Recent events
Recent events tied to this brand in public sources.
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2022
舍得酒业 reports 2021 annual results
舍得酒业 released its 2021 annual report, reporting revenue of 4.969 billion yuan and net profit attributable to shareholders of 1.246 billion yuan.
2022
Shede Liquor states it has no partnership with Yang Li
Shede Liquor responded to controversy over a guest invited to its sponsored program, stating that it had no cooperation with Yang Li.
2021
Shede Spirits directors and supervisors resign
Shede Spirits announced that directors Yu Dong, Yang Ping and Ren Lixia, and supervisors Li Jian, Liu Ziyue and Qiu Ming had resigned. Yu Dong, Yang Ping, Liu Ziyue and Qiu Ming continued in other company roles; Ren Lixia and Li Jian left all positions at the company.
2021
Six Sheshe Liquor directors and supervisors resign
Six directors and supervisors of Sheshe Liquor resigned, with the report stating that most cited personal or work reasons. The company's chairman described the departures as a normal adjustment and said replacements would be selected through the relevant procedures.
2020
Pinwei Shede wins China Baijiu Body Design Award
Shede Liquor’s Pinwei Shede (Fourth Generation) received the China Baijiu Body Design Award with the highest score among the entries.
2020
Shede Liquor subsidiary sues controlling shareholder affiliates over fund occupation
Shede Liquor subsidiary Tuopai Shede Marketing sued Tianyang Holdings and its affiliate Tianyang Real Estate to recover funds it said had been non-operationally occupied. The article reports an alleged RMB 440 million in fund transfers without the required approval procedures.
2020
Shede Spirits discloses related-party fund occupation
Shede Spirits disclosed that its indirect controlling shareholder, Tianyang Holding Group, and related parties had occupied company funds through Pengshan Liquor on a non-operating basis. About RMB 475 million remained unrecovered, and Tianyang Holding Group committed to repay the funds and interest by September 19, 2020. The Shanghai Stock Exchange requested further verification and disclosure.
2020
Court orders repayment in Shede Spirits subsidiary’s fund dispute
A court ordered Sanhe Tianyangcheng Real Estate Development to repay RMB 440 million borrowed from Shede Spirits’ subsidiary, Tuopai Shede Marketing, plus interest, and ordered Tianyang Holding Group to bear joint liability. The article describes the borrowing through a related company as non-operating related-party fund occupation.
2020
Shede Spirits products won Superior Taste Awards
Shede Spirits won two three-star Superior Taste Awards for Tianzihu and Wisdom Shede, and eight other Shede Spirits products received one- or two-star awards.