Gujinggong Liquor Aged Original Liquor Interim Report 2019 (Summary)
Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2019-020
ANHUI GUJING DISTILLERY COMPANY LIMITED
INTERIM REPORT 2019 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2019 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 2019 (Summary)
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
H1 2019 H1 2018 Change (%)
Operating revenue (RMB) 5,988,112,999.09 4,783,083,895.33 25.19%
Net profit attributable to the listed
1,248,316,314.01 892,422,337.64 39.88%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional 1,165,870,979.10 872,348,474.12 33.65%
gains and losses (RMB)
Net cash generated from/used in operating
1,041,733,748.83 668,946,891.61 55.73%
activities (RMB)
Basic earnings per share (RMB/share) 2.48 1.77 40.11%
Diluted earnings per share (RMB/share) 2.48 1.77 40.11%
Weighted average return on equity (%) 16.71% 13.94% 2.77%
30 June 2019 31 December 2018 Change (%)
Total assets (RMB) 12,520,063,624.92 12,509,928,449.72 0.08%
Equity attributable to the listed company’s
8,094,900,338.59 7,601,984,024.58 6.48%
shareholders (RMB)
3. Shareholders and Their Holdings as at 30 June 2019
Unit: share
Number of preferred
Number of ordinary shareholders 20,504 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Number of Shares in pledge or frozen
Restricted shares
shareholder shareholder percentage shares Status Shares
ANHUI
GUJING
State-owned
GROUP 53.89% 271,404,022 In pledge 114,000,000
legal person
COMPANY
LIMITED
GAOLING Foreign legal
2.47% 12,446,408
FUND,L.P. person
AGRICULTUR
AL BANK OF
CHINA- E
FUND
CONSUMPTIO
Other 2.15% 10,838,286
N SECTOR
STOCK
SECURITIES
INVESTMENT
FUND
HONG KONG
SECURITIES
Foreign legal
CLEARING 1.75% 8,816,700
person
COMPANY
LTD.
CHINA INT'L Foreign legal
CAPITAL 1.73% 8,714,643
person
CORP HONG
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Gujinggong Liquor Aged Original Liquor Interim Report 2019 (Summary)
KONG
SECURITIES
LTD
NORGES Foreign legal
1.59% 8,027,356
BANK person
UBS (LUX)
EQUITY FUND
Foreign legal
- CHINA 1.40% 7,068,861
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 1.12% 5,657,150
person
MASTER
FUND
INDUSTRIAL
AND
COMMERCIA
L BANK OF
CHINA
LIMITED-JING
SHUN
Other 0.95% 4,774,497
GREATWALL
EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
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
Related or acting-in-concert concert as defined in the Administrative Measures on Information Disclosure of Changes in
parties among the 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 involved in
N/A
securities margin trading (if any)
4. Change of the Controlling Shareholder or the Actual Controller in the 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.
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Gujinggong Liquor Aged Original Liquor Interim Report 2019 (Summary)
6. Corporate bonds
Does the Company have any corporate bonds publicly offered on the stock exchange, which were outstanding before the date of this
Report’s approval or were due but could not be redeemed in full?
No.
Part III Operating Performance Discussion and Analysis
1. Business Overview of the Reporting Period
Is the Company subject to any industry-specific disclosure requirements?
No.
In the first half of 2019, China’s economy saw progress amid stability, with the financial condition continuously improving and the
level of interest rates maintaining a downward trend. As for the liquor and spirits industry, growth further slowed down.
Under the common efforts of the Board and all the staff, for the six months from January to June 2019, the Company recorded
operating revenue of RMB5,988 million, up 25.19% compared to the same period of last year; and a net profit attributable to the
Company as the parent of RMB1,248 million, representing a year-on-year growth of 39.88%, Net operating cash flow was 1.042
billion , an increase of 55.73% over the same period last year.. As such, the operating goals that the Company had set for the first half
of 2019 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 for smarter corporate management;③ proactively exploring internal innovation
mechanism to build “small-and-micro platforms” and profit centres; ④ enhancing safety and environmental management to ensure
safe, smooth and orderly production; ⑤ improving corporate culture by promoting party committee-management integration.
2. Matters Related to Financial Reporting
(1) Changes to Accounting Policies, Accounting Estimates or Measurement Methods Compared to the Last
Accounting Period
√ Applicable □ Not applicable
Contents of changes in accounting policies
Approval procedures Note
and reasons thereof
The Ministry of Finance issued the Notice
on Revising and Issuing of Formats of
2019 Financial Statements for General
Enterprises (CK[2019]No.6) (hereinafter
referred to as “Revising Notice”) on 30
th For details, please refer to the
April 2019, in which the formats of Reviewed and approved on the 10 announcement on changes in accounting
th
financial statements for general enterprises Meeting of the 8 Board of Directors and policies disclosed on
th th
are revised and non-financial enterprises the 9 Meeting of the 8 Supervisory http://www.cninfo.com.cn
carrying out accounting standards for Committee
business enterprises are required to prepare
the financial statements for 2019, H1 of
2019 and subsequent periods in accordance
with provisions stipulated in accounting
standards for business enterprises and the
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Gujinggong Liquor Aged Original Liquor Interim Report 2019 (Summary)
Revising Notice. The Company belongs to
the company that has implemented the new
standards governing financial instruments
but not carried out the new standards
governing revenue and new standards
governing leases. The Company adjusted
the formats of financial statements and
presentation of some items as required by
the Revising Notice.
(2) Retrospective Restatements due to the Correction of Material Accounting Errors in the Reporting
Period
□ Applicable √ Not applicable
No such cases.
(3) Changes to the Scope of Consolidated Financial Statements Compared to the Last Accounting Period
√ Applicable □ Not applicable
Principal The Company’s interest (%)
Name of Place of How the subsidiary was
place of Business nature
subsidiary registration Direct Indirect obtained
business
Hubei Yellow
Crane Tower Xianning, Xianning, Commerce and Incorporated with
51.00
Beverage Hubei Hubei trade investment
Co., Ltd.
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