-current liabilities:
Insurance contract reserves
Long-term loans9,779,900,000.0010,000,300,000.00
Bonds payable1,498,716,737.02
Including:Preference shares
Perpetual bonds
Lease liabilities28,349,800.1122,356,404.47
Long-term payables
Long-term payroll payables
Accrued liabilities
Deferred income22,126,464.9227,772,083.74
Deferred tax liabilities121,296,037.48142,773,028.22
Other non-current liabilities
Total non-current liabilities9,951,672,302.5111,691,918,253.45
Total liabilities20,922,458,062.9521,762,747,471.75
Owners' equity
Share capital1,471,966,503.001,471,987,769.00
Other equity instruments
Including: preference shares
Perpetual bonds
Capital reserves5,328,783,977.045,185,481,523.22
Less: treasury stock357,638,387.98616,743,610.59
Other comprehensive income52,433,946.0863,130,469.51
Special reserves
Surplus reserves1,471,987,769.001,471,987,769.00
General risk reserve
Undistributed profits37,460,032,630.9733,815,566,574.75
Total equity attributable to owners of the parent company45,427,566,438.1141,391,410,494.89
Non-controlling interests146,902,040.29140,297,234.96
Total owners' equity45,574,468,478.4041,531,707,729.85
Total liabilities and owners' equity66,496,926,541.3563,294,455,201.60

Legal representative:Liu MiaoPerson in charge of accounting affairs:Xie HongPerson in charge of accounting department:Song Ying

4.1.2 Consolidated income statement for Q1~Q3

Unit: CNY

ItemQ1~Q3 2024Q1~Q3 2023
1. Total operating revenue24,303,555,187.3021,942,722,318.53
Including: Operating revenue24,303,555,187.3021,942,722,318.53
Interest income
Earned premium
Fee and commission income
2. Total operating costs8,716,343,501.207,947,227,779.03
Including: Cost of sales2,810,818,847.642,534,606,065.52
Interest expense
Handling charges and commission expenses
Refunded premiums
Net payments for insurance claims
Net provision for insurance contracts
Bond insurance expense
Reinsurance Expenses
Taxes and surcharges2,738,129,445.182,284,378,173.69
Selling and distribution expenses2,500,180,332.272,406,327,625.61
General and administrative expenses766,584,464.15842,806,705.91
Research and Development expenses142,651,488.12128,135,082.85
Financial expenses-242,021,076.16-249,025,874.55
Including:Interest expenses368,223,585.86377,135,947.94
Interest income619,035,153.33626,899,439.08
Plus: Other income27,507,988.3436,610,879.53
Investment income ("-" for losses)41,589,803.2469,589,986.95
Including: income from investment in associates and joint ventures40,700,111.7354,878,251.56
Income from the derecognition of financial assets measured at amortized cost
Foreign exchange gains ("-" for losses)
Net gain on exposure hedges (“-” for losses)
Gains from the changes in fair values(“-“ for losses)30,347,487.2742,191,204.30
Credit impairment losses (“-” for losses)1,214,862.781,036,687.07
Impairment losses(“-“ for losses)
Gains from disposal of assets("-" for losses)1,058,796.90-661,002.49
3. Operating profits ("-" for losses)15,688,930,624.6314,144,262,294.86
Plus: non-operating income12,737,373.7829,489,316.30
Less: non-operating expenses21,471,447.378,475,193.22
4. Total profits before tax ("-" for total losses)15,680,196,551.0414,165,276,417.94
Less: income tax expenses4,072,760,301.973,563,907,124.89
5. Net profit ("-" for net loss)11,607,436,249.0710,601,369,293.05
5.1 By operating continuity
5.1.1 Net profit from continuing operation ("-" for losses)11,607,436,249.0710,601,369,293.05
5.1.2 Net profit from discontinued operation ("-" for losses)
5.2 By ownership
1) Attributable to shareholders of the parent company ("-" for losses)11,593,041,150.0510,566,121,970.45
2) Attributable to non-controlling interests ("-" for losses)14,395,099.0235,247,322.60
6. Net of tax from other comprehensive income-10,901,548.12-221,719,078.69
Net of tax from other comprehensive income to the owner of the parent company-10,696,523.43-222,500,286.71
6.1 Other comprehensive income cannot reclassified into the profit and loss:-16,573,138.80-222,936,907.49
1) Remeasure the variation of net indebtedness or net asset of defined benefit plans
2) Share in other-98,594.78131,244.39
comprehensive income that cannot be classified into profit and loss under equity method
3) Changes in fair value of investments in other equity instruments-16,474,544.02-223,068,151.88
4) Changes in fair value of the company’s credit risks
5) Other
6.2 Other comprehensive income that will be reclassified into the profit and loss5,876,615.37436,620.78
1) Share in other comprehensive income that will be classified into profit and loss under equity method6,125,748.26-516,803.74
2) Changes in fair value of investments in other debt obligations
3) Other comprehensive income arising from the reclassification of financial assets
4) Allowance for credit impairments in investments in other debt obligations
5) Reserve for cash-flow hedge
6) Balance arising from the translation of foreign currency financial statements-249,132.89953,424.52
7) Others
Net of tax from other comprehensive income to non-controlling interests-205,024.69781,208.02
7. Total comprehensive income11,596,534,700.9510,379,650,214.36
(1) Total comprehensive income attributable to owners of the parent company11,582,344,626.6210,343,621,683.74
(2) Total comprehensive income attributable to non-controlling interests14,190,074.3336,028,530.62
8. Earnings per share
(1) Basic earnings per share7.897.19
(2) Diluted earnings per share7.897.19

Legal representative:Liu MiaoPerson in charge of accounting affairs:Xie HongPerson in charge of accounting department:Song Ying

4.1.3 Consolidated statement of cash flows for Q1~Q3

Unit: CNY

ItemQ1~Q3 2024Q1~Q3 2023
1. Cash flows from operating activities
Cash received from sale of goods28,268,692,121.7527,644,766,394.51
and rendering of services
Net increase in customer bank deposits and placement from banks and other financial institutions
Net increase in loans from central bank
Net increase in loans from other financial institutions
Premiums received from original insurance contracts
Net cash received from reinsurance business
Net increase in deposits and investments from policyholders
Cash received from interest, handling charges and commissions
Net increase in placements from other financial institutions
Net capital increase in repurchase business
Net cash received from customer brokerage deposits
Refunds of taxes and surcharges2,958,263.902,467,243.81
Cash received from other operating activities667,232,830.17712,179,872.13
Subtotal of cash inflows from operating activities28,938,883,215.8228,359,413,510.45
Cash paid for goods purchased and services received3,371,913,988.236,711,528,483.77
Net increase in loans and advances to customers
Net increase in deposits in central bank and other banks and financial institutions
Cash paid for original insurance contract claims
Net increase in lending funds
Cash paid for interests, handling charges and commissions
Cash paid for policy dividends
Cash paid to and on behalf of employees1,064,925,092.78988,987,146.39
Cash paid for taxes and surcharges9,726,003,677.889,187,530,503.56
Cash paid for other operating activities2,311,325,660.822,418,799,479.85
Subtotal of cash outflows from operating activities16,474,168,419.7119,306,845,613.57
Net cash flows from operating activities12,464,714,796.119,052,567,896.88
2. Cash flows from investing activities
Cash received from disposal of2,090,367,314.891,502,335,883.94
investments
Cash received from returns on investments42,401,007.1516,890,941.28
Net cash received from disposal of fixed assets, intangible assets and other long-term assets11,432,852.366,151,397.95
Net cash received from disposal of subsidiaries and other business units
Cash received from other investing activities
Subtotal of cash inflows from investing activities2,144,201,174.401,525,378,223.17
Cash paid to acquire and construct fixed assets, intangible assets and other long-term assets611,683,806.45879,418,321.30
Cash paid for investments2,471,700,000.001,100,000,000.00
Net increase in pledge loans
Net cash paid to acquire subsidiaries and other business units
Cash paid for other investing activities12,791.67
Subtotal of cash outflows from investing activities3,083,396,598.121,979,418,321.30
Net cash flows from investing activities-939,195,423.72-454,040,098.13
3. Cash flows from financing activities
Cash received from investors79,496.1110,373,040.14
Including: cash received by subsidiaries from investments by minority shareholders79,496.112,082,314.40
Cash received from borrowings2,000,000,000.006,850,000,000.00
Cash received from other financing activities
Subtotal of cash inflows from financing activities2,000,079,496.116,860,373,040.14
Cash paid for debt repayments1,020,600,000.0020,100,000.00
Cash paid for distribution of dividends and profits or payment of interest8,229,507,984.856,450,638,992.85
Including: dividends and profits paid to minority shareholders by subsidiaries29,684,819.82
Cash paid for other financing activities16,062,790.161,137,908.64
Subtotal of cash outflows from financing activities9,266,170,775.016,471,876,901.49
Net cash flows from financing activities-7,266,091,278.90388,496,138.65
4. Effect of fluctuation in exchange rate on cash and cash equivalents-4,009,184.326,241,015.17
5. Net increase in cash and cash equivalents4,255,418,909.178,993,264,952.57
Plus: balance of cash and cash equivalents at the beginning of the period25,893,029,277.8617,729,006,591.87
6. Balance of cash and cash equivalents at the end of the period30,148,448,187.0326,722,271,544.44

4.2 Adjustments to financial statement items at the beginning of the year of the firstimplementation of the new accounting standards implemented since 2024

□Applicable ? N/A

4.3 Auditor’s report

Whether the financial statements of this report have been audited by an auditor

□Yes ? No

The said financial statements are unaudited by an auditor.

The Board of Directors of Luzhou Laojiao Co., Ltd.


附件:公告原文