Financial Performance - In 2015, the company's operating revenue was CNY 1,637,534,258.74, a slight increase of 0.57% compared to CNY 1,628,293,376.49 in 2014[20]. - The net profit attributable to shareholders was CNY 281,927,822.20, representing a growth of 5.17% from CNY 268,072,499.02 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 262,315,119.59, which is an increase of 11.25% compared to CNY 235,786,886.51 in 2014[20]. - The company's total assets reached CNY 2,443,550,744.79 at the end of 2015, up 5.82% from CNY 2,309,183,021.32 in 2014[20]. - The net assets attributable to shareholders increased to CNY 1,821,887,631.22, marking an 11.00% rise from CNY 1,641,338,769.89 in the previous year[20]. - Basic earnings per share for 2015 were CNY 0.6393, reflecting a 5.17% increase from CNY 0.6079 in 2014[21]. - The weighted average return on equity was 16.20%, a decrease of 0.82 percentage points from 17.02% in 2014[21]. - The cash flow from operating activities was CNY 248,978,114.27, which is a 1.27% increase compared to CNY 245,858,267.12 in 2014[20]. - Operating profit reached CNY 402,435,700, a growth of 6.79% compared to the previous year[40]. - The gross profit margin for the liquor segment was 52.79%, an increase of 0.20 percentage points compared to the previous year[43]. Quarterly Performance - The company's total revenue for Q1 was approximately CNY 412.43 million, Q2 was CNY 394.50 million, Q3 was CNY 351.85 million, and Q4 was CNY 478.76 million, showing a significant increase in Q4 compared to Q3[24]. - The net profit attributable to shareholders for Q1 was CNY 72.28 million, Q2 was CNY 60.08 million, Q3 was CNY 96.95 million, and Q4 was CNY 52.61 million, indicating a notable drop in Q4 despite strong performance in Q3[24]. - The net profit after deducting non-recurring gains and losses for Q1 was CNY 71.67 million, Q2 was CNY 59.31 million, Q3 was CNY 93.47 million, and Q4 was CNY 37.87 million, reflecting a decline in Q4[24]. - The net cash flow from operating activities for Q1 was CNY 1.04 million, Q2 was CNY 64.99 million, Q3 was CNY 36.01 million, and Q4 was CNY 146.94 million, showing a strong recovery in Q4[24]. Industry Context - The company operates in the traditional liquor industry, which is currently experiencing a period of adjustment, transitioning from rapid decline to relative stability[34]. - The company’s operations are influenced by external factors such as economic slowdown and changes in consumer behavior, particularly in the liquor market[34]. - The overall revenue of the Chinese liquor industry in 2015 was ¥555.9 billion, with a year-on-year growth of 5.22%[57]. - The liquor industry in China experienced a total profit of ¥72.7 billion in 2015, marking a 4.04% increase from the previous year[57]. Strategic Initiatives - The company plans to distribute a cash dividend of CNY 4.00 per 10 shares to all shareholders, with no bonus shares or capital reserve conversion planned for the year[5]. - The company anticipates a shift in consumer demand towards mid to low-end liquor products, as high-end product prices decline[66]. - The company is focusing on innovation and personalized liquor products to adapt to changing market demands[66]. - The company aims to achieve a revenue of 1.65 billion CNY and a total profit of 410 million CNY in 2016[71]. - The company plans to invest 18 million CNY in cellar technology transformation and 45 million CNY in warehouse expansion and safety upgrades during the "13th Five-Year Plan" period[74]. - The company will focus on optimizing product structure, ensuring steady annual growth in sales of its flagship product "Yili Wang" and enhancing the market operation of its core products[72]. - The company intends to deepen market penetration in key regions outside Xinjiang and Zhejiang, aiming to transition from a regional brand to a national liquor brand[73]. Research and Development - Research and development expenses totaled CNY 25,300,000, accounting for 1.55% of operating revenue[49]. - The company has completed five R&D projects aimed at enhancing product quality and safety, with an investment of CNY 25,300,000 in various research initiatives[50]. - The company will focus on technological innovation, establishing a pilot workshop in 2016 to conduct research on production, quality, and food safety, thereby improving technological contributions[77]. Financial Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not reported any significant changes in its major assets during the reporting period[35]. - The company has not reported any significant changes in its business operations or strategies during the reporting period[119]. - The company has not reported any non-standard audit reports during the reporting period[90]. - The company has not encountered any situations that would lead to a risk of suspension from listing[92]. Shareholder Information - The total number of ordinary shareholders reached 35,021 by the end of the reporting period, an increase from 28,921 at the end of the previous month[110]. - The largest shareholder, Xinjiang Yili Liquor General Factory, holds 222,728,867 shares, representing 50.51% of total shares[112]. - The company has a total of 441,000,000 ordinary shares, with no changes in the number of shares during the reporting period[106]. - The company plans to implement a cash dividend policy, distributing 4.00 RMB per 10 shares for the year 2015, amounting to a total of 176,400,000 RMB, which represents 62.57% of the net profit attributable to shareholders[85]. Employee and Governance - The company has a total of 1,688 employees, with 1,216 in the parent company and 472 in major subsidiaries[135]. - The professional composition of employees shows that production personnel account for 79.74%, while sales personnel make up 1.36%[136]. - The company has established a training program aimed at enhancing employee skills and professional development to support its growth[140]. - The board of directors convened seven meetings during the reporting period, adhering to legal and procedural requirements[145]. - The company maintained independence from its controlling shareholder in business, personnel, assets, institutions, and finance, ensuring autonomous operational capabilities[155]. Risk Management - The company is facing economic environment risks due to macroeconomic fluctuations, including price increases and currency appreciation, which may impact the liquor industry[79]. - The company anticipates market supply and demand risks as other alcoholic beverages, such as wine, continue to challenge the white liquor market[79]. - The company has not identified any significant risks during the reporting period according to the supervisory board[154].

Financial Performance - Operating revenue for the first nine months reached ¥1,158,775,447.26, reflecting a slight increase of 0.60% year-on-year[7] - Net profit attributable to shareholders for the first nine months was ¥224,442,069.28, a decrease of 16.11% compared to the same period last year[7] - Basic earnings per share for the reporting period were ¥0.5200, down 15.60% from ¥0.6161 in the same period last year[8] - The company reported a decrease of 15.60% in diluted earnings per share compared to the previous year[8] - The total profit for the first nine months of 2015 was CNY 4,806,900.65, down from CNY 14,115,837.33 in the same period last year, reflecting a decline of about 66.0%[32] - The net profit attributable to the parent company for Q3 2015 was a loss of CNY 65,923.49, compared to a loss of CNY 14,821.59 in Q3 2014, indicating a worsening performance[29] - The basic earnings per share for Q3 2015 was CNY 0.2198, compared to CNY 0.2826 in Q3 2014, showing a decrease of approximately 22.2%[29] - The company reported a total comprehensive income of CNY 96,951,277.48 for Q3 2015, down from CNY 124,621,264.36 in the same period last year, a decline of about 22.2%[29] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,769,227,091.27, an increase of 7.79% compared to the previous year's end[7] - Total liabilities as of September 30, 2015, were CNY 1,200,000,000, reflecting a significant increase compared to previous periods[18] - The company’s total liabilities increased to ¥191,586,090.90, compared to ¥127,474,000.01 in the previous reporting period, indicating a rise of approximately 50.3%[40] - The total assets as of September 30, 2015, amounted to CNY 2,026,861,595.48, up from CNY 2,011,411,468.83 at the beginning of the year[23] - Current assets increased to CNY 610,860,006.57 from CNY 380,697,801.64 at the beginning of the year, reflecting a growth of approximately 60%[21] - The company's equity totaled CNY 441,000,000.00, remaining unchanged from the previous period[23] Cash Flow - The net cash flow from operating activities for the first nine months was ¥102,038,331.84, up from ¥66,729,699.80 in the previous year[7] - Operating cash inflow for the first nine months was ¥462,674,938.23, up from ¥379,484,319.35 in the previous year, indicating a growth of about 21.9%[39] - The company reported a net cash outflow from operating activities of ¥48,102,896.31 for the third quarter, compared to a net outflow of ¥59,092,655.57 in the previous quarter, showing an improvement of approximately 18.5%[38] - Cash flow from operating activities for the first nine months of 2015 was CNY 1,253,620,914.63, compared to CNY 1,258,192,372.52 in the same period last year, indicating a slight decrease[36] Investment and Development - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[24] - The company aims to enhance its market expansion strategies and invest in new product development to drive future growth[39] Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the report includes details on the top ten shareholders[12] - The company’s major shareholder, Xinjiang Yili Liquor Factory, holds 50.51% of the shares, ensuring control over company decisions[15] - The company has committed to avoiding competition with its major shareholder, focusing on developing new products and markets[15] - The company has maintained compliance with its commitments regarding competition and conflict of interest since its listing[15]

Financial Performance - The company's operating revenue for the first half of 2015 was approximately RMB 806.93 million, a slight increase of 0.79% compared to RMB 800.60 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was approximately RMB 132.37 million, representing a decrease of 10.00% from RMB 147.08 million in the previous year[17]. - The basic earnings per share for the first half of 2015 was RMB 0.3002, down 10.00% from RMB 0.3335 in the same period last year[17]. - Operating profit decreased to 203 million RMB, down 12.85% compared to the previous year[22]. - Net profit attributable to shareholders was 132 million RMB, a decrease of 10.00% year-on-year[22]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was approximately RMB 130.97 million, down 10.19% from RMB 145.83 million in the previous year[17]. - The total profit for the current period was ¥203,726,365.98, down 12.7% from ¥233,502,000.32 in the previous period[68]. - The company reported a net loss of CNY 101,430,000.00 distributed to shareholders during the period[82]. - The total comprehensive income for the period amounted to CNY 268,816,079.34, indicating a positive performance despite the loss attributed to shareholders[84]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching RMB 66.03 million, compared to a negative cash flow of RMB 32.34 million in the previous year, marking a 304.20% increase[17]. - The net cash flow from operating activities for the first half of 2015 was ¥66,030,136.09, a significant improvement compared to a net outflow of ¥32,336,364.76 in the same period last year[74]. - Total cash inflow from operating activities amounted to ¥869,600,325.02, while cash outflow was ¥803,570,188.93, resulting in a net cash flow of ¥66,030,136.09[74]. - The cash flow from investment activities showed a net outflow of ¥17,586,581.46, contrasting with a net inflow of ¥284,681,759.04 in the previous year[74]. - The total cash inflow from investment activities was ¥110,279.55, while cash outflow was ¥17,696,861.01, leading to a net cash flow from investment activities of -¥17,586,581.46[76]. - The total cash and cash equivalents increased by ¥48,443,554.63 during the period, compared to an increase of ¥252,345,394.28 in the previous period[75]. - The company's cash and cash equivalents at the end of the period amounted to ¥831,561,860.05, an increase from ¥783,118,305.42 at the beginning of the period, reflecting a growth of approximately 6.3%[193]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately RMB 2.23 billion, a decrease of 3.30% from RMB 2.31 billion at the end of the previous year[17]. - The total current assets as of June 30, 2015, amounted to CNY 1,641,192,277.91, a decrease from CNY 1,715,373,644.81 at the beginning of the period[60]. - Current liabilities decreased from ¥634,309,024.94 to ¥527,312,150.67, a reduction of about 16.9%[61]. - Total liabilities decreased from ¥655,668,918.59 to ¥548,547,046.32, representing a decrease of approximately 16.3%[61]. - The company's retained earnings rose from ¥741,465,484.05 to ¥772,402,527.95, an increase of about 4.1%[62]. - The total equity increased from ¥1,653,514,102.73 to ¥1,684,355,891.13, reflecting a growth of approximately 1.9%[62]. - The total equity attributable to the parent company at the end of the reporting period is CNY 1,684,355,891.13, compared to CNY 1,487,643,319.09 at the end of the previous period, reflecting an increase of approximately 13.3%[81]. Shareholder Information - The company distributed a cash dividend of 2.30 yuan per 10 shares, totaling 101,430,000 yuan based on a total share capital of 441,000,000 shares as of December 31, 2014[39]. - The total number of shareholders as of the reporting period end is 29,922[54]. - The company reported a total of 222,728,867 shares held by the largest shareholder, accounting for 50.51% of total shares[56]. - The second-largest shareholder holds 5,294,809 shares, representing 1.20% of total shares[56]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[58]. Operational Highlights - The company is focusing on deepening reforms and seeking new growth points amid challenging market conditions[26]. - Revenue from domestic sales was 601.94 million RMB, an increase of 8.10%, while revenue from outside the region decreased by 18.95% to 181.66 million RMB[29]. - The gross margin for white liquor sales was 51.89%, a decrease of 1.22 percentage points year-on-year[31]. - The company has a rental agreement for 10,000 acres of farmland with an annual rental income of 1,170,000 yuan, ensuring consistent revenue until May 22, 2020[45]. - The company signed a lease for the entire asset of the Yili Hotel, with the first-year rent set at 5,080,000 yuan and subsequent annual payments of 4,000,000 yuan for the next five years[46]. Accounting Policies and Estimates - The company has not changed the measurement attributes of report items during the reporting period[186]. - The company's financial statements did not report any significant changes in accounting policies or estimates during the period[190]. - The company recognizes financial assets or liabilities when it becomes a party to the financial instrument contract, measuring them at fair value upon initial recognition[119]. - The company tests financial assets for impairment at the balance sheet date and recognizes impairment losses if there is objective evidence of impairment[125]. - The company recognizes revenue from sales of goods when ownership risks and rewards are transferred, and the amount can be reliably measured[172].

Financial Performance - Net profit attributable to shareholders decreased by 22.52% to CNY 72,284,139.96 compared to the same period last year[6] - Basic earnings per share decreased by 22.51% to CNY 0.1639 compared to the same period last year[6] - The weighted average return on equity decreased by 1.83 percentage points to 4.31%[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 22.81% to CNY 71,665,587.62 compared to the same period last year[6] - The net profit attributable to shareholders decreased by 22.52% compared to the same period last year, primarily due to a reversal of impairment provision for long-term equity investments amounting to RMB 25.5 million in the previous year[15] - Net profit for Q1 2015 was CNY 72,344,084.14, down from CNY 93,346,010.26, reflecting a decrease of approximately 22.47%[24] - The company reported an operating profit of CNY 112,838,151.85, down from CNY 138,749,340.23, reflecting a decrease of about 18.71%[24] - The total comprehensive income for Q1 2015 was CNY 30,438,884.51, compared to CNY 25,751,583.99 in Q1 2014, reflecting a growth of 18.5%[27] Assets and Liabilities - Total assets decreased by 4.58% to CNY 2,203,359,682.53 compared to the end of the previous year[6] - As of March 31, 2015, total assets amounted to RMB 2,203,359,682.53, a decrease from RMB 2,309,183,021.32 at the beginning of the year[18] - Total liabilities decreased from RMB 655,668,918.59 at the beginning of the year to RMB 477,501,495.66[19] - The company reported a total current liabilities of RMB 455,946,666.82, down from RMB 634,309,024.94 at the beginning of the year[18] - The total assets at the end of Q1 2015 amounted to CNY 2,223,293,159.57, compared to CNY 2,011,411,468.83 at the beginning of the year, showing an increase of about 10.52%[23] - Total liabilities increased to CNY 651,939,062.78 from CNY 470,496,256.55, marking a rise of approximately 38.49%[23] Cash Flow - Net cash flow from operating activities decreased significantly by 97.06% to CNY 1,043,497.27 compared to the same period last year[6] - Operating cash flow for Q1 2015 was CNY 1,043,497.27, a significant decrease from CNY 35,457,754.51 in the previous year[28] - The company reported a cash and cash equivalents balance of CNY 773,082,329.13 at the end of Q1 2015, down from CNY 683,891,029.68 at the end of Q1 2014[29] - Cash inflow from investment activities was $5,099,793.78, a notable increase from $304,861,872.31 in the previous period[33] - Cash outflow from investment activities totaled $4,903,068.51, compared to $1,653,584.03 in the previous period[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,740[14] - The largest shareholder, Xinjiang Yili Liquor Factory, holds 50.51% of the shares[12] Revenue and Costs - Operating income increased slightly by 0.75% to CNY 412,429,845.92 compared to the previous year[6] - Total revenue for Q1 2015 was CNY 412,429,845.92, a slight increase from CNY 409,340,645.75 in the previous period, representing a growth of approximately 0.51%[23] - Total operating costs for Q1 2015 were CNY 299,910,080.70, up from CNY 270,656,229.92, indicating an increase of about 10.83%[24] - The company incurred operating costs of CNY 141,075,497.05 in Q1 2015, compared to CNY 118,758,909.13 in Q1 2014, representing a 18.8% increase[26] Government Subsidies - The company received government subsidies amounting to CNY 479,499.52 during the reporting period[10] Inventory and Receivables - Accounts receivable increased significantly from RMB 9,931,187.01 at the beginning of the year to RMB 19,703,721.76[17] - Inventory decreased from RMB 647,976,419.51 at the beginning of the year to RMB 520,347,547.52[17] - The company's inventory decreased slightly to CNY 436,606,484.57 from CNY 446,349,630.73, a decline of approximately 2.00%[22] Equity - The company's equity attributable to shareholders increased from RMB 1,641,338,769.89 at the beginning of the year to RMB 1,713,622,909.85[19] - The total equity at the end of Q1 2015 was CNY 1,571,354,096.79, an increase from CNY 1,540,915,212.28, representing a growth of approximately 1.97%[23] Tax Expenses - The company reported a decrease in tax expenses to CNY 4,806,900.65 in Q1 2015 from CNY 8,583,861.33 in Q1 2014, reflecting improved tax efficiency[27]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.30 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2014, with no bonus shares or capital reserve conversion[8]. - The company has a commitment to distribute at least 60% of its distributable profits as cash dividends annually for five consecutive years[24]. - In 2014, the company distributed cash dividends amounting to 101,430,000.00 RMB, representing 37.84% of the net profit attributable to shareholders[96]. - The company reported a 2014 annual dividend policy that aligns with its articles of association, with no new shares issued during the year[95]. Financial Performance - The company's operating revenue for 2014 was approximately ¥1.63 billion, a decrease of 7.12% compared to ¥1.75 billion in 2013[30]. - Net profit attributable to shareholders was approximately ¥268 million, down 1.71% from ¥273 million in 2013[30]. - The basic earnings per share for 2014 was ¥0.6079, a decrease of 1.71% from ¥0.6185 in 2013[32]. - The net profit after deducting non-recurring gains and losses increased by 102.83% to approximately ¥236 million, compared to ¥116 million in 2013[32]. - Cash flow from operating activities decreased by 38.14% to approximately ¥246 million, down from ¥397 million in 2013[30]. - Total assets at the end of 2014 were approximately ¥2.31 billion, a slight increase of 0.43% from ¥2.30 billion at the end of 2013[31]. - The weighted average return on equity decreased to 17.02% from 19.40% in 2013[32]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[5]. - No penalties or administrative actions were imposed on the company or its major stakeholders by the China Securities Regulatory Commission during the year[107]. - The company’s audit committee confirmed that the 2014 financial statements were prepared in accordance with accounting standards and reflected the financial position accurately[153]. - The company’s independent auditors issued a standard unqualified opinion on the 2014 financial report, indicating no significant errors or omissions were found[153]. Operational Efficiency and Innovations - The company reported a significant increase in net profit attributable to shareholders after excluding non-recurring items, indicating improved operational efficiency[32]. - The company invested 2.7 million yuan in quality management initiatives, including the implementation of a dual performance evaluation system and strict quality control measures, resulting in 22 batches of products being tested with all passing[38]. - The company implemented technological innovations that led to significant improvements in production processes, including the use of tail liquor re-distillation methods to enhance product quality[43]. - Continuous investment in research and development for brewing technology is prioritized to improve product quality and operational efficiency[88]. Market and Sales Strategy - The company signed strategic cooperation agreements with "JiuXianWang" and "JiuKuaiDao" to enhance its online marketing strategy and expand its sales channels into third and fourth-tier markets[45]. - The company aims to achieve a total operating income of 1.65 billion yuan and a total profit of 350 million yuan for the year 2015[73]. - The company will focus on channel development, particularly in third and fourth-tier markets, to ensure product visibility and accessibility[80]. - The company aims to establish a market competition advantage by adapting to the new economic environment and focusing on customer-centric strategies[77]. Governance and Management - The company has a stable management team with most members having over five years of experience in their respective roles[128]. - The total remuneration for the board members and senior management during the reporting period amounted to CNY 3.45 million, with the highest individual remuneration being CNY 0.458 million for the chairman[127]. - The company has not granted any stock incentives to directors, supervisors, or senior management during the reporting period[129]. - The company’s governance structure was continuously improved, focusing on rectifying issues and enhancing operational standards[6]. Cash Flow and Assets - The company reported a cash balance of ¥783,118,305.42 as of December 31, 2014, an increase from ¥360,275,967.27 at the beginning of the year, reflecting a growth of approximately 117.5%[169]. - The net cash flow from operating activities decreased to CNY 245,858,267.12, down 38.2% from CNY 397,420,623.04[184]. - Total assets increased slightly to CNY 2,309,183,021.32 from CNY 2,299,375,373.55, reflecting a growth of approximately 0.04%[170]. - The total liabilities decreased from CNY 811,732,054.46 to CNY 655,668,918.59, a decline of about 19.22%[170]. Strategic Development - The company aims to enhance its cultural competitiveness and brand value by focusing on its "hero culture" as a core element of its development strategy[94]. - The company has identified a need to diversify its operations beyond its main business to strengthen its economic resilience and explore new growth points in printing, glass, and logistics sectors[94]. - The company is pursuing mixed-ownership reforms to diversify its equity structure and attract strategic investment partners[76]. - The company plans to deepen marketing system reforms, emphasizing the optimization of product structure and the cultivation of new growth points[78].

一、 重要提示 新疆伊力特实业股份有限公司 2014 年第三季度报告 新疆伊力特实业股份有限公司 2014 年第三季度报告 1 / 25 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 新疆伊力特实业股份有限公司 2014 年第三季度报告 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、 准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人徐勇辉、主管会计工作负责人戴志坚及会计机构负责人（会计主管人 员）朱继新保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 25 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 2,132,003,777.61 2,299,375,373.55 -7.28 归属于上市 ...

Financial Performance - The company achieved operating revenue of CNY 800.60 million, a decrease of 23.61% compared to the same period last year[17]. - The net profit attributable to shareholders was CNY 147.08 million, down 9.05% year-on-year[17]. - The basic earnings per share decreased by 9.05% to CNY 0.3335 from CNY 0.3667 in the previous year[17]. - The weighted average return on net assets fell by 1.55 percentage points to 10.16%[17]. - The net cash flow from operating activities was negative at CNY -32.34 million, a decline of 145.58% compared to the previous year[17]. - The company reported a significant decrease in operating costs by 34.39% to CNY 385.76 million[19]. - Research and development expenses increased by 8.68% to CNY 14.70 million[19]. - The company's main business revenue from liquor decreased by CNY 154.49 million, a decline of 16.51% year-on-year[20]. - The revenue from liquor sales in regions outside Xinjiang fell by 21.44%, while revenue from within Xinjiang decreased by 14.35%[25]. - The gross profit margin for liquor sales was 53.11%, which is a decrease of 0.66 percentage points compared to the previous year[23]. Assets and Liabilities - The total assets decreased by 6.15% to CNY 2.16 billion compared to the end of the previous year[17]. - Total current liabilities decreased to CNY 606,398,117.08 from CNY 794,307,087.63, a reduction of about 23.7%[57]. - The company's total equity increased to CNY 1,533,353,577.11 from CNY 1,487,643,319.09, showing a growth of approximately 3.1%[57]. - The total assets of Xinjiang Yili Industrial Co., Ltd. as of June 30, 2014, amounted to CNY 2,158,058,294.32, a decrease from CNY 2,299,375,373.55 at the beginning of the year[55]. - The company's total equity at the end of the reporting period is CNY 1,379,041,763.01, a decrease of CNY 30,587,248.53 compared to the previous period[82]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,669, with the largest shareholder, Xinjiang Yili Brewing Group, holding 50.51% of shares[46]. - Xinjiang Yili Brewing Group's total shareholding amounts to 222,728,867 shares, with no changes reported during the period[46]. - The company distributed a cash dividend of CNY 0.23 per share, totaling CNY 101.43 million, based on a total share capital of 441 million shares[34]. Subsidiaries and Investments - The total revenue for the wholly-owned subsidiary Xinjiang Yili Te Distribution Company was CNY 69.98 million, with a net profit of CNY 14.14 million[30]. - The company reported a net profit of CNY -2.63 million for its wholly-owned subsidiary Yili Te Glass Products Co., Ltd.[32]. - The company made no equity investments during the reporting period, a 100% decrease from CNY 30.36 million in the same period last year[27]. - The company has established a wholly-owned subsidiary, Xinjiang Yilite Distribution Company, with a registered capital of 11,000,000 RMB, focusing on wholesale and retail of alcoholic beverages and packaging recycling[171]. Cash Flow Management - The company's cash and cash equivalents increased to CNY 612,621,361.55 from CNY 360,275,967.27, reflecting a growth of approximately 70.0%[55]. - The net cash flow from operating activities was -32,336,364.76 RMB, a decrease compared to 70,943,494.75 RMB in the previous period[68]. - Total cash inflow from operating activities amounted to 803,008,829.46 RMB, while cash outflow was 835,345,194.22 RMB, resulting in a net cash outflow[68]. Governance and Compliance - The company has not engaged in any major litigation, arbitration, or media disputes during the reporting period[37]. - The company’s governance structure complies with relevant laws and regulations, indicating a well-functioning operation[43]. - There were no management or shareholder penalties or administrative actions reported during the period[42]. Market Conditions - The company faced unprecedented downward pressure due to ongoing adjustments in the liquor industry[18]. - The company has actively adjusted its product structure and marketing network to cope with the deteriorating market environment[21]. Inventory and Receivables - The company has a total inventory of CNY 571,430,146.72, with a decrease from the previous period's CNY 662,375,896.33[198]. - The accounts receivable at the end of the period totaled RMB 23,343,962.02, with a bad debt provision of RMB 3,501,610.23, representing a provision ratio of 15.00%[179]. - The aging analysis shows that 94.95% of receivables are due within one year[193]. Financial Reporting and Accounting Policies - The company continues to operate under the accounting policies established in February 2006, ensuring compliance with relevant financial reporting standards[88]. - The financial statements reflect the company's financial position as of June 30, 2014, in accordance with the applicable accounting standards[91]. - The company did not report any significant changes in accounting policies or prior period error corrections during this reporting period[80].

Financial Performance - The company achieved operating revenue of 1,753,072,622.48 CNY in 2013, a decrease of 1.07% compared to the previous year[19]. - The net profit attributable to shareholders of the listed company was 272,748,595.53 CNY, an increase of 14.99% year-over-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 116,249,986.82 CNY, a decrease of 49.5% compared to the previous year[19]. - The company reported a net cash flow from operating activities of 397,420,623.04 CNY, down 9.68% from the previous year[19]. - Basic earnings per share were 0.6185 CNY, reflecting a year-over-year increase of 14.98%[20]. - The weighted average return on net assets was 19.40%, slightly up from 19.30% in the previous year[20]. - The company reported a total asset value of 2,299,375,373.55 CNY, a decrease of 17.75% compared to the previous year[19]. - The company reported a significant increase in R&D expenditure by 49.58% to CNY 30,500,000.00[29]. - The company reported a decrease in investment amounting to 79.20%, totaling 68.14 million RMB compared to 327.62 million RMB in the previous year[47]. - The company reported a net profit of RMB 27,859.50 million in 2013[89]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 2.30 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[5]. - The company reported a cash dividend of 2.30 RMB per 10 shares for 2013, with a payout ratio of 37.19% of net profit attributable to shareholders[68]. - The total number of shareholders at the end of the reporting period was 46,425, an increase from 45,031 in the five trading days prior to the annual report disclosure[83]. - The largest shareholder, Xinjiang Yili Liquor General Factory, holds 50.51% of the shares, totaling 222,728,867 shares[83]. - The total number of shares remained at 441 million, with no changes in restricted shares during the reporting period[80]. Strategic Adjustments and Business Operations - The company completed the transfer of 51% equity in its coal chemical subsidiary and acquired 100% equity in Jingying Glass Company during the reporting period[24]. - The company’s strategic adjustments included divesting from non-core industries to optimize its economic structure and enhance operational efficiency[24]. - The company aims to enhance employee income and living standards while implementing refined management strategies and optimizing product structure[59]. - The company plans to deepen market penetration and implement a marketing strategy focusing on customer relationship management and expanding outside markets[61]. - The company plans to shift its distribution model from traditional wholesale to deep distribution and direct sales, focusing on county-level markets[62]. Quality Control and Compliance - The company achieved a 100% inspection pass rate for its products, enhancing its quality control measures[28]. - The company maintains a 100% product pass rate for outgoing products, emphasizing quality management and safety standards[64]. - The company received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The internal control system was established and effectively implemented, ensuring compliance with relevant laws and regulations[113]. - The company’s internal control self-assessment reported no deficiencies related to non-financial reporting controls[113]. Management and Governance - The company has maintained a stable management team, with key personnel holding their positions for multiple years[93]. - The total compensation for senior management during the reporting period amounted to 298.9 million yuan, with an average of 16.8 million yuan per person[91]. - The company has a total of 12 board members, including independent directors and supervisors, with varying tenures[95]. - The company continues to focus on maintaining strong governance and management practices[94]. - The company has established good investor relations through various communication methods, ensuring transparency and engagement with stakeholders[103]. Asset Management and Financial Position - The company reported a total cash inflow from financing activities of ¥124,444,494.73, with cash outflow amounting to ¥224,801,885.11, leading to a net cash flow of -¥218,116,734.10, compared to -¥173,922,647.28 in the previous year[138]. - The total assets decreased to CNY 2,299,375,373.55 from CNY 2,795,492,246.70, a decline of approximately 17.8%[123]. - Total liabilities decreased to CNY 811,732,054.46 from CNY 1,451,185,339.36, a decline of approximately 44.0%[123]. - Total equity increased to CNY 1,487,643,319.09 from CNY 1,344,306,907.34, reflecting a growth of about 10.6%[123]. - The company’s total liabilities at the end of the year were CNY 1,344,306,907.34, reflecting a stable financial position[146]. Research and Development - Research and development expenses totaled 30.50 million RMB, representing 2.06% of net assets and 1.74% of operating income, with six projects completed during the reporting period[38]. - The company is committed to enhancing its technological innovation capabilities, focusing on food safety and new product development[64]. Legal and Regulatory Compliance - The company had no significant litigation, arbitration, or media scrutiny during the reporting period[69]. - The company did not experience any penalties or administrative actions from the China Securities Regulatory Commission[77]. - The company has maintained a governance structure that complies with the Company Law and relevant regulations, with no significant issues reported[101].

新疆伊力特实业股份有限公司 600197 2014 年第一季度报告 | 2 | 14 | 1 | | --- | --- | --- | | | 2 | 1 | | 一、 | 重要提示 2 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 0 | | 四、 | 附录 1 | 600197 新疆伊力特实业股份有限公司 2014 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连 带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位:元 币种:人民币 1.3 公司负责人徐勇辉、主管会计工作负责人戴志坚及会计机构负责人（会计 主管人员）朱继新保证季度报告中财务报表的真实、准确、完整。 1.4 公司第一季度报告中的财务报表未经审计。 600197 新疆伊力特实业股份有限公司 2014 年第一季度报告 | | 本报告期末 | | 上年度末 | 本报告期末比上年度末 | | ...