Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.Stock Code: 000858 Stock Name: Wuliangye Announcement No.: 2024/ No. 033
Wuliangye Yibin Co. Ltd.Third Quarterly Report 2024
The Company and all members of its Board of Directors hereby guarantee that the information disclosed
herein are true accurate and complete and free of any misrepresentations misleading statements or material
omissions.Important information:
1. The Board of Directors (or the “Board”) the Supervisory Committee as well as the directors supervisors
and senior management of Wuliangye Yibin Co. Ltd. (hereinafter referred to as the “Company”) hereby
guarantee that the contents of this Report are true accurate and complete and free of any misrepresentations
misleading statements or material omissions and collectively and individually accept legal responsibility for
such contents.
2. The Company’s legal representative Chief Financial Officer and head of the accounting department
hereby guarantee that the financial statements carried in this Report are true accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□ Yes □ No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.□ Yes □ No
Q3 2024 YoY change (%) Q1-Q3 2024 YoY change (%)
Operating revenue (RMB) 17267553533.60 1.39% 67915580112.25 8.60%
Net profit attributable to
the listed company’s 5873953027.68 1.34% 24930782556.55 9.19%
shareholders (RMB)
Net profit attributable to
the listed company’s
shareholders before 5893768253.73 1.61% 24832581937.49 9.19%
exceptional gains and
losses (RMB)
Net cash generated
from/used in operating — — 29794118733.59 33.08%
activities (RMB)
Basic earnings per share
1.5131.34%6.4239.20%
(RMB/share)
Diluted earnings per share
1.5131.34%6.4239.20%
(RMB/share)
Weighted average return Down by 0.46 Down by 0.87
4.40%18.33%
on equity (%) percentage point percentage point
30 September 2024 31 December 2023 Change (%)
Total assets (RMB) 171704058921.09 165432981684.75 3.79%
1Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Equity attributable to the
listed company’s 136361914213.71 129558241040.51 5.25%
shareholders (RMB)
(II) Exceptional Gains and Losses
□ Applicable □ Not applicable
Unit: RMB
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss on disposal of non-current assets (inclusive
-1974734.61-6632269.73
of impairment allowance write-offs)
Government grants recognised in profit or loss
(exclusive of those that are closely related to the
Company's normal business operations and given in
6312215.60169906334.88
accordance with defined criteria and in compliance
with government policies and have a continuing
impact on the Company's profit or loss)
Capital occupation charges on non-financial enterprises
42875.82469745.81
that are recognized in profit or loss
Non-operating income and expense other than the
-31227680.25-25147074.69
above
Less: Income tax effects -6710999.29 34630400.75
Non-controlling interests effects (net of tax) -321098.10 5765716.46
Total -19815226.05 98200619.06 --
Particulars about other items that meet the definition of exceptional gain/loss:
□ Applicable □ Not applicable
No such cases for the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item 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.(III) Changes in Key Financial Statement Items and Reasons
□ Applicable □ Not applicable
Unit: RMB
Item Q1-Q3 2024 Q1-Q3 2023 Change (%) Main reason for the change
Cash generated from operating activities
increased significantly primarily driven
Net cash generated by the increased operating revenue and
from/used in operating 29794118733.59 22388745174.97 33.08% the cash collected on all the bank
activities acceptance bills received during the
Spring Festival sales that became due in
the current period
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
2Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Number of preference shareholders with
Number of ordinary shareholders at
640411 resumed voting rights at the period-end 0
the period-end
(if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Shares in pledge marked or
Nature of
Shareholdin Total shares Restricted frozen
Name of shareholder sharehold
g percentage held shares held
er Status Shares
State-
Yibin Development Holding Group owned
34.43%1336548020
Co. Ltd. corporatio
n
State-
Sichuan Yibin Wuliangye Group owned
20.49%795230011
Co. Ltd. corporatio
n
Overseas
Hong Kong Securities Clearing
corporatio 4.49% 174217796
Company Limited
n
China Securities Finance
Other 2.38% 92385936
Corporation Limited
Bank of China Limited－China
Merchants China Securities Baijiu
Other 1.37% 53253770
Index Classification Securities
Investment Fund
State-
Central Huijin Asset Management owned
1.01%39325400
Co. Ltd. corporatio
n
Industrial and Commercial Bank of
China Limited -Huatai-Pinebridge
Other 0.94% 36394121
CSI 300 Traded Open-ended Index
Securities Investment Fund
Bank of China Limited－E Fund
Blue Chip Selected Mixed Other 0.68% 26400000
Securities Investment Fund
China Construction Bank
Corporation－E Fund CSI 300
Other 0.63% 24604100
Traded Open-ended Index Promoter
Securities Investment Fund
Industrial and Commercial Bank of
China Limited－China CSI 300
Other 0.40% 15657559
Traded Open-ended Index
Securities Investment Fund
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked-up shares of senior management)
Shares by class
Name of shareholder Unrestricted shares held
Class Shares
Yibin Development Holding Group RMB-denominated
13365480201336548020
Co. Ltd. ordinary shares
Sichuan Yibin Wuliangye Group RMB-denominated
795230011795230011
Co. Ltd. ordinary shares
Hong Kong Securities Clearing RMB-denominated
174217796174217796
Company Limited ordinary shares
China Securities Finance 92385936 RMB-denominated 92385936
3Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Corporation Limited ordinary shares
Bank of China Limited－China
Merchants China Securities Baijiu RMB-denominated
5325377053253770
Index Classification Securities ordinary shares
Investment Fund
Central Huijin Asset Management RMB-denominated
3932540039325400
Co. Ltd. ordinary shares
Industrial and Commercial Bank of
China Limited -Huatai-Pinebridge RMB-denominated
3639412136394121
CSI 300 Traded Open-ended Index ordinary shares
Securities Investment Fund
Bank of China Limited－E Fund
RMB-denominated
Blue Chip Selected Mixed 26400000 26400000
ordinary shares
Securities Investment Fund
China Construction Bank
Corporation－E Fund CSI 300 RMB-denominated
2460410024604100
Traded Open-ended Index Promoter ordinary shares
Securities Investment Fund
Industrial and Commercial Bank of
China Limited－China CSI 300 RMB-denominated
1565755915657559
Traded Open-ended Index ordinary shares
Securities Investment Fund
Among the top 10 shareholders Sichuan Yibin Wuliangye Group
Related or acting-in-concert parties among top 10 unrestricted Co. Ltd. is a wholly-owned subsidiary of Yibin Development
public shareholders as well as between top 10 unrestricted public Holding Group Co. Ltd. And the Company is not aware of any
shareholders and top 10 shareholders related or acting-in-concert parties among the other public
shareholders.Top 10 shareholders involved in securities margin trading (if any) N/A
5% or greater shareholders top 10 shareholders and top 10 unrestricted public shareholders involved in
refinancing shares lending:
□ Applicable □ Not applicable
Changes in top 10 shareholders and top 10 unrestricted public shareholders due to shares lent/returned in
refinancing compared with the prior period:
□ Applicable □ Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable □ Not applicable
III Other Significant Events
□ Applicable □ Not applicable
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Wuliangye Yibin Co. Ltd. 30 September 2024 Unit: RMB
Item 30 September 2024 1 January 2024
Current assets:
Monetary assets 125112231144.89 115456300910.64
Settlement reserve
4Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Loans to other banks and
financial institutions
Held-for-trading financial assets
Derivative financial assets
Notes receivable 14460399.08
Accounts receivable 147157413.26 42647461.48
Receivables financing 7575481623.94 14086450565.79
Prepayments 192688779.51 169425745.15
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 61074859.40 39624933.74
Of which: Interest receivable
Dividends
receivable
Financial assets purchased under
resale agreements
Inventories 17536263234.37 17387841712.87
Of which: Data resources
Contract assets
Assets held for sale
Current portion of non-current
assets
Other current assets
Total current assets 150639357454.45 147182291329.67
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 2028290932.39 2020366240.69
Other equity investments
Other non-current financial assets 1200000.00 1200000.00
Investment property
Fixed assets 5786758114.92 5189917302.17
Construction in progress 6725250317.00 5623356422.20
5Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Productive living assets
Oil and gas assets
Right-of-use assets 896996018.93 126810315.49
Intangible assets 2658051776.78 2056870639.03
Of which: Data resources
Development costs
Of which: Data resources
Goodwill 1621619.53 1621619.53
Long-term prepaid expense 147558247.82 163120023.86
Deferred income tax assets 2549202557.69 2242610567.82
Other non-current assets 269771881.58 824817224.29
Total non-current assets 21064701466.64 18250690355.08
Total assets 171704058921.09 165432981684.75
Current liabilities:
Short-term borrowings
Borrowings from the central bank
Loans from other banks and
financial institutions
Held-for-trading financial
liabilities
Derivative financial liabilities
Notes payable 425978568.02 732432611.26
Accounts payable 9479360897.84 8864206997.09
Advances from customers 17331977.06 17522814.61
Contract liabilities 7072124319.67 6864383635.25
Financial assets sold under
repurchase agreements
Customer deposits and deposits
from other banks and financial
institutions
Payables for acting trading of
securities
Payables for underwriting of
securities
Employee benefits payable 3630974039.91 3872122436.43
Taxes and surcharge payable 4414640769.42 6268458145.77
Other payables 5798534848.28 5385776903.69
Of which: Interest payable
6Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated
with assets held for sale
Current portion of non-current
357632621.8914512448.92
liabilities
Other current liabilities 391250988.81 663723991.63
Total current liabilities 31587829030.90 32683139984.65
Non-current liabilities:
Insurance contract reserve
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Lease liabilities 554869013.66 115722608.68
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income 238619931.57 253043325.37
Deferred income tax liabilities 219086570.07 31702578.88
Other non-current liabilities
Total non-current liabilities 1012575515.30 400468512.93
Total liabilities 32600404546.20 33083608497.58
Owners’ equity:
Share capital 3881608005.00 3881608005.00
Other equity instruments
Of which : Preference shares
Perpetual bonds
Capital reserves 2682647086.15 2682647086.15
Less: Treasury shares
Other comprehensive income
Specific reserve
Surplus reserves 33588553502.81 33588553502.81
General reserve
7Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Retained earnings 96209105619.75 89405432446.55
Total equity attributable to owners of the
136361914213.71129558241040.51
Company as the parent
Non-controlling interests 2741740161.18 2791132146.66
Total owners’ equity 139103654374.89 132349373187.17
Total liabilities and owners’ equity 171704058921.09 165432981684.75
Legal representative: Zeng Congqin Chief Financial Officer: Zhang Xin Head of the accounting department: Liu Hongxu
2. Consolidated Income Statement for Q1-Q3
Unit: RMB
Item Q1-Q3 2024 Q1-Q3 2023
I Total revenues 67915580112.25 62536387639.06
Of which: Operating revenue 67915580112.25 62536387639.06
Interest income
Insurance premium income
Fee and commission income
II Total costs and expenses 33665334544.84 31152693814.22
Of which: Cost of sales 15580442572.51 15096766716.19
Interest costs
Fee and commission costs
Surrenders
Net insurance claims paid
Net amount provided as reserve for insurance obligations
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surcharge 9733428853.88 9029181674.19
Selling expense 7788724892.28 6227271185.18
Administrative expense 2431749943.54 2403021982.04
Research and development expense 250817550.34 209100220.52
Finance costs -2119829267.71 -1812647963.90
Of which: Interest expense 24305073.85 8265572.16
Interest income 2152610740.32 1823250562.61
Add: Other income 230243412.13 281534530.44
Investment income (“－” for loss) 21877331.70 20626708.35
Of which: Share of profit or loss of joint ventures and
21877331.7020626708.35
associates
Income from the derecognition of financial
8Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
assets at amortized cost
Exchange gain (“－” for loss)
Net gain on exposure hedges (“－” for loss)
Gain on changes in fair value (“－” for loss)
Credit impairment losses (“－” for loss) -2190011.01 -3713694.44
Asset impairment losses (“－” for loss) 15179531.45
Gains on disposals of assets (“－” for losses) -3534415.45 1941456.90
III Operating profit (“－” for loss) 34511821416.23 31684082826.09
Add: Non-operating income 28601160.05 32003760.16
Less: Non-operating expense 56846089.02 88023695.96
IV Gross profit (“－” for gross loss) 34483576487.26 31628062890.29
Less: Income tax expense 8542465967.81 7794082868.99
V Net profit (“－” for net loss) 25941110519.45 23833980021.30
(I) By operating continuity
1. Net profit from continuing operations (“－” for net loss) 25941110519.45 23833980021.30
2. Net profit from discontinued operations (“－” for net loss)
(II) By ownership
1. Net profit attributable to owners of the Company as the
24930782556.5522832929162.29
parent (“－” for net loss)
2. Net profit attributable to non-controlling interests (“－” for
1010327962.901001050859.01
net loss)
VI Other comprehensive income net of tax
Other comprehensive income net of tax attributable to owners of
the Company as the parent
(I) Other comprehensive income that will not be reclassified to
profit or loss
1. Changes caused by remeasurements on defined benefit
schemes
2. Other comprehensive income that will not be reclassified to
profit or loss under the equity method
3. Changes in the fair value of other debt investments
4. Changes in the fair value arising from changes in own credit
risk
5. Other
(II) Other comprehensive income that will be reclassified to profit
or loss
1. Other comprehensive income that will be reclassified to profit
or loss under the equity method
2. Changes in the fair value of other debt investments
3. Other comprehensive income arising from the reclassification
of financial assets
4. Credit impairment allowances for other debt investments
9Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
5. Reserve for cash flow hedges
6. Differences arising from the translation of foreign currency -
denominated financial statements
7. Other
Other comprehensive income net of tax attributable to non-
controlling interests
VII Total comprehensive income 25941110519.45 23833980021.30
(I) Total comprehensive income attributable to owners of the
24930782556.5522832929162.29
Company as the parent
(II) Total comprehensive income attributable to non-controlling
1010327962.901001050859.01
interests
VIII Earnings per share:
(I) Basic earnings per share 6.423 5.882
(II) Diluted earnings per share 6.423 5.882
Where business combinations involving entities under common control occurred in the current period the net profit achieved
by the acquirees before the combinations was RMB0.00 with the amount for the same period of last year being RMB0.00.Legal representative: Zeng Congqin Chief Financial Officer: Zhang Xin Head of the accounting department: Liu Hongxu
3. Consolidated Cash Flow Statement for Q1-Q3
Unit: RMB
Item Q1-Q3 2024 Q1-Q3 2023
I Cash flows from operating activities:
Proceeds from sale of goods and rendering of services 77859685171.17 66818474225.22
Net increase in customer deposits and deposits from other
banks and financial institutions
Net increase in borrowings from the central bank
Net increase in loans from other financial institutions
Premiums received on original insurance contracts
Net proceeds from reinsurance
Net increase in deposits and investments of policy holders
Interest fees and commissions received
Net increase in loans from other banks and financial
institutions
Net increase in proceeds from repurchase transactions
Net proceeds from acting trading of securities
Tax and levy rebates 44310389.47 79447720.00
Cash generated from other operating activities 1740241977.27 1585621281.26
Subtotal of cash generated from operating activities 79644237537.91 68483543226.48
Payments for goods and services 10242836807.45 10632691200.39
Net increase in loans and advances to customers
10Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Net increase in deposits in the central bank and other banks
and financial institutions
Payments for claims on original insurance contracts
Net increase in loans to other banks and financial institutions
Interest fees and commissions paid
Policy dividends paid
Cash paid to and for employees 6594871661.42 6169872501.92
Taxes and surcharge paid 28231492921.43 24955885296.52
Cash used in other operating activities 4780917414.02 4336349052.68
Subtotal of cash used in operating activities 49850118804.32 46094798051.51
Net cash generated from/used in operating activities 29794118733.59 22388745174.97
II Cash flows from investing activities:
Proceeds from the disposal of investments
Investment income 13952640.00 23638368.00
Net proceeds from the disposal of fixed assets intangible
3991067.39659564.36
assets and other long-term assets
Net proceeds from the disposal of subsidiaries and other
business units
Cash generated from other investing activities
Subtotal of cash generated from investing activities 17943707.39 24297932.36
Payments for the acquisition and construction of fixed assets
1615700079.032443147960.19
intangible assets and other long-term assets
Payments for the acquisition of investments
Net increase in pledge loans
Net payments for the acquisition of subsidiaries and other
business units
Cash used in other investing activities
Subtotal of cash used in investing activities 1615700079.03 2443147960.19
Net cash generated from/used in investing activities -1597756371.64 -2418850027.83
III Cash flows from financing activities:
Capital contributions received 46080668.01
Of which: Capital contributions received by subsidiaries
46080668.01
from non-controlling interests
Borrowings received
Cash generated from other financing activities
Subtotal of cash generated from financing activities 46080668.01
Repayment of borrowings
Interest and dividends paid 19232909999.74 14827364128.30
Of which: Dividends paid by subsidiaries to non-controlling
1105800616.391197947298.97
interests
11Third Quarterly Report 2024 of Wuliangye Yibin Co. Ltd.
Cash used in other financing activities 300080899.96 302231617.63
Subtotal of cash used in financing activities 19532990899.70 15129595745.93
Net cash generated from/used in financing activities -19486910231.69 -15129595745.93
IV Effect of foreign exchange rate changes on cash and cash
equivalents
V Net increase in cash and cash equivalents 8709452130.26 4840299401.21
Add: Cash and cash equivalents beginning of the period 113095684224.30 90584643897.66
VI Cash and cash equivalents end of the period 121805136354.56 95424943298.87
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2024
□ Applicable □ Not applicable
(III) Independent Auditor’s Report
Indicate whether the financial statements in this Report have been audited by an independent auditor.□ Yes □ No
These financial statements are unaudited by such an auditor.The Board of Directors of Wuliangye Yibin Co. Ltd.
31 October 2024
12
