证券代码：601811 证券简称：新华文轩 公告编号：2023-035 单位：万元 业务板块 销售码洋 主营业务收入 主营业务成本 毛利率(%) 出版业务 —— 123,797.71 85,408.10 31.01 其中：教材教辅 109,325.75 63,026.28 38,441.08 39.01 一般图书 193,530.89 45,305.24 34,145.38 24.63 发行业务 —— 482,299.17 323,818.91 32.86 其中：教材教辅 219,244.67 212,405.68 128,860.28 39.33 一般图书 399,908.18 252,854.64 181,365.26 28.27 版；印刷服务及物资供应等业务。 发行业务涵盖了向学校及师生发行教学用书，提供中小学教育信 息化及教育装备业务，出版物的零售、分销及互联网销售业务等。 新华文轩出版传媒股份有限公司 关于 2023 年半年度主要经营数据的公告 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、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担法律责任。 新华文轩出版传媒股份有 ...

证券代码：601811 证券简称：新华文轩 公告编号：2023-017 新华文轩出版传媒股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 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、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： ●会议召开时间：2023 年 6 月 15 日（星期四）15:30-16:30 ●会议召开地点：全景网（https://ir.p5w.net） ●会议方式：视频录制及网络文字互动 ●投资者可于 2023 年 6 月 14 日（星期三）17:00 前将需要了解的情况和 有关问题预先通过后附的电话或电子邮件方式联系新华文轩出版传媒股份有 限公司（以下简称"公司"）。公司将在业绩说明会上在信息披露允许的范围 内对投资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、地点 （一）会议召开时间：2023 年 6 月 15 日（星期四）15:30-16:30 （二）会议召开方式：视频录制及网络文字互动 （三）网络交流地址：全景网（https://ir.p5w.net） 三、公司参加人员 参加本次业绩说明会 ...

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]

Financial Performance - The company's operating revenue for Q1 2023 was RMB 2,311,171,082.62, representing a year-on-year increase of 4.73%[3] - Net profit attributable to shareholders of the listed company was RMB 199,630,180.88, reflecting an 18.01% increase compared to the same period last year[3] - The net profit from non-recurring gains and losses was RMB 226,094,096.43, which is a significant increase of 48.54% year-on-year[3] - The basic earnings per share for the period was RMB 0.16, marking an 18.01% increase from the previous year[3] - Operating profit for Q1 2023 was RMB 219,271,783.39, up from RMB 139,050,524.10 in Q1 2022, reflecting a significant improvement in profitability[15] - Net profit attributable to shareholders of the parent company for Q1 2023 was RMB 204,601,323.33, compared to RMB 167,337,010.63 in Q1 2022, indicating a growth of 22.3%[16] Assets and Liabilities - Total assets at the end of the reporting period were RMB 21,508,871,912.21, up 4.15% from the end of the previous year[3] - Total assets as of March 31, 2023, amounted to RMB 21,508,871,912.21, an increase from RMB 20,651,387,559.36 as of December 31, 2022[10] - Current assets totaled RMB 13,708,557,463.97 as of March 31, 2023, compared to RMB 12,750,164,440.81 at the end of 2022, showing a growth of 7.5%[9] - The company’s total liabilities as of March 31, 2023, were RMB 8,639,186,347.62, up from RMB 7,989,354,199.30 at the end of 2022[12] Cash Flow - The net cash flow from operating activities was RMB 174,459,045.44, with no applicable year-on-year comparison[3] - In Q1 2023, the net cash flow from operating activities was ¥174,459,045.44, a significant improvement from a net outflow of ¥54,677,974.09 in Q1 2022[18] - Total cash inflow from operating activities reached ¥2,762,719,984.06, compared to ¥2,484,000,020.60 in the same period last year, reflecting a year-over-year increase of approximately 11.2%[18] - The cash flow from operating activities showed a strong recovery, indicating improved operational efficiency and revenue generation capabilities[18] Shareholder Information - The total number of ordinary shareholders as of March 31, 2023, was 19,135[6] - The largest shareholder, Sichuan Xinhua Publishing and Distribution Group Co., Ltd., holds 55.40% of the shares[6] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to RMB 2,263,563,053.54 from RMB 1,697,878,791.47, marking a growth of 33.3%[9] - Inventory levels increased to RMB 2,808,863,118.20 as of March 31, 2023, compared to RMB 2,572,840,225.77 at the end of 2022, reflecting a rise of 9.2%[9] Cash and Investments - The company’s cash and cash equivalents increased to RMB 8,022,102,726.90 as of March 31, 2023, compared to RMB 7,801,800,506.62 at the end of 2022, indicating a growth of 2.8%[9] - The company’s long-term investments in equity increased slightly to RMB 753,423,493.32 from RMB 748,393,704.39, showing a marginal growth of 0.4%[10] - Cash inflow from investment activities totaled ¥115,104,654.60, up from ¥68,038,925.31 in the previous year, marking an increase of approximately 69.2%[18] Financing Activities - Cash outflow related to financing activities decreased to ¥15,971,608.05 from ¥20,964,318.06, showing a reduction of approximately 23.8%[19] - The company received ¥50,000,000.00 related to investment activities in Q1 2023, which was not present in Q1 2022[18] - The company continues to focus on enhancing its cash position and managing expenses effectively to support future growth initiatives[19]

Financial Performance - The company achieved a revenue of RMB 10.93 billion in 2022, representing a year-on-year growth of 4.49%[18]. - The net profit attributable to shareholders was RMB 1.397 billion, an increase of 6.95% compared to the previous year[18]. - Basic earnings per share were RMB 1.13, reflecting a growth from RMB 1.06 in 2021[17]. - The total assets of the company reached RMB 206.51 billion, up from RMB 187.74 billion in 2021[17]. - The net profit after deducting non-recurring gains and losses was RMB 1.346 billion, a year-on-year increase of 2.66%[18]. - The overall gross margin improved to 36.75%, up from 36.46% in the previous year, marking an increase of 0.29 percentage points[47]. - The company reported a weighted average return on equity of 11.78%, down from 12.23% in the previous year[17]. - The net cash flow from operating activities was RMB 2.02 billion, slightly down from RMB 2.05 billion in 2021[17]. - The company achieved a revenue of RMB 10.93 billion in 2022, representing a year-on-year growth of 4.49% from RMB 10.46 billion in 2021[46]. - The net profit for the year was RMB 1.39 billion, an increase of 6.75% compared to RMB 1.30 billion in the previous year[46]. Dividend and Shareholder Information - The board proposed a dividend of RMB 0.34 per share for the year ended December 31, 2022[8]. - The company plans to distribute a cash dividend of RMB 3.40 per 10 shares, totaling RMB 420 million[18]. - The company plans to distribute the proposed 2022 final dividend to H shareholders by July 18, 2023, subject to shareholder approval[100]. - The total issued share capital of the company as of December 31, 2022, was RMB 1,233,841,000, divided into 1,233,841,000 shares with a par value of RMB 1.00 each[123]. - The company has a total of 791,903,900 A shares, accounting for 64.18% of the issued share capital[124]. - The company has 441,937,100 H shares, which constitute 35.82% of the issued share capital[124]. - The company’s major shareholders include Sichuan Development and Sichuan Xinhua Publishing Group, with significant holdings in both A and H shares[129]. Business Strategy and Development - The company is focused on research and development (R&D) to enhance its product offerings and market competitiveness[9]. - The company aims to leverage digital platforms for content distribution, enhancing user engagement and sales[10]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[10]. - The future strategy includes a dual-driven approach of "technology + capital" to upgrade the publishing and media industry chain, enhancing market competitiveness and cultural influence[26]. - The company plans to leverage capital operations to promote industry development by diversifying investment risks and collaborating with leading investment institutions[89]. - The company aims to enhance product quality and service capabilities by developing teaching materials that meet market demands and exploring new usage scenarios for educational equipment[89]. - The company will strengthen internet channel operations and optimize channel management structure to improve customer experience[89]. - The company intends to accelerate the transformation and upgrading of physical bookstores and expand services to government enterprises and rural libraries[89]. Market and Operational Insights - The retail book market in China saw a decline of 11.77% in 2022, with total sales amounting to RMB 87.1 billion[45]. - The company acknowledges potential risks from policy adjustments in the cultural and education sectors, which may impact the industry environment and market competition[92]. - The company faces increasing market competition and changing consumer habits, necessitating a focus on enhancing original publishing and marketing capabilities[92]. - The company has established partnerships with various publishing and media entities to expand its market reach and operational capabilities[10]. - The company has developed a comprehensive reading service network that integrates online and offline platforms, covering major cities in China[106]. Governance and Compliance - The company is committed to transparency and governance, adhering to the standards set by the Hong Kong Stock Exchange and the Shanghai Stock Exchange[4]. - The company has implemented strict compliance with the Listing Rules regarding related party transactions, ensuring transparency and accountability[108]. - The company has adopted and complied with all applicable code provisions of the Corporate Governance Code[132]. - The company has established a clear internal control and risk management framework, with the board responsible for its effectiveness and continuous review[184]. - The company has maintained a commitment to good corporate governance and risk management practices[132]. Research and Development - The company is focused on research and development (R&D) to enhance its product offerings and market competitiveness[9]. - Research and development expenses increased by 273.42% to RMB 14.17 million, primarily due to investments in educational information technology[66]. - The group’s total research and development investment was RMB 17.37 million, with capitalized R&D accounting for 58.78% of the total[73]. Community and Social Responsibility - The total charitable donations made by the group during the year amounted to approximately RMB 37.84 million, compared to RMB 49.63 million in 2021[122]. - The group organized over 4,000 reading activities in 2022, serving tens of millions of readers[24]. - The company has a strong competitive advantage in children's book publishing, particularly with its proprietary IP "Mi Xiao Quan," which consistently ranks on national bestseller lists[105]. Risk Management - The company has no significant risks that could materially affect its operations during the reporting period[18]. - The company has not identified any significant internal control deficiencies during the year, indicating that its internal control mechanisms are complete and effective[186]. - The company has maintained a strong focus on enhancing its overall risk prevention capabilities, with a continuous improvement in risk awareness across all departments[186].

公司代码：601811 公司简称：新华文轩 2022 年年度报告 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | 董事 | 戴卫东 | 其他公务 | 张鹏 | | 董事 | 柯继铭 | 其他公务 | 刘龙章 | 经审计，本公司2022年度归属于上市公司股东的净利润为139,667.31万元。2022年利润分配预 案：拟以总股本123,384.10万股为基数，向股东每10股派发现金股利3.40元（含税），共计支付现 金股利41,950.59万元（含税）。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成本公司对投资者的实质承诺，敬请 投资者注意投资风险。 否 九、 是否存在半数以上董事无法保证公司所披露年度报告的真实性、准确性和完整性 十一、 其他 2022 年年度报告 | --- | --- | |--------------|------------------- ...

Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 10,930,302,487.30, representing an increase of 4.5% compared to RMB 10,460,363,983.51 in 2021[6]. - The operating profit for the same period was RMB 1,414,676,133.15, up from RMB 1,355,628,438.27 in the previous year, indicating a growth of approximately 4.3%[6]. - The company reported a net profit of RMB 1,368,364,174.37 for the year, compared to RMB 1,303,281,261.88 in the previous year, which is an increase of approximately 5%[6]. - The net profit for the year was RMB 1,391,235,128.21, an increase from RMB 1,303,281,261.88 in the previous year, representing a growth of approximately 6.75%[7]. - The total comprehensive income attributable to the parent company's shareholders was RMB 1,663,248,519.88, compared to RMB 1,467,206,253.18 last year, reflecting an increase of about 13.38%[7]. - The company reported basic earnings per share of RMB 1.13, up from RMB 1.06 in the previous year, reflecting an increase of about 6.60%[7]. - The net profit attributable to the parent company for the year was RMB 1,396,673,063.27, compared to RMB 1,305,941,469.01 the previous year, reflecting a year-on-year increase of about 6.9%[50]. - The company declared a cash dividend of RMB 0.32 per share for the year, totaling RMB 394,829,120.00, an increase from RMB 0.31 per share and RMB 382,490,710.00 the previous year[52]. Assets and Liabilities - The total assets as of December 31, 2022, amounted to RMB 20,651,387,559.36, an increase from RMB 18,773,945,790.88 in 2021, marking a growth of about 9.4%[5]. - The total liabilities increased to RMB 7,989,354,199.30 from RMB 7,664,257,231.46, representing a rise of approximately 4.2%[4]. - The equity attributable to shareholders increased to RMB 12,489,979,423.63 from RMB 11,221,560,023.75, showing a growth of about 11.3%[5]. - The asset-liability ratio decreased to 38.69% from 40.82%, indicating a more robust financial structure[101]. Cash Flow and Investments - Cash inflow from operating activities amounted to RMB 11,654,572,871.67, up from RMB 11,358,246,202.61, indicating a growth of approximately 2.61%[8]. - The net cash flow from operating activities was RMB 2,024,381,124.62, slightly down from RMB 2,047,329,577.21 in the previous year, showing a decrease of about 1.12%[8]. - Cash inflow from investment activities was RMB 1,112,688,325.34, significantly higher than RMB 427,298,612.92 last year, marking an increase of approximately 160.06%[8]. - The net cash flow from financing activities was negative at RMB (492,510,346.28), compared to RMB (511,795,258.22) in the previous year, indicating a slight improvement[9]. - The company reported a cash balance of approximately RMB 7.80 billion as of December 31, 2022, up from RMB 6.04 billion a year earlier[101]. Research and Development - Research and development expenses increased significantly to RMB 14,166,706.34 from RMB 3,793,741.38, reflecting a focus on innovation and new product development[6]. - The company plans to expand its market presence and invest in new technologies to drive future growth[6]. Market and Segment Performance - The education services segment generated RMB 6,268,017,683.64 in revenue, up from RMB 5,846,827,386.54, marking an increase of about 7.2% year-over-year[55]. - Internet sales contributed RMB 2,532,285,613.46, reflecting a growth of 12% compared to RMB 2,260,461,503.91 in the previous year[55]. - The publishing segment reported revenue of RMB 2,746,493,616.44, a slight decrease from RMB 2,826,553,513.10, indicating a decline of approximately 2.8%[55]. - The logistics services segment generated RMB 412,270,031.41, down from RMB 440,564,135.05, reflecting a decrease of approximately 6.1% year-over-year[55]. Operational Efficiency - The total operating costs for the year were RMB 6,913,161,426.93, slightly higher than RMB 6,646,716,822.70 the previous year[54]. - The comprehensive gross profit margin increased to 36.75%, up from 36.46% in the previous year, marking an increase of 0.29 percentage points[72]. - The main business gross profit margin was 35.98%, slightly up from 35.56% year-on-year[72]. Future Outlook and Strategy - The company plans to expand its market presence through new product offerings and technological advancements in the education sector[57]. - The company continues to evaluate its business segments to allocate resources effectively and assess performance based on internal reporting standards[57]. - The company plans to implement a "stabilize scale, adjust structure, solidify foundation, and mitigate risks" approach to promote publishing development[110]. - The company aims to enhance product quality and service capabilities by developing teaching materials that meet market demands and exploring new usage scenarios for educational equipment[110]. Risks and Challenges - The company faces risks from policy adjustments in the cultural and education sectors, which may impact the industry environment and market competition[112]. - The company acknowledges increasing market competition, including price wars and product homogenization, which pose challenges to the publishing industry[112]. - The integration of emerging technologies such as big data, cloud computing, and artificial intelligence presents both opportunities and challenges for the company[112].

Financial Performance - The company's operating revenue for Q3 2022 was RMB 2,351,693,942.61, a decrease of 1.88% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2022 was RMB 54,604,322.49, down 47.77% year-on-year[2]. - The basic earnings per share for Q3 2022 was RMB 0.04, reflecting a decline of 47.77% compared to the previous year[3]. - The net profit for Q3 2022 was 770,866,039.27 RMB, an increase from 704,313,161.13 RMB in Q3 2021, representing a growth of approximately 9.4%[15]. - Total comprehensive income for Q3 2022 reached 1,037,421,783.40 RMB, compared to 787,047,145.11 RMB in Q3 2021, reflecting a growth of approximately 32.0%[16]. - Basic earnings per share rose to 0.63 RMB in Q3 2022, up from 0.57 RMB in Q3 2021, indicating an increase of about 10.5%[16]. - The total operating profit for Q3 2022 was 767,852,290.26 RMB, compared to 708,370,636.50 RMB in Q3 2021, showing an increase of approximately 8.4%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 858,143,684.78, a decrease of 32.44% year-on-year[3]. - Cash inflow from operating activities for the first three quarters of 2022 was 7,564,277,494.19 RMB, down from 7,722,796,283.33 RMB in the same period of 2021, a decrease of about 2.0%[17]. - The net cash flow from operating activities for Q3 2022 was ¥858,143,684.78, a decrease of 32.4% compared to ¥1,270,211,769.39 in Q3 2021[19]. - Total cash outflow from operating activities amounted to ¥6,706,133,809.41, compared to ¥6,452,584,513.94 in the previous year, indicating an increase of 3.9%[19]. - Cash inflow from investment activities reached ¥994,578,347.10, significantly higher than ¥385,544,875.13 in Q3 2021, representing an increase of 158.5%[19]. - The net cash flow from investment activities was ¥371,159,235.11, a recovery from a negative cash flow of ¥1,117,828,295.05 in the same quarter last year[19]. - The net cash flow from financing activities was -¥495,511,644.88, compared to -¥455,734,967.87 in the previous year, indicating a slight increase in cash outflow[19]. - The ending balance of cash and cash equivalents was ¥6,731,560,961.82, up from ¥5,437,489,574.65 in Q3 2021, reflecting an increase of 23.7%[19]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 20,416,554,271.39, an increase of 8.75% from the end of the previous year[3]. - Current assets totaled ¥12,954,314,449.10 as of September 30, 2022, compared to ¥11,243,967,170.78 at the end of 2021, marking an increase of about 15.19%[11]. - The company's total liabilities as of September 30, 2022, were ¥8,664,840,483.63, compared to ¥7,664,257,231.46 in 2021, indicating an increase of about 13.06%[12]. - The total equity attributable to shareholders as of September 30, 2022, was ¥11,865,686,019.13, up from ¥11,221,560,023.75 in 2021, reflecting a growth of approximately 5.76%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,399[7]. - The largest shareholder, Sichuan Xinhua Publishing and Distribution Group Co., Ltd., held 55.40% of the shares[7]. Government and Other Income - The company received government subsidies amounting to RMB 3,895,794.55 during the reporting period[4]. - The company reported a significant increase in other income to 56,235,698.47 RMB in Q3 2022, compared to 46,013,549.15 RMB in Q3 2021, representing a growth of approximately 22.5%[15]. Expenses and Investments - Research and development expenses increased significantly to 6,649,769.55 RMB from 2,295,913.41 RMB, marking an increase of about 189.0%[15]. - The company reported a fair value loss of RMB 48,410,904.58 from trading financial assets during the reporting period[4]. - The investment income for Q3 2022 was 95,382,997.55 RMB, an increase from 62,312,203.74 RMB in Q3 2021, reflecting a growth of approximately 53.1%[15]. - The company recorded a tax expense of -19,735,222.57 RMB in Q3 2022, compared to -16,758,404.98 RMB in Q3 2021, indicating an increase in tax liabilities[15].

Financial Performance - Total operating revenue for Q3 2022 was RMB 2,351,693,942.61, a decrease of 1.88% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2022 was RMB 54,604,322.49, down 47.77% year-on-year[2]. - Basic earnings per share for Q3 2022 was RMB 0.04, reflecting a decrease of 47.77% compared to the same period last year[2]. - Total operating revenue for the nine months ended September 30, 2022, was RMB 7,331,498,953.53, an increase of 3.85% compared to RMB 7,058,417,420.20 for the same period in 2021[13]. - Net profit attributable to shareholders of the parent company for the nine months ended September 30, 2022, was RMB 772,399,371.25, compared to RMB 707,458,601.99 for the same period in 2021, representing a growth of 9.18%[14]. - The total comprehensive income attributable to shareholders of the parent company for the nine months ended September 30, 2022, was RMB 1,037,421,783.40, compared to RMB 787,047,145.11 in the same period of 2021, indicating a rise of 31.77%[14]. - Basic earnings per share for the nine months ended September 30, 2022, was RMB 0.63, up from RMB 0.57 in the same period of 2021[14]. Cash Flow and Expenses - Net cash flow from operating activities for the first nine months of 2022 was RMB 858,143,684.78, a decline of 32.44% year-on-year[2]. - The company reported a net cash flow from operating activities of RMB 858,143,684.78 for the nine months ended September 30, 2022, down from RMB 1,270,211,769.39 in the previous year[15]. - Cash flow from investment activities generated a net inflow of RMB 371,159,235.11 for the nine months ended September 30, 2022, compared to a net outflow of RMB (1,117,828,295.05) in the previous year[15]. - The company’s financial expenses increased to RMB (108,356,694.05) from RMB (55,495,908.72), reflecting a year-over-year increase of 95.00%[13]. - Research and development expenses increased significantly to RMB 6,649,769.55 from RMB 2,295,913.41, marking an increase of 189.00% year-over-year[13]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to RMB 20,416,554,271.39, an increase of 8.75% from the end of the previous year[2]. - The total non-current assets were RMB 7,462,239,822.29, leading to a total asset value of RMB 20,416,554,271.39, compared to RMB 18,773,945,790.88 in the previous year, indicating an increase of about 8.8%[9][12]. - As of September 30, 2022, the total current assets amounted to RMB 12,954,314,449.10, an increase from RMB 11,243,967,170.78 as of December 31, 2021, representing a growth of approximately 15.2%[9]. - Current liabilities totaled RMB 8,307,749,797.68, up from RMB 7,340,643,701.84, reflecting an increase of approximately 13.2%[10]. - The total liabilities reached RMB 8,664,840,483.63, compared to RMB 7,664,257,231.46, marking a rise of around 13.0%[11]. - The cash and cash equivalents stood at RMB 6,770,508,353.76, an increase from RMB 6,040,029,278.72, which is a growth of about 12.1%[9]. - The inventory value increased to RMB 3,072,695,256.48 from RMB 2,742,158,426.84, representing a rise of approximately 12.1%[9]. - The company reported a significant increase in accounts payable, which rose to RMB 6,000,561,826.10 from RMB 5,406,581,179.99, indicating an increase of about 10.9%[10]. - The company’s long-term equity investments were valued at RMB 750,865,915.08, slightly down from RMB 754,803,876.08, showing a decrease of approximately 0.5%[9]. - The total equity attributable to shareholders was RMB 11,751,713,787.76, compared to RMB 11,109,688,559.42, reflecting an increase of about 5.8%[12]. Shareholder Information - The total number of ordinary shareholders as of September 30, 2022, was 21,399[5]. - The largest shareholder, Sichuan Xinhua Publishing Group Co., Ltd., held 55.40% of the shares[6]. Market and Operational Challenges - The company reported a significant loss in net cash flow from operating activities due to delayed government procurement payments for educational materials[5]. - Non-operating income and expenses for Q3 2022 included a loss of RMB 52,628,928.72, primarily due to fluctuations in the stock market[4].

Financial Performance - The company achieved a revenue of RMB 4.98 billion in the first half of 2022, representing a year-on-year growth of 6.83%[18]. - Net profit for the period was RMB 715 million, an increase of 19.19% compared to the previous year, driven by sales growth and increased interest income[18]. - Operating costs rose to RMB 3.08 billion, a 12.00% increase from RMB 2.75 billion in the same period last year[20]. - The overall gross margin decreased to 38.08%, down 2.86 percentage points from 40.94% in the previous year[21]. - The publishing segment generated revenue of RMB 1.10 billion, a decline of 7.32% year-on-year, with a gross margin of 34.55%[26]. - The education services segment reported revenue of RMB 2.87 billion, with a gross margin of 39.90%, reflecting an 8.82% increase in revenue[25]. - Online sales increased by 11.30%, contributing to the overall growth despite declines in physical store sales[25]. - The company reported a total comprehensive income of RMB 1,036,594,344.41 for the first half of 2022, compared to RMB 753,741,900.95 in the previous year, marking a growth of 37.5%[90]. - The company reported a significant increase in investment income, totaling RMB 203,241,636.06, compared to RMB 38,664,196.10 in the same period last year[91]. Risk Management - The company reported no significant risks that could materially affect its operations during the period[13]. - The management has detailed potential risk factors in the "Management Discussion and Analysis" section of the report[13]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a substantive commitment to investors[13]. - The company faces increased market risks and operational pressures due to intensified competition from emerging internet companies and changes in consumer expectations caused by the COVID-19 pandemic[60]. Corporate Governance - The company has adopted and complied with all applicable principles and code provisions of the Corporate Governance Code during the reporting period[80]. - The company established an audit committee in accordance with the Listing Rules, which reviewed the interim report and confirmed compliance with applicable accounting standards[82]. - There were changes in the board of directors, with new appointments effective from January 24, 2022, including Mr. Luo Yong as chairman and Mr. Liu Longzhang as vice chairman[75]. - The company’s management team saw changes, with Mr. Li Qiang appointed as general manager and other key positions filled on January 24, 2022[77]. Cash Flow and Liquidity - Net cash inflow from operating activities was RMB 421 million, a decrease of 10.70% compared to RMB 471 million in the previous year[47]. - As of June 30, 2022, the company held cash and short-term deposits of approximately RMB 6.347 billion, an increase from RMB 6.040 billion at the end of 2021[50]. - The company's debt-to-asset ratio decreased to 37.72%, down 3.10 percentage points from 40.82% at the end of 2021[50]. - The current ratio improved to 1.7, compared to 1.5 in the same period last year[53]. - The cash inflow from operating activities for the first half of 2022 was RMB 3,220,989,967.61, an increase of 11.8% compared to RMB 2,881,458,532.79 in the same period last year[94]. Investment and Capital Expenditure - The company has invested RMB 200.25 million in the education cloud service platform project, exceeding the committed investment amount of RMB 200 million[62]. - The company allocated RMB 10.38 million to the western logistics network construction project, with a cumulative investment of RMB 295.82 million against a commitment of RMB 300 million[62]. - The company plans to enhance its technological innovation mechanisms and improve its digital and intelligent capabilities to adapt to the evolving publishing industry[60]. Employee and Workforce - As of June 30, 2022, the company had a total of 7,480 employees, a decrease of 1 from the end of 2021[58]. - The company contributed a total of RMB 9,218.40 million to employee retirement and corporate annuity plans, an increase of RMB 546.47 million compared to the same period last year[58]. Revenue Recognition - The company recognizes revenue when control of goods or services is transferred to the customer, based on the transaction price allocated to the performance obligation[195]. - For performance obligations fulfilled over time, the company uses the output method to determine progress based on the value of goods or services transferred to the customer[195]. - The company recognizes contract liabilities for reward points until they are redeemed[198]. Financial Reporting and Compliance - The financial report for the period has not been audited, ensuring transparency in financial disclosures[13]. - The company has maintained a consistent accounting policy based on the Chinese Accounting Standards, ensuring transparency in financial reporting[107]. - The financial statements are prepared on a going concern basis, with no significant doubts regarding the company's ability to continue operations for the next 12 months[107]. - The company’s financial reporting adheres to the requirements of the Hong Kong Stock Exchange, ensuring compliance with international standards[109].