Stock Code: 000596 200596 Stock Name: Gujing Distillery Gujing Distillery-B Announcement No. 2020-027

ANHUI GUJING DISTILLERY COMPANY LIMITED

INTERIM REPORT 2020 (SUMMARY)

Part I Important Notes

This Summary is based on the full text of the Interim Report of Anhui Gujing Distillery Company Limited (together with its

consolidated subsidiaries the “Company” except where the context otherwise requires). In order for a full understanding of the

Company’s operating results financial condition and future development plans investors should carefully read the aforesaid full text

which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the

“CSRC”).

Independent auditor’s modified opinion:

□ Applicable √ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable √ Not applicable

The Company has no interim dividend plan either in the form of cash or stock.

Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable √ Not applicable

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

1. Stock Profile

Stock name

Gujing Distillery Gujing

Distillery-B

Stock code 000596 200596

Stock exchange for stock listing Shenzhen Stock Exchange

Contact information Board Secretary Securities Representative

Name Ye Changqing Mei Jia

Office address

Gujing Town Bozhou City Anhui Province

P.R.China

Gujing Town Bozhou City Anhui Province

P.R.China

Tel. （0558）5712231 （0558）5710057

E-mail address gjzqb@gujing.com.cn gjzqb@gujing.com.cn

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes √ No

H1 2020 H1 2019 Change (%)

Operating revenue (RMB) 5519621000.62 5988112999.09 -7.82%

Net profit attributable to the listed

company’s shareholders (RMB)

1024936604.36 1248316314.01 -17.89%

Net profit attributable to the listed

company’s shareholders before exceptional

gains and losses (RMB)

1007918868.52 1165870979.10 -13.55%

Net cash generated from/used in operating

activities (RMB)

2341638100.64 1041733748.83 124.78%

Basic earnings per share (RMB/share) 2.04 2.48 -17.74%

Diluted earnings per share (RMB/share) 2.04 2.48 -17.74%

Weighted average return on equity (%) 10.84% 16.71% -5.87%

30 June 2020 31 December 2019 Change (%)

Total assets (RMB) 15329688946.81 13871297363.16 10.51%

Equity attributable to the listed company’s

shareholders (RMB)

9213648368.80 8944111764.44 3.01%

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

Number of ordinary shareholders 25645

Number of preferred

shareholders with resumed

voting rights (if any)

0

Top 10 shareholders

Name of

shareholder

Nature of

shareholder

Shareholding

percentage

Number of

shares

Restricted shares

Shares in pledge or frozen

Status Shares

ANHUI

GUJING

GROUP

COMPANY

LIMITED

State-owned

legal person

53.89% 271404022 In pledge 114000000

GAOLING

FUNDL.P.

Foreign legal

person

2.47% 12446408

AGRICULTUR

AL BANK OF

CHINA- E

FUND

CONSUMPTIO

N SECTOR

STOCK

SECURITIES

INVESTMENT

FUND

Other 2.27% 11456769

CHINA INT'L

CAPITAL

CORP HONG

KONG

SECURITIES

LTD

Foreign legal

person

1.75% 8808452

HONG KONG

SECURITIES

Foreign legal 1.63% 8216655

CLEARING

COMPANY

LTD.

person

UBS (LUX)

EQUITY FUND

- CHINA

OPPORTUNIT

Y (USD)

Foreign legal

person

1.40% 7048161

CENTRAL

HUIJIN ASSET

MANAGEMEN

T CO. LTD.

State-owned

legal person

1.30% 6543600

INDUSTRIAL

AND

COMMERCIA

L BANK OF

CHINA

LIMITED-

INVESCO

GREAT WALL

EMERGING

GROWTH

HYBRID

SECURITIES

INVESTMENT

FUND

Other 1.07% 5399890

GREENWOOD

S CHINA

ALPHA

MASTER

FUND

Foreign legal

person

0.92% 4614326

INDUS

SELECT

MASTER

FUND LTD.

Foreign legal

person

0.74% 3729186

Related or acting-in-concert

parties among the shareholders

above

Among the shareholders above the Company’s controlling shareholder—Anhui Gujing Group

Company Limited—is not a related party of other shareholders; nor are they parties acting in

concert as defined in the Administrative Measures on Information Disclosure of Changes in

Shareholding of Listed Companies. As for the other shareholders the Company does not know

whether they are related parties or whether they belong to parties acting in concert as defined in

the Administrative Measures on Information Disclosure of Changes in Shareholding of Listed

Companies.

Shareholders involved in

securities margin trading (if any)

N/A

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period

Change of the controlling shareholder in the Reporting Period:

□ Applicable √ Not applicable

The controlling shareholder remained the same in the Reporting Period.

Change of the actual controller in the Reporting Period:

□ Applicable √ Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

No preferred shareholders in the Reporting Period.6. Corporate bonds

Does the Company have any corporate bonds publicly offered on the stock exchange which were outstanding before the date of this

Report’s approval or were due but could not be redeemed in full?

No.Part III Operating Performance Discussion and Analysis

1. Business Overview of the Reporting Period

Is the Company subject to any industry-specific disclosure requirements?

No.The first half of 2020 saw a gradual recovery in China’s economic growth against the adverse impact of the COVID-19 pandemic.Yet the pandemic is still spreading globally and how it will continue to affect the world economy remains to be seen posing more

risks and challenges and putting pressure on recovery of the domestic economy.Under the common efforts of the Board and all the staff for the six months from January to June 2020 the Company recorded

operating revenue of RMB5.520 billion down 7.82% compared to the same period of last year; a net profit attributable to owners of

the Company as the parent of RMB1.025 billion representing a year-on-year decline of 17.89%; and net cash generated from

operating activities of RMB2.342 billion up 124.78% year-on-year. Key work done in the Reporting Period was as follows : ①

adopting effective anti-pandemic measures to ensure the smooth resumption of work/production; ② developing innovative marketing

models and continuing to carry out sales promotions; ③ continuously strengthen the special inspection of quality management and

further improve the quality management system; ④ enhancing safety and environmental management to ensure safe smooth and

orderly production; and ⑤ refining organizational management and further adhering to the guidance of the governing party.

2. Matters Related to Financial Reporting

(1) Changes to Accounting Policies Accounting Estimates or Measurement Methods Compared to the Last

Accounting Period

√ Applicable □ Not applicable

Contents of changes in accounting policies

and reasons thereof

Approval procedures Note

On 5 July 2017 the Ministry of Finance

issued the Notice on Revising and Issuing

the Accounting Standards for Business

Enterprises No.14-Revenue

(CK(2017)No.22 and required those

enterprises both listed in domestic and

aboard and those enterprises overseas

listed with International Financial

Reporting Standards or Accounting

Standards for Business Enterprises for

preparation of financial statements to

implement it since 1 January 2018

required other domestically listed

enterprises to implement it since 1 January

Reviewed and approved on the 14

th

Meeting of the 8

th

Board of Directors and

the 11

th

Meeting of the 8

th

Supervisory

Committee

For details please refer to the

announcement on changes in accounting

policies disclosed on

http://www.cninfo.com.cn on 27 April

2020

2020 and required non-listed enterprises

carrying out the Accounting Standards for

Business Enterprises to implement it since

1 January 2021. The Company starts to

implement the new accounting policy since

the date stipulated in above document and

starts to implement the new standards

governing revenue since 1 January 2020.The Ministry of Finance issued the Notice

on Revising and Issuing of Formats of

2019 Financial Statements for General

Enterprises (CK[2019]No.16) (hereinafter

referred to as “Revising Notice”) on 19

September 2019 in which the formats of

financial statements for general enterprises

are revised and non-financial enterprises

carrying out accounting standards for

business enterprises are required to prepare

the financial statements for 2019 and

subsequent periods in accordance with

provisions stipulated in accounting

standards for business enterprises and the

Revising Notice.Reviewed and approved on the 14

th

Meeting of the 8

th

Board of Directors and

the 11

th

Meeting of the 8

th

Supervisory

Committee

For details please refer to the

announcement on changes in accounting

policies disclosed on

http://www.cninfo.com.cn on 27 April

2020

(2) Retrospective Restatements due to the Correction of Material Accounting Errors in the Reporting

Period

□ Applicable √ Not applicable

No such cases.

(3) Changes to the Scope of Consolidated Financial Statements Compared to the Last Accounting Period

□ Applicable √ Not applicable