证券代码：000869、200869 证券简称：张裕 A、张裕 B 公告编号：2023－临 031 烟台张裕葡萄酿酒股份有限公司 公司及董事会全体成员保证公告内容的真实、准确和完整,没有虚假记载、误导性 陈述或者重大遗漏。 一、交易概述 烟台张裕葡萄酿酒股份有限公司、烟台张裕葡萄酿酒销售有限公司、 法国 VASF 公 司将其持有廊坊开发区卡斯特-张裕酿酒有限公司 100%股权转让给廊坊市大轩商贸有限 公司。 二、交易各方情况 转让方一: 烟台张裕葡萄酿酒股份有限公司(以下简称"本公司"或"甲方"） 统一社会信用代码：913700002671000358 法定代表人：周洪江 关于转让廊坊开发区卡斯特-张裕酿酒有限公司股权的公告 地址：山东省烟台市芝罘区大马路 56 号 转让方二: 烟台张裕葡萄酿酒销售有限公司(以下简称"张裕销售公司"或"乙方"） 统一社会信用代码：913706007465763808 该公司为本公司全资子公司。 转让方三: 法国 VASF 公司(以下简称"VASF 公司"或"丙方"） 识别码：394 452 270 R.C.S. BORDEAUX 授权代表人： Alain CASTEL 国内文 ...

为进一步提升指数可投资性，中证指数有限公司决定修订中证香港银行投资指数与中证港股通可选 消费综合指数的编制方案，此次修订内容包括： 中证香港银行投资指数：（1）样本空间修订为"中证港股通综合指数样本"；（2）新增可投资性筛 选条件"剔除过去12个月或过去3个月平均月换手率不足0.1%的证券，除非该证券过去一年日均成交金 额大于5000万港元"；（3）加权方式修订为单个样本权重不超过15%，前五大样本合计权重不超过 60%。编制方案其余部分保持不变。 中证港股通可选消费综合指数：（1）指数名称和简称分别修订为"中证港股通休闲消费主题指 数"和"港股通休闲消费"；（2）指数代码修订为931224（港元）/ 931224CNY100（人民币中间价）； （3）指数基日和基点分别修订为2016年12月30日和1000点；（4）新增可投资性筛选条件"剔除过去12 个月或过去3个月平均月换手率不足0.1%的证券，除非该证券过去一年日均成交金额大于5000万港 元"；（5）选样方法修订为优先选取业务涉及休闲服务、休闲设备与用品、文化娱乐等领域的上市公司 证券作为指数样本，再按照过去一年日均总市值由高到低依次纳入剩余证券，使得 ...

2023 年 10 月 | 版本号 V1.2 中证香港银行投资指数编制方案 上交所转播代码：000869 二、指数基日和基点 该指数以 2014 年 11 月 14 日为基日，以 3000 点为基点。 三、样本选取方法 1、样本空间 中证香港银行投资指数选取港股通证券范围内的银行股作为指数样本，反映 港股通范围内银行上市公司的整体表现。 一、指数名称和代码 指数名称：中证香港银行投资指数 指数简称：HK 银行 英文名称：CSI Hong Kong Bank Investment Index 英文简称：HK Bank 指数代码：930792（港元）/ 930793（人民币） 中证港股通综合指数样本 2、可投资性筛选 对样本空间内证券，计算每月的日换手率中位数作为月换手率，剔除过去 12 个月或过去 3 个月平均月换手率不足 0.1%的证券，除非该证券过去一年日均 成交金额大于 5000 万港元。 1 2023 年 10 月 | 版本号 V1.2 3、选样方法 对于样本空间内符合可投资性筛选条件的证券，根据中证行业分类标准，选 取所有银行业上市公司证券作为指数样本。 四、指数计算 五、指数样本和权重调整 1、定期 ...

Financial Performance - The net profit for the third quarter was 409,885,970, a slight decrease from 416,321,189 in the previous year, representing a decline of approximately 1.04%[32]. - The total profit for the quarter was 579,517,863, compared to 578,151,054 in the same period last year, showing a marginal increase of about 0.24%[32]. - Net profit attributable to shareholders for the current period is ¥60,948,191, down 19.69% from the previous year's same period[54]. - The basic earnings per share for the quarter was 0.62, compared to 0.63 in the same quarter last year, indicating a decrease of about 1.59%[32]. - The basic earnings per share for the current period is ¥0.09, down 18.18% compared to the previous period[54]. - The total comprehensive income for the quarter was 407,655,412, compared to 408,937,417 in the previous year, reflecting a decrease of approximately 0.31%[32]. Cash Flow - The company reported a net cash increase of 728,038, compared to a significant increase of 129,849,101 in the previous year, indicating a decrease in cash flow[30]. - The cash flow from investment receipts decreased by 95.11% compared to the same period last year, primarily due to a reduction in maturing time deposits[7]. - The cash flow from financing activities showed a net outflow of 428,560,943, an improvement from the previous year's outflow of 500,149,385, indicating a reduction in financing costs[30]. - The net cash flow from operating activities for the year-to-date is ¥730,970,835, reflecting a decrease of 1.05% compared to the previous year[54]. - The company received cash from operating activities totaling ¥3,017,946,998, a decrease from ¥3,177,672,466 in the previous period[49]. Assets and Liabilities - Total liabilities decreased from CNY 2,345,926,084 to CNY 2,125,268,876, a reduction of approximately 9.4%[11]. - Total equity increased from CNY 10,825,580,294 to CNY 10,865,432,363, reflecting a slight growth of about 0.37%[11]. - The total assets decreased from CNY 13,171,506,378 to CNY 12,990,701,239, indicating a decline of approximately 1.37%[11]. - The total assets as of September 30, 2023, were 12,990,701,239, down from 13,171,506,378 at the beginning of the year, reflecting a decrease of approximately 1.37%[43]. Operational Metrics - Total operating revenue for the current period is ¥2,801,225,058, a decrease of 0.35% compared to the previous period's ¥2,811,023,025[45]. - The total operating costs for the current period are ¥2,270,760,733, an increase from ¥2,258,273,691 in the previous period[45]. - Research and development expenses for the current period are ¥10,350,928, up from ¥9,148,719 in the previous period[45]. - The company reported an investment income of ¥15,193,224, a significant improvement from a loss of ¥3,053,513 in the previous period[45]. Shareholder Information - The company reported a total of 42,204 common shareholders at the end of the reporting period[21]. - The company paid out 325,817,888 in dividends and interest, slightly down from 329,031,680 in the previous year, indicating a decrease of about 0.66%[30]. Other Financial Changes - Accounts receivable decreased by 48.19%, mainly due to the collection of receivables from previous periods[19]. - Prepayments decreased by 64.63%, primarily due to initial prepayments and subsequent receipt of goods[19]. - Long-term borrowings decreased by 45.44%, mainly due to the repayment of bank loans[19]. - Capital reserve increased by 21.28%, primarily due to the implementation of a restricted stock incentive plan[19]. - The company's management expenses increased by 9.72%, primarily due to the implementation of a restricted stock incentive plan[57]. - Cash and cash equivalents at the end of the period were 1,613,481,638, slightly down from 1,632,176,130 at the end of the previous year[30]. - The company's long-term investments decreased from 41,371,385 to 37,644,201, a decline of about 8.82%[43].

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： 证券代码：000869 、200869 证券简称：张裕A、张裕B 公告编号：2023-临19 烟台张裕葡萄酿酒股份有限公司 关于举办2022年度网上业绩说明会的公告 一、说明会召开的时间、地点和方式 会议召开时间：2023 年 6 月 8 日（星期四）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 董事长 周洪江先生，独立董事 刘庆林先生，董事副总经理兼董事会秘书 姜建勋先生，财务部经理 郭翠梅女士，证券事务代表 李廷国先生。 三、投资者参加方式 投资者可于 2023 年 6 月 8 日（星期四）15:00-16:00 通过网址 https://eseb.cn/157HyxoLwYg 或使用微信扫一扫以下小程序码即可进入参 与互动交流。投资者可于 2023 年 6 月 8 日前进行会前提问，公司将通过本次 业绩说明会上，在信息披露允许范围内就投资者普遍关注的问题进行回答。 四、联系人及咨询办法 会议召开时间：2023 年 ...

Financial Performance - In 2022, the company's operating revenue was CNY 3,918,941,160, a decrease of 0.86% compared to CNY 3,953,067,583 in 2021[22] - The net profit attributable to shareholders was CNY 428,681,411, down 14.28% from CNY 500,102,606 in the previous year[22] - The basic earnings per share decreased by 13.70% to CNY 0.63 from CNY 0.73 in 2021[22] - The total assets at the end of 2022 were CNY 13,171,506,378, a decline of 2.23% from CNY 13,472,009,754 at the end of 2021[22] - The net cash flow from operating activities was CNY 868,876,647, down 22.79% from CNY 1,125,382,658 in 2021[22] - The company achieved operating revenue of CNY 3,918,941,160 in 2022, a decrease of 0.86% compared to the previous year, falling short of the target of at least CNY 4.3 billion[63] - The net profit attributable to shareholders was CNY 42,868,000, representing a decline of 14.28% year-on-year[63] - The gross profit margin for the overall sales was 57.11%, down from 58.32% in 2021[63] Market Conditions - The company experienced a significant decline in the domestic wine market due to economic conditions, with both imported and domestic wine sales continuing a "double decline" trend[28] - The company is facing challenges due to rising raw material and packaging costs, impacting profitability across the industry[28] - The company operates in the wine and brandy production industry, which is currently in a growth phase despite facing challenges such as declining domestic wine consumption and intense market competition[29] - The average consumption level of wine in China is currently low, but it is expected to improve as consumer preferences shift towards healthier lifestyles[29] - The company anticipates a gradual recovery in wine consumption as income levels rise and consumer attitudes evolve[29] - The company has faced risks related to market competition and economic fluctuations, which may impact future performance[35] Product Development and Innovation - The company launched new products under the Long series and developed a co-branded gift box for the Aifeibao brand, enhancing its product offerings[63] - The company has obtained 3 national invention patents and 1 utility model patent, enhancing its innovation capabilities[84] - New product development and technological advancements are prioritized to meet evolving consumer demands[1] Distribution and Sales Network - The company primarily utilizes a distribution model, with around 4,000 distributors delivering products to sales terminals[53] - The company has a total of 4,913 sales terminals, with a net increase of 82 terminals during the reporting period[54] - The company has established a nationwide marketing network, supported by both marketing personnel and distributors, enhancing its market reach[58] - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions to enhance growth[1] Cash Dividend and Financial Policies - The company plans to distribute a cash dividend of CNY 4.5 per 10 shares, based on a total of 685,464,000 shares[13] - The company reported a positive net profit available for distribution to shareholders but did not propose a cash dividend distribution plan during the reporting period[134] - The company plans to distribute at least 25% of its distributable profits as dividends, with a minimum of 30% in cash over the last three years[187] - The company has not proposed any adjustments to its cash dividend policy during the reporting period[133] Governance and Internal Control - The company has established a sound organizational structure with independent operation of the board of directors and supervisory board, ensuring no subordinate relationship with controlling shareholders[138] - There were changes in the board of directors, including the election of new independent directors and the appointment of a new assistant general manager[143] - The board of directors attended meetings with a high attendance rate, indicating active participation in governance[126] - The company has not reported any significant internal control deficiencies during the reporting period[136] - The internal control self-assessment report for 2021 was approved, indicating a commitment to maintaining robust governance practices[153] Environmental Responsibility - The company has established a wastewater treatment plant that processes production and domestic wastewater before discharge[192] - The company adheres to national pollution discharge standards for its boiler emissions, including SO2 and NOX[192] - The company has implemented measures to reduce carbon emissions, as detailed in its annual social responsibility report[172] - The company has established a comprehensive environmental self-monitoring plan[193] - The company did not face any administrative penalties related to environmental issues during the reporting period[194] Financial Management - Financial expenses decreased significantly by 65.74% due to increased interest income and reduced expenditures[82] - Net cash flow from investing activities rose by 18% as cash received from investment recoveries increased[82] - Net cash flow from financing activities declined by 23.06% primarily due to a decrease in cash received from borrowings[82] Audit and Compliance - The domestic accounting firm engaged is KPMG Huazhen, with an audit fee of 2.05 million yuan[199] - The continuous service period of the domestic accounting firm is 4 years[199] - There are no significant changes in accounting policies or estimates compared to the previous year's financial report[198] - There are no overseas accounting firms involved in the audit process[199] - The company has not disclosed any information regarding delisting risks following the annual report[200]

Revenue and Profit - Revenue for Q3 2022 reached ¥857,930,890, an increase of 7.68% year-over-year, while year-to-date revenue totaled ¥2,811,023,025, up 5.23% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2022 was ¥75,890,351, a decrease of 4.83% year-over-year, with year-to-date net profit at ¥434,349,954, down 3.81% compared to the previous year[3] - Basic earnings per share for Q3 2022 was ¥0.11, reflecting an 8.33% decline year-over-year, while diluted earnings per share also stood at ¥0.11[3] - Net profit for the third quarter was CNY 416,321,189, down from CNY 449,107,818, indicating a decrease of approximately 7.3% year-over-year[14] - The basic and diluted earnings per share were both CNY 0.63, down from CNY 0.66 in the previous period, representing a decrease of approximately 4.5%[15] Assets and Liabilities - Total assets as of the end of Q3 2022 were ¥13,094,530,385, representing a decrease of 2.80% from the end of the previous year[3] - The total assets of the company decreased to CNY 13,094,530,385 from CNY 13,472,009,754, a decline of about 2.8%[12] - The company's long-term equity investments decreased to CNY 41,765,666 from CNY 46,496,510, reflecting a decline of approximately 10.1%[12] - The total liabilities decreased to CNY 2,303,556,742 from CNY 2,779,333,150, a reduction of approximately 17.1%[13] Cash Flow - Cash flow from operating activities year-to-date was ¥738,690,855, down 6.75% compared to the same period last year[3] - The net cash flow from operating activities was CNY 738,690,855, down from CNY 792,193,127 in the previous period, indicating a decline of about 6.7%[17] - The cash flow from financing activities resulted in a net outflow of -CNY 500,149,385, compared to -CNY 299,502,924 in the previous period, indicating a significant increase in cash outflow[18] - The total cash outflow for financing activities was CNY 1,005,398,006, compared to CNY 981,236,949 in the previous period, indicating a slight increase in cash outflow[18] Research and Development - Research and development expenses increased by 145.70% year-to-date, indicating a significant boost in investment towards innovation[6] - Research and development expenses increased significantly to CNY 9,148,719 from CNY 3,723,499, representing a growth of about 146.5%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,870, with the largest shareholder, Yantai Zhangyu Group Co., Ltd., holding 50.40% of shares[9] Tax and Other Income - The company reported a 426.95% increase in tax refunds received year-to-date, primarily due to input tax refunds[7] - Non-operating income for Q3 2022 totaled ¥7,808,640, with government subsidies contributing ¥11,161,122 to this figure[4] - The company received CNY 187,357,349 in tax refunds, significantly higher than CNY 35,554,848 in the previous period, marking an increase of over 426%[17] - The company reported a decrease in other comprehensive income attributable to the parent company of CNY -6,409,785, compared to CNY -17,140,870 in the previous period, showing an improvement[15] Inventory and Operating Costs - Total operating costs increased to CNY 2,258,273,691 from CNY 2,079,791,757, reflecting a rise of about 8.61%[14] - Inventory levels rose to CNY 2,951,626,146 from CNY 2,802,622,520, marking an increase of approximately 5.3%[12]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,953,092,135, representing a 4.19% increase compared to CNY 1,874,460,437 in the same period last year[11]. - Net profit attributable to shareholders was CNY 358,459,603, a decrease of 3.59% from CNY 371,821,819 in the previous year[11]. - The net cash flow from operating activities was CNY 606,273,595, showing a significant increase of 32.97% compared to CNY 455,935,149 in the same period last year[11]. - Basic earnings per share decreased by 3.70% to CNY 0.52 from CNY 0.54 in the previous year[11]. - The company achieved operating revenue of 195.309 million yuan in the first half of 2022, an increase of 4.19% year-on-year[29]. - The net profit attributable to shareholders was 35.845 million yuan, a decrease of 3.59% compared to the same period last year[29]. - The company reported a profit margin of 17.8% for the first half of 2022, down from 19.8% in the previous year[93]. - The company reported a total comprehensive income of CNY 352,062,107, which includes a net profit of CNY 358,459,603 for the period[103]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,284,166,296, down 1.39% from CNY 13,472,009,754 at the end of the previous year[11]. - The company's total liabilities rose to CNY 1,027,493,704 as of June 30, 2022, compared to CNY 833,893,367 at the end of 2021, indicating an increase of approximately 23.2%[91]. - The total equity attributable to shareholders reached CNY 10,750,296,491, up from CNY 10,729,939,900, showing a slight increase of 0.19%[91]. - The company's cash and cash equivalents increased significantly to CNY 1,084,199,585 from CNY 562,588,819, representing an increase of 93.0%[89]. - The company's total liabilities at the end of the reporting period are CNY 1,755,207,579[104]. Revenue Sources and Sales - Domestic business revenue accounted for 85.01% of total revenue, with a year-on-year growth of 2.03%, while international business revenue grew by 18.42%[34]. - The sales volume for wine in the first half of 2022 was 32,315 tons, an increase from 31,428 tons in the first half of 2021, while brandy sales decreased from 14,191 tons to 13,198 tons[25]. - The company’s online direct sales revenue for the first half of 2022 was CNY 233,729,556, with a gross profit margin of 57.17%[21]. - Online sales significantly increased due to partnerships with e-commerce platforms like JD and Tmall, and the introduction of short videos on platforms such as Kuaishou and Douyin[30]. Investments and R&D - Research and development investment surged by 122.36% to ¥5,509,656, indicating a significant increase in new product and technology development efforts[33]. - The company is investing 50 million RMB in research and development for new fermentation technologies aimed at improving product quality[119]. - The company has ongoing investments in new product development and market expansion strategies, although specific figures were not disclosed in the report[90]. Risk Management - The company faced potential risks in its operations, which are detailed in the management discussion section of the report[3]. - The company faces risks related to raw material price fluctuations, market input-output uncertainties, and product transportation challenges, which could impact operational performance[47][48]. - The company has implemented a robust financial management and auditing system to mitigate operational risks and ensure market order[32]. Corporate Governance - The company held its annual general meeting on May 27, 2022, with a participation rate of 60.42%[49]. - The company has appointed new directors and supervisors as of May 27, 2022, including Jiang Jianxun and Wang Zhuquan[50]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[52]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[53]. - The company has implemented stringent safety management measures to eliminate potential risks and ensure operational safety[33]. - The company has implemented a "company + farmer" model to support rural revitalization, improving local agricultural efficiency and farmer income[55]. Future Outlook - The company anticipates a revenue growth of 10% for the next fiscal year, projecting total revenue to reach approximately 1.65 billion RMB[119]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on premium wine products[119]. - Market expansion efforts include entering three new international markets, projected to increase overall market share by 5%[119]. Accounting and Financial Reporting - The company has implemented new accounting standards for financial instruments and revenue recognition since January 1, 2019, and January 1, 2020, respectively[109]. - The company’s financial statements comply with the requirements of the Ministry of Finance and the China Securities Regulatory Commission[110]. - The company does not disclose additional segment reporting information due to the significant concentration of its operations in China[196].

Revenue and Profit - Revenue for Q1 2022 was CNY 1,165,989,959, an increase of 2.82% compared to CNY 1,134,006,251 in the same period last year[3] - Net profit attributable to shareholders was CNY 290,587,744, reflecting a growth of 1.34% from CNY 286,745,340 year-over-year[3] - Net profit for Q1 2022 reached CNY 289,302,954, slightly up from CNY 286,365,352 in Q1 2021, indicating a growth of around 1%[17] - The total comprehensive income attributable to the parent company was CNY 290,770,983, up from CNY 279,320,428 in the same period last year[18] - The company’s total comprehensive income for Q1 2022 was CNY 289,750,871, compared to CNY 278,158,000 in Q1 2021, showing an overall improvement[18] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 4.95% to CNY 299,300,737 from CNY 314,895,523 in the previous year[3] - Operating cash inflow for Q1 2022 was CNY 1,297,307,763, an increase from CNY 1,143,967,450 in Q1 2021[19] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 1,684,681,398, up from CNY 1,286,531,101 at the end of Q1 2021[20] - The cash inflow from financing activities was CNY 58,268,052, significantly higher than CNY 4,450,003 in Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,445,106,557, a slight decrease of 0.20% from CNY 13,472,009,754 at the end of the previous year[3] - Total liabilities decreased to CNY 2,462,679,082 from CNY 2,779,333,150, indicating a reduction of approximately 11.4%[14] - The company’s long-term equity investments decreased to CNY 43,681,075 from CNY 46,496,510, a decline of about 6%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 50,528, with the largest shareholder holding 50.40% of the shares[9] - Basic and diluted earnings per share remained stable at CNY 0.42 for both Q1 2022 and Q1 2021[18] Expenses - Total operating costs for Q1 2022 amounted to CNY 790,444,106, compared to CNY 763,383,605 in Q1 2021, reflecting an increase of about 3.6%[17] - The company reported a significant increase in sales expenses, which rose to CNY 216,967,961 from CNY 189,956,956, reflecting an increase of about 14.2%[17] - Research and development expenses for Q1 2022 were CNY 1,527,797, up from CNY 1,322,003 in the previous year, representing an increase of approximately 15.6%[17] Financial Performance Metrics - The weighted average return on equity was 2.74%, down from 2.75% in the same period last year, a decrease of 0.01%[3] - The company reported a significant decrease in financial expenses by 75.69% and an increase in interest income by 171.23% due to higher bank deposit interest[7] - The company recorded a total of CNY 6,419,086 in non-recurring gains and losses during the reporting period[5] - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of CNY 183,239 compared to -CNY 7,424,912 in the previous year[18] Receivables and Inventory - The company’s receivables decreased significantly, with accounts receivable down by 38.85% and notes receivable down by 51.71%[7] - Inventory levels decreased to CNY 2,779,869,275 from CNY 2,802,622,520, showing a reduction of about 0.8%[12]

Financial Performance - The company's operating revenue for 2021 was CNY 3,953,067,583, representing a year-on-year increase of 16.42%[28]. - The net profit attributable to shareholders for 2021 was CNY 500,102,606, an increase of 6.21% compared to the previous year[28]. - The net cash flow from operating activities reached CNY 1,125,382,658, showing a significant increase of 122.78% year-on-year[28]. - The company maintained a basic and diluted earnings per share of CNY 0.73, up 5.80% from the previous year[28]. - Total assets at the end of 2021 were CNY 13,472,009,754, reflecting a 2.82% increase from the end of 2020[28]. - The company reported a weighted average return on equity of 4.84% for 2021, slightly up from 4.57% in 2020[28]. - The company achieved operating revenue of CNY 3,953,067,583 in 2021, representing a year-on-year growth of 16.42%[53]. - The net profit attributable to shareholders reached CNY 500,100,000, an increase of 6.21% compared to the previous year[53]. - The gross profit margin for the total sales was 58.32%, up from 55.71% in the previous year[53]. - The total operating revenue for 2021 reached CNY 3,953,067,583, representing a year-on-year increase of 16.42% compared to CNY 3,395,402,001 in 2020[57]. - Wine sales accounted for 71.69% of total revenue, amounting to CNY 2,834,114,276, with a year-on-year growth of 16.90%[57]. - Brandy sales generated CNY 1,036,164,837, which is 26.22% of total revenue, reflecting an 18.09% increase from the previous year[57]. - Domestic sales contributed CNY 3,421,775,481, making up 86.56% of total revenue, with an 18.44% increase year-on-year[57]. Dividend Distribution - The company plans to distribute a cash dividend of 4.50 RMB per 10 shares (including tax) to all shareholders, based on a total share capital of 685,464,000 shares[10]. - The company distributed a cash dividend of 4.50 yuan per 10 shares, totaling 308,458,800 yuan, which accounted for 100% of the total profit distribution[182]. - The proposed cash dividend distribution is RMB 4.5 per 10 shares, totaling RMB 308,458,800, with the remaining undistributed net profit carried forward to the next year[185]. Business Operations - The company reported that its main business includes the production, processing, and sales of wine, distilled spirits, and non-alcoholic beverages, with a focus on expanding its market presence[23]. - The company has not reported any changes in its business scope since its last adjustment in 2016, maintaining a consistent focus on wine and related products[23]. - The company operates primarily through a distribution model, with approximately 4,831 distributors by the end of the reporting period, an increase of 384 from the beginning of the year[42][43]. - The company has established a nationwide marketing network, enhancing its marketing capabilities and market expansion efforts[49]. - The company has completed a global capacity layout in major wine-producing countries, allowing better utilization of quality resources[50]. - The online sales channel has shown rapid growth, ranking first in the total online sales of the wine industry[53]. - The company has focused on high-end products to enhance brand influence and long-term development[54]. - The company aims to adapt its marketing strategies to consumer preferences and enhance product quality to drive future growth[36]. - The company has ongoing construction projects with a total actual investment of ¥3,984,165,800, including the Yantai Zhangyu International Wine City projects[84]. Research and Development - Research and development expenses surged by 140.97%, reflecting the company's increased investment in R&D and the acquisition of new scientific equipment[53]. - The company acquired three national invention patents for wine technology and two for brandy, emphasizing its commitment to innovation[55]. - The company has initiated a strategic partnership with a local distributor in Europe to enhance market penetration[142]. - Research and development investments have increased by 10%, focusing on innovative wine production techniques[142]. Risk Management - The company emphasizes the importance of risk management in its future development outlook, advising investors to be aware of potential investment risks[10]. - The company recognizes risks such as raw material price fluctuations, market input-output uncertainties, and transportation risks, and will implement strategies to mitigate these risks[104][105][106]. - The company acknowledges the potential impact of external factors such as exchange rate fluctuations and pandemic risks on its operations[108]. Corporate Governance - The company has independent financial departments and operates a complete and independent financial accounting system[125]. - The company has a total of 5 independent directors, accounting for more than one-third of the board[115]. - The company has established a robust organizational structure with independent functioning of the board and supervisory committee[126]. - The company actively respects and protects the rights of stakeholders and engages in social responsibility initiatives[118]. - The company has a dedicated investor relations management responsible for information disclosure and shareholder communication[122]. - The company has no significant differences in governance practices compared to regulations set by the China Securities Regulatory Commission[122]. Employee Management - The total number of employees at the end of the reporting period was 2,297, with 1,131 in the parent company and 1,166 in major subsidiaries[164]. - The company has implemented a comprehensive compensation and benefits system, ensuring all employees are covered by social insurance[161]. - The company has established a training program for middle and senior management to enhance strategic thinking and decision-making capabilities[166]. - The company encourages employees to participate in professional training and qualification exams to enhance their skills and knowledge[168]. Environmental Responsibility - The company has constructed a wastewater treatment plant that utilizes hydrolysis-aerobic biological treatment technology[200]. - The total discharge of pollutants is 35m³/d, while the approved discharge limit is 120m³/d, indicating no exceedance of discharge standards[198]. - The company has implemented a complete emergency response plan for sudden environmental incidents[200]. - The company has established a comprehensive environmental self-monitoring plan[200]. - The company has received environmental protection approval from the Huanren Manchu Autonomous County Environmental Protection Bureau[200].