ANHUI GUJING DISTILLERY COMPANY LIMITED
FIRST QUARTERLY REPORT 2024
April 2024
First Quarterly Report 2024
Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2024-006
ANHUI GUJING DISTILLERY COMPANY LIMITED
FIRST 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
Q1 2024 Q1 2023 YoY change (%)
Operating revenue (RMB) 8,286,316,919.20 6,584,074,879.74 25.85%
Net profit attributable to the listed company’s
2,065,836,404.82 1,569,704,169.52 31.61%
shareholders (RMB)
Net profit attributable to the listed company’s
shareholders before exceptional gains and 2,049,854,347.30 1,545,070,631.50 32.67%
losses (RMB)
Net cash generated from/used in operating
2,454,021,334.50 3,078,684,397.05 -20.29%
activities (RMB)
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First Quarterly Report 2024
Basic earnings per share (RMB/share) 3.91 2.97 31.65%
Diluted earnings per share (RMB/share) 3.91 2.97 31.65%
Weighted average return on equity (%) 9.16% 8.13% 1.03%
31 March 2024 31 December 2023 Change (%)
Total assets (RMB) 40,531,732,508.79 35,420,907,274.99 14.43%
Equity attributable to the listed company’s
23,574,412,631.98 21,525,309,609.44 9.52%
shareholders (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q1 2024 Note
Gain or loss on disposal of non-current
assets (inclusive of impairment -1,018,799.28
allowance write-offs)
Government grants recognised in profit
or loss (exclusive of those that are
closely related to the Company's normal
business operations and given in
12,945,714.45
accordance with defined criteria and in
compliance with government policies,
and have a continuing impact on the
Company's profit or loss)
Gain or loss on fair-value changes in
financial assets and liabilities held by a
non-financial enterprise, as well as on
disposal of financial assets and liabilities 1,602,268.14
(exclusive of the effective portion of
hedges that is related to the Company's
normal business operations)
Non-operating income and expense other
11,135,135.71
than the above
Less: Income tax effects 5,969,242.75
Non-controlling interests effects
2,713,018.75
(net of tax)
Total 15,982,057.52 --
Particulars about other gains and losses that meet the definition of exceptional gain/loss:
□ Applicable Not applicable
No such cases for the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable Not applicable
No such cases for the Reporting Period.
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First Quarterly Report 2024
(III) Changes in Key Financial Statement Line Items and Explanation of why
Applicable □ Not applicable
Balance sheet 31 March 2024 1 January 2024
Change (%) Explanation of why
item (RMB) (RMB)
The principal reason for the increase is the
Receivables
4,768,470,137.13 957,560,115.73 397.98% receipt of a higher number of bank
financing
acceptance bills.
The increase is primarily due to a rise in
Prepayments 139,662,891.96 91,607,342.18 52.46%
prepaid advertising expenses.
The main reason is an increase in
Other receivables 145,795,792.77 49,178,194.70 196.46% promotional and marketing expenses
incurred.
The increase was chiefly due to the
Notes payable 264,848,865.34 1,353,187,723.44 -80.43% redemption of issued bank acceptance bills
upon maturity.
Contract
4,616,921,217.53 1,401,122,249.53 229.52% A rise in sales orders is the principal cause.
liabilities
The main reasons are an increase in
Other current
2,048,296,927.93 1,132,018,451.10 80.94% unverified expenses and the
liabilities
reclassification of deferred output VAT.
Income statement
Q1 2024 (RMB) Q1 2023 (RMB) Change (%) Explanation of why
item
Taxes and The increase is primarily attributed to
1,246,223,257.99 952,521,731.05 30.83%
surcharges higher sales revenue.
The main reason for the rise is an increase
Other income 14,485,683.54 8,653,466.84 67.40%
in government grants received.
The increase is primarily attributed to
Profit before tax 2,826,551,082.62 2,133,535,668.57 32.48%
higher sales revenue.
Cash flow
Q1 2024 (RMB) Q1 2023 (RMB) Change (%) Explanation of why
statement item
Tax and levy The principal reason is an increase in VAT
22,193,752.40 933,556.77 2,277.33%
rebates refunds retained.
Cash generated
from other The increase is primarily due to the
1,373,953,950.34 273,469,260.39 402.42%
operating recovery of restricted funds upon maturity.
activities
Cash used in
The main reason is an increase in
other operating 1,203,774,281.53 794,061,341.05 51.60%
operating expenses related to costs.
activities
Borrowings 20,000,100.00 55,000,000.00 -63.64% The decrease in cash received from
4
First Quarterly Report 2024
received borrowing is the primary cause.
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 28,209 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Name of Nature of Shareholding Restricted shares Shares in pledge, marked or frozen
Total shares held
shareholder shareholder percentage held Status Shares
ANHUI GUJING
GROUP State-owned
51.34% 271,372,722 In pledge 30,000,000
COMPANY legal person
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES
Other 2.24% 11,815,922 N/A
BAIJIU INDEX
CLASSIFICATION
SECURITIES
INVESTMENT
FUND
INDUSTRIAL
AND
COMMERCIAL
BANK OF CHINA
LIMITED-
INVESCO GREAT
WALL Other 1.82% 9,621,200 N/A
EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
FUND
CHINA Foreign legal 1.61% 8,519,825 N/A
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First Quarterly Report 2024
INTERNATIONAL person
CAPITAL
CORPORATION
HONG KONG
SECURITIES LTD
AGRICULTURAL
BANK OF CHINA
－ E FUND
CONSUMPTION
Other 1.53% 8,093,408 N/A
SECTOR STOCK
SECURITIES
INVESTMENT
FUND
HONG KONG
SECURITIES Foreign legal
1.44% 7,634,135 N/A
CLEARING person
COMPANY LTD.
UBS (LUX)
EQUITY FUND -
Foreign legal
CHINA 1.30% 6,896,661 N/A
person
OPPORTUNITY
(USD)
GREENWOODS
Foreign legal
CHINA ALPHA 1.14% 6,049,760 N/A
person
MASTER FUND
BANK OF
CHINA-
INVESCO GREAT
WALL DINGYI
Other 0.88% 4,650,000 N/A
HYBRID
SECURITIES
INVESTMENT
FUND (LOF)
3W GLOBAL Foreign legal
0.77% 4,051,528 N/A
FUND person
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted ordinary shares held
Class Shares
ANHUI GUJING GROUP RMB-denominated
271,372,722 271,372,722
COMPANY LIMITED ordinary share
BANK OF CHINA-CHINA RMB-denominated
11,815,922 11,815,922
MERCHANTS CHINA ordinary share
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First Quarterly Report 2024
SECURITIES BAIJIU INDEX
CLASSIFICATION
SECURITIES INVESTMENT
FUND
INDUSTRIAL AND
COMMERCIAL BANK OF
CHINA LIMITED- INVESCO
RMB-denominated
GREAT WALL EMERGING 9,621,200 9,621,200
ordinary share
GROWTH HYBRID
SECURITIES INVESTMENT
FUND
CHINA INTERNATIONAL
CAPITAL CORPORATION Domestically
HONG KONG 8,519,825 8,519,825
listed foreign share
SECURITIES LTD
AGRICULTURAL BANK OF
CHINA － E FUND
RMB-denominated
CONSUMPTION SECTOR 8,093,408 8,093,408
ordinary share
STOCK SECURITIES
INVESTMENT FUND
HONG KONG SECURITIES RMB-denominated
7,634,135 7,634,135
CLEARING COMPANY LTD. ordinary share
UBS (LUX) EQUITY FUND - Domestically
6,896,661 6,896,661
CHINA OPPORTUNITY (USD) listed foreign share
GREENWOODS CHINA ALPHA Domestically
6,049,760 6,049,760
MASTER FUND listed foreign share
BANK OF CHINA- INVESCO
GREAT WALL DINGYI RMB-denominated
4,650,000 4,650,000
HYBRID SECURITIES ordinary share
INVESTMENT FUND (LOF)
Domestically
3W GLOBAL FUND 4,051,528 4,051,528
listed foreign share
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
Related or acting-in-concert concert as defined in the Administrative Measures on Information Disclosure of Changes in
parties among the shareholders Shareholding of Listed Companies. As for the other shareholders, the Company does not know
above 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.
Since October 2021, the Company's controlling shareholder Gujing Group has conducted the
Top 10 shareholders engaged in
business of "Refinancing by Lending Securities", and as of 31 March 2024, 31,300 lent shares
securities margin trading (if any)
were outstanding with no transfer of the ownership of these shares.
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First Quarterly Report 2024
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Applicable □ Not applicable
Unit: share
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Shares in the common Shares lent in Shares lent in
Shares in the common
account and credit refinancing and not yet refinancing and not yet
account and credit
account at the returned at the returned at the
Full name of account at the period-end
period-begin period-begin period-end
shareholder
As % of As % of As % of As % of
Total Total
Total shares total share total share Total shares total share total share
shares shares
capital capital capital capital
ANHUI GUJING
GROUP
271,362,722 51.34% 41,300 0.0078% 271,372,722 51.34% 31,300 0.0059%
COMPANY
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES
12,814,455 2.42% 43,000 0.0081% 11,815,922 2.24% 1,000 0.0002%
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
Unit: share
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the end
of the prior period
Shares in the common account and credit
Newly added to or Shares lent in refinancing and not yet
account plus shares lent in refinancing
Full name of exiting from top 10 returned at the period-end
and not yet returned at the period-end
shareholder shareholders in the
Reporting Period As % of total share As % of total share
Total shares Total shares
capital capital
ANHUI GUJING
GROUP
Exiting 31,300 0.0059% 271,404,022 51.34%
COMPANY
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES
Exiting 1,000 0.0002% 11,816,922 2.24%
BAIJIU INDEX
CLASSIFICATION
SECURITIES
INVESTMENT
FUND
8
First Quarterly Report 2024
(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
31 March 2024
Unit: RMB
Item 31 March 2024 1 January 2024
Current assets:
Monetary assets 17,316,097,008.78 15,966,371,744.19
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 0.00 719,987,547.42
Derivative financial assets
Notes receivable
Accounts receivable 68,612,715.84 68,607,919.27
Receivables financing 4,768,470,137.13 957,560,115.73
Prepayments 139,662,891.96 91,607,342.18
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 145,795,792.77 49,178,194.70
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 7,573,447,339.64 7,519,682,536.51
Including: Data resource
Contract assets 836,499.88 0.00
Assets held for sale
Current portion of non-current assets
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First Quarterly Report 2024
Other current assets 98,433,971.03 135,071,255.36
Total current assets 30,111,356,357.03 25,508,066,655.36
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 10,053,918.85 10,367,078.26
Investments in other equity
67,661,019.78 63,105,658.07
instruments
Other non-current financial assets
Investment property 45,627,098.76 46,622,910.19
Fixed assets 4,596,251,164.14 4,596,044,056.92
Construction in progress 3,157,505,998.29 2,910,735,155.39
Productive living assets
Oil and gas assets
Right-of-use assets 77,153,555.01 81,038,100.24
Intangible assets 1,112,921,597.94 1,123,186,836.65
Including: Data resource
Development costs
Including: Data resource
Goodwill 561,364,385.01 561,364,385.01
Long-term prepaid expense 74,533,945.09 59,102,583.98
Deferred income tax assets 712,849,982.89 455,588,567.46
Other non-current assets 4,453,486.00 5,685,287.46
Total non-current assets 10,420,376,151.76 9,912,840,619.63
Total assets 40,531,732,508.79 35,420,907,274.99
Current liabilities:
Short-term borrowings 20,004,433.36 0.00
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 264,848,865.34 1,353,187,723.44
Accounts payable 2,302,813,273.80 2,814,192,071.24
Advances from customers
Contract liabilities 4,616,921,217.53 1,401,122,249.53
Financial assets sold under repurchase
agreements
Customer deposits and deposits from
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First Quarterly Report 2024
other banks and financial institutions
Payables for acting trading of
securities
Payables for underwriting of securities
Employee benefits payable 1,283,342,023.30 1,180,605,773.29
Taxes and levies payable 1,388,625,062.11 1,179,368,855.69
Other payables 3,380,502,679.44 3,267,292,222.01
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
79,844,523.15 80,825,022.51
liabilities
Other current liabilities 2,048,296,927.93 1,132,018,451.10
Total current liabilities 15,385,199,005.96 12,408,612,368.81
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 107,106,256.94 107,106,256.94
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 67,685,550.71 68,380,767.78
Long-term payables
Long-term employee benefits payable
Provisions
Deferred income 102,271,805.34 100,811,404.82
Deferred income tax liabilities 330,812,980.88 321,723,514.56
Other non-current liabilities
Total non-current liabilities 607,876,593.87 598,021,944.10
Total liabilities 15,993,075,599.83 13,006,634,312.91
Owners’ equity:
Share capital 528,600,000.00 528,600,000.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 6,224,747,667.10 6,224,747,667.10
Less: Treasury stock
Other comprehensive income -15,137,059.55 1,596,322.73
Specific reserve
Surplus reserves 269,402,260.27 269,402,260.27
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First Quarterly Report 2024
General reserve
Retained earnings 16,566,799,764.16 14,500,963,359.34
Total equity attributable to owners of the
23,574,412,631.98 21,525,309,609.44
Company as the parent
Non-controlling interests 964,244,276.98 888,963,352.64
Total owners’ equity 24,538,656,908.96 22,414,272,962.08
Total liabilities and owners’ equity 40,531,732,508.79 35,420,907,274.99
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
2. Consolidated Income Statement
Unit: RMB
Item Q1 2024 Q1 2023
1. Revenues 8,286,316,919.20 6,584,074,879.74
Including: Operating revenue 8,286,316,919.20 6,584,074,879.74
Interest revenue
Insurance premium income
Fee and commission
income
2. Costs and expenses 5,469,876,590.82 4,474,673,766.49
Including: Cost of sales 1,628,295,369.21 1,338,363,595.05
Interest costs
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 1,246,223,257.99 952,521,731.05
Selling expense 2,251,920,621.09 1,898,400,734.49
Administrative expense 397,080,659.96 360,366,324.25
Development costs 14,780,353.19 12,603,427.17
Finance costs -68,423,670.62 -87,582,045.52
Including: Interest costs 1,334,400.38 452,129.32
Interest
70,495,659.21 87,672,195.65
revenue
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First Quarterly Report 2024
Add: Other income 14,485,683.54 8,653,466.84
Return on investment (“-” for loss) -14,845,727.68 -12,896,951.32
Including: Share of profit or loss
-313,159.41 -281,051.86
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 (“-”
0.00 11,694,470.28
for loss)
Credit impairment loss (“-” for
61,788.35 1,050.00
loss)
Asset impairment loss (“-” for
294,426.54 0.00
loss)
Asset disposal income (“-” for
0.00 133,056.61
loss)
3. Operating profit (“-” for loss) 2,816,436,499.13 2,116,986,205.66
Add: Non-operating income 11,502,875.81 17,987,189.96
Less: Non-operating expense 1,388,292.32 1,437,727.05
4. Gross profit (“-” for loss) 2,826,551,082.62 2,133,535,668.57
Less: Income tax expense 700,879,033.10 536,509,124.01
5. Net profit (“-” for net loss) 2,125,672,049.52 1,597,026,544.56
5.1 By operating continuity
5.1.1 Net profit from continuing
2,125,672,049.52 1,597,026,544.56
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
2,065,836,404.82 1,569,704,169.52
owners of the Company as the parent
5.2.2 Net profit attributable to
59,835,644.70 27,322,375.04
non-controlling interests
6. Other comprehensive income, net of
-15,288,102.64 -18,222,555.18
tax
Attributable to owners of the
-16,733,382.28 -18,870,788.31
Company as the parent
6.1 Items that will not be
2,049,912.77 1,227,528.56
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
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First Quarterly Report 2024
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
2,049,912.77 1,227,528.56
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
-18,783,295.05 -20,098,316.87
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 -18,783,295.05 -20,098,316.87
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.7 Other
Attributable to non-controlling
1,445,279.64 648,233.13
interests
7. Total comprehensive income 2,110,383,946.88 1,578,803,989.38
Attributable to owners of the
2,049,103,022.54 1,550,833,381.21
Company as the parent
Attributable to non-controlling
61,280,924.34 27,970,608.17
interests
8. Earnings per share
8.1 Basic earnings per share 3.91 2.97
8.2 Diluted earnings per share 3.91 2.97
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
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First Quarterly Report 2024
3. Consolidated Cash Flow Statement
Unit: RMB
Item Q1 2024 Q1 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities
8,366,740,970.60 7,755,489,862.22
and rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, fees and commissions
received
Net increase in loans from other banks
and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 22,193,752.40 933,556.77
Cash generated from other operating
1,373,953,950.34 273,469,260.39
activities
Subtotal of cash generated from
9,762,888,673.34 8,029,892,679.38
operating activities
Payments for commodities and
2,215,657,890.16 831,712,774.81
services
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
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First Quarterly Report 2024
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 1,021,415,355.52 935,700,806.15
Taxes and levies paid 2,868,019,811.63 2,389,733,360.32
Cash used in other operating activities 1,203,774,281.53 794,061,341.05
Subtotal of cash used in operating
7,308,867,338.84 4,951,208,282.33
activities
Net cash generated from/used in
2,454,021,334.50 3,078,684,397.05
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment 725,199,000.00 560,000,000.00
Return on investment 1,544,670.78 80,952.06
Net proceeds from the disposal of
fixed assets, intangible assets and other 45,620.00 169,445.00
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
726,789,290.78 560,250,397.06
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other 718,140,004.77 539,157,118.68
long-lived assets
Payments for investments 0.00 700,000,000.00
Net increase in pledged loans granted
Net payments for the acquisition of
13,439,262.05
subsidiaries and other business units
Cash used in other investing activities
Subtotal of cash used in investing
718,140,004.77 1,252,596,380.73
activities
Net cash generated from/used in
8,649,286.01 -692,345,983.67
investing activities
3. Cash flows from financing activities:
Capital contributions received 14,000,000.00 0.00
Including: Capital contributions by
14,000,000.00 0.00
non-controlling interests to subsidiaries
Borrowings received 20,000,100.00 55,000,000.00
Cash generated from other financing
activities
Subtotal of cash generated from
34,000,100.00 55,000,000.00
financing activities
Repayment of borrowings 0.00 84,000,000.00
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First Quarterly Report 2024
Interest and dividends paid 1,400,946.27 1,152,138.17
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing activities 2,595,465.54 3,162,158.66
Subtotal of cash used in financing
3,996,411.81 88,314,296.83
activities
Net cash generated from/used in
30,003,688.19 -33,314,296.83
financing activities
4. Effect of foreign exchange rates
changes on cash and cash equivalents
5. Net increase in cash and cash
2,492,674,308.70 2,353,024,116.55
equivalents
Add: Cash and cash equivalents,
14,725,079,953.51 13,105,373,435.22
beginning of the period
6. Cash and cash equivalents, end of the
17,217,754,262.21 15,458,397,551.77
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.
The Board of Directors
Anhui Gujing Distillery Company Limited
27 April 2024
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