ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2024
October 2024
Third Quarterly Report 2024
Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2024-019
ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2024
Anhui Gujing Distillery Company Limited (hereinafter referred to as the “Company”) and all
the members of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management
of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations,
misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative, Chief Accountant, and head of the financial department (equivalent to financial manager)
hereby guarantee that the financial statements carried in this Report are truthful, accurate and complete.
3. Indicate by tick mark whether the financial statements in this Report have been audited by an independent auditor.
□Yes No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□Applicable Not applicable
Q3 2024 YoY change (%) Q1-Q3 2024 YoY change (%)
Operating revenue
5,262,915,448.33 13.36% 19,068,608,990.68 19.53%
(RMB)
Net profit attributable
to the listed company’s 1,173,702,231.04 13.60% 4,746,493,826.19 24.49%
shareholders (RMB)
Net profit attributable
to the listed company’s
shareholders before 1,159,067,061.02 14.52% 4,699,607,967.69 25.55%
exceptional gains and
losses (RMB)
—
Net cash generated
from/used in operating — 5,344,200,057.86 -6.56%
activities (RMB)
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Third Quarterly Report 2024
Basic earnings per
2.22 13.85% 8.98 24.55%
share (RMB/share)
Diluted earnings per
2.22 13.85% 8.98 24.55%
share (RMB/share)
Weighted average
5.04% -0.07% 20.54% 1.87%
return on equity (%)
30 September 2024 31 December 2023 Change (%)
Total assets (RMB) 37,854,450,331.42 35,420,907,274.99 6.87%
Equity attributable to
the listed company’s 23,894,550,278.19 21,525,309,609.44 11.01%
shareholders (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss on disposal of
non-current assets (inclusive
-3,013,981.32 -5,003,819.81
of impairment allowance
write-offs)
Government grants through
profit or loss (exclusive of
government grants
continuously given in the
Company’s ordinary course of 14,958,322.84 38,579,969.04
business at fixed quotas or
amounts as per the
government’s policies and
standards)
Gain or loss on fair-value
changes in financial assets and
liabilities held by a
non-financial enterprise, as
well as on disposal of financial
200,664.41 1,602,099.81
assets and liabilities (exclusive
of the effective portion of
hedges that is related to the
Company's normal business
operations)
Non-operating income and
11,511,901.76 39,122,853.89
expense other than the above
Less: Income tax effects 5,870,465.36 18,212,684.98
Non-controlling interests
3,151,272.31 9,202,559.45
effects (net of tax)
Total 14,635,170.02 46,885,858.50 --
Other items that meet the definition of exceptional gain/loss:
□Applicable Not applicable
No such cases in the Reporting Period.
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Third Quarterly Report 2024
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation
Applicable □ Not applicable
Unit: RMB
Balance sheet items 30 September 2024 1 January 2024 Change (%) Main reason for change
Held-for-trading Disinvestment in wealth management products
50,200,664.41 719,987,547.42 -93.03%
financial assets upon maturity.
The main reason is that the theme hotel has
Long-term prepaid reached the state of use, and the decoration
342,642,464.59 59,102,583.98 479.74%
expense expenses have been converted into long-term
deferred expenses.
Redemption of issued bank acceptance bills upon
Notes payable 553,311,293.65 1,353,187,723.44 -59.11%
maturity.
Contract liabilities 1,935,545,492.86 1,401,122,249.53 38.14% Increased sales orders.
Other current
1,892,786,562.14 1,132,018,451.10 67.20% Increase in unverified expenses.
liabilities
Income statement
Q1-Q3 2024 Q1-Q3 2023 Change (%) Main reason for change
items
Finance costs -306,210,655.53 -163,786,161.13 -86.96% Increased interest income.
Gain on changes in Decreased purchases of wealth management
200,664.41 30,454,851.54 -99.34%
fair value products in the current period.
Non-operating
11,263,819.25 25,617,256.03 -56.03% Decreased donation expenditures.
expense
Cash flow statement
Q1-Q3 2024 Q1-Q3 2023 Change (%) Main reason for change
items
Cash generated from
other operating 1,979,480,373.63 1,219,982,214.13 62.25% Recovery of restricted funds upon maturity.
activities
Cash used in other The main reason is the increase in operating
2,875,409,885.79 1,960,641,541.23 46.66%
operating activities expenses related to expenses.
Proceeds from Decreased disinvestment in wealth management
725,199,000.00 1,830,098,239.02 -60.37%
disinvestment products upon maturity.
Return on investment 22,301,834.45 50,105,869.81 -55.49% Decreased gains on wealth management products.
Payments for Decreased purchases of wealth management
50,000,000.00 765,000,000.00 -93.46%
investments products.
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Third Quarterly Report 2024
Capital contributions The main reason is that the subsidiary received
26,000,000.00 4,000,000.00 550.00%
received capital contributions from minority shareholders.
Interest and dividends
2,458,341,671.66 1,594,882,967.48 54.14% Increased dividend payout.
paid
Net increase in cash
1,738,112,822.62 3,553,023,620.39 -51.08% Increased dividend payout.
and cash equivalents
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preference
Number of ordinary shareholders 38,101 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Nature of Shareholding Restricted Shares in pledge, marked or frozen
Name of shareholder Total shares held
shareholder percentage shares held Status Shares
ANHUI GUJING
State-owned
GROUP COMPANY 51.34% 271,404,022 In pledge 30,000,000
legal person
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS CHINA
SECURITIES BAIJIU
Other 2.53% 13,383,165 N/A
INDEX
CLASSIFICATION
SECURITIES
INVESTMENT FUND
INDUSTRIAL AND
COMMERCIAL
BANK OF CHINA
LIMITED- INVESCO
GREAT WALL Other 1.82% 9,621,200 N/A
EMERGING
GROWTH HYBRID
SECURITIES
INVESTMENT FUND
CHINA
INTERNATIONAL Foreign legal
1.69% 8,915,263 N/A
CAPITAL person
CORPORATION
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Third Quarterly Report 2024
HONG KONG
SECURITIES LTD
AGRICULTURAL
BANK OF CHINA－E
FUND
CONSUMPTION Other 1.51% 7,978,008 N/A
SECTOR STOCK
SECURITIES
INVESTMENT FUND
HONG KONG
SECURITIES Foreign legal
1.33% 7,045,406 N/A
CLEARING person
COMPANY LTD.
UBS (LUX) EQUITY
FUND - CHINA Foreign legal
1.32% 6,958,745 N/A
OPPORTUNITY person
(USD)
GREENWOODS
Foreign legal
CHINA ALPHA 1.14% 6,049,760 N/A
person
MASTER FUND
BANK OF CHINA-
INVESCO GREAT
WALL DINGYI
HYBRID Other 0.85% 4,500,000 N/A
SECURITIES
INVESTMENT FUND
(LOF)
Foreign legal
3W GLOBAL FUND 0.77% 4,051,528 N/A
person
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted ordinary shares held
Class Shares
RMB-denom
ANHUI GUJING GROUP COMPANY inated
271,404,022 271,404,022
LIMITED ordinary
share
BANK OF CHINA-CHINA RMB-denom
MERCHANTS CHINA SECURITIES inated
13,383,165 13,383,165
BAIJIU INDEX CLASSIFICATION ordinary
SECURITIES INVESTMENT FUND share
INDUSTRIAL AND COMMERCIAL 9,621,200 RMB-denom 9,621,200
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Third Quarterly Report 2024
BANK OF CHINA LIMITED- inated
INVESCO GREAT WALL ordinary
EMERGING GROWTH HYBRID share
SECURITIES INVESTMENT FUND
CHINA INTERNATIONAL CAPITAL Domestically
CORPORATION HONG KONG 8,915,263 listed foreign 8,915,263
SECURITIES LTD share
AGRICULTURAL BANK OF CHINA RMB-denom
－E FUND CONSUMPTION inated
7,978,008 7,978,008
SECTOR STOCK SECURITIES ordinary
INVESTMENT FUND share
RMB-denom
HONG KONG SECURITIES inated
7,045,406 7,045,406
CLEARING COMPANY LTD. ordinary
share
Domestically
UBS (LUX) EQUITY FUND - CHINA
6,958,745 listed foreign 6,958,745
OPPORTUNITY (USD)
share
Domestically
GREENWOODS CHINA ALPHA
6,049,760 listed foreign 6,049,760
MASTER FUND
share
BANK OF CHINA- INVESCO RMB-denom
GREAT WALL DINGYI HYBRID inated
4,500,000 4,500,000
SECURITIES INVESTMENT FUND ordinary
(LOF) share
Domestically
3W GLOBAL FUND 4,051,528 listed foreign 4,051,528
share
Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing
Group Company Limited—is not a related party of other shareholders; nor are they parties
acting in concert as defined in the Administrative Measures on Information Disclosure of
Related or acting-in-concert parties
Changes in Shareholding of Listed Companies. As for the other shareholders, the Company
among the shareholders above
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.
Top 10 shareholders engaged in
Not applicable.
securities margin trading (if any)
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Applicable □ Not applicable
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Full name of Shares in the common Shares lent in Shares in the common Shares lent in
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Third Quarterly Report 2024
shareholder account and credit refinancing and not yet account and credit refinancing and not yet
account at the returned at the account at the period-end returned at the
period-begin period-begin period-end
As % of As % of As % of As % of
Total Total Total Total
total share total share total share total share
shares shares shares shares
capital capital capital capital
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES
12,814,455 2.42% 43,000 0.0081% 13,383,165 2.53% 0 0.00%
BAIJIU INDEX
CLASSIFICATION
SECURITIES
INVESTMENT
FUND
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior
period
□Applicable Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable Not applicable
III Other Significant Events
□Applicable Not applicable
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Anhui Gujing Distillery Company Limited
30 September 2024
Unit: RMB
Item 30 September 2024 1 January 2024
Current assets:
Monetary assets 16,903,911,302.02 15,966,371,744.19
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 50,200,664.41 719,987,547.42
Derivative financial assets
Notes receivable
Accounts receivable 71,131,178.40 68,607,919.27
Receivables financing 1,152,646,851.15 957,560,115.73
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Third Quarterly Report 2024
Prepayments 151,379,088.76 91,607,342.18
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 45,449,322.59 49,178,194.70
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 7,998,847,138.36 7,519,682,536.51
Including: Data resource
Contract assets
Assets held for sale
Current portion of non-current assets
Other current assets 107,650,658.95 135,071,255.36
Total current assets 26,481,216,204.64 25,508,066,655.36
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 10,166,100.46 10,367,078.26
Investments in other equity
71,247,359.27 63,105,658.07
instruments
Other non-current financial assets
Investment property 43,630,441.43 46,622,910.19
Fixed assets 6,374,948,399.18 4,596,044,056.92
Construction in progress 2,134,801,435.29 2,910,735,155.39
Productive living assets
Oil and gas assets
Right-of-use assets 103,337,612.14 81,038,100.24
Intangible assets 1,131,820,258.83 1,123,186,836.65
Including: Data resource
Development costs
Including: Data resource
Goodwill 561,364,385.01 561,364,385.01
Long-term prepaid expense 342,642,464.59 59,102,583.98
Deferred income tax assets 594,863,184.58 455,588,567.46
Other non-current assets 4,412,486.00 5,685,287.46
Total non-current assets 11,373,234,126.78 9,912,840,619.63
Total assets 37,854,450,331.42 35,420,907,274.99
Current liabilities:
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Third Quarterly Report 2024
Short-term borrowings 70,014,544.52 0.00
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 553,311,293.65 1,353,187,723.44
Accounts payable 2,547,190,695.13 2,814,192,071.24
Advances from customers
Contract liabilities 1,935,545,492.86 1,401,122,249.53
Financial assets sold under
repurchase agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of
securities
Payables for underwriting of
securities
Employee benefits payable 1,030,411,776.00 1,180,605,773.29
Taxes and levies payable 1,450,287,108.93 1,179,368,855.69
Other payables 2,870,035,770.08 3,267,292,222.01
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
61,133,754.24 80,825,022.51
liabilities
Other current liabilities 1,892,786,562.14 1,132,018,451.10
Total current liabilities 12,410,716,997.55 12,408,612,368.81
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 83,400,000.00 107,106,256.94
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 86,991,461.66 68,380,767.78
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income 100,024,175.79 100,811,404.82
Deferred income tax liabilities 276,133,361.69 321,723,514.56
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Third Quarterly Report 2024
Other non-current liabilities
Total non-current liabilities 546,548,999.14 598,021,944.10
Total liabilities 12,957,265,996.69 13,006,634,312.91
Owners’ equity:
Share capital 528,600,000.00 528,600,000.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 6,224,747,667.10 6,224,747,667.10
Less: Treasury stock
Other comprehensive income 3,043,165.29 1,596,322.73
Specific reserve
Surplus reserves 269,402,260.27 269,402,260.27
General reserve
Retained earnings 16,868,757,185.53 14,500,963,359.34
Total equity attributable to owners of the
23,894,550,278.19 21,525,309,609.44
Company as the parent
Non-controlling interests 1,002,634,056.54 888,963,352.64
Total owners’ equity 24,897,184,334.73 22,414,272,962.08
Total liabilities and owners’ equity 37,854,450,331.42 35,420,907,274.99
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2024 Q1~Q3 2023
1. Revenues 19,068,608,990.68 15,952,670,483.87
Including: Operating revenue 19,068,608,990.68 15,952,670,483.87
Interest income
Insurance premium income
Fee and commission income
2. Costs and expenses 12,427,587,820.52 10,754,223,608.52
Including: Cost of sales 3,869,357,163.03 3,343,855,826.63
Interest expense
Fee and commission expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and levies 2,999,512,261.42 2,293,099,280.99
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Third Quarterly Report 2024
Selling expense 4,822,663,805.47 4,363,197,563.47
Administrative expense 990,677,306.80 872,449,543.70
Development costs 51,587,939.33 45,407,554.86
Finance costs -306,210,655.53 -163,786,161.13
Including: Interest expense 6,111,857.44 1,727,067.52
Interest income 325,087,545.79 167,923,759.11
Add: Other income 42,933,494.28 35,670,066.51
Return on investment (“-” for
-33,806,557.30 -32,592,873.01
loss)
Including: Share of profit or
-200,977.80 98,195.82
loss of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
200,664.41 30,454,851.54
for loss)
Credit impairment loss (“-” for
-407,789.08 89,755.67
loss)
Asset impairment loss (“-” for
6,573,566.64 -17,812,316.77
loss)
Asset disposal income (“-” for
132,292.33 308,674.89
loss)
3. Operating profit (“-” for loss) 6,656,646,841.44 5,214,565,034.18
Add: Non-operating income 45,300,561.00 64,536,823.91
Less: Non-operating expense 11,263,819.25 25,617,256.03
4. Gross profit (“-” for loss) 6,690,683,583.19 5,253,484,602.06
Less: Income tax expense 1,793,824,244.97 1,342,726,101.85
5. Net profit (“-” for net loss) 4,896,859,338.22 3,910,758,500.21
5.1 By operating continuity
5.1.1 Net profit from continuing
4,896,859,338.22 3,910,758,500.21
operations (“-” for net loss)
5.1.2 Net profit from
discontinued operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
shareholders of the Company as the parent 4,746,493,826.19 3,812,634,873.99
(“-” for net loss)
5.2.2 Net profit attributable to
150,365,512.03 98,123,626.22
non-controlling interests (“-” for net loss)
6. Other comprehensive income, net of tax 3,968,391.68 -6,160,008.30
Attributable to owners of the Company
1,446,842.56 -7,729,899.86
as the parent
6.1 Items that will not be reclassified 3,663,765.53 2,436,079.94
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Third Quarterly Report 2024
to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
schemes
6.1.2 Other comprehensive income
that will not be reclassified to profit or
loss under the equity method
6.1.3 Changes in the fair value of
3,663,765.53 2,436,079.94
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
-2,216,922.97 -10,165,979.80
profit or loss
6.2.1 Other comprehensive income
that will be reclassified to profit or loss
under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive income
arising from the reclassification of -2,216,922.97 -10,165,979.80
financial assets
6.2.4 Credit impairment allowance
for other debt investments
6.2.5 Reserve for cash flow hedges
6.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.7 Other
Attributable to non-controlling interests 2,521,549.12 1,569,891.56
7. Total comprehensive income 4,900,827,729.90 3,904,598,491.91
7.1 Attributable to owners of the
4,747,940,668.75 3,804,904,974.13
Company as the parent
7.2 Attributable to non-controlling
152,887,061.15 99,693,517.78
interests
8. Earnings per share
8.1 Basic earnings per share 8.98 7.21
8.2 Diluted earnings per share 8.98 7.21
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating activities:
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Third Quarterly Report 2024
Proceeds from sale of commodities and
19,705,215,506.26 17,349,755,297.26
rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, fees and commissions received
Net increase in loans from other banks
and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 26,680,241.35 27,474,101.01
Cash generated from other operating
1,979,480,373.63 1,219,982,214.13
activities
Subtotal of cash generated from operating
21,711,376,121.24 18,597,211,612.40
activities
Payments for commodities and services 3,833,390,034.85 2,744,644,703.85
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks and
financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 3,028,178,859.64 2,822,198,725.74
Taxes and levies paid 6,630,197,283.10 5,350,100,855.40
Cash used in other operating activities 2,875,409,885.79 1,960,641,541.23
Subtotal of cash used in operating
16,367,176,063.38 12,877,585,826.22
activities
Net cash generated from/used in operating
5,344,200,057.86 5,719,625,786.18
activities
2. Cash flows from investing activities:
Proceeds from disinvestment 725,199,000.00 1,830,098,239.02
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Third Quarterly Report 2024
Return on investment 22,301,834.45 50,105,869.81
Net proceeds from the disposal of fixed
assets, intangible assets and other 57,370.00 1,375,735.00
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from investing
747,558,204.45 1,881,579,843.83
activities
Payments for the acquisition of fixed
assets, intangible assets and other 1,877,953,322.37 1,693,381,360.26
long-lived assets
Payments for investments 50,000,000.00 765,000,000.00
Net increase in pledged loans granted
Net payments for the acquisition of
0.00 13,439,262.05
subsidiaries and other business units
Cash used in other investing activities
Subtotal of cash used in investing
1,927,953,322.37 2,471,820,622.31
activities
Net cash generated from/used in investing
-1,180,395,117.92 -590,240,778.48
activities
3. Cash flows from financing activities:
Capital contributions received 26,000,000.00 4,000,000.00
Including: Capital contributions by
26,000,000.00 4,000,000.00
non-controlling interests to subsidiaries
Borrowings received 120,000,100.00 149,200,000.00
Cash generated from other financing
activities
Subtotal of cash generated from financing
146,000,100.00 153,200,000.00
activities
Repayment of borrowings 91,590,000.00 113,000,000.00
Interest and dividends paid 2,458,341,671.66 1,594,882,967.48
Including: Dividends paid by
79,865,320.11 5,304,511.69
subsidiaries to non-controlling interests
Cash used in other financing activities 21,760,545.66 21,678,419.83
Subtotal of cash used in financing
2,571,692,217.32 1,729,561,387.31
activities
Net cash generated from/used in financing
-2,425,692,117.32 -1,576,361,387.31
activities
4. Effect of foreign exchange rates
changes on cash and cash equivalents
5. Net increase in cash and cash
1,738,112,822.62 3,553,023,620.39
equivalents
Add: Cash and cash equivalents,
14,676,167,417.36 13,105,373,435.22
beginning of the period
6. Cash and cash equivalents, end of the 16,414,280,239.98 16,658,397,055.61
14
Third Quarterly Report 2024
period
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of
the New Accounting Standards Implemented since 2024
□ Applicable Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes No
These financial statements have not been audited by such an auditor.
Anhui Gujing Distillery Company Limited
Board of Directors
31 October 2024
15
