2016-04-25-深交所-古井贡Ｂ_2016年第一季度报告全文（英文版）_24页_1mb

Anhui Gujing Distillery Company Limited - Q1 2016 Summary

Core Content

This report provides a summary of the financial performance and shareholder structure of Anhui Gujing Distillery Company Limited for the first quarter of 2016.

Financial Results

• Operating Revenues: Increased by 10.57% to RMB 1,843,478,461.71 compared to RMB 1,667,266,446.81 in the same period of 2015.
• Net Profit Attributable to Shareholders: Rose by 13.61% to RMB 344,007,925.98, up from RMB 302,810,177.34.
• Net Profit After Exceptional Profit/Loss: Increased by 13.95% to RMB 339,439,775.36, compared to RMB 297,882,968.56.
• Net Operating Cash Flow: Surged by 54.46% to RMB 475,909,121.05, up from RMB 308,110,106.39.
• Basic Earnings Per Share: Increased by 13.33% to RMB 0.68, compared to RMB 0.600.
• Diluted Earnings Per Share: Also increased by 13.33% to RMB 0.68.
• Weighted Average Return on Equity: Slightly decreased to 6.90% from 6.97%.

Shareholder Information

• Total Common Shareholders: 19,299

• Top Ten Shareholders:

  • Anhui Gujing Group Company Limited (State-owned corporation): 53.89% with 271,404,022 shares (pledged: 114,000,000)
  • Gaoling Fund, L.P. (Foreign corporation): 2.47% with 12,446,408 shares
  • UBS (Luxembourg) S.A. (Foreign corporation): 2.45% with 12,344,299 shares
  • Norges Bank (Foreign corporation): 1.99% with 10,002,859 shares
  • Greenwoods China Alpha Master Fund (Foreign corporation): 1.71% with 8,627,598 shares
  • Central Huijin Investment (State-owned corporation): 1.30% with 6,543,600 shares
  • China Int'l Capital Corp Hong Kong Securities Ltd (Foreign corporation): 1.12% with 5,660,171 shares
  • China Securities Finance Corporation Limited (State-owned corporation): 1.04% with 5,235,494 shares
  • China Construction Bank Corporation - E Fund New Silk Road Flexible Configuration Hybrid Securities Investment Funds (Other): 0.80% with 4,016,719 shares
  • Golden China Master Fund (Foreign corporation): 0.75% with 3,786,434 shares

• Shareholdings:

  • All top ten shareholders hold RMB common shares except for Gaoling Fund, L.P., UBS (Luxembourg) S.A., Norges Bank, and Greenwoods China Alpha Master Fund, which hold Domestically listed foreign shares.

• No exceptional profit/loss items were classified as recurrent during the reporting period.

Significant Events

• Changes in Major Accounting Items:
  • Notes Receivable: Increased by 155.19% to RMB 1,376,595,987.41 due to increased sales revenue.
  • Construction in Progress: Decreased by 67.17% to RMB 20,539,166.98 due to the transfer of state assets to fixed assets.
  • Accounts Payable: Increased by 68.76% to RMB 1,582,402,620.39 due to an increase in bank acceptance bills with suppliers.
  • Accounts Received in Advance: Increased by 62.77% to RMB 990,566,340.70 due to increased sales orders.
  • Financial Expenses: Increased by 33.96% to RMB 3,603,168.29 due to changes in the bank financial products revenue cycle.
  • Net Operating Cash Flow: Increased by 54.46% to RMB 475,909,121.05 due to increased days sales outstanding.
  • Other Payables: Increased by 83.60% to RMB 830,219,817.68 due to increased margin.

Financial Statements

Consolidated Balance Sheet (31 March 2016)

• Total Assets: Increased by 16.40% to RMB 8,360,869,740.39, up from RMB 7,183,147,641.13.
• Net Assets Attributable to Shareholders: Increased by 6.65% to RMB 5,155,255,499.41, compared to RMB 4,833,721,630.08.
• Key Items:
  • Monetary Funds: Increased to RMB 1,252,303,505.40.
  • Notes Receivable: Increased to RMB 1,376,595,987.41.
  • Inventories: Slightly increased to RMB 1,402,910,901.81.
  • Total Current Assets: Increased to RMB 5,868,570,420.82.
  • Total Non-Current Assets: Decreased slightly to RMB 2,492,299,319.57.
  • Total Liabilities: Increased to RMB 3,205,614,240.98, up from RMB 2,349,426,011.05.
  • Total Equity Attributable to Shareholders: Increased to RMB 5,155,255,499.41.

Company Balance Sheet (31 March 2016)

• Total Assets: Increased to RMB 7,349,634,034.97.
• Total Liabilities: Increased to RMB 2,542,285,078.37.
• Total Equity: Increased to RMB 4,807,348,956.60.
• Key Items:
  • Monetary Funds: Decreased to RMB 427,933,310.63.
  • Notes Receivable: Increased to RMB 1,144,006,950.20.
  • Inventories: Increased to RMB 1,377,686,575.97.
  • Total Current Assets: Increased to RMB 4,847,195,947.95.
  • Total Non-Current Assets: Increased to RMB 2,502,438,087.02.
  • Total Liabilities: Increased to RMB 2,542,285,078.37.
  • Total Equity: Increased to RMB 4,807,348,956.60.

Consolidated Income Statement (January-March 2016)

• Total Operating Revenues: RMB 1,843,478,461.71.
• Total Operating Costs: RMB 1,417,218,910.78.
• Business Profit: RMB 456,256,631.51.
• Non-Operating Income: RMB 4,123,910.97.
• Non-Operating Expense: RMB 112,845.81.
• Total Profit: RMB 460,267,696.67.
• Income Tax Expense: RMB 116,259,770.69.
• Net Profit Attributable to Shareholders: RMB 344,007,925.98.

Key Information

• The company has not made any retroactive adjustments or restatements due to changes in accounting policies or corrections of accounting errors.
• No significant events were reported, and no commitments were fulfilled or ongoing during the reporting period.
• No securities investments or derivative financial instruments were mentioned.
• No visits for research or communication were recorded.
• No illegal guarantees were provided.
• No occupation of the company's funds by the controlling shareholder or related parties was reported.
• No cases of promissory repo were conducted by top ten shareholders.