Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Anhui Gujing Distillery Co., Ltd.
Report for the First Quarter of 2013
April 2013
1
Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of Anhui
Gujing Distillery Co., Ltd. (hereinafter referred to as “the Company”) warrant that the information carried in 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.
Yu Lin, company principal, Ye Changqing, chief of the accounting work, and Xia Xueyun, chief of the accounting
organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are factual,
accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□ Yes √ No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 1,565,277,372.69 1,318,602,541.17 18.71%
Net profit attributable to shareholders of
307,616,134.93 256,091,737.08 20.12%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 303,501,315.82 252,803,215.88 20.05%
losses (RMB Yuan)
Net cash flows from operating activities
480,662,848.19 -43,944,281.40
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.61 0.51 19.61%
Diluted EPS (RMB Yuan/share) 0.61 0.51 19.61%
Weighted average ROE (%) 8.72% 8.86% -0.14%
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 5,676,984,074.12 5,308,127,471.04 6.95%
Net assets attributable to shareholders of
3,681,010,705.69 3,375,488,108.64 9.05%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Non-operating income and expense other than the above 5,486,425.48
Income tax effects 1,371,606.37
Total 4,114,819.11 --
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
34,414
period-end
Shareholdings of top 10 shareholders
Name of Nature of Shareholding Total shares held Number of Pledged or frozen shares
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
shareholder shareholder percentage (%) at the period-end restricted shares
Status of shares Number of shares
held
ANHUI GUJING
GROUP State-owned
53.89% 271,404,022 114,000,000 Pledged 114,000,000
COMPANY corporation
LIMITED
AGREED
BUYBACK
Domestic
SPECIAL
non-state-owned 3.91% 15,000,000
ACCOUNT OF
corporation
GF SECURITIES
CO., LTD.
KGI ASIA Foreign
6.77% 8,126,394
LIMITED corporation
UBS
Foreign
(LUXEMBOUR 6.16% 7,396,320
corporation
G) S.A.
CHINA
CONSTRUCTIO
N BANK－
BANK OF
COMMUNICATI Domestic
ONS non-state-owned 1.56% 5,983,572
SCHRODERS corporation
SUSTAINING
ALLOCATION
MIXED TYPE
FUND
VALUE
Foreign
PARTNERS 4.53% 5,437,585
corporation
CLASSIC FUND
CHINA
MERCHANTS State-owned
4.37% 5,249,000
SECURITIES corporation
(HK) CO., LTD
CHINA
CONSTRUCTIO
N BANK- TEDA Domestic
HONGLI non-state-owned 1.2% 4,597,951
EFFICIENCY corporation
SELECTED
MIXED TYPE
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
FUND
CHINA
CONSTRUCTIO
N BANK－
Domestic
FIRST STATE
non-state-owned 1.2% 4,587,944
CINDA
corporation
LEADING
GROWTH
STOCK FUND
TRIVEST
Foreign
CHINA FOCUS 3.79% 4,548,152
corporation
MASTER FUND
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
ANHUI GUJING GROUP RMB ordinary
271,404,022 271,404,022
COMPANY LIMITED shares
AGREED BUYBACK SPECIAL
RMB ordinary
ACCOUNT OF GF SECURITIES 15,000,000 15,000,000
shares
CO., LTD.
Domestically
KGI ASIA LIMITED 8,126,394 listed foreign 8,126,394
shares
Domestically
UBS (LUXEMBOURG) S.A. 7,396,320 listed foreign 7,396,320
shares
CHINA CONSTRUCTION BANK
－BANK OF COMMUNICATIONS
RMB ordinary
SCHRODERS SUSTAINING 5,983,572 5,983,572
shares
ALLOCATION MIXED TYPE
FUND
Domestically
VALUE PARTNERS CLASSIC
5,437,585 listed foreign 5,437,585
FUND
shares
Domestically
CHINA MERCHANTS
5,249,000 listed foreign 5,249,000
SECURITIES (HK) CO., LTD
shares
CHINA CONSTRUCTION BANK-
RMB ordinary
TEDA HONGLI EFFICIENCY 4,597,951 4,597,951
shares
SELECTED MIXED TYPE FUND
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
CHINA CONSTRUCTION BANK
－FIRST STATE CINDA RMB ordinary
4,587,944 4,587,944
LEADING GROWTH STOCK shares
FUND
Domestically
TRIVEST CHINA FOCUS
4,548,152 listed foreign 4,548,152
MASTER FUND
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.
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
1, notes receivable: at the end of the initial growth of 51.36%, mainly is the Spring Festival season in 2013 bill
settlement caused by increased;
2, accounts receivable: at the end of the period increased by 4.46 times, the main sales revenue increases;
3, interest receivable: at the end of a 1.07 times increase at the beginning, main is due to monetary capital increase
to deposit;
4, notes payable, the final an 47.41% increase from the beginning, main is to save money, the payment issue
caused by bank acceptance;
5, advance payments: the final an 58.69% increase from the beginning, the main sales revenue increases;
II. Progress of significant events and analysis & explanations on their influence and solutions
naught
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments carried down into the reporting period
Commitment Contents of Date of Period of
Commitment Execution
maker commitment commitment commitment
Share reform commitment
Commitment made in an acquisition report
or a report on equity changes
Commitment made in asset reorganization
Commitment made in IPO or re-financing
Commitment made to minority
shareholders of the Company
Executed in time or not Yes
Is a commitment made concerning any
resulted horizontal competition and No
related-party transaction?
IV. Predict the operating results of Jan.-Jun. 2013
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the
next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
V. Securities investments
Sharehold Sharehold Gain/loss
Initial Number Number Closing
ing ing for
investmen of shares of shares book
Variety of Code of Name of percentag percentag reporting Accounti Source of
t cost held at held at value
securities securities securities e at e at period ng title securities
(RMB period-be period-en (RMB
period-be period-en (RMB
Yuan) gin d Yuan)
gin d Yuan)
Available
25,199,99 25,199,99 -for-sale Subscript
Stock 002374 LPGF 1,938,461 1.82% 1,938,461 1.82% 0.00
3.00 3.00 financial ion
assets
Other securities investments
0.00 0 -- 0 -- 0.00 0.00 -- --
held at period-end
25,199,99 25,199,99
Total 1,938,461 -- 1,938,461 -- 0.00 -- --
3.00 3.00
Explain shareholdings in other listed companies:
VI. Derivative investments
Derivative investments held at period-end:
□ Applicable √ Inapplicable
Explanation:
VII. Researches, visits and interviews received in the reporting period
During the reporting period, the company field investigation, communication and interview did not happen.
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 2,001,594,807.02 2,609,650,352.09
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 236,798,199.95 156,449,495.65
Accounts receivable 43,076,066.70 7,887,007.25
Accounts paid in advance 110,015,772.44 85,305,973.47
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 15,047,227.79 7,253,858.34
Dividend receivable
Other accounts receivable 28,890,988.61 21,559,146.98
Financial assets purchased under
agreements to resell
Inventories 815,231,171.63 782,399,498.85
Non-current assets due within 1 year
Other current assets 800,000,000.00
Total current assets 4,050,654,234.14 3,670,505,332.63
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 25,199,993.00 27,991,376.84
Held-to-maturity investments
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Long-term accounts receivable
Long-term equity investment
Investing property 30,762,592.06 31,451,269.49
Fixed assets 768,676,131.45 783,740,205.15
Construction in progress 421,130,035.46 423,672,281.54
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 321,417,371.33 320,716,225.67
R&D expense
Goodwill
Long-term deferred expenses 40,258,177.06 30,959,542.67
Deferred income tax assets 18,885,539.62 19,091,237.05
Other non-current assets
Total of non-current assets 1,626,329,839.98 1,637,622,138.41
Total assets 5,676,984,074.12 5,308,127,471.04
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 330,880,000.00 224,460,000.00
Accounts payable 447,259,632.05 461,112,575.26
Accounts received in advance 181,879,138.82 114,610,235.81
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 146,504,738.57 178,726,582.68
Tax payable 556,523,938.40 645,410,021.57
Interest payable
Dividend payable
Other accounts payable 322,932,659.98 297,098,777.98
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
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 1,590,187.58 2,120,250.11
Total current liabilities 1,987,570,295.40 1,923,538,443.41
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 697,845.96
Other non-current liabilities 8,403,073.03 8,403,073.03
Total non-current liabilities 8,403,073.03 9,100,918.99
Total liabilities 1,995,973,368.43 1,932,639,362.40
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,294,938,493.19 1,297,032,031.07
Less: Treasury stock
Specific reserves
Surplus reserves 218,736,964.73 218,736,964.73
Provisions for general risks
Retained profits 1,663,735,247.77 1,356,119,112.84
Foreign exchange difference
Total equity attributable to owners of
3,681,010,705.69 3,375,488,108.64
the Company
Minority interests
Total owners’ (or shareholders’) equity 3,681,010,705.69 3,375,488,108.64
Total liabilities and owners’ (or
5,676,984,074.12 5,308,127,471.04
shareholders’) equity
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Legal representative: Yu Lin Chief of the accounting work: Ye Changqing
Chief of the accounting organ: Xia Xueyun
2. Balance sheet of the Company
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,751,635,694.13 2,390,346,607.43
Transactional financial assets
Notes receivable 171,182,651.79 139,414,615.95
Accounts receivable 902,007.19 1,293,202.89
Accounts paid in advance 6,735,372.27 1,151,359.52
Interest receivable 13,923,272.23 6,129,902.78
Dividend receivable
Other accounts receivable 176,009,907.99 161,967,822.69
Inventories 770,008,623.16 748,777,364.57
Non-current assets due within 1 year
Other current assets 800,000,000.00
Total current assets 3,690,397,528.76 3,449,080,875.83
Non-current assets:
Available-for-sale financial assets 25,199,993.00 27,991,376.84
Held-to-maturity investments
Long-term accounts receivable 4,255,700.76 4,172,166.85
Long-term equity investment 258,089,408.32 258,089,408.32
Investing property 29,160,843.68 29,814,360.87
Fixed assets 554,041,033.87 562,993,821.32
Construction in progress 421,130,035.46 423,672,281.54
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 201,598,850.06 200,084,457.08
R&D expense
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Goodwill
Long-term deferred expenses 37,188,754.18 27,338,996.93
Deferred income tax assets 18,495,570.63 18,496,292.51
Other non-current assets
Total of non-current assets 1,549,160,189.96 1,552,653,162.26
Total assets 5,239,557,718.72 5,001,734,038.09
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 50,880,000.00 80,000,000.00
Accounts payable 440,208,668.98 446,890,857.97
Accounts received in advance 1,089,673,703.23 714,794,965.38
Employee’s compensation payable 81,521,829.26 79,627,703.42
Tax payable 210,274,669.55 314,625,057.22
Interest payable
Dividend payable
Other accounts payable 125,748,531.45 168,504,557.80
Non-current liabilities due within 1
year
Other current liabilities 1,499,133.78 1,998,845.04
Total current liabilities 1,999,806,536.25 1,806,441,986.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 697,845.96
Other non-current liabilities 8,403,073.03 8,403,073.03
Total non-current liabilities 8,403,073.03 9,100,918.99
Total liabilities 2,008,209,609.28 1,815,542,905.82
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,247,162,107.35 1,249,255,645.23
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Less: Treasury stock
Specific reserves
Surplus reserves 213,634,704.46 213,634,704.46
Provisions for general risks
Retained profits 1,266,951,297.63 1,219,700,782.58
Foreign exchange difference
Total owners’ (or shareholders’) equity 3,231,348,109.44 3,186,191,132.27
Total liabilities and owners’ (or
5,239,557,718.72 5,001,734,038.09
shareholders’) equity
Legal representative: Yu Lin Chief of the accounting work: Ye Changqing
Chief of the accounting organ: Xia Xueyun
3. Consolidated income statement
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Operating revenues 1,565,277,372.69 1,318,602,541.17
Including: Sales income 1,565,277,372.69 1,318,602,541.17
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 1,159,095,006.30 970,874,208.54
Including: Cost of sales 482,917,022.51 333,021,724.15
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 209,755,407.82 203,896,317.96
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Selling and distribution expenses 386,431,488.54 362,599,634.15
Administrative expenses 100,071,801.00 92,703,872.45
Financial expenses -20,056,073.57 -21,347,340.17
Asset impairment loss -24,640.00
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) 406,182,366.39 347,728,332.63
Add: non-operating income 5,835,057.09 4,790,792.59
Less: non-operating expense 348,631.61 406,097.65
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 411,668,791.87 352,113,027.57
Less: Income tax expense 104,052,656.94 96,021,290.49
V. Net profit (“-” means loss) 307,616,134.93 256,091,737.08
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
307,616,134.93 256,091,737.08
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.61 0.51
(II) Diluted earnings per share 0.61 0.51
Ⅶ. Other comprehensive incomes -2,093,537.88
Ⅷ. Total comprehensive incomes 305,522,597.05 256,091,737.08
Attributable to owners of the
305,522,597.05 256,091,737.08
Company
Attributable to minority
shareholders
Legal representative: Yu Lin Chief of the accounting work: Ye Changqing
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Chief of the accounting organ: Xia Xueyun
4. Income statement of the Company
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Sales income 839,278,390.70 801,383,474.80
Less: cost of sales 487,414,620.12 325,780,827.50
Business taxes and surcharges 196,323,945.55 202,578,858.39
Distribution expenses 39,734,703.56 160,000,085.42
Administrative expenses 73,671,065.97 55,225,336.74
Financial costs -19,764,155.40 -9,107,118.33
Impairment loss -24,640.00
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) 61,922,850.90 66,905,485.08
Add: non-business income 2,431,917.33 3,495,035.95
Less: non-business expense 6,189.10 84,471.00
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 64,348,579.13 70,316,050.03
Less: income tax expense 17,098,064.08 27,341,053.99
IV. Net profit (“-” means loss) 47,250,515.05 42,974,996.04
V. Earnings per share -- --
(I) Basic earnings per share 0.09 0.17
(II) Diluted earnings per share 0.09 0.17
VI. Other comprehensive income -2,093,537.88
VII. Total comprehensive income 45,156,977.17 42,974,996.04
Legal representative: Yu Lin Chief of the accounting work: Ye Changqing
Chief of the accounting organ: Xia Xueyun
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
5. Consolidated cash flow statement
Prepared by Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
1,524,683,964.14 1,362,864,829.02
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 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
Other cash received relating to
336,973,131.09 51,475,126.56
operating activities
Subtotal of cash inflows from operating
1,861,657,095.23 1,414,339,955.58
activities
Cash paid for goods and services 396,576,428.84 478,336,140.51
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
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 192,645,644.36 105,398,201.61
Various taxes paid 549,779,709.64 702,280,109.38
Other cash payment relating to
241,992,464.20 172,269,785.48
operating activities
Subtotal of cash outflows from
1,380,994,247.04 1,458,284,236.98
operating activities
Net cash flows from operating activities 480,662,848.19 -43,944,281.40
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 172,005.00 386,600.00
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
172,005.00 386,600.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 88,890,398.26 157,648,880.23
assets
Cash paid for investment 800,000,000.00
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
888,890,398.26 157,648,880.23
investing activities
Net cash flows from investing activities -888,718,393.26 -157,262,280.23
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
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
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
-408,055,545.07 -201,206,561.63
equivalents
Add: Opening balance of cash and
2,409,650,352.09 2,082,032,491.33
cash equivalents
VI. Closing balance of cash and cash
2,001,594,807.02 1,880,825,929.70
equivalents
Legal representative: Yu Lin Chief of the accounting work: Ye Changqing
Chief of the accounting organ: Xia Xueyun
6. Cash flow statement of the Company
Prepared by Anhui Gujing Distillery Co., Ltd.
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
1,141,102,920.50 1,001,871,652.26
commodities and rendering of service
Tax refunds received
Other cash received relating to
149,258,683.47 26,409,516.42
operating activities
Subtotal of cash inflows from operating
1,290,361,603.97 1,028,281,168.68
activities
Cash paid for goods and services 350,850,898.19 459,798,991.87
Cash paid to and for employees 108,558,106.12 68,712,747.47
Various taxes paid 355,182,616.80 370,956,513.07
Other cash payment relating to
129,647,703.00 58,203,934.92
operating activities
Subtotal of cash outflows from
944,239,324.11 957,672,187.33
operating activities
Net cash flows from operating activities 346,122,279.86 70,608,981.35
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other 165,000.00 327,600.00
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
165,000.00 327,600.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 84,998,193.16 156,932,869.38
assets
Cash paid for investment 800,000,000.00 19,998,000.00
Net cash paid to acquire subsidiaries
and other business units
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
Other cash payments relating to
investing activities
Subtotal of cash outflows from
884,998,193.16 176,930,869.38
investing activities
Net cash flows from investing activities -884,833,193.16 -176,603,269.38
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
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
-538,710,913.30 -105,994,288.03
equivalents
Add: Opening balance of cash and
2,290,346,607.43 1,885,937,555.53
cash equivalents
VI. Closing balance of cash and cash
1,751,635,694.13 1,779,943,267.50
equivalents
Legal representative: Yu Lin Chief of the accounting work: Ye Changqing
Chief of the accounting organ: Xia Xueyun
II. Audit report
Is this report audited?
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Report for the First Quarter of 2013 of Anhui Gujing Distillery Co., Ltd.
□ Yes √ No
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