2018 年第三季度报告 公司代码：603589 公司简称：口子窖 安徽口子酒业股份有限公司 2018 年第三季度报告 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人徐进、主管会计工作负责人范博及会计机构负责人（会计主管人员）李伟保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2018 年第三季度报告 一、 重要提示 2.1 主要财务数据 3 / 20 单位：元币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 7,587,803,826.99 7,676,357,124.90 -1.15 归属于上市公司股东 的净资产 5,776 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,159,157,155.31, representing a 23.67% increase compared to CNY 1,745,909,826.24 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 733,315,043.90, a 39.45% increase from CNY 525,860,017.04 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 715,119,719.34, up 40.01% from CNY 510,766,338.28 year-on-year[19]. - The basic earnings per share increased to CNY 1.22, a rise of 38.64% compared to CNY 0.88 in the same period last year[20]. - The weighted average return on net assets was 13.64%, an increase of 1.85 percentage points from 11.79% in the previous year[21]. - Operating revenue increased due to the growth in sales and income from mid-to-high-end products[41]. - Operating costs rose by 12.69% to ¥552,957,198.24, primarily due to the optimization of product structure and increased sales of mid-to-high-end liquor[42]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 7,646,121,693.11, a slight decrease of 0.39% from CNY 7,676,357,124.90 at the end of the previous year[19]. - The company's net assets attributable to shareholders increased to CNY 5,368,049,276.90, reflecting a growth of 5.57% from CNY 5,084,734,233.00 at the end of the previous year[19]. - Total liabilities decreased to CNY 2,278,072,416.21 from CNY 2,591,622,891.90, a reduction of about 12.1%[104]. - The accounts payable increased to CNY 275,069,730.89 from CNY 242,558,631.03, showing an increase of approximately 13.4%[104]. Cash Flow - The net cash flow from operating activities was CNY 4,819,573.43, showing a significant decline of 98.32% compared to CNY 286,423,206.23 in the same period last year[19]. - The company reported a net cash outflow from investing activities of CNY 393,092,246.67, compared to a smaller outflow of CNY 40,570,846.50 in the same period last year[117]. - The company experienced a net decrease in cash and cash equivalents of CNY -291,076,863.62 during the period[120]. Market Position and Strategy - The company is a leading enterprise in the Anhui province's liquor industry, with strong market influence in surrounding provinces such as Jiangsu, Shandong, and Henan[28]. - The company continues to focus on the production and sales of its main product line, the Kouzi series of liquor, which remains a representative brand in the domestic market[24]. - The company has diversified its product offerings, developing high, medium, and low-end products to meet evolving consumer preferences[32]. - The company has implemented a sales model based on regional and product management, utilizing a network of capable distributors to enhance market penetration[27]. Environmental and Regulatory Compliance - The company has 5 pollution discharge outlets, including 3 for wastewater and 2 for exhaust gas, with a total wastewater discharge of 35.98 tons per year and a COD concentration of 163.6 mg/l[77]. - All environmental protection facilities are operating normally, and monitoring reports indicate that wastewater, exhaust gas, noise, dust, and air quality meet or exceed national standards[78]. - The company strictly complied with national regulations and fully paid consumption tax during the reporting period, but future stricter tax policies could adversely affect operational results[56]. Shareholder and Stock Information - The total number of shares is 600,000,000, with 51.08% being restricted shares and 48.92% being freely tradable shares[87]. - The largest shareholder, Xu Jin, held 109,568,568 shares, representing 35.8% of the total restricted shares[91]. - The company plans to increase its shareholding, with the purchase price not exceeding 110% of the latest audited net asset value per share[62]. - The company will complete the share repurchase within 30 trading days after the conditions for stabilizing the stock price are met[62]. Commitments and Risks - The company faces risks including market competition, food safety, and fluctuations in raw material prices, which could adversely affect future profitability[49][50][54]. - The company has committed to timely and accurate disclosure of information obligations[68]. - The company will take measures to minimize investor losses in case of unfulfilled commitments[68]. Corporate Governance - The company appointed Huapu Tianjian Accounting Firm as the financial audit institution for the year 2018, with a one-year term starting from May 18, 2018[71]. - There were no significant lawsuits or arbitration matters during the reporting period[71]. - The integrity status of the company and its controlling shareholders remained good during the reporting period[72]. Accounting Policies - The accounting policies comply with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[141]. - The company recognizes financial assets at fair value for each transaction prior to the merger date, with changes in fair value recorded in current profit or loss[157]. - The company uses the straight-line method for depreciation of fixed assets, with a depreciation period of 20 years for buildings and 5-10 years for machinery and transportation equipment[197].