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 theCompany’s directors have attended the Board meeting for the review of this Report and its summary.
Liang Jinhui, theCompany’s legal representative, Ye Changqing, theCompany’s Chief Accountant, and Zhu Jiafeng, head of theCompany’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
||||||||
|-|-|-|-|-|-|-|
||30 September 2019||31 December 2018||Change (%)||
|Total assets (RMB)|13,265,837,811.8||2 12,509,928,449.72||6.04%||
|Equity attributable to the listed|8,588,195,185.2||1 7,601,984,024.58||||
||||||12.97%||
|company’s shareholders (RMB)|||||||
||Q3 2019|YoY change (%)||Q1-Q3 2019||YoY change (%)|
|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|||1,741,611,160.63|||
|||35.78%||||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|||3.46|||
|||36.11%||||38.96%|
|(RMB/share)|||||||
|Diluted earnings per share|0.98|||3.46|||
|||36.11%||||38.96%|
|(RMB/share)|||||||
|Weighted average return on equity|||||||
||6.95%|1.03%||21.18%||3.03%|
|(%)|||||||

Unit: RMB
||||
|-|-|-|
|Item|Q1-Q3 2019|Note|
|Gain or loss on disposal of non-current assets (inclusive of|||
||-1,264,176.82||
|impairment allowance write-offs)|||
|Government subsidies recognized in the current period, except for|||
|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-operating income and expense other than the above|23,973,103.11||
|Less: Income tax effects|47,055,752.14||
|Non-controlling interests effects (net of tax)|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 thePublic—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 of ordinary shareholders||23,360||shareholders with resumed|||0||
|||||voting rights (if any)|||||
|Top 10 shareholders|||||||||
|Name of|Nature of|Shareholding||||Shares in pledge or frozen|||
||||Number of shares||Restricted shares||||
|shareholder|shareholder|percentage||||Status||Shares|
|ANHUI GUJINGGROUPCOMPANYLIMITED|State-owned legalperson|53.89%|271,404,022||||||
|||||||In pledge||114,000,000|
|GAOLINGFUND,L.P.|Foreign legalperson|2.47%|12,446,408||||||
|AGRICULTURAL BANK OFCHINA- EFUNDCONSUMPTIONSECTORSTOCKSECURITIES|Other|2.45%|12,324,779||||||

||||||
|-|-|-|-|-|
|INVESTMENTFUND|||||
|HONG KONGSECURITIESCLEARINGCOMPANY LTD.|Foreign legalperson|2.04%|10,294,450||
|CHINA INT'LCAPITAL CORPHONG KONGSECURITIESLTD|Foreign legalperson|1.72%|8,657,025||
|UBS (LUX)EQUITY FUND -CHINAOPPORTUNITY(USD)|Foreign legalperson|1.40%|7,068,861||
|CENTRALHUIJIN ASSETMANAGEMENTCO., LTD.|State-owned legalperson|1.30%|6,543,600||
|NORGES BANK|Foreign legalperson|1.24%|6,249,311||
|GREENWOODSCHINA ALPHAMASTER FUND|Foreign legalperson|1.12%|5,657,150||
|INDUSTRIALANDCOMMERCIALBANK OFCHINALIMITED-JINGSHUNGREATWALLEMERGINGGROWTHHYBRIDSECURITIESINVESTMENTFUND|Other|1.05%|5,299,950||
|Top 10 unrestricted shareholders|||||
|Name of shareholder||Unrestricted shares||Shares by type|

|||||
|-|-|-|-|
|||Type|Shares|
|ANHUI GUJING GROUPCOMPANY LIMITED|271,404,022|RMB-denominate||
||||271,404,022|
|||d ordinary stock||
|GAOLING FUND,L.P.|12,446,408|Domestically||
|||listed foreign|12,446,408|
|||stock||
|AGRICULTURAL BANK OFCHINA- E FUND CONSUMPTIONSECTOR STOCK SECURITIESINVESTMENT FUND|12,324,779|||
|||RMB-denominate||
||||12,324,779|
|||d ordinary stock||
|HONG KONG SECURITIESCLEARING COMPANY LTD.|10,294,450|RMB-denominate||
||||10,294,450|
|||d ordinary stock||
|CHINA INT'L CAPITAL CORPHONG KONG SECURITIES LTD|8,657,025|Domestically||
|||listed foreign|8,657,025|
|||stock||
|UBS (LUX) EQUITY FUND -CHINA OPPORTUNITY (USD)|7,068,861|Domestically||
|||listed foreign|7,068,861|
|||stock||
|CENTRAL HUIJIN ASSETMANAGEMENT CO., LTD.|6,543,600|RMB-denominate||
||||6,543,600|
|||d ordinary stock||
|NORGES BANK|6,249,311|Domestically||
|||listed foreign|6,249,311|
|||stock||
|GREENWOODS CHINA ALPHAMASTER FUND|5,657,150|Domestically||
|||listed foreign|5,657,150|
|||stock||
|INDUSTRIAL ANDCOMMERCIAL BANK OF CHINALIMITED-JINGSHUNGREATWALL EMERGINGGROWTH HYBRID SECURITIESINVESTMENT FUND|5,299,950|||
|||RMB-denominate||
||||5,299,950|
|||d ordinary stock||
||Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing|||
||Group Company Limited—is not a connected party of other shareholders; nor are they parties|||
||acting in concert as defined in the Administrative Measures on Information Disclosure of|||
|Related or acting-in-concert parties||||
||Changes in Shareholding of Listed Companies. As for the other shareholders, the Company|||
|among shareholders above||||
||does not know whether they are connected parties or whether they belong to parties acting in|||
||concert as defined in the Administrative Measures on Information Disclosure of Changes in|||
||Shareholding of Listed Companies.|||
|Top 10 ordinary shareholders||||
||N/A|||
|involved in securities margin trading||||

||
|-|
|(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
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Balance sheet item|||30 September|31 December 2018||Change (%)||Explanation of why||
||||2019|||||||
|Monetary capital||3,696,303,467.62||1,705,760,865.12||116.70%||Increase in cash received from sales andinvestments||
|Other receivables||21,798,848.07||43,342,878.22||-49.71%||Decrease in interests receivable||
|Other current assets||13,520,098.86||3,012,478,687.20||-99.55%||The main reason is the reclassification offinancial assets.||
|Construction in progress||214,689,618.57||93,320,557.56||130.06%||The main reason is the establishment ofdigital information system||
|Other non-current assets||1,270,574,026.00||16,544,407.51||7,579.78%||Increase in investments and financing||
|Notes payable||534,364,252.21||349,203,413.72||53.02%||Increase in signing and issuing ofcommercial bills||
|Payroll payable||266,282,737.94||457,299,476.43||-41.77%||Increase in payment of remuneration||
||Income statement item||Q1~Q3 2019||Q1~Q3 2018||Change (%)||Explanation of why|
|R&D expense||25,719,404.29||11,993,003.62||114.45%||Increase in R&D input||
|Other income||44,662,596.55||11,725,901.76||280.89%||Increase in receipt of income-relatedgovernment subsidies||
||Cash flow statement|Q1~Q3 2019||Q1~Q3 2018||Change (%)||Explanation of why||
||item|||||||||
|Tax refunds received||20,674,445.06||5,652,636.00||265.75%|||Increase in tax refunds received|
|Cash received fromwithdrawal ofinvestments||3,337,200,054.88||1,947,182,948.35||71.39%||Increase in cash received from withdrawalof investments and financing due tomaturity||
|Cash paid fordistributing dividendsand profits or payinginterests||755,400,000.00||503,600,000.00||50.00%||Increase in distribution of dividends||

II Progress, Influence and Solutions Associated with Significant Events
□ Applicable√ Not applicable
III Commitments that the Company, Shareholders, theCompany’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/Loss on|Accumulated|||||||
|||||||||Purchased||||||
|Security|Security|Security|Initial||Beginning|fair-value|fair-value||Sold in|Gain/Loss in|Ending|Accounting|Funding|
|||||Measurement||||in||||||
||||||carrying|changes in|changes||Reporting|Reporting|carrying|||
|type|code|name|investment cost|method||||Reporting||||title|source|
||||||amount|Reporting|charged to||Period|Period|amount|||
|||||||||Period||||||
|||||||Period|equity|||||||
|||ZXYSDP||||||||||||
|||||||||||||Trading||
|||1st Assets||Fair value||||||||||
|Other|||200,000,000.00||206,393,107.46|17,197,481.92|0.00|0.00|0.00|0.00|223,590,589.38|f inancial|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|0.00|223,590,589.38|--|--|
|Disclosure date of announcement||||||||||||||
|on Board’s consent for securities|||Naught|||||||||||
|investments||||||||||||||
|Disclosure date of announcement||||||||||||||
|on general meeting’s consent for|||Naught|||||||||||
|securities investments (if any)||||||||||||||

VI Wealth Management Entrustment
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
||||||
|-|-|-|-|-|
|Type of wealth management|Funding source|Principal|Outstanding amount before maturity|Overdue amount|
|Wealth management product|Self-funded||||
|||302,900|86,600|0.00|
|purchased from bank|||||
|Wealth management product|Self-funded||||
|||18,000|0.00|0.00|
|purchased from broker|||||
|Wealth management product|Self-funded||||
|||30,000|0.00|0.00|
|purchased from entrustment|||||
|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||||||
||||||||||||gain/loss in|||Through||Overview|
|||Type of|Principal|||En|||Reference||||Impairmen||Any plan||
||||||Star||Investment|Way of||Expecte|Reporting|Collection/payme||prescribe||and index|
||Type of|wealth|(Unit:|Funding||d|||annualize||||t||for further||
|Trustee|||||t||with|paybac||d return|Period|nt of gain/loss in||d||to more|
||trustee|managemen|RMB’0,000|source||dat|||d return||||allowance||entrustmen||
||||||date||principal|k||(if any)|(Unit:|Reporting Period||procedure||informatio|
|||t product|)|||e|||(%)||||(if any)||t||
||||||||||||RMB’0,000|||or not||n (if any)|
||||||||||||)||||||
|||Assets|||||Purchasing|1.2% of|||||||||
|CITIC|||||||new shares|the net|||||||||
|Wings Asset|Compan||||||offline,|value of|||||||||
|||||Self-funde|||||||||||||
|Managemen|y|managemen|20,000||||fixed|product|6.00%||0.00|N/A|0.00|Yes|Yes||
|||||d|||||||||||||
|t Company|Limited|t plan|||||income|and|||||||||
|Limited|||||||instruments|20% of|||||||||
||||||||, and|excess|||||||||

|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Reverserepurchaseof nationaldebt, etc|earning||||||||
|||||||s||||||||
|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)
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||Initial||||||||Ending||
|||||||||||||investment|Actual|
||Relationship|Related-party||||||Purchased in|Sold in|Impairment||||
||||Type of||||Beginning||||Ending|as % of the|gain/loss in|
|Counterparty|with the|transaction||investment|Start date|End date||Reporting|Reporting|allowance||||
||||derivative||||investment||||investment|Company’s|Reporting|
||Company|or not||amount||||Period|Period|(if any)||||
|||||||||||||ending net|Period|
|||||||||||||assets||
|Reverse||||||||||||||
||||Reverse||28|||||||||
|repurchase||||||30 June||||||||
||Naught|No|repurchase of|0.00|December||17,990|1,090|19,080||0.00|0.00%|0.35|
|of national||||||2019||||||||
||||national debt||2018|||||||||
|debt||||||||||||||
|Total||||0.00|--|--|17,990|1,090|19,080||0.00|0.00%|0.35|
|Funding source||||Self-funded||||||||||
|Legal matters involved (if applicable)||||N/A||||||||||
|Disclosure date of board announcement approving||||||||||||||
|||||30 August 2013||||||||||
|derivative investment (if any)||||||||||||||

|||
|-|-|
|Disclosure date of general meeting announcement||
|approving derivative investment (if any)||
|Analysis of risks and control measures associated with||
|derivative investments held in Reporting Period||
||The Company had controlled the relevant risks strictly according to the Derivatives Investment Management System.|
|(including but not limited to market risk, liquidity risk,||
|credit risk, operational risk, legal risk, 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 and parameters)||
|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 investing in the reasonable financial derivative instruments, which was in favor of improving the service efficiency of the idle|
||funds; in order to reduce the investment risks of the financial derivative instruments, the Company had set up corresponding supervision|
|Opinion of independent directors on derivative|mechanism for the financial derivative instrument business and formulated reasonable accounting policy as well as specific principles of|
|investments and risk control|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 theCompany’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|30 September 2019|31 December 2018|
|Current assets:|||
|Monetary capital|3,696,303,467.62|1,705,760,865.12|
|Settlement reserve|||
|Interbank loans granted|||
|Trading financial assets|1,182,590,589.38|0.00|
|Financial assets at fair value through|||
||0.00|622,892.96|
|profit or loss|||
|Derivative financial assets|||
|Notes receivable|1,205,217,571.01|1,347,427,811.34|
|Accounts receivable|30,776,795.29|29,748,068.74|
|Accounts receivable financing|||
|Prepayments|128,268,357.38|182,558,000.75|
|Premiums receivable|||
|Reinsurance receivables|||
|Receivable reinsurance contract|||
|reserve|||
|Other receivables|21,798,848.07|43,342,878.22|
|Including: Interests receivable|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|
|Contractual assets|||
|Assets classified as held for sale|||
|Current portion of non-current assets|0.00|300,000,000.00|

||||
|-|-|-|
|Other current assets|13,520,098.86|3,012,478,687.20|
|Total current assets|8,738,488,772.01|9,029,245,869.19|
|Non-current assets:|||
|Loans and advances to customers|||
|Investments in debt obligations|||
|Available-for-sale financial assets|0.00|206,393,107.46|
|Investments in other debt obligations|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|4,769,375.34|4,900,000.00|
|Investments in other equity|||
|instruments|||
|Other non-current financial assets|||
|Investment property|4,789,371.67|5,027,228.53|
|Fixed assets|1,657,696,280.27|1,763,988,530.56|
|Construction in progress|214,689,618.57|93,320,557.56|
|Productive living assets|||
|Oil and gas assets|||
|Right-of-use assets|||
|Intangible assets|728,660,670.42|742,083,609.10|
|R&D expense|||
|Goodwill|478,283,495.29|478,283,495.29|
|Long-term prepaid expense|69,290,325.48|83,561,473.46|
|Deferred income tax assets|98,595,876.77|86,580,171.06|
|Other non-current assets|1,270,574,026.00|16,544,407.51|
|Total non-current assets|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-term borrowings|||
|Borrowings from central bank|||
|Interbank loans obtained|||
|Trading financial liabilities|||
|Financial liabilities at fair value|||
|through profit or loss|||
|Derivative financial liabilities|||

||||
|-|-|-|
|Notes payable|534,364,252.21|349,203,413.72|
|Accounts payable|379,566,637.85|484,952,598.59|
|Advances from customers|889,878,114.36|1,149,143,310.48|
|Contractual liabilities|||
|Financial assets sold under|||
|repurchase agreements|||
|Customer deposits and interbank|||
|deposits|||
|Payables for acting trading of|||
|securities|||
|Payables for underwriting of|||
|securities|||
|Payroll payable|266,282,737.94|457,299,476.43|
|Taxes payable|374,653,268.64|372,993,624.18|
|Other payables|1,307,511,367.33|1,192,020,147.82|
|Including: Interest payable|||
|Dividends payable|||
|Handling charges and commissions|||
|payable|||
|Reinsurance payable|||
|Liabilities directly associated with|||
|assets classified as held for sale|||
|Current portion of non-current|||
|liabilities|||
|Other current liabilities|278,907,017.40|295,164,745.44|
|Total current liabilities|4,031,163,395.73|4,300,777,316.66|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|73,566,143.65|76,636,500.55|

||||
|-|-|-|
|Deferred income tax liabilities|105,495,063.97|102,764,515.11|
|Other non-current liabilities|||
|Total non-current liabilities|179,061,207.62|179,401,015.66|
|Total liabilities|4,210,224,603.35|4,480,178,332.32|
|Owners’ equity:|||
|Share capital|503,600,000.00|503,600,000.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|1,295,405,592.25|1,295,405,592.25|
|Less: Treasury stock|||
|Other comprehensive income|0.00|4,794,830.59|
|Specific reserve|||
|Surplus reserves|256,902,260.27|256,902,260.27|
|General reserve|||
|Retained earnings|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 Company as the parent|||
|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 liabilities and owners’ equity|13,265,837,811.82|12,509,928,449.72|

 Legal representative: Liang Jinhui TheCompany’s chief accountant: Ye Changqing Head of theCompany’s financial department: Zhu Jiafeng
2. Balance Sheet of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|30 September 2019|31 December 2018|
|Current assets:|||
|Monetary capital|2,715,636,124.24|1,078,172,917.59|
|Trading financial assets|889,590,589.38|0.00|
|Financial assets at fair value through|||
||0.00|622,892.96|
|profit or loss|||
|Derivative financial assets|||
|Notes receivable|945,951,910.95|1,256,336,386.34|

||||
|-|-|-|
|Accounts receivable|12,315,991.92|9,385,950.54|
|Accounts receivable financing|||
|Prepayments|36,280,673.79|10,869,911.54|
|Other receivables|86,032,697.25|110,800,665.19|
|Including: Interests receivable|||
|Dividends receivable|||
|Inventories|2,088,506,955.04|2,125,826,967.11|
|Contractual assets|||
|Assets classified as held for sale|||
|Current portion of non-current assets|||
|Other current assets|0.00|1,764,267,968.83|
|Total current assets|6,774,314,942.57|6,356,283,660.10|
|Non-current assets:|||
|Investments in debt obligations|||
|Available-for-sale financial assets|0.00|206,393,107.46|
|Investments in other debt obligations|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|1,148,213,665.32|1,148,213,665.32|
|Investments in other equity|||
|instruments|||
|Other non-current financial assets|||
|Investment property|4,789,371.67|24,715,657.40|
|Fixed assets|1,235,047,264.11|1,290,714,455.79|
|Construction in progress|175,684,124.11|86,634,753.93|
|Productive living assets|||
|Oil and gas assets|||
|Right-of-use assets|||
|Intangible assets|184,454,384.36|189,968,142.25|
|R&D expense|||
|Goodwill|||
|Long-term prepaid expense|46,629,222.80|56,643,945.05|
|Deferred income tax assets|20,829,351.24|37,415,458.17|
|Other non-current assets|574,026.00|12,474,026.00|

||||
|-|-|-|
|Total non-current assets|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-term borrowings|||
|Trading financial liabilities|||
|Financial liabilities at fair value|||
|through profit or loss|||
|Derivative financial liabilities|||
|Notes payable|48,266,234.40|28,648,913.72|
|Accounts payable|326,366,511.31|362,290,556.21|
|Advances from cu|1,282,992,147.54|1,123,125,892.84|
|Contractual liabilities|||
|Payroll payable|73,149,434.31|117,748,485.96|
|Taxes payable|233,134,193.16|161,176,957.25|
|Other payables|239,324,288.73|372,902,293.22|
|Including: Interests payable|||
|Dividends payable|||
|Liabilities directly associated with|||
|assets classified as held for sale|||
|Current portion of non-current|||
|liabilities|||
|Other current liabilities|3,966,911.24|32,605,794.55|
|Total current liabilities|2,207,199,720.69|2,198,498,893.75|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|33,863,587.71|36,417,554.85|
|Deferred income tax liabilities|9,045,546.24|4,828,737.52|
|Other non-current liabilities|||

||||
|-|-|-|
|Total non-current liabilities|42,909,133.95|41,246,292.37|
|Total liabilities|2,250,108,854.64|2,239,745,186.12|
|Owners’ equity:|||
|Share capital|503,600,000.00|503,600,000.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|1,247,162,107.35|1,247,162,107.35|
|Less: Treasury stock|||
|Other comprehensive income||4,794,830.59|
|Specific reserve|||
|Surplus reserves|251,800,000.00|251,800,000.00|
|Retained earnings|5,337,865,390.19|5,162,354,747.41|
|Total owners’ equity|7,340,427,497.54|7,169,711,685.35|
|Total liabilities and owners’ equity|9,590,536,352.18|9,409,456,871.47|

 3. Consolidated Income Statement for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2019|Q3 2018|
|1. Revenue|2,214,767,350.88|1,979,015,719.48|
|Including: Operating revenue|2,214,767,350.88|1,979,015,719.48|
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
|2. Operating costs and expenses|1,606,834,684.29|1,533,956,349.59|
|Including: Cost of sales|549,495,046.47|449,656,771.27|
|Interest expense|||
|Handling charge and|||
|commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as|||
|insurance contract reserve|||
|Expenditure on policy|||
|dividends|||

||||
|-|-|-|
|Reinsurance premium|||
|expense|||
|Taxes and surcharges|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: Other income|13,878,677.87|7,238,865.71|
|Investment income (“-” for loss)|28,665,355.29|36,500,416.69|
|Including: Share of profit or loss|||
|of joint ventures and associates|||
|Derecognition income of financial|||
|assets measured at amortized cost|||
|Foreign exchange gain (“-” for|||
|loss)|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||5,994,298.28|-255,827.36|
|for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||159,351.46|5,770.66|
|loss)|||
|Asset disposal income (“-” for|||
||103,277.91|-43,358.78|
|loss)|||
|3. Operating profit (“-” for loss)|656,733,627.40|488,505,236.81|
|Add: Non-operating income|14,398,366.14|11,046,979.09|
|Less: Non-operating expense|1,313,838.64|2,375,421.09|
|4. Profit before tax (“-” for loss)|669,818,154.90|497,176,794.81|
|Less: Income tax expense|163,503,787.54|123,682,385.77|
|5. Net profit (“-” for net loss)|506,314,367.36|373,494,409.04|
|5.1 By operating continuity|||
|5.1.1 Net profit from continuing|||
||506,314,367.36|373,494,409.04|
|operations (“-” for net loss)|||

||||
|-|-|-|
|5.1.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to|||
||493,294,846.62|363,302,909.34|
|owners of the Company as the parent|||
|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|||
|Attributable to owners of the Company|||
||0.00|-3,418,191.21|
|as the parent|||
|6.1 Items that will not be|||
|reclassified to profit or loss|||
|6.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|6.1.2 Share of other|||
|comprehensive income of investees that|||
|will not be reclassified to profit or loss|||
|under equity method|||
|6.1.3 Changes in the fair value of|||
|investments in other equity instruments|||
|6.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|6.1.5 Other|||
|6.2 Items that may subsequently be|||
||0.00|-3,418,191.21|
|reclassified to profit or loss|||
|6.2.1 Share of other|||
|comprehensive income of investees that|||
|will be reclassified to profit or loss under|||
|equity method|||
|6.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|6.2.3 Gain/Loss on changes in the|||
|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 financial assets|||
|6.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||
|investments to available-for-sale financial|||
|assets|||

||||
|-|-|-|
|6.2.6 Allowance for credi|t||
|impairments in investments in other deb|t||
|obligations|||
|6.2.7 Reserve for cash flow|||
|hedges|||
|6.2.8 Differences arising from the|l||
|translation of foreign|||
|currency-denominated financia|||
|statements|||
|6.2.9 Other|||
|Attributable to non-controlling|||
|interests|||
|7. Total comprehensive income|506,314,367.36|370,076,217.83|
|Attributable to owners of the Company|493,294,846.62||
|||359,884,718.13|
|as the parent|||
|Attributable to non-controlling|13,019,520.74||
|||10,191,499.70|
|interests|||
|8. Earnings per share|||
|8.1 Basic earnings per share|0.98|0.72|
|8.2 Diluted earnings per share|0.98|0.72|

 Legal representative: Liang Jinhui TheCompany’s chief accountant: Ye Changqing Head of theCompany’s financial department: Zhu Jiafeng
4. Income Statement of the Company as the Parent for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2019|Q3 2018|
|1. Operating revenue|1,194,365,169.31|966,230,506.66|
|Less: Cost of sales|502,553,273.90|407,544,411.06|
|Taxes and surcharges|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: Interest expense|12,839,179.18|0.00|
|Interest income|30,860,960.92|7,601,319.39|
|Add: Other income|6,167,148.89|6,035,419.81|
|Investment income (“-” for loss)|10,800,845.34|30,902,683.31|

||||
|-|-|-|
|Including: Share of profit or loss|||
|of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||5,994,298.28|-255,827.36|
|for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
|loss)|||
|Asset disposal income (“-” for|||
|loss)|||
|2. Operating profit (“-” for loss)|312,641,742.34|196,751,378.95|
|Add: Non-operating income|11,030,693.23|8,922,115.32|
|Less: Non-operating expense|825,676.96|2,344,326.21|
|3. Profit before tax (“-” for loss)|322,846,758.61|203,329,168.06|
|Less: Income tax expense|80,711,689.66|51,037,972.71|
|4. Net profit (“-” for net loss)|242,135,068.95|152,291,195.35|
|4.1 Net profit from continuing|||
||242,135,068.95|152,291,195.35|
|operations (“-” for net loss)|||
|4.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5. Other comprehensive income, net of|||
||0.00|-3,389,900.15|
|tax|||
|5.1 Items that will not be reclassified|||
|to profit or loss|||
|5.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|5.1.2 Other comprehensive income|||
|that will not be reclassified to profit or|||
|loss under the equity method|||
|5.1.3 Changes in the fair value of|||
|investments in other equity instruments|||
|5.1.4 Changes in the fair value of|||
|the company’s credit risks|||

||||
|-|-|-|
|5.1.5 Other|||
|5.2 Items that may subsequently be|||
||0.00|-3,389,900.15|
|reclassified to profit or loss|||
|5.2.1 Share of other|||
|comprehensive income of investees that|||
|will be reclassified to profit or loss|||
|under equity method|||
|5.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|5.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial|0.00|-3,389,900.15|
|assets|||
|5.2.4 Other comprehensive income|||
|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 Reserve for cash flow hedges|||
|5.2.8 Differences arising from the|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|5.2.9 Other|||
|6. Total comprehensive income|242,135,068.95|148,901,295.20|
|7. Earnings per share|||
|7.1 Basic earnings per share|0.48|0.30|
|7.2 Diluted earnings per share|0.48|0.30|

 5. Consolidated Income Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Revenue|8,202,880,349.97|6,762,099,614.81|
|Including: Operating revenue|8,202,880,349.97|6,762,099,614.81|
|Interest income|||

||||
|-|-|-|
|Premium income|||
|Handling charge and|||
|commission income|||
|2. Operating costs and expenses|6,023,415,690.08|5,163,614,737.70|
|Including: Cost of sales|1,943,651,781.02|1,492,332,239.51|
|Interest expense|||
|Handling charge and|||
|commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as|||
|policy reserve|||
|Expenditure on policy|||
|dividends|||
|Reinsurance premium|||
|expense|||
|Taxes and surcharges|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: Other income|44,662,596.55|11,725,901.76|
|Investment income (“-” for loss)|106,012,402.82|105,275,436.64|
|Including: Share of profit or loss|||
|of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Foreign exchange gain (“-” for|||
|loss)|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||17,314,643.84|-19,119.59|
|for loss)|||

||||
|-|-|-|
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||-6,262,466.61|-1,166,140.70|
|loss)|||
|Asset disposal income (“-” for|||
||222,766.47|111,079.03|
|loss)|||
|3. Operating profit (“-” for loss)|2,341,414,602.96|1,714,412,034.25|
|Add: Non-operating income|25,549,129.67|25,805,776.85|
|Less: Non-operating expense|3,051,449.71|6,813,434.13|
|4. Profit before tax (“-” for loss)|2,363,912,282.92|1,733,404,376.97|
|Less: Income tax expense|582,649,191.85|444,472,301.01|
|5. Net profit (“-” for net loss)|1,781,263,091.07|1,288,932,075.96|
|5.1 By operating continuity (“-” for net|||
|loss)|||
|5.1.1 Net profit from continuing|||
||1,781,020,727.52|1,288,932,075.96|
|operations (“-” for net loss)|||
|5.1.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to|||
||1,741,611,160.63|1,255,725,246.98|
|owners of the Company as the parent|||
|5.2 2. Net profit attributable to|||
||39,651,930.44|33,206,828.98|
|non-controlling interests|||
|6. Other comprehensive income, net of|||
||0.00|-48,520,466.79|
|tax|||
|Attributable to owners of the Company|||
||0.00|-48,520,466.79|
|as the parent|||
|6.1 Items that will not be|||
|reclassified to profit or loss|||
|6.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|6.1.2 Share of other|||
|comprehensive income of investees that|||
|will not be reclassified to profit or loss|||
|under equity method|||
|6.1.3 Changes in the fair value of|||
|investments in other equity instruments|||
|6.1.4 Changes in the fair value of|||
|the company’s credit risks|||

||||
|-|-|-|
|6.1.5 Other|||
|6.2 Items that may subsequently be|||
||0.00|-48,520,466.79|
|reclassified to profit or loss|||
|6.2.1 Share of other|||
|comprehensive income of investees that|||
|will be reclassified to profit or loss under|||
|equity method|||
|6.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|6.2.3 Gain/Loss on changes in fair|||
|value of available-for-sale financial|0.00|-48,520,466.79|
|assets|||
|6.2.4. Other comprehensive|||
|income arising from the reclassification|||
|of financial assets|||
|6.2.5 Gain/Loss arising from|||
|reclassification of held-to-maturity|||
|investments to available-for-sale financial|||
|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 Differences arising from|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|6.2.9 Other|||
|Attributable to non-controlling|||
|interests|||
|7. Total comprehensive income|1,781,263,091.07|1,240,411,609.17|
|Attributable to owners of the Company|||
||1,741,611,160.63|1,207,204,780.19|
|as the parent|||
|Attributable to non-controlling|||
||39,651,930.44|33,206,828.98|
|interests|||
|8. Earnings per share|||
|8.1 Basic earnings per share|3.46|2.49|
|8.2 Diluted earnings per share|3.46|2.49|

Legal representative: Liang Jinhui TheCompany’s chief accountant: Ye Changqing
Head of theCompany’s financial department: Zhu Jiafeng
6. Income Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Operating revenue|4,339,047,632.89|3,339,740,226.62|
|Less: Cost of sales|1,780,471,850.81|1,369,991,138.38|
|Taxes and surcharges|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: Interest expense|26,846,026.27|0.00|
|Interest income|48,601,883.96|27,845,600.69|
|Add: Other income|9,539,867.14|8,398,899.82|
|Investment income (“-” for loss)|42,684,714.10|92,204,951.64|
|Including: Share of profit or|||
|loss of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Net gain on exposure hedges|||
|(“-” for loss)|||
|Gain on changes in fair value|||
||17,314,643.84|-19,119.59|
|(“-” for loss)|||
|Credit impairment loss (“-” for|||
|loss)|||
|Assets impairment loss (“-” for|||
||-6,131,316.45|-1,440,847.72|
|loss)|||
|Asset disposal income (“-” for|||
||36,552.41|0.00|
|loss)|||
|2. Operating profit (“-” for loss)|1,199,767,145.28|793,594,415.16|
|Add: Non-operating income|20,373,416.46|21,200,416.41|
|Less: Non-operating expense|2,050,990.73|5,660,670.73|
|3. Profit before tax (“-” for loss)|1,218,089,571.01|809,134,160.84|
|Less: Income tax expense|291,973,758.82|213,614,710.77|

||||
|-|-|-|
|4. Net profit (“-” for net loss)|926,115,812.19|595,519,450.07|
|4.1 Net profit from continuing|||
||926,115,812.19|595,519,450.07|
|operations (“-” for net loss)|||
|4.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5. Other comprehensive income, net of|||
||0.00|-48,454,375.73|
|tax|||
|5.1 Items that will not be reclassified|||
|to profit or loss|||
|5.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|5.1.2 Share of other|||
|comprehensive income of investees that|||
|will not be reclassified to profit or loss|||
|under equity method|||
|5.1.3 Changes in the fair value of|||
|investments in other debt obligations|||
|5.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|5.1.5 Other|||
|5.2 Items that may subsequently be|||
||0.00|-48,454,375.73|
|reclassified to profit or loss|||
|5.2.1 Share of other|||
|comprehensive income of investees that|||
|will be reclassified to profit or loss|||
|under equity method|||
|5.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|5.2.3 Gain/Loss on changes in fair|||
|value of available-for-sale financial|0.00|-48,454,375.73|
|assets|||
|5.2.4 Other comprehensive income|||
|arising from the reclassification of|||
|financial assets|||
|5.2.5 Gain/Loss arising from|||
|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 Reserve for cash flow hedges|||
|5.2.8 Differences arising from|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|5.2.9 Other|||
|6. Total comprehensive income|926,115,812.19|547,065,074.34|
|7. Earnings per share|||
|7.1 Basic earnings per share|1.84|1.18|
|7.2 Diluted earnings per share|1.84|1.18|

 7. Consolidated Cash Flow Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities|||
||8,252,482,399.40|7,234,393,863.39|
|and rendering of services|||
|Net increase in customer deposits and|||
|interbank deposits|||
|Net increase in borrowings from|||
|central bank|||
|Net increase in loans from other|||
|financial institutions|||
|Premiums received on original|||
|insurance contracts|||
|Net proceeds from reinsurance|||
|Net increase in deposits and|||
|investments of policy holders|||
|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|||
|Tax rebates|20,674,445.06|5,652,636.00|
|Cash generated 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|||
|Net increase in loans and advances to|||
|customers|||
|Net increase in deposits in central|||
|bank and in interbank loans granted|||
|Payments for claims on original|||
|insurance contracts|||
|Net increase in interbank loans|||
|granted|||
|Interest, handling charges and|||
|commissions paid|||
|Policy dividends paid|||
|Cash paid to and for employees|1,445,715,909.31|1,096,353,967.34|
|Taxes paid|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. Cash flows from investing activities:|||
|Proceeds from disinvestment|3,337,200,054.88|1,947,182,948.35|
|Investment income|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 or other business units|||
|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|||
|Payments for investments|2,355,560,163.50|2,577,352,685.44|
|Net increase in pledged loans granted|||

||||
|-|-|-|
|Net payments for acquisition of|||
|subsidiaries and other business units|||
|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. Cash flows from financing activities:|||
|Capital contributions received|||
|Including: Capital contributions by|||
|non-controlling interests to subsidiaries|||
|Increase in borrowings obtained|||
|Cash generated from other financing|||
|activities|||
|Subtotal of cash generated from|||
|financing activities|||
|Repayment of borrowings|||
|Payments for interest and dividends|755,400,000.00|503,600,000.00|
|Including: Dividends paid by|||
|subsidiaries to non-controlling interests|||
|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 on cash and cash equivalents|||
|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 of the period|||
|6. Cash and cash equivalents, end of the|||
||3,191,923,351.69|2,290,543,688.54|
|period|||

8. Cash Flow Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Cash flows from operating activities:|||

||||
|-|-|-|
|Proceeds from sale of commodities|||
||4,685,243,331.72|3,141,049,319.18|
|and rendering of services|||
|Tax rebates|4,448,500.00|4,523,679.80|
|Cash generated 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|||
|Cash paid to and for employees|503,962,356.85|415,612,241.11|
|Taxes paid|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. Cash flows from investing activities:|||
|Proceeds from disinvestment|1,811,640,054.88|1,616,531,449.45|
|Investment income|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 or other business units|||
|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|||
|Payments for investments|726,900,163.50|1,397,352,685.44|
|Net payments for acquisition of|||
|subsidiaries and other business units|||
|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. Cash flows from financing activities:|||
|Capital contributions received|||
|Increase in borrowings obtained|||
|Cash generated from other financing|||
|activities|||
|Subtotal of cash generated from|||
|financing activities|||
|Repayment of borrowings|||
|Payments for interest and dividends|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 on cash and cash equivalents|||
|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 of the period|||
|6. Cash and cash equivalents, end of the|||
||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|31 December 2018|1 January 2019|Adjusted|
|Current assets:||||
|Monetary capital|1,705,760,865.12|1,705,760,865.12||
|Settlement reserve||||
|Interbank loans granted||||
|Trading financial assets|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 through profit or loss||||

|||||
|-|-|-|-|
|Derivative financial assets||||
|Notes receivable|1,347,427,811.34|1,347,427,811.34||
|Accounts receivable|29,748,068.74|29,748,068.74||
|Accounts receivable||||
|financing||||
|Prepayments|182,558,000.75|182,558,000.75||
|Premiums receivable||||
|Reinsurance receivables||||
|Receivable reinsurance||||
|contract reserve||||
|Other receivables|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 resale agreements||||
|Inventories|2,407,306,664.86|2,407,306,664.86||
|Contractual assets||||
|Assets classified as held||||
|for sale||||
|Current portion of|300,000,000.00|||
|||300,000,000.00||
|non-current assets||||
|Other current assets|3,012,478,687.20|254,478,687.20|-2,758,000,000.00|
|Total current assets|9,029,245,869.19|9,235,638,976.65|206,393,107.46|
|Non-current assets:||||
|Loans and advances to||||
|customers||||
|Investments in debt||||
|obligations||||
|Available-for-sale financial|206,393,107.46|||
|||0.00|-206,393,107.46|
|assets||||
|Investments in other debt||||
|obligations||||
|Held-to-maturity||||
|investments||||
|Long-term receivables||||
|Long-term equity|4,900,000.00|||
|||4,900,000.00||
|investments||||

|||||
|-|-|-|-|
|Investments in other equity||||
|instruments||||
|Other non-current financial||||
|assets||||
|Investment property|5,027,228.53|5,027,228.53||
|Fixed assets|1,763,988,530.56|1,763,988,530.56||
|Construction in progress|93,320,557.56|93,320,557.56||
|Productive living assets||||
|Oil and gas assets||||
|Right-of-use assets||||
|Intangible assets|742,083,609.10|742,083,609.10||
|R&D expense||||
|Goodwill|478,283,495.29|478,283,495.29||
|Long-term prepaid|83,561,473.46|||
|||83,561,473.46||
|expense||||
|Deferred income tax assets|86,580,171.06|86,580,171.06||
|Other non-current assets|16,544,407.51|16,544,407.51||
|Total non-current assets|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-term borrowings||||
|Borrowings from central||||
|bank||||
|Interbank loans obtained||||
|Trading financial liabilities||||
|Financial liabilities at fair||||
|value through profit or loss||||
|Derivative financial||||
|liabilities||||
|Notes payable|349,203,413.72|349,203,413.72||
|Accounts payable|484,952,598.59|484,952,598.59||
|Advances from customers|1,149,143,310.48|1,149,143,310.48||
|Contractual liabilities||||
|Financial assets sold under||||
|repurchase agreements||||
|Customer deposits and||||
|interbank deposits||||

||||
|-|-|-|
|Payables for acting trading|||
|of securities|||
|Payables for underwriting|457,299,476.43||
|||457,299,476.43|
|of securities|||
|Payroll payable|372,993,624.18|372,993,624.18|
|Taxes payable|1,192,020,147.82|1,192,020,147.82|
|Other payables|||
|Including: Interest|||
|payable|||
|Dividends|||
|payable|||
|Handling charges and|||
|commissions payable|||
|Reinsurance payables|||
|Liabilities directly|||
|associated with assets|||
|classified as held for sale|||
|Current portion of|||
|non-current liabilities|||
|Other current liabilities|295,164,745.44|295,164,745.44|
|Total current liabilities|4,300,777,316.66|4,300,777,316.66|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred|||
|shares|||
|Perpetual|||
|bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|76,636,500.55|76,636,500.55|
|Deferred income tax|102,764,515.11||
|||102,764,515.11|
|liabilities|||
|Other non-current|||
|liabilities|||
|Total non-current liabilities|179,401,015.66|179,401,015.66|

|||||
|-|-|-|-|
|Total liabilities|4,480,178,332.32|4,480,178,332.32||
|Owners’ equity:||||
|Share capital|503,600,000.00|503,600,000.00||
|Other equity instruments||||
|Including: Preferred||||
|shares||||
|Perpetual||||
|bonds||||
|Capital reserves|1,295,405,592.25|1,295,405,592.25||
|Less: Treasury stock||||
|Other comprehensive|4,794,830.59|||
|||0.00|-4,794,830.59|
|income||||
|Specific reserve||||
|Surplus reserves|256,902,260.27|256,902,260.27||
|General reserve||||
|Retained earnings|5,541,281,341.47|5,546,076,172.06|4,794,830.59|
|Total equity attributable to|7,601,984,024.58|||
|owners of the Company as||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|31 December 2018|1 January 2019|Adjusted|
|Current assets:||||
|Monetary capital|1,078,172,917.59|1,078,172,917.59||
|Trading financial assets|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 through profit or loss||||

|||||
|-|-|-|-|
|Derivative financial assets||||
|Notes receivable|1,256,336,386.34|1,256,336,386.34||
|Accounts receivable|9,385,950.54|9,385,950.54||
|Accounts receivable||||
|financing||||
|Prepayments|10,869,911.54|10,869,911.54||
|Other receivables|110,800,665.19|110,800,665.19||
|Including: Interest||||
|receivable||||
|Dividends||||
|receivable||||
|Inventories|2,125,826,967.11|2,125,826,967.11||
|Contractual assets||||
|Assets classified as held||||
|for sale||||
|Current portion of||||
|non-current assets||||
|Other current assets|1,764,267,968.83|164,267,968.83|-1,600,000,000.00|
|Total current assets|6,356,283,660.10|6,562,676,767.56|206,393,107.46|
|Non-current assets:||||
|Investments in debt||||
|obligations||||
|Available-for-sale financial|206,393,107.46|||
|||0.00|-206,393,107.46|
|assets||||
|Investments in other debt||||
|obligations||||
|Held-to-maturity||||
|investments||||
|Long-term receivables||||
|Long-term equity|1,148,213,665.32|||
|||1,148,213,665.32||
|investments||||
|Investments in other equity||||
|instruments||||
|Other non-current financial||||
|assets||||
|Investment property|24,715,657.40|24,715,657.40||
|Fixed assets|1,290,714,455.79|1,290,714,455.79||
|Construction in progress|86,634,753.93|86,634,753.93||

|||||
|-|-|-|-|
|Productive living assets||||
|Oil and gas assets||||
|Right-of-use assets||||
|Intangible assets|189,968,142.25|189,968,142.25||
|R&D expense||||
|Goodwill||||
|Long-term prepaid|56,643,945.05|||
|||56,643,945.05||
|expense||||
|Deferred income tax assets|37,415,458.17|37,415,458.17||
|Other non-current assets|12,474,026.00|12,474,026.00||
|Total non-current assets|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-term borrowings||||
|Trading financial liabilities||||
|Financial liabilities at fair||||
|value through profit or loss||||
|Derivative financial||||
|liabilities||||
|Notes payable|28,648,913.72|28,648,913.72||
|Accounts payable|362,290,556.21|362,290,556.21||
|Advances from customers|1,123,125,892.84|1,123,125,892.84||
|Contractual liabilities||||
|Payroll payable|117,748,485.96|117,748,485.96||
|Taxes payable|161,176,957.25|161,176,957.25||
|Other payables|372,902,293.22|372,902,293.22||
|Including: Interest||||
|payable||||
|Dividends||||
|payable||||
|Liabilities directly||||
|associated with assets||||
|classified as held for sale||||
|Current portion of||||
|non-current liabilities||||
|Other current liabilities|32,605,794.55|32,605,794.55||
|Total current liabilities|2,198,498,893.75|2,198,498,893.75||

|||||
|-|-|-|-|
|Non-current liabilities:||||
|Long-term borrowings||||
|Bonds payable||||
|Including: Preferred||||
|shares||||
|Perpetual||||
|bonds||||
|Lease liabilities||||
|Long-term payables||||
|Long-term payroll payable||||
|Provisions||||
|Deferred income|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-current liabilities|41,246,292.37|41,246,292.37||
|Total liabilities|2,239,745,186.12|2,239,745,186.12||
|Owners’ equity:||||
|Share capital|503,600,000.00|503,600,000.00||
|Other equity instruments||||
|Including: Preferred||||
|shares||||
|Perpetual||||
|bonds||||
|Capital reserves|1,247,162,107.35|1,247,162,107.35||
|Less: Treasury stock||||
|Other comprehensive|4,794,830.59|||
|||0.00|-4,794,830.59|
|income||||
|Specific reserve||||
|Surplus reserves|251,800,000.00|251,800,000.00||
|Retained earnings|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 IndependentAuditor’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