证券代码：600556 证券简称：天下秀 公告编号：临 2023-036 天下秀数字科技（集团）股份有限公司 关于召开 2022 年度利润分配暨业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 一、说明会类型 天下秀数字科技（集团）股份有限公司（以下简称"公司"）于2023年4月 25日披露了《2022年年度报告》及2022年度利润分配预案。具体内容详见同日 刊登在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体上的相关 公告。 根据《上海证券交易所上市公司自律监管指引第1号——规范运作》等相关 规定，为使广大投资者更加全面、深入地了解公司情况，公司拟通过网络平台 交流互动的方式举行"2022年度利润分配暨业绩说明会"。 二、说明会具体安排 公司将于 2023 年 5 月 11 日（星期四）15:00-16:00，通过中国证券网路演 中心（http://roadshow.cnstock.com/）以网络平台交流互动方式召开"2022 年度 利润分配暨业绩说明会"。 三、公司出 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,018,077,724.64, representing a decrease of 7.47% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥34,948,833.21, down 19.53% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥32,920,416.37, a significant decline of 71.55% compared to the previous year[7]. - Basic earnings per share for Q3 2022 were ¥0.0193, reflecting a decrease of 19.53% year-on-year[10]. - Total operating revenue for the first three quarters of 2022 was approximately $3.11 billion, a decrease of 4.4% compared to $3.25 billion in the same period of 2021[34]. - Net profit for the first three quarters of 2022 was approximately $184.14 million, down 24.6% from $244.04 million in the same period of 2021[37]. - The total comprehensive income for the first three quarters of 2022 was approximately $184.49 million, compared to $244.04 million in the previous year, reflecting a decrease of 24.5%[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,111,310,556.45, an increase of 2.17% from the end of the previous year[10]. - The company's current assets totaled RMB 4,250,189,163.49, down from RMB 4,438,264,993.13 in the previous year, indicating a decrease of about 4.23%[26]. - The company's total liabilities were RMB 1,342,271,049.95, a slight decrease from RMB 1,385,038,438.26, representing a reduction of approximately 3.08%[29]. - The total non-current assets increased to RMB 861,121,392.96 from RMB 564,657,241.93, reflecting a growth of about 52.67%[28]. Shareholder Equity - The equity attributable to shareholders increased to ¥3,791,314,474.78, up 4.55% from the previous year[10]. - The equity attributable to shareholders increased to RMB 3,791,314,474.78 from RMB 3,626,473,445.66, marking an increase of about 4.55%[29]. - The company’s retained earnings increased to RMB 1,166,891,744.90 from RMB 1,001,876,404.10, representing a growth of approximately 16.43%[29]. Cash Flow - The company reported a net cash flow from operating activities of ¥32,911,096.32 for the year-to-date period[10]. - Cash flow from operating activities generated a net amount of approximately $32.91 million, a significant improvement compared to a net outflow of approximately $446.39 million in the previous year[41]. - Cash inflow from financing activities amounted to $383.68 million, significantly higher than $5.82 million in the previous period[44]. - Net cash flow from financing activities was $189.45 million, a recovery from a negative cash flow of -$68.83 million last year[44]. - The net increase in cash and cash equivalents was -$76.64 million, compared to a much larger decrease of -$655.39 million in the previous period[44]. - The ending balance of cash and cash equivalents was $1.36 billion, down from $1.50 billion at the end of the previous period[44]. Expenses - Total operating costs increased to approximately $2.98 billion, up 2.2% from $2.91 billion in the previous year[34]. - The company reported a significant increase in sales expenses, which rose to approximately $239.15 million, compared to $171.95 million in the previous year, reflecting a 39.0% increase[34]. - Research and development expenses were approximately $120.49 million, slightly up from $119.33 million in the same period last year[34]. - The company reported a tax expense of approximately $18.43 million, slightly down from $19.55 million in the same period of 2021[37]. Non-Recurring Items - Non-recurring gains and losses for Q3 2022 totaled ¥2,028,416.84, with a year-to-date total of ¥53,479,510.04[13]. - The decline in net profit was attributed to the impact of COVID-19 control measures, which reduced business expansion and increased execution costs[13]. - The company recorded an investment income of approximately $55.93 million, a turnaround from a loss of approximately $3.79 million in the same period of 2021[34].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-over-year growth of 15%[2]. - The company's operating revenue for the first half of 2022 was ¥2,088,202,071.73, a decrease of 2.90% compared to ¥2,150,547,024.08 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was ¥169,062,951.36, down 20.10% from ¥211,589,527.54 year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥117,611,858.16, a decline of 44.90% compared to ¥213,439,133.52 in the previous year[28]. - The company achieved revenue of RMB 2.088 billion in the first half of 2022, a year-on-year decrease of 2.90%[69]. - The net profit attributable to shareholders was RMB 169 million, down 20.10% year-on-year, while the net profit excluding non-recurring items was RMB 118 million, a decrease of 44.90%[81]. User Engagement and Market Expansion - User data showed a total of 5 million active users, an increase of 20% compared to the same period last year[2]. - The company is expanding its market presence in Southeast Asia, aiming for a 25% increase in market share by the end of 2023[2]. - The company is focusing on enhancing its digital marketing strategies and expanding its presence in the new media sector[19]. - The company aims to leverage big data and cloud computing to improve operational efficiency and customer engagement[20]. Product Development and Innovation - New product development includes the launch of an innovative digital marketing platform, expected to enhance user engagement by 30%[2]. - The company is investing 100 million RMB in research and development for new technologies in the digital advertising space[2]. - The company has launched new products such as the 3D virtual social software "Rainbow Universe" and the digital collectibles tool "TopHolder" to explore new business models[78]. - The company is actively exploring blockchain technology and innovative products for the Web3.0 era[57]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm was completed, which is projected to contribute an additional 200 million RMB in annual revenue[2]. - The company has established strategic partnerships with brands such as Lafite Group and Longfor Group to enhance digital technology in the real economy[57]. Financial Health and Assets - The total assets at the end of the reporting period were ¥5,114,939,676.61, reflecting a 2.24% increase from ¥5,002,922,235.06 at the end of the previous year[28]. - The net assets attributable to shareholders increased by 3.67% to ¥3,759,459,693.11 from ¥3,626,473,445.66 at the end of the previous year[28]. - Cash and cash equivalents at the end of the period amounted to ¥1,498,051,451.84, representing 29.29% of total assets, a decrease of 4.58% compared to the previous year[88]. - Accounts receivable reached ¥2,557,878,790.86, accounting for 50.01% of total assets, with a year-on-year increase of 6.14%[88]. Risks and Compliance - The company has identified potential risks in its innovative business model, emphasizing the need for careful monitoring of market trends[2]. - The company has made commitments to maintain the interests of all investors and actively address litigation issues arising from previous management's violations of information disclosure regulations[141]. - The company is currently involved in a significant lawsuit where it seeks 171,147,774.36 yuan from Shenzhen Rui Lai Jia Yu Investment Enterprise (Limited Partnership) and Zhang Fei for contractual disputes[146]. Shareholder and Governance - The company has committed to maintaining independent financial decision-making and operations, ensuring no interference from controlling shareholders[117]. - The company ensures the independence of its financial accounting department and management system, maintaining separate bank accounts and independent tax obligations[120]. - The number of ordinary shareholders at the end of the reporting period is 94,817[172]. - The largest shareholder, ShowWorld HongKong Limited, holds 332,615,750 shares, representing 18.40% of the total shares[173].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,159,143,711.10, representing a year-on-year increase of 36.16%[6] - The net profit attributable to shareholders was ¥93,183,257.94, reflecting a growth of 12.43% compared to the same period last year[6] - The net cash flow from operating activities reached ¥25,934,964.01, showing a significant increase of 125.42% year-on-year[6] - The basic earnings per share for the quarter was ¥0.0515, which is a 12.43% increase from the previous year[6] - Total operating revenue for Q1 2022 reached RMB 1,159,143,711.10, a significant increase from RMB 851,280,223.30 in Q1 2021, representing a growth of approximately 36.1%[32] - Net profit for Q1 2022 was RMB 88,267,629.00, up from RMB 79,927,172.29 in Q1 2021, indicating a growth of approximately 10.3%[34] - The total comprehensive income for Q1 2022 was RMB 88,265,487.47, compared to RMB 79,927,172.29 in Q1 2021, showing an increase of approximately 10.3%[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,895,014,239.66, a decrease of 2.16% from the end of the previous year[9] - As of March 31, 2022, the company's total current assets amounted to approximately RMB 4.27 billion, a decrease of 3.73% from RMB 4.44 billion on December 31, 2021[23] - The company's accounts receivable stood at approximately RMB 2.36 billion, down from RMB 2.41 billion, reflecting a decrease of about 2.23%[23] - Non-current assets totaled approximately RMB 621.82 million, an increase of 10.13% from RMB 564.66 million as of December 31, 2021[27] - The company's total liabilities were approximately RMB 1.19 billion, a decrease of 14.14% from RMB 1.39 billion[29] - The total assets decreased to approximately $3.67 billion from $3.71 billion, reflecting a reduction in overall asset base[48] Equity and Shareholder Information - The equity attributable to shareholders of the parent company increased to approximately RMB 3.72 billion, up from RMB 3.63 billion, reflecting an increase of about 2.93%[29] - The company's total equity was approximately RMB 3.71 billion, a slight increase from RMB 3.62 billion, reflecting a growth of about 2.45%[29] - The total number of ordinary shareholders at the end of the reporting period was 98,212[13] Expenses - The company increased its R&D expenses by 34.14%, focusing on projects like the WEIQ platform and Hong Universe[12] - Sales expenses grew by 50.73%, primarily due to increased personnel costs associated with business growth[12] - Total operating costs for Q1 2022 were RMB 1,070,364,935.02, compared to RMB 755,136,497.80 in Q1 2021, reflecting an increase of about 42.0%[32] - Research and development expenses for Q1 2022 totaled RMB 35,772,277.07, up from RMB 26,667,462.71 in Q1 2021, representing an increase of approximately 34.1%[32] - Sales expenses for Q1 2022 were RMB 80,724,199.55, compared to RMB 53,555,345.50 in Q1 2021, reflecting an increase of about 50.7%[32] Cash Flow - The net cash flow from operating activities for Q1 2022 was RMB 25,934,964.01, a turnaround from a negative cash flow of RMB -102,034,522.75 in Q1 2021[39] - The net cash flow from investing activities was -$89.38 million, compared to -$13.31 million in the previous period, indicating a significant increase in investment outflows[41] - The company's cash and cash equivalents decreased to approximately RMB 1.40 billion from RMB 1.57 billion, a decline of about 10.88%[23] - The company's cash and cash equivalents at the end of the period were approximately $1.34 billion, down from $2.04 billion at the end of the previous period[41] - The net increase in cash and cash equivalents was -$92.74 million, compared to -$112.82 million in the previous period, showing an improvement in cash flow management[41] Financial Challenges - The company reported a decrease in financial income, leading to a 42.96% rise in financial expenses[12] - The company experienced a credit impairment loss of RMB 5,723,681.74 in Q1 2022, compared to a gain of RMB -1,821,375.33 in Q1 2021[32] - The company reported a net loss in cash flow from financing activities of -$29.30 million, compared to a net inflow of $2.26 million in the previous period[41] - The total comprehensive income for Q1 2022 was -CNY 24,107,166.31, reflecting the overall financial challenges faced by the company[56]

Financial Performance - The company's revenue for 2021 reached ¥4,511,671,894.60, representing a 47.42% increase compared to ¥3,060,400,429.85 in 2020[36]. - The net profit attributable to shareholders for 2021 was ¥354,286,196.62, a 19.90% increase from ¥295,484,987.90 in 2020[36]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥420,488,464.53, up 12.66% from ¥373,243,074.25 in 2020[36]. - The company's total assets as of the end of 2021 were ¥5,002,922,235.06, an 18.21% increase from ¥4,232,267,000.88 at the end of 2020[36]. - The net assets attributable to shareholders increased by 9.83% to ¥3,626,473,445.66 at the end of 2021, compared to ¥3,301,940,931.28 at the end of 2020[36]. - The net cash flow from operating activities for 2021 was -¥437,586,491.90, a decline of 38.59% from -¥315,745,589.13 in 2020[36]. - The company achieved operating revenue of RMB 4.51 billion, a year-on-year increase of 47.4%[126]. - Net profit attributable to shareholders reached RMB 350 million, up 19.9% year-on-year, while the net profit excluding non-recurring gains and losses was RMB 420 million, reflecting a 12.7% increase[126]. - The compound annual growth rate (CAGR) of revenue over the past five years is 57.7%, and the CAGR of net profit excluding non-recurring gains and losses is 43.2%[126]. Dividend and Audit - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares, totaling 36,154,952.84 CNY (including tax) for the year 2021[9]. - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[8]. - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[7]. - The company has confirmed that all financial reports are true, accurate, and complete as stated by its responsible personnel[8]. Risks and Cautions - The company acknowledges potential risks in its innovative business model and profitability, urging investors to be cautious[10]. - The company emphasizes that forward-looking statements regarding industry trends and future plans do not constitute a commitment to investors[10]. - The company has outlined its future development risks in detail within the annual report[11]. - The company faces risks from macroeconomic changes that could impact merchant spending, directly affecting revenue growth[190]. - The company is exposed to regulatory risks as the influencer marketing industry evolves, which may affect compliance and operational conditions[190]. - The company acknowledges the competitive landscape in the influencer marketing sector, emphasizing the need to maintain core competitive advantages to avoid negative impacts on performance[193]. Market and Business Strategy - The company is focusing on expanding its market presence and enhancing its digital marketing strategies[24]. - Future outlook includes the development of new products and technologies to improve user engagement and revenue streams[24]. - The company aims to leverage big data and cloud computing to optimize its marketing services and enhance customer experience[24]. - The management is exploring potential mergers and acquisitions to accelerate growth and market expansion[24]. - The company aims to enhance its data-driven services for brands and creators, focusing on the construction of a red influencer economy ecosystem based on Web2.0[184]. - The company plans to explore blockchain and other cutting-edge technologies to address the pain points of creator economy, particularly in intellectual property protection and commercial value enhancement[184]. - The company is committed to building a comprehensive influencer marketing supply chain to achieve fair value distribution and higher commercial efficiency among enterprises, influencers, platforms, and consumers[183]. Research and Development - The company invested RMB 130 million in R&D during the reporting period, a 73.3% increase compared to the previous year[52]. - The company has seen continuous growth in R&D investment, focusing on innovative data products and business models to enhance the monetization of influencer traffic[116]. - The total R&D investment reached 135,439,338.60 yuan, representing 3.00% of operating revenue, with capitalized R&D accounting for 4.41%[149]. - The number of R&D personnel was 532, making up 28.22% of the total workforce, with 330 individuals under 30 years old[152]. Customer and Market Engagement - The number of registered merchant customers on the WEIQ platform reached 179,412, an increase of 12,683 from the previous year[54]. - The active merchant customer count on the WEIQ platform was 7,918, with brand customer retention rate at 79.6%, up from 78.0% in 2020[54]. - 79.6% of retained customers increased their spending by 39.3% year-on-year, with 81.2% of revenue coming from existing customers[56]. - The company serves a diverse client base, including Fortune 500 brands and SMEs, achieving high customer retention and satisfaction rates[120]. Technology and Innovation - The company launched innovative data products such as WEIQ-SaaS and customized KOL demand management systems to enhance operational efficiency[70]. - The WEIQ platform utilizes big data analysis to evaluate influencer accounts, improving marketing efficiency and helping influencers monetize their value[119]. - The company is actively exploring blockchain technology and Web3.0 innovations, aiming to create a decentralized creator economy ecosystem[115]. Corporate Governance - The company has continuously improved its corporate governance structure in accordance with the latest requirements of the Company Law and the Securities Law[200]. - The board of directors and senior management have maintained effective communication channels to protect the interests of shareholders and stakeholders[200]. - There are no significant discrepancies between the company's governance practices and the regulations set by the China Securities Regulatory Commission[200].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,100,233,956.41, representing a year-on-year increase of 21.69%[7] - The net profit attributable to shareholders for Q3 2021 was ¥43,430,473.86, a decrease of 61.11% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥115,713,140.36, reflecting a year-on-year increase of 2.56%[7] - The basic earnings per share for Q3 2021 was ¥0.0240, down 63.86% from the previous year[9] - Total operating revenue for the first three quarters of 2021 reached ¥3,250,780,980.49, a significant increase of 46.2% compared to ¥2,224,330,411.69 in the same period of 2020[36] - Net profit for the first three quarters of 2021 was ¥244,043,172.77, slightly down by 1.2% from ¥247,014,524.72 in 2020[39] - Basic earnings per share for the first three quarters of 2021 was ¥0.1411, compared to ¥0.1471 in the same period last year[41] - The company reported a profit before tax of ¥263,594,579.76, down from ¥272,988,987.31 in the previous year[39] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥4,536,965,278.30, an increase of 7.20% compared to the end of the previous year[9] - As of September 30, 2021, the total current assets amounted to RMB 4,197,846,685.86, an increase from RMB 4,044,313,438.33 as of December 31, 2020, reflecting a growth of approximately 3.8%[26] - The total assets of the company reached RMB 4,536,965,278.30, up from RMB 4,232,267,000.88, indicating an increase of around 7.2%[30] - The total liabilities rose to RMB 1,014,767,663.39 from RMB 930,280,497.41, which is an increase of about 9.1%[32] - The company's equity attributable to shareholders increased to RMB 3,527,313,871.35 from RMB 3,301,940,931.28, reflecting a growth of approximately 6.8%[32] - The company’s total liabilities to equity ratio stands at approximately 28.8%, indicating a relatively stable leverage position[32] Cash Flow - The company reported a cash flow from operating activities of -¥446,386,624.51 for the year-to-date period[9] - Cash flow from operating activities totaled ¥2,936,169,991.43, an increase from ¥1,576,080,128.44 in the previous year[43] - The net cash flow from operating activities was -446,386,624.51, compared to -331,143,417.03 in the previous period, indicating a decline in operational performance[46] - Total cash outflow from operating activities amounted to 3,382,556,615.94, up from 1,907,223,545.47, reflecting increased operational expenses[46] - Cash flow from investing activities showed a net outflow of -138,791,977.85, compared to -12,352,825.16 previously, highlighting increased investment expenditures[46] - Cash inflow from financing activities was 5,815,000.00, significantly lower than 2,070,921,994.67 in the prior period, indicating reduced capital raising efforts[46] - The net cash flow from financing activities was -68,832,061.33, a stark contrast to the previous period's inflow of 1,603,734,365.50, suggesting challenges in financing[46] - The net increase in cash and cash equivalents was -655,389,915.31, down from an increase of 1,263,366,466.89, reflecting overall cash management challenges[47] - The ending balance of cash and cash equivalents stood at 1,501,531,865.33, a decrease from 2,286,330,412.61 in the previous period, indicating liquidity constraints[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,744[18] - The largest shareholder, ShowWorld HongKong Limited, held 332,615,750 shares, representing 18.40% of the total shares[19] Research and Development - The company has invested RMB 23,479,998.90 in development expenditures, up from RMB 8,169,146.66, indicating a significant increase in R&D efforts[30] - Research and development expenses rose to ¥119,325,251.70, up 82.7% from ¥65,366,191.24 in 2020[36] Expenses - Total operating costs increased to ¥2,911,027,150.86, up 51.8% from ¥1,918,943,795.65 year-over-year[36] - Sales expenses increased to ¥171,953,193.25, compared to ¥87,531,775.69 in the same period last year, reflecting a growth of 96.3%[36] - The company experienced a net investment loss of ¥3,790,584.10, an improvement from a loss of ¥7,274,419.16 in the same period of 2020[36] - Tax expenses decreased to ¥19,551,406.99 from ¥25,974,462.59 year-over-year, indicating a reduction of 24.7%[39] - The company reported a significant increase in cash payments to employees, totaling 284,531,458.35, compared to 156,113,939.66 previously, reflecting higher labor costs[46] - Tax payments increased to 103,798,646.57 from 70,407,597.40, indicating a rise in tax liabilities[46]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[2] - The company's operating revenue for the first half of 2021 reached ¥2,150,547,024.08, representing a 62.89% increase compared to ¥1,320,207,038.18 in the same period last year[28] - The net profit attributable to shareholders of the listed company was ¥211,589,527.54, up 56.08% from ¥135,566,750.09 in the previous year[28] - The net profit after deducting non-recurring gains and losses was ¥213,439,133.52, which is a 41.22% increase from ¥151,135,958.84 year-on-year[28] - The company achieved a revenue of RMB 2.151 billion in the first half of 2021, representing a year-on-year growth of 62.89%[104] - The revenue from the influencer marketing platform business was ¥2.058 billion, representing a year-on-year growth of 59.86%[115] - The revenue from the innovative business segment of the influencer economy ecosystem was ¥0.93 billion, showing a significant year-on-year increase of 180.02%[115] User Growth and Market Expansion - User data showed an increase in active users to 50 million, up 20% compared to the same period last year[2] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2022[2] - The company anticipates continued market expansion in the influencer economy, driven by the integration of various social platforms[42] - The company is investing in R&D for new technologies, with a budget allocation of $50 million for the upcoming year[147] - Market expansion efforts include entering three new international markets, aiming for a 10% market share within the first year[150] Strategic Initiatives and Investments - Investment in new technology development reached 200 million RMB, focusing on enhancing digital marketing capabilities[2] - A strategic acquisition of a local tech firm was completed, expected to contribute an additional 100 million RMB in annual revenue[2] - The company has launched a new advertising platform, projected to generate 300 million RMB in revenue within the first year[2] - The company has committed to maintaining a clear separation from its parent company to avoid conflicts of interest[149] - The company plans to pursue strategic acquisitions to enhance its product offerings, targeting companies with complementary technologies[151] Financial Health and Risks - The net cash flow from operating activities was negative at -¥336,248,365.96, compared to -¥51,898,453.85 in the same period last year, indicating a significant decline of 547.90%[28] - The company has identified potential risks related to regulatory changes in the digital advertising space[2] - The company faces risks related to macroeconomic changes, regulatory requirements, and market competition, which could impact revenue growth[128] - The company is at risk of losing core personnel if it fails to maintain effective incentive mechanisms[131] - The company anticipates an increase in human resource costs due to competition for skilled professionals in the internet industry[131] Innovation and Technology - The company has established a big data platform connecting influencers and merchants, enhancing marketing efficiency and reducing costs through data-driven matching[44] - The WEIQ platform offers a one-stop intelligent marketing service, allowing merchants to filter influencer accounts based on various metrics and track promotional data in real-time[47] - The company has developed a proprietary KOL data monitoring system, enabling brands to analyze project history, advertising effectiveness, and supplier collaboration[82] - The company has implemented a data management center to ensure the security and reliability of its data resources[131] - The company continues to invest in R&D to innovate data products and business models, solidifying its position in the industry chain[103] Legal and Compliance Issues - The company is involved in a significant lawsuit where it is being sued for 133.5 million yuan by Shanghai Hanhui Investment Co., Ltd. for economic losses related to unreturned investment funds[176] - Another lawsuit involves a claim of 67.8629 million yuan by Beijing Ruierdejia Venture Capital Management Co., Ltd. against the company for debt repayment obligations[176] - The company has committed to actively addressing litigation and disputes arising from information disclosure violations and internal control issues during the control period of Gu Guoping and Xian Yan, ensuring investor rights are protected[173] - The company has not reported any non-operating fund occupation or guarantee violations during the reporting period[176] - The company has received commitments from its former controlling shareholder to bear all responsibilities for losses incurred during the previous control period[180]

Financial Performance - The company's revenue for 2020 reached ¥3,060,400,429.85, representing a 54.78% increase compared to ¥1,977,308,254.83 in 2019[24]. - Net profit attributable to shareholders for 2020 was ¥295,484,987.90, a 14.26% increase from ¥258,596,890.19 in 2019[24]. - The net profit after deducting non-recurring gains and losses was ¥373,243,074.25, up 47.80% from ¥252,536,107.85 in 2019[24]. - The total assets of the company increased to ¥4,232,267,000.88 in 2020, a 112.92% rise from ¥1,987,742,624.74 in 2019[24]. - The net assets attributable to shareholders reached ¥3,301,940,931.28, marking a 242.72% increase compared to ¥963,454,541.69 in 2019[24]. - Basic earnings per share for 2020 were ¥0.17, a decrease of 10.52% from ¥0.19 in 2019[25]. - The weighted average return on equity was 18.35% in 2020, slightly down from 18.45% in 2019[25]. - The company reported a net cash flow from operating activities of -¥315,745,589.13 in 2020, worsening from -¥137,462,057.96 in 2019[24]. - The company achieved operating revenue of RMB 3.06 billion, a year-on-year increase of 54.78%[64]. - Net profit attributable to shareholders reached RMB 295 million, with a year-on-year growth of 14.26%[64]. Dividend Distribution - The company plans to distribute a cash dividend of 0.164 CNY per 10 shares, totaling 29,647,061.33 CNY (including tax) based on a total share capital of 1,807,747,642 shares as of December 31, 2020[5]. - The company has committed to maintaining a stable and sustainable dividend policy to protect the interests of all shareholders[129]. - The company reported a cash dividend of RMB 0.154 per share for 2019, with a payout ratio of 10.01%[131]. - The company has established a profit distribution policy aimed at enhancing transparency and ensuring reasonable returns for investors while considering sustainable development[129]. Audit and Compliance - The company received a standard unqualified audit report from Zhonghui Certified Public Accountants[4]. - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has not faced a situation where more than half of the directors cannot ensure the authenticity of the annual report[7]. Business Strategy and Development - The report includes a comprehensive discussion on the company's future development strategies and market expansion plans[9]. - The company aims to enhance marketing efficiency and reduce costs for businesses through its comprehensive influencer marketing services[38]. - The company has established a comprehensive influencer marketing supply chain platform, connecting brands, merchants, and influencers through big data technology[107]. - The company aims to serve 20 million merchants, 9 million influencers, and 20,000 MCN institutions, significantly increasing from the current 160,000 merchants and 150,000 influencers[115]. - The company is focused on building a decentralized infrastructure for the influencer economy, leveraging technology to enhance efficiency and value distribution[114]. Market and Industry Insights - The total number of internet users in China reached 989 million by the end of 2020, with an internet penetration rate of 70.4%[35]. - The number of MCN (Multi-Channel Network) agencies in China surpassed 20,000, with 9 million influencers having over 10,000 followers each[35]. - The influencer economy market size exceeded 3.5 trillion RMB in 2019, with a growth rate of 24.3%, and is expected to surpass 6 trillion RMB by 2023[108]. - Over 80% of brand owners plan to increase their investment in influencer marketing[110]. Legal and Regulatory Matters - The company has reported no significant litigation or arbitration matters for the year, indicating a stable legal standing[165]. - The company is involved in 335 litigation cases, with a total claimed amount of 1,365.25 million yuan, and has settled 169 cases with a compensation amount of 5.4003 million yuan[167]. - The company has a commitment from its former controlling shareholder to bear all losses incurred due to guarantees provided without proper approval, with a commitment expiration date of December 12, 2021[174]. - The company has committed to taking effective measures to eliminate risks associated with any guarantees that may pose a threat to shareholders[157]. Related Party Transactions - The total amount of transactions with related parties for purchasing goods and services was 169.92 million yuan, while sales to related parties amounted to 207.74 million yuan in 2020[177]. - The company’s actual control person, Sina Group, was involved in transactions totaling 162.35 million yuan for purchases and 161.41 million yuan for sales[177]. - The company’s board meetings and shareholder meetings in 2020 approved various related party transactions, ensuring compliance with regulatory requirements[177]. Research and Development - Research and development expenses increased by 40.40% to RMB 74.72 million, reflecting a focus on new projects[82]. - The total R&D investment amounted to 84.81 million yuan, representing 2.77% of operating revenue, with 301 R&D personnel making up 22.31% of the total workforce[92]. - The company’s innovative capabilities are reflected in its continuous investment in R&D and the development of intelligent solutions for brands and small businesses[58]. Financial Stability and Capital Structure - The company's asset-liability ratio for 2020 was 21.98%, a decrease of 28.63 percentage points from 50.61% in 2019, indicating improved financial stability[199]. - The total assets and net asset scale increased following the private placement of shares, providing a solid foundation for business expansion[199]. - The company’s cash and cash equivalents at the end of the period were 2.29 billion yuan, accounting for 54.20% of total assets, a significant increase due to funds raised from a private placement[98]. Future Commitments and Performance Targets - The company committed to achieving net profits of no less than 245 million, 335 million, and 435 million for the years 2019, 2020, and 2021 respectively, as per the profit compensation agreement[150]. - The company achieved a net profit of 373.24 million RMB for the year 2020, fulfilling its performance commitment of not less than 335 million RMB[160]. - The company has set ambitious performance targets for the upcoming year, aiming for a significant increase in total assets under management[192].

Financial Performance - Operating revenue for the period reached approximately ¥851.28 million, representing an increase of 58.73% year-on-year[12] - Net profit attributable to shareholders was approximately ¥82.88 million, up 48.46% from the same period last year[12] - Basic and diluted earnings per share were both ¥0.05, an increase of 66.67% compared to ¥0.03 in the previous year[15] - The total comprehensive income attributable to the parent company was CNY 82,883,558.91, compared to CNY 55,830,221.83 in the same period last year, reflecting an increase[50] - Net profit for Q1 2021 reached $79.93 million, compared to $55.81 million in Q1 2020, reflecting a 43.3% increase[47] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥4.19 billion, a decrease of 0.98% compared to the end of the previous year[12] - Total assets decreased from CNY 4,232,267,000.88 at the end of 2020 to CNY 4,190,676,431.36, a decline of about 0.98%[35] - Total liabilities decreased from CNY 930,280,497.41 to CNY 814,215,917.29, reflecting a reduction of approximately 12.5%[35] - The company's total assets decreased from $3.73 billion to $3.64 billion, a decline of approximately 2.4%[40] - Total liabilities decreased from $690.46 million to $606.62 million, a reduction of about 12.1%[40] Cash Flow - Net cash flow from operating activities was negative at approximately -¥102.03 million, a decline of 124.22% year-on-year[12] - Cash inflow from operating activities totaled CNY 792,465,309.17, compared to CNY 417,769,714.56 in Q1 2020[55] - Cash outflow from operating activities was CNY 894,499,831.92, up from CNY 463,275,329.45 in the previous year[55] - The net cash flow from operating activities was a negative CNY 102,034,522.75, compared to a negative CNY 45,505,614.89 in Q1 2020[55] - The ending cash and cash equivalents balance for Q1 2021 was ¥92,138,785.89, down from ¥219,236,442.72 in Q1 2020[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,976[19] - The largest shareholder, Show World Hongkong Limited, held 332,615,750 shares, accounting for 18.40% of total shares[19] Research and Development - R&D expenses rose as the company increased investment in projects such as the WEIQ platform and the Heatwave big data analysis platform[25] - Research and development expenses for Q1 2021 amounted to $26.67 million, a 64.3% increase from $16.24 million in Q1 2020[45] - Research and development expenses for Q1 2021 were CNY 10,450,142.37, down from CNY 16,093,166.66 in Q1 2020[50] Operational Challenges - Operating costs increased due to higher media resource procurement costs, following the growth in business scale[25] - Operating profit for Q1 2021 was a loss of CNY 8,912,738.44, compared to a loss of CNY 3,818,723.47 in Q1 2020[52] - Net profit for Q1 2021 was a loss of CNY 7,283,702.66, worsening from a loss of CNY 3,346,195.88 in the same quarter last year[52] - The company reported a gross profit margin of approximately 11.3% for Q1 2021, compared to 10.5% in Q1 2020[45] Future Outlook - The company has not disclosed specific future outlooks or new product developments in this report[12] - The company plans to continue focusing on expanding its business and enhancing its technological capabilities through increased R&D investment[25]

Financial Performance - Operating revenue for the first nine months was RMB 2,224,330,411.69, representing a 62.37% increase compared to the same period last year[19] - Net profit attributable to shareholders of the listed company was RMB 247,228,663.87, up 37.85% year-on-year[19] - The company reported a net profit of ¥632,632,091.50, up from ¥411,281,900.48, representing a growth of about 54.7%[45] - Total operating revenue for Q3 2020 reached ¥904,123,373.51, a 57.3% increase from ¥574,633,917.14 in Q3 2019[50] - Net profit for Q3 2020 was ¥111,519,268.43, representing a 34.5% increase compared to ¥82,875,127.07 in Q3 2019[53] - The company reported a total profit of ¥122,838,096.26 for Q3 2020, up from ¥105,171,889.31 in Q3 2019[53] Assets and Liabilities - Total assets reached RMB 4,089,084,363.77, an increase of 105.71% compared to the end of the previous year[19] - Total liabilities decreased to ¥831,747,406.74 from ¥1,022,913,584.22, a reduction of about 18.7%[43] - Current assets totaled ¥3,990,414,022.81, compared to ¥1,897,878,940.21, indicating an increase of about 109.5%[40] - Total liabilities decreased to ¥715,699,764.43 from ¥1,023,033,615.87 year-over-year[50] - Total assets increased to ¥3,780,406,501.01 from ¥2,063,982,586.34 year-over-year[50] Shareholder Equity - Net assets attributable to shareholders of the listed company amounted to RMB 3,256,684,607.25, reflecting a growth of 238.02% year-on-year[19] - Shareholders' equity rose significantly to ¥3,257,336,957.03, compared to ¥964,829,040.52, marking an increase of approximately 237.5%[45] - Total equity increased significantly to ¥3,064,706,736.58 from ¥1,040,948,970.47 year-over-year[50] Cash Flow - Net cash flow from operating activities for the first nine months was negative RMB 331,143,417.03, a decline of 222.97% year-on-year[19] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥331,143,417.03, worsening from -¥102,529,650.01 in the same period of 2019[66] - The total cash inflow from operating activities for the first three quarters of 2020 was ¥1,576,080,128.44, compared to ¥1,073,901,701.03 in the same period of 2019, showing an increase of approximately 46.8%[66] Investment and Financing - The total amount of funds raised from the non-public offering was approximately ¥2.12 billion, with a net amount of ¥2.07 billion after deducting related issuance costs of ¥48.12 million[33] - The company raised 2,070,921,994.67 RMB from financing activities, significantly up from 449,524,177.63 RMB in the previous year[73] - The net cash flow from financing activities was 1,603,734,365.50 RMB, compared to 447,724,177.63 RMB in the previous year, showing a substantial increase[73] Research and Development - Research and development expenses increased as a result of the company's intensified investment in R&D, although exact figures were not provided[30] - R&D expenses for Q3 2020 amounted to ¥17,290,020.27, a 6.3% increase from ¥16,260,703.64 in Q3 2019[53] Shareholder Information - The top ten shareholders held a combined 58.93% of the shares, with ShowWorld HongKong Limited being the largest shareholder at 18.40%[2] Other Financial Metrics - Basic and diluted earnings per share were both RMB 0.1471, a 6.52% increase compared to the same period last year[21] - The weighted average return on net assets increased to 22.99%, up 8.63 percentage points from the previous year[21] - The company reported a loss of RMB 2,433,962.27 from non-operating activities for the current period[24] - The company experienced an increase in inventory due to the addition of e-commerce business stock, although specific inventory figures were not mentioned[30]