证券代码：000721 证券简称：西安饮食 公告编号：2023—017 西安饮食股份有限公司 关于参加"2023年陕西辖区上市公司投资者集体接待日 暨2022年度业绩说明会"的公告 活动时间：2023 年 5 月 16 日 15:00-17:00 活动地址："全景路演" 网址：http://rs.p5w.net 为充分、高效与投资者进行沟通与交流，投资者可提前登录全景网 （https://ir.p5w.net/zj）进入"业绩说明会问题征集"向公司提问， 公司将在 2022 年度业绩说明会上对投资者普遍关注的问题进行交流。 特此公告 西安饮食股份有限公司董事会 2023 年 5 月 8 日 本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。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度， 加强与广大投资者沟通交流，进一步提升投资者关系管理水平，陕西上 市公司协会根据陕西证监局工作部署，联合深圳市全景网络有限公司举 办"2023 年陕西辖区上市公司投资者集体接待日暨 2022 年度业绩说明会 活动"。 届时，公司董事长及相关高管人员将通过互动平台与投资者进 ...

Financial Performance - The company's operating revenue for 2022 was ¥484,760,839.59, a decrease of 6.65% compared to ¥519,291,157.04 in 2021[20] - The net profit attributable to shareholders was -¥221,457,774.42, representing a decline of 31.28% from -¥168,685,966.35 in the previous year[20] - The net cash flow from operating activities was -¥37,833,959.61, a significant drop of 198.85% compared to ¥38,273,310.86 in 2021[20] - The basic earnings per share for 2022 was -¥0.3901, down 15.41% from -¥0.3380 in 2021[20] - The weighted average return on net assets was -35.58% in 2022, compared to -31.06% in 2021, indicating a worsening financial performance[20] - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to -¥229,374,728.58 in 2022, down 29.81% from -¥176,694,363.52 in 2021[20] - The company reported a total revenue after deducting fixed asset rental income of ¥453,717,567.05 in 2022, down from ¥484,821,479.89 in 2021[20] Revenue Breakdown - The restaurant service segment generated ¥327.76 million, accounting for 67.61% of total revenue, reflecting a decline of 13.21% from the previous year[41] - The production segment saw an increase in revenue to ¥115.16 million, representing 23.76% of total revenue, with a growth rate of 18.66%[41] - The food industrial segment's revenue grew by 18.66%, driven by the introduction of over 20 new products and a 25.34% increase in sales of mooncake products during the Mid-Autumn Festival[38] - E-commerce revenue increased by 31.6% year-on-year, reflecting successful online marketing strategies[40] Operational Changes - The company plans not to distribute cash dividends or issue bonus shares[5] - The company implemented a management reform strategy, signing contracts with 59 managerial staff to enhance operational efficiency[37] - The company launched 15 new projects and upgraded existing locations, including collaborations with local transport services for themed dining experiences[38] - The company expanded its community service initiatives by opening multiple convenience stores and senior dining facilities in local neighborhoods[38] Government Support and Subsidies - The company received government subsidies amounting to approximately ¥8.2 million in 2022, down from ¥11.1 million in 2021, indicating a decrease in government support[26] Awards and Recognition - The company has been recognized with 49 honors during the reporting period, including the prestigious "Golden Tripod Award" in the restaurant industry[31] - The company has been recognized as a leading player in the restaurant industry, ranking 33rd among China's dining enterprises according to the China Hotel Association[30] Strategic Initiatives - The company aims for sustainable development by leveraging its unique brand heritage and culinary expertise, positioning itself for future growth in the competitive market[35] - The company is actively expanding its product offerings, including ready-to-eat meals and traditional snacks, with a focus on enhancing product quality and market reach[34] - The company has integrated cultural elements into its business strategy, enhancing its brand and product offerings through community engagement and B2B sales[34] Management and Governance - The company has maintained compliance with governance regulations, ensuring independent operations and protecting minority shareholders' rights[87] - The company emphasizes the protection of stakeholders' rights, fostering communication with consumers and suppliers to balance interests[89] - The company has established an independent human resources and financial management system, ensuring operational independence from its controlling shareholders[92] - The company held its 2021 annual general meeting with a participation rate of 42.69%, where key reports and proposals were approved[93] Employee and Management Structure - The total number of employees at the end of the reporting period is 3,624, with 2,609 from the parent company and 1,015 from major subsidiaries[120] - The professional composition includes 1,468 production personnel, 1,874 technical personnel, 65 sales personnel, 69 financial personnel, and 148 administrative personnel[120] - The company is focusing on talent development by adjusting educational programs and enhancing training mechanisms to support its new central kitchen and community restaurant chain initiatives[78] Financial Reporting and Audit - The audit report issued by Sigma Accounting Firm states that the financial statements fairly reflect the company's financial position as of December 31, 2022[193] - The company’s financial statements were prepared in accordance with the accounting standards and reflect its operational results for the year 2022[193] - The audit identified revenue recognition as a key audit matter due to inherent risks associated with management's manipulation of revenue recognition timing to meet specific targets[195] Shareholder Relations and Capital Management - The company raised a total of ¥30,392.51 million through a non-public offering, with a net amount of ¥29,945.93 million after deducting fees[62] - The shareholding structure changed, with the total number of shares increasing from 499,055,920 to 573,914,308, resulting in a new ownership percentage of 24.04% for the major shareholder[168] - The major shareholder, Xi'an Tourism Group, fully subscribed to the new shares and is subject to a 36-month lock-up period[169] Environmental and Social Responsibility - The company has continuously donated to the Xi'an Children's Welfare Institute for 15 years, demonstrating its commitment to social responsibility[136] - The company is committed to maintaining shareholder rights and has established a governance structure to protect these interests[136] - The company has implemented energy-saving management, focusing on water, electricity, and gas consumption, with strict assessments of energy-saving targets[136]

Financial Performance - The company's operating revenue for Q1 2023 was ¥176,383,545.76, representing a 53.51% increase compared to ¥114,899,109.63 in the same period last year[8] - The net profit attributable to shareholders was -¥31,125,948.51, an improvement of 38.47% from -¥50,585,963.71 year-on-year[8] - The company's basic earnings per share improved to -¥0.0542 from -¥0.0881, reflecting a 38.48% increase[8] - The company's operating profit for Q1 2023 was -¥31,584,552.70, which is a 36.24% improvement from -¥49,538,626.89 in the same period last year[10] - The net loss for Q1 2023 was CNY 31,539,311.80, an improvement from a net loss of CNY 49,615,162.66 in Q1 2022[20] - The total profit margin for Q1 2023 was -17.9%, an improvement from -43.2% in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥9,890,134.03, a significant increase of 125.62% compared to -¥38,599,900.10 in the previous year[8] - Operating cash flow for Q1 2023 was CNY 9,890,134.03, a significant recovery from a negative cash flow of CNY 38,599,900.10 in Q1 2022[23] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 113,612,819.66, down from CNY 305,873,305.39 at the end of Q1 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,613,146,905.63, showing a slight increase of 0.22% from ¥1,609,532,294.28 at the end of the previous year[8] - The company's current assets increased to CNY 257,978,509.16 from CNY 225,264,708.19, reflecting a growth of approximately 14.5%[16] - The total liabilities rose to CNY 1,102,143,299.54, compared to CNY 1,066,989,376.39 at the start of the year, indicating an increase of about 3.3%[17] - The company's short-term borrowings increased significantly to CNY 420,000,000.00 from CNY 330,405,319.44, representing a growth of approximately 27%[17] - The total equity attributable to shareholders decreased to CNY 506,995,410.30 from CNY 538,121,358.81, a decline of about 5.7%[17] Operating Costs and Expenses - The company experienced a 35.62% increase in operating costs, totaling ¥135,656,236.84, primarily due to rising material costs[10] - Total operating costs for Q1 2023 were CNY 208,987,704.72, up 26.2% from CNY 165,613,426.58 in the same period last year[18] - Sales expenses increased to CNY 58,786,916.46 in Q1 2023, compared to CNY 49,438,990.71 in Q1 2022, reflecting a rise of 19.5%[18] Asset Management - The company reported a significant increase in asset disposal gains, which rose by 484.78% to ¥61,192.00 compared to ¥10,464.19 in the previous year[10] - The total non-current assets decreased to CNY 1,355,168,396.47 from CNY 1,384,267,586.09, a decline of about 2.1%[16] - Inventory decreased slightly to CNY 42,347,625.76 from CNY 43,393,965.61, a decline of approximately 2.4%[16] - Accounts receivable rose to CNY 67,059,692.92 from CNY 61,603,403.27, an increase of about 8.5%[16] Financing Activities - The total cash inflow from financing activities in Q1 2023 was CNY 190,022,817.57, a decrease from CNY 379,541,694.48 in Q1 2022[24] - The company incurred a total of CNY 53,360,144.51 in cash outflows for investment activities in Q1 2023, compared to CNY 22,607,199.08 in Q1 2022[23]

西安饮食股份有限公司 2022 年第三季度报告 证券代码：000721 证券简称：西安饮食 公告编号：2022-041 西安饮食股份有限公司 2022 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 1 西安饮食股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|---------- ...

西安饮食股份有限公司 2022 年半年度报告全文 西安饮食股份有限公司 2022 年半年度报告 2022 年 8 月 20 日 1 西安饮食股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 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。 公司负责人靳文平、主管会计工作负责人李慧琴及会计机构负责人(会计 主管人员)李慧琴声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 敬请投资者认真阅读本半年度报告全文并注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 西安饮食股份有限公司 2022 年半年度报告全文 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------|------ ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥114,899,109.63, an increase of 5.18% compared to ¥109,240,004.90 in the same period last year[4] - The net profit attributable to shareholders was -¥50,585,963.71, representing a decrease of 25.55% from -¥40,292,354.71 year-on-year[4] - Total operating costs for Q1 2022 were CNY 165,613,426.58, up 9.0% from CNY 152,040,611.87 in the same period last year[21] - Net loss for Q1 2022 was CNY 49,615,162.66, compared to a net loss of CNY 40,930,359.88 in Q1 2021, representing an increase in loss of 21.0%[23] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0881, compared to CNY -0.0807 in Q1 2021[23] Cash Flow - The net cash flow from operating activities was -¥38,599,900.10, a decline of 90.70% compared to -¥20,241,547.39 in the previous year[4] - The company’s cash flow statement for Q1 2022 indicates ongoing liquidity challenges, with cash outflows exceeding inflows[25] - Cash inflow from operating activities totaled $65,939,465.78, an increase from $63,029,764.06 in the previous period[26] - Net cash outflow from operating activities was -$38,599,900.10, worsening from -$20,241,547.39 in the prior period[26] - Cash inflow from investment activities was $0.00, down from $54,926,400.00 in the previous period[26] - Net cash outflow from investment activities was -$22,607,199.08, compared to a net inflow of $23,927,761.92 in the prior period[28] - Cash inflow from financing activities amounted to $379,541,694.48, with a significant increase compared to the previous period[28] - Net cash flow from financing activities was $318,333,477.36, a turnaround from -$59,328,578.62 in the prior period[28] - The net increase in cash and cash equivalents was $257,126,378.18, contrasting with a decrease of -$55,642,364.09 in the previous period[28] - The ending balance of cash and cash equivalents was $305,873,305.39, up from $217,302,470.53 in the prior period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,816,197,450.62, reflecting a growth of 16.48% from ¥1,559,240,437.76 at the end of the previous year[4] - The company's total liabilities amounted to CNY 1,103,462,850.45, slightly up from CNY 1,096,349,943.21 in the previous period[22] - The equity attributable to shareholders increased by 54.26% to ¥707,562,905.13 from ¥458,689,600.56 at the end of the previous year[4] - The equity attributable to shareholders of the parent company increased to CNY 707,562,905.13 from CNY 458,689,600.56, reflecting a growth of 54.2%[22] - The company reported a total of 461.71 million in current assets, a significant increase from 177.09 million at the beginning of the year, representing a growth of approximately 161%[16] - The company has a total of 1,354.48 million in non-current assets, a slight decrease from 1,382.15 million at the beginning of the year[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,610[8] - The top shareholder, Xi'an Tourism Group Co., Ltd., holds 31.34% of the shares, with a total of 179,858,388 shares[11] Government Support and Expenses - The company received government subsidies amounting to ¥1,165,225.87, which is a 52.24% increase from ¥765,374.22 in the previous year[7] - The company experienced a 67.02% rise in financial expenses, totaling ¥7,403,916.03, primarily due to increased interest expenses[7] - Financial expenses increased to CNY 7,403,916.03, up from CNY 4,433,043.11 in the previous year, indicating a rise of 67.5%[21] - The company reported a decrease in tax and additional charges to CNY 1,215,997.83 from CNY 1,394,506.11 year-over-year[21] Strategic Initiatives - The company is actively pursuing market expansion and new product development strategies to enhance its competitive position[13] - The company completed a non-public offering of shares, which significantly impacted its financial position and capital structure[7] - The company completed a non-public offering of shares, which was approved by the China Securities Regulatory Commission, enhancing its capital structure[13]

Financial Performance - The company's operating revenue for 2021 was ¥519,291,157.04, representing a 26.39% increase compared to ¥410,865,232.43 in 2020[25] - The net profit attributable to shareholders for 2021 was -¥168,685,966.35, a significant decrease of 1,971.71% from ¥9,012,392.67 in 2020[25] - The net cash flow from operating activities was ¥38,273,310.86, which is a 13.89% increase from ¥33,605,357.50 in 2020[25] - The total assets at the end of 2021 amounted to ¥1,559,240,437.76, reflecting a 24.10% increase from ¥1,256,480,021.35 at the end of 2020[25] - The net assets attributable to shareholders decreased by 26.89% to ¥458,689,600.56 from ¥627,375,566.91 in 2020[25] - The basic earnings per share for 2021 was -¥0.3380, a decline of 1,967.40% compared to ¥0.0181 in 2020[25] - The weighted average return on net assets was -31.06% in 2021, down from 1.45% in 2020[25] - The net profit after deducting non-recurring gains and losses was -¥176,694,363.52, worsening by 94.50% from -¥90,846,451.10 in 2020[25] Revenue Breakdown - Revenue from the restaurant service sector was ¥377,649,251.60, accounting for 72.72% of total revenue, with a year-on-year growth of 36.94%[49] - The manufacturing sector saw revenue of ¥97,045,680.25, representing 18.69% of total revenue, with a significant increase of 76.24% year-on-year[49] - Rental income amounted to ¥34,469,677.15, making up 6.64% of total revenue, with an 18.82% increase compared to the previous year[49] Operational Highlights - The company achieved a 36.94% year-on-year increase in revenue from its restaurant services segment[40] - The company launched over 30 new cultural banquet offerings and more than 1,000 new dishes during the reporting period[38] - The company completed 48 key projects, including the opening of the "Xi'an Restaurant East Street Main Store and Shaanxi Cuisine Museum"[43] - During the "14th National Games," the company provided 61,000 exclusive "Xi'an Restaurant" meal boxes and served approximately 211,500 meals to volunteers and staff[44] Cash Flow and Investments - Operating cash inflows rose by 24.15% to ¥627,485,725.41, while operating cash outflows increased by 24.88% to ¥589,212,414.55[60] - Investment cash inflows plummeted by 98.71% to ¥295,414.10, with no asset sales during the period[60] - Investment cash outflows increased by 231.11% to ¥252,117,059.80, mainly due to higher expenditures on fixed and intangible assets[60] Market and Industry Trends - The overall revenue of the restaurant industry in China for 2021 was approximately ¥46,895 billion, reflecting an 18.6% year-on-year growth[38] - The Chinese catering market has reached a scale of 2.5 trillion yuan, with the convenience food sector experiencing a rapid growth of 400% year-on-year in pre-made dishes sales during 2021[79] - The pre-made dishes market is expected to become a significant growth area in the future, driven by consumer demand for convenience and safety[79] Strategic Initiatives - The company is focusing on the development of mid-to-high-end brand image stores and single-brand convenience stores to enhance market presence and influence[82] - The company is implementing a strategy to develop a chain of convenience dining brands, targeting large communities and commercial complexes[82] - The company aims to integrate food industrial development with its main business, creating a distinctive product matrix and enhancing brand identity through cultural elements[84] Governance and Compliance - The company maintained complete independence from its controlling shareholder in terms of business, personnel, assets, finance, and organization[102] - The company has established independent financial management systems and has its own bank accounts, ensuring independent tax compliance[102] - The company has adhered to legal and regulatory requirements for information disclosure, ensuring timely and accurate communication with shareholders[101] Social Responsibility - The company actively participated in social responsibility initiatives, including donations to local welfare institutions and support during the COVID-19 pandemic[154] - The company continued its poverty alleviation efforts by providing targeted assistance to impoverished households, including financial and agricultural support[156] Human Resources - The total number of employees at the end of the reporting period was 3,871, with 2,794 in the parent company and 1,077 in major subsidiaries[133] - The company faces talent shortages in the restaurant industry and is implementing measures to attract and retain skilled personnel through salary reforms and training programs[94] Future Outlook - The company plans to expand its market presence by entering three new cities in 2022, aiming for a 25% increase in market share[118] - The company has set a performance guidance for 2022, targeting a revenue growth of 15%[118] - A strategic acquisition of a local competitor is in the pipeline, which is projected to enhance operational efficiency by 10%[118]

Revenue and Profitability - Revenue for Q3 2021 reached ¥128,548,597.75, an increase of 15.91% compared to the same period last year[4] - Net profit attributable to shareholders was -¥39,369,865.63, a decrease of 221.49% year-over-year[4] - The company’s basic earnings per share were -¥0.0789, a decrease of 222.04% year-over-year[4] - The net profit for Xi'an Catering Co., Ltd. in Q3 2021 was -102,472,526.39 CNY, compared to -83,027,975.71 CNY in Q3 2020, representing a decline of approximately 23.5% year-over-year[26] - The net profit attributable to the parent company was -101,150,313.46 CNY in Q3 2021, compared to -82,225,938.38 CNY in the same period last year, indicating a year-over-year increase in losses of about 23.0%[26] - The total comprehensive income for the company in Q3 2021 was -102,472,526.39 CNY, compared to -83,027,975.71 CNY in Q3 2020, reflecting a decline of approximately 23.5%[26] Cash Flow - The company reported a net cash flow from operating activities of -¥23,220,854.09, a 41.88% increase compared to the previous year[4] - Cash inflows from operating activities in Q3 2021 amounted to 394,515,714.36 CNY, a significant increase from 235,009,514.33 CNY in Q3 2020, representing a growth of approximately 67.8%[29] - Cash outflows from operating activities totaled 417,736,568.45 CNY in Q3 2021, compared to 274,965,740.36 CNY in the same period last year, marking an increase of about 52.0%[29] - The net cash flow from operating activities was -23,220,854.09 CNY in Q3 2021, an improvement from -39,956,226.03 CNY in Q3 2020, indicating a reduction in cash outflow by approximately 42.3%[29] - The net cash flow from investing activities was -173,798,706.97 CNY in Q3 2021, compared to -7,806,979.68 CNY in Q3 2020, showing a significant increase in cash outflow for investments[31] - The net cash flow from financing activities was 18,308,594.84 CNY in Q3 2021, a recovery from -4,822,024.73 CNY in Q3 2020, indicating a positive shift in financing cash flow[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,440,802,958.59, reflecting a 14.67% increase from the end of the previous year[4] - Total liabilities increased to CNY 913,708,021.45 from CNY 626,912,557.82, reflecting a growth of approximately 46%[21] - The company’s total equity decreased to CNY 527,094,937.14 from CNY 629,567,463.53, indicating a decline of approximately 16%[21] - Total current assets decreased from 383,212,970.17 to 231,108,096.65, a reduction of about 39.6%[17] - The company’s cash and cash equivalents decreased from 276,289,433.57 to 97,578,467.35, a decline of approximately 64.7%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,814[10] - Xi'an Tourism Group Co., Ltd. holds 21.04% of shares, amounting to 105,000,000 shares[10] - Xi'an Weide Industrial Development Co., Ltd. has pledged 26,681,250 shares, which are currently frozen[12] - The company has not disclosed any other shareholder relationships or concerted actions beyond those mentioned[12] Operational Costs and Expenses - The company’s management expenses increased by 37.84% year-over-year, primarily due to rental and property fees[9] - The company’s financial expenses increased by 284.04% year-over-year, attributed to new financing lease costs under the new leasing standards[9] - Total operating costs amounted to CNY 493,365,590.56, up from CNY 330,548,953.30, indicating a rise of about 49%[24] Investments and Development - The company has ongoing investments in new product development and market expansion strategies, although specific figures were not disclosed in the report[24] - The company is actively preparing for a non-public offering of up to 74,858,388 shares, approved by the China Securities Regulatory Commission[14] - The company has extended the validity period of the non-public offering resolution by 12 months[16] Inventory and Receivables - Accounts receivable increased from 25,982,635.32 to 29,843,593.76, an increase of about 14.5%[17] - Inventory rose from 29,955,001.26 to 41,112,880.83, reflecting a growth of approximately 37.5%[17]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥255,069,605.64, representing a 97.56% increase compared to ¥129,108,871.22 in the same period last year[23]. - The net profit attributable to shareholders was -¥61,780,447.83, an improvement of 11.72% from -¥69,979,855.42 in the previous year[23]. - The net cash flow from operating activities was -¥12,776,321.83, showing a 36.66% improvement compared to -¥20,171,500.11 in the same period last year[23]. - The company's operating revenue for the reporting period was approximately ¥255.07 million, representing a year-on-year increase of 97.56% compared to ¥129.11 million in the same period last year[35]. - The revenue from the restaurant service segment was CNY 191,761,359.01, accounting for 75.18% of total revenue, with a year-on-year growth of 106.98%[37]. - The company reported a net loss of CNY 47,767,311.04 for the first half of 2021, compared to a profit of CNY 14,013,136.79 in the same period of 2020[113]. - The total comprehensive income for the first half of 2021 was a loss of CNY 43.16 million, compared to a loss of CNY 56.23 million in the same period of 2020[125]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,378,277,409.75, a 9.69% increase from ¥1,256,480,021.35 at the end of the previous year[23]. - The total liabilities increased to CNY 811,437,553.99 from CNY 626,912,557.82, marking an increase of around 29.3%[113]. - The company's cash and cash equivalents decreased by CNY 119,641,279.78, a decline of 1.60% from the previous period[37]. - The company's long-term borrowings decreased significantly from CNY 53,752,707.47 to CNY 3,683,766.50, a reduction of about 93.2%[113]. - Current assets decreased to CNY 268,718,072.80 from CNY 383,212,970.17, reflecting a decline of about 29.9%[112]. Shareholder Equity - The total equity attributable to shareholders decreased to CNY 565,595,119.08 from CNY 627,375,566.91, a decline of approximately 9.9%[113]. - The total equity of the company decreased to CNY 718,998,057.90 in the first half of 2021, down from CNY 762,155,002.24 in the same period of 2020, a decline of about 5.7%[120]. - The total equity attributable to the parent company's shareholders at the end of the current period is ¥549,843,353.24, down from ¥620,405,415.69 at the end of the previous period[138]. Operational Costs - The company's operating costs increased by 75.97% to approximately ¥198.40 million, primarily due to the significant rise in revenue[35]. - Total operating costs for the first half of 2021 were CNY 322,796,919.64, up from CNY 201,549,718.06 in the previous year, indicating an increase of about 60.1%[120]. - The company's financial expenses for the first half of 2021 were CNY 10,364,381.68, significantly higher than CNY 2,652,076.50 in the same period of 2020, indicating an increase of about 290.5%[120]. Market Position and Strategy - The company is positioned as a leading player in the restaurant industry, ranking 33rd in the 2020 China Top 50 Dining Groups[31]. - The company is actively expanding its market presence through innovative strategies, including digital transformation and product upgrades[31]. - The company launched over 1,000 new dishes and 30 cultural banquet themes, enhancing its brand and product offerings in the market[31]. Cash Flow - The cash flow from operating activities showed a net outflow of CNY 12.78 million, which is an improvement from a net outflow of CNY 20.17 million in the same period last year[128]. - The total cash inflow from investment activities was CNY 54.93 million, while cash outflow was CNY 139.32 million, resulting in a net cash outflow of CNY 84.40 million[130]. - The ending cash and cash equivalents balance increased to ¥140,999,973.63 in H1 2021, up from ¥78,377,677.41 in H1 2020, a growth of 79.9%[133]. Corporate Governance - The company has not declared any cash dividends or stock bonuses for the half-year period, nor has it implemented any employee stock ownership plans[55][56]. - There were no significant litigation or arbitration matters during the reporting period[71]. - The company did not engage in any major related party transactions during the reporting period[72]. Financial Reporting and Compliance - The half-year financial report has not been audited[68]. - The financial statements are prepared in accordance with the Enterprise Accounting Standards, ensuring a true and complete reflection of the company's financial status[146]. - The company has not made any significant changes in accounting policies or corrections of prior period errors during the current reporting period[138].

Financial Performance - The company's operating revenue for Q1 2021 was ¥109,240,004.90, representing a 71.36% increase compared to ¥63,749,842.13 in the same period last year[8]. - The net profit attributable to shareholders was -¥40,292,354.71, an improvement of 11.75% from -¥45,658,109.18 year-over-year[8]. - The basic earnings per share for the period was -¥0.0807, showing an improvement of 11.80% from -¥0.0915 in the same period last year[8]. - The net loss for Q1 2021 was CNY 40,930,359.88, compared to a net loss of CNY 45,970,630.88 in Q1 2020, showing an improvement of approximately 11.1%[48]. - Operating revenue for the current period reached ¥73,652,618.63, a significant increase from ¥41,407,959.59 in the previous period, representing a growth of approximately 77.6%[51]. - Operating profit improved to -¥30,284,740.70 from -¥35,394,888.24, indicating a reduction in losses by about 14.5%[51]. - Net profit for the current period was -¥29,987,527.86, compared to -¥35,384,915.10 in the previous period, reflecting a decrease in losses of approximately 15.1%[51]. Cash Flow - The net cash flow from operating activities was -¥20,241,547.39, which is a decline of 36.73% compared to -¥14,804,437.22 in the previous year[8]. - The company's net cash flow from operating activities decreased by CNY 5.4371 million, a decline of 36.73%, attributed to increased cash payments for goods and services[19]. - Cash flow from operating activities showed a net outflow of -¥20,241,547.39, worsening from -¥14,804,437.22 in the previous period[53]. - Cash inflow from operating activities totaled ¥115,310,968.93, up from ¥51,815,492.26, marking an increase of about 122.2%[53]. - Cash outflow from operating activities increased to ¥135,552,516.32 from ¥66,619,929.48, representing a rise of approximately 103.5%[53]. - The net cash flow from investing activities increased by CNY 24.8622 million, a surge of 2,660.53%, due to higher cash receipts related to investment activities[19]. - The net cash flow from investing activities was 24,191,022.22 CNY, a turnaround from -931,784.18 CNY in the previous year, showing a positive shift in investment cash flow[57]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,365,777,347.31, an increase of 8.70% from ¥1,256,480,021.35 at the end of the previous year[8]. - Total liabilities increased to CNY 777,140,243.66 from CNY 626,912,557.82, an increase of approximately 23.9%[39]. - Total liabilities increased to 851,263,924.95 CNY from 626,912,557.82 CNY, marking an increase of about 36%[62]. - The company's total equity decreased to CNY 588,637,103.65 from CNY 629,567,463.53, a decline of approximately 6.5%[39]. - Current liabilities decreased to CNY 532,479,270.14 from CNY 552,665,849.04, a reduction of about 3.6%[39]. - Non-current liabilities increased significantly to CNY 244,660,973.52 from CNY 74,246,708.78, marking a rise of about 229.5%[39]. - Long-term borrowings decreased to CNY 3,683,766.50 from CNY 53,752,707.47, a reduction of about 93.2%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,567[10]. - The largest shareholder, Xi'an Tourism Group Co., Ltd., held 21.04% of the shares, totaling 105,000,000 shares[11]. Government Support and Projects - The company received government subsidies amounting to ¥765,374.22 during the reporting period[8]. - The company has completed various project approvals and is currently working on the renovation design for the Xi'an Restaurant East Street project[27]. - The company is in the process of a non-public stock issuance, which has been accepted by the China Securities Regulatory Commission[21]. Operational Challenges and Future Plans - Operating revenue increased by 71.36% year-on-year, while operating costs rose by 49.29%, largely due to the severe impact of the pandemic in the previous year[18]. - The company plans to focus on cost control and operational efficiency to improve profitability in future quarters[48]. - There were no new product launches or significant market expansion strategies mentioned in the report[48].