重庆啤酒：重庆啤酒股份有限公司2023年年度报告（英文版）

CompanyCode:600132AbbreviationoftheCompany:ChongqingBrewery CHONGQINGBREWERYCO.,LTD.ANNUALREPORT2023 ImportantNotice I.TheBoardofDirectors,theBoardofSupervisors,andthedirectors,supervisorsandseniormanagementoftheCompanyguaranteethattheinformationoftheAnnualReportistrue,accurateandcompleteandtherearenofalserepresentations,misleadingstatementsormaterialomissions,andassumeindividualandjointliabilitiestotheinformationcontainedherein. II.AllDirectorsoftheCompanyattendedtheBoardmeeting. III.Pan-ChinaCertifiedPublicAccountantsLLP(SpecialGeneralPartnership)hasissuedanauditor’sreportwithanunqualifiedopiniontotheCompany. IV.JoãoMiguelVenturaRegoAbecasis,theperson-in-chargeoftheCompany,ChinWeeHua,theperson-in-chargeofaccountingaffairs,andLiuLiping,theperson-in-chargeoftheaccountingdepartment(headoftheaccountingdepartment)herebydeclaretheirguaranteesfortheauthenticity,accuracyandcompletenessofthefinancialreportintheAnnualReport. V.PlansonprofitdistributionorconversionofcapitalreservetoincreasesharecapitalinthecurrentreportingperioddeliberatedandapprovedbytheBoardofDirectors TheCompanyintendstodistributethecashdividendof2.80yuanpershare(taxinclusive)toallshareholdersonthebasisofthetotalsharecapitalof483,971,198sharesasatDecember31,2023,totaling1,355,119,354.40yuan(taxinclusive).CashdividendintendedfordistributionisfromtheoperatingprofitsgeneratedbytheCompanyinitsproductionandoperation,andsuchdistributionisgeneraldividenddistribution. Afterthecompletionoftheprofitdistributionplanof2023,theremainingundistributedprofitintheconsolidatedfinancialstatementsoftheCompanyis59,187,375.37yuan,andtheremainingundistributedprofitintheparentcompanyfinancialstatementsis351,378,262.35yuan.Nocapitalreserveisconvertedtoincreasesharecapitalthistime. VI.Riskstatementwithrespecttoforward-lookingstatements √Applicable□Notapplicable Forward-lookingstatements,includingfutureplans,containedinthisreportdonotconstituteactualcommitmentsmadebytheCompanytoinvestors.Investorsshouldbeawareofinvestmentrisks. VII.Isthereanynon-operationalfundoccupiedbythecontrollingshareholderanditsrelatedparties No VIII.Isthereanyexternalguaranteemadeinviolationofrequireddecision-makingprocedures No IX.Aretheremorethanhalfofthedirectorswhocannotguaranteetheauthenticity,accuracyandcompletenessoftheannualreportdisclosedbytheCompany No X.Noticeofmaterialrisks TheCompanyhasdescribedrelevantpotentialrisksinthisreport.Fordetails,pleasereferto“VI.ManagementDiscussionandAnalysis”underSectionIIIofthisReport. XI.Others □Applicable√Notapplicable CONTENTS SECTIONIDEFINITIONS5 SECTIONIICOMPANYPROFILEANDPRINCIPALFINANCIALINDICATORS5 SECTIONIIIMANAGEMENTDISCUSSIONANDANALYSIS9 SECTIONIVCORPORATEGOVERNANCE33 SECTIONVENVIRONMENTALANDSOCIALRESPONSIBILITY55 SECTIONVIIMPORTANTMATTERS64 SECTIONVIICHANGESINSHARESANDPARTICULARSOFSHAREHOLDERS88 SECTIONVIIIINFORMATIONONPREFERREDSHARES94 SECTIONIXPARTICULARSOFBONDS94 SECTIONXFINANCIALREPORT95 DocumentsAvailableforInspection Financialstatementssignedwithsealsaffixedbytheperson-in-chargeoftheCompany,thepersonin-chargeofaccountingfairsandtheperson-in-chargeoftheaccountingdepartmentoftheCompany;Originalcopyoftheauditreportbearingthesealoftheaccountingfirmaswellasthesignaturesandsealsofthecertifiedpublicaccountants;OriginalcopiesofallthedocumentsoftheCompanyaswellastheoriginalscriptsofitsannouncementsdisclosedonthenewspaperdesignatedbytheCSRCduringthereportingperiod. I.Definitions SECTIONIDEFINITIONS InthisReport,unlessthecontextotherwiserequires,thefollowingwordsshallhavethefollowingmeanings: CSRC ChinaSecuritiesRegulatoryCommission SSE ShanghaiStockExchange Company,theCompany,thelistedcompany ChongqingBreweryCo.,Ltd. CarlsbergFoundation CarlsbergFoundation Carlsberg CarlsbergA/S CarlsbergBreweries CarlsbergBreweriesA/S CarlsbergHK CarlsbergBreweryHongKongLimited CarlsbergChongqing CarlsbergChongqingLimited CarlsbergInvestment,CarlsbergConsulting GuangzhouCarlsbergInvestmentCo.,Ltd.,formerlyknownasGuangzhouCarlsbergConsultancyandManagementServicesCo.,Ltd. CarlsbergChongqingBrewery,ChongqingJianiang CarlsbergChongqingBreweryCo.,Ltd.,formerlyknownasChongqingJianiangBreweryCo.,Ltd. Majorassetrestructuring,thisrestructuring ThemajorassetpurchaseofChongqingBreweryCo.Ltd.andjointcapitalincreaseinthejointventureaswellasrelated-partytransactions PackAassets Thecollectivenameof100%equityinterestinCarlsberg(China)BreweriesandTradingCompanyLimited,100%equityinterestinCarlsbergBeerEnterpriseManagement(Chongqing)CompanyLimited,99%equityinterestinCarlsbergBrewery(Guangdong)CompanyLimited,and100%equityinterestinKunmingHuashiBreweryCompanyLimited,whichallheldbyCarlsbergBreweries. PackBassets Thecollectivenameof100%equityinterestinXinjiangWusuBreweriesCo.Ltd.and70%equityinterestinNingxiaXixiaJianiangBreweryCo.Ltd.,bothheldbyCarlsbergBreweries. SECTIONIICOMPANYPROFILEANDPRINCIPALFINANCIALINDICATORS I.CorporateInformation Chinesename 重庆啤酒股份有限公司 AbbreviatedChinesename 重庆啤酒 Englishname ChongqingBreweryCo.,Ltd. AbbreviatedEnglishname CBC Legalrepresentative Joã