Financial Performance - The company's operating revenue for Q1 2023 was ¥11,463,696.20, representing a decrease of 68.54% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥5,021,747.04, down 74.10% year-on-year[5] - Basic earnings per share were -¥0.02, a decrease of 71.43% from the same period last year[6] - Total operating revenue for Q1 2023 was ¥11,463,696.20, a decrease of 68.5% compared to ¥36,436,922.56 in Q1 2022[23] - Net profit for Q1 2023 was a loss of ¥5,021,711.57, compared to a loss of ¥19,471,076.77 in Q1 2022, representing a 74.2% improvement[24] - The total comprehensive income for the period was reported as -¥40,290.80, reflecting challenges in overall profitability[35] Cash Flow - The net cash flow from operating activities was ¥7,348,531.20, reflecting a decline of 133.64% compared to the previous year[5] - Cash flow from operating activities for Q1 2023 was ¥7,348,531.20, a significant recovery from a negative cash flow of ¥21,847,834.31 in Q1 2022[27] - The company's net cash flow from operating activities for Q1 2023 was ¥6,962,301.62, a significant increase from ¥1,011,900.40 in Q1 2022, representing a growth of approximately 588%[35] - The cash outflow from operating activities decreased to ¥35,365,623.50 from ¥37,160,965.64, showing a reduction of approximately 4.3%[35] - The cash received from other operating activities was ¥40,170,118.67, compared to ¥36,121,512.29 in Q1 2022, indicating an increase of about 11.4%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥819,723,894.17, down 3.27% from the end of the previous year[6] - The total assets as of March 31, 2023, were RMB 819.72 million, down from RMB 847.43 million at the end of 2022[18] - Total current assets amounted to RMB 374.35 million, down from RMB 400.68 million at the end of 2022[18] - Total liabilities decreased to RMB 207.57 million from RMB 230.25 million year-over-year[19] - The total liabilities as of March 31, 2023, were 160,685,095.63, an increase from 142,984,633.34 at the end of 2022[32] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,579[13] - The largest shareholder, Shenzhen Kexin Industrial Holdings Co., Ltd., holds 60,075,093 shares, accounting for 22.88% of total shares[13] Research and Development - Research and development expenses were reduced to zero, as previous projects were completed by the end of 2022, with no new R&D investments in the current period[11] - Research and development expenses for Q1 2023 were ¥363,851.75, indicating ongoing investment in innovation[24] Revenue and Expenses - The company reported a significant decrease in revenue due to the divestment of its advertising media business and a notable reduction in the volume of decoration and renovation projects[11] - Total operating costs for Q1 2023 were ¥17,643,972.96, down 64.7% from ¥49,905,908.76 in Q1 2022[23] - The company reported a significant decrease in sales expenses, which were not specified but noted as a reduction from ¥1,243,839.73 in Q1 2022[23] - Other income for Q1 2023 was ¥2,087,408.52, compared to ¥215,954.82 in Q1 2022, showing a substantial increase[24] Equity - The company’s total equity attributable to shareholders decreased by 0.84% to ¥594,566,091.38 compared to the previous year-end[6] - The total equity remained stable at RMB 262.52 million[19]

2022 年第三季度报告 证券代码：600234 证券简称：科新发展 山西科新发展股份有限公司 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： | 项目 | 本报告期 | 本报告期比上 年同期增减变 | 年初至报告期 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 动幅度(%) | 末 | 增减变动幅度 | | | | | | (%) | | 营业收入 | 12,333,322.18 | -92.73 | 94,277,386.59 | -80.68 | | 归属于上市公司股东 | 5,692,635.92 | 18.80 | -868,173.19 | -108.63 | | 的净利润 | | | | | 1 / 13 2022 年第三季度报告 | 归属于上市公司股东 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 的扣除非经常性损益 | 5,692 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥81,944,064.41, a decrease of 74.26% compared to ¥318,322,056.35 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥6,560,809.11, representing a decline of 224.65% from a profit of ¥5,263,509.09 in the previous year[19]. - The net cash flow from operating activities was -¥46,884,694.65, slightly improved from -¥48,303,066.07 in the same period last year[19]. - Basic earnings per share for the first half of 2022 were -¥0.0250, a decrease of 183.31% compared to ¥0.0300 in the same period last year[20]. - The company reported a net profit excluding non-recurring gains and losses of -¥6,203,022.41, a decline of 249.12% from ¥4,159,761.47 in the same period last year[19]. - The diluted earnings per share were also -¥0.0250, reflecting the same decline as the basic earnings per share[20]. - The company achieved operating revenue of 81.94 million yuan, a decrease of 74.26% year-on-year, down 236.38 million yuan[33]. - The net profit attributable to shareholders was -6.56 million yuan, a decrease of 1.18 million yuan year-on-year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -6.20 million yuan, down 1.04 million yuan year-on-year[33]. - The company reported a significant increase in prepayments to RMB 26,652,699.41 from RMB 14,891,260.61, which is an increase of approximately 78.5%[96]. Assets and Liabilities - The total assets decreased by 12.17% to ¥918,107,881.01 from ¥1,045,264,600.25 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥609,593,284.34, down 0.88% from ¥615,014,385.89 at the end of the previous year[19]. - Total liabilities amounted to 288.85 million yuan[33]. - The company's asset-liability ratio stood at 31.46%, with total equity attributable to shareholders at ¥60,959.33 million, down 0.88% from the end of 2021[34]. - Cash and cash equivalents decreased by 48.51% to ¥51,538,134.45 from ¥100,096,581.98 at the end of the previous year[40]. - The total current assets as of June 30, 2022, amounted to RMB 447,548,406.09, a decrease from RMB 574,608,216.57 at the beginning of the period, reflecting a decline of approximately 22.1%[96]. - Accounts receivable increased to RMB 258,918,447.24 from RMB 234,012,787.99, showing a growth of about 10.7%[96]. - The company's inventory decreased to RMB 16,651.29 from RMB 82,362.56, indicating a reduction of about 79.8%[96]. - The total liabilities decreased to CNY 288,845,920.28 from CNY 410,190,892.70, a reduction of 29.5%[99]. Business Strategy and Operations - The company plans to sell its entire stake in Shanshui Media to optimize its business segments[25]. - The construction decoration business is the main focus, with efforts to enhance service capabilities through expanded qualifications[26]. - The advertising media business aims to provide comprehensive marketing solutions, adapting to the increasing demand driven by new technologies[27]. - The company plans to explore suitable projects and business opportunities in line with national policies and market conditions, aiming for strategic adjustments to support future growth[35]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[125]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[124]. Legal and Compliance Issues - A major client, Gome Electrical Appliances, has defaulted on rent payments, which may impact the company's rental income and occupancy rates[50]. - The company is currently involved in 16 pending litigation cases, with claims totaling approximately 16.89 million yuan related to advertising and breach of contract[72]. - The company has formally filed a labor contract dispute case, seeking to avoid paying economic compensation of 7,500 yuan to an employee[71]. - The company faces risks related to the construction decoration industry, including potential decreases in project demand due to macroeconomic fluctuations and client industry policy changes[49]. - The company has not faced any significant integrity issues or unfulfilled court judgments during the reporting period[74]. Financial Management and Governance - The company has no profit distribution plan or capital reserve transfer to share capital plan for the reporting period[4]. - The company has not implemented any employee stock ownership plans or other incentive measures during this period[56]. - The company has committed to avoiding direct or indirect competition with its listed business and will strive to ensure that its controlled enterprises do not engage in similar business activities[61]. - The company has promised to conduct any necessary related transactions at market-based prices and to comply with relevant laws and regulations to protect the interests of minority shareholders[62]. - The company guarantees the independence of its financial accounting department and maintains a separate financial management system[65]. Research and Development - The company’s research and development expenses amounted to ¥2,436,331.46, primarily related to new projects initiated by its subsidiary, TiDa Decoration[36]. - The company has identified key areas for technological innovation and aims to allocate resources towards research and development initiatives[125]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, reflecting the company's financial position and operating results accurately[142]. - The company follows the enterprise accounting standards, ensuring that the financial statements are true and complete[142]. - The company’s accounting currency is Renminbi (CNY)[145]. - The company’s financial reports are consolidated based on control, including all subsidiaries under its control[151]. - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date, with differences recorded in the current period's profit or loss[159].

证券代码：600234 证券简称：科新发展 编号：临 2022--019 山西科新发展股份有限公司 关于参加山西辖区上市公司 2022 年投资者 网上集体接待日活动的公告 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 活动时间：2022 年 6 月 23 日（星期四）15:00-16：30。 活动方式：网络远程方式。 活动地点："全景•路演"（ http://rs.p5w.net）。 问题征集方式：投资者可通过电话、邮件等方式将需要了解的 情况和关注的问题提前反馈给公司。 2022 年 4 月 29 日，山西科新发展股份有限公司（以下简称"公 司"）披露了《2021 年年度报告》。为进一步贯彻落实《国务院办公 厅关于进一步加强资本市场中小投资者合法权益保护工作的意见》 （国发办[2013]110 号），加强与投资者的互动交流，切实保障投资 者合法权益，根据中国证券监督管理委员会山西监管局及山西省上市 公司协会的组织和安排，公司将于 2022 年 6 月 23 日（周四）15:00-16： 30 参加在全 ...

Financial Performance - The net profit attributable to the parent company for 2021 was CNY 12,616,222.42, resulting in a year-end undistributed profit of CNY -402,901,352.87[6] - The company reported a negative profit distribution for the year, thus no profit distribution or capital reserve transfer to increase share capital will be conducted[6] - The company's operating revenue for 2021 was ¥591.09 million, a decrease of 46.94% compared to ¥1,113.97 million in 2020[22] - The net profit attributable to shareholders for 2021 was ¥12.62 million, down 77.59% from ¥56.30 million in 2020[22] - The basic earnings per share for 2021 was ¥0.0555, representing an 80.25% decline from ¥0.2810 in 2020[24] - The weighted average return on equity decreased to 3.79% in 2021, down 51.61 percentage points from 55.40% in 2020[24] - The cash flow from operating activities for 2021 was negative at -¥128.84 million, a decline of 556.91% compared to ¥28.20 million in 2020[22] - The company achieved operating revenue of CNY 591.09 million, a decrease of 46.94% year-on-year[49] - Net profit attributable to shareholders was CNY 12.62 million, down CNY 4.37 million from the previous year[49] - The net cash flow from operating activities was -CNY 128.84 million, a decline of CNY 156.03 million year-on-year[49] - Total assets at the end of the reporting period were CNY 1,045.26 million, a slight decrease of 0.66% from the previous year[49] - The company's total liabilities decreased by 54.53% to CNY 410.19 million, resulting in a debt-to-asset ratio of 39.24%[49] Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[8] - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[8] - The company’s future plans and strategic developments are subject to investment risks[7] - The advertising and media business faces market risks due to competition from internet and new media, potentially impacting operational performance[93] - The construction decoration business is sensitive to macroeconomic fluctuations, with a risk of reduced market demand if economic growth slows[93] - The company is exposed to risks from reliance on major clients in its advertising and construction businesses, necessitating the establishment of strategic partnerships to diversify client resources[96] - The company faces legal risks related to labor outsourcing in construction projects, which could lead to economic disputes or lawsuits[95] - The company is sensitive to fluctuations in material prices, which can impact profit margins in the construction decoration industry[95] Corporate Governance - The audit report issued by Zhongxi CPA was a standard unqualified opinion[5] - The company’s financial report is guaranteed to be true, accurate, and complete by its management[5] - The company has not violated decision-making procedures for external guarantees[8] - The company emphasizes strict governance and compliance with laws, holding multiple board meetings and ensuring shareholder rights are protected[100] - The company maintains a robust investor relations strategy, ensuring timely and accurate information disclosure to protect shareholder interests[101] - The company maintains complete independence in assets, personnel, finance, organization, and business from its controlling shareholders, ensuring no illegal occupation of funds or assets[102] - The financial independence is upheld through a separate accounting department and independent financial decision-making, with no shared bank accounts with related parties[103] - The company has a complete and independent labor, personnel, and compensation management system, distinct from its controlling shareholders[104] - The board of directors and management team are independent, with no overlapping roles in the controlling shareholder's enterprises, ensuring unbiased governance[104] - The company has not engaged in any significant business competition with its controlling shareholders, maintaining operational independence[104] Strategic Development - The company aims to transform its office building into a unique commercial complex, enhancing management services and optimizing leasing resources[41] - The company plans to strengthen partnerships with major clients in the construction decoration sector and expand its market share in residential and commercial renovations[91] - The company will increase R&D personnel and investment to improve its business capabilities and meet the demand for orderly growth[91] - The company is committed to a "steady progress" development strategy, focusing on existing business areas while exploring new opportunities[88] - The company aims to improve property standards by investing in maintenance and renovation of outdated projects, enhancing service levels and project experience[92] - The company plans to attract new clients by analyzing vacant areas and expanding services, which is expected to drive revenue growth[92] Operational Performance - The company completed a private placement of 60,075,093 shares, raising approximately 480 million RMB to enhance liquidity and reduce debt, improving the capital structure and short-term solvency[34] - The company has diversified its architectural decoration projects to include medical and hotel construction, expanding its service offerings beyond residential and public buildings[40] - The company’s advertising media business provides comprehensive marketing solutions, integrating brand, content, digital, and media marketing[38] - The company has established a robust quality management system, achieving ISO9001, ISO14001, and ISO45001 certifications, ensuring high standards in construction quality and safety[46] - The architectural decoration business operates under a single contract model, with revenue generated primarily through competitive bidding processes[43] - The company has established a comprehensive quality control system and has not faced any major quality-related disputes during the reporting period[71] Shareholder Structure - The largest shareholder, Shenzhen Kexin Industrial Holdings Co., Ltd., holds 60,075,093 shares, representing 22.88% of the total shares[199] - The second largest shareholder, Shenzhen Qianhai Baide Gao Sheng Investment Partnership, holds 27,164,647 shares, accounting for 10.35% of the total shares[199] - The third largest shareholder, Nanjing Sentepais Enterprise Management Co., Ltd., has 13,000,013 shares, which is 4.95% of the total shares[199] - The total number of shares held by the top ten shareholders includes significant stakes from natural persons, with the largest individual shareholder, Zhong Ansheng, holding 11,033,598 shares (4.20%) and Liu Xiaocong holding 9,138,380 shares (3.48%)[199] - The report indicates that there are no pledged, marked, or frozen shares among the top shareholders[199] - The top ten unrestricted shareholders collectively hold a total of 66,000,000 shares, with the largest being Shenzhen Qianhai Baide Gao Sheng Investment Partnership[200] - The report notes that there are established relationships among certain shareholders, indicating potential coordinated actions, particularly among Zhong Ansheng, Zheng Junjie, and others[200] - The company has not identified any other relationships among the top ten shareholders that would constitute concerted action as per regulatory guidelines[200] Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[166] - The company has a pending compensation claim of approximately ¥739,441.98 from the Taiyuan Intermediate People's Court, which remains unresolved[166] - The company has no major accounting errors or issues with its previous auditor, ensuring continuity in financial reporting[163] - The company has no significant related party transactions that require disclosure, indicating a focus on transparency[170] - The company has not faced any penalties from securities regulatory agencies in the past three years[121] Future Outlook - The digital economy is projected to account for 10% of GDP by 2025, driving the transformation of service industries including advertising and logistics[86] - The company is actively involved in investment and development projects, reflecting a commitment to growth and market expansion[115] - The company has committed to fair pricing and market principles in any necessary related transactions with controlled enterprises[150] - The company will ensure that its business operations remain independent from those of its controlling enterprises, maintaining the ability to operate autonomously in the market[152]

Financial Performance - The company's operating revenue for Q1 2022 was ¥36,436,922.56, representing a decrease of 72.26% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥19,387,750.38, reflecting a decline of 513.11% year-on-year[5]. - The basic and diluted earnings per share were both -¥0.07, indicating a decrease of 450% compared to the previous year[7]. - Total revenue for Q1 2022 was CNY 36,436,922.56, a decrease of 72.2% compared to CNY 131,350,493.88 in Q1 2021[18]. - Total operating costs for Q1 2022 were CNY 49,905,908.76, down from CNY 127,189,524.24 in Q1 2021, reflecting a reduction of 60.8%[19]. - Operating profit for Q1 2022 was CNY -21,501,526.56, compared to a profit of CNY 6,429,254.57 in Q1 2021, indicating a significant decline[19]. - The net profit for Q1 2022 was -19,471,076.77 RMB, compared to a profit of 4,679,711.65 RMB in Q1 2021, indicating a significant decline in profitability[20]. - The basic and diluted earnings per share for Q1 2022 were both -0.07 RMB, down from 0.02 RMB in Q1 2021[21]. - The company reported a net loss of CNY -422,289,103.25 in Q1 2022, compared to a loss of CNY -402,901,352.87 in Q4 2021[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥991,618,841.13, down 5.13% from the end of the previous year[7]. - Current assets totaled CNY 518,747,156.98, a decrease of 9.7% from CNY 574,608,216.57 at the end of 2021[16]. - Total assets as of March 31, 2022, were CNY 991,618,841.13, down from CNY 1,045,264,600.25 at the end of 2021[17]. - Total liabilities decreased to CNY 376,016,210.35 from CNY 410,190,892.70, a reduction of 8.3%[17]. - Total liabilities for Q1 2022 were CNY 182,538,696.98, a decrease from CNY 193,884,844.24 in the previous period[26]. - Current liabilities totaled CNY 84,898,220.16, down from CNY 96,147,158.04 in the previous period[26]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥21,847,834.31, a decrease of 48.97% year-on-year[7]. - Cash flow from operating activities for Q1 2022 was -21,847,834.31 RMB, an improvement from -42,811,089.51 RMB in Q1 2021[22]. - The company reported cash inflows from operating activities of 70,450,799.67 RMB in Q1 2022, compared to 184,723,579.32 RMB in Q1 2021, reflecting a decrease of approximately 61.9%[22]. - Cash outflows from operating activities totaled 92,298,633.98 RMB in Q1 2022, down from 227,534,668.83 RMB in Q1 2021, indicating a reduction of about 59.5%[22]. - Cash flow from operating activities in Q1 2022 was CNY 38,172,866.04, significantly higher than CNY 3,975,323.75 in Q1 2021[30]. - The net cash flow from operating activities was $1,011,900.40, showing an increase from $936,326.87 in the previous period[31]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,351[10]. - The top shareholder, Shenzhen Kexin Industrial Holding Co., Ltd., held 60,075,093 shares, accounting for 22.88% of the total shares[11]. Other Information - The company did not report any new product launches or significant market expansions during the quarter[20]. - There were no mentions of mergers or acquisitions in the Q1 2022 report[20]. - The company has not adopted the new accounting standards for the current year, as indicated in the report[32]. - The report was published on April 27, 2022, by the board of directors of Shanxi Kexin Development Co., Ltd.[32].

Financial Performance - The company's operating revenue for Q3 2021 was ¥169,733,303.28, a decrease of 51.59% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥4,791,960.28, down 81.15% year-on-year[6]. - The basic earnings per share were ¥0.0222, reflecting a decline of 84.70% compared to the previous year[7]. - Total operating revenue for the first three quarters of 2021 was CNY 488,055,359.63, a decrease of 7.26% compared to CNY 526,290,038.24 in the same period of 2020[21]. - Net profit for the third quarter of 2021 was CNY 10,005,696.61, a decline of 66.3% from CNY 29,686,463.14 in the same quarter of 2020[22]. - The company reported a basic earnings per share of CNY 0.0466 for Q3 2021, down from CNY 0.1451 in Q3 2020[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,104,009,484.58, an increase of 4.93% from the end of the previous year[7]. - The company's total liabilities decreased to CNY 471,368,266.70 in Q3 2021 from CNY 902,138,584.37 in Q3 2020, indicating improved financial health[20]. - The total current assets reached CNY 631,095,349.16, up from CNY 585,758,861.89, indicating an increase of about 7.75%[18]. - The company's total assets increased to CNY 1,104,009,484.58 in Q3 2021 from CNY 1,052,163,403.74 in Q3 2020, indicating overall growth in asset base[20]. Shareholder Equity - The equity attributable to shareholders increased by 371.88% to ¥612,456,310.16 due to a non-public offering of shares[7]. - The total equity attributable to shareholders increased to CNY 612,456,310.16 in Q3 2021 from CNY 129,789,750.63 in Q3 2020, showing significant growth in shareholder value[20]. - The company completed a non-public offering of 60,075,093 shares, increasing the total share capital and enhancing capital strength, with the controlling shareholder holding 33.23% post-offering[15]. Cash Flow - The cash flow from operating activities was not applicable for this period[7]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 453,448,366.35, compared to CNY 373,839,900.11 in the same period of 2020, indicating improved cash generation[24]. - Net cash flow from operating activities was -182,173,551.38 RMB, compared to -18,474,719.37 RMB in the previous period, indicating a significant decline[25]. - Total cash inflow from financing activities was 472,388,899.11 RMB, with a net cash flow of 142,824,112.56 RMB, up from 29,405,500.00 RMB in the previous period[26]. Operational Costs and Expenses - The company’s management expenses rose by 33.27%, driven by increased personnel costs and rental expenses[10]. - Total operating costs for the first three quarters of 2021 were CNY 469,386,749.03, down from CNY 485,925,185.94 in 2020, reflecting a cost reduction strategy[21]. - The company incurred a financial expense of CNY 7,023,081.12 in the first three quarters of 2021, down from CNY 9,962,783.67 in the same period of 2020, reflecting effective cost management[21]. Contractual Obligations - The company reported a significant increase in contract assets by 66.74%, attributed to uncompleted construction contracts[10]. - The company’s contract liabilities increased to CNY 25,253,128.65 in Q3 2021 from CNY 12,455,882.11 in Q3 2020, suggesting growth in customer commitments[20]. Shareholder Structure - The number of ordinary shareholders at the end of the reporting period was 8,595[12]. - The company has established a consistent shareholder structure, with the top ten shareholders holding a combined 66.88% of the shares[14].

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 318,322,056.35, an increase of 81.22% compared to RMB 175,651,349.92 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was RMB 5,263,509.09, representing a growth of 33.32% from RMB 3,947,931.78 in the previous year[18]. - Basic earnings per share increased by 53.85% to RMB 0.0300 from RMB 0.0195 year-on-year[18]. - The net profit after deducting non-recurring gains and losses decreased by 18.80% to RMB 4,159,761.47 from RMB 5,122,758.58 in the same period last year[18]. - The company's total assets at the end of the reporting period were RMB 1,017,718,591.53, a decrease of 3.27% from RMB 1,052,163,403.74 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 4.06% to RMB 135,055,937.04 from RMB 129,789,750.63 at the end of the previous year[18]. - The net cash flow from operating activities was negative at RMB -48,303,066.07, compared to RMB -36,550,862.97 in the same period last year[18]. - The weighted average return on equity decreased to 3.97%, down 1.26 percentage points compared to the previous period[19]. - The return on equity after deducting non-recurring gains and losses fell to 3.15%, a decrease of 3.64 percentage points[19]. - The company reported a total of 5,263,509.09 in comprehensive income for the period[117]. Business Operations - The company continues to expand its two main businesses: advertising media and construction decoration, while also managing office building rental operations[21]. - The advertising media business aims to become a leading service provider in China, offering comprehensive marketing solutions including brand, content, digital, and media marketing[22]. - The construction decoration business has expanded its project types to include medical and hotel construction, in addition to residential and public building projects[22]. - The company has received multiple awards for its advertising services, including the IAI International Advertising Award and the Golden Award at the Golden Investment Awards[26]. - The company is actively pursuing new marketing strategies such as short video marketing and live-streaming e-commerce to drive future revenue growth[26]. - The advertising media business expanded its client base, focusing on automotive, real estate, gaming, and fast-moving consumer goods sectors[29]. - The company successfully secured contracts for medical and hotel renovation projects, enhancing its construction and decoration business capabilities[29]. Financial Health - The company's total liabilities were 862,354,500 RMB, down by 4.41% year-on-year[31]. - The asset-liability ratio stood at 84.73%, with equity attributable to shareholders increasing by 4.06% to 135,055,900 RMB[31]. - The company raised approximately 480 million RMB through a private placement to enhance liquidity and repay interest-bearing debts[30]. - The company has no outstanding guarantees to shareholders or related parties, ensuring a stable financial position[75]. - The company’s total liabilities decreased by RMB 23.734 million during the reporting period, reflecting improved financial health[71]. - The company’s total equity at the end of the reporting period was RMB 100,759 million, with an unallocated profit of RMB 6,696.6 million[135]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company faced market risks in advertising and construction sectors due to intense competition and economic fluctuations[45]. - The company highlighted the risk of reliance on major clients in its advertising and construction businesses[48]. - The company is actively monitoring accounts receivable to mitigate collection risks[47]. - The company has committed to avoiding any direct or indirect competition with its listed business and will notify the company of any potential conflicts arising from business opportunities[58]. Corporate Governance - The company has established a flexible talent recruitment and training mechanism to attract top industry talent, enhancing its competitive edge[26]. - The company has committed to fulfilling any measures related to compensation for losses caused by non-compliance with its commitments[63]. - The company has pledged to ensure that any related party transactions are conducted at market prices and in compliance with relevant laws and regulations[60]. - The company guarantees the independence of its financial accounting department and financial management system[61]. - The company supports the independent operation of the board of directors and supervisory board of the listed company[61]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,112[85]. - The top ten shareholders hold a combined total of 87,239,740 shares, representing 33.23% of the total shares post-issuance[88]. - The largest shareholder, Shenzhen Qianhai Paide Gao Sheng Investment Partnership, holds 27,164,647 shares, accounting for 13.42% of total shares[87]. - The company’s board member Chen Fuxing acquired 24,100 shares during the reporting period through secondary market purchases[89]. Future Outlook - The company plans to focus on expanding its market presence and developing new products in the upcoming quarters[130]. - The company is exploring potential mergers and acquisitions to strengthen its market position and drive future growth[130]. - The company has initiated new strategies to enhance operational efficiency and reduce costs moving forward[130].

证券代码：600234 证券简称：山水文化 编号：临 2021--024 山西广和山水文化传播股份有限公司 关于参加山西辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 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 活动时间：2021 年 6 月 22 日（星期二）15:00-17:00 活动方式：网络互动 投资者可登录"全景∙路演天下"网站（http://rs.p5w.net） 参与互动交流。 2021 年 3 月 26 日，山西广和山水文化传播股份有限公司（以下 简称"公司"）披露了《2020 年年度报告》。为进一步贯彻落实《国 务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作 的意见》（国发办[2013]110 号），切实保障投资者合法权益，根据中 国证券监督管理委员会山西监管局及山西省上市公司协会的组织和 安排，公司将于 2021 年 6 月 22 日（星期二）15:00-17:00 参加"山 西辖区上市公司2021 年度投资者网上集体接待日"活动，就公司2020 年年报、 ...

Financial Performance - Operating revenue increased by 89.88% to CNY 131,350,493.88 compared to the same period last year[5] - Net profit attributable to shareholders increased by 81.80% to CNY 4,693,170.70 compared to the same period last year[5] - Total revenue for Q1 2021 reached ¥131,350,493.88, a significant increase of 90.0% compared to ¥69,177,293.29 in Q1 2020[22] - Operating profit for Q1 2021 was ¥6,429,254.57, up from ¥3,885,521.20 in Q1 2020, reflecting a growth of 65.8%[23] - Net profit for Q1 2021 was ¥4,679,711.65, compared to ¥2,762,482.63 in Q1 2020, representing an increase of 69.3%[24] - The company reported a net loss of 410,821,727.27 CNY as of March 31, 2021, slightly improved from a loss of 415,517,575.29 CNY at the end of 2020[16] Assets and Liabilities - Total assets decreased by 6.82% to CNY 980,457,807.30 compared to the end of the previous year[5] - Total assets as of Q1 2021 amounted to ¥570,588,116.69, up from ¥568,176,690.56 at the end of Q1 2020[20] - Current liabilities totaled 718,123,666.61 CNY, down from 804,691,267.94 CNY at the end of 2020, indicating improved liquidity[15] - Total liabilities increased to ¥488,580,824.81 in Q1 2021 from ¥485,001,439.62 in Q1 2020[20] - Total liabilities rose from 902,138,584.37 RMB to 911,617,509.81 RMB, an increase of about 1.32%[39] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 42,811,089.51, worsening from a net outflow of CNY 21,143,508.88 in the previous year[5] - The cash flow from operating activities for Q1 2021 was -¥42,811,089.51, worsening from -¥21,143,508.88 in Q1 2020[31] - The company reported a cash outflow from financing activities of -¥1,321,807.00 in Q1 2021, with no cash inflow reported[32] - The company’s cash flow management is reflected in the short-term borrowings and accounts payable figures, indicating liquidity management strategies[41] Shareholder Information - The number of shareholders reached 7,498 at the end of the reporting period[6] - Following the private placement, the controlling shareholder will hold 33.23% of the total shares post-issuance, increasing the company's financial strength and reducing the debt-to-asset ratio[9] Management and Expenses - Management expenses rose by 41.53% to CNY 8,143,933.18 due to increased business activities and personnel[8] - The total operating costs for Q1 2021 were ¥127,189,524.24, up from ¥64,625,200.37 in Q1 2020, reflecting an increase of 96.7%[22] - The management expenses for Q1 2021 were ¥1,024,981.86, up from ¥858,228.50 in Q1 2020, reflecting a 19.4% increase[27] Fundraising and Financial Strategy - The company plans to issue up to 60,075,093 shares at a price of 7.99 CNY per share, raising a total of no more than 480 million CNY to supplement working capital and repay interest-bearing debts[9] - The issuance of new shares is expected to significantly enhance the company's cash flow and reduce interest expenses, thereby improving profitability[10] - The company aims to strengthen its asset-liability structure and enhance its overall risk resistance capabilities through the planned fundraising[10] Equity and Shareholder's Equity - The total equity attributable to shareholders decreased to ¥82,007,291.88 in Q1 2021 from ¥83,175,250.94 in Q1 2020[20] - Shareholders' equity stood at $83.18 million, reflecting a slight decrease in retained earnings to -$460.86 million[42]