古井贡B:2024年第三季度报告(英文)

查股网  2024-10-31  古井贡酒(000596)公司公告

ANHUI GUJING DISTILLERY COMPANY LIMITED

THIRD QUARTERLY REPORT 2024

October 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 allthe members of the Company’s Board of Directors hereby guarantee that the contents of thisReport are true, accurate and complete and free of any misrepresentations, misleadingstatements or material omissions.Important Notes:

1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior managementof 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 2024YoY change (%)Q1-Q3 2024YoY change (%)
Operating revenue (RMB)5,262,915,448.3313.36%19,068,608,990.6819.53%
Net profit attributable to the listed company’s shareholders (RMB)1,173,702,231.0413.60%4,746,493,826.1924.49%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)1,159,067,061.0214.52%4,699,607,967.6925.55%
Net cash generated from/used in operating activities (RMB)5,344,200,057.86-6.56%
Basic earnings per share (RMB/share)2.2213.85%8.9824.55%
Diluted earnings per share (RMB/share)2.2213.85%8.9824.55%
Weighted average return on equity (%)5.04%-0.07%20.54%1.87%
30 September 202431 December 2023Change (%)
Total assets (RMB)37,854,450,331.4235,420,907,274.996.87%
Equity attributable to the listed company’s shareholders (RMB)23,894,550,278.1921,525,309,609.4411.01%

(II) Exceptional Gains and Losses

? Applicable □ Not applicable

Unit: RMB

ItemQ3 2024Q1-Q3 2024Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)-3,013,981.32-5,003,819.81
Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards)14,958,322.8438,579,969.04
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)200,664.411,602,099.81
Non-operating income and expense other than the above11,511,901.7639,122,853.89
Less: Income tax effects5,870,465.3618,212,684.98
Non-controlling interests effects (net of tax)3,151,272.319,202,559.45
Total14,635,170.0246,885,858.50--

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

□Applicable ? Not applicable

No such cases in 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 in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation? Applicable □ Not applicable

Unit: RMB

Balance sheet items30 September 20241 January 2024Change (%)Main reason for change
Held-for-trading financial assets50,200,664.41719,987,547.42-93.03%Disinvestment in wealth management products upon maturity.
Long-term prepaid expense342,642,464.5959,102,583.98479.74%The main reason is that the theme hotel has reached the state of use, and the decoration expenses have been converted into long-term deferred expenses.
Notes payable553,311,293.651,353,187,723.44-59.11%Redemption of issued bank acceptance bills upon maturity.
Contract liabilities1,935,545,492.861,401,122,249.5338.14%Increased sales orders.
Other current liabilities1,892,786,562.141,132,018,451.1067.20%Increase in unverified expenses.
Income statement itemsQ1-Q3 2024Q1-Q3 2023Change (%)Main reason for change
Finance costs-306,210,655.53-163,786,161.13-86.96%Increased interest income.
Gain on changes in fair value200,664.4130,454,851.54-99.34%Decreased purchases of wealth management products in the current period.
Non-operating expense11,263,819.2525,617,256.03-56.03%Decreased donation expenditures.
Cash flow statement itemsQ1-Q3 2024Q1-Q3 2023Change (%)Main reason for change
Cash generated from other operating activities1,979,480,373.631,219,982,214.1362.25%Recovery of restricted funds upon maturity.
Cash used in other operating activities2,875,409,885.791,960,641,541.2346.66%The main reason is the increase in operating expenses related to expenses.
Proceeds from disinvestment725,199,000.001,830,098,239.02-60.37%Decreased disinvestment in wealth management products upon maturity.
Return on investment22,301,834.4550,105,869.81-55.49%Decreased gains on wealth management products.
Payments for investments50,000,000.00765,000,000.00-93.46%Decreased purchases of wealth management products.
Capital contributions received26,000,000.004,000,000.00550.00%The main reason is that the subsidiary received capital contributions from minority shareholders.
Interest and dividends paid2,458,341,671.661,594,882,967.4854.14%Increased dividend payout.
Net increase in cash and cash equivalents1,738,112,822.623,553,023,620.39-51.08%Increased dividend payout.

II Shareholder Information(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders

Unit: share

Number of ordinary shareholders38,101Number of preference shareholders with resumed voting rights (if any)0
Top 10 shareholders
Name of shareholderNature of shareholderShareholding percentageTotal shares heldRestricted shares heldShares in pledge, marked or frozen
StatusShares
ANHUI GUJING GROUP COMPANY LIMITEDState-owned legal person51.34%271,404,022In pledge30,000,000
BANK OF CHINA-CHINA MERCHANTS CHINA SECURITIES BAIJIU INDEX CLASSIFICATION SECURITIES INVESTMENT FUNDOther2.53%13,383,165N/A
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED- INVESCO GREAT WALL EMERGING GROWTH HYBRID SECURITIES INVESTMENT FUNDOther1.82%9,621,200N/A
CHINA INTERNATIONAL CAPITAL CORPORATIONForeign legal person1.69%8,915,263N/A
HONG KONG SECURITIES LTD
AGRICULTURAL BANK OF CHINA-E FUND CONSUMPTION SECTOR STOCK SECURITIES INVESTMENT FUNDOther1.51%7,978,008N/A
HONG KONG SECURITIES CLEARING COMPANY LTD.Foreign legal person1.33%7,045,406N/A
UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD)Foreign legal person1.32%6,958,745N/A
GREENWOODS CHINA ALPHA MASTER FUNDForeign legal person1.14%6,049,760N/A
BANK OF CHINA- INVESCO GREAT WALL DINGYI HYBRID SECURITIES INVESTMENT FUND (LOF)Other0.85%4,500,000N/A
3W GLOBAL FUNDForeign legal person0.77%4,051,528N/A
Top 10 unrestricted shareholders
Name of shareholderUnrestricted ordinary shares heldShares by class
ClassShares
ANHUI GUJING GROUP COMPANY LIMITED271,404,022RMB-denominated ordinary share271,404,022
BANK OF CHINA-CHINA MERCHANTS CHINA SECURITIES BAIJIU INDEX CLASSIFICATION SECURITIES INVESTMENT FUND13,383,165RMB-denominated ordinary share13,383,165
INDUSTRIAL AND COMMERCIAL9,621,200RMB-denom9,621,200
BANK OF CHINA LIMITED- INVESCO GREAT WALL EMERGING GROWTH HYBRID SECURITIES INVESTMENT FUNDinated ordinary share
CHINA INTERNATIONAL CAPITAL CORPORATION HONG KONG SECURITIES LTD8,915,263Domestically listed foreign share8,915,263
AGRICULTURAL BANK OF CHINA-E FUND CONSUMPTION SECTOR STOCK SECURITIES INVESTMENT FUND7,978,008RMB-denominated ordinary share7,978,008
HONG KONG SECURITIES CLEARING COMPANY LTD.7,045,406RMB-denominated ordinary share7,045,406
UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD)6,958,745Domestically listed foreign share6,958,745
GREENWOODS CHINA ALPHA MASTER FUND6,049,760Domestically listed foreign share6,049,760
BANK OF CHINA- INVESCO GREAT WALL DINGYI HYBRID SECURITIES INVESTMENT FUND (LOF)4,500,000RMB-denominated ordinary share4,500,000
3W GLOBAL FUND4,051,528Domestically listed foreign share4,051,528
Related or acting-in-concert parties among the shareholders aboveAmong 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 Changes in Shareholding of Listed Companies. As for the other shareholders, the Company 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 securities margin trading (if any)Not applicable.

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 ofShares in the commonShares lent inShares in the commonShares lent in
shareholderaccount and credit account at the period-beginrefinancing and not yet returned at the period-beginaccount and credit account at the period-endrefinancing and not yet returned at the period-end
Total sharesAs % of total share capitalTotal sharesAs % of total share capitalTotal sharesAs % of total share capitalTotal sharesAs % of total share capital
BANK OF CHINA-CHINA MERCHANTS CHINA SECURITIES BAIJIU INDEX CLASSIFICATION SECURITIES INVESTMENT FUND12,814,4552.42%43,0000.0081%13,383,1652.53%00.00%

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

□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

Item30 September 20241 January 2024
Current assets:
Monetary assets16,903,911,302.0215,966,371,744.19
Settlement reserve
Loans to other banks and financial institutions
Held-for-trading financial assets50,200,664.41719,987,547.42
Derivative financial assets
Notes receivable
Accounts receivable71,131,178.4068,607,919.27
Receivables financing1,152,646,851.15957,560,115.73
Prepayments151,379,088.7691,607,342.18
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables45,449,322.5949,178,194.70
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale agreements
Inventories7,998,847,138.367,519,682,536.51
Including: Data resource
Contract assets
Assets held for sale
Current portion of non-current assets
Other current assets107,650,658.95135,071,255.36
Total current assets26,481,216,204.6425,508,066,655.36
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments10,166,100.4610,367,078.26
Investments in other equity instruments71,247,359.2763,105,658.07
Other non-current financial assets
Investment property43,630,441.4346,622,910.19
Fixed assets6,374,948,399.184,596,044,056.92
Construction in progress2,134,801,435.292,910,735,155.39
Productive living assets
Oil and gas assets
Right-of-use assets103,337,612.1481,038,100.24
Intangible assets1,131,820,258.831,123,186,836.65
Including: Data resource
Development costs
Including: Data resource
Goodwill561,364,385.01561,364,385.01
Long-term prepaid expense342,642,464.5959,102,583.98
Deferred income tax assets594,863,184.58455,588,567.46
Other non-current assets4,412,486.005,685,287.46
Total non-current assets11,373,234,126.789,912,840,619.63
Total assets37,854,450,331.4235,420,907,274.99
Current liabilities:
Short-term borrowings70,014,544.520.00
Borrowings from the central bank
Loans from other banks and financial institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable553,311,293.651,353,187,723.44
Accounts payable2,547,190,695.132,814,192,071.24
Advances from customers
Contract liabilities1,935,545,492.861,401,122,249.53
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 payable1,030,411,776.001,180,605,773.29
Taxes and levies payable1,450,287,108.931,179,368,855.69
Other payables2,870,035,770.083,267,292,222.01
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities61,133,754.2480,825,022.51
Other current liabilities1,892,786,562.141,132,018,451.10
Total current liabilities12,410,716,997.5512,408,612,368.81
Non-current liabilities:
Insurance contract reserve
Long-term borrowings83,400,000.00107,106,256.94
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities86,991,461.6668,380,767.78
Long-term payables
Long-term employee benefits payable
Provisions
Deferred income100,024,175.79100,811,404.82
Deferred income tax liabilities276,133,361.69321,723,514.56
Other non-current liabilities
Total non-current liabilities546,548,999.14598,021,944.10
Total liabilities12,957,265,996.6913,006,634,312.91
Owners’ equity:
Share capital528,600,000.00528,600,000.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves6,224,747,667.106,224,747,667.10
Less: Treasury stock
Other comprehensive income3,043,165.291,596,322.73
Specific reserve
Surplus reserves269,402,260.27269,402,260.27
General reserve
Retained earnings16,868,757,185.5314,500,963,359.34
Total equity attributable to owners of the Company as the parent23,894,550,278.1921,525,309,609.44
Non-controlling interests1,002,634,056.54888,963,352.64
Total owners’ equity24,897,184,334.7322,414,272,962.08
Total liabilities and owners’ equity37,854,450,331.4235,420,907,274.99

Legal representative: Liang Jinhui The Company’s chief accountant: Zhu JiafengHead of the Company’s financial department: Zhu Jiafeng

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

ItemQ1~Q3 2024Q1~Q3 2023
1. Revenues19,068,608,990.6815,952,670,483.87
Including: Operating revenue19,068,608,990.6815,952,670,483.87
Interest income
Insurance premium income
Fee and commission income
2. Costs and expenses12,427,587,820.5210,754,223,608.52
Including: Cost of sales3,869,357,163.033,343,855,826.63
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 levies2,999,512,261.422,293,099,280.99
Selling expense4,822,663,805.474,363,197,563.47
Administrative expense990,677,306.80872,449,543.70
Development costs51,587,939.3345,407,554.86
Finance costs-306,210,655.53-163,786,161.13
Including: Interest expense6,111,857.441,727,067.52
Interest income325,087,545.79167,923,759.11
Add: Other income42,933,494.2835,670,066.51
Return on investment (“-” for loss)-33,806,557.30-32,592,873.01
Including: Share of profit or loss of joint ventures and associates-200,977.8098,195.82
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 (“-” for loss)200,664.4130,454,851.54
Credit impairment loss (“-” for loss)-407,789.0889,755.67
Asset impairment loss (“-” for loss)6,573,566.64-17,812,316.77
Asset disposal income (“-” for loss)132,292.33308,674.89
3. Operating profit (“-” for loss)6,656,646,841.445,214,565,034.18
Add: Non-operating income45,300,561.0064,536,823.91
Less: Non-operating expense11,263,819.2525,617,256.03
4. Gross profit (“-” for loss)6,690,683,583.195,253,484,602.06
Less: Income tax expense1,793,824,244.971,342,726,101.85
5. Net profit (“-” for net loss)4,896,859,338.223,910,758,500.21
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss)4,896,859,338.223,910,758,500.21
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 (“-” for net loss)4,746,493,826.193,812,634,873.99
5.2.2 Net profit attributable to non-controlling interests (“-” for net loss)150,365,512.0398,123,626.22
6. Other comprehensive income, net of tax3,968,391.68-6,160,008.30
Attributable to owners of the Company as the parent1,446,842.56-7,729,899.86
6.1 Items that will not be reclassified3,663,765.532,436,079.94
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 investments in other equity instruments3,663,765.532,436,079.94
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 profit or loss-2,216,922.97-10,165,979.80
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 financial assets-2,216,922.97-10,165,979.80
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 interests2,521,549.121,569,891.56
7. Total comprehensive income4,900,827,729.903,904,598,491.91
7.1 Attributable to owners of the Company as the parent4,747,940,668.753,804,904,974.13
7.2 Attributable to non-controlling interests152,887,061.1599,693,517.78
8. Earnings per share
8.1 Basic earnings per share8.987.21
8.2 Diluted earnings per share8.987.21

Legal representative: Liang Jinhui The Company’s chief accountant: Zhu JiafengHead of the Company’s financial department: Zhu Jiafeng

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

ItemQ1~Q3 2024Q1~Q3 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services19,705,215,506.2617,349,755,297.26
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 rebates26,680,241.3527,474,101.01
Cash generated from other operating activities1,979,480,373.631,219,982,214.13
Subtotal of cash generated from operating activities21,711,376,121.2418,597,211,612.40
Payments for commodities and services3,833,390,034.852,744,644,703.85
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 employees3,028,178,859.642,822,198,725.74
Taxes and levies paid6,630,197,283.105,350,100,855.40
Cash used in other operating activities2,875,409,885.791,960,641,541.23
Subtotal of cash used in operating activities16,367,176,063.3812,877,585,826.22
Net cash generated from/used in operating activities5,344,200,057.865,719,625,786.18
2. Cash flows from investing activities:
Proceeds from disinvestment725,199,000.001,830,098,239.02
Return on investment22,301,834.4550,105,869.81
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets57,370.001,375,735.00
Net proceeds from the disposal of subsidiaries and other business units
Cash generated from other investing activities
Subtotal of cash generated from investing activities747,558,204.451,881,579,843.83
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets1,877,953,322.371,693,381,360.26
Payments for investments50,000,000.00765,000,000.00
Net increase in pledged loans granted
Net payments for the acquisition of subsidiaries and other business units0.0013,439,262.05
Cash used in other investing activities
Subtotal of cash used in investing activities1,927,953,322.372,471,820,622.31
Net cash generated from/used in investing activities-1,180,395,117.92-590,240,778.48
3. Cash flows from financing activities:
Capital contributions received26,000,000.004,000,000.00
Including: Capital contributions by non-controlling interests to subsidiaries26,000,000.004,000,000.00
Borrowings received120,000,100.00149,200,000.00
Cash generated from other financing activities
Subtotal of cash generated from financing activities146,000,100.00153,200,000.00
Repayment of borrowings91,590,000.00113,000,000.00
Interest and dividends paid2,458,341,671.661,594,882,967.48
Including: Dividends paid by subsidiaries to non-controlling interests79,865,320.115,304,511.69
Cash used in other financing activities21,760,545.6621,678,419.83
Subtotal of cash used in financing activities2,571,692,217.321,729,561,387.31
Net cash generated from/used in financing activities-2,425,692,117.32-1,576,361,387.31
4. Effect of foreign exchange rates changes on cash and cash equivalents
5. Net increase in cash and cash equivalents1,738,112,822.623,553,023,620.39
Add: Cash and cash equivalents, beginning of the period14,676,167,417.3613,105,373,435.22
6. Cash and cash equivalents, end of the16,414,280,239.9816,658,397,055.61

period

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation ofthe New Accounting Standards Implemented since 2024

□ Applicable ? Not applicable

(III) Independent Auditor’s ReportIndicate 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 Directors31 October 2024


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