Anhui Gujing Distillery Company Limited
Report for the First Quarter of 2015
Apr. 2015
Report for the First Quarter of 2015 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 statements enclosed in this report are 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 First Quarter of 2015 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
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 1,667,266,446.81 1,487,912,219.94 12.05%
Net profit attributable to shareholders of
302,810,177.34 286,719,709.12 5.61%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 297,882,968.56 281,302,140.75 5.89%
losses (RMB Yuan)
Net cash flows from operating activities
308,110,106.39 86,065,295.17 258.00%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.600 0.570 5.26%
Diluted EPS (RMB Yuan/share) 0.600 0.570 5.26%
Weighted average ROE (%) 6.97% 7.38% -0.41%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 6,996,648,808.20 6,413,518,166.03 9.09%
Net assets attributable to shareholders of
4,508,537,068.53 4,181,050,977.96 7.83%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Gains or losses arising from changes in the fair values of financial
instruments held for trading (excl. effective hedging instruments
associated with the Company’s operating activities) or disposal of
30,745.00
financial instruments held for trading and available-for-sale finan
cial assets (excl. effective hedging instruments associated with the
Company’s operating activities)
Other non-operating income and expenses than the above 6,538,866.71
Less: Income tax effects 1,642,402.93
Total 4,927,208.78 --
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 First Quarter of 2015 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
No such cases in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
30,111
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage (%) held Status of shares Number of shares
held
ANHUI GUJING
GROUP State-owned
53.45% 269,174,022 Pledged 114,000,000
COMPANY corporation
LIMITED
Puning Xinhong
Domestic non
Industry
stated-owned 2.98% 15,000,000
Investment Co.,
corporation
Ltd.
GREENWOODS
Foreign
CHINA ALPHA 2.01% 10,118,498
corporation
MASTER FUND
UBS
Foreign
(LUXEMBOUR 1.94% 9,790,948
corporation
G) S.A.
KGI ASIA Foreign
1.56% 7,861,137
LIMITED corporation
Foreign
NORGES BANK 1.53% 7,720,270
corporation
GAOLING Foreign
0.90% 4,537,255
FUND,L.P. corporation
GOLDEN
Foreign
CHINA 0.75% 3,786,434
corporation
MASTER FUND
CHINA State-owned 0.75% 3,776,658
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
MERCHANTS corporation
SECURITIES
(HK) CO., LTD
3W GREATER
Foreign
CHINA FOCUS 0.70% 3,529,479
corporation
FUND
Shareholdings of top 10 non-restricted common shareholders
Variety of shares
Name of shareholder Number of non-restricted common shares held
Variety Number
ANHUI GUJING GROUP RMB ordinary
269,174,022 269,174,022
COMPANY LIMITED shares
Puning Xinhong Industry RMB ordinary
15,000,000 15,000,000
Investment Co., Ltd. shares
Domestically
GREENWOODS CHINA ALPHA
10,118,498 listed foreign 10,118,498
MASTER FUND
shares
Domestically
UBS (LUXEMBOURG) S.A. 9,790,948 listed foreign 9,790,948
shares
Domestically
KGI ASIA LIMITED 7,861,137 listed foreign 7,861,137
shares
Domestically
NORGES BANK 7,720,270 listed foreign 7,720,270
shares
Domestically
GAOLING FUND,L.P. 4,537,255 listed foreign 4,537,255
shares
Domestically
GOLDEN CHINA MASTER
3,786,434 listed foreign 3,786,434
FUND
shares
Domestically
CHINA MERCHANTS
3,776,658 listed foreign 3,776,658
SECURITIES (HK) CO., LTD
shares
Domestically
3W GREATER CHINA FOCUS
3,529,479 listed foreign 3,529,479
FUND
shares
Explanation on associated Among the shareholders above, no affiliated relationship exists between the Company’s
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
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
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 10 common shareholders taking
part in securities margin trading (if Inapplicable
any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any
promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
√ Applicable □ Inapplicable
1. Notes receivable stood at RMB 804,730,946.81 as at 31 Mar. 2015, up 59.07% from the opening amount, which was mainly
because transactions settled in note increased.
2. Accounts received in advance stood at RMB 597,240,098.62 as at 31 Mar. 2015, up 58.21% from the opening amount, which was
mainly because the orders increased during the selling season of the Spring Festival.
3. Deferred income tax liabilities stood at RMB 13,990,963.34 as at 31 Mar. 2015, up 150.43% from the opening amount, which was
mainly because of changes in the fair value of available-for-sale financial assets.
4. Other comprehensive incomes stood at RMB 41,345,517.30 as at 31 Mar. 2015, up 148.03% from the opening amount, which was
mainly because of changes in the fair value of available-for-sale financial assets.
5. Financial expenses stood at RMB -5,456,426.44 for the current period, up 71.27% year on year, which was mainly because wealth
management products became due and decreased in amount.
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the
next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
√ Applicable □ Inapplicable
Initial Number Sharehold Number Sharehold Closing Gain/loss
Variety of Code of Name of investme of shares ing of shares ing book for report Accounti Source of
securities securities securities nt cost held at percentag held at percentag value period ng title stock
(RMB period-be e at period-en e at (RMB (RMB
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Yuan) gin period-be d period-en Yuan) Yuan)
gin d
Financial
28,026,13 10,115,10 44,304,13 assets Self-owned
Stock 601988 BOC 9,625,200 0.003% 0.003%
8.48 0 8.00 available- funds
for-sale
Financial
19,080,55 27,508,95 assets Self-owned
Stock 000001 Ping An Bank 1,602,800 0.01% 1,746,600 0.01%
9.51 0.00 available- funds
for-sale
Financial
91,133,99 121,554,9 assets Self-owned
Stock 600373 Chinese Media 0 0.00% 6,445,120 0.47%
6.80 63.20 available- funds
for-sale
138,240,6 11,228,00 18,306,82 193,368,0
Total -- -- 0 -- --
94.79 0 0 51.20
Disclosure date of the board
announcement on securities
investment approval
Disclosure date of the general
meeting announcement on
securities investment approval
(if any)
VI. Shareholdings in other listed companies
□ Applicable √ Inapplicable
There was no such situation of the Company.
VII. Investments in derivatives
√ Applicable □ Inapplicable
Unit: RMB Ten Thousand Yuan
Proporti
on of
Actual
Openin Impair the
Related-p Type of Closing gain/lo
Initial g ment closing
arty derivative investm ss in
Operator Relation investme Start date Ending date investm provisio investm
transactio investmen ent reporti
nt amount ent n (if ent
n or not t amount ng
amount any) amount
period
in the
Compa
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
ny’s
closing
net
assets
Reverse
repurchas
18,071. 5,002.7
No e of 0 1 Jan. 2015 1.11% 214.32
22 9
national
debt
18,071. 5,002.7
Total 0 -- -- 1.11% 214.32
22 9
Capital source for derivative investment Self-owned idle funds.
Cases involving lawsuit (if applicable) Naught
Disclosure date of the board
announcement approving the wealth 30 Aug. 2013
management entrustment (if any)
Disclosure date of the general meeting
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
Based on the sustainable development of the main business and the sufficient free idle
money, the Company increased the profits through investing in the reasonable financial
Specific opinion from independent derivative instruments, which was in favor of improving the service efficiency of the
directors on the Company’s derivatives idle funds; in order to reduce the investment risks of the financial derivative
investment and risk control instruments, the Company had set up corresponding supervision mechanism for the
financial derivative instrument business and formulated reasonable accounting policy as
well as specific principles of financial accounting; the derivative Investment business
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
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. Therefore, agreed the Company to develop the derivative Investment
business of reverse repurchase of national debt not more than the limit of RMB 0.3
billion.
VIII. Researches, visits and interviews received in the reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Anhui Gujing Distillery Company Limited.
31 Mar. 2015
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 827,389,529.16 718,460,442.79
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded in 253,965.00 303,919.60
current profits and losses
Derivative financial assets
Notes receivable 804,730,946.81 505,893,430.66
Accounts receivable 5,121,999.26 4,337,953.26
Accounts paid in advance 42,271,359.31 35,711,617.98
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 1,896,263.22 4,274,666.66
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Dividend receivable
Other accounts receivable 12,997,322.19 7,967,903.24
Financial assets purchased under
agreements to resell
Inventories 1,244,350,420.08 1,227,182,774.09
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,550,027,916.67 1,501,552,476.11
Total current assets 4,489,039,721.70 4,005,685,184.39
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 216,368,051.20 88,332,932.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment
Investing real estate 31,301,502.24 32,074,356.24
Fixed assets 1,699,524,811.76 1,724,134,467.11
Construction in progress 70,435,972.38 61,637,510.96
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 304,199,443.56 306,488,782.60
R&D expense
Goodwill
Long-term deferred expenses 122,918,175.95 131,921,179.23
Deferred income tax assets 62,861,129.41 63,243,753.50
Other non-current assets
Total of non-current assets 2,507,609,086.50 2,407,832,981.64
Total assets 6,996,648,808.20 6,413,518,166.03
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Customer bank deposits and due to
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable 252,346,178.00 258,452,214.00
Accounts payable 281,591,508.89 404,634,196.58
Accounts received in advance 597,240,098.62 377,503,471.86
Financial assets sold for repurchase
Handling charges and commissions
payable
Payroll payable 181,569,693.57 220,198,521.28
Tax payable 513,541,301.29 468,679,523.63
Interest payable
Dividend payable
Other accounts payable 607,638,343.80 456,572,505.42
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
Total current liabilities 2,433,927,124.17 2,186,040,432.77
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Estimated liabilities
Deferred income 40,193,652.16 40,839,961.86
Deferred income tax liabilities 13,990,963.34 5,586,793.44
Other non-current liabilities
Total non-current liabilities 54,184,615.50 46,426,755.30
Total liabilities 2,488,111,739.67 2,232,467,188.07
Owners’ equity:
Share capital 503,600,000.00 503,600,000.00
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 1,294,938,493.19 1,294,938,493.19
Less: Treasury stock
Other comprehensive income 41,345,517.30 16,669,604.07
Specific reserves
Surplus reserves 256,902,260.27 256,902,260.27
Provisions for general risks
Retained profits 2,411,750,797.77 2,108,940,620.43
Total equity attributable to owners of
4,508,537,068.53 4,181,050,977.96
the Company
Minority interests
Total owners’ equity 4,508,537,068.53 4,181,050,977.96
Total liabilities and owners’ equity 6,996,648,808.20 6,413,518,166.03
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
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 762,710,100.98 593,001,536.78
Financial assets measured at fair
value of which changes are recorded in 253,965.00 278,509.60
current profits and losses
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Derivative financial assets
Notes receivable 419,417,261.44 286,449,264.42
Accounts receivable 1,116,984.71 1,608,829.64
Accounts paid in advance 5,767,573.05 5,506,676.65
Interest receivable 1,725,263.22 4,274,666.66
Dividend receivable
Other accounts receivable 126,121,038.70 124,826,309.55
Inventories 1,221,725,319.84 1,197,978,799.15
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,550,027,916.67 1,497,612,148.31
Total current assets 4,088,865,423.61 3,711,536,740.76
Non-current assets:
Available-for-sale financial assets 216,368,051.20 88,332,932.00
Held-to-maturity investments
Long-term accounts receivable 4,864,702.06 4,793,366.46
Long-term equity investment 338,089,408.32 338,089,408.32
Investing real estate 29,413,941.60 30,151,635.36
Fixed assets 1,506,586,180.59 1,525,364,298.59
Construction in progress 68,201,182.75 61,531,773.90
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 190,845,787.56 192,318,384.28
R&D expense
Goodwill
Long-term deferred expenses 122,918,175.95 131,864,366.43
Deferred income tax assets 35,322,336.06 35,421,614.18
Other non-current assets
Total of non-current assets 2,512,609,766.09 2,407,867,779.52
Total assets 6,601,475,189.70 6,119,404,520.28
Current liabilities:
Short-term borrowings
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable 92,246,178.00 93,602,214.00
Accounts payable 290,878,769.44 402,837,653.24
Accounts received in advance 1,482,729,131.30 1,064,055,921.66
Payroll payable 76,871,958.82 79,329,070.21
Tax payable 227,212,412.72 168,778,299.92
Interest payable
Dividend payable
Other accounts payable 263,638,681.64 255,065,310.80
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 2,433,577,131.92 2,063,668,469.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities
Deferred income 40,193,652.16 40,839,961.86
Deferred income tax liabilities 13,979,874.31 5,584,087.19
Other non-current liabilities
Total non-current liabilities 54,173,526.47 46,424,049.05
Total liabilities 2,487,750,658.39 2,110,092,518.88
Owners’ equity:
Share capital 503,600,000.00 503,600,000.00
Other equity instruments
Of which: preferred shares
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Perpetual bonds
Capital reserves 1,247,162,107.35 1,247,162,107.35
Less: Treasury stock
Other comprehensive income 41,345,517.30 16,669,604.07
Specific reserves
Surplus reserves 251,800,000.00 251,800,000.00
Retained profits 2,069,816,906.66 1,990,080,289.98
Total owners’ equity 4,113,724,531.31 4,009,312,001.40
Total liabilities and owners’ equity 6,601,475,189.70 6,119,404,520.28
3. Consolidated income statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total operating revenues 1,667,266,446.81 1,487,912,219.94
Including: Sales income 1,667,266,446.81 1,487,912,219.94
Interest income
Premium income
Handling charge and commission
income
II. Total operating costs 1,294,290,043.59 1,154,849,999.33
Including: Cost of sales 500,208,588.03 455,451,105.57
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 237,319,992.12 197,959,213.47
Selling and distribution expenses 430,235,500.14 404,375,207.36
Administrative expenses 131,982,389.74 116,440,197.22
Financial expenses -5,456,426.44 -18,993,224.29
Asset impairment loss -382,500.00
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Add: Gain/(loss) from change in fair
30,745.00
value (“-” means loss)
Gain/(loss) from investment (“-”
25,982,446.50 45,037,065.12
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 398,989,594.72 378,099,285.73
Add: non-operating income 6,578,322.18 7,265,292.98
Including: Gains on disposal of
non-current assets
Less: non-operating expense 39,455.47 41,868.49
Including: Losses on disposal of
non-current assets
IV. Total profit (“-” means loss) 405,528,461.43 385,322,710.22
Less: Income tax expense 102,718,284.09 98,603,001.10
V. Net profit (“-” means loss) 302,810,177.34 286,719,709.12
Net profit attributable to owners of
302,810,177.34 286,719,709.12
the Company
Minority shareholders’ income
VI. After-tax net amount of other
24,675,913.23 1,767,091.83
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to 24,675,913.23 1,767,091.83
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes
24,675,913.23 1,767,091.83
that will be reclassified into gains and
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale 24,675,913.23 1,767,091.83
financial assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes 327,486,090.57 288,486,800.95
Attributable to owners of the
327,486,090.57 288,486,800.95
Company
Attributable to minority
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.600 0.570
(II) Diluted earnings per share 0.600 0.570
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
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total sales 930,851,268.33 809,988,872.82
Less: cost of sales 514,560,468.30 450,556,867.79
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Business taxes and surcharges 223,815,357.25 187,738,998.40
Distribution expenses 28,126,319.35 24,329,048.78
Administrative expenses 91,911,978.85 81,246,671.59
Financial costs -5,128,218.55 -10,632,642.28
Impairment loss -382,500.00
Add: gain/(loss) from change in fair
30,745.00
value (“-” means loss)
Gain/(loss) from investment (“-”
25,862,610.30 44,574,060.41
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 103,458,718.43 121,706,488.95
Add: non-operating income 4,581,139.03 3,290,713.17
Including: Gains on disposal of
non-current assets
Less: non-operating expense 11,579.37 6,690.36
Including: Losses on disposal of
non-current assets
III. Total profit (“-” means loss) 108,028,278.09 124,990,511.76
Less: Income tax expense 28,291,661.41 31,577,024.94
IV. Net profit (“-” means loss) 79,736,616.68 93,413,486.82
V. After-tax net amount of other
24,675,913.23 1,767,091.83
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and 24,675,913.23 1,767,091.83
losses
1. Enjoyable shares in other
comprehensive incomes in investees
19
Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial 24,675,913.23 1,767,091.83
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes 104,412,529.91 95,180,578.65
VII. Earnings per share
(I) Basic earnings per share 0.160 0.190
(II) Diluted earnings per share 0.160 0.190
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating activities:
Cash received from sale of
1,593,219,474.88 1,541,321,836.38
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 financial
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
assets measured at fair value of which
changes are recorded into current gains
and losses
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
83,658,100.74 65,699,727.82
operating activities
Subtotal of cash inflows from operating
1,676,877,575.62 1,607,611,564.20
activities
Cash paid for goods and services 372,053,201.46 399,138,618.24
Net increase of customer lendings
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 301,577,229.10 248,978,562.82
Various taxes paid 524,671,820.51 640,552,635.30
Other cash payment relating to
170,465,218.16 232,876,452.67
operating activities
Subtotal of cash outflows from
1,368,767,469.23 1,521,546,269.03
operating activities
Net cash flows from operating
308,110,106.39 86,065,295.17
activities
II. Cash flows from investing activities:
Cash received from withdrawal of
1,236,571,351.15 1,040,093,922.21
investments
Cash received from return on
25,982,446.50 45,037,065.12
investments
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Net cash received from disposal of
fixed assets, intangible assets and other 98,400.00 172,005.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
500,000.00
investing activities
Subtotal of cash inflows from investing
1,263,152,197.65 1,085,302,992.33
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 69,102,293.26 150,144,857.17
assets
Cash paid for investment 1,380,530,924.41 1,006,991,981.35
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
1,449,633,217.67 1,157,136,838.52
investing activities
Net cash flows from investing activities -186,481,020.02 -71,833,846.19
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
distribution of dividends or profit
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Including: dividends or profit paid
by subsidiaries to minority
shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing
activities
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
121,629,086.37 14,231,448.98
equivalents
Add: Opening balance of cash and
682,360,442.79 1,306,930,710.96
cash equivalents
VI. Closing balance of cash and cash
803,989,529.16 1,321,162,159.94
equivalents
6. Cash flow statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating activities:
Cash received from sale of
1,074,814,014.00 812,540,040.86
commodities and rendering of service
Tax refunds received
Other cash received relating to
33,433,337.54 32,639,961.76
operating activities
Subtotal of cash inflows from operating
1,108,247,351.54 845,180,002.62
activities
Cash paid for goods and services 311,522,604.27 326,194,416.87
Cash paid to and for employees 135,932,312.79 137,265,071.85
Various taxes paid 272,000,003.29 297,490,863.01
Other cash payment relating to
30,095,422.00 35,974,043.84
operating activities
Subtotal of cash outflows from
749,550,342.35 796,924,395.57
operating activities
Net cash flows from operating 358,697,009.19 48,255,607.05
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Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
activities
II. Cash flows from investing activities:
Cash received from retraction of
1,211,306,953.68 980,093,922.21
investments
Cash received from return on
25,862,610.30 44,574,060.41
investments
Net cash received from disposal of
fixed assets, intangible assets and other 24,120.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
500,000.00
investing activities
Subtotal of cash inflows from investing
1,237,669,563.98 1,024,692,102.62
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 68,120,433.74 149,353,259.91
assets
Cash paid for investment 1,358,537,575.23 850,068,444.69
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
1,426,658,008.97 999,421,704.60
investing activities
Net cash flows from investing activities -188,988,444.99 25,270,398.02
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
24
Report for the First Quarter of 2015 of Anhui Gujing Distillery Company Limited
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing
activities
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
169,708,564.20 73,526,005.07
equivalents
Add: Opening balance of cash and
584,601,536.78 1,040,360,357.51
cash equivalents
VI. Closing balance of cash and cash
754,310,100.98 1,113,886,362.58
equivalents
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
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