Revenue and Profitability - The company's revenue for Q1 2021 reached ¥1,134,006,251, representing a 40.75% increase compared to ¥805,715,048 in the same period last year[3] - Net profit attributable to shareholders was ¥286,745,340, up 22.28% from ¥234,499,910 year-on-year[3] - The basic earnings per share increased to ¥0.42, a rise of 23.53% compared to ¥0.34 in the previous year[3] - The company reported a significant increase in R&D expenses, which rose to CNY 1,322,003 from CNY 717,857, an increase of approximately 84.4%[25] - Operating profit for the current period was CNY 384,836,956, compared to CNY 312,504,138 in the previous period, showing an increase of about 23.1%[25] - The total profit for the current period was CNY 386,232,582, up from CNY 315,151,626, representing a growth of approximately 22.6%[26] - The company’s total comprehensive income for the current period was CNY 278,158,000, compared to CNY 225,946,921 in the previous period, indicating an increase of about 22.9%[26] Cash Flow and Liquidity - Cash flow from operating activities was ¥314,895,523, compared to a negative cash flow of ¥118,493,699 in the same period last year[3] - The cash inflow from operating activities reached CNY 1,143,967,450, a significant increase from CNY 798,049,059 in the previous period, representing a growth of approximately 43.3%[31] - The net cash flow from operating activities was CNY 314,895,523, compared to a negative cash flow of CNY -118,493,699 in the same period last year, indicating a turnaround[31] - The net increase in cash and cash equivalents was CNY 233,865,995, contrasting with a decrease of CNY -219,888,455 in the previous year[32] - The total cash and cash equivalents at the end of the period stood at CNY 1,286,531,101, up from CNY 1,177,511,014 at the end of the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,456,572,813, reflecting a 2.70% increase from ¥13,102,481,541 at the end of the previous year[3] - Total liabilities rose to CNY 2,676,627,857, compared to CNY 2,598,050,907, indicating an increase of around 3%[19] - Current liabilities decreased slightly to CNY 2,212,767,203 from CNY 2,244,942,746, a reduction of approximately 1.4%[19] - Owner's equity increased to CNY 10,779,944,956 from CNY 10,504,430,634, marking a growth of about 2.6%[20] - The company’s total liabilities increased by CNY 125,716,975 due to the new leasing liabilities[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,529, with the largest shareholder, Yantai Zhangyu Group Co., Ltd., holding 50.40% of the shares[6] - The total equity attributable to shareholders reached CNY 10,267,832,644, with retained earnings of CNY 8,714,091,755[37] Expenses and Costs - Total operating costs amounted to CNY 763,383,605, up from CNY 503,718,024, indicating a rise of about 51.5%[25] - Marketing expenses surged by 79.84% due to increased investment in marketing efforts[10] - Financial expenses increased by 58.18% as a result of the new leasing standards implemented in 2021[10] - The company experienced a decrease in investment income, reporting a loss of CNY 834,725 compared to a loss of CNY 504,952 in the previous period[25] Inventory and Receivables - Inventory reached ¥3,003,633,671 as of March 31, 2021, compared to ¥2,945,548,651 at the end of 2020[17] - Accounts receivable decreased to ¥151,141,109 from ¥183,853,362 year-over-year[17] Other Financial Information - There were no major contracts or commitments that were not fulfilled during the reporting period[14] - The company has not engaged in any trust investment during the reporting period[14] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[15] - The company reported a significant increase in cash inflow from investment income, reaching CNY 680,070,741 compared to CNY 82,242,639 in the previous year[33]

Financial Performance - The company reported a profit distribution plan of 4 RMB (including tax) per 10 shares, based on a total of 685,464,000 shares[5]. - The company's operating revenue for 2020 was CNY 3,395,402,001, a decrease of 33.08% compared to CNY 5,074,025,899 in 2019[12]. - The net profit attributable to shareholders for 2020 was CNY 470,860,587, down 58.75% from CNY 1,141,367,296 in 2019[12]. - The net profit after deducting non-recurring gains and losses was CNY 397,655,187, a decline of 55.44% from CNY 892,496,644 in 2019[12]. - The basic earnings per share for 2020 was CNY 0.69, a decrease of 58.68% compared to CNY 1.67 in 2019[12]. - The total assets at the end of 2020 were CNY 13,102,481,541, a decrease of 4.81% from CNY 13,764,855,252 at the end of 2019[12]. - The net assets attributable to shareholders at the end of 2020 were CNY 10,267,832,644, down 1.29% from CNY 10,402,248,821 at the end of 2019[12]. - The company reported a significant decline in quarterly performance, with Q4 2020 revenue reaching CNY 1,202,662,311, compared to CNY 805,715,048 in Q1 2020[16]. - The company achieved a gross margin of 55.71% in the alcoholic beverage manufacturing sector, down 7.29% from the previous year[39]. - The total comprehensive income for 2020 was CNY 470,860,587 for the consolidated report and CNY 427,160,774 for the parent company[72]. Shareholder Returns - The company distributed a cash dividend of 7 RMB per 10 shares for the 2019 fiscal year, totaling 479,824,800 RMB, which represents 42.04% of the net profit attributable to shareholders[68]. - For the 2020 fiscal year, the proposed cash dividend is 4 RMB per 10 shares, amounting to 274,185,600 RMB, which is 64.19% of the net profit attributable to shareholders[69]. - The cash dividend payout ratio for 2020 is 58.23%, reflecting the company's commitment to returning value to shareholders[70]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends totaling 1,165,288,800 RMB[70]. - The company’s distributable profits for 2020 were 470,860,587 RMB, supporting the proposed dividend distribution[71]. Business Operations - The company has maintained its core business in wine production, with no changes in the controlling shareholder since its establishment[10]. - The company’s business scope includes the production and sale of various alcoholic beverages, including wine and distilled spirits, as well as non-alcoholic beverages[10]. - The company operates a three-tier marketing network with approximately 4,447 distributors at the end of 2020, a decrease of 96 from the beginning of the year[28]. - The company has established a national-level wine research and development center, enhancing its product innovation capabilities and quality control systems[24]. - The company has completed its global production capacity layout in major wine-producing countries, including China, France, Chile, Spain, and Australia[24]. - The company’s product offerings include over 100 varieties of wine and brandy, catering to different consumer segments[24]. Market Position and Strategy - The company has maintained its position as a leading player in the domestic wine industry despite short-term market challenges[19]. - The company maintains a strong market position with a market share that further distances it from domestic competitors despite the overall industry downturn[26]. - The company emphasizes a strategy focused on high-end products and consumer cultivation to drive growth despite market challenges[26]. - The company plans to strengthen its sales systems for domestic wine, focusing on strategic brands and targeted marketing efforts in key regions[62]. - The company intends to develop high-end brands and expand product lines, including the introduction of new products like Koya 30-year XO and Koya 1915 commemorative wine[64]. Financial Management and Governance - The company’s financial report has been confirmed by the board of directors, ensuring its accuracy and completeness[4]. - The company’s accounting firm is KPMG Huazhen, which is responsible for auditing its financial statements[11]. - The company has established a governance structure that complies with legal requirements, including a board of directors with independent members[133]. - The company has implemented a new revenue recognition policy effective January 1, 2020, in accordance with the Ministry of Finance's revised accounting standards[75]. - The audit opinion issued by KPMG was a standard unqualified opinion, confirming the fair presentation of the financial statements[155]. Risk Management - The company emphasizes the importance of risk awareness in its future development outlook, advising investors to be cautious[5]. - The company recognizes risks such as raw material price fluctuations, market investment uncertainties, and potential transportation issues that could impact operations[65][66]. Employee and Management Structure - The total number of employees in the company is 2,560, with 1,205 in the parent company and 1,355 in major subsidiaries[126]. - The company has established a comprehensive salary and welfare system, ensuring all employees are insured[127]. - The company has implemented a performance-based remuneration system for independent directors and senior management[124]. - The company emphasizes the importance of training for middle and senior management, focusing on strategic thinking and decision-making capabilities[128]. Social Responsibility and Sustainability - The company completed its poverty alleviation work for the year 2020, with a total investment of 540,000 RMB in targeted poverty alleviation efforts[96]. - The company has established a wastewater treatment plant that utilizes hydrolysis-aerobic biological treatment technology[100]. - The management emphasized the importance of sustainability initiatives, planning to reduce carbon emissions by 30% over the next five years[118].

烟台张裕葡萄酿酒股份有限公司 2020 年第三季度报告全文 烟台张裕葡萄酿酒股份有限公司 2020 年第三季度报告 定全 2020-04 2020 年 10 月 1 烟台张裕葡萄酿酒股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周洪江、主管会计工作负责人姜建勋及会计机构负责人(会计主 管人员)郭翠梅声明：保证季度报告中财务报表的真实、准确、完整。 2 烟台张裕葡萄酿酒股份有限公司 2020 年第三季度报告全文 追溯调整或重述原因：同一控制下企业合并 第二节 公司基本情况 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 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------- ...

证券代码：000869、200869 证券简称：张裕 A、张裕 B 公告编号：2020－临 38 烟台张裕葡萄酿酒股份有限公司 关于参加山东辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流工作，构建和谐投资者关系，切实提高 上市公司透明度和治理水平，烟台张裕葡萄酿酒股份有限公司（以下简称"公 司"）定于 2020 年 9 月 29 日（星期二）下午 15:00-16:55 参加山东上市公司 协会举办的"山东辖区上市公司 2020 年度投资者网上集体接待日"活动，现 将有关事项公告如下： 本次投资者网上集体接待日活动将通过网上平台采取网络远程的方式举 行，活动网址：全景·路演天下 http://rs.p5w.net。投资者可以登录活动网 址参与本次活动。 届时公司副总经理、董事会秘书姜建勋先生、证券事务代表李廷国先生将 通过网络在线交流形式与投资者就公司治理、发展战略、经营状况和可持续发 展等投资者关注的问题进行沟通，欢迎广大投资者 ...

烟台张裕葡萄酿酒股份有限公司 2020 年半年度报告全文 烟台张裕葡萄酿酒股份有限公司 2020 年半年度报告 定全 2020-03 2020 年 08 月 1 烟台张裕葡萄酿酒股份有限公司 2020 年半年度报告全文 目录 | --- | |---------------------------------------------------------------------------------------------------------------------------------| | | | 2020 年半年度报告… | | 第一节 重要提示、目录和释义 | | 第二节 公司简介和主要财务指标- | | 第三节 公司业务概要 | | 第四节 经营情况讨论与分析- | | 第五节 重要事项 . | | 第六节 股份变动及股东情况 | | 第七节 优先股相关情况- | | 第八节 可转换公司债券相关情况- | | 第九节 董事、监事、高级管理人员情况 | | 第十节 公司债相关情况- | | 第十一节 财务报告 | | 第十二节 备查文件目录…………………………………………………………………… ...

烟台张裕葡萄酿酒股份有限公司 2020 年第一季度报告全文 烟台张裕葡萄酿酒股份有限公司 2020 年第一季度报告 定全 2020-02 2020 年 04 月 1 烟台张裕葡萄酿酒股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周洪江、主管会计工作负责人姜建勋及会计机构负责人(会计主 管人员)郭翠梅声明：保证季度报告中财务报表的真实、准确、完整。 2 烟台张裕葡萄酿酒股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | |----------------------------------------------------|----------------|----------------|-----------------------------| | ...

Financial Performance - The company's operating revenue for 2019 was CNY 5,031,011,489, a decrease of 2.16% compared to CNY 5,142,244,740 in 2018[10]. - The net profit attributable to shareholders for 2019 was CNY 1,129,735,749, an increase of 8.35% from CNY 1,042,632,929 in 2018[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 892,075,931, a decrease of 7.60% compared to CNY 965,426,238 in 2018[10]. - The net cash flow from operating activities was CNY 837,838,024, down 14.15% from CNY 975,978,746 in 2018[10]. - The basic earnings per share for 2019 was CNY 1.65, an increase of 8.55% from CNY 1.52 in 2018[10]. - The total operating revenue for the wine and alcohol beverage manufacturing industry was CNY 5,031,011,489, with a year-on-year decrease of 2.16%[26]. - The gross profit margin for the wine segment was 63.45%, reflecting a slight decrease of 0.03% compared to the previous year[26]. - The sales volume of wine decreased by 14.83% to 95,902 tons in 2019[27]. - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[121]. Assets and Liabilities - The total assets at the end of 2019 were CNY 13,647,932,568, an increase of 4.04% from CNY 13,117,729,052 at the end of 2018[10]. - The total liabilities decreased to RMB 3.07 billion in 2019, down from RMB 3.23 billion in 2018, indicating a reduction of approximately 4.93%[164]. - Shareholders' equity increased to RMB 10.58 billion in 2019, compared to RMB 9.89 billion in 2018, marking a growth of about 7.00%[165]. - The company's total assets as of December 31, 2019, were RMB 10,578,837,930, compared to RMB 9,890,487,377 at the end of 2018, indicating a growth of about 6.9%[187]. Cash Flow - Operating cash inflow decreased by 5.86% to ¥4,782,456,490 compared to ¥5,080,363,769 in 2018[37]. - Cash flow from operating activities in 2019 was RMB 837,838,024, a decline of 14.1% from RMB 975,978,746 in 2018[181]. - Cash inflow from operating activities totaled RMB 4,782,456,490, a decrease of 5.9% from RMB 5,080,363,769 in 2018[180]. - Cash flow from investing activities showed a net outflow of RMB 208,162,437, improving from a net outflow of RMB 507,848,549 in 2018[181]. Dividends - The company plans to distribute a cash dividend of CNY 7 per 10 shares to all shareholders[5]. - For the 2019 fiscal year, the proposed cash dividend is 7 RMB per 10 shares, amounting to 479,824,800 RMB, which is 42.47% of the net profit attributable to shareholders[59]. - The company distributed dividends totaling RMB 411,278,400 to shareholders in 2019, compared to RMB 342,732,000 in 2018, reflecting an increase of approximately 20%[191]. Research and Development - The company increased R&D expenses by 26.27% due to growth in technology development expenditures[21]. - The company is investing 50 million RMB in R&D for new wine technologies aimed at enhancing flavor profiles and production efficiency[121]. Market and Sales - The sales revenue from wine decreased by 4.16% to CNY 3,833,828,384, accounting for 76.20% of total revenue[25]. - Domestic sales accounted for 89.10% of total revenue, while international sales decreased by 16.35% to CNY 548,598,218[25]. - The company launched several new products, including new versions of "Raina Castle" and "Kaste," which received positive market feedback[23]. Corporate Governance - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring transparency and compliance[58]. - The company has established a comprehensive performance evaluation system that effectively links employee income to work performance[134]. - The company has maintained effective internal control over financial reporting as of December 31, 2019, in all material respects according to the Basic Norms for Enterprise Internal Control[150]. Environmental and Social Responsibility - The company has established a wastewater treatment plant that processes production and domestic wastewater before discharge[92]. - The company has helped build approximately 300 acres of wine grape vineyards in collaboration with local government for poverty alleviation[89]. Future Outlook - The company aims to achieve an operating revenue of no less than 3.7 billion RMB in 2020, with main business costs and three period expenses controlled below 2.8 billion RMB[50]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[121]. - The company is considering strategic acquisitions to enhance its distribution network, with a budget of 100 million RMB allocated for potential deals[121].

烟台张裕葡萄酿酒股份有限公司 2019 年第三季度报告全文 烟台张裕葡萄酿酒股份有限公司 2019 年第三季度报告 定全 2019-04 2019 年 10 月 1 烟台张裕葡萄酿酒股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周洪江、主管会计工作负责人姜建勋及会计机构负责人(会计主 管人员)郭翠梅声明：保证季度报告中财务报表的真实、准确、完整。 2 烟台张裕葡萄酿酒股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------------------------------|--- ...

烟台张裕葡萄酿酒股份有限公司 2019 年半年度报告全文 烟台张裕葡萄酿酒股份有限公司 2019 年半年度报告 定全 2019-03 2019 年 08 月 1 烟台张裕葡萄酿酒股份有限公司 2019 年半年度报告全文 目录 | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------| | | | 2019 年半年度报告 ............................................................................................................................. | | 第一节 重要提示、释义 ................................................................................. ...

烟台张裕葡萄酿酒股份有限公司 2019 年第一季度报告全文 烟台张裕葡萄酿酒股份有限公司 2019 年第一季度报告 定全 2019-02 2019 年 04 月 1 烟台张裕葡萄酿酒股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、 准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带 的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周洪江、主管会计工作负责人姜建勋及会计机构负责人(会计主管人 员)姜建勋声明：保证季度报告中财务报表的真实、准确、完整。 2 烟台张裕葡萄酿酒股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | |----------------------------------------------------|----------------|----------------|---------------------------| | □ ...