证券代码:603919 证券简称:金徽酒 公告编号:临 2023-024 金徽酒股份有限公司 本次闲置募集资金暂时补充流动资金的金额：不超过人民币 15,000.00 万 元。 本次闲置募集资金暂时补充流动资金的期限：自公司第四届董事会第十一 次会议审议通过之日起 12 个月，到期后及时、足额归还至募集资金专用账户。 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〕2001 号文核准，2019 年 5 月 24 日，金徽酒股份有限公司（以下简称"公司"）向 5 名对象非公开发行人民币普通 股 26,199,998 股，募集资金总额 36,680.00 万元，扣除发行费用 660.11 万元（含税） 后，募集资金净额 36,019.88 万元。 2019 年 6 月 9 日，公司分别与国泰君安证券股份有限公司、甘肃银行股份有 限公司徽县支行、兰州银行股份有限公司陇南支行、浙商银行天水分行签订了《募 集资金三方监管协议》，对非公开发行股票募集资金专户存管。 2020 年 8 月 29 日，因非公开发行股票"陇南春车间技术改造项目""补充流 动资金项目"结项，公司注销了"陇南春车间技术改造项目"" ...

证券代码：603919 证券简称：金徽酒 公告编号：临 2023-020 重要内容提示： 会议召开时间：2023 年 8 月 22 日(星期二)下午 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 8 月 15 日(星期二)至 8 月 21 日(星期一)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 （jhj@jinhuijiu.com）进行提问。公司将在 2023 年半年度业绩说明会（以下简称"业 绩说明会"）上就投资者普遍关注的问题进行回答。 金徽酒股份有限公司（以下简称"公司"）将于 2023 年 8 月 19 日在上海证 券交易所网站（www.sse.com.cn）披露《金徽酒股份有限公司 2023 年半年度报告》， 为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公 司计划于 2023 年 8 月 ...

2023 年 8 月 11 日 金徽酒股份有限公司（以下简称"公司"）于 2022 年 8 月 19 日召开第四届董事会 第六次会议、第四届监事会第六次会议，审议通过《关于审议金徽酒股份有限公司使用 非公开发行股票闲置募集资金暂时补充流动资金的议案》，同意公司使用 2019 年度非公 开发行股票募集资金中不超过 17,000.00 万元的闲置募集资金暂时补充流动资金，使用 期限不超过 12 个月，到期后及时、足额将该部分资金归还至募集资金专户。具体内容 详见公司于 2022 年 8 月 20 日刊登在上海证券交易所网站（www.sse.com.cn）和《上海 证券报》《中国证券报》《证券日报》《证券时报》的《金徽酒股份有限公司关于使用 非公开发行股票闲置募集资金暂时补充流动资金的公告》（公告编号：临 2022-034）。 2022 年 12 月 22 日，公司将用于暂时补充流动资金的 2,000.00 万元募集资金提前归 还至募集资金专用账户，并将募集资金的归还情况通知公司非公开发行股票保荐机构及 保荐代表人。具体内容详见公司于 2022 年 12 月 23 日刊登在上海证券交易所网站 （www.sse.co ...

重要内容提示： 截至本公告披露日，金徽酒股份有限公司（以下简称"公司"）控股股东 甘肃亚特投资集团有限公司（以下简称"亚特集团"）持有公司股份 109,401,487 股，占公司总股本的 21.57%。本次股份质押后，亚特集团累计质押公司股份 88,723,000 股，占其持有公司股份总数的 81.10%，占公司总股本的 17.49%。 公司控股股东亚特集团及其一致行动人陇南科立特投资管理中心(有限合 伙)（以下简称"陇南科立特"）合计持有公司股份 134,764,487 股，占公司总股本 的 26.57%；本次股份质押后，亚特集团及其一致行动人累计质押公司股份 88,723,000 股，占亚特集团及其一致行动人持有公司股份总数的 65.84%，占公司 总股本的 17.49%。 公司于 2023 年 8 月 9 日收到亚特集团通知，亚特集团将其持有的 25,363,000 股公司股份质押给兴业银行股份有限公司兰州分行（以下简称"兴业银行"），并 办理了相关手续。现将具体情况公告如下： 一、本次股份质押情况 证券代码:603919 证券简称:金徽酒 公告编号:临 2023-018 金徽酒股份有限公司 关于控股股 ...

证券代码：603919 证券简称：金徽酒 公告编号：临 2023-015 金徽酒股份有限公司 关于召开 2022 年度暨 2023 年第一季度 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：2023 年 06 月 01 日（星期四）下午 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 25 日(星期四)至 05 月 31 日(星期三)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 （jhj@jinhuijiu.com）进行提问。公司将在 2022 年度暨 2023 年第一季度业绩说明 会（以下简称"业绩说明会"）上就投资者普遍关注的问题进行回答。 金徽酒股份有限公司（以下简称"公司"）已分别于 2023 年 3 月 23 日在上 海证 ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥893,255,321.04, representing a year-on-year increase of 26.61%[6] - The net profit attributable to shareholders was ¥181,808,188.72, reflecting a growth of 10.41% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥181,204,455.81, an increase of 11.16% year-on-year[6] - Basic earnings per share were ¥0.36, up by 12.50% from the same period last year[6] - Operating profit for Q1 2023 was ¥220,986,136.73, slightly up from ¥207,514,141.79 in Q1 2022, reflecting a growth of 6.5%[22] - Net profit for Q1 2023 was ¥181,158,316.06, compared to ¥164,609,978.59 in Q1 2022, marking an increase of 10.0%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,226,684,453.98, an increase of 3.20% from the end of the previous year[6] - Total liabilities decreased to ¥891,828,563.23 as of March 31, 2023, down from ¥944,417,284.32 at the end of 2022, a reduction of 5.6%[17] - Cash and cash equivalents increased to ¥1,031,433,375.80 from ¥810,134,671.99, representing a growth of 27.3%[15] - Inventory decreased to ¥1,442,623,851.93 from ¥1,512,415,467.54, a decline of 4.6%[15] - Total cash and cash equivalents at the end of Q1 2023 amounted to approximately $1.03 billion, compared to $920.68 million at the end of Q1 2022, reflecting an increase of about 12.24%[28] Cash Flow - The net cash flow from operating activities was ¥234,028,760.96, showing a decrease of 12.92% compared to the previous year[6] - The net cash flow from operating activities in Q1 2023 was approximately $234.03 million, a decrease of about 12.87% compared to $268.74 million in Q1 2022[27] - The total cash inflow from operating activities in Q1 2023 was approximately $946.18 million, an increase of about 10.54% from $856.11 million in Q1 2022[27] - The cash flow from other operating activities in Q1 2023 was approximately $15.60 million, compared to $10.29 million in Q1 2022, marking an increase of about 51.56%[27] - The net increase in cash and cash equivalents for Q1 2023 was approximately $225.78 million, down from $254.41 million in Q1 2022, reflecting a decrease of about 11.29%[28] Government Support and Costs - The company received government subsidies amounting to ¥881,166.67 during the reporting period[6] - The company attributed the revenue growth to optimized marketing strategies and expanded market presence[8] - The increase in net profit was lower than revenue growth due to higher advertising and raw material costs[8] Research and Development - Research and development expenses for Q1 2023 were ¥11,779,800.67, up from ¥8,167,819.67 in Q1 2022, reflecting a growth of 44.5%[22] Contract Liabilities - The company reported a decrease in contract liabilities to ¥427,277,525.54 from ¥509,820,434.43, a decline of 16.2%[16]

Corporate Governance - The company held 4 meetings of the audit committee during the reporting period[1] - The company held 3 meetings of the nomination committee during the reporting period[2] - The company has no significant deficiencies in internal control during the reporting period[10] - The company has disclosed its internal control audit report[30] - The company’s governance structure is responsible for overseeing the financial reporting process, ensuring compliance and accuracy[73] - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2022[85] - The company has not experienced any changes in actual controlling shareholder status during the reporting period[77] - The company has not reported any changes in the actual controller or major shareholder pledges exceeding 80% of their holdings[79] Financial Performance - The company achieved a revenue of 2,011.73 million RMB in 2022, representing a growth of 12.49% compared to the previous year[42] - The company achieved a net profit of RMB 407,948,116.22 for the year 2022, with a proposed cash dividend of RMB 3.00 per share, totaling RMB 152,177,999.10, which represents 54.50% of the net profit attributable to shareholders[110] - The company's operating revenue for 2022 was approximately ¥2.01 billion, an increase of 12.49% compared to ¥1.79 billion in 2021[118] - The net profit attributable to shareholders for 2022 was approximately ¥280 million, a decrease of 13.73% from ¥324 million in 2021[118] - The net cash flow from operating activities for 2022 was approximately ¥319 million, reflecting a 14.32% increase from ¥279 million in 2021[118] - The total assets at the end of 2022 were approximately ¥4.10 billion, an increase of 8.54% compared to ¥3.77 billion at the end of 2021[118] - The net assets attributable to shareholders at the end of 2022 were approximately ¥3.15 billion, a 5.66% increase from ¥2.98 billion at the end of 2021[118] - The basic earnings per share for 2022 were ¥0.55, down 14.06% from ¥0.64 in 2021[133] - The weighted average return on equity for 2022 was 9.17%, a decrease of 2.15 percentage points from 11.32% in 2021[133] Related Party Transactions - The total amount of related party transactions reached 32,084.77 million RMB, accounting for 1.62% of similar transactions[23] - The company reported a significant related party transaction with Qinghai Jinhui Wine Sales Co., amounting to 3,016.99 million RMB, which is 15.23% of the total related party transactions[23] - The company engaged in related party transactions, with sales of liquor products to Gansu Jinwei Modern Agriculture Development Co., Ltd. amounting to 136.03 million RMB, representing 68.66% of similar transactions[63] - The total rental fee for leasing office space from Gansu Century Jinwei Real Estate Development Co., Ltd. over a 5-year period is 22.19 million RMB, classified as a related party transaction[64] - The company has established a rental agreement with Shanghai Yunen Property Management Co., Ltd. for 104,463 RMB over a 12-month period, also a related party transaction[55] - The company’s related party transactions with significant shareholders amounted to 2,372.46 million RMB, representing 11.97% of similar transactions[63] Environmental and Social Responsibility - The company implemented carbon reduction measures, achieving a reduction of 1,997 tons of CO2 equivalent emissions[18] - Total investment in public welfare projects amounted to CNY 10.74 million, benefiting 6,970 people[18] - The company invested CNY 1.82 million in poverty alleviation and rural revitalization projects, benefiting 4,165 people[18] - The company has upgraded environmental protection facilities and eliminated high carbon-emission equipment[18] - The company has implemented online monitoring for wastewater treatment, ensuring compliance with discharge standards[14] Shareholder Information - The company has a total share capital of 507,259,997 shares, with 96.86% being unrestricted circulating shares[36] - The largest shareholder, Shanghai Yuyuan Tourist Mart (Group) Co., Ltd., holds 126,814,900 shares, representing 25.00% of the total share capital[91] - Gansu Yate Investment Group Co., Ltd. increased its holdings by 40,580,800 shares, now owning 109,401,487 shares, which is 21.57% of the total[93] - The top ten shareholders include Gansu Yate Investment Group and Lintong Zhonghui Investment Management Center, with significant share pledges totaling 63,360,000 shares[93] - The total number of ordinary shareholders as of the end of the reporting period is 81,190, an increase from 62,770 in the previous month[91] Internal Control and Audit - The company confirmed that the revenue recognition process is a key audit matter due to the inherent risk of inappropriate revenue recognition[42] - The audit identified the measurement of inventory as a key audit matter due to its high book value and significant proportion of total assets[68] - The company reported a significant internal control deficiency identified during the audit process, which requires attention[48] - The company has implemented inventory monitoring procedures to ensure the accuracy of financial reporting[86] - The company’s revenue recognition procedures were evaluated, focusing on the effectiveness of internal controls related to sales and collections[71] Business Strategy and Market Expansion - The company attributed the increase in operating revenue to optimized marketing strategies and expanded market regions[120] - The decrease in net profit was primarily due to increased sales expenses and rising costs of raw materials[120] - The company plans to continue enhancing brand influence and optimizing product structure to drive future growth[120] - The company is focusing on "brand leadership + channel activation" as a dual-driven strategy, enhancing customer operations through various themed activities[157] - The company is expanding its market presence, actively targeting the East China and Northern markets, and leveraging online platforms to build a nationwide brand[169] - The company has established new sales companies to drive market penetration and enhance brand recognition[141] - The company is focusing on brand-led deep operations in the Gansu market and expanding into surrounding regions, including Shaanxi and Ningxia[141] Research and Development - The company has increased its R&D expenses due to a rise in project activities compared to the previous year[179] - The company has a strong R&D team, including national-level wine judges, and collaborates with universities and research institutes for product development[162] - The company has developed a unique "solid-state brewing IoT monitoring system," which is the first of its kind in the domestic white liquor production industry, and has received a national invention patent[194] - R&D expenses for the current period amounted to approximately ¥50.23 million, reflecting a 6.93% increase from ¥46.97 million in the previous year[198] - The company has established a comprehensive R&D system focused on improving product quality and food safety control levels[195]

Financial Performance - The company's operating revenue for the third quarter was ¥335,513,193.64, a decrease of 9.12% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥1,851,247.54, down 96.68% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,457,066.22, a decrease of 84.50% compared to the previous year[5]. - The basic earnings per share for the quarter was ¥0.004, reflecting a decline of 96.68% year-on-year[5]. - The diluted earnings per share was ¥0.015, down 86.64% compared to the same period last year[5]. - Total comprehensive income for the first three quarters of 2022 was CNY 213,550,454.10, down from CNY 243,084,119.54 in the same period of 2021, representing a decrease of approximately 12.2%[29]. - Basic earnings per share for the first three quarters of 2022 was CNY 0.42, compared to CNY 0.48 in 2021, reflecting a decline of 12.5%[29]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was CNY 213,716,188.28, a decrease of 12.1% compared to CNY 243,084,119.54 in the first three quarters of 2021[27]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,807,722,168.76, an increase of 0.91% from the end of the previous year[5]. - As of September 30, 2022, total assets amounted to CNY 3,807,722,168.76, an increase from CNY 3,773,309,110.56 as of December 31, 2021, reflecting a growth of approximately 0.91%[21]. - The company's total liabilities decreased to CNY 724,084,973.54 as of September 30, 2022, down from CNY 791,625,170.10 at the end of 2021, indicating a reduction of approximately 8.5%[23]. - The total equity attributable to shareholders of the parent company increased to CNY 3,083,476,829.34 as of September 30, 2022, compared to CNY 2,981,357,840.40 at the end of 2021, reflecting a growth of about 3.4%[25]. - The company reported a decrease in contract liabilities to CNY 276,207,452.29 as of September 30, 2022, down from CNY 358,296,655.12 at the end of 2021, indicating a reduction of approximately 22.9%[23]. Cash Flow - The company reported a significant increase of 148.31% in net cash flow from operating activities year-to-date, primarily due to increased sales receipts[5]. - Net cash flow from operating activities for the first three quarters of 2022 was CNY 36,716,120.38, a significant improvement from a net outflow of CNY 76,007,190.45 in the same period of 2021[32]. - Cash inflow from operating activities totaled CNY 1,691,709,230.14, slightly up from CNY 1,630,280,259.39 in 2021, indicating a growth of about 3.7%[30]. - Cash outflow from operating activities decreased to CNY 1,654,993,109.76 in 2022 from CNY 1,706,287,449.84 in 2021, a reduction of approximately 3.0%[32]. - Cash and cash equivalents at the end of the first three quarters of 2022 stood at CNY 611,366,118.30, compared to CNY 424,384,037.18 at the end of the same period in 2021, marking an increase of about 44.0%[34]. - The company's cash and cash equivalents decreased to CNY 611,366,118.30 as of September 30, 2022, from CNY 666,677,703.53 at the end of 2021, a decline of approximately 8.3%[19]. - Total cash inflow from financing activities was CNY 57,056,737.58, down from CNY 130,000,000.00 in 2021, a decrease of approximately 56.1%[32]. - Net cash flow from financing activities for the first three quarters of 2022 was negative CNY 54,540,461.76, compared to negative CNY 32,411,971.29 in 2021, indicating a worsening of cash flow[34]. Operational Challenges and Investments - The company faced challenges in sales due to repeated COVID-19 outbreaks in Gansu and Shaanxi, impacting revenue[8]. - Research and development expenses increased by 40.22% year-to-date, attributed to the addition of five new R&D projects[8]. - Research and development expenses for the first three quarters of 2022 were CNY 41,556,276.87, up from CNY 29,636,106.28 in the same period of 2021, marking an increase of 40.1%[25]. - The company plans to enhance market expansion efforts despite the current challenges, focusing on increasing operational efficiency[8]. - The company's operating costs for the first three quarters of 2022 were CNY 1,291,585,156.77, which is an increase of 24.0% from CNY 1,040,822,717.44 in the same period of 2021[25]. - Inventory as of September 30, 2022, was CNY 1,455,914,704.50, an increase of 9.7% from CNY 1,326,965,262.00 at the end of 2021[21]. - The company paid CNY 434,854,517.96 in taxes during the first three quarters of 2022, an increase from CNY 412,072,870.79 in 2021, representing a rise of approximately 5.5%[32].

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,225,764,795.52, representing a 26.13% increase compared to ¥971,865,008.55 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥211,864,940.74, up 13.06% from ¥187,393,420.43 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥208,406,064.07, reflecting an 11.78% increase from ¥186,441,330.60 in the same period last year[24]. - The net cash flow from operating activities was ¥173,539,345.81, a significant increase of 103.95% compared to ¥85,087,927.14 in the previous year[24]. - Basic earnings per share for the reporting period (1-6 months) increased to 0.42 CNY, up 13.51% from 0.37 CNY in the same period last year[25]. - The weighted average return on equity rose to 6.90%, an increase of 0.33 percentage points from 6.57% in the same period last year[25]. - The company achieved revenue of 1.226 billion yuan, a year-on-year increase of 26.13%[53]. - The net profit attributable to shareholders was 212 million yuan, reflecting a year-on-year growth of 13.06%[53]. - Sales revenue of products priced above 100 yuan increased by 30.50%, accounting for 62.32% of total sales[53]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥3,081,625,581.80, a 3.36% increase from ¥2,981,357,840.40 at the end of the previous year[24]. - The total assets of the company at the end of the reporting period were ¥3,785,340,304.32, showing a slight increase of 0.32% from ¥3,773,309,110.56 at the end of the previous year[24]. - The total liabilities decreased to ¥297,048,605.78 from ¥326,929,550.63, indicating a reduction of approximately 9.1%[146]. - The total equity attributable to shareholders increased to CNY 3,081,625,581.80 from CNY 2,981,357,840.40, reflecting a growth of approximately 3.4%[140]. Research and Development - Research and development expenses surged by 121.03% to ¥27,904,223.95, indicating a significant increase in R&D activities[60][61]. - The company has established a comprehensive R&D team and advanced technology testing center to enhance product development and quality assurance[37][38]. - The company has a strong talent pool with numerous senior technical personnel, enhancing its R&D capabilities and product innovation[52]. Market Strategy and Sales - The company is focusing on product quality improvement and expanding its marketing network in both Northwest and East China markets[32]. - The company’s sales model primarily relies on distributors, with a focus on meeting consumer needs through direct sales and online business development[41]. - The company has established a marketing strategy focused on "big customer operations + deep distribution," enhancing customer engagement and market penetration[53]. - The company is expanding its market presence in East China, Qinghai, and Inner Mongolia, while increasing coverage in Shaanxi, Ningxia, and Xinjiang[53]. Environmental and Social Responsibility - The company has established a comprehensive environmental protection system and achieved "Environmental Protection Standardization A-level Enterprise" certification, but faces risks from potential future regulatory changes[75]. - The company has a wastewater treatment facility with a daily processing capacity of 2,000 tons, ensuring compliance with the "Fermented Alcohol and Baijiu Industry Water Pollutant Discharge Standards" (GB27631-2011) for treated wastewater[88]. - The company actively promotes the recycling of by-products from the brewing process, such as using spent grains as animal feed and converting waste packaging materials for reuse[96]. - The company donated RMB 500,000 for environmental governance and rural beautification, enhancing local living conditions[99]. - A total of RMB 3.6 million was donated for various social responsibility initiatives, including educational support and pandemic prevention efforts[99]. Risks and Challenges - The company faces risks from intensified market competition, with a significant trend of consumer demand for brand and quality, which could lead to a decline in revenue and profit if not addressed[74]. - The company has a strong technical team but is at risk of talent loss, which could adversely affect its sustainable development[73]. - The company is monitoring the impact of potential COVID-19 outbreaks on its operations and consumer behavior, which could affect production and sales[80]. - The company’s production relies on key raw materials, and any price increases or supply shortages could negatively impact its operating costs[76]. Related Party Transactions - The company engaged in related party transactions totaling RMB 977,373.45 and RMB 1,658,230.09 for white liquor sales, both at market prices[105]. - The company has established pricing principles based on market prices for all related party transactions, ensuring compliance with market standards[107]. - All related party transactions were settled through bank transfers, indicating a standardized payment process[107]. Corporate Governance - The financial report was approved by the board of directors on August 19, 2022, indicating timely governance and oversight[185]. - The company has not reported any significant guarantees or other major contracts during the reporting period[118]. - The company has maintained a stable level of long-term investments at CNY 3,936,560.72, up from CNY 1,146,462.42, indicating a significant increase[136].

Financial Performance - The company's operating revenue for the first quarter reached ¥705,528,218.65, representing a year-on-year increase of 38.79%[4] - Net profit attributable to shareholders was ¥164,663,932.48, up 42.78% compared to the same period last year[4] - The net profit excluding non-recurring gains and losses was ¥163,006,057.73, reflecting a 41.86% increase year-on-year[4] - Basic earnings per share were ¥0.32, an increase of 39.13% from the previous year[4] - The weighted average return on equity rose to 5.37%, an increase of 1.29 percentage points[4] Assets and Equity - Total assets at the end of the reporting period were ¥4,009,305,166.38, a 6.25% increase from the end of the previous year[5] - Shareholders' equity attributable to shareholders was ¥3,146,021,772.88, up 5.52% from the previous year[5] - The total assets as of March 31, 2022, amounted to RMB 4,009,305,166.38, compared to RMB 3,773,309,110.56 at the end of 2021, reflecting a growth of 6.3%[10] - The total equity attributable to shareholders of the parent company reached RMB 3,146,021,772.88 as of March 31, 2022, compared to RMB 2,981,357,840.40 at the end of 2021, an increase of 5.5%[11] Cash Flow - The company reported a net cash flow from operating activities of ¥268,737,241.74, with significant growth in sales collections[4] - Cash flow from operating activities for Q1 2022 was RMB 268,737,241.74, a significant improvement from a negative cash flow of RMB -32,272,620.71 in Q1 2021[16] - The total cash and cash equivalents at the end of Q1 2022 amounted to $920,679,134.56, an increase from $495,221,896.91 in Q1 2021[17] - The net increase in cash and cash equivalents for Q1 2022 was $254,407,130.96, contrasting with a decrease of $64,346,633.01 in Q1 2021[17] - The beginning cash and cash equivalents balance for Q1 2022 was $666,272,003.60, up from $559,568,529.92 in Q1 2021[17] Sales and Revenue Sources - High-end product sales contributed ¥438 million to revenue, marking a 44.51% increase year-on-year[4] - The company received government subsidies amounting to ¥1,925,321.50, which are closely related to its normal business operations[5] Research and Development - Research and development expenses for Q1 2022 were RMB 8,167,819.67, compared to RMB 6,921,155.67 in Q1 2021, marking a 18.0% increase[13] Liabilities - The total liabilities increased to RMB 863,011,247.33 as of March 31, 2022, from RMB 791,625,170.10 at the end of 2021, representing a rise of 9.0%[11] Accounting Standards - The company did not apply the new accounting standards starting from 2022[17]