Financial Performance - Total revenue for Q1 2020 was CNY 1,294,864,150.76, an increase of 14.96% compared to CNY 1,126,381,584.74 in the same period last year[7] - Net profit attributable to shareholders was CNY 97,778,416.99, up 10.26% from CNY 88,680,620.08 year-on-year[7] - Net profit excluding non-recurring gains and losses reached CNY 97,414,443.04, representing a 29.22% increase from CNY 75,387,220.56 in the previous year[7] - Basic and diluted earnings per share were both CNY 0.23, reflecting a 4.55% increase from CNY 0.22 in the previous year[7] - The company reported a net profit margin improvement, with net profit increasing year-over-year, although specific figures were not disclosed in the provided data[43] - The company's net profit for the current period is 99,199,268.19, an increase from 93,901,073.69 in the previous period, representing a growth of approximately 5.0%[45] - Operating profit for the current period is 120,755,955.30, slightly down from 122,151,537.19, indicating a decrease of around 1.1%[45] - The company reported a significant reduction in financial expenses, down to 3,121,430.40 from 6,830,395.93, a decrease of approximately 54.4%[45] - Sales expenses increased to 97,974,193.42 from 84,599,751.61, marking an increase of about 15.5%[45] - The tax expenses decreased significantly to 22,015,661.11 from 28,456,060.68, reflecting a reduction of approximately 22.5%[45] - The company reported a credit impairment loss of -4,695,993.23, indicating a negative impact on financial performance[45] - The company’s management expenses were reported at 21,004,570.26, up from 16,326,986.92, an increase of about 28.0%[45] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 265,094,495.54, a significant decline of 9,427.75% compared to negative CNY 2,782,339.64 in the same period last year[7] - Cash flow from operating activities showed a net outflow of CNY 26,509,450, a decline of 9,427.75% year-on-year, attributed to increased cash payments for goods and services[18] - The cash inflow from operating activities totaled CNY 1,251,777,772.41, a decrease of 4.7% compared to CNY 1,314,137,743.26 in the previous period[54] - The cash outflow from operating activities amounted to CNY 1,516,872,267.95, an increase of 15.2% from CNY 1,316,920,082.90 in the prior period[56] - The total cash and cash equivalents at the end of the period were CNY 550,160,185.81, down from CNY 1,024,926,596.44 in the previous period[61] - The company reported a significant decrease in cash received from sales, totaling CNY 185,644,743.43, compared to CNY 482,148,720.63 in the prior period[59] - The company paid CNY 474,031,872.55 for goods and services, a decrease from CNY 585,274,551.83 in the previous period[59] - The company experienced a cash decrease of CNY -366,417,905.06 during the period, compared to an increase of CNY 917,909,318.61 in the previous period[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,058,689,223.17, a decrease of 1.93% from CNY 4,138,472,440.33 at the end of the previous year[7] - Current liabilities decreased to CNY 1,401,857,530.31 from CNY 1,580,166,745.97, representing a reduction of approximately 11.3%[37] - The total equity attributable to shareholders increased to CNY 2,604,716,261.74 from CNY 2,507,611,114.43, marking an increase of about 3.9%[37] - Accounts receivable increased by 77.29% to CNY 110,904,400, primarily due to unsettled receivables from large KA stores[17] - Fixed assets rose by 369.57% to CNY 43,574,400, mainly due to the implementation of a fundraising project for a product R&D center[17] - The company reported an increase in accounts receivable from ¥62,556,771.24 on December 31, 2019, to ¥110,904,437.63 on March 31, 2020, indicating a rise of approximately 77.2%[33] - The company's inventory decreased from ¥1,669,894,822.66 on December 31, 2019, to ¥1,443,086,642.25 on March 31, 2020, reflecting a reduction of about 13.5%[33] - Inventory decreased to CNY 391,094,809.25 from CNY 436,952,193.21, a decline of approximately 10.5%[41] Business Operations and Strategy - The company launched new products, including the "Fishing Platform Boutique (Iron Cap) Wine," which contributed significantly to sales and profits[19] - The e-commerce business, "Huazhi Youxuan," has shown significant operational improvement and has become a new growth point for revenue[19] - The company launched the "Huazhi Youxuan" WeChat mini-program to enhance its online and offline retail integration, aiming to improve store quality and efficiency[25] - The company has shifted its product R&D center's location from Diqing to Beijing, with an investment of ¥60 million for the project[26] - The company has successfully completed the termination of the "Information Technology Marketing System Construction Project" and the "Product R&D Center Construction Project," reallocating the remaining funds for permanent working capital[27] - The company is leveraging the rapid development of e-commerce in the liquor industry to enhance brand promotion and sales efficiency through various online platforms[25] - The logistics sector's development has allowed the company to reduce the necessity of building its own warehousing and logistics systems, relying instead on third-party logistics services[25] - The company terminated the "Marketing Network Construction Project" and redirected the remaining funds to supplement working capital due to significant changes in project feasibility and the impact of the COVID-19 pandemic[25] - The company has invested CNY 2,934,280 in marketing network construction, achieving 4.88% of the planned investment[23] Miscellaneous - The company did not have any non-recurring gains or losses classified as recurring during the reporting period[7] - The company did not undergo an audit for the first quarter report[62] - The company has not reported any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[30]

华致酒行连锁管理股份有限公司 2019 年第三季度报告全文 华致酒行连锁管理股份有限公司 2019 年第三季度报告 2019 年 10 月 1 华致酒行连锁管理股份有限公司 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。 公司负责人彭宇清、主管会计工作负责人梁芳斌及会计机构负责人(会计主 管人员)王倩声明：保证季度报告中财务报表的真实、准确、完整。 2 华致酒行连锁管理股份有限公司 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|------- ...

Financial Performance - Total revenue for the first half of 2019 reached ¥1,891,698,387.43, representing a 32.89% increase compared to ¥1,423,473,753.89 in the same period last year[22] - Net profit attributable to shareholders was ¥200,886,278.55, up 45.40% from ¥138,165,648.47 year-on-year[22] - Net profit after deducting non-recurring gains and losses was ¥177,367,777.67, a 37.39% increase from ¥129,097,449.32 in the previous year[22] - Basic earnings per share increased to ¥0.91, reflecting a 13.75% growth from ¥0.80 in the same period last year[22] - The company achieved a revenue of 1,891.70 million RMB in the first half of 2019, representing a year-on-year growth of 32.89%[64] - The net profit for the same period was 204.56 million RMB, an increase of 46.44%, with the net profit attributable to shareholders reaching 200.89 million RMB, up by 45.40%[64] Assets and Liabilities - Total assets as of the end of the reporting period were ¥3,510,062,911.06, a 31.34% increase from ¥2,672,517,626.28 at the end of the previous year[25] - The total current assets as of June 30, 2019, amounted to ¥2,621,510,681.36, a rise from ¥1,958,732,154.56 at the end of 2018, indicating a growth of about 33.8%[190] - Total assets increased to ¥2,961,153,039.10 as of June 30, 2019, compared to ¥2,310,761,707.07 at the end of 2018, marking a growth of approximately 28.1%[196] - Total liabilities decreased to ¥845,663,957.25 from ¥1,182,245,064.17 in the previous year, reflecting a reduction of about 28.5%[196] - The total share capital as of the last trading day before the report was 231,554,667 shares[25] Cash Flow - The company reported a net cash flow from operating activities of -¥181,376,057.98, which is a decline of 131.80% compared to -¥78,246,597.18 in the previous year[22] - The net cash flow from financing activities was ¥979,776,446.51, a significant increase of 15,574.68% from -¥6,331,482.39, mainly due to cash received from stock issuance[71] - Cash and cash equivalents increased by ¥793,535,875.36, a rise of 1,028.51% compared to -¥85,463,031.50 in the previous year[71] - Cash and cash equivalents rose significantly to ¥919,204,137.70 from ¥266,177,343.45, showing an increase of approximately 245.5%[189] Investments and Capital - The company invested ¥153,960,000.00 during the reporting period, a 100% increase compared to ¥0.00 in the same period last year[78] - The company has cumulatively invested ¥15,396.00 million of the raised funds, with no changes in the use of funds reported[80] - The company plans to increase its capital stock by 8 shares for every 10 shares held, based on a total of 231,554,667 shares, resulting in a total capital increase of 1,045,661,893.42 CNY[103] - The company issued 57,888,667 new shares, increasing the total share capital from 173,666,000 to 231,554,667[141] Market and Competition - The company is facing increased market competition due to the rise of e-commerce and the diversification of retail terminals[97] - The market for alcoholic beverages has experienced significant price fluctuations, influenced by rising national income and changing consumer behavior[98] - The company is at risk of counterfeit products in the alcohol distribution industry, which could harm its brand reputation[99] Operational Efficiency - The company has established a comprehensive marketing network covering various channels, including chain liquor stores, retail outlets, and e-commerce, enhancing its market presence[34] - The company has established a nationwide direct supply network, enhancing efficiency by eliminating traditional distribution intermediaries, which has strengthened its market influence and competitiveness[47] - The company operates 22 warehouses across 16 provinces and 3 municipalities, optimizing logistics and inventory management to enhance operational efficiency[56] - The company has implemented a flat sales network that connects directly with end consumers, allowing for rapid response to market trends and consumer demands[48] Product Development and Innovation - The company actively participates in product development, collaborating with distilleries to create market-demand-driven products, enhancing its product offerings[34] - The company has developed a comprehensive product system with nearly 4,000 types of domestic and international premium alcoholic beverages, catering to diverse consumer preferences[54] - The company has successfully developed new products and obtained general agency rights, continuously creating new business growth points[51] Shareholder and Governance - The annual shareholders' meeting had a participation rate of 75.01% on May 9, 2019[102] - The company has maintained a stable and positive profit distribution strategy to ensure long-term returns to shareholders[103] - The company has not engaged in any major related party transactions during the reporting period[114] - The company has no significant litigation or arbitration matters during the reporting period[109] Audit and Compliance - The company’s financial report for the half-year has been audited by Da Hua Accounting Firm, with an audit fee of 600,000 CNY[107] - The company reported a standard unqualified audit opinion for the half-year report, indicating no significant issues found during the audit[175]

华致酒行连锁管理股份有限公司 2019 年第一季度报告全文 华致酒行连锁管理股份有限公司 2019 年第一季度报告 2019 年 04 月 1 华致酒行连锁管理股份有限公司 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。 公司负责人彭宇清、主管会计工作负责人梁芳斌及会计机构负责人(会计主 管人员)王倩声明：保证季度报告中财务报表的真实、准确、完整。 2 华致酒行连锁管理股份有限公司 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 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 ...

Financial Performance - The company's operating revenue for 2018 was ¥2,720,804,229.54, representing a 13.06% increase from ¥2,406,518,403.67 in 2017[23]. - The net profit attributable to shareholders for 2018 was ¥224,872,734.80, a 10.94% increase compared to ¥202,700,951.33 in 2017[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥207,492,987.88, which is a 22.66% increase from ¥169,162,760.08 in 2017[23]. - The net cash flow from operating activities was negative at -¥241,264,509.24, a decline of 166.08% compared to ¥365,095,328.30 in 2017[23]. - The total assets at the end of 2018 were ¥2,672,517,626.28, reflecting a 35.13% increase from ¥1,977,753,918.59 at the end of 2017[23]. - The net assets attributable to shareholders at the end of 2018 were ¥1,348,626,001.38, up 19.87% from ¥1,125,037,986.10 at the end of 2017[23]. - The basic earnings per share for 2018 was ¥1.29, a 10.26% increase from ¥1.17 in 2017[23]. - The diluted earnings per share for 2018 was also ¥1.29, reflecting the same 10.26% increase from ¥1.17 in 2017[23]. - The company reported a significant decrease in cash flow from operating activities, indicating potential liquidity challenges[28]. Market Dynamics - The company faces intensified market competition due to the rise of e-commerce and the diversification of retail terminals, impacting traditional distribution channels[7]. - The company operates in a competitive liquor distribution market with a low concentration of major players, leading to increased competition[7]. - The company acknowledges the risks associated with market price volatility and the potential impact on its revenue[8]. - The company is focused on transforming its business model in response to changing consumer preferences and market dynamics[7]. - The market trend shows a shift towards brand loyalty and quality, with leading brands like Moutai and Wuliangye gaining market share[112]. - The retail landscape is evolving with a focus on digital transformation and the integration of online and offline sales channels[112]. Consumer Trends - The production of liquor in China has shown a compound annual growth rate of 6.68% from 2002 to 2018, increasing from 3.69 million kiloliters to 10.38 million kiloliters[44]. - The liquor import volume in 2018 reached 2.37 million kiloliters, with an import value of approximately $5.60 billion, marking an 18.15% year-on-year growth[46]. - Per capita disposable income in China rose from ¥18,310.80 in 2013 to ¥28,228.00 in 2018, reflecting a significant increase in consumer spending power[51]. - The per capita consumption expenditure on food, tobacco, and alcohol increased from ¥4,126.70 in 2013 to ¥5,631.00 in 2018, with an annual growth rate of 6.43%[51]. - The consumption of white liquor is expected to reach 15.15 million kiloliters by 2020, driven by rising demand for premium brands[52]. - The number of middle-class consumers in China reached 109 million, representing a substantial market for premium liquor consumption[78]. Product and Brand Strategy - The company aims to enhance its marketing network and product offerings to meet the evolving market demands in the liquor industry[39]. - The company has established a unique product authenticity system, enhancing its credit rating in the consumer market[89]. - The company has been recognized as a "China Famous Trademark" and has received multiple awards from major liquor brands, indicating strong brand recognition[88]. - The company has developed a comprehensive product system with nearly 4,000 types of products, including well-known brands like Moutai and Wuliangye, catering to diverse consumer preferences[101]. - The company's product selection and development strategy has created new business growth points, ensuring continuous revenue generation[100]. Distribution and Sales Channels - The company has established a nationwide direct supply network, eliminating traditional distribution intermediaries and improving efficiency[93]. - The company has nearly 4,000 retail store clients, allowing for quick delivery and reduced procurement costs for customers[96]. - The company has entered over 20 large supermarkets and is actively expanding its online sales channels through platforms like JD.com and Tmall[97]. - The company has expanded its retail network by adding 556 new retail store clients, establishing a solid foundation for further development of the Huazhi Wine Cellar channel[91]. - The company has developed 62 terminal suppliers to enhance its business coverage and leverage the strengths of these suppliers in the traditional sales channels[92]. Financial Policies and Dividends - The company plans to distribute a cash dividend of 2.00 yuan (including tax) for every 10 shares based on a total of 231,554,667 shares, with no bonus shares issued[10]. - The total distributable profit for the fiscal year 2018 was 651,592,973.28 CNY, with the cash dividend amount accounting for 100% of the total profit distribution[152]. - The company has a clear and transparent profit distribution decision-making process, ensuring the protection of minority shareholders' rights[152]. - The company is in a mature development stage and aims to maintain a minimum cash dividend ratio of 80% during profit distribution[152]. - The company maintains a profit distribution policy that emphasizes continuity and stability, prioritizing reasonable returns for investors, with a minimum cash dividend of 10% of the distributable profit for the year[165]. Risk Management and Compliance - The company recognizes market competition risks and aims to adjust its sales strategies based on market dynamics and customer needs[148]. - The company is sensitive to market price fluctuations and plans to adjust its operational policies accordingly to mitigate impacts on profitability[148]. - The company guarantees compliance with legal regulations and internal procedures when reviewing related party transactions to protect its interests[177]. - The company has committed to not selling alcoholic products to related parties and will cease purchasing products from related alcoholic enterprises for sales[180]. - The company will ensure that any cash dividends from wholly-owned or controlled subsidiaries are paid to the company before distributing dividends to shareholders[171].