五 粮 液2025年半年度报告（英文版）

Wuliangye Yibin Co., Ltd. Interim Report 2025 Chairman of the Board: Zeng Congqin August 28, 2025 Interim Report 2025 of Wuliangye Yibin Co., Ltd. 2 Part I Important Notes, Table of Contents and Definitions 1. The Board of Directors (or the “Board”) as well as the directors and senior management of Wuliangye Yibin Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents. 2. Zeng Congqin, the Company’s legal representative, Zhang Xin, the Company’s Chief Financial Officer, and Liu Min, head of the Company’s accounting department, hereby guarantee that the financial statements carried in this Report are true, accurate and complete. 3. Ten directors were supposed to attend the board meeting for the review of this Report. Eight of them were present at the meeting in person while Mr. Han Chengke and Mr. Ding Nan voted by way of telecommunication for they were unable to be present due to work reasons. 4. The Company has no interim dividend plan, either in the form of cash or bonus issue. 5. This Report has been prepared in Chinese and translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. Interim Report 2025 of Wuliangye Yibin Co., Ltd. 3 Table of Contents Part I Important Notes, Table of Contents and Definitions ........................................................... 2 Part II Corporate Information and Key Financial Information ................................................... 6 Part III Management Discussion and Analysis ............................................................................... 9 Part IV Environmental, Social and Governance Information ..................................................... 21 Part V Significant Events ................................................................................................................ 24 Part VI Share Changes and Shareholder Information ................................................................. 30 Part VII Bonds ................................................................................................................................. 34 Part VIII Financial Statements ....................................................................................................... 35 Part IX Other Reported Information ........................................................................................... 146 Interim Report 2025 of Wuliangye Yibin Co., Ltd. 4 Documents Available for Reference The following documents are available for shareholders at the relevant department of the Company: 1. The financial statements that have been signed and stamped by the legal representative, the Chief Financial Officer, and the head of the accounting depa