Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
ANHUI GUJING DISTILLERY COMPANY LIMITED
Report for the Third Quarter of 2014
October 2014
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Anhui Gujing Distillery Company Limited (hereinafter referred to as “the Company”) warrant that this
report is factual, accurate and complete without any false record, misleading statement or material omission. And
they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Liang Jinhui, company principal, Ye Changqing, chief of the accounting work, and Zhu Jiafeng, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual,
accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
30 Sept. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 6,202,917,271.60 5,816,934,562.27 6.64%
Net assets attributable to
shareholders of the Company 4,027,047,309.00 3,742,756,257.05 7.60%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2014 Jan.-Sept. 2014
(%) (%)
Operating revenues (RMB Yuan) 1,138,494,721.85 8.83% 3,528,653,671.61 5.24%
Net profit attributable to
shareholders of the Company 102,551,395.80 -0.54% 460,357,593.38 -3.86%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
100,133,260.84 0.13% 449,461,430.33 -3.71%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 249,629,976.75 -54.23%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.20 0.00% 0.91 -4.21%
Diluted EPS (RMB Yuan/share) 0.20 0.00% 0.91 -4.21%
Weighted average ROE (%) 2.58% -0.33% 11.85% -1.88%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2014 Note
Gains/losses on the disposal of non-current assets (including the
-1,546,268.35
offset part of asset impairment provisions)
Non-operating incomes and expenses other than the above 16,074,485.75
Less: Income tax effects 3,632,054.35
Total 10,896,163.05 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
30,121
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
ANHUI GUJING
GROUP State-owned
53.89% 271,404,022 Pledged 114,000,000
COMPANY corporation
LIMITED
SPECIAL
ACCOUNT,
Domestic
AGREED TO
non-state-owned 2.98% 15,000,000
BUY BACK OF
corporation
GF SECURITIES
CO., LTD
UBS
Foreign
(LUXEMBOURG) 1.89% 9,498,809
corporation
S.A.
GREENWOODS
Foreign
CHINA ALPHA 1.84% 9,285,973
corporation
MASTER FUND
KGI ASIA Foreign
1.62% 8,159,684
LIMITED corporation
Foreign
NORGES BANK 1.12% 5,654,050
corporation
CMS (HK) Co., State-owned
0.78% 3,922,481
Ltd. corporation
ICBC－Zhonghai State-owned
0.74% 3,738,511
Energy Strategy corporation
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Hybrid Securities
Investment Fund
GOLDEN CHINA Foreign
0.73% 3,678,234
MASTER FUND corporation
GUOTAI JUNAN
SECURITIES(HO Foreign
0.72% 3,633,555
NGKONG) corporation
LIMITED
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held at the Type of shares
Name of shareholder
period-end Type Number
ANHUI GUJING GROUP RMB ordinary
271,404,022 271,404,022
COMPANY LIMITED share
SPECIAL ACCOUNT, AGREED TO
RMB ordinary
BUY BACK OF GF SECURITIES 15,000,000 15,000,000
share
CO., LTD
Domestically
UBS (LUXEMBOURG) S.A. 9,498,809 listed foreign 9,498,809
share
Domestically
GREENWOODS CHINA ALPHA
9,285,973 listed foreign 9,285,973
MASTER FUND
share
Domestically
KGI ASIA LIMITED 8,159,684 listed foreign 8,159,684
share
Domestically
NORGES BANK 5,654,050 listed foreign 5,654,050
share
Domestically
CMS (HK) Co., Ltd. 3,922,481 listed foreign 3,922,481
share
ICBC－Zhonghai Energy Strategy RMB ordinary
3,738,511 3,738,511
Hybrid Securities Investment Fund share
Domestically
GOLDEN CHINA MASTER FUND 3,678,234 listed foreign 3,678,234
share
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 3,633,555 listed foreign 3,633,555
LIMITED share
Explanation on associated Among the shareholders above, no affiliated relationship exists between the Company’s
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
relationship or persons acting in controlling shareholder—Anhui Gujing Group Company Limited—and other shareholders,
concert among the above-mentioned nor they are parties acting in concert as defined in the Administrative Measures on
shareholders: Information Disclosure of Changes in Shareholding of Listed Companies. As for 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 ten non-restricted common
shareholders taking part in margin
Inapplicable
financing and securities lending (if
any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
√ Yes □ No
The shareholder of the agreed buyback special account of GF Securities Co., Ltd. was Puning Xinhong Industrial Investment Co., Ltd.
The number of shares and the proportion involved in the agreed buy-tack at the beginning of the reporting period were the same with
those at the end of the reporting period, i.e. 15,000,000 shares, a stake of 2.98%.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
1. Notes receivable as at 30 Sept. 2014 stood at RMB 487,514,799.69, up 215.73% from the year-beginning amount, mainly because
customers used banker’s acceptance bills more often in payment.
2. Other receivables as at 30 Sept. 2014 stood at RMB 10,959,463.45, up 74.06% from the year-beginning amount, mainly because
security deposits in relation to advertising fees were paid.
3. Accounts received in advance as at 30 Sept. 2014 stood at RMB 309,044,496.73, up 109.87% from the year-beginning amount,
mainly because the sales orders increased during the Mid-autumn Festival.
4. Other payables as at 30 Sept. 2014 stood at RMB 635,199,178.12, up 69.88% from the year-beginning amount, mainly because the
security deposits received increased.
5. Other current liabilities as at 30 Sept. 2014 stood at RMB 812,523.79, down 73.90% from the year-beginning amount, mainly
because of the amortization of the asset-related government subsidy in the current period.
6. Administrative expenses for Jan.-Sept. 2014 stood at RMB 391,158,182.37, up 33.41% from the same period of last year, mainly
because the office, repair, sewage, material wastage, business travel and scientific research expense and the like increased.
7. Investment gains for Jan.-Sept. 2014 stood at RMB 80,655,048.58, up by 137.69 times from the same period of last year, mainly
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
because we received the interest on our mature bank wealth management products (principal-guaranteed with floating earnings) and
disposed our shareholdings in Shanghai Lipeng.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
The investment project of the raised funds of the Company had basically completed and in order to improve the service efficiency of
the raised funds and decrease the financial costs, the Company permanent supplemented the circulating funds with surplus raised
funds and interest of RMB 145,806,600 and kept the accrued contract accounts and the quality retention money which added up to
RMB 172,043,000 in the raised funds account and paid according to the contract. See details to the Announcement on Permanent
Supplementing the Circulating Funds with Surplus Raised Funds (No. 2014-005) disclosed on http://www.cninfo.com.cn on 28 Jan.
2014.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Announcement on Permanent
Supplementing the Circulating Funds with 28 Jan. 2014 http://www.cninfo.com.cn
Surplus Raised Funds
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□ Applicable √ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2014 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
√ Applicable □ Inapplicable
Sharehold Sharehold Gain/loss
Initial Number Number Closing
ing ing in
investmen of shares of shares book
Variety of Code of Name of percentag percentag reporting Accounti Source of
t cost held at held at value
securities securities securities e at e at period ng title stock
(RMB period-be period-en (RMB
period-be period-en (RMB
Yuan) ginning d Yuan)
ginning d Yuan)
Stock 000001 Ping An 17,080,74 0 0.00% 1,602,800 0.14% 16,252,39 Available
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Bank 0.10 2.00 -for-sale
financial
assets
Available
Bank of 26,026,05 25,988,04 -for-sale
Stock 601988 0 0.00% 9,625,200 0.03%
China 3.14 0.00 financial
assets
Diangua Trading
Stock 002730 ng Techn 4,035.00 0 0.00% 500 0.00% 4,035.00 financial
ology assets
Trading
Oriental
Stock 603606 20,926.40 0 0.00% 2,552 0.00% 20,926.40 financial
Cable
assets
Trading
Stock 300398 Phichem 9,075.00 0 0.00% 500 0.00% 9,075.00 financial
assets
CECEP Trading
Stock 601016 Wind-pow 4,340.00 0 0.00% 2,000 0.00% 6,860.00 2,520.00 financial
er assets
Jiuzhou Trading
Stock 603456 Pharmace 30,860.00 0 0.00% 2,000 0.00% 30,860.00 financial
utical Co. assets
LS Heavy Trading
Stock 603169 Equipmen 3,360.00 0 0.00% 2,000 0.00% 3,360.00 financial
t assets
Trading
Wansheng
Stock 603010 11,700.00 0 0.00% 1,000 0.00% 11,700.00 financial
Co.
assets
Trading
Chongqin
Stock 600917 3,250.00 0 0.00% 1,000 0.00% 4,680.00 1,430.00 financial
g Gas
assets
43,194,33 11,239,55 42,331,92
Total 0 -- -- 3,950.00 -- --
9.64 2 8.40
Shareholdings in other listed companies
□Applicable √Inapplicable
The Company did not have any shareholding in any other listed company in the reporting period.
VI. Investments in derivatives
√ Applicable □ Inapplicable
Unit: RMB Ten Thousand Yuan
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Proportio
n of the
closing Actual
Related-p Type of Impairme
Initial Opening Closing investmen gain/loss
arty derivative Beginnin Ending nt
Operator Relation investmen investmen investmen t amount in
transactio investmen g date date provision
t amount t amount t amount in the reporting
n or not t (if any)
Company period
’s closing
net assets
Reverse
repurchas
No e of 0 8,000 350 0.00% 458.84
national
debt
Total 0 -- -- 8,000 350 0.00% 458.84
Source of the entrusted funds Self-owned funds of the Company
Cases involving lawsuit (if applicable) Naught
Disclosure date of the board announcement
approving the wealth management 30 Aug. 2013
entrustment (if any)
Disclosure date of the board of
shareholders announcement approving the
wealth management entrustment (if any)
Analysis on risks and control measures of
derivative products held in the reporting
The Company had controlled the relevant risks strictly according to the Derivatives
period (including but not limited to market
Investment Management System.
risk, liquidity risk, credit risk, operation
risk, law risk, etc.)
Changes of market prices or fair values in
the reporting period of the invested
derivatives. And the analysis on the fair
Naught
value of the derivatives should include the
specific use methods and the relevant
assumptions and parameters.
Whether significant changes occurred to
the Company’s accounting policy and
specific accounting principles of Naught
derivatives in the reporting period
compared to the previous reporting period
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
The sustainable development of the main business and the sufficient free idle money,
the Company increased the profits through investing in the reasonable financial
derivative instruments, which was in favor of improving the service efficiency of the
idle funds; in order to reduce the investment risks of the financial derivative
Specific opinion from independent
instruments, the Company had set up corresponding supervision mechanism for the
directors on the Company’s derivatives
financial derivative instrument business and formulated reasonable accounting policy
investment and risk control
as well as specific principles of financial accounting; the derivative Investment
business developed separately took national debts as mortgage object, which was met
with the cautious and steady risks management principle and the interest of the
Company and shareholders.
VII. Researches, visits and interviews received in the reporting period
□Applicable √Inapplicable
The Company did not receive research, visit and interview in the reporting period.
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,163,007,132.75 1,381,930,710.96
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value and of which changes are
recorded into current gains and losses
Tradable financial assets 91,496.40
Notes receivable 487,514,799.69 154,408,425.31
Accounts receivable 6,549,434.71 6,374,469.99
Accounts paid in advance 66,759,952.93 90,217,698.50
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 14,430,018.79
Dividend receivable
Other accounts receivable 10,959,463.45 6,296,326.20
Financial assets purchased under
3,508,258.06 80,093,922.21
agreements to resell
Inventories 1,147,711,968.58 1,075,033,137.30
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,000,000,000.00 900,000,000.00
Total current assets 3,900,532,525.36 3,694,354,690.47
Non-current assets:
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Loans by mandate and advances
granted
Available-for-sale financial assets 42,240,432.00 24,075,687.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment
Investing property 32,946,798.75 35,188,079.66
Fixed assets 1,687,564,318.22 1,266,481,752.59
Construction in progress 96,656,102.89 377,338,939.54
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 308,691,731.98 315,224,921.54
R&D expense
Goodwill
Long-term deferred expenses 92,059,382.97 60,898,594.60
Deferred income tax assets 42,225,979.43 43,371,896.87
Other non-current assets
Total of non-current assets 2,302,384,746.24 2,122,579,871.80
Total assets 6,202,917,271.60 5,816,934,562.27
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable 228,132,376.05 235,770,000.00
Accounts payable 399,039,593.99 442,935,399.44
Accounts received in advance 309,044,496.73 147,257,393.88
Financial assets sold for repurchase
Handling charges and commissions
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
payable
Employee’s compensation payable 126,942,443.84 231,343,202.17
Tax payable 435,394,036.09 599,513,448.19
Interest payable
Dividend payable
Other accounts payable 635,199,178.12 373,903,452.51
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities 812,523.79 3,112,595.04
Total current liabilities 2,134,564,648.61 2,033,835,491.23
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 41,305,313.99 40,342,813.99
Total non-current liabilities 41,305,313.99 40,342,813.99
Total liabilities 2,175,869,962.60 2,074,178,305.22
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,294,938,493.19 1,294,095,263.69
Less: Treasury stock
Specific reserves
Other comprehensive income -649,770.93 -843,229.50
Surplus reserves 256,902,260.27 256,902,260.27
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Provisions for general risks
Retained profits 1,972,256,326.47 1,688,158,733.09
Total equity attributable to owners of
4,027,047,309.00 3,742,756,257.05
the Company
Minority interests
Total owners’ (or shareholders’) equity 4,027,047,309.00 3,742,756,257.05
Total liabilities and owners’ (or
6,202,917,271.60 5,816,934,562.27
shareholders’) equity
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
2. Balance sheet of the Company
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 950,567,075.71 1,040,360,357.51
Financial assets measured at fair
value and of which changes are
recorded into current gains and losses
Transactional financial assets 80,251.40
Notes receivable 171,972,303.72 81,472,414.44
Accounts receivable 1,076,679.41 1,297,542.13
Accounts paid in advance 27,423,793.08 1,288,277.31
Interest receivable 14,099,667.86
Dividend receivable
Other accounts receivable 126,141,924.29 139,654,563.53
Financial assets purchased under
3,508,258.06 80,093,922.21
agreements to resell
Inventories 1,122,611,282.43 1,036,496,459.02
Non-current assets due within 1
year
Other current assets
Total current assets 1,000,000,000.00 900,000,000.00
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Non-current assets: 3,417,481,235.96 3,280,663,536.15
Available-for-sale financial assets
Held-to-maturity investments 42,240,432.00 24,075,687.00
Long-term accounts receivable
Long-term equity investment 4,719,791.61 4,494,950.37
Investing property 308,089,408.32 308,089,408.32
Fixed assets 30,883,436.91 33,124,717.82
Inventories 1,484,576,287.40 1,057,111,133.85
Construction in progress 96,555,402.33 377,239,903.56
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 193,036,967.47 197,787,553.94
R&D expense
Goodwill
Long-term deferred expenses 91,917,350.97 59,482,540.30
Deferred income tax assets 33,259,442.49 34,095,084.20
Other non-current assets
Total of non-current assets 2,285,278,519.50 2,095,500,979.36
Total assets 5,702,759,755.46 5,376,164,515.51
Current liabilities:
Short-term borrowings
Financial liabilities measured at
fair value and of which changes are
recorded into current gains and losses
Notes payable 49,282,376.05 26,150,000.00
Accounts payable 389,363,414.32 437,297,694.54
Accounts received in advance 1,242,003,890.20 830,722,853.80
Employee’s compensation payable 49,546,859.72 87,936,100.97
Tax payable 179,447,695.03 205,717,464.45
Interest payable
Dividend payable
Other accounts payable 218,726,477.03 153,888,199.87
Liabilities held for sale
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Non-current liabilities due within 1
year
Other current liabilities 812,523.79 3,112,595.04
Total current liabilities 2,129,183,236.14 1,744,824,908.67
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 41,305,313.99 40,342,813.99
Total non-current liabilities 41,305,313.99 40,342,813.99
Total liabilities 2,170,488,550.13 1,785,167,722.66
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,247,162,107.35 1,247,162,107.35
Less: Treasury stock
Specific reserves
Other comprehensive income -649,770.93 -843,229.50
Surplus reserves 251,800,000.00 251,800,000.00
Provisions for general risks
Retained profits 1,530,358,868.91 1,589,277,915.00
Foreign exchange difference
Total owners’ (or shareholders’)
3,532,271,205.33 3,590,996,792.85
equity
Total liabilities and owners’ (or
5,702,759,755.46 5,376,164,515.51
shareholders’) equity
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
3. Consolidated income statement for the reporting period
Prepared by Anhui Gujing Distillery Company Limited.
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total operating revenues 1,138,494,721.85 1,046,157,135.98
Including: Sales income 1,138,494,721.85 1,046,157,135.98
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 1,027,304,435.29 909,250,101.29
Including: Cost of sales 346,174,090.47 324,553,534.61
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 167,930,159.88 137,196,214.96
Selling and distribution expenses 367,658,442.71 342,312,547.08
Administrative expenses 152,032,400.46 114,680,378.98
Financial expenses -6,599,745.58 -9,210,551.04
Asset impairment loss 109,087.75 -282,023.30
Add: Gain/(loss) from change in fair
-3,320.00
value (“-” means loss)
Gain/(loss) from investment (“-”
26,002,935.78
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-” means loss) 137,189,902.34 136,907,034.69
Add: non-operating income 5,296,740.04 6,502,068.46
Less: non-operating expense 2,072,560.09 2,361,666.25
Including: loss from non-current 156,311.26 151,308.93
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
asset disposal
IV. Total profit (“-” means loss) 140,414,082.29 141,047,436.90
Less: Income tax expense 37,862,686.49 37,940,651.20
V. Net profit (“-” means loss) 102,551,395.80 103,106,785.70
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
102,551,395.80 103,106,785.70
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.20 0.20
(II) Diluted earnings per share 0.20 0.20
VII. Other comprehensive incomes -2,789,827.05 3,375,830.02
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting -2,789,827.05 3,375,830.02
periods as relevant requirements are
met
VIII. Total comprehensive incomes 99,761,568.75 106,482,615.72
Attributable to owners of the
99,761,568.75 106,482,615.72
Company
Attributable to minority shareholders
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
4. Income statement of the Company for the reporting period
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total sales 651,797,106.04 561,617,653.51
Less: cost of sales 350,886,288.06 321,970,928.82
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Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Business taxes and surcharges 158,989,831.14 128,182,457.70
Distribution expenses 55,807,169.21 13,646,642.80
Administrative expenses 99,106,683.61 65,225,180.40
Financial costs -5,979,643.36 -8,302,643.58
Impairment loss 40,637.26 -282,023.30
Add: gain/(loss) from change in fair
315.00
value (“-” means loss)
Gain/(loss) from investment (“-”
25,995,768.90
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 18,942,224.02 41,177,110.67
Add: non-business income 4,433,862.51 3,439,793.31
Less: non-business expense 1,622,327.71 1,859,005.50
Including: loss from non-current
156,148.52 1,786.53
asset disposal
III. Total profit (“-” means loss) 21,753,758.82 42,757,898.48
Less: income tax expense 6,182,126.63 13,671,145.28
IV. Net profit (“-” means loss) 15,571,632.19 29,086,753.20
V. Earnings per share -- --
(I) Basic earnings per share 0.03 0.060
(II) Diluted earnings per share 0.03 0.060
VI. Other comprehensive income -2,789,827.05 3,375,830.02
Including: Other comprehensive
incomes items that cannot be
-2,789,827.05 3,375,830.02
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
VII. Total comprehensive income 12,781,805.14 32,462,583.22
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
19
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total operating revenues 3,528,653,671.61 3,353,111,813.37
Including: Sales income 3,528,653,671.61 3,353,111,813.37
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 2,998,678,674.76 2,719,001,025.40
Including: Cost of sales 1,080,257,450.78 1,051,074,991.50
Interest expenses
Handling charge and commission
expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 492,792,184.96 457,583,278.05
Selling and distribution expenses 1,073,818,009.62 960,062,290.93
Administrative expenses 391,158,182.37 293,209,821.60
Financial expenses -38,964,637.71 -43,410,846.83
Asset impairment loss -382,515.26 481,490.15
Add: Gain/(loss) from change in fair
3,950.00
value (“-” means loss)
Gain/(loss) from investment (“-”
80,655,048.58 581,538.48
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 610,633,995.83 634,692,326.45
20
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Add: non-operating income 18,154,863.10 19,835,951.15
Less: non-operating expense 3,626,645.70 3,751,138.66
Including: loss from non-current
1,546,268.35 1,420,152.64
asset disposal
IV. Total profit (“-“ means loss) 625,162,213.23 650,777,138.94
Less: Income tax expense 164,804,619.85 171,917,520.13
V. Net profit (“-“ means loss) 460,357,593.38 478,859,618.81
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
460,357,593.38 478,859,618.81
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.91 0.95
(II) Diluted earnings per share 0.91 0.95
VII. Other comprehensive incomes 193,458.57 -1,523,629.23
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting 193,458.57 -1,523,629.23
periods as relevant requirements are
met
VIII. Total comprehensive incomes 460,551,051.95 477,335,989.58
Attributable to owners of the
460,551,051.95 477,335,989.58
Company
Attributable to minority shareholders
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
21
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total sales 1,972,179,157.96 1,827,801,245.85
Less: cost of sales 1,100,098,797.46 1,053,997,615.16
Business taxes and surcharges 466,276,585.76 423,942,619.07
Distribution expenses 106,322,409.58 74,447,600.24
Administrative expenses 258,661,779.62 200,223,165.42
Financial costs -33,093,790.30 -41,002,392.49
Impairment loss -382,500.00 54,340.16
Add: gain/(loss) from change in fair
3,950.00
value (“-” means loss)
Gain/(loss) from investment (“-”
80,201,980.00 581,538.48
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 154,501,805.84 116,719,836.77
Add: non-business income 11,534,269.97 8,758,895.17
Less: non-business expense 2,239,172.73 2,891,923.40
Including: loss from non-current
1,101,216.56 972,195.15
asset disposal
III. Total profit (“-” means loss) 163,796,903.08 122,586,808.54
Less: income tax expense 46,455,949.17 34,172,113.23
IV. Net profit (“-” means loss) 117,340,953.91 88,414,695.31
V. Earnings per share -- --
(I) Basic earnings per share 0.23 0.18
(II) Diluted earnings per share 0.23 0.18
VI. Other comprehensive income 193,458.57 -1,523,629.23
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting 193,458.57 -1,523,629.23
periods as relevant requirements are
met
VII. Total comprehensive income 117,534,412.48 86,891,066.08
22
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
3,534,279,763.49 3,526,645,311.34
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 590,000.00
Other cash received relating to
270,949,896.65 536,660,470.61
operating activities
Subtotal of cash inflows from operating
3,805,819,660.14 4,063,305,781.95
activities
Cash paid for goods and services 978,436,319.98 1,043,747,164.93
Net increase of customer lendings
23
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 711,424,764.20 603,025,286.73
Various taxes paid 1,318,333,281.40 1,219,760,028.61
Other cash payment relating to
547,995,317.81 651,341,242.18
operating activities
Subtotal of cash outflows from
3,556,189,683.39 3,517,873,722.45
operating activities
Net cash flows from operating activities 249,629,976.75 545,432,059.50
II. Cash flows from investing activities:
Cash received from withdrawal of
980,093,922.21
investments
Cash received from return on
80,655,048.58 581,538.48
investments
Net cash received from disposal of
fixed assets, intangible assets and other 343,557.47
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
1,100,000.00 473,919.44
investing activities
Subtotal of cash inflows from investing
1,062,192,528.26 1,055,457.92
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 303,089,329.16 318,594,881.39
assets
Cash paid for investment 1,003,596,754.06 1,410,405,982.79
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
24
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
investing activities
Subtotal of cash outflows from
1,306,686,083.22 1,729,000,864.18
investing activities
Net cash flows from investing activities -244,493,554.96 -1,727,945,406.26
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
176,260,000.00 251,800,000.00
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
176,260,000.00 251,800,000.00
financing activities
Net cash flows from financing activities -176,260,000.00 -251,800,000.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-171,123,578.21 -1,434,313,346.76
equivalents
Add: Opening balance of cash and
1,306,930,710.96 2,409,650,352.09
cash equivalents
VI. Closing balance of cash and cash
1,135,807,132.75 975,337,005.33
equivalents
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
25
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Chief of the accounting division: Zhu Jiafeng
8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
2,094,518,950.88 2,167,733,288.30
commodities and rendering of service
Tax refunds received
Other cash received relating to
154,832,664.81 294,421,878.53
operating activities
Subtotal of cash inflows from operating
2,249,351,615.69 2,462,155,166.83
activities
Cash paid for goods and services 724,897,475.46 772,694,578.12
Cash paid to and for employees 337,245,950.14 302,820,976.80
Various taxes paid 730,114,513.26 771,960,839.49
Other cash payment relating to
129,363,461.07 207,928,290.17
operating activities
Subtotal of cash outflows from
1,921,621,399.93 2,055,404,684.58
operating activities
Net cash flows from operating activities 327,730,215.76 406,750,482.25
II. Cash flows from investing activities:
Cash received from retraction of
980,093,922.21
investments
Cash received from return on
80,201,980.00 581,538.48
investments
Net cash received from disposal of
fixed assets, intangible assets and other 201,446.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
1,100,000.00 473,919.44
investing activities
Subtotal of cash inflows from investing
1,061,597,348.21 1,055,457.92
activities
Cash paid to acquire fixed assets, 299,275,336.71 309,810,777.15
26
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
intangible assets and other long-term
assets
Cash paid for investment 1,003,585,509.06 1,410,405,982.79
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
1,302,860,845.77 1,720,216,759.94
investing activities
Net cash flows from investing activities -241,263,497.56 -1,719,161,302.02
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
176,260,000.00 251,800,000.00
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
176,260,000.00 251,800,000.00
financing activities
Net cash flows from financing activities -176,260,000.00 -251,800,000.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-89,793,281.80 -1,564,210,819.77
equivalents
Add: Opening balance of cash and
1,040,360,357.51 2,290,346,607.43
cash equivalents
VI. Closing balance of cash and cash
950,567,075.71 726,135,787.66
equivalents
27
Report for the Third Quarter of 2014 of Anhui Gujing Distillery Company Limited
Legal representative: Liang Jinhui Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
28
