2022 年第一季度报告 单位：元币种：人民币 证券代码：600197 证券简称：伊力特 新疆伊力特实业股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人陈智、主管会计工作负责人颜军及会计机构负责人（会计主管人员）魏光辉保证季度 报告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | |-----------------------------------------------|------------------|------------------|-------------------------------------| | 项目 | | 本报告期 | 本报告期比上年同期增减 变动 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥433,720,345.17, representing a 19.00% increase compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2021 was ¥54,427,655.47, a decrease of 3.23% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,087,373.10, an increase of 4.41% compared to the same period last year[6] - The basic earnings per share for Q3 2021 was ¥0.1153, down 10.90% year-on-year[8] - Total operating revenue for the first three quarters of 2021 reached ¥1,464,238,313.63, a 26.3% increase from ¥1,158,087,587.06 in the same period of 2020[29] - Net profit for the first three quarters of 2021 was ¥270,810,920.64, representing a 34.5% increase compared to ¥201,189,470.17 in 2020[32] - Operating profit for the first three quarters of 2021 was ¥376,270,467.05, an increase of 28.8% from ¥292,083,358.18 in the same period last year[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,704,555,678.19, an increase of 4.82% from the end of the previous year[8] - The company's current assets totaled ¥2,523,911,141.05, compared to ¥2,361,032,466.52 in the previous year, indicating an increase of about 6.89%[23] - The total non-current assets reached ¥2,180,644,537.14, up from ¥2,127,102,182.65, marking an increase of about 2.52%[23] - The company's total liabilities increased to ¥935,730,274.57 from ¥887,497,868.02, reflecting a growth of 5.4%[24] - Total equity attributable to shareholders reached ¥3,651,356,777.19, up from ¥3,487,488,953.34, marking a 4.7% increase[24] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥66,859,347.84, a decrease of 155.47% compared to the same period last year[6] - Net cash flow from operating activities was negative at CNY -66.86 million, compared to CNY -26.17 million in the previous year, indicating a decline in cash generation[34] - The company reported a net cash outflow from financing activities of CNY -197.41 million, slightly better than CNY -201.67 million in the same period last year[35] - The company’s total cash inflow from operating activities was CNY 1.415 billion, while total cash outflow was CNY 1.482 billion, leading to a net cash outflow[34] Inventory and Receivables - The company reported a significant increase in accounts receivable by 4,256.43% year-to-date, primarily due to extended credit to distributors[10] - The company’s inventory increased by 42.31% year-to-date, attributed to a rise in raw materials and the transition of certain products to self-operated inventory[10] - Inventory levels rose significantly to ¥1,241,075,983.34 from ¥872,078,322.95, representing a growth of approximately 42.25%[23] - Accounts receivable increased to ¥200,360,013.41 from ¥4,599,182.32, showing a substantial rise of approximately 4,257.73%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,333[11] - There were no significant changes in shareholder structure, with the largest shareholder holding 41.82% of the shares[14] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥12,738,688.06, slightly down from ¥12,889,615.56 in the previous year[29] Management and Governance - The company has not disclosed any new product developments or market expansion strategies during the reporting period[18] - The company’s management team includes Chen Zhi as the responsible person, Zhu Jixin as the accounting supervisor, and Wei Guanghui as the head of the accounting institution[34]

Financial Performance - The company's revenue for the first half of 2021 reached ¥1,030,517,968.46, representing a 29.85% increase compared to ¥793,601,473.62 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached ¥212,062,466.55, an increase of 45.04% compared to the same period last year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥208,764,632.92, a decrease of 38.65% year-on-year[20]. - The basic earnings per share increased by 34.52% to ¥0.4493, while diluted earnings per share rose by 42.32% to ¥0.4493[20]. - The total profit for the first half of 2021 was ¥300,151,672.69, an increase of 48.5% from ¥202,217,071.05 in the first half of 2020[132]. - The net profit for the first half of 2021 was CNY 114,328,967.42, a significant increase from CNY 35,232,537.85 in the same period of 2020, representing a growth of approximately 224%[138]. - Operating profit for the first half of 2021 reached CNY 118,842,491.89, compared to CNY 59,097,148.19 in the previous year, indicating an increase of about 101%[138]. Revenue and Costs - The company's operating revenue for the period was ¥1,030,517,968.46, reflecting a growth of 29.85% compared to the previous year[29]. - Operating costs increased by 12.64% to ¥444,021,772.57 from ¥394,207,411.33, primarily due to the rise in operating revenue[35]. - Sales expenses surged by 51.43% to ¥78,695,463.38, attributed to increased advertising and transportation costs[35]. - Management expenses doubled to ¥25,900,199.95, reflecting higher insurance and depreciation costs as projects were put into operation[35]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥5,650,745.37, a decline of 116.63% compared to the previous year[20]. - The company’s investment activities generated a net cash outflow of -¥100,992,005.68, a 51.57% decrease from -¥208,524,620.78 year-on-year[35]. - Cash flow from operating activities showed a net outflow of CNY -5,650,745.37 in the first half of 2021, a decline from a net inflow of CNY 33,987,993.49 in the same period of 2020[144]. - The company incurred a total cash outflow from investing activities of CNY 117,802,396.01 in the first half of 2021, compared to CNY 208,524,620.78 in the same period of 2020, indicating a decrease of about 43.5%[144]. Assets and Liabilities - The total assets of the company increased by 4.14% to ¥4,673,943,635.80 compared to the end of the previous year[20]. - The company's total liabilities decreased to ¥564,971,533.03 from ¥673,538,053.25, indicating a reduction of approximately 16%[132]. - Total liabilities decreased to CNY 784,360,752.62 from CNY 887,497,868.02, indicating a decline of around 11.7%[121]. - Owner's equity increased to CNY 3,889,582,883.18 from CNY 3,600,636,781.15, showing an increase of about 8.0%[121]. Market and Product Development - The company has launched the "46-degree Yili Laojiao" product upgrade and successfully introduced "Golden Time" to the market, gaining consumer recognition[30]. - The e-commerce subsidiary achieved sales revenue of ¥52,597,400, a year-on-year increase of 107.57%[30]. - The company plans to continue expanding its national market presence and increase investment in channel construction[29]. - The company plans to accelerate the launch of upgraded products and increase marketing efforts in eight regional airports to boost sales[32]. Risks and Compliance - The company faces risks from the ongoing COVID-19 pandemic, which has significantly impacted the regional liquor market and consumer behavior in Xinjiang[47]. - Regulatory risks are heightened due to new food safety policies that impose stricter requirements on the liquor industry, potentially increasing operational challenges[47]. - The company has identified technological risks, noting that its production equipment is relatively outdated and the utilization of modern equipment is low[50]. - Environmental compliance is a focus, with the company reporting no exceedances in pollutant emissions and adhering to national standards[56]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring the accuracy and completeness of the report[4]. - The company maintains its commitment to transparency, with all information disclosed through designated media such as the Shanghai Securities Journal and the Shanghai Stock Exchange website[4]. - The company has committed to minimizing and regulating related party transactions to protect the interests of the listed company and its shareholders[76]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[84]. Shareholder Information - The total number of ordinary shares of the company reached 471,935,452, with 37,598,152 shares converted from convertible bonds during the reporting period[93]. - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 197,363,477 shares, representing 41.82% of the total shares[96]. - The company issued 8.76 million convertible bonds with a total value of 876 million RMB, which began trading on April 4, 2019[99]. - The total number of shareholders reached 70,197 by the end of the reporting period[93].

Financial Performance - Net profit attributable to shareholders surged by 1,475.80% to CNY 131,448,095.89 from CNY 8,341,654.42 in the same period last year[17] - Operating revenue rose by 255.33% to CNY 544,265,775.73, compared to CNY 153,172,005.86 in the previous year[17] - Basic earnings per share increased by 1,363.09% to CNY 0.28106 from CNY 0.01921[17] - The diluted earnings per share reached CNY 0.29127, marking an increase of 1,416.24% from the previous year's CNY 0.01921[17] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 938.70% to CNY 131,502,875.31[17] - Net profit for Q1 2021 was ¥133,222,521.91, compared to ¥8,195,303.16 in Q1 2020, reflecting a growth of 1,525.5%[59] - Total operating revenue for Q1 2021 reached ¥544,265,775.73, a significant increase of 255.5% compared to ¥153,172,005.86 in Q1 2020[56] Asset and Liability Changes - Total assets increased by 1.70% to CNY 4,564,460,072.28 compared to the end of the previous year[17] - The accounts receivable balance at the end of the reporting period increased by 3441.57% compared to the beginning of the period, mainly due to the new credit sales limits granted to distributors during the reporting period[26] - Current liabilities decreased to approximately ¥559.93 billion from ¥619.73 billion, a reduction of about 9.63%[44] - Total liabilities amounted to approximately ¥816.23 billion, down from ¥887.50 billion, representing a decrease of about 8.03%[46] - Owner's equity increased to approximately ¥3,748.23 billion from ¥3,600.64 billion, showing a growth of about 4.11% year-over-year[46] Cash Flow and Investments - The net cash flow from operating activities improved by 89.99% to -CNY 23,873,759.57, compared to -CNY 238,491,926.29 in the previous year[17] - Cash flow from operating activities showed a net outflow of CNY -23,873,759.57 in Q1 2021, an improvement from CNY -238,491,926.29 in Q1 2020[70] - The company incurred credit impairment losses of CNY -4,958,354.95 in Q1 2021, compared to CNY 1,683,785.68 in Q1 2020[67] - The company’s investment activities resulted in a net cash outflow of CNY -62,980,451.76 in Q1 2021, compared to CNY -35,410,107.28 in Q1 2020[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,025[23] - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 42.04% of the shares[23] Compliance and Governance - The company has committed to avoiding related party transactions post-acquisition, ensuring compliance with legal and regulatory standards[33] - The company has pledged to not engage in business activities that compete with its own operations, maintaining operational independence[34] - The company reported a commitment to adhere to fair trading principles in any unavoidable related party transactions[34] - The company has established a framework to ensure that any potential conflicts of interest are managed effectively, protecting shareholder interests[33] - The company has committed to compensating any losses incurred by shareholders due to breaches of its commitments[33] Inventory and Other Assets - Inventory levels were reported at approximately CNY 847.51 million, down from CNY 872.08 million, showing a decrease of about 2.8%[41] - Other receivables increased to approximately ¥433.93 billion from ¥372.95 billion, indicating a growth of about 16.30%[50] - The company’s fixed assets were valued at approximately CNY 931.26 million, slightly decreasing from CNY 937.65 million[41]

Financial Performance - In 2020, the company achieved a net profit of ¥306,354,434.50, with a distributable profit of ¥275,718,991.05 after allocating 10% to statutory reserves[4]. - The company plans to distribute cash dividends of ¥4.05 per 10 shares, totaling ¥189,415,841.58, with no bonus shares or capital reserve conversion[4]. - The total share capital as of December 31, 2020, was 467,693,436 shares[4]. - In 2020, the company's operating revenue was CNY 1,802,060,041.69, a decrease of 21.71% compared to CNY 2,301,653,010.91 in 2019[20]. - The net profit attributable to shareholders was CNY 341,911,134.68, down 23.48% from CNY 446,821,094.68 in the previous year[20]. - The net cash flow from operating activities decreased by 50.62% to CNY 276,498,230.07 from CNY 559,934,919.37 in 2019[20]. - The company's total assets increased by 1.78% to CNY 4,488,134,649.17 at the end of 2020, compared to CNY 4,409,826,423.07 at the end of 2019[20]. - The basic earnings per share decreased by 22.97% to CNY 0.7862 from CNY 1.0207 in 2019[20]. - The weighted average return on equity decreased by 5.93 percentage points to 10.83% from 16.76% in 2019[20]. Operational Highlights - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[4]. - The company has not reported any significant risks or issues in its operations for the reporting period[5]. - The company’s information disclosure media is designated as Shanghai Securities News and the Shanghai Stock Exchange website[15]. - The company implemented a series of measures to stabilize the market, including providing loan support to distributors and conducting inventory assessments[40]. - A total of 20 million RMB in consumer vouchers were issued to stimulate local wine consumption, resulting in 53.09 million RMB in white wine sales[40]. - The company invested 30 million RMB in online promotional activities, achieving 190 million views for its campaigns within a month[40]. - The company launched 25 new products and changed 24 packaging designs to enhance product competitiveness[41]. - The company has a technical innovation team of 281 members, accounting for 10% of the total workforce[42]. - The company reported a total of 260 trademark infringement cases, with 161 cases concluded during the reporting period[41]. Market and Sales Performance - The company's main business revenue from liquor reached ¥1,792,816,438.72, with a year-over-year decrease of 21.21%[52]. - High-end liquor sales revenue was ¥1,341,798,986.26, down 16.70% year-over-year, with a gross profit margin of 57.42%[55]. - The production volume of high-end liquor decreased by 30.69%, while sales volume dropped by 30.76%[58]. - The company’s high-end liquor sales volume decreased by 30.69% to 7,719.74 kiloliters, with a revenue of ¥1,341,798,986.26, down 16.70% year-on-year[75]. - The company’s mid-range liquor sales volume decreased by 28.93% to 7,386.84 kiloliters, with a revenue of ¥369,276,820.43, down 31.03% year-on-year[75]. - Online sales revenue reached RMB 25.34 million, a 100% increase compared to the previous period[82]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The company has ensured that all board members attended the board meeting, affirming the report's accuracy and completeness[4]. - The company has not violated decision-making procedures for external guarantees[4]. - The company has not faced any major litigation or arbitration matters during the reporting period[130]. - The company has committed to adhere to the latest regulations from the China Securities Regulatory Commission regarding compensation measures[124]. - The company has confirmed that there are no significant related party transactions that have not been disclosed in temporary announcements[130]. Social Responsibility and Community Engagement - The company donated over CNY 5 million in funds and materials for COVID-19 prevention efforts[46]. - The company has established a "Poverty Alleviation Fund" since 2006, helping 79 employees through 106 instances of support[140]. - The company has provided job opportunities for over 300 ethnic minorities and 58 disabled individuals, with monthly earnings around RMB 4,500[142]. - The company has actively participated in poverty alleviation efforts, aligning with national strategies and local economic development[139]. - The company has initiated agricultural projects, including the establishment of planting bases for sorghum, rice, corn, wheat, and peas, to enhance local farmers' income[141]. Environmental Initiatives - The company is committed to green development and enhancing environmental protection measures within its industrial park[100]. - The company achieved a total wastewater COD discharge of 17.24 tons and ammonia nitrogen discharge of 1.724 tons in the first half of 2020, with no exceedances reported[147]. - The company invested 10.2 million yuan in 2015 for the renovation of pollution control facilities, which were completed in July 2016[147]. Future Outlook and Strategy - For 2021, the company aims to achieve operating revenue of 2.3 billion yuan and a total profit of 550 million yuan[96]. - The company plans to optimize its product structure by launching high-end new products priced at 600-800 yuan and above 1,000 yuan to enhance sales profit margins[98]. - The company intends to strengthen its marketing strategies in key regions, particularly in Xinjiang and expand its national market presence[97]. - The company is focusing on brand promotion through traditional media channels and enhancing its online presence to increase brand awareness[98]. - The company is committed to digital transformation and innovation in production processes to adapt to changing market demands[93]. Shareholder Relations - The controlling shareholder, Xinjiang Yili Group, committed to avoiding competition with the public company and ensuring no harm to the public company's interests through related transactions[111]. - Xinjiang Yili Group has consistently fulfilled its commitments without any delays or failures[113]. - The company reported a total related party transaction amount of 30.94 million yuan for 2020, with an expected amount exceeding 30 million yuan for 2021[130]. - The company has committed to avoid and minimize related party transactions post-acquisition, ensuring compliance with legal regulations and protecting shareholder interests[122].

Financial Performance - Net profit attributable to shareholders increased by 1,475.80% to CNY 131,448,095.89 from CNY 8,341,654.42 in the same period last year[11] - Operating revenue surged by 255.33% to CNY 544,265,775.73 compared to CNY 153,172,005.86 in the previous year[11] - Basic earnings per share rose to CNY 0.28106, an increase of 1,363.09% compared to CNY 0.01921 in the same period last year[11] - Net profit for Q1 2021 was CNY 73,142,230.37, compared to CNY 9,900,750.47 in Q1 2020, representing a significant increase[58] - Operating profit for Q1 2021 reached CNY 78,573,409.41, up from CNY 18,894,998.09 in the same period last year[58] - The total comprehensive income for Q1 2021 was ¥133,222,521.91, significantly higher than ¥8,195,303.16 in Q1 2020[54] Assets and Liabilities - Total assets increased by 1.70% to CNY 4,564,460,072.28 compared to the end of the previous year[11] - Current liabilities decreased to approximately ¥559.93 billion from ¥619.73 billion, representing a decline of about 9.63%[37] - Total liabilities decreased from approximately ¥887.50 billion to ¥816.23 billion, a decline of about 8.02%[39] - Total assets reached approximately ¥4,564.46 billion, up from ¥4,488.13 billion, indicating a year-over-year increase of around 1.70%[37] - The company’s total assets amounted to ¥4,211,483,931.16, up from ¥4,087,710,684.26, indicating a growth of approximately 3%[45] Cash Flow - Net cash flow from operating activities improved by 89.99% to -CNY 23,873,759.57 from -CNY 238,491,926.29 year-on-year[11] - Cash inflow from sales of goods and services was CNY 447,721,301.50 in Q1 2021, compared to CNY 184,708,210.17 in Q1 2020, showing a substantial increase[59] - Cash flow from operating activities showed a net outflow of CNY -23,873,759.57 in Q1 2021, compared to CNY -238,491,926.29 in Q1 2020, indicating an improvement[59] - Cash outflow from operating activities totaled CNY 481,275,615.31 in Q1 2021, compared to CNY 436,016,835.34 in Q1 2020[61] - The net increase in cash and cash equivalents was $96,298,693.33, contrasting with a decrease of -$135,967,839.99 in the prior period[65] Shareholder Information - The total number of shareholders reached 65,771 by the end of the reporting period[17] - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 42.04% of the shares[17] Inventory and Receivables - Accounts receivable at the end of the reporting period increased by 3441.57% compared to the beginning of the period, mainly due to the new credit sales limits for newly added distributors[20] - Inventory stood at approximately CNY 847.51 million, down from CNY 872.08 million, showing a decrease of about 2.8%[34] - Accounts receivable increased significantly to approximately CNY 162.88 million from CNY 4.60 million, indicating a substantial rise of over 3,400%[34] Company Commitments and Practices - The company committed to avoiding related party transactions post-acquisition, ensuring compliance with legal and regulatory standards[27] - The company pledged to not engage in business activities that compete with its own operations, maintaining operational independence[28] - The company reported a commitment to fair and reasonable commercial practices in any unavoidable related party transactions[28] - The company’s management has committed to ensuring that executive compensation is linked to the execution of return compensation measures[31] Other Financial Data - The company reported non-recurring gains of CNY 1,057,270.70 during the period[16] - The company’s fixed assets were valued at approximately CNY 931.26 million, slightly down from CNY 937.65 million, reflecting a decrease of about 0.5%[34] - The company’s long-term equity investments remained stable at approximately CNY 205.88 million, unchanged from the previous period[34] - Research and development expenses for Q1 2021 were ¥4,380,125.67, compared to ¥3,843,372.25 in Q1 2020, indicating an increase of about 14%[49]

Financial Performance - Operating revenue for the period was CNY 1,158,087,587.06, representing a decline of 23.34% year-on-year[17]. - Net profit attributable to shareholders was CNY 202,454,546.15, down 33.05% from the same period last year[17]. - Basic earnings per share decreased by 32.14% to CNY 0.4653[17]. - The company's operating profit decreased by 34.16% compared to the beginning of the period, primarily due to reduced revenue from the pandemic[27]. - The company's net profit for Q3 2020 was CNY 56,211,150.77, a decrease from CNY 100,320,841.36 in Q3 2019, representing a decline of approximately 44%[59]. - The total profit for Q3 2020 was CNY 84,699,122.90, down from CNY 169,959,860.78 in Q3 2019, reflecting a decrease of about 50%[59]. - The company's net profit margin decline, with net profit for the first three quarters of 2020 at ¥1,158,087,587.06, down from ¥1,510,615,908.60 in the same period of 2019[55]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,227,832,427.65, a decrease of 4.13% compared to the end of the previous year[17]. - The company's current assets totaled CNY 2,446,808,441.23, down from CNY 2,944,807,792.04 in December 2019, indicating a decline of approximately 16.9%[40]. - Total liabilities decreased to CNY 1,272,557,157.75 from CNY 1,458,053,076.12, a reduction of about 12.7%[46]. - The total liabilities to equity ratio stands at approximately 0.44, indicating a balanced capital structure[89]. - The total equity and liabilities combined amount to RMB 4,050,596,039.55, confirming the balance sheet's integrity[93]. Cash Flow - Net cash flow from operating activities was negative CNY 26,170,950.00, a significant decrease of 109.59% compared to the previous year[17]. - Cash inflow from operating activities was CNY 1,364,837,980.71, down from CNY 2,008,090,776.27 in the same period last year, indicating a decrease of approximately 32%[74]. - The net cash flow from investing activities was CNY -367,063,265.89, slightly improved from CNY -446,104,178.04 in the previous year[76]. - Cash outflow from financing activities was CNY 201,666,369.15, compared to CNY 255,901,876.54 in the same period last year, indicating a reduction of approximately 21%[76]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,637[21]. - The largest shareholder, Xinjiang Yili Group Co., Ltd., held 42.04% of the shares[21]. - The company's equity attributable to shareholders increased slightly to CNY 2,849,802,722.35 from CNY 2,845,035,723.42, indicating a marginal growth of 0.2%[46]. Operational Changes and Commitments - The company has committed to avoiding any business activities that are the same or similar to those of the public company to prevent competition[31]. - The company will take measures such as asset sales, injections, and divestitures to avoid potential competition with the public company after the acquisition is completed[31]. - The company has pledged to not engage in any related party transactions that could harm the interests of the public company and its shareholders[31]. - The company will ensure that its controlling entities do not engage in any business that competes with the public company, maintaining operational independence[35]. Research and Development - Research and development expenses increased to ¥4,449,905.49 in Q3 2020, compared to ¥1,576,816.17 in Q3 2019, reflecting a growth of 182.5%[55]. - The company's R&D expenses increased to CNY 4,459,905.49 in Q3 2020, up from CNY 1,576,816.17 in Q3 2019, reflecting a growth of approximately 183%[65].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2020, representing a year-on-year increase of 15%[15]. - Net profit attributable to shareholders reached 300 million RMB, up 20% compared to the same period last year[15]. - The company reported a revenue of ¥793,601,473.62 for the first half of the year, a decrease of 15.60% compared to the same period last year[17]. - Net profit attributable to shareholders was ¥146,209,342.83, down 27.54% year-over-year[17]. - The net profit after deducting non-recurring gains and losses was ¥150,569,724.72, a decrease of 18.56% compared to the previous year[17]. - The company's operating revenue for the reporting period was ¥793,601,473.62, a decrease of 15.60% compared to ¥940,265,414.97 in the same period last year[29]. - The total profit for the first half of 2020 was CNY 202,217,071, a decrease of 25.4% from CNY 271,101,333 in the first half of 2019[167]. - The net profit for the first half of 2020 was CNY 144,978,319, down 29% from CNY 203,812,978 in the first half of 2019[167]. - The company's total equity decreased to CNY 2,654,056,894.53 from CNY 2,807,276,125.86, indicating a decline of approximately 5.4%[161]. User Growth and Market Expansion - User data showed a growth in active users by 10% to 1.5 million in the first half of 2020[15]. - The company plans to launch two new products in Q3 2020, aiming to capture a larger market share[15]. - The company plans to focus on expanding its market share in mid-to-high-end liquor products and enhancing brand recognition[25]. - The company is exploring market expansion opportunities in the Xinjiang region, targeting a 5% increase in market penetration[15]. - The company will continue to strengthen market research and focus on key markets and distributors in the second half of the year[26]. Research and Development - The company is investing in new technology development, with a budget allocation of 50 million RMB for R&D in 2020[15]. - Research and development expenses decreased by 22.53% to ¥8,439,710.07 from ¥10,893,707.77, mainly due to a reduction in R&D projects amid the pandemic[30]. - The company's research and development expenses for the first half of 2020 were CNY 8,439,710, down from CNY 10,893,707 in the same period of 2019[167]. Cash Flow and Liquidity - The company achieved a net cash flow from operating activities of ¥33,987,993.49, a significant increase of 267.77% compared to the same period last year[17]. - The net cash flow from operating activities improved significantly to ¥33,987,993.49, a 267.77% increase from a negative cash flow of ¥20,259,127.86 in the previous year[29]. - Total cash inflow from operating activities was ¥1,015,727,570.20, while cash outflow was ¥981,739,576.71, resulting in a net cash inflow[174]. - Cash received from sales of goods and services amounted to ¥996,414,322.42, down from ¥1,191,673,516.13 in the first half of 2019, indicating a decrease of approximately 16.3%[174]. - The ending balance of cash and cash equivalents as of June 30, 2020, was ¥1,537,889,428.80, down from ¥1,923,192,311.92 at the end of the first half of 2019[176]. Environmental Compliance - The actual discharge of wastewater in the first half of 2020 was within the regulatory limits, with no instances of exceeding discharge standards reported[109]. - The company has implemented measures to ensure compliance with environmental standards, including specific limits on chemical oxygen demand and nitrogen levels in wastewater[112]. - The total actual emissions of SO2 from boilers 1, 2, and 3 in the first half of 2020 amounted to 33.26 tons, NOX totaled 32.35 tons, and particulate matter totaled 3.23 tons[113]. Shareholder and Equity Information - The total number of ordinary shares as of the end of the reporting period was 434,444,912 shares, with a reduction of 6,662,700 shares due to the cancellation of repurchased shares[128]. - The company’s major shareholder, Yili Te Group, fully exchanged 400 million RMB of convertible bonds into 25,365,400 shares by August 2020[128]. - The total equity attributable to the parent company is 2,845,035,723.42, after deducting treasury shares[185]. Related Party Transactions and Commitments - The company reported a related party transaction amounting to 7.1124 million yuan during the reporting period, with an expected annual related party transaction amount exceeding 30 million yuan[80]. - The company has committed to avoid and reduce related party transactions post-acquisition, ensuring compliance with legal regulations and protecting the interests of shareholders[69]. Future Outlook - Future outlook indicates a projected revenue growth of 10-15% for the second half of 2020[15]. - The company anticipates a cumulative net profit decline of 30%-35% year-on-year for the period from January to September 2020 due to the impact of the pandemic[44]. - The company plans to expand its market presence and invest in new product development in the upcoming quarters[186].

Group 1: Event Details - The company will participate in the 2020 Xinjiang Listed Companies Investor Collective Reception Day on June 24, 2020, from 15:00 to 17:30 [1] - The event will be held online via the platform provided by Shenzhen Panorama Network Co., Ltd. [1] - Investors can access the event through the "Panorama Roadshow" website or the WeChat public account "Panorama Finance" [1] Group 2: Company Representatives - Attendees from the company include Chief Financial Officer Zhu Jixin, Board Secretary Jun Jie, and Securities Affairs Representative Yan Li [1] - The company encourages active participation from investors [1] Group 3: Purpose of the Event - The event aims to provide investors with a comprehensive understanding of the company's situation, development strategy, operational status, financing plans, equity incentives, and sustainable development [1] - The company assures that the announcement contains no false records, misleading statements, or significant omissions [1]

Financial Performance - Operating revenue for the reporting period was CNY 153,172,005.86, representing a decline of 70.45% year-on-year[11] - Net profit attributable to shareholders was CNY 8,341,654.42, down 94.42% from the same period last year[11] - Basic earnings per share were CNY 0.01921, a decrease of 94.33% year-on-year[11] - The weighted average return on net assets was 0.0029%, down 99.95 percentage points from the previous year[11] - The company's revenue for the first quarter decreased by 70.45% year-on-year due to the impact of COVID-19, with total revenue reported at 3.63 billion yuan[22] - Net profit attributable to shareholders, excluding non-recurring gains and losses, fell by 88.23% compared to the same period last year[22] - In April, the company saw a revenue rebound, achieving 210 million yuan, which represents a 102.7% year-on-year increase[23] - The total comprehensive income for Q1 2020 was ¥8,195,303.16, significantly lower than ¥149,477,462.70 in Q1 2019[53] - The company's net profit for Q1 2020 was ¥9,900,750.47, a significant decrease from ¥82,641,589.38 in Q1 2019, representing a decline of approximately 88%[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,194,916,500.78, a decrease of 4.87% compared to the end of the previous year[11] - Total current assets decreased to ¥2,700,307,387.84 from ¥2,944,807,792.04, a decline of approximately 8.3%[36] - Total liabilities decreased to approximately ¥1,231.94 billion from ¥1,458.05 billion, a decline of about 15.5%[41] - Owner's equity increased to approximately ¥2,962.98 billion from ¥2,951.77 billion, showing a slight growth of about 0.4%[41] - Cash and cash equivalents decreased to approximately ¥1,113.55 billion from ¥1,249.51 billion, a decrease of about 10.9%[41] - Accounts receivable decreased to approximately ¥25.51 billion from ¥94.60 billion, a significant drop of about 73%[41] - Total assets decreased to approximately ¥4,194.92 billion from ¥4,409.83 billion, representing a decline of about 4.8%[39] - Current liabilities decreased significantly to approximately ¥497.67 billion from ¥729.58 billion, a reduction of about 31.7%[39] Cash Flow - Net cash flow from operating activities was negative CNY 238,491,926.29, a decrease of 435.72% compared to the previous year[11] - Cash flow from operating activities for Q1 2020 was negative at -¥238,491,926.29, compared to a positive cash flow of ¥71,039,105.09 in Q1 2019[60] - The company reported a net cash outflow from investing activities of -¥35,410,107.28 in Q1 2020, compared to -¥78,875,093.70 in Q1 2019[62] - Cash outflow from operating activities totaled ¥436,016,835.34 in Q1 2020, compared to ¥624,760,864.41 in Q1 2019, indicating a decrease of about 30%[60] - The total cash and cash equivalents at the end of the period amounted to 1,113,545,816.18 CNY, down from 1,249,513,656.17 CNY at the beginning of the period[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,649[17] - The largest shareholder, Xinjiang Yili Group Co., Ltd., held 42.07% of the shares[17] - The company has not disclosed any new product developments or market expansion strategies in this report[11] Community Engagement and Support - The company actively engaged in community support during the pandemic, donating 3.5 million yuan to COVID-19 relief efforts[22] - The company implemented various promotional measures, including QR code promotions and increased marketing efforts, to boost sales during the pandemic[22] Investment and Development - The company has a long-term equity investment valued at ¥202,450,045.46, unchanged from the previous period[36] - The company has ongoing construction projects valued at CNY 475,452,635.89, indicating continued investment in growth[74] - The company holds long-term equity investments worth CNY 899,420,416.66, reflecting strategic investment decisions[72] Operational Independence and Compliance - The company committed to avoiding any form of competition with public companies in the same market, ensuring operational independence[28] - The company pledged to minimize and regulate related party transactions, adhering to fair and reasonable commercial standards[31] - The company is committed to not infringing on the rights of shareholders and ensuring compliance with regulatory requirements[28] - The company has undertaken measures to ensure that its controlling entities do not engage in competing business activities, safeguarding its market position[29]