2022 年第三季度报告 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 年第三季度报告 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三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 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|-----------------------------------------|-------------------------|------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,133,205,579.87, representing a 9.96% increase compared to CNY 1,030,517,968.46 in the same period last year[18]. - Net profit attributable to shareholders of the listed company decreased by 39.46% to CNY 128,390,150.99 from CNY 212,062,466.55 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 130,586,682.93, down 37.45% from CNY 208,764,632.92 year-on-year[18]. - Basic earnings per share decreased to CNY 0.2720, down 39.46% from CNY 0.4493 in the same period last year[21]. - The diluted earnings per share also fell by 40.75% to CNY 0.2662 from CNY 0.4493 year-on-year[21]. - The total profit for the first half of 2022 was CNY 191,816,216.74, a decrease of 36% from CNY 300,151,672.69 in the previous year[150]. - The total comprehensive income for the first half of 2022 was CNY 134,107,303.69, down from CNY 217,272,225.51 in the same period of 2021[148]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 11,252,768.17, a 299.14% increase from a negative cash flow of CNY 5,650,745.37 in the previous year[18]. - The company's cash and cash equivalents increased by 12.16% to ¥1,152,251,642.12, representing 23.51% of total assets[40]. - Cash inflow from operating activities for the parent company was CNY 842,254,219.83, an increase from CNY 682,481,711.01 in the first half of 2021[164]. - The company's total assets at the end of the reporting period were CNY 4,900,762,013.46, up 4.85% from CNY 4,673,943,635.80 at the end of the previous year[18]. - The company's cash flow from operating activities is expected to be the main source for repaying the convertible bonds[122]. Costs and Expenses - The cost of sales increased by 37.14% to ¥608,931,127.32, primarily due to a 26.82% rise in the average unit cost of mid-to-high-end products and a 34.34% increase in the price of sorghum[37]. - The average unit cost of mid-to-high-end products increased by 26.82% as a result of technological upgrades and production improvements[30]. - Sales expenses grew by 23.48%, driven by new marketing initiatives and increased promotional activities[30]. - Management expenses increased due to higher depreciation costs from newly acquired fixed assets and the new salary policy[30]. - Total operating costs increased to ¥929,596,163.37, up from ¥723,502,035.68, reflecting a rise of about 28.5% year-over-year[142]. Market Position and Strategy - The company aims to strengthen its market position in the mid-to-high-end segment amidst a competitive landscape[29]. - The company is focusing on expanding its market presence while managing costs effectively in a challenging economic environment[31]. - The company plans to focus on key products and major distributors to stabilize sales amidst ongoing market pressures[37]. - The overall market consumption is expected to recover as pandemic control measures become more precise and economic activity increases[29]. Environmental and Social Responsibility - The company has invested 1.2 million yuan in upgrading its wastewater treatment facilities, completed in December 2015, to ensure compliance with environmental standards[61]. - The company reported a total wastewater discharge of 109,687.61 tons in the first half of 2022, with no exceedances of pollutant discharge limits[60]. - The company actively supports local low-income farmers by providing free distiller's grains, enhancing their economic stability and promoting local employment through its industrial park in Kekedala[68]. - The company has implemented pollution control measures, including the installation of online monitoring equipment for total phosphorus and nitrogen, ensuring effective environmental management[62]. Shareholder and Capital Structure - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[4]. - The company reported related party transactions amounting to 14.86 million RMB during the reporting period, with an expected increase to over 30 million RMB in 2022[89]. - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 41.82% of the shares, totaling 197,363,477 shares[102]. - The company has a total of 8,312 bondholders for the convertible bonds[113]. - The total equity attributable to shareholders increased to ¥3,820,377,901.23 from ¥3,688,233,098.84[131]. Regulatory Compliance and Governance - The company has appointed a new independent director, Zhang Yong, following the resignation of Liu Qingjiang, ensuring compliance with board composition requirements[56]. - The company is adapting to stricter industry regulations and higher entry barriers, which may challenge its operational sustainability[49]. - The company has committed to adhere to new regulatory requirements and will provide supplementary commitments if necessary[81]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[111].

新疆伊力特实业股份有限公司关于参加 2022 年新疆辖区投资者 网上集体接待日暨上市公司业绩说明会活动的公告 证券代码：600197 证券简称：伊力特 公告编号：2022-019 新疆伊力特实业股份有限公司关于参加 2022 年新疆辖区 投资者网上集体接待日暨上市公司业绩说明会活动的公告 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、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2022 年 6 月 24 日参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的 2022 年新 疆辖区上市公司投资者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取 网络远程的方式举行，投资者可以登录全景网"投资者关系互动平台"网站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2022 年 6 月 2 ...

Financial Performance - In 2021, the company achieved a net profit of ¥353,467,078.43, with a distributable profit of ¥318,120,370.59 after allocating 10% to statutory reserves[4] - The company's operating revenue for 2021 was approximately ¥1.94 billion, an increase of 7.53% compared to ¥1.80 billion in 2020[19] - The net profit attributable to shareholders for 2021 was approximately ¥312.76 million, a decrease of 8.53% from ¥341.91 million in 2020[19] - The net cash flow from operating activities for 2021 was approximately ¥99.98 million, down 63.84% from ¥276.50 million in 2020[19] - The total assets at the end of 2021 were approximately ¥4.94 billion, an increase of 10.11% compared to ¥4.49 billion at the end of 2020[19] - The basic earnings per share for 2021 were ¥0.6651, a decrease of 15.4% from ¥0.7862 in 2020[21] - The weighted average return on equity for 2021 was 8.66%, a decrease of 2.17 percentage points from 10.83% in 2020[21] Dividend Distribution - The company plans to distribute a cash dividend of ¥4.10 per 10 shares, totaling ¥193,499,347.89 to shareholders[4] - In 2021, the company distributed a total cash dividend of approximately 191.13 million yuan, with a per-share distribution of 4.05 yuan (including tax) for every 10 shares[120] - The company has a cash dividend policy that stipulates a minimum of 30% of the average distributable profit over the next three years will be distributed in cash, contingent on profitability and cash flow[120] Corporate Governance - The company held one shareholders' meeting during the reporting period, ensuring compliance with legal procedures and allowing all shareholders to express their opinions[93] - The board of directors convened eight meetings, with independent directors actively participating and providing independent opinions on related transactions and profit distribution[93] - The supervisory board held four meetings, with two-thirds of its members being employee representatives, ensuring compliance with legal requirements[93] - The company has established a governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[93] - The company maintains independence from its controlling shareholder, ensuring no interference in internal decision-making[93] Market and Industry Insights - The white liquor industry saw a sales revenue increase of 18.6% to 603.3 billion yuan, with a profit growth of 33% to 170.2 billion yuan[38] - The company holds a 13.2% market share in the liquor industry, contributing to 69.5% of beverage liquor sales revenue and 87.3% of profits[38] - The company’s high-end liquor sales volume decreased by 17.64% year-on-year, while mid-range liquor sales increased by 7.04%[67] - The white liquor market is experiencing a shift towards higher quality consumption, driven by the preferences of younger consumers[80] Research and Development - The company has a technical innovation team of 281 members, with 125 dedicated R&D personnel, representing over 10% of the total workforce[35] - The company conducted 30 packaging review meetings, approving 52 packaging designs[32] - The research and development expenses rose by 13.87% to approximately ¥18.62 million, driven by increased personnel costs and depreciation of the new R&D center[45] Environmental Responsibility - The company is committed to environmental protection and green development, enhancing wastewater treatment and reducing emissions[86] - The company reported no instances of exceeding emission standards for both air and wastewater pollutants in 2021[129] - The company has implemented a self-monitoring plan for environmental compliance, accessible on the national pollution source monitoring platform[135] Related Party Transactions - The company reported a related party transaction amounting to CNY 24,419,551.69 during the reporting period, with an expected amount exceeding CNY 30 million for 2022[166] - The company has confirmed that there are no existing related transactions that should be disclosed according to laws and regulations[148] - The company has committed to not infringe on the interests of shareholders and to comply with relevant laws and regulations regarding related party transactions[151] Future Plans and Investments - The company aims to achieve a revenue target of 2,350 million CNY and a profit target of 550 million CNY for 2022[81] - In 2022, the company plans to invest CNY 293 million in the construction of the Yili Te Caohu Wine Culture Industrial Park, covering an area of approximately 130 acres[83] - The company aims to enhance its online sales strategy by participating in major e-commerce events and launching live streaming on its official Douyin account[74] Financial Stability - The company's consolidated asset-liability ratio as of December 31, 2021, is 22.93%[198] - The company maintains a long-term credit rating of "AA" with a stable outlook according to the tracking credit rating report[198] - The primary source of funds for repaying the convertible bonds will be cash flows generated from the company's operating activities[200]

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]