Anhui Gujing Distillery Company Limited
Report for the First Quarter of 2016
Announcement No.: 2016-009
April 2016
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Section I Important Statements
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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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Section II Financial Results and Changes in Shareholders
I Financial results
Whether the Company performed any retroactive adjustments to or restatement of its accounting data due to changes of accounting
policies or correction of accounting errors
□ Yes √ No
January-March 2016 January-March 2015 +/-%
Operating revenues (RMB) 1,843,478,461.71 1,667,266,446.81 10.57%
Net profit attributable to shareholders of
344,007,925.98 302,810,177.34 13.61%
the Company (RMB)
Net profit attributable to shareholders of
the Company after exceptional profit and 339,439,775.36 297,882,968.56 13.95%
loss (RMB)
Net operating cash flow (RMB) 475,909,121.05 308,110,106.39 54.46%
Basic earnings per share (RMB/share) 0.68 0.600 13.33%
Diluted earnings per share (RMB/share) 0.68 0.600 13.33%
Weighted average return on equity 6.90% 6.97% -0.07%
31 March 2016 31 December 2015 +/-%
Total assets (RMB) 8,360,869,740.39 7,183,147,641.13 16.40%
Net assets attributable to shareholders of
5,155,255,499.41 4,833,721,630.08 6.65%
the Company (RMB)
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-March 2016 Note
Profit/loss on disposal of non-current assets (including offset
-42,745.30
amount of asset impairment provisions)
Government grants charged to the profit/loss for the Reporting
Period (except for the government grants closely related to the
1,600,822.25
business of the Company and given at a fixed quota or amount in
accordance with the State’s uniform standards)
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
2,215,724.08
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Non-operating income and expense other than the above 2,317,066.46
Less: Income tax effects 1,522,716.87
Total 4,568,150.62 --
Explain the reasons if the Company classifies an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or classifies any exceptional profit/loss item mentioned in the said explanatory announcement as recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders at the period-end and shareholdings of top ten shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as
shareholdings of top ten shareholders
Unit: share
Total number of preference
Total number of common shareholders with resumed
19,299 Not applicable
shareholders at the period-end voting rights at the period-end
(if any)
Shareholdings of top ten 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
53.89% 271,404,022 Pledged 114,000,000
COMPANY corporation
LIMITED
GAOLING Foreign
2.47% 12,446,408
FUND,L.P. corporation
UBS
Foreign
(LUXEMBOUR 2.45% 12,344,299
corporation
G) S.A.
Foreign
NORGES BANK 1.99% 10,002,859
corporation
GREENWOODS
Foreign
CHINA ALPHA 1.71% 8,627,598
corporation
MASTER FUND
CENTRAL
State-owned
HUIJIN 1.30% 6,543,600
corporation
INVESTMENT
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
CO., LTD.
CHINA INT'L
CAPITAL CORP
Foreign
HONG KONG 1.12% 5,660,171
corporation
SECURITIES
LTD
CHINA
SECURITIES
State-owned
FINANCE 1.04% 5,235,494
corporation
CORPORATION
LIMITED
CHINA
CONSTRUCTIO
N BANK
CORPORATION
－ E FUND
NEW SILK
ROAD Other 0.80% 4,016,719
FLEXIBLE
CONFIGURATI
ON HYBRID
SECURITIES
INVESTMENT
FUNDS
GOLDEN
Foreign
CHINA 0.75% 3,786,434
corporation
MASTER FUND
Shareholdings of top ten non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
ANHUI GUJING GROUP RMB common
271,404,022 271,404,022
COMPANY LIMITED shares
Domestically
GAOLING FUND,L.P. 12,446,408 listed foreign 12,446,408
shares
Domestically
UBS (LUXEMBOURG) S.A. 12,344,299 listed foreign 12,344,299
shares
Domestically
NORGES BANK 10,002,859 listed foreign 10,002,859
shares
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Domestically
GREENWOODS CHINA ALPHA
8,627,598 listed foreign 8,627,598
MASTER FUND
shares
CENTRAL HUIJIN INVESTMENT RMB common
6,543,600 6,543,600
CO., LTD. shares
Domestically
CHINA INT'L CAPITAL CORP
5,660,171 listed foreign 5,660,171
HONG KONG SECURITIES LTD
shares
CHINA SECURITIES FINANCE RMB common
5,235,494 5,235,494
CORPORATION LIMITED shares
CHINA CONSTRUCTION BANK
CORPORATION － E FUND
NEW SILK ROAD FLEXIBLE RMB common
4,016,719 4,016,719
CONFIGURATION HYBRID shares
SECURITIES INVESTMENT
FUNDS
Domestically
GOLDEN CHINA MASTER FUND 3,786,434 listed foreign 3,786,434
shares
Among the shareholders above, no affiliated relationship exists between the Company’s
controlling shareholder—Anhui Gujing Group Company Limited—and other shareholders,
Explanation on associated
nor they are parties acting in concert as defined in the Administrative Measures on
relationship or persons acting in
Information Disclosure of Changes in Shareholding of Listed Companies. As for other
concert among the above-mentioned
shareholders, the Company does not know whether they are related parties or whether they
shareholders:
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 conducting securities Not applicable
margin trading (if any)
Did any of the top ten common shareholders or the top ten 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 preference shareholders and shareholdings of the top ten of them
□ Applicable √ Not applicable
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting
Period, as well as reasons for such changes
√ Applicable □ Not applicable
1,notes receivable 1376595987.41 yuan, compared with the beginning to increase the number of 155.19%, the main reason is that the
increase in sales revenue;
2, in the construction period of 20539166.98 yuan, 67.17% less than the beginning of the period, the main reason is: to use state
assets transferred to fixed assets;
At the end of 3, payable 158240262.03 yuan, an increase of 68.76% over the beginning of the period, the main reason is that this
period take the bank acceptance bill with suppliers payment increase;
4, the final payment in advance of 990566340.70 yuan, an increase of 62.77% over the beginning of the period, the main reason is
that the increase in sales orders;
5, financial fee for the period the cumulative occurrence amount of $-3603168.29, 33.96% increase from the same period a year
earlier, the main reason is caused by changes in the bank financial products revenue cycle;
6, net cash flows from operating activities 475909121.05 yuan, 54.46% increase from the same period a year earlier, the main reason
is due to the increase of days sales outstanding;
7, other payment period of 830,219,817.68 yuan, an increase of 83.60% compared with the beginning of the period, the main reason
is: received an increase in margin.
II Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Operating result forecast for January-June 2016
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-beginning to the end of
the next reporting period according to prediction, as well as explanations on the reasons:
□Applicable √ Not applicable
V Securities investments
√ Applicable □ Not applicable
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Shareholdi Gain/lo
Number Number Shareholdi
Variety Code Name ng ss for
Initial of shares of shares ng Closing
of of of percentage reportin Accounting Source of
investment held at held at percentage book value
securiti securiti securiti at g title stock
cost (RMB) period-be period-e at (RMB)
es es es period-beg period
gin nd period-end
in (RMB)
Available-for-s
29,532,821.5 10,485,10 10,485,1 35,649,340.0 Self-own
Stock 601988 ZGYH 0.00 ale financial
3 0 00 0 ed funds
assets
Available-for-s
20,571,856.7 2,219,72 23,617,820.8 Self-own
Stock 000001 PAYH 2,219,720 0.00 ale financial
9 0 0 ed funds
assets
Available-for-s
91,133,996.8 6,445,12 124,648,620. Self-own
Stock 600373 ZWCM 6,445,120 0.00 ale financial
0 0 80 ed funds
assets
141,238,675. 19,149,94 19,149,9 183,915,781.
Total -- -- 0.00 -- --
12 0 40 60
Disclosure date of the
board announcement on
approval of the securities
investment
Disclosure date of the
general meeting
announcement on
approval of the securities
investment (if any)
VI Investments in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company in the Reporting Period for purposes of research,
communication, interview, etc.
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
IX Occupation of the Company’s funds by the controlling shareholder or its related parties
for non-operating purposes
□ Applicable √ Not applicable
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 March 2016
Unit: RMB
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,252,303,505.40 1,087,319,158.77
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded in 254,947.88 322,223.28
current profits and losses
Derivative financial assets
Notes receivable 1,376,595,987.41 539,442,903.31
Accounts receivable 4,985,055.92 4,948,074.84
Accounts paid in advance 49,227,972.43 80,373,083.59
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 0.00
Dividend receivable
Other accounts receivable 11,652,627.40 8,617,955.68
Financial assets purchased under
agreements to resell
Inventories 1,402,910,901.81 1,396,712,050.87
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,770,639,422.57 1,500,970,860.37
Total current assets 5,868,570,420.82 4,618,706,310.71
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 283,915,781.60 313,881,190.47
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment
Investing real estate 9,571,587.50 9,715,451.89
Fixed assets 1,700,147,325.18 1,691,028,804.32
Construction in progress 20,539,166.98 62,562,971.78
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 296,240,085.07 298,372,239.96
R&D expense
Goodwill
Long-term deferred expenses 120,820,369.61 127,815,668.37
Deferred income tax assets 61,065,003.63 61,065,003.63
Other non-current assets
Total of non-current assets 2,492,299,319.57 2,564,441,330.42
Total assets 8,360,869,740.39 7,183,147,641.13
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 of which changes are recorded in
current profits and losses
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Derivative financial liabilities
Notes payable 158,240,262.03 93,768,583.00
Accounts payable 432,971,404.62 378,187,452.07
Accounts received in advance 990,566,340.70 608,565,152.50
Financial assets sold for repurchase
Handling charges and commissions
payable
Payroll payable 248,168,931.55 253,901,700.72
Tax payable 349,915,350.11 358,087,353.80
Interest payable
Dividend payable
Other accounts payable 830,219,817.68 452,193,188.94
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 136,561,795.50 138,135,604.82
Total current liabilities 3,146,643,902.19 2,282,839,035.85
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 44,984,598.53 46,123,314.33
Deferred income tax liabilities 13,985,740.26 20,463,660.87
Other non-current liabilities
11
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Total non-current liabilities 58,970,338.79 66,586,975.20
Total liabilities 3,205,614,240.98 2,349,426,011.05
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 32,007,829.86 54,481,886.51
Specific reserves
Surplus reserves 256,902,260.27 256,902,260.27
Provisions for general risks
Retained profits 3,067,806,916.09 2,723,798,990.11
Total equity attributable to owners of
5,155,255,499.41 4,833,721,630.08
the Company
Minority interests
Total owners’ equity 5,155,255,499.41 4,833,721,630.08
Total liabilities and owners’ equity 8,360,869,740.39 7,183,147,641.13
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
Item Closing balance Opening balance
Current Assets:
Monetary funds 427,933,310.63 548,650,832.84
Financial assets measured at fair
value of which changes are recorded in 254,947.88 322,223.28
current profits and losses
Derivative financial assets
Notes receivable 1,144,006,950.20 288,101,188.68
Accounts receivable 4,671,793.59 4,350,437.24
Accounts paid in advance 14,652,906.66 5,876,678.41
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Interest receivable
Dividend receivable
Other accounts receivable 107,989,463.02 107,625,019.85
Inventories 1,377,686,575.97 1,374,311,894.88
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,770,000,000.00 1,500,000,000.00
Total current assets 4,847,195,947.95 3,829,238,275.18
Non-current assets:
Available-for-sale financial assets 283,915,781.60 313,881,190.47
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 354,089,408.32 354,089,408.32
Investing real estate 9,571,587.50 9,715,451.89
Fixed assets 1,485,591,447.06 1,471,584,047.66
Construction in progress 20,141,467.14 62,355,022.07
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 186,153,398.35 187,468,810.92
R&D expense
Goodwill
Long-term deferred expenses 120,820,369.61 127,815,668.37
Deferred income tax assets 42,154,627.44 42,154,627.44
Other non-current assets
Total of non-current assets 2,502,438,087.02 2,569,064,227.14
Total assets 7,349,634,034.97 6,398,302,502.32
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable 3,378,583.00 828,583.00
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Accounts payable 418,773,279.45 371,636,772.06
Accounts received in advance 1,348,342,229.01 659,484,624.07
Payroll payable 66,623,382.11 88,513,920.05
Tax payable 276,824,524.79 237,459,964.06
Interest payable
Dividend payable
Other accounts payable 308,439,786.02 268,035,753.60
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities 60,932,160.68 61,660,494.13
Total current liabilities 2,483,313,945.06 1,687,620,110.97
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 44,984,598.53 46,123,314.33
Deferred income tax liabilities 13,986,534.78 20,463,660.87
Other non-current liabilities
Total non-current liabilities 58,971,133.31 66,586,975.20
Total liabilities 2,542,285,078.37 1,754,207,086.17
Owners’ equity:
Share capital 503,600,000.00 503,600,000.00
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 1,247,162,107.35 1,247,162,107.35
Less: Treasury stock
Other comprehensive income 32,007,829.86 54,481,886.51
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Specific reserves
Surplus reserves 251,800,000.00 251,800,000.00
Retained profits 2,772,779,019.39 2,587,051,422.29
Total owners’ equity 4,807,348,956.60 4,644,095,416.15
Total liabilities and owners’ equity 7,349,634,034.97 6,398,302,502.32
3. Consolidated income statement
Unit: RMB
Item January-March 2016 January-March 2015
I. Total operating revenues 1,843,478,461.71 1,667,266,446.81
Including: Sales income 1,843,478,461.71 1,667,266,446.81
Interest income
Premium income
Handling charge and commission
income
II. Total operating costs 1,417,218,910.78 1,294,290,043.59
Including: Cost of sales 472,705,071.05 500,208,588.03
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 287,297,202.17 237,319,992.12
Selling and distribution expenses 535,476,528.14 430,235,500.14
Administrative expenses 125,343,277.71 131,982,389.74
Financial expenses -3,603,168.29 -5,456,426.44
Asset impairment loss
Add: Gain/(loss) from change in fair
-16,705.41 30,745.00
value (“-” means loss)
Gain/(loss) from investment (“-”
30,013,785.99 25,982,446.50
means loss)
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 456,256,631.51 398,989,594.72
Add: non-operating income 4,123,910.97 6,578,322.18
Including: Gains on disposal of
non-current assets
Less: non-operating expense 112,845.81 39,455.47
Including: Losses on disposal of
42,745.30 0.00
non-current assets
IV. Total profit (“-” means loss) 460,267,696.67 405,528,461.43
Less: Income tax expense 116,259,770.69 102,718,284.09
V. Net profit (“-” means loss) 344,007,925.98 302,810,177.34
Net profit attributable to owners of
344,007,925.98 302,810,177.34
the Company
Minority shareholders’ income
VI. After-tax net amount of other
-22,474,056.65 24,675,913.23
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to -22,474,056.65 24,675,913.23
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
that will be reclassified into gains and -22,474,056.65 24,675,913.23
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
16
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
2. Gains and losses on fair
value changes of available-for-sale -22,474,056.65 24,675,913.23
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 321,533,869.33 327,486,090.57
Attributable to owners of the
321,533,869.33 327,486,090.57
Company
Attributable to minority
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.68 0.600
(II) Diluted earnings per share 0.68 0.600
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
Item January-March 2016 January-March 2015
I. Total sales 1,081,338,849.69 930,851,268.33
Less: cost of sales 481,921,265.24 514,560,468.30
Business taxes and surcharges 273,467,194.86 223,815,357.25
Distribution expenses 27,090,283.32 28,126,319.35
Administrative expenses 89,357,297.04 91,911,978.85
Financial costs -3,388,636.27 -5,128,218.55
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Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Impairment loss
Add: gain/(loss) from change in fair
-16,705.41 30,745.00
value (“-” means loss)
Gain/(loss) from investment (“-”
30,013,785.99 25,862,610.30
means loss)
Including: income from investment
on associates and joint ventures
II. Business profit (“-” means loss) 242,888,526.08 103,458,718.43
Add: non-operating income 4,785,164.01 4,581,139.03
Including: Gains on disposal of
non-current assets
Less: non-operating expense 36,893.95 11,579.37
Including: Losses on disposal of
36,893.95 0.00
non-current assets
III. Total profit (“-” means loss) 247,636,796.14 108,028,278.09
Less: Income tax expense 61,909,199.04 28,291,661.41
IV. Net profit (“-” means loss) 185,727,597.10 79,736,616.68
V. After-tax net amount of other
-22,474,056.65 24,675,913.23
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 -22,474,056.65 24,675,913.23
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 financial -22,474,056.65 24,675,913.23
assets
18
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
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 163,253,540.45 104,412,529.91
VII. Earnings per share
(I) Basic earnings per share 0.37 0.160
(II) Diluted earnings per share 0.37 0.160
5. Consolidated cash flow statement
Unit: RMB
Item January-March 2016 January-March 2015
I. Cash flows from operating activities:
Cash received from sale of
1,752,652,054.67 1,593,219,474.88
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
assets measured at fair value of which
changes are recorded into current gains
and losses
Cash received from interest,
handling charges and commissions
19
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received
Other cash received relating to
171,045,890.73 83,658,100.74
operating activities
Subtotal of cash inflows from operating
1,923,697,945.40 1,676,877,575.62
activities
Cash paid for goods and services 303,598,158.66 372,053,201.46
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 258,832,549.81 301,577,229.10
Various taxes paid 679,555,137.02 524,671,820.51
Other cash payment relating to
205,802,978.86 170,465,218.16
operating activities
Subtotal of cash outflows from
1,447,788,824.35 1,368,767,469.23
operating activities
Net cash flows from operating
475,909,121.05 308,110,106.39
activities
II. Cash flows from investing activities:
Cash received from withdrawal of
1,130,986,038.17 1,236,571,351.15
investments
Cash received from return on
30,013,785.99 25,982,446.50
investments
Net cash received from disposal of
fixed assets, intangible assets and other 0.00 98,400.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
20
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
Other cash received relating to
0.00 500,000.00
investing activities
Subtotal of cash inflows from investing
1,160,999,824.16 1,263,152,197.65
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 42,024,526.60 69,102,293.26
assets
Cash paid for investment 1,400,754,646.28 1,380,530,924.41
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
1,442,779,172.88 1,449,633,217.67
investing activities
Net cash flows from investing activities -281,779,348.72 -186,481,020.02
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
Including: dividends or profit paid
by subsidiaries to minority
shareholders
Other cash payments relating to
financing activities
21
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
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
194,129,772.33 121,629,086.37
equivalents
Add: Opening balance of cash and
1,040,373,733.07 682,360,442.79
cash equivalents
VI. Closing balance of cash and cash
1,234,503,505.40 803,989,529.16
equivalents
6. Cash flow statement of the Company
Unit: RMB
Item January-March 2016 January-March 2015
I. Cash flows from operating activities:
Cash received from sale of
986,008,424.72 1,074,814,014.00
commodities and rendering of service
Tax refunds received
Other cash received relating to
73,537,128.65 33,433,337.54
operating activities
Subtotal of cash inflows from operating
1,059,545,553.37 1,108,247,351.54
activities
Cash paid for goods and services 266,984,820.59 311,522,604.27
Cash paid to and for employees 149,400,378.51 135,932,312.79
Various taxes paid 435,019,983.45 272,000,003.29
Other cash payment relating to
48,791,402.78 30,095,422.00
operating activities
Subtotal of cash outflows from
900,196,585.33 749,550,342.35
operating activities
Net cash flows from operating
159,348,968.04 358,697,009.19
activities
II. Cash flows from investing activities:
Cash received from retraction of
1,130,986,038.17 1,211,306,953.68
investments
Cash received from return on 30,013,785.99 25,862,610.30
22
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
0.00 500,000.00
investing activities
Subtotal of cash inflows from investing
1,160,999,824.16 1,237,669,563.98
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 40,311,668.13 68,120,433.74
assets
Cash paid for investment 1,400,754,646.28 1,358,537,575.23
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
1,441,066,314.41 1,426,658,008.97
investing activities
Net cash flows from investing activities -280,066,490.25 -188,988,444.99
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
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
23
Gujing Distillery Original Chinese Spirits Report for the First Quarter of 2016 of Anhui Gujing Distillery Company Limited
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
-120,717,522.21 169,708,564.20
equivalents
Add: Opening balance of cash and
548,650,832.84 584,601,536.78
cash equivalents
VI. Closing balance of cash and cash
427,933,310.63 754,310,100.98
equivalents
II Auditor’s report
Is this Report audited?
□ Yes √ No
This Report is not audited.
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