洋河股份:2021年年度报告(英文版)

【摘要】JiangsuYangheDistilleryCo.,Ltd.2021AnnualReportApril2022SectionIImportantStatements,ContentsandDefinitionsTheboardofdire...

Jiangsu Yanghe Distillery Co., Ltd.

      2021 Annual Report

          April 2022


      Section I Important Statements, Contents and Definitions

The board of directors, board of supervisors, directors, supervisors and senior management of Jiangsu Yanghe
Distillery Co., Ltd. (hereinafter referred to as the Company) hereby guarantee that the information presented in
this report is free of any false records, misleading statements or material omissions, and shall individually and
together be legally liable for truthfulness, accuracy andcompleteness of itscontents.

Mr. Zhang Liandong, responsible person for the Company, Mr. Yin Qiuming, responsible person for accounting
affairs and Mr. ZhaoQike, responsible person for accounting department (accounting supervisor) have warranted
that the financial statements in this report are true, accurate and complete.

All directors attended the board meeting to review this report.

The future plans and some other forward-looking statements mentioned in this report shall not be considered as
virtual promises of the Company to investors. Investors and people concerned should maintain adequate risk
awareness and understand the difference between plans, predictions and promises. Investors are kindly
reminded to pay attention to possible investment risks.

In the annual report, the possible risks in the operation of the Company are described in detail (see 11.Outlook
for the Future Development of the Company in Section III Management Discussion and Analysis). Investors are
kindly reminded to pay attention to relevant content.

The profit distribution plan approved by the board of directors: based on total share capital participating in the
dividend on the registration date (excluding the repurchased shares held in the Company's special repurchase
securities account) when the profit distribution plan is implemented in the future, a cash dividend of CNY 30.00
(tax inclusive) will be distributed for every 10 existing shares held, 0 shares of bonus shares (tax inclusive), and
reserves would not be converted into share capital.

The Company’s Chinese 2021 Annual Report was publicly disclosed on the Shenzhen Stock Exchange
and www.cninfo.com.cn on 29 April 2022. If there are any differences between the English version and
the Chinese one, please refer to the latter.


                          Contents


Section I Important Statements, Contents and Definitions.......2

Section II Company Profile and Key Financial Results.......5

Section Ⅲ Management Discussion and Analysis........10

Section Ⅳ Corporate Governance........33
Section Ⅴ Environment andSocial Responsibility.......67
Section Ⅵ Significant Events......71
Section Ⅶ Changes in Shares and Information about Shareholders………………..94

Section Ⅷ Information about Preference Shares......103

Section Ⅸ Information about Bonds.......104
Section Ⅹ Financial Report......105

                        Definitions

                  Term                    Reference                    Definition

The Company, This Company, Yanghe            Refer to  Jiangsu Yanghe Distillery Co., Ltd.

Yanghe Group, Controlling shareholder            Refer to  Jiangsu Yanghe Group Co.,Ltd.

The current year, In the reporting period          Refer to  1 Jan. 2021 to 31 Dec. 2021

The report                                  Refer to  2021 Annual Report

Yuan, Ten thousand yuan, A hundred million yuan  Refer to  CNY 0.00, CNY 10,000.00, CNY 100,000,000.00

The shareholders' meeting, the board of directors,  Refer to  The shareholders'meeting, the board of directors and
the board of supervisors                                the board of supervisors of the Company

Articles of incorporation                        Refer to  Articles of incorporation of Jiangsu Yanghe Distillery
                                                    Co., Ltd.

SSE                                        Refer to  Shenzhen Stock Exchange

SRC,CSRC                                  Refer to  China Securities Regulatory Commission

SAC of Suqian, SASAC of Suqian                  Refer to  State-owned Assets Supervision and Administration
                                                    Commission of Suqian

Suya Jincheng, Accounting firm                  Refer to  Suya Jincheng CPA LLP

Blue Alliance                                Refer to  Jiangsu Blue Alliance Co., Ltd.

Yanghe Branch of the Company                  Refer to  Jiangsu Yanghe Distillery Co., Ltd. Yanghe Branch

Siyang Branch of the Company                  Refer to  Jiangsu Yanghe Distillery Co., Ltd. Siyang Branch

Shuanggou Distillery                          Refer to  Jiangsu Shuanggou Distillery Stock Co.,Ltd.

Guijiu Comapny                              Refer to  Guizhou Guijiu Co., Ltd.

Lihuacun Distillery                            Refer to  Hubei Lihuacun Distillery Co., Ltd.

Inside and outside the province                  Refer to  Inside and outside Jiangsu Province


        Section II Company Prof