古井贡Ｂ:2026年三季度报告(英文版)

ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2026

October 2026

Stock Code: 000596, 200596 Stock Name: Gujing Distillery, Gujing Distillery-B Announcement No. 2026-024
ANHUI GUJING DISTILLERY COMPANY LIMITED

THIRD 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
contentsof 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.TheCompany’slegalrepresentative,ChiefAccountant,andheadofthefinancialdepartment(equivalenttofinancialmanager)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

Q3 2026 YoY change (%) Q1-Q3 2026 YoY change (%)

Operating revenue 2,638,711,370.37 3.69% 12,770,107,297.48 -22.25%
(RMB)
Net profit attributable

to the listed company’s 95,449,317.14 -68.04% 2,259,829,245.31 -42.94%
shareholders (RMB)
Net profit attributable
to the listed company’s

shareholders before 86,768,927.56 -69.18% 2,236,798,370.13 -42.76%
exceptional gains and
losses (RMB)
Net cash generated

from/used in operating — — 2,120,940,108.46 -19.27%
activities (RMB)

Basic earnings per 0.18 -67.86% 4.28 -42.86%

share (RMB/share)

Diluted earnings per 0.18 -67.86% 4.28 -42.86%
share (RMB/share)

Weighted average 0.38% -0.80% 9.00% -6.48%
return on equity (%)

September 30, 2026 December 31, 2025 Change (%)

Total assets (RMB) 36,157,637,321.02 38,197,033,001.78 -5.34%

Equity attributable to

the listed company’s 24,986,893,075.67 25,050,216,942.36 -0.25%
shareholders (RMB)
(II) Exceptional Gains and Losses
 Applicable □ Not applicable

Unit: RMB

Item Q3 2026 Q1-Q3 2026 Note

Gain or loss on disposal of

non-current assets (inclusive

372,150.55 -2,824,142.40

of impairment allowance
write-offs)
Government grants

recognized in profit or loss

(exclusive of those that are

closely related to the
Company's normal business

operations and given in 1,124,160.00 4,935,784.84

accordance with 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

4,304,723.59 9,030,545.47

and liabilities (exclusive of

the effective portion of hedges

that is related to the

Company's normal business
operations)
Non-operating income and

expense other than the above 6,366,183.89 21,697,038.69

Less: Income tax effects 2,872,920.00 7,962,246.72

Non-controlling interests

613,908.45 1,846,104.70

effects (net of tax)

Total 8,680,389.58 23,030,875.18 --

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 rec

urrent 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

Unit: RMB

Balance sheet September 30, Change

January 1, 2026 Main reason for change

items 2026 (%)

Prepayments 184,102,543.23 115,292,227.12 59.68% Increase in manufacturing overhead transferred in
during the summer suspension of Baijiu production.

Other receivables 60,375,319.80 45,651,277.81 32.25% Increase in prepaid promotion expenses.

Investment property 9,977,482.36 16,036,411.82 -37.78% Recovery of building space that was rented out.

Notes payable 564,839,516.61 1,472,240,813.01 -61.63% Maturity and redemption of notes.

Contract liabilities 958,062,334.87 1,519,882,489.70 -36.96% Decreased sales orders.

Other Increased changes in the fair value of investments
comprehensive 8,767,401.09 6,080,513.09 44.19% in other equity instruments.

income

Income statement Change

Q1-Q3 2026 Q1-Q3 2025 Main reason for change

items (%)

Gain on changes in 3,252,901.86 405,625.78 701.95% Increase in changes in fair value of bank wealth

fair value management products.

Net profit 2,299,668,208.47 4,083,496,510.27 -43.68% Decrease in operating revenue.

Cash flow Change

Q1-Q3 2026 Q1-Q3 2025 Main reason for change

statement items (%)

Tax and levy rebates 51,052,957.59 4,395,422.58 1,061.50% Increase in income tax rebates received from the
annual final settlement.

Cash generated

from other 1,834,274,092.92 1,087,298,979.00 68.70% Increased recovery of restricted funds.

operating activities

Proceeds from 9,576,587,000.00 4,302,278,000.00 122.59% Increased recovery of reverse repurchases of

disinvestment treasury bonds upon maturity.

Payments for 10,017,112,000.00 4,930,537,000.00 103.16% Increased reverse repurchases of treasury bonds.
investments

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 preference

Number of ordinary shareholders at shareholders with resumed

58,622 0
the period-end voting rights at the period-end

(if any)

Top 10 shareholders (exclusive of shares lent in refinancing)

Name of Nature of Shareholding Restricted shares Shares in pledge, marked or frozen
Total shares held

shareholder shareholder percentage held Status Shares

ANHUI GUJING

GROUP State-owned legal

51.34% 271,404,022 In pledge 30,000,000
COMPANY person

LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES

Other 3.83% 20,230,228 N/A

BAIJIU INDEX
CLASSIFICATION
SECURITIES
INVESTMENT
FUND
CHINA
INTERNATIONAL

CAPITAL Overseas legal

1.65% 8,700,078 N/A

CORPORATION person
HONGKONG
SECURITIES LTD
AGRICULTURAL
BANK OF CHINA
－E FUND
CONSUMPTION

Other 1.40% 7,389,527 N/A

SECTOR STOCK

SECURITIES
INVESTMENT
FUND

GREENWOODS Overseas legal 1.14% 6,049,760 N/A

CHINAALPHA person
MASTER FUND
CHINA
CONSTRUCTION
BANK
CORPORATION－
PENGHUA
CHINA

SECURITIES Other 0.99% 5,210,251 N/A

WINE & LIQUOR
TRADED OPEN-
ENDED INDEX
SECURITIES
INVESTMENT
FUND
INDUSTRIAL
AND
COMMERCIAL
BANK OF CHINA
LIMITED-
INVESCO GREAT

WALL Other 0.95% 5,000,000 N/A

EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
FUND
HONG KONG

SECURITIES Overseas legal

CLEARING person 0.92% 4,888,682 N/A

COMPANY LTD.

3W GLOBAL Overseas legal

0.85% 4,469,528 N/A

FUND person

UBS (LUX)
EQUITY FUND -

Overseas legal

CHINA 0.84% 4,466,045 N/A

person

OPPORTUNITY
(USD)

Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of senior management)

Shares by class

Name of shareholder Unrestricted ordinary shares held

Class Shares

RMB-

ANHUI GUJING GROUP

271,404,022 denominated 271,404,022
COMPANY LIMITED

ordinary stock

BANK OF CHINA-CHINA

RMB-

MERCHANTS CHINASECURITIES

20,230,228 denominated 20,230,228
BAIJIU INDEX CLASSIFICATION

ordinary stock

SECURITIES INVESTMENT FUND

CHINAINTERNATIONAL Domestically

CAPITAL CORPORATION 8,700,078 listed overseas 8,700,078
HONGKONG SECURITIES LTD stock

AGRICULTURAL BANK OF

CHINA－E FUND CONSUMPTION RMB-

7,389,527 denominated 7,389,527
SECTOR STOCK SECURITIES

ordinary stock

INVESTMENT FUND

Domestically

GREENWOODS CHINA ALPHA 6,049,760 listed overseas 6,049,760
MASTER FUND

stock

CHINACONSTRUCTION BANK
CORPORATION－PENGHUA

RMB-

CHINASECURITIES WINE &

5,210,251 denominated 5,210,251
LIQUOR TRADED OPEN-ENDED

ordinary stock

INDEX SECURITIES
INVESTMENT FUND
INDUSTRIALAND COMMERCIAL

BANK OF CHINALIMITED- RMB-

INVESCO GREAT WALL 5,000,000 denominated 5,000,000
EMERGING GROWTH HYBRID ordinary stock

SECURITIES INVESTMENT FUND

RMB-

HONG KONG SECURITIES

4,888,682 denominated 4,888,682
CLEARING COMPANY LTD.

ordinary stock

Domestically

3W GLOBAL FUND 4,469,528 listed overseas 4,469,528
stock

Domestically

UBS (LUX) EQUITY FUND - 4,466,045 listed overseas

CHINAOPPORTUNITY (USD) 4,466,045
stock

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

Related or acting-in-concert parties Gro

up Company Limited—is not a related party of other shareholders; nor are they parties
among the shareholders above acting in concert as defined in theAdministrative 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 theAdministrative 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

September 30, 2026

Unit: RMB

Item September 30, 2026 January 1, 2026

Current assets:

Monetary assets 11,733,466,451.55 14,187,463,729.81

Settlement reserve

Loans to other banks and financial

institutions

Held-for-trading financial assets 422,252,901.86 0.00

Derivative financial assets

Notes receivable

Accounts receivable 64,863,873.03 53,996,692.68

Receivables financing 862,171,633.47 895,658,760.56

Prepayments 184,102,543.23 115,292,227.12

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract

reserve

Other receivables 60,375,319.80 45,651,277.81

Including: Interest receivable

Dividends receivable

Financial assets purchased under

resale agreements

Inventories 11,024,352,449.84 10,739,794,676.82

Including: Data resource

Contract assets

Assets held for sale

Current portion of non-current assets

Other current assets 314,662,737.63 392,926,614.98

Total current assets 24,666,247,910.41 26,430,783,979.78

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 14,393,682.99 11,574,463.54

Investments in other equity

instruments 77,190,065.12 73,526,017.72

Other non-current financial assets

Investment property 9,977,482.36 16,036,411.82

Fixed assets 8,816,089,640.66 9,121,969,040.94

Construction in progress 153,981,057.70 160,290,473.75

Productive living assets

Oil and gas assets

Right-of-use assets 77,979,105.29 92,161,801.76

Intangible assets 1,110,359,103.54 1,133,507,983.04

Including: Data resource

Development costs

Including: Data resource

Goodwill 246,753,998.67 246,753,998.67

Long-term prepaid expense 395,767,353.60 417,315,747.85

Deferred income tax assets 588,897,920.68 487,647,921.96

Other non-current assets 5,465,160.95

Total non-current assets 11,491,389,410.61 11,766,249,022.00

Total assets 36,157,637,321.02

38,197,033,001.78

Current liabilities:

Short-term borrowings 129,072,572.50 184,830,263.45

Borrowings from the central bank

Loans from other banks and financial

institutions

Held-for-trading financial liabilities

Derivative financial liabilities

Notes payable 564,839,516.61 1,472,240,813.01

Accounts payable 1,871,341,658.80 2,302,888,169.15

Advances from customers

Contract liabilities 958,062,334.87 1,519,882,489.70

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 payable 919,631,276.77 1,276,935,454.81

Taxes and levies payable 745,534,539.75 605,968,561.52

Other payables 2,959,164,946.20 2,816,680,849.01

Including: Interest payable

Dividends payable

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with

assets held for sale

Current portion of non-current

liabilities 70,972,270.04 61,253,882.81

Other current liabilities 1,047,391,481.02 1,043,957,560.69

Total current liabilities 9,266,010,596.56 11,284,638,044.15

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 291,054,644.46 260,199,589.94

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 62,366,543.01 76,138,828.43

Long-term payables

Long-term employee benefits payable

Provisions

Deferred income 155,975,155.81 162,588,721.38

Deferred income tax liabilities 300,827,180.82 309,468,453.80

Other non-current liabilities

Total non-current liabilities 810,223,524.10 808,395,593.55

Total liabilities 10,076,234,120.66 12,093,033,637.70

Owners’equity:

Share capital 528,600,000.00 528,600,000.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 6,229,111,206.22 6,229,111,206.22

Less: Treasury stock

Other comprehensive income 8,767,401.09 6,080,513.09

Specific reserve

Surplus reserves 269,402,260.27 269,402,260.27

General reserve

Retained earnings 17,951,012,208.09 18,017,022,962.78

Total equity attributable to owners of the

parent company 24,986,893,075.67 25,050,216,942.36

Non-controlling interests 1,094,510,124.69 1,053,782,421.72

Total owners’equity 26,081,403,200.36 26,103,999,364.08

Total liabilities and owners’equity 36,157,637,321.02 38,197,033,001.78

Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng

Head of the Company’s financial department: Zhu Jiafeng

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2026 Q1~Q3 2025

1. Revenues 12,770,107,297.48 16,424,640,732.91

Including: Operating revenue 12,770,107,297.48 16,424,640,732.91

Interest revenue

Insurance premium income

Fee and commission

income

2. Costs and expenses 9,690,328,843.36 11,044,921,171.28

Including: Cost of sales

2,578,888,573.90 3,306,795,997.53

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 levies 2,184,677,028.81 2,629,415,053.68

Selling expense 4,326,088,830.16 4,507,564,685.02

Administrative expense 858,018,825.69 971,999,271.92

Development costs 55,888,719.89 62,205,547.04

Finance costs -313,233,135.09 -433,059,383.91

Including: Interest costs 11,098,803.69 7,915,316.24

Interest

revenue 323,870,246.74 443,982,861.45

Add: Other income 25,953,831.18 66,466,879.57

Return on investment (“-” for loss) -9,645,530.83 -20,878,347.16

Including: Share of profit or loss

of joint ventures and associates 2,819,219.45 -23,424.20

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) 3,252,901.86 405,625.78

Credit impairment loss (“-” for

loss) -324,818.37 580,586.42

Asset impairment loss (“-” for

loss) 1,322,265.15 -4,617.16

Asset disposal income (“-” for

loss) 292,817.52 74,653.89

3. Operating profit (“-” for loss) 3,100,629,920.63 5,426,364,342.97

Add: Non-operating income 23,960,035.92 43,781,215.42

Less: Non-operating expense 5,379,957.15 4,334,980.80

4. Gross profit (“-” for loss) 3,119,209,999.40 5,465,810,577.59

Less: Income tax expense 819,541,790.93 1,382,314,067.32

5. Net profit (“-” for net loss) 2,299,668,208.47 4,083,496,510.27

5.1 By operating continuity

5.1.1 Net profit from continuing

operations (“-” for net loss) 2,299,668,208.47 4,083,496,510.27

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 parent company (“-” for 2,259,829,245.31 3,960,203,363.47

net loss)

5.2.2 Net profit attributable to non-

controlling interests (“-” for net loss) 39,838,963.16 123,293,146.80

6. Other comprehensive income, net of

tax 3,728,675.62 16,912,289.88

Attributable to owners of the parent

company 2,686,888.00 15,911,085.50

6.1 Items that will not be

reclassified to profit or loss 1,648,821.33 1,483,873.56

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 instruments 1,648,821.33 1,483,873.56

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 1,038,066.67 14,427,211.94

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 comprehensi

ve

income arising from the reclassification 1,038,066.67 14,427,211.94
of financial assets

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

interests 1,041,787.62 1,001,204.38

7. Total comprehensive income 2,303,396,884.09 4,100,408,800.15

7.1Attributable to owners of the

parent company 2,262,516,133.31 3,976,114,448.97

7.2Attributable to non-controlling 40,880,750.78 124,294,351.18

interests
8. Earnings per share

8.1 Basic earnings per share 4.28 7.49

8.2 Diluted earnings per share 4.28 7.49

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 for Q1~Q3

Unit: RMB

Item Q1~Q3 2026 Q1~Q3 2025

1. Cash flows from operating activities:

Proceeds from sale of commodities

and rendering of services 13,704,996,155.65 17,534,396,855.33

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 51,052,957.59 4,395,422.58

Cash generated from other operating

activities 1,834,274,092.92 1,087,298,979.00

Subtotal of cash generated from

operating activities 15,590,323,206.16 18,626,091,256.91

Payments for commodities and

services 3,638,304,546.81 3,060,504,596.01

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 employees 2,957,582,525.73 3,023,565,700.53

Taxes and levies paid 4,750,453,221.63 6,562,911,764.70

Cash used in other operating activities 2,123,042,803.53 3,352,055,718.66

Subtotal of cash used in operating

activities 13,469,383,097.70 15,999,037,779.90

Net cash generated from/used in

operating activities 2,120,940,108.46 2,627,053,477.01

2. Cash flows from investing activities:

Proceeds from disinvestment 9,576,587,000.00 4,302,278,000.00

Return on investment 6,810,572.67 5,709,694.00

Net proceeds from the disposal of

fixed assets, intangible assets and other 335,576.00 313,276.00
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 activities 9,583,733,148.67 4,308,300,970.00

Payments for the acquisition of fixed

assets, intangible assets and other long- 581,441,219.64 1,364,052,252.27
lived assets

Payments for investments 10,017,

112,000.00 4,930,537,000.00

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

activities 10,598,553,219.64 6,294,589,252.27

Net cash generated from/used in

investing activities -1,014,820,070.97 -1,986,288,282.27

3. Cash flows from financing activities:

Capital contributions received 0.00 18,000,000.00

Including: Capital contributions by 0.00 18,000,000.00

non-controlling interests to subsidiaries

Borrowings received 240,115,054.52 329,200,000.00

Cash generated from other financing

activities

Subtotal of cash generated from

financing activities 240,115,054.52 347,200,000.00

Repayment of borrowings 251,300,000.00 117,690,000.00

Interest and dividends paid 2,333,809,177.02 3,208,905,926.75

Including: Dividends paid by

subsidiaries to non-controlling interests 153,047.81 29,909,838.00

Cash used in other financing activities 20,117,989.00 18,835,727.16

Subtotal of cash used in financing

activities 2,605,227,166.02 3,345,431,653.91

Net cash generated from/used in

financing activities -2,365,112,111.50 -2,998,231,653.91

4. Effect of foreign exchange rates

changes on cash and cash equivalents

5. Net increase in cash and cash

equivalents -1,258,992,074.01 -2,357,466,459.17

Add: Cash and cash equivalents,

beginning of the period 12,494,251,818.57 15,193,134,694.19

6. Cash and cash equivalents, end of the

period 11,235,259,744.56 12,835,668,235.02

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of
the New Accounting Standards Implemented since 2026

□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.

The Board of Directors

Anhui Gujing Distillery Company Limited
October 30, 2026