2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
ANHUI GUJING DISTILLERY COMPANY LIMITED
2014 Semi-annual Report
August 2014
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Section I. Important Reminders, Contents & Definition
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Anhui Gujing Distillery Company Limited (hereinafter referred to as “the
Company”) warrant that this report is factual, accurate and complete without any false record,
misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
The Company plans not to distribute cash dividends or bonus shares or turn capital reserve into
share capital.
Liang Jinhui, company principal, Ye Changqing, chief of the accounting work, and Zhu Jiafeng,
chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report
enclosed in this report is factual, accurate and complete.
This report involves futures plans and some other forward-looking statements, which shall not be
considered as virtual promises to investors. Investors are kindly reminded to pay attention to
possible risks.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Contents
2014 Semi-annual Report .................................................................................................................. 1
Section I. Important Reminders, Contents & Definition ............................................................... 2
Section II. Company Profile .............................................................................................................. 5
Section III. Highlights of Accounting Data & Financial Indicators .............................................. 7
Section IV. Report of the Board of Directors ....................................................错误!未定义书签。
Section V. Significant Events ........................................................................................................... 19
Section VI. Change in Shares & Shareholders .............................................................................. 27
Section VII. Preferred Shares ......................................................................................................... 27
Section VIII. Directors, Supervisors & Senior Management Staff .................错误!未定义书签。
Section IX. Financial Report ..............................................................................错误!未定义书签。
Section X. Documents Available for Reference ................................................错误!未定义书签。
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Definition
Refers
Term Definition
to
Refers
Company, the Company, Gu Jing Anhui Gujing Distillery Company Limited
to
Refers
Group, the Group Anhui Gujing Distillery Company Limited (consolidated)
to
Refers
Gujing Group Anhui Gujing Group Co., Ltd.
to
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Section II. Company Profile
I. Basic information of the Company
Stock abbreviation GJGJ, GJGB Stock code 000596, 200596
Stock exchange listed with Shenzhen Stock Exchange
Chinese name of the Company 安徽古井贡酒股份有限公司
Abbr. of the Chinese name of
古井
the Company (if any)
English name of the Company
ANHUI GUJING DISTILLERY COMPANY LIMITED
(if any)
Abbr. of the English name of
GU JING
the Company (if any)
Legal representative of the
Liang Jinhui
Company
II. Contact information
Company Secretary Securities Affairs Representative
Name Ye Changqing Ma Junwei
Gujing Town, Bozhou City, Anhui Gujing Town, Bozhou City, Anhui
Contact address
Province Province
Tel. （0558）5712231 （0558）5710057
Fax （0558）5317706 （0558）5317706
E-mail ycq@gujing.com.cn gjzqb@gujing.com.cn
III. Other information
1. Ways to contact the Company
Did any change occur to the registered address, office address and their postal codes, website address and email address of the
Company during the reporting period?
□ Applicable √ Inapplicable
The registered address, office address and their postal codes, website address and email address of the Company did not change
during the reporting period. The said information can be found in the 2013 Annual Report.
2. About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Inapplicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for disclosing this report
and the location where this report is placed did not change during the reporting period. The said information can be found in the 2013
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Annual Report.
3. Change of the registered information
Did any change occur to the registered information during the reporting period?
□ Applicable √ Inapplicable
The registration date and place of the Company, its business license No., taxation registration No. and organizational code did not
change during the reporting period. The said information can be found in the 2013 Annual Report.
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Section III. Highlights of Accounting Data & Financial Indicators
I. Major accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of any accounting policy or
correction of any accounting error?
□ Yes √ No
Reporting period Same period of last year YoY +/- (%)
Operating revenues (RMB Yuan) 2,390,158,949.76 2,306,954,677.39 3.61%
Net profit attributable to shareholders of
357,806,197.58 375,752,833.11 -4.78%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 349,115,748.43 366,358,371.54 -4.71%
losses (RMB Yuan)
Net cash flows from operating activities
-76,213,052.44 142,716,150.70 -153.40%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.71 0.75 -5.33%
Diluted EPS (RMB Yuan/share) 0.71 0.75 -5.33%
Weighted average ROE (%) 9.33% 10.94% -1.61%
As at the end of the
As at the end of last year +/- (%)
reporting period
Total assets (RMB Yuan) 5,908,898,994.97 5,816,934,562.27 1.58%
Net assets attributable to shareholders of
3,927,285,740.25 3,742,756,257.05 4.93%
the Company (RMB Yuan)
II. Differences between accounting data under domestic and overseas accounting standards
1. Differences of net profit and net assets disclosed in financial reports prepared under international and
Chinese accounting standards
□ Applicable √ Inapplicable
No difference.
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and
Chinese accounting standards
□ Applicable √ Inapplicable
No difference.
III. Items and amounts of extraordinary gains and losses
√Applicable □ Inapplicable
Unit: RMB Yuan
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Item Amount Explanation
Gains/losses on the disposal of non-current assets (including the
-1,103,550.62
offset part of asset impairment provisions)
Capital occupation charges on non-financial enterprises that were
1,625,047.54
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
283,228.08
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Non-operating income and expenses other than the above 10,782,540.53
Less: Income tax effects 2,896,816.38
Total 8,690,449.15 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases during the reporting period.
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Section IV. Report of the Board of Directors
I. Overview
In the first half of 2014, adjustment in the distilled spirit industry continued to deepen, with innovation and
transformation speeding up. The Board of Directors of the Company had a calm mind in studying and judging the
big picture and made adjustments to adapt. Centering on the values of “be honest, make good wine, make
ourselves better and make the world better”, we further freed our mind, transformed our ideology, enhanced
management and deepened our exploration of markets, which enlarged the market share, improved the operation
and management capability and helped realize the normal operation of the main business of distilled spirit. For the
reporting period, the Company achieved operating revenues of RMB 2,390,158,949.76, up 3.61% year on year; and
net profits of RMB 357,806,197.58, down 4.78% from the same period of last year.
II. Main business analysis
YoY change of major financial data:
Unit: RMB Yuan
Reporting period Same period of last year YoY +/-% Main reasons for change
Operating revenues 2,390,158,949.76 2,306,954,677.39 3.61%
Operating costs 734,083,360.31 726,521,456.89 1.04%
Selling expenses 706,159,566.91 617,749,743.85 14.31%
Administrative expenses 239,125,781.91 178,529,442.62 33.94%
Financial expenses -32,364,892.13 -34,200,295.79 -5.37%
Income tax expenses 126,941,933.36 133,976,868.93 -5.25%
Net cash flows from
-76,213,052.44 142,716,150.70 -153.40%
operating activities
Net cash flows from
-204,715,450.66 -1,013,354,196.93 -79.80%
investing activities
The equity distribution
Net cash flows from
-251,800,000.00 -100.00% for 2013 was carried out
financing activities
in this July.
Net increase in cash and
-280,928,503.10 -1,122,438,046.23 -74.97%
cash equivalents
Major changes to the profit structure or sources of the Company during the reporting period:
□ Applicable √ Inapplicable
No major changes occurred to the profit structure or sources of the Company during the reporting period.
Reporting period progress of the future development planning in the disclosed documents of the Company such as share-soliciting
prospectuses, offering prospectuses, asset reorganization reports, etc.:
□ Applicable √ Inapplicable
The Company did not mention any future planning for the reporting period in its disclosed documents such as share-soliciting
prospectuses, offering prospectuses, asset reorganization reports, etc.
Review the progress of any previously disclosed business plan in the reporting period:
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
Naught
III. Breakdown of main business
Unit: RMB Yuan
Increase/decrea Increase/decrea Increase/decrea
Operating Gross profit se of operating se of operating se of gross
Operating costs
revenues rate revenues over costs over last profit rate over
last year year last year
Classified by industry:
Manufacture 2,368,129,229.88 713,705,869.42 69.86% 3.22% -0.15% 1.02%
Classified by product:
Distilled spirit
2,326,086,139.93 687,121,871.32 70.46% 3.27% 0.01% 0.96%
products
Hotel revenue 35,011,065.89 20,656,528.88 41.00% 5.32% 1.87% 2.00%
Other 7,032,024.06 5,927,469.22 15.71% -17.84% -20.45% 2.77%
Classified by region:
Domestic 2,368,129,229.88 713,705,869.42 69.86% 3.22% -0.15% 1.02%
IV. Core competitiveness analysis
No major change occurred to the core competitiveness of the Company during the reporting period.
V. Investment analysis
1. Investments in equities of external parties
(1) Investments in external parties
□ Applicable √ Inapplicable
There was no investment in external parties of the reporting period.
(2) Equity-holdings in financial enterprises
□ Applicable √ Inapplicable
There was no equity-holding in financial enterprise of the reporting period.
(3) Securities investments
√Applicable □ Inapplicable
Variety Code of Name of Initial Number Shareho Number Shareho Closing Gain/los
Account Source
of securitie securitie investmen of lding of lding book s for
ing title of stock
securitie s s t cost shares percenta shares percenta value reportin
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2014 Semi-annual Report of Anhui Gujing Distillery Company Limited
s (RMB held at ge at held at ge at (RMB g period
Yuan) period-b period-b period-e period-e Yuan) (RMB
egin egin nd nd Yuan)
Availabl
e-for-sal
25,199,9 1,938,46 3,489,22 28,053,4 Subscri
Stock 002374 LPGF 1.82% 1.82% 0.00 e
93.00 1 9 01.16 ption
financial
assets
Trading
17,060.0 Subscri
Stock 002720 LDRS 9,790.00 1,000 0.00% 1,000 0.00% financial
