Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Anhui Gujing Distillery Company Limited
Report for the First Quarter of 2014
Apr. 2014
1
Report for the First Quarter of 2014 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 First Quarter of 2014 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
Jan.-Mar. 2014 Jan.-Mar. 2013 YoY increase/decrease (%)
Operating revenues (RMB Yuan) 1,487,912,219.94 1,565,277,372.69 -4.94%
Net profit attributable to shareholders of
286,719,709.12 307,616,134.93 -6.79%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 281,302,140.75 303,501,315.82 -7.31%
losses (RMB Yuan)
Net cash flows from operating activities
86,065,295.17 480,662,848.19 -82.09%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.57 0.61 -6.56%
Diluted EPS (RMB Yuan/share) 0.57 0.61 -6.56%
Weighted average ROE (%) 7.38% 8.72% -1.34%
31 Mar. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 6,130,728,601.92 5,816,934,562.27 5.39%
Net assets attributable to shareholders of
4,031,243,058.00 3,742,756,257.05 7.71%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Mar. 2014 Note
Other non-operating income and expenses than the above 7,223,424.49
Less: Income tax effects 1,805,856.12
Total 5,417,568.37 --
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
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
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
40,321
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Nature of Shareholding Number of the
Name of shareholder restricted shares Number of
shareholder percentage (%) shares held Status of shares
held shares
ANHUI GUJING
State-owned
GROUP COMPANY 53.89% 271,404,022 Pledged 114,000,000
corporation
LIMITED
AGREED
BUYBACK
Domestic non
SPECIAL
stated-owned 2.98% 15,000,000
ACCOUNT OF GF
corporation
SECURITIES CO.,
LTD.
KGI ASIA Foreign
1.63% 8,184,894
LIMITED corporation
UBS
Foreign
(LUXEMBOURG) 1.33% 6,716,286
corporation
S.A.
CHINA
MERCHANTS State-owned
1.06% 5,353,232
SECURITIES (HK) corporation
CO., LTD
Foreign
NORGES BANK 0.99% 5,005,350
corporation
GREENWOODS
Foreign
CHINA ALPHA 0.99% 4,972,503
corporation
MASTER FUND
GUOTAI JUNAN
Foreign
SECURITIES(HON 0.9% 4,512,462
corporation
GKONG) LIMITED
GOLDEN CHINA Foreign
0.73% 3,678,234
MASTER FUND corporation
3W GREATER Foreign
0.66% 3,327,479
CHINA FOCUS corporation
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
FUND
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 COMPANY RMB ordinary
271,404,022 271,404,022
LIMITED shares
AGREED BUYBACK SPECIAL
RMB ordinary
ACCOUNT OF GF SECURITIES 15,000,000 15,000,000
shares
CO., LTD.
Domestically
KGI ASIA LIMITED 8,184,894 listed foreign 8,184,894
shares
Domestically
UBS (LUXEMBOURG) S.A. 6,716,286 listed foreign 6,716,286
shares
Domestically
CHINA MERCHANTS SECURITIES
5,353,232 listed foreign 5,353,232
(HK) CO., LTD
shares
Domestically
NORGES BANK 5,005,350 listed foreign 5,005,350
shares
Domestically
GREENWOODS CHINA ALPHA
4,972,503 listed foreign 4,972,503
MASTER FUND
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 4,512,462 listed foreign 4,512,462
LIMITED shares
Domestically
GOLDEN CHINA MASTER FUND 3,678,234 listed foreign 3,678,234
shares
Domestically
3W GREATER CHINA FOCUS
3,327,479 listed foreign 3,327,479
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 relationship nor they are parties acting in concert as defined in the Administrative Measures on
or persons acting in concert among the Information Disclosure of Changes in Shareholding of Listed Companies. As for other
top 10 shareholders 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.
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
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 First Quarter of 2014 of Anhui Gujing Distillery Company Limited
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. Note receivable stood at RMB 361,116,340.37 as at 31 Mar. 2014, up 133.87% from the opening
amount, which was mainly because transactions settled in note increased during the selling season
of the Spring Festival.
2. Financial assets purchased under agreement for resale stood at RMB 146,991,981.35 as at 31 Mar.
2014, up 83.52% from the opening amount, which was mainly because more collateral Treasury
bond repo products were purchased.
3. Accounts payable stood at RMB 263,708,215.45 as at 31 Mar. 2014, down 40.46% from the
opening amount, which was mainly because of the payments for materials and engineering.
4. Accounts received in advance stood at RMB 423,264,436.49 as at 31 Mar. 2014, up 187.43%
from the opening amount, which was mainly because the orders increased during the selling season
of the Spring Festival.
5. Other payables stood at RMB 496,058,354.32 as at 31 Mar. 2014, up 32.67% from the opening
amount, which was mainly because of the engineering quality guarantee money and the distributors’
deposit money received.
6. Investment income increased significantly from last year mainly because of the gain on the
principal-guaranteed floating income wealth management products that became mature.
7. Net cash flows from operating activities stood at RMB 94,765,121.56 for the reporting period,
representing a YoY decrease of 80.28%, which was mainly because Bill settlement and payment of
taxes and fees increased due to the increase.
II. Progress and influence of significant events, as well as the analysis and explanation on solutions
The investment project of the raised funds of the Company had basically completed and in order to improve the service efficiency of
the raised funds and decrease the financial costs, the Company permanent supplemented the circulating funds with surplus raised
funds and interest of RMB 145,806,600 and kept the accrued contract accounts and the quality retention money which added up to
RMB 172,043,000 in the raised funds account and paid according to the contract. See details to the Announcement on Permanent
Supplementing the Circulating Funds with Surplus Raised Funds (No. 2014-005) disclosed on http://www.cninfo.com.cn on 28 Jan.
2014.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Announcement on Permanent
Supplementing the Circulating Funds with 28 Jan. 2014 http://www.cninfo.com.cn
Surplus Raised Funds
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
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
IV. Predict the operating results from Jan. to Jun. of 2014
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
investmen of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
t 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 26,448,35 assets Subscript
Stocks 002374 Lipeng 3,489,229 1.82% 3,489,229 1.82%
3.00 5.82 available- ion
Co., Ltd.
for-sale
25,199,99 26,448,35
Total 3,489,229 -- 3,489,229 -- -- --
3.00 5.82
Shareholdings in other listed companies
□Applicable √Inapplicable
VI. Investments in derivatives
Unit: RMB Ten thousand Yuan
Proportio
n of the
closing Actual
Related-p Type of Impairme
Initial Opening Closing investmen gain/loss
arty derivative Ending nt
Operator Relation investmen Start date investmen investmen t amount in
transactio investmen date provision
t amount t amount t amount in the reporting
n or not t (if any)
Company period
’s closing
net assets
Reverse
repurchas
No e of 0 8,000 14,570 3.61% 174.12
national
debt
Total 0 -- -- 8,000 14,570 3.61% 174.12
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Capital source for derivative investment Self-owned idle funds.
Cases involving lawsuit (if applicable) Naught
Disclosure date of the board announcement
approving the wealth management 30 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.)
Changes of market prices or fair values in
the reporting period of the invested
derivatives. And the analysis on the fair
Naught
value of the derivatives should include the
specific use methods and the relevant
assumptions and parameters.
Whether significant changes occurred to
the Company’s accounting policy and
specific accounting principles of Naught
derivatives in the reporting period
compared to the previous reporting period
Based on the sustainable development of the main business and the sufficient free idle
money, the Company increased the profits through investing in the reasonable financial
derivative instruments, which was in favor of improving the service efficiency of the
idle funds; in order to reduce the investment risks of the financial derivative
instruments, the Company had set up corresponding supervision mechanism for the
Specific opinion from independent
financial derivative instrument business and formulated reasonable accounting policy
directors on the Company’s derivatives
as well as specific principles of financial accounting; the derivative Investment
investment and risk control
business developed separately took national debts as mortgage object, which was met
with the cautious and steady risks management principle and the interest of the
Company and shareholders. Therefore, agreed the Company to develop the derivative
Investment business of reverse repurchase of national debt not more than the limit of
RMB 0.3 billion.
VII. Researches, visits and interviews received in the reporting period
Naught
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Report for the First Quarter of 2014 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 1,411,162,159.94 1,381,930,710.96
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 361,116,340.37 154,408,425.31
Accounts receivable 5,090,857.39 6,374,469.99
Accounts paid in advance 99,648,312.83 90,217,698.50
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 14,234,564.01
Dividend receivable
Other accounts receivable 8,624,071.85 6,296,326.20
Financial assets purchased under
146,991,981.35 80,093,922.21
agreements to resell
Inventories 1,117,114,278.98 1,075,033,137.30
Non-current assets due within 1 year
Other current assets 800,000,000.00 900,000,000.00
Total current assets 3,963,982,566.72 3,694,354,690.47
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 26,448,355.82 24,075,687.00
Held-to-maturity investments
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Long-term accounts receivable
Long-term equity investment
Investing property 34,435,471.88 35,188,079.66
Fixed assets 1,262,071,834.27 1,266,481,752.59
Construction in progress 425,190,616.22 377,338,939.54
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 313,039,412.82 315,224,921.54
R&D expense
Goodwill
Long-term deferred expenses 62,609,594.82 60,898,594.60
Deferred income tax assets 42,950,749.37 43,371,896.87
Other non-current assets
Total of non-current assets 2,166,746,035.20 2,122,579,871.80
Total assets 6,130,728,601.92 5,816,934,562.27
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 229,600,000.00 235,770,000.00
Accounts payable 263,708,215.45 442,935,399.44
Accounts received in advance 423,264,436.49 147,257,393.88
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 204,714,907.32 231,343,202.17
Tax payable 438,088,790.95 599,513,448.19
Interest payable
Dividend payable
Other accounts payable 496,058,354.32 373,903,452.51
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Report for the First Quarter of 2014 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 2,437,571.29 3,112,595.04
Total current liabilities 2,057,872,275.82 2,033,835,491.23
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 307,954.11
Other non-current liabilities 41,305,313.99 40,342,813.99
Total non-current liabilities 41,613,268.10 40,342,813.99
Total liabilities 2,099,485,543.92 2,074,178,305.22
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,295,862,355.52 1,294,095,263.69
Less: Treasury stock
Specific reserves
Surplus reserves 256,902,260.27 256,902,260.27
Provisions for general risks
Retained profits 1,974,878,442.21 1,688,158,733.09
Foreign exchange difference
Total equity attributable to owners of
4,031,243,058.00 3,742,756,257.05
the Company
Minority interests
Total owners’ (or shareholders’) equity 4,031,243,058.00 3,742,756,257.05
Total liabilities and owners’ (or
6,130,728,601.92 5,816,934,562.27
shareholders’) equity
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Report for the First Quarter of 2014 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 1,113,886,362.58 1,040,360,357.51
Transactional financial assets
Notes receivable 296,809,872.97 81,472,414.44
Accounts receivable 728,482.75 1,297,542.13
Accounts paid in advance 2,163,766.95 1,288,277.31
Interest receivable 13,387,022.37
Dividend receivable
Other accounts receivable 136,936,956.95 139,654,563.53
Financial assets purchased under
50,068,444.69 80,093,922.21
agreements to resell
Inventories 1,094,344,860.18 1,036,496,459.02
Non-current assets due within 1 year
Other current assets 800,000,000.00 900,000,000.00
Total current assets 3,508,325,769.44 3,280,663,536.15
Non-current assets:
Available-for-sale financial assets 26,415,255.95 24,075,687.00
Held-to-maturity investments
Long-term accounts receivable 4,572,641.91 4,494,950.37
Long-term equity investment 308,089,408.32 308,089,408.32
Investing property 32,372,110.04 33,124,717.82
Fixed assets 1,057,863,705.89 1,057,111,133.85
Construction in progress 425,056,521.78 377,239,903.56
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Intangible assets 196,435,869.89 197,787,553.94
R&D expense
Goodwill
Long-term deferred expenses 61,744,663.38 59,482,540.30
Deferred income tax assets 33,877,007.39 34,095,084.20
Other non-current assets
Total of non-current assets 2,146,427,184.55 2,095,500,979.36
Total assets 5,654,752,953.99 5,376,164,515.51
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 64,080,000.00 26,150,000.00
Accounts payable 267,408,300.94 437,297,694.54
Accounts received in advance 1,141,744,376.12 830,722,853.80
Employee’s compensation payable 74,831,683.98 87,936,100.97
Tax payable 177,481,235.35 205,717,464.45
Interest payable
Dividend payable
Other accounts payable 198,979,146.71 153,888,199.87
Non-current liabilities due within 1
year
Other current liabilities 2,437,571.29 3,112,595.04
Total current liabilities 1,926,962,314.39 1,744,824,908.67
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 307,954.11
Other non-current liabilities 41,305,313.99 40,342,813.99
Total non-current liabilities 41,613,268.10 40,342,813.99
Total liabilities 1,968,575,582.49 1,785,167,722.66
Owners’ equity (or shareholders’
equity)
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Paid-up capital (or share capital) 503,600,000.00 503,600,000.00
Capital reserves 1,248,085,969.68 1,246,318,877.85
Less: Treasury stock
Specific reserves
Surplus reserves 251,800,000.00 251,800,000.00
Provisions for general risks
Retained profits 1,682,691,401.82 1,589,277,915.00
Foreign exchange difference
Total owners’ (or shareholders’) equity 3,686,177,371.50 3,590,996,792.85
Total liabilities and owners’ (or
5,654,752,953.99 5,376,164,515.51
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
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Total operating revenues 1,487,912,219.94 1,565,277,372.69
Including: Sales income 1,487,912,219.94 1,565,277,372.69
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 1,154,849,999.33 1,159,095,006.30
Including: Cost of sales 455,451,105.57 482,917,022.51
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 First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Reinsurance premium
Taxes and associate charges 197,959,213.47 209,755,407.82
Selling and distribution expenses 404,375,207.36 386,431,488.54
Administrative expenses 116,440,197.22 100,071,801.00
Financial expenses -18,993,224.29 -20,056,073.57
Asset impairment loss -382,500.00 -24,640.00
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
45,037,065.12
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 378,099,285.73 406,182,366.39
Add: non-operating income 7,265,292.98 5,835,057.09
Less: non-operating expense 41,868.49 348,631.61
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 385,322,710.22 411,668,791.87
Less: Income tax expense 98,603,001.10 104,052,656.94
V. Net profit (“-” means loss) 286,719,709.12 307,616,134.93
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
286,719,709.12 307,616,134.93
Company
Minority shareholders’ income
VI. Earnings per share -- --
(I) Basic earnings per share 0.57 0.61
(II) Diluted earnings per share 0.57 0.61
VII. Other comprehensive incomes 1,767,091.83 -2,093,537.88
VIII. Total comprehensive incomes 288,486,800.95 305,522,597.05
Attributable to owners of the
288,486,800.95 305,522,597.05
Company
Attributable to minority
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Report for the First Quarter of 2014 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
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Total sales 809,988,872.82 839,278,390.70
Less: cost of sales 450,556,867.79 487,414,620.12
Business taxes and surcharges 187,738,998.40 196,323,945.55
Distribution expenses 24,329,048.78 39,734,703.56
Administrative expenses 81,246,671.59 73,671,065.97
Financial costs -10,632,642.28 -19,764,155.40
Impairment loss -382,500.00 -24,640.00
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
44,574,060.41
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 121,706,488.95 61,922,850.90
Add: non-business income 3,290,713.17 2,431,917.33
Less: non-business expense 6,690.36 6,189.10
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 124,990,511.76 64,348,579.13
Less: income tax expense 31,577,024.94 17,098,064.08
IV. Net profit (“-” means loss) 93,413,486.82 47,250,515.05
V. Earnings per share -- --
(I) Basic earnings per share 0.19 0.09
(II) Diluted earnings per share 0.19 0.09
VI. Other comprehensive income 1,767,091.83 -2,093,537.88
VII. Total comprehensive income 95,180,578.65 45,156,977.17
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Report for the First Quarter of 2014 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 cash flow statement
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sale of
1,541,321,836.38 1,524,683,964.14
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 590,000.00
Other cash received relating to
65,699,727.82 336,973,131.09
operating activities
Subtotal of cash inflows from operating
1,607,611,564.20 1,861,657,095.23
activities
Cash paid for goods and services 399,138,618.24 396,576,428.84
Net increase of customer lendings
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
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 248,978,562.82 192,645,644.36
Various taxes paid 640,552,635.30 549,779,709.64
Other cash payment relating to
232,876,452.67 241,992,464.20
operating activities
Subtotal of cash outflows from
1,521,546,269.03 1,380,994,247.04
operating activities
Net cash flows from operating activities 86,065,295.17 480,662,848.19
II. Cash flows from investing activities:
Cash received from withdrawal of
1,040,093,922.21
investments
Cash received from return on
45,037,065.12
investments
Net cash received from disposal of
fixed assets, intangible assets and other 172,005.00 172,005.00
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
1,085,302,992.33 172,005.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 150,144,857.17 88,890,398.26
assets
Cash paid for investment 1,006,991,981.35 800,000,000.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
investing activities
Subtotal of cash outflows from
1,157,136,838.52 888,890,398.26
investing activities
Net cash flows from investing activities -71,833,846.19 -888,718,393.26
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
14,231,448.98 -408,055,545.07
equivalents
Add: Opening balance of cash and
1,306,930,710.96 2,409,650,352.09
cash equivalents
VI. Closing balance of cash and cash
1,321,162,159.94 2,001,594,807.02
equivalents
Legal representative: Yu Lin Person-in-charge of the accounting work: Ye Changqing
20
Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
Chief of the accounting division: Zhu Jiafeng
6. Cash flow statement of the Company
Prepared by Anhui Gujing Distillery Company Limited.
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sale of
812,540,040.86 1,141,102,920.50
commodities and rendering of service
Tax refunds received
Other cash received relating to
32,639,961.76 149,258,683.47
operating activities
Subtotal of cash inflows from operating
845,180,002.62 1,290,361,603.97
activities
Cash paid for goods and services 326,194,416.87 350,850,898.19
Cash paid to and for employees 137,265,071.85 108,558,106.12
Various taxes paid 297,490,863.01 355,182,616.80
Other cash payment relating to
35,974,043.84 129,647,703.00
operating activities
Subtotal of cash outflows from
796,924,395.57 944,239,324.11
operating activities
Net cash flows from operating activities 48,255,607.05 346,122,279.86
II. Cash flows from investing activities:
Cash received from retraction of
980,093,922.21
investments
Cash received from return on
44,574,060.41
investments
Net cash received from disposal of
fixed assets, intangible assets and other 24,120.00 165,000.00
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
1,024,692,102.62 165,000.00
investing activities
Cash paid to acquire fixed assets, 149,353,259.91 84,998,193.16
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Report for the First Quarter of 2014 of Anhui Gujing Distillery Company Limited
intangible assets and other long-term
assets
Cash paid for investment 850,068,444.69 800,000,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
999,421,704.60 884,998,193.16
investing activities
Net cash flows from investing activities 25,270,398.02 -884,833,193.16
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
73,526,005.07 -538,710,913.30
equivalents
Add: Opening balance of cash and
1,040,360,357.51 2,290,346,607.43
cash equivalents
VI. Closing balance of cash and cash
1,113,886,362.58 1,751,635,694.13
equivalents
22
Report for the First Quarter of 2014 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
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
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