ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTER REPORT 2019
October 2019
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of Anhui Gujing Distillery Company Limited (together
with its consolidated subsidiaries, the “Company”, except where the context otherwise
requires) hereby guarantee the factuality, accuracy and completeness of the contents of this
Report and its summary, and shall be jointly and severally liable for any misrepresentations,
misleading statements or material omissions therein.
All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.
Liang Jinhui, the Company’s legal representative, Ye Changqing, the Company’s Chief
Accountant, and Zhu Jiafeng, head of the Company’s financial department (equivalent to
financial manager) hereby guarantee that the financial statements carried in this Report are
factual, accurate and complete.
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
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
30September2019 31December2018 Change(%)
Total assets(RMB) 13,265,837,811.82 12,509,928,449.72 6.04%
Equity attributable to the listed 8,588,195,185.21 7,601,984,024.58 12.97%
company’s shareholders(RMB)
Q32019 YoYchange(%) Q1-Q32019 YoYchange(%)
Operating revenue(RMB) 2,214,767,350.88 11.91% 8,202,880,349.97 21.31%
Net profit attributable to the listed 493,294,846.62 35.78% 1,741,611,160.63 38.69%
company’s shareholders(RMB)
Net profit attributable to the listed
company’s shareholders before 444,380,739.57 28.00% 1,610,375,324.09 32.04%
exceptional items(RMB)
Net cash generated from/used in -- -- 2,241,371,504.76 -11.67%
operating activities(RMB)
Basic earnings per share 0.98 36.11% 3.46 38.96%
(RMB/share)
Diluted earnings per share 0.98 36.11% 3.46 38.96%
(RMB/share)
Weighted average return on equity 6.95% 1.03% 21.18% 3.03%
(%)
Unit: RMB
Item Q1-Q32019 Note
Gain or loss on disposal of non-current assets (inclusive of -1,264,176.82
impairment allowancewrite-offs)
Government subsidies recognizedinthecurrentperiod,exceptfor
those acquired in the ordinary course of business or granted at 44,269,941.91
certain quotas or amounts according to the government’s unified
standards
Gain/Loss on changes in fair value arising from holding of
trading financial assets and liabilities, derivative financial assets 123,457,671.32
and liabilities and investment income from disposal of trading
financial assets and liabilities, derivative financial assets and
liabilities and other investments in debt obligation other than
effective hedge business related to the Company’s normal
operating businesses
Other non-operatingincomeandexpenseotherthantheabove 23,973,103.11
Less: Incometaxeffects 47,055,752.14
Non-controlling interestseffects(netoftax) 12,144,950.84
Total 131,235,836.54 --
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or 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 for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2019
1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders
Unit: share
Number of preferred
Number ofordinaryshareholders 23,360 shareholders with resumed 0
votingrights(ifany)
Top10shareholders
Name of Natureof Shareholding Numberofshares Restrictedshares Sharesinpledgeorfrozen
shareholder shareholder percentage Status Shares
ANHUI GUJING
GROUP State-owned legal 53.89% 271,404,022 Inpledge 114,000,000
COMPANY person
LIMITED
GAOLING Foreign legal 2.47% 12,446,408
FUND,L.P. person
AGRICULTURA
L BANKOF
CHINA- E
FUND Other 2.45% 12,324,779
CONSUMPTION
SECTOR
STOCK
SECURITIES
INVESTMENT
FUND
HONG KONG
SECURITIES Foreign legal 2.04% 10,294,450
CLEARING person
COMPANYLTD.
CHINA INT'L
CAPITALCORP Foreign legal
HONG KONG person 1.72% 8,657,025
SECURITIES
LTD
UBS (LUX)
EQUITY FUND- Foreign legal
CHINA person 1.40% 7,068,861
OPPORTUNITY
(USD)
CENTRAL
HUIJIN ASSET State-owned legal 1.30% 6,543,600
MANAGEMENT person
CO., LTD.
NORGES BANK Foreign legal 1.24% 6,249,311
person
GREENWOODS Foreign legal
CHINAALPHA person 1.12% 5,657,150
MASTER FUND
INDUSTRIAL
AND
COMMERCIAL
BANK OF
CHINA
LIMITED-JINGS
HUN Other 1.05% 5,299,950
GREATWALL
EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
FUND
Top10unrestrictedshareholders
Nameofshareholder Unrestrictedshares Sharesbytype
Type Shares
ANHUI GUJING GROUP 271,404,022 RMB-denominate 271,404,022
COMPANYLIMITED dordinarystock
Domestically
GAOLING FUND,L.P. 12,446,408 listed foreign 12,446,408
stock
AGRICULTURALBANKOF
CHINA- EFUNDCONSUMPTION 12,324,779 RMB-denominate 12,324,779
SECTOR STOCKSECURITIES dordinarystock
INVESTMENT FUND
HONG KONGSECURITIES 10,294,450 RMB-denominate 10,294,450
CLEARING COMPANYLTD. dordinarystock
CHINA INT'LCAPITALCORP Domestically
HONG KONGSECURITIESLTD 8,657,025 listed foreign 8,657,025
stock
UBS (LUX)EQUITYFUND- Domestically
CHINA OPPORTUNITY(USD) 7,068,861 listedforeign 7,068,861
stock
CENTRAL HUIJINASSET 6,543,600 RMB-denominate 6,543,600
MANAGEMENT CO.,LTD. dordinarystock
Domestically
NORGES BANK 6,249,311listed foreign 6,249,311
stock
GREENWOODS CHINAALPHA Domestically
MASTER FUND 5,657,150 listedforeign 5,657,150
stock
INDUSTRIAL AND
COMMERCIAL BANKOFCHINA
LIMITED-JINGSHUN 5,299,950 RMB-denominate 5,299,950
GREATWALLEMERGING dordinarystock
GROWTH HYBRIDSECURITIES
INVESTMENT FUND
Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing
Group CompanyLimited—isnotaconnectedpartyofothershareholders;noraretheyparties
Related or acting-in-concert partiesacting in concert as defined in the Administrative Measures on Information Disclosure of
among shareholdersabove Changes in Shareholding of Listed Companies. As for the other shareholders, the Company
does notknowwhethertheyareconnectedpartiesorwhethertheybelongtopartiesactingin
concert as defined in the Administrative Measures on Information Disclosure of Changes in
ShareholdingofListedCompanies.
Top 10 ordinary shareholdersN/A
involved in securitiesmargintrading
(if any)
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
Part III Significant Events
I Changes in Selected Consolidated Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
Unit: RMB
Balancesheetitem 30September 31December2018 Change(%) Explanationofwhy
2019
Monetarycapital 3,696,303,467.62 1,705,760,865.12 116.70% Increase in cash received from sales and
investments
Otherreceivables 21,798,848.07 43,342,878.22 -49.71% Decreaseininterestsreceivable
Othercurrentassets 13,520,098.86 3,012,478,687.20 -99.55% The main reason is the reclassification of
financialassets.
Constructioninprogress 214,689,618.57 93,320,557.56 130.06% The main reason is the establishment of
digitalinformationsystem
Othernon-currentassets 1,270,574,026.00 16,544,407.51 7,579.78% Increaseininvestmentsandfinancing
Notespayable 534,364,252.21 349,203,413.72 53.02% Increase in signing and issuing of
commercialbills
Payrollpayable 266,282,737.94 457,299,476.43 -41.77% Increaseinpaymentofremuneration
Incomestatementitem Q1~Q32019 Q1~Q32018 Change(%) Explanationofwhy
R&Dexpense 25,719,404.29 11,993,003.62 114.45% IncreaseinR&Dinput
Otherincome 44,662,596.55 11,725,901.76 280.89% Increase in receipt of income-related
governmentsubsidies
Cashflowstatement Q1~Q32019 Q1~Q32018 Change(%) Explanationofwhy
item
Taxrefundsreceived 20,674,445.06 5,652,636.00 265.75% Increaseintaxrefundsreceived
Cash received from Increase in cash received from withdrawal
withdrawal of 3,337,200,054.88 1,947,182,948.35 71.39% of investments and financing due to
investments maturity
Cash paid for
distributing dividends 755,400,000.00 503,600,000.00 50.00% Increaseindistributionofdividends
and profits or paying
interests
II Progress, Influence and Solutions Associated with Significant Events
□ Applicable √ Not applicable
III Commitments that the Company, Shareholders, the Company’s Actual Controller,
Acquirer, Directors, Supervisors, and Senior Executives or other Related Parties, Fulfilled in
the Reporting Period or still Ongoing at Period-End
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV 2019 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in net profit for year 2019, as well as explanation of why:
□ Applicable √ Not applicable
V Securities Investments
√ Applicable □ Not applicable
Unit: RMB
Gain/Losson Accumulated Purchased
Security Security Security Initial Measurement Bceagrirnynininggcfhaairn-vgaelsuienfcahira-vnagleusein RSepooldrtiinngGRaienp/oLrotisnsgincEanrrdyiinnggAccounting Funding
type code name investmentcost method amount Reporting chargedto RePpeorirotidngPeriod Period amount title source
Period equity
ZXYSDP
Trading
Other 1stAssets 200,000,000.00 Fairvalue 206,393,107.46 17,197,481.92 0.00 0.00 0.00 0.00223,590,589.38 financial Self-funded
Management method assets
Plan
Total 200,000,000.00 -- 206,393,107.46 17,197,481.92 0.00 0.00 0.00 0.00223,590,589.38 -- --
Disclosure dateofannouncement
on Board’sconsent for securities Naught
investments
Disclosure dateofannouncement
on general meeting’sconsent for Naught
securities investments(ifany)
VI Wealth Management Entrustment
√ Applicable □ Not applicable
Unit: RMB’0,000 (in RMB ten thousand yuan)
Typeofwealthmanagement Fundingsource Principal Outstandingamountbeforematurity Overdueamount
Wealthmanagementproduct Self-funded 302,900 86,600 0.00
purchased frombank
Wealthmanagementproduct Self-funded 18,000 0.00 0.00
purchased frombroker
Wealthmanagementproduct Self-funded 30,000 0.00 0.00
purchased fromentrustment
Others Self-funded 20,000 20,000 0.00
Total 370,900 106,600 0.00
High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or no protection of the principal:
√ Applicable □ Not applicable
Actual
Typeof Principal En Reference gain/lossin Impairmen Through Anyplan Overview
Type of wealth (Unit: Funding Star d Investment Wayof annualize Expecte Reporting Collection/payme t prescribe forfurther andindex
Trustee trustee managemen RMB’0,000 source t dat with paybac dreturn dreturn Period ntofgain/lossin allowance d entrustmen tomore
tproduct ) date e principal k (%) (ifany) (Unit: ReportingPeriod (ifany) procedure t informatio
RMB’0,000 ornot n(ifany)
)
Purchasing 1.2%of
CITIC newshares thenet
WingsAsset Compan Assets Self-funde offline, valueof
Managemen y managemen 20,000d fixed product 6.00% 0.00N/A 0.00Yes Yes
t Company Limited tplan income and
Limited instruments 20%of
, and excess
Reverse earning
repurchase s
of national
debt, etc
Total 20,000 -- -- -- -- -- -- 0.00 -- 0.00 -- -- --
Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:
□ Applicable √ Not applicable
VII Investments in Derivative Financial Instruments
√ Applicable □ Not applicable
Unit: RMB’0,000 (in RMB ten thousand yuan)
Ending
Relationship Related-party Initial Purchasedin Soldin Impairment investment Actual
Counterparty withthe transaction Typeof investment Startdate Enddate Beginning Reporting Reporting allowance Ending as%ofthe gain/lossin
Company ornot derivative amount investment Period Period (ifany) investment Company’s Reporting
endingnet Period
assets
Reverse Reverse 28
repurchase Naught No repurchaseof 0.00December 30June 17,990 1,090 19,080 0.00 0.00% 0.35
of national nationaldebt 2018 2019
debt
Total 0.00 -- -- 17,990 1,090 19,080 0.00 0.00% 0.35
Funding source Self-funded
Legal mattersinvolved(ifapplicable) N/A
Disclosure date of board announcement approving 30August2013
derivative investment(ifany)
Disclosure date of general meeting announcement
approving derivativeinvestment(ifany)
Analysis of risks and control measures associated with
derivative investments held in Reporting Period TheCompanyhadcontrolledtherelevantrisksstrictlyaccordingtotheDerivativesInvestmentManagementSystem.
(including but not limited to marketrisk,liquidity risk,
credit risk,operationalrisk,legalrisk,etc.)
Changes in market prices or fair value of derivative
investments in Reporting Period (fair value analysis Naught
should include measurement method and related
assumptions andparameters)
Major changes in accounting policies and specific
accounting principles adopted for derivative Naught
investments in Reporting Period compared to last
reporting period
Based on the sustainable development of the main business and the sufficient free idle money, the Company increased the profits
through investingin thereasonablefinancial derivativeinstruments, which wasin favor of improvingtheserviceefficiency of the idle
funds; inordertoreducetheinvestmentrisksofthefinancialderivativeinstruments,theCompanyhadsetupcorrespondingsupervision
Opinion ofindependentdirectorsonderivative mechanismforthefinancialderivativeinstrumentbusinessandformulatedreasonableaccountingpolicyaswellasspecificprinciplesof
investments andriskcontrol financial accounting; the derivative Investment business developed separately took national debts as mortgage object, which was met
with the cautious and steady risks management principle and the interest of the Company and shareholders. Therefore, agreed the
Company to develop the derivative Investment business of reverse repurchase of national debt not more than the limit of RMB0.3
billion.
VIII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc.
during Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Irregularities in Provision of Guarantees for External Parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Occupation of the Company’s Capital by Controlling Shareholder or Its Related Parties for
Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Anhui Gujing Distillery Company Limited
30 September 2019
Unit: RMB
Item 30September2019 31December2018
Current assets:
Monetarycapital 3,696,303,467.62 1,705,760,865.12
Settlementreserve
Interbankloansgranted
Tradingfinancialassets 1,182,590,589.38 0.00
Financialassets at fair value through 0.00 622,892.96
profit orloss
Derivativefinancialassets
Notesreceivable 1,205,217,571.01 1,347,427,811.34
Accountsreceivable 30,776,795.29 29,748,068.74
Accountsreceivablefinancing
Prepayments 128,268,357.38 182,558,000.75
Premiumsreceivable
Reinsurancereceivables
Receivable reinsurance contract
reserve
Otherreceivables 21,798,848.07 43,342,878.22
Including:Interestsreceivable 0.00 24,923,178.08
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 2,460,013,044.40 2,407,306,664.86
Contractualassets
Assetsclassifiedasheldforsale
Currentportionofnon-currentassets 0.00 300,000,000.00
Othercurrentassets 13,520,098.86 3,012,478,687.20
Total currentassets 8,738,488,772.01 9,029,245,869.19
Non-current assets:
Loansandadvancestocustomers
Investmentsindebtobligations
Available-for-salefinancialassets 0.00 206,393,107.46
Investmentsinotherdebtobligations
Held-to-maturityinvestments
Long-termreceivables
Long-termequityinvestments 4,769,375.34 4,900,000.00
Investmentsinotherequity
instruments
Othernon-currentfinancialassets
Investmentproperty 4,789,371.67 5,027,228.53
Fixedassets 1,657,696,280.27 1,763,988,530.56
Constructioninprogress 214,689,618.57 93,320,557.56
Productivelivingassets
Oilandgasassets
Right-of-useassets
Intangibleassets 728,660,670.42 742,083,609.10
R&Dexpense
Goodwill 478,283,495.29 478,283,495.29
Long-termprepaidexpense 69,290,325.48 83,561,473.46
Deferredincometaxassets 98,595,876.77 86,580,171.06
Othernon-currentassets 1,270,574,026.00 16,544,407.51
Total non-currentassets 4,527,349,039.81 3,480,682,580.53
Total assets 13,265,837,811.82 12,509,928,449.72
Current liabilities:
Short-termborrowings
Borrowingsfromcentralbank
Interbankloansobtained
Tradingfinancialliabilities
Financial liabilities at fair value
through profitorloss
Derivativefinancialliabilities
Notespayable 534,364,252.21 349,203,413.72
Accountspayable 379,566,637.85 484,952,598.59
Advancesfromcustomers 889,878,114.36 1,149,143,310.48
Contractualliabilities
Financialassetssoldunder
repurchase agreements
Customerdepositsandinterbank
deposits
Payables for acting trading of
securities
Payables for underwriting of
securities
Payrollpayable 266,282,737.94 457,299,476.43
Taxespayable 374,653,268.64 372,993,624.18
Otherpayables 1,307,511,367.33 1,192,020,147.82
Including:Interestpayable
Dividendspayable
Handlingchargesandcommissions
payable
Reinsurancepayable
Liabilities directly associated with
assets classifiedasheldforsale
Current portion of non-current
liabilities
Othercurrentliabilities 278,907,017.40 295,164,745.44
Total currentliabilities 4,031,163,395.73 4,300,777,316.66
Non-current liabilities:
Insurancecontractreserve
Long-termborrowings
Bondspayable
Including:Preferredshares
Perpetualbonds
Leaseliabilities
Long-termpayables
Long-termpayrollpayable
Provisions
Deferredincome 73,566,143.65 76,636,500.55
Deferredincometaxliabilities 105,495,063.97 102,764,515.11
Othernon-currentliabilities
Total non-currentliabilities 179,061,207.62 179,401,015.66
Total liabilities 4,210,224,603.35 4,480,178,332.32
Owners’equity:
Sharecapital 503,600,000.00 503,600,000.00
Otherequityinstruments
Including:Preferredshares
Perpetualbonds
Capitalreserves 1,295,405,592.25 1,295,405,592.25
Less:Treasurystock
Othercomprehensiveincome 0.00 4,794,830.59
Specificreserve
Surplusreserves 256,902,260.27 256,902,260.27
Generalreserve
Retainedearnings 6,532,287,332.69 5,541,281,341.47
Total equity attributable to owners of 8,588,195,185.21 7,601,984,024.58
the Companyastheparent
Non-controlling interests 467,418,023.26 427,766,092.82
Total owners’equity 9,055,613,208.47 8,029,750,117.40
Total liabilitiesandowners’equity 13,265,837,811.82 12,509,928,449.72
Legal representative: Liang Jinhui The Company’s chief accountant: Ye Changqing
Head of the Company’s financial department: Zhu Jiafeng
2. Balance Sheet of the Company as the Parent
Unit: RMB
Item 30September2019 31December2018
Current assets:
Monetarycapital 2,715,636,124.24 1,078,172,917.59
Tradingfinancialassets 889,590,589.38 0.00
Financialassets at fair value through 0.00 622,892.96
profit orloss
Derivativefinancialassets
Notesreceivable 945,951,910.95 1,256,336,386.34
Accountsreceivable 12,315,991.92 9,385,950.54
Accountsreceivablefinancing
Prepayments 36,280,673.79 10,869,911.54
Otherreceivables 86,032,697.25 110,800,665.19
Including:Interestsreceivable
Dividendsreceivable
Inventories 2,088,506,955.04 2,125,826,967.11
Contractualassets
Assetsclassifiedasheldforsale
Currentportionofnon-currentassets
Othercurrentassets 0.00 1,764,267,968.83
Total currentassets 6,774,314,942.57 6,356,283,660.10
Non-current assets:
Investmentsindebtobligations
Available-for-salefinancialassets 0.00 206,393,107.46
Investmentsinotherdebtobligations
Held-to-maturityinvestments
Long-termreceivables
Long-termequityinvestments 1,148,213,665.32 1,148,213,665.32
Investmentsinotherequity
instruments
Othernon-currentfinancialassets
Investmentproperty 4,789,371.67 24,715,657.40
Fixedassets 1,235,047,264.11 1,290,714,455.79
Constructioninprogress 175,684,124.11 86,634,753.93
Productivelivingassets
Oilandgasassets
Right-of-useassets
Intangibleassets 184,454,384.36 189,968,142.25
R&Dexpense
Goodwill
Long-termprepaidexpense 46,629,222.80 56,643,945.05
Deferredincometaxassets 20,829,351.24 37,415,458.17
Othernon-currentassets 574,026.00 12,474,026.00
Total non-currentassets 2,816,221,409.61 3,053,173,211.37
Total assets 9,590,536,352.18 9,409,456,871.47
Current liabilities:
Short-termborrowings
Tradingfinancialliabilities
Financial liabilities at fair value
through profitorloss
Derivativefinancialliabilities
Notespayable 48,266,234.40 28,648,913.72
Accountspayable 326,366,511.31 362,290,556.21
Advancesfromcu 1,282,992,147.54 1,123,125,892.84
Contractualliabilities
Payrollpayable 73,149,434.31 117,748,485.96
Taxespayable 233,134,193.16 161,176,957.25
Otherpayables 239,324,288.73 372,902,293.22
Including:Interestspayable
Dividendspayable
Liabilities directly associated with
assets classifiedasheldforsale
Current portion of non-current
liabilities
Othercurrentliabilities 3,966,911.24 32,605,794.55
Total currentliabilities 2,207,199,720.69 2,198,498,893.75
Non-current liabilities:
Long-termborrowings
Bondspayable
Including:Preferredshares
Perpetualbonds
Leaseliabilities
Long-termpayables
Long-termpayrollpayable
Provisions
Deferredincome 33,863,587.71 36,417,554.85
Deferredincometaxliabilities 9,045,546.24 4,828,737.52
Othernon-currentliabilities
Total non-currentliabilities 42,909,133.95 41,246,292.37
Total liabilities 2,250,108,854.64 2,239,745,186.12
Owners’equity:
Sharecapital 503,600,000.00 503,600,000.00
Otherequityinstruments
Including:Preferredshares
Perpetualbonds
Capitalreserves 1,247,162,107.35 1,247,162,107.35
Less:Treasurystock
Othercomprehensiveincome 4,794,830.59
Specificreserve
Surplusreserves 251,800,000.00 251,800,000.00
Retainedearnings 5,337,865,390.19 5,162,354,747.41
Total owners’equity 7,340,427,497.54 7,169,711,685.35
Total liabilitiesandowners’equity 9,590,536,352.18 9,409,456,871.47
3. Consolidated Income Statement for Q3
Unit: RMB
Item Q32019 Q32018
1. Revenue 2,214,767,350.88 1,979,015,719.48
Including:Operatingrevenue 2,214,767,350.88 1,979,015,719.48
Interest income
Premium income
Handling charge and
commission income
2. Operatingcostsandexpenses 1,606,834,684.29 1,533,956,349.59
Including:Costofsales 549,495,046.47 449,656,771.27
Interest expense
Handling charge and
commission expense
Surrenders
Net claimspaid
Net amount provided as
insurance contractreserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes andsurcharges 339,483,400.01 262,259,812.95
Selling expense 572,186,624.20 655,345,557.85
Administrative expense 155,163,347.70 159,034,927.22
R&D expense 11,055,166.62 3,965,869.26
Finance costs -20,548,900.71 3,693,411.04
Including: Interest 12,839,179.18 0.00
expense
Interest 31,759,206.44 10,808,466.78
income
Add: Otherincome 13,878,677.87 7,238,865.71
Investment income(“-”forloss) 28,665,355.29 36,500,416.69
Including:Shareofprofitorloss
of jointventuresandassociates
Derecognition incomeoffinancial
assets measuredatamortizedcost
Foreign exchange gain (“-” for
loss)
Net gain on exposure hedges (“-”
for loss)
Gain onchangesinfairvalue(“-” 5,994,298.28 -255,827.36
for loss)
Credit impairmentloss(“-”for
loss)
Assets impairmentloss(“-”for 159,351.46 5,770.66
loss)
Asset disposal income (“-” for 103,277.91 -43,358.78
loss)
3. Operatingprofit(“-”forloss) 656,733,627.40 488,505,236.81
Add: Non-operatingincome 14,398,366.14 11,046,979.09
Less: Non-operatingexpense 1,313,838.64 2,375,421.09
4. Profitbeforetax(“-”forloss) 669,818,154.90 497,176,794.81
Less: Incometaxexpense 163,503,787.54 123,682,385.77
5. Netprofit(“-”fornetloss) 506,314,367.36 373,494,409.04
5.1Byoperatingcontinuity
5.1.1 Net profit from continuing 506,314,367.36 373,494,409.04
operations (“-”fornetloss)
5.1.2 Net profit from discontinued
operations (“-”fornetloss)
5.2Byownership
5.2.1 Net profit attributable to 493,294,846.62 363,302,909.34
owners oftheCompanyastheparent
5.2.2 Net profit attributable to 13,019,520.74 10,191,499.70
non-controlling interests
6. Other comprehensive income, net of 0.00 -3,418,191.21
tax
AttributabletoownersoftheCompany 0.00 -3,418,191.21
as theparent
6.1 Items that will not be
reclassified toprofitorloss
6.1.1 Changes in net liabilities or
assets caused by remeasurements on
defined benefitpensionschemes
6.1.2 Share of other
comprehensive income of investees that
will not be reclassified to profit or loss
under equitymethod
6.1.3 Changes in the fair value of
investments inotherequityinstruments
6.1.4 Changes in the fair value of
the company’screditrisks
6.1.5 Other
6.2 Items that may subsequently be 0.00 -3,418,191.21
reclassified toprofitorloss
6.2.1 Share of other
comprehensive income of investees that
will be reclassifiedtoprofitorlossunder
equity method
6.2.2 Changes in the fair value of
investments inotherdebtobligations
6.2.3 Gain/Lossonchangesinthe
fair value of available-for-sale financial 0.00 -3,418,191.21
assets
6.2.4 Other comprehensive
income arising from the reclassification
of financialassets
6.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments toavailable-for-salefinancial
assets
6.2.6 Allowance for credit
impairments in investments in other debt
obligations
6.2.7 Reserve for cash flow
hedges
6.2.8 Differencesarising from the
translation of foreign
currency-denominated financial
statements
6.2.9 Other
Attributable to non-controlling
interests
7. Totalcomprehensiveincome 506,314,367.36 370,076,217.83
AttributabletoownersoftheCompany 493,294,846.62 359,884,718.13
as theparent
Attributable to non-controlling 13,019,520.74 10,191,499.70
interests
8. Earningspershare
8.1Basicearningspershare 0.98 0.72
8.2Dilutedearningspershare 0.98 0.72
Legal representative: Liang Jinhui The Company’s chief accountant: Ye Changqing
Head of the Company’s financial department: Zhu Jiafeng
4. Income Statement of the Company as the Parent for Q3
Unit: RMB
Item Q32019 Q32018
1. Operatingrevenue 1,194,365,169.31 966,230,506.66
Less: Costofsales 502,553,273.90 407,544,411.06
Taxes andsurcharges 293,611,844.72 224,111,296.49
Selling expense 12,543,759.60 56,667,185.18
Administrative expense 106,708,524.92 110,294,343.82
R&D expense 7,250,613.44 3,045,462.80
Finance costs -17,982,297.10 4,498,704.12
Including: Interestexpense 12,839,179.18 0.00
Interest income 30,860,960.92 7,601,319.39
Add: Otherincome 6,167,148.89 6,035,419.81
Investment income(“-”forloss) 10,800,845.34 30,902,683.31
Including: Shareofprofitorloss
of jointventuresandassociates
Derecognition incomeof
financial assets measuredatamortized
cost
Net gainonexposurehedges(“-”
for loss)
Gain onchangesinfairvalue(“-” 5,994,298.28 -255,827.36
for loss)
Credit impairmentloss(“-”for
loss)
Assetsimpairmentloss(“-”for
loss)
Asset disposalincome(“-”for
loss)
2. Operatingprofit(“-”forloss) 312,641,742.34 196,751,378.95
Add: Non-operatingincome 11,030,693.23 8,922,115.32
Less: Non-operatingexpense 825,676.96 2,344,326.21
3. Profitbeforetax(“-”forloss) 322,846,758.61 203,329,168.06
Less: Incometaxexpense 80,711,689.66 51,037,972.71
4. Netprofit(“-”fornetloss) 242,135,068.95 152,291,195.35
4.1 Net profit from continuing 242,135,068.95 152,291,195.35
operations (“-”fornetloss)
4.2 Net profit from discontinued
operations (“-”fornetloss)
5. Other comprehensive income, net of 0.00 -3,389,900.15
tax
5.1Items that will not be reclassified
to profitorloss
5.1.1 Changes in net liabilities or
assets caused by remeasurements on
defined benefitpensionschemes
5.1.2 Other comprehensiveincome
that will not be reclassified to profit or
loss undertheequitymethod
5.1.3 Changes in the fair value of
investments inotherequityinstruments
5.1.4 Changes in the fair value of
the company’screditrisks
5.1.5 Other
5.2 Items that may subsequently be 0.00 -3,389,900.15
reclassified toprofitorloss
5.2.1 Share of other
comprehensive incomeofinvesteesthat
will be reclassified to profit or loss
under equitymethod
5.2.2 Changes in the fair value of
investments inotherdebtobligations
5.2.3 Gain/Loss on changes in the
fair value of available-for-salefinancial 0.00 -3,389,900.15
assets
5.2.4 Other comprehensiveincome
arising from the reclassification of
financial assets
5.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments to available-for-sale
financial assets
5.2.6 Allowance for credit
impairments in investments in other
debt obligations
5.2.7 Reserveforcashflowhedges
5.2.8 Differences arising from the
translation of foreign
currency-denominated financial
statements
5.2.9 Other
6. Totalcomprehensiveincome 242,135,068.95 148,901,295.20
7. Earningspershare
7.1Basicearningspershare 0.48 0.30
7.2Dilutedearningspershare 0.48 0.30
5. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q32019 Q1~Q32018
1. Revenue 8,202,880,349.97 6,762,099,614.81
Including:Operatingrevenue 8,202,880,349.97 6,762,099,614.81
Interest income
Premium income
Handling charge and
commission income
2. Operatingcostsandexpenses 6,023,415,690.08 5,163,614,737.70
Including:Costofsales 1,943,651,781.02 1,492,332,239.51
Interest expense
Handling charge and
commission expense
Surrenders
Net claimspaid
Net amountprovidedas
policy reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes andsurcharges 1,209,011,162.05 991,726,986.48
Selling expense 2,412,676,063.90 2,252,645,873.02
Administrative expense 457,208,804.83 431,508,130.58
R&D expense 25,719,404.29 11,993,003.62
Finance costs -24,851,526.01 -16,591,495.51
Including: Interest 27,013,151.27 0.00
expense
Interest 52,225,855.46 32,453,350.26
income
Add: Otherincome 44,662,596.55 11,725,901.76
Investment income(“-”forloss) 106,012,402.82 105,275,436.64
Including:Shareofprofitorloss
of jointventuresandassociates
Derecognitionincomeof
financial assetsmeasuredatamortized
cost
Foreign exchangegain(“-”for
loss)
Net gainonexposurehedges(“-”
for loss)
Gain onchangesinfairvalue(“-” 17,314,643.84 -19,119.59
for loss)
Credit impairmentloss(“-”for
loss)
Assetsimpairmentloss(“-”for -6,262,466.61 -1,166,140.70
loss)
Asset disposalincome(“-”for 222,766.47 111,079.03
loss)
3. Operatingprofit(“-”forloss) 2,341,414,602.96 1,714,412,034.25
Add: Non-operatingincome 25,549,129.67 25,805,776.85
Less: Non-operatingexpense 3,051,449.71 6,813,434.13
4. Profitbeforetax(“-”forloss) 2,363,912,282.92 1,733,404,376.97
Less: Incometaxexpense 582,649,191.85 444,472,301.01
5. Netprofit(“-”fornetloss) 1,781,263,091.07 1,288,932,075.96
5.1Byoperatingcontinuity(“-”fornet
loss)
5.1.1 Net profit from continuing 1,781,020,727.52 1,288,932,075.96
operations (“-”fornetloss)
5.1.2 Net profit from discontinued
operations (“-”fornetloss)
5.2Byownership
5.2.1 Netprofitattributableto 1,741,611,160.63 1,255,725,246.98
owners oftheCompanyastheparent
5.2 2.Netprofitattributableto 39,651,930.44 33,206,828.98
non-controlling interests
6. Other comprehensive income, net of 0.00 -48,520,466.79
tax
AttributabletoownersoftheCompany 0.00 -48,520,466.79
as theparent
6.1 Items that will not be
reclassified toprofitorloss
6.1.1 Changes in net liabilities or
assets caused by remeasurements on
defined benefitpensionschemes
6.1.2 Share of other
comprehensive income of investees that
will not be reclassified to profit or loss
under equitymethod
6.1.3 Changes in the fair value of
investments inotherequityinstruments
6.1.4 Changes in the fair value of
the company’screditrisks
6.1.5 Other
6.2 Items that may subsequently be 0.00 -48,520,466.79
reclassified toprofitorloss
6.2.1 Share of other
comprehensive income of investees that
will be reclassifiedtoprofitorlossunder
equity method
6.2.2 Changesinthefairvalueof
investments inotherdebtobligations
6.2.3 Gain/Lossonchangesinfair
value ofavailable-for-salefinancial 0.00 -48,520,466.79
assets
6.2.4. Othercomprehensive
income arisingfromthereclassification
of financialassets
6.2.5 Gain/Lossarisingfrom
reclassification ofheld-to-maturity
investments toavailable-for-salefinancial
assets
6.2.6Allowanceforcredit
impairments ininvestmentsinotherdebt
obligations
6.2.7 Reserveforcashflow
hedges
6.2.8 Differences arising from
translation of foreign
currency-denominated financial
statements
6.2.9 Other
Attributable to non-controlling
interests
7. Totalcomprehensiveincome 1,781,263,091.07 1,240,411,609.17
AttributabletoownersoftheCompany 1,741,611,160.63 1,207,204,780.19
as theparent
Attributable to non-controlling 39,651,930.44 33,206,828.98
interests
8. Earningspershare
8.1Basicearningspershare 3.46 2.49
8.2Dilutedearningspershare 3.46 2.49
Legal representative: Liang Jinhui The Company’s chief accountant: Ye Changqing
Head of the Company’s financial department: Zhu Jiafeng
6. Income Statement of the Company as the Parent for Q1~Q3
Unit: RMB
Item Q1~Q32019 Q1~Q32018
1. Operatingrevenue 4,339,047,632.89 3,339,740,226.62
Less: Costofsales 1,780,471,850.81 1,369,991,138.38
Taxes andsurcharges 1,058,210,690.84 836,991,302.87
Selling expense 58,430,231.41 146,852,888.17
Administrative expense 309,366,786.60 293,729,948.49
R&D expense 16,286,743.25 10,431,247.70
Finance costs -20,041,354.26 -12,706,830.00
Including: Interestexpense 26,846,026.27 0.00
Interest income 48,601,883.96 27,845,600.69
Add: Otherincome 9,539,867.14 8,398,899.82
Investment income(“-”forloss) 42,684,714.10 92,204,951.64
Including: Share of profit or
loss ofjointventuresandassociates
Derecognitionincomeof
financial assetsmeasuredatamortized
cost
Net gainonexposurehedges
(“-” forloss)
Gain onchangesinfairvalue 17,314,643.84 -19,119.59
(“-” forloss)
Credit impairmentloss(“-”for
loss)
Assets impairmentloss(“-”for -6,131,316.45 -1,440,847.72
loss)
Asset disposalincome(“-”for 36,552.41 0.00
loss)
2. Operatingprofit(“-”forloss) 1,199,767,145.28 793,594,415.16
Add: Non-operatingincome 20,373,416.46 21,200,416.41
Less: Non-operatingexpense 2,050,990.73 5,660,670.73
3. Profitbeforetax(“-”forloss) 1,218,089,571.01 809,134,160.84
Less: Incometaxexpense 291,973,758.82 213,614,710.77
4. Netprofit(“-”fornetloss) 926,115,812.19 595,519,450.07
4.1 Net profit from continuing 926,115,812.19 595,519,450.07
operations (“-”fornetloss)
4.2 Net profit from discontinued
operations (“-”fornetloss)
5. Other comprehensive income, net of 0.00 -48,454,375.73
tax
5.1Items that will not be reclassified
to profitorloss
5.1.1 Changes in net liabilities or
assets caused by remeasurements on
defined benefitpensionschemes
5.1.2 Share of other
comprehensive incomeofinvesteesthat
will not be reclassified to profit or loss
under equitymethod
5.1.3 Changesinthefairvalueof
investments inotherdebtobligations
5.1.4 Changesinthefairvalueof
the company’screditrisks
5.1.5 Other
5.2 Items that may subsequently be 0.00 -48,454,375.73
reclassified toprofitorloss
5.2.1 Share of other
comprehensive incomeofinvesteesthat
will be reclassified to profit or loss
under equitymethod
5.2.2 Changesinthefairvalueof
investments inotherdebtobligations
5.2.3 Gain/Lossonchangesinfair
value ofavailable-for-salefinancial 0.00 -48,454,375.73
assets
5.2.4 Othercomprehensiveincome
arising fromthereclassificationof
financial assets
5.2.5 Gain/Lossarisingfrom
reclassification ofheld-to-maturity
investments toavailable-for-sale
financial assets
5.2.6 Allowanceforcredit
impairments ininvestmentsinother
debt obligations
5.2.7 Reserveforcashflowhedges
5.2.8 Differences arising from
translation of foreign
currency-denominated financial
statements
5.2.9 Other
6. Totalcomprehensiveincome 926,115,812.19 547,065,074.34
7. Earningspershare
7.1Basicearningspershare 1.84 1.18
7.2Dilutedearningspershare 1.84 1.18
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q32019 Q1~Q32018
1. Cashflowsfromoperatingactivities:
Proceeds from sale of commodities 8,252,482,399.40 7,234,393,863.39
and renderingofservices
Netincreaseincustomerdepositsand
interbank deposits
Net increase in borrowings from
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Netproceedsfromreinsurance
Net increase in deposits and
investments ofpolicyholders
Interest, handling charges and
commissions received
Net increase in interbank loans
obtained
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Taxrebates 20,674,445.06 5,652,636.00
Cashgenerated from other operating 711,377,701.47 752,962,249.94
activities
Subtotal of cash generated from 8,984,534,545.93 7,993,008,749.33
operating activities
Payments for commodities and 1,579,978,848.34 1,161,445,122.31
services
Netincreaseinloansandadvancesto
customers
Net increase in deposits in central
bank andininterbankloansgranted
Paymentsforclaimsonoriginal
insurance contracts
Netincreaseininterbankloans
granted
Interest,handlingchargesand
commissions paid
Policydividendspaid
Cashpaidtoandforemployees 1,445,715,909.31 1,096,353,967.34
Taxespaid 2,674,734,494.33 2,355,225,927.92
Cash used in other operating 1,042,733,789.19 842,524,816.77
activities
Subtotal of cash used in operating 6,743,163,041.17 5,455,549,834.34
activities
Net cash generated from/used in 2,241,371,504.76 2,537,458,914.99
operating activities
2. Cashflowsfrominvestingactivities:
Proceedsfromdisinvestment 3,337,200,054.88 1,947,182,948.35
Investmentincome 131,076,489.02 98,688,294.81
Net proceeds from disposal of fixed
assets, intangible assets and other 294,196.00 190,780.00
long-lived assets
Net proceeds from disposal of
subsidiaries orotherbusinessunits
Cash generated from other investing
activities
Subtotal of cash generated from 3,468,570,739.90 2,046,062,023.16
investing activities
Payments for acquisition of fixed
assets, intangible assets and other 242,619,594.59 236,113,190.57
long-lived assets
Paymentsforinvestments 2,355,560,163.50 2,577,352,685.44
Netincreaseinpledgedloansgranted
Net payments for acquisition of
subsidiaries andotherbusinessunits
Cash used in other investing
activities
Subtotal of cash used in investing 2,598,179,758.09 2,813,465,876.01
activities
Net cash generated from/used in 870,390,981.81 -767,403,852.85
investing activities
3. Cashflowsfromfinancingactivities:
Capitalcontributionsreceived
Including: Capitalcontributionsby
non-controlling intereststosubsidiaries
Increaseinborrowingsobtained
Cashgeneratedfromotherfinancing
activities
Subtotal of cash generated from
financing activities
Repaymentofborrowings
Paymentsforinterestanddividends 755,400,000.00 503,600,000.00
Including: Dividends paid by
subsidiaries tonon-controllinginterests
Cash used in other financing
activities
Subtotal of cash used in financing 755,400,000.00 503,600,000.00
activities
Net cash generated from/used in -755,400,000.00 -503,600,000.00
financing activities
4. Effect of foreign exchange rate
changes oncashandcashequivalents
5. Net increase in cash and cash 2,356,362,486.57 1,266,455,062.14
equivalents
Add: Cash and cash equivalents, 835,560,865.12 1,024,088,626.40
beginning oftheperiod
6. Cashandcashequivalents,endofthe 3,191,923,351.69 2,290,543,688.54
period
8. Cash Flow Statement of the Company as the Parent for Q1~Q3
Unit: RMB
Item Q1~Q32019 Q1~Q32018
1. Cashflowsfromoperatingactivities:
Proceeds from sale of commodities 4,685,243,331.72 3,141,049,319.18
and renderingofservices
Taxrebates 4,448,500.00 4,523,679.80
Cashgenerated from other operating 659,722,935.80 710,469,125.62
activities
Subtotal of cash generated from 5,349,414,767.52 3,856,042,124.60
operating activities
Payments for commodities and 1,129,158,021.75 860,712,047.84
services
Cashpaidtoandforemployees 503,962,356.85 415,612,241.11
Taxespaid 1,655,999,073.07 1,443,242,295.51
Cash used in other operating 248,287,619.33 183,422,505.37
activities
Subtotal of cash used in operating 3,537,407,071.00 2,902,989,089.83
activities
Net cash generated from/used in 1,812,007,696.52 953,053,034.77
operating activities
2. Cashflowsfrominvestingactivities:
Proceedsfromdisinvestment 1,811,640,054.88 1,616,531,449.45
Investmentincome 42,691,828.68 94,048,416.72
Net proceeds from disposal of fixed
assets, intangible assets and other 41,304.23 0.00
long-lived assets
Net proceeds from disposal of
subsidiaries orotherbusinessunits
Cash generated from other investing
activities
Subtotal of cash generated from 1,854,373,187.79 1,710,579,866.17
investing activities
Payments for acquisition of fixed
assets, intangible assets and other 176,617,514.16 149,014,040.26
long-lived assets
Paymentsforinvestments 726,900,163.50 1,397,352,685.44
Net payments for acquisition of
subsidiaries andotherbusinessunits
Cash used in other investing
activities
Subtotal of cash used in investing 903,517,677.66 1,546,366,725.70
activities
Net cash generated from/used in 950,855,510.13 164,213,140.47
investing activities
3. Cashflowsfromfinancingactivities:
Capitalcontributionsreceived
Increaseinborrowingsobtained
Cashgenerated from other financing
activities
Subtotal of cash generated from
financing activities
Repaymentofborrowings
Paymentsforinterestanddividends 755,400,000.00 503,600,000.00
Cash used in other financing
activities
Subtotal of cash used in financing 755,400,000.00 503,600,000.00
activities
Net cash generated from/used in -755,400,000.00 -503,600,000.00
financing activities
4. Effect of foreign exchange rate
changes oncashandcashequivalents
5. Net increase in cash and cash 2,007,463,206.65 613,666,175.24
equivalents
Add: Cash and cash equivalents, 708,172,917.59 826,262,109.02
beginning oftheperiod
6. Cashandcashequivalents,endofthe 2,715,636,124.24 1,439,928,284.26
period
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the Execution of any New Standards
Governing Financial Instruments, Revenue or Leases from 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet
Unit: RMB
Item 31December2018 1January2019 Adjusted
Current assets:
Monetarycapital 1,705,760,865.12 1,705,760,865.12
Settlementreserve
Interbankloansgranted
Tradingfinancialassets 0.00 2,965,016,000.42 2,965,016,000.42
Financial assets at fair 622,892.96 0.00 -622,892.96
value throughprofitorloss
Derivativefinancialassets
Notesreceivable 1,347,427,811.34 1,347,427,811.34
Accountsreceivable 29,748,068.74 29,748,068.74
Accountsreceivable
financing
Prepayments 182,558,000.75 182,558,000.75
Premiumsreceivable
Reinsurancereceivables
Receivable reinsurance
contract reserve
Otherreceivables 43,342,878.22 43,342,878.22
Including: Interest 24,923,178.08 24,923,178.08
receivable
Dividends
receivable
Financial assets purchased
under resaleagreements
Inventories 2,407,306,664.86 2,407,306,664.86
Contractualassets
Assets classified as held
for sale
Current portion of 300,000,000.00 300,000,000.00
non-current assets
Othercurrentassets 3,012,478,687.20 254,478,687.20 -2,758,000,000.00
Total currentassets 9,029,245,869.19 9,235,638,976.65 206,393,107.46
Non-current assets:
Loans and advances to
customers
Investmentsindebt
obligations
Available-for-salefinancial 206,393,107.46 0.00 -206,393,107.46
assets
Investmentsinotherdebt
obligations
Held-to-maturity
investments
Long-termreceivables
Long-term equity 4,900,000.00 4,900,000.00
investments
Investmentsinotherequity
instruments
Othernon-currentfinancial
assets
Investmentproperty 5,027,228.53 5,027,228.53
Fixedassets 1,763,988,530.56 1,763,988,530.56
Constructioninprogress 93,320,557.56 93,320,557.56
Productivelivingassets
Oilandgasassets
Right-of-useassets
Intangibleassets 742,083,609.10 742,083,609.10
R&Dexpense
Goodwill 478,283,495.29 478,283,495.29
Long-term prepaid 83,561,473.46 83,561,473.46
expense
Deferredincometaxassets 86,580,171.06 86,580,171.06
Othernon-currentassets 16,544,407.51 16,544,407.51
Total non-currentassets 3,480,682,580.53 3,274,289,473.07 -206,393,107.46
Total assets 12,509,928,449.72 12,509,928,449.72
Current liabilities:
Short-termborrowings
Borrowings from central
bank
Interbankloansobtained
Tradingfinancialliabilities
Financial liabilities at fair
value throughprofitorloss
Derivative financial
liabilities
Notespayable 349,203,413.72 349,203,413.72
Accountspayable 484,952,598.59 484,952,598.59
Advancesfromcustomers 1,149,143,310.48 1,149,143,310.48
Contractualliabilities
Financialassets sold under
repurchase agreements
Customer deposits and
interbank deposits
Payablesfor acting trading
of securities
Payables for underwriting 457,299,476.43 457,299,476.43
of securities
Payrollpayable 372,993,624.18 372,993,624.18
Taxespayable 1,192,020,147.82 1,192,020,147.82
Otherpayables
Including: Interest
payable
Dividends
payable
Handling charges and
commissions payable
Reinsurancepayables
Liabilities directly
associated with assets
classified asheldforsale
Current portion of
non-current liabilities
Othercurrentliabilities 295,164,745.44 295,164,745.44
Total currentliabilities 4,300,777,316.66 4,300,777,316.66
Non-current liabilities:
Insurancecontractreserve
Long-termborrowings
Bondspayable
Including: Preferred
shares
Perpetual
bonds
Leaseliabilities
Long-termpayables
Long-termpayrollpayable
Provisions
Deferredincome 76,636,500.55 76,636,500.55
Deferred income tax 102,764,515.11 102,764,515.11
liabilities
Other non-current
liabilities
Totalnon-currentliabilities 179,401,015.66 179,401,015.66
Total liabilities 4,480,178,332.32 4,480,178,332.32
Owners’equity:
Sharecapital 503,600,000.00 503,600,000.00
Otherequityinstruments
Including: Preferred
shares
Perpetual
bonds
Capitalreserves 1,295,405,592.25 1,295,405,592.25
Less:Treasurystock
Other comprehensive 4,794,830.59 0.00 -4,794,830.59
income
Specificreserve
Surplusreserves 256,902,260.27 256,902,260.27
Generalreserve
Retainedearnings 5,541,281,341.47 5,546,076,172.06 4,794,830.59
Total equity attributable to
owners of the Company as 7,601,984,024.58 7,601,984,024.58
the parent
Non-controlling interests 427,766,092.82 427,766,092.82
Total owners’equity 8,029,750,117.40 8,029,750,117.40
Total liabilities and owners’ 12,509,928,449.72 12,509,928,449.72
equity
Notes for the adjustment
Ministry of Finance has issued the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of
Financial Instruments (CK[2017] No. 7), Accounting Standards for Business Enterprises No. 23 – Transfer of Financial Assets
(CK[2017] No. 8), Accounting Standards for Business Enterprises No. 24 – Hedging Accounting (CK[2017] No. 9), and Accounting
Standards for Business Enterprises No. 37 – Presentation of Financial Instruments (CK[2017] No. 14) in 2017 after amendment, and
the Company has implemented the aforesaid new accounting standards from 1 January 2019. The previous comparative data of
financial statements inconsistent with the requirements of the new standards dispense with adjustments according to the new
standards governing financial instruments. The specific influenced items and the amount refer to the above adjustment report.
Balance Sheet of the Company as the Parent
Unit: RMB
Item 31December2018 1January2019 Adjusted
Current assets:
Monetarycapital 1,078,172,917.59 1,078,172,917.59
Tradingfinancialassets 0.00 1,807,016,000.42 1,807,016,000.42
Financial assets at fair 622,892.96 0.00 -622,892.96
value throughprofitorloss
Derivativefinancialassets
Notesreceivable 1,256,336,386.34 1,256,336,386.34
Accountsreceivable 9,385,950.54 9,385,950.54
Accountsreceivable
financing
Prepayments 10,869,911.54 10,869,911.54
Otherreceivables 110,800,665.19 110,800,665.19
Including: Interest
receivable
Dividends
receivable
Inventories 2,125,826,967.11 2,125,826,967.11
Contractualassets
Assets classified as held
for sale
Current portion of
non-current assets
Othercurrentassets 1,764,267,968.83 164,267,968.83 -1,600,000,000.00
Total currentassets 6,356,283,660.10 6,562,676,767.56 206,393,107.46
Non-current assets:
Investmentsindebt
obligations
Available-for-salefinancial 206,393,107.46 0.00 -206,393,107.46
assets
Investmentsinotherdebt
obligations
Held-to-maturity
investments
Long-termreceivables
Long-term equity 1,148,213,665.32 1,148,213,665.32
investments
Investmentsinotherequity
instruments
Othernon-currentfinancial
assets
Investmentproperty 24,715,657.40 24,715,657.40
Fixedassets 1,290,714,455.79 1,290,714,455.79
Constructioninprogress 86,634,753.93 86,634,753.93
Productivelivingassets
Oilandgasassets
Right-of-useassets
Intangibleassets 189,968,142.25 189,968,142.25
R&Dexpense
Goodwill
Long-term prepaid 56,643,945.05 56,643,945.05
expense
Deferredincometaxassets 37,415,458.17 37,415,458.17
Othernon-currentassets 12,474,026.00 12,474,026.00
Total non-currentassets 3,053,173,211.37 2,846,780,103.91 -206,393,107.46
Total assets 9,409,456,871.47 9,409,456,871.47
Current liabilities:
Short-termborrowings
Tradingfinancialliabilities
Financial liabilities at fair
value throughprofitorloss
Derivative financial
liabilities
Notespayable 28,648,913.72 28,648,913.72
Accountspayable 362,290,556.21 362,290,556.21
Advancesfromcustomers 1,123,125,892.84 1,123,125,892.84
Contractualliabilities
Payrollpayable 117,748,485.96 117,748,485.96
Taxespayable 161,176,957.25 161,176,957.25
Otherpayables 372,902,293.22 372,902,293.22
Including:Interest
payable
Dividends
payable
Liabilities directly
associated with assets
classified asheldforsale
Current portion of
non-current liabilities
Othercurrentliabilities 32,605,794.55 32,605,794.55
Total currentliabilities 2,198,498,893.75 2,198,498,893.75
Non-current liabilities:
Long-termborrowings
Bondspayable
Including: Preferred
shares
Perpetual
bonds
Leaseliabilities
Long-termpayables
Long-termpayrollpayable
Provisions
Deferredincome 36,417,554.85 36,417,554.85
Deferred income tax 4,828,737.52 4,828,737.52
liabilities
Other non-current
liabilities
Total non-currentliabilities 41,246,292.37 41,246,292.37
Total liabilities 2,239,745,186.12 2,239,745,186.12
Owners’equity:
Sharecapital 503,600,000.00 503,600,000.00
Otherequityinstruments
Including: Preferred
shares
Perpetual
bonds
Capitalreserves 1,247,162,107.35 1,247,162,107.35
Less:Treasurystock
Othercomprehensive 4,794,830.59 0.00 -4,794,830.59
income
Specificreserve
Surplusreserves 251,800,000.00 251,800,000.00
Retainedearnings 5,162,354,747.41 5,167,149,578.00 4,794,830.59
Total owners’equity 7,169,711,685.35 7,169,711,685.35
Total liabilities and owners’ 9,409,456,871.47 9,409,456,871.47
equity
Notes for the adjustment
Ministry of Finance has issued the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of
Financial Instruments (CK[2017] No. 7), Accounting Standards for Business Enterprises No. 23 – Transfer of Financial Assets
(CK[2017] No. 8), Accounting Standards for Business Enterprises No. 24 – Hedging Accounting (CK[2017] No. 9), and Accounting
Standards for Business Enterprises No. 37 – Presentation of Financial Instruments (CK[2017] No. 14) in 2017 after amendment, and
the Company has implemented the aforesaid new accounting standards from 1 January 2019. The previous comparative data of
financial statements inconsistent with the requirements of the new standards dispense with adjustments according to the new
standards governing financial instruments. The specific influenced items and the amount refer to the above adjustment report.
2. Retrospective Restatement of Previous Comparative Data due to the Execution of any New Standards
Governing Financial Instruments or Leases from 2019
□ 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.
Chairman of the Board: (Liang Jinhui)
Anhui Gujing Distillery Company Limited
25 October 2019
查看公告原文
首页
微信公众号
证券之星APP
