证券代码：600199 证券简称：金种子酒 公告编号：临 2025-032 安徽金种子酒业股份有限公司 第七届监事会第十二次会议决议公告 本公司监事会及全体监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： 一、会议召开情况 1、安徽金种子酒业股份有限公司（以下简称"公司"）第七届监事会第 十二次会议通知于2025年8月18日以短信及电子邮件方式发出，会议于2025 年 8 月 26 日上午在公司总部九楼会议室召开，采取现场与线上相结合的方式 进行表决。 2、本次会议应出席监事 5 名，实际出席监事 5 名。 3、会议由监事会主席陈新华先生主持，本次会议的召集、召开符合《公 司法》和《公司章程》的有关规定。 二、会议审议情况 经与会监事认真审议，并以投票表决的方式通过了以下议案： 1、审议通过《公司 2025 年半年度报告及摘要》 具体内容详见在上海证券交易所网站（http://www.sse.com.cn）披露的 《安徽金种子酒业股份有限公司 2025 年半年度报告》与《安徽金种子酒业股 份有限公司 2025 年半年度报告摘要》。 ...

证券代码：600199 证券简称：金种子酒 公告编号：临 2025-031 安徽金种子酒业股份有限公司 第七届董事会第十六次会议决议公告 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法律责任。 重要内容提示： ◆ 无董事对本次董事会议案投反对或弃权票。 ◆ 本次董事会议案全部获得通过。 一、会议召开情况 1、安徽金种子酒业股份有限公司（以下简称"公司"）第七届董事会第 十六次会议通知于2025年8月18日以短信及电子邮件方式发出，会议于2025 年 8 月 26 日上午 10:00 在公司总部九楼会议室召开，采取现场结合通讯表决 方式进行表决。 2、本次会议应出席董事 8 人，实际出席董事 8 人。 3、本次会议由董事长谢金明先生主持。公司监事及高级管理人员列席会 议。本次会议的召集、召开、表决程序符合《中华人民共和国公司法》和《公 司章程》的有关规定。 经与会董事认真审议，并以投票表决的方式通过了以下议案： 1、审议通过《公司 2025 年半年度报告及摘要》 本议案已经公司董事会审计委员会事前审议通过，并同意提交公司董事 会审议。 ...

南财智讯8月27日电，金种子酒发布2025年半年度报告，报告期实现营业收入4.84亿元，同比下降 27.47%；归属上市公司股东的净利润-0.72亿元，同比下降750.54%；扣除非经常性损益后的归属于上市 公司股东的净利润-0.78亿元，同比下降2226.38%；基本每股收益-0.1098元。 ...

Important Notice This section provides key assurances from the board and management on report accuracy, disclaims forward-looking statements, and confirms no profit distribution or capital increase - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with no false records, misleading statements, or major omissions[3](index=3&type=chunk) - All company directors attended the board meeting[4](index=4&type=chunk) - This semi-annual report is unaudited[5](index=5&type=chunk) - The company's head, chief accountant, and head of accounting department declare that the financial report in the semi-annual report is true, accurate, and complete[5](index=5&type=chunk) - No profit distribution or capital increase from capital reserves will be made during the reporting period[6](index=6&type=chunk) - Forward-looking statements regarding future plans and development strategies in this report do not constitute a substantive commitment by the company to investors, and investors are advised to be aware of investment risks[7](index=7&type=chunk) - There is no non-operating appropriation of funds by the controlling shareholder or other related parties[8](index=8&type=chunk) - There are no instances of providing external guarantees in violation of prescribed decision-making procedures[8](index=8&type=chunk) - No more than half of the directors are unable to guarantee the truthfulness, accuracy, and completeness of the company's disclosed semi-annual report[8](index=8&type=chunk) - The company has detailed potential risks in "Section III Management Discussion and Analysis", which investors are encouraged to review[8](index=8&type=chunk) [Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key terms used throughout the report, including company identification and the reporting period - In this report, "Company", "this Company", and "Jinzizhongjiu" all refer to Anhui Jinzizhongjiu Co., Ltd[18](index=18&type=chunk) - The reporting period refers to January 1, 2025, to June 30, 2025[18](index=18&type=chunk) - "Jinzizhongjiu Group" and "Controlling Shareholder" refer to Anhui Jinzizhongjiu Group Co., Ltd[18](index=18&type=chunk) [Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section covers company information, contact details, stock summary, and key financial data and indicators [Company Information](index=4&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section outlines Anhui Jinzizhongjiu Co., Ltd.'s basic identification information, including its legal name, abbreviation, foreign name and its abbreviation, and legal representative - The company's Chinese name is Anhui Jinzizhongjiu Co., Ltd., and its Chinese abbreviation is Jinzizhongjiu[14](index=14&type=chunk) - The company's foreign name abbreviation is AGSW[14](index=14&type=chunk) - The company's legal representative is He Xiuxia[14](index=14&type=chunk) [Contact Person and Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides the name and contact information of the company's board secretary, including address, telephone, fax, and email, for investor and stakeholder communication - The company's board secretary's name is Jin Biao[15](index=15&type=chunk) - The contact address is Jinzizhongjiu R&D Building, 523 Qinghe East Road, Fuyang City, Anhui Province[15](index=15&type=chunk) - The contact number is 0558-2210568, and the email address is jnsy199@163.com[15](index=15&type=chunk) [Brief Introduction to Changes in Basic Information](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5%E5%8F%98%E6%9B%B4%E7%AE%80%E4%BB%8B) This section details the company's registered and office addresses, noting no changes during the reporting period - The company's registered address is 302 Hebin Road, Yingzhou District, Fuyang City, Anhui Province[16](index=16&type=chunk) - The company's office address is Jinzizhongjiu R&D Building, 523 Qinghe East Road, Fuyang City, Anhui Province, with a postal code of 236000[16](index=16&type=chunk) - The company's website is http://www.jzz.cn, and its email address is jnsy199@163.com[16](index=16&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Custody Locations](index=4&type=section&id=%E5%9B%9B%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) This section specifies the company's designated newspapers for information disclosure, the website for semi-annual reports, and the location for report custody, ensuring transparency - The company's selected newspapers for information disclosure include "China Securities Journal", "Shanghai Securities News", "Securities Daily", and "Securities Times"[17](index=17&type=chunk) - The website address for publishing the semi-annual report is www.sse.com.cn[17](index=17&type=chunk) - The company's semi-annual report is available for inspection at the company's Securities and Legal Affairs Department[19](index=19&type=chunk) [Summary of Company Stock](index=5&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E7%AE%80%E5%86%B5) This section provides basic information on the company's A-shares, including the listing exchange, stock abbreviation, and stock code - The company's A-shares are listed on the Shanghai Stock Exchange[20](index=20&type=chunk) - The stock abbreviation is Jinzizhongjiu, and the stock code is 600199[20](index=20&type=chunk) [Company's Key Accounting Data and Financial Indicators](index=5&type=section&id=%E4%B8%83%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents the company's key accounting data and financial indicators for the first half of 2025, comparing them with the same period last year, revealing significant declines in operating revenue, total profit, and net profit, as well as a deterioration in earnings per share and return on net assets 主要会计数据（2025年1-6月 vs. 上年同期） | 主要会计数据 | 本报告期（1－6月） | 上年同期 | 本报告期比上年同期增减(%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 483.57 million Yuan | 666.69 million Yuan | -27.47 | | Total Profit | -71.09 million Yuan | 14.97 million Yuan | -575.04 | | Net Profit Attributable to Shareholders of Listed Company | -72.20 million Yuan | 11.10 million Yuan | -750.54 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | -77.52 million Yuan | 3.65 million Yuan | -2,226.38 | | Net Cash Flow from Operating Activities | -119.06 million Yuan | -190.40 million Yuan | N/A | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 2.10 billion Yuan | 2.17 billion Yuan | -3.40 | | Total Assets (Period-end) | 3.08 billion Yuan | 3.20 billion Yuan | -3.47 | 主要财务指标（2025年1-6月 vs. 上年同期） | 主要财务指标 | 本报告期（1－6月） | 上年同期 | 本报告期比上年同期增减(%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | -0.1098 | 0.0169 | -749.70 | | Diluted Earnings Per Share (Yuan/share) | -0.1098 | 0.0169 | -749.70 | | Basic Earnings Per Share After Deducting Non-recurring Gains and Losses (Yuan/share) | -0.1179 | 0.0055 | -2,243.64 | | Weighted Average Return on Net Assets (%) | -3.38 | 0.44 | Decrease by 3.82 percentage points | | Weighted Average Return on Net Assets After Deducting Non-recurring Gains and Losses (%) | -3.63 | 0.14 | Decrease by 3.77 percentage points | [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E4%B9%9D%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) This section lists the company's non-recurring gains and losses items and their amounts for the reporting period, totaling **5.33 million Yuan**, primarily comprising government grants and gains/losses from disposal of non-current assets 非经常性损益项目及金额 | 非经常性损益项目 | 金额 (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 112,279.41 | | Government grants included in current profit and loss | 4,892,534.80 | | Other non-operating income and expenses apart from the above | 923,260.85 | | Less: Income tax impact | 416,444.72 | | Impact on minority interests (after tax) | 183,917.26 | | **Total** | **5,327,713.08** | [Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an in-depth analysis of the company's industry, business operations, core competencies, and key financial performance during the reporting period, along with a discussion of future risks and strategies [Industry and Main Business Overview](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) This section describes the development trends of the liquor industry, noting increasing concentration and intensified competition, and details the company's main business, product series, and "production based on sales" operating model - The liquor industry's concentration is gradually increasing, with differentiation becoming more pronounced and a diversified competitive landscape[27](index=27&type=chunk) - From January to June 2025, the output of national-scale liquor enterprises was **1.916 million kiloliters**, a **5.8% year-on-year decrease**[27](index=27&type=chunk) - The company primarily engages in liquor production and sales, with products including Jinzizhongjiu series, Zhongzi series, Zuisanqiu series, Yingzhou series, and Jinzizhongjiu Fuhexiang liquor[27](index=27&type=chunk) - The company has established a product structure centered on Jinzizhongjiu Fuhexiang, complemented by high-end cultural liquor Zuisanqiu, Touhao Zhongzi liquor, and mid-to-low-end products like Rouhe Zhongzi liquor[27](index=27&type=chunk) - The company's operating model is primarily "production based on sales" and distribution, supplemented by direct sales[27](index=27&type=chunk) [Analysis of Operating Performance](index=7&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) Facing intense market competition and industry adjustments, the company adheres to the strategy of "strengthening the foundation, expanding Fuhexiang, improving quality and efficiency, and achieving new glories" through marketing model innovation, standardized governance, refined management, technological innovation, talent development, and digital upgrades, promoting continuous and healthy development - The company adheres to the development strategy of "strengthening the foundation, expanding Fuhexiang, improving quality and efficiency, and achieving new glories"[28](index=28&type=chunk) - Marketing model innovation focuses on "focusing, adjusting, upgrading, and strengthening", with emphasis on building the Fuyang base market and advancing the Fuhexiang "1225 Project" and the bare bottle liquor "Three Ones Project"[28](index=28&type=chunk) - Product structure has been adjusted and streamlined, defining mid-to-high-end (Fuhexiang), mid-range boxed (Jinzizhongjiu Vintage), and bare bottle liquor (Jinzizhongjiu Te Gong) as the "three main liquor" product series, and simplifying SKUs[29](index=29&type=chunk) - The financial control system has been upgraded, implementing a "cost internalization, tiered and phased" cost control model, resulting in **nearly 27 million Yuan** in display cost savings and significant reductions in promotional expenses in the first half of the year[30](index=30&type=chunk) - Marketing organization construction has been strengthened by merging and reorganizing sales regions, optimizing market leaders, establishing a three-tier talent pool, and relocating the marketing center back to Fuyang[30](index=30&type=chunk) - Standardized governance construction is maintained, optimizing organizational structure and management levels, improving incentive and restraint mechanisms, promoting ESG governance system construction, and voluntarily disclosing ESG reports[30](index=30)[31](index=31&type=chunk) - Refined management is continuously promoted, with comprehensive implementation of "Three Refinements" (simplification, lean, meticulous) in production, and a "quality improvement, cost reduction, efficiency increase" strategy in procurement, saving a cumulative **6.28 million Yuan** in procurement costs in the first half of the year[31](index=31&type=chunk)[33](index=33&type=chunk) - Technological innovation and talent team building are emphasized, strengthening technology R&D, establishing a "unified leadership, center-responsible, collaborative innovation" operating mechanism, possessing 7 major R&D platforms, and implementing 15 key R&D projects[33](index=33&type=chunk) - Digital innovation and upgrading are pursued, optimizing key aspects of enterprise operation and management, achieving precise alignment of production materials and plans, strengthening inventory age management, innovating and upgrading the CPS lottery model, and completing the construction of the DEC marketing digital ecosystem[34](index=34&type=chunk) [Analysis of Core Competencies](index=9&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness lies in its quality, brand, technology, management, and culture, maintaining a competitive advantage in the liquor industry through unique brewing techniques, renowned trademarks, ancient cellar clusters, multi-platform R&D systems, efficient management mechanisms, and profound historical and cultural heritage - **Quality Advantage**: Located in the core area of famous Yellow River-Huai River liquors, employing traditional brewing techniques such as "old five-steaming mixed steaming and mixed burning" and "high-temperature moistening and piling", pioneering the "soft-type liquor" new category, with Fuhexiang adopting the "three-qu fermentation, one-step aroma formation" process[35](index=35&type=chunk)[36](index=36&type=chunk) - **Brand Advantage**: "Zuisanqiu Liquor Traditional Brewing Technique" is listed as a provincial intangible cultural heritage, "Jinzizhongjiu" and "Zuisanqiu" are China Well-known Trademarks, "Yingzhou" is a Chinese Time-honored Brand, and possesses a **518-year-old "Ming Dynasty Ancient Cellar Cluster"**[36](index=36&type=chunk) - **Technological Advantage**: Owns 7 major R&D platforms including a CNAS accredited laboratory and a provincial enterprise technology center, boasts a technical talent team of 46 intangible cultural heritage masters and 1 Chinese liquor craft master, collaborates with multiple universities on scientific research, and has formulated several group standards[36](index=36&type=chunk)[37](index=37&type=chunk) - **Management Advantage**: Established a standardized and market-oriented management mechanism, enhancing management and operational capabilities through organizational restructuring, introduction of professional managers, and improvement of the remuneration system, fully leveraging CRH advantages, obtaining ISO9001 and other national certifications, and gradually establishing a digital system covering production, sales, and finance[37](index=37&type=chunk)[38](index=38&type=chunk) - **Cultural Advantage**: Possesses the **5300-year-old ancient Yingzhou liquor culture origin**, the excavation of the **3000-year-old national treasure "Dragon and Tiger Zun"**, historical allusions such as Wei Jin Liu Ling and Ousu's masterpieces, and a **500-year-old "Ancient Ming Cellar Cluster"**, forging a unique charm of Chinese liquor culture[38](index=38&type=chunk)[39](index=39&type=chunk) [Key Operating Performance](index=11&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) During the reporting period, the company's operating revenue and total profit both significantly decreased, mainly due to reduced sales of pharmaceuticals and liquor. Selling expenses increased due to higher advertising investment, while administrative expenses decreased due to cost control. The asset and liability structure saw several changes, with increases in accounts receivable, notes receivable financing, and construction in progress, and decreases in contract liabilities and employee compensation payable. The company plans to transfer 92% equity of its controlling subsidiary Jintaiyang Pharmaceutical, which has not yet been sold 财务报表相关科目变动分析（2025年1-6月 vs. 上年同期） | 科目 | 本期数 (Yuan) | 上年同期数 (Yuan) | 变动比例（%） | 变动原因说明 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 483.57 million | 666.69 million | -27.47 | Mainly due to reduced pharmaceutical and liquor sales in the current period | | Operating Cost | 276.21 million | 376.84 million | -26.70 | Mainly due to reduced pharmaceutical and liquor sales in the current period | | Selling Expenses | 151.37 million | 127.81 million | 18.44 | Mainly due to increased advertising expenses in the reporting period | | Administrative Expenses | 32.54 million | 48.67 million | -33.14 | Mainly due to cost control measures such as office expenses, leading to reduced expenses in the current period | | Financial Expenses | 2.18 million | -2.37 million | N/A | Mainly due to decreased bank deposit interest income and increased interest expenses in the reporting period | | R&D Expenses | 10.25 million | 10.91 million | -6.02 | Mainly due to decreased registration fees in the reporting period | | Taxes and Surcharges | 86.26 million | 106.15 million | -18.74 | Mainly due to decreased consumption tax in the reporting period | | Other Income | 5.41 million | 3.76 million | 44.16 | Mainly due to increased government grants recognized in the reporting period | | Investment Income | 0 | -348,278.43 | N/A | Mainly due to termination of equity investment in the reporting period and recognition of equity investment losses in the same period | | Credit Impairment Losses | -2.30 million | 8.52 million | -127.06 | Mainly due to increased provision for bad debts on receivables in the reporting period and reversal of previously accrued bad debts on recovered receivables in the same period | | Asset Impairment Losses | 0 | 108,690.14 | -100.00 | Mainly due to reversal of inventory depreciation provision in the same period | | Gains from Disposal of Assets | 114,535.77 | -4,639.01 | 2,568.97 | Mainly due to gains from disposal of fixed assets in the reporting period and losses from disposal of fixed assets in the same period | | Non-operating Income | 932,792.03 | 5.38 million | -82.68 | Mainly due to reduced income from clearing long-term payables and breach of contract in the reporting period | | Non-operating Expenses | 11,787.54 | 1.14 million | -98.96 | Mainly due to reversal of unused VAT input tax by a subsidiary in the same period | | Income Tax Expense | 1.07 million | 3.03 million | -64.73 | Mainly due to decreased income tax expense in the reporting period | | Net Cash Flow from Operating Activities | -119.06 million | -190.40 million | N/A | Mainly due to reduced tax payments compared to the same period last year | | Net Cash Flow from Investing Activities | -43.56 million | 8.52 million | -611.54 | Mainly due to recovery of land disposal proceeds in the same period | | Net Cash Flow from Financing Activities | 64.81 million | 35.85 million | 80.78 | Mainly due to increased bank loans in the reporting period | 资产及负债状况变动分析（期末 vs. 上年度末） | 项目名称 | 本期期末数 (Yuan) | 上年度末 (Yuan) | 本期期末金额较上年度末变动比例（%） | 情况说明 | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable | 37.31 million | 28.24 million | 32.11 | Mainly due to increased accounts receivable from pharmaceutical business in the reporting period | | Notes Receivable Financing | 92.14 million | 61.06 million | 50.90 | Mainly due to increased bank acceptance bills in the reporting period | | Prepayments | 8.38 million | 2.34 million | 258.78 | Mainly due to increased prepayments for materials in the reporting period | | Other Current Assets | 4.67 million | 6.96 million | -32.91 | Mainly due to decreased VAT input tax in the reporting period | | Construction in Progress | 55.37 million | 38.41 million | 44.15 | Mainly due to increased investment in construction projects in the reporting period | | Deferred Income Tax Assets | 512,695.50 | 741,229.55 | -30.83 | Mainly due to decreased deferred income tax assets corresponding to deferred income recognized in the reporting period | | Other Non-current Assets | 0 | 319,960.07 | -100.00 | Mainly due to prepayments for equipment in the same period | | Advances from Customers | 2.62 million | 3.97 million | -33.96 | Mainly due to decreased advance rental income | | Contract Liabilities | 121.00 million | 186.48 million | -35.11 | Mainly due to decreased advance receipts for goods in the reporting period | | Employee Compensation Payable | 14.29 million | 30.74 million | -53.49 | Mainly due to payment of cross-period salaries in the reporting period | | Other Current Liabilities | 3.45 million | 6.43 million | -46.31 | Mainly due to decreased advance receipts for goods in the reporting period | | Long-term Borrowings | 9.90 million | 0 | N/A | Mainly due to new long-term bank borrowings in the reporting period | - As of the end of the reporting period, **12.30 million Yuan** of monetary funds were frozen as bill deposits[49](index=49&type=chunk) - The company plans to transfer **92% equity** of its controlling subsidiary Jintaiyang Pharmaceutical through public listing, a matter approved by the board, shareholders' meeting, and Fuyang State-owned Assets Supervision and Administration Commission, but not yet sold as of the report disclosure date[51](index=51&type=chunk) 主要控股参股公司情况（2025年1-6月） | 公司名称 | 主要业务 | 注册资本 (Yuan) | 总资产 (Yuan) | 净资产 (Yuan) | 营业收入 (Yuan) | 营业利润 (Yuan) | 净利润 (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. | Production and sales of Western and Chinese medicine | 30.00 million | 142.68 million | 130.41 million | 73.05 million | 606,769.73 | 425,227.66 | | Fuyang Jinzizhongjiu Sales Co., Ltd. | Liquor sales | 172.20 million | 867.82 million | 351.13 million | 364.75 million | -34.97 million | -34.91 million | [Other Disclosures](index=15&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) The company faces risks from macroeconomic uncertainty and intensified market competition. To address these challenges, the company will continuously monitor economic conditions, improve the quality and efficiency of its main business, strengthen its risk resistance capabilities, and closely observe market dynamics to optimize product structure and marketing models, thereby enhancing core competitiveness and market share - **Macroeconomic uncertainty risk**: Liquor consumption is susceptible to economic fluctuations; the company will continuously monitor economic conditions, improve the quality and efficiency of its main business, and strengthen its risk resistance capabilities[54](index=54&type=chunk) - **Risk of intensified market competition**: The liquor industry competition is accelerating; the company will closely monitor market dynamics, enhance product quality and brand influence, continuously optimize product structure, and innovate marketing models to increase market share[54](index=54&type=chunk) [Corporate Governance, Environment and Society](index=15&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details changes in the company's board, supervisors, and senior management, outlines the profit distribution plan, and provides information on environmental disclosures [Changes in Directors, Supervisors, and Senior Management](index=15&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's supervisory board members changed, with Tu Hua resigning and Lei Ting being elected as a supervisor of the seventh supervisory board - Supervisor Tu Hua resigned[56](index=56&type=chunk) - Lei Ting was elected as a supervisor of the company's seventh supervisory board, with the change effective on February 13, 2025[56](index=56&type=chunk) [Profit Distribution Plan](index=15&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company's proposed semi-annual profit distribution plan indicates no profit distribution or capital increase from capital reserves during the reporting period - The proposed semi-annual profit distribution plan is no distribution or capital increase from capital reserves[57](index=57&type=chunk) [Environmental Information Disclosure](index=16&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E4%BE%9D%E6%B3%95%E6%8A%AB%E9%9C%B2%E4%BC%81%E4%B8%9A%E5%90%8D%E5%8D%95%E7%9A%84%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%83%85%E5%86%B5) The company and its main subsidiaries, Anhui Jinzizhongjiu Co., Ltd. (South and North Plants), are included in the list of enterprises required to disclose environmental information by law, with corresponding inquiry indexes provided - Anhui Jinzizhongjiu Co., Ltd. (South Plant) and (North Plant) are both included in the list of enterprises required to disclose environmental information by law[58](index=58&type=chunk) - The inquiry index for the environmental information disclosure report is https://39.145.37.16:8081/zhhb/yfplpub_html//home[58](index=58&type=chunk) [Significant Matters](index=16&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers the fulfillment of commitments, absence of major litigation or arbitration, integrity status, and the progress of raised capital utilization [Fulfillment of Commitments](index=16&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company did not disclose any information regarding the fulfillment of commitments by the actual controller, shareholders, related parties, or the company itself [Major Litigation and Arbitration Matters](index=17&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no major litigation or arbitration matters - The company had no major litigation or arbitration matters in this reporting period[61](index=61&type=chunk) [Explanation of Integrity Status](index=17&type=section&id=%E4%B9%9D%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) During the reporting period, the company, its controlling shareholder, and actual controller maintained a good integrity status - During the reporting period, the company, its controlling shareholder, and actual controller maintained a good integrity status[61](index=61&type=chunk) [Progress of Raised Capital Utilization](index=19&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E8%BF%9B%E5%B1%95%E8%AF%B4%E6%98%8E) The company's total raised capital was **576.42 million Yuan**, with a net amount of **568.22 million Yuan**. As of the end of the reporting period, a cumulative **464.37 million Yuan** had been invested, representing an investment progress of **81.72%**. These funds were primarily used for the high-quality base liquor technical renovation and supporting projects, and the marketing and logistics network construction project, with idle raised capital also used for cash management 募集资金整体使用情况 | 募集资金来源 | 募集资金到位时间 | 募集资金总额 (million Yuan) | 募集资金净额 (million Yuan) | 招股书或募集说明书中募集资金承诺投资总额 (million Yuan) | 截至报告期末累计投入募集资金总额 (million Yuan) | 截至报告期末募集资金累计投入进度（%） | 本年度投入金额 (million Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Issuance of shares to specific targets | April 1, 2019 | 576.42 | 568.22 | 568.22 | 464.37 | 81.72 | 48.99 | 募投项目明细使用情况 | 项目名称 | 募集资金承诺投资总额 (million Yuan) | 截至报告期末累计投入募集资金总额 (million Yuan) | 截至报告期末募集资金累计投入进度（%） | 本年度投入金额 (million Yuan) | 计划投资完成日期 | | :--- | :--- | :--- | :--- | :--- | :--- | | High-quality base liquor brewing technical renovation project | 473.79 | 421.89 | 89.05 | 40.20 | December 2025 | | Marketing and logistics network construction project | 94.44 | 42.49 | 44.99 | 8.79 | December 2025 | | **Total** | **568.22** | **464.37** | **N/A** | **48.99** | **N/A** | - The company has invested **65.05 million Yuan** in raised capital projects using self-raised funds, and this portion of self-owned funds was replaced with raised capital on May 24, 2019[69](index=69&type=chunk) - The company manages idle raised capital through cash management, with a cash management balance of **50 million Yuan** at the end of this reporting period, which did not exceed the authorized limit[71](index=71&type=chunk) [Share Changes and Shareholder Information](index=22&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details the company's share capital stability and provides an overview of its shareholder structure, including the largest shareholder and top ten shareholders [Changes in Share Capital](index=22&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the company's total share capital or share structure - During the reporting period, there were no changes in the company's total share capital or share structure[73](index=73&type=chunk) [Shareholder Information](index=23&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the total number of ordinary shareholders was **124,038**. Anhui Jinzizhongjiu Group Co., Ltd. is the largest shareholder, holding **27.10%** of the shares. The top ten shareholders include several funds and individual investors - As of the end of the reporting period, the total number of ordinary shareholders (households) was **124,038**[74](index=74&type=chunk) 前十名股东持股情况（截至报告期末） | 股东名称 | 期末持股数量 (shares) | 比例 (%) | 股东性质 | | :--- | :--- | :--- | :--- | | Anhui Jinzizhongjiu Group Co., Ltd. | 178,257,084 | 27.10 | State-owned legal person | | Bank of China Co., Ltd. - China Merchants CSI Liquor Index Graded Securities Investment Fund | 32,550,443 | 4.95 | Unknown | | China Construction Bank Co., Ltd. - Penghua CSI Liquor ETF | 10,843,618 | 1.65 | Unknown | | Fang Yuanyuan | 3,202,600 | 0.49 | Domestic natural person | | Zhou Jianzhong | 3,016,743 | 0.46 | Domestic natural person | | Zhang Bin | 2,597,200 | 0.39 | Domestic natural person | | Gong Wei | 2,326,600 | 0.35 | Domestic natural person | | China Construction Bank Co., Ltd. - Penghua CSI Liquor Index Securities Investment Fund (LOF) | 2,098,427 | 0.32 | Unknown | | Hong Kong Securities Clearing Company Limited | 1,977,799 | 0.30 | Overseas legal person | | CITIC Securities Co., Ltd. - Tianhong CSI Food and Beverage ETF | 1,825,200 | 0.28 | Unknown | - There are no associated relationships or concerted actions between Anhui Jinzizhongjiu Group Co., Ltd. and other shareholders[77](index=77&type=chunk) [Bond-Related Information](index=25&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms the absence of outstanding corporate bonds, enterprise bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds during the reporting period [Corporate Bonds and Debt Financing Instruments](index=25&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) During the reporting period, the company had no outstanding corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments that were not yet due or had matured but not fully repaid - The company has no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments[80](index=80&type=chunk) [Convertible Corporate Bonds](index=25&type=section&id=%E4%BA%8C%E3%80%81%E5%8F%AF%E8%BD%AC%E6%8D%A2%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E6%83%85%E5%86%B5) During the reporting period, the company had no convertible corporate bonds that were not yet converted or had been converted but not yet matured - The company has no convertible corporate bonds[80](index=80&type=chunk) [Financial Report](index=26&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, and cash flow statements, along with detailed notes on accounting policies, tax items, and financial statement items [Audit Report](index=26&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual report is unaudited - This semi-annual report is unaudited[82](index=82&type=chunk) [Financial Statements](index=26&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated and parent company balance sheets, income statements, and cash flow statements for the first half of 2025, comprehensively reflecting the financial position, operating results, and cash flows at the end of the reporting period 合并资产负债表（2025年6月30日） | 项目 | 金额 (Yuan) | | :--- | :--- | | Total Assets | 3.08 billion | | Total Liabilities | 975.62 million | | Total Equity Attributable to Parent Company Owners | 2.10 billion | | Minority Interests | 10.44 million | | Total Owners' Equity | 2.11 billion | 合并利润表（2025年1-6月） | 项目 | 金额 (Yuan) | | :--- | :--- | | Total Operating Revenue | 483.57 million | | Operating Profit | -72.02 million | | Total Profit | -71.09 million | | Net Profit | -72.16 million | | Net Profit Attributable to Parent Company Shareholders | -72.20 million | | Basic Earnings Per Share (Yuan/share) | -0.1098 | | Diluted Earnings Per Share (Yuan/share) | -0.1098 | 合并现金流量表（2025年1-6月） | 项目 | 金额 (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -119.06 million | | Net Cash Flow from Investing Activities | -43.56 million | | Net Cash Flow from Financing Activities | 64.81 million | | Net Increase in Cash and Cash Equivalents | -97.81 million | | Cash and Cash Equivalents at End of Period | 252.52 million | [Company Basic Information](index=51&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section introduces Anhui Jinzizhongjiu Co., Ltd.'s establishment history, share capital changes, name changes, legal representative, and main business scope, clarifying its identity as a liquor and pharmaceutical production and sales enterprise - The company was initiated by Anhui Jinzizhongjiu Group Co., Ltd. and listed on the Shanghai Stock Exchange on August 12, 1998[117](index=117&type=chunk) - The company's share capital has undergone multiple stock splits, bonus issues, and non-public offerings, resulting in a final share capital of **657.7968 million shares**[118](index=118&type=chunk)[119](index=119&type=chunk) - The company's name was changed to Anhui Jinzizhongjiu Co., Ltd. in July 2006[118](index=118&type=chunk) - The company's legal representative is He Xiuxia, and its main business scope is the production and sales of liquor and pharmaceuticals[120](index=120&type=chunk) [Basis of Financial Statement Preparation](index=51&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The company's financial statements are prepared on a going concern basis, strictly adhering to the recognition and measurement provisions of enterprise accounting standards, their application guidelines, and interpretations, and comply with the CSRC's information disclosure requirements. The company has assessed its going concern ability and found no impacting matters - The company prepares its financial statements on a going concern basis, recognizing and measuring transactions and events in accordance with enterprise accounting standards, their application guidelines, and interpretations[121](index=121&type=chunk) - The company also discloses relevant financial information in accordance with the China Securities Regulatory Commission's "Compilation Rules for Information Disclosure by Companies Issuing Securities No. 15 - General Provisions for Financial Reports (Revised in 2023)"[121](index=121&type=chunk) - The company has assessed its ability to continue as a going concern for 12 months from the end of the reporting period and has found no matters affecting its going concern ability[122](index=122&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=52&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section elaborates on the significant accounting policies and estimates followed by the company in preparing its financial statements, covering key areas from business combinations, financial instruments, and revenue recognition to asset impairment and employee compensation, ensuring the accuracy and comparability of financial reporting - The company's financial statements comply with enterprise accounting standards, accurately and completely reflecting financial position, operating results, and other information[124](index=124&type=chunk) - The company's accounting year is from January 1 to December 31 of the Gregorian calendar, with a normal operating cycle of one year, and the bookkeeping base currency is Renminbi[125](index=125&type=chunk)[126](index=126&type=chunk)[127](index=127&type=chunk) - The company has set materiality standards, for example, important non-wholly-owned subsidiaries whose total assets, operating revenue, or total profit exceed **5%** of the consolidated financial statements[128](index=128&type=chunk) - Detailed provisions are made for accounting treatments of business combinations under common control and non-common control, including principles for step-by-step transactions achieving combinations[129](index=129&type=chunk)[130](index=130&type=chunk)[131](index=131&type=chunk) - Consolidated financial statements determine the scope of consolidation based on control, and detail the preparation methods, treatment of increases/decreases in subsidiaries during the reporting period, and special considerations in consolidation eliminations[132](index=132&type=chunk)[134](index=134&type=chunk)[135](index=135&type=chunk)[136](index=136&type=chunk)[137](index=137&type=chunk) - Financial instruments are classified as measured at amortized cost, at fair value through profit or loss, or at fair value through other comprehensive income, with detailed explanations of their recognition, derecognition, subsequent measurement, and impairment provision methods[151](index=151&type=chunk)[152](index=152&type=chunk)[153](index=153&type=chunk)[154](index=154&type=chunk)[158](index=158&type=chunk)[159](index=159&type=chunk)[160](index=160&type=chunk)[161](index=161&type=chunk)[162](index=162&type=chunk)[163](index=163&type=chunk)[164](index=164&type=chunk)[166](index=166&type=chunk) - Revenue recognition follows the principle of satisfying performance obligations, recognizing revenue when the customer obtains control of the related goods, and details accounting treatments for special circumstances such as variable consideration, significant financing components, sales return clauses, and warranty obligations[210](index=210&type=chunk)[211](index=211&type=chunk)[212](index=212&type=chunk)[213](index=213&type=chunk)[214](index=214&type=chunk)[215](index=215&type=chunk)[216](index=216&type=chunk)[217](index=217&type=chunk) - Government grants are classified into asset-related and income-related, recognized as deferred income or directly into current profit or loss, respectively[221](index=221&type=chunk)[222](index=222&type=chunk) - Deferred income tax assets and liabilities are recognized and measured based on temporary differences between the carrying amounts of assets and liabilities and their tax bases[223](index=223&type=chunk)[224](index=224&type=chunk)[225](index=225&type=chunk)[226](index=226&type=chunk)[227](index=227&type=chunk)[228](index=228&type=chunk) [Taxation](index=88&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section lists the company's main tax categories and rates, including VAT, consumption tax, and corporate income tax, and discloses that subsidiary Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. enjoys a **15%** corporate income tax preference as a high-tech enterprise, while Taihe County Jinzizhongjiu Sales Co., Ltd. and Anhui Jinzizhongjiu IoT Technology Co., Ltd. enjoy a **20%** corporate income tax preference as small and micro enterprises 主要税种及税率 | 税种 | 计税依据 | 税率 | | :--- | :--- | :--- | | Value-Added Tax | Taxable sales revenue | 13%, 9%, 6%, 5% | | Consumption Tax (ad valorem) | Liquor sales amount | 20% | | Consumption Tax (specific) | Liquor sales volume | 1 Yuan/kilogram | | Urban Maintenance and Construction Tax | Payable turnover tax | 7%, 5% | | Education Surcharge | Payable turnover tax | 3% | | Local Education Surcharge | Payable turnover tax | 3% | | Corporate Income Tax | Taxable income | 25% | 不同企业所得税税率纳税主体 | 纳税主体名称 | 所得税税率（%） | | :--- | :--- | | Anhui Jinzizhongjiu Co., Ltd. | 25% | | Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. | 15% | | Fuyang Jinzizhongjiu Fuhexiang Marketing Co., Ltd. | 25% | | Anhui Zhongjiu Liquor Co., Ltd. | 25% | | Fuyang Jinzizhongjiu Sales Co., Ltd. | 25% | | Anhui Yingshang County Jinzizhongjiu Co., Ltd. | 25% | | Taihe County Jinzizhongjiu Sales Co., Ltd. | 20% | | Anhui Jinzhisheng Media Co., Ltd. | 25% | | Anhui Jinzizhongjiu IoT Technology Co., Ltd. | 20% | - Subsidiary Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. enjoys a high-tech enterprise income tax preferential policy, with corporate income tax levied at a **15% rate** (from November 1, 2022, to October 31, 2025)[241](index=241&type=chunk) - The company and its subsidiary Jintaiyang Pharmaceutical are eligible for additional deduction of research and development expenses when calculating taxable income[241](index=241&type=chunk) - Taihe County Jinzizhongjiu Sales Co., Ltd. and Anhui Jinzizhongjiu IoT Technology Co., Ltd. are small and micro enterprises, paying corporate income tax at a **20% rate** (from January 1, 2023, to December 31, 2027)[242](index=242&type=chunk) [Notes to Consolidated Financial Statement Items](index=89&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on the main items in the consolidated financial statements, including various assets, liabilities, owners' equity, income, costs, and expenses, explaining their period-end balances, changes, and reasons 货币资金（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Bank Deposits | 252.43 million | | Other Monetary Funds | 12.39 million | | **Total** | **264.82 million** | Among which: **12.30 million Yuan** of other monetary funds are bill deposits for bank acceptance bills issued by the company. 应收账款（期末账面价值） | 账龄 | 期末账面余额 (Yuan) | | :--- | :--- | | Within 1 year | 29.72 million | | 1 to 2 years | 9.40 million | | 2 to 3 years | 868,486.06 | | Over 3 years | 69.45 million | | **Total** | **109.44 million** | The period-end carrying value is **37.31 million Yuan**, with a bad debt provision of **72.13 million Yuan**. 应收款项融资（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Notes Receivable | 92.14 million | | **Total** | **92.14 million** | Among which, the amount of bank acceptance bills endorsed or discounted and not yet due at period-end is **67.94 million Yuan**. 预付款项（期末余额） | 账龄 | 期末余额 (Yuan) | 比例(%) | | :--- | :--- | :--- | | Within 1 year | 7.46 million | 89.01 | | 1 to 2 years | 608,763.47 | 7.26 | | 2 to 3 years | 305,975.97 | 3.65 | | Over 3 years | 5,998.24 | 0.07 | | **Total** | **8.38 million** | **100.00** | The top five prepayments account for **36.69%** of the total prepayments at period-end. 其他应收款（期末账面价值） | 款项性质 | 期末账面余额 (Yuan) | | :--- | :--- | | Equity transfer payment | 2.40 million | | Deposits | 105,845.00 | | Security deposits and others | 2.04 million | | Petty cash | 244,056.98 | | **Total** | **4.79 million** | The period-end carrying value is **1.35 million Yuan**, with a bad debt provision of **3.44 million Yuan**. 存货（期末账面价值） | 项目 | 账面余额 (Yuan) | 存货跌价准备 (Yuan) | 账面价值 (Yuan) | | :--- | :--- | :--- | :--- | | Raw Materials | 30.13 million | 0 | 30.13 million | | Work in Progress | 60.95 million | 0 | 60.95 million | | Inventory Goods | 67.91 million | 10.18 million | 57.73 million | | Revolving Materials | 22.06 million | 3.53 million | 18.53 million | | Semi-finished Products | 1.32 billion | 0 | 1.32 billion | | **Total** | **1.50 billion** | **13.70 million** | **1.49 billion** | 固定资产（期末账面价值） | 项目 | 期末账面价值 (Yuan) | | :--- | :--- | | Buildings and Structures | 585.03 million | | Machinery and Equipment | 47.81 million | | Specialized Equipment | 164.85 million | | Transportation Vehicles | 5.39 million | | Other Equipment | 16.91 million | | **Total** | **820.00 million** | The current period's increase amounted to **16.04 million Yuan**, of which **15.09 million Yuan** was transferred from construction in progress. 在建工程（期末账面价值） | 项目 | 期末账面余额 (Yuan) | 账面价值 (Yuan) | | :--- | :--- | :--- | | High-quality base liquor technical renovation and supporting projects | 41.79 million | 41.79 million | | Other projects | 1.90 million | 1.90 million | | **Total** | **43.69 million** | **43.69 million** | The high-quality base liquor technical renovation and supporting projects increased by **27.31 million Yuan** in the current period, with **9.61 million Yuan** transferred to fixed assets, and cumulative investment accounting for **93.06%** of the budget. 无形资产（期末账面价值） | 项目 | 期末账面价值 (Yuan) | | :--- | :--- | | Land Use Rights | 224.23 million | | Computer Software | 4.86 million | | **Total** | **229.09 million** | Cumulative amortization increased by **5.38 million Yuan** in the current period. 所有权或使用权受限资产（期末余额） | 项目 | 账面余额 (Yuan) | 账面价值 (Yuan) | 受限类型 | 受限情况 | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 12.30 million | 12.30 million | Frozen | Bill deposit | | **Total** | **12.30 million** | **12.30 million** | **N/A** | **N/A** | 短期借款（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Credit Loans | 205.00 million | | Commercial Acceptance Bill Discount Principal | 49.74 million | | Interest Payable | 85,900.25 | | **Total** | **254.82 million** | 应付账款（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Advertising and Promotion Fees | 69.29 million | | Material Costs | 147.21 million | | Engineering and Equipment Costs | 49.21 million | | Freight | 1.08 million | | Others | 6.85 million | | **Total** | **273.64 million** | 合同负债（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Advance Receipts for Goods | 121.00 million | | **Total** | **121.00 million** | 应付职工薪酬（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Short-term Compensation | 14.29 million | | **Total** | **14.29 million** | 长期借款（期末余额） | 项目 | 期末余额 (Yuan) | | :--- | :--- | | Credit Loans | 9.90 million | | **Total** | **9.90 million** | 递延收益（期末余额） | 项目 | 期初余额 (Yuan) | 本期计入其他收益金额 (Yuan) | 期末余额 (Yuan) | 与资产/收益相关 | | :--- | :--- | :--- | :--- | :--- | | Government Grants | 128.06 million | 4.59 million | 123.47 million | Asset-related/Income-related | | **Total** | **128.06 million** | **4.59 million** | **123.47 million** | **N/A** | 未分配利润（期末余额） | 项目 | 本期 (Yuan) | | :--- | :--- | | Unappropriated Profit at End of Prior Period (Adjusted) | 202.68 million | | Add: Net Profit Attributable to Parent Company Owners for the Period | -72.20 million | | **Unappropriated Profit at End of Period** | **130.49 million** | 营业收入和营业成本（2025年1-6月） | 项目 | 收入 (Yuan) | 成本 (Yuan) | | :--- | :--- | :--- | | Main Business | 472.76 million | 273.71 million | | Other Business | 10.81 million | 2.50 million | | **Total** | **483.57 million** | **276.21 million** | Among which, liquor revenue was **410.53 million Yuan**, and pharmaceutical revenue was **73.05 million Yuan**. 销售费用（2025年1-6月） | 项目 | 本期发生额 (Yuan) | | :--- | :--- | | Advertising Expenses | 46.87 million | | Employee Compensation | 69.25 million | | Promotion Expenses | 22.23 million | | Travel Expenses | 5.51 million | | Others | 3.95 million | | Depreciation Expenses | 2.10 million | | Business Entertainment Expenses | 898,567.85 | | E-commerce Expenses | 559,929.37 | | **Total** | **151.37 million** | Selling expenses increased by **18.44%** compared to the same period last year, mainly due to increased advertising investment. 管理费用（2025年1-6月） | 项目 | 本期发生额 (Yuan) | | :--- | :--- | | Employee Compensation | 15.04 million | | Depreciation and Amortization | 11.45 million | | Office Expenses | 1.72 million | | Intermediary Service Fees | 613,070.16 | | Others | 2.13 million | | Repair and Maintenance Fees | 376,758.98 | | Travel Expenses | 87,389.23 | | Freight and Miscellaneous Expenses | 665,652.09 | | Business Entertainment Expenses | 451,055.03 | | **Total** | **32.54 million** | Administrative expenses decreased by **33.14%** compared to the same period last year, mainly due to cost control measures such as office expenses, leading to reduced expenses in the current period. 财务费用（2025年1-6月） | 项目 | 本期发生额 (Yuan) | | :--- | :--- | | Interest Expense | 2.93 million | | Less: Interest Income | 854,260.18 | | Net Interest Expense | 2.07 million | | Bank Charges, etc. | 112,520.34 | | **Total** | **2.18 million** | Financial expenses turned from negative to positive compared to the same period last year, mainly due to decreased bank deposit interest income and increased interest expenses in the reporting period. 经营活动产生的现金流量净额调节表（2025年1-6月） | 补充资料 | 本期金额 (Yuan) | | :--- | :--- | | Net Profit | -72.16 million | | Add: Credit Impairment Losses | 2.30 million | | Depreciation of Fixed Assets, etc. | 27.71 million | | Amortization of Intangible Assets | 5.38 million | | Financial Expenses (income filled with "－") | 2.07 million | | Decrease in Inventories (increase filled with "－") | 51.42 million | | Decrease in Operating Receivables (increase filled with "－") | -46.24 million | | Increase in Operating Payables (decrease filled with "－") | -88.19 million | | Others | -1.70 million | | **Net Cash Flow from Operating Activities** | **-119.06 million** | [Research and Development Expenses](index=129&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) This section lists the company's R&D expenditure details for the reporting period, primarily including direct material costs, direct labor costs, and outsourced R&D expenses, with all R&D expenditures expensed and none capitalized 研发支出按费用性质列示（2025年1-6月） | 项目 | 本期发生额 (Yuan) | | :--- | :--- | | Direct Material Costs | 3.90 million | | Direct Labor Costs | 4.33 million | | Outsourced R&D Expenses | 779,992.93 | | Technical Service Fees | 28,538.80 | | Depreciation and Amortization | 955,935.64 | | Others | 256,115.01 | | **Total** | **10.25 million** | Among which: Expensed R&D expenditure was **10.25 million Yuan**, and capitalized R&D expenditure was **0 Yuan**. - Current period R&D expenditure decreased compared to the same period last year, mainly due to a decrease in registration fees[42](index=42&type=chunk) [Changes in Consolidation Scope](index=130&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) During the reporting period, the company's consolidation scope did not change due to business combinations under non-common control, business combinations under common control, reverse acquisitions, or disposal of subsidiaries - There were no transactions or events resulting in loss of control over subsidiaries in the current period[390](index=390&type=chunk) - There were no instances of disposing of investments in subsidiaries in multiple steps, leading to loss of control in the current period[390](index=390&type=chunk) [Interests in Other Entities](index=130&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) This section discloses the company's interests in subsidiaries, including basic information for 8 subsidiaries, and details the key financial information of the important non-wholly-owned subsidiary Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. Additionally, during the reporting period, the company completed the deregistration of Anhui Jinzhisheng Media Co., Ltd. and Taihe County Jinzizhongjiu Sales Co., Ltd 企业集团的构成（子公司列表） | 子公司名称 | 主要经营地 | 注册资本 (million Yuan) | 业务性质 | 持股比例(%) 直接 | | :--- | :--- | :--- | :--- | :--- | | Anhui Jintaiyang Biochemical Pharmaceutical Co., Ltd. | Fuyang | 30.00 | Pharmaceutical production, sales | 92.00 | | Fuyang Jinzizhongjiu Fuhexiang Marketing Co., Ltd. | Fuyang | 30.00 | Liquor sales | 66.67 | | Anhui Zhongjiu Liquor Co., Ltd. | Hefei | 30.00 | Liquor sales | 90.00 | | Fuyang Jinzizhongjiu Sales Co., Ltd. | Fuyang | 172.20 | Liquor sales | 100.00 | | Anhui Yingshang County Jinzizhongjiu Co., Ltd. | Fuyang | 5.00 | Liquor sales | 100.00 | | Taihe County Jinzizhongjiu Sales Co., Ltd. | Fuyang | 2.80 | Liquor sales | 100.00 | | Anhui Jinzhisheng Media Co., Ltd. | Fuyang | 114.97 | Cultural media | 100.00 | | Anhui Jinzizhongjiu IoT Technology Co., Ltd. | Fuyang | 6.00 | Liquor sales | 100.00 | 重要非全资子公司主要财务信息（安徽金太阳生化药业有限公司） | 项目 | 本期发生额 (Yuan) | | :--- | :--- | | Operating Revenue | 73.05 million | | Net Profit | 425,227.66 | | Total Comprehensive Income | 425,227.66 | | Cash Flow from Operating Activities | 25.55 million | | Minority Shareholding Ratio | 8% | | Current Period Profit/Loss Attributable to Minority Shareholders | 34,018.21 | | Period-end Minority Interests Balance | 10.44 million | - Anhui Jinzhisheng Media Co., Ltd. and Taihe County Jinzizhongjiu Sales Co., Ltd. completed industrial and commercial deregistration procedures in August 2025[418](index=418&type=chunk) [Government Grants](index=133&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) This section discloses the company's government grant liability items and the amount of government grants recognized in current profit or loss during the reporting period. The period-end balance of government grants in deferred income is **123.47 million Yuan**, and the total government grants transferred to profit or loss in the current period amount to **4.89 million Yuan** 涉及政府补助的负债项目（期末余额） | 财务报表项目 | 期初余额 (Yuan) | 本期计入其他收益金额 (Yuan) | 期末余额 (Yuan) | 与资产/收益相关 | | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 128.06 million | 4.59 million | 123.47 million | Asset-related/Income-related | | **Total** | **128.06 million** | **4.59 million** | **123.47 million** | **N/A** | 计入当期损益的政府补助（2025年1-6月） | 类型 | 本期发生额 (Yuan) | | :--- | :--- | | Asset-related | 4.59 million | | Income-related | 300,000.00 | | **Total** | **4.89 million** | [Financial Instrument Risks](index=133&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company's management is responsible for formulating financial instrument risk management objectives and policies, primarily focusing on credit risk, liquidity risk, and market risk (interest rate risk), managing these risks by assessing customer credit, monitoring liquidity needs, and balancing fixed/floating rate debt - The company's financial instrument-related risks arise from credit risk, liquidity risk, and market risk[403](index=403&type=chunk) - Credit risk primarily arises from monetary funds, notes receivable, accounts receivable, notes receivable financing, other receivables, contract assets, debt investments, and long-term receivables, controlled by assessing customer creditworthiness and regularly monitoring credit records[404](index=404&type=chunk) - Liquidity risk is managed by regularly monitoring short-term and long-term liquidity needs to ensure sufficient cash reserves and readily marketable securities[407](index=407&type=chunk) 金融负债到期期限（2025年6月30日） | 项目 | 1 年以内 (Yuan) | 1-2 年 (Yuan) | 2-3 年 (Yuan) | 3 年以上 (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Short-term Borrowings | 254.82 million | 0 | 0 | 0 | | Notes Payable | 41.00 million | 0 | 0 | 0 | | Accounts Payable | 273.64 million | 0 | 0 | 0 | | Other Payables | 111.01 million | 0 | 0 | 0 | | Long-term Borrowings | 0 | 9.90 million | 0 | 0 | | **Total** | **680.47 million** | **9.90 million** | **0** | **0** | - Interest rate risk primarily arises from long-term interest-bearing debts such as long-term bank borrowings; the company determines the relative proportion of fixed-rate and floating-rate contracts based on market conditions and continuously monitors interest rate levels[409](index=409&type=chunk) [Fair Value Disclosure](index=136&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) This section discloses the fair value of the company's assets and liabilities measured at fair value at the end of the period, categorized into three levels based on the input values used for fair value measurement. As of the period-end, notes receivable financing is the only asset continuously measured at fair value - Fair value measurement inputs are categorized into three levels: Level 1 (unadjusted quoted prices in active markets), Level 2 (directly or indirectly observable inputs), and Level 3 (unobservable inputs)[172](index=172&type=chunk)[414](index=414&type=chunk) 以公允价值计量的资产和负债的期末公允价值 | 项目 | 第一层次公允价值计量 (Yuan) | 第二层次公允价值计量 (Yuan) | 第三层次公允价值计量 (Yuan) | 合计 (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Notes Receivable Financing | 92.14 million | 0 | 0 | 92.14 million | | **Total Assets Measured at Fair Value on a Recurring Basis** | **92.14 million** | **0** | **0** | **92.14 million** | - For financial instruments not traded in an active market, the company uses valuation techniques to determine their fair value, primarily including discounted cash flow models and market comparable company models[414](index=414&type=chunk) [Related Parties and Related Party Transactions](index=138&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) This section discloses information on the company's parent company, ultimate controlling party, subsidiaries, and other related parties, and lists related party transactions with Anhui Jinzizhongjiu Group Co., Ltd. for goods sales, as well as key management personnel compensation during the reporting period - The company's parent company is Anhui Jinzizhongjiu Group Co., Ltd., with both shareholding and voting rights ratios at **27.10%**[416](index=416&type=chunk) - The ultimate controlling party of the enterprise is Fuyang Municipal People's Government State-owned Assets Supervision and Administration Commission, Anhui Province[416](index=416&type=chunk) - Other related parties include China Resources Liquor Holdings Co., Ltd., Shandong Jingzhi Liquor Co., Ltd., Guizhou Jinsha Cellar Liquor Co., Ltd., etc[419](index=419&type=chunk) 出售商品/提供劳务的关联交易（2025年1-6月） | 关联方 | 关联交易内容 | 本期发生额 (Yuan) | 上期发生额 (Yuan) | | :--- | :--- | :--- | :--- | | Anhui Jinzizhongjiu Group Co., Ltd. | Sale of liquor | 563,384.88 | 368,092.18 | 关键管理人员报酬（2025年1-6月） | 项目 | 本期发生额 (million Yuan) | | :--- | :--- | | Key Management Personnel Compensation | 5.06 | [Share-based Payment](index=141&type=section&id=%E5%8D%81%E4%BA%94%E3%80%81%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98) During the reporting period, the company did not implement any share-based payment plans, thus there are no related equity instruments, share-based payment expenses, or modifications/terminations - The company has no details of equity instruments[425](index=425&type=chunk) - The company has no equity-settled share-based payment arrangements[425](index=425&type=chunk) - The company has no cash-settled share-based payment arrangements[425](index=425&type=chunk) - The company incurred no share-based payment expenses in the current period[425](index=425&type=chunk) - The company has no modifications or terminations of share-based payment arrangements[425](index=425&type=chunk) [Commitments and Contingencies](index=141&type=section&id=%E5%8D%81%E5%85%AD%E3%80%81%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) As of June 30, 2025, the company has no significant commitments or contingencies requiring disclosure - As of June 30, 2025, the company has no significant contingencies requiring disclosure[426](index=426&type=chunk) [Post-Balance Sheet Events](index=142&type=section&id=%E5%8D%81%E4%B8%83%E3%80%81%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E6%97%A5%E5%90%8E%E4%BA%8B%E9%A1%B9) As of the date of approval for this report's issuance, the company has no significant non-adjusting even

安徽金种子酒业股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项 报告 根据中国证券监督管理委员会《上市公司募集资金监管规则》及《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，将安徽金 种子酒业股份有限公司（以下简称"金种子酒"或"公司"）2025 年半年度募 集资金存放与实际使用情况报告如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2018]1633 号文《关于核准安徽金种 子酒业股份有限公司非公开发行股票的批复》核准，公司向新华基金管理股份 有限公司、付小铜、陕西柳林酒业有限公司等 3 名特定投资者非公开发行人民 币普通股（A 股）10,202.18 万股，每股发行价格人民币 5.65 元，募集资金总 额为人民币 57,642.33 万元，根据有关规定扣除发行费用人民币 820.00 万元 后，公司实际募集资金净额为人民币 56,822.33 万元。该募集资金已于 2019 年 4 月 1 日全部到位。上述资金到位情况业经华普天健会计师事务所（特殊普 通合伙）会验字[2019] 3464 号《验资报告》验证。公司对募集资金采取了专 户存储制度。 截 ...

格隆汇8月27日｜金种子酒公告，2025年上半年营业收入4.84亿元，同比下降27.47%；归属于上市公司 股东的净亏损7219.68万元，上年同期净利润1109.8万元。报告期内不进行利润分配、不转增股本。 ...

证券代码：600199 证券简称：金种子酒 公告编号：临 2025-033 安徽金种子酒业股份有限公司 2025年半年度主要经营数据公告 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法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》 之《第十二号——酒制造》第十六条相关规定，现将安徽金种子酒业股份有 限公司 2025 年 1-6 月份主要经营数据（未经审计）公告如下： 一 、 报告期经营情况 单位：万元 币种：人民币 | 分渠道 | 本期营业收入 | | --- | --- | | 省内 | 32,531.22 | | 省外 | 7,662.97 | | 合计 | 40,194.18 | 1、产品分档次情况 单位：万元 币种：人民币 | 分产品 | 本期营业收入 | 主要代表品牌 | | | --- | --- | --- | --- | | 高端酒 | 3,727.85 | 馥合香馥 16、馥合香馥 | 20 | | 中端酒 | 11,335.30 | 馥合香馥 7、馥合香馥 | 9、柔和大师 | | ...

证券代码：600199 证券简称：金种子酒 公告编号：临 2025-034 安徽金种子酒业股份有限公司 关于召开 2025 年半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法律责任。 重要内容提示： 会议召开时间：2025 年 09 月 22 日 （星期一）下午 15:00-16:00 投资者可于 2025 年 09 月 15 日 （星期一） 至 09 月 19 日 （星期五） 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 2025 年 8 月 28 日 发布公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 22 日 （星期一） 15:00-16:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说 ...

金种子酒公告，2025年上半年营业收入4.84亿元，同比下降27.47%。归属于上市公司股东的净亏损 7219.68万元，上年同期净利润1109.8万元。报告期内不进行利润分配、不转增股本。 ...

Group 1 - A-shares in the liquor sector experienced significant gains, driven by favorable factors such as clear valuation advantages and the upcoming Mid-Autumn Festival [1] - Shede Liquor reached the daily limit, while Shui Jing Fang and Ying Jia Gong Jiu rose over 6%, and other notable brands like Jin Hui Jiu and Shanxi Fen Jiu increased by over 4% [1] - Major brands such as Luzhou Laojiao and Wuliangye also saw increases, with Guizhou Moutai rising over 1% [1] Group 2 - The market capitalization and year-to-date performance of several liquor companies were highlighted, with Shede Liquor at 22.3 billion and a year-to-date increase of 2.42% [2] - Shui Jing Fang had a market cap of 23.7 billion but a year-to-date decline of 7.24%, while Ying Jia Gong Jiu's market cap was 37.3 billion with a decline of 10.31% [2] - Shanxi Fen Jiu showed strong performance with a market cap of 249.5 billion and a year-to-date increase of 14.93% [2]