Financial Performance - The company's revenue for Q3 2022 reached ¥1,697,147,072.69, representing a year-on-year increase of 6.99%[4] - Net profit attributable to shareholders was ¥685,294,767.27, up 9.98% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥661,949,485.18, reflecting a 5.44% increase year-on-year[4] - Total operating revenue for the first three quarters of 2022 reached ¥3,770,769,765.27, an increase of 10.2% compared to ¥3,423,208,572.37 in the same period of 2021[21] - Net profit for Q3 2022 was ¥1,055,030,033.43, up from ¥1,000,396,389.25 in Q3 2021, reflecting a growth of 5.5%[22] - The company reported a total profit of ¥1,419,747,608.80 for Q3 2022, compared to ¥1,346,350,334.27 in Q3 2021, indicating a growth of 5.4%[22] - The total comprehensive income attributable to the parent company for Q3 2022 was ¥1,055,030,033.43, compared to ¥1,000,396,389.25 in Q3 2021, representing an increase of approximately 5.5%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,594,976,068.55, an increase of 11.95% from the previous year[5] - The total current assets as of September 30, 2022, amounted to ¥4,241,392,623.64, an increase from ¥4,186,841,856.69 in the previous year[18] - The total assets as of September 30, 2022, reached ¥6,594,976,068.55, compared to ¥5,890,987,308.25 at the end of 2021[18] - The company's non-current assets totaled ¥2,353,583,444.91, up from ¥1,704,145,451.56 in the previous year[18] - Total liabilities amounted to ¥3,303,766,923.77, compared to ¥3,259,287,531.83 in the previous year, indicating a year-over-year increase of 1.4%[20] - The company's total current liabilities were ¥3,277,341,881.06, slightly up from ¥3,233,046,201.73, indicating a year-over-year increase of 1.4%[19] - The company's total non-current liabilities were ¥26,425,042.71, compared to ¥26,241,330.10 in the previous year, reflecting a marginal increase of 0.7%[19] Shareholder Information - Shareholders' equity attributable to the parent company was ¥3,291,209,144.78, up 25.06% year-on-year[5] - The basic earnings per share for the reporting period was ¥1.4057, a 9.89% increase compared to the same period last year[5] - The total number of common shareholders at the end of the reporting period was 107,405[12] - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., holds 193,996,444 shares, accounting for 39.72% of total shares[12] - The second largest shareholder, GRAND METROPOLITAN INTERNATIONAL HOLDINGS LIMITED, holds 114,469,776 shares, representing 23.44%[12] - The company's total equity attributable to shareholders reached ¥3,291,209,144.78, a significant increase from ¥2,631,699,776.42 in the previous year, representing a growth of 25.1%[20] Research and Development - Research and development expenses increased by 407.13% due to higher investment in scientific research and innovation[11] - Research and development expenses for the first three quarters were ¥25,394,112.84, a substantial increase from ¥5,007,460.81 in the same period last year, marking a rise of 408.5%[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥1,108,881,892.65, down 23.25% compared to the previous year[5] - Net cash flow from operating activities for the first three quarters of 2022 was ¥1,108,881,892.65, down from ¥1,444,777,761.43 in the same period of 2021, indicating a decrease of approximately 23.2%[24] - Cash inflow from operating activities totaled ¥4,257,050,512.36 in the first three quarters of 2022, compared to ¥3,952,201,526.21 in the same period of 2021, marking an increase of about 7.7%[24] - Cash outflow from operating activities was ¥3,148,168,619.71 for the first three quarters of 2022, compared to ¥2,507,423,764.78 in the same period of 2021, representing an increase of approximately 25.6%[24] - The net cash flow from investing activities for the first three quarters of 2022 was -¥724,607,283.08, compared to -¥334,969,326.86 in the same period of 2021, indicating a larger outflow[25] - Cash and cash equivalents at the end of Q3 2022 amounted to ¥1,933,405,866.47, an increase from ¥1,872,284,341.53 at the end of Q3 2021[25] - The company reported cash outflows for financing activities totaling ¥336,084,910.03 in Q3 2022, compared to ¥564,834,209.72 in Q3 2021, showing a decrease of approximately 40.3%[25] - The company received cash from operating activities related to other business amounting to ¥105,919,085.66 in Q3 2022, compared to ¥39,729,759.21 in Q3 2021, reflecting a significant increase[24] Inventory and Receivables - The company's inventory as of September 30, 2022, was ¥2,210,171,424.81, slightly up from ¥2,197,072,719.36 in the previous year[18] - The accounts receivable increased to ¥8,263,146.00 from ¥7,461,016.89 year-over-year[18]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,414,968,711.47, representing a year-on-year increase of 14.10%[4] - The net profit attributable to shareholders for Q1 2022 was CNY 362,623,103.41, showing a decrease of 13.54% compared to the same period last year[4] - Total operating revenue for Q1 2022 was approximately ¥1.41 billion, an increase of 14.06% compared to ¥1.24 billion in Q1 2021[20] - Net profit for Q1 2022 was approximately ¥362.62 million, a decrease of 13.54% from ¥419.42 million in Q1 2021[22] - Total operating costs for Q1 2022 were approximately ¥936.38 million, up 34.54% from ¥695.83 million in Q1 2021[20] Cash Flow - The net cash flow from operating activities decreased by 35.66% to CNY 393,892,662.53[4] - Cash flow from operating activities for Q1 2022 was approximately ¥393.89 million, down from ¥612.23 million in Q1 2021[26] - The cash inflow from operating activities totaled approximately ¥1.42 billion in Q1 2022, slightly up from ¥1.38 billion in Q1 2021[26] - The net cash flow from financing activities was -$51,163,009.65[27] - The net increase in cash and cash equivalents was $26,597,557.36, compared to $521,243,418.46 in the previous period[27] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 6,123,552,649.90, an increase of 3.95% from the end of the previous year[5] - As of March 31, 2022, the total assets of the company amounted to RMB 6,123,552,649.90, an increase from RMB 5,890,987,308.25 as of December 31, 2021, reflecting a growth of approximately 3.95%[16] - The company's current assets totaled RMB 4,221,777,608.77, compared to RMB 4,186,841,856.69 in the previous year, indicating a slight increase of about 0.83%[17] - Total liabilities decreased to RMB 3,172,411,637.82 from RMB 3,259,287,531.83, marking a reduction of approximately 2.66%[18] - The company's total liabilities to total assets ratio improved slightly, indicating a stronger financial position[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 82,680[11] - The company's equity capital remained stable at RMB 488,369,548.00, unchanged from the previous period[18] Research and Development - Research and development expenses increased significantly by 1,142.77% due to product upgrades and innovation investments[10] - Research and development expenses increased significantly to approximately ¥7.32 million in Q1 2022, compared to ¥589,188.97 in Q1 2021[20] Accounts Receivable and Inventory - Accounts receivable increased by 97.95% primarily due to growth in export performance and an increase in receivables from customers[8] - Accounts receivable increased significantly to RMB 14,769,000.00 from RMB 7,461,016.89, representing an increase of approximately 97.5%[17] - The company's inventory stood at RMB 2,197,481,892.09, showing a marginal increase from RMB 2,197,072,719.36, which is a growth of about 0.02%[17] Other Financial Metrics - The weighted average return on equity decreased by 4.85 percentage points to 13.03%[5] - The company reported a significant increase in other receivables, which decreased to RMB 7,015,821.57 from RMB 9,680,557.04, a decline of approximately 27.5%[17] - The company recorded a significant increase in tax expenses, totaling approximately ¥122.46 million in Q1 2022, compared to ¥141.54 million in Q1 2021[22] - Sales expenses rose to approximately ¥410.30 million in Q1 2022, compared to ¥268.61 million in Q1 2021, reflecting a 52.67% increase[20] Strategic Focus - The company is focusing on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[15]

Financial Performance - The company achieved a net profit of CNY 1,199,075,865.55 for the year 2021, representing a 63.96% increase compared to CNY 731,325,826.89 in 2020[18]. - Total revenue for 2021 was CNY 4,631,861,645.41, a 54.10% increase from CNY 3,005,712,643.18 in 2020[18]. - The net cash flow from operating activities reached CNY 1,628,912,195.58, up 92.70% from CNY 845,323,777.47 in the previous year[18]. - The company's total assets increased by 34.91% to CNY 5,890,987,308.25 at the end of 2021, compared to CNY 4,366,764,633.84 at the end of 2020[18]. - The net assets attributable to shareholders rose to CNY 2,631,699,776.42, a 23.21% increase from CNY 2,135,986,370.10 in 2020[18]. - Basic earnings per share for 2021 were CNY 2.4540, reflecting a 63.91% increase from CNY 1.4972 in 2020[19]. - The return on equity (ROE) increased to 49.85% in 2021, up from 34.44% in 2020, indicating a significant improvement in profitability[19]. - The company achieved a revenue growth of 54% and a profit growth of 64% compared to the previous year[25]. - Operating profit for 2021 was ¥1,668,881,508.60, reflecting a 73% increase from the previous year[53]. - The company reported a total revenue of 1,240,091,577.34 RMB in Q1 2021[22]. Product Development and Innovation - The company launched a new generation of premium products, enhancing quality through innovative brewing techniques[27]. - The company is focusing on product upgrades to meet the increasing quality demands of consumers in the liquor market[26]. - The company has established a comprehensive R&D system, including centers for traditional techniques, safety analysis, and flavor design, to enhance product quality[43]. - The company has implemented a brand premiumization strategy, focusing on high-end and sub-high-end liquor products, aiming to become a leader in the strong aroma liquor segment[30]. - The company upgraded the packaging and product of its flagship "Tian Cang" series, increasing marketing investment to strengthen its high-end market positioning[31]. - The company has invested significantly in fixed assets, with cash payments increasing by 146.97% to ¥538,121,518.05[67]. - Research and development expenses surged to ¥20,482,036.40, a dramatic increase of 1,042.76% from ¥1,792,323.66 in the prior year[54]. - The company has established a dedicated high-end business team to expand high-end liquor consumer circles and enhance customer loyalty through tailored services[33]. Market Strategy and Expansion - The company is actively investing in the Chengdu market, enhancing brand recognition and sales performance through various promotional activities[38]. - The company is exploring live e-commerce models and expanding its online business through partnerships with leading platforms like Douyin[39]. - The company aims for a 15% growth in main business revenue and net profit for 2022, despite short-term challenges from the pandemic[92]. - The company plans to enhance product innovation and expand coverage to meet diverse consumer needs across different price segments[92]. - The company will focus on high-end branding strategies, including partnerships with sports and cultural events to boost brand recognition[92]. - The company intends to optimize its distribution system and enhance value chain management to improve customer satisfaction[93]. - The company is expanding long-term supply capacity and upgrading technology, with the Qionglai full industry chain base project expected to enhance production capacity significantly[94]. - The company is addressing macroeconomic uncertainties by broadening sales channels and enhancing team execution capabilities[95]. Corporate Governance and Compliance - The company did not engage in any non-operational fund occupation by controlling shareholders or related parties during the reporting period[5]. - There were no violations of decision-making procedures regarding external guarantees during the reporting period[6]. - The company maintains strict confidentiality and compliance with information disclosure regulations, ensuring timely and accurate reporting of significant events[100]. - The company actively engages with investors through various channels, including online platforms and investor meetings, to enhance communication and transparency[101]. - The company has established a transparent performance evaluation and incentive mechanism for its management team, ensuring alignment with market standards[99]. - The company has implemented a comprehensive insider information management system, with no reported insider trading incidents during the reporting period[104]. - The company has not faced any penalties from securities regulatory authorities in the past three years[116]. - The company has not encountered any significant accounting errors that would require correction or impact its financial statements[175]. Environmental Responsibility - The company has committed to enhancing its environmental responsibility through ongoing monitoring and improvements in pollution control technologies[166]. - The company effectively managed solid waste, with 6,114.12 tons of spent grains and 1,077.62 tons of sludge disposed of during the reporting period[152]. - The company’s environmental protection facilities operated well in 2021, ensuring all pollutants were discharged within the regulatory limits[154]. - The company has maintained compliance with environmental laws and regulations, with no administrative penalties received in 2021[165]. - The company has established a comprehensive environmental monitoring system, including air, water, and noise pollution metrics, to ensure compliance and improve environmental performance[165]. - The company signed a partnership agreement with Qumai Village in Sichuan Province to support poverty alleviation efforts, demonstrating a commitment to social responsibility[168]. Shareholder Information - The total share capital decreased from 488,435,598 shares to 488,369,548 shares due to the repurchase and cancellation of 66,050 restricted shares[188]. - The number of restricted shares with limited circulation decreased from 132,100 shares to 66,050 shares, reflecting a reduction of 66,050 shares[190]. - The total number of shareholders increased to 85,398 from 82,680 during the reporting period[191]. - The top shareholder, Sichuan Chengdu Shui Jing Fang Group Co., Ltd., holds 193,996,444 shares, representing 39.72% of the total shares[192]. - The second-largest shareholder, Grand Metropolitan International Holdings Limited, holds 114,469,776 shares, accounting for 23.44% of the total shares[192]. - The company has not issued any new securities during the reporting period[190]. - The actual controller of the company is Diageo Plc, which has a significant stake in the company[198]. - The company has no other significant shareholders with over 10% ownership besides the top two shareholders[200].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,586,301,972.34, representing a 38.93% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥623,103,158.80, up 56.27% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥627,792,701.02, reflecting a 58.09% increase compared to the previous year[4] - Basic earnings per share for the quarter were ¥1.2792, an increase of 56.71% year-on-year[5] - The weighted average return on equity rose to 28.19%, an increase of 4.84 percentage points from the previous year[5] - Total revenue for the first three quarters of 2021 reached ¥3,423,208,572.37, a significant increase of 75.7% compared to ¥1,945,954,088.95 in the same period of 2020[21] - The company reported a net profit of ¥1,263,971,075.64 for the first three quarters of 2021, compared to ¥849,610,043.99 in the same period of 2020, an increase of 48.8%[20] - The net profit for Q3 2021 was CNY 1,000,396,389.25, representing a 99.2% increase compared to CNY 501,818,992.18 in Q3 2020[22] - Operating profit for Q3 2021 reached CNY 1,380,171,368.27, up from CNY 656,457,593.40 in the same period last year, indicating a growth of 110.9%[22] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥1,444,777,761.43, showing a 91.29% increase compared to the same period last year[4] - Cash flow from operating activities for Q3 2021 was CNY 1,444,777,761.43, significantly higher than CNY 755,300,615.81 in Q3 2020, reflecting an increase of 91.1%[25] - Cash and cash equivalents as of September 30, 2021, amounted to ¥1,876,970,497.14, compared to ¥1,329,979,925.76 at the end of 2020, representing a growth of 41.0%[18] - Cash and cash equivalents at the beginning of the period were ¥1,325,334,616.68, compared to ¥1,242,610,516.70 at the same time last year, showing an increase of approximately 6.67%[26] - Cash and cash equivalents at the end of the period reached ¥1,872,284,341.53, up from ¥1,307,664,810.15, representing a growth of about 43.14%[26] - The total assets of the company reached ¥5,330,423,034.79, a 22.07% increase from the end of the previous year[5] - Total assets reached ¥5,330,423,034.79 as of Q3 2021, compared to ¥4,366,764,633.84 at the end of 2020, reflecting an increase of 22.1%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 60,692, with the top 10 shareholders holding significant stakes[10] - Sichuan Chengdu Shuijingfang Group Co., Ltd. is the largest shareholder, holding 193,996,444 shares, which represents 39.73% of the total shares[10] - GRAND METROPOLITAN INTERNATIONAL HOLDINGS LIMITED is the second-largest shareholder, holding 114,469,776 shares, accounting for 23.44%[10] - The company has repurchased a total of 992,400 shares, which is approximately 0.20% of the total share capital, with a total payment of 118,971,601.68 RMB (excluding transaction fees)[13] - The top 10 shareholders include various investment funds and individuals, with the largest fund holding 23,366,746 shares, or 4.79%[10] - The company has not disclosed any related party relationships among the top shareholders, except for the second-largest shareholder being associated with Diageo Plc[12] - The total number of shares held by the top 10 unrestricted shareholders is 360,000,000 shares, indicating a concentration of ownership[10] Expenses and Investments - Research and development expenses surged by 305.47%, indicating increased investment in innovation[9] - Research and development expenses for Q3 2021 amounted to CNY 5,007,460.81, compared to CNY 1,234,983.01 in Q3 2020, showing a substantial increase of 304.5%[22] - Sales expenses for Q3 2021 were CNY 789,427,730.71, up from CNY 495,301,714.30 in the same quarter last year, representing a rise of 59.5%[22] - The net cash flow from investment activities increased by 134.81%, primarily due to increased investment in the production project at the Qionglai full-industry base[9] Liabilities and Equity - Total liabilities as of September 30, 2021, were ¥2,899,758,159.39, up from ¥2,230,778,263.74 at the end of 2020, representing a rise of 30.0%[20] - The company's equity attributable to shareholders increased to ¥2,430,664,875.40 in Q3 2021 from ¥2,135,986,370.10 in 2020, showing a growth of 13.8%[20] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[19]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,836,906,600.03, representing a 128.44% increase compared to CNY 804,121,016.11 in the same period last year[14] - The net profit attributable to shareholders of the listed company reached CNY 377,293,230.45, a significant increase of 266.01% from CNY 103,083,915.64 in the previous year[14] - The net profit after deducting non-recurring gains and losses was CNY 390,004,855.91, up 304.93% from CNY 96,314,908.65 year-on-year[14] - The basic earnings per share for the first half of 2021 was CNY 0.7726, an increase of 266.16% compared to CNY 0.2110 in the same period last year[15] - The company reported a net cash flow from operating activities of CNY 278,092,698.61, compared to a negative cash flow of CNY -202,034,717.77 in the same period last year[14] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 4,760,759,013.85, reflecting a 9.02% increase from CNY 4,366,764,633.84 at the end of the previous year[14] - The net assets attributable to shareholders of the listed company were CNY 1,926,425,840.47, a decrease of 9.81% from CNY 2,135,986,370.10 at the end of the previous year[14] - Total liabilities were CNY 2,834,333,173.38, compared to CNY 2,230,778,263.74, indicating a growth of approximately 27%[89] - The company's equity attributable to shareholders decreased to CNY 1,926,425,840.47 from CNY 2,135,986,370.10, a decline of about 9.8%[89] Revenue and Cost Management - Operating costs increased to ¥283,900,410.99, reflecting a 100.35% rise from ¥141,699,391.61 due to the significant revenue growth[28] - Sales expenses rose to ¥583,271,328.39, a 98.37% increase from ¥294,028,550.23, primarily due to increased advertising and promotional investments[29] - Research and development expenses increased by 110.87% to ¥1,995,582.30, up from ¥946,363.29, indicating a focus on product design and innovation[29] Market Strategy and Growth - The company experienced significant revenue and profit growth compared to the previous year, driven by the recovery of the liquor industry post-COVID-19[24] - The company aims to become one of the leading high-end liquor brands, focusing on brand history and digital transformation strategies[24] - The company continues to strengthen its core market presence and seeks breakthroughs in e-commerce operations[24] - The liquor industry is witnessing a trend towards premiumization, with a growing demand for high-end products[21] Environmental and Social Responsibility - The company has a wastewater treatment facility designed to handle 320 m³/d, ensuring compliance with pollution discharge standards[48] - The company reported a total solid waste disposal of 3,666.89 tons, including general industrial solid waste and hazardous waste[47] - The company is actively involved in ecological protection and pollution prevention, as detailed in its environmental responsibility report[56] - The company engaged with local communities to support rural revitalization efforts, enhancing relationships with local villages[57] Corporate Governance - The company held an election for its board of directors and supervisory board on June 8, 2021, with multiple new appointments made[40] - The company has commitments from its actual controller and shareholders to ensure that any related transactions comply with applicable laws and regulations[60] - Diageo and its controlled affiliates will not establish competing businesses in China related to the company's liquor operations[61] Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[115] - The company recognizes revenue when control of the product is transferred to the customer, with sales to distributors confirmed upon delivery and acceptance[160] - The company assesses impairment for long-term assets, including fixed assets and intangible assets, at least annually or when there are indications of impairment[150] Shareholder Information - The company has 65,845 common stock shareholders as of the end of the reporting period[79] - The total number of shares held by Hong Kong Central Clearing Limited is 39,049,899 shares[80] - The company plans to repurchase and cancel 66,050 shares of restricted stock that did not meet the first unlocking conditions[78]

Financial Performance - Net profit attributable to shareholders rose by 119.66% to CNY 419,423,258.45 year-on-year[4] - Operating revenue grew by 70.17% to CNY 1,240,091,577.34 compared to the same period last year[4] - Basic earnings per share increased by 119.59% to CNY 0.8588 compared to the previous year[4] - Operating profit for Q1 2021 was ¥560,059,288.41, up from ¥263,267,195.86 in Q1 2020, representing a growth of 112%[35] - Net profit for Q1 2021 was ¥419,423,258.45, compared to ¥190,938,853.33 in Q1 2020, marking an increase of 120%[36] - The company reported a total comprehensive income of ¥419,423,258.45 for Q1 2021, compared to ¥190,938,853.33 in Q1 2020[36] Cash Flow - Net cash flow from operating activities surged by 653.75% to CNY 612,226,647.75 year-on-year[4] - Cash flow from operating activities for Q1 2021 was CNY 612,226,647.75, a substantial rise from CNY 81,223,967.49 in Q1 2020[42] - The total cash inflow from operating activities was CNY 1,380,477,985.29, compared to CNY 783,513,590.84 in the previous year, marking an increase of approximately 76%[42] - The company reported a net increase in cash and cash equivalents of CNY 521,243,418.46 for Q1 2021, compared to CNY 21,760,754.43 in Q1 2020[43] Assets and Liabilities - Total assets increased by 13.78% to CNY 4,968,479,514.38 compared to the end of the previous year[4] - The company's total liabilities decreased by 35.20% in accounts payable, from RMB 149,194,165.35 to RMB 96,672,039.10[12] - Total liabilities reached ¥2,412,740,081.88, compared to ¥2,230,778,263.74, marking an increase of around 8.2%[23] - Current liabilities totaled ¥2,398,197,628.90, up from ¥2,216,106,737.44, which is an increase of approximately 8.2%[21] - Shareholders' equity increased to ¥2,555,739,432.50 from ¥2,135,986,370.10, representing a growth of about 19.6%[25] Shareholder Information - The total number of shareholders reached 57,535 by the end of the reporting period[6] - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., holds 39.72% of the shares[7] Government Support and Non-Recurring Items - The company received CNY 17,157,519.41 in government subsidies related to industry support[5] - Non-recurring gains and losses totaled CNY 13,111,757.51 for the reporting period[5] Operating Costs and Expenses - The company experienced a 54.59% increase in operating costs, which rose to RMB 185,344,785.76 from RMB 119,894,813.05[13] - Operating costs for Q1 2021 were ¥695,826,417.59, an increase from ¥465,489,528.04 in Q1 2020, representing a rise of 49%[34] - Research and development expenses for Q1 2021 were ¥589,188.97, slightly down from ¥643,190.13 in Q1 2020[34] Investments and Other Financial Metrics - The company invested CNY 90,983,229.29 in fixed assets and other long-term assets during Q1 2021, compared to CNY 59,463,213.06 in Q1 2020[43] - The company reported a significant increase in other receivables, which rose by 37.14% to RMB 3,695,022.82 from RMB 2,694,270.62[12] - The construction in progress increased by 38.66%, amounting to RMB 318,393,482.97, up from RMB 229,624,907.69[12]

Financial Performance - The company reported a net profit of ¥731,325,826.89 for the year 2020, a decrease of 11.49% compared to ¥826,281,287.31 in 2019[15]. - Total revenue for 2020 was ¥3,005,712,643.18, down 15.06% from ¥3,538,694,869.46 in 2019[15]. - The basic earnings per share for 2020 was ¥1.4972, reflecting a decrease of 11.50% from ¥1.6917 in 2019[16]. - The net cash flow from operating activities for 2020 was ¥845,323,777.47, a slight decrease of 2.58% from ¥867,736,037.79 in 2019[15]. - Operating profit was ¥964,683,716.10, down 12.43% year-over-year[38]. - The company achieved operating revenue of ¥3,005,712,643.18, a decrease of 15.06% compared to 2019[38]. - The company reported a total revenue of CNY 5,836.39 million for the year, a year-on-year growth of 4.61%[55]. - The total profit for the year was CNY 1,585.41 million, representing a 13.35% increase year-on-year[55]. - The company reported a total of ¥1,495,266,037.79 in current liabilities for 2020, up from ¥908,571,997.33 in 2019, indicating a growth of approximately 64.5%[182]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥12.0 per 10 shares, totaling approximately ¥586,035,357.60 based on the adjusted share count[4]. - In 2020, the company distributed cash dividends of 586,035,357.60 RMB, which accounted for 80.13% of the net profit attributable to ordinary shareholders[80]. - The cash dividend per 10 shares was 12.00 RMB in 2020, down from 14.50 RMB in 2019[80]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for ordinary shareholders[80]. Assets and Liabilities - The total assets of the company increased by 10.66% to ¥4,366,764,633.84 at the end of 2020, compared to ¥3,945,981,465.69 at the end of 2019[15]. - Total liabilities increased to ¥2,230,778,263.74 in 2020, up from ¥1,833,987,931.86 in 2019, representing a growth of approximately 21.6%[179]. - Cash and cash equivalents at the end of the period were ¥1,329,979,925.76, representing 30.46% of total assets[50]. - Inventory increased by 23.64% to ¥1,879,399,298.64, accounting for 43.04% of total assets[50]. - Accounts payable rose by 46.35% to CNY 481,554,266.27, attributed to increased procurement of raw materials[51]. Operational Efficiency and Strategy - The company is focusing on high-quality production processes, utilizing traditional fermentation methods and strict quality control measures[23]. - The new sales model allows the company to manage sales front-end while partners handle logistics and order processing, enhancing operational efficiency[24]. - The company is investing in digital transformation to enhance customer and consumer management systems, adapting to changing market dynamics[25]. - The company focused on expanding its distribution network and optimizing product structure, leading to improved market competitiveness[35]. - E-commerce channels were expanded, with a focus on enhancing platform operations and member engagement[35]. Market Trends and Consumer Behavior - The white liquor industry is experiencing a shift towards high-quality growth, with increased consumer demand for premium products amid the pandemic[25]. - The company experienced a significant impact on sales due to the COVID-19 pandemic, leading to a double-digit decline in overall performance for the year[32]. - In the second half of the year, the company saw a recovery with revenue and profit achieving double-digit growth year-on-year[32]. - The company aims to enhance its market position by focusing on high-end products and improving customer experience[73]. Environmental and Social Responsibility - The company is committed to environmental protection and has maintained compliance with pollution discharge standards, with no incidents of environmental violations[34]. - The company has implemented a high-pressure pulse electrostatic bag dust removal system to manage dust emissions in the grain crushing workshop[108]. - The company has invested RMB 82.51 million in poverty alleviation efforts, helping 9 registered impoverished individuals to escape poverty[99]. - The company donated RMB 9 million to support epidemic prevention efforts in Wuhan[103]. Governance and Compliance - The company has established a long-term mechanism to prevent the controlling shareholder from occupying company funds and harming the interests of the listed company[151]. - The company emphasizes social responsibility and maintains communication with stakeholders, including banks, creditors, employees, consumers, suppliers, and communities[154]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate disclosure of significant events[154]. - The company has engaged PwC as its domestic accounting firm, with an audit fee of 1.15 million RMB for the year[84]. Future Outlook and Growth Plans - The company aims for a 43% increase in main business revenue and a 35% increase in net profit for 2021, excluding potential impacts from the ongoing negotiations regarding the sauce liquor project[76]. - The company plans to optimize its sales visit coverage standards and enhance its business team efficiency to accelerate growth in core markets[76]. - The company is exploring potential mergers and acquisitions to strengthen its market position[135]. - The company plans to enhance its digital marketing efforts, allocating 50 million RMB to increase brand awareness and customer engagement[137].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 501,818,992.18, a decrease of 21.49% year-on-year[5]. - Operating revenue for the period was CNY 1,945,954,088.95, reflecting a decline of 26.58% compared to the same period last year[5]. - Basic earnings per share were CNY 1.0273, down 21.50% from the previous year[7]. - The net profit after deducting non-recurring gains and losses was CNY 493,422,302.36, a decrease of 20.11% year-on-year[5]. - Total revenue for Q3 2020 reached ¥1,141,833,072.84, an increase of 18.8% compared to ¥960,674,440.78 in Q3 2019[27]. - Net profit for Q3 2020 was ¥398,735,076.54, up 33.1% from ¥299,608,915.66 in Q3 2019[30]. - Total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥398.74 million, compared to ¥299.61 million in Q3 2019, an increase of 33.1%[32]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,127,688,947.55, an increase of 4.60% compared to the end of the previous year[5]. - Total liabilities reached CNY 2,220,348,077.07, up from CNY 1,833,987,931.86, which is an increase of approximately 21.1%[22]. - Current liabilities increased significantly to CNY 2,215,347,477.45 from CNY 1,810,430,271.36, marking a rise of about 22.4%[22]. - Shareholders' equity decreased to CNY 1,907,340,870.48 from CNY 2,111,993,533.83, representing a decline of about 9.6%[23]. - Total assets decreased to ¥2,649,805,560.78 from ¥2,930,639,751.03, reflecting a decline of 9.6% year-over-year[26]. - Total liabilities increased to ¥1,299,834,659.15, compared to ¥929,593,114.41, marking a rise of 39.8%[26]. Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 755,300,615.81, an increase of 5.01% year-on-year[5]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥2.39 billion, down from ¥3.00 billion in the same period of 2019, a decline of 20.5%[36]. - Total cash inflow from operating activities was CNY 2,429,188,471.51, down from CNY 3,047,008,469.04 in the previous year, indicating a decrease of about 20.3%[37]. - Cash outflow from operating activities totaled CNY 1,673,887,855.70, compared to CNY 2,327,761,476.78 in Q3 2019, representing a reduction of approximately 28.1%[37]. - The net cash flow from investment activities was negative at CNY -142,658,166.70, slightly worse than CNY -141,361,846.53 in the same period last year[37]. - The net cash flow from financing activities was CNY -547,588,155.66, compared to CNY -429,669,533.57 in Q3 2019, reflecting a worsening of about 27.5%[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 42,860[10]. - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., held 39.71% of the shares[10]. Operational Efficiency - The company reported a significant reduction in operating costs, which fell by 30.78% to RMB 321,021,161.98 compared to RMB 463,793,392.92 in the same period last year[16]. - Sales expenses decreased by 34.93% to RMB 495,301,714.30 from RMB 761,156,070.83 year-over-year[16]. - The company experienced a 514.49% increase in non-operating expenses, which rose to RMB 9,010,985.94 from RMB 1,466,419.25[16]. Investments and Projects - The construction in progress increased by 142.06% to RMB 198,397,803.96 from RMB 81,963,879.57, indicating significant investment in new projects[15]. - The company has reclassified advance receipts to contract liabilities, resulting in a new contract liability of RMB 713,224,485.39[15]. Tax and Other Financial Metrics - The company’s deferred income tax assets increased by 36.04% to RMB 198,099,297.86 from RMB 145,615,292.26, indicating a positive outlook on future tax benefits[15]. - The company reported tax expenses of ¥132,755,852.03 for Q3 2020, compared to ¥99,401,585.11 in Q3 2019, indicating a higher tax burden due to increased profits[30].

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 804.12 million, a decrease of 52.41% compared to RMB 1.69 billion in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was RMB 103.08 million, down 69.64% from RMB 339.59 million in the previous year[17]. - The net cash flow from operating activities was negative RMB 202.03 million, a decline of 140.06% compared to RMB 504.35 million in the same period last year[17]. - The total assets at the end of the reporting period were RMB 3.86 billion, a decrease of 2.30% from RMB 3.95 billion at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 28.60% to RMB 1.51 billion from RMB 2.11 billion at the end of the previous year[17]. - Basic earnings per share for the first half of 2020 were RMB 0.2110, down 69.64% from RMB 0.6951 in the same period last year[18]. - The weighted average return on net assets was 4.76%, a decrease of 12.00 percentage points from 16.76% in the previous year[18]. - The company's revenue for the reporting period was ¥804,121,016.11, a decrease of 52.41% compared to ¥1,689,849,608.12 in the same period last year[40]. - Operating costs decreased by 52.86% to ¥141,699,391.61 from ¥300,603,924.51 due to reduced sales volume[40]. - Sales expenses were reduced by 45.62% to ¥294,028,550.23 from ¥540,704,970.09 as a result of strategic adjustments in response to market conditions[40]. Market Challenges and Strategies - The company faced significant challenges in the first half of 2020 due to the COVID-19 pandemic, leading to a sharp decline in sales and profits, with a focus on inventory digestion in the market[30]. - The company implemented a "four strategies" approach: simplification, refinement, digitalization, and regionalization, to navigate the challenges and enhance brand recognition and reputation[30]. - The company adopted various marketing measures to stabilize the market, including adjusting distributor assessment methods and launching pre-sale policies for banquets to promote sales recovery[31]. - Digital strategies were emphasized, with initiatives such as digital banquet marketing and online activities to boost store sales during the pandemic[32]. - The company focused on emerging channels and consumer engagement through e-commerce platforms, enhancing brand-consumer interaction and maintaining competitive inventory levels[32]. - The company strengthened its sales team through training programs and employee care policies, aiming to improve overall team performance[33]. - The company launched marketing campaigns to enhance brand awareness, including the promotion of the "Jingtai" star product and collaborations with high-end restaurants[34]. - The company deepened its core market presence through targeted media investments and partnerships with local celebrities to resonate with consumers[34]. Financial Position and Liabilities - The total liabilities increased by 5.71% to CNY 2,347,415,300.88 compared to CNY 2,220,635,958.24 in the previous year[42]. - Contract liabilities amounted to CNY 504,294,127.25, representing 13.08% of total liabilities[42]. - The company's accounts payable increased by 50.30% to CNY 839,925,972.50 from CNY 558,825,464.92[42]. - The cash and cash equivalents at the end of the period were ¥941,717,831.64, a decrease of 37.42% from ¥1,504,754,532.74 in the previous year[41]. - Inventory increased by 24.57% to ¥1,773,235,762.60 from ¥1,423,453,668.12, indicating a strategic stockpiling approach[41]. Corporate Governance and Compliance - The company has committed to ensuring that any related transactions with Diageo Group comply with applicable laws and regulations, and will disclose such transactions in a timely manner[48]. - Diageo and its affiliates will not establish any competing businesses in China that directly or indirectly engage in the liquor business with the company[49]. - The company has retained PwC Zhongtian as its auditing firm for one year, marking the fifth consecutive year of service[51]. - There were no significant lawsuits or arbitration matters during the reporting period[52]. - The integrity status of the company and its controlling shareholders remained good in significant aspects during the reporting period[52]. Environmental Responsibility - The company disposed of 3,300 tons of general industrial solid waste and 580.51 tons of sludge in the first half of 2020[62]. - The company has established an emergency response plan for environmental incidents, which is updated every three years[67]. - The company’s pollution control facilities operated normally in the first half of 2020, with all monitored pollutants meeting the discharge standards[65]. - The company has a valid wastewater discharge permit valid until April 2024, issued by the Chengdu Water Authority[66]. - The company conducted regular monitoring of emissions, with results showing compliance with environmental standards[69]. - Sichuan Water Well Group Co., Ltd. strictly complied with environmental laws and regulations, with all wastewater, waste gas, and noise emissions meeting national and local standards during the first half of 2020[70]. Social Responsibility - The company donated RMB 9 million to Wuhan for purchasing epidemic prevention materials during the reporting period[73]. - In the first half of 2020, the company leveraged internet platforms for "live streaming sales" to promote local agricultural products, addressing sales difficulties in poverty-stricken areas[60]. - The company plans to assist three targeted villages by promoting their specialty products, such as ginseng fruit and white fungus, to a broader consumer base[60]. - The company is committed to transitioning from material poverty alleviation to industrial poverty alleviation, fulfilling its corporate social responsibility[60]. Shareholder Information - The company reported a total of 33,106 common stock shareholders by the end of the reporting period[77]. - The largest shareholder, Sichuan Chengdu Water Well Group Co., Ltd., held 193,996,444 shares, accounting for 39.71% of total shares[79]. - The second largest shareholder, GRAND METROPOLITAN INTERNATIONAL HOLDINGS LIMITED, held 114,469,776 shares, representing 23.43% of total shares[79]. - The company has not reported any changes in major shareholders or strategic investors during this period[83]. - There were no new equity incentives granted to directors, supervisors, or senior management during the reporting period[85]. Accounting and Financial Reporting - The financial statements were prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of the company's financial status[138]. - The company has a history of profitable operations and sufficient financial resources to support ongoing business activities[136]. - The reporting period for the company runs from January 1 to December 31 each year[139]. - The company’s accounting currency is Renminbi (CNY), and all financial statements are presented in this currency[141]. - The company categorizes financial assets into three types: those measured at amortized cost, those measured at fair value with changes recognized in other comprehensive income, and those measured at fair value with changes recognized in profit or loss[146].