Gujing Distillery Aged Original Spirits Semi-Annual Report 2017 (Abstract)
Stock code: 000596, 200596 Stock name: Gujing Distillery, Gujing Distillery B Announcement No.: 2017-016
ANHUI GUJING DISTILLERY COMPANY LIMITED
SEMI-ANNUAL REPORT 2017 (ABSTRACT)
I Important Notes
This Abstract is based on the full text of the Semi-Annual Report. In order for a full understanding of the operating results, financial
condition and future development planning of the Company, investors are kindly reminded to read the full text carefully on the media
designated by the China Securities Regulatory Commission (the “CSRC”).
This Abstract has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the
two versions, the Chinese version shall prevail.
Modified auditor’s opinion:
□ Applicable √ Not applicable
Proposal for profit distribution to or converting capital reserve into share capital for common shareholders for the Reporting Period,
which has been considered and approved by the Board:
□ Applicable √ Not applicable
The Company plans not to distribute cash dividends or bonus shares or convert capital reserve into share capital.
Proposal for profit distribution to preference shareholders for the Reporting Period, which has been considered and approved by the
Board:
□ Applicable √ Not applicable
II Company Profile
1. Stock Profile
Gujing Distillery, Gujing
Stock name Stock code 000596, 200596
Distillery B
Stock exchange Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Ye Changqing Mei Jia
Gujing Town, Bozhou City, Anhui Province, Gujing Town, Bozhou City, Anhui Province,
Office address
P.R.China P.R.China
Tel. （0558）5712231 （0558）5710057
E-mail gjzqb@gujing.com.cn gjzqb@gujing.com.cn
2. Key Operating Results
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
Reporting Period Same period of last year +/- (%)
Operating revenues (RMB) 3,670,127,764.59 3,045,034,706.73 20.53%
Net profit attributable to shareholders of
548,889,891.65 431,055,462.62 27.34%
the Company (RMB)
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Gujing Distillery Aged Original Spirits Semi-Annual Report 2017 (Abstract)
Net profit attributable to shareholders of
the Company before exceptional profit and 483,955,014.12 423,236,352.49 14.35%
loss (RMB)
Net cash generated by operating activities
425,365,224.08 326,112,612.99 30.44%
(RMB)
Basic earnings per share (RMB/share) 1.09 0.86 26.74%
Diluted earnings per share (RMB/share) 1.09 0.86 26.74%
Weighted average return on equity (%) 9.86% 8.54% 1.32%
End of Reporting Period End of last year +/- (%)
Total assets (RMB) 9,598,765,852.71 8,736,205,153.86 9.87%
Net assets attributable to shareholders of
5,821,954,803.53 5,595,121,383.96 4.05%
the Company (RMB)
3. Shareholders and Their Holdings at Period-End
Unit: share
Total number of preference
Total number of common shareholders with resumed
18,369 0
shareholders at period-end voting rights at period-end (if
any)
Top 10 shareholders
Name of Nature of Shareholding Total shares Pledged or frozen shares
Restricted shares held
shareholder shareholder percentage held Status Number
ANHUI
GUJING State-owned
53.89% 271,404,022 Pledged 114,000,000
GROUP CO., corporation
LTD.
NORGES Foreign
2.92% 14,712,309
BANK corporation
GAOLING Foreign
2.47% 12,446,408
FUND,L.P. corporation
UBS (LUX)
EQUITY FUND
Foreign
- CHINA 1.41% 7,096,361
corporation
OPPORTUNIT
Y (USD)
CENTRAL
HUIJIN ASSET State-owned
1.30% 6,543,600
MANAGEMEN corporation
T CO., LTD.
CHINA INT'L
CAPITAL
CORP HONG Foreign
1.10% 5,560,083
KONG corporation
SECURITIES
LTD
UBS (LUX)
EQUITY FUND Foreign
0.98% 4,949,038
- GREATER corporation
CHINA (USD)
GREENWOOD
S CHINA
Foreign
ALPHA 0.98% 4,939,963
corporation
MASTER
FUND
CHINA Other 0.95% 4,805,534
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Gujing Distillery Aged Original Spirits Semi-Annual Report 2017 (Abstract)
CONSTRUCTI
ON BANK CO.,
LTD.－
YINHUA
WEALTH
THEME
MIXED
SECURITIES
INVESTMENT
FUND
CHINA
MERCHANTS
State-owned
SECURITIES 0.76% 3,808,036
corporation
(HK) CO.,
LIMITED
Among the shareholders above, no affiliated relationship exists between the Company’s
controlling shareholder—Anhui Gujing Group Company Limited—and other shareholders, nor
Related or acting-in-concert they are parties acting in concert as defined in the Administrative Measures on Information
parties among shareholders Disclosure of Changes in Shareholding of Listed Companies. As for other shareholders, the
above 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.
Shareholders conducting
N/A
securities margin trading (if any)
4. Change of Controlling Shareholder or Actual Controller in Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preference shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue before the
approval date of this Report or were due but could not be redeemed in full?
No.
III Performance Discussion and Analysis
1. Performance Review for Reporting Period
Is the Company subject to any disclosure requirements for special industries?
No.
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Gujing Distillery Aged Original Spirits Semi-Annual Report 2017 (Abstract)
In the first half of 2017, China’s economy tried to seek growth in stability. After restructuring, the distilled spirits industry began to
recover and experience increasingly fierce competition.
Under the common efforts of the Board and all the staff, for the six months from January to June 2017, the Company achieved, on a
consolidated basis, operating revenues of RMB3.67 billion, up 20.53% compared to the same period of last year; and net profit
attributable to the owners of the Company (as the parent company) of RMB549 million, representing a year-on-year growth of
27.34%. As such, the operating goals that the Company had set for the first half of 2017 at the beginning of the year were all
accomplished. To achieve that, we took the following main measures in the Reporting Period: ① following a strategy of “from the
high-end market to other markets, from the international market to the domestic market” to extend the influence of the Company’s
brands; ② optimizing the product mix; ③ further improving the brewing technique to increase product quality; ④ accelerating
informatization through the “5.0” strategy; ⑤ furthering cost control step by step while tapping potential and increasing efficiency;
⑥ improving human resources management to provide a driving force; ⑦ strengthening safety and environmental protection
management to ensure stable operations; and ⑧ furthering party committee-management integration to promote development
through party committee improvement.
2. Matters Related to Financial Report
(1) Changes in Accounting Policies, Accounting Estimations and Measurement Methods Compared to Last
Accounting Period
□ Applicable √ Not applicable
No such cases.
(2) Retroactive Restatements due to Correction of Significant Accounting Errors in Reporting Period
□ Applicable √ Not applicable
No such cases.
(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
√ Applicable □ Not applicable
Principal The Company’s shareholding
Name of Place of
place of Business nature percentage (%) Way of obtaining
subsidiary registration
business Direct Indirect
Anhui
RunAnXinKe Bozhou, Bozhou,
Testing Anhui Anhui Food testing 100.00 Investment
Technology province province
Co., Ltd.
Suizhou Jun SuiZhou, SuiZhou,
Commercial
He Trading Hubei Hubei 51.00 Investment
trade
Co., Ltd. province province
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