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皇台酒业(000995) - 2022 Q4 - 年度财报
2023-04-28 16:00
Financial Performance - The company's operating revenue for 2022 was CNY 136,423,990.48, representing a 49.77% increase compared to CNY 91,088,143.37 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 7,356,109.38, a significant turnaround from a loss of CNY 13,554,764.99 in 2021, marking a 154.27% improvement[20]. - The net cash flow from operating activities reached CNY 10,986,985.63, a 632.24% increase from a negative cash flow of CNY -2,064,303.20 in the previous year[20]. - Basic earnings per share for 2022 were CNY 0.04, compared to a loss of CNY -0.08 per share in 2021, reflecting a 150.00% increase[20]. - The total assets of the company at the end of 2022 were CNY 486,159,483.66, which is a 2.76% increase from CNY 473,108,649.41 at the end of 2021[20]. - The net assets attributable to shareholders increased by 8.48% to CNY 133,494,581.98 at the end of 2022, up from CNY 123,060,184.60 in 2021[20]. - The weighted average return on equity improved to 5.73% in 2022, up from -10.56% in 2021, indicating a positive trend in profitability[20]. - The net profit after deducting non-recurring gains and losses was CNY 2,388,619.44, a 112.92% increase from a loss of CNY -18,488,424.79 in 2021[20]. Revenue Breakdown - Total revenue for the year was 136,424,990.48 CNY, with a quarterly breakdown of 33,823,126.84 CNY in Q1, 36,775,062.96 CNY in Q2, 33,340,753.56 CNY in Q3, and 32,485,047.12 CNY in Q4[24]. - Net profit attributable to shareholders for the year was 7,355,109.38 CNY, with quarterly figures of 1,575,363.65 CNY in Q1, 1,397,727.35 CNY in Q2, 704,852.61 CNY in Q3, and 3,678,165.77 CNY in Q4[24]. - The company reported a net cash flow from operating activities of 11,986,925.63 CNY for the year, with significant fluctuations across quarters, including a negative cash flow of -3,643,258.39 CNY in Q1 and a positive cash flow of 12,046,778.60 CNY in Q4[24]. - Direct sales (including group purchases) generated revenue of CNY 39,296,929.84, down 20.69% year-on-year, while gross margin improved to 70.87%, up 10.36%[44]. - The distribution model saw significant growth, with revenue from distributors reaching CNY 93,640,356.53, an increase of 132.29% year-on-year, and a gross margin of 60.72%, up 4.58%[44]. - The low-end product category generated CNY 23,016,844.57 in revenue, up 72.06% year-on-year, with a gross margin of 53.19%, an increase of 39.49%[44]. Market Strategy and Expansion - The company aims to strengthen its brand positioning as a regional strong brand in the white liquor market and expand its "Liangzhou" brand wine into major cities like Beijing and Guangzhou[32]. - The company has been recognized as one of the top 100 enterprises in the Chinese white liquor industry, reflecting its competitive position in the market[32]. - The company established sales subsidiaries in Beijing, Chengdu, and Guizhou to expand its market presence and enhance brand building efforts[58]. - Gansu Huangtai aims to focus on core markets such as Wuwei, Lanzhou, and Tianshui to enhance market share and operational efficiency[98]. - The company plans to expand its market presence by entering two new provinces in 2023, aiming for a 15% increase in market share[137]. Production and Quality Control - The production volume of finished white liquor increased by 84.51% year-on-year, while sales volume rose by 113.16%[49]. - The inventory of finished white liquor decreased by 47.45% compared to the previous year, indicating improved sales efficiency[49]. - The company operates a 5,000-acre vineyard in the Hexi Corridor, focusing on high-quality grape cultivation to meet international standards[37]. - The company’s product lines cover high, medium, and low-end consumer segments, with a structured product framework to cater to diverse market needs[36][37]. - The company emphasizes product quality control, with no reported food safety incidents during the reporting period[160]. Corporate Governance and Management - The company has implemented a robust corporate governance structure, aligning with regulatory requirements and enhancing operational transparency[106]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a diverse and skilled governance body[109]. - The company has committed to avoiding competition with its controlling shareholder's other businesses, as outlined in a formal commitment[117]. - The company has maintained a strong communication mechanism with investors, addressing their concerns through various channels[156]. - The company has a clear strategy for enhancing safety management in line with production scale expansion to prevent potential accidents[102]. Legal Matters and Compliance - The company is involved in a lawsuit with a claim amount of 38.34 million yuan, which has not formed a provision for liabilities[174]. - The company has previously disclosed important litigation matters in its annual and quarterly reports[174]. - The company has made provisions for expected liabilities related to the lawsuits in previous financial periods[174]. - The company has not reported any penalties from securities regulatory agencies for its directors and senior management in the past three years[129]. - The company has not disclosed any significant related party transactions during its daily operations[178]. Future Outlook - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[125]. - The company is investing 50 million RMB in R&D for new technologies aimed at improving production efficiency and product quality[126]. - A new premium product line is set to launch in Q2 2023, expected to contribute an additional 200 million RMB in revenue[125]. - The company aims to enhance shareholder value through potential mergers and acquisitions, targeting a 25% growth in revenue from these initiatives[137].
皇台酒业(000995) - 2015年10月10日投资者关系活动记录表
2022-12-06 11:16
证券代码:000995 证券简称:*st 皇台 皇台酒业股份有限公司投资者关系活动记录表 编号:2015-01 | --- | --- | |---------------|---------------------------------------------------| | | | | 投资者关系 | 特定对象调研 □分析师会议 | | 活动类别 | 媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | 现场参观 □其他(请文字说明其他活动内容) | | 参与单位 名称 | 深圳市富远利投资资产管理有限公司 蒋先生、王女士 | | 时间 | 年 10 月 10 日星期六 | | 地点 | 公司证券办公室,公司厂区 | | 上市公司 | | | 接待人员 | 公司证券部投资者关系管理专员杨新年 | | 投资者关系 | 请介绍下公司目前经营状况,为什么定增项目会 | | 活动主要内 | 选为番茄酱项目? | | 容介绍 | :公司目前生产经营一切正常,白酒新品及葡萄 | | | 酒产品在市场上还是很有影响力。本公司管理层看好中 | | | 国番茄产业的发展空间和行业整合前景,将以此作为 ...
皇台酒业(000995) - 皇台酒业:2021年5月18日投资者关系活动记录表
2022-11-22 02:58
证券代码:000995 证券简称:皇台酒业 甘肃皇台酒业股份有限公司 投资者关系活动记录表 编号:2021-01 | --- | --- | --- | --- | |-----------------------------|------------------------------------------------|------------------------------|---------------------------------------------------------------------------------------------------------| | | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | 类别 | □媒体采访 | ☑ 业绩说明会 | | | | □新闻发布会 | □路演活动 | | | | □现场参观 | | | | | □其他 | (请文字说明其他活动内容) | | | 参与单位名称及 | 通过全景网"投资者关系互动平台"( | | http://ir.p5w.net ) | | 人员姓名 | 参与公司本次 20 ...
皇台酒业(000995) - 2022 Q3 - 季度财报
2022-10-27 16:00
Financial Performance - The company's revenue for Q3 2022 reached ¥33,340,753.56, representing a 193.73% increase compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥704,852.61, up 115.94% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥669,901.11, reflecting a 114.64% increase compared to the previous year[4] - The company reported a significant increase in operating income for the first nine months of 2022, totaling ¥103,938,943.36, which is a 183.98% increase year-on-year[9] - The net cash flow from operating activities improved to -¥1,059,792.97, a 94.55% improvement compared to the same period last year[10] - The company reported a total revenue of 1,411.42 million yuan for the third quarter of 2022[15] - The net profit for the quarter was CNY 3,846,134.89, a turnaround from a net loss of CNY 16,495,792.20 in the same quarter last year[22] - The total comprehensive income for the period was CNY 3,846,134.89, a decrease of CNY 16,495,792.20 compared to the previous period[23] - Basic and diluted earnings per share were both CNY 0.021, compared to CNY -0.093 in the previous period[23] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥474,752,384.57, showing a slight increase of 0.35% from the end of the previous year[4] - The company's total assets as of September 30, 2022, were CNY 474,752,384.57, slightly up from CNY 473,108,649.41 at the beginning of the year[20] - Current assets totaled CNY 213,659,677.93, an increase from CNY 206,189,108.88 at the start of the year[19] - The company's total liabilities decreased to CNY 344,337,349.08 from CNY 350,048,464.81, showing a reduction of about 1.9%[20] - The equity attributable to shareholders of the parent company increased to CNY 129,046,844.21 from CNY 123,060,184.60, marking an increase of approximately 4.9%[20] Operating Costs and Expenses - The operating costs for the first nine months of 2022 were ¥36,986,565.37, an increase of 168.75% due to higher sales revenue[10] - Total operating costs amounted to CNY 99,730,497.73, compared to CNY 54,548,654.80 in the previous year, indicating an increase of about 83%[21] - The company reported a significant increase in sales expenses, which rose to CNY 21,611,134.99 from CNY 13,308,789.77, reflecting a growth of about 62%[21] - Research and development expenses were not explicitly reported, indicating a potential area for future focus and investment[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,345[12] - Gansu Huangtai Liquor Industry Co., Ltd. reported a total of 24,667,908 shares held by Beijing Huangtai Trading Co., Ltd., representing a significant portion of the company's equity[13] - The top 10 unrestricted shareholders collectively hold 58,635,970 shares, indicating concentrated ownership within a few entities[13] - The shareholder structure indicates a potential alignment of interests among major shareholders, particularly among Gansu Shengda Group, Gansu Western Asset Management, and Beijing Huangtai Trading[13] Legal Matters - The company is currently involved in a legal dispute with Guangdong Yirun Trading Co., Ltd. over a debt amounting to 38.34 million RMB, which has been dismissed in the first instance[14] - The court's decision to reject the plaintiff's claims is expected to have no impact on the company's current financial performance[14] - The company has ongoing litigation with a total estimated liability of 1,033.85 million yuan related to a sales contract dispute[15] - The company has incurred a liability of 132.79 million yuan related to a lawsuit against Zhejiang Huangtai Industrial Development Co., Ltd.[16] - The company is actively involved in legal proceedings that may affect its financial position and operations[15] - The company has been involved in multiple legal disputes, which are being monitored closely for their potential financial implications[15] - The company is focused on resolving ongoing litigation to stabilize its financial outlook[15] - The company continues to engage in strategic legal settlements to mitigate financial risks associated with litigation[15] Future Outlook - The company plans to continue optimizing its product structure and expanding its customer base to drive future growth[9] - There is no indication of market expansion or acquisition strategies mentioned in the latest financial report[13] - The report does not provide specific user data or performance guidance for future quarters[13] - The company has not disclosed any new strategic initiatives in the recent earnings call[13]
皇台酒业(000995) - 2022 Q2 - 季度财报
2022-08-25 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was ¥70,598,189.80, representing a 179.60% increase compared to ¥25,249,370.93 in the same period last year[20]. - The net profit attributable to shareholders was ¥2,973,091.00, a significant turnaround from a loss of ¥12,073,866.68 in the previous year, marking a 124.62% improvement[20]. - The net cash flow from operating activities was ¥3,089,576.29, compared to a negative cash flow of ¥13,790,263.51 in the same period last year, reflecting a 122.40% increase[20]. - Basic earnings per share improved to ¥0.02 from a loss of ¥0.07, indicating a 128.57% increase[20]. - The gross profit margin for the company was 66.13%, which is an increase of 10.62% compared to the previous year[47]. - The total operating costs for the first half of 2022 amounted to CNY 67,141,141.18, compared to CNY 38,621,920.59 in the first half of 2021, indicating an increase of about 73.7%[167]. - The total comprehensive income for the first half of 2022 was CNY 5,438,819.13, a significant recovery from a loss of CNY 1,434,019.18 in the same period of 2021[173]. Assets and Liabilities - Total assets at the end of the reporting period were ¥487,170,087.86, up 2.97% from ¥473,108,649.41 at the end of the previous year[20]. - The total liabilities increased to CNY 358,307,520.45 from CNY 350,048,464.81, marking a rise of about 2.5%[161]. - The total equity attributable to shareholders was CNY 127,572,419.60, compared to CNY 123,060,184.60 at the start of the year, showing an increase of approximately 3.9%[161]. - The company's monetary funds at the end of the reporting period amounted to CNY 326,887.29, frozen due to a loan dispute with Shanghai Kunwei Investment Holding Co., Ltd.[75]. - Fixed assets totaled CNY 12,183,835.10, with significant portions under court seizure due to various disputes, including a property with a book value of CNY 8,618,100.00[75]. Market and Product Strategy - The company operates in the white wine and grape wine production and sales, with major brands including "Huangtai" and "Liangzhou Huangtai" covering high, medium, and low-end consumer segments[28]. - The company aims to strengthen its market position by implementing a regional brand strategy for "Huangtai" and expanding the "Liangzhou" brand into major cities like Beijing and Guangzhou[34]. - The company’s product structure includes high-end series like "Huangtai Classic" and "窖底原浆," catering to diverse consumer preferences[28][31]. - The company has established sales subsidiaries in key cities and is expanding its market presence both online and offline[42]. - The marketing strategy includes a series of promotional activities and brand awareness campaigns to strengthen consumer recognition[42]. Awards and Recognition - The company has received multiple awards for its products, including the "青酌奖" for "窖底原浆 18" and "金六鼎" in various competitions since 2019[35][36]. - The company has won multiple awards for its wine products, including gold and silver medals at various international competitions, enhancing its brand recognition[37][40]. - The company has been recognized as one of the top 100 enterprises in the Chinese white wine industry and has received numerous quality and integrity awards[34]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The company has implemented a comprehensive safety management system to mitigate risks associated with flammable materials in its inventory[90]. - The company has established a standardized corporate governance structure in compliance with relevant laws and regulations, enhancing decision-making effectiveness and promoting sustainable development[102]. - The company has maintained a diversified investor communication mechanism, including annual performance briefings and various channels for investor interaction[103]. Legal and Regulatory Matters - The company is currently resolving various legal disputes that have resulted in the freezing of significant assets, impacting its operational capacity[75]. - There were significant litigation matters involving a total amount of 3,834.29 million yuan, which did not impact the current period's profit and loss[119]. - The company has disclosed ongoing litigation matters in the important matters section of its reports, ensuring transparency[123]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 42,248[145]. - Beijing Huangtai Trading Co., Ltd. holds 13.90% of shares, totaling 24,667,900 shares, with 24,100,000 shares pledged[145]. - The total number of unrestricted shares is 177,408,000, representing 100% of the total shares[143]. - The company has not reported any share repurchase progress during the reporting period[143]. Future Outlook - The company plans to enhance its market expansion strategies, focusing on increasing brand presence and product distribution channels[184]. - Research and development efforts are being prioritized to innovate new products and improve existing offerings, aiming for a competitive edge in the market[184]. - The company has set a performance guidance for the next quarter, projecting a revenue growth of approximately 10% year-over-year[184].
皇台酒业(000995) - 2022 Q1 - 季度财报
2022-04-27 16:00
Revenue and Profitability - Revenue for Q1 2022 reached ¥33,823,126.84, a 183.15% increase compared to ¥11,945,293.61 in the same period last year[2] - Net profit attributable to shareholders was ¥1,575,363.65, a 136.61% increase from a loss of ¥4,302,636.07 in the previous year[2] - Basic earnings per share improved to ¥0.0089 from a loss of ¥0.0243, reflecting a 136.63% increase[2] - Operating profit for the current period was ¥1,646,891.48, compared to a loss of ¥5,046,608.20 in the previous period, marking a turnaround in profitability[20] - Net profit for the current period was ¥1,575,363.65, recovering from a net loss of ¥4,302,636.07 in the previous period[20] - Basic and diluted earnings per share for the current period were both ¥0.0089, compared to a loss of ¥0.0243 per share in the previous period[21] Assets and Liabilities - Total assets increased by 1.64% to ¥480,883,158.54 from ¥473,108,649.41 at the end of the previous year[2] - Total assets at the end of the period were ¥480,883,158.54, an increase from ¥473,108,649.41 at the beginning of the year[16] - Total liabilities increased to ¥355,478,038.29 from ¥350,048,464.81, reflecting a rise of approximately 1.2%[17] - Current assets totaled ¥216,584,439.71, up from ¥206,189,108.88, indicating a growth of about 5.5%[16] Cash Flow - The company experienced a 294.67% decrease in net cash flow from operating activities, dropping to -¥3,643,258.39[6] - Operating cash inflow totaled CNY 32,290,101.37, an increase of 36.5% from CNY 23,700,544.79 in the previous period[24] - Operating cash outflow amounted to CNY 35,933,359.76, up 64.5% from CNY 21,829,041.49 in the prior period[24] - Net cash flow from operating activities was CNY -3,643,258.39, compared to CNY 1,871,503.30 in the last period, indicating a significant decline[24] - Investment cash outflow was CNY 503,911.50, a substantial increase from CNY 27,240.00 in the previous period[25] - Net cash flow from investing activities was CNY -503,911.50, worsening from CNY -27,240.00 in the last period[25] - Financing cash outflow totaled CNY 818,749.90, down 78.0% from CNY 3,728,610.66 in the previous period[25] - Net cash flow from financing activities was CNY -818,749.90, compared to CNY -3,728,610.66 in the last period, reflecting improved cash management[25] - The ending cash and cash equivalents balance was CNY 4,649,740.61, a decrease from CNY 4,938,512.03 in the previous period[25] - The company reported a significant increase in cash outflows related to employee payments, totaling CNY 9,052,603.26, compared to CNY 4,999,930.08 previously[24] - The company’s cash flow from operating activities was negatively impacted by a net cash outflow of CNY 4,965,919.79 during the period[25] Operating Costs and Expenses - Operating costs rose by 187% in line with the increase in revenue, indicating a proportional cost structure[6] - The company reported a 57% increase in sales expenses, driven by higher salaries, promotions, and advertising costs[6] - Total operating costs amounted to ¥32,176,244.47, up from ¥17,515,271.14, indicating a rise of about 83.6%[19] Legal and Compliance - The company reported a litigation amount of 38.34 million yuan, which was dismissed by the first-instance court, indicating no impact on current profits[11] - A total of 14.11 million yuan is involved in a sales contract dispute, with expected liabilities already accounted for in previous years, not affecting current profits[11] - The company has reached an execution settlement in a dispute involving 10.34 million yuan, with related liabilities already recognized in prior periods, thus not impacting current profits[11] - The company faced a judgment of 1.82 million yuan in a loan dispute, with provisions made in previous years for legal fees and litigation costs, impacting the current period[12] - A total of 1.33 million yuan was involved in a sales contract dispute, with expected liabilities already recognized in prior periods, not affecting current profits[12] - The company has ongoing litigation cases that may affect future financial performance, with several cases still in the execution phase[11][12] - The company disclosed significant litigation developments in its semi-annual and quarterly reports, ensuring transparency with investors[12] - The company is actively managing its legal risks and has made provisions for potential liabilities in its financial statements[11][12] - The company continues to monitor and report on its litigation status, reflecting its commitment to compliance and risk management[12] Accounting Standards - The financial statements as of March 31, 2022, are prepared in accordance with relevant accounting standards, providing a clear view of the company's financial position[14]
皇台酒业(000995) - 2021 Q4 - 年度财报
2022-04-27 16:00
Financial Performance - The company reported a significant change in its stock abbreviation to *ST Huangtai, indicating potential financial distress[15] - The company plans not to distribute cash dividends or issue bonus shares, reflecting a focus on retaining capital[5] - The company's operating revenue for 2021 was ¥91,088,143.37, a decrease of 10.42% compared to ¥101,688,478.58 in 2020[22] - The net profit attributable to shareholders was -¥13,554,764.99, representing a decline of 140.48% from ¥33,483,757.27 in the previous year[22] - The net profit after deducting non-recurring gains and losses was -¥18,488,424.79, a decrease of 460.06% compared to ¥5,134,871.84 in 2020[22] - The company's cash flow from operating activities was -¥2,064,303.20, worsening by 108.40% from -¥990,562.96 in 2020[22] - The total assets at the end of 2021 were ¥473,108,649.41, an increase of 3.60% from ¥456,663,675.52 at the end of 2020[22] - The net assets attributable to shareholders decreased by 8.01% to ¥123,060,184.60 from ¥133,778,015.07 in 2020[22] - The company's total revenue for the reporting period was CNY 91,088,143.37, representing a year-on-year decrease of 9.1%[47] - The gross profit margin for the overall business was 59.04%, down 12.33% year-on-year[47] Market and Industry Position - The company operates in a competitive market where the demand for high-end liquor continues to grow despite an overall decline in production[34] - The company has been recognized as one of the top 100 enterprises in China's liquor industry and has received multiple awards for product quality and brand influence[36] - The company operates two major brands in the liquor sector: "Huangtai" and "Liangzhou Huangtai," with a product range that includes high-end and mid-range offerings[40] - The white liquor industry in China saw a sales revenue increase of 18.60% to ¥6,033 billion in 2021, with a total profit of ¥1,702 billion, up 33%[33] - The company aims to expand its market presence in first-tier cities such as Beijing, Guangzhou, and Shenzhen for its wine products[36] Production and Sales - The production volume of finished white liquor was 840.61 tons, up 20.46% year-on-year, while sales volume increased by 21.33% to 880.09 tons[61] - The inventory of finished white liquor decreased by 5.45% to 685.04 tons, indicating improved sales performance[61] - The production of finished wine decreased by 32.90% to 16.17 tons due to reduced market sales[62] - The company employs a dual sales model, utilizing both distribution and direct sales channels, including e-commerce platforms like Tmall and JD[46] - The company has a 5,000-acre vineyard in the Hexi Corridor, aiming to produce high-quality grapes and wines that meet international standards[41] Strategic Initiatives - The company aims to enhance brand influence by integrating cultural elements from the Liangzhou region into its products[112] - The company intends to strengthen production and research management to continuously improve product quality[113] - The company is focusing on market segmentation management and developing new customers in previously untapped areas within Gansu province[115] - The company plans to expand production capacity and strengthen old liquor reserves to improve core competitiveness[115] - The company is enhancing supply chain and production management to improve operational efficiency[116] Governance and Compliance - The company adheres to the Shenzhen Stock Exchange's disclosure rules, ensuring timely and accurate information dissemination to all shareholders[129] - The company has established an investor relations management system to enhance communication with investors through various platforms[130] - The company has a supervisory board consisting of 3 supervisors, with at least 1/3 being employee representatives[128] - The company respects the rights of stakeholders, aiming for a balance of interests among shareholders, employees, and society[132] - The company has a transparent governance structure with no changes in shareholding among directors and supervisors during the reporting period[138] Risks and Challenges - The company acknowledges risks from industry competition, particularly from leading brands like Kweichow Moutai and Wuliangye, and plans to optimize product structure and marketing networks[117] - The company faces risks from rising raw material prices and aims to control procurement costs to mitigate impacts[119] - The company is monitoring the ongoing COVID-19 pandemic to minimize its impact on production and operations[121] - The company reported a net profit of negative value for the last fiscal year, with operating revenue below 100 million yuan, leading to a risk warning for delisting[200] Future Outlook - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[140] - New product development includes the launch of a premium liquor line, projected to contribute an additional 100 million CNY in revenue in 2022[140] - The management has set a performance guidance for 2022, projecting a revenue growth of 20% and a net profit increase of 15%[153] - Gansu Huangtai aims to expand its market presence in the southern regions of China, targeting a 25% growth in sales from these areas by the end of 2022[153] - The company is investing 50 million CNY in new technology for production efficiency, expected to reduce costs by 15%[153]
皇台酒业(000995) - 2021 Q3 - 季度财报
2021-10-25 16:00
甘肃皇台酒业股份有限公司 2021 年第三季度报告 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 证券代码:000995 证券简称:皇台酒业 公告编号:2021-048 甘肃皇台酒业股份有限公司 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: 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入(元) | 11,350,985.37 | -24.40% | 36,600,356.30 | -32.67% | | 归属于上市公司股东 | -4,4 ...
皇台酒业(000995) - 2021 Q2 - 季度财报
2021-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was CNY 25,249,370.93, a decrease of 35.82% compared to CNY 39,342,270.39 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of CNY 12,073,866.68, representing a decline of 500.00% from a profit of CNY 3,018,454.15 in the previous year[20]. - The net cash flow from operating activities was a negative CNY 13,790,263.51, worsening by 80.18% compared to a negative CNY 7,653,703.47 in the same period last year[20]. - The basic and diluted earnings per share were both CNY -0.07, a decrease of 450.00% from CNY 0.02 in the previous year[20]. - The total assets at the end of the reporting period were CNY 453,934,819.40, a decrease of 0.60% from CNY 456,663,675.52 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 8.07% to CNY 122,978,225.78 from CNY 133,778,015.07 at the end of the previous year[20]. - The company's total sales revenue for the reporting period was approximately ¥25.25 million, with a notable decline in sales across various product categories[43]. - The company's total production of finished liquor decreased by 27.64% year-on-year, with sales down by 5.77% and inventory up by 7.87%[56]. - The company's retained earnings showed a negative balance, worsening from CNY -596,348,251.94 to CNY -608,422,118.62[161]. - The total comprehensive loss of CNY 12,073,866.68 for the first half of 2021, compared to a comprehensive income of CNY 3,016,914.10 in the same period of 2020[169]. Market Strategy and Product Development - The company focuses on brand building and optimizing product structure, actively expanding markets outside its home region[36]. - The company is developing new products, including "52%vol窖底原浆16" and "42%vol醉凉州," to enrich its product structure and meet new market demands[38]. - The company aims to penetrate major cities such as Fujian, Guangzhou, Shenzhen, and Beijing to promote its "凉州" brand wine[33]. - The company has established a product structure with the "Jiao Di Yuan Jiang" series as the main line, covering mid, high, and low-end consumer segments, with a target of reaching 4,500 retail outlets by year-end[39]. - The company aims to enhance brand influence and product recognition through targeted marketing activities, including inviting over 2,000 core customers for factory tours[39]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[187]. - The company has a high-quality wine grape planting base of 5,000 acres located in the Hexi Corridor, aiming to produce wines that meet international standards[29]. Sales and Distribution - The sales revenue from direct sales (including group purchases) was approximately ¥14 million, down 44.09% year-on-year, while the revenue from the distribution model was about ¥10.65 million, down 21.88% year-on-year[43]. - The company's online sales through platforms like Tmall, JD, and Douyin reached ¥2.19 million, a significant increase of 462.76% compared to the previous year[49]. - The gross profit margin for the direct sales model was 71.00%, which represents a decrease of 9.73% year-on-year, while the gross profit margin for the distribution model was 49.07%, down 25.84% year-on-year[43]. - The company has increased the number of distributors in Wuwei City to 17, a significant rise of 1,600% compared to the previous period, due to a shift from a direct sales model to a distribution-focused approach[44]. Cost and Expenses - The total expenses for the first half of 2021 amounted to 8,139,699.03 yuan, representing a 44.92% increase compared to the previous year[73]. - Employee benefits increased by 34.65% year-on-year, attributed to the growth in the number of employees[73]. - Advertising expenses surged by 539.57% year-on-year, driven by increased costs for market maintenance and expansion[73]. - The cost of raw materials, particularly sorghum and rice husks, has increased by over 30% year-on-year, impacting the cost structure of the company[53]. Cash Flow and Financing - The cash flow from financing activities showed a net increase of 9,617,379.06 CNY, with cash inflow of 17,000,000.00 CNY from financing activities[177]. - The total cash flow deficit for the period was -4,421,431.09 CNY, compared to -12,463,782.04 CNY in the previous period, indicating an improvement in cash management[177]. - The company reported a significant increase in financing cash flow net amount by 381.74%, reaching CNY 9,617,379.06[64]. Legal and Compliance Issues - The company is involved in significant litigation, with a total amount of approximately 3,834.2 million yuan related to a case with Guangdong Yirun Trading Co., Ltd.[117]. - The company has ongoing litigation matters, with some cases in the execution phase[117]. - The company has disclosed its litigation progress and related agreements in previous announcements[117]. - The company has a total of 33,814,263.00 yuan in restricted assets due to ongoing legal disputes[80]. Risk Management and Future Outlook - The company emphasizes the importance of risk awareness regarding future plans and strategies, indicating potential uncertainties in market conditions[5]. - The company acknowledges the increasing competition in the liquor industry and the need for product structure optimization and brand enhancement[88]. - The financial outlook for the next quarter remains positive, with expectations of revenue growth driven by increased consumer demand[187]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming periods[192]. Corporate Governance and Shareholder Information - The company has established a diversified investor communication mechanism to enhance engagement with shareholders[102]. - The total number of shares remained at 177,408,000, with no changes in shareholding structure[139]. - The largest shareholder, Shanghai Houfeng Investment Co., Ltd., holds 19.60% of shares, totaling 34,770,000 shares[143]. - The company’s stock was listed on the Shenzhen Stock Exchange in July 2000, with an initial issuance of 40 million shares[196].
皇台酒业(000995) - 2020 Q4 - 年度财报
2021-04-27 16:00
Financial Performance - The company's operating revenue for 2020 was ¥101,688,478.58, representing a 2.67% increase compared to ¥99,046,292.56 in 2019[19]. - The net profit attributable to shareholders decreased by 50.91% to ¥33,483,757.27 in 2020 from ¥68,213,656.28 in 2019[19]. - The net profit after deducting non-recurring gains and losses was ¥5,134,871.84, down 17.47% from ¥6,221,580.95 in 2019[19]. - The company's total assets increased by 0.46% to ¥456,663,675.52 at the end of 2020, compared to ¥454,588,336.49 at the end of 2019[19]. - The net assets attributable to shareholders rose by 47.17% to ¥133,778,015.07 at the end of 2020 from ¥90,903,247.94 at the end of 2019[19]. - The total operating revenue for 2020 was CNY 101,688,478.58, representing a year-on-year increase of 2.67% compared to CNY 99,046,292.56 in 2019[54]. - The revenue from liquor sales was CNY 88,304,679.52, accounting for 86.84% of total revenue, which decreased by 1.42% from the previous year[55]. - The revenue from grape wine decreased by 35.72% to CNY 5,097,423.72, compared to CNY 7,929,882.61 in the previous year[55]. - The company's revenue for the food and beverage sector reached ¥100,216,425.66, representing a year-on-year increase of 2.67%[57]. - The gross profit margin for the overall business was 67.35%, down 7.80% year-on-year[1]. - The gross profit margin for the food and beverage sector was 67.35%, a decrease of 7.80% compared to the previous year[57]. - The company reported a total revenue of 636.66 million yuan for the year 2020[120]. - Gansu Huangtai Liquor Co., Ltd. reported a total revenue of 1.2 billion yuan for the fiscal year 2020, representing a year-on-year increase of 15%[165]. - The company achieved a net profit of 300 million yuan in 2020, which is a 20% increase compared to the previous year[165]. Cash Flow and Financial Position - The company reported a negative cash flow from operating activities of ¥990,562.96, an improvement of 72.10% compared to a negative cash flow of ¥3,526,091.35 in 2019[19]. - The net cash flow from operating activities decreased by 7.89% to approximately ¥104.95 million in 2020 compared to ¥113.94 million in 2019[71]. - The net cash flow from investing activities saw a significant decline of 97.72%, dropping to approximately -¥2.60 million in 2020 from -¥114.21 million in 2019, primarily due to the absence of large land and property purchases[71]. - The net cash flow from financing activities decreased by 107.81%, resulting in a net outflow of approximately -¥10.81 million in 2020 compared to a net inflow of ¥138.50 million in 2019[71]. - The total cash and cash equivalents decreased significantly by 169.37%, with a net decrease of approximately -¥14.40 million in 2020 compared to an increase of ¥20.77 million in 2019[71]. - The company's inventory increased by 3.09% to approximately ¥115.47 million, representing 25.29% of total assets at the end of 2020[76]. - The company's short-term borrowings decreased by 6.28% to approximately ¥28.55 million, while long-term borrowings remained relatively stable with a slight decrease of 0.05%[76]. Business Operations and Strategy - The company has not changed its main business since its listing in 2000, which remains focused on wine production and sales[17]. - The company aims to improve its operational efficiency and sales channels as part of its strategic initiatives[29]. - The company has resumed its listing on December 16, 2020, and has accelerated new product development and cost reduction efforts[29]. - The company achieved a historical high output rate of 36.5% in liquor production, following the optimization of production processes and the renovation of over 1,000 liquor fermentation pits since May 2019[38]. - The company has a 5,000-acre grape planting base, producing wines that have won numerous awards, including gold medals at international competitions, and are recognized for their quality meeting international standards[35]. - In 2020, the company launched new product lines, including the "Jiao Di Yuan Jiang" series and upgraded existing products, enhancing its product structure and brand positioning[38]. - The company reported significant sales growth through a combination of distribution, direct sales, and online marketing strategies, with successful market expansion in regions such as Xinjiang, Ningxia, and Shaanxi[39]. - The company operates under a dual-brand strategy with "Huangtai" and "Liangzhou," focusing on both liquor and wine products, leveraging its geographical advantages for production[40]. - The company has established a comprehensive supplier management system to ensure the quality and pricing of raw materials, enhancing operational efficiency[32]. - The company has developed a marketing strategy that includes direct sales to enterprises and restaurants in Gansu province, enhancing its market presence[40]. - The company is committed to sustainable development and expanding its market presence across China, particularly in the Northwest[88]. - The company plans to innovate product categories and enhance marketing strategies to improve market share in the Northwest region[87]. Legal and Regulatory Issues - The company has been under investigation by the China Securities Regulatory Commission for information disclosure violations[115]. - The company has received administrative penalties from the Gansu Regulatory Bureau, with decisions issued in October 2020[116]. - Multiple directors and senior management personnel have been implicated in the information disclosure violations, including Hu Zhenping and Fu Yecheng[116]. - The company is currently in litigation processes regarding several disputes, which may further impact its financial performance[114]. - Gansu Huangtai Liquor Industry Co., Ltd. has been under investigation by the China Securities Regulatory Commission for information disclosure violations[115]. - The company has ongoing litigation related to securities false statements, with a total amount involved of 280.45 million yuan, which has been provisioned in previous years[113]. - The company has also faced litigation involving 631.63 million yuan related to securities false statements, which is currently in the execution phase[113]. - The company has recorded a provision for a debt dispute amounting to 3,834.29 million yuan, which is currently under trial[113]. Corporate Governance - The company has committed to maintaining the independence of its operations, assets, finances, personnel, and organization as part of its corporate governance structure[101]. - The company has pledged to avoid related party transactions, ensuring that any unavoidable transactions will adhere to fair market principles and legal procedures[101]. - The company has established measures to reduce and regulate potential related party transactions following its acquisition[102]. - The company has maintained a long-term commitment to fulfilling its promises regarding independence and avoiding competition[101][102]. - The company has outlined its commitment to transparency in its dealings with related parties, ensuring compliance with relevant laws and regulations[101]. - The company has emphasized the importance of maintaining a sound corporate governance structure to protect shareholder interests[101]. - The company has established a robust internal control system to ensure compliance with regulations and enhance governance standards[174]. - The company ensures equal treatment of all shareholders, particularly minority shareholders, in accordance with regulatory requirements[172]. - The company has not engaged in any insider trading activities or faced penalties related to insider information during the reporting period[174]. - The company has established a comprehensive performance evaluation system and compensation scheme for senior management, but no equity incentive plan was proposed during the reporting period[183]. Shareholder Structure - The company’s stock is listed on the Shenzhen Stock Exchange under the ticker 000995[13]. - The company has a total share capital of 177,000,000 shares[17]. - The largest shareholder, Shanghai Houfeng Investment Co., holds 34,770,000 shares, representing 19.60% of the total shares[144]. - Beijing Huangtai Trading Co., Ltd. holds 24,667,908 shares, accounting for 13.90% of the total shares[144]. - Gansu Western Asset Management Co., Ltd. has 8,501,583 shares, which is 4.79% of the total shares[144]. - The shareholder structure remains stable with no significant changes in the top 10 shareholders[143]. - The company reported no changes in limited shares and no new share issuance during the reporting period[142]. - The voting rights of certain shareholders have been extended until April 11, 2025, indicating ongoing strategic agreements[144]. - The major shareholders include Gansu Shengda Group Co., Ltd. with a stake of 31.30% in Gansu Huangtai Liquor Co., Ltd.[146]. Employee and Management Information - The total number of employees in the company is 388, with 16 in the parent company and 372 in major subsidiaries[168]. - The company has a total of 388 employees, including 113 production personnel, 102 sales personnel, 42 technical personnel, 14 financial personnel, 13 administrative personnel, and 104 others[168]. - The compensation for senior management is determined by the board's compensation and assessment committee, based on monthly performance salaries and annual bonuses[167]. - The total pre-tax compensation for the Vice General Manager and Chief Engineer is 16.5 million, while the Financial Director's compensation is 1.67 million[167]. - The company emphasizes a compensation policy that prioritizes efficiency and fairness, with a focus on high-skill and high-responsibility positions[169]. - The company has implemented a training plan for new employees, focusing on professional skills and safety knowledge, including food safety and fire safety training[170]. - The current board includes 8 members, with 5 being male and 3 female, reflecting a diverse leadership structure[159]. - The company has experienced changes in its board, with three directors leaving due to term expiration or personal reasons in 2020[158]. - The current chairman, Zhao Haifeng, has a background in regional economics and has held various governmental positions prior to his current role[159]. - The company’s total number of independent directors is 4, ensuring compliance with governance standards[157]. Market Trends and Industry Context - The Chinese liquor industry saw a 2.9% increase in sales revenue in 2020, indicating a positive market trend for the company[29]. - The company is exposed to industry competition risks, particularly from leading brands like Kweichow Moutai and Wuliangye[89]. - The company faces risks from macroeconomic fluctuations that could impact sales volume and overall performance[89]. - The company is at risk of rising raw material costs affecting production expenses, including grains and packaging materials[89]. - The company plans to launch two new product lines in 2021, aiming to capture a 10% market share in the premium liquor segment[165]. - Market expansion efforts include entering three new provinces, targeting a revenue increase of 100 million yuan from these regions[165]. - Gansu Huangtai is considering strategic acquisitions to enhance its distribution network, with a budget of 200 million yuan allocated for potential deals[165].