Q3 2024 Report of Luzhou Laojiao Co. Ltd.Stock Code: 000568 Stock abbreviation: Luzhou Laojiao Announcement No. 2024-56
Luzhou Laojiao Co. Ltd.Q3 2024 Report
Luzhou Laojiao Co. Ltd. (hereinafter referred to as the “Company”)
and all the members of the Company’s Board of Directors hereby
guarantee that the contents of this Report are true accurate and
complete and free of any misrepresentations misleading statements or
material omissions.Important Statements:
1. The Board of Directors Board of Supervisors directors supervisors and senior management
guarantee that the information presented in this report is free of any false records misleading
statements or material omissions and shall individually and together be legally liable for truthfulness
accuracy and completeness of its contents.
2. The responsible person for the Company the responsible person for accounting work and the
responsible person for the Company’s financial affairs (Accounting Supervisor) have warranted that
the financial statements in this report are true accurate and complete.
3. Whether the financial statements of this report have been audited by an auditor
□Yes □ No
This report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions the Chinese version shall prevail.
1Q3 2024 Report of Luzhou Laojiao Co. Ltd.
1. Key financial information
1.1 Key accounting data and financial indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data.□Yes □ No
Q3 2024 YoY change Q1-Q3 2024 YoY change
Operating revenues
7398670017.920.67%24303555187.3010.76%
(CNY)
Net profits
attributable to
3565502984.742.58%11593041150.059.72%
shareholders of the
Company (CNY)
Net profits
attributable to
shareholders of the
3570292253.983.52%11564402985.2210.24%
Company before
non-recurring gains
and losses (CNY)
Net cash flows from
operating activities — — 12464714796.11 37.69%
(CNY)
Basic earnings per
2.432.53%7.899.74%
share (CNY/share)
Diluted earnings per
2.432.53%7.899.74%
share (CNY/share)
Weighted average
8.27%-1.14%25.88%-2.32%
ROE
30 September 2024 31 December 2023 Change
Total assets (CNY) 66496926541.35 63294455201.60 5.06%
Net assets
attributable to
45427566438.1141391410494.899.75%
shareholders of the
Company (CNY)
1.2 Non-recurring gains and losses
□Applicable □ N/A
Unit: CNY
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss from disposal
of non-current assets
(including the write-off 1.80 1058796.90
portion of the impairment
provision)
Government grants
recognised in profit or loss
(exclusive of those that are
closely related to the 6128697.80 24981321.89
Company's normal
business operations and
given in accordance with
2Q3 2024 Report of Luzhou Laojiao Co. Ltd.
defined criteria and in
compliance with
government policies and
have a continuing impact
on the Company's profit or
loss)
Gain or loss on fair-value
changes in financial assets
and liabilities held by a
non-financial enterprise as
well as on disposal of
financial assets and -2906267.78 20527273.78
liabilities (exclusive of the
effective portion of hedges
that is related to the
Company's normal
business operations)
Other non-operating
income and expenditure
-9635164.54-8734073.59
except above-mentioned
items
Less: Corporate income
-1626355.689114053.65
tax
Minority interests
2892.2081100.50
(after tax)
Total -4789269.24 28638164.83 --
Other items that meet the definition of non-recurring gain/loss:
□Applicable □ N/A ?
No such cases for the reporting period.Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities
to the Public-Non-Recurring Gains and Losses as a recurring gain/loss item.□Applicable □ N/A ?
No such cases for the reporting period.
1.3 Changes in key financial data and indicators and reasons for the changes
□ Applicable □ N/A
A. The closing carrying balance of accounts receivables decreased by CNY 10521711.62 compared to
the opening carrying balance at the beginning of the year indicating a decrease of 60.26%. It was
mainly due to the payment collection with respect to overseas baijiu sales.B. The closing balance of other current assets decreased by CNY 160145726.41 compared to the
opening balance at the beginning of the year indicating a decrease of 90.64%. It was mainly due to the
decreased value added tax corporate income tax and other taxes to be offset in the current period.
3Q3 2024 Report of Luzhou Laojiao Co. Ltd.
C. The closing balance of investment property increased by CNY 13183521.71 compared to the
opening balance at the beginning of the year indicating an increase of 34.89%. It was mainly due to the
additional property leases in the current period.D. The closing balance of construction in progress decreased by CNY 1081587008.64 compared to
the opening balance at the beginning of the year indicating a decrease of 62.94%. It was mainly due to
the transfer of construction in progress that became ready for its intended use to fixed assets.E. The closing balance of deferred tax assets decreased by CNY 395984825.89 compared to the
opening balance at the beginning of the year indicating a decrease of 58.71%. It was mainly due to the
decreased unrealized profits of internal transactions and the relevant reversal as a result of the
unlocking of restricted shares.F. The closing balance of taxes payable decreased by CNY 983511011.33 compared to the opening
balance at the beginning of the year indicating a decrease of 33.46%. It was mainly due to the payment
of the opening taxes payable in the current period.G. The closing balance of non-current liabilities due within one year increased by CNY
2690005277.84 compared to the opening balance at the beginning of the year indicating an increase
of 3408.60%. It was mainly due to the reclassification of bonds payable and long-term loans due within
one year.H. The closing balance of treasury stock decreased by CNY 259105222.61 compared to the opening
balance at the beginning of the year indicating a decrease of 42.01%. It was mainly due to the relevant
reversal as a result of the unlocking of restricted shares in the current period.I. Investment income in the current Q1-Q3 period decreased by CNY 28000183.71 compared to the
same period of last year indicating a decrease of 40.24%. It was mainly due to the decreased earnings
of investee Huaxi Securities in the current period.J. Net cash flows from operating activities in the current Q1-Q3 period increased by CNY
3412146899.23 compared to the same period of last year indicating an increase of 37.69%. It was
mainly due to the increased cash received from sale of goods and the decreased cash paid for goods
purchased and services received in the current period.K. Net cash flows from investing activities in the current Q1-Q3 period decreased by CNY
485155325.59 compared to the same period of last year. It was mainly due to the increased
purchases of wealth management products (collective asset management plans) from securities firms
in the current period.L. Net cash flows from financing activities in the current Q1-Q3 period decreased by CNY
7654587417.55 compared to the same period of last year. It was mainly due to the receipt of less
bank loan in the current period compared to the same period of last year.
4Q3 2024 Report of Luzhou Laojiao Co. Ltd.
2. Shareholder information
2.1 Total numbers of common shareholders and preference shareholders with resumed voting
rights as well as shareholdings of top 10 shareholders
Unit: Share
Total number of common Total number of preference shareholders with
shareholders at the end of the 168211 resumed voting rights at the end of the reporting 0
reporting period period (if any)
Shareholdings of the top 10 shareholders (exclusive of shares lent in refinancing)
Number of Pledged marked or frozen
Name of Nature of Shareholding Total shares holding shares
shareholder shareholder percentage held restricted Status of Number of
shares shares shares
Luzhou
State-owned
Laojiao Group 25.89% 381088389.00 0 N/A 0
corporation
Co. Ltd.Luzhou
XingLu
State-owned
Investment 24.86% 365971142.00 0 N/A 0
corporation
Group Co.Ltd.Hong Kong
Securities
Outbound
Clearing 3.28% 48267771.00 0 N/A 0
corporation
Company
Limited
Bank of China
Co. Ltd. –
Baijiu index
classification
securities Other 3.07% 45222560.00 0 N/A 0
investment
fund by China
Merchants
Fund
China
Securities
Finance Other 2.30% 33842059.00 0 N/A 0
Corporation
Limited
Bank of China
Co. Ltd.-
Blue chip
selected
hybrid Other 1.51% 22250000.00 0 N/A 0
securities
investment
fund by E
Fund
Industrial and
Commercial
Bank of China
Other 0.92% 13598087.00 0 N/A 0
Co. Ltd.-
Newly growth
hybrid
5Q3 2024 Report of Luzhou Laojiao Co. Ltd.
securities
investment
fund by
Invesco Great
Wall
Central Huijin
Asset State-owned
0.92% 13539862.00 0 N/A 0
Management corporation
Co. Ltd.Industrial and
Commercial
Bank of China
Co. Ltd.-
Huatai- Other 0.92% 13475235.00 0 N/A 0
Pinebridge
CSI 300
Exchange-
Traded Fund
China
Construction
Bank Co.Ltd.- E Fund
Other 0.63% 9278276.00 0 N/A 0
CSI 300
Initiating
Exchange-
Traded Fund
Shareholdings of the top 10 non-restricted shareholders (exclusive of shares lent in refinancing and locked shares of
executives)
Type and number of shares
Name of shareholder Number of non-restricted shares held
Type Number
CNY common 381088389.0
Luzhou Laojiao Group Co. Ltd. 381088389.00
shares 0
Luzhou XingLu Investment CNY common 365971142.0
365971142.00
Group Co. Ltd. shares 0
Hong Kong Securities Clearing CNY common
48267771.0048267771.00
Company Limited shares
Bank of China Co. Ltd. – Baijiu
index classification securities CNY common
45222560.0045222560.00
investment fund by China shares
Merchants Fund
China Securities Finance CNY common
33842059.0033842059.00
Corporation Limited shares
Bank of China Co. Ltd.-Blue
CNY common
chip selected hybrid securities 22250000.00 22250000.00
shares
investment fund by E Fund
Industrial and Commercial
Bank of China Co. Ltd.-Newly
CNY common
growth hybrid securities 13598087.00 13598087.00
shares
investment fund by Invesco
Great Wall
Central Huijin Asset CNY common
13539862.0013539862.00
Management Co. Ltd. shares
Industrial and Commercial
Bank of China Co. Ltd.- CNY common
13475235.0013475235.00
Huatai-Pinebridge CSI 300 shares
Exchange-Traded Fund
China Construction Bank Co. 9278276.00 CNY common 9278276.00
6Q3 2024 Report of Luzhou Laojiao Co. Ltd.
Ltd.- E Fund CSI 300 Initiating shares
Exchange-Traded Fund
1. Luzhou Laojiao Group Co. Ltd. and Luzhou XingLu Investment
Group Co. Ltd. are both holding state-owned companies under
the jurisdiction of SASAC of Luzhou. The two companies signed
the agreement of persons acting in concert on 31 December
2015. For details please refer to the announcement of the
Company on 5 January 2016 - Announcement on the agreement
of persons acting in concert signed by shareholders. The
announcement number is 2016-1 (http://www.cninfo.com.cn/). The
two companies signed the renewed agreement of persons acting
in concert on 27 May 2021. For details please refer to the
announcement of the Company on 29 May 2021 - Announcement
on the renewed agreement of persons acting in concert signed by
shareholders. The announcement number is 2021-18
(http://www.cninfo.com.cn/). The two companies signed the
renewed agreement of persons acting in concert again on 23 May
2024. For details please refer to the announcement of the
Related parties or acting-in-concert
Company on 23 May 2024 - Announcement on the Renewed
Agreement of Persons Acting in Concert Signed by Shareholders
(announcement number 2024-22).
2. Luzhou Laojiao Group Co. Ltd. through its wholly-owned
subsidiary Sichuan Jinduo Investment Co. Ltd. increased its
holdings in the Company by 1140200 shares through call auction
trading accounting for 0.08% of the total share capital of the
Company. By the end of the reporting period Luzhou Laojiao
Group Co. Ltd. and Sichuan Jinduo Investment Co. Ltd.collectively held 382228589 shares in the Company
representing 25.97% of the total share capital of the Company.
3. In addition whether there is an association between the
remaining shareholders or they belong to persons acting in
concert is unknown.Top 10 shareholders participating in securities
N/A
margin trading (if any)
5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in
refinancing shares lending
□Applicable □ N/A
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares
lending/return compared with the prior period
□Applicable □ N/A
2.2 Total number of preferred shareholders and shareholdings of the top 10 preferred
shareholders
□Applicable □ N/A
3. Other significant events
□Applicable □ N/A
7Q3 2024 Report of Luzhou Laojiao Co. Ltd.
A. Progress on the restricted share incentive plan
a. On 23 January 2024 the Company held the 38th Meeting of the 10th Board of Directors and the
20th Meeting of the 10th Board of Supervisors at which the Proposal on the Repurchase and
Cancellation of Some Restricted Shares and the Adjustment of Repurchase Price and the Proposal
on the Satisfaction of Unlocking Conditions for the First Unlocking Period of the 2021 Restricted
Share Incentive Plan were reviewed and approved respectively. The Board of Supervisors of the
Company issued the review opinion and the law firm and the independent financial adviser issued a
legal opinion and an independent financial adviser's report respectively.b. On 22 February 2024 the Company disclosed the Reminder Announcement on Unlocked Shares
in the First Unlocking Period of the 2021 Restricted Share Incentive Plan Being Allowed for Public
Trading. As such the unlocked restricted shares in the first unlocking period of the 2021 Restricted
Share Incentive Plan were allowed for public trading on 22 February 2024.c. On 4 June 2024 the Proposal on the Repurchase and Cancellation of Some Restricted Shares
was approved at the 40th Meeting of the 10th Board of Directors and the 22nd Meeting of the Board
of Supervisors respectively. On 5 June the Company disclosed the Announcement on the
Repurchase and Cancellation of Some Restricted Shares to Reduce Registered Capital and Notice to
Creditors. By the expiration of the declaring period the Company had not received any declaration
from the relevant creditors for early payout of debts or provision of guarantee.d. On 14 August 2024 the Company disclosed the Announcement on the Completion of the
Repurchase and Cancellation of Some Restricted Shares. As at 14 August 2024 the Company
completed the repurchase and cancellation of 21266 restricted shares.e. On 23 September 2024 the Company held the Fourth Meeting of the 11th Board of Directors and
the Third Meeting of the 11th Board of Supervisors at which the Proposal on the Satisfaction of
Unlocking Conditions for the First Unlocking Period for the Reserved Restricted Shares of the 2021
Restricted Share Incentive Plan and the Proposal on the Repurchase and Cancellation of Some
Restricted Shares and the Adjustment of Repurchase Price were reviewed and approved respectively.The Board of Supervisors of the Company issued the review opinion and the law firm issued a legal
opinion.f. On 28 September 2024 the Company disclosed the Reminder Announcement on Unlocked Shares
in the First Unlocking Period for the Reserved Restricted Shares of the 2021 Restricted Share
Incentive Plan Being Allowed for Public Trading. As such the unlocked restricted shares in the first
unlocking period for the reserved restricted shares of the 2021 Restricted Share Incentive Plan were
allowed for public trading on 9 October 2024.B. The Company invested in the technical upgrade program of intelligent brewing (Phase I) with the
wholly-owned subsidiary Luzhou Laojiao Brewing Co. Ltd. as the implementer. The total investment
amount approximated CNY 4782.5090 million. For further information see Announcement No. 2022-
24 on the Implementation of Luzhou Laojiao’s Technical Upgrade Program of Intelligent Brewing
(Phase I) by Subsidiary. The program is currently under construction.
8Q3 2024 Report of Luzhou Laojiao Co. Ltd.
4. Financial statements
4.1 Financial statements
4.1.1 Consolidated balance sheet
Prepared by: Luzhou Laojiao Co. Ltd.
30 September 2024
Unit: CNY
Item 30 September 2024 1 January 2024
Current assets:
Cash and cash equivalents 30317711254.63 25952025091.28
Settlement reserves
Lending funds
Held-for-trading financial assets 1797091274.22 1426992098.83
Derivative financial assets
Notes receivables
Accounts receivables 6939667.36 17461378.98
Accounts receivables financing 4539294569.88 5938171007.93
Prepayment 194288987.55 202309186.70
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserve
Other receivables 19668746.55 22716893.12
Including:Interests receivable
Dividends receivable 1812067.95
Buying back the sale of financial
assets
Inventories 12299814363.04 11622043947.46
Including: Data resource
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 16539005.56 176684731.97
Total current assets 49191347868.79 45358404336.27
Non-current assets:
Disbursement of loans and
advances
Investments in debt obligations
Investments in other debt
obligations
Long-term receivables
Long-term equity investments 2738007214.17 2708254833.50
Investments in other equity
380927410.08402893468.80
instruments
Other non-current financial assets
Investment property 50968938.48 37785416.77
Fixed assets 9425852427.62 8613223465.46
Construction in progress 636881871.89 1718468880.53
Productive biological assets
Oil and gas assets
Use right assets 31607985.45 23260955.23
Intangible assets 3353312512.91 3397873791.08
Including: Data resource
9Q3 2024 Report of Luzhou Laojiao Co. Ltd.
Development expenses
Including: Data resource
Goodwill
Long-term deferred expenses 1752373.86 960005.91
Deferred tax assets 278444792.03 674429617.92
Other non-current assets 407823146.07 358900430.13
Total non-current assets 17305578672.56 17936050865.33
Total assets 66496926541.35 63294455201.60
Current liabilities:
Short-term loans
Borrowings from the central bank
Loans from other banks
Held-for-trading financial liabilities 9763.87
Derivative financial liabilities
Notes payable
Accounts payable 1955461761.32 2357223733.21
Advance from customer
Contract liabilities 2654171466.27 2672977090.30
Financial assets sold for
repurchase
Deposits from customers and inter-
bank
Customer brokerage deposits
Securities underwriting brokerage
deposits
Employee benefits payable 454040506.53 523866711.41
Taxes payable 1956116521.67 2939627533.00
Other payable 837032162.79 1150721162.53
Including:Interests payable
Dividends payable 29684819.82
Handling charges and
commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within
2768923430.2578918152.41
one year
Other current liabilities 345039911.61 347485071.57
Total current liabilities 10970785760.44 10070829218.30
Non-current liabilities:
Insurance contract reserves
Long-term loans 9779900000.00 10000300000.00
Bonds payable 1498716737.02
Including:Preference shares
Perpetual bonds
Lease liabilities 28349800.11 22356404.47
Long-term payables
Long-term payroll payables
Accrued liabilities
Deferred income 22126464.92 27772083.74
Deferred tax liabilities 121296037.48 142773028.22
Other non-current liabilities
Total non-current liabilities 9951672302.51 11691918253.45
Total liabilities 20922458062.95 21762747471.75
Owners' equity
Share capital 1471966503.00 1471987769.00
Other equity instruments
10Q3 2024 Report of Luzhou Laojiao Co. Ltd.
Including: preference shares
Perpetual bonds
Capital reserves 5328783977.04 5185481523.22
Less: treasury stock 357638387.98 616743610.59
Other comprehensive income 52433946.08 63130469.51
Special reserves
Surplus reserves 1471987769.00 1471987769.00
General risk reserve
Undistributed profits 37460032630.97 33815566574.75
Total equity attributable to owners of
45427566438.1141391410494.89
the parent company
Non-controlling interests 146902040.29 140297234.96
Total owners' equity 45574468478.40 41531707729.85
Total liabilities and owners' equity 66496926541.35 63294455201.60
Legal representative:Liu Miao
Person in charge of accounting affairs:Xie Hong
Person in charge of accounting department:Song Ying
4.1.2 Consolidated income statement for Q1~Q3
Unit: CNY
Item Q1~Q3 2024 Q1~Q3 2023
1. Total operating revenue 24303555187.30 21942722318.53
Including: Operating revenue 24303555187.30 21942722318.53
Interest income
Earned premium
Fee and commission
income
2. Total operating costs 8716343501.20 7947227779.03
Including: Cost of sales 2810818847.64 2534606065.52
Interest expense
Handling charges and
commission expenses
Refunded premiums
Net payments for
insurance claims
Net provision for
insurance contracts
Bond insurance
expense
Reinsurance Expenses
Taxes and surcharges 2738129445.18 2284378173.69
Selling and distribution
2500180332.272406327625.61
expenses
General and
766584464.15842806705.91
administrative expenses
Research and
142651488.12128135082.85
Development expenses
Financial expenses -242021076.16 -249025874.55
11Q3 2024 Report of Luzhou Laojiao Co. Ltd.
Including:Interest
368223585.86377135947.94
expenses
Interest
619035153.33626899439.08
income
Plus: Other income 27507988.34 36610879.53
Investment income ("-" for
41589803.2469589986.95
losses)
Including: income
from investment in associates and 40700111.73 54878251.56
joint ventures
Income
from the derecognition of financial
assets measured at amortized cost
Foreign exchange gains ("-"
for losses)
Net gain on exposure
hedges (“-” for losses)
Gains from the changes in
30347487.2742191204.30fair values(“-“ for losses)Credit impairment losses (“-”
1214862.781036687.07
for losses)Impairment losses(“-“ forlosses)
Gains from disposal of
1058796.90-661002.49
assets("-" for losses)
3. Operating profits ("-" for losses) 15688930624.63 14144262294.86
Plus: non-operating income 12737373.78 29489316.30
Less: non-operating expenses 21471447.37 8475193.22
4. Total profits before tax ("-" for
15680196551.0414165276417.94
total losses)
Less: income tax expenses 4072760301.97 3563907124.89
5. Net profit ("-" for net loss) 11607436249.07 10601369293.05
5.1 By operating continuity
5.1.1 Net profit from continuing
11607436249.0710601369293.05
operation ("-" for losses)
5.1.2 Net profit from
discontinued operation ("-" for losses)
5.2 By ownership
1) Attributable to shareholders of
11593041150.0510566121970.45
the parent company ("-" for losses)
2) Attributable to non-controlling
14395099.0235247322.60
interests ("-" for losses)
6. Net of tax from other
-10901548.12-221719078.69
comprehensive income
Net of tax from other
comprehensive income to the owner -10696523.43 -222500286.71
of the parent company
6.1 Other comprehensive
income cannot reclassified into the -16573138.80 -222936907.49
profit and loss:
1) Remeasure the variation of
net indebtedness or net asset of
defined benefit plans
2) Share in other -98594.78 131244.39
12Q3 2024 Report of Luzhou Laojiao Co. Ltd.
comprehensive income that cannot
be classified into profit and loss
under equity method
3) Changes in fair value of
investments in other equity -16474544.02 -223068151.88
instruments
4) Changes in fair value of the
company’s credit risks
5) Other
6.2 Other comprehensive
income that will be reclassified into 5876615.37 436620.78
the profit and loss
1) Share in other
comprehensive income that will be
6125748.26-516803.74
classified into profit and loss under
equity method
2) Changes in fair value of
investments in other debt obligations
3) Other comprehensive
income arising from the
reclassification of financial assets
4) Allowance for credit
impairments in investments in other
debt obligations
5) Reserve for cash-flow
hedge
6) Balance arising from the
translation of foreign currency -249132.89 953424.52
financial statements
7) Others
Net of tax from other
comprehensive income to non- -205024.69 781208.02
controlling interests
7. Total comprehensive income 11596534700.95 10379650214.36
(1) Total comprehensive income
attributable to owners of the parent 11582344626.62 10343621683.74
company
(2) Total comprehensive income
attributable to non-controlling 14190074.33 36028530.62
interests
8. Earnings per share
(1) Basic earnings per share 7.89 7.19
(2) Diluted earnings per share 7.89 7.19
Legal representative:Liu Miao
Person in charge of accounting affairs:Xie Hong
Person in charge of accounting department:Song Ying
4.1.3 Consolidated statement of cash flows for Q1~Q3
Unit: CNY
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating
activities
Cash received from sale of goods 28268692121.75 27644766394.51
13Q3 2024 Report of Luzhou Laojiao Co. Ltd.
and rendering of services
Net increase in customer bank
deposits and placement from banks
and other financial institutions
Net increase in loans from central
bank
Net increase in loans from other
financial institutions
Premiums received from original
insurance contracts
Net cash received from
reinsurance business
Net increase in deposits and
investments from policyholders
Cash received from interest
handling charges and commissions
Net increase in placements from
other financial institutions
Net capital increase in repurchase
business
Net cash received from customer
brokerage deposits
Refunds of taxes and surcharges 2958263.90 2467243.81
Cash received from other
667232830.17712179872.13
operating activities
Subtotal of cash inflows from
28938883215.8228359413510.45
operating activities
Cash paid for goods purchased
3371913988.236711528483.77
and services received
Net increase in loans and
advances to customers
Net increase in deposits in central
bank and other banks and financial
institutions
Cash paid for original insurance
contract claims
Net increase in lending funds
Cash paid for interests handling
charges and commissions
Cash paid for policy dividends
Cash paid to and on behalf of
1064925092.78988987146.39
employees
Cash paid for taxes and
9726003677.889187530503.56
surcharges
Cash paid for other operating
2311325660.822418799479.85
activities
Subtotal of cash outflows from
16474168419.7119306845613.57
operating activities
Net cash flows from operating
12464714796.119052567896.88
activities
2. Cash flows from investing
activities
Cash received from disposal of 2090367314.89 1502335883.94
14Q3 2024 Report of Luzhou Laojiao Co. Ltd.
investments
Cash received from returns on
42401007.1516890941.28
investments
Net cash received from disposal of
fixed assets intangible assets and 11432852.36 6151397.95
other long-term assets
Net cash received from disposal of
subsidiaries and other business units
Cash received from other investing
activities
Subtotal of cash inflows from
2144201174.401525378223.17
investing activities
Cash paid to acquire and construct
fixed assets intangible assets and 611683806.45 879418321.30
other long-term assets
Cash paid for investments 2471700000.00 1100000000.00
Net increase in pledge loans
Net cash paid to acquire
subsidiaries and other business units
Cash paid for other investing
12791.67
activities
Subtotal of cash outflows from
3083396598.121979418321.30
investing activities
Net cash flows from investing
-939195423.72-454040098.13
activities
3. Cash flows from financing
activities
Cash received from investors 79496.11 10373040.14
Including: cash received by
subsidiaries from investments by 79496.11 2082314.40
minority shareholders
Cash received from borrowings 2000000000.00 6850000000.00
Cash received from other financing
activities
Subtotal of cash inflows from
2000079496.116860373040.14
financing activities
Cash paid for debt repayments 1020600000.00 20100000.00
Cash paid for distribution of
dividends and profits or payment of 8229507984.85 6450638992.85
interest
Including: dividends and profits
paid to minority shareholders by 29684819.82
subsidiaries
Cash paid for other financing
16062790.161137908.64
activities
Subtotal of cash outflows from
9266170775.016471876901.49
financing activities
Net cash flows from financing
-7266091278.90388496138.65
activities
4. Effect of fluctuation in exchange
-4009184.326241015.17
rate on cash and cash equivalents
5. Net increase in cash and cash
4255418909.178993264952.57
equivalents
Plus: balance of cash and cash
equivalents at the beginning of the 25893029277.86 17729006591.87
period
15Q3 2024 Report of Luzhou Laojiao Co. Ltd.
6. Balance of cash and cash
equivalents at the end of the 30148448187.03 26722271544.44
period
4.2 Adjustments to financial statement items at the beginning of the year of the first
implementation of the new accounting standards implemented since 2024
□Applicable □ N/A
4.3 Auditor’s report
Whether the financial statements of this report have been audited by an auditor
□Yes □ No
The said financial statements are unaudited by an auditor.The Board of Directors of Luzhou Laojiao Co. Ltd.
16