古井贡Ｂ：第一季度报告全文（英文版） .ppt

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1、Anhui Gujing Distillery Company LimitedThe First Quarterly Report 20121 Important Notes1.1 The Board of Directors,the Supervisory Committee as well as directors,supervisors and senior executives of Anhui Gujing Distillery Company Limited(hereinafter referred to as“the Company”)guarantee that this re

2、port does not containany false information,misleading statement or material omission and will takeindividual and/or joint liabilities for the factuality,accuracy and completeness of thisreport.1.2 Financial statements for the first quarter of 2012 have not been audited by anaccounting firm.1.3 Mr.Yu

3、 Lin,principal of the Company,Mr.Ye Changqing,principal of theaccounting work,and Ms.Xia Xueyun,person in charge of the accounting organ(chief accountant),hereby confirm that the financial statements enclosed in thequarterly report are factual and complete.English Translation for Reference Only.Shou

4、ld there be any discrepancy between thetwo versions,the Chinese version shall prevail.2 Company Profile2.1 Main accounting data and financial indicesUnit:RMB Yuan,31 Mar.2012,31 Dec.2011,Increase/decrease(%),Total assets(Yuan)Owners equity attributable to shareholders ofthe Company(Yuan)Total share

5、capital(share)Net assets per share attributable to shareholdersof the Company(Yuan/share)Gross revenue(Yuan)Net profit attributable to shareholders of theCompany(Yuan)Net cash flows from operating activities(Yuan)Net cash flows per share from operatingactivities(Yuan/share)Basic EPS(Yuan/share)Dilut

6、ed EPS(Yuan/share)Weighted average ROEWeighted average ROE after deductingnon-recurring gains and losses,4,314,015,510.033,017,207,021.53251,800,000.0011.98Jan.-Mar.20121,318,602,541.17256,091,737.08-43,944,281.40-0.171.021.028.86%8.75%,4,241,819,550.302,761,115,284.45251,800,000.0010.97Jan.-Mar.201

7、1941,428,281.84167,158,132.24-9,490,044.01-0.040.710.7114.75%14.55%,1.70%9.27%0.00%9.21%Increase/decrease(%)40.06%53.20%-363.06%-336.30%43.66%43.66%-5.89%-5.80%,Items of non-recurring gains and losses,Applicable,Inapplicable,Unit:RMB Yuan,Items of non-recurring gains and lossesNon-operating net inco

8、meEffect on income taxTotal,Amount from 1 Jan.2012 to 31Mar.20124,384,694.94-1,096,173.743,288,521.20,Notes(if applicable),2.2 As at the end of reporting period,the total number of shareholders andshareholding by the top ten shareholders with shares not subject to trading1,GF,moratoriumUnit:share,To

9、tal number of shareholders at the end ofthe reporting periodShares held by the top ten shareholders not subject to trading moratorium,10,980,Full name of shareholder,Shares not subject to tradingmoratorium held at the period-end,Type of share,ANHUILIMITED,GUJING,GROUP,COMPANY,135,702,011 RMB ordinar

10、y shares,KGI ASIA LIMITEDGUOTAI JUNANSECURITIES(HONGKONG)LIMITEDCHINA MERCHANTS SECURITIES(HK)CO.,LTDUBS(LUXEMBOURG)S.A.,5,183,214 Domestically listed foreign shares4,495,704 Domestically listed foreign shares4,325,012 Domestically listed foreign shares3,686,917 Domestically listed foreign shares,TR

11、IVEST CHINA FOCUSFUND,MASTER,3,275,143 Domestically listed foreign shares,INDUSTRIAL AND COMMERCIAL BANK,OF CHINA-ACCUMULATION,WEALTHOPEN-ENDED,3,000,000 RMB ordinary shares,EQUITY FUNDINDUSTRIAL AND COMMERCIAL BANK,OF CHINA-GALAXY YINTAI FINANCINGDIVIDEND FUNDINDUSTRIAL AND COMMERCIAL BANKOF CHINA-

12、TIANHONG SELECTED MIXEDTYPE FUND,2,743,848 RMB ordinary shares2,431,935 RMB ordinary shares,AGRICULTURAL,BANK,OF,CHINA-SOOCHOW,VALUE,GROWTH,2,412,712 RMB ordinary shares,DOUBLE POWER STOCK FUND3 Significant Events3.1 Significant changes in major accounting data,financial highlights and reasons forth

13、ese changes,Applicable,Non-applicable,(1)Notes receivable at the period-end increased 42.18%over the year-begin,whichwas mainly because income increased and more transactions were settled with notes.(2)Interest receivable at the period-end decreased 100%over the year-begin,whichwas mainly because ma

14、ture term deposits flowed in.(3)Construction in progress at the period-end increased 37.89%over the year-begin,which was mainly because of the on-going projects financed with raised funds andthose with self-owned funds.(4)Accounts payable at the period-end decreased 44.95%over the year-begin,whichwa

15、s mainly because the Company paid for materials.(5)Accounts received in advance at the period-end increased 70.94%over theyear-begin,which was mainly because sales expanded and goods payments receivedin advance increased accordingly.(6)Operating revenue for the reporting period increased 40.06%over

16、the same periodof last year,which was mainly because the sales volume of distilled spirit increased.(7)Operating cost for the reporting period increased 38.61%over the same period oflast year,which was mainly because sales increased.(8)Business taxes and surtaxes for the reporting period increased 3

17、8.69%over thesame period of last year,which was mainly because sales increased.(9)Selling expense for the reporting period increased 67.02%over the same period of2,last year,which was mainly because the Company input more effort for salespromotion,causing higher expenses on services and advertising.

18、(10)Financial expense for the reporting period decreased 235.79%over the sameperiod of last year,which was mainly because the note handling fees received by theCompany and the interest income from structural deposits increased.(11)Operating profit for the reporting period increased 58.54%over the sa

19、me periodof last year,which was mainly because sales income increased.(12)Total profit for the reporting period increased 58.35%over the same period oflast year,which was mainly because sales income increased.(13)Income tax expense for the reporting period increased 73.91%over the sameperiod of last

20、 year,which was mainly because total profit increased.(14)Net profit for the reporting period increased 53.20%over the same period of lastyear,which was mainly because sales income increased.(15)Net cash flows from operating activities for the reporting period decreased363.06%over the same period of

21、 last year,which was mainly because the weight ofsettlements with notes increased and holdover taxes from 2011 were paid in thereporting period.3.2 Progress of significant events as well as their influence and solutions3.2.1 Non-standard audit opinion,Applicable,Inapplicable,3.2.2 The Company provid

22、es funds for the controlling shareholder or its relatedparties or provides external guarantees in violation of the prescribed procedure,Applicable,Inapplicable,3.2.3 Significant contracts signed and executed concerning routine operation,Applicable3.2.4 OtherApplicable,InapplicableNon-applicable,Rais

23、ed investmentproject,Budget input(1),Accumulative Investment progress asinvested amount at the end of the period(2)(3)(2)/(1),Change ornot,Remark,TechnologicalTransform on the,Brewage of,12,194.42,1,509.79,12.38%,No,High-quality BaseWineConstruction ofBase Wine,Blending&Filling,65,921.06,7,102.73,10

24、.77%,No,Centre andAncillary Facilities,Construction ofMarketing Network,27,500.00,11,146.75,40.53%,No,Construction of,Brand,17,000.00,8,022.98,47.19%,No,Communication,Total,122,615.48,27,782.25,22.66%,No,3.3 Commitments made by the Company,its shareholders and actual controllerCommitments made by th

25、e Company,its directors,supervisors,senior executives,3,Items,in,shareholders holding over 5%of the Companys shares,actual controller and otherrelated parties in the reporting period,or such commitments carried down into thereporting period,Applicable,Inapplicable,3.4 Warnings of possible loss or la

26、rge-margin change of the accumulated net profitmade during the period from the beginning of the year to the end of the next reportingperiod compared with the same period of the last year according to prediction,as wellas explanations on the reasons,Applicable,Inapplicable,3.5 Other significant event

27、s3.5.1 Securities investment,Applicable,Inapplicable,3.5.2 Reception of research,interviews and visits in the reporting periodThe Company received no field researches or written inquiries from investors duringthe reporting period.3.6 Derivative Investment,Applicable,Inapplicable,3.6.1 Derivatives he

28、ld as at the end of the reporting period,Applicable4 Attachment4.1 Balance sheet,Inapplicable,Prepared by Anhui Gujing Distillery Company Limited,31 Mar.2012,Unit:RMB Yuan,Current assets:,Closing AmountConsolidation Parent Company,Opening amountConsolidation Parent Company,Monetary fundsSettlement r

29、eservesLendings to banks andother financial institutionsTransactional financialassets,1,880,825,929.70 1,779,943,267.50 2,082,032,491.33 1,885,937,555.53,Notes receivableAccounts receivable,697,464,258.2338,817,660.94,688,364,258.237,342,972.46,490,543,018.4937,685,831.22,481,125,332.251,857,487.49,

30、Accountsadvance,paid,282,036,073.00,195,522,238.03,233,262,710.73,148,873,681.27,Premiums receivableReinsurance premiumsreceivableReceivable reinsurancecontract reserves,Interest receivableDividend receivable,4,451,540.35,4,395,740.35,Otherreceivable,accounts,11,453,186.99,191,971,944.78,7,882,417.8

31、6,263,635,938.96,Financial,assets,4,in,of,purchasedagreements to resell,under,Inventories,557,823,278.87,516,293,171.77,578,157,069.43,545,878,714.66,Non-current assets duewithin 1 yearOther current assets,Total current assetsNon-current assets:Entrusted loansadvances grantedAvailable-for-salefinanc

32、ial assetsHeld-to-maturityinvestments,and,3,468,420,387.73 3,379,437,852.77 3,434,015,079.41 3,331,704,450.51,Long-termreceivable,accounts,Long-terminvestment,equity,267,989,408.32,247,991,408.32,Investing propertyFixed assetsConstructionprogress,32,242,497.23353,013,971.86183,420,195.37,32,242,497.

33、23145,327,008.53189,339,586.04,32,558,410.26362,778,190.84133,017,100.51,32,558,410.26152,140,192.21132,982,180.51,Engineering materialsDisposal of fixed assets,ProductionassetsOil-gas assets,biological,Intangible assets,247,003,999.99,123,932,489.44,248,594,232.04,124,709,474.17,R&D expenseGoodwill

34、,Long-termexpenses,deferred,8,736,386.15,4,001,985.89,9,678,465.54,4,536,265.22,Deferred income taxassets,21,178,071.70,20,167,034.56,21,178,071.70,20,167,034.56,Otherassets,non-current,Totalassets,non-current,845,595,122.30,783,000,010.01,807,804,470.89,715,084,965.25,Total assetsCurrent liabilitie

35、s:Short-term borrowings,4,314,015,510.03 4,162,437,862.78 4,241,819,550.30 4,046,789,415.76,BorrowingsCentral BankCustomer,frombank,deposits and due to banks,and,other,financial,institutionsBorrowings from banks5,(or,and,other,financial,institutionsTransactional financialliabilitiesNotes payable,Acc

36、ounts payableAccounts received inadvance,121,022,939.98231,790,342.70,105,213,707.46958,229,443.67,219,823,856.45135,597,187.88,225,568,150.93590,174,171.08,Financial assets soldfor repurchaseHandling charges andcommissions payable,Employeescompensation payableTax payable,170,111,229.31506,751,123.2

37、9,82,135,674.04283,087,043.47,192,762,077.27671,079,511.43,102,876,125.19446,265,127.40,Interest payableDividend payable,Other accounts payable,255,100,166.37,98,353,074.85,248,890,018.78,89,012,417.91,Reinsurance premiumspayable,Insurance,contract,reservesPayables for actingtrading of securitiesPay

38、ables for actingunderwriting of securitiesNon-current liabilitiesdue within 1 year,Other current liabilities,1,556,781.56,1,348,500.00,2,075,708.75,1,798,000.00,Total current liabilitiesNon-current liabilities:Long-term borrowingsBonds payableLong-term payablesSpecific payablesEstimated liabilitiesD

39、eferred income taxliabilities,1,286,332,583.21 1,528,367,443.49 1,470,228,360.56 1,455,693,992.51,OtherliabilitiesTotalliabilities,non-currentnon-current,10,475,905.2910,475,905.29,10,354,500.2010,354,500.20,10,475,905.2910,475,905.29,10,354,500.2010,354,500.20,Total liabilities,1,296,808,488.50 1,5

40、38,721,943.69 1,480,704,265.85 1,466,048,492.71,Owners,equity,(or,shareholders equity),Paid-up capitalshare capital),251,800,000.00,251,800,000.00,251,800,000.00,251,800,000.00,Capital reserves,1,546,738,493.19 1,498,962,107.35 1,546,738,493.19 1,498,962,107.356,and,Items,Less:Treasury stockSpecific

41、 reserves,Surplus reserves,147,070,297.60,141,968,037.33,147,070,297.60,141,968,037.33,Provisions for generalrisks,Retained profits,1,071,598,230.74,730,985,774.41,815,506,493.66,688,010,778.37,Foreign,exchange,differenceTotal equity attributable,to,owners,of,the 3,017,207,021.53 2,623,715,919.09 2,

42、761,115,284.45 2,580,740,923.05,CompanyMinority interests,Total owners equityTotal liabilitiesowners equity4.2 Income statement,3,017,207,021.53 2,623,715,919.09 2,761,115,284.45 2,580,740,923.054,314,015,510.03 4,162,437,862.78 4,241,819,550.30 4,046,789,415.76,Prepared by Anhui Gujing Distillery C

43、ompany Limited,Jan.-Mar.2012,Unit:RMB Yuan,Jan.-Mar.2012Consolidation The Company,Jan.-Mar.2011Consolidation The Company,I.Totalrevenues,operating,1,318,602,541.17,801,383,474.80,941,428,281.84,555,599,718.45,Including:Sales income,1,318,602,541.17,801,383,474.80,941,428,281.84,555,599,718.45,Intere

44、st incomePremium incomeHandling chargeand commission income,II.Total operating costIncluding:Cost of sales,970,874,208.54333,021,724.15,734,477,989.72325,780,827.50,722,099,801.28240,266,709.53,448,289,585.09233,134,564.38,Interest expensesHandling chargeand commission expensesSurrendersNet claims p

45、aid,Net,amount,withdrawn,for,the,insurance contract reserve,Expenditurepolicy dividendsReinsurancepremium,on,Taxesassociate chargesSellingdistribution expensesAdministrative,andand,203,896,317.96362,599,634.1592,703,872.45,202,578,858.39160,000,085.4255,225,336.74,147,019,532.28217,095,182.66124,075

46、,764.99,139,625,655.7378,865,985.21,7,to,to,expenses,Financial expenses,-21,347,340.17,-9,107,118.33,-6,357,388.18,-3,336,620.23,Asset impairmentlossAdd:Gain/(loss)fromchange in fair value(“-”means loss),Gain/(loss)investment(“-”,frommeans,loss)Including:share of profitsin associates and jointventur

47、esForeign exchange gains(“-”means loss),III.Business profit(“-”means loss)Add:non-operatingincomeLess:non-operatingexpenseIncluding:lossfrom,347,728,332.634,790,792.59406,097.65,66,905,485.083,495,035.9584,471.00,219,328,480.563,147,758.19106,126.09,107,310,133.361,055,726.5439,123.05,non-current as

48、set disposal,IV.Totalmeans loss)Less:expense,profitIncome,(“-”tax,352,113,027.5796,021,290.49,70,316,050.0327,341,053.99,222,370,112.6655,211,980.42,108,326,736.8526,616,590.14,V.Net profit(“-”meansloss)Attributableowners of the Company,256,091,737.08256,091,737.08,42,974,996.0442,974,996.04,167,158

49、,132.24167,158,132.24,81,710,146.7181,710,146.71,Minorityshareholders incomeVI.Earnings per share,(I)basic earnings pershare(II)diluted earningsper share,1.021.02,0.170.17,0.710.71,0.350.35,.Other comprehensiveincomes,.Total comprehensiveincomesAttributableowners of the Company,256,091,737.08256,091

50、,737.08,42,974,996.0442,974,996.04,167,158,132.24167,158,132.24,81,710,146.7181,710,146.71,Attributable,to,minority shareholders8,Items,to,4.3 Cash flow statement,Prepared by Anhui Gujing Distillery Company Limited,Jan.-Mar.2012,Unit:RMB Yuan,I.Cash flows fromoperating activities:Cash received from,