[一季报]重庆啤酒(600132):重庆啤酒股份有限公司2024年第一季度报告（英文版）
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时间：2024年04月30日 16:31:25 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年第一季度报告（英文版）
Stock Code: 600132 Stock Abbreviation: Chongqing Brewery
CHONGQING BREWERY CO., LTD.
Q1 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 Q1 financial statements are audited
□Yes √No
I. Key Financial Information
(I) Major accounting data and financial indicators
Monetary unit: RMB
| Item | For the quarter ended
March 31, 2024
(“the reporting period”) | Rate of change (%) | | | Operating revenue | 4,292,542,727.03 | 7.16 | | | Net profit attributable to shareholders
of the Company | 451,938,986.11 | 16.78 | | | Net profit attributable to
shareholders of the Company
excluding non-recurring gains and
losses | 445,935,567.05 | 16.91 | | | Net cash flows from operating
activities | 1,080,755,377.22 | 26.76 | | | Basic earnings per share | 0.93 | 16.78 | | | Diluted earnings per share | 0.93 | 16.78 | | | Weighted average return on equity (%) | 19.10 | Increased by 1.90 p.p. | | | | As of March 31, 2024 | As of December 31, 2023 | Rate of
change (%) | | Total assets | 13,032,283,189.31 | 12,386,911,593.95 | 5.21 | | Net assets attributable
to shareholders of the
Company | 2,592,041,432.60 | 2,140,200,619.57 | 21.11 |
(II) Non-recurring gains and losses
√ Applicable □ Not applicable
Monetary unit: RMB
| Items | For the quarter ended March 31, 2024 | Remarks | | Gains or losses on disposal of non-
current assets, including write-off of
provision for impairment | -773,609.11 | | | Government grants included in gains
or losses (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) | 10,677,872.49 | | | Gains or losses on changes in fair
value of held-for-trading financial
assets, derivative financial assets, held-
for-trading financial liabilities and
derivative financial liabilities, and
investment income from disposal of
held-for-trading financial assets,
derivative financial assets, held-for-
trading financial liabilities, derivative
financial liabilities and other debt
investments, excluding those arising
from hedging business related to
operating activities | 3,702,877.36 | | | Other non-operating revenue or
expenditures | 1,540,982.50 | | | Less: Enterprise income tax affected | 3,345,783.19 | | | Effect on non-controlling interest
(after tax) | 5,798,920.99 | | | Total | 6,003,419.06 | |
Note: Effect on non-recurring gains or losses for the quarter ended March 31, 2023 due to implementation of “Interpretation Pronouncement on Information Disclosure Criteria for Public Companies No. 1 – Non-Recurring Gains or Losses (2023 Edition)”
| Items | Amount | | Net non-recurring gains or losses attributable to the owner of the
parent company for the quarter ended March 31, 2023 | 5,578,384.97 | | Net non-recurring gains or losses attributable to the owner of the
parent company calculated based on the “Interpretation
Pronouncement on Information Disclosure Criteria for Public | 4,769,948.68 | | Companies No. 1 – Non-Recurring Gains or Losses (2023
Edition)” for the quarter ended March 31, 2023 | | | Difference | 808,436.29 |
Explain the reasons if the Company classifies an item as a recurring gain/loss item, which is enumerated as a non-recurring gain/loss in the “Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-Recurring Gains and Losses”:
□ Applicable √ Not applicable
(III) The conditions and reason of change for major accounting data and financial indicators □ Applicable √ Not applicable
II. Main Operating Conditions During the Reporting Period
(I) Main operating conditions
For the quarter ended March 31, 2024, the Company sold 0.8668 million kiloliters of beer, an increase of 5.25% compared with 0.8236 million kiloliters over the same period of last year. The operating revenue was RMB4.293 billion yuan, an increase of 7.16% compared with RMB4.006 billion yuan over the same period of last year. Net profit attributable to shareholders of the Company
for the first quarter of 2024 amounted to RMB0.452 billion yuan, an increase of 16.78% compared with RMB0.387 billion yuan over the same period of last year. Net profit attributable to shareholders
of the Company excluding non-recurring profit or loss amounted to RMB0.446 billion yuan, an increase of 16.91% compared with RMB0.381 billion yuan over the same period of last year.
(II) Revenue by product grade
Monetary unit: RMB
| Product grade | For the quarter ended
March 31, 2024
Main business revenue | For the quarter ended
March 31, 2023
Main business revenue | YoY (%) | Proportion
(%) | | Premium | 2,571,724,307.81 | 2,375,111,079.58 | 8.28 | 61.56 | | Mainstream | 1,520,025,140.42 | 1,467,699,634.28 | 3.57 | 36.38 | | Economy | 86,077,755.11 | 76,590,127.63 | 12.39 | 2.06 | | Total | 4,177,827,203.34 | 3,919,400,841.49 | 6.59 | 100 |
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 economy (priced below RMB 4 yuan).
2. During the reporting period, the sales volume of economy beer increased by 1.69%, corresponding to a revenue increase of 12.39%.
(III) Revenue by marketing channel
Monetary unit: RMB
| Channel type | For the quarter ended
March 31, 2024
Main business revenue | For the quarter ended
March 31, 2023
Main business revenue | YoY (%) | | Wholesale | 4,170,312,573.17 | 3,910,238,281.65 | 6.65 |
(IV) Revenue by region
Monetary unit: RMB
| Region | For the quarter ended
March 31, 2024
Main business revenue | For the quarter ended
March 31, 2023
Main business revenue | YoY (%) | | North-West | 1,159,973,539.97 | 1,123,709,182.58 | 3.23 | | Central | 1,808,706,339.07 | 1,689,603,165.52 | 7.05 | | South | 1,209,147,324.30 | 1,106,088,493.39 | 9.32 | | Total | 4,177,827,203.34 | 3,919,400,841.49 | 6.59 |
Note: The administration area of the company is divided into three regions: North-West region, Central region and Southern region.
(V) Dealers
For the quarter ended March 31, 2024, the company added 199 dealers and reduced 299 dealers, with a total of 2,969 dealers at the end of the reporting period and a decrease of 100 compared to December 31, 2023.
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 | 56,669 | 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 | 28,908,106 | 5.97 | 0 | Unknown | | | One-one-zero portfolio of
National Social Security
Fund | Others | 2,692,138 | 0.56 | 0 | Unknown | | | China Life Insurance
Company Limited -
Traditional-General
Insurance Product－
005L－CT001 Shanghai | Others | 2,543,606 | 0.53 | 0 | Unknown | | | China Construction Bank
Corporation - PENGHUA
CSI LIQUOR ETF | Others | 2,537,652 | 0.52 | 0 | Unknown | | | Industrial and
Commercial Bank of
China Limited - Huatai-
PineBridge CSI 300 ETF | Others | 2,477,213 | 0.51 | 0 | Unknown | | | New China Life
Insurance Company Ltd.
- Traditional-General
Insurance Product－
018L－CT001 Shanghai | Others | 2,277,351 | 0.47 | 0 | Unknown | | | Bank of Korea - Self-
owned Fund | Others | 2,056,500 | 0.42 | 0 | Unknown | | | China Construction Bank
Corporation - E Fund CSI
300 ETF | Others | 1,800,000 | 0.37 | 0 | Unknown | | | Shareholdings of top 10 unrestricted shareholders | | | | | | | | 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. | 28,908,106 | RMB
ordinary
shares | 28,908,106 | | | | | One-one-zero portfolio of
National Social Security
Fund | 2,692,138 | RMB
ordinary
shares | 2,692,138 | | | |
| China Life Insurance
Company Limited -
Traditional-General
Insurance Product－
005L－CT001 Shanghai | 2,543,606 | RMB
ordinary
shares | 2,543,606 | | China Construction Bank
Corporation - PENGHUA
CSI LIQUOR ETF | 2,537,652 | RMB
ordinary
shares | 2,537,652 | | Industrial and
Commercial Bank of
China Limited - Huatai-
PineBridge CSI 300 ETF | 2,477,213 | RMB
ordinary
shares | 2,477,213 | | New China Life
Insurance Company Ltd.
- Traditional-General
Insurance Product－
018L－CT001 Shanghai | 2,277,351 | RMB
ordinary
shares | 2,277,351 | | Bank of Korea - Self-
owned Fund | 2,056,500 | RMB
ordinary
shares | 2,056,500 | | China Construction Bank
Corporation - E Fund CSI
300 ETF | 1,800,000 | RMB
ordinary
shares | 1,800,000 | | 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 □ Not applicable
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
(%) | | China Construction
Bank Corporation -
PENGHUA CSI
LIQUOR ETF | 2,957,302 | 0.61 | 621,400 | 0.13 | 2,537,652 | 0.52 | 490,700 | 0.10 | | Industrial and
Commercial Bank of | 1,678,213 | 0.35 | 33,400 | 0.01 | 2,477,213 | 0.51 | 2,200 | 0.001 | | China Limited - Huatai-
PineBridge CSI 300
ETF | | | | | | | | | | China Construction
Bank Corporation - E
Fund CSI 300 ETF | 636,500 | 0.13 | 9,800 | 0.002 | 1,800,000 | 0.37 | 23,100 | 0.005 |
Changes in the top 10 shareholders and the top 10 unrestricted public shareholders due to refinancing lending/restitution compared with the previous period √ Applicable □ Not applicable
Unit: share
| Changes in the top 10 shareholders and the top 10 unrestricted public shareholders due to
refinancing lending/restitution compared with the previous period | | | | | | | Name of
shareholder
(full name) | New/exiting
shareholder
during the
period | Number of refinancing shares
lent and not yet returned at
the end of the period | | Number of shares held by ordinary
accounts/credit accounts and
refinancing shares lent and not yet
returned at the end of the period | | | | | Aggregate | Percentage
(%) | Aggregate | Percentage
(%) | | China
Construction
Bank
Corporation - E
Fund CSI 300
ETF | New | 23,100 | 0.005 | 1,823,100 | 0.38 |
IV. Other Reminders
Other important information about the company’s operations during the reporting period that investors should be reminded of.
□ Applicable √ Not applicable
V. Quarterly Financial Statements
(I) Audit Opinion
□ Applicable √ Not applicable
(II) Financial Statements
Consolidated Balance Sheet
As of March 31, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Monetary unit: RMB Audit type: Unaudited
| Items | March 31, 2024 | December 31, 2023 | | Current assets: | | | | Cash and bank balances | 2,945,120,807.44 | 2,712,720,235.65 | | Settlement funds | | | | Loans to other banks | | | | Held-for-trading financial assets | 901,642,500.00 | 360,202,000.00 | | Derivative financial assets | 8,084,911.58 | 14,392,732.78 | | Notes receivable | | | | Accounts receivable | 105,297,741.70 | 64,628,136.06 | | Receivables financing | | | | Advances paid | 38,567,359.12 | 41,831,987.46 | | Premiums receivable | | | | Reinsurance accounts receivable | | | | Reinsurance reserve receivable | | | | Other receivables | 26,427,132.86 | 23,987,973.67 | | Including: Interest receivable | | | | Dividend receivable | | | | Financial assets under reverse repo | | | | Inventories | 1,790,897,384.57 | 2,100,354,952.29 | | Including: Data resources | | | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within one
year | | | | Other current assets | 113,406,979.20 | 146,488,217.09 | | Total current assets | 5,929,444,816.47 | 5,464,606,235.00 | | Non-current assets: | | | | Loans and advances | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | | | | Long-term equity investments | 153,847,165.71 | 140,608,195.59 | | Other equity instrument investments | 17,156,286.50 | 16,625,962.83 | | Items | March 31, 2024 | December 31, 2023 | | Other non-current financial assets | | | | Investment property | | | | Fixed assets | 3,579,055,632.67 | 3,673,993,109.60 | | Construction in progress | 1,152,431,743.67 | 783,503,734.86 | | Productive biological assets | | | | Oil & gas assets | | | | Right-of-use assets | 148,726,917.00 | 153,497,044.09 | | Intangible assets | 663,312,448.18 | 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 | 687,152,449.61 | 679,012,008.03 | | Other non-current assets | 1,963,273.44 | 98,818,865.15 | | Total non-current assets | 7,102,838,372.84 | 6,922,305,358.95 | | Total assets | 13,032,283,189.31 | 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 | 15,759,347.35 | 15,408,026.80 | | Notes payable | | | | Accounts payable | 2,796,768,259.25 | 2,607,629,899.17 | | Advances received | | | | Contract liabilities | 1,677,390,760.57 | 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 | 390,544,456.21 | 409,937,660.39 | | Taxes and rates payable | 377,941,631.51 | 86,479,764.60 | | Other payables | 2,628,258,819.92 | 3,326,996,153.10 | | Including: Interest payable | | | | Dividend payable | | | | Handling fee and commission
payable | | | | Reinsurance accounts payable | | | | Liabilities held for sale | | | | Items | March 31, 2024 | December 31, 2023 | | Non-current liabilities due within
one year | 41,548,353.97 | 42,382,811.96 | | Other current liabilities | 14,369,907.85 | 26,113,341.32 | | Total current liabilities | 7,942,581,536.63 | 8,181,739,328.17 | | Non-current liabilities: | | | | Insurance policy reserve | | | | Long-term borrowings | | | | Bonds payable | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 118,772,715.51 | 121,370,635.09 | | Long-term payables | | | | Long-term employee benefits payable | 149,436,720.63 | 150,981,389.59 | | Provisions | 25,161,793.79 | 25,219,093.79 | | Deferred income | 240,171,640.72 | 247,646,473.34 | | Deferred tax liabilities | 7,480,882.91 | 7,806,126.04 | | Other non-current liabilities | | | | Total non-current liabilities | 541,023,753.56 | 553,023,717.85 | | Total liabilities | 8,483,605,290.19 | 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 | 18,403,177.00 | 16,022,535.00 | | Less: Treasury shares | | | | Other comprehensive income | -18,564,257.28 | -16,085,442.20 | | Special reserve | | | | Surplus reserve | 241,985,599.00 | 241,985,599.00 | | General risk reserve | | | | Undistributed profit | 1,866,245,715.88 | 1,414,306,729.77 | | Total equity attributable to the
parent company | 2,592,041,432.60 | 2,140,200,619.57 | | Non-controlling interest | 1,956,636,466.52 | 1,511,947,928.36 | | Total equity | 4,548,677,899.12 | 3,652,148,547.93 | | Total liabilities & equity | 13,032,283,189.31 | 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 Quarter Ended March 31, 2024
Prepared by: Chongqing Brewery Co., Ltd.
Monetary unit: RMB Audit type: Unaudited
| Items | For the quarter ended
March 31, 2024 | For the quarter ended
March 31, 2023 | | I. Total operating revenue | 4,292,542,727.03 | 4,005,811,752.65 | | Including: Operating revenue | 4,292,542,727.03 | 4,005,811,752.65 | | Interest income | | | | Premiums earned | | | | Revenue from handling charges
and commission | | | | II. Total operating cost | 3,198,693,094.03 | 3,077,537,348.79 | | Including: Operating cost | 2,236,546,768.40 | 2,196,941,245.54 | | 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 | 267,727,272.93 | 249,505,309.99 | | Selling expenses | 563,572,398.53 | 518,695,636.80 | | Administrative expenses | 134,406,900.84 | 124,532,751.47 | | R&D expenses | 4,702,443.79 | 1,410,077.93 | | Financial expenses | -8,262,690.46 | -13,547,672.94 | | Including: Interest expenses | 1,841,440.12 | 1,176,188.15 | | Interest income | 11,320,886.70 | 15,718,979.95 | | Add: Other income | 12,321,234.89 | 13,834,104.44 | | Investment income (or less: losses) | 15,097,347.48 | 12,134,773.12 | | Including: Investment income from
associates and joint ventures | 13,238,970.12 | 12,134,773.12 | | 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) | 1,642,500.00 | | | Credit impairment loss | -2,629,954.53 | -654,041.53 | | Assets impairment loss | -14,628,345.68 | -3,945,698.26 | | Items | For the quarter ended
March 31, 2024 | For the quarter ended
March 31, 2023 | | Gains on asset disposal (or less:
losses) | 10,480.26 | -131,838.64 | | III. Operating profit (or less: losses) | 1,105,662,895.42 | 949,511,702.99 | | Add: Non-operating revenue | 1,592,794.49 | 409,955.74 | | Less: Non-operating expenditures | 835,901.36 | 454,704.77 | | IV. Profit before tax (or less: total loss) | 1,106,419,788.55 | 949,466,953.96 | | Less: Income tax expenses | 207,461,226.09 | 174,706,948.06 | | V. Net profit (or less: net loss) | 898,958,562.46 | 774,760,005.90 | | (I) Categorized by the continuity of operations | | | | 1. Net profit from continuing
operations (or less: net loss) | 898,959,658.91 | 774,752,253.19 | | 2. Net profit from discontinued
operations (or less: net loss) | -1,096.45 | 7,752.71 | | (II) Categorized by the portion of equity ownership | | | | 1. Net profit attributable to owners
of parent company (or less: net loss) | 451,938,986.11 | 387,009,759.80 | | 2. Net profit attributable to non-
controlling shareholders (or less:
net loss) | 447,019,576.35 | 387,750,246.10 | | VI. Other comprehensive income after
tax | -4,809,853.27 | 1,111,468.35 | | (I) Items attributable to the owners of
the parent company | -2,478,815.08 | 578,737.83 | | 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 | -2,683,334.40 | 86,232.35 | | (1) Items under equity method that
may be reclassified to profit or loss | | | | (2) Changes in fair value of other
debt investments | | | | (3) Profit or loss from
reclassification of financial assets
into other comprehensive income | | | | Items | For the quarter ended
March 31, 2024 | For the quarter ended
March 31, 2023 | | (4) Provision for credit impairment
of other debt investments | | | | (5) Cash flow hedging reserve | -2,683,334.40 | 86,232.35 | | (6) Translation reserve | | | | (7) Others | | | | (II) Items attributable to non-
controlling shareholders | -2,331,038.19 | 532,730.52 | | VII. Total comprehensive income | 894,148,709.19 | 775,871,474.25 | | (I) Items attributable to the owners
of the parent company | 449,460,171.03 | 387,588,497.63 | | (II) Items attributable to non-
controlling shareholders | 444,688,538.16 | 388,282,976.62 | | VIII. Earnings per share (EPS): | | | | (I) Basic EPS (yuan per share) | 0.93 | 0.80 | | (II) Diluted EPS (yuan per share) | 0.93 | 0.80 |
Legal representative: Jo?o Miguel Ventura Rego Abecasis （未完）
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