西安饮食股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：人民币万元 非经营性 资金占用 资金占用方 名称 占用方与 上市公司 的关联 关系 上市公司 核算的 会计科目 2025 年期初 占用资金余额 2025 年半年 度占用累计 发生金额 （不含利 息） 2025 年半 年度占用 资金的利 息（如 有） 2025 年半年 度偿还累计发 生金额 2025 年半年度 期末占用资金 余额 占用形成 原因 占用性质 控股股东、实 际控制人及其 附属企业 小 计 前控股股东、 实际控制人及 其附属企业 小 计 其他关联方及 其附属企业 小 计 总 计 2025 年 8 月 14 日 | | | 往来方与 | | | | 2025 年半年 | | 2025 | 年半 | | | | | | 往来性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 其他关联 | 资金往来方 | 上市公司 | 上市公司 | 2025 | 年期初 | 度 ...

根据中国证监会《上市公司募集资金监管规则》《深圳证券交易所 上市公司自律监管指引第1号—主板上市公司规范运作》等有关规定，西 安饮食股份有限公司（以下简称"公司"）现将本公司2025年半年度募 集资金存放、管理与使用情况报告如下： 一、募集资金基本情况 证券代码：000721 证券简称：西安饮食 公告编号：2025-031 西安饮食股份有限公司 关于2025年半年度募集资金存放、管理与使用情况公告 1.实际募集资金金额及资金到位情况 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 1 根据公司制定的《募集资金使用及存放管理办法》，公司对募集资 金实行专户存储，在银行设立募集资金专户，并同保荐机构海通证券股 份有限公司、交通银行股份有限公司陕西省分行于2022年1月28日签订 《募集资金三方监管协议》，明确各方的权利和义务。三方监管协议与 深圳证券交易所三方监管协议范本不存在重大差异。 三、2025年半年度募集资金实际使用情况 2025年半年度，公司募集资金使用金额为27.89万元。截至2025年6 月30日，募集资金项目累计使用金额28,533.71万元。具体 ...

西安饮食股份有限公司 2025 年半年度财务报告 西安饮食股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 西安饮食股份有限公司 2025 年半年度财务报告 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：西安饮食股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 113,839,494.28 | 91,712,537.99 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 55,887,297.38 | 50,294,499.98 | | 应收款项融资 | | | | 预付款项 | 7,240,940.35 | 5,933,622.41 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 ...

证券代码：000721 证券简称：西安饮食 公告编号：2025—032 西安饮食股份有限公司 关于对控股子公司提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、担保情况概述 西安饮食股份有限公司（以下简称"公司"）控股子公司西安大业 食品有限公司（以下简称"大业公司"）为满足日常生产经营及流动资 金周转的需求，拟在中信银行股份有限公司西安分行办理流动资金贷款 1,000万元，期限为1年。公司为此笔贷款提供连带责任保证担保。 2025年8月14日，公司第十届董事会第十五次会议审议通过《关于对 控股子公司提供担保的议案》。公司为大业公司银行贷款1,000万元提供 连带责任保证担保，占公司最近一期经审计净资产的3.31%。本次担保事 项无需提交公司股东大会审议批准。 二、被担保人基本情况 1.被担保人基本信息 （6）经营范围：一般项目:食品销售(仅销售预包装食品);水产品零 售;鲜肉零售;外卖递送服务;水产品批发;农副产品销售;物业管理;非居 住房地产租赁;食品互联网销售(仅销售预包装食品);供应链管理服务; 食用农产品零售;食用农产品批发;工艺 ...

1.审议通过《公司 2025 年半年度报告及摘要》 经全体监事审议，以 3 票赞成、0 票反对、0 票弃权审议通过该议案。 证券代码：000721 证券简称：西安饮食 公告编号：2025—033 西安饮食股份有限公司 第十届监事会第十二次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 西安饮食股份有限公司（以下简称"公司"）第十届监事会第十二次 会议通知于 2025 年 8 月 1 日以电话、电子邮件、书面送达方式通知各位 监事。会议于 2025 年 8 月 14 日在公司会议室召开，应到监事 3 名，实到 监事 3 名。会议符合《公司法》及本公司章程的规定，会议由监事会主席 徐鹏先生主持。 二、监事会会议审议情况 经审核，监事会认为，董事会编制和审议公司 2025 年半年度报告的 程序符合有关法律法规及中国证监会的规定，报告内容真实、准确、完整 地反映了公司的实际情况。 2.审议通过《关于公司 2025 年半年度募集资金存放、管理与使用情 况的议案》 经全体监事审议，以 3 票赞成、0 票反对、0 票弃权审议通过该议案。 ...

证券代码：000721 证券简称：西安饮食 公告编号：2025—029 西安饮食股份有限公司 第十届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 西安饮食股份有限公司（以下简称"公司"）第十届董事会第十五次 会议通知于 2025 年 8 月 1 日以电话、电子邮件、书面送达方式通知各位 董事。会议于 2025 年 8 月 14 日在公司会议室召开，应到董事 9 名，实 到董事 9 名，会议由董事长刘勇先生主持。公司监事、高级管理人员列 席了会议。会议召开符合《公司法》及《公司章程》的规定。 二、董事会会议审议情况 1.审议通过《公司 2025 年半年度报告及摘要》。 经全体董事审议，以 9 票赞成、0 票反对、0 票弃权审议通过该议案。 具体内容详见公司同日披露的《公司 2025 年半年度报告》《公司 2025 年半年度报告摘要》。 特此公告。 该议案已经公司董事会审计委员会审议通过。 2.审议通过《关于公司 2025 年半年度募集资金存放、管理与使用情 况的议案》。 经全体董事审议，以 9 票赞成、0 ...

[Section I Important Notes, Table of Contents, and Definitions](index=2&type=section&id=Section%20I%20Important%20Notes%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, the report's structural overview, and definitions of key terms used throughout [Important Notes](index=2&type=section&id=Important%20Notes) The Board of Directors, Supervisory Board, and senior management guarantee the report's accuracy, completeness, and truthfulness, with no cash dividends or share transfers planned - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the report content[4](index=4&type=chunk) - The company's responsible person, chief accountant, and accounting department head declare the financial report is true, accurate, and complete[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section lists the structured table of contents, including company profile, management discussion and analysis, corporate governance, significant events, share changes, bond information, and financial reports [List of Documents for Reference](index=4&type=section&id=List%20of%20Documents%20for%20Reference) This section provides a list of documents available for inspection during the reporting period, including the signed semi-annual report and financial statements - Documents for reference include the semi-annual report signed by the chairman, financial reports, publicly disclosed documents, and other relevant materials[10](index=10&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines specific terms used in the report, including company names, brands, cultural heritage items, and the reporting period - The company owns **12 "China Time-honored Brands"**, **9 "Shaanxi Province Time-honored Brands"**, and **14 "Xi'an City Time-honored Brands"**[11](index=11&type=chunk) - The company possesses **2 national-level intangible cultural heritage projects**, **5 Shaanxi provincial-level intangible cultural heritage projects**, and **8 Xi'an city-level intangible cultural heritage projects**[11](index=11&type=chunk) - The reporting period is from January 1 to June 30, 2025[11](index=11&type=chunk) [Section II Company Profile and Key Financial Indicators](index=6&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information and a summary of its key financial performance and position during the reporting period [1. Company Profile](index=6&type=section&id=1.%20Company%20Profile) This section provides the company's basic information, including stock abbreviation, stock code, listing exchange, Chinese and foreign names, and legal representative Company Basic Information | Indicators | Content | | :--- | :--- | | Stock Abbreviation | Xi'an Catering | | Stock Code | 000721 | | Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | Xi'an Catering Co., Ltd. | | Legal Representative | Liu Yong | [2. Contact Persons and Information](index=6&type=section&id=2.%20Contact%20Persons%20and%20Information) This section lists the contact information for the company's Board Secretary and Securities Affairs Representative, including address, phone, fax, and email Company Contact Information | Position | Name | Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Meng Lei | 7th Floor, Xiying Building, No. 508 Xiying Road, Qujiang New District, Xi'an | 029-82065865 | 029-82065899 | 897481583@qq.com | | Securities Affairs Representative | Tong Qin | 7th Floor, Xiying Building, No. 508 Xiying Road, Qujiang New District, Xi'an | 029-82065865 | 029-82065899 | xalydb@163.com | [3. Other Information](index=6&type=section&id=3.%20Other%20Information) The company's registered address, office address, website, and information disclosure locations remained unchanged during the reporting period - Company contact information remained unchanged during the reporting period, refer to the 2024 Annual Report[15](index=15&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period, refer to the 2024 Annual Report[16](index=16&type=chunk) [4. Key Accounting Data and Financial Indicators](index=7&type=section&id=4.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This reporting period saw a 12.08% decrease in operating revenue, a 9.19% reduction in net loss attributable to shareholders, and a significant 94.18% increase in net cash flow from operating activities Key Accounting Data and Financial Indicators (Year-on-Year Change) | Indicator | Current Period (RMB) | Prior Year (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 306,568,680.58 | 348,704,417.06 | -12.08% | | Net Profit Attributable to Shareholders of Listed Company | -54,166,907.40 | -59,646,320.36 | 9.19% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | -56,508,007.11 | -61,253,266.29 | 7.75% | | Net Cash Flow from Operating Activities | 55,764,564.89 | 28,718,628.95 | 94.18% | | Basic Earnings Per Share (RMB/share) | -0.0944 | -0.1039 | 9.14% | | Diluted Earnings Per Share (RMB/share) | -0.0944 | -0.1039 | 9.14% | | Weighted Average Return on Net Assets | -19.67% | -15.22% | -4.45% | | **Period-end Indicators** | **Current Period-end (RMB)** | **Prior Year-end (RMB)** | **Period-end vs. Prior Year-end Change** | | Total Assets | 1,369,230,510.38 | 1,396,423,115.29 | -1.95% | | Net Assets Attributable to Shareholders of Listed Company | 248,235,394.93 | 302,402,302.33 | -17.91% | [5. Differences in Accounting Data under Domestic and International Accounting Standards](index=7&type=section&id=5.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20International%20Accounting%20Standards) The company reported no differences in net profit and net assets between international/overseas accounting standards and Chinese accounting standards during the reporting period - The company reported no differences in net profit and net assets between international accounting standards and Chinese accounting standards during the reporting period[19](index=19&type=chunk) - The company reported no differences in net profit and net assets between overseas accounting standards and Chinese accounting standards during the reporting period[20](index=20&type=chunk) [6. Non-recurring Gains and Losses and Amounts](index=7&type=section&id=6.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) The company's total non-recurring gains and losses for this period amounted to RMB 2,341,099.71, primarily from government grants, disposal of non-current assets, and other non-operating income/expenses Non-recurring Gains and Losses and Amounts | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains/Losses from disposal of non-current assets | 74,926.58 | | | Government grants recognized in current profit/loss | 2,920,742.73 | Government grant income | | Other non-operating income and expenses apart from the above | 112,532.72 | | | Other profit/loss items meeting the definition of non-recurring gains/losses | 13,264.25 | | | Less: Income tax impact | 780,366.57 | | | Total | 2,341,099.71 | | - The company has no other specific situations of profit/loss items meeting the definition of non-recurring gains/losses[23](index=23&type=chunk) [Section III Management Discussion and Analysis](index=9&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's primary business operations, core competencies, financial performance, investment activities, and risk management strategies [1. Principal Business Activities During the Reporting Period](index=9&type=section&id=1.%20Principal%20Business%20Activities%20During%20the%20Reporting%20Period) The company's main business involves catering services and industrial food processing and sales, operating numerous "China Time-honored Brand" establishments [(I) Company's Principal Business](index=9&type=section&id=%28I%29%20Company%27s%20Principal%20Business) The company's principal business includes catering services and industrial food processing and sales, with nearly a hundred historic and "China Time-honored Brand" outlets offering diverse cuisines and specialty foods - The company's principal business is catering services, industrial food processing, and sales, with nearly a hundred old, renowned, and "China Time-honored Brand" outlets[25](index=25&type=chunk) - Catering services primarily offer exquisite Shaanxi cuisine, Cantonese cuisine, Sichuan cuisine, Huaiyang cuisine, and local specialty snacks[25](index=25&type=chunk) - Food industry primarily engages in the production and sale of over a hundred varieties of time-honored specialty foods, including pastries, meat products, frozen foods, and convenience foods[25](index=25&type=chunk) [(II) Operating Performance During the Reporting Period](index=9&type=section&id=%28II%29%20Operating%20Performance%20During%20the%20Reporting%20Period) In the first half of 2025, the company achieved stable operations and improved efficiency through seven key initiatives, including enhancing store performance, digital management, and product innovation - The company adheres to a "catering main business + food industry superimposed dual-wheel drive" development strategy, aiming for "quality improvement and efficiency enhancement"[26](index=26&type=chunk) - Through innovative product R&D, creative intangible cultural heritage brand marketing, and the creation of diverse new consumption scenarios, stable and orderly production and operation were achieved[26](index=26&type=chunk) - In the first half of the year, the company made significant progress in increasing store revenue, digital governance, light-asset investment, improving dish quality, expanding the food sector, marketing innovation, and talent development[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [2. Analysis of Core Competencies](index=10&type=section&id=2.%20Analysis%20of%20Core%20Competencies) The company's core competencies are rooted in its strong brand heritage, technological innovation, project management expertise, and unique corporate culture, supported by numerous "China Time-honored Brands" and skilled culinary teams - The company owns "Xi'an Catering" and **12 affiliated brands recognized as "China Time-honored Brands"**[31](index=31&type=chunk) - The preparation techniques for Tong Sheng Xiang Restaurant's beef and lamb paomo and Lao Sun Jia Restaurant's lamb paomo are listed as national intangible cultural heritage[31](index=31&type=chunk) - The company boasts a technical team comprising Chinese culinary masters, renowned chefs, and service masters, covering cooking, pastry, cold dishes, service, and food processing[32](index=32&type=chunk) [3. Analysis of Principal Business](index=10&type=section&id=3.%20Analysis%20of%20Principal%20Business) The company's principal business revenue decreased by 12.08% year-on-year, primarily due to a decline in catering services, while manufacturing revenue increased, and net cash flow from operating activities significantly grew due to reduced outflows [Overview](index=10&type=section&id=Overview) For an overview of the principal business, please refer to "1. Principal Business Activities During the Reporting Period" [Year-on-Year Changes in Key Financial Data](index=10&type=section&id=Year-on-Year%20Changes%20in%20Key%20Financial%20Data) This reporting period saw a 12.08% decrease in operating revenue, an 11.59% decrease in operating costs, and a 25.52% decrease in selling expenses, with net cash flow from operating activities significantly increasing by 94.18% Key Financial Data Year-on-Year Change | Indicator | Current Period (RMB) | Prior Year (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 306,568,680.58 | 348,704,417.06 | -12.08% | | | Operating Cost | 299,453,376.25 | 338,705,077.73 | -11.59% | | | Selling Expenses | 13,575,675.05 | 18,227,593.92 | -25.52% | | | Administrative Expenses | 34,666,261.70 | 35,783,595.71 | -3.12% | | | Financial Expenses | 13,313,756.46 | 14,789,981.24 | -9.98% | | | Net Cash Flow from Operating Activities | 55,764,564.89 | 28,718,628.95 | 94.18% | Primarily due to reduced cash outflows from operating activities in this reporting period | | Net Cash Flow from Investing Activities | -9,125,216.57 | -27,683,424.88 | 67.04% | Primarily due to reduced cash payments for the acquisition of fixed assets, intangible assets, and other long-term assets in this reporting period | | Net Cash Flow from Financing Activities | -25,440,114.16 | 16,704,172.25 | -252.30% | Primarily due to reduced cash received from borrowings in this reporting period | | Net Increase in Cash and Cash Equivalents | 21,199,234.16 | 17,739,376.32 | 19.50% | Primarily due to the increase in net cash flow from operating activities in this reporting period | - The company's profit composition or sources of profit did not undergo significant changes during the reporting period[36](index=36&type=chunk) [Composition of Operating Revenue](index=11&type=section&id=Composition%20of%20Operating%20Revenue) Total operating revenue for this period was RMB 306,568,680.58, a 12.08% year-on-year decrease, with catering services accounting for 70.89% and manufacturing for 20.75%, primarily from Shaanxi Province Operating Revenue Composition (by Industry) | Industry | Current Period Amount (RMB) | % of Operating Revenue | Prior Year Amount (RMB) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Catering Services | 217,327,404.52 | 70.89% | 264,015,020.17 | 75.71% | -17.68% | | Manufacturing | 63,601,678.82 | 20.75% | 59,466,009.68 | 17.05% | 6.95% | | Other Services | 8,465,554.37 | 2.76% | 7,513,065.17 | 2.16% | 12.68% | | Other Businesses | 17,174,042.87 | 5.60% | 17,710,322.04 | 5.08% | -3.03% | Operating Revenue Composition (by Product) | Product | Current Period Amount (RMB) | % of Operating Revenue | Prior Year Amount (RMB) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Catering Revenue | 197,116,114.89 | 64.30% | 242,197,980.78 | 69.46% | -18.61% | | Room Revenue | 4,871,852.79 | 1.59% | 6,068,824.99 | 1.74% | -19.72% | | Merchandise Revenue | 15,339,436.84 | 5.00% | 15,748,214.40 | 4.51% | -2.60% | | Other Revenue | 72,067,233.19 | 23.51% | 66,979,074.85 | 19.21% | 7.60% | | Other Business Revenue | 17,174,042.87 | 5.60% | 17,710,322.04 | 5.08% | -3.03% | Operating Revenue Composition (by Region) | Region | Current Period Amount (RMB) | % of Operating Revenue | Prior Year Amount (RMB) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Shaanxi Province | 305,666,652.29 | 99.71% | 344,512,676.20 | 98.80% | -11.28% | | Outside Shaanxi Province | 902,028.29 | 0.29% | 4,191,740.86 | 1.20% | -78.48% | [4. Analysis of Non-Principal Business](index=12&type=section&id=4.%20Analysis%20of%20Non-Principal%20Business) Non-principal business income primarily includes non-operating income, other income, and asset disposal gains, with government grants being sustainable, while other items are not Non-Principal Business Analysis | Item | Amount (RMB) | % of Total Profit | Explanation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Non-operating income | 122,651.83 | 0.22% | Primarily due to other income unrelated to operations recognized in this reporting period | No | | Non-operating expenses | 10,119.11 | 0.02% | | No | | Other income | 3,453,153.32 | 6.28% | Primarily due to government grants received and additional input tax deductions in this reporting period | Yes | | Credit impairment losses | -745,000.51 | 1.35% | Primarily due to credit impairment losses recognized by the company in this reporting period | Yes | | Asset disposal gains | 74,926.58 | 0.14% | Primarily gains from disposal of right-of-use assets | No | [5. Analysis of Assets and Liabilities](index=12&type=section&id=5.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, total assets slightly decreased, and net assets attributable to shareholders declined by 17.91%, with changes in the composition of various asset and liability items [1. Significant Changes in Asset Composition](index=12&type=section&id=1.%20Significant%20Changes%20in%20Asset%20Composition) At the end of the reporting period, the proportion of monetary funds, accounts receivable, short-term borrowings, and lease liabilities increased, while inventory, investment properties, fixed assets, and right-of-use assets decreased Significant Changes in Asset Composition | Item | Current Period-end Amount (RMB) | % of Total Assets | Prior Year-end Amount (RMB) | % of Total Assets | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 113,839,494.28 | 8.31% | 91,712,537.99 | 6.57% | 1.74% | | Accounts Receivable | 55,887,297.38 | 4.08% | 50,294,499.98 | 3.60% | 0.48% | | Inventory | 40,222,985.56 | 2.94% | 47,939,966.22 | 3.43% | -0.49% | | Investment Properties | 193,827,457.94 | 14.16% | 198,891,039.18 | 14.24% | -0.08% | | Fixed Assets | 461,416,057.41 | 33.70% | 474,535,427.12 | 33.98% | -0.28% | | Right-of-Use Assets | 141,192,253.07 | 10.31% | 149,794,258.01 | 10.73% | -0.42% | | Short-term Borrowings | 433,003,110.67 | 31.62% | 428,460,581.59 | 30.68% | 0.94% | | Contract Liabilities | 18,864,628.98 | 1.38% | 19,173,340.14 | 1.37% | 0.01% | | Long-term Borrowings | 32,392,817.90 | 2.37% | 36,346,878.65 | 2.60% | -0.23% | | Lease Liabilities | 117,730,594.09 | 8.60% | 114,857,524.91 | 8.23% | 0.37% | [4. Asset Rights Restricted as of the End of the Reporting Period](index=13&type=section&id=4.%20Asset%20Rights%20Restricted%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the end of the reporting period, restricted assets amounted to RMB 4,219,332.63, primarily co-managed funds, with no other pledged, frozen, or potentially at-risk assets - Restricted asset amount is **RMB 4,219,332.63**, primarily co-managed funds[44](index=44&type=chunk) [6. Analysis of Investment Status](index=13&type=section&id=6.%20Analysis%20of%20Investment%20Status) During the reporting period, the company had no significant equity or non-equity investments or financial asset investments, with raised funds primarily allocated to "Time-honored Brand Revitalization and Expansion Project" and "Replenishing Working Capital" [5. Use of Raised Funds](index=13&type=section&id=5.%20Use%20of%20Raised%20Funds) The company's 2022 non-public offering raised a total of RMB 303.9251 million, with a net amount of RMB 299.4593 million, and as of June 30, 2025, RMB 285.3371 million has been utilized Overall Use of Raised Funds | Raising Year | Raising Method | Total Raised Funds (RMB 10,000) | Net Raised Funds (RMB 10,000) | Total Raised Funds Used in Current Period (RMB 10,000) | Total Raised Funds Cumulatively Used (RMB 10,000) | % of Raised Funds Used at Period-end | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 2022 | Non-public offering of shares to specific targets | 30,392.51 | 29,945.93 | 27.89 | 28,533.71 | 95.28% | Status of Raised Funds Committed Projects | Committed Investment Project | Committed Investment Total (RMB 10,000) | Adjusted Investment Total (RMB 10,000) | Cumulative Investment at Period-end (RMB 10,000) | Investment Progress at Period-end | | :--- | :--- | :--- | :--- | :--- | | Time-honored Brand Revitalization and Expansion Project | 17,502.73 | 17,046.84 | 15,653.51 | 91.83% | | Replenishing Working Capital | 12,889.78 | 12,899.09 | 12,880.20 | 99.85% | - As of June 30, 2025, the balance in the special account for raised funds was **RMB 14.6297 million**[49](index=49&type=chunk) [7. Significant Asset and Equity Disposals](index=15&type=section&id=7.%20Significant%20Asset%20and%20Equity%20Disposals) The company did not undertake any significant asset or equity disposals during the reporting period - The company did not dispose of significant assets during the reporting period[53](index=53&type=chunk) - The company did not dispose of significant equity during the reporting period[54](index=54&type=chunk) [8. Analysis of Major Holding and Participating Companies](index=15&type=section&id=8.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This section lists the company's major holding subsidiaries, with Xi'an Daye Food Co., Ltd. reporting a net profit, while others like Xi'an Fuyingmen Grand Hong Kong Restaurant Co., Ltd. incurred losses Financial Status of Major Holding and Participating Companies | Company Name | Principal Business | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Operating Profit (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xi'an Fuyingmen Grand Hong Kong Restaurant Co., Ltd. | Catering, Accommodation | 15,000,000 | 25,416,006.02 | -125,596,458.72 | 12,522,186.41 | -1,408,262.62 | -1,407,561.19 | | Xi'an Changning Palace Conference Training Center Co., Ltd. | Catering, Accommodation | 17,500,000 | 53,664,923.72 | -40,739,980.39 | 16,555,723.86 | -7,598,537.64 | -7,596,917.64 | | Xi'an Daye Food Co., Ltd. | Food Processing | 86,000,000 | 105,013,494.81 | 51,117,279.79 | 60,283,589.58 | 1,670,617.20 | 1,690,445.51 | | Xi'an Xiyin Brand Operation Management Co., Ltd. | Catering Services | 3,000,000 | 2,676,463.79 | -8,184,719.90 | | -6,791.89 | -6,898.41 | | Xi'an Yongning Xingye Hotel Co., Ltd. | Hotel Property Services | 1,000,000 | 195,181,759.60 | 140,805,492.12 | 4,718,204.46 | -3,136,764.62 | -3,136,764.60 | | Xi'an Xiyin Yami Food Production and Distribution Co., Ltd. | Supply Chain Management Services, Catering Management, etc. | 10,000,000 | 37,930,736.26 | 7,095,650.84 | 14,290,242.07 | -1,354,941.56 | -1,327,784.48 | | Chengdu Shishang Guochao Catering Management Co., Ltd. | Catering Services | 6,200,000 | 698,661.08 | -2,561,687.61 | -514,397.18 | -514,397.18 | -514,397.18 | [9. Structured Entities Controlled by the Company](index=16&type=section&id=9.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[59](index=59&type=chunk) [10. Risks Faced by the Company and Countermeasures](index=16&type=section&id=10.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks in food safety, operations, investment, talent shortages, and trademark infringement, which it addresses through robust management systems, operational optimization, talent strategies, and enhanced brand protection - Food Safety Risk: The company implements a "4D" food safety on-site management system, strengthens hidden danger investigations and product quality spot checks, and assigns food safety administrators and directors to ensure food production and processing safety[56](index=56&type=chunk) - Operational and Investment Risks: The company will optimize its operating model, reduce costs, centralize procurement, promote standardized production and distribution, and conduct thorough market research and operational feasibility studies before project construction to enhance investment returns[57](index=57&type=chunk) - Talent Shortage Risk: The company adheres to a "talent-strengthening enterprise" strategy, combining internal training with external recruitment, optimizing compensation systems, strengthening talent梯队 construction and training, and introducing market-oriented talent[58](index=58&type=chunk) - Trademark Infringement Risk: The company strengthens trademark protection, regularly renews and maintains trademarks, standardizes trademark use, and expands trademark protection scope[60](index=60&type=chunk) [11. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=17&type=section&id=11.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company did not formulate a market value management system or disclose a valuation enhancement plan during the reporting period - The company did not formulate a market value management system[61](index=61&type=chunk) - The company did not disclose a valuation enhancement plan[61](index=61&type=chunk) [12. Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=17&type=section&id=12.%20Implementation%20of%20%22Dual%20Improvement%20in%20Quality%20and%20Returns%22%20Action%20Plan) The company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period - The company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan[61](index=61&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=18&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details changes in the company's governance, its profit distribution plans, employee incentive measures, environmental disclosures, and social responsibility initiatives [1. Changes in Directors, Supervisors, and Senior Management](index=18&type=section&id=1.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, Liu Yong was elected as the Chairman on January 2, 2025, due to a job transfer Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Liu Yong | Chairman | Elected | January 2, 2025 | Job transfer | [2. Profit Distribution and Capital Reserve Conversion to Share Capital in This Reporting Period](index=18&type=section&id=2.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20in%20This%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period[64](index=64&type=chunk) [3. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=18&type=section&id=3.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place or implemented during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place or implemented during the reporting period[65](index=65&type=chunk) [4. Environmental Information Disclosure](index=18&type=section&id=4.%20Environmental%20Information%20Disclosure) The company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[66](index=66&type=chunk) [5. Social Responsibility](index=18&type=section&id=5.%20Social%20Responsibility) During the reporting period, the company actively fulfilled its social responsibilities by safeguarding shareholder and consumer rights, caring for employees, promoting environmental protection, and engaging in continuous public welfare activities - The company safeguards shareholder rights through legal and compliant operations, transparent information disclosure, and improved governance structure[66](index=66&type=chunk) - The company cares for employees, visits and comforts employees in need and frontline staff, and provides regular assistance to struggling employees[66](index=66&type=chunk) - The company operates with integrity, strictly controls food quality and safety, and ensures consumer rights[66](index=66&type=chunk) - The company continuously implements energy-saving target responsibility management, strictly handles waste oil, exhaust gas, cooking fumes, kitchen waste, and other waste materials[66](index=66&type=chunk) - Xi'an Restaurant has continuously donated **RMB 10,000** annually to the Xi'an Children's Welfare Institute for **18 consecutive years**[66](index=66&type=chunk) [Section V Significant Matters](index=19&type=section&id=Section%20V%20Significant%20Matters) This section covers the fulfillment of commitments by controlling shareholders and related parties, the absence of non-operating fund occupation, and details on litigation, penalties, and related party transactions [1. Fulfillment of Commitments by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During the Reporting Period, and Overdue Unfulfilled Commitments as of the End of the Reporting Period](index=19&type=section&id=1.%20Fulfillment%20of%20Commitments%20by%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20the%20Reporting%20Period%2C%20and%20Overdue%20Unfulfilled%20Commitments%20as%20of%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, the controlling shareholder, Xi'an Tourism Group Co., Ltd., fulfilled its commitment not to reduce its shareholding in the company Fulfillment of Commitments | Commitment Event | Promisor | Commitment Type | Commitment Content | Commitment Date | Commitment Period | Fulfillment Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Commitments made during initial public offering or refinancing | Xi'an Tourism Group Co., Ltd. | Commitment not to reduce shares of Xi'an Catering Co., Ltd. | Committed not to reduce the shares of Xi'an Catering subscribed in this non-public offering for thirty-six months from August 28, 2020, until the completion of this non-public offering. | August 28, 2020 | From the date of commitment to 36 months after the completion of the offering | Fulfilled | [2. Non-Operating Occupation of Funds by Controlling Shareholders and Other Related Parties of the Listed Company](index=19&type=section&id=2.%20Non-Operating%20Occupation%20of%20Funds%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20of%20the%20Listed%20Company) The company reported no non-operating occupation of funds by controlling shareholders or other related parties during the reporting period - The company reported no non-operating occupation of funds by controlling shareholders or other related parties during the reporting period[69](index=69&type=chunk) [3. Irregular External Guarantees](index=19&type=section&id=3.%20Irregular%20External%20Guarantees) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[70](index=70&type=chunk) [4. Appointment and Dismissal of Accounting Firms](index=19&type=section&id=4.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[71](index=71&type=chunk) [5. Board of Directors' and Supervisory Board's Explanation on "Non-Standard Audit Report" for This Reporting Period](index=19&type=section&id=5.%20Board%20of%20Directors%27%20and%20Supervisory%20Board%27s%20Explanation%20on%20%22Non-Standard%20Audit%20Report%22%20for%20This%20Reporting%20Period) The company reported no "non-standard audit report" issued by the accounting firm during this reporting period [6. Board of Directors' Explanation on "Non-Standard Audit Report" for the Previous Year](index=19&type=section&id=6.%20Board%20of%20Directors%27%20Explanation%20on%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Previous%20Year) The company provided no explanation regarding a "non-standard audit report" for the previous year during this reporting period [7. Bankruptcy and Reorganization Matters](index=19&type=section&id=7.%20Bankruptcy%20and%20Reorganization%20Matters) The company had no bankruptcy and reorganization matters during the reporting period - The company had no bankruptcy and reorganization matters during the reporting period[73](index=73&type=chunk) [8. Litigation Matters](index=20&type=section&id=8.%20Litigation%20Matters) The company had no significant litigation or arbitration matters this period, with 12 other litigation cases, 4 of which are concluded without impact, and 8 pending with uncertain outcomes totaling RMB 10.8874 million - The company had no significant litigation or arbitration matters in this reporting period[74](index=74&type=chunk) - The company had **12 litigation (arbitration) matters** not meeting disclosure standards, with a total amount involved of **RMB 10.8874 million**[74](index=74&type=chunk) - Of these, **4 cases have been concluded** with no impact on the company; **8 cases have not yet reached a final judgment**, and their impact on the company remains uncertain[74](index=74&type=chunk) [9. Penalties and Rectification Status](index=20&type=section&id=9.%20Penalties%20and%20Rectification%20Status) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[75](index=75&type=chunk) [10. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=20&type=section&id=10.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company, its controlling shareholder, and actual controller maintained good integrity status during the reporting period - The company, its controlling shareholder, and actual controller had no integrity issues during the reporting period[76](index=76&type=chunk) [11. Significant Related Party Transactions](index=20&type=section&id=11.%20Significant%20Related%20Party%20Transactions) The company reported no significant related party transactions during the reporting period, including those related to daily operations, asset/equity acquisitions/disposals, joint investments, or intercompany debt - The company had no related party transactions related to daily operations during the reporting period[76](index=76&type=chunk) - The company had no related party transactions involving asset or equity acquisitions/disposals during the reporting period[77](index=77&type=chunk) - The company had no related party transactions involving joint external investments during the reporting period[78](index=78&type=chunk) - The company had no related party debt transactions during the reporting period[80](index=80&type=chunk) - The company had no deposits, loans, credit lines, or other financial business with related financial companies[81](index=81&type=chunk) [12. Significant Contracts and Their Fulfillment](index=21&type=section&id=12.%20Significant%20Contracts%20and%20Their%20Fulfillment) The company had no significant contracts, including those for trusteeship, contracting, leasing, major guarantees, or wealth management, during the reporting period - The company had no trusteeship situations during the reporting period[84](index=84&type=chunk) - The company had no contracting situations during the reporting period[85](index=85&type=chunk) - The company had no leasing situations during the reporting period[86](index=86&type=chunk) - The company had no significant guarantee situations during the reporting period[87](index=87&type=chunk) - The company had no wealth management activities during the reporting period[88](index=88&type=chunk) - The company had no other significant contracts during the reporting period[89](index=89&type=chunk) [13. Explanation of Other Significant Matters](index=22&type=section&id=13.%20Explanation%20of%20Other%20Significant%20Matters) The company had no other significant matters requiring explanation during the reporting period - The company had no other significant matters requiring explanation during the reporting period[90](index=90&type=chunk) [14. Significant Matters of Company Subsidiaries](index=22&type=section&id=14.%20Significant%20Matters%20of%20Company%20Subsidiaries) The company's subsidiaries had no significant matters during the reporting period - The company's subsidiaries had no significant matters during the reporting period[91](index=91&type=chunk) [Section VI Share Changes and Shareholder Information](index=23&type=section&id=Section%20VI%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital, particularly the release of restricted shares, and provides an overview of shareholder numbers and major shareholdings [1. Share Change Status](index=23&type=section&id=1.%20Share%20Change%20Status) During the reporting period, restricted shares decreased by 74,858,388 shares, while unrestricted shares increased by the same amount, primarily due to the lifting of restrictions on shares held by the controlling shareholder [1. Share Change Status](index=23&type=section&id=1.%20Share%20Change%20Status) The company's restricted shares decreased by 74,858,388 shares, while unrestricted shares increased by the same amount, with the total share capital remaining unchanged Share Change Status | Item | Quantity Before Change (shares) | % Before Change | Increase/Decrease in This Change (＋,－) | Quantity After Change (shares) | % After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 136,412,388 | 23.77% | -74,858,388 | 61,554,000 | 10.73% | | 2. State-owned Legal Person Holdings | 74,858,388 | 13.04% | -74,858,388 | 0 | 0.00% | | II. Unrestricted Shares | 437,501,920 | 76.23% | 74,858,388 | 512,360,308 | 89.27% | | 1. RMB Ordinary Shares | 437,501,920 | 76.23% | 74,858,388 | 512,360,308 | 89.27% | | III. Total Shares | 573,914,308 | 100.00% | 0 | 573,914,308 | 100.00% | - The reason for the share change is that the lock-up period for shares from the 2022 non-public offering expired, and **74,858,388 restricted shares** became unrestricted and listed for trading on January 27, 2025[94](index=94&type=chunk) [2. Changes in Restricted Shares](index=24&type=section&id=2.%20Changes%20in%20Restricted%20Shares) The 74,858,388 restricted shares held by the controlling shareholder, Xi'an Tourism Group Co., Ltd., were released from restriction on January 27, 2025, resulting in zero restricted shares at period-end Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Restricted Shares Released in Current Period (shares) | Restricted Shares Increased in Current Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | Date of Release from Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xi'an Tourism Group Co., Ltd. | 74,858,388 | 74,858,388 | 0 | 0 | Non-public offering commitment lock-up | January 27, 2025 | [2. Securities Issuance and Listing](index=24&type=section&id=2.%20Securities%20Issuance%20and%20Listing) The company had no securities issuance or listing activities during the reporting period [3. Number of Shareholders and Shareholding Status](index=24&type=section&id=3.%20Number%20of%20Shareholders%20and%20Shareholding%20Status) At the end of the reporting period, the total number of ordinary shareholders was 103,597. The controlling shareholder, Xi'an Tourism Group Co., Ltd., holds 30.96% of shares, with 88,800,000 shares pledged or frozen - Total number of ordinary shareholders at the end of the reporting period was **103,597**[99](index=99&type=chunk) Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at Period-end (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xi'an Tourism Group Co., Ltd. | State-owned Legal Person | 30.96% | 177,680,388 | 0 | 177,680,388 | Pledged, Frozen | 88,800,000 | | Xi'an Weide Industrial Development Co., Ltd. | Domestic Non-state-owned Legal Person | 4.65% | 26,681,250 | 0 | 26,681,250 | Pledged, Frozen | 26,681,250 | | Xi'an Longji Engineering Construction Co., Ltd. | Domestic Non-state-owned Legal Person | 4.26% | 24,425,100 | 0 | 24,425,100 | Pledged, Frozen | 24,425,100 | | Xi'an Migao Industrial Development Co., Ltd. | Domestic Non-state-owned Legal Person | 2.03% | 11,674,350 | 8,192,850 | 3,481,500 | Pledged, Frozen | 8,192,850 | - Xi'an Tourism Group Co., Ltd., Xi'an Weide Industrial Development Co., Ltd., and Xi'an Longji Engineering Construction Co., Ltd., along with Xi'an Migao Industrial Development Co., Ltd. (limited to 8,192,850 pledged shares), constitute parties acting in concert as defined by the "Measures for the Administration of the Acquisition of Listed Companies"[101](index=101&type=chunk) [4. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=26&type=section&id=4.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period, as detailed in the 2024 Annual Report - The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period[104](index=104&type=chunk) [5. Changes in Controlling Shareholder or Actual Controller](index=26&type=section&id=5.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[105](index=105&type=chunk) - The company's actual controller remained unchanged during the reporting period[105](index=105&type=chunk) [6. Preferred Share Information](index=26&type=section&id=6.%20Preferred%20Share%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[106](index=106&type=chunk) [Section VII Bond Information](index=27&type=section&id=Section%20VII%20Bond%20Information) The company had no bond-related information during the reporting period [Bond Information](index=27&type=section&id=Bond%20Information) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[108](index=108&type=chunk) [Section VIII Financial Report](index=28&type=section&id=Section%20VIII%20Financial%20Report) This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, along with detailed notes on key financial items and accounting policies [1. Audit Report](index=28&type=section&id=1.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[110](index=110&type=chunk) [2. Financial Statements](index=28&type=section&id=2.%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025 [1. Consolidated Balance Sheet](index=28&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's consolidated total assets were RMB 1,369,230,510.38, total liabilities were RMB 1,117,824,106.04, and total owners' equity was RMB 251,406,404.34 [2. Parent Company Balance Sheet](index=31&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were RMB 1,496,031,525.19, total liabilities were RMB 937,384,228.28, and total owners' equity was RMB 558,647,296.91 [3. Consolidated Income Statement](index=33&type=section&id=3.%20Consolidated%20Income%20Statement) For the first half of 2025, the company's consolidated total operating revenue was RMB 306,568,680.58, net profit was -RMB 55,030,258.62, and net profit attributable to parent company shareholders was -RMB 54,166,907.40 [4. Parent Company Income Statement](index=35&type=section&id=4.%20Parent%20Company%20Income%20Statement) For the first half of 2025, the parent company's operating revenue was RMB 221,908,328.86, and net profit was -RMB 39,049,688.67 [5. Consolidated Cash Flow Statement](index=36&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) For the first half of 2025, the company's consolidated net cash flow from operating activities was RMB 55,764,564.89, from investing activities was -RMB 9,125,216.57, and from financing activities was -RMB 25,440,114.16 [6. Parent Company Cash Flow Statement](index=38&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) For the first half of 2025, the parent company's net cash flow from operating activities was RMB 38,612,196.58, from investing activities was -RMB 5,074,689.75, and from financing activities was RMB 3,420,647.58 [7. Consolidated Statement of Changes in Owners' Equity](index=39&type=section&id=7.%20Consolidated%20Statement%20of%20Changes%20in%20Owners%27%20Equity) As of June 30, 2025, the company's consolidated total owners' equity was RMB 251,406,404.34, with owners' equity attributable to the parent company totaling RMB 248,235,394.93, and a net loss attributable to the parent company of -RMB 54,166,907.40 for the period [8. Parent Company Statement of Changes in Owners' Equity](index=43&type=section&id=8.%20Parent%20Company%20Statement%20of%20Changes%20in%20Owners%27%20Equity) As of June 30, 2025, the parent company's total owners' equity was RMB 558,647,296.91, with a net loss of -RMB 39,049,688.67 for the period [3. Company Basic Information](index=47&type=section&id=3.%20Company%20Basic%20Information) Xi'an Catering Co., Ltd., established in 1992 and listed in 1997, has a registered capital of RMB 573,914,308.00, primarily engaged in catering and food processing, with 13 consolidated subsidiaries as of June 30, 2025 - The company was established on December 8, 1992, and listed on the Shenzhen Stock Exchange on April 30, 1997, stock code 000721[144](index=144&type=chunk) - The company's registered capital is **RMB 573,914,308.00**, with principal businesses in catering services and food processing services[144](index=144&type=chunk)[145](index=145&type=chunk) - As of June 30, 2025, the company has **13 subsidiaries** included in the scope of consolidation[145](index=145&type=chunk) [4. Basis of Financial Statement Preparation](index=47&type=section&id=4.%20Basis%20of%20Financial%20Statement%20Preparation) The company prepares its financial statements on a going concern basis, in accordance with Enterprise Accounting Standards and relevant CSRC regulations, with no significant doubts about its ability to continue as a going concern - The company prepares its financial statements on a going concern basis, in accordance with Enterprise Accounting Standards and relevant CSRC regulations[146](index=146&type=chunk) - The company has no matters or circumstances that may cause significant doubt about its ability to continue as a going concern[147](index=147&type=chunk) [5. Significant Accounting Policies and Estimates](index=47&type=section&id=5.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's accounting policies and estimates for financial statement preparation, covering accounting periods, business cycles, functional currency, materiality, business combinations, financial instruments, inventory, fixed assets, intangible assets, revenue recognition, government grants, deferred income tax, and leases - The company has formulated specific accounting policies and estimates based on its actual production and operation characteristics, addressing provisions for doubtful accounts, depreciation of fixed assets, amortization of intangible assets, and revenue recognition[148](index=148&type=chunk) - The company identifies individual construction-in-progress projects exceeding **0.1% of total assets** and an amount of **RMB 1 million** as significant construction-in-progress projects[153](index=153&type=chunk) - The company identifies subsidiaries with a shareholding of **20% or more**, or whose total assets/total revenue/total profit exceed **10% of the company's total**, as significant subsidiaries[153](index=153&type=chunk) - The company classifies financial assets into three categories: measured at amortized cost, measured at fair value through other comprehensive income, and measured at fair value through profit or loss[164](index=164&type=chunk) - The company recognizes loss provisions for financial assets measured at amortized cost, debt instrument investments measured at fair value through other comprehensive income, and financial guarantee contracts, based on expected credit losses[166](index=166&type=chunk) - The company uses the straight-line method for fixed asset depreciation, with a residual value rate of **0%**, and depreciation periods ranging from **3 to 40 years** depending on the asset category[186](index=186&type=chunk) - The company uses the straight-line method for intangible asset amortization, with no residual value, and amortization periods determined by contract or legal provisions[193](index=193&type=chunk) - The company's revenue recognition principle is to identify each distinct performance obligation within a contract and determine whether it is satisfied over time or at a point in time[201](index=201&type=chunk) - Government grants are classified as asset-related or income-related, either reducing the carrying amount of the asset, recognized as deferred income, or directly recognized in current profit or loss[205](index=205&type=chunk) [6. Taxation](index=62&type=section&id=6.%20Taxation) This section outlines the company's main tax categories and rates, including VAT, urban maintenance and construction tax, and corporate income tax, along with various tax incentives enjoyed by the company and its subsidiaries [1. Main Tax Categories and Rates](index=62&type=section&id=1.%20Main%20Tax%20Categories%20and%20Rates) The company's main taxes include VAT (13%, 9%, 6%, 5%, 3%, 1%), urban maintenance and construction tax (7%), corporate income tax (25%, 20%, 15%), education surcharge (3%), and local education surcharge (2%) Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Value-added amount generated during sales of goods or provision of taxable services | 13%, 9%, 6%, 5%, 3%, 1% | | Urban Maintenance and Construction Tax | Payable VAT | 7% | | Corporate Income Tax | Taxable income | 25%, 20%, 15% | | Education Surcharge | Payable VAT | 3% | | Local Education Surcharge | Payable VAT | 2% | Taxable Entities with Different Corporate Income Tax Rates | Taxable Entity Name | Income Tax Rate | | :--- | :--- | | Xi'an Xiyin Yami Food Production and Distribution Co., Ltd. | 20% | | Xi'an Daye Food Co., Ltd. | 15% | [2. Tax Incentives](index=62&type=section&id=2.%20Tax%20Incentives) Subsidiaries enjoy tax incentives such as a 15% corporate income tax rate for high-tech enterprises, a 10% input tax deduction for agricultural products, and a 5% additional deduction for advanced manufacturing enterprises, along with "six taxes and two fees" reductions for small and micro-enterprises - Xi'an Daye Food Co., Ltd. enjoys a **15% corporate income tax preferential rate** as a high-tech enterprise[214](index=214&type=chunk) - Xi'an Daye Food Co., Ltd. and Xi'an Xiyin Yami Food Production and Distribution Co., Ltd. enjoy a **10% input tax deduction rate** for agricultural products for VAT purposes[214](index=214&type=chunk) - Some of the company's branches and subsidiaries are eligible for the "six taxes and two fees" reduction policy for small and micro-enterprises, allowing for a **50% reduction** in relevant tax amounts[214](index=214&type=chunk) - Xi'an Daye Food Co., Ltd. and Xi'an Xiyin Yami Food Production and Distribution Co., Ltd. enjoy a policy allowing for an additional **5% deduction** of current deductible input VAT for advanced manufacturing enterprises[215](index=215&type=chunk)[216](index=216&type=chunk) [7. Notes to Consolidated Financial Statement Items](index=63&type=section&id=7.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes on consolidated financial statement items, including restricted monetary funds, bad debt provisions for receivables, decreased operating revenue, increased operating cash flow, and significant government grant contributions to other income [1. Monetary Funds](index=63&type=section&id=1.%20Monetary%20Funds) At the end of the reporting period, the company's monetary funds balance was RMB 113,839,494.28, including restricted funds of RMB 4,219,332.63, primarily co-managed funds Monetary Funds | Item | Period-end Balance (RMB) | Period-beginning Balance (RMB) | | :--- | :--- | :--- | | Cash on hand | 70,095.46 | 117,995.61 | | Bank deposits | 113,769,398.82 | 91,594,542.38 | | Total | 113,839,494.28 | 91,712,537.99 | - Restricted monetary funds amount to **RMB 4,219,332.63**, primarily co-managed funds; otherwise, monetary funds are not pledged, frozen, held overseas, or subject to potential recovery risks[218](index=218&type=chunk) [2. Accounts Receivable](index=63&type=section&id=2.%20Accounts%20Receivable) At the end of the reporting period, the company's accounts receivable had a book balance of RMB 69,477,166.01, with a bad debt provision of RMB 13,589,868.63, resulting in a carrying amount of RMB 55,887,297.38 Disclosure of Accounts Receivable by Age | Age | Period-end Book Balance (RMB) | Period-beginning Book Balance (RMB) | | :--- | :--- | :--- | | Within 1 year (inclusive) | 45,849,058.78 | 43,206,528.43 | | 1 to 2 years | 8,290,855.61 | 7,164,255.27 | | 2 to 3 years | 4,423,611.71 | 4,223,991.67 | | Over 3 years | 10,913,639.91 | 8,770,365.43 | | Total | 69,477,166.01 | 63,365,140.80 | Disclosure of Accounts Receivable Bad Debt Provision Methods by Category | Category | Period-end Book Balance (RMB) | Period-end Bad Debt Provision (RMB) | Period-end Provision Ratio | Period-end Carrying Amount (RMB) | | :--- | :--- | :--- | :--- | :--- | | Accounts receivable for which bad debt provision is made individually | 8,652,274.20 | 8,035,072.88 | 92.87% | 617,201.32 | | Accounts receivable for which bad debt provision is made by portfolio | 60,824,891.81 | 5,554,795.75 | 9.13% | 55,270,096.06 | | Total | 69,477,166.01 | 13,589,868.63 | 19.56% | 55,887,297.38 | - Bad debt provision of **RMB 519,227.81** was made in this period[228](index=228&type=chunk) [3. Other Accounts Receivable](index=65&type=section&id=3.%20Other%20Accounts%20Receivable) At the end of the reporting period, the company's other accounts receivable had a book balance of RMB 37,870,894.84, with a bad debt provision of RMB 23,638,527.55, resulting in a carrying amount of RMB 14,232,367.29 Classification of Other Accounts Receivable by Nature of Item | Nature of Item | Period-end Book Balance (RMB) | Period-beginning Book Balance (RMB) | | :--- | :--- | :--- | | Personal advances and petty cash | 2,935,830.00 | 3,696,508.89 | | Deposits/Guarantees | 8,777,414.95 | 9,293,852.95 | | Advances | 963,614.36 | 963,614.36 | | Intercompany receivables | 25,194,035.53 | 22,508,708.18 | | Total | 37,870,894.84 | 36,462,684.38 | Disclosure of Other Accounts Receivable Bad Debt Provision Methods by Category | Category | Period-end Book Balance (RMB) | Period-end Bad Debt Provision (RMB) | Period-end Provision Ratio | Period-end Carrying Amount (RMB) | | :--- | :--- | :--- | :--- | :--- | | Bad debt provision made individually | 18,627,353.23 | 18,627,353.23 | 100.00% | 0 | | Bad debt provision made by portfolio | 19,243,541.61 | 5,011,174.32 | 26.04% | 14,232,367.29 | | Total | 37,870,894.84 | 23,638,527.55 | 62.42% | 14,232,367.29 | - Bad debt provision of **RMB 225,772.70** was made in this period[250](index=250&type=chunk) [4. Prepayments](index=69&type=section&id=4.%20Prepayments) At the end of the reporting period, the company's prepayments balance was RMB 7,240,940.35, with 88.51% of prepayments having an age of within 1 year Prepayments by Age | Age | Period-end Balance (RMB) | Percentage | | :--- | :--- | :--- | | Within 1 year | 6,408,525.67 | 88.51% | | 1 to 2 years | 689,428.87 | 9.52% | | 2 to 3 years | 58,829.01 | 0.81% | | Over 3 years | 84,156.80 | 1.16% | | Total | 7,240,940.35 | | [5. Inventory](index=70&type=section&id=5.%20Inventory) At the end of the reporting period, the company's inventory carrying amount was RMB 40,222,985.56, primarily composed of raw materials, work-in-progress, finished goods, and revolving materials, with no inventory impairment provision Inventory Classification | Item | Period-end Book Balance (RMB) | Period-end Carrying Amount (RMB) | | :--- | :--- | :--- | | Raw materials | 7,617,801.77 | 7,617,801.77 | | Work-in-progress | 260,694.25 | 260,694.25 | | Finished goods | 13,154,429.15 | 13,154,429.15 | | Revolving materials | 19,190,060.39 | 19,190,060.39 | | Total | 40,222,985.56 | 40,222,985.56 | [6. Non-current Assets Due Within One Year](index=71&type=section&id=6.%20Non-current%20Assets%20Due%20Within%20One%20Year) The company had no debt investments or other debt investments due within one year during the reporting period [7. Other Current Assets](index=71&type=section&id=7.%20Other%20Current%20Assets) At the end of the reporting period, the company's other current assets balance was RMB 7,512,060.40, mainly consisting of input VAT to be deducted, prepaid income tax, and other prepaid taxes Other Current Assets | Item | Period-end Balance (RMB) | Period-beginning Balance (RMB) | | :--- | :--- | :--- | | Input VAT to be deducted | 7,231,957.88 | 7,132,548.07 | | Input VAT to be certified | | 52,426.64 | | Prepaid income tax | 279,174.80 | | | Prepaid urban maintenance and construction tax | 541.19 | 1,051.58 | | Other prepaid taxes | 386.53 | 751.13 | | Total | 7,512,060.40 | 7,186,777.42 | [8. Other Non-current Financial Assets](index=71&type=section&id=8.%20Other%20Non-current%20Financial%20Assets) At the end of the reporting period, the company's other non-current financial assets balance was RMB 15,415,747.04, representing an equity instrument investment in Xi'an Tianshun Building Joint Development Co., Ltd., with property reception procedures ongoing Other Non-current Financial Assets | Item | Period-end Balance (RMB) | Period-beginning Balance (RMB) | | :--- | :--- | :--- | | Financial assets measured at fair value through profit or loss, of which: equity instrument investments | 15,415,747.04 | 15,415,747.04 | | Total | 15,415,747.04 | 15,415,747.04 | - This asset represents the company's investment in Xi'an Tianshun Building Joint Development Co., Ltd., with a **15.38% shareholding**, and an agreement to acquire ownership of **5,300 square meters of property**; property reception procedures are currently underway[270](index=270&type=chunk)[271](index=271&type=chunk) [9. Investment Properties](index=72&type=section&id=9.%20Investment%20Properties) The company's investment properties are measured using the cost model, with a period-end carrying amount of RMB 193,827,457.94, primarily comprising buildings and land use rights, and depreciation/amortization of RMB 5,063,581.24 for the period Investment Properties Measured Using the Cost Model | Item | Buildings (RMB) | Land Use Rights (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | | I. Period-end book original cost | 317,869,651.22 | 1,489,692.39 | 319,359,343.61 | | II. Period-end accumulated depreciation and amortization | 125,094,315.12 | 437,570.55 | 125,531,885.67 | | IV. Period-end carrying amount | 192,775,336.10 | 1,052,121.84 | 193,827,457.94 | - Depreciation and amortization increased by **RMB 5,063,581.24** in this period[273](index=273&type=chunk) - The company has buildings with a carrying amount of **RMB 829,507.40** for which property certificates are being processed[277](index=277&type=chunk) [10. Fixed Assets](index=73&type=section&id=10.%20Fixed%20Assets) At the end of the reporting period, the company's fixed assets had a carrying amount of RMB 461,416,057.41, mainly consisting of buildings and machinery, with additions of RMB 231,225.38 and depreciation of RMB 13,350,595.09 for the period Fixed Assets | Item | Buildings (RMB) | Machinery and Equipment (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | | I. Period-end book original cost | 520,474,088.90 | 90,314,775.85 | 675,997,783.16 | | II. Period-end accumulated depreciation | 90,812,838.28 | 69,730,231.03 | 214,468,950.86 | | IV. Period-end carrying amount | 429,661,250.62 | 20,580,078.83 | 461,416,057.41 | - Fixed assets increased by **RMB 231,225.38** in this period, primarily due to purchases and transfers from construction-in-progress[280](index=280&type=chunk) - Depreciation of **RMB 13,350,595.09** was recognized in this period[282](index=282&type=chunk) - The company has buildings with a carrying amount of **RMB 377,690,533.66** for which property certificates are being processed[288](index=288&type=chunk) [11. Right-of-Use Assets](index=75&type=section&id=11.%20Right-of-Use%20Assets) At the end of the reporting period, the company's right-of-use assets had a carrying amount of RMB 141,192,253.07, primarily comprising buildings and machinery, with additions of RMB 48,039,174.38 and depreciation of RMB 25,109,423.97 for the period Right-of-Use Assets | Item | Land Use Rights (RMB) | Buildings (RMB) | Machinery and Equipment (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | :--- | | I. Period-end book original cost | 1,530,958.79 | 260,905,079.60 | 18,180,568.14 | 280,616,606.53 | | II. Period-end accumulated depreciation | 237,562.74 | 123,799,055.01 | 15,387,735.71 | 139,424,353.46 | | IV. Period-end carrying amount | 1,293,396.05 | 137,106,024.59 | 2,792,832.43 | 141,192,253.07 | - Right-of-use assets increased by **RMB 48,039,174.38** in this period, and depreciation of **RMB 25,109,423.97** was recognized[290](index=290&type=chunk) [12. Intangible Assets](index=76&type=section&id=12.%20Intangible%20Assets) At the end of the reporting period, the company's intangible assets had a carrying amount of RMB 216,405,204.37, primarily comprising land use rights and software use rights, with additions of RMB 48,567.38 and amortization of RMB 4,009,699.91 for the period Intangible Assets | Item | Land Use Rights (RMB) | Software Use Rights (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | | I. Period-end book original cost | 247,923,170.27 | 7,252,449.37 | 260,183,841.74 | | II. Period-end accumulated amortization | 34,282,887.47 | 4,487,697.19 | 43,778,637.37 | | IV. Period-end carrying amount | 213,640,282.80 | 2,764,752.18 | 216,405,204.37 | - Intangible assets increased by **RMB 48,567.38** in this period, and amortization of **RMB 4,009,699.91** was recognized[294](index=294&type=chunk) - The company has land use rights with a carrying amount of **RMB 4,153,902.92** for which property certificates are being processed[297](index=297&type=chunk) [13. Long-term Deferred Expenses](index=77&type=section&id=13.%20Long-term%20Deferred%20Expenses) At the end of the reporting period, the company's long-term deferred expenses balance was RMB 91,869,418.96, primarily for store renovation and improvement expenditures, with amortization of RMB 21,579,074.16 for the period Long-term Deferred Expenses | Item | Period-beginning Balance (RMB) | Amount Increased in Current Period (RMB) | Amount Amortized in Current Period (RMB) | Period-end Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | | Store renovation and improvement | 112,488,940.15 | 959,552.97 | 21,579,074.

Market Overview - On August 15, the hotel and catering sector rose by 1.17% compared to the previous trading day, with *ST Yunwang leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Stock Performance - The following stocks in the hotel and catering sector showed notable performance: - *ST Yunwang: Closed at 1.88, up 5.03% with a trading volume of 322,600 shares and a turnover of 59.82 million yuan [1] - Shoulv Hotel: Closed at 14.28, up 1.78% with a trading volume of 255,900 shares and a turnover of 361 million yuan [1] - Huatian Hotel: Closed at 3.41, up 1.49% with a trading volume of 240,900 shares and a turnover of 81.97 million yuan [1] - Other notable stocks include Tongqinglou, Jinjiang Hotel, and Junting Hotel, with varying degrees of increase [1] Capital Flow - The hotel and catering sector experienced a net inflow of 4.18 million yuan from institutional investors, while retail investors contributed a net inflow of 16.05 million yuan [1] - The following details highlight the capital flow for specific stocks: - *ST Yunwang: Institutional net inflow of 19.30 million yuan, retail net outflow of 9.30 million yuan [2] - Shoulv Hotel: Institutional net inflow of 15.02 million yuan, retail net outflow of 6.92 million yuan [2] - Huatian Hotel: Retail net inflow of 0.65 million yuan despite institutional net outflow [2] - Other stocks like Xianyin Food and Junting Hotel showed significant retail inflows despite institutional outflows [2]

Core Points - The Shanghai Composite Index closed at 3666.44 points, slightly down by 0.46%, with a total trading volume of 23062.83 billion yuan [1] - A total of 11 A-shares have surpassed their annual line, with notable stocks showing significant deviation rates, including *ST Xinyuan at 4.65%, *ST Huarong at 4.40%, and Meihua Medical at 2.93% [1] Summary by Category Market Performance - The Shanghai Composite Index is above the annual line, indicating a positive market sentiment despite a minor decline [1] - The total trading volume for A-shares reached 23062.83 billion yuan, reflecting active market participation [1] Stocks Surpassing Annual Line - The stocks with the highest deviation rates include: - *ST Xinyuan: 11.82% increase, 19.23% turnover rate, annual line at 6.06 yuan, latest price at 6.34 yuan, deviation rate of 4.65% [1] - *ST Huarong: 4.94% increase, 0.45% turnover rate, annual line at 7.12 yuan, latest price at 7.43 yuan, deviation rate of 4.40% [1] - Meihua Medical: 3.05% increase, 14.95% turnover rate, annual line at 20.34 yuan, latest price at 20.94 yuan, deviation rate of 2.93% [1] - Other notable stocks with lower deviation rates include: - Hongtaiyang: 2.77% increase, 5.00% turnover rate, annual line at 6.86 yuan, latest price at 7.04 yuan, deviation rate of 2.60% [1] - Xi'an Catering: 3.37% increase, 9.97% turnover rate, annual line at 8.77 yuan, latest price at 8.89 yuan, deviation rate of 1.37% [1] - Supor: 1.27% increase, 0.29% turnover rate, annual line at 51.39 yuan, latest price at 51.90 yuan, deviation rate of 1.00% [1]

Core Viewpoint - The A-share market shows a slight decline with the Shanghai Composite Index at 3677.06 points, down by 0.17%, while the total trading volume reached 1,893.89 billion yuan, indicating a mixed performance among stocks breaking through the annual line [1] Group 1: Market Performance - As of 13:59 today, the Shanghai Composite Index is at 3677.06 points, with a decrease of 0.17% [1] - The total trading volume of A-shares today is 1,893.89 billion yuan [1] Group 2: Stocks Breaking Through Annual Line - A total of 16 A-shares have surpassed the annual line today, with notable stocks including *ST Xin Yuan, *ST Hua Rong, and Meihao Medical, showing significant deviation rates of 5.64%, 4.40%, and 2.63% respectively [1] - Stocks with smaller deviation rates that have just crossed the annual line include Zhongke Ruankai, Tianwei Food, and Yongzhen Co., with minimal deviation percentages [1] Group 3: Deviation Rate Rankings - The top three stocks with the highest deviation rates are: - *ST Xin Yuan: 12.87% increase, 14.89% turnover rate, annual line at 6.06 yuan, latest price at 6.40 yuan, deviation rate of 5.64% [1] - *ST Hua Rong: 4.94% increase, 0.45% turnover rate, annual line at 7.12 yuan, latest price at 7.43 yuan, deviation rate of 4.40% [1] - Meihao Medical: 2.76% increase, 12.60% turnover rate, annual line at 20.34 yuan, latest price at 20.88 yuan, deviation rate of 2.63% [1]