泸州老窖: 2024年第三季度报告（英文版）内容摘要

（原标题：2024年第三季度报告（英文版））

Q3 2024 Report of Luzhou Laoj iao Co., Ltd.

1. Key financial information 1.1 Key accounting data and financial indicators Q3 2024 YoY change Q1-Q3 2024 YoY change Operating revenues (CNY) 7,398,670,017.92 0.67% 24,303,555,187.30 10.76% Net profits attributable to shareholders of the Company(CNY) 3,565,502,984.74 2.58% 11,593,041,150.05 9.72% Net profits attributable to shareholders of the Company before non-recurring gains and losses(CNY) 3,570,292,253.98 3.52% 11,564,402,985.22 10.24% Net cash flows from operating activities (CNY) — — 12,464,714,796.11 37.69% Basic earnings per share(CNY/share) 2.43 2.53% 7.89 9.74% Diluted earnings per share(CNY/share) 2.43 2.53% 7.89 9.74% Weighted average ROE 8.27% -1.14% 25.88% -2.32%

30 September 2024 31 December 2023 Change Total assets(CNY) 66,496,926,541.35 63,294,455,201.60 5.06% Net assets attributable to shareholders of the Company(CNY) 45,427,566,438.11 41,391,410,494.89 9.75%

1.3 Changes in key financial data and indicators and reasons for the changes A. The closing carrying balance of accounts receivables decreased by CNY 10,521,711.62 compared to the opening carrying balance at the beginning of the year, indicating a decrease of 60.26%. It was mainly due to the payment collection with respect to overseas baij iu sales. B. The closing balance of other current assets decreased by CNY 160,145,726.41 compared to the opening balance at the beginning of the year, indicating a decrease of 90.64%. It was mainly due to the decreased value added tax, corporate income tax and other taxes to be offset in the current period. C. The closing balance of investment property increased by CNY 13,183,521.71 compared to the opening balance at the beginning of the year, indicating an increase of 34.89%. It was mainly due to the additional property leases in the current period. D. The closing balance of construction in progress decreased by CNY 1,081,587,008.64 compared to the opening balance at the beginning of the year, indicating a decrease of 62.94%. It was mainly due to the transfer of construction in progress that became ready for its intended use to fixed assets. E. The closing balance of deferred tax assets decreased by CNY 395,984,825.89 compared to the opening balance at the beginning of the year, indicating a decrease of 58.71%. It was mainly due to the decreased unrealized profits of internal transactions and the relevant reversal as a result of the unlocking of restricted shares. F. The closing balance of taxes payable decreased by CNY 983,511,011.33 compared to the opening balance at the beginning of the year, indicating a decrease of 33.46%. It was mainly due to the payment of the opening taxes payable in the current period. G. The closing balance of non-current liabilities due within one year increased by CNY 2,690,005,277.84 compared to the opening balance at the beginning of the year, indicating an increase of 3408.60%. It was mainly due to the reclassification of bonds payable and long-term loans due within one year. H. The closing balance of treasury stock decreased by CNY 259,105,222.61 compared to the opening balance at the beginning of the year, indicating a decrease of 42.01%. It was mainly due to the relevant reversal as a result of the unlocking of restricted shares in the current period. I. Investment income in the current Q1-Q3 period decreased by CNY 28,000,183.71 compared to the same period of last year, indicating a decrease of 40.24%. It was mainly due to the decreased earnings of investee Huaxi Securities in the current period. J. Net cash flows from operating activities in the current Q1-Q3 period increased by CNY 3,412,146,899.23 compared to the same period of last year, indicating an increase of 37.69%. It was mainly due to the increased cash received from sale of goods and the decreased cash paid for goods purchased and services received in the current period. K. Net cash flows from investing activities in the current Q1-Q3 period decreased by CNY 485,155,325.59 compared to the same period of last year. It was mainly due to the increased purchases of wealth management products(collective asset management plans) from securities firms in the current period. L. Net cash flows from financing activities in the current Q1-Q3 period decreased by CNY 7,654,587,417.55 compared to the same period of last year. It was mainly due to the receipt of less bank loan in the current period compared to the same period of last year.