Anhui Gujing Distillery Co., Ltd.
The Third Quarterly Report 2012
I. Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and other senior management
personnel of Anhui Gujing Distillery Co., Ltd. (hereinafter referred to as “the Company”) hereby guarantee that
this report carries no false information, misleading statements or major omissions, and accept, individually and
collectively, the responsibility for the factuality, accuracy and completeness of the information set forth herein.
All directors attended the board session for reviewing this report.
Mr. Yu Lin, Person-in-charge of the Company, Mr. Ye Changqing, Person-in-charge of the accounting work, and
Ms. Xia Xueyun, Person-in-charge of the accounting organ (chief accountant) hereby confirm the factuality and
completeness of the Financial Report in this quarterly report.
II. Company Profile
(I) Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
30 Sept. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB Yuan) 4,800,708,296.55 4,241,819,550.30 13.18
Owners’ equity attributable to
shareholders of the Company 3,177,949,956.92 2,761,115,284.45 15.10
(RMB Yuan)
Share capital (Share) 503,600,000.00 251,800,000.00 100.00
Net assets per share
attributable to shareholders of
6.31 10.97 -42.45
the Company (RMB
Yuan/share)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2012 Jan.-Sept. 2012
(%) (%)
Gross operating revenues
1,030,683,382.87 57.71 3,258,492,585.56 45.68
(RMB Yuan)
Net profit attributable to
shareholders of the Company 116,420,534.42 86.12 530,144,672.47 51.25
(RMB Yuan)
Net cash flow from operating
-- -- 1,053,503,780.80 258.26
activities (RMB Yuan)
Net cash flow per share from
operating activities (RMB -- -- 2.09 78.80
Yuan/share)
Basic EPS (RMB Yuan/share) 0.23 -11.54 1.05 -29.05
Diluted EPS (RMB
0.23 -11.54 1.05 -29.05
Yuan/share)
Weighted average ROE (%) 3.73 0.43 17.85 -1.65
Weighted average ROE after
deducting non-recurring gains 3.46 0.37 17.57 -1.54
and losses (%)
Items of non-recurring gains and losses
1
√Applicable □Inapplicable
Amount during
Item Jan.-Sept. 2012 (RMB Notes
Yuan)
Gains and losses on disposal of non-current assets
Tax rebate, reduction or exemption due to un-authorized
approval or the lack of formal approval documents
Government grants recognized in the current year, except
for those acquired in the ordinary course of business or
granted at certain quotas or amounts according to the
country’s unified standards
Capital occupation fees received from non-financial
enterprises that are included in current gains and losses
Gains generated when the investment costs of the
Company’s acquiring subsidiaries, associates and joint
ventures are less than the fair value of identifiable net assets
in the investees attributable to the Company in the
acquisition of the investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or
manage assets
Various asset impairment provisions due to acts of God such
as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business
combinations under the same control
Gains and losses on contingent matters which are irrelevant
to the normal operation of the Company
Gains and losses on fair value changes of transactional
financial assets and liabilities, and investment gains on
disposal of transactional financial assets and liabilities and
available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
Reversal of impairment provisions for accounts receivable
which are separately tested for impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing
properties for which the fair value method is adopted for
subsequent measurement
Current gain and loss effect due to a just-for-once
adjustment to current gains and losses according to
requirements of taxation and accounting laws and
regulations
Custodian fee income from entrusted operations with the
Company
Other non-operating incomes and expenses besides the
11,385,642.53
items above
Other gain and loss items that meet the definition of
non-recurring gains and losses
Minority interests effects
Income tax effects -2,846,410.63
2
Total 8,539,231.90 --
“Other gain and loss items that meet the definition of non-recurring gains and losses” & non-recurring gain and
loss items recognized as recurring gain and loss items according to the natures and characteristics of the
Company’s normal business
Involved amount (RMB
Item Notes
Yuan)
(II) Total number of shareholders and top 10 shareholders at the period-end
Total number of shareholders 27,107
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable shares held Type and number of shares
Name of shareholder
at period-end Type Number
Anhui Gujing Group Company
271,404,022 RMB ordinary shares 271,404,022
Limited
Puning Xinhong Industrial
15,000,000 RMB ordinary shares 15,000,000
Investment Co., Ltd.
Domestically listed foreign
KGI ASIA LIMITED 10,735,515 10,735,515
shares
Domestically listed foreign
UBS (LUXEMBOURG) S.A. 7,319,595 7,319,595
shares
TRIVEST CHINA FOCUS Domestically listed foreign
7,016,694 7,016,694
MASTER FUND shares
GUOTAI JUNAN
Domestically listed foreign
SECURITIES(HONGKONG) 6,167,553 6,167,553
shares
LIMITED
China Merchants Securities Domestically listed foreign
6,010,899 6,010,899
(HK) Co., Ltd shares
China Construction Bank- ABN
5,170,151 RMB ordinary shares 5,170,151
AMRO TEDA Efficiency Fund
Agricultural Bank of
China-Soochow Value Growth 4,805,424 RMB ordinary shares 4,805,424
Double Power Fund
GOLDEN CHINA MASTER
4,778,234 RMB ordinary shares 4,778,234
FUND
Among the shareholders above, no affiliated relationship exists between the Company’s
controlling shareholder—Anhui Gujing Group Company Limited—and other shareholders, nor
they are parties acting in concert as defined in the Administrative Measures on Information
Particulars about shareholders 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.
III. Significant Events
(I) Significant changes in major accounting data, financial highlights and reasons for these changes
√Applicable □Inapplicable
(1) Notes receivable decreased 69.42% over the year-begin, which was mainly because due notes were settled and
some notes receivable were transferred with endorsement.
(2) Accounts receivable decreased 57.42% over the year-begin, which was mainly because the Company beefed
3
up collecting payments from customers.
(3) Interest receivable decreased 81.22% over the year-begin, which was mainly because the Company received
the interest on its term deposits.
(4) Fixed assets increased 46.67% over the year-begin, which was mainly because the Company purchased some
equipment and part of the Gujing industrial park project was completed and transferred into fixed assets upon
price evaluation.
(5) Construction in progress increased 98.47% over the year-begin, which was mainly because the Company paid
for the raised fund investment projects and those projects invested with self-owned funds.
(6) Other payables increased 33.10% over the year-begin, which was mainly because the stable price guarantee
deposits increased due to the rise of the sales volume and the quality guarantee deposits for the construction in
progress increased.
(7) Share capital increased 100% over the year-begin, which was mainly because the Company completed the
equity distribution for 2011.
(8) Operating revenues for the reporting period increased 45.68% over the same period of last year, which was
mainly due to the increase of the sales volume of distilled spirit.
(9) Operating costs for the reporting period increased 55.93% over the same period of last year, which was mainly
due to the sales increase.
(10) Business taxes and surtaxes for the reporting period increased 54.16% over the same period of last year,
which was mainly due to the sales increase.
(11) Selling expenses for the reporting period increased 74.62% over the same period of last year, which was
mainly due to the increase of advertisement input and expenses on market expansion.
(12) Total profit for the reporting period increased 45.14% over the same period of last year, which was mainly
due to the sales increase.
(13) Net profit for the reporting period increased 51.25% over the same period of last year, which was mainly due
to the increase of operating revenues and the sales volume.
(14) Net cash flows from operating activities for the reporting period increased 258.26% over the same period of
last year, which was mainly because income increased and notes receivable were settled upon maturity.
(II) Progress of significant events and its influence, as well as the analysis and explanation on solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
2. The Company offers capital to the controlling shareholder or its related parties or provides external
guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3. Signing and execution of significant contracts concerning routine operation
□Applicable √Inapplicable
4. Others
□Applicable √Inapplicable
(III) Commitments of the Company or shareholders with an over 5% shareholding made in or carried
down into the reporting period
□Applicable √Inapplicable
4
(IV) Predict the 2012 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
(V) Other significant events that need to be explained
1. Securities investment
□Applicable √Inapplicable
2. Investments in derivatives
□Applicable √Inapplicable
3. Derivative investments held at the period-end
□Applicable √Inapplicable
4. Researches, visits and interviews received in the reporting period
During the reporting period, no field research or written inquiry from investors was received by the Company.
5. Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
IV. Appendix
(I) Financial statements
Consolidated statements or not?
√ Yes □ No □ Inapplicable
The currency unit for data of the financial statements below is RMB Yuan unless otherwise specified.
1. Consolidated balance sheet
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
Current Assets:
Monetary funds 2,617,651,321.84 2,082,032,491.33
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 150,011,306.22 490,543,018.49
5
Accounts receivable 16,045,783.57 37,685,831.22
Accounts paid in advance 214,759,878.05 233,262,710.73
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserves
Interest receivable 835,901.92 4,451,540.35
Dividend receivable
Other accounts receivable 21,851,764.07 7,882,417.86
Financial assets purchased under
agreements to resell
Inventories 601,107,478.43 578,157,069.43
Non-current assets due within 1 year
Other current assets
Total current assets 3,622,263,434.10 3,434,015,079.41
Non-current assets:
Loans by mandate and advances granted
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment
Investing property 31,576,616.52 32,558,410.26
Fixed assets 532,073,243.56 362,778,190.84
Construction in progress 264,001,882.01 133,017,100.51
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 323,174,161.90 248,594,232.04
R&D expense
Goodwill
Long-term deferred expenses 6,830,082.15 9,678,465.54
Deferred income tax assets 20,788,876.31 21,178,071.70
Other non-current assets 1,178,444,862.45 807,804,470.89
Total of non-current assets
Total assets 4,800,708,296.55 4,241,819,550.30
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable 251,240,000.00
Accounts payable 238,957,422.52 219,823,856.45
Accounts received in advance 94,669,642.30 135,597,187.88
Financial assets sold for repurchase
Handling charges and commissions
6
payable
Employee’s compensation payable 128,753,617.36 192,762,077.27
Tax payable 566,879,223.79 671,079,511.43
Interest payable
Dividend payable
Other accounts payable 331,263,601.18 248,890,018.78
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1 year
Other current liabilities 518,927.19 2,075,708.75
Total current liabilities 1,612,282,434.34 1,470,228,360.56
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 10,475,905.29 10,475,905.29
Total non-current liabilities 10,475,905.29 10,475,905.29
Total liabilities 1,622,758,339.63 1,480,704,265.85
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 503,600,000.00 251,800,000.00
Capital reserves 1,294,938,493.19 1,546,738,493.19
Less: Treasury stock
Specific reserves
Surplus reserves 147,070,297.60 147,070,297.60
Provisions for general risks
Retained profits 1,232,341,166.13 815,506,493.66
Foreign exchange difference
Total equity attributable to owners of the
3,177,949,956.92 2,761,115,284.45
Company
Minority interests
Total owners’ (or shareholders’) equity 3,177,949,956.92 2,761,115,284.45
Total liabilities and owners’ (or
4,800,708,296.55 4,241,819,550.30
shareholders’) equity
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
2. Balance sheet of the Company
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Balance as at 30 Sept. 2012 Balance as at 30 Jun. 2012
7
Current Assets:
Monetary funds 2,379,726,570.02 1,885,937,555.53
Transactional financial assets
Notes receivable 128,096,427.22 481,125,332.25
Accounts receivable 4,026,673.94 1,857,487.49
Accounts paid in advance 214,229,917.62 148,873,681.27
Interest receivable 835,901.92 4,395,740.35
Dividend receivable
Other accounts receivable 226,084,937.39 263,635,938.96
Inventories 552,265,373.94 545,878,714.66
Non-current assets due within 1 year
Other current assets
Total current assets 3,505,265,802.05 3,331,704,450.51
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 258,089,408.32 247,991,408.32
Investing property 31,576,616.52 32,558,410.26
Fixed assets 324,518,324.73 152,140,192.21
Construction in progress 198,842,740.01 132,982,180.51
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 201,733,467.70 124,709,474.17
R&D expense
Goodwill
Long-term deferred expenses 3,482,199.07 4,536,265.22
Deferred income tax assets 19,829,909.56 20,167,034.56
Other non-current assets
Total of non-current assets 1,038,072,665.91 715,084,965.25
Total assets 4,543,338,467.96 4,046,789,415.76
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 51,240,000.00
Accounts payable 221,757,810.38 225,568,150.93
Accounts received in advance 1,189,496,648.83 590,174,171.08
Employee’s compensation payable 83,705,523.46 102,876,125.19
Tax payable 299,872,171.26 446,265,127.40
Interest payable
Dividend payable
Other accounts payable 89,600,620.89 89,012,417.91
Non-current liabilities due within 1 year
Other current liabilities 449,500.00 1,798,000.00
8
Total current liabilities 1,936,122,274.82 1,455,693,992.51
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 10,354,500.20 10,354,500.20
Total non-current liabilities 10,354,500.20 10,354,500.20
Total liabilities 1,946,476,775.02 1,466,048,492.71
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 503,600,000.00 251,800,000.00
Capital reserves 1,247,162,107.35 1,498,962,107.35
Less: Treasury stock
Specific reserves
Surplus reserves 141,968,037.33 141,968,037.33
Provisions for general risks
Retained profits 704,131,548.26 688,010,778.37
Foreign exchange difference
Total owners’ (or shareholders’) equity 2,596,861,692.94 2,580,740,923.05
Total liabilities and owners’ (or
4,543,338,467.96 4,046,789,415.76
shareholders’) equity
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
3. Consolidated income statement for the reporting period (Jul.- Sept.)
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total operating revenues 1,030,683,382.87 653,511,425.46
Including: Sales income 1,030,683,382.87 653,511,425.46
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 862,969,066.26 550,419,056.58
Including: Cost of sales 304,228,669.45 157,533,930.40
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
9
Taxes and associate charges 170,017,608.58 106,827,863.03
Selling and distribution expenses 317,103,862.57 188,942,135.49
Administrative expenses 88,363,822.15 107,476,445.72
Financial expenses -16,744,896.49 -10,196,867.10
Asset impairment loss -164,450.96
Add: Gain/(loss) from change in fair value
(“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 167,714,316.61 103,092,368.88
Add: non-operating income 5,816,420.16 4,319,567.16
Less: non-operating expense 1,814,838.62 515,954.65
Including: loss from non-current
110,112.01
asset disposal
IV. Total profit (“-” means loss) 171,715,898.15 106,895,981.39
Less: Income tax expense 55,295,363.73 44,343,932.34
V. Net profit (“-” means loss) 116,420,534.42 62,552,049.05
Including: Net profit achieved by
combined parties before the combinations
Attributable to owners of the
116,420,534.42 62,552,049.05
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.23 0.26
(II) Diluted earnings per share 0.23 0.26
VII. Other comprehensive incomes
VIII. Total comprehensive incomes 116,420,534.42 62,552,049.05
Attributable to owners of the
116,420,534.42 62,552,049.05
Company
Attributable to minority shareholders
Where business mergers under the same control occurred in this reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0.
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
4. Income statement of the Company for the reporting period (Jul.- Sept.)
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2012 Jul.-Sept. 2011
I. Total sales 624,677,853.42 382,667,301.19
Less: cost of sales 322,711,589.29 156,939,025.33
Business taxes and surcharges 164,042,003.99 101,684,353.13
Distribution expenses 34,170,835.60
Administrative expenses 63,159,270.72 76,852,821.47
10
Financial costs -22,347,026.92 -5,459,072.86
Impairment loss -399,166.94
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 62,941,180.74 53,049,341.06
Add: non-business income 3,931,109.75 2,075,780.55
Less: non-business expense 412,312.36 468,674.95
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 66,459,978.13 54,656,446.66
Less: income tax expense 23,083,726.48 32,024,572.57
IV. Net profit (“-” means loss) 43,376,251.65 22,631,874.09
V. Earnings per share -- --
(I) Basic earnings per share 0.09 0.09
(II) Diluted earnings per share 0.09 0.09
VI. Other comprehensive income
VII. Total comprehensive income 43,376,251.65 22,631,874.09
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
5. Consolidated income statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total operating revenues 3,258,492,585.56 2,236,809,095.28
Including: Sales income 3,258,492,585.56 2,236,809,095.28
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 2,542,363,663.32 1,745,007,927.66
Including: Cost of sales 877,428,024.58 562,689,535.70
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 533,864,893.33 346,301,935.24
Selling and distribution expenses 918,406,143.71 525,946,515.09
Administrative expenses 269,938,882.65 330,451,416.95
11
Financial expenses -57,274,280.95 -20,692,448.82
Asset impairment loss 310,973.50
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 716,128,922.24 491,801,167.62
Add: non-operating income 14,407,492.70 10,236,356.89
Less: non-operating expense 3,021,850.17 802,143.01
Including: loss from non-current
303,137.32 232,869.20
asset disposal
IV. Total profit (“-” means loss) 727,514,564.77 501,235,381.50
Less: Income tax expense 197,369,892.30 150,735,853.59
V. Net profit (“-” means loss) 530,144,672.47 350,499,527.91
Including: Net profit achieved by
combined parties before the combinations
Attributable to owners of the Company 530,144,672.47 350,499,527.91
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 1.05 1.48
(II) Diluted earnings per share 1.05 1.48
VII. Other comprehensive incomes
VIII. Total comprehensive incomes 530,144,672.47 350,499,527.91
Attributable to owners of the
530,144,672.47 350,499,527.91
Company
Attributable to minority shareholders
Where business mergers under the same control occurred from 1 Jan. 2012 to 30 Sept. 2012, the net profit achieved by the merged
parties before the business mergers was RMB 0.
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
6. Income statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Total sales 1,998,669,216.05 1,308,864,788.23
Less: cost of sales 875,459,663.09 550,526,074.94
Business taxes and surcharges 507,574,478.25 327,956,330.16
Distribution expenses 318,624,310.49
Administrative expenses 162,841,274.89 237,261,748.53
Financial costs -44,242,537.24 -10,681,246.45
Impairment loss -283,286.47
Add: gain/(loss) from change in fair
value (“-” means loss)
12
Gain/(loss) from investment (“-”
299,516.89
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 178,412,026.57 204,384,684.41
Add: non-business income 10,097,358.38 3,977,137.62
Less: non-business expense 843,791.47 597,798.00
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 187,665,593.48 207,764,024.03
Less: income tax expense 58,234,823.59 81,746,170.07
IV. Net profit (“-” means loss) 129,430,769.89 126,017,853.96
V. Earnings per share -- --
(I) Basic earnings per share 0.26 0.53
(II) Diluted earnings per share 0.26 0.53
VI. Other comprehensive income
VII. Total comprehensive income 129,430,769.89 126,017,853.96
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
7. Consolidated cash flow statement from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
3,409,050,411.51 1,954,017,295.85
and rendering of service
Net increase of deposits from customers
and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of original
insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group borrowings
Net increase of funds in repurchase
business
Tax refunds received 485,555.14
Other cash received relating to operating
357,921,165.13 65,271,170.03
activities
Subtotal of cash inflows from operating 3,766,971,576.64 2,019,774,021.02
13
activities
Cash paid for goods and services 522,132,012.94 400,849,470.37
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 331,632,516.14 259,835,430.08
Various taxes paid 1,334,007,969.01 796,294,161.70
Other cash payment relating to operating
525,695,297.75 268,736,058.58
activities
Subtotal of cash outflows from operating
2,713,467,795.84 1,725,715,120.73
activities
Net cash flows from operating activities 1,053,503,780.80 294,058,900.29
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
investments
Net cash received from disposal of fixed
assets, intangible assets and other 502,395.20 1,122,546.24
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to investing
activities
Subtotal of cash inflows from investing
502,395.20 1,122,546.24
activities
Cash paid to acquire fixed assets,
404,625,371.58 190,647,040.30
intangible assets and other long-term assets
Cash paid for investment
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 investing
404,625,371.58 190,647,040.30
activities
Net cash flows from investing activities -404,122,976.38 -189,524,494.06
III. Cash Flows from Financing Activities:
Cash received from capital contributions 1,227,499,450.27
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
0.00 1,227,499,450.27
activities
14
Repayment of borrowings
Cash paid for interest expenses and
113,761,973.91 82,296,583.50
distribution of dividends or profit
Including: dividends or profit paid by
subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from financing
113,761,973.91 82,296,583.50
activities
Net cash flows from financing activities -113,761,973.91 1,145,202,866.77
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
535,618,830.51 1,249,737,273.00
equivalents
Add: Opening balance of cash and cash
2,082,032,491.33 643,231,404.42
equivalents
VI. Closing balance of cash and cash
2,617,651,321.84 1,892,968,677.42
equivalents
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
8. Cash flow statement of the Company from 1 Jan. 2012 to 30 Sept. 2012
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2012 Jan.-Sept. 2011
I. Cash flows from operating activities:
Cash received from sale of commodities
2,762,599,805.09 1,478,644,259.14
and rendering of service
Tax refunds received
Other cash received relating to operating
127,158,647.05 42,274,744.45
activities
Subtotal of cash inflows from operating
2,889,758,452.14 1,520,919,003.59
activities
Cash paid for goods and services 624,836,283.12 434,035,249.69
Cash paid to and for employees 214,308,615.90 143,108,474.54
Various taxes paid 811,152,919.55 552,809,703.78
Other cash payment relating to operating
225,186,781.44 51,986,772.18
activities
Subtotal of cash outflows from operating
1,875,484,600.01 1,181,940,200.19
activities
Net cash flows from operating activities 1,014,273,852.13 338,978,803.40
II. Cash flows from investing activities:
Cash received from retraction of
9,900,000.00
investments
Cash received from return on
investments
Net cash received from disposal of fixed
assets, intangible assets and other 327,600.00 242,235.55
long-term assets
Net cash received from disposal of
subsidiaries or other business units
15
Other cash received relating to investing
activities
Subtotal of cash inflows from investing
327,600.00 10,142,235.55
activities
Cash paid to acquire fixed assets,
387,052,463.73 180,465,127.37
intangible assets and other long-term assets
Cash paid for investment 19,998,000.00
Net cash paid to acquire subsidiaries and
other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from investing
407,050,463.73 180,465,127.37
activities
Net cash flows from investing activities -406,722,863.73 -170,322,891.82
III. Cash flows from financing activities:
Cash received from capital
1,227,499,450.27
contributions
Cash received from borrowings
Cash received from issuance of bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
1,227,499,450.27
activities
Repayment of borrowings
Cash paid for interest expenses and
113,761,973.91 82,296,583.50
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from financing
113,761,973.91 82,296,583.50
activities
Net cash flows from financing activities -113,761,973.91 1,145,202,866.77
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
493,789,014.49 1,313,858,778.35
equivalents
Add: Opening balance of cash and
1,885,937,555.53 480,737,398.56
cash equivalents
VI. Closing balance of cash and cash
2,379,726,570.02 1,794,596,176.91
equivalents
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Xia Xueyun
(II) Audit report
Auditor’s opinion
Un-audited
16
