Q3 Report of 2024
Stock Code: 600132 Stock Abbreviation: Chongqing Brewery
CHONGQING BREWERY CO., LTD.
Q3 REPORT OF 2024
The board of directors and all directors of the company guarantee that this
announcement is free of any false records, misleading statements or significant
omissions, and that they will bear legal responsibility for the authenticity, accuracy
and completeness of its content.
Reminder of important content:
The board of directors, board of supervisors, directors, supervisors and senior management of the
company guarantee that this quarterly report contains true, accurate and complete information and
is free of any false records, misleading statements or significant omissions, and that they will be
jointly and severally liable for the legal consequences.
The legal representative of the company, officer in charge of accounting and head of accounting
department (the chief accountant) guarantee that the financial information in the quarterly report is
true, accurate and complete.
Whether the Q3 financial statements are audited
□Yes √No
1 / 16
Q3 Report of 2024
I. Key financial information
(I) Major accounting data and financial indicators
Unit: yuan Currency: RMB
For the quarter
For the three
ended September
Item YoY Variance (%) quarters ended YoY Variance (%)
30, 2024 (“the
September 30, 2024
reporting period”)
Operating revenue 4,202,308,225.00 -7.11 13,062,996,755.34 0.26
Net profit attributable to
shareholders of the 430,678,422.06 -10.10 1,331,968,723.29 -0.90
Company
Net profit attributable to
shareholders of the
Company after 417,990,356.67 -11.60 1,305,563,897.32 -1.61
deducting non-recurring
profit or loss
Net cash flows from
—— —— 3,461,797,517.06 -6.90
operating activities
Basic earnings per share 0.89 -10.10 2.75 -0.90
Diluted earnings per
0.89 -10.10 2.75 -0.90
share
Weighted average ROE
22.44 Decreased by 2.83 p.p. 60.18 Decreased by 1.81 p.p.
(%)
As of September 30, 2024 As of December 31, 2023 YoY Variance (%)
Total assets 13,150,720,231.50 12,386,911,593.95 6.17
Net assets attributable to
2,136,030,028.30 2,140,200,619.57 -0.19
shareholders of the Company
Note: "The reporting period" above and hereafter refers to the quarter ended September 30, 2024.
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Q3 Report of 2024
(II) Non-recurring gains and losses
Unit: yuan Currency: RMB
For the quarter For the three Remarks
Items ended September 30, quarters ended
2024 September 30, 2024
Gains on disposal of non-current 613,204.62 -859,814.50
assets, including write-off of provision
for impairment
Government grants included in profit 16,202,541.12 40,272,258.02
or loss (excluding those closely related
to operating activities of the Company,
satisfying government policies and
regulations, enjoyed based on certain
standards, and continuously affecting
gains or losses of the Company)
Gains or losses on changes in fair 4,257,308.30 12,604,058.68
value of financial assets and liabilities
held by non-financial enterprises, and
gains or losses on disposal of financial
assets and liabilities, excluding those
arising from hedging business related
to operating activities
Other non-operating revenue or 9,250,867.85 12,907,081.73
expenditures
Other profit or loss satisfying the 287,171.90 287,171.90
definition of non-recurring profit or
loss
Less: Enterprise income tax affected 6,006,538.89 13,838,181.38
Non-controlling interest (after 11,916,489.51 24,967,748.48
tax)
Total 12,688,065.39 26,404,825.97
Remarks on defining items not listed in “Interpretation Pronouncement on Information Disclosure
Criteria for Public Companies No. 1 – Non-Recurring Profit or Loss” as non-recurring profit or loss
with significant amount and remarks on defining non-recurring profit or loss listed in the
“Interpretation Pronouncement on Information Disclosure Criteria for Public Companies No. 1 –
Non-Recurring Profit or Loss” as recurring profit or loss.
□Applicable √N/A
(III) The conditions and reason of change for major accounting data and financial indicators
□Applicable √N/A
II. Main operating conditions during the reporting period
3 / 16
Q3 Report of 2024
(I) Main operating conditions
For the first three quarters of 2024, the Company achieved sales volume of 26,570 KHL, which
increased by 0.20% over the same period of last year’s volume of 26,517 KHL. Revenue was RMB
13.063 billion, which increased by 0.26% over the same period of last year’s revenue of RMB
13.029 billion. The net profit attributable to shareholders of the Company was RMB 1,332 million,
which decreased by 0.90% over the same period of last year’s base of RMB 1,344 million. The net
profit attributable to shareholders of the Company after deducting non-recurring profit or loss was
RMB 1,306 million, with a decrease of 1.61% over the same period of last year’s base of RMB
1,327 million.
(II) Revenue by product grade
Unit: yuan Currency: RMB
Product grade For the three quarters ended For the three quarters ended YoY Variance
September 30, 2024 September 30, 2023 (%)
Main business revenue Main business revenue
Premium 7,625,256,387.01 7,721,354,158.07 -1.24
Mainstream 4,764,380,222.36 4,762,825,837.76 0.03
Economic 318,079,038.10 276,978,483.55 14.84
Total 12,707,715,647.47 12,761,158,479.38 -0.42
Note: 1. The Company classifies its products into three grades based on consumption price, i.e,
premium (priced at RMB 8 yuan and above), mainstream (priced between RMB 4-8 yuan, excluding
8 yuan), and economic (priced below RMB 4 yuan).
(III) Revenue by marketing channel
Unit: yuan Currency: RMB
Channel type For the three quarters ended For the three quarters ended YoY Variance
September 30, 2024 September 30, 2023 (%)
Main business revenue Main business revenue
Wholesale 12,676,043,869.63 12,729,364,124.06 -0.42
(IV) Revenue by region
Unit: yuan Currency: RMB
Region For the three quarters ended For the three quarters ended YoY Variance
September 30, 2024 September 30, 2023 (%)
Main business revenue Main business revenue
North-West 3,672,983,082.82 3,767,337,710.92 -2.50
Central 5,349,278,698.80 5,349,507,527.31 0.00
South 3,685,453,865.85 3,644,313,241.15 1.13
Total 12,707,715,647.47 12,761,158,479.38 -0.42
Note: The administration area of the company is divided into three regions: North-West region,
Central region and South region.
4 / 16
Q3 Report of 2024
(V) Distributors
For the quarter ended September 30, 2024, the number of distributors for the company
increased by 176 and decreased by 164, with a total of distributors 3,000 at the end of the reporting
period, which was increased by 12 from June 30, 2024.
III. Shareholders
(I) Total number of ordinary shareholders, number of preferred shareholders with resumed
voting power and shareholding of top 10 shareholders
Unit: share
Total number of preferred
Total number of ordinary
shareholders with resumed voting
shareholders at the end of 53,613 N/A
power at the end of the reporting
the reporting period
period (if any)
Shareholdings of top 10 shareholders (excluding refinancing shares lent)
Pledge, marking
Number of
Nature of Number of Shareholding or freezing
Name of shareholder restricted
shareholder shares held (%)
shares held Share Amount
status
Carlsberg Brewery Hong Overseas
205,882,718 42.54 0 None
Kong Limited legal person
CARLSBERG Overseas
84,500,000 17.46 0 None
CHONGQING LIMITED legal person
Hong Kong Securities Overseas
32,805,723 6.78 0 Unknown
Clearing Co., Ltd. legal person
Industrial and Commercial
Bank of China Limited -
Other 3,942,413 0.81 0 Unknown
Huatai-PineBridge CSI 300
ETF
China Construction Bank
Corporation - PENGHUA Other 3,640,287 0.75 0 Unknown
CSI ALCOHOL ETF
New China Life Insurance
Co., Ltd. - Traditional-
Other 3,577,351 0.74 0 Unknown
General Insurance Product
－ 018L－CT001 Shanghai
New China Life Insurance
Co., Ltd. - Dividends－
Other 3,534,215 0.73 0 Unknown
Personal Dividends－018L
－FH002 Shanghai
One-one-zero portfolio of
National Social Security Other 3,241,838 0.67 0 Unknown
Fund
5 / 16
Q3 Report of 2024
China Construction Bank
Corporation - E Fund CSI Other 3,026,710 0.63 0 Unknown
300 ETF
Industrial and Commercial
Bank of China Co., Ltd.-
Baoying Quality Selection Other 3,000,000 0.62 0 Unknown
Hybrid Securities
Investment Fund
Shareholdings of top 10 unrestricted shareholders (excluding refinancing shares lent)
Share category and
Number of outstanding unrestricted quantity
Name of shareholder
shares held Share Amount
category
RMB
Carlsberg Brewery Hong
205,882,718 ordinary 205,882,718
Kong Limited
shares
RMB
CARLSBERG
84,500,000 ordinary 84,500,000
CHONGQING LIMITED
shares
RMB
Hong Kong Securities
32,805,723 ordinary 32,805,723
Clearing Co., Ltd.
shares
Industrial and Commercial
RMB
Bank of China Limited -
3,942,413 ordinary 3,942,413
Huatai-PineBridge CSI 300
shares
ETF
China Construction Bank RMB
Corporation - PENGHUA 3,640,287 ordinary 3,640,287
CSI ALCOHOL ETF shares
New China Life Insurance
RMB
Co., Ltd. - Traditional-
3,577,351 ordinary 3,577,351
General Insurance Product
shares
－ 018L－CT001 Shanghai
New China Life Insurance
RMB
Co., Ltd. - Dividends－
3,534,215 ordinary 3,534,215
Personal Dividends－018L
shares
－FH002 Shanghai
One-one-zero portfolio of RMB
National Social Security 3,241,838 ordinary 3,241,838
Fund shares
China Construction Bank RMB
Corporation - E Fund CSI 3,026,710 ordinary 3,026,710
300 ETF shares
6 / 16
Q3 Report of 2024
Industrial and Commercial
Bank of China Co., Ltd.- RMB
Baoying Quality Selection 3,000,000 ordinary 3,000,000
Hybrid Securities shares
Investment Fund
Among the top 10 unrestricted shareholders, CARLSBERG
Remarks on related-party
CHONGQING LIMITED and Carlsberg Brewery Hong Kong Limited
relationships among the
are both controlled by Carlsberg Breweries A/S. It is unknown whether
aforesaid shareholders or
the other shareholders are related to each other and whether the other
actions in concert
shareholders are acting in concert.
Refinancing shares lent by shareholders holding more than 5% shares, the top 10 shareholders and
the top 10 unrestricted public shareholders
√ Applicable □ N/A
Unit: share
Refinancing shares lent by shareholders holding more than 5% shares, the top 10 shareholders and the top 10
unrestricted public shareholders
Beginning shareholding Beginning refinancing Ending shareholding Ending refinancing
of ordinary accounts and shares lent and not yet of ordinary accounts shares lent and not
Name of shareholder
credit accounts returned and credit accounts yet returned
(full name)
Quantity Percentage Quantity Percentage Quantity Percentage Quantity Percentage
Total (%) Total (%) Total (%) Total (%)
Industrial and
Commercial Bank of
China Limited - Huatai- 2,630,413 0.54 2,200 0.001 3,942,413 0.81 0 0
PineBridge CSI 300
ETF
China Construction
Bank Corporation -
3,130,552 0.65 301,400 0.06 3,640,287 0.75 0 0
PENGHUA CSI
ALCOHOL ETF
China Construction
Bank Corporation - E 1,873,800 0.39 15,300 0.003 3,026,710 0.63 0 0
Fund CSI 300 ETF
Changes in the top 10 shareholders and the top 10 unrestricted public shareholders due to
refinancing lending/restitution compared with the previous period
□Applicable √N/A
IV. Other reminders
Other important information about the company’s operations during the reporting period that
investors should be reminded of.
□Applicable √N/A
7 / 16
Q3 Report of 2024
V. Quarterly Financial Statements
(I) Audit Opinion
□Applicable √N/A
(II) Financial Statements
Consolidated Balance Sheet
As of September 30, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Unit: yuan Currency: RMB Audit type: Unaudited
Items September 30, 2024 December 31, 2023
Current assets:
Cash and bank balances 3,238,127,138.33 2,712,720,235.65
Settlement funds
Loans to other banks
Held-for-trading financial assets 501,245,890.41 360,202,000.00
Derivative financial assets 34,123,684.48 14,392,732.78
Notes receivable
Accounts receivable 156,019,471.02 64,628,136.06
Receivables financing
Advances paid 25,602,683.38 41,831,987.46
Premiums receivable
Reinsurance accounts receivable
Reinsurance reserve receivable
Other receivables 23,801,945.76 23,987,973.67
Including: Interest receivable
Dividend receivable
Financial assets under reverse repo
Inventories 1,636,747,785.39 2,100,354,952.29
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 138,756,967.64 146,488,217.09
Total current assets 5,754,425,566.41 5,464,606,235.00
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 198,000,693.40 140,608,195.59
Other equity instrument investments 17,156,286.50 16,625,962.83
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Q3 Report of 2024
Items September 30, 2024 December 31, 2023
Other non-current financial assets
Investment property
Fixed assets 4,786,573,480.68 3,673,993,109.60
Construction in progress 195,049,890.22 783,503,734.86
Productive biological assets
Oil & gas assets
Right-of-use assets 135,264,028.22 153,497,044.09
Intangible assets 652,527,528.46 677,053,982.74
Including: Data resources
Development expenditures
Including: Data resources
Goodwill 699,192,456.06 699,192,456.06
Long-term prepayments
Deferred tax assets 712,403,590.69 679,012,008.03
Other non-current assets 126,710.86 98,818,865.15
Total non-current assets 7,396,294,665.09 6,922,305,358.95
Total assets 13,150,720,231.50 12,386,911,593.95
Current liabilities:
Short-term borrowings
Central bank loans
Loans from other banks
Held-for-trading financial liabilities
Derivative financial liabilities 15,408,026.80
Notes payable
Accounts payable 3,383,117,867.18 2,607,629,899.17
Advances received
Contract liabilities 1,611,282,973.24 1,666,791,670.83
Financial liabilities under repo
Absorbing deposit and interbank
deposit
Deposit for agency security
transaction
Deposit for agency security
underwriting
Employee benefits payable 349,171,681.87 409,937,660.39
Taxes and rates payable 373,820,204.11 86,479,764.60
Other payables 2,506,044,987.10 3,326,996,153.10
Including: Interest payable
Dividend payable
Handling fee and commission
payable
Reinsurance accounts payable
Liabilities held for sale
9 / 16
Q3 Report of 2024
Items September 30, 2024 December 31, 2023
Non-current liabilities due within
40,331,196.42 42,382,811.96
one year
Other current liabilities 14,024,457.87 26,113,341.32
Total current liabilities 8,277,793,367.79 8,181,739,328.17
Non-current liabilities:
Insurance policy reserve
Long-term borrowings
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 107,091,188.09 121,370,635.09
Long-term payables
Long-term employee benefits payable 148,026,952.36 150,981,389.59
Provisions 24,784,152.29 25,219,093.79
Deferred income 225,215,447.18 247,646,473.34
Deferred tax liabilities 6,830,396.66 7,806,126.04
Other non-current liabilities
Total non-current liabilities 511,948,136.58 553,023,717.85
Total liabilities 8,789,741,504.37 8,734,763,046.02
Equity:
Share capital 483,971,198.00 483,971,198.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 21,376,252.00 16,022,535.00
Less: Treasury shares
Other comprehensive income -2,459,119.36 -16,085,442.20
Special reserve
Surplus reserve 241,985,599.00 241,985,599.00
General risk reserve
Undistributed profit 1,391,156,098.66 1,414,306,729.77
Total equity attributable to the
2,136,030,028.30 2,140,200,619.57
parent company
Non-controlling interest 2,224,948,698.83 1,511,947,928.36
Total equity 4,360,978,727.13 3,652,148,547.93
Total liabilities & equity 13,150,720,231.50 12,386,911,593.95
Legal representative: Joo Miguel Ventura Rego Abecasis
Officer in charge of accounting: Chin Wee Hua
Head of accounting department: Liping Liu
10 / 16
Q3 Report of 2024
Consolidated Income Statement
For the Three Quarters Ended September 30, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Unit: yuan Currency: RMB Audit type: Unaudited
For the three quarters For the three quarters
Items ended September 30, ended September 30,
2024 2023
I. Total operating revenue 13,062,996,755.34 13,028,681,199.38
Including: Operating revenue 13,062,996,755.34 13,028,681,199.38
Interest income
Premiums earned
Revenue from handling charges
and commission
II. Total operating cost 9,833,537,105.39 9,722,652,274.27
Including: Operating cost 6,635,809,947.00 6,619,347,583.95
Interest expenses
Handling charges and commission
expenditures
Surrender value
Net payment of insurance claims
Net provision of insurance policy
reserve
Premium bonus expenditures
Reinsurance expenses
Taxes and surcharges 832,648,589.06 827,451,760.22
Selling expenses 1,968,554,933.38 1,941,461,094.31
Administrative expenses 404,430,989.34 367,928,294.34
R&D expenses 16,013,138.98 13,349,414.97
Financial expenses -23,920,492.37 -46,885,873.52
Including: Interest expenses 5,380,623.23 3,453,072.62
Interest income 33,313,114.09 54,414,874.17
Add: Other income 41,914,754.77 39,522,652.39
Investment income (or less: losses) 69,037,837.98 63,128,833.64
Including: Investment income from
57,392,497.81 60,797,041.80
associates and joint ventures
Gains from derecognition of
financial assets at amortized cost
Gains on foreign exchange (or less:
losses)
Gains on net exposure to hedging
risk (or less: losses)
Gains on changes in fair value (or
1,245,890.41 170,000.00
less: losses)
Credit impairment loss -7,438,203.02 -4,325,186.51
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Q3 Report of 2024
For the three quarters For the three quarters
Items ended September 30, ended September 30,
2024 2023
Assets impairment loss -31,874,043.29 -37,070,931.38
Gains on asset disposal (or less:
1,566,720.61 -553,378.44
losses)
III. Operating profit (or less: losses) 3,303,912,607.41 3,366,900,914.81
Add: Non-operating revenue 15,378,689.36 4,504,807.87
Less: Non-operating expenditures 4,898,142.74 2,698,594.21
IV. Profit before tax (or less: total loss) 3,314,393,154.03 3,368,707,128.47
Less: Income tax expenses 647,787,850.61 659,736,629.17
V. Net profit (or less: net loss) 2,666,605,303.42 2,708,970,499.30
(I) Categorized by the continuity of operations
1. Net profit from continuing
2,666,607,311.93 2,708,963,284.50
operations (or less: net loss)
2. Net profit from discontinued
-2,008.51 7,214.80
operations (or less: net loss)
(II) Categorized by the portion of equity ownership
1. Net profit attributable to owners
1,331,968,723.29 1,344,089,296.32
of parent company (or less: net loss)
2. Net profit attributable to non-
controlling shareholders (or less: 1,334,636,580.13 1,364,881,202.98
net loss)
VI. Other comprehensive income after
26,510,560.60 -8,544,380.97
tax
(I) Items attributable to the owners of
13,626,322.84 -4,386,299.89
the parent company
1.Not to be reclassified subsequently to
204,519.32 492,505.48
profit or loss
(1) Remeasurements of the net
defined benefit plan
(2) Items under equity method that
will not be reclassified to profit or
loss
(3) Changes in fair value of other
204,519.32 492,505.48
equity instrument investments
(4) Changes in fair value of own
credit risk
2. To be reclassified subsequently to
13,421,803.52 -4,878,805.37
profit or loss
(1) Items under equity method that
may be reclassified to profit or loss
(2) Changes in fair value of other
debt investments
12 / 16
Q3 Report of 2024
For the three quarters For the three quarters
Items ended September 30, ended September 30,
2024 2023
(3) Profit or loss from
reclassification of financial assets
into other comprehensive income
(4) Provision for credit impairment
of other debt investments
(5) Cash flow hedging reserve 13,421,803.52 -4,878,805.37
(6) Translation reserve
(7) Others
(II) Items attributable to non-
12,884,237.76 -4,158,081.08
controlling shareholders
VII. Total comprehensive income 2,693,115,864.02 2,700,426,118.33
(I) Items attributable to the owners
1,345,595,046.13 1,339,702,996.43
of the parent company
(II) Items attributable to non-
1,347,520,817.89 1,360,723,121.90
controlling shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS (yuan per share) 2.75 2.78
(II) Diluted EPS (yuan per share) 2.75 2.78
Legal representative: Joo Miguel Ventura Rego Abecasis
Officer in charge of accounting: Chin Wee Hua
Head of accounting department: Liping Liu
13 / 16
Q3 Report of 2024
Consolidated Cash Flow Statement
For the Three Quarters Ended September 30, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Unit: yuan Currency: RMB Audit type: Unaudited
For the three quarters For the three quarters
Items ended September 30, ended September 30,
2024 2023
I. Cash flows from operating activities:
Cash receipts from sale of goods or
13,735,917,329.61 13,729,002,139.22
rendering of services
Net increase of client deposit and
interbank deposit
Net increase of central bank loans
Net increase of loans from other
financial institutions
Cash receipts from original insurance
contract premium
Net cash receipts from reinsurance
Net increase of policy-holder deposit
and investment
Cash receipts from interest, handling
charges and commission
Net increase of loans from others
Net increase of repurchase
Net cash receipts from agency
security transaction
Receipts of tax refund 23,556,919.53 104,862,956.31
Other cash receipts related to
317,618,559.18 351,728,190.21
operating activities
Subtotal of cash inflows from
14,077,092,808.32 14,185,593,285.74
operating activities
Cash payments for goods purchased
5,662,985,062.91 5,657,350,566.51
and services received
Net increase of loans and advances to
clients
Net increase of central bank deposit
and interbank deposit
Cash payments for insurance
indemnities of original insurance
contracts
Net increase of loans to others
Cash payments for interest, handling
charges and commission
Cash payments for policy bonus
14 / 16
Q3 Report of 2024
For the three quarters For the three quarters
Items ended September 30, ended September 30,
2024 2023
Cash paid to and on behalf of
1,320,328,064.50 1,154,628,762.78
employees
Cash payments for taxes and rates 2,085,921,653.28 2,280,400,071.15
Other cash payments related to
1,546,060,510.57 1,374,902,242.12
operating activities
Subtotal of cash outflows from
10,615,295,291.26 10,467,281,642.56
operating activities
Net cash flows from operating
3,461,797,517.06 3,718,311,643.18
activities
II. Cash flows from investing activities:
Cash receipts from withdrawal of
861,560,168.27 1,987,185.53
investments
Cash receipts from investment
287,171.90 344,606.28
income
Net cash receipts from the disposal of
fixed assets, intangible assets and 48,907.03 747,600.96
other long-term assets
Net cash receipts from the disposal of
subsidiaries & other business units
Other cash receipts related to
investing activities
Subtotal of cash inflows from
861,896,247.20 3,079,392.77
investing activities
Cash payments for the acquisition of
fixed assets, intangible assets and 784,642,978.84 568,174,243.39
other long-term assets
Cash payments for investments 990,000,000.00 360,000,000.00
Net increase of pledged borrowings
Net cash payments for the acquisition
of subsidiaries & other business units
Other cash payments related to
investing activities
Subtotal of cash outflows from
1,774,642,978.84 928,174,243.39
investing activities
Net cash flows from investing
-912,746,731.64 -925,094,850.62
activities
III. Cash flows from financing activities:
Cash receipts from absorbing
investments
Including: Cash received by
subsidiaries from non-controlling
shareholders as investments
15 / 16
Q3 Report of 2024
For the three quarters For the three quarters
Items ended September 30, ended September 30,
2024 2023
Cash receipts from borrowings
Other cash receipts related to
financing activities
Subtotal of cash inflows from
financing activities
Cash payments for the repayment of
borrowings
Cash payments for distribution of
dividends or profits and for interest 1,989,639,401.82 1,292,249,785.12
expenses
Including: Cash paid by subsidiaries
to non-controlling shareholders as 634,520,047.42 33,924,670.32
dividend or profit
Other cash payments related to
31,991,255.80 20,021,948.58
financing activities
Subtotal of cash outflows from
2,021,630,657.62 1,312,271,733.70
financing activities
Net cash flows from financing
-2,021,630,657.62 -1,312,271,733.70
activities
IV. Effect of foreign exchange rate
changes on cash & cash equivalents
V. Net increase in cash and cash
527,420,127.80 1,480,945,058.86
equivalents
Add: Opening balance of cash and
2,700,076,206.04 3,396,809,241.14
cash equivalents
VI. Closing balance of cash and cash
3,227,496,333.84 4,877,754,300.00
equivalents
Legal representative: Joo Miguel Ventura Rego Abecasis
Officer in charge of accounting: Chin Wee Hua
Head of accounting department: Liping Liu
The first adoption of new accounting standards or interpretations since 2024 that involve
adjustments to the financial statements at the beginning of the year of first adoption.
□ Applicable √ Not applicable
Hereby announced.
Board of Directors of Chongqing Brewery Co., Ltd.
October 30, 2024
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