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个股公告正文

古井贡B:2019年第三季度报告全文(英文版)

日期:2019-10-28附件下载

    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 the Company’s directors have attended the Board meeting for the review of this Report
    
    and its summary.
    
    Liang Jinhui, the Company’s legal representative, Ye Changqing, the Company’s Chief
    
    Accountant, and Zhu Jiafeng, head of the Company’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
    
                                30September2019        31December2018           Change(%)
    Total assets(RMB)                   13,265,837,811.82         12,509,928,449.72                 6.04%
    Equity attributable to the listed          8,588,195,185.21          7,601,984,024.58                12.97%
    company’s shareholders(RMB)
                                 Q32019        YoYchange(%)      Q1-Q32019      YoYchange(%)
    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           35.78%    1,741,611,160.63           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           36.11%             3.46           38.96%
    (RMB/share)
    Diluted   earnings  per  share             0.98           36.11%             3.46           38.96%
    (RMB/share)
    Weighted average return on equity            6.95%            1.03%           21.18%            3.03%
    (%)
    
    
    Unit: RMB
    
                        Item                           Q1-Q32019                Note
    Gain or loss on disposal of non-current assets (inclusive of           -1,264,176.82
    impairment allowancewrite-offs)
    Government subsidies recognizedinthecurrentperiod,exceptfor
    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-operatingincomeandexpenseotherthantheabove              23,973,103.11
    Less: Incometaxeffects                                      47,055,752.14
        Non-controlling interestseffects(netoftax)                     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 the Public—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 ofordinaryshareholders                   23,360 shareholders  with  resumed                    0
                                                  votingrights(ifany)
                                         Top10shareholders
       Name of      Natureof     Shareholding  Numberofshares Restrictedshares    Sharesinpledgeorfrozen
      shareholder     shareholder     percentage                                Status        Shares
    ANHUI GUJING
    GROUP       State-owned legal       53.89%    271,404,022             Inpledge          114,000,000
    COMPANY    person
    LIMITED
    GAOLING     Foreign    legal        2.47%     12,446,408
    FUND,L.P.     person
    AGRICULTURA
    L BANKOF
    CHINA- E
    FUND        Other                2.45%     12,324,779
    CONSUMPTION
    SECTOR
    STOCK
    SECURITIES
    INVESTMENT
    FUND
    HONG KONG
    SECURITIES   Foreign    legal        2.04%     10,294,450
    CLEARING    person
    COMPANYLTD.
    CHINA INT'L
    CAPITALCORP Foreign    legal
    HONG KONG   person                1.72%      8,657,025
    SECURITIES
    LTD
    UBS (LUX)
    EQUITY FUND- Foreign    legal
    CHINA       person                1.40%      7,068,861
    OPPORTUNITY
    (USD)
    CENTRAL
    HUIJIN ASSET  State-owned legal        1.30%      6,543,600
    MANAGEMENT person
    CO., LTD.
    NORGES BANK Foreign    legal        1.24%      6,249,311
                 person
    GREENWOODS Foreign    legal
    CHINAALPHA  person                1.12%      5,657,150
    MASTER FUND
    INDUSTRIAL
    AND
    COMMERCIAL
    BANK OF
    CHINA
    LIMITED-JINGS
    HUN         Other                1.05%      5,299,950
    GREATWALL
    EMERGING
    GROWTH
    HYBRID
    SECURITIES
    INVESTMENT
    FUND
                                     Top10unrestrictedshareholders
          Nameofshareholder                  Unrestrictedshares                    Sharesbytype
                                                                       Type        Shares
    ANHUI    GUJING    GROUP                             271,404,022 RMB-denominate    271,404,022
    COMPANYLIMITED                                               dordinarystock
                                                                  Domestically
    GAOLING FUND,L.P.                                       12,446,408 listed    foreign     12,446,408
                                                                  stock
    AGRICULTURALBANKOF
    CHINA- EFUNDCONSUMPTION                              12,324,779 RMB-denominate     12,324,779
    SECTOR STOCKSECURITIES                                        dordinarystock
    INVESTMENT FUND
    HONG KONGSECURITIES                                   10,294,450 RMB-denominate     10,294,450
    CLEARING COMPANYLTD.                                          dordinarystock
    CHINA INT'LCAPITALCORP                                         Domestically
    HONG KONGSECURITIESLTD                                8,657,025 listed    foreign      8,657,025
                                                                  stock
    UBS (LUX)EQUITYFUND-                                          Domestically
    CHINA OPPORTUNITY(USD)                                  7,068,861 listedforeign         7,068,861
                                                                  stock
    CENTRAL HUIJINASSET                                     6,543,600 RMB-denominate      6,543,600
    MANAGEMENT CO.,LTD.                                           dordinarystock
                                                                  Domestically
    NORGES BANK                                            6,249,311listed    foreign      6,249,311
                                                                  stock
    GREENWOODS CHINAALPHA                                       Domestically
    MASTER FUND                                            5,657,150 listedforeign         5,657,150
                                                                  stock
    INDUSTRIAL AND
    COMMERCIAL BANKOFCHINA
    LIMITED-JINGSHUN                                        5,299,950 RMB-denominate      5,299,950
    GREATWALLEMERGING                                           dordinarystock
    GROWTH HYBRIDSECURITIES
    INVESTMENT FUND
                             Among the shareholders above, the Company’s controlling shareholder—Anhui Gujing
                             Group CompanyLimited—isnotaconnectedpartyofothershareholders;noraretheyparties
    Related or acting-in-concert partiesacting in concert as defined in the Administrative Measures on Information Disclosure of
    among shareholdersabove       Changes in Shareholding of Listed Companies. As for the other shareholders, the Company
                             does notknowwhethertheyareconnectedpartiesorwhethertheybelongtopartiesactingin
                             concert as defined in the Administrative Measures on Information Disclosure of Changes in
                             ShareholdingofListedCompanies.
    Top  10  ordinary  shareholdersN/A
    involved in securitiesmargintrading
    (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
    
       Balancesheetitem      30September    31December2018    Change(%)            Explanationofwhy
                            2019
     Monetarycapital        3,696,303,467.62   1,705,760,865.12         116.70%  Increase in cash received from sales and
                                                                   investments
     Otherreceivables          21,798,848.07     43,342,878.22         -49.71%  Decreaseininterestsreceivable
     Othercurrentassets         13,520,098.86   3,012,478,687.20         -99.55%  The main reason is the reclassification of
                                                                   financialassets.
     Constructioninprogress     214,689,618.57     93,320,557.56         130.06%  The main reason is the establishment of
                                                                   digitalinformationsystem
     Othernon-currentassets    1,270,574,026.00     16,544,407.51       7,579.78%  Increaseininvestmentsandfinancing
     Notespayable           534,364,252.21    349,203,413.72          53.02%  Increase  in  signing  and  issuing  of
                                                                   commercialbills
     Payrollpayable           266,282,737.94    457,299,476.43         -41.77%  Increaseinpaymentofremuneration
      Incomestatementitem     Q1~Q32019      Q1~Q32018      Change(%)            Explanationofwhy
     R&Dexpense            25,719,404.29     11,993,003.62         114.45%  IncreaseinR&Dinput
     Otherincome             44,662,596.55     11,725,901.76         280.89%  Increase in  receipt of income-related
                                                                   governmentsubsidies
       Cashflowstatement      Q1~Q32019      Q1~Q32018      Change(%)            Explanationofwhy
            item
     Taxrefundsreceived        20,674,445.06      5,652,636.00         265.75%  Increaseintaxrefundsreceived
     Cash  received  from                                              Increase in cash received from withdrawal
     withdrawal        of   3,337,200,054.88   1,947,182,948.35          71.39%  of investments and financing due to
     investments                                                      maturity
     Cash    paid    for
     distributing   dividends    755,400,000.00    503,600,000.00          50.00%  Increaseindistributionofdividends
     and profits or paying
     interests
    
    
    II Progress, Influence and Solutions Associated with Significant Events
    
    □ Applicable √ Not applicable
    
    III Commitments that the Company, Shareholders, the Company’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/Losson Accumulated Purchased
     Security Security  Security     Initial    Measurement  Bceagrirnynininggcfhaairn-vgaelsuienfcahira-vnagleusein     RSepooldrtiinngGRaienp/oLrotisnsgincEanrrdyiinnggAccounting  Funding
      type    code     name   investmentcost  method     amount     Reporting   chargedto  RePpeorirotidngPeriod     Period     amount      title     source
                                                            Period      equity
                  ZXYSDP
        Trading
    Other          1stAssets   200,000,000.00 Fairvalue   206,393,107.46 17,197,481.92      0.00      0.00       0.00      0.00223,590,589.38 financial  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      0.00223,590,589.38    --       --
    Disclosure dateofannouncement
    on Board’sconsent for securities Naught
    investments
    Disclosure dateofannouncement
    on general meeting’sconsent for Naught
    securities investments(ifany)
    
    
    VI Wealth Management Entrustment
    
    √ Applicable □ Not applicable
    
    Unit: RMB’0,000 (in RMB ten thousand yuan)
    
       Typeofwealthmanagement           Fundingsource                  Principal           Outstandingamountbeforematurity        Overdueamount
    Wealthmanagementproduct      Self-funded                                       302,900                     86,600                      0.00
    purchased frombank
    Wealthmanagementproduct      Self-funded                                        18,000                       0.00                      0.00
    purchased frombroker
    Wealthmanagementproduct      Self-funded                                        30,000                       0.00                      0.00
    purchased fromentrustment
    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
                     Typeof   Principal             En               Reference       gain/lossin              Impairmen Through  Anyplan  Overview
             Type of   wealth    (Unit:    Funding  Star  d  Investment Wayof annualize Expecte  Reporting  Collection/payme    t    prescribe forfurther andindex
      Trustee   trustee managemen RMB’0,000  source   t  dat   with   paybac  dreturn  dreturn   Period   ntofgain/lossin  allowance    d    entrustmen  tomore
                     tproduct     )            date  e  principal    k     (%)   (ifany)   (Unit:   ReportingPeriod  (ifany)  procedure    t    informatio
                                                                               RMB’0,000                       ornot          n(ifany)
                                                                                   )
                                                   Purchasing 1.2%of
    CITIC                                           newshares thenet
    WingsAsset Compan Assets             Self-funde        offline,   valueof
    Managemen y      managemen    20,000d              fixed     product   6.00%            0.00N/A               0.00Yes     Yes
    t Company Limited tplan                            income   and
    Limited                                          instruments 20%of
                                                   , and     excess
                                                   Reverse   earning
                                                   repurchase  s
                                                   of national
                                                   debt, etc
    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)
    
        Ending
             Relationship Related-party            Initial                              Purchasedin  Soldin   Impairment           investment   Actual
    Counterparty  withthe   transaction   Typeof   investment  Startdate   Enddate   Beginning  Reporting  Reporting  allowance   Ending   as%ofthe gain/lossin
              Company     ornot    derivative    amount                     investment   Period     Period    (ifany)   investment  Company’s  Reporting
        endingnet   Period
        assets
    Reverse                       Reverse             28
    repurchase  Naught    No       repurchaseof      0.00December  30June        17,990     1,090     19,080               0.00     0.00%      0.35
    of national                     nationaldebt          2018      2019
    debt
    Total                                        0.00    --        --        17,990     1,090     19,080               0.00     0.00%      0.35
    Funding source                           Self-funded
    Legal mattersinvolved(ifapplicable)             N/A
    Disclosure date of board announcement approving 30August2013
    derivative investment(ifany)
    Disclosure date of general meeting announcement
    approving derivativeinvestment(ifany)
    Analysis of risks and control measures associated with
    derivative  investments held in Reporting  Period TheCompanyhadcontrolledtherelevantrisksstrictlyaccordingtotheDerivativesInvestmentManagementSystem.
    (including but not limited to marketrisk,liquidity risk,
    credit risk,operationalrisk,legalrisk,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 andparameters)
    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 investingin thereasonablefinancial derivativeinstruments, which wasin favor of improvingtheserviceefficiency of the idle
                                         funds; inordertoreducetheinvestmentrisksofthefinancialderivativeinstruments,theCompanyhadsetupcorrespondingsupervision
    Opinion ofindependentdirectorsonderivative       mechanismforthefinancialderivativeinstrumentbusinessandformulatedreasonableaccountingpolicyaswellasspecificprinciplesof
    investments andriskcontrol                   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 the Company’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                     30September2019                 31December2018
    Current assets:
      Monetarycapital                                3,696,303,467.62                   1,705,760,865.12
      Settlementreserve
      Interbankloansgranted
      Tradingfinancialassets                            1,182,590,589.38                           0.00
      Financialassets at fair value through                           0.00                       622,892.96
    profit orloss
      Derivativefinancialassets
      Notesreceivable                                1,205,217,571.01                   1,347,427,811.34
      Accountsreceivable                                30,776,795.29                     29,748,068.74
      Accountsreceivablefinancing
      Prepayments                                    128,268,357.38                    182,558,000.75
      Premiumsreceivable
      Reinsurancereceivables
      Receivable  reinsurance  contract
    reserve
      Otherreceivables                                  21,798,848.07                     43,342,878.22
      Including:Interestsreceivable                                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
      Contractualassets
      Assetsclassifiedasheldforsale
      Currentportionofnon-currentassets                            0.00                    300,000,000.00
      Othercurrentassets                                13,520,098.86                   3,012,478,687.20
    Total currentassets                                8,738,488,772.01                   9,029,245,869.19
    Non-current assets:
      Loansandadvancestocustomers
      Investmentsindebtobligations
      Available-for-salefinancialassets                              0.00                    206,393,107.46
      Investmentsinotherdebtobligations
      Held-to-maturityinvestments
      Long-termreceivables
      Long-termequityinvestments                          4,769,375.34                     4,900,000.00
      Investmentsinotherequity
    instruments
      Othernon-currentfinancialassets
      Investmentproperty                                 4,789,371.67                     5,027,228.53
      Fixedassets                                   1,657,696,280.27                   1,763,988,530.56
      Constructioninprogress                             214,689,618.57                     93,320,557.56
      Productivelivingassets
      Oilandgasassets
      Right-of-useassets
      Intangibleassets                                  728,660,670.42                    742,083,609.10
      R&Dexpense
      Goodwill                                      478,283,495.29                    478,283,495.29
      Long-termprepaidexpense                           69,290,325.48                     83,561,473.46
      Deferredincometaxassets                            98,595,876.77                     86,580,171.06
      Othernon-currentassets                           1,270,574,026.00                     16,544,407.51
    Total non-currentassets                             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-termborrowings
      Borrowingsfromcentralbank
      Interbankloansobtained
      Tradingfinancialliabilities
      Financial liabilities at fair value
    through profitorloss
      Derivativefinancialliabilities
      Notespayable                                   534,364,252.21                    349,203,413.72
      Accountspayable                                 379,566,637.85                    484,952,598.59
      Advancesfromcustomers                            889,878,114.36                  1,149,143,310.48
      Contractualliabilities
      Financialassetssoldunder
    repurchase agreements
       Customerdepositsandinterbank
    deposits
      Payables  for  acting  trading  of
    securities
      Payables  for  underwriting  of
    securities
      Payrollpayable                                  266,282,737.94                    457,299,476.43
      Taxespayable                                   374,653,268.64                    372,993,624.18
      Otherpayables                                  1,307,511,367.33                  1,192,020,147.82
        Including:Interestpayable
               Dividendspayable
      Handlingchargesandcommissions
    payable
      Reinsurancepayable
      Liabilities directly associated with
    assets classifiedasheldforsale
      Current  portion  of  non-current
    liabilities
      Othercurrentliabilities                             278,907,017.40                    295,164,745.44
    Total currentliabilities                              4,031,163,395.73                   4,300,777,316.66
    Non-current liabilities:
      Insurancecontractreserve
      Long-termborrowings
      Bondspayable
        Including:Preferredshares
               Perpetualbonds
      Leaseliabilities
      Long-termpayables
      Long-termpayrollpayable
      Provisions
      Deferredincome                                  73,566,143.65                     76,636,500.55
      Deferredincometaxliabilities                         105,495,063.97                    102,764,515.11
      Othernon-currentliabilities
    Total non-currentliabilities                            179,061,207.62                    179,401,015.66
    Total liabilities                                   4,210,224,603.35                   4,480,178,332.32
    Owners’equity:
      Sharecapital                                    503,600,000.00                    503,600,000.00
      Otherequityinstruments
        Including:Preferredshares
               Perpetualbonds
      Capitalreserves                                 1,295,405,592.25                   1,295,405,592.25
      Less:Treasurystock
      Othercomprehensiveincome                                 0.00                     4,794,830.59
      Specificreserve
      Surplusreserves                                  256,902,260.27                    256,902,260.27
      Generalreserve
      Retainedearnings                                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 Companyastheparent
    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 liabilitiesandowners’equity                      13,265,837,811.82                  12,509,928,449.72
    
    
    Legal representative: Liang Jinhui The Company’s chief accountant: Ye Changqing
    
    Head of the Company’s financial department: Zhu Jiafeng
    
    2. Balance Sheet of the Company as the Parent
    
    Unit: RMB
    
                Item                     30September2019                 31December2018
    Current assets:
      Monetarycapital                                2,715,636,124.24                   1,078,172,917.59
      Tradingfinancialassets                             889,590,589.38                           0.00
      Financialassets at fair value through                           0.00                       622,892.96
    profit orloss
      Derivativefinancialassets
      Notesreceivable                                  945,951,910.95                   1,256,336,386.34
      Accountsreceivable                                12,315,991.92                     9,385,950.54
      Accountsreceivablefinancing
      Prepayments                                     36,280,673.79                     10,869,911.54
      Otherreceivables                                  86,032,697.25                    110,800,665.19
       Including:Interestsreceivable
              Dividendsreceivable
      Inventories                                    2,088,506,955.04                   2,125,826,967.11
      Contractualassets
      Assetsclassifiedasheldforsale
      Currentportionofnon-currentassets
      Othercurrentassets                                       0.00                   1,764,267,968.83
    Total currentassets                                6,774,314,942.57                   6,356,283,660.10
    Non-current assets:
      Investmentsindebtobligations
      Available-for-salefinancialassets                              0.00                    206,393,107.46
      Investmentsinotherdebtobligations
      Held-to-maturityinvestments
      Long-termreceivables
      Long-termequityinvestments                        1,148,213,665.32                   1,148,213,665.32
      Investmentsinotherequity
    instruments
      Othernon-currentfinancialassets
      Investmentproperty                                 4,789,371.67                     24,715,657.40
      Fixedassets                                   1,235,047,264.11                  1,290,714,455.79
      Constructioninprogress                             175,684,124.11                     86,634,753.93
      Productivelivingassets
      Oilandgasassets
      Right-of-useassets
      Intangibleassets                                  184,454,384.36                    189,968,142.25
      R&Dexpense
      Goodwill
      Long-termprepaidexpense                           46,629,222.80                     56,643,945.05
      Deferredincometaxassets                            20,829,351.24                     37,415,458.17
      Othernon-currentassets                               574,026.00                     12,474,026.00
    Total non-currentassets                             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-termborrowings
      Tradingfinancialliabilities
      Financial liabilities at fair value
    through profitorloss
      Derivativefinancialliabilities
      Notespayable                                    48,266,234.40                     28,648,913.72
      Accountspayable                                 326,366,511.31                    362,290,556.21
      Advancesfromcu                               1,282,992,147.54                   1,123,125,892.84
      Contractualliabilities
      Payrollpayable                                   73,149,434.31                    117,748,485.96
      Taxespayable                                   233,134,193.16                    161,176,957.25
      Otherpayables                                   239,324,288.73                    372,902,293.22
       Including:Interestspayable
              Dividendspayable
      Liabilities directly associated with
    assets classifiedasheldforsale
      Current  portion  of  non-current
    liabilities
      Othercurrentliabilities                               3,966,911.24                     32,605,794.55
    Total currentliabilities                              2,207,199,720.69                   2,198,498,893.75
    Non-current liabilities:
      Long-termborrowings
      Bondspayable
        Including:Preferredshares
               Perpetualbonds
      Leaseliabilities
      Long-termpayables
      Long-termpayrollpayable
      Provisions
      Deferredincome                                  33,863,587.71                     36,417,554.85
      Deferredincometaxliabilities                          9,045,546.24                     4,828,737.52
      Othernon-currentliabilities
    Total non-currentliabilities                             42,909,133.95                     41,246,292.37
    Total liabilities                                   2,250,108,854.64                   2,239,745,186.12
    Owners’equity:
      Sharecapital                                    503,600,000.00                    503,600,000.00
      Otherequityinstruments
        Including:Preferredshares
               Perpetualbonds
      Capitalreserves                                 1,247,162,107.35                   1,247,162,107.35
      Less:Treasurystock
      Othercomprehensiveincome                                                         4,794,830.59
      Specificreserve
      Surplusreserves                                  251,800,000.00                    251,800,000.00
      Retainedearnings                                5,337,865,390.19                   5,162,354,747.41
    Total owners’equity                                7,340,427,497.54                   7,169,711,685.35
    Total liabilitiesandowners’equity                      9,590,536,352.18                   9,409,456,871.47
    
    
    3. Consolidated Income Statement for Q3
    
    Unit: RMB
    
                Item                         Q32019                        Q32018
    1. Revenue                                      2,214,767,350.88                  1,979,015,719.48
      Including:Operatingrevenue                        2,214,767,350.88                  1,979,015,719.48
             Interest income
             Premium income
             Handling   charge   and
    commission income
    2. Operatingcostsandexpenses                        1,606,834,684.29                  1,533,956,349.59
      Including:Costofsales                             549,495,046.47                    449,656,771.27
             Interest expense
             Handling   charge   and
    commission expense
             Surrenders
             Net claimspaid
             Net  amount provided as
    insurance contractreserve
             Expenditure   on  policy
    dividends
             Reinsurance     premium
    expense
             Taxes andsurcharges                       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: Otherincome                                   13,878,677.87                     7,238,865.71
        Investment income(“-”forloss)                      28,665,355.29                    36,500,416.69
          Including:Shareofprofitorloss
    of jointventuresandassociates
        Derecognition incomeoffinancial
    assets  measuredatamortizedcost
        Foreign  exchange gain (“-” for
    loss)
        Net gain on exposure hedges (“-”
    for loss)
        Gain onchangesinfairvalue(“-”                      5,994,298.28                      -255,827.36
    for loss)
         Credit impairmentloss(“-”for
    loss)
         Assets impairmentloss(“-”for                        159,351.46                        5,770.66
    loss)
        Asset  disposal income (“-” for                      103,277.91                       -43,358.78
    loss)
    3. Operatingprofit(“-”forloss)                         656,733,627.40                    488,505,236.81
    Add: Non-operatingincome                             14,398,366.14                    11,046,979.09
    Less: Non-operatingexpense                             1,313,838.64                     2,375,421.09
    4. Profitbeforetax(“-”forloss)                         669,818,154.90                    497,176,794.81
    Less: Incometaxexpense                              163,503,787.54                    123,682,385.77
    5. Netprofit(“-”fornetloss)                           506,314,367.36                    373,494,409.04
      5.1Byoperatingcontinuity
       5.1.1  Net profit from continuing                   506,314,367.36                    373,494,409.04
    operations (“-”fornetloss)
       5.1.2 Net profit from discontinued
    operations (“-”fornetloss)
      5.2Byownership
       5.2.1  Net  profit  attributable  to                   493,294,846.62                    363,302,909.34
    owners oftheCompanyastheparent
       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
      AttributabletoownersoftheCompany                          0.00                     -3,418,191.21
    as theparent
       6.1  Items  that  will  not  be
    reclassified toprofitorloss
         6.1.1 Changes in net liabilities or
    assets caused by remeasurements on
    defined benefitpensionschemes
         6.1.2    Share    of    other
    comprehensive income of investees that
    will not be reclassified to profit or loss
    under equitymethod
         6.1.3 Changes in the fair value of
    investments inotherequityinstruments
         6.1.4 Changes in the fair value of
    the company’screditrisks
         6.1.5 Other
       6.2 Items that may subsequently be                          0.00                     -3,418,191.21
    reclassified toprofitorloss
         6.2.1    Share    of    other
    comprehensive income of investees that
    will be reclassifiedtoprofitorlossunder
    equity method
         6.2.2 Changes in the fair value of
    investments inotherdebtobligations
         6.2.3 Gain/Lossonchangesinthe
    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 financialassets
         6.2.5 Gain/Loss arising from the
    reclassification   of   held-to-maturity
    investments toavailable-for-salefinancial
    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 Differencesarising from the
    translation       of       foreign
    currency-denominated       financial
    statements
         6.2.9 Other
      Attributable   to   non-controlling
    interests
    7. Totalcomprehensiveincome                          506,314,367.36                    370,076,217.83
      AttributabletoownersoftheCompany                   493,294,846.62                    359,884,718.13
    as theparent
      Attributable   to   non-controlling                    13,019,520.74                    10,191,499.70
    interests
    8. Earningspershare
      8.1Basicearningspershare                                  0.98                           0.72
      8.2Dilutedearningspershare                                0.98                           0.72
    
    
    Legal representative: Liang Jinhui The Company’s chief accountant: Ye Changqing
    
    Head of the Company’s financial department: Zhu Jiafeng
    
    4. Income Statement of the Company as the Parent for Q3
    
    Unit: RMB
    
                Item                        Q32019                        Q32018
    1. Operatingrevenue                               1,194,365,169.31                    966,230,506.66
    Less: Costofsales                                  502,553,273.90                    407,544,411.06
       Taxes andsurcharges                             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: Interestexpense                        12,839,179.18                           0.00
                Interest income                         30,860,960.92                     7,601,319.39
    Add: Otherincome                                   6,167,148.89                     6,035,419.81
        Investment income(“-”forloss)                      10,800,845.34                     30,902,683.31
         Including: Shareofprofitorloss
    of jointventuresandassociates
         Derecognition incomeof
    financial assets  measuredatamortized
    cost
        Net gainonexposurehedges(“-”
    for loss)
        Gain onchangesinfairvalue(“-”                      5,994,298.28                      -255,827.36
    for loss)
         Credit impairmentloss(“-”for
    loss)
         Assetsimpairmentloss(“-”for
    loss)
         Asset disposalincome(“-”for
    loss)
    2. Operatingprofit(“-”forloss)                         312,641,742.34                    196,751,378.95
    Add: Non-operatingincome                             11,030,693.23                     8,922,115.32
    Less: Non-operatingexpense                              825,676.96                     2,344,326.21
    3. Profitbeforetax(“-”forloss)                         322,846,758.61                    203,329,168.06
    Less: Incometaxexpense                              80,711,689.66                     51,037,972.71
    4. Netprofit(“-”fornetloss)                           242,135,068.95                    152,291,195.35
      4.1 Net  profit  from  continuing                    242,135,068.95                    152,291,195.35
    operations (“-”fornetloss)
      4.2 Net profit from discontinued
    operations (“-”fornetloss)
    5. Other comprehensive income, net of                           0.00                     -3,389,900.15
    tax
      5.1Items that will not be reclassified
    to profitorloss
       5.1.1 Changes in net liabilities or
    assets caused by remeasurements on
    defined benefitpensionschemes
       5.1.2 Other comprehensiveincome
    that will not be reclassified to profit or
    loss undertheequitymethod
       5.1.3 Changes in the fair value of
    investments inotherequityinstruments
       5.1.4 Changes in the fair value of
    the company’screditrisks
       5.1.5 Other
      5.2 Items that may subsequently be                           0.00                     -3,389,900.15
    reclassified toprofitorloss
       5.2.1    Share    of    other
    comprehensive incomeofinvesteesthat
    will be reclassified to profit or loss
    under equitymethod
       5.2.2 Changes in the fair value of
    investments inotherdebtobligations
       5.2.3 Gain/Loss on changes in the
    fair value of available-for-salefinancial                           0.00                     -3,389,900.15
    assets
       5.2.4 Other comprehensiveincome
    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 Reserveforcashflowhedges
       5.2.8 Differences arising from the
    translation       of       foreign
    currency-denominated      financial
    statements
       5.2.9 Other
    6. Totalcomprehensiveincome                          242,135,068.95                    148,901,295.20
    7. Earningspershare
       7.1Basicearningspershare                                 0.48                           0.30
       7.2Dilutedearningspershare                               0.48                           0.30
    
    
    5. Consolidated Income Statement for Q1~Q3
    
    Unit: RMB
    
                Item                       Q1~Q32019                     Q1~Q32018
    1. Revenue                                      8,202,880,349.97                  6,762,099,614.81
      Including:Operatingrevenue                        8,202,880,349.97                  6,762,099,614.81
             Interest income
             Premium income
             Handling   charge   and
    commission income
    2. Operatingcostsandexpenses                        6,023,415,690.08                  5,163,614,737.70
      Including:Costofsales                            1,943,651,781.02                  1,492,332,239.51
             Interest expense
             Handling   charge   and
    commission expense
             Surrenders
             Net claimspaid
             Net amountprovidedas
    policy reserve
             Expenditure   on  policy
    dividends
             Reinsurance     premium
    expense
             Taxes andsurcharges                      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: Otherincome                                   44,662,596.55                    11,725,901.76
        Investment income(“-”forloss)                     106,012,402.82                    105,275,436.64
          Including:Shareofprofitorloss
    of jointventuresandassociates
           Derecognitionincomeof
    financial assetsmeasuredatamortized
    cost
         Foreign exchangegain(“-”for
    loss)
         Net gainonexposurehedges(“-”
    for loss)
         Gain onchangesinfairvalue(“-”                    17,314,643.84                       -19,119.59
    for loss)
         Credit impairmentloss(“-”for
    loss)
         Assetsimpairmentloss(“-”for                      -6,262,466.61                     -1,166,140.70
    loss)
         Asset disposalincome(“-”for                        222,766.47                       111,079.03
    loss)
    3. Operatingprofit(“-”forloss)                        2,341,414,602.96                  1,714,412,034.25
    Add: Non-operatingincome                             25,549,129.67                    25,805,776.85
    Less: Non-operatingexpense                             3,051,449.71                     6,813,434.13
    4. Profitbeforetax(“-”forloss)                        2,363,912,282.92                  1,733,404,376.97
    Less: Incometaxexpense                              582,649,191.85                    444,472,301.01
    5. Netprofit(“-”fornetloss)                          1,781,263,091.07                  1,288,932,075.96
      5.1Byoperatingcontinuity(“-”fornet
    loss)
       5.1.1  Net profit from continuing                  1,781,020,727.52                  1,288,932,075.96
    operations (“-”fornetloss)
       5.1.2 Net profit from discontinued
    operations (“-”fornetloss)
      5.2Byownership
       5.2.1 Netprofitattributableto                      1,741,611,160.63                  1,255,725,246.98
    owners oftheCompanyastheparent
       5.2 2.Netprofitattributableto                        39,651,930.44                    33,206,828.98
    non-controlling interests
    6. Other comprehensive income, net of                          0.00                    -48,520,466.79
    tax
      AttributabletoownersoftheCompany                          0.00                    -48,520,466.79
    as theparent
       6.1  Items  that  will  not  be
    reclassified toprofitorloss
         6.1.1 Changes in net liabilities or
    assets caused by remeasurements on
    defined benefitpensionschemes
         6.1.2    Share    of    other
    comprehensive income of investees that
    will not be reclassified to profit or loss
    under equitymethod
         6.1.3 Changes in the fair value of
    investments inotherequityinstruments
         6.1.4 Changes in the fair value of
    the company’screditrisks
         6.1.5 Other
       6.2 Items that may subsequently be                          0.00                    -48,520,466.79
    reclassified toprofitorloss
         6.2.1    Share    of    other
    comprehensive income of investees that
    will be reclassifiedtoprofitorlossunder
    equity method
         6.2.2 Changesinthefairvalueof
    investments inotherdebtobligations
         6.2.3 Gain/Lossonchangesinfair
    value ofavailable-for-salefinancial                               0.00                    -48,520,466.79
    assets
         6.2.4. Othercomprehensive
    income arisingfromthereclassification
    of financialassets
         6.2.5 Gain/Lossarisingfrom
    reclassification ofheld-to-maturity
    investments toavailable-for-salefinancial
    assets
         6.2.6Allowanceforcredit
    impairments ininvestmentsinotherdebt
    obligations
         6.2.7 Reserveforcashflow
    hedges
         6.2.8 Differences arising from
    translation       of       foreign
    currency-denominated       financial
    statements
         6.2.9 Other
      Attributable   to   non-controlling
    interests
    7. Totalcomprehensiveincome                         1,781,263,091.07                  1,240,411,609.17
      AttributabletoownersoftheCompany                  1,741,611,160.63                  1,207,204,780.19
    as theparent
      Attributable   to   non-controlling                    39,651,930.44                    33,206,828.98
    interests
    8. Earningspershare
      8.1Basicearningspershare                                  3.46                           2.49
      8.2Dilutedearningspershare                                3.46                           2.49
    
    
    Legal representative: Liang Jinhui The Company’s chief accountant: Ye Changqing
    
    Head of the Company’s financial department: Zhu Jiafeng
    
    6. Income Statement of the Company as the Parent for Q1~Q3
    
    Unit: RMB
    
                Item                       Q1~Q32019                     Q1~Q32018
    1. Operatingrevenue                               4,339,047,632.89                   3,339,740,226.62
    Less: Costofsales                                 1,780,471,850.81                   1,369,991,138.38
       Taxes andsurcharges                            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: Interestexpense                        26,846,026.27                           0.00
                Interest income                         48,601,883.96                     27,845,600.69
    Add: Otherincome                                   9,539,867.14                     8,398,899.82
        Investment income(“-”forloss)                      42,684,714.10                     92,204,951.64
          Including: Share of profit or
    loss ofjointventuresandassociates
           Derecognitionincomeof
    financial assetsmeasuredatamortized
    cost
         Net gainonexposurehedges
    (“-” forloss)
         Gain onchangesinfairvalue                       17,314,643.84                       -19,119.59
    (“-” forloss)
         Credit impairmentloss(“-”for
    loss)
         Assets impairmentloss(“-”for                      -6,131,316.45                     -1,440,847.72
    loss)
         Asset disposalincome(“-”for                         36,552.41                           0.00
    loss)
    2. Operatingprofit(“-”forloss)                        1,199,767,145.28                    793,594,415.16
    Add: Non-operatingincome                             20,373,416.46                     21,200,416.41
    Less: Non-operatingexpense                             2,050,990.73                     5,660,670.73
    3. Profitbeforetax(“-”forloss)                        1,218,089,571.01                    809,134,160.84
    Less: Incometaxexpense                             291,973,758.82                    213,614,710.77
    4. Netprofit(“-”fornetloss)                           926,115,812.19                    595,519,450.07
      4.1 Net  profit  from  continuing                    926,115,812.19                    595,519,450.07
    operations (“-”fornetloss)
      4.2 Net profit from discontinued
    operations (“-”fornetloss)
    5. Other comprehensive income, net of                           0.00                    -48,454,375.73
    tax
      5.1Items that will not be reclassified
    to profitorloss
       5.1.1 Changes in net liabilities or
    assets caused by remeasurements on
    defined benefitpensionschemes
       5.1.2    Share    of    other
    comprehensive incomeofinvesteesthat
    will not be reclassified to profit or loss
    under equitymethod
       5.1.3 Changesinthefairvalueof
    investments inotherdebtobligations
       5.1.4 Changesinthefairvalueof
    the company’screditrisks
       5.1.5 Other
      5.2 Items that may subsequently be                           0.00                    -48,454,375.73
    reclassified toprofitorloss
       5.2.1    Share    of    other
    comprehensive incomeofinvesteesthat
    will be reclassified to profit or loss
    under equitymethod
       5.2.2 Changesinthefairvalueof
    investments inotherdebtobligations
       5.2.3 Gain/Lossonchangesinfair
    value ofavailable-for-salefinancial                              0.00                    -48,454,375.73
    assets
       5.2.4 Othercomprehensiveincome
    arising fromthereclassificationof
    financial assets
       5.2.5 Gain/Lossarisingfrom
    reclassification ofheld-to-maturity
    investments toavailable-for-sale
    financial assets
       5.2.6 Allowanceforcredit
    impairments ininvestmentsinother
    debt obligations
       5.2.7 Reserveforcashflowhedges
       5.2.8  Differences  arising  from
    translation       of       foreign
    currency-denominated      financial
    statements
       5.2.9 Other
    6. Totalcomprehensiveincome                          926,115,812.19                    547,065,074.34
    7. Earningspershare
       7.1Basicearningspershare                                 1.84                           1.18
       7.2Dilutedearningspershare                               1.84                           1.18
    
    
    7. Consolidated Cash Flow Statement for Q1~Q3
    
    Unit: RMB
    
                Item                       Q1~Q32019                     Q1~Q32018
    1. Cashflowsfromoperatingactivities:
      Proceeds from sale of commodities                   8,252,482,399.40                   7,234,393,863.39
    and renderingofservices
      Netincreaseincustomerdepositsand
    interbank deposits
      Net increase in borrowings from
    central bank
      Net increase in loans from other
    financial institutions
      Premiums  received  on  original
    insurance contracts
      Netproceedsfromreinsurance
      Net  increase  in  deposits  and
    investments ofpolicyholders
      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
      Taxrebates                                      20,674,445.06                     5,652,636.00
      Cashgenerated 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
      Netincreaseinloansandadvancesto
    customers
      Net increase in deposits in central
    bank andininterbankloansgranted
      Paymentsforclaimsonoriginal
    insurance contracts
      Netincreaseininterbankloans
    granted
      Interest,handlingchargesand
    commissions paid
      Policydividendspaid
      Cashpaidtoandforemployees                       1,445,715,909.31                   1,096,353,967.34
      Taxespaid                                    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. Cashflowsfrominvestingactivities:
      Proceedsfromdisinvestment                        3,337,200,054.88                   1,947,182,948.35
      Investmentincome                                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 orotherbusinessunits
      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
      Paymentsforinvestments                          2,355,560,163.50                   2,577,352,685.44
      Netincreaseinpledgedloansgranted
      Net payments for acquisition of
    subsidiaries andotherbusinessunits
      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. Cashflowsfromfinancingactivities:
      Capitalcontributionsreceived
       Including: Capitalcontributionsby
    non-controlling intereststosubsidiaries
      Increaseinborrowingsobtained
      Cashgeneratedfromotherfinancing
    activities
    Subtotal  of  cash  generated  from
    financing activities
      Repaymentofborrowings
      Paymentsforinterestanddividends                     755,400,000.00                    503,600,000.00
       Including:  Dividends  paid  by
    subsidiaries tonon-controllinginterests
      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 oncashandcashequivalents
    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 oftheperiod
    6. Cashandcashequivalents,endofthe                   3,191,923,351.69                   2,290,543,688.54
    period
    
    
    8. Cash Flow Statement of the Company as the Parent for Q1~Q3
    
    Unit: RMB
    
                Item                       Q1~Q32019                     Q1~Q32018
    1. Cashflowsfromoperatingactivities:
      Proceeds from sale of commodities                   4,685,243,331.72                   3,141,049,319.18
    and renderingofservices
      Taxrebates                                       4,448,500.00                     4,523,679.80
      Cashgenerated 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
      Cashpaidtoandforemployees                        503,962,356.85                    415,612,241.11
      Taxespaid                                    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. Cashflowsfrominvestingactivities:
      Proceedsfromdisinvestment                        1,811,640,054.88                  1,616,531,449.45
      Investmentincome                                 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 orotherbusinessunits
      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
      Paymentsforinvestments                            726,900,163.50                   1,397,352,685.44
      Net payments for acquisition of
    subsidiaries andotherbusinessunits
      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. Cashflowsfromfinancingactivities:
      Capitalcontributionsreceived
      Increaseinborrowingsobtained
      Cashgenerated from other financing
    activities
    Subtotal  of  cash  generated  from
    financing activities
      Repaymentofborrowings
      Paymentsforinterestanddividends                     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 oncashandcashequivalents
    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 oftheperiod
    6. Cashandcashequivalents,endofthe                   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              31December2018           1January2019              Adjusted
    Current assets:
      Monetarycapital                  1,705,760,865.12           1,705,760,865.12
      Settlementreserve
      Interbankloansgranted
      Tradingfinancialassets                      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 throughprofitorloss
      Derivativefinancialassets
      Notesreceivable                  1,347,427,811.34           1,347,427,811.34
      Accountsreceivable                 29,748,068.74             29,748,068.74
      Accountsreceivable
    financing
      Prepayments                     182,558,000.75            182,558,000.75
      Premiumsreceivable
      Reinsurancereceivables
      Receivable   reinsurance
    contract reserve
      Otherreceivables                   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 resaleagreements
      Inventories                     2,407,306,664.86           2,407,306,664.86
      Contractualassets
      Assets classified as held
    for sale
      Current   portion   of            300,000,000.00            300,000,000.00
    non-current assets
      Othercurrentassets                3,012,478,687.20            254,478,687.20          -2,758,000,000.00
    Total currentassets                  9,029,245,869.19           9,235,638,976.65            206,393,107.46
    Non-current assets:
      Loans and advances to
    customers
      Investmentsindebt
    obligations
      Available-for-salefinancial            206,393,107.46                   0.00            -206,393,107.46
    assets
      Investmentsinotherdebt
    obligations
      Held-to-maturity
    investments
      Long-termreceivables
      Long-term       equity              4,900,000.00              4,900,000.00
    investments
      Investmentsinotherequity
    instruments
      Othernon-currentfinancial
    assets
      Investmentproperty                  5,027,228.53              5,027,228.53
      Fixedassets                     1,763,988,530.56           1,763,988,530.56
      Constructioninprogress               93,320,557.56             93,320,557.56
      Productivelivingassets
      Oilandgasassets
      Right-of-useassets
      Intangibleassets                   742,083,609.10            742,083,609.10
      R&Dexpense
      Goodwill                        478,283,495.29            478,283,495.29
      Long-term      prepaid             83,561,473.46             83,561,473.46
    expense
      Deferredincometaxassets             86,580,171.06             86,580,171.06
      Othernon-currentassets               16,544,407.51             16,544,407.51
    Total non-currentassets               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-termborrowings
      Borrowings from central
    bank
      Interbankloansobtained
      Tradingfinancialliabilities
      Financial liabilities at fair
    value throughprofitorloss
      Derivative     financial
    liabilities
      Notespayable                     349,203,413.72            349,203,413.72
      Accountspayable                  484,952,598.59            484,952,598.59
      Advancesfromcustomers            1,149,143,310.48           1,149,143,310.48
      Contractualliabilities
      Financialassets sold under
    repurchase agreements
      Customer  deposits  and
    interbank deposits
      Payablesfor acting trading
    of securities
      Payables for underwriting            457,299,476.43            457,299,476.43
    of securities
      Payrollpayable                    372,993,624.18            372,993,624.18
      Taxespayable                   1,192,020,147.82           1,192,020,147.82
      Otherpayables
       Including: Interest
    payable
               Dividends
    payable
      Handling  charges  and
    commissions payable
      Reinsurancepayables
      Liabilities      directly
    associated   with   assets
    classified asheldforsale
      Current   portion   of
    non-current liabilities
      Othercurrentliabilities               295,164,745.44            295,164,745.44
    Total currentliabilities                4,300,777,316.66           4,300,777,316.66
    Non-current liabilities:
      Insurancecontractreserve
      Long-termborrowings
      Bondspayable
       Including:    Preferred
    shares
               Perpetual
    bonds
      Leaseliabilities
      Long-termpayables
      Long-termpayrollpayable
      Provisions
      Deferredincome                    76,636,500.55             76,636,500.55
      Deferred  income   tax            102,764,515.11            102,764,515.11
    liabilities
      Other      non-current
    liabilities
    Totalnon-currentliabilities              179,401,015.66            179,401,015.66
    Total liabilities                     4,480,178,332.32           4,480,178,332.32
    Owners’equity:
      Sharecapital                     503,600,000.00            503,600,000.00
      Otherequityinstruments
        Including:   Preferred
    shares
               Perpetual
    bonds
      Capitalreserves                  1,295,405,592.25           1,295,405,592.25
      Less:Treasurystock
      Other    comprehensive              4,794,830.59                   0.00             -4,794,830.59
    income
      Specificreserve
      Surplusreserves                   256,902,260.27            256,902,260.27
      Generalreserve
      Retainedearnings                 5,541,281,341.47           5,546,076,172.06              4,794,830.59
    Total equity attributable to
    owners of the Company as           7,601,984,024.58           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              31December2018           1January2019              Adjusted
    Current assets:
      Monetarycapital                  1,078,172,917.59           1,078,172,917.59
      Tradingfinancialassets                      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 throughprofitorloss
      Derivativefinancialassets
      Notesreceivable                  1,256,336,386.34           1,256,336,386.34
      Accountsreceivable                  9,385,950.54              9,385,950.54
      Accountsreceivable
    financing
      Prepayments                      10,869,911.54             10,869,911.54
      Otherreceivables                   110,800,665.19            110,800,665.19
       Including: Interest
    receivable
               Dividends
    receivable
      Inventories                     2,125,826,967.11           2,125,826,967.11
      Contractualassets
      Assets classified as held
    for sale
      Current   portion   of
    non-current assets
      Othercurrentassets                1,764,267,968.83            164,267,968.83          -1,600,000,000.00
    Total currentassets                  6,356,283,660.10           6,562,676,767.56            206,393,107.46
    Non-current assets:
      Investmentsindebt
    obligations
      Available-for-salefinancial            206,393,107.46                   0.00            -206,393,107.46
    assets
      Investmentsinotherdebt
    obligations
      Held-to-maturity
    investments
      Long-termreceivables
      Long-term       equity           1,148,213,665.32           1,148,213,665.32
    investments
      Investmentsinotherequity
    instruments
      Othernon-currentfinancial
    assets
      Investmentproperty                  24,715,657.40             24,715,657.40
      Fixedassets                     1,290,714,455.79           1,290,714,455.79
      Constructioninprogress               86,634,753.93             86,634,753.93
      Productivelivingassets
      Oilandgasassets
      Right-of-useassets
      Intangibleassets                   189,968,142.25            189,968,142.25
      R&Dexpense
      Goodwill
      Long-term      prepaid             56,643,945.05             56,643,945.05
    expense
      Deferredincometaxassets             37,415,458.17             37,415,458.17
      Othernon-currentassets               12,474,026.00             12,474,026.00
    Total non-currentassets               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-termborrowings
      Tradingfinancialliabilities
      Financial liabilities at fair
    value throughprofitorloss
      Derivative     financial
    liabilities
      Notespayable                     28,648,913.72             28,648,913.72
      Accountspayable                  362,290,556.21            362,290,556.21
      Advancesfromcustomers            1,123,125,892.84           1,123,125,892.84
      Contractualliabilities
      Payrollpayable                    117,748,485.96            117,748,485.96
      Taxespayable                     161,176,957.25            161,176,957.25
      Otherpayables                    372,902,293.22            372,902,293.22
        Including:Interest
    payable
               Dividends
    payable
      Liabilities      directly
    associated   with   assets
    classified asheldforsale
      Current   portion   of
    non-current liabilities
      Othercurrentliabilities                32,605,794.55             32,605,794.55
    Total currentliabilities                2,198,498,893.75           2,198,498,893.75
    Non-current liabilities:
      Long-termborrowings
      Bondspayable
        Including:   Preferred
    shares
               Perpetual
    bonds
      Leaseliabilities
      Long-termpayables
      Long-termpayrollpayable
      Provisions
      Deferredincome                    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-currentliabilities               41,246,292.37             41,246,292.37
    Total liabilities                     2,239,745,186.12           2,239,745,186.12
    Owners’equity:
      Sharecapital                     503,600,000.00            503,600,000.00
      Otherequityinstruments
        Including:   Preferred
    shares
               Perpetual
    bonds
      Capitalreserves                  1,247,162,107.35           1,247,162,107.35
      Less:Treasurystock
      Othercomprehensive                  4,794,830.59                   0.00             -4,794,830.59
    income
      Specificreserve
      Surplusreserves                   251,800,000.00            251,800,000.00
      Retainedearnings                 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 Independent Auditor’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

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