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].

Financial Performance - The company's operating revenue for 2020 was ¥410,865,232.43, a decrease of 17.90% compared to ¥500,457,531.65 in 2019[21] - The net profit attributable to shareholders in 2020 was ¥9,012,392.67, a significant increase of 119.11% from a loss of ¥47,150,837.67 in 2019[21] - The net cash flow from operating activities was ¥33,605,357.50, representing a 199.57% increase compared to a negative cash flow of ¥33,751,788.39 in 2019[21] - The company's total assets at the end of 2020 were ¥1,256,480,021.35, reflecting a 13.85% increase from ¥1,103,595,553.38 at the end of 2019[21] - The net assets attributable to shareholders increased to ¥1,256,480,021.35, up 13.85% from ¥1,103,595,553.38 in 2019[21] - The basic and diluted earnings per share for 2020 were ¥0.0181, compared to a loss of ¥0.0945 in 2019, marking a 119.15% improvement[21] - The revenue after deducting non-main business income was ¥389,347,277.20 in 2020, down from ¥500,457,531.65 in 2019[23] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, amounting to -¥90,846,451.10 in 2020[21] - The weighted average return on net assets for 2020 was 1.45%, compared to -7.36% in 2019[21] - The company’s total operating income for 2020 was 505,433,841.97 CNY, a decrease of 6.63% compared to 2019[56] Revenue and Growth - In Q1 2020, the company reported a revenue of ¥63,749,842.13, which increased to ¥170,847,815.46 by Q4 2020, showing a significant growth in revenue over the year[26] - The company opened 36 new projects throughout the year, including various dining establishments and catering services, marking a significant expansion effort[39] - The restaurant service revenue was ¥275,786,598.89, accounting for 67.12% of total revenue, which is a decline of 26.69% from the previous year[46] - The food industry segment saw online sales revenue grow by 270% year-on-year, driven by the introduction of new retail channels and products[40] Government Support and Subsidies - The company received government subsidies amounting to ¥120,706,378.90 in 2020, primarily due to support measures related to the pandemic[27] - The total non-recurring gains and losses for the year amounted to ¥99,858,843.77, significantly higher than the previous years[28] - Other income significantly increased to CNY 120,706,378.90, contributing 1,377.07% to total profit, primarily due to government subsidies related to pandemic support[59] Operational Efficiency and Management - The company implemented a "4D on-site management system" across 47 operating outlets to enhance operational efficiency[41] - The management team consists of experienced professionals, contributing to the company's operational efficiency and competitive advantage[36] - The company is focusing on quality restructuring and management upgrades to drive innovation and development, implementing a centralized kitchen and standardized cooking technology to enhance operational efficiency[81] - The company is addressing talent shortages by implementing a "talent strong enterprise" strategy, focusing on internal training and external recruitment to fill high-level positions[84] Strategic Initiatives - The company emphasizes digital transformation and retail expansion in response to changing consumer behaviors post-pandemic[32] - The company aims to implement a "6+N" business strategy focusing on both mass consumption and high-end demand, enhancing operational quality and customer experience[78] - The company is adopting an "Internet + new technology" approach to integrate online and offline services, aiming to attract new consumer groups[77] - The company is focusing on project development, including the "IN Food Xi'an" street project and the reconstruction of Xi'an Rice Restaurant East Street, to promote cultural tourism integration[80] Social Responsibility and Community Engagement - The company actively undertook social responsibilities, including maintaining shareholder rights and implementing energy-saving measures[122] - In 2020, the company donated a total of 62,900 yuan and provided 6,254 pandemic relief items valued at 1.146 million yuan to support frontline workers[123] - The company engaged in targeted poverty alleviation, successfully helping a specific household achieve poverty alleviation in 2020[124] - The company promoted local agricultural products, purchasing from impoverished areas to boost sales and income[124] Shareholder and Governance Matters - The company has maintained a consistent dividend policy, with no cash dividends proposed in the last three years[89][93] - The company’s cash dividend policy is compliant with its articles of association and shareholder resolutions[89] - The company has established independent financial and human resource management systems[183] - The company has conducted three shareholder meetings, ensuring separate voting for minority shareholders[180] Internal Control and Audit - The company’s internal control self-evaluation report was disclosed on March 30, 2021, covering 91.16% of total assets and 100% of total revenue[194] - The internal control audit report indicates that the company maintained effective internal controls in all material aspects as of December 31, 2020[198] - The audit opinion type is a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[198] Employee and Management Structure - The total number of employees in the company is 3,338, with 2,317 in the parent company and 1,021 in major subsidiaries[173] - The company has a diverse management team with various educational backgrounds and experiences in the hospitality industry[162] - The company has implemented a competitive salary policy to adapt to the industry's challenges posed by the pandemic[176] - Training plans are established annually, with a mix of online and offline training methods to enhance employee skills[177]

Financial Performance - Operating revenue for the reporting period was CNY 110,908,545.75, a decrease of 15.98% year-on-year[8] - Net profit attributable to shareholders of the listed company was a loss of CNY 12,246,082.96, a decline of 71.38% compared to the same period last year[8] - Basic earnings per share were CNY -0.0245, down 71.33% from the previous year[8] - The net profit attributable to the parent company decreased by CNY 58.55 million, a decline of 247.23%, primarily due to increased losses from the pandemic[20] - The net loss for Q3 2020 was CNY 12,465,913.26, compared to a net loss of CNY 7,246,929.74 in Q3 2019, representing an increase in loss of 72.5%[48] - The company reported a net loss of CNY 74,148,209.28 for the period, compared to a profit of CNY 8,077,729.10 in the previous year[40] - The company reported a significant increase in sales expenses to CNY 46,162,764.77, up 5.8% from CNY 43,637,262.32 year-over-year[46] - The company reported a total operating cash inflow of $128,071,294.48, down from $265,779,310.10 in the previous period[66] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,060,956,147.08, a decrease of 3.86% compared to the end of the previous year[8] - Total liabilities increased to CNY 522,108,707.10 from CNY 483,190,137.69, reflecting an increase of about 8.1%[40] - Current assets totaled CNY 258,625,229.06, down from CNY 296,872,468.33, indicating a decrease of about 12.9%[35] - Total liabilities increased to CNY 473,602,060.81 from CNY 458,396,119.62, reflecting a rise of 3.5%[46] - The company's total liabilities remained stable at $483,190,137.69, consistent with the previous period[73] Cash Flow - The net cash flow from operating activities was a negative CNY 19,784,725.92, a decrease of 248.96% year-on-year[8] - The net cash flow from operating activities decreased by CNY 23.11 million, a reduction of 137.24%, due to decreased cash receipts from sales of goods and services[20] - The cash flow from operating activities showed a net outflow of ¥39,956,226.03, worsening from a net outflow of ¥16,841,764.52 in the same period last year[61] - The cash and cash equivalents at the end of the period were ¥161,069,124.33, down from ¥225,430,388.56 at the end of the same period last year[63] Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 533,248,920.62, down 13.36% from the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 67,102[11] - The largest shareholder, Xi'an Tourism Group, held 21.04% of the shares, totaling 105,000,000 shares[11] - The company's equity attributable to shareholders decreased to CNY 533,248,920.62 from CNY 615,474,859.00, a decline of about 13.3%[40] Government Support and Other Income - The company received government subsidies amounting to CNY 9,763,087.79 during the reporting period[8] - Other income increased by CNY 8.31 million, a growth of 572.65%, mainly due to increased government subsidies related to operating activities[20] - Other income for Q3 2020 was CNY 5,044,032.50, a substantial increase from CNY 896,770.05 in the previous year[46] Borrowings and Financial Expenses - Short-term borrowings rose by CNY 59.87 million, an increase of 54.36%, primarily due to increased bank short-term loans[20] - Financial expenses increased by CNY 1.63 million, a rise of 59.74%, due to increased loan interest expenses and decreased interest income from deposits[20] - The company’s long-term borrowings rose to CNY 53,683,766.50 from CNY 47,879,098.60, marking an increase of 12.5%[46] Operational Developments - The company is progressing with the non-public issuance of A-shares, having received approval from the Xi'an Qujiang New District Management Committee[22] - The company is actively working on the reconstruction project of the Xi'an Restaurant East Dajie, with several preliminary steps completed and ongoing bidding processes for the general contractor[28] Accounting and Reporting Changes - The company has adjusted its accounting policies in accordance with the new revenue standards effective from January 1, 2020, which is not expected to significantly impact financial results[82] - The report for the third quarter of 2020 was not audited[83]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥129,108,871.22, a decrease of 50.76% compared to ¥262,201,284.58 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥69,979,855.42, representing a decline of 323.22% from -¥16,535,202.74 in the previous year[19]. - The net cash flow from operating activities was -¥20,171,500.11, which is an 80.55% decrease compared to -¥11,172,087.89 in the same period last year[19]. - The total assets at the end of the reporting period were ¥974,625,088.63, down 11.69% from ¥1,103,595,553.38 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 11.37%, from ¥615,474,859.00 to ¥545,495,003.58[19]. - The basic earnings per share were -¥0.1402, a decline of 323.56% compared to -¥0.0331 in the same period last year[19]. - The company reported a net profit excluding non-recurring gains and losses of -¥72,601,672.06, a decline of 333.90% from -¥16,732,321.14 in the same period last year[19]. - The company reported a significant increase in financial expenses by 123.91% to ¥2,652,076.50, primarily due to increased interest expenses[40]. - The company reported a net loss of ¥70,652,043.36 for the first half of 2020, compared to a smaller loss in the previous year[137]. - The total comprehensive income for the period was a loss of CNY 69,979,855.42, reflecting a significant decline in profitability[151]. Operational Adjustments - The company has adjusted its product offerings in response to market changes during the pandemic, focusing on long-term products and enhancing online sales channels[36]. - The company has implemented a "23456" strategic plan to navigate the challenges posed by the COVID-19 pandemic and drive innovation[36]. - The company is actively pursuing capital operations and optimizing underperforming assets through mergers and acquisitions to enhance overall profitability[39]. - The company aims to expand its market presence by integrating dining services with e-commerce and new retail formats[39]. - The company has launched a new marketing campaign titled "The Taste of Hometown," utilizing various media platforms to enhance brand exposure and product sales[36]. Subsidiaries and Brand Recognition - The company has 16 subsidiaries and 16 branches, with several brands recognized as "Chinese Time-honored Brands" and 8 brands acknowledged as "Xi'an Old Brands" by the Xi'an Municipal Bureau of Commerce[33][36]. - The company is actively promoting the reconstruction project of Xi'an Restaurant on East Dajie, having obtained necessary permits and initiated the construction process[36]. - The company has successfully opened several new locations, including Qingyazhai Qujiang Yijie and Tongshengxiang Bailu Warehouse, with stable operations reported[36]. Cash Flow and Financial Position - Cash and cash equivalents decreased by 11.98% to ¥100,390,832.99, accounting for 10.30% of total assets[46]. - The company's total equity decreased to CNY 549,843,353.24 from CNY 620,405,415.69, reflecting a decline of about 11.4%[129]. - The total liabilities decreased to CNY 424,781,735.39 from CNY 483,190,137.69, reflecting a reduction of approximately 12.1%[129]. - The company's total assets as of June 30, 2020, were CNY 974,625,088.63, down from CNY 1,103,595,553.38 at the end of 2019, indicating a decrease of about 11.7%[130]. Shareholder Information - The total number of shares before the change was 499,055,920, with 12.67% being limited shares and 87.33% being unrestricted shares[97]. - The company’s major shareholder, Xi'an Tourism Group, holds 21.04% of the shares, totaling 105,000,000 shares[101]. - The second-largest shareholder, Xi'an Weide Industrial Development Co., holds 5.35% of the shares, totaling 26,681,250 shares[101]. - The company did not conduct any repurchase transactions during the reporting period[107]. Corporate Governance and Compliance - The semi-annual financial report was not audited[63]. - There were no significant litigation or arbitration matters during the reporting period[66]. - The company did not experience any bankruptcy reorganization during the reporting period[65]. - The company did not have any stock incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[72]. Social Responsibility and Community Engagement - In the first half of 2020, the company invested CNY 2,000 to improve infrastructure for impoverished households in Yuchuan Village, enhancing their living conditions[88]. - The company conducted 14 home visits to impoverished households to understand their living and production situations during the first half of 2020[89]. - The company facilitated the sale of agricultural products from Yuchuan Village, promoting local produce such as pomegranates and apricots[88]. Accounting Policies and Financial Reporting - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[170]. - The company categorizes financial assets into three types: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[187]. - The company recognizes impairment losses for financial assets measured at amortized cost and adjusts other comprehensive income for debt instruments measured at fair value[189].

Financial Performance - The company's operating revenue for 2019 was CNY 500,457,531.65, an increase of 0.89% compared to CNY 496,037,286.92 in 2018[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 47,150,837.67, a decrease of 597.91% compared to a profit of CNY 9,469,836.60 in 2018[21]. - The net cash flow from operating activities was a negative CNY 33,751,788.39, down 577.81% from CNY 7,063,900.49 in the previous year[21]. - The basic earnings per share were -CNY 0.0945, a decline of 597.37% from CNY 0.0190 in 2018[21]. - The company's total revenue for the four quarters was as follows: Q1: ¥134.92 million, Q2: ¥127.28 million, Q3: ¥132.01 million, Q4: ¥106.25 million[26]. - The net profit attributable to shareholders for the four quarters was: Q1: -¥10.78 million, Q2: -¥5.75 million, Q3: -¥7.15 million, Q4: -¥23.47 million[26]. - The net cash flow from operating activities for the four quarters was: Q1: -¥4.78 million, Q2: -¥11.17 million, Q3: -¥16.84 million, Q4: -¥33.75 million[26]. - The company achieved a total operating revenue of ¥500,457,531.65, representing a year-on-year increase of 0.89%[48]. - The net profit attributable to shareholders was -¥47,150,837.67, a decline of 597.91% compared to the previous year[48]. Assets and Liabilities - Total assets at the end of 2019 were CNY 1,103,595,553.38, a decrease of 13.33% from CNY 1,273,364,983.31 at the end of 2018[23]. - The net assets attributable to shareholders of the listed company were CNY 615,474,859.00, down 7.39% from CNY 664,601,115.53 in 2018[23]. - Cash and cash equivalents decreased to 218,152,870.75 yuan, representing 19.77% of total assets, down from 29.68% at the beginning of the year, a decrease of 9.91%[70]. - Short-term borrowings increased significantly to 110,133,521.00 yuan, which is 9.98% of total assets, up from 4.02% at the beginning of the year, an increase of 5.96%[70]. - The company reported a decrease in long-term borrowings to 47,879,098.60 yuan, which is 4.34% of total assets, down from 10.07% at the beginning of the year, a decrease of 5.73%[70]. Operational Strategy - The company has experienced a significant decline in both revenue and profit, indicating potential challenges in its operational strategy moving forward[21]. - The company aims to enhance its market position by focusing on transformation and upgrading, improving product quality, and expanding marketing efforts[39]. - The company is actively seeking partnerships and exploring capital operations to leverage its resources and market platform[48]. - The company is implementing a dual-driven development strategy focusing on the restaurant industry and food manufacturing, aiming to adapt to modern diversified consumer demands[90]. - The company plans to enhance its food industry by leveraging its old brand characteristics and developing distinctive tourism and leisure products, gradually forming a product system centered on tourism and leisure[90]. Market and Revenue Growth - The online takeaway revenue grew by 105% year-on-year, indicating a significant breakthrough in this segment[47]. - The food manufacturing segment saw a sales revenue increase of 17.74% year-on-year, focusing on key products and enhancing quality control[48]. - The restaurant service revenue was ¥376,217,001.56, accounting for 75.17% of total revenue, but decreased by 1.45% year-on-year[50]. - Total revenue from dining services amounted to ¥247,596,610.81, accounting for 73.00% of operating costs, with a year-on-year increase of 1.81%[1]. - The company expects a revenue growth of 10% for the upcoming fiscal year, projecting a target revenue of 1.32 billion RMB[177]. Corporate Governance and Management - The company has engaged Sigma Accounting Firm for internal control audit services, with a fee of 300,000 CNY[104]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations of the board and management[190]. - The company has a commitment to corporate governance and transparency in its operations[173]. - The company has held three shareholder meetings during the reporting period, implementing separate voting for minority shareholders[190]. - The company has a diverse management team with various professional backgrounds, including senior management in the hospitality industry[173]. Social Responsibility and Community Engagement - The company actively fulfilled social responsibilities, including donations to local welfare institutions and environmental protection initiatives[128]. - The company has been actively involved in poverty alleviation efforts, including one-on-one assistance to impoverished households in Zhangnanbang Village[130]. - The company organized volunteer activities themed "Learning from Lei Feng, Contributing to Development," providing essential supplies to the elderly and promoting community cleanliness[129]. - In 2019, the company invested 51.63 thousand yuan in road construction and installed 80 solar street lights to improve local infrastructure[131]. - The company hosted events like the "Spring Whistle Music Festival" to promote rural tourism and increase local income from agricultural products[131]. Changes in Control and Ownership - The actual controller of the company changed from the Xi'an State-owned Assets Supervision and Administration Commission to the Xi'an Qujiang New District Management Committee during the reporting period[20]. - The company is undergoing a significant change in control due to the transfer of state-owned shares, with 15.00% of shares being transferred to the Overseas Chinese Town Group[133]. - The company has received approval from the China Securities Regulatory Commission for the exemption of mandatory tender offer obligations due to the transfer of state-owned assets[136]. - The total number of shares before the recent changes was 499,055,920, with 12.68% being restricted shares[142]. - The largest shareholder, Xi'an Tourism Group, holds 21.04% of the shares, totaling 105,000,000 shares[151]. Future Plans and Investments - The company plans to leverage opportunities from the 2020 National Games in Xi'an and promote cultural tourism integration[87]. - The company is investing 50 million RMB in technology development to enhance customer service and operational efficiency[177]. - The company is considering strategic acquisitions to enhance its service offerings and expand its customer base[177]. - The company plans to establish five centers, including a brand culture marketing center and a logistics distribution center, to enhance management[87]. - The company is expanding its e-commerce sales channels by integrating existing brand resources and building its own membership system and e-commerce platform to meet diverse consumer needs[90].

Financial Performance - The company's operating revenue for Q1 2020 was ¥63,749,842.13, a decrease of 52.75% compared to ¥134,917,009.04 in the same period last year[10] - The net profit attributable to shareholders was -¥45,658,109.18, representing a decline of 323.39% from -¥10,783,893.49 year-on-year[10] - The net cash flow from operating activities was -¥14,804,437.22, a decrease of 209.87% compared to -¥4,777,580.73 in the previous year[10] - Basic and diluted earnings per share were both -¥0.0915, down 323.61% from -¥0.0216 in the same period last year[10] - The company's net profit attributable to the parent company decreased by CNY 34.87 million, a decline of 323.39%, primarily due to the impact of the pandemic[22] - The company's operating revenue and operating costs decreased by 52.75% and 34.22% respectively compared to the same period last year, mainly due to the suspension of in-store operations starting January 27[22] - The company's net cash flow from operating activities decreased by CNY 10.03 million, a decline of 209.87%, due to reduced cash receipts from sales of goods and services as a result of the pandemic[22] - The company reported a net loss of CNY 37,580,380.08 for the period, compared to a profit of CNY 8,077,729.10 in the previous period[52] - The total operating revenue for the current period is ¥41,407,959.59, a decrease of 54.4% compared to ¥90,880,544.67 in the previous period[67] - The operating profit for the current period is -¥35,394,888.24, compared to -¥7,206,961.86 in the previous period, indicating a significant decline[67] - The net profit for the current period is -¥35,384,915.10, a decrease from -¥7,009,882.29 in the previous period, reflecting worsening financial performance[67] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,098,797,656.10, a slight decrease of 0.43% from ¥1,103,595,553.38 at the end of the previous year[10] - The net assets attributable to shareholders decreased by 7.42% to ¥569,816,749.82 from ¥615,474,859.00 at the end of the previous year[10] - The company's current assets totaled CNY 298,540,914.53, compared to CNY 296,872,468.33 at the end of 2019, indicating a growth of approximately 0.56%[45] - Total liabilities rose to CNY 524,362,871.29 from CNY 483,190,137.69, marking an increase of approximately 8.5%[52] - The company's equity attributable to shareholders decreased to CNY 569,816,749.82 from CNY 615,474,859.00, a decline of about 7.4%[52] - Total liabilities rose to ¥493,599,651.43, an increase of 7.7% from ¥458,396,119.62[58] - Non-current liabilities decreased to ¥46,006,069.71 from ¥73,201,401.81, a reduction of 37.1%[58] Cash Flow - The company's net cash flow from investing activities increased by CNY 107.88 million, a growth of 99.14%, primarily due to reduced cash payments for fixed assets, intangible assets, and other long-term assets[22] - The company's net cash flow from financing activities increased by CNY 30.23 million, a growth of 113.75%, mainly due to increased net cash inflow from borrowings[22] - The cash inflow from operating activities shows a net outflow of -¥14,804,437.22, worsening from -¥4,777,580.73 in the previous period[74] - The cash inflow from operating activities was 35,994,351.08 CNY, down from 89,286,146.63 CNY in the prior period, reflecting a decline in sales[80] - The total cash and cash equivalents at the end of the period decreased to 194,341,620.45 CNY from 223,726,321.72 CNY in the previous period[80] - The net cash flow from financing activities was 3,654,760.36 CNY, contrasting with a negative flow of -26,571,481.60 CNY in the previous period, showing improved financing performance[80] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,442[14] - The largest shareholder, Xi'an Tourism Group Co., Ltd., held 21.04% of the shares, totaling 105,000,000 shares[14] - The company did not engage in any repurchase transactions among the top 10 ordinary shareholders during the reporting period[17] Government Support - The company received government subsidies amounting to ¥328,412.37 during the reporting period[10] - The company's other income increased by CNY 0.18 million, a growth of 127.27%, mainly due to increased government subsidies related to operating activities[22] Operational Changes - The company's accounts receivable increased by CNY 9.22 million, a growth of 50.37%, primarily due to increased sales of industrialized products during the reporting period[22] - The company's long-term borrowings decreased by CNY 27 million, a reduction of 56.39%, mainly due to the repayment of bank long-term loans[22] - The company's financial expenses increased by CNY 2.29 million, a rise of 1,250.76%, primarily due to increased loan interest expenses and decreased interest income from deposits[22] - The company paid 22,709,620.56 CNY in cash to employees, which is lower than the 32,252,715.55 CNY paid in the previous period[80] Audit Information - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[83]

Financial Performance - Operating revenue for the period reached ¥132,005,183.30, representing a year-on-year increase of 9.42%[8] - Net profit attributable to shareholders was -¥7,145,376.01, a decline of 236.61% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,352,156.11, a decrease of 232.15% year-on-year[8] - Basic earnings per share were -¥0.0143, down 232.56% from the previous year[8] - The weighted average return on net assets was -1.11%, a decrease of 0.79% compared to the previous year[8] - The company expects a cumulative net profit loss of approximately -44.80 million yuan for the reporting period, representing a significant decrease of 573.08% compared to the same period last year, which had a profit of 9.47 million yuan[29] - The basic earnings per share are projected to be -0.0898 yuan, a decline of 572.63% from the previous year's earnings of 0.0190 yuan[29] - The net profit for Q3 2019 was a loss of CNY 7,246,929.74, compared to a loss of CNY 2,520,522.87 in Q3 2018, representing an increase in loss of 187.2%[52] - The operating profit for Q3 2019 was a loss of CNY 7,453,709.84, compared to a loss of CNY 1,754,844.84 in the same period last year[52] - The net profit for the current period is -3,603,820.04, compared to a net profit of 2,726,379.55 in the previous period, marking a decline of approximately 232%[58] - The total comprehensive income for the current period was -¥12,920,369.55, down from ¥4,783,296.84 in the previous period, highlighting a decline in overall financial health[67] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,128,761,034.59, a decrease of 11.36% compared to the previous year[8] - The total liabilities as of Q3 2019 amounted to CNY 469,064,789.32, down from CNY 557,468,614.47 in the previous quarter[52] - Total liabilities decreased to ¥482,633,715.89, down 20.0% from ¥602,955,633.28[44] - The company's total equity decreased to ¥646,127,318.70, down 3.6% from ¥670,409,350.03[44] - The company's cash and cash equivalents decreased by CNY 151.89 million, a decline of 40.25%, primarily due to payments for the Xi'an restaurant reconstruction project[18] - The company's cash and cash equivalents at the end of the period were ¥225,430,388.56, down from ¥368,215,800.46 in the previous period, indicating a reduction in liquidity[72] - The total equity attributable to shareholders was 664,601,115.53, showing a solid equity base for the company[82] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,647[10] - The largest shareholder, Xi'an Tourism Group Co., Ltd., held 21.04% of the shares, totaling 105,000,000 shares[10] - No repurchase transactions were conducted by the top 10 ordinary shareholders during the reporting period[13] Cash Flow - Net cash flow from operating activities decreased by CNY 27.47 million, a decline of 258.46%, due to increased cash payments for goods and services[18] - Cash flow from operating activities showed a net outflow of -¥16,841,764.52, contrasting with a net inflow of ¥10,628,705.91 in the previous period[70] - Cash flow from investing activities resulted in a net outflow of -¥118,437,272.36, compared to -¥6,712,353.28 in the previous period, indicating increased investment expenditures[72] - Cash flow from financing activities recorded a net outflow of -¥16,610,873.98, compared to -¥10,726,798.60 in the previous period, showing a higher cash outflow related to financing[72] Legal Matters - The company is currently involved in a major lawsuit regarding a rental dispute with Xi'an Industrial and Commercial Real Estate Management Company, with the amount in question being 11.90 million yuan[24] - The company has faced a trademark infringement lawsuit from Xi'an Weierkang Marketing Service Co., with a compensation ruling of 200,000 yuan for economic losses and 105,940.9 yuan for reasonable expenses[23] - The company is awaiting a court hearing regarding the trademark infringement case, with the Supreme People's Court having accepted the case for review[23] - The company is currently involved in ongoing litigation that may affect its profits for both previous and current periods[24] Operational Changes - The company is undergoing a transformation and adjustment process, which is impacting its profitability due to the market cultivation period of newly opened business locations[29] - The company has not engaged in any securities investments, entrusted financial management, or derivative investments during the reporting period[31][32][33] - The company has not disclosed any new product developments or market expansion strategies in the current report[58] - The company has not conducted any research, communication, or interview activities during the reporting period[34] Financial Expenses - Financial expenses increased by CNY 5.17 million, a rise of 211.93%, due to increased loan interest expenses and decreased interest income from deposits[18] - The company reported a financial expense of CNY 1,545,190.51 in Q3 2019, compared to an income of CNY -269,669.14 in the same period last year[52] - The financial expenses for the current period are 1,495,077.82, compared to -310,983.06 in the previous period, indicating a significant increase in financial costs[58] - Interest expenses increased to ¥7,497,454.23 from ¥6,726,798.90, marking an increase of approximately 11.43%[67]

西安饮食股份有限公司 2019 年半年度报告全文 西安饮食股份有限公司 2019 年半年度报告 2019 年 08 月 1 西安饮食股份有限公司 2019 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、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人胡昌民、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)张华声明：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。 《证券时报》、《中国证券报》和巨潮资讯网(http//www.cninfo.com.cn)为本 公司的指定信息披露媒体，本公司所发布信息均以上述媒体刊登的为准，敬请 投资者注意投资风险。 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 2019 年半年度报告全文 目录 2019 年半年度报告……………………………………………………………………………………………………………………………………………………………………………………………………………………… ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥134,917,009.04, representing a 12.17% increase compared to ¥120,274,332.94 in the same period last year[10] - The net profit attributable to shareholders was -¥10,783,893.49, a decrease of 34.35% from -¥8,026,639.24 year-on-year[10] - The basic earnings per share were -¥0.0216, down 34.21% from -¥0.0161 in the same period last year[10] - Operating profit for the current period was CNY -11,270,140.14, compared to CNY -8,251,951.09 in the previous period, indicating a decline in profitability[64] - Net profit for the current period was CNY -11,063,769.89, worsening from CNY -8,423,957.70 in the previous period[64] - Operating profit decreased to -¥7,206,961.86, compared to -¥3,866,593.72 in the previous period, indicating a worsening performance[71] - Net profit for the current period was -¥7,009,882.29, compared to -¥4,049,831.51 in the previous period, reflecting a significant increase in losses[71] Cash Flow - The net cash flow from operating activities was -¥4,777,580.73, a significant decline of 439.14% compared to ¥1,408,717.72 in the previous year[10] - The net cash flow from operating activities decreased by ¥6.19 million, a reduction of 439.14%, mainly due to an increase in cash payments related to operating activities[21] - Cash flow from operating activities showed a net outflow of -¥4,777,580.73, a decline from a net inflow of ¥1,408,717.72 in the previous period[74] - Cash flow from investing activities resulted in a net outflow of -¥108,813,323.46, compared to -¥1,495,342.71 in the previous period, indicating increased investment expenditures[77] - Cash flow from financing activities recorded a net outflow of -¥26,571,481.60, worsening from -¥16,472,718.80 in the previous period[77] - The ending balance of cash and cash equivalents decreased to ¥237,157,913.63 from ¥358,466,902.64 in the previous period, showing a significant reduction in liquidity[77] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,138,546,302.07, a decrease of 10.59% from ¥1,273,364,983.31 at the end of the previous year[10] - The company reported a total liability of CNY 457,560,254.29, down from CNY 557,468,614.47 in the previous period, reflecting a reduction in financial obligations[64] - Total liabilities decreased from 602,955,633.28 to 479,200,721.93, a reduction of about 20.54%[53] - Current liabilities decreased from 448,856,929.04 to 381,318,054.87, a reduction of about 15.05%[53] - Long-term borrowings decreased from 127,683,766.50 to 70,683,766.50, a decrease of approximately 44.55%[53] - Total equity decreased from 670,409,350.03 to 659,345,580.14, a decrease of about 1.58%[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,184[14] - The largest shareholder, Xi'an Tourism Group Co., Ltd., held 21.04% of the shares, totaling 105,000,000 shares[14] - The company did not engage in any repurchase transactions among the top 10 ordinary shareholders during the reporting period[16] Government Support and Legal Matters - The company received government subsidies amounting to ¥116,180.18 during the reporting period[10] - The company is currently involved in a significant lawsuit regarding a rental dispute with an amount of 11.90 million yuan, which may impact past and future profits[30] - The company has submitted materials to the Supreme People's Court of China for a retrial regarding a trademark infringement case, with compensation of 105,940.9 yuan ordered[29] Future Outlook and Strategic Initiatives - The company expects a cumulative net profit loss of between -16.50 million to -15.50 million yuan for the period from the beginning of the year to the next reporting period, representing a significant decrease of 704.13% compared to the same period last year[35] - Basic earnings per share are projected to be between -0.0331 to -0.0311 yuan, indicating a decrease of 707.32% year-on-year[35] - The company is in the process of adjusting its business model, which is expected to affect its net profit during the current reporting period[35] - The company plans to enhance its market expansion efforts and product development initiatives to drive future growth[64] - The company is exploring potential mergers and acquisitions to strengthen its market position and operational capabilities[64] Financial Reporting and Compliance - The financial report for the first quarter of 2019 was not audited, which may affect the reliability of the figures presented[103] - The company has not applied the new financial instrument and lease standards retrospectively, which could impact future financial reporting[103]

Financial Performance - The company's operating revenue for 2018 was approximately ¥496.04 million, representing a 0.45% increase compared to ¥493.79 million in 2017[25]. - The net profit attributable to shareholders for 2018 was approximately ¥9.47 million, a significant turnaround from a loss of ¥11.25 million in 2017, marking an increase of 181.66%[25]. - Basic and diluted earnings per share for 2018 were both ¥0.0190, compared to a loss of ¥0.0225 per share in 2017, reflecting an increase of 181.90%[25]. - The weighted average return on net assets improved to 1.44% in 2018, compared to -1.69% in 2017, indicating a positive trend[25]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to approximately -¥12.20 million in 2018, compared to -¥12.98 million in 2017, a decrease of 8.44%[25]. - Total operating income for 2018 was 533,747,495.95 CNY, an increase of 4.34% compared to 511,560,256.56 CNY in 2017[67]. - Total operating costs amounted to 526,683,595.46 CNY, up 5.61% from 498,691,044.68 CNY in the previous year[67]. - The net cash flow from operating activities decreased by 45.11% to 7,063,900.49 CNY from 12,869,211.88 CNY in 2017[67]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 45.11% to approximately ¥7.06 million in 2018, down from ¥12.87 million in 2017[25]. - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The cash dividend amount for 2018 was 0.00, representing 0.00% of the net profit attributable to shareholders[121]. - The company did not distribute cash dividends for the years 2016, 2017, and 2018, citing negative net profit attributable to shareholders in 2018 and the need for funds for transformation and upgrades[121][122]. Assets and Liabilities - Total assets increased to ¥1,273,364,983.31, representing a growth of 18.35% compared to the previous period[28]. - Net assets attributable to shareholders decreased slightly to ¥664,601,115.53, a decline of 1.45% from the previous period[28]. - Cash and cash equivalents at year-end were 377,320,299.42 yuan, accounting for 29.63% of total assets, a decrease of 5.23% from the previous year[72]. - The company's fixed assets totaled 301,461,898.30 yuan, making up 23.67% of total assets, down by 5.51% year-on-year[72]. Business Operations - The company has not experienced any changes in its main business operations, which remain focused on catering services and industrial food production and sales[24]. - The company operates 15 subsidiaries and is the largest catering enterprise in Northwest China, focusing on traditional and modern dining services[40]. - The restaurant service segment accounted for 76.96% of total revenue, with a slight decline of 0.58% year-on-year[56]. - The company’s food manufacturing segment contributed 12.61% to total revenue, with a gross profit margin of 29.14%[56]. Strategic Initiatives - The company aims to enhance quality and efficiency through project-driven strategies and increased group purchasing efforts[42]. - The company is committed to transforming its business model to adapt to changing market conditions and consumer preferences[41]. - The company plans to enhance its main business by developing a "5+1" operational model, which includes five traditional business segments and one food industrial product line[95]. - The company intends to explore the "Internet + catering" model, establishing online takeaway stores and collaborating with e-commerce platforms to meet diverse consumer needs[100]. Social Responsibility and Community Engagement - The company donated 1 million to the Xi'an Children's Welfare Institute and 200,000 to the local community, demonstrating its commitment to social responsibility[155]. - The company has supported the development of the beekeeping industry, providing 60 beehives to local farmers, ensuring a stable income of 1,000 per household[159]. - The company has organized volunteer activities to support the elderly and promote community service among its employees[158]. Governance and Compliance - The actual controller of the company changed from the State-owned Assets Supervision and Administration Commission of Xi'an to the Qujiang New District Management Committee during the reporting period[24]. - The independent directors have fulfilled their responsibilities and ensured the protection of minority shareholders' rights[118]. - The company faced a trademark infringement lawsuit from Xi'an Weierkang Marketing Service Co., with a claim amount of 2.1 million yuan, which was dismissed by the court[133]. Challenges and Risks - The company is facing food safety risks, emphasizing strict adherence to safety regulations and enhancing monitoring to mitigate potential quality issues[108]. - The company is addressing talent shortages in the restaurant industry by strengthening recruitment and training programs to build a professional talent pipeline[108]. - The restaurant industry in China is expected to face challenges in 2019, but it remains resilient due to its essential nature and government support for consumption upgrades[93].