Financial Performance - The total operating revenue for Q1 2023 was RMB 432,469,904.21, an increase of 25.5% compared to RMB 344,642,502.13 in Q1 2022[24] - The total operating costs for Q1 2023 were RMB 474,441,914.80, up 29.3% from RMB 366,698,305.00 in Q1 2022[24] - The company reported a net loss attributable to shareholders of RMB -41,161,469.42 for Q1 2023, compared to a loss of RMB -12,545,004.17 in Q1 2022[26] - The basic and diluted earnings per share for Q1 2023 were both RMB -0.0626, compared to RMB -0.0191 in Q1 2022[26] - The company reported a total comprehensive loss of RMB -40,471,051.98 for Q1 2023, compared to a loss of RMB -12,239,161.55 in Q1 2022[26] - The company’s total liabilities and equity structure indicates a need for strategic adjustments to improve financial stability[33] Cash Flow - The net cash inflow from operating activities was RMB 490,852,262.38, compared to RMB 343,985,313.90 in the same period last year, reflecting a significant increase[11] - The net cash flow from operating activities was -¥1,343,025.35, showing a significant decline[52] - The company’s cash and cash equivalents decreased by ¥31,930,880.34, reflecting a challenging cash flow situation[35] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,415,988,659.80, an increase of 0.63% compared to the previous year[33] - The total liabilities amounted to ¥901,763,778.97, up from ¥839,745,142.92[60] - Equity attributable to shareholders decreased by 1.62% to ¥2,503,806,638.96 from ¥2,545,029,038.17[33] - The total equity attributable to shareholders was ¥2,503,806,638.96, down from ¥2,545,029,038.17[60] Research and Development - The research and development expenses for Q1 2023 were RMB 2,327,116.58, a decrease of 70.3% from RMB 7,819,598.36 in Q1 2022[24] - Research and development expenses decreased by 70.24%, indicating a reduction in investment in this area[35] Shareholder Information - The top shareholder, Anhui Jinzhongzi Group Co., Ltd., holds 27.1% of the shares, totaling 178,257,084 shares[18] Other Income and Expenses - The company received government subsidies amounting to RMB 1,588,672.74 during the reporting period[3] - The company reported a significant decrease in other income by 82.77%, attributed to a reduction in government subsidies compared to the previous year[35] - The company experienced a fair value loss of RMB -12,605.53 from investment income during the reporting period[24] Receivables - Accounts receivable increased by 32.82%, primarily due to increased credit sales to pharmaceutical customers[53] - Other receivables rose by 36.71%, mainly due to an increase in funds for the new product launch[53] Return on Assets - The weighted average return on net assets decreased by 1.17 percentage points to -1.63%[52]

Financial Performance - The total assets of Anhui Yingshang County Jinzhongzi Liquor Co., Ltd. reached 369.03 million yuan, with operating income of 154.44 million yuan and net profit of 19.26 million yuan during the reporting period[5]. - The company reported a revenue of 1.5 billion CNY for the last quarter, representing a year-over-year growth of 12%[22]. - The company reported a net profit attributable to the parent company of -187.12 million RMB for the fiscal year 2022, with a net cash flow from operating activities of -461.85 million RMB, meeting the criteria for not distributing cash dividends[62]. - The total operating revenue for 2022 was ¥1,185,751,744.31, a decrease of approximately 2.5% from ¥1,211,286,174.72 in 2021[180]. - The net profit for 2022 was a loss of ¥186,087,528.75, compared to a loss of ¥165,469,061.85 in 2021, reflecting an increase in losses of approximately 12.3%[180]. - Basic and diluted earnings per share were both CNY -0.28, a decrease from CNY -0.25 year-over-year[182]. - The company reported a decrease in sales revenue from CNY 579,405,532.26 to CNY 472,434,591.78, indicating a decline in operational performance[189]. Strategic Initiatives - The company aims to enhance its brand strategy by focusing on the "one body, two wings" approach, which includes the development of the Jinzhongzi Fuhuo Xiang brand and the high-end brand Zui Sanqiu[8]. - The company plans to optimize its existing product structure and complete the upgrade and launch of mainline products as part of its brand reshaping efforts[8]. - The marketing strategy includes strengthening the construction of two marketing teams and focusing sales expenses on model markets and core products[9]. - The company is committed to improving its research and development capabilities and enhancing product quality through increased investment in basic research[10]. - The company is investing 100 million CNY in R&D for new technologies aimed at enhancing product quality[22]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology and product development initiatives[25]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product portfolio[25]. - The company is considering strategic acquisitions to enhance its distribution network, with a budget of 300 million CNY allocated for potential deals[22]. - The company is exploring new strategic partnerships to enhance its competitive edge in the industry[25]. Market and User Engagement - User data showed an increase in active users by 15% compared to the previous quarter, reaching a total of 3 million active users[22]. - A new marketing strategy focusing on digital channels is expected to increase customer engagement by 20%[22]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[22]. Governance and Management - The company held 6 board meetings during the year, with 1 in-person meeting and 3 conducted via communication methods[30]. - The company has undergone significant management changes, including the resignation of several key executives such as Zhang Xiangyang and Liu Xijin[27]. - The board of directors has been restructured, with new appointments including He Xiuxia as General Manager and several new independent directors[27]. - The compensation for directors and senior management is determined by the board's remuneration and assessment committee, subject to approval by the board and shareholders[26]. - The company has implemented a new strategy for financial management, emphasizing performance-based compensation linked to operational results[26]. - The company is committed to maintaining transparency in its financial reporting and governance practices, as evidenced by the regular board meetings and oversight mechanisms[30]. Social Responsibility and Environmental Impact - A total of 6.51 million yuan was invested in poverty alleviation and rural revitalization projects, benefiting 1,287 individuals through industry-related assistance[52]. - The company invested 5.88 million RMB in environmental protection during the reporting period[68]. - The company has established a mechanism for environmental protection and has complied with national laws and regulations regarding environmental impact assessments[71]. - The company has implemented various social responsibility initiatives, including donations of alcohol and masks to support local communities[76]. Financial Position and Assets - As of December 31, 2022, the book value of inventory for Jinzhongzi Wine was 1,328.57 million RMB, accounting for 39.14% of total assets and 62.86% of current assets, with semi-finished products valued at 1,110.42 million RMB[58]. - The total assets decreased from 3,865,775,716.76 to 3,394,502,005.53, a decline of approximately 12.2%[152]. - Current assets decreased from 2,617,487,652.86 to 2,113,581,594.44, representing a decrease of about 19.3%[152]. - Cash and cash equivalents decreased from 887,668,548.00 to 510,641,096.39, a reduction of approximately 42.5%[152]. - Accounts receivable decreased from 143,475,217.52 to 80,344,350.14, a decline of about 44.0%[153]. - Inventory decreased slightly from 1,341,851,967.67 to 1,328,567,555.88, a decrease of approximately 1.0%[153]. - Non-current assets increased from 1,248,288,063.90 to 1,280,920,411.09, an increase of about 2.6%[153]. - Long-term equity investments increased from 4,486,525.00 to 4,726,509.81, an increase of approximately 5.4%[153]. Audit and Compliance - The company’s financial report was audited by Rongcheng Accounting Firm, which provided an audit opinion based on sufficient and appropriate evidence[80]. - The company maintained a good integrity status for itself and its controlling shareholders during the reporting period[144]. - The company has no major related party transactions that were not disclosed in temporary announcements[142]. - The company has not disclosed any significant related party transactions or changes in ownership during the reporting period[83]. - The company has not disclosed any significant contracts or their performance during the reporting period[122].

证券代码：600199 证券简称：金种子酒 公告编号：临 2023-029 安徽金种子酒业股份有限公司 关于召开2022年度业绩说明会的公告 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。 重要内容提示： ◆ 会议召开时间：2023 年 05 月 26 日(星期五) 下午 15:00-16:30 ◆ 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网址： http://roadshow.sseinfo.com/） ◆ 会议召开方式：上证路演中心视频直播和网络互动 ◆ 投资者可于 2023 年 05 月 19 日(星期五) 至 05 月 25 日(星期四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 jnsy199@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 安徽金种子酒业股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度 经营成果 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥213,101,812.14, a decrease of 18.59% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥80,583,764.03, with a year-to-date net profit of -¥135,663,981.07[6]. - The basic and diluted earnings per share for the quarter were both -¥0.1225, reflecting a negative performance[9]. - Net profit for the third quarter of 2022 was reported at -¥134,371,419.90, compared to -¥143,689,598.32 in the third quarter of 2021, showing an improvement of approximately 6.5%[34]. - The basic earnings per share for the third quarter of 2022 was -¥0.2062, compared to -¥0.2193 in the same quarter of 2021, reflecting an improvement of approximately 7.1%[36]. - The company reported a total comprehensive loss of -¥134,371,419.90 for the third quarter of 2022, compared to -¥143,689,598.32 in the same quarter of 2021, indicating a reduction in losses[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,342,362,530.44, down 13.54% from the end of the previous year[9]. - The owner's equity attributable to shareholders of the listed company was ¥2,601,151,439.68, a decrease of 4.90% compared to the previous year[9]. - The company's total liabilities decreased from ¥1,121,881,570.94 to ¥731,225,198.16, reflecting a reduction of about 34.7%[27]. - The total equity attributable to shareholders decreased from ¥2,735,200,814.40 to ¥2,601,151,439.68, a decline of approximately 4.9%[27]. - Current liabilities decreased to ¥566,833,750.61 from ¥951,579,758.60, a reduction of approximately 40.4%[25]. - The company reported a significant reduction in accounts payable from ¥511,290,707.82 to ¥264,615,849.57, a decrease of about 48.3%[25]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥451,165,498.24, indicating significant cash outflow[9]. - The net cash flow from operating activities for the first three quarters of 2022 was -451,165,498.24 RMB, compared to -313,560,840.06 RMB in the same period of 2021, indicating a decline in cash flow performance[41]. - Total cash inflow from operating activities was 1,048,148,077.39 RMB, up from 672,231,420.41 RMB year-over-year, reflecting a growth of approximately 56%[38]. - Cash outflow from operating activities increased to 1,499,313,575.63 RMB in 2022 from 985,792,260.47 RMB in 2021, representing a rise of about 52%[41]. - The company received 18,904,278.21 RMB in tax refunds during the first three quarters of 2022, with other cash received related to operating activities totaling 30,255,818.27 RMB[38]. - The ending cash and cash equivalents balance was 488,621,503.56 RMB, down from 693,476,769.22 RMB at the end of the previous year, reflecting a decrease of approximately 30%[41]. Investments - The company reported a decrease of 44.95% in cash and cash equivalents year-to-date, primarily due to settlement of cross-period material payments[14]. - Investment income decreased by 40.43% year-to-date, attributed to reduced financial management income[14]. - The net cash flow from investing activities increased by 54.71% year-to-date, due to the recovery of principal and investment income from financial products[16]. - Cash inflow from investment activities was 205,313,200.25 RMB, down from 549,375,357.00 RMB in the previous year, indicating a decrease of approximately 63%[41]. - The net cash flow from investment activities was 52,494,654.80 RMB, compared to 33,930,065.29 RMB in the same period of 2021, showing an increase of about 55%[41]. - The total cash outflow for investment activities was 152,818,545.45 RMB, significantly lower than 515,445,291.71 RMB in the same period of 2021, showing a decrease of approximately 70%[41]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 109,199[17]. - Anhui Jinzong Seed Group Co., Ltd. holds 178,257,084 shares, accounting for 27.10% of total shares[17]. Research and Development - Research and development expenses for the third quarter of 2022 were ¥19,214,068.27, slightly down from ¥20,538,879.66 in the previous year, indicating a decrease of about 6.4%[30]. - The company has not disclosed any new product or technology developments in the current reporting period[19]. Mergers and Acquisitions - There are no significant mergers or acquisitions reported during this quarter[19]. Revenue and Costs - Total operating revenue for the first three quarters of 2022 reached ¥814,610,409.31, a slight increase from ¥806,657,341.33 in the same period of 2021, representing a growth of approximately 1.8%[30]. - Total operating costs for the same period were ¥964,357,128.96, down from ¥965,350,608.74 in 2021, indicating a decrease of about 0.1%[30]. - The company's cash and cash equivalents as of September 30, 2022, amount to ¥488,621,503.56, down from ¥887,668,548.00 at the end of 2021, representing a decrease of approximately 45%[22]. - Accounts receivable increased to ¥150,964,553.55 from ¥143,475,217.52, showing a growth of about 5.2% year-over-year[22]. - Inventory as of September 30, 2022, is ¥1,310,102,797.28, slightly down from ¥1,341,851,967.67, indicating a decrease of approximately 2.4%[22].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥601,508,597.17, representing a 10.39% increase compared to ¥544,883,848.02 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥55,080,217.04, an improvement from -¥97,719,597.12 in the previous year[21]. - The basic earnings per share for the first half of 2022 was -¥0.0837, an improvement from -¥0.1486 in the same period last year[21]. - The weighted average return on net assets was -2.03%, an increase of 1.40 percentage points compared to -3.43% in the previous year[21]. - The company reported a significant drop in investment income, down 78.83% to $645,026.57 from $3.05 million in the previous year[39]. - The company recorded a total comprehensive loss of CNY 53,979,845.05 for the first half of 2022, compared to a loss of CNY 97,453,883.31 in the same period of 2021, reflecting a 44.5% improvement[127]. - The company reported a net loss of ¥80,344,444.12 for the first half of 2022, compared to a net loss of ¥122,028,942.87 in the same period of 2021, representing a 34% improvement in net loss year-over-year[129]. Cash Flow and Assets - The net cash flow from operating activities was -¥302,306,666.86, compared to -¥197,140,901.88 in the same period last year[21]. - The company's cash and cash equivalents decreased from 887,668,548.00 RMB to 513,395,777.48 RMB, a decline of approximately 42.3%[109]. - Total assets decreased from ¥3,865,775,716.76 to ¥3,526,842,537.59, a decline of approximately 8.8%[112]. - The company recorded cash inflows from investment activities of ¥71,592,311.89, a significant decrease from ¥407,974,892.32 in the previous year, indicating a decline of about 82.5%[138]. - The ending balance of cash and cash equivalents was 415,071,516.38 RMB, down from 713,860,917.79 RMB, reflecting a decrease of about 42%[145]. Operational Efficiency and Strategy - The company expanded its e-commerce business, focusing on platforms like Douyin, which improved product conversion and click rates[33]. - The company has implemented a comprehensive budget management system to enhance management efficiency[35]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[129]. Environmental Responsibility - The company is classified as a key pollutant discharge unit in Anhui Province, but not at the national level, and has improved its environmental protection measures[61]. - The wastewater treatment facility has been upgraded to handle 250 tons of high-concentration organic wastewater daily, ensuring compliance with national discharge standards[65]. - The company is implementing a carbon reduction plan, utilizing solar energy and biogas to minimize carbon emissions[75]. - The company is actively promoting green production practices and has created a 3A level scenic area within its factory premises[74]. Shareholder and Corporate Governance - The company is not distributing profits or increasing capital reserves, indicating no dividend or stock bonus for shareholders[59]. - The total number of common shareholders as of the end of the reporting period is 116,939[99]. - The company maintained a good integrity status for itself and its controlling shareholders during the reporting period[84]. - The company introduced strategic investor China Resources Strategic Investment Co., Ltd. for long-term joint cooperation, without changing the controlling shareholder[92]. Research and Development - The company has established partnerships with universities for technology research and development, enhancing its innovation capabilities[30]. - Research and development expenses were reduced by 9.19% to $12.37 million from $13.62 million in the previous year[39].

Financial Performance - In 2021, the company achieved a total revenue of RMB 1,211,286,174.72, representing a 16.70% increase compared to RMB 1,037,929,417.75 in 2020[23]. - The net profit attributable to shareholders of the listed company was a loss of RMB 166,407,904.84, a decrease of 339.76% from a profit of RMB 69,406,112.43 in 2020[23]. - The net cash flow from operating activities was negative RMB 456,112,885.38, worsening from negative RMB 160,287,803.41 in the previous year[23]. - The total assets at the end of 2021 were RMB 3,865,775,716.76, a slight increase of 0.20% from RMB 3,857,937,591.00 at the end of 2020[24]. - The company's net assets attributable to shareholders decreased by 5.49% to RMB 2,735,200,814.40 from RMB 2,894,156,489.80 in 2020[24]. - The basic earnings per share for 2021 was negative RMB 0.25, a decline of 327.27% from RMB 0.11 in 2020[25]. - The weighted average return on equity was negative 5.92%, a decrease of 8.35 percentage points from 2.43% in 2020[25]. - The company plans not to distribute cash dividends for 2021 due to its current operating and financial conditions[6]. Revenue Breakdown - The company achieved operating revenue of ¥1,211,286,174.72, representing a year-on-year growth of 16.70%[44]. - The company's main business revenue from the liquor industry reached approximately ¥738.11 million, with a gross margin of 42.05%, showing a slight increase of 0.04 percentage points compared to the previous year[50]. - The pharmaceutical segment generated revenue of approximately ¥458.24 million, with a gross margin of 6.94%, which decreased by 0.02 percentage points year-on-year[50]. - The revenue from high-end liquor was approximately ¥342.70 million, with a gross margin of 51.80%, reflecting a decrease of 1.38 percentage points compared to the previous year[50]. - The revenue from ordinary liquor was approximately ¥395.41 million, with a gross margin of 33.61%, which increased by 0.28 percentage points year-on-year[50]. - The company's total revenue from domestic sales was approximately ¥1.11 billion, with a gross margin of 27.36%, an increase of 1.57 percentage points compared to the previous year[50]. Research and Development - The company achieved a total of 25 authorized patents in 2021, including 4 invention patents, reflecting its commitment to research and development[37]. - Research and development expenses surged by 241.35% to ¥30,459,904.50, reflecting increased investment in new product development[46]. - The company reported a total R&D investment of approximately ¥31.00 million, accounting for 2.56% of total revenue, with capitalized R&D expenses making up 1.75% of the total[58]. - The company has initiated 10 R&D projects in the light industry, with a total budget of 10.86 million yuan, primarily aimed at improving the quality and production processes of liquor[61]. - In the biomedicine sector, R&D projects are concentrated on chemical drug development and innovative drug technologies, which are expected to enhance product quality and safety[63]. Market Strategy and Expansion - The company is actively expanding its market presence and exploring new marketing strategies in the liquor industry[33]. - The company plans to enhance its marketing strategy by focusing on high-end products and expanding its presence in the Yangtze River Delta and Pearl River Delta markets[79]. - The company aims to achieve a sales revenue of 5 billion RMB by the end of the 14th Five-Year Plan, focusing on high-end product development and market expansion[106]. - The company is focusing on product differentiation and innovation to adapt to changing consumer demands and enhance market competitiveness[105]. - The company is exploring potential acquisition opportunities to enhance its market position, with a focus on companies that align with its strategic goals[129]. Operational Efficiency - The company has implemented an ERP system and other management information systems to enhance operational efficiency and management quality[35]. - The company is committed to improving organizational efficiency and talent acquisition to support its strategic goals[106]. - The company is focusing on organizational transformation and talent optimization to enhance its operational efficiency[109]. - The company has developed a risk management framework to enhance financial warning capabilities and strengthen fund usage supervision[155]. - The company has established a comprehensive internal control system, which was independently audited and received a standard unqualified opinion for the year 2021[154]. Environmental and Social Responsibility - The company has received the title of "Environmental Integrity Enterprise" in Anhui Province for its commitment to environmental protection[165]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[165]. - The company donated 100,000 yuan to improve infrastructure and environmental governance in local villages as part of its social responsibility initiatives[170]. - The company dispatched two village work teams to support poverty alleviation efforts in Linquan County, ensuring steady income growth for impoverished households[171]. - A total of 100,000 yuan was donated to enhance environmental governance and promote rural civilization, receiving positive feedback in the county's environmental assessment[172]. Governance and Management - The company has established a robust governance structure to ensure compliance with legal and regulatory requirements, enhancing transparency and accountability[120][122]. - The company is committed to maintaining independence from its controlling shareholder, ensuring no interference in its operational decisions[124]. - The company maintains "five independences" in personnel, assets, finance, organization, and business from its controlling shareholder[125]. - The company has a structured remuneration decision process involving the board's compensation and assessment committee[134]. - The company emphasizes performance-based remuneration linked to operational performance and responsibilities[134].

Financial Performance - In 2021, the company achieved a total operating revenue of RMB 1,211,286,174.72, representing a 16.70% increase compared to 2020[23] - The net profit attributable to shareholders of the listed company was a loss of RMB 166,407,904.84, a decrease of 339.76% from the previous year[23] - The net cash flow from operating activities was negative RMB 456,112,885.38, worsening from a negative RMB 160,287,803.41 in 2020[23] - Basic earnings per share for 2021 was -0.25 CNY, a decrease of 327.27% compared to 2020[27] - The company's net profit attributable to shareholders for Q4 2021 was -22,165,442.07 CNY, with a total annual net profit of -166,407,905.84 CNY[28] - The weighted average return on equity for 2021 was -5.92%, a decrease of 8.35 percentage points from 2020[27] - The total operating cost for the year was ¥1,393,785,260.48, an increase of 13.38% compared to the previous year[49] - The company reported a net cash flow from operating activities of -¥456,112,885.38, a significant decline from -¥160,287,803.41 in the previous year[52] - The company reported a total revenue of 5.6 billion in the last fiscal year, reflecting a growth of 3.82% compared to the previous year[138] Assets and Liabilities - As of the end of 2021, the total assets amounted to RMB 3,865,775,716.76, a slight increase of 0.20% from the end of 2020[26] - The net assets attributable to shareholders of the listed company decreased by 5.49% to RMB 2,735,200,814.40 compared to the end of 2020[26] - Accounts receivable increased by 59.77% compared to the previous period, mainly due to the growth in sales revenue and corresponding increase in unsettled receivables[70] - Inventory increased by 38.44% compared to the previous period, primarily due to an increase in semi-finished products[70] - Long-term equity investments increased by 100.00% compared to the previous period, primarily due to increased investments in joint ventures[70] Research and Development - The company introduced 25 patents in 2021, including 4 invention patents, and received several awards for its products and innovations[41] - Research and development expenses surged by 241.35% to ¥30,459,904.50, reflecting increased investment in new product development[52] - The company has established multiple research and development platforms in collaboration with universities, enhancing its technological capabilities[48] - The company is prioritizing research and development in pharmaceuticals, aiming to improve its competitive framework[111] - The company invested approximately ¥31.00 million in research and development, accounting for 2.56% of total revenue[64] Market and Sales - The company focused on product innovation and market expansion, particularly in the high-quality liquor segment, achieving steady sales growth[36] - The company's total revenue from the liquor industry was approximately ¥738.11 million, a decrease of 24.75% year-over-year[55] - The pharmaceutical segment generated revenue of approximately ¥458.24 million, with a year-over-year increase of 6.13%[55] - Revenue from direct sales was approximately ¥17.54 million, with a significant decrease in gross margin by 10.67 percentage points[55] - Revenue from distribution sales was approximately ¥1.18 billion, with a gross margin increase of 1.58 percentage points year-over-year[55] Operational Strategies - The company plans not to distribute cash dividends for 2021 due to its current operational and financial conditions[6] - The company has no plans for capital reserve transfers to increase share capital for the year[6] - The company has outlined potential risks in its future development strategy, urging investors to be cautious[11] - The company aims to explore new marketing channels, including e-commerce and live streaming, to expand sales[83] - The company plans to enhance its online operations by leveraging various social media platforms to attract more customers[93] Governance and Management - The company has established an investor relations management system to ensure equal information access for all shareholders[131] - The supervisory board members fulfill their duties effectively, overseeing the company's financial status and compliance with legal regulations[127] - The company has implemented measures to respect and protect the rights of stakeholders, including employees, customers, and suppliers[127] - The company has a comprehensive information disclosure management system to ensure timely and accurate reporting[128] - The board of directors and supervisory board operate independently, adhering to the "five independences" principle regarding personnel, assets, finance, institutions, and business[126] Environmental Responsibility - The company has implemented a green production strategy, with 30% of total electricity consumption coming from clean energy sources like photovoltaic and biogas power[185] - The company received the title of "Environmental Integrity Enterprise" from the Anhui Provincial Environmental Protection Department for its commitment to environmental standards[183] - The company has a comprehensive environmental emergency response plan, which has been regularly updated and practiced[179] - The company has installed an online monitoring system for real-time environmental data reporting to local environmental authorities[180] - The company has implemented a carbon reduction plan in line with carbon peak and carbon neutrality requirements, optimizing energy structure and utilizing solar and biogas power to lower carbon emissions[186] Social Responsibility - The company has actively participated in public welfare activities, supporting over 7,600 impoverished students through educational assistance programs over the past 17 years[189] - The company has set up two village work teams to implement targeted poverty alleviation measures, ensuring steady income growth for impoverished households[190] - The company donated 100,000 yuan to improve infrastructure and environmental governance in rural areas, supporting poverty alleviation and rural revitalization efforts[190] - The company has focused on developing small micro-industries and planning rural revitalization projects, including establishing toy and e-commerce service companies[190] Future Outlook - Future outlook indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[140] - The company aims to achieve sales revenue of 5 billion yuan by the end of the 14th Five-Year Plan period, with a strategic focus on product differentiation and innovation[105] - A new product line is set to launch in Q2 2022, expected to generate an additional 500 million in revenue[140] - The company has completed two strategic acquisitions in the past year, enhancing its product portfolio and market presence[140]

Financial Performance - The company's operating revenue for Q1 2022 was ¥344,642,502.13, representing a year-on-year increase of 17.05%[6] - The net profit attributable to shareholders was -¥12,545,004.17, indicating a loss compared to the previous year[6] - The net profit for Q1 2022 was -12,239,161.55 RMB, compared to -48,062,586.34 RMB in Q1 2021, showing an improvement of approximately 74.5% year-over-year[31] - The company reported a net profit margin of approximately 5.0% for Q1 2022, based on the total revenue and operating costs[27] - Operating profit for Q1 2022 was -12,236,139.19 RMB, significantly improved from -46,268,490.42 RMB in Q1 2021, indicating a reduction in operating losses by about 73.6%[31] - The total comprehensive income for Q1 2022 was -12,239,161.55 RMB, compared to -48,062,586.34 RMB in Q1 2021, showing a significant improvement[33] Cash Flow and Liquidity - The net cash flow from operating activities was -¥159,184,752.51, showing a significant cash outflow[6] - The cash flow from operating activities in Q1 2022 was -159,184,752.51 RMB, compared to -138,880,770.79 RMB in Q1 2021, reflecting a decline in cash flow performance[37] - The total cash and cash equivalents at the end of Q1 2022 were 611,550,942.86 RMB, down from 982,579,642.38 RMB at the end of Q1 2021, a decrease of approximately 37.7%[39] - The company reported a net cash outflow from investing activities of -62,256,251.63 RMB in Q1 2022, contrasting with a net inflow of 126,022,869.18 RMB in Q1 2021[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,687,430,478.36, a decrease of 4.61% from the end of the previous year[8] - Total assets decreased to CNY 3,687,430,478.36 as of March 31, 2022, from CNY 3,865,775,716.76 at the end of 2021, a decline of 4.6%[25] - Total liabilities as of March 31, 2022, were CNY 954,758,637.11, down from CNY 1,121,881,570.94 at the end of 2021, a decrease of 15.0%[27] - Shareholders' equity totaled CNY 2,732,671,841.25 as of March 31, 2022, compared to CNY 2,743,894,145.82 at the end of 2021, a slight decrease of 0.4%[27] Research and Development - The company's R&D expenses increased by 46.80% due to higher investment in research and development activities[12] - Research and development expenses increased to 7,819,598.36 RMB in Q1 2022, up from 5,326,818.38 RMB in Q1 2021, marking a rise of approximately 46.9%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 124,714, with the largest shareholder holding 27.10% of the shares[16] - The company reported a basic and diluted earnings per share of -¥0.0191 for the period[8] - Basic and diluted earnings per share for Q1 2022 were both -0.0191 RMB, compared to -0.0740 RMB in Q1 2021, indicating a reduction in losses per share[33] Revenue and Costs - Total revenue for Q1 2022 was CNY 344,642,502.13, an increase of 17.0% compared to CNY 294,447,082.27 in Q1 2021[27] - Total operating costs for Q1 2022 were CNY 366,698,305.00, up from CNY 349,738,972.11 in Q1 2021, reflecting a rise of 4.0%[27] - Total revenue from sales and services received in Q1 2022 was 327,985,546.81 RMB, down from 363,776,495.57 RMB in Q1 2021, representing a decrease of about 9.8%[33] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[27] Other Financial Metrics - The weighted average return on net assets was -0.46%, a decrease of 1.24 percentage points compared to the previous year[8] - The financial expenses increased due to higher interest income from time deposits compared to the same period last year[12] - The total tax expenses for Q1 2022 were 385,756.26 RMB, significantly lower than 2,418,780.62 RMB in Q1 2021, indicating a reduction of approximately 84.0%[31] - Cash and cash equivalents as of March 31, 2022, were CNY 665,851,342.86, down from CNY 887,668,548.00 at the end of 2021, a decrease of 25.0%[21] - Accounts receivable increased to CNY 169,760,094.80 in Q1 2022 from CNY 143,475,217.52 in Q1 2021, representing a growth of 18.3%[21] - Inventory as of March 31, 2022, was CNY 1,300,849,567.52, slightly down from CNY 1,341,851,967.67 at the end of 2021, a decrease of 3.1%[21] - The company experienced a 156.23% increase in advance receipts, indicating a rise in pre-collected rental income[12]

Financial Performance - The company's revenue for Q3 2021 was ¥261,773,493.31, representing a year-on-year increase of 3.18%[7] - The net profit attributable to shareholders was -¥46,522,865.65, a decrease of 8.14% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥52,773,206.66, a decrease of 2.77% year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥806,657,341.33, an increase of 21.5% compared to ¥663,452,965.13 in the same period of 2020[32] - Net profit for the first three quarters of 2021 was -¥143,689,598.32, worsening from -¥103,966,793.27 in the same period of 2020[36] - Basic and diluted earnings per share for the first three quarters of 2021 were -0.2193, compared to -0.1596 in the same period of 2020[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,886,321,497.64, an increase of 0.74% compared to the end of the previous year[10] - Current assets totaled CNY 2,646,239,119.70, up from CNY 2,510,952,123.49 year-over-year[27] - Inventory increased to CNY 1,243,193,519.98 from CNY 969,274,139.53, reflecting a growth of approximately 28.2%[23] - Total liabilities reached CNY 1,122,130,053.82, compared to CNY 956,026,612.77 in the previous year, indicating a rise of about 17.4%[30] - The total equity attributable to shareholders decreased to CNY 2,755,884,090.93 from CNY 2,894,156,489.80, a decline of approximately 4.8%[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥313,560,840.06, indicating increased expenditures on materials and taxes compared to the same period last year[12] - The net cash flow from operating activities was -¥313,560,840.06, compared to -¥143,822,067.59 in the previous year[42] - Cash inflow from investment activities totaled ¥549,375,357.00, an increase from ¥401,741,400.23 in the same period last year[42] - The company reported a net cash flow from investment activities of ¥33,930,065.29, recovering from a loss of -¥275,389,191.08 in the previous year[42] - The company incurred a total of ¥985,792,260.47 in cash outflows from operating activities, compared to ¥872,369,189.27 in the previous year[42] - Total cash outflow from financing activities was $22,180,000, compared to $7,079,655 in the previous period[44] - Net cash flow from financing activities was -$22,180,000, reflecting a significant increase in outflows compared to -$7,079,655 previously[44] - The net increase in cash and cash equivalents was -$301,810,774.77, an improvement from -$426,290,913.67 in the prior period[44] - The beginning cash and cash equivalents balance was $995,287,543.99, down from $1,125,094,702.13 year-over-year[44] - The ending cash and cash equivalents balance stood at $693,476,769.22, slightly lower than $698,803,788.46 in the previous period[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 127,378[13] - The basic earnings per share for the year-to-date period was -¥0.0707, a decrease of 8.25% year-on-year[10] - The diluted earnings per share for the year-to-date period was also -¥0.0707, reflecting the same decrease of 8.25%[10] Government Support - The company received government subsidies amounting to ¥2,821,440.87 during the reporting period[12] Research and Development - Research and development expenses surged to ¥20,538,879.66, a significant increase of 287.5% compared to ¥5,289,705.29 in the previous year[32]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥544.88 million, representing a 32.98% increase compared to ¥409.74 million in the same period last year[16]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥97.72 million, compared to a loss of ¥54.36 million in the same period last year[16]. - The net cash flow from operating activities was a negative ¥197.14 million, worsening from a negative ¥123.84 million in the previous year[16]. - The total assets at the end of the reporting period were approximately ¥3.86 billion, showing a slight increase of 0.05% from ¥3.86 billion at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased by 3.34% to approximately ¥2.80 billion from ¥2.89 billion at the end of the previous year[16]. - The basic earnings per share for the first half of 2021 was -¥0.1486, compared to -¥0.0826 in the same period last year[17]. - The weighted average return on net assets was -3.43%, a decrease of 1.49 percentage points from -1.94% in the previous year[17]. - The operating cost increased by 39.58% to ¥405,279,424.45 from ¥290,357,205.45 year-on-year[31]. - The company reported a significant increase in accounts receivable by 83.14% to ¥164,463,339.16[35]. - The company reported a significant increase in tax and additional charges, totaling RMB 60,825,796.49 in the first half of 2021, compared to RMB 45,238,093.94 in the same period of 2020[100]. Innovation and Development - The company has applied for 17 technology patents in the first half of 2021, including 8 invention patents and 9 utility model patents, showcasing its commitment to innovation[28]. - The company launched the new product "金种子馥合香" which is positioned as a premium product in the Anhui market, enhancing brand visibility and consumer engagement[27]. - The company achieved a cost saving of ¥750,000 in electricity expenses through enhanced energy management practices in the first half of 2021[29]. - The company’s R&D expenses increased by 256.71% to ¥13,616,105.06 compared to the previous year[32]. - Research and development expenses increased significantly to ¥13,616,105.06, compared to ¥3,817,160.60 in the previous year, highlighting a focus on innovation[96]. Market Strategy and Expansion - The company is focusing on expanding its market presence in new regions such as Hainan and Shenzhen while enhancing its existing market strategies[27]. - The company has established a digital marketing system and opened flagship stores on platforms like Kuaishou and Douyin to enhance brand exposure and sales[27]. - The company plans to expand its market presence and invest in new product development to drive future growth[120]. - The company aims to enhance its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[120]. Environmental Responsibility - The company has received the title of "Environmental Integrity Enterprise" for 2020 from Anhui Province, highlighting its commitment to environmental protection[55]. - The company has implemented a comprehensive environmental emergency response plan, which has been reviewed and approved by experts, with no environmental incidents reported[53]. - The company has installed an online monitoring system for real-time pollution monitoring, ensuring compliance with national environmental regulations[54]. - The company has adopted green production practices, including the use of green materials and designs, contributing to its environmental responsibility[59]. - The company has implemented a carbon reduction plan in line with carbon peak and carbon neutrality requirements, optimizing energy structure and adopting clean production methods[60]. Financial Management and Shareholder Information - The company does not plan to distribute profits or increase capital reserves during the reporting period[4]. - The company and its controlling shareholders have maintained good credit status with no records of dishonesty during the reporting period[71]. - There have been no significant lawsuits or arbitration matters during the reporting period[71]. - The total number of ordinary shareholders as of the end of the reporting period is 168,597[78]. - The top ten shareholders include Anhui Jinzhongzi Group Co., Ltd. holding 178,257,084 shares, representing 27.10% of total shares[80]. Operational Efficiency - The company’s management expenses decreased by 10.08% to ¥55,340,946.02 compared to ¥61,544,779.21 in the previous year[31]. - The company reported a financial income of ¥10,597,271.47, down from ¥13,512,951.41 in the previous year, indicating a decline in interest income[96]. - The company incurred financial expenses of RMB -9,992,743.43 in the first half of 2021, an improvement from RMB -12,995,790.05 in the first half of 2020[100]. - The net cash flow from operating activities was -¥163,483,900.31, compared to -¥94,924,858.98 in the previous period, indicating a decline in operational efficiency[108]. Community Engagement and Social Responsibility - The company has sent the eighth batch of village work teams to assist in poverty alleviation and has organized orderly COVID-19 vaccinations for villagers[62]. - The company has encouraged 28 households to engage in specialty planting and 3 households in specialty breeding, ensuring steady income growth for poverty-stricken families[62]. - The company has developed small micro-industries, creating a toy processing factory and an e-commerce service company, which has provided jobs for 26 poverty-stricken households[62]. - The company is planning rural revitalization projects, including goat farming and the establishment of specialty planting bases for ginger, watermelon, and vegetables[62]. Accounting and Financial Reporting - The company’s financial statements are prepared based on the going concern principle, ensuring compliance with accounting standards[138]. - The company’s accounting policies are aligned with enterprise accounting standards, reflecting its financial position and operating results accurately[140]. - The company recognizes the impact of internal transactions between the parent and subsidiaries, fully confirming any impairment losses related to relevant assets[149]. - The company has implemented the revised accounting standards for financial instruments since January 1, 2019, which includes the classification of financial assets as FVTOCI for those that meet the SPPI test[186].