Financial Performance - The company's operating revenue for 2022 was RMB 4,222,228,361.42, a decrease of 7.57% compared to RMB 4,568,174,605.60 in 2021[22] - The net profit attributable to shareholders of the listed company was RMB 95,289,373.56, down 57.33% from RMB 223,304,693.71 in the previous year[22] - The basic earnings per share decreased to RMB 0.06, a decline of 57.14% from RMB 0.14 in 2021[23] - The weighted average return on net assets dropped to 3.14%, a decrease of 4.34 percentage points from 7.48% in the previous year[23] - The net cash flow from operating activities was RMB 238,865,301.70, down 57.74% from RMB 565,267,485.46 in 2021[22] - The total assets at the end of 2022 were RMB 4,989,553,630.54, a decrease of 3.28% compared to RMB 5,158,848,551.06 at the end of 2021[22] - The net profit after deducting non-recurring gains and losses was RMB 113,466,865.42, a decrease of 48.36% from RMB 219,734,884.53 in 2021[22] Revenue Breakdown - Revenue from solid beverage products increased by 11.83% year-on-year, totaling CNY 190,955.02 million[34] - Revenue from grain processing products decreased by 21.90% year-on-year, totaling CNY 166,997.26 million[34] - The company's total revenue for 2022 was CNY 4,222,228,361.42, a year-on-year decrease of 7.57%[34] - Solid beverage revenue increased to CNY 190,955.02 million, up 11.83% year-on-year, while plant-based protein beverage revenue decreased to CNY 43,687.48 million, down 10.89%[54] Product Development and Innovation - The company launched new products such as low-sugar soy milk powder and high-protein pure soy milk powder, achieving significant sales growth[34] - The company applied for 3 national invention patents in 2022, focusing on product innovation[36] - The company is focusing on expanding its product line with new formulations aimed at children's nutrition, enhancing market competitiveness[71] - The company has launched new products including coconut-flavored soy milk and oat milk, which are expected to increase liquid beverage sales revenue[70] Market Strategy and Expansion - The company constructed over 20,000 retail stores, enhancing its market presence[34] - The company is actively expanding its product offerings, including liquid soy milk and plant protein beverages, while also enhancing its grain acquisition and processing capabilities[44] - The company is committed to promoting a healthy diet, aligning with national initiatives to increase plant protein intake and improve public nutrition[39] - The company is focused on expanding its distribution network, having established distribution centers in key regions to enhance market penetration[53] Operational Efficiency and Digital Transformation - The company has been focusing on digital transformation across various sectors, including procurement, production, and customer service, enhancing its operational efficiency[37] - The company has developed a comprehensive digital platform to facilitate data sharing and operational efficiency across its business units[37] - The company has established a comprehensive production network across multiple regions, enhancing operational efficiency and market responsiveness[50] - The company is actively integrating online and offline sales channels, aiming for a seamless retail experience[51] Environmental and Regulatory Compliance - The company invested RMB 4.95 million in environmental protection during the reporting period[195] - The company operates under the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) for its wastewater management[198] - ViVi Food and Beverage Co., Ltd. has implemented measures to comply with the "Boiler Air Pollutants Emission Standards" (GB13271-2014) for gas boilers[196] - The company is actively engaged in environmental protection measures as a key pollutant discharge unit[197] Governance and Management - The board of directors and supervisory board operate under clear responsibilities, ensuring compliance with legal and regulatory requirements[155] - The company has established specialized committees within the board to enhance decision-making efficiency and governance[156] - The company has implemented a performance evaluation and incentive mechanism to balance efficiency and fairness[157] - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[158] Leadership Changes - Lin Bin resigned as chairman of the board on March 25, 2022, due to his promotion to vice mayor of Xuzhou[166] - Ren Dong was elected as the chairman of the board on March 25, 2022[166] - The company has undergone significant leadership changes in 2022, impacting its strategic direction[166] Future Outlook - The company aims to enhance product quality and healthiness, focusing on high-quality raw materials and advanced production processes[146] - The company is exploring potential mergers and acquisitions to enhance its market position[167] - Future product innovations are being prioritized to meet changing consumer preferences[167]

2022 年第三季度报告 证券代码：600300 证券简称：维维股份 维维食品饮料股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 21 2022 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 1,255,824,069.39 | ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 2.09 billion, representing a 2.66% increase compared to the same period last year[21]. - The net profit attributable to shareholders decreased by 45.28% year-on-year, amounting to approximately CNY 49.69 million[21]. - The basic earnings per share dropped by 50% to CNY 0.03 compared to CNY 0.06 in the same period last year[20]. - The net profit after deducting non-recurring gains and losses fell by 54.63% to approximately CNY 36.61 million[21]. - The company's weighted average return on equity decreased by 1.45 percentage points to 1.64%[20]. - The company reported a total profit for the first half of 2022 of CNY 77,013,280.06, a decrease of 37.1% from CNY 122,623,251.77 in the same period of 2021[118]. - The company reported a total comprehensive income of CNY 43,980,468.55, down from CNY 88,819,981.47 in the first half of 2021[119]. - The company reported a profit distribution of CNY -48,514,265.40 for the first half of 2022, which is a significant reduction compared to the previous year's distribution of CNY -161,714,218.00[136]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 368.50%, resulting in a negative cash flow of approximately CNY 255.24 million[21]. - The company's cash and cash equivalents decreased from ¥680,301,024.25 to ¥278,408,162.56, a decline of approximately 59%[109]. - Cash flow from investing activities showed a net outflow of CNY 57,948,585.25 in the first half of 2022, a decline from a net inflow of CNY 23,386,295.72 in the same period of 2021[127]. - Cash flow from financing activities resulted in a net outflow of CNY 93,115,108.98 for the first half of 2022, compared to a significantly higher outflow of CNY 1,138,464,737.48 in the first half of 2021[128]. - The ending cash and cash equivalents balance for the first half of 2022 was CNY 268,408,162.56, down from CNY 740,274,931.15 at the end of the first half of 2021[128]. Assets and Liabilities - The total assets of the company decreased by 2.12% to approximately CNY 5.05 billion compared to the end of the previous year[21]. - The company's total liabilities at the end of the first half of 2022 were CNY 1,067,999,996.00, reflecting a decrease from CNY 1,073,733,000.00 at the end of 2021, indicating a reduction of approximately 0.53%[134]. - The total non-current assets decreased from ¥3,423,155,075.93 to ¥3,314,590,103.62, a reduction of about 3.18%[110]. - The company's total assets at the end of the first half of 2022 were CNY 3,081,158,505.02, compared to CNY 3,086,892,301.87 at the end of 2021, indicating a slight decrease of about 0.19%[134]. Inventory and Operating Costs - Operating costs increased by 5.80% to ¥1,752,134,971.79 from ¥1,656,060,809.90 year-on-year[34]. - Inventory increased by 46.83% to ¥899,425,496.40, compared to ¥612,578,125.86 in the previous year, indicating a significant rise in raw material procurement[38]. - The company's inventory decreased to CNY 47,188,342.61 from CNY 74,256,181.87, a reduction of approximately 36.5%[113]. Strategic Initiatives and Market Position - The company focuses on the "big food, big grain" development strategy, consolidating its market share in soy milk powder while actively expanding into the plant protein beverage sector[33]. - The company has maintained a leading position in the soy milk market, with a strong brand presence and consumer recognition[26]. - The company has established a comprehensive supply chain from raw material processing to product sales, enhancing its competitive advantage[32]. - The company is positioned to benefit from the ongoing structural reforms in the grain supply side, enhancing its growth potential in the grain industry[29]. Environmental Compliance - The company reported a total pollutant discharge of 7.3055 tons for COD, which is compliant with the discharge standards[57]. - The company has a nitrogen oxide emission of 1.7119 tons, which is below the allowable limit of 45 tons[57]. - The company has implemented a comprehensive remediation plan for air pollution control as per local government directives[61]. - The company has signed a wastewater treatment agreement with Shandong Lingang Water Treatment Co., Ltd., with all wastewater now directed to the municipal treatment plant[72]. Governance and Leadership Changes - The company experienced a change in leadership, with Lin Bin resigning as chairman and Ren Dong elected as the new chairman[52]. - The company held its first temporary shareholder meeting in 2022 to elect new directors and address other governance matters[51]. - The company has not disclosed any progress on employee stock ownership plans or other incentive measures[55]. Research and Development - Research and development expenses decreased by 32.25% to ¥2,540,866.09, down from ¥3,750,492.28, due to project delays caused by the pandemic[34]. - The company has invested over 5 million yuan since March 2019 to upgrade wastewater treatment processes and facilities, including the addition of two sets of flotation units and a 1,000m³ anoxic tank[68].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,117,511,528.33, representing a year-on-year increase of 4.08%[2] - Net profit attributable to shareholders decreased by 52.75% to CNY 30,319,312.14, primarily due to rising raw material and fuel procurement costs, leading to a 17% decline in gross profit[4] - The basic and diluted earnings per share both fell by 50.00% to CNY 0.02[4] - Total operating revenue for Q1 2022 was CNY 1,117,511,528.33, an increase of 4.1% compared to CNY 1,073,703,308.85 in Q1 2021[15] - Operating profit for Q1 2022 decreased to CNY 46,226,587.30, down 46% from CNY 85,453,964.97 in Q1 2021[15] - The total profit for Q1 2022 was ¥47,183,237.90, a decrease of 45.1% compared to ¥86,045,773.41 in Q1 2021[16] - Net profit for Q1 2022 was ¥29,150,183.02, down 54.5% from ¥64,102,496.44 in Q1 2021[16] - Basic earnings per share for Q1 2022 was ¥0.02, compared to ¥0.04 in Q1 2021, reflecting a 50% decrease[16] - Net profit margin for Q1 2022 was approximately 4.1%, down from previous periods[15] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -80,975,746.93, indicating a significant cash outflow[2] - Cash flow from operating activities for Q1 2022 was negative at -¥80,975,746.93, an improvement from -¥285,834,899.30 in Q1 2021[18] - Total cash outflow from financing activities in Q1 2022 was $271.51 million, a decrease of 53% compared to $576.96 million in Q1 2021[29] - Net cash flow from financing activities in Q1 2022 was -$221.51 million, improving from -$297.16 million in Q1 2021[29] - The net increase in cash and cash equivalents for Q1 2022 was -$222.92 million, compared to -$666.15 million in Q1 2021, indicating a significant reduction in cash burn[29] - The ending balance of cash and cash equivalents as of Q1 2022 was $63.51 million, down from $518.94 million in Q1 2021[29] - The beginning balance of cash and cash equivalents for Q1 2022 was $286.43 million, a decrease of 75.8% from $1.19 billion in Q1 2021[29] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 4,756,483,951.37, down 7.80% from the end of the previous year[3] - Total assets decreased to CNY 4,756,483,951.37 from CNY 5,158,848,551.06, a decline of 7.8%[10] - Total liabilities decreased to CNY 1,649,886,695.11 from CNY 2,071,956,249.19, a reduction of 20.3%[10] - The company reported a decrease in short-term borrowings from CNY 779,700,000.00 to CNY 558,900,000.00, a decline of 28.3%[9] - Total assets as of March 31, 2022, were ¥4.47 billion, down 6.4% from ¥4.77 billion at the end of 2021[24] - Total liabilities decreased to ¥1.99 billion, a reduction of 14.6% from ¥2.33 billion at the end of 2021[24] - Current liabilities totaled ¥1.61 billion, down 17.3% from ¥1.95 billion at the end of 2021[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,058[6] - The largest shareholder, Xuzhou Xingsheng Investment Holding Group Co., Ltd., holds 29.90% of the shares, totaling 499,928,000 shares[6] - The company's total equity attributable to shareholders increased slightly by 0.27% to CNY 3,039,390,450.34 compared to the end of the previous year[3] - The total equity as of March 31, 2022, was ¥2.47 billion, an increase of 1.5% from ¥2.44 billion at the end of 2021[24] Research and Development - Research and development expenses for Q1 2022 were CNY 1,847,440.59, an increase from CNY 1,693,854.06 in Q1 2021, indicating a focus on innovation[15] - Research and development expenses for Q1 2022 were ¥1.51 million, slightly up from ¥1.47 million in Q1 2021[25] Investment Activities - Investment activities generated a net cash outflow of -¥48,929,867.76 in Q1 2022, compared to -¥7,600,490.44 in Q1 2021[19] - Long-term equity investments increased to CNY 33,493,761.66 from CNY 33,124,587.02, reflecting a growth of 1.1%[9] - The company’s long-term equity investments remained stable at ¥1,134,677,152.53 as of March 31, 2022[22]

Financial Performance - In 2021, the company's operating revenue was CNY 4,568,174,605.60, a decrease of 4.81% compared to CNY 4,798,816,953.10 in 2020[21] - The net profit attributable to shareholders was CNY 223,304,693.71, down 48.75% from CNY 435,734,627.67 in the previous year[21] - The net cash flow from operating activities decreased by 36.94% to CNY 565,267,485.46, primarily due to a reduction in sales receipts[23] - The company's total assets decreased by 23.22% to CNY 5,158,848,551.06 compared to CNY 6,719,134,045.72 at the end of 2020[21] - The basic earnings per share dropped by 48.15% to CNY 0.14 from CNY 0.27 in 2020[22] - The weighted average return on equity decreased to 7.48% from 16.09% in the previous year[22] - The company's total operating revenue for the reporting period was approximately CNY 4.57 billion, a decrease of 4.81% compared to the previous year[44] - The company's operating costs decreased by 3.17% to CNY 3.66 billion[44] - The company reported a total sales revenue of 170,760.27 million RMB, a decrease of 2.49% year-on-year[78] Profitability and Costs - The net profit after deducting non-recurring gains and losses increased by 259.54% to CNY 219,734,884.53, compared to CNY 61,115,201.29 in 2020[21] - Net profit attributable to shareholders of the listed company decreased by 48.75% compared to the previous year, primarily due to significant non-recurring gains from asset disposals in the prior reporting period[32] - The net profit attributable to shareholders after deducting non-recurring gains increased by 259.54% year-on-year, mainly due to a reduction in interest expenses of CNY 94 million from debt scale reduction[32] - The solid beverage segment generated revenue of CNY 1.71 billion, a decrease of 2.49% year-over-year[42] - The liquid plant protein beverage segment reported revenue of CNY 490.24 million, an increase of 11.36% year-over-year[42] - The grain primary processing products achieved revenue of CNY 2.14 billion, reflecting a growth of 0.75% compared to the previous year[42] - Sales expenses were reduced by 33.46% to CNY 241.18 million, indicating improved cost management[44] - Financial expenses saw a significant decline of 60.61%, amounting to CNY 54.31 million[44] Market and Product Development - The company launched new products including reduced-sugar soy milk powder, black bean soy milk powder, and high-quality cereal products, enhancing product line diversity and promoting a tiered product matrix[32] - The company is focusing on expanding its market share in the plant-based protein beverage sector while consolidating its position in the soy milk powder market[32] - The company has established modern grain logistics parks in key agricultural production areas, integrating collection, storage, processing, and trade operations[34] - The company maintains its leading position in the soy milk industry, with its products being widely recognized and favored by consumers[34] - The company is focusing on expanding its plant protein beverage market while maintaining its leadership in the soybean milk sector[35] - The company is developing an oat milk product, which is currently undergoing adjustments due to stability issues, with potential to increase liquid beverage sales upon completion[64] - The company plans to enhance product quality and health-oriented offerings, focusing on high-quality, healthy products to meet consumer demand[150] - The company emphasizes product research and development with a focus on plant-based concepts, aiming for product line extension and diversification across low, medium, and high-end products[154] Risk Management and Strategic Planning - The company faced multiple risks due to domestic economic pressures, including demand contraction and supply shocks[8] - The company is actively responding to market changes and challenges, focusing on risk management and strategic planning to ensure long-term growth[31] - The company faces risks related to food safety, raw material price fluctuations, and financial management, with strategies in place to mitigate these risks[156] - The company is advancing digital transformation across various operational areas, including design, supply chain, production, marketing, and customer service[155] Corporate Governance and Management - The company has established a complete and independent organizational structure, distinct from the controlling shareholder, ensuring operational autonomy[163] - The total remuneration for the general manager during the reporting period was 720,000 yuan, while other executives received varying amounts, with the highest being 720,000 yuan[167] - The company held six board meetings in 2021, with key resolutions including the approval of the 2021 semi-annual report and the appointment of new executives[180] - The company’s financial management department is led by Liu Min, who has been in position since April 2019[171] - The company’s investment development department is managed by Wan Hui, who has been in position since December 2019[171] - The company’s financial manager, Cui Zhirui, was appointed in September 2021, indicating a recent change in financial oversight[171] - The company has continuously improved its internal control management system in accordance with the relevant requirements of the "Basic Norms for Enterprise Internal Control" and "Application Guidelines for Enterprise Internal Control"[198] Employee and Talent Development - The company reported a total of 3,242 employees, with 1,026 in the parent company and 2,216 in major subsidiaries[190] - The company’s employee training programs are designed to enhance work capabilities and support strategic development goals[193] - The company’s compensation policy is based on individual performance assessments[192] - The company has 37 R&D personnel, accounting for 1.08% of total employees, with no PhD researchers and 3 holding master's degrees[62] Future Outlook - Future guidance indicates a positive outlook with expectations of revenue growth driven by new product launches and market expansion strategies[170] - The company is committed to enhancing shareholder value through strategic initiatives and operational improvements[170] - Ongoing research and development efforts are aimed at introducing new technologies to meet consumer demands[170]

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,222,735,487.12, a decrease of 9.83% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥85,038,036.60, down 51.34% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 193.65% to ¥86,371,534.09 for the current period[3]. - The basic earnings per share for Q3 2021 was ¥0.05, a decline of 54.55% compared to the previous year[3]. - Total operating revenue for the first three quarters of 2021 was CNY 3,258,028,908.89, a decrease from CNY 3,883,308,249.10 in the same period of 2020[16]. - The company's net profit for the first three quarters of 2021 was not explicitly stated but indicated a significant decline compared to previous periods[16]. - In the first three quarters of 2021, the company's net profit was approximately ¥175.44 million, a decrease of 44.8% compared to ¥318.43 million in the same period of 2020[17]. - The total profit for the first three quarters of 2021 was approximately ¥240.61 million, down 41.5% from ¥412.39 million in the same period of 2020[17]. - Operating income for the first three quarters of 2021 was approximately ¥240.96 million, a decline of 38.7% compared to ¥392.89 million in the same period of 2020[17]. - The company reported a total comprehensive income of approximately ¥171.74 million for the first three quarters of 2021, down from ¥318.21 million in the same period of 2020[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,303,429,283.46, a decrease of 21.07% from the end of the previous year[3]. - The company's cash and cash equivalents as of September 30, 2021, were CNY 545,542,700.76, compared to CNY 2,227,487,965.91 at the end of 2020[9]. - Inventory as of September 30, 2021, was CNY 760,333,744.13, an increase from CNY 677,309,909.91 at the end of 2020[9]. - Total assets decreased to CNY 5,303,429,283.46 as of September 30, 2021, from CNY 6,719,134,045.72 at the end of 2020[12]. - Total liabilities decreased to CNY 2,265,867,993.93 as of September 30, 2021, from CNY 3,701,393,826.15 at the end of 2020[12]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥105,167,221.91, a decrease of 64.19% compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2021 was approximately ¥105.17 million, a decrease of 64.1% from ¥293.70 million in the same period of 2020[20]. - The company experienced a net cash outflow from investing activities of approximately ¥263.09 million in the first three quarters of 2021, compared to a net outflow of ¥245.31 million in the same period of 2020[21]. Shareholder Information - The company reported a total of 77,693 common shareholders at the end of the reporting period[8]. - The largest shareholder, Xuzhou Xingsheng Investment Holding Group Co., Ltd., holds 17.00% of the shares[8]. Operating Costs and Expenses - Total operating costs for the first three quarters of 2021 amounted to CNY 3,038,179,820.03, down from CNY 3,809,028,901.10 in 2020[16]. - The gross profit margin for the first three quarters of 2021 was approximately 6.8%, compared to 1.9% in the same period of 2020[16]. - The company incurred a total operating expense of approximately ¥3.72 billion in the first three quarters of 2021, down from ¥4.24 billion in the same period of 2020[20]. - Research and development expenses for the first three quarters of 2021 were CNY 5,631,196.07, compared to CNY 4,469,084.96 in the same period of 2020[16]. - The company reported a decrease in financial expenses to CNY 35,941,139.52 in the first three quarters of 2021, down from CNY 124,383,867.84 in 2020[16]. Fluctuations and Challenges - The company experienced significant fluctuations in net profit due to reduced government relocation income and equity transfer gains from the previous year[5].

Financial Performance - Total assets decreased by 16.99% to CNY 5,577,833,558.69 compared to the end of the previous year[10] - Operating revenue fell by 19.47% to CNY 2,035,293,421.77 year-on-year, primarily due to a reduction in revenue from Hubei Zhijiang Liquor Co., Ltd. and grain processing products[10] - Net profit attributable to shareholders decreased by 35.85% to CNY 90,802,848.53 compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 755.54% to CNY 80,692,380.10[10] - Cash flow from operating activities decreased by 51.87% to CNY 95,062,066.53 compared to the previous year[10] - The weighted average return on net assets decreased by 2.49 percentage points to 3.09%[10] Shareholder Changes - The company signed a share transfer agreement with Xuzhou Xinshi Investment Holding Group, transferring 215,688,000 shares at a price of CNY 4.26 per share, totaling CNY 918,830,880.00[13] - After the share transfer, Xuzhou Xinshi Investment Holding Group will hold 29.90% of the company's total shares, becoming the controlling shareholder[14] - The company has not yet received approval from the Jiangsu Provincial State-owned Assets Supervision and Administration Commission for the share transfer, introducing uncertainty regarding the completion of the transaction[14] - The number of shareholders at the end of the reporting period was 86,670[11]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,035,293,421.77, a decrease of 19.47% compared to CNY 2,527,270,745.58 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 90,802,848.53, down 35.85% from CNY 141,545,554.21 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 755.54% to CNY 80,692,380.10, compared to CNY 9,431,726.85 in the same period last year[18]. - The company's cash flow from operating activities was CNY 95,062,066.53, a decline of 51.87% from CNY 197,521,258.46 in the previous year[18]. - The total assets at the end of the reporting period were CNY 5,577,833,558.69, a decrease of 16.99% from CNY 6,719,134,045.72 at the end of the previous year[18]. - The basic earnings per share for the first half of 2021 were CNY 0.06, down 33.33% from CNY 0.09 in the same period last year[19]. - The company reported a significant decrease in revenue due to the exit of Hubei Zhijiang Liquor Co., Ltd. from the consolidation scope, resulting in a revenue reduction of CNY 167 million[19]. Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥95,062,066.53, a decline of 51.87% compared to the previous year[36]. - Total assets at the end of the reporting period were 556,000.00 million RMB, with cash and cash equivalents accounting for 16.23% of total assets, down 59.36% year-over-year[38]. - Inventory increased by 42.20% year-over-year to 96,313.99 million RMB, reflecting strategic procurement from the National Grain and Material Reserve Bureau[38]. - Short-term borrowings decreased by 36.54% year-over-year to 154,002.00 million RMB, indicating improved debt management[38]. - The company's cash and cash equivalents decreased from 2,227,487,965.91 RMB at the end of 2020 to 905,274,931.15 RMB by June 30, 2021[105]. - Accounts receivable decreased from 101,922,928.88 RMB to 82,072,407.15 RMB during the same period[105]. - Total current assets decreased from 3,735,911,894.13 RMB to 2,667,600,501.81 RMB[105]. Investments and Expansion - The company has invested 10,200,000 RMB in establishing a 51% stake in Jiangsu Fengwei Intelligent Packaging Technology Co., Ltd[41]. - The company plans to continue expanding its market presence and product offerings in the upcoming periods[46]. - The company has ongoing construction projects with a value of 1,605.51 million RMB, primarily for new household dairy production lines[38]. - The company invested over 5 million yuan in 2019 to upgrade wastewater treatment processes and facilities, including the addition of 2 sets of flotation systems and a 1,000m³ anaerobic pool[61]. Environmental Responsibility - The company's wastewater treatment plant has a daily processing capacity of 7,000 tons, meeting actual needs and utilizing anaerobic + dual-stage aerobic biological treatment technology[52]. - The company has replaced all coal-fired boilers with two 20-ton/hour and one 10-ton/hour gas boilers, achieving over 30% reduction in particulate matter, 80% reduction in sulfur dioxide, and 80% reduction in nitrogen oxides emissions[52]. - The company plans to purchase "environmental pollution liability insurance" in August 2021 to further fulfill its environmental responsibilities[57]. - The company has established an online monitoring system for wastewater and gas emissions, ensuring real-time data transmission to regulatory platforms for compliance monitoring[55]. - The company has continuously invested in pollution prevention and control measures, ensuring that all discharged pollutants meet regulatory standards[52]. Shareholder and Corporate Governance - The controlling shareholder, Wewei Group, has fully repaid the non-operating fund occupation interest amounting to CNY 2,692.29 million as of April 21, 2021[86]. - The total amount of guarantees provided by the company, excluding guarantees to subsidiaries, is CNY 5,000 million, which accounts for 2.07% of the company's net assets[91]. - Wewei Group signed a share transfer agreement with Xuzhou Xinsheng Investment Holding Group, transferring 215,688,000 shares, representing 12.90% of the total share capital, at a price of CNY 4.26 per share, totaling CNY 918,830,880[92]. - The company maintains a good integrity status during the reporting period[87]. - There were no changes in the controlling shareholder or actual controller during the reporting period[101]. Compliance and Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[138][140]. - The company is committed to maintaining compliance with relevant regulations and standards in its financial reporting practices[140]. - The company has no non-compliance issues or penalties reported for its directors, supervisors, or senior management[87]. - There were no new non-operating fund occupations reported during the reporting period[85]. Research and Development - Research and development expenses were slightly reduced to ¥3,750,492.28 from ¥3,953,235.09, indicating a decrease of 5.1%[113]. - The company recorded a credit impairment loss of ¥1.37 million in the first half of 2021, compared to a reversal of ¥79,075.84 in the same period last year[117].

维维食品饮料股份有限公司 2021 年第一季度报告 | 一、 | 重要提示 1 | | --- | --- | | 二、 | 公司基本情况 2 | | 三、 | 重要事项 4 | | 四、 | 附录 7 | 2021 年第一季度报告 公司代码：600300 公司简称：维维股份 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 2021 年第一季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 崔桂亮 | 董事 | 因个人原因 | 无 | 1.3 公司负责人林斌、主管会计工作负责人赵昌磊及会计机构负责人（会计主管人员）权超保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 1 / 22 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 2021 年第一季度报告 单位：元 币种：人民币 | 项目 | 本期 ...

Financial Performance - Net profit attributable to shareholders decreased by 30.41% to CNY 64,171,925.64 year-on-year[6] - Operating income increased by 0.83% to CNY 1,073,703,308.85 compared to the same period last year[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 60,957,540.27[6] - The weighted average return on equity decreased by 1.54 percentage points to 2.14%[6] - Investment income showed a loss of 2,121,547.88 compared to a gain of 873,812.87, marking a decline of 342.79% due to losses from the sale of trading financial assets[12] - The income tax expense decreased by 38.96% to 21,943,276.97 from 35,946,445.94, influenced by taxable profits from previous government demolition gains[12] - The fair value change income decreased by 48.37% to 843,090.00 from 1,633,060.00 due to changes in the fair value of trading financial assets[12] Cash Flow - Net cash flow from operating activities worsened by 305.96% to -CNY 285,834,899.30 compared to the previous year[6] - The net cash flow from operating activities was -285,834,899.30, a decrease of 305.96% from -70,409,311.57, attributed to grain auction activities[12] - The net cash flow from investing activities improved by 98.15% to -7,600,490.44 from -411,213,559.49, indicating a significant recovery[12] - The net cash flow from financing activities decreased by 231.05% to -519,620,947.23 from -156,961,667.55 due to reduced borrowings[12] Assets and Liabilities - Total assets decreased by 9.44% to CNY 6,084,880,421.90 compared to the end of the previous year[6] - Inventory increased by 40.73% to CNY 953,192,157.66 due to grain purchases[11] - Cash and cash equivalents decreased by 38.87% to CNY 1,361,752,510.32 due to procurement and debt repayment[11] - Contract liabilities decreased by 46.15% to 115,533,589.17 from 214,546,047.70 as a result of sales realization[12] - The company reported a significant decrease in other current liabilities by 53.98% to 14,487,266.03 from 31,480,574.57 due to sales realization[12] Shareholder Information - The number of shareholders reached 103,251 at the end of the reporting period[8] - The largest shareholder, Xuzhou Xinsong Investment Holding Group Co., Ltd., holds 17% of the shares[8] Construction and Financial Expenses - The construction in progress increased by 68.83% to 16,759,513.76 from 9,926,703.59 due to the new family milk production line[12] - Financial expenses decreased significantly by 71.93% to 13,122,699.40 from 46,756,491.60 due to reduced borrowings[12]