[三季报]重庆啤酒(600132):重庆啤酒股份有限公司2024年第三季度报告（英文版）
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时间：2024年10月30日 19:31:17 中财网 |
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原标题: 重庆啤酒: 重庆啤酒股份有限公司2024年第三季度报告（英文版）
Stock Code: 600132 Stock Abbreviation: Chongqing Brewery
CHONGQING BREWERY CO., LTD.
Q3 REPORT OF 2024
The board of directors and all directors of the company guarantee that this
announcement is free of any false records, misleading statements or significant
omissions, and that they will bear legal responsibility for the authenticity, accuracy
and completeness of its content.Reminder of important content:
The board of directors, board of supervisors, directors, supervisors and senior management of the company guarantee that this quarterly report contains true, accurate and complete information and is free of any false records, misleading statements or significant omissions, and that they will be
jointly and severally liable for the legal consequences.
The legal representative of the company, officer in charge of accounting and head of accounting department (the chief accountant) guarantee that the financial information in the quarterly report is
true, accurate and complete.
Whether the Q3 financial statements are audited
□Yes √No
I. Key financial information
(I) Major accounting data and financial indicators
Unit: yuan Currency: RMB
| Item | For the quarter
ended September
30, 2024 (“the
reporting period”) | YoY Variance (%) | For the three
quarters ended
September 30, 2024 | YoY Variance (%) | | Operating revenue | 4,202,308,225.00 | -7.11 | 13,062,996,755.34 | 0.26 | | Net profit attributable to
shareholders of the
Company | 430,678,422.06 | -10.10 | 1,331,968,723.29 | -0.90 | | Net profit attributable to
shareholders of the
Company after
deducting non-recurring
profit or loss | 417,990,356.67 | -11.60 | 1,305,563,897.32 | -1.61 | | Net cash flows from
operating activities | —— | —— | 3,461,797,517.06 | -6.90 | | Basic earnings per share | 0.89 | -10.10 | 2.75 | -0.90 | | Diluted earnings per
share | 0.89 | -10.10 | 2.75 | -0.90 | | Weighted average ROE
(%) | 22.44 | Decreased by 2.83 p.p. | 60.18 | Decreased by 1.81 p.p. | | | As of September 30, 2024 | As of December 31, 2023 | YoY Variance (%) | | | Total assets | 13,150,720,231.50 | 12,386,911,593.95 | 6.17 | | | Net assets attributable to
shareholders of the Company | 2,136,030,028.30 | 2,140,200,619.57 | -0.19 | |
Note: "The reporting period" above and hereafter refers to the quarter ended September 30, 2024. (II) Non-recurring gains and losses
Unit: yuan Currency: RMB
| Items | For the quarter
ended September 30,
2024 | For the three
quarters ended
September 30, 2024 | Remarks | | Gains on disposal of non-current
assets, including write-off of provision
for impairment | 613,204.62 | -859,814.50 | | | Government grants included in profit
or loss (excluding those closely related
to operating activities of the Company,
satisfying government policies and
regulations, enjoyed based on certain
standards, and continuously affecting
gains or losses of the Company) | 16,202,541.12 | 40,272,258.02 | | | Gains or losses on changes in fair
value of financial assets and liabilities
held by non-financial enterprises, and
gains or losses on disposal of financial
assets and liabilities, excluding those
arising from hedging business related
to operating activities | 4,257,308.30 | 12,604,058.68 | | | Other non-operating revenue or
expenditures | 9,250,867.85 | 12,907,081.73 | | | Other profit or loss satisfying the
definition of non-recurring profit or
loss | 287,171.90 | 287,171.90 | | | Less: Enterprise income tax affected | 6,006,538.89 | 13,838,181.38 | | | Non-controlling interest (after
tax) | 11,916,489.51 | 24,967,748.48 | | | Total | 12,688,065.39 | 26,404,825.97 | |
Remarks on defining items not listed in “Interpretation Pronouncement on Information Disclosure Criteria for Public Companies No. 1 – Non-Recurring Profit or Loss” as non-recurring profit or loss
with significant amount and remarks on defining non-recurring profit or loss listed in the “Interpretation Pronouncement on Information Disclosure Criteria for Public Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss. □Applicable √N/A
(III) The conditions and reason of change for major accounting data and financial indicators □Applicable √N/A
II. Main operating conditions during the reporting period
(I) Main operating conditions
For the first three quarters of 2024, the Company achieved sales volume of 26,570 KHL, which increased by 0.20% over the same period of last year’s volume of 26,517 KHL. Revenue was RMB 13.063 billion, which increased by 0.26% over the same period of last year’s revenue of RMB 13.029 billion. The net profit attributable to shareholders of the Company was RMB 1,332 million, which decreased by 0.90% over the same period of last year’s base of RMB 1,344 million. The net profit attributable to shareholders of the Company after deducting non-recurring profit or loss was
RMB 1,306 million, with a decrease of 1.61% over the same period of last year’s base of RMB 1,327 million.
(II) Revenue by product grade
Unit: yuan Currency: RMB
| Product grade | For the three quarters ended
September 30, 2024
Main business revenue | For the three quarters ended
September 30, 2023
Main business revenue | YoY Variance
(%) | | Premium | 7,625,256,387.01 | 7,721,354,158.07 | -1.24 | | Mainstream | 4,764,380,222.36 | 4,762,825,837.76 | 0.03 | | Economic | 318,079,038.10 | 276,978,483.55 | 14.84 | | Total | 12,707,715,647.47 | 12,761,158,479.38 | -0.42 |
Note: 1. The Company classifies its products into three grades based on consumption price, i.e, premium (priced at RMB 8 yuan and above), mainstream (priced between RMB 4-8 yuan, excluding 8 yuan), and economic (priced below RMB 4 yuan).
(III) Revenue by marketing channel
Unit: yuan Currency: RMB
| Channel type | For the three quarters ended
September 30, 2024
Main business revenue | For the three quarters ended
September 30, 2023
Main business revenue | YoY Variance
(%) | | Wholesale | 12,676,043,869.63 | 12,729,364,124.06 | -0.42 |
(IV) Revenue by region
Unit: yuan Currency: RMB
| Region | For the three quarters ended
September 30, 2024
Main business revenue | For the three quarters ended
September 30, 2023
Main business revenue | YoY Variance
(%) | | North-West | 3,672,983,082.82 | 3,767,337,710.92 | -2.50 | | Central | 5,349,278,698.80 | 5,349,507,527.31 | 0.00 | | South | 3,685,453,865.85 | 3,644,313,241.15 | 1.13 | | Total | 12,707,715,647.47 | 12,761,158,479.38 | -0.42 |
Note: The administration area of the company is divided into three regions: North-West region, Central region and South region.
(V) Distributors
For the quarter ended September 30, 2024, the number of distributors for the company increased by 176 and decreased by 164, with a total of distributors 3,000 at the end of the reporting
period, which was increased by 12 from June 30, 2024.
III. Shareholders
(I) Total number of ordinary shareholders, number of preferred shareholders with resumed voting power and shareholding of top 10 shareholders
Unit: share
| Total number of ordinary
shareholders at the end of
the reporting period | 53,613 | Total number of preferred
shareholders with resumed voting
power at the end of the reporting
period (if any) | N/A | | | | | Shareholdings of top 10 shareholders (excluding refinancing shares lent) | | | | | | | | Name of shareholder | Nature of
shareholder | Number of
shares held | Shareholding
(%) | Number of
restricted
shares held | Pledge, marking
or freezing | | | | | | | | Share
status | Amount | | Carlsberg Brewery Hong
Kong Limited | Overseas
legal person | 205,882,718 | 42.54 | 0 | None | | | CARLSBERG
CHONGQING LIMITED | Overseas
legal person | 84,500,000 | 17.46 | 0 | None | | | Hong Kong Securities
Clearing Co., Ltd. | Overseas
legal person | 32,805,723 | 6.78 | 0 | Unknown | | | Industrial and Commercial
Bank of China Limited -
Huatai-PineBridge CSI 300
ETF | Other | 3,942,413 | 0.81 | 0 | Unknown | | | China Construction Bank
Corporation - PENGHUA
CSI ALCOHOL ETF | Other | 3,640,287 | 0.75 | 0 | Unknown | | | New China Life Insurance
Co., Ltd. - Traditional-
General Insurance Product
－ 018L－CT001 Shanghai | Other | 3,577,351 | 0.74 | 0 | Unknown | | | New China Life Insurance
Co., Ltd. - Dividends－
Personal Dividends－018L
－FH002 Shanghai | Other | 3,534,215 | 0.73 | 0 | Unknown | | | One-one-zero portfolio of
National Social Security
Fund | Other | 3,241,838 | 0.67 | 0 | Unknown | | | China Construction Bank
Corporation - E Fund CSI
300 ETF | Other | 3,026,710 | 0.63 | 0 | Unknown | | | Industrial and Commercial
Bank of China Co., Ltd.-
Baoying Quality Selection
Hybrid Securities
Investment Fund | Other | 3,000,000 | 0.62 | 0 | Unknown | | | Shareholdings of top 10 unrestricted shareholders (excluding refinancing shares lent) | | | | | | | | Name of shareholder | Number of outstanding unrestricted
shares held | Share category and
quantity | | | | | | | | Share
category | Amount | | | | | Carlsberg Brewery Hong
Kong Limited | 205,882,718 | RMB
ordinary
shares | 205,882,718 | | | | | CARLSBERG
CHONGQING LIMITED | 84,500,000 | RMB
ordinary
shares | 84,500,000 | | | | | Hong Kong Securities
Clearing Co., Ltd. | 32,805,723 | RMB
ordinary
shares | 32,805,723 | | | | | Industrial and Commercial
Bank of China Limited -
Huatai-PineBridge CSI 300
ETF | 3,942,413 | RMB
ordinary
shares | 3,942,413 | | | | | China Construction Bank
Corporation - PENGHUA
CSI ALCOHOL ETF | 3,640,287 | RMB
ordinary
shares | 3,640,287 | | | | | New China Life Insurance
Co., Ltd. - Traditional-
General Insurance Product
－ 018L－CT001 Shanghai | 3,577,351 | RMB
ordinary
shares | 3,577,351 | | | | | New China Life Insurance
Co., Ltd. - Dividends－
Personal Dividends－018L
－FH002 Shanghai | 3,534,215 | RMB
ordinary
shares | 3,534,215 | | | | | One-one-zero portfolio of
National Social Security
Fund | 3,241,838 | RMB
ordinary
shares | 3,241,838 | | | | | China Construction Bank
Corporation - E Fund CSI
300 ETF | 3,026,710 | RMB
ordinary
shares | 3,026,710 | | | |
| Industrial and Commercial
Bank of China Co., Ltd.-
Baoying Quality Selection
Hybrid Securities
Investment Fund | 3,000,000 | RMB
ordinary
shares | 3,000,000 | | Remarks on related-party
relationships among the
aforesaid shareholders or
actions in concert | Among the top 10 unrestricted shareholders, CARLSBERG
CHONGQING LIMITED and Carlsberg Brewery Hong Kong Limited
are both controlled by Carlsberg Breweries A/S. It is unknown whether
the other shareholders are related to each other and whether the other
shareholders are acting in concert. | | |
Refinancing shares lent by shareholders holding more than 5% shares, the top 10 shareholders and the top 10 unrestricted public shareholders
√ Applicable □ N/A
Unit: share
| Refinancing shares lent by shareholders holding more than 5% shares, the top 10 shareholders and the top 10
unrestricted public shareholders | | | | | | | | | | Name of shareholder
(full name) | Beginning shareholding
of ordinary accounts and
credit accounts | | Beginning refinancing
shares lent and not yet
returned | | Ending shareholding
of ordinary accounts
and credit accounts | | Ending refinancing
shares lent and not
yet returned | | | | Quantity
Total | Percentage
(%) | Quantity
Total | Percentage
(%) | Quantity
Total | Percentage
(%) | Quantity
Total | Percentage
(%) | | Industrial and
Commercial Bank of
China Limited - Huatai-
PineBridge CSI 300
ETF | 2,630,413 | 0.54 | 2,200 | 0.001 | 3,942,413 | 0.81 | 0 | 0 | | China Construction
Bank Corporation -
PENGHUA CSI
ALCOHOL ETF | 3,130,552 | 0.65 | 301,400 | 0.06 | 3,640,287 | 0.75 | 0 | 0 | | China Construction
Bank Corporation - E
Fund CSI 300 ETF | 1,873,800 | 0.39 | 15,300 | 0.003 | 3,026,710 | 0.63 | 0 | 0 |
Changes in the top 10 shareholders and the top 10 unrestricted public shareholders due to refinancing lending/restitution compared with the previous period □Applicable √N/A
IV. Other reminders
Other important information about the company’s operations during the reporting period that investors should be reminded of.
□Applicable √N/A
V. Quarterly Financial Statements
(I) Audit Opinion
□Applicable √N/A
(II) Financial Statements
Consolidated Balance Sheet
As of September 30, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Unit: yuan Currency: RMB Audit type: Unaudited
| Items | September 30, 2024 | December 31, 2023 | | Current assets: | | | | Cash and bank balances | 3,238,127,138.33 | 2,712,720,235.65 | | Settlement funds | | | | Loans to other banks | | | | Held-for-trading financial assets | 501,245,890.41 | 360,202,000.00 | | Derivative financial assets | 34,123,684.48 | 14,392,732.78 | | Notes receivable | | | | Accounts receivable | 156,019,471.02 | 64,628,136.06 | | Receivables financing | | | | Advances paid | 25,602,683.38 | 41,831,987.46 | | Premiums receivable | | | | Reinsurance accounts receivable | | | | Reinsurance reserve receivable | | | | Other receivables | 23,801,945.76 | 23,987,973.67 | | Including: Interest receivable | | | | Dividend receivable | | | | Financial assets under reverse repo | | | | Inventories | 1,636,747,785.39 | 2,100,354,952.29 | | Including: Data resources | | | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within one
year | | | | Other current assets | 138,756,967.64 | 146,488,217.09 | | Total current assets | 5,754,425,566.41 | 5,464,606,235.00 | | Non-current assets: | | | | Loans and advances | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | | | | Long-term equity investments | 198,000,693.40 | 140,608,195.59 | | Other equity instrument investments | 17,156,286.50 | 16,625,962.83 | | Items | September 30, 2024 | December 31, 2023 | | Other non-current financial assets | | | | Investment property | | | | Fixed assets | 4,786,573,480.68 | 3,673,993,109.60 | | Construction in progress | 195,049,890.22 | 783,503,734.86 | | Productive biological assets | | | | Oil & gas assets | | | | Right-of-use assets | 135,264,028.22 | 153,497,044.09 | | Intangible assets | 652,527,528.46 | 677,053,982.74 | | Including: Data resources | | | | Development expenditures | | | | Including: Data resources | | | | Goodwill | 699,192,456.06 | 699,192,456.06 | | Long-term prepayments | | | | Deferred tax assets | 712,403,590.69 | 679,012,008.03 | | Other non-current assets | 126,710.86 | 98,818,865.15 | | Total non-current assets | 7,396,294,665.09 | 6,922,305,358.95 | | Total assets | 13,150,720,231.50 | 12,386,911,593.95 | | Current liabilities: | | | | Short-term borrowings | | | | Central bank loans | | | | Loans from other banks | | | | Held-for-trading financial liabilities | | | | Derivative financial liabilities | | 15,408,026.80 | | Notes payable | | | | Accounts payable | 3,383,117,867.18 | 2,607,629,899.17 | | Advances received | | | | Contract liabilities | 1,611,282,973.24 | 1,666,791,670.83 | | Financial liabilities under repo | | | | Absorbing deposit and interbank
deposit | | | | Deposit for agency security
transaction | | | | Deposit for agency security
underwriting | | | | Employee benefits payable | 349,171,681.87 | 409,937,660.39 | | Taxes and rates payable | 373,820,204.11 | 86,479,764.60 | | Other payables | 2,506,044,987.10 | 3,326,996,153.10 | | Including: Interest payable | | | | Dividend payable | | | | Handling fee and commission
payable | | | | Reinsurance accounts payable | | | | Liabilities held for sale | | | | Items | September 30, 2024 | December 31, 2023 | | Non-current liabilities due within
one year | 40,331,196.42 | 42,382,811.96 | | Other current liabilities | 14,024,457.87 | 26,113,341.32 | | Total current liabilities | 8,277,793,367.79 | 8,181,739,328.17 | | Non-current liabilities: | | | | Insurance policy reserve | | | | Long-term borrowings | | | | Bonds payable | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 107,091,188.09 | 121,370,635.09 | | Long-term payables | | | | Long-term employee benefits payable | 148,026,952.36 | 150,981,389.59 | | Provisions | 24,784,152.29 | 25,219,093.79 | | Deferred income | 225,215,447.18 | 247,646,473.34 | | Deferred tax liabilities | 6,830,396.66 | 7,806,126.04 | | Other non-current liabilities | | | | Total non-current liabilities | 511,948,136.58 | 553,023,717.85 | | Total liabilities | 8,789,741,504.37 | 8,734,763,046.02 | | Equity: | | | | Share capital | 483,971,198.00 | 483,971,198.00 | | Other equity instruments | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 21,376,252.00 | 16,022,535.00 | | Less: Treasury shares | | | | Other comprehensive income | -2,459,119.36 | -16,085,442.20 | | Special reserve | | | | Surplus reserve | 241,985,599.00 | 241,985,599.00 | | General risk reserve | | | | Undistributed profit | 1,391,156,098.66 | 1,414,306,729.77 | | Total equity attributable to the
parent company | 2,136,030,028.30 | 2,140,200,619.57 | | Non-controlling interest | 2,224,948,698.83 | 1,511,947,928.36 | | Total equity | 4,360,978,727.13 | 3,652,148,547.93 | | Total liabilities & equity | 13,150,720,231.50 | 12,386,911,593.95 |
Legal representative: Jo?o Miguel Ventura Rego Abecasis
Officer in charge of accounting: Chin Wee Hua
Head of accounting department: Liping Liu
Consolidated Income Statement
For the Three Quarters Ended September 30, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Unit: yuan Currency: RMB Audit type: Unaudited
| Items | For the three quarters
ended September 30,
2024 | For the three quarters
ended September 30,
2023 | | I. Total operating revenue | 13,062,996,755.34 | 13,028,681,199.38 | | Including: Operating revenue | 13,062,996,755.34 | 13,028,681,199.38 | | Interest income | | | | Premiums earned | | | | Revenue from handling charges
and commission | | | | II. Total operating cost | 9,833,537,105.39 | 9,722,652,274.27 | | Including: Operating cost | 6,635,809,947.00 | 6,619,347,583.95 | | Interest expenses | | | | Handling charges and commission
expenditures | | | | Surrender value | | | | Net payment of insurance claims | | | | Net provision of insurance policy
reserve | | | | Premium bonus expenditures | | | | Reinsurance expenses | | | | Taxes and surcharges | 832,648,589.06 | 827,451,760.22 | | Selling expenses | 1,968,554,933.38 | 1,941,461,094.31 | | Administrative expenses | 404,430,989.34 | 367,928,294.34 | | R&D expenses | 16,013,138.98 | 13,349,414.97 | | Financial expenses | -23,920,492.37 | -46,885,873.52 | | Including: Interest expenses | 5,380,623.23 | 3,453,072.62 | | Interest income | 33,313,114.09 | 54,414,874.17 | | Add: Other income | 41,914,754.77 | 39,522,652.39 | | Investment income (or less: losses) | 69,037,837.98 | 63,128,833.64 | | Including: Investment income from
associates and joint ventures | 57,392,497.81 | 60,797,041.80 | | Gains from derecognition of
financial assets at amortized cost | | | | Gains on foreign exchange (or less:
losses) | | | | Gains on net exposure to hedging
risk (or less: losses) | | | | Gains on changes in fair value (or
less: losses) | 1,245,890.41 | 170,000.00 | | Credit impairment loss | -7,438,203.02 | -4,325,186.51 | | Items | For the three quarters
ended September 30,
2024 | For the three quarters
ended September 30,
2023 | | Assets impairment loss | -31,874,043.29 | -37,070,931.38 | | Gains on asset disposal (or less:
losses) | 1,566,720.61 | -553,378.44 | | III. Operating profit (or less: losses) | 3,303,912,607.41 | 3,366,900,914.81 | | Add: Non-operating revenue | 15,378,689.36 | 4,504,807.87 | | Less: Non-operating expenditures | 4,898,142.74 | 2,698,594.21 | | IV. Profit before tax (or less: total loss) | 3,314,393,154.03 | 3,368,707,128.47 | | Less: Income tax expenses | 647,787,850.61 | 659,736,629.17 | | V. Net profit (or less: net loss) | 2,666,605,303.42 | 2,708,970,499.30 | | (I) Categorized by the continuity of operations | | | | 1. Net profit from continuing
operations (or less: net loss) | 2,666,607,311.93 | 2,708,963,284.50 | | 2. Net profit from discontinued
operations (or less: net loss) | -2,008.51 | 7,214.80 | | (II) Categorized by the portion of equity ownership | | | | 1. Net profit attributable to owners
of parent company (or less: net loss) | 1,331,968,723.29 | 1,344,089,296.32 | | 2. Net profit attributable to non-
controlling shareholders (or less:
net loss) | 1,334,636,580.13 | 1,364,881,202.98 | | VI. Other comprehensive income after
tax | 26,510,560.60 | -8,544,380.97 | | (I) Items attributable to the owners of
the parent company | 13,626,322.84 | -4,386,299.89 | | 1.Not to be reclassified subsequently to
profit or loss | 204,519.32 | 492,505.48 | | (1) Remeasurements of the net
defined benefit plan | | | | (2) Items under equity method that
will not be reclassified to profit or
loss | | | | (3) Changes in fair value of other
equity instrument investments | 204,519.32 | 492,505.48 | | (4) Changes in fair value of own
credit risk | | | | 2. To be reclassified subsequently to
profit or loss | 13,421,803.52 | -4,878,805.37 | | (1) Items under equity method that
may be reclassified to profit or loss | | | | (2) Changes in fair value of other
debt investments | | | | Items | For the three quarters
ended September 30,
2024 | For the three quarters
ended September 30,
2023 | | (3) Profit or loss from
reclassification of financial assets
into other comprehensive income | | | | (4) Provision for credit impairment
of other debt investments | | | | (5) Cash flow hedging reserve | 13,421,803.52 | -4,878,805.37 | | (6) Translation reserve | | | | (7) Others | | | | (II) Items attributable to non-
controlling shareholders | 12,884,237.76 | -4,158,081.08 | | VII. Total comprehensive income | 2,693,115,864.02 | 2,700,426,118.33 | | (I) Items attributable to the owners
of the parent company | 1,345,595,046.13 | 1,339,702,996.43 | | (II) Items attributable to non-
controlling shareholders | 1,347,520,817.89 | 1,360,723,121.90 | | VIII. Earnings per share (EPS): | | | | (I) Basic EPS (yuan per share) | 2.75 | 2.78 | | (II) Diluted EPS (yuan per share) | 2.75 | 2.78 |
Legal representative: Jo?o Miguel Ventura Rego Abecasis （未完）
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