Wuliangye Yibin Co., Ltd.
Annual Report 2020
President Zeng Congqin (Signature)
April 28, 2021
Contents
Section I Important Notice and Interpretations ...... 3
Section II Company Profile and Main Financial Highlights ...... 5
Section III Summary of Company Business...... 10
Section IV Discussion and Analysis of Operation ...... 11
Section V Significant Matters...... 35
Section VI Changes in Shares and Shareholders...... 50
Section VII Preferred Share...... 56
Section VIII Convertible Corporate Bonds...... 56
Section IX Directors, Supervisors, Senior Management and Employees...... 57
Section X Corporate Governance...... 68
Section XI Corporate Bonds ...... 73
Section XII Financial Report ...... 74
Section XIII Reference File Directory......209
Section I Important Notice and Interpretations
I. The board of directors, the board of supervisors, directors, and supervisors of the
Company undertake that the content of the Annual Report is true, accurate, and complete,
and contains no false record, misleading statements, or major omission, and assume joint
and several legal liabilities arising therefrom.
II. Zeng Congqin, the person in charge of the Company, Luo Wei, the person in charge
of the accounting work, and Luo Jun, the person in charge of the accounting institution
(accountant in charge) declare and ensure: the truthfulness, accuracy, and integrity of the
financial report in the Annual Report.
III. Seven directors should be present at the board meeting auditing the Report and
actually six directors attended. Director Li Shuguang was not present at the meeting due to
work reasons and voted on the resolution of this meeting by means of circulation;
Director-designate Jiang Lin was present at the meeting.
IV. The future plan, development strategy, and other forward-looking statements
included in the Report shall not constitute the Company's substantial commitment to the
investors due to uncertainties, and we remind the investors to notice the investment risks.
V. The Company has disclosed the potential risks in the Report, and we remind the
investors to notice the investment risks.
VI. The Company designated China Securities Journal, Shanghai Securities News,
Securities Times, and CNINFO as the information-disclosure media of the Annual Report
2020 of the Company and all the information of the Company shall be subject to the
information published on the above media.
VII. The profit distribution plan reviewed and adopted at the Board Meeting of the
Company is that: Based on the total capital stock of 3,881,608,005, the Company will
distribute the dividend of RMB 25.80 in cash (tax inclusive) and 0 bonus share (tax inclusive)
to all shareholders for every 10 shares and will not transfer the capital reserve to increase
capital stock.
Interpretations
Terms refers to Interpretations
Company, the Company or Wuliangye refers to Wuliangye Yibin Co., Ltd.
Yibin State-owned Assets Supervision and refers to State-owned Assets Supervision and Administration
Administration Commission Commission of Yibin Municipal Government
Wuliangye Group Company or the Group refers to Sichuan Yibin Wuliangye Group Co., Ltd.
Company
Push Group Company refers to Sichuan Yibin Push Group Co., Ltd.
Global Group Company refers to Sichuan Yibin Global Group Co., Ltd.
Anji Logistic Group Co., Ltd. refers to Sichuan Anji Logistic Group Co., Ltd.
Sacred Mountain Molin Company refers to Sichuan Sacred Mountain Molin Group Co., Ltd.
Finance Company refers to Sichuan Yibin Wuliangye Group Finance Co., Ltd.
I&E Company refers to Yibin Wuliangye Group I&E Co., Ltd.
Creart Company refers to Yibin Wuliangye Creart Co., Ltd.
New Retail Company refers to Sichuan Wuliangye New Retail Management Co., Ltd.
NongXiang Series Baijiu refers to Wuliang NongXiang Series Baijiu Yibin Co., Ltd.
Section IICompany Profile and Main Financial Highlights
I. Company information
Stock abbreviation Wuliangye Stock code 000858
Stock exchange for listing Shenzhen Stock Exchange
Company name in Chinese 宜宾五粮液股份有限公司
Company short name in Chinese 五粮液
Company name in English (if any) WULIANGYE YIBIN CO.,LTD.
Company short name in English (if WLY
any)
Legal representative of the Zeng Congqin
Company
Registered address N
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