Q3 Report of 2023 Stock Code: 600132 Stock Abbreviation: Chongqing Brewery Chongqing Brewery Co., Ltd. Q3 Report of 2023 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 Q3 Report of 2023 I. Key financial information (I) Major accounting data and financial indicators Unit: yuan Currency: RMB Item For the quarter ended September 30,2023 (“the reporting period”) For the quarter ended September 30, 2022 Rate of change (%) For the three quarters ended September 30,2023 For the three quarters ended September 30, 2022 Rate of change (%) Before retrospective adjustment After retrospective adjustment After retrospective adjustment Before retrospective adjustment After retrospective adjustment After retrospective adjustment Operating revenue 4,523,879,342.824,247,364,892.754,247,364,892.756.51% 13,028,681,199.3812,183,116,035.3012,183,116,035.306.94% Net profit attributable to shareholders of the Company 479,080,499.95454,728,429.61454,867,771.855.32% 1,344,089,296.321,182,303,204.391,182,418,780.7513.67% Net profit attributable to shareholders of the Company excluding non-recurring gains and losses 472,823,195.86445,285,432.32445,424,774.566.15% 1,326,981,171.321,161,030,910.611,161,146,486.9714.28% Net cash flows from operating activities —— —— —— —— 3,718,311,643.184,202,540,081.284,202,540,081.28 -11.52% Basic earnings per share 0.990.940.945.32% 2.782.442.4413.67% Q3 Report of 2023 Diluted earnings per share 0.990.940.945.32% 2.782.442.4413.67% Weighted average ROE (%) 25.2726.0826.09 Decreased by0.82 p.p. 61.9961.6761.68 Increased by 0.31 p.p. As of September 30,2023 As of December 31,2022 Rate of change (%) Before retrospective adjustment After retrospective adjustment After retrospective adjustment Total assets 14,049,739,569.5612,497,542,168.8312,497,582,459.1412.42% Net assets attributable to shareholders of the Company 2,140,727,533.542,056,155,782.632,056,176,499.914.11% Note: "The reporting period" refers to the quarter ended September 30,2023, the same below. The illustration of retrospective adjustment The Ministry of Finance issued the “Interpretation of China Accounting Standards for Business Enterprises No.16” (Cai Kuai [2022] No.31) (the “Interpretation No. 16”) on November 30,2022, and the regulations about accounting for deferred tax related to assets and liabilities arising from a single transaction to which the initial recognition exemption does not apply took effect since January 1,2023. For taxable and deductible temporary differences associated with lease liabilities and right-of-use assets arising from single transactions and presented at the beginning of the earliest comparative period due to the initial adoption of the Interpretation No.16, the Company adjusts them to retained earnings or other financial statement items at the beginning of the earliest comparative period presented in accordance with regulations in the Interpretation No.16 and the “Interpretation of China Accounting Standards for Business Enterprises No.18 – Income Tax”. Q3 Report of 2023 (II) Non-recurring gains and losses Unit: yuan Currency: RMB Items For the quarter ended September 30, 2023 For the three quarters ended September 30,2023 Remarks Gains or losses on disposal of non-current assets -943,356.19 -553,378.44 Government grants included in profit or loss (excluding those closely related to operating activities of the Company and continuously enjoyed with certain quantity/quota based on certain national standards) 15,003,212.7837,707,931.72 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 1,996,185.532,157,185.53 Reversals for impairment of receivables and contract assets based on impairment testing on an individual basis - 85,105.55 Other non-operating revenue or expenditures -192,075.891,806,213.66 Other profit or loss satisfying the definition of non-recurring profit or loss 350,618.422,159,327.10 Less: Enterprise income tax affected 3,839,093.509,461,547.37 Effect on non-controlling interest (after tax)） 6,118,187.0616,792,712.75 Total 6,257,304.0917,108,125.00 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 : □Applicable √N/A Q3 Report of 2023 (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 2023, the beer production of large-scale enterprises nationwide reached 29.933 million kiloliters, an increase of 2.1% compared with the same period last year. (Data sourced from the National Bureau of Statistics of China). For the first three quarters of 2023, the Company sold 2.6517 million kiloliters of beer, an increase of 4.95% compared with 2.5265 million kiloliters over the same period of last year. The operating revenue was RMB13.029 billion yuan, an increase of 6.94% compared with RMB12.183 billion yuan over the same period of last year. Net profit attributable to shareholders of the Company for the first three quarters of 2023 amounted to RMB1.344 billion yuan, an increase of 13.67% compared with RMB1.182 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 RMB1.327 billion yuan, an increase of 14.28% compared with RMB1.161 billion yuan over the same period of last year. (II) Revenue by product grade Unit: yuan Currency: RMB Product grade For the three quarters ended September 30,2023 Main business revenue For the three quarters ended September 30,2022 Main business revenue YoY (%) Premium 4,344,877,746.91 4,309,466,842.89 0.82 Mainstream 6,785,047,039.76 6,037,871,551.07 12.37 Economic 1,631,233,692.71 1,580,190,768.16 3.23 Total 12,761,158,479.3811,927,529,162.126.99 Note: The product grade of the company is divided by consumer price, i.e. premium product indicates consumer price of RMB 10 yuan and above, mainstream product indicates consumer price of RMB 6-10 yuan, and economic product indicates consumer price of RMB 6 yuan and below. (III) Revenue by marketing channel Unit: yuan Currency: RMB Channel type For the three quarters ended September 30,2023 Main business revenue For the three quarters ended September 30,2022 Main business revenue YoY (%) Wholesale 12,729,364,124.0611,875,522,372.857.19 (IV) Revenue by region Q3 Report of 2023 Unit: yuan Currency: RMB Region For the three quarters ended September 30,2023 Main business revenue For the three quarters ended September 30,2022 Main business revenue YoY (%) South 3,644,313,241.15 3,011,145,413.83 21.03 Central 5,349,507,527.31 5,144,323,769.30 3.99 North-West 3,767,337,710.92 3,772,059,978.99 -0.13 Total 12,761,158,479.38 11,927,529,162.126.99 Note: The administration area of the company is divided into three regions: Southern region, Central region and North-West region. (V) Dealers For the quarter ended September 30,2023, the company added 168 dealers and reduced 168 dealers, with a total of 2,965 dealers at the end of the reporting period, which was unchanged from June 30,2023. 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 52,784 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 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 205,882,71842.540 None Carlsberg Chongqing Limited Overseas legal person 84,500,00017.460 None Hong Kong Securities Clearing Co., Ltd. Overseas legal person 32,294,0276.670 Unknown Dajia Life Insurance Co., Ltd.－ all-purpose product Other 3,434,3740.710 Unknown China Construction Bank of China Co., Ltd. - Penghua China Securities Wine Trading Open Index Securities Investment Fund Other 2,892,4020.600 Unknown Q3 Report of 2023 China Life Insurance Co., Ltd. - traditional-general insurance product－ 005L－CT001 Shanghai Other 2,743,6060.570 Unknown One-one-zero portfolio of National Social Security Fund Other 2,174,5380.450 Unknown One-one-eight portfolio of National Social Security Fund Other 2,141,3680.440 Unknown China Merchants Bank Co., Ltd. - Hongde Ruize Hybrid Securities Investment Fund Other 1,929,1770.400 Unknown China Merchants Bank Co., Ltd. - Hongde Ruiyuan 3-Year Term Flexible Hybrid Securities Investment Fund Other 1,911,0020.390 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. 32,294,027 RMB ordinary shares 32,294,027 Dajia Life Insurance Co., Ltd.－ all-purpose product 3,434,374 RMB ordinary shares 3,434,374 China Construction Bank of China Co., Ltd. - Penghua China Securities Wine Trading Open Index Securities Investment Fund 2,892,402 RMB ordinary shares 2,892,402 China Life Insurance Co., Ltd. - traditional-general insurance product－ 005L－CT001 Shanghai 2,743,606 RMB ordinary shares 2,743,606 Q3 Report of 2023 One-one-zero portfolio of National Social Security Fund 2,174,538 RMB ordinary shares 2,174,538 One-one-eight portfolio of National Social Security Fund 2,141,368 RMB ordinary shares 2,141,368 China Merchants Bank Co., Ltd. - Hongde Ruize Hybrid Securities Investment Fund 1,929,177 RMB ordinary shares 1,929,177 China Merchants Bank Co., Ltd. - Hongde Ruiyuan 3-Year Term Flexible Hybrid Securities Investment Fund 1,911,002 RMB ordinary shares 1,911,002 Remarks on related-party relationships among the aforesaid shareholders or actions in concert Among the top ten unrestricted shareholders, Carlsberg Chongqing Limited and Carlsberg Brewery Hong Kong Limited are both controlled by Carlsberg Breweries A/S. China Merchants Bank Co., Ltd. - Hongde Ruize Hybrid Securities Investment Fund and China Merchants Bank Co., Ltd. - Hongde Ruiyuan 3-Year Term Flexible Hybrid Securities Investment Fund are both managed by Hongde Fund Management Co., Ltd. It is unknown whether the other shareholders are related to each other and whether the other shareholders are acting in concert. IV. Other reminders Other important information about the company’s operations during the reporting period that investors should be reminded of. √Applicable □N/A On September 26,2023, the 11th meeting of the 10th Board of Directors of the company reviewed and passed the "Proposal on the Related Party Transaction Regarding the Acquisition of 100% Equity in Beijing Capital Brewing Jinmai Trading Co., Ltd. and G-Shell Asia Pacific (Beijing) Food Co., Ltd.". On October 10,2023, Carlsberg Chongqing Brewery Co., Ltd., the controlling subsidiary of the Company, completed the acquisition of 100% equity of the two companies. The equity transfer has been registered with the competent market supervision and management department. Beijing Capital Brewing Jinmai Trading Co., Ltd. and G-Shell Asia Pacific (Beijing) Food Co., Ltd. have become controlling subsidiaries of the Company. Q3 Report of 2023 V. Quarterly Financial Statements (I) Audit Opinion □Applicable √N/A (II) Financial Statements Consolidated Balance Sheet As of September 30,2023 Prepared by: Chongqing Brewery Co., Ltd. Unit: yuan Currency: RMB Items September 30,2023 December 31,2022 Cash and bank balances 4,900,980,743.133,397,877,592.02 Settlement funds Loans to other banks Held-for-trading financial assets 360,170,000.00 Derivative financial assets 4,065,215.923,829,356.40 Notes receivable Accounts receivable 139,470,074.7965,511,539.08 Receivables financing Advances paid 32,618,290.3543,187,607.98 Premiums receivable Reinsurance accounts receivable Reinsurance reserve receivable Other receivables 240,739,715.2017,619,026.18 Including: Interest receivable Dividend receivable 218,285,820.47 Financial assets under reverse repo Inventories 1,615,753,078.372,166,477,563.20 Contract assets Assets held for sale Non-current assets due within one year Other current assets 51,497,523.93109,533,473.56 Total current assets 7,345,294,641.695,804,036,158.42 Loans and advances Debt investments Other debt investments Long-term receivables Long-term equity investments 139,111,102.38296,599,881.05 Other equity instrument investments 15,580,410.6214,303,331.73 Other non-current financial assets Investment property Fixed assets 3,631,275,694.573,680,691,105.17 Q3 Report of 2023 Items September 30,2023 December 31,2022 Construction in progress 548,949,865.58395,295,204.91 Productive biological assets Oil & gas assets Right-of-use assets 90,373,030.26100,306,926.11 Intangible assets 679,247,154.48685,169,039.95 Development expenditures Goodwill 699,192,456.06699,192,456.06 Long-term prepayments Deferred tax assets 741,490,056.76732,447,606.34 Other non-current assets 159,225,157.1689,540,749.40 Total non-current assets 6,704,444,927.876,693,546,300.72 Total assets 14,049,739,569.5612,497,582,459.14 Short-term borrowings Central bank loans Loans from other banks Held-for-trading financial liabilities Derivative financial liabilities 15,484,973.482,616,336.56 Notes payable Accounts payable 3,111,861,451.992,497,671,747.37 Advances received Contract liabilities 1,721,972,120.211,614,042,546.14 Financial liabilities under repo Absorbing deposit and interbank deposit Deposit for agency security transaction Deposit for agency security underwriting Employee benefits payable 384,386,840.33399,367,324.65 Taxes and rates payable 439,144,540.41255,387,461.35 Other payables 2,753,573,559.613,490,319,176.38 Including: Interest payable Dividend payable Handling fee and commission payable Reinsurance accounts payable Liabilities held for sale Non-current liabilities due within one year 23,520,834.2824,005,592.21 Other current liabilities 18,656,923.9127,809,237.78 Total current liabilities 8,468,601,244.228,311,219,422.44 Insurance policy reserve Long-term borrowings Q3 Report of 2023 Items September 30,2023 December 31,2022 Bonds payable Including: Preferred shares Perpetual bonds Lease liabilities 71,861,479.8577,928,597.87 Long-term payables Long-term employee benefits payable 150,783,121.68154,407,707.35 Provisions 31,426,902.2731,657,899.75 Deferred income 252,002,160.78256,611,695.14 Deferred tax liabilities 40,652,106.1142,694,067.15 Other non-current liabilities Total non-current liabilities 546,725,770.69563,299,967.26 Total liabilities 9,015,327,014.918,874,519,389.70 Share capital 483,971,198.00483,971,198.00 Other equity instruments Including: Preferred shares Perpetual bonds Capital reserve 10,901,252.007,728,100.00 Less: Treasury shares Other comprehensive income -17,929,220.42 -13,542,920.53 Special reserve Surplus reserve 241,985,599.00241,985,599.00 General risk reserve Undistributed profit 1,421,798,704.961,336,034,523.44 Total equity attributable to the parent company 2,140,727,533.542,056,176,499.91 Non-controlling interest 2,893,685,021.111,566,886,569.53 Total equity 5,034,412,554.653,623,063,069.44 Total liabilities & equity 14,049,739,569.5612,497,582,459.14 Legal representative: Joo Miguel Ventura Rego Abecasis Officer in charge of accounting: Chin Wee Hua Head of accounting department: Liping Liu Q3 Report of 2023 Consolidated Income Statement For the Three Quarters Ended September 30,2023 Unit: yuan Currency: RMB Items For the three quarters ended September 30, 2023 For the three quarters ended September 30, 2022 I. Total operating revenue 13,028,681,199.3812,183,116,035.30 Including: Operating revenue 13,028,681,199.3812,183,116,035.30 Interest income Premiums earned Revenue from handling charges and commission II. Total operating cost 9,722,652,274.279,186,568,273.13 Including: Operating cost 6,619,347,583.956,128,141,752.45 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 827,451,760.22795,568,292.48 Selling expenses 1,941,461,094.311,802,528,145.17 Administrative expenses 367,928,294.34411,196,490.46 R&D expenses 13,349,414.9787,077,060.83 Financial expenses -46,885,873.52 -37,943,468.26 Including: Interest expenses 3,453,072.622,360,716.32 Interest income 54,414,874.1744,833,105.62 Add: Other income 39,522,652.3937,213,616.24 Investment income (or less: losses) 63,128,833.6465,797,874.29 Including: Investment income from associates and joint ventures 60,797,041.8053,041,519.51 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) 170,000.00 Credit impairment loss -4,325,186.51 -996,135.41 Assets impairment loss -37,070,931.38 -13,810,748.07 Q3 Report of 2023 Items For the three quarters ended September 30, 2023 For the three quarters ended September 30, 2022 Gains on asset disposal (or less: losses) -553,378.442,779,047.60 III. Operating profit (or less: losses) 3,366,900,914.813,087,531,416.82 Add: Non-operating revenue 4,504,807.871,848,624.74 Less: Non-operating expenditures 2,698,594.212,332,658.71 IV. Profit before tax (or less: total loss) 3,368,707,128.473,087,047,382.85 Less: Income tax expenses 659,736,629.17685,621,632.65 V. Net profit (or less: net loss) 2,708,970,499.302,401,425,750.20 1. Net profit from continuing operations (or less: net loss) 2,708,963,284.502,400,067,232.90 2. Net profit from discontinued operations (or less: net loss) 7,214.801,358,517.30 1. Net profit attributable to owners of parent company (or less: net loss) 1,344,089,296.321,182,418,780.75 2. Net profit attributable to non-controlling shareholders (or less: net loss) 1,364,881,202.981,219,006,969.45 VI. Other comprehensive income after tax -8,544,380.97 -1,599,253.57 (I) Items attributable to the owners of the parent company -4,386,299.89 -822,336.19 1.Not to be reclassified subsequently to profit or loss 492,505.481,996,415.91 (1) Remeasurements of the net defined benefit plan 1,574,918.99 (2) Items under equity method that will not be reclassified to profit or loss (3) Changes in fair value of other equity instrument investments 492,505.48421,496.92 (4) Changes in fair value of own credit risk 2. To be reclassified subsequently to profit or loss -4,878,805.37 -2,818,752.10 (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 Q3 Report of 2023 Items For the three quarters ended September 30, 2023 For the three quarters ended September 30, 2022 (4) Provision for credit impairment of other debt investments (5) Cash flow hedging reserve -4,878,805.37 -2,818,752.10 (6) Translation reserve (7) Others (II) Items attributable to non-controlling shareholders -4,158,081.08 -776,917.38 VII. Total comprehensive income 2,700,426,118.332,399,826,496.63 (I) Items attributable to the owners of the parent company 1,339,702,996.431,181,596,444.56 (II) Items attributable to non-controlling shareholders 1,360,723,121.901,218,230,052.07 (I) Basic EPS (yuan per share) 2.782.44 (II) Diluted EPS (yuan per share) 2.782.44 Legal representative: Joo Miguel Ventura Rego Abecasis Officer in charge of accounting: Chin Wee Hua Head of accounting department: Liping Liu Q3 Report of 2023 Consolidated Cash Flow Statement For the Three Quarters Ended September 30,2023 Unit: yuan Currency: RMB Items For the three quarters ended September 30, 2023 For the three quarters ended September 30, 2022 Cash receipts from sale of goods or rendering of services 13,729,002,139.2213,232,619,530.14 Net increase of client deposit and interbank deposit Net increase of central bank loans Net increase of loans from other financial institutions Cash receipts from original insurance contract premium Net cash receipts from reinsurance Net increase of policy-holder deposit and investment Cash receipts from interest, handling charges and commission Net increase of loans from others Net increase of repurchase Net cash receipts from agency security transaction Receipts of tax refund 104,862,956.31 Other cash receipts related to operating activities 351,728,190.21627,199,307.41 Subtotal of cash inflows from operating activities 14,185,593,285.7413,859,818,837.55 Cash payments for goods purchased and services received 5,657,350,566.515,195,075,945.62 Net increase of loans and advances to clients Net increase of central bank deposit and interbank deposit Cash payments for insurance indemnities of original insurance contracts Net increase of loans to others Cash payments for interest, handling charges and commission Cash payments for policy bonus Cash paid to and on behalf of employees 1,154,628,762.781,208,135,628.26 Q3 Report of 2023 Items For the three quarters ended September 30, 2023 For the three quarters ended September 30, 2022 Cash payments for taxes and rates 2,280,400,071.151,886,057,828.93 Other cash payments related to operating activities 1,374,902,242.121,368,009,353.46 Subtotal of cash outflows from operating activities 10,467,281,642.569,657,278,756.27 Net cash flows from operating activities 3,718,311,643.184,202,540,081.28 Cash receipts from withdrawal of investments 1,987,185.531,512,411,748.50 Cash receipts from investment income 344,606.28344,606.28 Net cash receipts from the disposal of fixed assets, intangible assets and other long-term assets 747,600.966,538,008.91 Net cash receipts from the disposal of subsidiaries & other business units Other cash receipts related to investing activities Subtotal of cash inflows from investing activities 3,079,392.771,519,294,363.69 Cash payments for the acquisition of fixed assets, intangible assets and other long-term assets 568,174,243.39505,270,039.62 Cash payments for investments 360,000,000.001,000,000,000.00 Net increase of pledged borrowings Net cash payments for the acquisition of subsidiaries & other business units Other cash payments related to investing activities Subtotal of cash outflows from investing activities 928,174,243.391,505,270,039.62 Net cash flows from investing activities -925,094,850.6214,024,324.07 Cash receipts from absorbing investments Including: Cash received by subsidiaries from non-controlling shareholders as investments Cash receipts from borrowings Other cash receipts related to financing activities Q3 Report of 2023 Items For the three quarters ended September 30, 2023 For the three quarters ended September 30, 2022 Subtotal of cash inflows from financing activities Cash payments for the repayment of borrowings Cash payments for distribution of dividends or profits and for interest expenses 1,292,249,785.121,007,033,775.38 Including: Cash paid by subsidiaries to non-controlling shareholders as dividend or profit 33,924,670.3239,091,379.38 Other cash payments related to financing activities 20,021,948.5821,430,401.15 Subtotal of cash outflows from financing activities 1,312,271,733.701,028,464,176.53 Net cash flows from financing activities -1,312,271,733.70 -1,028,464,176.53 IV. Effect of foreign exchange rate changes on cash & cash equivalents V. Net increase in cash and cash equivalents 1,480,945,058.863,188,100,228.82 Add: Opening balance of cash and cash equivalents 3,396,809,241.142,165,733,418.37 VI. Closing balance of cash and cash equivalents 4,877,754,300.005,353,833,647.19 Legal representative: Joo Miguel Ventura Rego Abecasis Officer in charge of accounting: Chin Wee Hua Head of accounting department: Liping Liu The first adoption of new accounting standards or interpretations since 2023 that involve adjustments to the financial statements at the beginning of the year of first adoption. √Applicable □N/A The illustration of retrospective adjustment The Ministry of Finance issued the “Interpretation of China Accounting Standards for Business Enterprises No.16” (Cai Kuai [2022] No.31) (the “Interpretation No.16”) on November 30,2022, and the regulations about accounting for deferred tax related to assets and liabilities arising from a single transaction to which the initial recognition exemption does not apply took effect since January 1,2023. For taxable and deductible temporary differences associated with lease liabilities and right-of-use assets arising from single transactions and presented at the beginning of the earliest comparative period due to the initial adoption of the Interpretation No.16, the Company adjusts them to retained earnings or other financial statement items at the beginning of the earliest comparative period presented in accordance with regulations in the Interpretation No.16 and the “Interpretation of China Accounting Standards for Business Enterprises No.18 – Income Tax”. Q3 Report of 2023 The impact of the Group's Implement Interpretation No.16 on the consolidated statement items on December 31,2022 are as below. Item Balance sheet Before retrospective adjustment Interpretation No.16 After retrospective adjustment Adjustment Deferred tax assets 732,407,316.0340,290.31732,447,606.34 Retained earnings 1,336,013,806.1620,717.281,336,034,523.44 Minority equity 1,566,866,996.5019,573.031,566,886,569.53 The impact of the Group's Implement Interpretation No.16 on the consolidated statement items on January 1,2022 are as below. Item Balance sheet Before retrospective adjustment Interpretation No.16 After retrospective adjustment Adjustment Deferred tax assets 1,062,310,605.5211,748.171,062,322,353.69 Retained earnings 1,040,351,272.076,040.911,040,357,312.98 Minority equity 1,373,750,135.575,707.261,373,755,842.83 The impact on items related to the Group's consolidated income statement for the period from January 1,2022 to September 30,2022 are as below. Item Income statement Before retrospective adjustment Interpretation No.16 After retrospective adjustment Adjustment Income tax expenses 685,846,401.92 -224,769.27685,621,632.65 Hereby announced. Board of Directors of Chongqing Brewery Co., Ltd. October 30,2023
(PDF)