Q3 2024 Report of Luzhou Laojiao Co., Ltd.
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 hereby
guarantee that the contents of this Report are true, accurate and
complete and free of any misrepresentations, misleading statements or
material omissions.
Important Statements:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management
guarantee that the information presented in this report is free of any false records, misleading
statements 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 the
responsible person for the Company’s financial affairs (Accounting Supervisor) have warranted that
the 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 or
misunderstandings between the two versions, the Chinese version shall prevail.
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
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 2024 YoY change Q1-Q3 2024 YoY change
Operating revenues
7,398,670,017.92 0.67% 24,303,555,187.30 10.76%
(CNY)
Net profits
attributable to
3,565,502,984.74 2.58% 11,593,041,150.05 9.72%
shareholders of the
Company (CNY)
Net profits
attributable to
shareholders of the
3,570,292,253.98 3.52% 11,564,402,985.22 10.24%
Company before
non-recurring gains
and losses (CNY)
Net cash flows from
operating activities — — 12,464,714,796.11 37.69%
(CNY)
Basic earnings per
2.43 2.53% 7.89 9.74%
share (CNY/share)
Diluted earnings per
2.43 2.53% 7.89 9.74%
share (CNY/share)
Weighted average
8.27% -1.14% 25.88% -2.32%
ROE
30 September 2024 31 December 2023 Change
Total assets (CNY) 66,496,926,541.35 63,294,455,201.60 5.06%
Net assets
attributable to
45,427,566,438.11 41,391,410,494.89 9.75%
shareholders of the
Company (CNY)
1.2 Non-recurring gains and losses
Applicable □ N/A
Unit: CNY
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss from disposal
of non-current assets
(including the write-off 1.80 1,058,796.90
portion of the impairment
provision)
Government grants
recognised in profit or loss
(exclusive of those that are
closely related to the 6,128,697.80 24,981,321.89
Company's normal
business operations and
given in accordance with
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
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 -2,906,267.78 20,527,273.78
liabilities (exclusive of the
effective portion of hedges
that is related to the
Company's normal
business operations)
Other non-operating
income and expenditure
-9,635,164.54 -8,734,073.59
except above-mentioned
items
Less: Corporate income
-1,626,355.68 9,114,053.65
tax
Minority interests
2,892.20 81,100.50
(after tax)
Total -4,789,269.24 28,638,164.83 --
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 the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities
to 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/A
A. The closing carrying balance of accounts receivables decreased by CNY 10,521,711.62 compared to
the opening carrying balance at the beginning of the year, indicating a decrease of 60.26%. It was
mainly 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 the
opening balance at the beginning of the year, indicating a decrease of 90.64%. It was mainly due to the
decreased value added tax, corporate income tax and other taxes to be offset in the current period.
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
C. The closing balance of investment property increased by CNY 13,183,521.71 compared to the
opening balance at the beginning of the year, indicating an increase of 34.89%. It was mainly due to the
additional property leases in the current period.
D. The closing balance of construction in progress decreased by CNY 1,081,587,008.64 compared to
the opening balance at the beginning of the year, indicating a decrease of 62.94%. It was mainly due to
the 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 the
opening balance at the beginning of the year, indicating a decrease of 58.71%. It was mainly due to the
decreased unrealized profits of internal transactions and the relevant reversal as a result of the
unlocking of restricted shares.
F. The closing balance of taxes payable decreased by CNY 983,511,011.33 compared to the opening
balance at the beginning of the year, indicating a decrease of 33.46%. It was mainly due to the payment
of the opening taxes payable in the current period.
G. The closing balance of non-current liabilities due within one year increased by CNY
2,690,005,277.84 compared to the opening balance at the beginning of the year, indicating an increase
of 3408.60%. It was mainly due to the reclassification of bonds payable and long-term loans due within
one year.
H. The closing balance of treasury stock decreased by CNY 259,105,222.61 compared to the opening
balance at the beginning of the year, indicating a decrease of 42.01%. It was mainly due to the relevant
reversal 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 the
same period of last year, indicating a decrease of 40.24%. It was mainly due to the decreased earnings
of investee Huaxi Securities in the current period.
J. Net cash flows from operating activities in the current Q1-Q3 period increased by CNY
3,412,146,899.23 compared to the same period of last year, indicating an increase of 37.69%. It was
mainly due to the increased cash received from sale of goods and the decreased cash paid for goods
purchased and services received in the current period.
K. Net cash flows from investing activities in the current Q1-Q3 period decreased by CNY
485,155,325.59 compared to the same period of last year. It was mainly due to the increased
purchases of wealth management products (collective asset management plans) from securities firms
in the current period.
L. Net cash flows from financing activities in the current Q1-Q3 period decreased by CNY
7,654,587,417.55 compared to the same period of last year. It was mainly due to the receipt of less
bank loan in the current period compared to the same period of last year.
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
2. Shareholder information
2.1 Total numbers of common shareholders and preference shareholders with resumed voting
rights as well as shareholdings of top 10 shareholders
Unit: Share
Total number of common Total number of preference shareholders with
shareholders at the end of the 168,211 resumed voting rights at the end of the reporting 0
reporting period period (if any)
Shareholdings of the top 10 shareholders (exclusive of shares lent in refinancing)
Number of Pledged, marked or frozen
Name of Nature of Shareholding Total shares holding shares
shareholder shareholder percentage held restricted Status of Number of
shares shares shares
Luzhou
State-owned
Laojiao Group 25.89% 381,088,389.00 0 N/A 0
corporation
Co., Ltd.
Luzhou
XingLu
State-owned
Investment 24.86% 365,971,142.00 0 N/A 0
corporation
Group Co.,
Ltd.
Hong Kong
Securities
Outbound
Clearing 3.28% 48,267,771.00 0 N/A 0
corporation
Company
Limited
Bank of China
Co., Ltd. –
Baijiu index
classification
securities Other 3.07% 45,222,560.00 0 N/A 0
investment
fund by China
Merchants
Fund
China
Securities
Finance Other 2.30% 33,842,059.00 0 N/A 0
Corporation
Limited
Bank of China
Co., Ltd.－
Blue chip
selected
hybrid Other 1.51% 22,250,000.00 0 N/A 0
securities
investment
fund by E
Fund
Industrial and
Commercial
Bank of China
Other 0.92% 13,598,087.00 0 N/A 0
Co., Ltd.-
Newly growth
hybrid
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
securities
investment
fund by
Invesco Great
Wall
Central Huijin
Asset State-owned
0.92% 13,539,862.00 0 N/A 0
Management corporation
Co., Ltd.
Industrial and
Commercial
Bank of China
Co., Ltd.-
Huatai- Other 0.92% 13,475,235.00 0 N/A 0
Pinebridge
CSI 300
Exchange-
Traded Fund
China
Construction
Bank Co.,
Ltd.- E Fund
Other 0.63% 9,278,276.00 0 N/A 0
CSI 300
Initiating
Exchange-
Traded Fund
Shareholdings of the top 10 non-restricted shareholders (exclusive of shares lent in refinancing and locked shares of
executives)
Type and number of shares
Name of shareholder Number of non-restricted shares held
Type Number
CNY common 381,088,389.0
Luzhou Laojiao Group Co., Ltd. 381,088,389.00
shares 0
Luzhou XingLu Investment CNY common 365,971,142.0
365,971,142.00
Group Co., Ltd. shares 0
Hong Kong Securities Clearing CNY common
48,267,771.00 48,267,771.00
Company Limited shares
Bank of China Co., Ltd. – Baijiu
index classification securities CNY common
45,222,560.00 45,222,560.00
investment fund by China shares
Merchants Fund
China Securities Finance CNY common
33,842,059.00 33,842,059.00
Corporation Limited shares
Bank of China Co., Ltd.－Blue
CNY common
chip selected hybrid securities 22,250,000.00 22,250,000.00
shares
investment fund by E Fund
Industrial and Commercial
Bank of China Co., Ltd.-Newly
CNY common
growth hybrid securities 13,598,087.00 13,598,087.00
shares
investment fund by Invesco
Great Wall
Central Huijin Asset CNY common
13,539,862.00 13,539,862.00
Management Co., Ltd. shares
Industrial and Commercial
Bank of China Co., Ltd.- CNY common
13,475,235.00 13,475,235.00
Huatai-Pinebridge CSI 300 shares
Exchange-Traded Fund
China Construction Bank Co., 9,278,276.00 CNY common 9,278,276.00
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
Ltd.- E Fund CSI 300 Initiating shares
Exchange-Traded Fund
1. 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
Related parties or acting-in-concert
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
N/A
margin trading (if any)
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in
refinancing shares lending
□Applicable N/A
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares
lending/return compared with the prior period
□Applicable N/A
2.2 Total number of preferred shareholders and shareholdings of the top 10 preferred
shareholders
□Applicable N/A
3. Other significant events
Applicable □ N/A
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
A. Progress on the restricted share incentive plan
a. On 23 January 2024, the Company held the 38th Meeting of the 10th Board of Directors and the
20th Meeting of the 10th Board of Supervisors, at which the Proposal on the Repurchase and
Cancellation of Some Restricted Shares and the Adjustment of Repurchase Price and the Proposal
on the Satisfaction of Unlocking Conditions for the First Unlocking Period of the 2021 Restricted
Share Incentive Plan were reviewed and approved respectively. The Board of Supervisors of the
Company issued the review opinion, and the law firm and the independent financial adviser issued a
legal opinion and an independent financial adviser's report respectively.
b. On 22 February 2024, the Company disclosed the Reminder Announcement on Unlocked Shares
in the First Unlocking Period of the 2021 Restricted Share Incentive Plan Being Allowed for Public
Trading. As such, the unlocked restricted shares in the first unlocking period of the 2021 Restricted
Share 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 Shares
was approved at the 40th Meeting of the 10th Board of Directors and the 22nd Meeting of the Board
of Supervisors, respectively. On 5 June, the Company disclosed the Announcement on the
Repurchase and Cancellation of Some Restricted Shares to Reduce Registered Capital and Notice to
Creditors. By the expiration of the declaring period, the Company had not received any declaration
from 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 the
Repurchase and Cancellation of Some Restricted Shares. As at 14 August 2024, the Company
completed 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 and
the Third Meeting of the 11th Board of Supervisors, at which the Proposal on the Satisfaction of
Unlocking Conditions for the First Unlocking Period for the Reserved Restricted Shares of the 2021
Restricted Share Incentive Plan and the Proposal on the Repurchase and Cancellation of Some
Restricted 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 legal
opinion.
f. On 28 September 2024, the Company disclosed the Reminder Announcement on Unlocked Shares
in the First Unlocking Period for the Reserved Restricted Shares of the 2021 Restricted Share
Incentive Plan Being Allowed for Public Trading. As such, the unlocked restricted shares in the first
unlocking period for the reserved restricted shares of the 2021 Restricted Share Incentive Plan were
allowed for public trading on 9 October 2024.
B. The Company invested in the technical upgrade program of intelligent brewing (Phase I) with the
wholly-owned subsidiary, Luzhou Laojiao Brewing Co., Ltd., as the implementer. The total investment
amount 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.
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
4. Financial statements
4.1 Financial statements
4.1.1 Consolidated balance sheet
Prepared by: Luzhou Laojiao Co., Ltd.
30 September 2024
Unit: CNY
Item 30 September 2024 1 January 2024
Current assets:
Cash and cash equivalents 30,317,711,254.63 25,952,025,091.28
Settlement reserves
Lending funds
Held-for-trading financial assets 1,797,091,274.22 1,426,992,098.83
Derivative financial assets
Notes receivables
Accounts receivables 6,939,667.36 17,461,378.98
Accounts receivables financing 4,539,294,569.88 5,938,171,007.93
Prepayment 194,288,987.55 202,309,186.70
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserve
Other receivables 19,668,746.55 22,716,893.12
Including：Interests receivable
Dividends receivable 1,812,067.95
Buying back the sale of financial
assets
Inventories 12,299,814,363.04 11,622,043,947.46
Including: Data resource
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 16,539,005.56 176,684,731.97
Total current assets 49,191,347,868.79 45,358,404,336.27
Non-current assets:
Disbursement of loans and
advances
Investments in debt obligations
Investments in other debt
obligations
Long-term receivables
Long-term equity investments 2,738,007,214.17 2,708,254,833.50
Investments in other equity
380,927,410.08 402,893,468.80
instruments
Other non-current financial assets
Investment property 50,968,938.48 37,785,416.77
Fixed assets 9,425,852,427.62 8,613,223,465.46
Construction in progress 636,881,871.89 1,718,468,880.53
Productive biological assets
Oil and gas assets
Use right assets 31,607,985.45 23,260,955.23
Intangible assets 3,353,312,512.91 3,397,873,791.08
Including: Data resource
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
Development expenses
Including: Data resource
Goodwill
Long-term deferred expenses 1,752,373.86 960,005.91
Deferred tax assets 278,444,792.03 674,429,617.92
Other non-current assets 407,823,146.07 358,900,430.13
Total non-current assets 17,305,578,672.56 17,936,050,865.33
Total assets 66,496,926,541.35 63,294,455,201.60
Current liabilities:
Short-term loans
Borrowings from the central bank
Loans from other banks
Held-for-trading financial liabilities 9,763.87
Derivative financial liabilities
Notes payable
Accounts payable 1,955,461,761.32 2,357,223,733.21
Advance from customer
Contract liabilities 2,654,171,466.27 2,672,977,090.30
Financial assets sold for
repurchase
Deposits from customers and inter-
bank
Customer brokerage deposits
Securities underwriting brokerage
deposits
Employee benefits payable 454,040,506.53 523,866,711.41
Taxes payable 1,956,116,521.67 2,939,627,533.00
Other payable 837,032,162.79 1,150,721,162.53
Including：Interests payable
Dividends payable 29,684,819.82
Handling charges and
commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within
2,768,923,430.25 78,918,152.41
one year
Other current liabilities 345,039,911.61 347,485,071.57
Total current liabilities 10,970,785,760.44 10,070,829,218.30
Non-current liabilities:
Insurance contract reserves
Long-term loans 9,779,900,000.00 10,000,300,000.00
Bonds payable 1,498,716,737.02
Including：Preference shares
Perpetual bonds
Lease liabilities 28,349,800.11 22,356,404.47
Long-term payables
Long-term payroll payables
Accrued liabilities
Deferred income 22,126,464.92 27,772,083.74
Deferred tax liabilities 121,296,037.48 142,773,028.22
Other non-current liabilities
Total non-current liabilities 9,951,672,302.51 11,691,918,253.45
Total liabilities 20,922,458,062.95 21,762,747,471.75
Owners' equity
Share capital 1,471,966,503.00 1,471,987,769.00
Other equity instruments
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
Including: preference shares
Perpetual bonds
Capital reserves 5,328,783,977.04 5,185,481,523.22
Less: treasury stock 357,638,387.98 616,743,610.59
Other comprehensive income 52,433,946.08 63,130,469.51
Special reserves
Surplus reserves 1,471,987,769.00 1,471,987,769.00
General risk reserve
Undistributed profits 37,460,032,630.97 33,815,566,574.75
Total equity attributable to owners of
45,427,566,438.11 41,391,410,494.89
the parent company
Non-controlling interests 146,902,040.29 140,297,234.96
Total owners' equity 45,574,468,478.40 41,531,707,729.85
Total liabilities and owners' equity 66,496,926,541.35 63,294,455,201.60
Legal representative：Liu Miao
Person in charge of accounting affairs：Xie Hong
Person in charge of accounting department：Song Ying
4.1.2 Consolidated income statement for Q1~Q3
Unit: CNY
Item Q1~Q3 2024 Q1~Q3 2023
1. Total operating revenue 24,303,555,187.30 21,942,722,318.53
Including: Operating revenue 24,303,555,187.30 21,942,722,318.53
Interest income
Earned premium
Fee and commission
income
2. Total operating costs 8,716,343,501.20 7,947,227,779.03
Including: Cost of sales 2,810,818,847.64 2,534,606,065.52
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 surcharges 2,738,129,445.18 2,284,378,173.69
Selling and distribution
2,500,180,332.27 2,406,327,625.61
expenses
General and
766,584,464.15 842,806,705.91
administrative expenses
Research and
142,651,488.12 128,135,082.85
Development expenses
Financial expenses -242,021,076.16 -249,025,874.55
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
Including：Interest
368,223,585.86 377,135,947.94
expenses
Interest
619,035,153.33 626,899,439.08
income
Plus: Other income 27,507,988.34 36,610,879.53
Investment income ("-" for
41,589,803.24 69,589,986.95
losses)
Including: income
from investment in associates and 40,700,111.73 54,878,251.56
joint ventures
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
30,347,487.27 42,191,204.30
fair values(“-“ for losses)
Credit impairment losses (“-”
1,214,862.78 1,036,687.07
for losses)
Impairment losses(“-“ for
losses)
Gains from disposal of
1,058,796.90 -661,002.49
assets("-" for losses)
3. Operating profits ("-" for losses) 15,688,930,624.63 14,144,262,294.86
Plus: non-operating income 12,737,373.78 29,489,316.30
Less: non-operating expenses 21,471,447.37 8,475,193.22
4. Total profits before tax ("-" for
15,680,196,551.04 14,165,276,417.94
total losses)
Less: income tax expenses 4,072,760,301.97 3,563,907,124.89
5. Net profit ("-" for net loss) 11,607,436,249.07 10,601,369,293.05
5.1 By operating continuity
5.1.1 Net profit from continuing
11,607,436,249.07 10,601,369,293.05
operation ("-" for losses)
5.1.2 Net profit from
discontinued operation ("-" for losses)
5.2 By ownership
1) Attributable to shareholders of
11,593,041,150.05 10,566,121,970.45
the parent company ("-" for losses)
2) Attributable to non-controlling
14,395,099.02 35,247,322.60
interests ("-" for losses)
6. Net of tax from other
-10,901,548.12 -221,719,078.69
comprehensive income
Net of tax from other
comprehensive income to the owner -10,696,523.43 -222,500,286.71
of the parent company
6.1 Other comprehensive
income cannot reclassified into the -16,573,138.80 -222,936,907.49
profit and loss:
1) Remeasure the variation of
net indebtedness or net asset of
defined benefit plans
2) Share in other -98,594.78 131,244.39
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
comprehensive income that cannot
be classified into profit and loss
under equity method
3) Changes in fair value of
investments in other equity -16,474,544.02 -223,068,151.88
instruments
4) Changes in fair value of the
company’s credit risks
5) Other
6.2 Other comprehensive
income that will be reclassified into 5,876,615.37 436,620.78
the profit and loss
1) Share in other
comprehensive income that will be
6,125,748.26 -516,803.74
classified into profit and loss under
equity method
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 -249,132.89 953,424.52
financial statements
7) Others
Net of tax from other
comprehensive income to non- -205,024.69 781,208.02
controlling interests
7. Total comprehensive income 11,596,534,700.95 10,379,650,214.36
(1) Total comprehensive income
attributable to owners of the parent 11,582,344,626.62 10,343,621,683.74
company
(2) Total comprehensive income
attributable to non-controlling 14,190,074.33 36,028,530.62
interests
8. Earnings per share
(1) Basic earnings per share 7.89 7.19
(2) Diluted earnings per share 7.89 7.19
Legal representative：Liu Miao
Person in charge of accounting affairs：Xie Hong
Person in charge of accounting department：Song Ying
4.1.3 Consolidated statement of cash flows for Q1~Q3
Unit: CNY
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating
activities
Cash received from sale of goods 28,268,692,121.75 27,644,766,394.51
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
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 surcharges 2,958,263.90 2,467,243.81
Cash received from other
667,232,830.17 712,179,872.13
operating activities
Subtotal of cash inflows from
28,938,883,215.82 28,359,413,510.45
operating activities
Cash paid for goods purchased
3,371,913,988.23 6,711,528,483.77
and services received
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
1,064,925,092.78 988,987,146.39
employees
Cash paid for taxes and
9,726,003,677.88 9,187,530,503.56
surcharges
Cash paid for other operating
2,311,325,660.82 2,418,799,479.85
activities
Subtotal of cash outflows from
16,474,168,419.71 19,306,845,613.57
operating activities
Net cash flows from operating
12,464,714,796.11 9,052,567,896.88
activities
2. Cash flows from investing
activities
Cash received from disposal of 2,090,367,314.89 1,502,335,883.94
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
investments
Cash received from returns on
42,401,007.15 16,890,941.28
investments
Net cash received from disposal of
fixed assets, intangible assets and 11,432,852.36 6,151,397.95
other long-term assets
Net cash received from disposal of
subsidiaries and other business units
Cash received from other investing
activities
Subtotal of cash inflows from
2,144,201,174.40 1,525,378,223.17
investing activities
Cash paid to acquire and construct
fixed assets, intangible assets and 611,683,806.45 879,418,321.30
other long-term assets
Cash paid for investments 2,471,700,000.00 1,100,000,000.00
Net increase in pledge loans
Net cash paid to acquire
subsidiaries and other business units
Cash paid for other investing
12,791.67
activities
Subtotal of cash outflows from
3,083,396,598.12 1,979,418,321.30
investing activities
Net cash flows from investing
-939,195,423.72 -454,040,098.13
activities
3. Cash flows from financing
activities
Cash received from investors 79,496.11 10,373,040.14
Including: cash received by
subsidiaries from investments by 79,496.11 2,082,314.40
minority shareholders
Cash received from borrowings 2,000,000,000.00 6,850,000,000.00
Cash received from other financing
activities
Subtotal of cash inflows from
2,000,079,496.11 6,860,373,040.14
financing activities
Cash paid for debt repayments 1,020,600,000.00 20,100,000.00
Cash paid for distribution of
dividends and profits or payment of 8,229,507,984.85 6,450,638,992.85
interest
Including: dividends and profits
paid to minority shareholders by 29,684,819.82
subsidiaries
Cash paid for other financing
16,062,790.16 1,137,908.64
activities
Subtotal of cash outflows from
9,266,170,775.01 6,471,876,901.49
financing activities
Net cash flows from financing
-7,266,091,278.90 388,496,138.65
activities
4. Effect of fluctuation in exchange
-4,009,184.32 6,241,015.17
rate on cash and cash equivalents
5. Net increase in cash and cash
4,255,418,909.17 8,993,264,952.57
equivalents
Plus: balance of cash and cash
equivalents at the beginning of the 25,893,029,277.86 17,729,006,591.87
period
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Q3 2024 Report of Luzhou Laojiao Co., Ltd.
6. Balance of cash and cash
equivalents at the end of the 30,148,448,187.03 26,722,271,544.44
period
4.2 Adjustments to financial statement items at the beginning of the year of the first
implementation 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.
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