Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary)
Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2018-017
ANHUI GUJING DISTILLERY COMPANY LIMITED
INTERIM REPORT 2018 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2018 Interim Report of Anhui Gujing Distillery Company Limited (together with its
consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of the
Company’s operating results, financial condition and future development plans, investors should carefully read the aforesaid full text,
which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the
“CSRC”).
Independent auditor’s modified opinion:
□ Applicable √ Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable √ Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable √ Not applicable
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
1. Stock Profile
Gujing Distillery, Gujing
Stock name Stock code 000596, 200596
Distillery-B
Stock exchange for stock listing Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Ye Changqing Mei Jia
Gujing Town, Bozhou City, Anhui Province, Gujing Town, Bozhou City, Anhui Province,
Office address
P.R.China P.R.China
Tel. （0558）5712231 （0558）5710057
E-mail address gjzqb@gujing.com.cn gjzqb@gujing.com.cn
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Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary)
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
H1 2018 H1 2017 Change (%)
Operating revenue (RMB) 4,783,083,895.33 3,670,127,764.59 30.32%
Net profit attributable to the listed
892,422,337.64 548,889,891.65 62.59%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional 872,348,474.12 483,955,014.12 80.25%
items (RMB)
Net cash generated from/used in operating
668,946,891.61 425,365,224.08 57.26%
activities (RMB)
Basic earnings per share (RMB/share) 1.77 1.09 62.39%
Diluted earnings per share (RMB/share) 1.77 1.09 62.39%
Weighted average return on net assets (%) 13.94% 9.86% 4.08%
30 June 2018 31 December 2017 Change (%)
Total assets (RMB) 11,210,703,795.70 10,152,862,119.05 10.42%
Net assets attributable to the listed
6,802,798,440.44 6,459,078,378.38 5.32%
company’s shareholders (RMB)
3. Shareholders and Their Holdings at Period-End
Unit: share
Number of preferred
Number of ordinary shareholders 18,171 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Number of Pledged or frozen shares
Restricted shares
shareholder shareholder percentage shares Status Shares
ANHUI
GUJING
State-owned
GROUP 53.89% 271,404,022 Pledged 114,000,000
legal person
COMPANY
LIMITED
NORGES Foreign legal
2.89% 14,554,480
BANK person
GAOLING Foreign legal
2.47% 12,446,408
FUND,L.P. person
AGRICULTUR
AL BANK OF
CHINA- E
FUND
CONSUMPTIO
Other 1.49% 7,485,278
N SECTOR
STOCK
SECURITIES
INVESTMENT
FUND
CHINA INT'L
CAPITAL Foreign legal
CORP HONG 1.46% 7,372,976
person
KONG
SECURITIES
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Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary)
LTD
UBS (LUX)
EQUITY FUND
Foreign legal
- CHINA 1.41% 7,096,361
person
OPPORTUNIT
Y (USD)
CENTRAL
HUIJIN ASSET State-owned
1.30% 6,543,600
MANAGEMEN legal person
T CO., LTD.
GREENWOOD
S CHINA
Foreign legal
ALPHA 0.98% 4,939,963
person
MASTER
FUND
UBS (LUX)
EQUITY FUND Foreign legal
0.90% 4,541,338
- GREATER person
CHINA (USD)
3W GREATER
Foreign legal
CHINA FOCUS 0.70% 3,529,479
person
FUND
Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing Group
Company Limited—is not a connected party of other shareholders; nor are they parties acting in
Connected or acting-in-concert concert as defined in the Administrative Measures on Information Disclosure of Changes in
parties among shareholders Shareholding of Listed Companies. As for the other shareholders, the Company does not know
above whether they are connected 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.
Shareholders conducting margin
N/A
trading (if any)
4. Change of Controlling Shareholder or Actual Controller in Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue before the date of
this Report’s approval or were due but could not be redeemed in full?
No.
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Gujinggong Liquor Aged Original Liquor Interim Report 2018 (Summary)
Part III Operating Performance Discussion and Analysis
1. Business Overview of Reporting Period
Is the Company subject to any disclosure requirements for special industries?
No.
In the first half of 2018, China’s economy was generally stable and further restructuring was seen. As for the liquor and spirits
industry, concentration was increasing.
Under the common efforts of the Board and all the staff, for the six months from January to June 2018, the Company recorded
operating revenue of RMB4,783 million, up 30.32% compared to the same period of last year; and a net profit attributable to the
Company as the parent of RMB892 million, representing a year-on-year growth of 62.59%. As such, the operating goals that the
Company had set for the first half of 2018 at the beginning of the year were all accomplished. To achieve that, the Company took the
following main measures in the Reporting Period: ① continuously strengthening branding with more investments to carry forward
the brand revitalization programme; ② promoting digital marketing to carry on with the “5.0” strategy; ③ reinforcing quality control,
which has resulted in higher-quality liquor and spirits; ④ stimulating endogenous driving force through better management; ⑤
strengthening safety and environmental protection management to ensure smooth operations; ⑥ enhancing system and risk
assessment to optimize business processes; and ⑦ improving corporate culture by promoting party committee-management
integration.
2. Matters Related to Financial Reporting
(1) Changes in Accounting Policies, Accounting Estimates or Measurement Methods Compared to Last
Accounting Period
□ Applicable √ Not applicable
No such changes.
(2) Retrospective Restatements due to Correction of Material Accounting Errors in Reporting Period
□ Applicable √ Not applicable
No such cases.
(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
□ Applicable √ Not applicable
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