[一季报]古井贡Ｂ(200596):2026年一季度报告（英文版）

 时间：2026年04月29日 22:25:54 中财网

原标题:古井贡Ｂ:2026年一季度报告（英文版）

ANHUI GUJING DISTILLERY COMPANY LIMITED FIRST QUARTERLY REPORT 2026 April 2026

Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2026-005

ANHUI GUJING DISTILLERY COMPANY LIMITED
FIRST QUARTERLY REPORT 2026

Anhui Gujing Distillery Company Limited (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 Notes:
1. The Board of Directors (or the “Board”) as well as the directors and senior management of 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 Accountant, and head of the financial department (equivalent to
financial manager) hereby guarantee that the financial statements carried in this Report are truthful, accurate and
complete.
3. Indicate by tick mark 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 by tick mark whether there is any retrospectively restated datum in the table below. □Applicable ? Not applicable

　Q1 2026Q1 2025YoY change (%)
Operating revenue (RMB)7,445,774,807.109,146,061,070.75-18.59%
Net profit attributable to the listed company’s shareholders (RMB)1,606,873,496.412,329,843,939.99-31.03%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)1,598,294,341.712,311,791,509.93-30.86%
Net cash generated from/used in operating activities (RMB)1,911,371,366.341,845,180,171.283.59%
Basic earnings per share (RMB/share)3.044.41-31.07%
Diluted earnings per share (RMB/share)3.044.41-31.07%
Weighted average return on equity (%)6.30%9.21%-2.91%
　March 31, 2026December 31, 2025Change (%)
Total assets (RMB)40,622,650,634.0738,197,033,001.786.35%
Equity attributable to the listed company’s shareholders (RMB)26,124,052,021.9525,050,216,942.364.29%
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
Unit: RMB

ItemAmount during the Reporting PeriodNote
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)-493,894.48　
Government grants recognized in profit or loss (exclusive of those that are closely related to the Company's normal business operations and given in accordance with defined criteria and in compliance with government policies, and have a continuing impact on the Company's profit or loss)2,623,324.84　
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 liabilities (exclusive of the effective portion of hedges that is related to the Company's normal business operations)689,978.38　
Non-operating income and expense other than the above9,482,641.92　
Less: Income tax effects2,953,242.24　
Non-controlling interests effects (net of tax)769,653.72　
Total8,579,154.70--
Particulars about other gains and losses 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 Line Items and Explanation of why ? Applicable □ Not applicable

Balance sheet itemMarch 31, 2026 (RMB)January 1, 2026 (RMB)Change (%)Main explanation of why
Held-for-trading financial assets200,460,273.970.00--Increased purchases of bank financial management products
Accounts receivable92,928,929.8953,996,692.6872.10%Increased accounts receivable of subsidiaries from customers
Receivables financing3,036,044,251.97895,658,760.56238.97%Increased bank acceptance bills received
Notes payable817,272,214.131,472,240,813.01-44.49%Maturity and redemption of notes payable
Contract liabilities2,304,796,934.001,519,882,489.7051.64%Increased advance receipts from customers
Taxes and levies payable1,201,337,465.66605,968,561.5298.25%Increased outstanding VAT and corporate income tax
Other current liabilities1,393,545,232.561,043,957,560.6933.49%Increase in accrued expenses
Income statement itemQ1 2026 (RMB)Q1 2025 (RMB)Change (%)Explanation of why
Finance costs-116,456,593.64-180,822,561.3635.60%Decreased interest income
Other income12,020,684.6926,295,361.38-54.29%Decreased government grants
Operating profit2,202,801,938.053,171,145,407.49-30.54%Decreased operating revenue
Cash flow statement item2,202,801,938.05 Q1 2026 (RMB)Q1 2025 (RMB)Change (%)Explanation of why
Cash generated from other operating activities781,852,657.56544,431,539.2143.61%Increased recovery of restricted funds
Payments for commodities and services1,918,392,897.751,389,941,148.8338.02%Increase in matured bill payments
Proceeds from disinvestment621,545,000.00370,000,000.0067.99%Maturity of treasury bond reverse repurchase agreements
Payments for the construction and acquisition of fixed assets, intangible assets and other long- lived assets305,768,477.21526,587,484.84-41.93%Decreased payments for the acquisition and construction of fixed assets
Borrowings received89,300,000.00164,500,000.00-45.71%Decrease in bank loans received by subsidiaries
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

Number of ordinary shareholders at the period-end62,145Number of preference shareholders with resumed voting rights at the period-end (if any)0　　　
Top 10 shareholders (exclusive of shares lent in refinancing)　　　　　　
Name of shareholderNature of shareholderShareholding percentageTotal shares heldRestricted shares heldShares in pledge, marked or frozen　
　　　　　StatusShares
ANHUI GUJING GROUP COMPANY LIMITEDState-owned legal person51.34%271,404,022　In pledge30,000,000
BANK OF CHINA- CHINA MERCHANTS CHINA SECURITIES BAIJIU INDEX CLASSIFICATION SECURITIES INVESTMENT FUNDOther3.34%17,641,908　N/A　
CHINA INTERNATIONAL CAPITAL CORPORATION HONGKONG SECURITIES LTDOverseas legal person1.65%8,721,740　N/A　
UBS (LUX) EQUITY FUND- CHINA OPPORTUNITY (USD)Overseas legal person1.19%6,285,745　N/A　
GREENWOODS CHINA ALPHA MASTER FUNDOverseas legal person1.14%6,049,760　N/A　
CHINA CONSTRUCTION BANK CORPORATION－ PENGHUA CHINA SECURITIES WINE & LIQUOR TRADED OPEN- ENDED INDEXOther1.08%5,710,430　N/A　
SECURITIES INVESTMENT FUND　　　　　　
AGRICULTURAL BANK OF CHINA －E FUND CONSUMPTION SECTOR STOCK SECURITIES INVESTMENT FUNDOther1.02%5,411,046　N/A　
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED- INVESCO GREAT WALL EMERGING GROWTH HYBRID SECURITIES INVESTMENT FUNDOther1.00%5,300,000　N/A　
HONG KONG SECURITIES CLEARING COMPANY LTD.Overseas legal person0.95%5,014,804　N/A　
3W GLOBAL FUNDOverseas legal person0.85%4,469,528　N/A　
Top 10 unrestricted shareholders　　　　　　
Name of shareholderUnrestricted ordinary shares heldShares by class　　　　
　　ClassShares　　　
ANHUI GUJING GROUP COMPANY LIMITED271,404,022RMB- denominated ordinary stock271,404,022　　　
BANK OF CHINA-CHINA MERCHANTS CHINA SECURITIES BAIJIU INDEX CLASSIFICATION SECURITIES INVESTMENT FUND17,641,908RMB- denominated ordinary stock17,641,908　　　
CHINA INTERNATIONAL CAPITAL CORPORATION HONGKONG SECURITIES LTD8,721,740Domestically listed overseas stock8,721,740　　　
UBS (LUX) EQUITY FUND-CHINA OPPORTUNITY (USD)6,285,745Domestically listed overseas stock6,285,745　　　
GREENWOODS CHINA ALPHA MASTER FUND6,049,760Domestically listed overseas stock6,049,760　　　
CHINA CONSTRUCTION BANK CORPORATION－PENGHUA CHINA SECURITIES WINE &5,710,430RMB- denominated ordinary stock5,710,430　　　

LIQUOR TRADED OPEN-ENDED INDEX SECURITIES INVESTMENT FUND　　　
AGRICULTURAL BANK OF CHINA－E FUND CONSUMPTION SECTOR STOCK SECURITIES INVESTMENT FUND5,411,046RMB- denominated ordinary stock5,411,046
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED- INVESCO GREAT WALL EMERGING GROWTH HYBRID SECURITIES INVESTMENT FUND5,300,000RMB- denominated ordinary stock5,300,000
HONG KONG SECURITIES CLEARING COMPANY LTD.5,014,804RMB- denominated ordinary stock5,014,804
3W GLOBAL FUND4,469,528Domestically listed overseas stock4,469,528
Related or acting-in-concert parties among the shareholders aboveAmong 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.　　
Top 10 shareholders engaged in securities margin trading (if any)N/A　　
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares
lending
□Applicable ? Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
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 Anhui Gujing Distillery Company Limited
March 31, 2026
Unit: RMB

ItemMarch 31, 2026January 1, 2026
Current assets:　　
Monetary assets14,515,715,094.6814,187,463,729.81
Settlement reserve　　
Loans to other banks and financial institutions　　
Held-for-trading financial assets200,460,273.970.00
Derivative financial assets　　
Notes receivable　　
Accounts receivable92,928,929.8953,996,692.68
Receivables financing3,036,044,251.97895,658,760.56
Prepayments148,110,419.05115,292,227.12
Premiums receivable　　
Reinsurance receivables　　
Receivable reinsurance contract reserve　　
Other receivables56,380,888.9945,651,277.81
Including: Interest receivable　　
Dividends receivable　　
Financial assets purchased under resale agreements　　
Inventories10,462,631,408.0810,739,794,676.82
Including: Data resource　　
Contract assets　　
Assets held for sale　　
Non-current assets maturing within one year　　
Other current assets311,318,383.45392,926,614.98
Total current assets28,823,589,650.0826,430,783,979.78
Non-current assets:　　
Loans and advances to customers　　
Debt investments　　
Other debt investments　　
Long-term receivables　　
Long-term equity investments12,480,029.1311,574,463.54
Investments in other equity instruments76,088,577.1273,526,017.72
Other non-current financial assets　　
Investment property15,436,936.4516,036,411.82
Fixed assets9,072,892,422.739,121,969,040.94
Construction in progress132,055,983.37160,290,473.75
Productive living assets　　
Oil and gas assets　　
Right-of-use assets87,157,813.1492,161,801.76
Intangible assets1,125,735,774.551,133,507,983.04
Including: Data resource　　
Development costs　　
Including: Data resource　　
Goodwill246,753,998.67246,753,998.67
Long-term prepaid expense409,957,104.63417,315,747.85
Deferred income tax assets620,293,003.20487,647,921.96
Other non-current assets209,341.005,465,160.95
Total non-current assets11,799,060,983.9911,766,249,022.00
Total assets40,622,650,634.0738,197,033,001.78
Current liabilities:　　
Short-term borrowings134,732,375.44184,830,263.45
Borrowings from the central bank　　
Loans from other banks and financial institutions　　
Held-for-trading financial liabilities　　
Derivative financial liabilities　　
Notes payable817,272,214.131,472,240,813.01
Accounts payable2,143,552,239.812,302,888,169.15
Advances from customers　　
Contract liabilities2,304,796,934.001,519,882,489.70
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 payable1,271,024,245.861,276,935,454.81
Taxes and levies payable1,201,337,465.66605,968,561.52
Other payables3,202,811,016.382,816,680,849.01
Including: Interest payable　　
Dividends payable　　
Fees and commissions payable　　
Reinsurance payables　　
Liabilities directly associated with assets held for sale　　
Non-current liabilities maturing within one year72,033,227.3761,253,882.81
Other current liabilities1,393,545,232.561,043,957,560.69
Total current liabilities12,541,104,951.2111,284,638,044.15
Non-current liabilities:　　
Insurance contract reserve　　
Long-term borrowings312,499,589.94260,199,589.94
Bonds payable　　
Including: Preference shares　　
Perpetual bonds　　
Lease liabilities74,635,202.1276,138,828.43
Long-term payables　　
Long-term employee benefits payable　　
Provisions　　
Deferred income158,961,356.21162,588,721.38
Deferred income tax liabilities306,433,046.55309,468,453.80
Other non-current liabilities　　
Total non-current liabilities852,529,194.82808,395,593.55
Total liabilities13,393,634,146.0312,093,033,637.70
Owners’ equity:　　
Share capital528,600,000.00528,600,000.00
Other equity instruments　　
Including: Preference shares　　
Perpetual bonds　　
Capital reserves6,229,111,206.226,229,111,206.22
Less: Treasury stock　　
Other comprehensive income1,642,096.276,080,513.09
Specific reserve　　
Surplus reserves269,402,260.27269,402,260.27
General reserve　　
Retained earnings19,095,296,459.1918,017,022,962.78
Total equity attributable to owners of the Company as the parent26,124,052,021.9525,050,216,942.36
Non-controlling interests1,104,964,466.091,053,782,421.72
Total owners’ equity27,229,016,488.0426,103,999,364.08
Total liabilities and owners’ equity40,622,650,634.0738,197,033,001.78
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
2. Consolidated Income Statement
Unit: RMB

ItemQ1 2026Q1 2025
1. Revenues7,445,774,807.109,146,061,070.75
Including: Operating revenue7,445,774,807.109,146,061,070.75
Interest revenue　　
Insurance premium income　　
Fee and commission income　　
2. Costs and expenses5,244,984,545.425,990,636,617.73
Including: Cost of sales1,649,562,299.931,858,117,998.99
Interest costs　　
Fee and commission expense　　
Surrenders　　
Net insurance claims paid　　
Net amount provided as insurance contract reserve　　
Expenditure on policy dividends　　
Reinsurance premium expense　　
Taxes and surcharges1,321,543,923.491,460,941,434.23
Selling expense1,987,978,306.022,433,266,832.58
Administrative expense385,215,352.89399,360,994.69
Development costs17,141,256.7319,771,918.60
Finance costs-116,456,593.64-180,822,561.36
Including: Interest costs3,428,308.752,888,158.39
Interest revenue120,043,779.77186,495,864.02
Add: Other income12,020,684.6926,295,361.38
Return on investment (“-” for loss)-10,499,300.81-11,076,198.03
Including: Share of profit or loss of joint ventures and associates905,565.59-270,886.99
Income from the derecognition of financial assets at amortized cost (“-” for loss)　　
Exchange gain (“-” for loss)　　
Net gain on exposure hedges (“-” for loss)　　
Gain on changes in fair value (“-” for loss)460,273.97553,014.15
Credit impairment loss (“-” for loss)119,600.28440.59
Asset impairment loss (“-” for loss)-106,178.46-54,753.04
Asset disposal income (“-” for loss)16,596.703,089.42
3. Operating profit (“-” for loss)2,202,801,938.053,171,145,407.49
Add: Non-operating income10,558,596.1415,535,007.33
Less: Non-operating expense1,586,445.40453,714.98
4. Gross profit (“-” for loss)2,211,774,088.793,186,226,699.84
Less: Income tax expense554,467,599.22797,128,203.67
5. Net profit (“-” for net loss)1,657,306,489.572,389,098,496.17
5.1 By operating continuity　　
5.1.1 Net profit from continuing operations (“-” for net loss)1,657,306,489.572,389,098,496.17
5.1.2 Net profit from discontinued operations (“-” for net loss)　　
5.2 By ownership　　
5.2.1 Net profit attributable to owners of the Company as the parent1,606,873,496.412,329,843,939.99
5.2.2 Net profit attributable to non- controlling interests50,432,993.1659,254,556.18
6. Other comprehensive income, net of tax-3,689,365.613,961,654.87
Attributable to owners of the Company as the parent-4,438,416.823,014,653.68
6.1 Items that will not be reclassified to profit or loss1,153,151.721,543,377.03
6.1.1 Changes caused by remeasurements on defined benefit schemes　　
6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method　　
6.1.3 Changes in the fair value of investments in other equity instruments1,153,151.721,543,377.03
6.1.4 Changes in the fair value arising from changes in own credit risk　　
6.1.5 Other　　
6.2 Items that will be reclassified to profit or loss-5,591,568.541,471,276.65
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method　　
6.2.2 Changes in the fair value of other debt investments　　
6.2.3 Other comprehensive income arising from the reclassification of financial assets-5,591,568.541,471,276.65
6.2.4 Credit impairment allowance for other debt investments　　
6.2.5 Reserve for cash flow hedges　　
6.2.6 Differences arising from the translation of foreign currency- denominated financial statements　　
6.2.7 Other　　
Attributable to non-controlling interests749,051.21947,001.19
7. Total comprehensive income1,653,617,123.962,393,060,151.04
Attributable to owners of the Company as the parent1,602,435,079.592,332,858,593.67
Attributable to non-controlling interests51,182,044.3760,201,557.37
8. Earnings per share　　
8.1 Basic earnings per share3.044.41
8.2 Diluted earnings per share3.044.41
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
3. Consolidated Cash Flow Statement
Unit: RMB

ItemQ1 2026Q1 2025
1. Cash flows from operating activities:　　
Proceeds from sale of commodities and rendering of services7,462,819,015.678,232,524,253.30
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 rebates816,176.881,485,224.02
Cash generated from other operating activities781,852,657.56544,431,539.21
Subtotal of cash generated from operating activities8,245,487,850.118,778,441,016.53
Payments for commodities and services1,918,392,897.751,389,941,148.83
Net increase in loans and advances to customers　　
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 employees1,122,397,519.481,319,640,060.77
Taxes and levies paid2,347,833,733.003,183,972,501.16
Cash used in other operating activities945,492,333.541,039,707,134.49
Subtotal of cash used in operating activities6,334,116,483.776,933,260,845.25
Net cash generated from/used in operating activities1,911,371,366.341,845,180,171.28
2. Cash flows from investing activities:　　
Proceeds from disinvestment621,545,000.00370,000,000.00
Return on investment252,434.121,524,121.28
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets　　
Net proceeds from the disposal of subsidiaries and other business units　　
Cash generated from other investing activities　　
Subtotal of cash generated from investing activities621,797,434.12371,524,121.28
Payments for the construction and acquisition of fixed assets, intangible assets and other long-lived assets305,768,477.21526,587,484.84
Payments for investments820,688,000.00730,609,000.00
Net increase in pledged loans granted　　
Net payments for the acquisition of subsidiaries and other business units　　
Cash used in other investing activities　　
Subtotal of cash used in investing activities1,126,456,477.211,257,196,484.84
Net cash generated from/used in investing activities-504,659,043.09-885,672,363.56
3. Cash flows from financing activities:　　
Capital contributions received　　
Including: Capital contributions by non-controlling interests to subsidiaries　　
Borrowings received89,300,000.00164,500,000.00
Cash generated from other financing activities　　
Subtotal of cash generated from financing activities89,300,000.00164,500,000.00
Repayment of borrowings75,000,000.00　
Interest and dividends paid531,382,525.39532,829,021.28
Including: Dividends paid by subsidiaries to non-controlling interests　　
Cash used in other financing activities2,817,293.251,247,145.00
Subtotal of cash used in financing609,199,818.64534,076,166.28
activities　　
Net cash generated from/used in financing activities-519,899,818.64-369,576,166.28
4. Effect of foreign exchange rates changes on cash and cash equivalents　　
5. Net increase in cash and cash equivalents886,812,504.61589,931,641.44
Add: Cash and cash equivalents, beginning of the period12,494,251,818.5715,193,134,694.19
6. Cash and cash equivalents, end of the period13,381,064,323.1815,783,066,335.63
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of （未完）
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