2023-05-18-深交所-泸州老窖_2023年第一季度报告（英文版）_13页_472kb

报告摘要

Luzhou Laojiao Co., Ltd. Q1 2023 Summary

Core Content Overview

This report provides the financial and shareholder information of Luzhou Laojiao Co., Ltd. for the first quarter of 2023. The Company and its Board of Directors guarantee the accuracy and completeness of the information provided. The report includes key financial data, non-recurring gains and losses, changes in financial data, and details of the financial statements.

Main Financial Highlights

1.1 Key Accounting Data and Financial Indicators

Operating Revenues: CNY 7,610,153,819.27 (Q1 2023), up by 20.57% YoY
Net Profits Attributable to Shareholders: CNY 3,712,618,630.92 (Q1 2023), up by 29.10% YoY
Net Profits Before Non-recurring Gains/Losses: CNY 3,688,940,523.35 (Q1 2023), up by 28.77% YoY
Net Cash Flows from Operating Activities: CNY 1,508,783,232.53 (Q1 2023), up by 33.34% YoY
Basic Earnings Per Share: CNY 2.53 (Q1 2023), up by 29.08% YoY
Diluted Earnings Per Share: CNY 2.53 (Q1 2023), up by 29.08% YoY
Weighted Average ROE: 10.30% (Q1 2023), up by 0.54% YoY

1.3 Changes in Key Financial Data and Indicators

Cash and Cash Equivalents: Increased by CNY 7,146,868,567.96, up by 40.25%, mainly due to bank loan receipt
Contract Liabilities: Decreased by CNY 840,608,958.64, down by 32.75%
Other Current Liabilities: Decreased by CNY 109,277,676.67, down by 32.75%
Employee Benefits Payable: Decreased by CNY 272,572,974.36, down by 40.38%
Taxes Payable: Decreased by CNY 1,326,588,888.94, down by 38.11%
Long-Term Loans: Increased by CNY 5,835,800,000.00, up by 183.54%
Other Comprehensive Income: Decreased by CNY 112,841,779.49, down by 34.12%, due to decreased fair value of equity investments
Taxes and Surcharges: Increased by CNY 276,332,079.82, up by 42.01%, mainly due to increased consumption tax
Financial Expenses: Increased by CNY 16,445,894.62
Investment Income: Increased by CNY 63,541,925.41, due to increased earnings from Huaxi Securities
Net Cash Flows from Operating Activities: Increased by CNY 377,285,346.77, up by 33.34%, due to increased cash received from goods sales
Net Cash Flows from Investing Activities: Increased by CNY 285,934,094.78, due to purchase of wealth management products
Net Cash Flows from Financing Activities: Increased by CNY 5,170,529,701.77, up by 888.40%, mainly due to bank loan receipt

Shareholder Information

2.1 Total Shareholders and Top 10 Shareholders

Total Common Shareholders: 86,898
Total Preference Shareholders with Resumed Voting Rights: 0
Top 10 Shareholders:
- Luzhou Laojiao Group Co., Ltd.: 25.89% (381,088,389 shares)
- Luzhou XingLu Investment Group Co., Ltd.: 24.86% (365,971,142 shares)
- Hong Kong Securities Clearing Company Limited: 3.96% (58,248,960 shares)
- China Securities Finance Corporation Limited: 2.30% (33,842,059 shares)
- Bank of China Co., Ltd. - Baijiu index classification securities investment fund by China Merchants Fund: 2.24% (32,962,917 shares)
- Bank of China Co., Ltd. - Blue chip selected hybrid securities investment fund by E Fund: 1.49% (21,900,000 shares)
- Industrial and Commercial Bank of China Co., Ltd.-Newly growth hybrid securities investment fund by Invesco Great Wall: 1.02% (14,974,300 shares)
- Central Huijin Asset Management Co., Ltd.: 0.92% (13,539,862 shares)
- Agricultural Bank of China Co., Ltd. - Consumption industry stock - based securities investment fund by E Fund: 0.72% (10,573,293 shares)
- China Life Insurance Company Limited-Tradition-common insurance product-005L-CT001 Hu: 0.61% (8,937,012 shares)
Related Parties or Acting-in-Concert:
- Luzhou Laojiao Group Co., Ltd. and Luzhou XingLu Investment Group Co., Ltd. are state-owned corporations and have signed acting-in-concert agreements on 31 December 2015 and 27 May 2021.
- The relationship of other shareholders is unknown.

Financial Statements

4.1.1 Consolidated Balance Sheet (31 March 2023)

Total Assets: CNY 58,341,416,403.54, up by 13.54% YoY
Total Liabilities: CNY 20,295,680,432.50, up by 18.99% YoY
Total Equity: CNY 38,045,735,971.04, up by 10.84% YoY
Key Liabilities:
- Long-Term Loans: Increased to CNY 9,015,400,000.00 (up by 183.54%)
- Taxes Payable: Decreased to CNY 2,154,561,840.04 (down by 38.11%)
- Total Current Liabilities: CNY 8,095,480,141.64 (down by 24.36%)
Key Equity Components:
- Share Capital: Increased to CNY 1,471,987,769.00
- Capital Reserves: CNY 4,915,414,592.00
- Treasury Stock: CNY 647,312,723.52
- Net Assets Attributable to Shareholders: CNY 37,914,710,048.73 (up by 10.84%)

4.1.2 Consolidated Income Statement (Q1 2023)

Total Operating Revenue: CNY 7,610,153,819.27 (up by 20.57% YoY)
Total Operating Costs: CNY 2,770,392,001.49
Operating Profits: CNY 4,925,322,128.57 (up by 27.09% YoY)
Total Profits Before Tax: CNY 4,930,176,149.98 (up by 26.82% YoY)
Income Tax Expenses: CNY 1,208,293,895.10 (up by 22.12% YoY)
Net Profit Attributable to Shareholders: CNY 3,721,882,254.88 (up by 29.10% YoY)
Basic Earnings Per Share: CNY 2.53 (up by 29.08% YoY)
Diluted Earnings Per Share: CNY 2.53 (up by 29.08% YoY)

4.1.3 Consolidated Statement of Cash Flows (Q1 2023)

Net Cash Flows from Operating Activities: CNY 1,508,783,232.53 (up by 33.34% YoY)
Net Cash Flows from Investing Activities: CNY 285,934,094.78
Net Cash Flows from Financing Activities: CNY 5,170,529,701.77 (up by 888.40% YoY)

Non-recurring Gains and Losses

Total Non-recurring Gains and Losses: CNY 23,678,107.57
Items Included:
- Gain or loss on disposal of non-current assets: CNY 623,989.76
- Government grants (excluding those closely related to business): CNY 4,717,960.76
- Fair-value changes and disposal of financial assets: CNY 21,371,683.03
- Other non-operating income and expenditure: CNY 4,854,021.41
Less: Corporate income tax: CNY 7,864,870.77
Minority Interests (after tax): CNY 24,676.62
No non-recurring gains or losses classified as recurring.