Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15%[12] - The total operating revenue for 2023 was RMB 1,186.85 million, an increase from RMB 1,093.03 million in 2022, representing a growth of approximately 8.55%[23] - The total profit for 2023 was RMB 156.32 million, up from RMB 137.98 million in 2022, indicating a year-over-year increase of about 13.23%[23] - The net profit attributable to shareholders for the year 2023 was RMB 1.579 billion, with a proposed cash dividend of RMB 4.00 per 10 shares, totaling RMB 494 million[5] - Net profit reached RMB 1.628 billion, an increase of 17.04% compared to the previous year[24] - The company achieved a total revenue of RMB 11.868 billion for the year, representing a year-on-year growth of 8.58%[24] - The basic earnings per share for 2023 were RMB 1.28, compared to RMB 1.13 in 2022, representing a growth of about 13.27%[23] - The comprehensive gross margin improved to 38.04%, up 1.29 percentage points from 36.75% in the prior year[42] Dividends and Shareholder Returns - The board proposed a dividend of RMB 0.40 per share for the year ending December 31, 2023[8] - The proposed dividend for the fiscal year ending December 31, 2023, is RMB 0.40 per share (tax included), totaling RMB 494 million, an increase from RMB 0.34 per share in 2022[93] - The dividend payment is scheduled to be made by July 19, 2024, pending shareholder approval[96] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[12] - Future guidance suggests a revenue growth target of 10-15% for the upcoming fiscal year[12] - The company is exploring strategic acquisitions to bolster its content offerings, with a budget of RMB 1 billion allocated for potential deals[12] - The company aims to enhance its digital transformation and strengthen its publishing and distribution industry chain in 2024[87] Product Development and Innovation - New product launches are expected to contribute an additional RMB 500 million in revenue in the next fiscal year[12] - The company launched over 800 new integrated products, including e-books, audiobooks, and modern paper books in 2023[25] - The company is focusing on integrating traditional publishing with digital media and enhancing educational service quality through innovative technology[51] Research and Development - Research and development investment increased by 30% to enhance technological capabilities[12] - Research and development expenses totaled RMB 19.98 million, a 41.03% increase from RMB 14.17 million in the previous year, mainly due to increased amortization of self-developed software[64] Financial Health and Stability - The net cash flow from operating activities for 2023 was RMB 235.30 million, an increase from RMB 202.44 million in 2022[23] - The total assets as of the end of 2023 were RMB 2,178.76 million, compared to RMB 2,065.14 million in 2022, marking an increase of about 5.47%[23] - The total liabilities for 2023 were RMB 837.34 million, up from RMB 798.94 million in 2022, which is an increase of approximately 4.80%[23] - The company maintains a healthy financial status and steadily increasing market share, ensuring strong protection of shareholder equity[24] Corporate Governance and Management - The board of directors consists of 9 members, including 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors, complying with legal requirements[149] - The company has adopted and complied with all applicable provisions of the Corporate Governance Code[130] - The company has implemented a code of conduct for securities trading by directors and supervisors, ensuring compliance with established standards[172] - The company has committed to enhancing its internal control and risk management systems[130] ESG and Social Responsibility - The company aims to improve its ESG performance, with specific initiatives planned for 2024[12] - The company was recognized for its ESG performance, being included in the "Top 100 ESG Listed Companies" by Securities Times in 2023[194] - The company actively engages with stakeholders, including readers, employees, shareholders, and government bodies, to understand and respond to their expectations[195] - The company is committed to supporting education in impoverished areas and contributing to rural revitalization[198] Operational Efficiency - The company is focusing on digital transformation and enhancing its online and offline integration to create a comprehensive reading service system[25] - The company has established a framework agreement with Wenxuan Online for logistics services from January 1, 2022, to December 31, 2024[115] - The company has a logistics service network covering major regions in China, supporting its reading service offerings[103] Investments and Acquisitions - The company invested RMB 1.5 billion and RMB 1 billion in two funds, acquiring 8.73% and 3.05% shares respectively, with a total investment of RMB 400 million in another fund[84] - The company acquired a 17% stake in Wenchuan Online for RMB 34.76 million, enhancing its supply chain service value[84] - The company acquired Liangshan Xinhua Bookstore, contributing to revenue growth[42] Risk Management - The company is focused on risk management, particularly regarding changes in cultural, tax, and education policies that may impact the industry[88] - The company has strengthened its risk management capabilities, with no major risk events impacting operations during the year, ensuring overall risk is controllable[177]

证券代码：601811 证券简称：新华文轩 公告编号：2024-008 新华文轩出版传媒股份有限公司董事会 2024 年 4 月 9 日 1 新华文轩出版传媒股份有限公司（以下简称"公司"或"本公司"） 董事会沉痛公告，公司独立非执行董事李旭先生于今日不幸因病逝世，公 司及公司董事会对李旭先生的逝世致以沉痛哀悼，并向其家人表示深切慰 问。 李旭先生在担任本公司独立非执行董事以及薪酬与考核委员会主席、 提名委员会委员期间，恪尽职守、勤勉尽责，利用自己的专业知识和丰富 经验，向公司相关决策提供了建设性意见，积极维护了中小股东利益，在 保障董事会合规运作、推动公司发展等方面作出了重要贡献，公司及公司 董事会谨此对李旭先生表示衷心感谢。 李旭先生逝世后，公司现任董事会成员由 9 名变为 8 名，未低于法定 最低人数，但公司独立非执行董事人数将低于董事会成员总人数的三分之 一。公司生产经营不受此影响。公司将根据《公司法》《公司章程》等有 关规定，按照法定程序尽快完成独立非执行董事补选工作。 特此公告。 新华文轩出版传媒股份有限公司 关于公司独立董事去世的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误 ...

Financial Performance - The company's operating revenue for 2023 reached ¥11,868,490,425.19, an increase of 8.58% compared to ¥10,930,302,487.30 in 2022[2] - Net profit attributable to shareholders was ¥1,579,146,004.64, reflecting a growth of 13.06% from ¥1,396,673,063.27 in the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥1,624,041,984.43, up by 11.03% from ¥1,462,692,294.42 in 2022[2] - The net cash flow from operating activities increased by 16.23% to ¥2,353,028,211.32 from ¥2,024,381,124.62 in the previous year[2] - The basic earnings per share for 2023 was ¥1.28, representing a 13.27% increase from ¥1.13 in 2022[5] - The company achieved operating revenue of 11.87 billion yuan, a year-on-year increase of 8.58%[170] - Net profit reached 1.63 billion yuan, up 17.04% year-on-year, driven by sales growth and tax policy changes[159] - The company reported a net cash flow from operating activities of 2.35 billion yuan, a 16.23% increase compared to the previous year[170] Product and Service Development - The company launched 845 new integrated products, including e-books and audiobooks, enhancing its product offerings[1] - The sales revenue from educational materials reached ¥4.612 billion, an increase of 11.40% from ¥4.140 billion in the previous year[7] - The company served 4.6623 million students through its "Wenxuan Youxue" online service platform, covering 6,190 schools[7] - The company has established a competitive advantage in digital education services, providing digital resources, teaching software and hardware, and educational equipment products[158] Market Position and Growth - The company achieved a market share ranking of 11th among 37 publishing media groups in the national general publishing market[20] - The retail market for books in China saw a scale of CNY 91.2 billion in 2023, up 4.72% year-on-year, reversing the previous year's negative growth[73] - The total sales volume at the Tianfu Book Fair reached CNY 151 million, representing a year-on-year growth of 10.16%[81] Investments and Financial Management - The company has made new investments totaling CNY 150 million in the Jinzhong Qicheng Phase II project and Jinshi Growth project[70] - The total amount of funds raised by the company is CNY 702,815,200, with a net amount after deducting issuance costs of CNY 645,175,098.06, representing a utilization progress of 98.47%[125] - The company has invested CNY 200,247,762.29 in the Education Cloud Service Platform project, achieving a utilization progress of 100.12%[126] - The company signed a framework agreement with Chengdu Bank for financial services, with a maximum deposit balance of 987 million RMB during the reporting period[104] Operational Efficiency - The company optimized its logistics network across key regions, enhancing service levels and operational capabilities[15] - The company implemented refined management strategies to improve publishing quality and marketing transformation[20] - The company emphasizes value investment and risk control while expanding its capital operations and real business synergy[70] Research and Development - Research and development expenses rose to 19.9799 million RMB, a 41.03% increase compared to the previous year, mainly due to increased amortization of self-developed software[196] - The company’s total R&D investment accounted for 0.09% of operating revenue, with 17.25% of R&D expenses capitalized[186] Environmental and Regulatory Compliance - The company has not experienced any significant environmental incidents or penalties during the reporting period, adhering to environmental protection laws[90] - The company is committed to reducing related party transactions and ensuring fair pricing in accordance with regulations[97] Future Outlook - The company is actively exploring new paths for integrated publishing, leveraging emerging technologies to transform content production, dissemination, and marketing[62] - The publishing industry is experiencing significant changes and new opportunities due to strong government support and the integration of various business models[62]

Financial Performance - The total operating revenue for the year ended December 31, 2023, was RMB 11,868,490,425.19, representing an increase of 8.6% compared to RMB 10,930,302,487.30 in 2022[6]. - The net profit for the year was RMB 1,497,993,816.01, which is an increase of 8.6% from RMB 1,379,799,651.29 in 2022[6]. - Net profit for the year reached RMB 1,628,350,305.31, an increase of 17.0% compared to RMB 1,391,235,128.21 from the previous year[7]. - The total revenue for the year reached RMB 11,689,548,656.46, an increase from RMB 10,778,208,745.73 in the previous year, representing a growth of approximately 8.4%[64]. - The main business income from educational materials sales was RMB 2,104,331,436.48, up from RMB 1,919,895,234.87, indicating a growth of about 9.6%[64]. - The company achieved operating revenue of RMB 11.868 billion, representing an 8.58% year-on-year increase, driven by growth in textbook distribution and online sales of general books, as well as revenue from the acquisition of Liangshan Xinhua Bookstore[84]. - The overall gross margin improved to 38.04%, up 1.29 percentage points from 36.75% in the previous year, with the main business gross margin at 37.25%, an increase of 1.27 percentage points[87]. - The company reported a total income tax expense of RMB 390.79 million for the current year, compared to RMB 344.95 million in the previous year, with a tax rate of 25% applied[77]. Assets and Liabilities - The total assets as of December 31, 2023, amounted to RMB 21,787,563,374.32, up from RMB 20,651,387,559.36 in the previous year, indicating a growth of 5.5%[3]. - The total liabilities as of December 31, 2023, were RMB 8,373,407,203.21, compared to RMB 7,989,354,199.30 in 2022, showing an increase of 4.8%[4]. - The total equity attributable to shareholders increased to RMB 13,070,948,143.35 from RMB 12,489,979,423.63, reflecting a growth of 4.7%[5]. - The total amount of cash dividends declared for the year was RMB 641,597,320.00, compared to RMB 394,829,120.00 in the previous year, reflecting a year-on-year increase of approximately 62.5%[63]. - The total accounts payable at the end of the year was RMB 5,470,058,096.76, slightly up from RMB 5,424,399,662.93 in the previous year[55]. Cash Flow - Operating cash flow increased to RMB 13,186,619,287.21, up 13.7% from RMB 11,654,572,871.67 in the prior year[8]. - The net cash inflow from operating activities for the year was RMB 2.353 billion, an increase of 16.23% compared to RMB 2.024 billion in the same period last year, primarily due to the acquisition of Liangshan Xinhua Bookstore and growth in sales of educational books[113]. - The net cash outflow from investing activities was RMB 461 million, a shift from a net inflow of RMB 232 million in the previous year, mainly due to increased expenditures on fund investments and fixed deposits[113]. - The net cash outflow from financing activities was RMB 576 million, slightly up from RMB 493 million in the previous year, primarily due to dividend distributions and lease liabilities[113]. Research and Development - Research and development expenses for the year were RMB 19,979,888.16, up from RMB 14,166,706.34, marking an increase of 41.1%[6]. - Total R&D expenditure amounted to RMB 10.31 million, with a capitalized R&D ratio of 17.25%[112]. Market and Growth Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[6]. - Future guidance indicates a focus on increasing revenue through strategic acquisitions and product development initiatives[34]. - The company plans to continue expanding its product offerings and enhance its service capabilities to meet diverse customer needs[91]. - The company is actively exploring new paths for integrated publishing, leveraging emerging technologies to enhance production, dissemination, and marketing processes[83]. Tax and Regulatory Changes - The company and its subsidiaries will no longer be exempt from corporate income tax starting January 1, 2024, after a five-year exemption period[13]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its sustainability[12]. - The company confirmed revenue from pre-received goods amounting to RMB 580,902,310.97 during the year[56]. Investments and Joint Ventures - The company has established joint ventures and partnerships to strengthen its investment portfolio and leverage synergies in the market[34]. - The company transferred 25% equity of Hainan Phoenix to Hainan Province Xinhua Bookstore Group on December 30, 2020, establishing significant influence over Hainan Phoenix as an associate company[36]. - The company signed a partnership agreement on August 1, 2023, investing RMB 40,000,000, holding a 19.90% limited partner share, with a fair value change loss of RMB 60,482.19 for the year[42]. Employee and Governance - The company emphasizes a "people-oriented" HR philosophy, focusing on employee growth and development through various training opportunities[127]. - The board of directors includes three executive directors and five non-executive directors, ensuring a diverse governance structure[140]. - The company established an audit committee in compliance with the listing rules, which reviewed the consolidated financial statements for the year[134].

Financial Performance - The company's operating revenue for Q3 2023 was RMB 2,562,159,945.02, representing an increase of 8.95% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was RMB 178,314,211.05, a significant increase of 226.56% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was RMB 180,305,469.31, up 68.14% from the previous year[5]. - For the year-to-date period, the operating revenue reached RMB 7,989,707,573.29, reflecting an increase of 8.98% compared to the same period last year[5]. - The net profit attributable to shareholders for the year-to-date period was RMB 940,470,666.86, which is a 21.76% increase year-on-year[5]. - The total revenue for the first three quarters of 2023 is CNY 7,989,707,573.29, compared to CNY 7,331,498,953.53 in the same period last year[30]. - The net profit attributable to the parent company was CNY 940,470,666.86, up from CNY 772,399,371.25, representing a growth of about 21.8% year-over-year[42]. - Basic earnings per share (EPS) for the current period is CNY 0.76, an increase of 21.76% year-over-year[21]. - Basic earnings per share increased to CNY 0.76 from CNY 0.63, marking a rise of approximately 20.6%[32]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period increased by 34.08%, driven by significant cash inflows from the book publishing business and the acquisition of Liangshan Xinhua Bookstore[9]. - The net cash flow from operating activities for the current period is CNY 1,150,598,038.89, representing a 34.08% increase compared to the previous period[21]. - The cash and cash equivalents as of September 30, 2023, are CNY 8,220,424,492.44, compared to CNY 7,801,800,506.62 at the end of the previous year[28]. - The company reported a net cash outflow from financing activities of CNY 507,155,710.15, compared to CNY 495,511,644.88 in the previous year[35]. - Cash inflow from investment activities was ¥353,888,086.51, down 64.4% from ¥994,578,347.10 in the prior period[45]. - Net cash flow from investment activities was -¥222,302,088.72, a decline from ¥371,159,235.11, indicating a negative shift[45]. Assets and Equity - The total assets as of September 30, 2023, amounted to RMB 22,623,618,464.50, compared to RMB 20,651,387,559.36 at the end of the previous year[15]. - The total non-current assets were RMB 7,879,320,877.17, slightly down from RMB 7,901,223,118.55 year-on-year[15]. - The equity attributable to shareholders of the listed company is CNY 13,143,011,204.67, which is a 5.23% increase compared to the previous year[21]. - Total assets as of September 30, 2023, amount to CNY 22,623,618,464.50, reflecting a 9.55% increase from the end of the previous year[21]. Operating Costs and Expenses - The total operating costs increased to CNY 6,975,823,721.25 from CNY 6,448,772,641.25, which is an increase of approximately 8.1%[42]. - Research and development expenses rose to CNY 12,909,392.76 from CNY 6,649,769.55, showing an increase of approximately 94.1%[42]. - The total dividends and interest payments amounted to CNY 419,989,565.06, an increase from CNY 394,829,120.00 in the previous year, representing a growth of about 6.4%[35]. Other Financial Metrics - The weighted average return on equity (ROE) for the current period is 7.30%, an increase of 0.65 percentage points year-over-year[21]. - The company has 23,474 total common shareholders at the end of the reporting period[24]. - The total comprehensive income for the period reached CNY 1,111,470,651.89, compared to CNY 1,037,421,783.40 in the previous year, reflecting an increase of approximately 7.1%[32]. - Cash received from tax refunds was ¥39,449,325.85, compared to ¥104,591,282.15 previously, showing a decrease of 62.3%[45]. - Cash paid to employees was ¥1,401,355,441.87, an increase of 18.3% from ¥1,184,166,444.62[45]. - Cash paid for taxes was ¥107,432,109.10, up from ¥89,240,618.81, reflecting a 20.4% increase[45].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. 新華文軒出版傳媒股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 2023年第三季度報告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董事 會」）欣然呈遞本公司及其附屬公司（統稱「本集團」）截至2023年9月30日止九個月 未經審計業績（「第三季度報告」）。本公告乃根據香港聯合交易所有限公司（「聯交 所」）證券上市規則第13.09(2)條及第13.10B條以及香港法例第571章證券及期貨條 例第XIVA部項下之內幕消息條文作出。 一、重要內容提示 公司董事會、監事會及董事、監事、高級管理人員保證第三季度報告內容的真 實、準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶 的法律責任。 公司負責人周青先生、主管會計工作負責人馬曉峰先生及會 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2023, representing a 15% increase compared to the same period last year[5]. - The company has set a revenue guidance of RMB 2.5 billion for the full year 2023, which reflects a projected growth of 10%[5]. - The company achieved operating revenue of RMB 5.428 billion, a year-on-year increase of 8.99%, primarily driven by growth in education services and internet sales, as well as revenue from the acquisition of Liangshan Xinhua Bookstore[11]. - Net profit for the period was RMB 789 million, reflecting a year-on-year growth of 10.35%, mainly due to increased gross profit from sales growth[11]. - The overall gross margin improved to 38.83%, up 0.75 percentage points from the previous year, with the main business gross margin at 38.10%, an increase of 0.88 percentage points[14]. - The publishing segment generated main business revenue of RMB 1.238 billion, a 12.58% increase from RMB 1.100 billion in the previous year, driven by growth in educational materials and general books[19]. - The retail book market saw a decline of 2.41% year-on-year, with physical store sales dropping by 23.55%, while short video e-commerce grew by 47.36%[10]. - The company’s strategic focus includes strengthening the publishing and education service industry chains, transitioning to a smart industry chain, and extending its industry chain advantages externally[11]. - The company reported a total comprehensive income of RMB 1,062,549,393.62 for the period, driven by a profit allocation of RMB (419,505,940.00)[87]. User Growth and Market Expansion - User data indicates a growth in active users by 20% year-on-year, reaching 5 million active users by June 30, 2023[5]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[5]. - The group served 6,189 schools, 434,700 teachers, and 4.66 million students through its online service platform[26]. Research and Development - Research and development expenses increased by 18%, focusing on enhancing digital publishing technologies[5]. - Research and development expenses surged by 273.32% to RMB 8,668,944.20 from RMB 2,322,116.03, primarily due to increased investment in educational information technology[28]. - The company is actively pursuing digital transformation and integration of new technologies such as big data and artificial intelligence to enhance its operational model[10]. Acquisitions and Investments - The company has completed a strategic acquisition of a local publishing firm, expected to enhance its content library by 15%[5]. - The company invested RMB 150 million in the Zhongjin Qicheng Phase II Fund, with RMB 120 million already paid as of June 30, 2023[44]. - In July 2023, the company invested RMB 100 million in Jinshi Growth Equity Investment (Hangzhou) Partnership[72]. - In August 2023, the company invested RMB 40 million in Sichuan Wentou Jinwen Equity Investment Fund Partnership[72]. Financial Position and Cash Flow - As of June 30, 2023, the company had cash and short-term deposits of approximately RMB 7.977 billion, an increase from RMB 7.802 billion as of December 31, 2022[40]. - The company's debt-to-asset ratio decreased to 36.29% as of June 30, 2023, down 2.40 percentage points from 38.69% on December 31, 2022[40]. - The current ratio improved to 1.8 as of June 30, 2023, compared to 1.7 in the same period last year[43]. - The net cash flow from operating activities increased by 38.37% to RMB 582,152,981.45, up from RMB 420,724,436.88 in the previous year[27]. - Cash and cash equivalents increased to RMB 7,977,398,442.23 from RMB 7,801,800,506.62, showing a growth of about 2.25%[75]. Shareholder Information - The board has not recommended any interim dividend for the six months ending June 30, 2023[5]. - The company has issued a total of 1,233,841,000 shares, with A shares accounting for 64.18% and H shares for 35.82%[55]. - Sichuan Xinhua Publishing Group holds 48.05% of the total issued shares, making it the largest shareholder[56]. Corporate Governance and Compliance - The audit committee confirmed that the interim financial report for the six months ended June 30, 2023, complies with applicable accounting standards and regulations[73]. - The company adopted and complied with all applicable principles and code provisions of the Corporate Governance Code during the reporting period[70]. - Changes in the board included the resignation of Mr. Luo Yong as executive director and chairman, effective August 29, 2023, with Mr. Zhou Qing appointed as the new chairman[65]. Risk Management - The company has identified potential risks related to market competition and regulatory changes, which are detailed in the management discussion section[5]. - The company emphasizes the importance of investor awareness regarding the forward-looking statements and associated risks[5]. - The company will closely monitor changes in cultural and educational policies that may impact the industry and adjust its operational strategies accordingly[51]. Employee and Operational Efficiency - As of June 30, 2023, the company had 7,770 employees, a decrease from 7,947 employees at the end of 2022[50]. - Employee retirement and corporate annuity contributions totaled RMB 108.89 million for the first half of 2023, an increase of RMB 16.71 million compared to RMB 92.18 million in the same period last year[50]. - The company aims to enhance its logistics network management system to improve operational efficiency and strengthen national supply chain service capabilities[48]. Accounting and Financial Reporting - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and relevant regulations[95]. - The company’s accounting year aligns with the calendar year, running from January 1 to December 31[98]. - The company’s financial reporting is based on the historical cost principle, except for certain financial instruments measured at fair value[97].

Financial Performance - Revenue for the first half of the year reached 5,427,547,628.27 yuan, an increase of 8.99% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company was 762,156,455.81 yuan, up 6.18% year-on-year[9] - Revenue increased by 8.99% to 5,427,547,628.27 RMB, driven by growth in education services, internet sales, and the acquisition of Liangshan Xinhua Bookstore[45][46] - Basic earnings per share for the first half of 2023 increased by 6.90% to RMB 0.62, while diluted earnings per share remained unchanged[134] - The company's general book publishing business achieved a revenue of RMB 453 million, a 13.63% increase year-on-year, with a gross margin of 24.63%, a decrease of 0.87 percentage points[148] - The textbook and teaching aid publishing business generated a revenue of RMB 630 million, a 9.25% increase year-on-year, with a gross margin of 39.01%, a decrease of 3.5 percentage points due to fluctuations in paper prices[149] - The company's textbook and teaching aid distribution business achieved a revenue of RMB 2.124 billion, a 13.49% increase year-on-year[149] - The company's logistics services revenue increased by 9.99% to RMB 171.67 million, with a gross margin increase of 3.45 percentage points[145] - Offline sales revenue increased by 8.69% to RMB 2.872 billion, with a gross margin increase of 0.49 percentage points[145] - Online sales revenue increased by 9.72% to RMB 2.481 billion, with a gross margin increase of 1.37 percentage points[145] - The company's general book distribution business achieved a main business revenue of 2.529 billion yuan, an increase of 8.47% compared to 2.331 billion yuan in the same period last year, mainly due to increased sales of student reading materials such as knowledge expansion and comprehensive practice[174] - The gross profit margin for the general book distribution business was 28.27%, an increase of 0.88 percentage points compared to 27.39% in the same period last year[174] - The company's education informatization and education equipment business achieved sales revenue of 72.32 million yuan, a decrease of 56.53% compared to the same period last year, mainly due to a significant decrease in local fiscal investment and smaller project scales[172] - The company's third-party logistics business achieved revenue of 120 million yuan in the first half of the year[175] - The company exported 274 copyrights and 2.15 million yuan worth of physical goods in the first half of the year[169] - The company launched 730 integrated publications and generated 5 million yuan in revenue from new business formats[169] - Asset impairment loss amounted to -40,814,578.89, a significant decrease compared to the previous period[178] - Disposal gains of assets were 267,758.40, a sharp decline of 99.34% year-over-year[178] - Other receivables increased by 75.04% to 227,153,733.07, mainly due to the declared cash dividends of 86 million from Chengdu Bank and Wanxin Media[182] - Other current assets rose by 55.49% to 514,785,696.64, driven by the transfer of time deposits due within one year[182] - Long-term receivables decreased by 39.25% to 61,013,498.25, as payments for educational informatization and equipment business were transferred to receivables[182] - Notes payable dropped by 83.21% to 5,000,000.00, due to reduced use of bills for settlement in printing materials supply and logistics businesses[182] - Other payables increased by 37.50% to 556,004,168.03, primarily due to the declared H-share cash dividends of 150 million[182] - Cash flow from operating activities improved significantly due to increased cash inflows from general book publishing and the acquisition of Liangshan Xinhua Bookstore[179] - Cash flow from investing activities was impacted by the absence of 86 million in cash dividends from Chengdu Bank and Wanxin Media, and the purchase of time deposits[179] Business Operations and Expansion - The company operates 186 retail stores in Sichuan Province, with new stores mainly from the acquisition of Liangshan Prefecture Xinhua Bookstore[13] - The company's education service network covers 152 branches in Sichuan Province, with new branches also from the Liangshan Prefecture Xinhua Bookstore acquisition[14] - The company's online platform serves 6,189 schools, 434,700 teachers, and 4.66 million students[23] - Labor and practical education business generated sales revenue of 71.81 million yuan, serving 259,500 students[23] - Teacher training business achieved sales revenue of 9.78 million yuan, serving 91,000 teachers[23] - The company's general book distribution business continues to grow, with a focus on online and offline integration[23] - The company's market share in the general book market ranked 11th among 37 publishing and media groups in China[22] - The company is actively revising national standard textbooks and developing new products to meet the "Double Reduction" policy requirements[22] - The company invested an additional 150 million yuan in Zhongjin Qichen Phase II during the first half of 2023[35] - The company's stock holdings increased from 1.87 billion yuan at the beginning of the period to 2.15 billion yuan at the end of the period, with a cumulative fair value change of 273.59 million yuan included in equity[44] - The company's private equity fund holdings decreased from 464.65 million yuan to 453.86 million yuan, with a fair value change loss of 4.64 million yuan during the period[44] - The company's investment in Chengdu Bank had an initial cost of 240 million yuan and a year-end book value of 976.8 million yuan, with a cumulative fair value change of -247.2 million yuan included in equity[44] - The company's investment in Wanxin Media had an initial cost of 186.42 million yuan and a year-end book value of 1.17 billion yuan, with a cumulative fair value change of 521 million yuan included in equity[44] - The company's total investment assets increased from 2.35 billion yuan at the beginning of the period to 2.61 billion yuan at the end of the period[44] - The company invested 120,000,000 RMB in Zhongjin Qichen Phase II, a new energy industry equity investment fund, holding a 9.88% stake[50][53] - Sichuan Education Press Co., Ltd., a subsidiary, reported revenue of 39,029.04 million RMB and net profit of 19,089.75 million RMB for the first half of 2023[55] - The company plans to enhance its original publishing and marketing capabilities to mitigate risks from market competition and changing consumer habits[56] - The company will further integrate publishing and distribution business with emerging technologies such as big data, cloud computing, AI, and blockchain, exploring new business models and opportunities[69] - The company's "Blockchain Publishing and Distribution Innovation Project - Digital Book Collection" was selected for the Sichuan Provincial Cultural Industry Development Project Library[169] - The company's 9 publishing houses were all ranked in the top 100 of the "2023 Chinese Book Overseas Library Collection Influence Research Report"[169] - The company's "Approaching Sanxingdui" was selected as one of the "China Good Books" of 2022[169] - The company's "My Family's 'Human World' Story" and other key theme books were launched in the first half of 2023[169] Expenses and Costs - The company's non-operating income and expenses amounted to -13.98 million yuan, with a total non-recurring profit and loss of -39.3 million yuan[31] - The company's management expenses increased due to the acquisition of Liangshan Xinhua Bookstore and increased human resource costs, depreciation, and property management expenses[38] - The company's R&D expenses increased due to investment in education informatization and amortization of self-developed software[38] - R&D expenses surged by 273.32% to 8,668,944.20 RMB, reflecting increased investment in innovation[45] - The acquisition of Liangshan Xinhua Bookstore contributed to increased sales expenses by 4.99%, reaching 660,590,684.41 RMB[45][46] - The company's total financial assets measured at fair value stood at 453,861,530.70 RMB, with a net loss of 4,637,313.55 RMB from fair value changes[53] - The company's fair value changes from financial assets amounted to RMB 32.18 million, which is not considered non-recurring profit or loss[137] Corporate Governance and Leadership Changes - The company's 2022 annual general meeting of shareholders was held on May 18, 2023, and resolutions were published on May 19, 2023, including the approval of the 2022 annual report and financial statements[70] - Luo Yong resigned as executive director, chairman, and chairman of the Strategy and Investment Committee due to age, effective August 29, 2023. Zhou Qing was appointed as the new executive director and chairman[73] - Tang Xiongxing resigned as supervisor and chairman of the Supervisory Committee due to work changes, effective August 29, 2023. Qiu Ming was appointed as the new supervisor and chairman[74][75] - The company did not propose any profit distribution or capital reserve conversion plan for the first half of 2023[76] Environmental and Social Responsibility - The company is committed to reducing environmental impact through energy-saving measures, facility upgrades, and the use of green materials in its printing operations[82] - The company actively participated in rural revitalization efforts in Sichuan Province, including poverty alleviation and infrastructure improvement projects[84] - Sichuan Xinhua Printing, a subsidiary, has implemented measures to reduce emissions and manage waste, achieving compliance with environmental standards and receiving a "Green Leading Enterprise" certification[95] - The company adheres to national environmental laws and regulations, promoting green operations and minimizing environmental impact[99] - The company organized the recycling of approximately 2,264.79 tons of books and periodicals during the reporting period[100] Financial Assets and Liabilities - The company's stock holdings increased from 1.87 billion yuan at the beginning of the period to 2.15 billion yuan at the end of the period, with a cumulative fair value change of 273.59 million yuan included in equity[44] - The company's private equity fund holdings decreased from 464.65 million yuan to 453.86 million yuan, with a fair value change loss of 4.64 million yuan during the period[44] - The company's investment in Chengdu Bank had an initial cost of 240 million yuan and a year-end book value of 976.8 million yuan, with a cumulative fair value change of -247.2 million yuan included in equity[44] - The company's investment in Wanxin Media had an initial cost of 186.42 million yuan and a year-end book value of 1.17 billion yuan, with a cumulative fair value change of 521 million yuan included in equity[44] - The company's total investment assets increased from 2.35 billion yuan at the beginning of the period to 2.61 billion yuan at the end of the period[44] - The company's total financial assets measured at fair value stood at 453,861,530.70 RMB, with a net loss of 4,637,313.55 RMB from fair value changes[53] - The company's financial assets are derecognized if the contractual rights to receive cash flows are terminated or if the risks and rewards are transferred to another party[194] - The company's financial liabilities are classified as other financial liabilities, including short-term borrowings, notes payable, and accounts payable[196] - The company's inventory is initially measured at cost, which includes purchase cost, processing cost, and other expenses to bring the inventory to its present location and condition[200] - The company does not recognize changes in the fair value of equity instruments and deducts transaction costs related to equity transactions from equity[198] - The company's financial liabilities are derecognized when the present obligation is discharged or replaced with a new financial liability with substantially different terms[197] - The company's financial assets are measured at fair value, with related liabilities adjusted for retained rights and obligations[195] - The company's expected credit losses for financial assets are determined by the difference between contractual cash flows and expected cash flows[192] - The company's lease receivables' credit losses are determined by the present value of the difference between contractual cash flows and expected cash flows[192] - The company's inventory is subject to impairment provisions based on categories and regions, with similar products grouped for impairment assessment[200] - The company's financial assets are derecognized if control is not retained after transfer, even if risks and rewards are not fully transferred[194] Tax and Financial Benefits - The company benefited from tax exemptions on property tax and urban land use tax for the first half of 2023, reducing tax expenses by 64.75%[47] Cash Flow and Investments - Operating cash flow grew by 38.37% to 582,152,981.45 RMB, indicating strong cash generation from core operations[45] - Investment cash flow decreased by 149.73% to -92,831,524.90 RMB, primarily due to reduced investment activities[45] - The company's subsidiaries, including Wenxuan Media and Wenxuan Logistics, continue to operate with 100% ownership and are consolidated in the financial statements[188] Agreements and Transactions - The company renewed a property management service agreement with Xinhua Culture Property, with an annual transaction cap of RMB 50.5 million and actual transactions of RMB 18.63 million during the reporting period[105] - The company entered into a housing lease framework agreement with Sichuan Xinhua Publishing & Distribution Group, with an annual transaction cap of RMB 46 million and actual transactions of RMB 19.39 million during the reporting period[105] - The company signed a paper supply framework agreement with Minzu Publishing House, with an annual transaction cap of RMB 39 million and actual transactions of RMB 8.8 million during the reporting period[107] - The company signed a publication procurement framework agreement with Minzu Publishing House, with an annual transaction cap of RMB 11.5 million and actual transactions of RMB 2.68 million during the reporting period[107] - The company signed a special business cooperation framework agreement with Chengdu Bank, allowing the company to use up to 20% of its latest audited net assets for financial management services, with a maximum daily deposit balance of RMB 526.29 million and a cumulative financial management service fee of RMB 2,300[116]

Financial Performance - The company's operating revenue for the six months ended June 30, 2023, was RMB 5,427,547,628.27, representing an increase of 9.0% compared to RMB 4,979,805,010.92 in the same period last year[5]. - The net profit for the period was RMB 788,911,442.79, up from RMB 687,429,200.28, showing a year-on-year growth of approximately 14.8%[5]. - The net profit for the current period reached RMB 788,911,442.79, an increase from RMB 714,928,663.40 in the same period last year, representing a growth of approximately 10.3%[6]. - The net profit attributable to shareholders of the parent company was RMB 762,156,455.81, compared to RMB 717,795,048.76 in the previous year, indicating a year-over-year increase of about 6.2%[6]. - The total comprehensive income attributable to shareholders of the parent company was RMB 1,062,549,393.62, up from RMB 1,036,594,344.41, reflecting a growth of approximately 2.5%[6]. - The total profit for the current period is RMB 801,517,699.29, compared to RMB 701,178,931.84 in the previous year, reflecting an increase of about 14.3%[67]. - The company reported a basic earnings per share of 0.62, up from 0.58 in the previous year, marking an increase of approximately 6.9%[6]. Assets and Liabilities - The total assets as of June 30, 2023, were RMB 20,883,277,342.26, a slight increase from RMB 20,651,387,559.36 at the end of 2022[4]. - The company's total liabilities decreased to RMB 7,578,200,528.58 from RMB 7,989,354,199.30, indicating improved financial health[4]. - The total equity attributable to shareholders rose to RMB 13,106,267,890.27 from RMB 12,489,979,423.63, reflecting a solid growth in shareholder value[4]. - The company's total current assets amounted to RMB 2,589,654,541.72, a decrease from RMB 2,814,164,874.75 as of December 31, 2022, reflecting a reduction of approximately 8%[30]. - The company's total liabilities as of June 30, 2023, were RMB 2.55 billion, with a notable portion related to credit loss provisions[22]. Cash Flow and Liquidity - The company's cash and cash equivalents increased to RMB 7,977,398,442.23 from RMB 7,801,800,506.62, providing a stronger liquidity position[2]. - Cash flow from operating activities for the current period was RMB 582,152,981.45, compared to RMB 420,724,436.88 in the same period last year, showing an increase of about 38.4%[7]. - The cash and cash equivalents at the end of the period totaled RMB 7,941,736,016.36, compared to RMB 6,308,966,661.48 at the end of the same period last year, representing a growth of about 25.9%[7]. - The company's financial position remains stable, with a total cash and cash equivalents balance of approximately RMB 7.98 billion as of June 30, 2023, compared to RMB 7.80 billion at the end of 2022[15]. - The company's debt-to-asset ratio decreased to 36.29% as of June 30, 2023, down from 38.69% at the end of 2022, indicating a more stable financial structure[109]. Investment and R&D - Research and development expenses increased significantly to RMB 8,668,944.20, compared to RMB 2,322,116.03 in the previous year, reflecting the company's commitment to innovation[5]. - The company invested RMB 120,000,000.00 in the Zhongjin Qicheng Phase II investment fund, holding an 8.7277% stake[41]. - The company recognized an investment loss of RMB 634,028.22 for the current period, with cumulative unrecognized investment losses amounting to RMB 10,576,139.86[38]. - The company reported a credit loss provision of RMB 72.18 million for the current period, with no accounts receivable written off during this period[24]. Market and Business Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5]. - The company plans to continue its market expansion and product development strategies, focusing on enhancing its competitive edge in the industry[36]. - The company is focusing on enhancing its logistics network management system to improve operational efficiency and strengthen national supply chain capabilities[114]. - The company aims to expand its general book distribution business and enhance its online sales capabilities, particularly in response to market demands post "double reduction" policy[114]. - The company is committed to integrating emerging technologies such as big data, cloud computing, AI, and blockchain into its publishing and distribution business[115]. Tax and Compliance - The company is exempt from corporate income tax for five years starting from January 1, 2019, under specific tax policies aimed at cultural enterprises[11]. - The company is exempt from property tax and urban land use tax for the first half of 2023, benefiting from government policies aimed at specific industries[13]. - The company has confirmed that its interim financial report complies with applicable accounting standards and regulations[119]. Shareholder Returns - The company declared cash dividends totaling RMB 1,200,000.00 during the reporting period[37]. - The company declared a cash dividend of RMB 0.34 per share for the fiscal year 2022, totaling RMB 419,505,940.00, an increase from RMB 394,829,120.00 in the previous year[58]. - The company did not propose an interim dividend for the six months ended June 30, 2023, consistent with the previous year[118].

Financial Performance - Total operating revenue for Q1 2023 was RMB 2,311,171,082.62, an increase of 4.75% compared to RMB 2,206,716,104.48 in Q1 2022[4] - Net profit for Q1 2023 reached RMB 204,601,323.33, compared to RMB 167,337,010.63 in Q1 2022, reflecting a growth of 22.3%[6] - Earnings per share for Q1 2023 was RMB 0.16, an increase from RMB 0.14 in Q1 2022[6] - The company reported a profit before tax of RMB 214,020,006.03 for Q1 2023, compared to RMB 152,153,741.43 in Q1 2022, marking a 40.7% increase[6] - The total comprehensive income for Q1 2023 was RMB 207,652,204.53, down from RMB 415,178,082.70 in Q1 2022, indicating fluctuations in other comprehensive income[6] - The net profit attributable to shareholders of the listed company reached ¥199,630,180.88, which is an 18.01% increase year-on-year[37] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥226,094,096.43, showing a significant increase of 48.54%[37] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 2,066,210,793.59, up 6.09% from RMB 1,947,546,890.64 in Q1 2022[4] - Research and development expenses for Q1 2023 were RMB 3,752,132.46, significantly higher than RMB 1,230,776.05 in Q1 2022, indicating a focus on innovation[4] Assets and Liabilities - Total liabilities increased to RMB 8,639,186,347.62 in Q1 2023 from RMB 7,989,354,199.30 in Q1 2022, representing a growth of 8.15%[2] - Total equity attributable to shareholders reached RMB 12,692,660,485.71 in Q1 2023, up from RMB 12,489,979,423.63 in Q1 2022[2] - The total assets of the company as of March 31, 2023, amounted to ¥21,508,871,912.21, representing a 4.15% increase from ¥20,651,387,559.36 at the end of 2022[27] - The company's current assets totaled ¥13,708,557,463.97, up from ¥12,750,164,440.81 at the end of 2022[21] - The company's equity attributable to shareholders was ¥12,692,660,485.71, an increase of 1.62% from ¥12,489,979,423.63 at the end of 2022[27] - The company's inventory as of March 31, 2023, was ¥2,808,863,118.20, compared to ¥2,572,840,225.77 at the end of 2022[21] - The company reported a decrease in long-term receivables to ¥64,228,158.61 from ¥100,428,300.51 at the end of 2022[21] Cash Flow - The company’s cash flow from operating activities for Q1 2023 showed a positive trend, reflecting improved operational efficiency[4] - In Q1 2023, the cash inflow from operating activities was approximately ¥2.76 billion, an increase of 11.2% compared to ¥2.48 billion in Q1 2022[9] - The net cash flow from operating activities was ¥174.46 million, a significant improvement from a net outflow of ¥54.68 million in the same period last year[9] - Cash inflow from investment activities totaled ¥115.10 million, up from ¥68.04 million in Q1 2022, marking a 69.2% increase[9] - The net cash flow from investment activities was ¥60.18 million, a recovery from a net outflow of ¥237.80 million in the previous year[9] - The cash outflow from financing activities was ¥15.97 million, compared to ¥20.96 million in Q1 2022, indicating a reduction of 23.5%[11] - The net increase in cash and cash equivalents for the quarter was ¥218.66 million, contrasting with a net decrease of ¥313.44 million in Q1 2022[11] - The ending balance of cash and cash equivalents reached approximately ¥7.98 billion, up from ¥5.68 billion at the end of Q1 2022, reflecting a year-over-year increase of 40.7%[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,135[13] - The largest shareholder, Sichuan Xinhua Publishing and Distribution Group Co., Ltd., held 55.40% of the shares[14] Product and Innovation - The company has not reported any new product launches or significant technological advancements during this quarter[10]