Financial Performance - The company reported a negative net asset value at the end of 2022, leading to a warning of delisting risk from the Shenzhen Stock Exchange[8]. - The annual report received an audit opinion of "unable to express" from Zhongxing Caiguanghua Accounting Firm, indicating significant issues with financial reporting[8]. - The company did not distribute cash dividends or issue bonus shares for the year 2022[10]. - The company's operating revenue for 2022 was ¥276,940,562.41, a decrease of 29.50% compared to ¥392,849,194.82 in 2021[25]. - The net profit attributable to shareholders was -¥65,965,984.94, representing a decline of 358.96% from -¥14,372,990.07 in the previous year[25]. - The total assets at the end of 2022 were ¥853,688,445.44, a decrease of 6.11% from ¥909,239,979.41 at the end of 2021[25]. - The company reported a basic earnings per share of -¥0.25, a decline of 400.00% from -¥0.05 in 2021[25]. - The weighted average return on equity was -2,996.98%, down from -33.92% in the previous year[25]. - The company’s beer revenue for 2022 was ¥276,465,962.41, a decrease of 29.52% compared to the same period last year[47]. - The gross profit margin for beer was 14.83%, down 8.66% year-on-year[47]. - The total sales volume of beer decreased by 30.54% to 53,063.17 tons in 2022[48]. - The company reported a net loss attributable to shareholders of CNY 65.97 million for the year 2022, with total equity attributable to shareholders at CNY -30.78 million as of December 31, 2022[171]. Internal Control and Governance - The internal control audit report issued a negative opinion, highlighting deficiencies in the company's internal controls[8]. - The board of directors and supervisory board have expressed concerns regarding the accuracy and completeness of the annual report[6]. - The company has established independent financial management and accounting systems, ensuring compliance with accounting standards[89]. - The internal control audit report revealed that the company failed to maintain effective financial internal controls in all material respects as of December 31, 2022, leading to a negative opinion from the auditing firm[134]. - The company has established a corrective action plan to address the identified issues and enhance its internal control framework moving forward[130]. - The independent directors emphasized the importance of adhering to regulatory standards and improving the company's governance structure, which is crucial for maintaining investor confidence[116]. - The company confirmed that its governance practices align with legal and regulatory requirements without significant discrepancies[88]. - The company has a structured remuneration management system for its directors and senior management, ensuring alignment with performance[104]. Legal and Regulatory Issues - The company is currently under multiple risk warnings from the Shenzhen Stock Exchange due to financial irregularities[9]. - The company is facing risks of insolvency and potential bankruptcy due to ongoing legal issues and financial instability[78]. - The company is actively seeking debt resolution and legal defense to protect its rights amid ongoing litigation[78]. - The company is involved in a lawsuit requesting repayment of 80 million yuan, with interest amounting to 6.4 million yuan[185]. - The company has been involved in multiple legal disputes, which could lead to potential liabilities and affect investor confidence[188]. - The ongoing litigation may also impact the company's market expansion and product development strategies[187]. - The company has reported a total of CNY 1580 million in claims related to overdue debts[186]. - The company has received a regulatory notice regarding non-operating fund occupation by the controlling shareholder, requiring measures to prevent similar issues in the future[161]. Market and Product Development - The company plans to enhance its marketing system and expand its digital sales channels to improve brand influence and market reach[37]. - The new product "3650" was launched to diversify the product line and cater to younger consumers, overcoming challenges posed by high-altitude brewing[38]. - The company plans to enhance its distribution channels in the Tibet region and develop new products to meet the diverse needs of younger consumers[74]. - The company is focusing on upgrading production facilities to improve capacity and product quality[77]. - The company is considering strategic acquisitions to enhance its competitive position, with a budget allocation of 300 million yuan for potential deals[183]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on expanding the product line in the next quarter[183]. Financial Management and Debt Recovery - The company has established a project team to track the progress of debt recovery and ensure the execution of repayment plans[168]. - The company plans to resolve 100 million CNY of outstanding debts through asset disposal by December 30, 2022, and the remaining amount by June 15, 2023[156]. - The company has committed to enhancing communication and collection efforts regarding outstanding debts to mitigate negative impacts on its development[158]. - The company has not fulfilled its commitment to resolve outstanding receivables by the stipulated deadline[158]. - The company has reported a total receivable from Lhasa Beer of 270,351,701.39 CNY as of December 31, 2022, which was not repaid on time[155]. Employee and Management Structure - The total number of employees at the end of the reporting period was 258, with 201 in production and 11 in sales[121]. - The company emphasizes employee training and development, offering various training programs to enhance skills and management quality[124]. - The company has a performance-oriented incentive salary policy, linking employee compensation to operational performance and individual contributions[123]. - The company has a diverse board with independent directors contributing to governance, including Li Tianlin and Sun Yangsheng[106]. Environmental and Social Responsibility - The company contributed over CNY 20,000 to establish a public tree-planting base in 2022, enhancing local environmental efforts[149]. - Tibet Development Company implemented energy-saving and emission-reduction measures, promoting sustainable development[147]. - Lhasa Beer Co. has a wastewater treatment facility with a design capacity of 2000 m³/d, meeting the company's wastewater treatment requirements[140]. Future Outlook - The company has set a revenue guidance of 3,000 million yuan for the upcoming fiscal year, projecting a growth rate of approximately 7%[183]. - The company is committed to improving operational efficiency, targeting a reduction in costs by 5%[184]. - The company provided a positive outlook for the upcoming year, projecting a revenue growth of 10%[184].

Financial Performance - The company's operating revenue for Q3 2022 was ¥29,963,902.23, a decrease of 74.26% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥24,967,069.44, representing a decline of 731.44% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥17,196,819.71, down 369.77% from the previous year[7]. - The basic earnings per share for Q3 2022 was -¥0.09, reflecting an 800.00% decline year-on-year[7]. - The total operating income for the first three quarters of 2022 was ¥214,811,165.78, down 29.75% from the same period in 2021[10]. - The net profit attributable to the parent company was a loss of CNY 42,800,817.51, representing a 224.33% increase in loss compared to a loss of CNY 13,196,557.65 in the same period last year[11]. - Sales revenue for the first three quarters of 2022 was CNY 236,895,306.50, down 23.14% from CNY 308,213,090.98 in the first three quarters of 2021, largely due to pandemic-related sales declines[11]. - Net profit for Q3 2022 was a loss of CNY 40.45 million, compared to a profit of CNY 15.18 million in Q3 2021[26]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥891,076,315.14, a decrease of 2.00% compared to the end of the previous year[7]. - The company's equity attributable to shareholders decreased to -¥7,616,743.47, a decline of 121.65% compared to the end of the previous year[10]. - The company's total assets decreased to CNY 891.08 million from CNY 909.24 million at the end of the previous quarter[24]. - Total liabilities increased to CNY 563.30 million, up from CNY 541.02 million in the previous quarter[24]. - The equity attributable to shareholders of the parent company was a negative CNY 7.62 million, compared to a positive CNY 35.18 million in the previous quarter[24]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥4,578,537.99, an increase of 131.63% compared to the previous year[7]. - Cash received from operating activities decreased by 60.31% to CNY 7,984,817.25 from CNY 20,115,535.67, attributed to reduced sales and other cash receipts[11]. - Operating cash inflow for the current period was CNY 245,462,035.84, down 25.2% from CNY 328,328,626.65 in the previous period[28]. - Net cash flow from operating activities turned positive at CNY 4,578,537.99, compared to a negative CNY 14,476,642.91 in the previous period[28]. - The ending balance of cash and cash equivalents was CNY 15,434,906.87, up from CNY 14,579,396.60 in the previous period[29]. Expenses and Costs - The operating cost for Q3 2022 was CNY 180,434,651.01, a decrease of 23.30% compared to CNY 235,236,195.34 in Q3 2021, primarily due to reduced sales impacted by the pandemic[11]. - Management expenses increased by 50.34% to CNY 18,387,875.64 from CNY 12,231,080.72, mainly due to higher intermediary fees during the reporting period[11]. - The company reported a decrease in tax expenses by 82.08% to CNY 1,000,080.85 from CNY 5,580,765.85, primarily due to reduced sales and increased bad debt provisions[11]. Strategic Initiatives - The company signed a strategic cooperation framework agreement with Chongqing Zhongjieneng Industrial Co., Ltd. on May 18, 2022, although it does not impose binding obligations[15]. - The company signed a cooperation framework agreement with the People's Government of Dujiangyan City on June 2, 2022, which is a preliminary agreement and requires further formal agreements for implementation[16]. - The company proposed to invest up to 45 million yuan in a new bottling production line at its Lhasa facility, with a construction period not exceeding one year[17]. - The company plans to enhance its market expansion efforts and invest in new product development to improve financial performance moving forward[25]. Legal and Governance - The company is undergoing a legal process regarding a dispute with Tibet Yuanzheng Packaging Co., Ltd., with arbitration proceedings initiated[20]. - The company has appointed Beijing Tongshang (Chengdu) Law Firm to provide legal services for rectification matters related to its subsidiary, Tibet Lhasa Beer Co., Ltd.[17]. - The company is in the process of selecting a new board secretary following the resignation of the previous secretary due to personal reasons[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,570, with no preferred shareholders[13]. - The major shareholder, Tibet State-owned Capital Investment Operation Co., Ltd., plans to reduce its holdings by up to 5,260,000 shares (2% of total shares) within six months, subject to market conditions[16].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥184,847,263.55, a decrease of 2.41% compared to ¥189,407,517.79 in the same period last year[21]. - The net loss attributable to shareholders was ¥17,833,748.06, representing a 74.95% increase in loss compared to ¥10,193,673.98 in the previous year[21]. - The basic and diluted earnings per share were both -¥0.07, a decrease of 75.00% compared to -¥0.04 in the previous year[21]. - The company's total revenue for the reporting period was ¥184,847,263.55, a decrease of 2.41% compared to ¥189,407,517.79 in the previous year[41]. - The company's total liabilities increased to ¥555,660,839.71 as of June 30, 2022, from ¥541,021,988.83 at the beginning of the year, representing a rise of 2.2%[152]. - The company's equity attributable to shareholders decreased to CNY 17,350,325.98 as of June 30, 2022, from CNY 35,184,074.04 at the beginning of the year, a decline of 50.8%[152]. - The company reported a net loss of CNY 17,833,748.06 for the first half of 2022, compared to a net loss of CNY 1,585,206.93 in the same period of 2021[157]. - The total comprehensive income for the period was -4,626,771.94, down from 7,465,919.62, highlighting a significant decline in overall financial health[159]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥14,661,360.38, a 357.02% increase from -¥5,704,400.21 in the same period last year[21]. - The company's cash and cash equivalents increased by 239.38% to ¥7,984,360.38, due to reduced tax payments and other outgoing payments[41]. - The ending cash and cash equivalents balance increased to ¥36,297,220.23 from ¥23,351,639.30 year-over-year, reflecting improved liquidity[166]. - The company reported a net increase in cash and cash equivalents of ¥7,984,360.38 for the first half of 2022, contrasting with a decrease of ¥5,728,450.21 in the same period of 2021, indicating a positive cash flow trend[166]. Operational Challenges - There are ongoing concerns regarding the collection of receivables from subsidiaries, particularly from Tibet Lhasa Beer Co., Ltd., which remains unresolved[4]. - The company faces risks related to its internal control system, which has been flagged by auditors, impacting the reliability of financial reporting[4]. - The company is facing pressure for transformation and upgrading due to increasing competition and changing consumer preferences towards high-quality beer[32]. - The company is facing operational risks due to rising costs of raw materials and production factors, which may negatively impact profitability[61]. Sales and Marketing Strategy - The company plans to leverage over 30 years of brewing technology to enhance production capacity and product upgrades while expanding its market presence beyond Tibet[32]. - The company is focusing on digital channels and e-commerce platforms to improve its marketing system and brand influence[32]. - The sales model includes both direct sales and distributor sales, aiming to maximize financial benefits through a combination of both approaches[33]. - The company has reduced the number of distributors in the Tibet region by 73 to optimize sales management and prevent competition and channel conflicts[35]. Legal and Regulatory Issues - The company is actively pursuing legal action and negotiating with creditors to resolve debt issues and protect its legal rights[62]. - The company is facing significant litigation risks, with a notable case involving a claim of CNY 28.68 million against it[95]. - The company has been involved in multiple legal proceedings regarding loan disputes since 2018[97][98]. - The company is seeking to recover debts through legal channels, with ongoing enforcement actions in place[100]. Environmental and Social Responsibility - The subsidiary Lhasa Beer has established wastewater treatment facilities with a design capacity of 2000 m³/d, ensuring compliance with wastewater treatment requirements[72]. - The pollution control facilities at Lhasa Beer have a 100% operational rate, with complete records of operation maintained[72]. - The company emphasizes employee development through training programs, ensuring fair opportunities for growth and promotion[74]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[73]. Future Plans and Commitments - The company plans to enhance its marketing system and develop new products to meet the evolving consumer demands in the beer industry[61]. - The company commits to distribute cash dividends amounting to no less than 30% of the average distributable profits over the last three years, subject to conditions of normal operations and cash flow requirements[80]. - The company plans to resolve CNY 100 million of outstanding debts by December 30, 2022, and the remaining CNY 170,351,701.39 by June 15, 2023[81]. - The company aims to eliminate the impact of the qualified opinion by the end of 2022, contingent on the successful implementation of its recovery measures[93].

Financial Performance - The company's operating revenue for 2021 was approximately ¥392.85 million, a decrease of 3.08% compared to ¥405.33 million in 2020[21]. - The net profit attributable to shareholders for 2021 was a loss of approximately ¥14.37 million, representing a decline of 202.28% from a profit of ¥14.05 million in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥151,873.25, down 104.77% from a profit of ¥3.19 million in 2020[21]. - The basic earnings per share for 2021 was -¥0.05, a decrease of 200.00% compared to ¥0.05 in 2020[21]. - The total assets at the end of 2021 were approximately ¥909.24 million, a slight decrease of 0.70% from ¥915.69 million at the end of 2020[21]. - The net assets attributable to shareholders decreased by 29.00% to approximately ¥35.18 million from ¥49.56 million at the end of 2020[21]. - The company reported a significant non-recurring loss of -¥331,807,873.97 in Q3 2021, impacting overall profitability[28]. - The company's total operating revenue for 2021 was ¥392,849,194.82, a decrease of 3.08% compared to ¥405,330,702.33 in 2020[42]. - Direct sales revenue decreased by 40.68% to ¥13,203,646.02, while distributor sales revenue decreased by 0.73% to ¥379,645,548.80[42]. - The gross profit margin for the main beer business was 23.49%, a slight decrease of 0.20% from the previous year[44]. Cash Flow and Investments - The net cash flow from operating activities improved to approximately ¥36.17 million, a significant increase of 172.38% from a negative cash flow of ¥49.97 million in 2020[21]. - The operating cash inflow decreased by 2.59% year-on-year to ¥448,859,611.84, while operating cash outflow decreased by 19.20% to ¥412,691,481.88[56]. - Investment activity cash inflow decreased by 100% year-on-year, as no investment activities occurred during the reporting period[56]. - The net increase in cash and cash equivalents decreased by 99.75% year-on-year, primarily due to reduced payments to suppliers and other parties[58]. - The company's long-term equity investments decreased by 0.97% year-on-year, totaling ¥238,557,433.50, which is 26.24% of total assets[63]. Operational Challenges - The company faces significant uncertainties regarding its financial information, particularly related to its subsidiary, Lhasa Beer, which has large uncollectible receivables[4]. - The company received a negative opinion on internal controls from its auditor, which has led to continued risk warnings on its stock trading[5]. - The company identified significant internal control deficiencies related to financial management at its subsidiary, Lhasa Beer, and is taking corrective actions[118]. - The company is actively working to improve management control over its subsidiaries, particularly Lhasa Beer, to address financial oversight issues[119]. - The company is facing competitive pressure from emerging breweries in the region, necessitating a focus on capacity enhancement and product upgrades[35]. Governance and Compliance - The company has maintained a stable management team with no significant turnover in key positions during the reporting period[93]. - The board of directors includes members with extensive backgrounds in management and investment, enhancing the company's strategic direction[94]. - The company confirmed no significant discrepancies between its governance practices and regulatory requirements[86]. - The company has a structured approach to determining the remuneration of its board members, based on performance and market standards[99]. - The company is committed to transparency in its financial reporting and governance practices, as evidenced by detailed disclosures in its reports[99]. Legal Matters - The company is involved in a significant lawsuit with a claim amounting to 368.46 million RMB, which has not been recognized as a liability[159]. - The company has been involved in multiple legal proceedings, including appeals and requests for retrials, with the latest ruling from the Sichuan Provincial High People's Court rejecting the company's retrial application in May 2020[162]. - The ongoing legal challenges may affect the company's market expansion and strategic initiatives moving forward[162]. - The company is actively monitoring the outcomes of these legal proceedings to assess their potential impact on future operations and financial health[162]. - The company has communicated its legal challenges through public announcements, ensuring transparency with stakeholders regarding ongoing litigation[161]. Future Outlook and Strategies - The company plans to enhance its product structure and focus on high-end beer production to adapt to market trends[31]. - The company aims to leverage e-commerce platforms to promote digital channels and expand its market beyond Tibet[35]. - The company plans to continue strengthening its market position and expanding its reach in new markets[39]. - The company is committed to resolving these disputes while maintaining its focus on core business operations and strategic growth[162]. - The company plans to raise up to ¥314,136,362 through a non-public offering of A-shares to repay debts, pending shareholder approval and regulatory approval[197].

Financial Performance - The company’s operating revenue for 2021 was ¥392,849,194.82, a decrease of 3.08% compared to ¥405,330,702.33 in 2020[22]. - The net profit attributable to shareholders for 2021 was -¥14,372,990.07, representing a decline of 202.28% from ¥14,052,996.41 in 2020[22]. - The net cash flow from operating activities improved to ¥36,168,129.96 in 2021, a significant increase of 172.38% compared to -¥49,968,631.36 in 2020[22]. - The total assets at the end of 2021 were ¥909,239,979.41, a slight decrease of 0.70% from ¥915,687,317.49 at the end of 2020[22]. - The net assets attributable to shareholders decreased by 29.00% to ¥35,184,074.04 at the end of 2021 from ¥49,557,064.11 at the end of 2020[22]. - The company reported a basic earnings per share of -¥0.05 for 2021, a decline of 200.00% from ¥0.05 in 2020[22]. - The weighted average return on equity was -33.92% in 2021, a decrease of 66.96% from 33.04% in 2020[22]. - The company experienced a negative net profit after deducting non-recurring gains and losses for the recent three accounting years[23]. Audit and Internal Control Issues - The audit report from Zhongxing Caiguanghua Accounting Firm included a qualified opinion regarding going concern, indicating potential risks for the company's future operations[6]. - The company has been subject to additional risk warnings and delisting risk due to the negative opinion on internal controls from the auditing firm[6]. - Significant internal control deficiencies were identified related to the financial management of the subsidiary, Lhasa Beer, particularly concerning large receivables[118]. - The internal control audit report issued a negative opinion due to the presence of significant defects in financial reporting controls[122]. - The company failed to maintain effective financial internal controls as of December 31, 2021, according to the internal control audit report[124]. - The board of directors acknowledges the adverse impact of the audit report's qualified opinion and is committed to resolving the issues promptly[149]. Shareholder Engagement and Governance - The company held 6 shareholder meetings during the reporting period[85]. - A total of 11 board meetings were convened, complying with legal and regulatory requirements[85]. - The supervisory board conducted 6 meetings, adhering to the relevant laws and regulations[85]. - The company ensures equal access to information for shareholders through designated disclosure platforms[85]. - The annual shareholders meeting had a participation rate of 30.77% on June 4, 2021, where key reports and proposals were approved, including the 2020 financial report and the three-year shareholder return plan for 2021-2023[90]. - The company is actively engaging with shareholders to ensure transparency and alignment on future strategies and financial performance[90]. Market and Operational Strategy - The company aims to enhance its product structure and focus on high-end beer production to improve profitability in a competitive market[33]. - The company plans to enhance its brand influence and expand its market presence outside Tibet, leveraging its established brand advantages and digital channels[36]. - The company aims to optimize its management system and improve its marketing framework to adapt to the competitive landscape and consumer preferences[36]. - The company plans to deepen its main business in the Tibet region and develop new products to meet the diverse market demands of younger consumers[75]. Legal and Financial Challenges - The company is involved in a lawsuit with a claim amount of 368.46 million yuan regarding a loan repayment dispute[158]. - The company has been involved in multiple legal disputes, indicating potential financial implications[159]. - The company is actively managing its legal disputes to mitigate financial impacts[167]. - The company has reported ongoing litigation that may affect its financial position and operational focus[172]. - The company is involved in a complex legal environment with multiple cases that could impact its future financial performance[173]. Debt and Receivables Management - The company has established a project team to track the progress of debt recovery and ensure effective execution of repayment plans[143]. - As of December 31, 2021, the company had overdue receivables totaling CNY 515.94 million, with a repayment plan in place from the debtors[147]. - The company is actively communicating with creditors to resolve historical litigation issues and improve its operational status[142]. - The company anticipates that the impact of ongoing litigation will be eliminated by the end of 2022 if the proposed measures are effectively implemented[143]. Environmental and Regulatory Compliance - The company has established a wastewater treatment facility with a design capacity of 2,000 m³/d, achieving a 100% operational rate for pollution control equipment[127]. - The company has implemented measures for energy conservation and emission reduction, aligning with national green development initiatives[130]. - The company has no reported administrative penalties for environmental issues during the reporting period[128]. - The company was notified of an administrative penalty by the Tibet Regulatory Bureau of the China Securities Regulatory Commission, involving a warning and a fine of 600,000 yuan[197]. Future Outlook and Strategic Plans - The company plans to raise a total of approximately ¥314,136,362 through a non-public offering of A-shares, with the net proceeds intended for debt repayment[183]. - The company has decided to temporarily abandon the commercial opportunity for a 300,000-ton beer expansion project in Lhasa Economic and Technological Development Zone, with plans to acquire 100% of the project company by December 31, 2024[195]. - The company is seeking to recover debts from multiple defendants, including joint liability claims[158].

2022年4月 西藏发展股份有限公司 2022年第一季度报告全文 First quarter report of 2022 1 / 西藏发展股份有限公司 西藏发展股份有限公司 2022 年第一季度报告 重要内容提示: 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 111,723,030.26 | 95,713,012.50 | 16.73% | | 归属于上市公司股东的净利润（元） | -8,057,707.43 | -6,210,655.19 | -29.74% | | 归属于上市公司股东的扣除非经常性 损益的净利润（元） | -235,099.69 | 2,617,995.41 | -108.98% | | 经营活动产生的现金流量净额（元） | 7,217,422.05 | -12,560,091.11 | 157.46% | | 基本每股收益（元/股） | -0.03 | -0.02 | -50.00% | | 稀释每股收益（元/股 ...

2022年4月 西藏发展股份有限公司 2022年第一季度报告正文 First quarter report of 2022 1 / 西藏发展股份有限公司 西藏发展股份有限公司 2022 年第一季度报告 重要内容提示: 董事、监事、高级管理人员是否存在对季度报告内容存在异议或无法保证其真实、准确、完整的情况 是 □ 否 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 111,723,030.26 | 95,713,012.50 | 16.73% | | 归属于上市公司股东的净利润（元） | ...

Third quarter report of 2021 2021年第三季度报告全文 西藏发展股份有限公司 2021 年 10月 1 / 西藏发展股份有限公司 第三季度报告 Third quarter report of 2021 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 董事、监事、高级管理人员是否存在对季度报告内容存在异议或无法保证其真实、准确、完整的情况 □ 是 √ 否 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计。 □ 是 √ 否 4.审计师发表非标意见的事项 □ 适用 √ 不适用 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末比上 ...

Financial Performance - The company's operating revenue for the first quarter of 2021 was ¥95,713,012.50, representing a 105.93% increase compared to ¥46,478,635.95 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was -¥6,210,655.19, a 72.89% improvement from -¥22,906,063.13 year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,617,995.41, a significant increase of 161.99% from -¥4,223,121.40 in the previous year[9]. - The total comprehensive income attributable to shareholders improved to -¥6,210,655.19, reflecting a 72.89% increase from -¥22,906,063.13 in the previous year[18]. - The company reported a total profit of CNY 5,311,710.13, compared to a loss of CNY 20,559,290.50 in the previous period, marking a turnaround[75]. Cash Flow and Assets - The net cash flow from operating activities was -¥12,560,091.11, showing a 10.01% improvement compared to -¥13,956,707.65 in the same period last year[9]. - Cash received from sales of goods and services surged to ¥108,163,229.98, a 236.50% increase from ¥32,143,696.00 in Q1 2020, indicating strong recovery in sales[19]. - The ending cash and cash equivalents balance was 16,527,387.14 CNY, down from 29,092,128.25 CNY at the beginning of the period[84]. - The total current assets increased to ¥593,277,772.01 from ¥547,835,214.27, marking an increase of about 8.3%[66]. - The company's cash and cash equivalents decreased to ¥18,592,119.66 from ¥29,092,128.25 as of December 31, 2020, representing a decline of approximately 36.3%[66]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,389[12]. - The basic earnings per share improved to -¥0.02 from -¥0.09, marking a 77.78% increase[9]. - The net assets attributable to shareholders decreased by 12.53% to ¥43,346,408.91 from ¥49,557,064.11 at the end of the previous year[9]. Legal Matters - The company has faced multiple lawsuits, including a significant case where the court ruled in favor of the company, dismissing claims for joint liability on certain debts[20][21][23]. - The company is involved in multiple lawsuits, including a loan dispute where it is requested to repay 20 million RMB and overdue interest of 6,826,666 RMB[33]. - The company has identified a total of 313.45 million RMB in unauthorized commercial acceptance bills, with 82.2 million RMB already subject to lawsuits[41]. - The company has been ordered to pay 200,000 RMB in a separate lawsuit regarding a commercial acceptance bill[35]. Market and Growth Strategy - The company expects a revenue growth of 10% for the next quarter, projecting a total revenue of 1.65 billion yuan[13]. - New product launches are planned for Q2 2021, including two innovative tech products aimed at expanding market share[13]. - The company is focusing on market expansion in Southeast Asia, targeting a 25% increase in market penetration by the end of 2021[13]. - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a budget of 500 million yuan allocated for this purpose[13]. Operational Efficiency - The gross margin for Q1 2021 was reported at 45%, a slight increase from 43% in Q1 2020[17]. - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[17]. - The company has implemented cost-cutting measures that are projected to save approximately 100 million yuan annually[13]. Compliance and Governance - The company has committed to maintaining independence in personnel, assets, finance, and operations, ensuring no competition with its subsidiaries[50]. - The company is actively monitoring and managing any potential conflicts of interest with its controlling shareholders and related parties[51]. - The company is committed to transparency in disclosing any related party transactions in accordance with legal regulations[51].

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 189,407,517.79, representing a year-on-year increase of 29.37% compared to RMB 146,411,285.13 in the same period last year[19]. - The net profit attributable to shareholders of the listed company improved to a loss of RMB 10,193,673.98, a 74.48% reduction from the loss of RMB 39,946,125.04 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 5,193,408.31, a significant increase of 276.34% compared to a loss of RMB 2,945,127.76 in the same period last year[19]. - The net cash flow from operating activities was a negative RMB 5,704,400.21, showing a 90.19% improvement from a negative RMB 58,120,777.56 in the previous year[19]. - The company's total revenue for the reporting period reached ¥189,407,517.79, representing a year-on-year increase of 29.37% compared to ¥146,411,285.13 in the previous year[38]. - The company's beer segment generated revenue of ¥189,138,314.26, representing a 29.39% increase compared to the previous year[41]. - The company reported a significant reduction in financial expenses, down 58.75% to ¥12,179,697.24, due to the resolution of legal cases and reduced interest expenses[38]. - The company reported a net profit for the first half of 2021 of CNY 7.47 million, a significant recovery from a net loss of CNY 28.05 million in the same period of 2020[152]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 936,426,704.60, reflecting a 2.26% increase from RMB 915,687,317.49 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 20.57% to RMB 39,363,390.13 from RMB 49,557,064.11 at the end of the previous year[19]. - The company's cash and cash equivalents decreased to ¥25,418,808.27, down 0.47% from the previous year[46]. - The company's total liabilities increased to CNY 569,376,976.25 from CNY 556,103,508.76, representing a rise of approximately 2.5%[145]. - The total equity attributable to the parent company's owners at the end of the reporting period was 263.7 million, with a decrease of 39.94 million compared to the previous period[171]. Sales and Market Strategy - The sales model includes both direct sales and distributor sales, aiming to maximize financial efficiency while expanding market reach[27]. - The company reported a recovery in the beer market, leading to a significant increase in main business revenue driven by industry performance[27]. - Direct sales revenue decreased by 42.33% to ¥8,968,665.49, while distributor sales increased by 37.93% to ¥180,169,648.77, indicating a shift in sales strategy[32]. - The revenue from the main product, regular bottled beer (628ml*12), increased by 13.48% to ¥104,931,384.21, with a gross margin of 33.75%[32]. - The company plans to enhance its marketing system and expand its market presence outside the region, leveraging its brand advantages and digital channels[29]. Legal and Regulatory Issues - The company is currently facing multiple lawsuits, with some cases already adjudicated and others still in process, which may significantly impact its financial status[57]. - The company has engaged lawyers to actively respond to lawsuits and is negotiating debt settlements with creditors[59]. - The company has faced various legal challenges, with claims totaling over 1 billion yuan across multiple cases[88]. - The company is actively involved in litigation to recover debts, reflecting ongoing financial disputes with several entities[88]. - The company is involved in multiple legal cases that may impact its financial obligations and cash flow[90]. Environmental and Social Responsibility - The company has established a strict monitoring system for wastewater and air pollutants, with quarterly third-party testing[72]. - The subsidiary, Lhasa Beer, has a wastewater treatment facility with a design capacity of 2000 m³/d, operating at 100% efficiency[69]. - The company has developed a detailed emergency response plan for environmental incidents at its subsidiary Lhasa Beer[71]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[74]. Shareholder and Capital Structure - The company plans to raise up to ¥314,136,362 through a non-public offering of A-shares to repay debts[58]. - The non-public issuance requires approval from the shareholders' meeting and the China Securities Regulatory Commission[124]. - The total number of ordinary shareholders at the end of the reporting period was 26,537[130]. - The largest shareholder, Tibet Shengbang Holdings Co., Ltd., holds 12.74% of the shares, amounting to 33,613,192 shares[130]. Future Outlook and Strategy - The company plans to enhance its brand influence and expand its market presence through digital channels and product upgrades[56]. - The financial guidance for the next period suggests a cautious outlook due to market uncertainties[176]. - The company indicated a focus on improving operational efficiency in the upcoming quarters[176]. - The company is actively working to resolve its debt crisis by hiring professional lawyers and communicating with creditors[185].