证券代码：600052 证券简称：东望时代 公告编号：临 2023-012 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 浙江东望时代科技股份有限公司 关于召开 2022 年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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 5 日 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadsho w.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 25 日至 2023 年 5 月 4 日 16:00 前登录上证路演 中心网站首页点击"提问预征集"栏目或通过公司邮箱进行提问。公司将在说明 会上对投资者普遍关注的问题进行回答。 浙江东望时代科技股份有限公司（以下简称"公司"）将于 2023 年 4 月 28 日发布公司《2022 年年度报告 ...

证券代码：600052 证券简称：东望时代 浙江东望时代科技股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 2022 年第三季度报告 单位：元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期 末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 19,624,616.15 -37.15 99,247,895.85 73.67 归属于上市公司股东的 净利润 38,074,876.35 -2.07 21,829,071.31 7.59 归属于上市公司股东的 扣除非经常性损益的净 利润 5,422,507.52 -92.64 7,200,434.44 -89.73 经营活动产 ...

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥79,623,279.70, representing a 207.15% increase compared to ¥25,923,612.61 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥16,245,805.04, an improvement from -¥18,591,769.40 in the previous year[18]. - The net cash flow from operating activities was ¥79,047,305.50, a significant recovery from -¥251,656,585.41 in the same period last year[19]. - The total assets decreased by 3.28% to ¥3,515,712,896.31 from ¥3,635,116,599.27 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 2.69% to ¥3,250,237,753.87 from ¥3,339,916,156.32 at the end of the previous year[19]. - The basic earnings per share for the first half of 2022 was -¥0.02, unchanged from the same period last year[20]. - The diluted earnings per share also remained at -¥0.02, consistent with the previous year[20]. - The weighted average return on net assets improved by 0.06 percentage points to -0.49% from -0.55% in the previous year[20]. - The company reported a net profit of ¥1,777,926.92 after deducting non-recurring gains and losses, compared to -¥3,629,747.41 in the same period last year[18]. Operational Developments - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The company plans to expand its core business in the energy-saving service industry, focusing on new energy technology applications and aims to acquire 100% equity of Huixian Youshe to strengthen its market position[29]. - The company has established long-term partnerships with over 22 projects in various provinces, serving approximately 1 million students[29]. - Research and development expenses increased to RMB 2,640,200.86, up 180.35% from RMB 941,750.37, indicating a commitment to innovation[31]. - The company reported a net cash flow from operating activities increase due to the acquisition of Zhenglan Energy and an increase in park life service revenue[33]. Financial Position - The company’s total assets decreased from CNY 730,048,555.42 to CNY 654,775,358.76, reflecting a reduction of CNY 75,273,196.66[41]. - The company’s leasing liabilities decreased by 42.02% to CNY 21,107,226.73 from CNY 36,405,967.38 in the previous period[36]. - The company’s prepayments increased by 115.66% to CNY 5,534,469.30, attributed to prepayments for project materials and operational materials[35]. - The company’s financial expenses increased due to the acquisition of Zhenglan Energy, with increased interest expenses from leasing liabilities and decreased interest income from reduced bank deposits[33]. - The company’s net profit was negatively impacted by a fair value change of its stake in Zheshang Bank, resulting in a loss of CNY 22,027,901.67[34]. Shareholder and Equity Information - The company repurchased 16,310,149 A shares, accounting for 1.93% of the total share capital, with a total expenditure of RMB 73,407,000 (including transaction fees)[30]. - The company has high guarantee balances for Guangsha Holdings, which may lead to potential liabilities affecting profits[48]. - The company has committed to ensuring the independence of its management personnel, including the general manager and financial officers, who will not hold positions in other controlled enterprises[60]. - The company guarantees the independence and integrity of its assets, ensuring that all assets are under its control and not used to secure debts of other enterprises[60]. - The company has established an independent financial department and accounting system, allowing for independent financial decision-making and tax compliance[60]. Compliance and Regulatory Matters - The company has committed to maintaining compliance with regulatory standards, ensuring no legal issues in the past two years[73]. - The company has confirmed that all provided documents and materials are true, legal, and valid[71]. - The company will ensure timely disclosure of information related to the restructuring in compliance with relevant regulations[82]. - The company has pledged to bear all responsibilities and compensate for any direct or indirect losses caused by violations of the commitments[70]. - The company has committed to ensuring that no third-party rights are set on the targeted assets before the completion of the transaction[109]. Future Outlook and Strategic Initiatives - The company provided a future outlook, projecting a revenue growth of 10% for the next quarter, aiming for 1.65 billion[73]. - New product launches are expected to contribute an additional 200 million in revenue by the end of the year[73]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[73]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 50% over the next year[73]. - The company has committed to sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[90].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 25,641,167.91, representing a significant increase of 650.28% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY -25,565,351.97, which is not applicable due to the significant loss[4]. - The basic and diluted earnings per share were both CNY -0.03, reflecting a substantial decline in profitability[4]. - Total operating revenue for Q1 2022 reached ¥25,641,167.91, a significant increase of 650.1% compared to ¥3,417,556.42 in Q1 2021[18]. - The net loss for Q1 2022 was ¥25,372,254.71, worsening from a net loss of ¥2,772,974.73 in Q1 2021[19]. - The basic and diluted earnings per share for Q1 2022 were both -¥0.03, compared to -¥0.003 in Q1 2021[19]. Cash Flow - The net cash flow from operating activities was CNY 44,228,007.75, indicating a positive cash flow situation[4]. - Operating cash flow for Q1 2022 was positive at ¥44,228,007.75, a turnaround from a negative cash flow of ¥246,116,138.72 in Q1 2021[21]. - The company generated cash inflows from operating activities totaling ¥82,536,953.11 in Q1 2022, compared to ¥45,216,092.26 in Q1 2021[21]. - The net cash flow from financing activities in Q1 2022 was ¥54,832,698.38, compared to ¥49,705,523.90 in Q1 2021[22]. - Cash and cash equivalents at the end of Q1 2022 totaled ¥1,357,665,104.74, up from ¥109,677,453.83 at the end of Q1 2021[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,581,692,529.03, a decrease of 1.47% from the previous year[4]. - As of March 31, 2022, the total assets of the company amounted to ¥3,581,692,529.03, a decrease from ¥3,635,116,599.27 as of December 31, 2021, representing a decline of approximately 1.5%[14]. - The company's total current assets were ¥1,905,510,877.19, slightly down from ¥1,925,606,115.26 at the end of 2021, indicating a decrease of about 1.1%[14]. - The total non-current assets were reported at ¥1,676,181,651.84, down from ¥1,709,510,484.01, reflecting a decrease of approximately 1.9%[15]. - The total liabilities of the company were ¥209,662,689.76, a decrease from ¥237,714,505.29, showing a reduction of about 11.8%[16]. - The total equity attributable to shareholders was ¥3,314,350,804.35, down from ¥3,339,916,156.32, indicating a decrease of approximately 0.8%[16]. Operational Issues - The company reported a significant increase in revenue due to the acquisition of Zhejiang Zhenglan Energy Technology Co., Ltd., which expanded the scope of consolidation[5]. - The company has provided guarantees for debts totaling CNY 34,792.14 million, which have already expired[11]. - The company is facing overdue financing issues totaling CNY 178.8 million across multiple banks, which may impact future operations[11]. Other Financial Metrics - The weighted average return on net assets was -0.77%, a decrease of 0.69 percentage points from the previous year[4]. - Cash and cash equivalents stood at ¥1,654,593,969.19, compared to ¥1,632,211,948.72 at the end of 2021, marking an increase of about 1.4%[14]. - Accounts receivable increased to ¥66,899,597.37 from ¥42,032,890.30, representing a significant rise of approximately 59.0%[14]. - The company reported inventory of ¥22,485,311.39, a slight increase from ¥22,186,006.30, reflecting an increase of about 1.4%[15]. - The company's short-term borrowings remained stable at ¥15,022,208.33, compared to ¥15,026,097.22 at the end of 2021[15]. - The company’s retained earnings were reported at ¥1,998,472,196.56, down from ¥2,024,037,548.53, indicating a decrease of approximately 1.3%[16]. - Total operating costs amounted to ¥29,638,791.99, compared to a negative cost of ¥854,088.81 in the same period last year[18]. - Research and development expenses for Q1 2022 were ¥688,985.62, slightly up from ¥663,892.62 in Q1 2021[18]. - The company reported an investment income of ¥647,449.39 in Q1 2022, compared to a loss of ¥369,977.48 in Q1 2021[18].

Financial Performance - In 2021, the company achieved a revenue of ¥233,458,452.73, representing a 25.22% increase compared to ¥186,440,120.09 in 2020[19] - The net profit attributable to shareholders was -¥40,002,103.62, an improvement from -¥46,833,706.10 in the previous year[19] - The net cash flow from operating activities was -¥183,497,405.98, a significant decline from -¥21,136,018.56 in 2020[19] - The total assets decreased by 5.85% to ¥3,635,116,599.27 at the end of 2021, down from ¥3,861,041,583.77 in 2020[19] - The net assets attributable to shareholders were ¥3,339,916,156.32, a slight decrease of 1.19% from ¥3,379,970,806.34 in 2020[19] - The company reported a net profit excluding non-recurring gains and losses of ¥14,491,540.70, a decrease of 66.38% from ¥43,099,153.78 in 2020[19] - Basic earnings per share for 2021 was -0.05 CNY, unchanged from 2020, and down from 1.41 CNY in 2019[20] - Diluted earnings per share for 2021 was -0.05 CNY, unchanged from 2020, and down from 1.41 CNY in 2019[20] - The company incurred a net profit attributable to the parent company of CNY -40 million, primarily due to fair value changes from Zhejiang Commercial Bank[42] - The company's operating costs increased by 38.07% to CNY 178.85 million, attributed to a decline in gross profit from film and television subsidiaries and the acquisition of Zhenglan Energy[44] Strategic Acquisitions and Business Focus - The company acquired Zhenglan Energy, a provider of energy-saving hot water supply services, to enhance its core competitiveness and profitability[30] - The company aims to transform into a listed company focused on energy-saving technology and new energy applications through strategic acquisitions and development[30] - The company plans to acquire 50.54% of Zhejiang Zhenglan Energy Technology Co., Ltd., which was approved by the shareholders' meeting[54] - The company has strategically exited the real estate sector to focus on energy-saving services, marking a significant shift in its business model[40] - The company plans to continue its transformation strategy, focusing on energy-saving technology services through both organic growth and acquisitions[40] Governance and Compliance - The company has established a governance structure that complies with legal requirements, holding 8 shareholder meetings during the reporting period, ensuring equal rights for all shareholders[81] - The board of directors has undergone a re-election after a change in controlling shareholder, now consisting of 9 members, including 3 independent directors with expertise in finance, law, and accounting[82] - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, aiming for a more scientific and effective assessment system[83] - The company adheres to strict information disclosure practices, ensuring timely and accurate reporting in compliance with regulations[83] - The company has established specialized committees within the board, including a strategy committee and an audit committee, to enhance governance and oversight[82] Risks and Challenges - The company has acknowledged potential risks in its future development plans, advising investors to be cautious[5] - The company is currently facing industry risks due to a decline in overall purchase prices in the television market and increasing competition, leading to potential revenue and profit fluctuations[76] - The strategic transformation of the company involves exploring new industries, but the uncertainty during this transition may impact revenue and profitability[76] - The company is exposed to potential risks related to guarantees provided for GuoXia Holdings, which may negatively impact profits if related legal cases or operational conditions do not meet expectations[77] Legal and Litigation Matters - The company faced significant litigation issues during the reporting period, including a case involving a debt dispute with China Industrial Bank, which was settled on July 26, 2021[144] - A total of 24 million RMB was involved in a judgment related to a loan dispute, with the company required to return the principal and accrued interest[147] - The company has ongoing litigation related to debts owed to Shaoxing Bank, with a court hearing scheduled for March 21, 2022[146] - The company has been involved in multiple lawsuits, with significant amounts at stake, including a case where the total claim was approximately 3,860.74 million RMB[147] Shareholder and Management Changes - The company underwent a change in controlling shareholder, with 21.805 million unrestricted circulating shares transferred to Dongke Digital on July 12, 2021[95] - The company held its second extraordinary general meeting on July 28, 2021, approving the early re-election of the tenth board of directors and the tenth supervisory board[96] - The company appointed a new management team during the first meeting of the eleventh board of directors on the same day[96] - The company has seen changes in its board and supervisory personnel, with several resignations and new appointments in 2021[97] Future Outlook and Growth Strategies - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[93] - The company is focused on achieving its annual operational goals while ensuring sustainable development and compliance with regulatory requirements[75] - The company plans to enhance its digital transformation efforts to improve customer experience and operational efficiency[94] - The company is exploring partnerships to leverage synergies and expand its service offerings[94] Financial Management and Investments - The company has confirmed that there are no major investment plans or cash expenditures expected in the next twelve months[120] - The company has a clear and transparent dividend standard and ratio, ensuring compliance with its articles of association and shareholder resolutions[121] - The company has established an internal control system, with no significant deficiencies reported during the evaluation period[122] - The company has a total of CNY 1,480.00 million in joint liability guarantees for Guangsha Construction, which is a related party[158] Employee and Talent Management - The company has a competitive compensation policy aimed at attracting and retaining talent while ensuring fairness in remuneration[116] - The company has implemented a training program that is tailored to the strategic planning and diverse training needs of employees[117] - The total number of employees in the parent company is 23, while the main subsidiaries have 198 employees, resulting in a total of 221 employees[115]

Financial Performance - The company's operating revenue for Q3 2021 was ¥31,223,415.01, a decrease of 80.12% compared to the same period last year[5] - Net profit attributable to shareholders was ¥38,880,483.92, down 59.57% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥73,714,919.66, an increase of 16.19% compared to the same period last year[5] - Basic earnings per share were ¥0.04, a decrease of 63.64% year-on-year[5] - Total operating revenue for the first three quarters of 2021 was CNY 57,147,027.62, a decrease from CNY 176,697,467.45 in the same period of 2020, representing a decline of approximately 67.7%[22] - Net profit for the first three quarters of 2021 was CNY 22,885,358.70, compared to a net profit of CNY 11,257,285.23 in the same period of 2020, showing an increase of approximately 103.1%[23] - Basic earnings per share for the first three quarters of 2021 were CNY 0.02, up from CNY 0.01 in the same period of 2020[24] - The company recorded a total profit of CNY -46,161,083.34 for the first three quarters of 2021, compared to CNY -3,211,201.72 in 2020, reflecting a significant increase in losses[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,708,250,902.64, a decrease of 3.96% from the end of the previous year[6] - As of September 30, 2021, the company's total assets amounted to CNY 3,708,250,902.64, a decrease from CNY 3,861,041,583.77 at the end of 2020[16] - The company's cash and cash equivalents were CNY 1,883,665,365.54, down from CNY 2,242,523,617.61 at the end of 2020, representing a decline of approximately 16.06%[16] - The total liabilities decreased to CNY 258,631,277.25 from CNY 481,070,777.43, indicating a reduction of about 46.2%[18] - The company reported a total current liabilities of CNY 112,829,886.21, a decrease from CNY 368,801,167.24, indicating a reduction of approximately 69.5%[17] - The total assets as of Q3 2021 were 3,861,041,583.77 RMB, showing a slight increase of 5,899,221.56 RMB compared to the previous period[32] - The total liabilities increased to 481,070,777.43 RMB, reflecting a rise of 6,035,143.08 RMB from the previous reporting period[33] - The company's total equity stood at 3,379,970,806.34 RMB, with a minor decrease of 135,921.52 RMB compared to the previous period[33] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥218,291,271.23, significantly lower than the previous year's -¥24,483,725.54[9] - The company reported a net cash outflow from operating activities of CNY -218,291,271.23 for the first three quarters of 2021, worsening from CNY -24,483,725.54 in 2020[27] - Cash inflow from operating activities totaled CNY 196,735,416.72, while cash outflow was CNY 415,026,687.95, leading to a significant cash flow deficit[27] - In Q3 2021, the company reported a net cash flow from investing activities of -130,248,046.42 RMB, compared to a positive cash flow of 320,515,189.41 RMB in the same period last year[28] - The company generated a net cash flow from financing activities of 998,928,206.57 RMB, significantly higher than the negative cash flow of -353,606,763.56 RMB recorded in the same quarter last year[28] Investments and Acquisitions - The company completed the acquisition of 50.54% of Zhejiang Zhenglan Energy-saving Technology Co., Ltd., which was approved by the shareholders' meeting and relevant authorities[15] - The company’s long-term equity investments were valued at CNY 681,112,853.16, slightly down from CNY 683,997,072.84[16] - The company’s long-term equity investments remained stable at 683,997,072.84 RMB, with no significant changes reported[31] - The company’s investment losses from associates and joint ventures amounted to CNY -2,884,219.68 in the first three quarters of 2021, a decline from a profit of CNY 11,635,283.52 in 2020[22] Shareholder Information - The top ten shareholders held a total of 28.98% and 12.82% of shares, with the largest shareholder being Dongyang Dongke Digital Technology Co., Ltd.[12] Other Financial Metrics - The weighted average return on equity was 1.15%, a decrease of 1.56 percentage points compared to the previous year[5] - The company reported a significant increase in other receivables, which rose to CNY 65,339,075.83 from CNY 45,181,468.39, marking an increase of approximately 44.7%[16] - The company’s goodwill as of September 30, 2021, was CNY 129,075,460.59, an increase from CNY 20,669,429.24[17] - The company reported a financial expense of CNY -28,084,637.92 in the first three quarters of 2021, compared to CNY -16,849,811.44 in 2020, indicating an increase in financial costs[22]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 25,923,612.61, representing a 32.07% increase compared to CNY 19,628,542.23 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -CNY 18,591,769.40, an improvement from -CNY 84,918,999.92 in the previous year[20]. - The basic earnings per share for the first half of 2021 was -CNY 0.02, an improvement from -CNY 0.10 in the same period last year[21]. - The weighted average return on net assets was -0.55%, an increase of 1.84 percentage points from -2.39% in the previous year[21]. - The company reported a total operating profit of -20,513,220.63 RMB for the first half of 2021, an improvement from -109,991,576.42 RMB in the same period of 2020[110]. - The company’s total comprehensive income for the first half of 2021 was -16,565,664.20 RMB, compared to -81,921,250.87 RMB in the same period of 2020, showing a positive trend[110]. Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 251,656,585.41, compared to -CNY 26,497,542.90 in the same period last year[20]. - The company’s cash flow from operating activities was significantly impacted by a tax payment of 271,452,457.94 RMB in the first half of 2021, compared to 41,045,590.32 RMB in the same period of 2020[112]. - Total cash inflow from financing activities amounted to ¥655,232,168.60, while cash outflow was ¥236,907,757.39, resulting in a net cash flow from financing activities of ¥418,324,411.21[116]. - The company generated 98,379,229.68 RMB in cash from sales of goods and services in the first half of 2021, compared to 67,737,500.80 RMB in the same period of 2020[112]. - The company’s total liabilities decreased from ¥903,095,652.17 to ¥614,199,493.32, a reduction of approximately 31.9%[103]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,552,868,905.89, a decrease of 7.98% from CNY 3,861,041,583.77 at the end of the previous year[20]. - The total liabilities decreased to ¥191,625,790.47 from ¥481,070,777.43, a decline of approximately 60%[99]. - The company’s total liabilities and equity at the end of the period were not disclosed in the provided documents[119]. - The total current liabilities decreased to ¥81,450,593.40 from ¥368,801,167.24, a reduction of about 78%[98]. Investments and Capital Structure - The company made equity investments totaling CNY 5 million in the cultural industry company, reflecting a 66.67% increase compared to the beginning of the period[41]. - The company plans to acquire 50.54% of Zhejiang Zhenglan Energy Technology Co., Ltd., with the acquisition agreement effective from August 27, 2021[80]. - The company has a registered capital of CNY 844,194,741.00 and a total of 844,194,741 shares outstanding[134]. - The largest shareholder, Guangsha Holdings Group Co., Ltd., holds 326,300,000 shares, accounting for 38.65% of total shares, with 324,600,000 shares pledged[87]. Operational Changes and Strategy - The company is actively transitioning away from the real estate sector, having completed a planned exit from major real estate operations[28]. - The company has outlined potential risks in its operations, which are detailed in the report[11]. - The company plans to continue focusing on high-quality content development and enhance its operational capabilities in individual projects[27]. - The company is exploring new industries and businesses to align with its strategic transformation goals, but faces uncertainties due to macroeconomic factors[45]. Governance and Compliance - The company confirmed that it and its subsidiaries are not classified as key pollutant discharge units and complied with environmental protection laws without any penalties during the reporting period[59]. - The company has established independent financial and operational structures to ensure its business operations are distinct from those of its controlling shareholders and other enterprises[62]. - The company underwent a board and supervisory committee restructuring on July 28, 2021, following the transfer of 218.05 million unrestricted circulating shares from the original controlling shareholder to Dongke Digital[53]. - The company did not propose any profit distribution or capital reserve transfer plan for the first half of 2021, with no dividends or bonus shares declared[55]. Risks and Litigation - The company faces risks related to industry volatility, operational challenges during strategic transformation, and potential goodwill impairment due to market conditions[45][47]. - The company is involved in significant litigation related to guarantees, including a case with China Industrial Bank due to delayed debt repayment[67]. - The company has ongoing litigation with Xiamen International Bank regarding debt disputes, with a court ruling made on March 31, 2021[67]. - The company has received a non-standard audit opinion due to significant external guarantees and related litigation risks[66]. Accounting Policies and Financial Reporting - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[139]. - The financial statements have been prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations for the next 12 months[138]. - The company did not report any significant changes in accounting policies or prior period error corrections during the first half of 2021[125]. - Financial assets are classified into three categories upon initial recognition: (1) measured at amortized cost; (2) measured at fair value with changes recognized in other comprehensive income; (3) measured at fair value with changes recognized in profit or loss[149].

Financial Performance - Operating revenue increased by 140.48% to CNY 3,417,556.42 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 2,772,974.73, compared to a loss of CNY 70,359,451.69 in the same period last year[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 1,684,528.59, a decrease of 79.50% compared to the same period last year[6] - Basic and diluted earnings per share were both -0.003 CNY, compared to -0.08 CNY in the same period last year[6] - The company recorded an operating profit of ¥3,150,715.15 in Q1 2021, a turnaround from an operating loss of -¥95,685,382.59 in Q1 2020[28] - The total comprehensive income for Q1 2021 was -¥2,772,974.73, an improvement from -¥70,359,451.69 in Q1 2020[29] - The company’s total profit for Q1 2021 was -¥430,828.70, compared to -¥95,685,382.59 in Q1 2020, showing a significant reduction in total losses[28] Cash Flow - Net cash flow from operating activities was a negative CNY 246,116,138.72, compared to a negative CNY 26,832,703.57 in the same period last year[6] - The company reported a net cash outflow from operating activities of CNY -246,116,138.72, primarily due to higher tax payments during the period[12] - In Q1 2021, the company reported cash inflows from operating activities of CNY 45,216,092.26, a significant increase from CNY 27,981,932.93 in Q1 2020, representing a growth of approximately 61.5%[35] - The net cash flow from financing activities was CNY 49,705,523.90, a recovery from a net outflow of CNY -273,186,325.84 in Q1 2020[36] - The company’s net cash increase from financing activities was CNY 30,000,000.00, contrasting with a net outflow of CNY -273,186,325.84 in the same quarter last year[38] Assets and Liabilities - Total assets decreased by 5.78% to CNY 3,637,735,285.14 compared to the end of the previous year[6] - Total liabilities decreased from CNY 481,070,777.43 to CNY 260,673,375.05, indicating a reduction of about 45.8%[21] - Current liabilities totaled CNY 145,583,694.97, down from CNY 368,801,167.24, reflecting a decrease of approximately 60.6%[20] - Non-current liabilities amounted to CNY 115,089,680.08, slightly increasing from CNY 112,269,610.19, showing a growth of about 2.5%[21] - Shareholders' equity totaled CNY 3,377,061,910.09, a slight decrease from CNY 3,379,970,806.34, indicating a change of approximately -0.1%[21] - The company’s total current assets decreased to CNY 2,289,497,551.38 from CNY 2,516,454,933.19 in the previous period[19] Shareholder Information - The number of shareholders reached 48,927 at the end of the reporting period[9] - The largest shareholder, Guangsha Holding Group Co., Ltd., holds 38.65% of the shares, with 326,300,000 shares pledged[9] Operating Costs and Expenses - The company's operating costs rose by 133.32% to CNY 1,561,671.79, reflecting the corresponding increase in costs associated with the rise in tourism service income[11] - Research and development expenses rose by 90.64% to CNY 663,892.62, driven by increased R&D service costs incurred by subsidiaries[11] - The company’s financial expenses were CNY -10,404,662.36, reflecting interest settlements and accrued interest on bank deposits[11] - Financial expenses showed a significant increase, with a net expense of -¥10,404,662.36 in Q1 2021 compared to -¥5,393,041.65 in Q1 2020[28] Investment Activities - The company’s investment income decreased by 103.67% to CNY -369,977.48, mainly due to changes in the net profits of invested enterprises[12] - The company reported investment losses of -¥369,977.48 in Q1 2021, a decline from investment gains of ¥10,089,182.65 in Q1 2020[28]

Financial Performance - In 2020, the company reported a net profit attributable to shareholders of -46,833,706.10 yuan, a decrease of 103.82% compared to the previous year's profit of 1,225,185,351.41 yuan [5]. - The company's operating income for 2020 was 186,440,120.09 yuan, representing an increase of 83.83% from 101,418,095.50 yuan in 2019 [21]. - The net cash flow from operating activities was -21,136,018.56 yuan, a decline of 102.37% compared to 893,248,360.75 yuan in 2019 [21]. - The company's net profit attributable to the parent company was approximately -CNY 47 million, a decline of 103.82% year-on-year, primarily due to fair value changes of Zheshang Bank and significant investment income recognized in the previous period [40]. - The company reported a negative net profit ratio of -204.93% for 2020, despite having a positive profit available for distribution to ordinary shareholders [78]. - The total comprehensive income for 2020 was CNY -46,833,706.10, a stark contrast to CNY 1,225,185,351.41 in 2019, indicating a major downturn [192]. Assets and Liabilities - The total assets decreased by 6.50% to 3,861,041,583.77 yuan at the end of 2020, down from 4,129,305,045.06 yuan in 2019 [21]. - The company's net assets attributable to shareholders decreased by 6.25% to 3,379,970,806.34 yuan at the end of 2020, compared to 3,605,470,461.85 yuan in 2019 [21]. - Total liabilities decreased from CNY 523,834,583.21 in 2019 to CNY 481,070,777.43 in 2020, a reduction of approximately 8.2% [186]. - The company's total assets decreased from CNY 4,480,258,714.58 in 2019 to CNY 4,188,903,583.46 in 2020, a decline of approximately 6.5% [190]. - The debt balance for pledged certificates of deposit was RMB 193,090.00 million, constituting 94.11% and 57.13% of consolidated equity [173]. Revenue and Costs - Operating costs surged by 430.81% year-on-year to approximately CNY 129.54 million, mainly due to the cost recognition of the TV series "Love at First Sight" [40]. - The total operating revenue for 2020 was CNY 186,440,120.09, a significant increase from CNY 101,418,095.50 in 2019, representing an increase of approximately 83.8% [191]. - Total operating costs decreased to CNY 140,308,702.66 in 2020 from CNY 151,369,459.02 in 2019, a reduction of about 7.3% [191]. Shareholder Actions - The company plans not to distribute cash dividends for 2020 to maintain a healthy financial status and cash flow [5]. - In 2020, the company repurchased shares using self-owned funds amounting to RMB 95,975,338.48, which is considered as cash dividends for the year [75]. - The cash dividend per share for 2019 was RMB 0.09727, with a total cash dividend amount of RMB 86,738,293.34 [77]. - The company’s cash dividends accounted for 100% of the repurchased shares in 2020 [79]. Strategic Direction - The company aims to transition from real estate to the cultural and media sector, having exited major real estate operations by 2018 [34]. - The company’s strategy focuses on the film and television industry, with plans for external expansion and resource integration to enhance competitiveness [31]. - The company plans to leverage the integration of online and offline media to adapt to industry changes accelerated by the pandemic [37]. - The company plans to focus on dual-track development in education and film, seeking market opportunities for investment and asset optimization in the cultural sector [68]. Risks and Challenges - The company has detailed the potential risks it may face in its future development in the report [7]. - The company has faced industry risks due to macroeconomic downturns and regulatory changes, leading to a decline in overall purchase prices in the television market and increased competition [70]. - The company has recognized goodwill impairment risks related to its acquisition of Guangsha Media, as the overall industry is experiencing increased volatility and declining cash flow [70]. Governance and Compliance - The company has received a non-standard audit report, emphasizing the need for stakeholders to pay attention to the financial statements due to significant external guarantees [84]. - The company appointed Tianjian Accounting Firm (Special General Partnership) as the auditor for the 2020 financial report, with an audit fee of 1 million RMB [93]. - The company has not faced any risks of suspension or termination of listing during the reporting period [94]. - The company has not disclosed any significant deficiencies in internal controls during the reporting period [163]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% [142]. - New product launches are expected to contribute an additional 300 million in revenue in the upcoming year [142]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million [142]. - The company plans to increase its workforce by 15% to support growth initiatives and new projects [145].

Financial Performance - Net profit attributable to shareholders dropped by 99.06% to CNY 11,257,285.23 for the first nine months of the year[7] - Operating revenue increased by 118.75% to CNY 176,697,467.45 for the first nine months compared to the same period last year[7] - Basic earnings per share fell by 99.28% to CNY 0.01[7] - The company experienced a significant decline in net profit due to a loss from the fair value changes of financial assets, amounting to CNY -80,174,999.52[9] - The company recorded a 96.72% decrease in investment income, down to CNY 48,185,537.62 from CNY 1,468,235,702.73, due to significant gains from the previous year’s subsidiary equity transfer[14] - The total operating revenue for the first three quarters of 2020 was ¥176,697,467.45, compared to ¥80,774,445.88 in the same period of 2019, representing a growth of approximately 118.5%[24] - The total profit for the first three quarters of 2020 was ¥1,202,542,457.94, compared to a loss of ¥11,257,285.23 in the same period of 2019[25] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -24,483,725.54 for the first nine months[7] - The net cash flow from operating activities for the first nine months of 2020 was -CNY 24,483,725.54, a significant decline from CNY 879,981,540.52 in the same period of 2019[33] - The total cash inflow from investment activities in the first nine months of 2020 was CNY 329,425,600.69, compared to CNY 3,213,690.64 in the previous year[33] - The total cash inflow from investment activities was 956,123,656.03 RMB, while cash outflow was 683,436,411.28 RMB, resulting in a net cash flow of 272,687,244.75 RMB for the first three quarters of 2020[34] - The company reported an increase in cash received from investment income to 19,836,211.68 RMB, down from 30,000,000.00 RMB in the previous year[34] Assets and Liabilities - Total assets decreased by 5.25% to CNY 3,912,585,811.84 compared to the end of the previous year[7] - Total liabilities decreased from CNY 523,834,583.21 in 2019 to CNY 474,524,014.17 in Q3 2020, reflecting a decline of about 9.4%[19] - Shareholders' equity decreased from CNY 3,605,470,461.85 in 2019 to CNY 3,438,061,797.67 in Q3 2020, a decrease of approximately 4.6%[19] - Current liabilities decreased from CNY 391,916,144.25 in 2019 to CNY 362,649,325.09 in Q3 2020, a reduction of about 7.5%[18] - Non-current liabilities decreased from CNY 131,918,438.96 in 2019 to CNY 111,874,689.08 in Q3 2020, a decrease of approximately 15.2%[19] Shareholder Information - The company reported a total of 53,371 shareholders at the end of the reporting period[11] - The largest shareholder, Guangsha Holding Group Co., Ltd., holds 38.65% of the shares, with 326,300,000 shares pledged[11] Operational Metrics - The cost of goods sold increased by 267.82% to CNY 110,864,721.22 from CNY 30,141,393.59, primarily due to the revenue recognition from film and television productions[13] - Accounts receivable rose by 34.00% to CNY 118,437,906.68 from CNY 88,383,534.61, attributed to increased revenue from film projects[13] - Research and development expenses increased by 82.16% to CNY 6,354,973.56 from CNY 3,488,656.26, reflecting higher R&D service costs[13] - The inventory decreased by 44.63% to CNY 33,012,427.82 from CNY 59,620,444.73, linked to the cost recognition from film production[13] - The company’s other receivables dropped by 83.20% to CNY 60,180,933.44 from CNY 358,198,976.22, primarily due to the recovery of inter-company loans[13] Future Outlook - The company plans to continue promoting the production of reserve projects and the distribution of co-invested projects in the upcoming quarters[14] - The company adopted new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[39] - The company adopted new revenue recognition standards starting January 1, 2020, impacting financial reporting[44]