ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2021
October 2021
Third Quarterly Report 2021
Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2021-037
ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2021
Anhui Gujing Distillery Company Limited (hereinafter referred to as the “Company”) and all
the members of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management
of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations,
misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative, Chief Accountant, and head of the financial department (equivalent to financial manager)
hereby guarantee that the financial statements carried in this Report are truthful, accurate and complete.
3. Indicate by tick mark whether the financial statements in this Report have been audited by an independent auditor.
□Yes √ No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q3 2021 YoY change (%) Q1-Q3 2021 YoY change (%)
Operating revenue
3,094,775,914.80 21.37% 10,102,272,382.54 25.19%
(RMB)
Net profit attributable to
the listed company’s 590,128,559.28 15.09% 1,968,932,387.74 28.05%
shareholders (RMB)
Net profit attributable to
the listed company’s
563,373,758.33 14.24% 1,901,659,019.32 26.69%
shareholders before
exceptional gains and
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Third Quarterly Report 2021
losses (RMB)
Net cash generated
from/used in operating —— —— 3,952,672,262.13 53.21%
activities (RMB)
Basic earnings per share
1.11 8.82% 3.85 26.23%
(RMB/share)
Diluted earnings per
1.11 8.82% 3.85 26.23%
share (RMB/share)
Weighted average return
3.71% -2.02% 15.53% -0.72%
on equity (%)
30 September 2021 31 December 2020 Change (%)
Total assets (RMB) 24,897,227,812.30 15,186,625,708.79 63.94%
Equity attributable to the
listed company’s 16,211,876,406.67 10,043,288,013.73 61.42%
shareholders (RMB)
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
Item Q3 2021 Q1-Q3 2021 Note
Gain or loss on disposal of non-current assets
-1,690,674.08 -3,808,029.12
(inclusive of impairment allowance write-offs)
Government grants through profit or loss (exclusive
of government grants continuously given in the
Company’s ordinary course of business at fixed 5,386,305.08 40,102,575.54
quotas or amounts as per the government’s policies
and standards)
Gain or loss on fair-value changes on
held-for-trading financial assets and liabilities &
income from disposal of held-for-trading financial
assets and liabilities and available-for-sale financial 6,193,208.48 12,663,308.69
assets (exclusive of the effective portion of hedges
that arise in the Company’s ordinary course of
business)
Reversed portions of impairment allowances for
receivables which are tested individually for 0.00 1,949,809.53
impairment
Non-operating income and expense other than the
26,348,791.37 51,918,228.07
above
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Third Quarterly Report 2021
Less: Income tax effects 8,984,856.63 25,578,238.03
Non-controlling interests effects (net of tax) 497,973.27 9,974,286.26
Total 26,754,800.95 67,273,368.42 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation
√ Applicable □ Not applicable
Balance sheet 30 September 2021 31 December
Change (%) Main reason for change
items (RMB) 2020 (RMB)
Arrival of raised funds and increase in cash
Monetary assets 13,875,436,474.05 5,971,212,569.66 132.37%
proceeds from sale of goods
Decrease in accounts receivable of Anhui Gujing
Accounts
39,089,927.66 67,933,735.91 -42.46% Yunshang E-commerce Co., Ltd. from its
receivable
customers
Increase in prepayments for advertising and
Prepayments 200,566,434.11 55,575,543.21 260.89%
procurement
Other receivables 49,668,257.16 33,451,121.48 48.48% Increase in prepayment for marketing service
Construction in Increase in investments in the intelligent park
632,355,876.24 279,169,201.60 126.51%
progress project
Deferred income Increase in deductible temporary differences
147,840,011.47 96,972,421.95 52.46%
tax assets relating to accrued expenses
Short-term Short-term borrowings arising from the
92,255,166.33 70,665,500.00 30.55%
borrowings acquisition of Mingguang Distillery
Contract
2,792,760,736.48 1,206,573,886.26 131.46% Increase in orders
liabilities
Taxes and levies 734,499,523.61 349,142,692.10 110.37% Increase in sales revenue
Long-term
155,144,437.50 60,117,638.89 158.07% Increase in borrowings of Yellow Crane Tower
borrowings
Deferred income Increase in the valuation of acquired assets in a
195,666,409.76 114,821,451.24 70.41%
tax liabilities business combination
Income statement Q1-Q3 2020
Q1-Q3 2021 (RMB) Change (%) Main reason for change
items (RMB)
R&D expense 33,094,095.13 24,415,175.52 35.55% Increase in R&D investments
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Third Quarterly Report 2021
Other income 40,087,717.90 23,491,542.76 70.65% Increase in government grants related to income
Non-operating
52,942,882.45 36,221,004.38 46.17% Increase in penalty and compensation income
income
Non-operating
5,831,361.32 24,806,037.98 -76.49% Last year saw donations made in the pandemic
expense
Cash flow Q1-Q3 2020
Q1-Q3 2021 (RMB) Change (%) Main reason for change
statement items (RMB)
Net cash
generated
from/used in 3,952,672,262.13 2,579,860,186.58 53.21% Increase in cash proceeds from sale of goods
operating
activities
Subtotal of cash
generated from Cash proceeds from a designated placement of
5,138,157,169.81 70,325,500.00 7,206.25%
financing shares
activities
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preference
Number of ordinary shareholders 27,468 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Restricted shares Shares in pledge, marked or frozen
Total shares held
shareholder shareholder percentage held Status Shares
ANHUI GUJING
GROUP State-owned legal
51.34% 271,404,022 In pledge 114,000,000
COMPANY person
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES Other 3.10% 16,398,323 1,900,000
LIQUOR INDEX
CLASSIFICATI
ON
SECURITIES
5
Third Quarterly Report 2021
INVESTMENT
FUND
GAOLING Foreign legal
2.35% 12,446,408
FUND,L.P. person
AGRICULTURA
L BANK OF
CHINA － E
FUND
CONSUMPTION
Other 2.03% 10,722,402 1,000,000
SECTOR
STOCK
SECURITIES
INVESTMENT
FUND
INDUSTRIAL
AND
COMMERCIAL
BANK OF
CHINA
LIMITED-
INVESCO
Other 1.89% 9,999,951
GREAT WALL
EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
FUND
CHINA
INTERNATION
AL CAPITAL
Foreign legal
CORPORATION 1.65% 8,710,452
person
HONG KONG
SECURITIES
LTD
UBS (LUX)
EQUITY FUND -
Foreign legal
CHINA 1.33% 7,048,161
person
OPPORTUNITY
(USD)
HONG KONG Foreign legal
1.05% 5,564,705
SECURITIES person
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Third Quarterly Report 2021
CLEARING
COMPANY LTD.
BANK OF
CHINA-
INVESCO
GREAT WALL
DINGYI Other 0.95% 4,995,403
HYBRID
SECURITIES
INVESTMENT
FUND (LOF)
GREENWOODS
Foreign legal
CHINA ALPHA 0.87% 4,614,326
person
MASTER FUND
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted ordinary shares held
Class Shares
ANHUI GUJING GROUP RMB-denominate
271,404,022 271,404,022
COMPANY LIMITED d ordinary share
BANK OF CHINA-CHINA
MERCHANTS CHINA
RMB-denominate
SECURITIES LIQUOR INDEX 14,498,323 14,498,323
d ordinary share
CLASSIFICATION SECURITIES
INVESTMENT FUND
Domestically
GAOLING FUND,L.P. 12,446,408 listed foreign 12,446,408
share
INDUSTRIAL AND
COMMERCIAL BANK OF CHINA
LIMITED- INVESCO GREAT RMB-denominate
9,999,951 9,999,951
WALL EMERGING GROWTH d ordinary share
HYBRID SECURITIES
INVESTMENT FUND
AGRICULTURAL BANK OF
CHINA－E FUND
RMB-denominate
CONSUMPTION SECTOR STOCK 9,722,402 9,722,402
d ordinary share
SECURITIES INVESTMENT
FUND
CHINA INTERNATIONAL Domestically
CAPITAL CORPORATION HONG 8,710,452 listed foreign 8,710,452
KONG SECURITIES LTD share
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Third Quarterly Report 2021
Domestically
UBS (LUX) EQUITY FUND -
7,048,161 listed foreign 7,048,161
CHINA OPPORTUNITY (USD)
share
HONG KONG SECURITIES RMB-denominate
5,564,705 5,564,705
CLEARING COMPANY LTD. d ordinary share
BANK OF CHINA- INVESCO
GREAT WALL DINGYI HYBRID RMB-denominate
4,995,403 4,995,403
SECURITIES INVESTMENT d ordinary share
FUND (LOF)
Domestically
GREENWOODS CHINA ALPHA
4,614,326 listed foreign 4,614,326
MASTER FUND
share
Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing
Group Company Limited—is not a related party of other shareholders; nor are they parties
acting in concert as defined in the Administrative Measures on Information Disclosure of
Related or acting-in-concert parties
Changes in Shareholding of Listed Companies. As for the other shareholders, the Company
among the shareholders above
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 shareholders engaged in
N/A
securities margin trading (if any)
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
Approved by the China Securities Regulatory Commission under CSRC Permit [2021] No. 1422, the Company issued
RMB25,000,000 ordinary shares (A shares) to specific targets on 23 June 2021 at an issuing price of RMB200.00 per share, raising
total proceeds of RMB5,000,000,000.00. After deducting the expenses related to the issue of RMB45,657,925.15 (excluding VAT),
the actual net proceeds raised were RMB4,954,342,074.85. RSM (special ordinary partnership) has audited the availability of the
funds raised from the non-public offering of shares of the Company on 29 June 2021 and issued Capital Verification Report R.C.Y.Z
[2021] No. 518Z0050. The above shares were registered with the Shenzhen Branch of CSDC on 12 July 2021 and listed on the
Shenzhen Stock Exchange on 22 July 2021.
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Third Quarterly Report 2021
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Unit: RMB
Item 30 September 2021 31 December 2020
Current assets:
Monetary assets 13,875,436,474.05 5,971,212,569.66
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 215,308,026.65 203,877,915.51
Derivative financial assets
Notes receivable
Accounts receivable 39,089,927.66 67,933,735.91
Receivables financing 1,734,068,755.94 1,673,510,794.51
Prepayments 200,566,434.11 55,575,543.21
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 49,668,257.16 33,451,121.48
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 4,288,706,536.45 3,416,880,808.96
Contract assets
Assets held for sale
Current portion of non-current assets
Other current assets 105,363,247.68 97,412,681.26
Total current assets 20,508,207,659.70 11,519,855,170.50
Non-current assets:
Loans and advances to customers
Debt investments
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Third Quarterly Report 2021
Other debt investments
Long-term receivables
Long-term equity investments 5,059,284.53 4,915,575.83
Investments in other equity
55,435,209.70 0.00
instruments
Other non-current financial assets
Investment property 4,155,086.68 4,392,943.54
Fixed assets 1,809,287,766.00 1,797,789,271.62
Construction in progress 632,355,876.24 279,169,201.60
Productive living assets
Oil and gas assets
Right-of-use assets 46,570,414.12 0.00
Intangible assets 1,066,136,943.29 934,711,977.79
Development costs
Goodwill 561,364,385.01 478,283,495.29
Long-term prepaid expense 58,799,375.56 64,591,933.65
Deferred income tax assets 147,840,011.47 96,972,421.95
Other non-current assets 2,015,800.00 5,943,717.02
Total non-current assets 4,389,020,152.60 3,666,770,538.29
Total assets 24,897,227,812.30 15,186,625,708.79
Current liabilities:
Short-term borrowings 92,255,166.33 70,665,500.00
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 90,004,336.16 140,614,535.60
Accounts payable 575,595,861.93 505,206,561.86
Advances from customers
Contract liabilities 2,792,760,736.48 1,206,573,886.26
Financial assets sold under
repurchase agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of
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Third Quarterly Report 2021
securities
Payables for underwriting of
securities
Employee benefits payable 483,014,198.13 498,129,114.76
Taxes and levies payable 734,499,523.61 349,142,692.10
Other payables 1,903,171,249.45 1,396,599,161.14
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
liabilities
Other current liabilities 826,619,080.89 320,792,383.03
Total current liabilities 7,497,920,152.98 4,487,723,834.75
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 155,144,437.50 60,117,638.89
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 43,371,048.45 0.00
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income 94,231,513.22 75,111,997.53
Deferred income tax liabilities 195,666,409.76 114,821,451.24
Other non-current liabilities
Total non-current liabilities 488,413,408.93 250,051,087.66
Total liabilities 7,986,333,561.91 4,737,774,922.41
Owners’ equity:
Share capital 528,600,000.00 503,600,000.00
Other equity instruments
Including: Preference shares
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Third Quarterly Report 2021
Perpetual bonds
Capital reserves 6,224,747,667.10 1,295,405,592.25
Less: Treasury stock
Other comprehensive income 713,930.35 0.00
Specific reserve
Surplus reserves 256,902,260.27 256,902,260.27
General reserve
Retained earnings 9,200,912,548.95 7,987,380,161.21
Total equity attributable to owners of
16,211,876,406.67 10,043,288,013.73
the Company as the parent
Non-controlling interests 699,017,843.72 405,562,772.65
Total owners’ equity 16,910,894,250.39 10,448,850,786.38
Total liabilities and owners’ equity 24,897,227,812.30 15,186,625,708.79
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
1. Revenues 10,102,272,382.54 8,069,420,987.05
Including: Operating revenue 10,102,272,382.54 8,069,420,987.05
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 7,482,458,725.55 6,048,515,730.11
Including: Cost of sales 2,419,835,477.14 1,938,077,825.09
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
12
Third Quarterly Report 2021
dividends
Reinsurance premium
expense
Taxes and levies 1,522,415,676.18 1,290,465,095.80
Selling expense 2,903,172,050.97 2,366,972,926.92
Administrative expense 747,389,656.18 567,702,216.75
Development costs 33,094,095.13 24,415,175.52
Finance costs -143,448,230.05 -139,117,509.97
Including: Interest
6,694,359.93 31,518,587.66
expense
Interest
149,666,958.87 170,768,434.29
income
Add: Other income 40,087,717.90 23,491,542.76
Return on investment (“-” for loss) -17,000,830.67 18,463,230.02
Including: Share of profit or loss
143,708.70 -76,927.61
of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
11,430,111.14 -1,981,950.58
for loss)
Credit impairment loss (“-” for
1,968,827.69 -315,641.04
loss)
Asset impairment loss (“-” for loss) 2,464,519.26 -5,693,185.77
Asset disposal income (“-” for
1,013,535.46 730,090.21
loss)
3. Operating profit (“-” for loss) 2,659,777,537.77 2,055,599,342.54
Add: Non-operating income 52,942,882.45 36,221,004.38
Less: Non-operating expense 5,831,361.32 24,806,037.98
4. Gross profit (“-” for loss) 2,706,889,058.90 2,067,014,308.94
Less: Income tax expense 678,416,189.86 534,449,002.12
5. Net profit (“-” for net loss) 2,028,472,869.04 1,532,565,306.82
5.1 By operating continuity
5.1.1 Net profit from continuing
2,028,472,869.04 1,532,565,306.82
operations (“-” for net loss)
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Third Quarterly Report 2021
5.1.2 Net profit from discontinued
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
1,968,932,387.74 1,537,681,004.06
owners of the Company as the parent
5.2.2 Net profit attributable to
59,540,481.30 -5,115,697.24
non-controlling interests
6. Other comprehensive income, net of
1,189,883.92 0.00
tax
Attributable to owners of the Company
713,930.35 0.00
as the parent
6.1 Items that will not be
713,930.35 0.00
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
schemes
6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method
6.1.3 Changes in the fair value of
713,930.35 0.00
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
profit or loss
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.7 Other
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Third Quarterly Report 2021
Attributable to non-controlling
475,953.57 0.00
interests
7. Total comprehensive income 2,029,662,752.96 1,532,565,306.82
Attributable to owners of the Company
1,969,646,318.09 1,537,681,004.06
as the parent
Attributable to non-controlling
60,016,434.87 -5,115,697.24
interests
8. Earnings per share
8.1 Basic earnings per share 3.85 3.05
8.2 Diluted earnings per share 3.85 3.05
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
1. Cash flows from operating activities:
Proceeds from sale of commodities
11,907,897,641.67 8,647,831,451.67
and rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, fees and commissions
received
Net increase in loans from other
banks and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
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Third Quarterly Report 2021
Tax and levy rebates 4,051,124.97 3,381,080.29
Cash generated from other operating
3,610,815,913.86 2,308,969,284.28
activities
Subtotal of cash generated from
15,522,764,680.50 10,960,181,816.24
operating activities
Payments for commodities and
1,816,278,619.78 1,792,820,288.01
services
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks
and financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 2,033,419,180.70 1,893,631,550.54
Taxes and levies paid 2,893,034,927.30 2,454,548,768.00
Cash used in other operating
4,827,359,690.59 2,239,321,023.11
activities
Subtotal of cash used in operating
11,570,092,418.37 8,380,321,629.66
activities
Net cash generated from/used in
3,952,672,262.13 2,579,860,186.58
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment 406,849,809.53 319,970,000.00
Return on investment 1,258,650.24 18,539,603.54
Net proceeds from the disposal of
fixed assets, intangible assets and other 1,583,399.30 1,932,156.95
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
409,691,859.07 340,441,760.49
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other 417,254,078.37 402,634,821.93
long-lived assets
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Third Quarterly Report 2021
Payments for investments 444,897,000.00 64,798,000.00
Net increase in pledged loans granted
Net payments for the acquisition of
65,123,508.25 0.00
subsidiaries and other business units
Cash used in other investing
6,700,000,000.00 0.00
activities
Subtotal of cash used in investing
7,627,274,586.62 467,432,821.93
activities
Net cash generated from/used in
-7,217,582,727.55 -126,991,061.44
investing activities
3. Cash flows from financing activities:
Capital contributions received 4,962,827,169.81 0.00
Including: Capital contributions by
5,280,000.00 0.00
non-controlling interests to subsidiaries
Borrowings received 175,330,000.00 70,325,500.00
Cash generated from other financing
activities
Subtotal of cash generated from
5,138,157,169.81 70,325,500.00
financing activities
Repayment of borrowings 261,137,703.59 0.00
Interest and dividends paid 760,762,724.42 823,969,175.61
Including: Dividends paid by
0.00 68,058,219.79
subsidiaries to non-controlling interests
Cash used in other financing
16,728,887.78 0.00
activities
Subtotal of cash used in financing
1,038,629,315.79 823,969,175.61
activities
Net cash generated from/used in
4,099,527,854.02 -753,643,675.61
financing activities
4. Effect of foreign exchange rates
changes on cash and cash equivalents
5. Net increase in cash and cash
834,617,388.60 1,699,225,449.53
equivalents
Add: Cash and cash equivalents,
5,636,903,693.74 2,944,749,918.09
beginning of the period
6. Cash and cash equivalents, end of the
6,471,521,082.34 4,643,975,367.62
period
17
Third Quarterly Report 2021
(II) Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year (2021) of the New
Accounting Standards Governing Leases
√ Applicable □ Not applicable
Whether the Company needs to adjust items in balance sheet at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
Item 31 December 2020 1 January 2021 Adjusted
Current assets:
Monetary assets 5,971,212,569.66 5,971,212,569.66
Settlement reserve
Loans to other banks and
financial institutions
Held-for-trading financial
203,877,915.51 203,877,915.51
assets
Derivative financial assets
Notes receivable
Accounts receivable 67,933,735.91 67,933,735.91
Receivables financing 1,673,510,794.51 1,673,510,794.51
Prepayments 55,575,543.21 51,399,808.11 -4,175,735.10
Premiums receivable
Reinsurance receivables
Receivable reinsurance
contract reserve
Other receivables 33,451,121.48 33,451,121.48
Including: Interest
receivable
Dividends
receivable
Financial assets purchased
under resale agreements
Inventories 3,416,880,808.96 3,416,880,808.96
Contract assets
Assets held for sale
Current portion of
non-current assets
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Third Quarterly Report 2021
Other current assets 97,412,681.26 97,412,681.26
Total current assets 11,519,855,170.50 11,515,679,435.40 -4,175,735.10
Non-current assets:
Loans and advances to
customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity
4,915,575.83 4,915,575.83
investments
Investments in other equity
instruments
Other non-current financial
assets
Investment property 4,392,943.54 4,392,943.54
Fixed assets 1,797,789,271.62 1,797,789,271.62
Construction in progress 279,169,201.60 279,169,201.60
Productive living assets
Oil and gas assets
Right-of-use assets 0.00 57,402,412.53 57,402,412.53
Intangible assets 934,711,977.79 934,711,977.79
Development costs
Goodwill 478,283,495.29 478,283,495.29
Long-term prepaid
64,591,933.65 64,591,933.65
expense
Deferred income tax assets 96,972,421.95 96,972,421.95
Other non-current assets 5,943,717.02 5,943,717.02
Total non-current assets 3,666,770,538.29 3,724,172,950.82 57,402,412.53
Total assets 15,186,625,708.79 15,239,852,386.22 53,226,677.43
Current liabilities:
Short-term borrowings 70,665,500.00 70,665,500.00
Borrowings from the
central bank
Loans from other banks
and financial institutions
Held-for-trading financial
liabilities
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Third Quarterly Report 2021
Derivative financial
liabilities
Notes payable 140,614,535.60 140,614,535.60
Accounts payable 505,206,561.86 505,206,561.86
Advances from customers
Contract liabilities 1,206,573,886.26 1,206,573,886.26
Financial assets sold under
repurchase agreements
Customer deposits and
deposits from other banks
and financial institutions
Payables for acting trading
of securities
Payables for underwriting
of securities
Employee benefits payable 498,129,114.76 498,129,114.76
Taxes and levies payable 349,142,692.10 349,142,692.10
Other payables 1,396,599,161.14 1,396,599,161.14
Including: Interest
payable
Dividends
payable
Fees and commissions
payable
Reinsurance payables
Liabilities directly
associated with assets held
for sale
Current portion of
non-current liabilities
Other current liabilities 320,792,383.03 320,792,383.03
Total current liabilities 4,487,723,834.75 4,487,723,834.75
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 60,117,638.89 60,117,638.89
Bonds payable
Including: Preference
shares
Perpetual
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Third Quarterly Report 2021
bonds
Lease liabilities 0.00 53,226,677.43 53,226,677.43
Long-term payables
Long-term employee
benefits payable
Provisions
Deferred income 75,111,997.53 75,111,997.53
Deferred income tax
114,821,451.24 114,821,451.24
liabilities
Other non-current
liabilities
Total non-current liabilities 250,051,087.66 303,277,765.09 53,226,677.43
Total liabilities 4,737,774,922.41 4,791,001,599.84 53,226,677.43
Owners’ equity:
Share capital 503,600,000.00 503,600,000.00
Other equity instruments
Including: Preference
shares
Perpetual
bonds
Capital reserves 1,295,405,592.25 1,295,405,592.25
Less: Treasury stock
Other comprehensive
income
Specific reserve
Surplus reserves 256,902,260.27 256,902,260.27
General reserve
Retained earnings 7,987,380,161.21 7,987,380,161.21
Total equity attributable to
owners of the Company as 10,043,288,013.73 10,043,288,013.73
the parent
Non-controlling interests 405,562,772.65 405,562,772.65
Total owners’ equity 10,448,850,786.38 10,448,850,786.38
Total liabilities and owners’
15,186,625,708.79 15,239,852,386.22 53,226,677.43
equity
Note
The Ministry of Finance issued the Accounting Standard for Business Enterprises No. 21 - Leases (C.K. [2018] No. 35) in 2018, and
the Company implemented the new leasing standard since 1 January 2021, and adjusted the amounts of relevant items in the financial
statements at the beginning of the year of first implementation based on the cumulative effect of the first implementation of the new
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Third Quarterly Report 2021
leasing standard, without adjusting the information of the comparable period. The above policy change increased right-of-use assets
by RMB57,402,412.53, increased lease liabilities by RMB53,226,677.43 and decreased prepayments by RMB4,175,735.10.
2. Retrospective Adjustments to the Comparative Data of Prior Periods due to the First Execution in 2021
of the New Accounting Standards Governing Leases
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
Anhui Gujing Distillery Company Limited
Board of Directors
30 October 2021
22
