青岛城市传媒股份有限公司 2019 年年度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2019 年年度报告 2020 年 4 月 1 / 173 青岛城市传媒股份有限公司 2019 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 未出席董事情况 | 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 | | --- | --- | --- | --- | | 独立董事 | 栾少湖 | 身体不适 | 周海波 | 三、 和信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人王为达、主管会计工作负责人杨延亮及会计机构负责人（会计主管人员）苏彩霞 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经公司第九届董事会第六次会议审议通过的《公司2019年度利润分配预案》，在保证公司正常 经营及长远发展的前提下，以截至2019年12月 ...

青岛城市传媒股份有限公司 2019 年第三季度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2019 年第三季度报告 2019 年 10 月 1 / 27 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 青岛城市传媒股份有限公司 2019 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 3,949,116,702.75 3,763,577,153.32 4.93 归属于上市公司股东 的净资产 2,680,736,045.60 2,560,076,606.05 4.71 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金 流量净额 51,268,679.60 41,830,836.63 22.56 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期 ...

青岛城市传媒股份有限公司 2019 年半年度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2019 年半年度报告 2019 年 8 月 1 / 133 青岛城市传媒股份有限公司 2019 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 未出席董事情况 | 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 | 隋兵 | 因公出差 | 李楷 | 三、 本半年度报告未经审计。 四、 公司负责人王为达、主管会计工作负责人杨延亮及会计机构负责人（会计主管人员）苏彩霞 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司无半年度利润分配预案或资本公积金转增股本预案。 六、 前瞻性陈述的风险声明 √适用 □不适用 关于公司可能面对的风险因素内容，在本报告"经营情况讨论与分析"中已做了详述，敬请 查 ...

青岛城市传媒股份有限公司 2018 年年度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2018 年年度报告 （修订版） 2019 年 4 月 1 / 161 青岛城市传媒股份有限公司 2018 年年度报告 重要提示 三、 山东和信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人王为达、主管会计工作负责人杨延亮及会计机构负责人（会计主管人员）苏彩霞 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经公司第九届董事会第二次会议审议通过的《公司2018年度利润分配预案》，在保证公司正 常经营及长远发展的前提下，以截至2018年12月31日公司股本总数702,096,010股为基数，向全体 股东每10股派发现金红利2.00元(含税)， 共计派发现金红利140,419,202.00元。本年度不进行送 股及资本公积金转增股本。本预案尚需提交公司2018年度股东大会审议通过后方可实施。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资 ...

青岛城市传媒股份有限公司 2019 年第一季度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2019 年第一季度报告 2019 年 4 月 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王为达、主管会计工作负责人杨延亮及会计机构负责人（会计主管人员）苏彩霞 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 1 / 23 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 青岛城市传媒股份有限公司 2019 年第一季度报告 一、 重要提示 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | ...

[Company Profile and Key Financial Indicators](index=4&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Overview of Key Financial Indicators](index=5&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators%20for%20the%20Past%20Three%20Years) The company achieved steady growth in 2018, with operating revenue reaching 2.17 billion CNY and net profit attributable to shareholders at 348 million CNY, alongside a 55.15% increase in operating cash flow Key Accounting Data for the Past Three Years | Key Accounting Data | 2018 | 2017 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY billion) | 2.17 | 1.97 | 10.19% | | Net Profit Attributable to Shareholders of Listed Company (CNY million) | 348 | 329 | 5.66% | | Net Profit Attributable to Shareholders of Listed Company After Non-recurring Gains and Losses (CNY million) | 284 | 280 | 1.65% | | Net Cash Flow from Operating Activities (CNY million) | 327 | 211 | 55.15% | | **Period-End Data** | **2018-End** | **2017-End** | **YoY Change at Period-End (%)** | | Net Assets Attributable to Shareholders of Listed Company (CNY billion) | 2.56 | 2.32 | 10.47% | | Total Assets (CNY billion) | 3.76 | 3.53 | 6.65% | Key Financial Indicators for the Past Three Years | Key Financial Indicators | 2018 | 2017 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | 0.4957 | 0.4691 | 5.67% | | Basic EPS After Non-recurring Gains and Losses (CNY/share) | 0.4048 | 0.3982 | 1.66% | | Weighted Average Return on Net Assets (%) | 14.32% | 14.83% | decreased by 0.51 percentage points | | Weighted Average Return on Net Assets After Non-recurring Gains and Losses (%) | 11.70% | 12.59% | decreased by 0.89 percentage points | - The company's 2018 profit distribution plan is to distribute a cash dividend of 2.00 CNY (tax inclusive) per 10 shares to all shareholders, based on a total share capital of 702,096,010 shares, totaling **140 million CNY** in cash dividends[5](index=5&type=chunk) [Quarterly Financial Data](index=6&type=section&id=IX.%202018%20Quarterly%20Key%20Financial%20Data) The company's Q4 2018 showed the strongest performance, with operating revenue of 626 million CNY and net profit attributable to shareholders of 156 million CNY, alongside a robust 286 million CNY net cash inflow from operations 2018 Quarterly Key Financial Data (CNY million) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 489 | 556 | 499 | 626 | | Net Profit Attributable to Shareholders of Listed Company | 80 | 81 | 32 | 156 | | Net Profit Attributable to Shareholders After Non-recurring Gains and Losses | 78 | 78 | 24 | 104 | | Net Cash Flow from Operating Activities | -96 | 212 | -74 | 286 | [Analysis of Non-recurring Gains and Losses](index=6&type=section&id=X.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In 2018, the company's non-recurring gains and losses totaled 63.82 million CNY, up 28.16%, primarily driven by government subsidies and non-current asset disposal gains 2018 Non-recurring Gains and Losses Items | Non-recurring Gains and Losses Item | 2018 Amount (CNY million) | | :--- | :--- | | Non-current Asset Disposal Gains and Losses | 20.66 | | Government Subsidies Included in Current Profit and Loss | 39.65 | | Financial Asset Related Gains and Losses | 3.04 | | Other Non-operating Income and Expenses and Other Items | 2.79 | | Minority Shareholder Equity and Income Tax Impact | -2.32 | | **Total** | **63.82** | [Business Overview](index=8&type=section&id=Section%203%20Company%20Business%20Overview) [Main Business, Operating Model, and Industry Overview](index=8&type=section&id=I.%20Description%20of%20Main%20Business%2C%20Operating%20Model%2C%20and%20Industry%20Situation%20During%20the%20Reporting%20Period) The company's core business is publishing and distribution, actively expanding into new media and cultural complex operations, amidst a 2018 market shift towards online book sales and supportive national policies - The company has formed a complete industry chain integrating content production and channel dissemination, with businesses covering six major segments: publishing, distribution, new media, film and television, cultural complex operations, and investment[30](index=30&type=chunk)[31](index=31&type=chunk) - Industry data shows that in 2018, China's book retail market reached **89.4 billion CNY** in sales value, a **11.3% year-on-year increase** Online channel sales reached **57.3 billion CNY** (24.7% growth), while physical store sales were **32.1 billion CNY** (6.69% decline), indicating online channels are the primary growth driver for the industry[33](index=33&type=chunk) - Favorable national policies, including the "Deepening Reform Plan for Party and State Institutions," "Regulations on Further Supporting the Development of Cultural Enterprises," and various tax incentives, provide strong support for the healthy development of the publishing industry[34](index=34&type=chunk)[35](index=35&type=chunk) [Core Competencies](index=9&type=section&id=III.%20Analysis%20of%20Core%20Competencies%20During%20the%20Reporting%20Period) The company's core strengths include a highly marketized book business, extensive IP assets, an integrated cultural consumption service system, strong international presence, and flexible management - The company's book business is highly marketized, with market-oriented products accounting for over **two-thirds of total revenue**, and its return on net assets has consistently been **double-digit** for years, ranking among the industry leaders[37](index=37&type=chunk)[38](index=38&type=chunk) - The company possesses rich copyright resources in high-end humanities, education, lifestyle, and children's categories, serving as valuable assets for IP development and operation Qingdao Publishing's educational products hold a **high market share in Shandong Province**, and its lifestyle books are **nationally leading** in market share[39](index=39&type=chunk) - Through "Qingdao Urban Media Plaza," various themed bookstores, "Shared Smart Book Kiosks," and a new media matrix, the company has built a multi-layered urban cultural consumption service system[40](index=40&type=chunk) - The company actively promotes its "going global" strategy, with copyright export regions and languages expanding annually, ranking **13th among national publishers** in terms of overseas collection volume[41](index=41&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Section%204%20Management%20Discussion%20and%20Analysis) [Operating Performance Review](index=11&type=section&id=I.%20Management%20Discussion%20and%20Analysis) In 2018, the company's operating revenue reached 2.17 billion CNY and net profit attributable to shareholders was 348 million CNY, driven by growth in core publishing and distribution, alongside strategic advancements in new media and cultural investments - The publishing segment focused on high-quality copyrights, with revenue reaching **928 million CNY**, a **10.48% year-on-year increase** High-quality and best-selling products were launched across various sub-segments including social sciences, education, children's, and lifestyle[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk) - The distribution segment continued to strengthen channel development, with revenue reaching **1.77 billion CNY**, a **9.60% year-on-year increase** Physical bookstores underwent transformation and upgrading, online distribution sales exceeded **300 million CNY**, and community marketing effectiveness improved[50](index=50&type=chunk)[51](index=51&type=chunk) - New media business expanded well, with VR and digital reading product revenues doubling, and film and television projects progressing orderly Concurrently, leveraging Qingdao Urban Media Plaza, the company built an "urban cultural consumption service system" comprising themed bookstores and shared smart book kiosks[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) - The company indirectly invested **40 million USD** in Ximalaya Inc.'s Series E financing, aiming to generate investment returns and accelerate the development of its full-media industry chain[55](index=55&type=chunk) [Financial Position Analysis](index=13&type=section&id=II.%20Key%20Operating%20Performance%20During%20the%20Reporting%20Period) The company's main business revenue grew by 9.71% with a slight gross margin increase to 39.09%, while other business revenue surged 242.43%, and operating cash flow rose 55.15%, maintaining a stable asset-liability structure Main Business by Sector | Sector | Operating Revenue (CNY billion) | Revenue YoY | Gross Margin (%) | Gross Margin Change | | :--- | :--- | :--- | :--- | :--- | | Publishing | 0.928 | +10.48% | 47.17% | +0.62 pp | | Distribution | 1.770 | +9.60% | 20.73% | +0.32 pp | | Other | 0.071 | +242.43% | 41.72% | -6.73 pp | Main Business by Product | Product | Operating Revenue (CNY billion) | Revenue YoY | Gross Margin (%) | Gross Margin Change | | :--- | :--- | :--- | :--- | :--- | | Textbooks, Teaching Aids | 0.643 | +14.94% | 45.56% | -1.72 pp | | General Books | 1.619 | +8.47% | 29.07% | +1.16 pp | Major Cash Flow Statement Item Changes | Item | Current Period Amount (CNY billion) | Prior Period Amount (CNY billion) | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 0.327 | 0.211 | 55.15% | Increased cash received from sales of goods/services | | Net Cash Flow from Investing Activities | -0.157 | -0.320 | Not Applicable | Decrease in external investments YoY | | Net Cash Flow from Financing Activities | 0.058 | -0.150 | Not Applicable | Increase in borrowings | Major Balance Sheet Item Changes | Item | Period-End Balance (CNY billion) | Period-Beginning Balance (CNY billion) | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Prepayments | 0.085 | 0.055 | 53.75% | Increase in prepaid investments | | Other Receivables | 0.060 | 0.036 | 66.50% | Increase in receivables for land compensation, subsidies, etc | | Other Current Assets | 0.036 | 0.088 | -59.16% | Maturity and recovery of wealth management products | | Long-term Borrowings | 0.174 | 0.000 | Not Applicable | Increase in bank loans | [Future Development Outlook and Risks](index=22&type=section&id=III.%20Company's%20Discussion%20and%20Analysis%20of%20Future%20Development) The company anticipates growth from supportive policies and digital publishing, aiming to strengthen its core business and expand through new ecosystems, while managing risks from policy changes, depreciation, raw material costs, and market competition - **Industry Trends**: National policy support is increasing, the book market is expected to achieve "volume and price increases" driven by "national reading" initiatives, and digital publishing is developing rapidly with a compound annual growth rate as high as **31.3%**[82](index=82&type=chunk)[83](index=83&type=chunk)[84](index=84&type=chunk) - **Company Strategy**: Fully embarking on a "second entrepreneurship," aiming to become a leading modern cultural enterprise and reform pioneer in China with strong influence, leadership, and competitiveness[86](index=86&type=chunk) - **2019 Operating Plan**: - **Focus on Core Business**: Concentrate on publishing major themes and enhance the core competitiveness of education, children's, and lifestyle segments - **Build New Ecosystems**: Promote "content+" for innovative publishing, "finance+" to drive industry integration, consolidate online sales, and strengthen cross-industry cooperation[89](index=89&type=chunk)[91](index=91&type=chunk) - **Key Risks**: - Risk of changes in fiscal and tax preferential policies - High fixed depreciation and amortization expenses from the Urban Media Plaza project - Risk of fluctuations in raw material prices such as paper - Risk of intensified market competition - Management risks arising from rapid expansion of new businesses[92](index=92&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk) [Significant Matters](index=25&type=section&id=Section%205%20Significant%20Matters) [Profit Distribution Plan](index=25&type=section&id=I.%20Ordinary%20Share%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company's 2018 profit distribution plan proposes a cash dividend of 2.00 CNY per 10 shares, totaling 140 million CNY, representing 40.35% of net profit attributable to shareholders, demonstrating a consistent commitment to shareholder returns Ordinary Share Dividend Distribution Plans for the Past Three Years | Dividend Year | Dividend Per 10 Shares (CNY) (Tax Incl.) | Total Cash Dividend (CNY million) | Ratio to Net Profit Attributable to Parent Company (%) | | :--- | :--- | :--- | :--- | | 2018 | 2.00 | 140.42 | 40.35% | | 2017 | 1.50 | 105.31 | 31.97% | | 2016 | 1.20 | 84.25 | 30.96% | - The company's cash dividend policy is stable, with its articles of association stipulating that the annual cash dividend should generally not be less than **10%** of the distributable profit for the year[99](index=99&type=chunk) [Fulfillment of Commitments](index=27&type=section&id=II.%20Fulfillment%20of%20Commitments) The company and its controlling shareholder fulfilled major asset restructuring commitments, with adjustments made to the timeline for property title transfers due to government planning changes - The restricted shares held by the controlling shareholder, Qingdao Publishing Group Co., Ltd., from the restructuring matured after **36 months** on September 1, 2018, and were listed for trading, completing the commitment[103](index=103&type=chunk)[132](index=132&type=chunk) - Due to urban redevelopment and government planning adjustments, the company modified the fulfillment period for title transfer commitments of certain defective assets, which was approved by the board of directors and shareholders' meeting[105](index=105&type=chunk) [Other Significant Matters](index=35&type=section&id=XVI.%20Explanation%20of%20Other%20Significant%20Matters) The company invested 40 million USD in Ximalaya Inc.'s Series E financing through a limited partnership, an investment approved by relevant authorities - The company indirectly invested no more than **40 million USD** in Ximalaya Inc.'s Series E financing through a partnership it established, representing approximately **1.27%** of the equity interest in the fund's investment target[119](index=119&type=chunk) [Share Changes and Shareholder Information](index=37&type=section&id=Section%206%20Ordinary%20Share%20Changes%20and%20Shareholder%20Information) [Share Capital Structure Changes](index=37&type=section&id=I.%20Ordinary%20Share%20Capital%20Change%20Situation) The company's total share capital remained at 702,096,010 shares, but its structure changed significantly as 272,323,931 restricted shares from the 2015 restructuring became fully tradable in September 2018 Share Change Situation | Share Type | Quantity Before This Change (shares) | Increase/Decrease in This Change (shares) | Quantity After This Change (shares) | | :--- | :--- | :--- | :--- | | I. Restricted Shares | 272,323,931 | -272,323,931 | 0 | | II. Unrestricted Tradable Shares | 429,772,079 | +272,323,931 | 702,096,010 | | III. Total Ordinary Shares | 702,096,010 | 0 | 702,096,010 | - The share change was due to the listing and trading of restricted shares issued for asset acquisition and supporting funds during the 2015 major asset restructuring, involving shareholders Qingdao Publishing Group Co., Ltd. and Qingdao Publishing Real Estate Co., Ltd[131](index=131&type=chunk) [Shareholder Information](index=39&type=section&id=III.%20Shareholders%20and%20Actual%20Controller%20Information) As of 2018-end, the company had 42,152 shareholders, with Qingdao Publishing Group Co., Ltd. as the controlling shareholder (53.30%) and Qingdao Municipal Bureau of Finance as the actual controller, and state-owned entities dominating the top ten Top Ten Shareholders' Holdings as of the End of the Reporting Period | Shareholder Name | Shares Held at Period-End | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Qingdao Publishing Group Co., Ltd. | 374,191,691 | 53.30 | State-owned Legal Person | | Qingdao Publishing Real Estate Co., Ltd. | 35,034,590 | 4.99 | State-owned Legal Person | | Qin Shurong | 10,805,800 | 1.54 | Unknown | | Qingdao Industrial Development Investment Co., Ltd. | 7,688,605 | 1.10 | State-owned Legal Person | | Morgan Stanley China A Share Fund | 7,136,143 | 1.02 | Unknown | | Luo Yupin | 7,000,000 | 1.00 | Unknown | | Qingdao Guoxin Development (Group) Co., Ltd. | 6,797,174 | 0.97 | State-owned Legal Person | - The company's controlling shareholder is Qingdao Publishing Group Co., Ltd., and the actual controller is Qingdao Municipal Bureau of Finance[135](index=135&type=chunk)[137](index=137&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=43&type=section&id=Section%208%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) [Changes and Remuneration of Directors, Supervisors, and Senior Management](index=43&type=section&id=I.%20Shareholding%20Changes%20and%20Remuneration) Significant changes occurred in the company's board and management, including a new chairman in March 2019, with total pre-tax remuneration for all directors, supervisors, and senior management reaching 5.23 million CNY in 2018 - In March 2019, the company's board of directors completed its re-election, with Mr. Wang Weida appointed as the Chairman of the Ninth Board of Directors, and former Chairman Mr. Meng Mingfei retiring from his position[144](index=144&type=chunk)[148](index=148&type=chunk) Remuneration of Selected Senior Executives in 2018 (CNY million) | Name | Position | Total Pre-tax Remuneration | | :--- | :--- | :--- | | Yang Yanliang | Director, General Manager | 0.8366 | | Li Kai | Director, Deputy General Manager, Chief Economist | 0.8788 | | Zhang Huaxin | Deputy General Manager | 0.8917 | | Ma Qi | Deputy General Manager, Board Secretary | 0.5406 | | Su Caixia | Financial Controller | 0.5533 | | **Total** | **/** | **5.2317** | [Employee Information](index=50&type=section&id=VI.%20Employee%20Information%20of%20Parent%20Company%20and%20Major%20Subsidiaries) As of the reporting period, the company and its major subsidiaries employed 1,766 people, with business employees comprising 70.8% and over 57% holding bachelor's degrees or higher, indicating a high-quality workforce Employee Professional Composition | Professional Category | Number of People | Proportion | | :--- | :--- | :--- | | Management Staff (Mid-level and above) | 79 | 4.47% | | Administrative and Logistics Staff | 436 | 24.69% | | Business Staff | 1,251 | 70.84% | | **Total** | **1,766** | **100.00%** | Employee Educational Background | Educational Level | Number of People | Proportion | | :--- | :--- | :--- | | Master's Degree and Above | 169 | 9.57% | | Bachelor's Degree | 841 | 47.62% | | Junior College and Below | 756 | 42.81% | | **Total** | **1,766** | **100.00%** | [Financial Report](index=55&type=section&id=Section%2011%20Financial%20Report) [Audit Report](index=55&type=section&id=I.%20Audit%20Report) Shandong Hexin Certified Public Accountants issued a standard unqualified audit opinion on the company's 2018 financial statements, with key audit matters identified as revenue recognition and allowance for doubtful accounts - The auditing firm issued a **standard unqualified audit opinion**[175](index=175&type=chunk)[176](index=176&type=chunk) - Key audit matters include: - **Revenue Recognition**: Due to revenue being a key performance indicator, there is an inherent risk of management manipulating the timing of revenue recognition - **Allowance for Doubtful Accounts**: The book value of accounts receivable is high, and the provision for doubtful accounts involves significant accounting estimates and judgments[178](index=178&type=chunk)[181](index=181&type=chunk) [Core Financial Statement Data](index=58&type=section&id=II.%20Financial%20Statements) As of 2018-end, the company reported total assets of 3.76 billion CNY, equity attributable to parent company owners of 2.56 billion CNY, and an asset-liability ratio of 31.80%, with 2018 operating revenue at 2.17 billion CNY and net profit attributable to parent company owners at 348 million CNY Consolidated Balance Sheet Key Data (CNY billion) | Item | 2018-12-31 | 2017-12-31 | | :--- | :--- | :--- | | Cash and Cash Equivalents | 1.101 | 0.876 | | Notes and Accounts Receivable | 0.316 | 0.290 | | Inventories | 0.402 | 0.388 | | **Total Assets** | **3.764** | **3.529** | | Notes and Accounts Payable | 0.696 | 0.890 | | **Total Liabilities** | **1.197** | **1.208** | | Equity Attributable to Parent Company Owners | 2.560 | 2.317 | | **Total Liabilities and Owners' Equity** | **3.764** | **3.529** | Consolidated Income Statement Key Data (CNY billion) | Item | 2018 | 2017 | | :--- | :--- | :--- | | Operating Revenue | 2.170 | 1.969 | | Operating Cost | 1.322 | 1.206 | | Selling Expenses | 0.296 | 0.247 | | Administrative Expenses | 0.245 | 0.214 | | Total Profit | 0.352 | 0.335 | | Net Profit | 0.348 | 0.332 | | Net Profit Attributable to Parent Company Shareholders | 0.348 | 0.329 | Consolidated Cash Flow Statement Key Data (CNY billion) | Item | 2018 | 2017 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 0.327 | 0.211 | | Net Cash Flow from Investing Activities | -0.157 | -0.320 | | Net Cash Flow from Financing Activities | 0.058 | -0.150 | | Net Increase in Cash and Cash Equivalents | 0.229 | -0.258 |

青岛城市传媒股份有限公司 2018 年第三季度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2018 年第三季度报告 2018 年 10 月 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 青岛城市传媒股份有限公司 2018 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 二、 公司基本情况 2.1 主要财务数据 | 单位：元 币种：人民币 | | --- | | | 本报告期末 | | 上年度末 | | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 末增减(%) | | | 总资产 | 3,690,873,611.24 | | 3,528,992,84 ...

青岛城市传媒股份有限公司 2018 年半年度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2018 年半年度报告 2018 年 8 月 1 / 121 青岛城市传媒股份有限公司 2018 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司无半年度利润分配预案或资本公积金转增股本预案。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 关于公司可能面对的风险因素内容，在本报告"经营情况讨论与分析"中已做了详述，敬请 查阅。 十、 其他 □适用 √不适用 2 / 121 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人孟鸣飞、 ...

青岛城市传媒股份有限公司 2018 年第一季度报告 2018 年 4 月 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 青岛城市传媒股份有限公司 2018 年第一季度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2018 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 末增减(%) | | | --- | --- | --- | --- | --- | | 总资产 | 3,560,652,112.60 | 3,528,992,841.92 | | 0.90 | | 归属于上市公司股东的净 | 2,396,946,232.10 | 2,317,385,785.61 | | 3.43 | | 资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 ...

[Company Profile and Key Financial Indicators](index=4&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides the company's profile and key financial indicators, highlighting a 11.03% increase in operating revenue and a 21.05% rise in net profit attributable to shareholders in 2017, alongside a 41.35% decrease in operating cash flow | Key Accounting Data | 2017 | 2016 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 1.969 billion | CNY 1.774 billion | 11.03% | | Net Profit Attributable to Shareholders | CNY 329 million | CNY 272 million | 21.05% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | CNY 280 million | CNY 254 million | 10.05% | | Net Cash Flow from Operating Activities | CNY 211 million | CNY 360 million | -41.35% | | **Period-end Data** | **2017 Year-end** | **2016 Year-end** | **Period-end YoY Change (%)** | | Net Assets Attributable to Shareholders | CNY 2.317 billion | CNY 2.116 billion | 9.50% | | Total Assets | CNY 3.529 billion | CNY 2.892 billion | 22.03% | | Key Financial Indicators | 2017 | 2016 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | 0.4691 | 0.3875 | 21.06% | | Weighted Average Return on Net Assets (%) | 14.83% | 13.54% | Increased by 1.29 percentage points | | Weighted Average Return on Net Assets (Excluding Non-recurring Items) (%) | 12.59% | 12.64% | Decreased by 0.05 percentage points | | Quarter | Operating Revenue (billion CNY) | Net Profit Attributable to Shareholders (billion CNY) | Net Cash Flow from Operating Activities (billion CNY) | | :--- | :--- | :--- | :--- | | Q1 | 0.457 | 0.065 | -0.083 | | Q2 | 0.473 | 0.074 | 0.146 | | Q3 | 0.427 | 0.043 | -0.110 | | Q4 | 0.613 | 0.147 | 0.258 | - In 2017, the company's total non-recurring gains and losses amounted to **CNY 49.7947 million**, primarily from government subsidies (**CNY 26.9945 million**) and disposal gains/losses of non-current assets (**CNY 14.8066 million**)[26](index=26&type=chunk)[27](index=27&type=chunk) [Company Business Overview](index=8&type=section&id=Item%203.%20Company%20Business%20Overview) The company's core business involves publishing and distribution of books and periodicals, while actively expanding into new media, film, television, and cultural complex operations, benefiting from a growing national book retail market - The company's core business comprises four segments: - **Publishing Business**: Editing and publishing of general books, teaching materials, periodicals, and electronic audio-visual products - **Distribution Business**: Book wholesale and retail, cultural complex operations - **New Media Business**: Digital content, audiobooks, VR content, online education - **Film and Television Business**: Investment and production of TV series, films, and documentaries[31](index=31&type=chunk) - In 2017, the national book retail market exceeded **CNY 80 billion**, growing by **14.55%** year-on-year, with online channels increasing by **25.82%** and physical bookstores achieving their first positive growth of **2.33%** after years of decline[34](index=34&type=chunk)[35](index=35&type=chunk) - The company's core competencies include: - **Stable Core Business**: Book publishing revenue and profit maintained double-digit growth for three consecutive years - **Rich Copyright Assets**: Possessing first-tier author resources like Feng Qiyong and Feng Jicai, and building high-end IP assets such as the "Humanities and Arts Image Database" - **Urban Cultural Consumption Service System**: Developing "culture + commerce" models like "Qingdao City Media Plaza" and exporting light-asset chain bookstore models like "BCMIX" nationwide - **Internationalization Strategy**: Actively promoting copyright exports and initiating projects like the "Analects of Confucius" translation project in "Belt and Road" countries[38](index=38&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk)[42](index=42&type=chunk)[43](index=43&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=Item%204.%20Management%20Discussion%20and%20Analysis) In 2017, the company achieved strong operating performance, with operating revenue reaching **CNY 1.969 billion** (up 11.03%) and net profit attributable to shareholders reaching **CNY 329 million** (up 21.05%), successfully fulfilling its three-year listing performance commitment | Financial Indicators | 2017 | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | CNY 1.969 billion | 11.03% | | Total Profit | CNY 335 million | 18.89% | | Net Profit | CNY 332 million | 19.05% | | Net Profit Attributable to Parent Company Shareholders | CNY 329 million | 21.05% | - The company successfully fulfilled its three-year listing performance commitment, with **non-recurring adjusted net profit attributable to shareholders** reaching **CNY 297 million** in 2017, exceeding the promised **CNY 246 million**, achieving a completion rate of **120.48%**[48](index=48&type=chunk)[120](index=120&type=chunk)[134](index=134&type=chunk) - The company achieved significant results in transformation and upgrading: - **New Media**: The first "VR Ocean Classroom" was launched, and audio products from Jiangsheng Company accumulated over **10 million** plays - **Technology Integration**: Utilized VR and 3D printing technology to replicate Yungang Grottoes Cave 3 in 1:1 scale, revitalizing cultural heritage - **Urban Cultural Consumption Service System**: The "Qingdao City Media Plaza" project, funded by raised capital, commenced operations, and the company partnered with JD.com to establish over 10 "composite cultural consumption spaces" nationwide, exporting its operating model[56](index=56&type=chunk)[57](index=57&type=chunk)[59](index=59&type=chunk)[60](index=60&type=chunk) | Business Segment | Operating Revenue (billion CNY) | YoY Growth | Operating Cost (billion CNY) | Gross Margin | Gross Margin Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | | | | | | | Publishing | 0.840 | 13.62% | 0.449 | 46.55% | Increased by 1.29 percentage points | | Distribution | 1.615 | 9.83% | 1.285 | 20.41% | Decreased by 0.79 percentage points | | **By Product** | | | | | | | Teaching Materials, Supplementary Books | 0.559 | 6.26% | 0.295 | 47.28% | Increased by 3.08 percentage points | | General Books | 1.493 | 11.81% | 1.076 | 27.91% | Decreased by 0.65 percentage points | - The company faces key risks including changes in fiscal and tax preferential policies, impact of new depreciation on profitability, raw material price fluctuations, intensified market competition, and management risks from rapid business expansion[106](index=106&type=chunk)[107](index=107&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk) [Significant Matters](index=28&type=section&id=Item%205.%20Significant%20Matters) This section details the company's profit distribution plan, commitment fulfillment, accounting policy changes, and other significant matters, including a proposed **CNY 1.50 (tax inclusive) cash dividend per 10 shares** and core management's participation in equity investment funds | Dividend Year | Cash Dividend Per 10 Shares (CNY) (tax inclusive) | Total Cash Dividend (CNY) | Ratio to Net Profit Attributable to Shareholders (%) | | :--- | :--- | :--- | :--- | | 2017 (Proposed) | 1.50 | 105,314,401.50 | 31.97% | | 2016 | 1.20 | 84,251,521.20 | 30.96% | | 2015 | 1.00 | 70,209,601.00 | 30.09% | - The company's core management team increased their shareholding by **2.6687 million shares** (representing **0.38%** of total share capital) through a trust plan in the secondary market, with an investment of **CNY 24.3958 million**, committing not to reduce holdings within 12 months[140](index=140&type=chunk) - The company, as a limited partner, subscribed to two equity investment funds with an investment of **CNY 70 million** to invest in projects within the film, television, education, and other cultural industries[141](index=141&type=chunk)[142](index=142&type=chunk) [Changes in Shares and Shareholder Information](index=39&type=section&id=Item%206.%20Changes%20in%20Shares%20and%20Shareholder%20Information) The company's total share capital remained unchanged at **702,096,010 shares** in 2017, with **43,035 shareholders** at year-end, and Qingdao Publishing Group Co., Ltd. holding **53.30%** as the controlling shareholder - During the reporting period, the company's total ordinary share capital and share structure remained unchanged, with a total share capital of **702,096,010 shares**[147](index=147&type=chunk) | Shareholder Name | Shares Held at Period-end (shares) | Percentage (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Qingdao Publishing Group Co., Ltd. | 374,191,691 | 53.30 | State-owned Legal Person | | Qingdao Publishing Property Co., Ltd. | 35,034,590 | 4.99 | State-owned Legal Person | | Shandong Luxin Cultural Industry Venture Capital Co., Ltd. | 9,558,988 | 1.36 | State-owned Legal Person | | Qin Shurong | 8,100,000 | 1.15 | Unknown | | Qingdao Industrial Development Investment Co., Ltd. | 7,688,605 | 1.10 | State-owned Legal Person | - The company's controlling shareholder is Qingdao Publishing Group Co., Ltd., and the ultimate controlling party is Qingdao Municipal Finance Bureau[154](index=154&type=chunk)[156](index=156&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=44&type=section&id=Item%208.%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This section details the appointments, shareholdings, and remuneration of the company's directors, supervisors, and senior management, totaling **CNY 4.8895 million**, along with employee composition and compensation policies, noting **1,674 employees** with over half holding bachelor's degrees or higher - During the reporting period, the total pre-tax remuneration received by the company's directors, supervisors, and senior management amounted to **CNY 4.8895 million**[162](index=162&type=chunk) | Category | Number of People | Proportion | | :--- | :--- | :--- | | **Professional Composition** | | | | Management Staff | 81 | 4.84% | | Administrative and Logistics Staff | 383 | 22.88% | | Business Staff | 1210 | 72.28% | | **Total** | **1674** | **100%** | | **Educational Background** | | | | Master's Degree and Above | 135 | 8.06% | | Bachelor's Degree | 734 | 43.85% | | Junior College and Below | 805 | 48.09% | | **Total** | **1674** | **100%** | [Corporate Governance](index=51&type=section&id=Item%209.%20Corporate%20Governance) During the reporting period, the company strictly adhered to relevant laws and regulations, continuously improving its corporate governance structure and internal control system, maintaining independence in assets, personnel, finance, business, and organization - The company operates strictly in accordance with the "Company Law", "Securities Law", and other regulations, with a sound corporate governance structure that has no significant discrepancies with CSRC regulations[179](index=179&type=chunk)[183](index=183&type=chunk) - The 18th meeting of the company's Eighth Board of Directors approved the amendment to the "Articles of Association", clarifying the leading role of the Party organization within the company's corporate governance structure[179](index=179&type=chunk) - The company maintains independence in assets, personnel, finance, business, and organization, with no reliance on the controlling shareholder for business operations[180](index=180&type=chunk)[181](index=181&type=chunk) [Financial Report](index=56&type=section&id=Item%2011.%20Financial%20Report) This section presents the 2017 audited financial statements, which received a standard unqualified opinion, highlighting revenue recognition and allowance for doubtful accounts as key audit matters, with total assets reaching **CNY 3.529 billion** (up 22.03%) and equity attributable to parent company at **CNY 2.317 billion** (up 9.50%) - Shandong Hexin Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2017 annual financial statements[4](index=4&type=chunk)[193](index=193&type=chunk)[194](index=194&type=chunk) - Key audit matters in the audit report include: 1. **Revenue Recognition**: Due to revenue being a key performance indicator, there is an inherent risk of management manipulating the timing of revenue recognition 2. **Allowance for Doubtful Accounts**: The high carrying value of accounts receivable (period-end balance of **CNY 308 million**) significantly impacts the recoverability and financial statements[196](index=196&type=chunk)[199](index=199&type=chunk) | Key Items from Consolidated Balance Sheet | December 31, 2017 (CNY) | December 31, 2016 (CNY) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 3,528,992,841.92 | 2,891,839,053.42 | 22.03% | | Total Liabilities | 1,208,267,192.25 | 732,505,814.60 | 64.95% | | Total Equity Attributable to Parent Company Owners | 2,317,385,785.61 | 2,116,329,046.78 | 9.50% | | Key Items from Consolidated Income Statement | 2017 (CNY) | 2016 (CNY) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,969,485,005.95 | 1,773,881,912.39 | 11.03% | | Operating Profit | 319,760,035.72 | 241,700,646.55 | 32.30% | | Total Profit | 335,185,455.42 | 281,917,332.91 | 18.89% | | Net Profit | 332,404,407.21 | 279,191,168.30 | 19.06% | | Net Profit Attributable to Parent Company Shareholders | 329,363,796.48 | 272,091,277.84 | 21.05% |