Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Anhui Gujing Distillery Company Limited
Report for the Third Quarter of 2013
October 2013
1
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Anhui Gujing Distillery Company Limited (hereinafter referred to as “the
Company”) warrant that this report is factual, accurate and complete without any false record,
misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Yu Lin, company principal, Ye Changqing, chief of the accounting work, and Zhu Jiafeng, chief of
the accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in
this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 5,524,204,639.41 5,308,127,471.04 4.07%
Net assets attributable to
shareholders of the Company 3,601,024,098.22 3,375,488,108.64 6.68%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 1,046,157,135.98 1.5% 3,353,111,813.37 2.9%
Net profit attributable to
shareholders of the Company 103,106,785.70 -11.44% 478,859,618.81 -9.67%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
100,001,484.04 -11.83% 466,796,009.44 -10.51%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 545,432,059.50 -48.23%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.2 -13.04% 0.95 -9.52%
Diluted EPS (RMB Yuan/share) 0.2 -13.04% 0.95 -9.52%
Weighted average ROE (%) 2.91% -0.82% 13.73% -4.12%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the
-878,614.70
offset part of asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
1,778,858.99
certain quotas or amounts according to the country’s unified
standards
Other non-operating income and expenses than the above 14,129,110.28
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Other gain/loss items that meet the definition of an extraordinary
1,055,457.92
gain/loss
Less: Income tax effects 4,021,203.12
Total 12,063,609.37 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
41,114
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
ANHUI GUJING
GROUP State-owned
53.89% 271,404,022 Pledged 114,000,000
COMPANY corporation
LIMITED
AGREED
BUYBACK
SPECIAL
Other 2.98% 15,000,000
ACCOUNT OF
GF SECURITIES
CO., LTD.
KGI ASIA Foreign
1.62% 8,174,894
LIMITED corporation
UBS
Foreign
(LUXEMBOUR 1.47% 7,386,523
corporation
G) S.A.
CHINA
MERCHANTS State-owned
1.09% 5,488,300
SECURITIES corporation
(HK) CO., LTD
GOLDEN
Foreign 0.73% 3,678,234
CHINA
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
MASTER FUND corporation
GREENWOODS
Foreign
CHINA ALPHA 0.67% 3,368,580
corporation
MASTER FUND
GUOTAI
JUNAN
Foreign
SECURITIES(H 0.52% 2,639,807
corporation
ONGKONG)
LIMITED
BBH A/C
VANGUARD
EMERGING Foreign
0.47% 2,382,149
MARKETS corporation
STOCK INDEX
FUND
SHANGHAI
KAISIYI
CAPITAL Other 0.45% 2,271,733
MANAGEMENT
L.P.
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
ANHUI GUJING GROUP RMB ordinary
271,404,022
COMPANY LIMITED shares
AGREED BUYBACK SPECIAL
RMB ordinary
ACCOUNT OF GF SECURITIES 15,000,000
shares
CO., LTD.
Domestically
KGI ASIA LIMITED 8,174,894 listed foreign
shares
Domestically
UBS (LUXEMBOURG) S.A. 7,386,523 listed foreign
shares
Domestically
CHINA MERCHANTS
5,488,300 listed foreign
SECURITIES (HK) CO., LTD
shares
Domestically
GOLDEN CHINA MASTER FUND 3,678,234 listed foreign
shares
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Domestically
GREENWOODS CHINA ALPHA
3,368,580 listed foreign
MASTER FUND
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 2,639,807 listed foreign
LIMITED shares
BBH A/C VANGUARD Domestically
EMERGING MARKETS STOCK 2,382,149 listed foreign
INDEX FUND shares
SHANGHAI KAISIYI CAPITAL RMB ordinary
2,271,733
MANAGEMENT L.P. 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.
Shareholders taking part in margin
financing and securities lending (if Inapplicable
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
√ Yes □ No
The shareholder of the agreed buyback special account of GF Securities Co., Ltd. was Puning Xinhong Industrial
Investment Co., Ltd. The number of shares and the proportion involved in the agreed buy-tack at the beginning of
the reporting period were the same with those at the end of the reporting period, i.e. 15,000,000 shares, a stake of
2.98%.
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Notes receivable stood at RMB 229,165,139.72 on 30 Sept. 2013, up 46.48% over the opening amount, which was
mainly because more notes were adopted for receivables on sales.
Interest receivable stood at RMB 10,726,495.95 on 30 Sept. 2013, up 47.87% over the opening amount, which
was mainly because more monetary funds were transferred into term savings in banks.
Long-term deferred expenses stood at RMB 48,031,926.84 on 30 Sept. 2013, up 55.14% over the opening amount,
which was mainly because of the engineering alternation and decoration expense of the raised-funds-invested
projects.
Accounts received in advance stood at RMB 336,624,625.67 on 30 Sept. 2013, up 193.71% over the opening
amount, which was mainly because the Company received more orders during Mid-autumn Festival.
Payroll payable stood at RMB 71,143,580.00 on 30 Sept. 2013, down 60.19% over the opening amount, which
was mainly because the performance appraisal salaries for last year were paid in the current period.
Monetary funds stood at RMB 975,337,005.33 on 30 Sept. 2013, down 62.63% over the opening amount, which
was mainly because the Company bought financial assets with its self-owned funds.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
Accumulative
Budgetary Payment
input at the
Raised-funds-invested input (RMB progress at Changed
period-end Remark
project Ten the or not?
(RMB Ten
thousand) period-end
thousand)
Technological
The actual construction progress of the
Transform on the
Brewage of 12,194.42 8,411.87 68.98% No project is ahead of the payment
High-quality Base
progress.
Wine
Construction of Base The actual construction progress of the
Wine Blending &
65,921.06 48,391.88 73.41% No project is ahead of the payment
Filling Centre and
Ancillary Facilities progress.
The actual construction progress of the
Construction of
27,500.00 15,108.75 54.94% No project is ahead of the payment
Marketing Network
progress.
Construction of Brand
17,000.00 17,000.00 100.00% No Project completed
Promotion
The actual construction progress of the
Total 122,615.48 88,912.50 72.51% No project is ahead of the payment
progress.
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Raised-funds-invested projects of the Company 29 Oct. 2010 http://www.cninfo.com.cn
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
Naught
IV. Predict the 2013 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. Securities investment
Sharehold Sharehold
Initial Number Number Closing Gain/loss
ing ing
investme of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
nt cost held at held at value period
securities securities securities e at e at ng title stock
(RMB period-be period-en (RMB (RMB
period-be period-en
Yuan) gin d Yuan) Yuan)
gin d
Financial
Shandong
25,199,99 25,959,87 assets Subscript
Stocks 002374 Lipeng 1,938,461 1.82% 3,489,230 1.82% 0.00
3.00 1.20 available- ion
Co., Ltd.
for-sale
25,199,99 25,959,87
Total 1,938,461 -- 3,489,230 -- 0.00 -- --
3.00 1.20
Shareholdings in other listed companies
□Applicable √Inapplicable
VI. Investments in derivatives
Unit: RMB Ten thousand Yuan
Proportio
n of the Actual
Related-p Type of Impairme
Initial Opening Closing closing gain/loss
arty derivative Ending nt
Operator Relation investmen Start date investmen investmen investmen in
transactio investmen date provision
t amount t amount t amount t amount reporting
n or not t (if any)
in the period
Company
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
’s closing
net assets
(%)
Reverse
repurchas
The
No e of 21,040.6 5.84% 47.39
Company
national
debt
Total 0 -- -- 0 21,040.6 5.84% 47.39
Capital source for derivative investment Self-owned idle funds.
Disclosure date of the board announcement
approving the wealth management 28 Aug. 2013
entrustment (if any)
Disclosure date of the general meeting
announcement approving the wealth
management entrustment (if any)
Analysis on risks and control measures of
derivative products held in the reporting
The Company had controlled the relevant risks strictly according to the Derivatives
period (including but not limited to market
Investment Management System.
risk, liquidity risk, credit risk, operation
risk, law risk, etc.)
VII. Researches, visits and interviews received in the reporting period
Naught.
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 975,337,005.33 2,609,650,352.09
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 229,165,139.72 156,449,495.65
Accounts receivable 9,263,950.14 7,887,007.25
Accounts paid in advance 78,874,262.56 85,305,973.47
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 10,726,495.95 7,253,858.34
Dividend receivable
Other accounts receivable 25,138,937.08 21,559,146.98
Financial assets purchased under
210,405,982.79
agreements to resell
Inventories 947,388,977.99 782,399,498.85
Non-current assets due within 1 year
Other current assets 1,200,000,000.00
Total current assets 3,686,300,751.56 3,670,505,332.63
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 25,959,871.20 27,991,376.84
Held-to-maturity investments
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Long-term accounts receivable
Long-term equity investment
Investing property 29,354,835.02 31,451,269.49
Fixed assets 914,940,450.61 783,740,205.15
Construction in progress 507,794,786.55 423,672,281.54
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 291,091,705.84 320,716,225.67
R&D expense
Goodwill
Long-term deferred expenses 48,031,926.84 30,959,542.67
Deferred income tax assets 20,730,311.79 19,091,237.05
Other non-current assets
Total of non-current assets 1,837,903,887.85 1,637,622,138.41
Total assets 5,524,204,639.41 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 186,170,000.00 224,460,000.00
Accounts payable 461,369,390.99 461,112,575.26
Accounts received in advance 336,624,625.67 114,610,235.81
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 71,143,580.00 178,726,582.68
Tax payable 495,904,563.52 645,410,021.57
Interest payable
Dividend payable
Other accounts payable 353,935,275.90 297,098,777.98
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
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 530,062.53 2,120,250.11
Total current liabilities 1,905,677,498.61 1,923,538,443.41
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 189,969.55 697,845.96
Other non-current liabilities 17,313,073.03 8,403,073.03
Total non-current liabilities 17,503,042.58 9,100,918.99
Total liabilities 1,923,180,541.19 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 1,295,508,401.84 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 1,583,178,731.65 1,356,119,112.84
Foreign exchange difference
Total equity attributable to owners of
3,601,024,098.22 3,375,488,108.64
the Company
Minority interests
Total owners’ (or shareholders’) equity 3,601,024,098.22 3,375,488,108.64
Total liabilities and owners’ (or
5,524,204,639.41 5,308,127,471.04
shareholders’) equity
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
2. Balance sheet of the Company
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 726,135,787.66 2,390,346,607.43
Transactional financial assets
Notes receivable 185,598,299.60 139,414,615.95
Accounts receivable 1,009,396.02 1,293,202.89
Accounts paid in advance 26,590,339.32 1,151,359.52
Interest receivable 8,878,940.11 6,129,902.78
Dividend receivable
Other accounts receivable 146,583,647.35 161,967,822.69
Financial assets purchased under
210,405,982.79
agreements to resell
Inventories 887,945,398.87 748,777,364.57
Non-current assets due within 1 year
Other current assets 1,200,000,000.00
Total current assets 3,393,147,791.72 3,449,080,875.83
Non-current assets:
Available-for-sale financial assets 25,959,871.20 27,991,376.84
Held-to-maturity investments
Long-term accounts receivable 4,415,200.50 4,172,166.85
Long-term equity investment 258,089,408.32 258,089,408.32
Investing property 27,823,407.12 29,814,360.87
Fixed assets 708,414,663.70 562,993,821.32
Construction in progress 507,747,280.47 423,672,281.54
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Intangible assets 172,899,679.21 200,084,457.08
R&D expense
Goodwill
Long-term deferred expenses 46,064,749.68 27,338,996.93
Deferred income tax assets 20,432,378.06 18,496,292.51
Other non-current assets
Total of non-current assets 1,771,846,638.26 1,552,653,162.26
Total assets 5,164,994,429.98 5,001,734,038.09
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 11,300,000.00 80,000,000.00
Accounts payable 347,678,547.42 446,890,857.97
Accounts received in advance 1,395,239,390.16 714,794,965.38
Employee’s compensation payable 53,767,862.72 79,627,703.42
Tax payable 148,403,204.17 314,625,057.22
Interest payable
Dividend payable
Other accounts payable 169,320,473.32 168,504,557.80
Non-current liabilities due within 1
year
Other current liabilities 499,711.26 1,998,845.04
Total current liabilities 2,126,209,189.05 1,806,441,986.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 189,969.55 697,845.96
Other non-current liabilities 17,313,073.03 8,403,073.03
Total non-current liabilities 17,503,042.58 9,100,918.99
Total liabilities 2,143,712,231.63 1,815,542,905.82
Owners’ equity (or shareholders’
equity)
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,247,732,016.00 1,249,255,645.23
Less: Treasury stock
Specific reserves
Surplus reserves 213,634,704.46 213,634,704.46
Provisions for general risks
Retained profits 1,056,315,477.89 1,219,700,782.58
Foreign exchange difference
Total owners’ (or shareholders’) equity 3,021,282,198.35 3,186,191,132.27
Total liabilities and owners’ (or
5,164,994,429.98 5,001,734,038.09
shareholders’) equity
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
3. Consolidated income statement for the reporting period
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 1,046,157,135.98 1,030,683,382.87
Including: Sales income 1,046,157,135.98 1,030,683,382.87
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 909,250,101.29 862,969,066.26
Including: Cost of sales 324,553,534.61 304,228,669.45
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Reinsurance premium
Taxes and associate charges 137,196,214.96 170,017,608.58
Selling and distribution expenses 342,312,547.08 317,103,862.57
Administrative expenses 114,680,378.98 88,363,822.15
Financial expenses -9,210,551.04 -16,744,896.49
Asset impairment loss -282,023.30
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) 136,907,034.69 167,714,316.61
Add: non-operating income 6,502,068.46 5,816,420.16
Less: non-operating expense 2,361,666.25 1,814,838.62
Including: loss from non-current asset
151,308.93
disposal
IV. Total profit (“-” means loss) 141,047,436.90 171,715,898.15
Less: Income tax expense 37,940,651.20 55,295,363.73
V. Net profit (“-” means loss) 103,106,785.70 116,420,534.42
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
103,106,785.70 116,420,534.42
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.2 0.23
(II) Diluted earnings per share 0.2 0.23
Ⅶ. Other comprehensive incomes 3,375,830.02
Ⅷ. Total comprehensive incomes 106,482,615.72 116,420,534.42
Attributable to owners of the
106,482,615.72 116,420,534.42
Company
Attributable to minority
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
shareholders
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
4. Income statement of the Company for the reporting period
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 561,617,653.51 624,677,853.42
Less: cost of sales 321,970,928.82 322,711,589.29
Business taxes and surcharges 128,182,457.70 164,042,003.99
Distribution expenses 13,646,642.80 34,170,835.60
Administrative expenses 65,225,180.40 63,159,270.72
Financial costs -8,302,643.58 -22,347,026.92
Impairment loss -282,023.30
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) 41,177,110.67 62,941,180.74
Add: non-business income 3,439,793.31 3,931,109.75
Less: non-business expense 1,859,005.50 412,312.36
Including: loss from non-current asset
1,786.53
disposal
III. Total profit (“-” means loss) 42,757,898.48 66,459,978.13
Less: income tax expense 13,671,145.28 23,083,726.48
IV. Net profit (“-” means loss) 29,086,753.20 43,376,251.65
V. Earnings per share -- --
(I) Basic earnings per share 0.06 0.09
(II) Diluted earnings per share 0.06 0.09
VI. Other comprehensive income 3,375,830.02
VII. Total comprehensive income 32,462,583.22 43,376,251.65
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 3,353,111,813.37 3,258,492,585.56
Including: Sales income 3,353,111,813.37 3,258,492,585.56
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 2,719,001,025.40 2,542,363,663.32
Including: Cost of sales 1,051,074,991.50 877,428,024.58
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 457,583,278.05 533,864,893.33
Selling and distribution expenses 960,062,290.93 918,406,143.71
Administrative expenses 293,209,821.60 269,938,882.65
Financial expenses -43,410,846.83 -57,274,280.95
Asset impairment loss 481,490.15
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
581,538.48
means loss)
Including: share of profits in associates
and joint ventures
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Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 634,692,326.45 716,128,922.24
Add: non-operating income 19,835,951.15 14,407,492.70
Less: non-operating expense 3,751,138.66 3,021,850.17
Including: loss from non-current asset
1,420,152.64 303,137.32
disposal
IV. Total profit (“-” means loss) 650,777,138.94 727,514,564.77
Less: Income tax expense 171,917,520.13 197,369,892.30
V. Net profit (“-” means loss) 478,859,618.81 530,144,672.47
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
478,859,618.81 530,144,672.47
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.95 1.05
(II) Diluted earnings per share 0.95 1.05
Ⅶ. Other comprehensive incomes -1,523,629.23
Ⅷ. Total comprehensive incomes 477,335,989.58 530,144,672.47
Attributable to owners of the
477,335,989.58 530,144,672.47
Company
Attributable to minority
shareholders
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 1,827,801,245.85 1,998,669,216.05
Less: cost of sales 1,053,997,615.16 875,459,663.09
Business taxes and surcharges 423,942,619.07 507,574,478.25
19
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
Distribution expenses 74,447,600.24 318,624,310.49
Administrative expenses 200,223,165.42 162,841,274.89
Financial costs -41,002,392.49 -44,242,537.24
Impairment loss 54,340.16
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
581,538.48
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 116,719,836.77 178,412,026.57
Add: non-business income 8,758,895.17 10,097,358.38
Less: non-business expense 2,891,923.40 843,791.47
Including: loss from non-current asset
972,195.15
disposal
III. Total profit (“-” means loss) 122,586,808.54 187,665,593.48
Less: income tax expense 34,172,113.23 58,234,823.59
IV. Net profit (“-” means loss) 88,414,695.31 129,430,769.89
V. Earnings per share -- --
(I) Basic earnings per share 0.18 0.26
(II) Diluted earnings per share 0.18 0.26
VI. Other comprehensive income -1,523,629.23
VII. Total comprehensive income 86,891,066.08 129,430,769.89
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
3,526,645,311.34 3,409,050,411.51
commodities and rendering of service
Net increase of deposits from
20
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
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
536,660,470.61 357,921,165.13
operating activities
Subtotal of cash inflows from operating
4,063,305,781.95 3,766,971,576.64
activities
Cash paid for goods and services 1,043,747,164.93 522,132,012.94
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 603,025,286.73 331,632,516.14
Various taxes paid 1,219,760,028.61 1,334,007,969.01
Other cash payment relating to 651,341,242.18 525,695,297.75
21
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
operating activities
Subtotal of cash outflows from
3,517,873,722.45 2,713,467,795.84
operating activities
Net cash flows from operating activities 545,432,059.50 1,053,503,780.80
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
581,538.48
investments
Net cash received from disposal of
fixed assets, intangible assets and other 502,395.20
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
473,919.44
investing activities
Subtotal of cash inflows from
1,055,457.92 502,395.20
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 318,594,881.39 404,625,371.58
assets
Cash paid for investment 1,410,405,982.79
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
1,729,000,864.18 404,625,371.58
investing activities
Net cash flows from investing activities -1,727,945,406.26 -404,122,976.38
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings
22
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
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
251,800,000.00 113,761,973.91
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
251,800,000.00 113,761,973.91
financing activities
Net cash flows from financing activities -251,800,000.00 -113,761,973.91
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-1,434,313,346.76 535,618,830.51
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
975,337,005.33 2,617,651,321.84
equivalents
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
2,167,733,288.30 2,762,599,805.09
commodities and rendering of service
Tax refunds received
Other cash received relating to 294,421,878.53 127,158,647.05
23
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
operating activities
Subtotal of cash inflows from operating
2,462,155,166.83 2,889,758,452.14
activities
Cash paid for goods and services 772,694,578.12 624,836,283.12
Cash paid to and for employees 302,820,976.80 214,308,615.90
Various taxes paid 771,960,839.49 811,152,919.55
Other cash payment relating to
207,928,290.17 225,186,781.44
operating activities
Subtotal of cash outflows from
2,055,404,684.58 1,875,484,600.01
operating activities
Net cash flows from operating activities 406,750,482.25 1,014,273,852.13
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
581,538.48
investments
Net cash received from disposal of
fixed assets, intangible assets and other 327,600.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
473,919.44
investing activities
Subtotal of cash inflows from
1,055,457.92 327,600.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 309,810,777.15 387,052,463.73
assets
Cash paid for investment 1,410,405,982.79 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
1,720,216,759.94 407,050,463.73
investing activities
Net cash flows from investing activities -1,719,161,302.02 -406,722,863.73
III. Cash Flows from Financing
Activities:
24
Report for the Third Quarter of 2013 of Anhui Gujing Distillery Company Limited
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
251,800,000.00 113,761,973.91
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
251,800,000.00 113,761,973.91
financing activities
Net cash flows from financing activities -251,800,000.00 -113,761,973.91
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-1,564,210,819.77 493,789,014.49
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
726,135,787.66 2,379,726,570.02
equivalents
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
Chief of the accounting division: Zhu Jiafeng
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
25