Financial Performance - The company's operating revenue for 2022 was CNY 799.73 million, representing a 3.05% increase compared to CNY 776.09 million in 2021[21]. - The net profit attributable to shareholders of the listed company for 2022 was a loss of CNY 1.27 billion, compared to a loss of CNY 718.01 million in 2021[21]. - The net cash flow from operating activities decreased by 42.46% to CNY 74.11 million in 2022 from CNY 128.81 million in 2021[22]. - The total assets at the end of 2022 were CNY 5.02 billion, a decrease of 30.43% from CNY 7.22 billion at the end of 2021[22]. - The net assets attributable to shareholders of the listed company decreased by 60.97% to CNY 834.89 million at the end of 2022 from CNY 2.14 billion at the end of 2021[22]. - The company reported a net loss of CNY 12.73 billion in 2022, compared to a loss of CNY 7.18 billion in 2021, indicating a significant decline in financial performance[24]. - Basic and diluted earnings per share were both CNY -0.69 in 2022, worsening from CNY -0.39 in 2021[23]. - The weighted average return on equity was -84.67% in 2022, a decline from -27.81% in 2021[23]. Revenue Sources - The company’s franchise business saw significant revenue growth due to the successful hosting of the Beijing Winter Olympics[24]. - The gaming business showed signs of recovery with the mobile game "Attack City" entering a stable phase, contributing positively to profitability[24]. - The company achieved a total revenue of 86.93 million CNY from the sales of 58 licensed Winter Olympic products, with a profit of 17.29 million CNY after a cost of 69.64 million CNY[44]. - The company’s game business revenue increased by 50.63% year-on-year, attributed to the stable performance of the mobile game "Attack City" since its launch in April 2021[75]. - The company's cultural business revenue surged by 123.35% year-on-year, benefiting from the performance of the licensing business linked to the Winter Olympics[75]. Cinema Operations - In 2022, the company's cinema business achieved a total of 5.4414 million moviegoers and a total box office of 236 million yuan, accounting for 0.79% of the national box office, ranking 16th in the industry by box office revenue[35]. - The company closed 26 cinemas with poor operational efficiency and future potential, reducing losses through negotiations for rent reductions and cost controls[35]. - The cinema film screening and related derivative business reported revenue of ¥254,033,738.47, with a gross margin of -84.23%, reflecting a year-over-year revenue decrease of 45.45%[77]. - The film investment, production, and distribution segment generated revenue of ¥193,950,978.09, achieving a gross margin of 7.29%, with a significant year-over-year revenue increase of 74.01%[77]. Risk Management - The company has detailed potential risks in its report, which investors should be aware of[10]. - The company has taken measures to reduce debt risk by selling underlying assets of a trust plan, alleviating operational funding pressure[44][45]. - The company is facing increased financial pressure with a higher debt-to-asset ratio compared to previous years, complicating new loan applications and renewals[140]. - The company aims to enhance its internal control systems to mitigate risks related to legal disputes and contract issues that have been on the rise in the cultural industry[137]. Governance and Compliance - The audit report for the company was issued with a standard unqualified opinion by Zhongxing Caiguanghua Accounting Firm[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees[8]. - The company adheres to legal and regulatory requirements for information disclosure, ensuring timely and accurate communication with all stakeholders[145]. - The company has not faced any penalties from securities regulatory authorities in the past three years[162]. Future Strategies - The company plans to enhance game product R&D and distribution, focusing on breakthrough SLG game products while expanding into other product types and overseas markets[120]. - The company aims to strengthen its brand image and undertake important content development tasks from local governments, prioritizing social benefits alongside economic returns[119]. - The company plans to leverage its experience from hosting the Winter Olympics to expand its cultural event business, targeting various domestic and international sports events for future collaborations[70]. - The company is focusing on high-quality content production to withstand market fluctuations and maintain competitiveness in the film and television sector[136]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 648, with 38 in the parent company and 610 in subsidiaries[173]. - The company has established a performance evaluation and incentive mechanism linking managerial compensation to company performance and individual achievements[145]. - The management team includes individuals with extensive experience in investment and cultural industries[151]. - The company has a diverse management team with a mix of genders and ages, promoting inclusivity[151]. Market Trends - The total box office for the national film market in 2022 was 30.07 billion CNY, a decline of approximately 36.4% compared to 2021, with domestic films accounting for 84.85% of the total box office[46][49]. - The gaming industry in China is exploring new opportunities in areas such as minor protection, overseas market expansion, and technological innovation[115]. - The cultural industry is expected to play a larger role in the national economy, with ongoing reforms and the emergence of new cultural business models[117].

会议召开方式：上证路演中心网络互动 投资者可于 2023 年 6 月 21 日（星期三）至 6 月 29 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 wangxi@600715sh.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 证券代码：600715 证券简称：文投控股 公告编号：2023-030 文投控股股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 6 月 30 日（星期五）下午 15:00-16:00 会议召开地点： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 文投控股股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布公 司2022年度报告，为便于广大投资者更全面深入地了解公司2022年度经营成果、 财务状况，公司计划于 2023 年 6 月 30 日下午 ...

Box Office and Film Industry Performance - In 2022, the total box office revenue for the Chinese film market was 30.067 billion yuan, a decline of approximately 36.4% compared to 2021, with a loss of 17.19 billion yuan year-on-year[7]. - The number of new cinema openings in 2022 was 770, representing a year-on-year decrease of 30.3%[10]. - The number of film projects approved for production in 2022 was 1,876, significantly lower than in previous years, indicating a potential cyclical impact on future content supply[7]. - The proportion of domestic films in the total box office was 84.85%, with domestic films generating 25.511 billion yuan in revenue[7]. - The number of new films released in 2022 was 325, a decrease of 222 films compared to the previous year, with only 39 films surpassing 100 million yuan at the box office[9]. - The average daily box office fell below 20 million yuan for 108 days in 2022, highlighting the market's struggles[9]. Gaming Market Performance - The total revenue from the gaming market in China for 2022 was 265.884 billion yuan, a decrease of 10.33% year-on-year, with mobile gaming revenue dropping by 14.40% to 193.058 billion yuan[13]. - The gaming user base in China was 664 million, showing a slight decline of 0.33% year-on-year[13]. - The gaming business showed signs of recovery with the mobile game "Attack City" entering a stable phase during the reporting period[35]. Cultural Industry Overview - In 2022, the national cultural industry achieved operating income of CNY 121,805 billion, a year-on-year increase of 0.9%[16]. - Among nine cultural sectors, five sectors including content creation and cultural investment operations saw revenue growth, with increases of 3.4%, 3.3%, and 3.2% respectively[17]. - The cultural new business model sectors generated operating income of CNY 43,860 billion in 2022, growing by 5.3%, which is 4.4 percentage points faster than the overall cultural enterprises[17]. - The government introduced 43 specific measures to support the recovery of the service industry, including the cultural and tourism sectors, reflecting a strong commitment to revitalizing the market[17]. - The "Cultural +" initiative is gaining attention, emphasizing the integration of culture with various industries to drive economic growth[15]. - The expansion of the online game approval pilot program aims to simplify the game license approval process, enhancing efficiency and supporting industry development[15]. - The "14th Five-Year" cultural development plan was issued to guide the implementation of cultural policies across regions and departments[20]. Company Financial Performance - Total assets decreased by 30.43% to approximately ¥5.02 billion in 2022 compared to ¥7.22 billion in 2021[27]. - Net profit attributable to shareholders decreased by 60.97% to approximately -¥1.31 billion in 2022 from -¥578.86 million in 2021[27]. - Operating revenue increased by 3.05% to approximately ¥799.73 million in 2022 compared to ¥776.09 million in 2021[27]. - The company reported a cash flow from operating activities of approximately ¥74.11 million, a decrease of 42.46% from ¥128.81 million in 2021[27]. - The first quarter of 2022 saw operating revenue of approximately ¥225.12 million, with a net profit of approximately -¥79.65 million[30]. - The fourth quarter of 2022 reported operating revenue of approximately ¥228.64 million, with a net profit of approximately -¥963.07 million[30]. - The company's operating revenue for the reporting period was 800 million, representing a growth of 3.05% compared to 2021[35]. - The net assets attributable to shareholders decreased by 60.97% to 835 million by the end of 2022[36]. - The company incurred a total loss of 1.273 billion during the reporting period due to various factors including asset impairment and bad debt losses[35]. - Fixed asset impairment losses amounted to 22 million, and accelerated amortization of long-term prepaid expenses was 102 million[35]. - The company recognized goodwill impairment losses of 356 million and prepaid account impairment losses of 112 million due to market changes[35]. Company Strategy and Operations - The company operates in the film and gaming sectors, focusing on cinema management, film investment, and game development[22]. - The cinema operation model includes revenue from ticket sales, merchandise, and advertising, while film production involves careful market analysis and collaboration with partners[22]. - The company aims to diversify its revenue channels through horizontal and vertical investments in the cultural sector[25]. - The company has established a presence in the Winter Olympics cultural activities, with rights to produce and retail various licensed products[24]. - The total number of ordinary shareholders increased to 45,747 by the end of the reporting period[31]. - The largest shareholder, Beijing Cultural Investment Holdings, holds 20.35% of the shares, with 377,389,466 shares pledged[31]. - The total share capital remained unchanged at 1.854 billion shares compared to the previous period[36].

Financial Performance - The company's operating revenue for 2022 was approximately CNY 799.73 million, representing a 3.05% increase compared to CNY 776.09 million in 2021[19] - The net profit attributable to shareholders for 2022 was a loss of approximately CNY 1.27 billion, worsening from a loss of CNY 718.01 million in 2021[19] - The total assets decreased by 30.43% to approximately CNY 5.02 billion at the end of 2022, down from CNY 7.22 billion at the end of 2021[20] - The net asset attributable to shareholders decreased by 60.97% to approximately CNY 834.89 million at the end of 2022, compared to CNY 2.14 billion at the end of 2021[20] - The basic earnings per share for 2022 was -CNY 0.69, compared to -CNY 0.39 in 2021[21] - The weighted average return on equity for 2022 was -84.67%, significantly lower than -27.81% in 2021[21] - The company reported a total loss of 1.273 billion RMB for the reporting period due to various factors including asset impairment losses and bad debt provisions[22] - The company reported a cash flow from operating activities of approximately CNY 74.11 million, a decrease of 42.46% from CNY 128.81 million in 2021[20] Operational Challenges - The company faced significant operational losses and asset impairment losses due to external factors impacting the film industry[21] - The company has indicated that the film and cinema business has been severely affected, leading to increased financing costs and high financial expenses[21] - The company closed 26 underperforming cinemas to reduce losses, leaving a total of 46 cinemas in operation with 351 screens as of December 31, 2022[33] - The company incurred a goodwill impairment loss of 356 million RMB and a bad debt loss of 292 million RMB due to external factors affecting customer payment capabilities[22] - The cinema film screening and related derivative business reported revenue of ¥254,033,738.47, with a gross margin of -84.23%, a decrease in revenue of 45.45% compared to the previous year[75] Revenue Streams - The company’s game business showed signs of recovery with the mobile game "Attack City" entering a stable phase during the reporting period[22] - The film business generated a total box office of 236 million RMB, accounting for 0.79% of the national total box office, ranking 16th in the industry[33] - The company achieved a total revenue of 86.93 million CNY from the sales of 58 licensed Winter Olympic products, with a profit of 17.29 million CNY after a cost of 69.64 million CNY[42] - The online gaming business achieved revenue of ¥191,655,016.51, a 50.63% increase, with a gross margin of 86.41%, marking a 38.83 percentage point increase compared to the previous year[75] - The "Cultural +" business segment saw revenue of ¥160,086,662.61, a 123.35% increase, but a decrease in gross margin by 24.26 percentage points to 19.98%[75] Market Trends - The total box office for the Chinese film market in 2022 was 30.07 billion CNY, a decline of approximately 36.4% compared to 2021, with domestic films accounting for 84.85% of the total box office[44][46] - The number of new films released in 2022 was 325, a decrease of 222 films from the previous year, with only 39 films surpassing 100 million CNY at the box office[47] - The actual sales revenue of China's gaming market was 265.88 billion yuan, a decrease of 30.63 billion yuan or 10.33% compared to 2021[49] - The gaming industry is facing multiple challenges, including a decline in sales revenue and user scale as the "stay-at-home" economy benefits fade[114] Strategic Initiatives - The company has established a dual middle platform for business and finance in collaboration with Alibaba Cloud, enhancing operational efficiency[34] - The company is committed to diversifying its revenue channels through horizontal and vertical investments and acquisitions in the cultural sector, enhancing its overall competitiveness[58] - The company plans to enhance its cinema management by optimizing layouts and increasing non-ticket revenue, while ensuring safety and risk management[119] - The company aims to strengthen its role as a content production platform, focusing on high-quality development and creating premium cultural projects that reflect the spirit of the times[117] Governance and Management - The company has established a performance evaluation and incentive mechanism linking managerial compensation to company performance and individual achievements[144] - The independent directors actively fulfilled their duties, providing independent opinions on major matters to enhance the scientific and objective nature of board decisions[142] - The company has implemented strict information disclosure practices, ensuring timely and accurate information is available to all shareholders and stakeholders[143] - The company has established a transparent process for the nomination and election of independent directors, ensuring compliance with legal requirements[144] Future Outlook - The company plans to focus on major and realistic themes in film production to enhance brand differentiation and industry influence, anticipating a recovery in the film industry with new releases stimulating market activity[113] - The company is committed to integrating culture with technology, tourism, and sports to enhance operational performance and core competitiveness[118] - The company plans to expand its overseas market presence by integrating self-developed products with global distribution and traffic operations, targeting high-potential markets in Europe and America[130] - The company aims to enhance player satisfaction, activity, and retention rates through diversified exploration in game types, themes, and gameplay, focusing on high-quality content as a strategic direction[130]

2023 年第一季度报告 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。 证券代码：600715 证券简称：文投控股 文投控股股份有限公司 2023 年第一季度报告 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 161,729,301.13 | -28.16 | | 归属于上市公司股东的净利润 | -54,620,158.25 | 不适用 | | 归属于上市公司股东的扣除非经常性 | -58,933,375.00 | 不适用 | | 损益的净利润 | ...

重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2022 年第三季度报告 证券代码：600715 证券简称：文投控股 文投控股股份有限公司 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。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 192,044,354.28 | 73.75 | 571,083,929.02 | 2.90 | | 归属 ...

证券代码：600715 证券简称：文投控股 公告编号：2022-057 文投控股股份有限公司 关于参加辽宁辖区上市公司投资者网上集体接待日 活动暨召开业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2022 年 9 月 15 日（星期四)下午 15:30-17:00 会议召开地点：全景网投资者关系互动平台（网址：https://ir.p5w.net/） 会议召开方式：网络图文互动 为进一步加强与投资者的互动交流，文投控股股份有限公司（以下简称"公 司"）计划于 2022 年 9 月 15 日（星期四）下午 15:30-17:00 参加辽宁辖区上市 公司投资者网上集体接待日活动，并召开业绩说明会，就投资者关心的问题进行 交流。 一、 说明会类型 本次会议以网络图文互动形式召开，公司将与投资者进行互动交流和沟通， 在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2022 年 9 月 15 日下午 15:30-17:00 （二 ...

Financial Performance - The company reported a revenue of CNY 379 million for the first half of 2022, a decrease of 14.72% compared to the same period last year[17]. - The net profit attributable to shareholders was a loss of CNY 211 million, worsening from a loss of CNY 111 million in the previous year[17]. - The basic earnings per share were -CNY 0.11, compared to -CNY 0.06 in the same period last year[19]. - The company reported a loss of 216.01 million yuan in the first half of 2022, significantly impacted by the resurgence of COVID-19 in major cities like Shanghai and Beijing, leading to a notable decline in cinema and film business performance[122]. - The total comprehensive income for the first half of 2022 was a loss of CNY -115,488,633.95, highlighting a challenging financial environment[167]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 71.94% to CNY 86 million compared to the same period last year[17]. - The company's cash and cash equivalents increased by 939.92% to approximately 994.9 million yuan, largely due to receiving 954 million yuan from the disposal of underlying assets in a trust[62]. - The cash interest coverage ratio dropped by 52.04% to 1.65, indicating a significant decrease in the company's ability to cover interest expenses with cash flow[124]. - The company is actively pursuing external financing to ensure stable cash flow and is focusing on accelerating accounts receivable collection and asset disposal to enhance liquidity[122]. Business Segments and Operations - The company experienced significant growth in its licensed business due to the successful hosting of the Beijing Winter Olympics, which positively impacted revenue[19]. - The gaming business showed signs of stabilization with the launch of the mobile game "Attack City" contributing to performance improvement[19]. - The cinema and film business faced severe impacts due to recurring COVID-19 outbreaks in major cities, leading to a noticeable decline in performance[19]. - The company’s cinema operations generate revenue through ticket sales, merchandise, and advertising, with a focus on enhancing viewer experience[25]. - The company is actively involved in the "Cultural+" business, leveraging its brand and IP resources for diversified revenue streams[26]. Market Trends and Challenges - The total box office revenue for the first half of 2022 was 17.186 billion, with a total of 174 films released, resulting in 397 million viewers[27]. - The number of screenings decreased by 20.17% year-on-year, marking a historic decline in screening sessions[28]. - The company experienced a 41.66% drop in audience attendance compared to the previous year, particularly during the months of March to May 2022[28]. - The film investment and production sector faced challenges due to prolonged pandemic effects, leading to a significant drop in quality content supply[28]. - The actual sales revenue of the Chinese gaming market in the first half of 2022 was 147.79 billion yuan, a year-on-year decrease of 1.8%, marking the first decline in recent years[30]. Strategic Initiatives - The company aims to expand its market presence through strategic mergers and acquisitions in the cultural sector[26]. - The company is focusing on extending the lifecycle of existing games through continuous innovation and targeted marketing strategies[54]. - The company plans to continue promoting quality project collaborations and increase revenue through various forms of joint distribution and investment[50]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[151]. Financial Health and Ratios - The company's current ratio decreased by 18.39% to 0.57 compared to the end of the previous year, indicating a decline in short-term financial health[123]. - The debt-to-asset ratio increased to 73.26%, up by 2.62% from the previous year, reflecting a higher level of financial leverage[123]. - The company reported a 100% loan repayment rate, maintaining its commitment to meet debt obligations[124]. - The total liabilities increased to CNY 5.21 billion, up from CNY 5.10 billion, indicating a rise in financial obligations[129]. Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with a strategic emphasis on cultural and creative industries[116]. - The company plans to optimize inventory management and enhance operational efficiency to improve profitability and cash flow amidst ongoing financial pressures[122]. - The company is committed to maintaining transparency and accuracy in its financial reporting and stakeholder communications[151]. Corporate Governance and Compliance - The company appointed a new CFO, Xiong Yisen, on January 14, 2022, following the resignation of the previous CFO, Wang Dehui[92]. - There are no changes in the controlling shareholder or actual controller during the reporting period, ensuring stability in governance[117]. - The company is committed to protecting its intellectual property rights amid increasing risks of copyright infringement in the digital age[85]. Social Responsibility - The company actively promotes energy-saving and emission-reduction practices, achieving a reduction in paper usage through paperless operations[96]. - The company continues to engage in poverty alleviation activities and supports agricultural product sales in impoverished areas[98].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 225,116,942.50, a decrease of 32.06% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 79,649,852.73, representing a decline of 839.54% year-on-year[6]. - Basic and diluted earnings per share were both -CNY 0.04, a decrease of 839.54% compared to the previous year[7]. - The company reported a significant decline in operating income due to the impact of the pandemic on the film market, leading to a substantial drop in cinema revenue[10]. - Total operating revenue for Q1 2022 was CNY 225.12 million, a decrease of 32.0% compared to CNY 331.32 million in Q1 2021[19]. - Net profit attributable to shareholders of the parent company for Q1 2022 was a loss of CNY 79.65 million, compared to a profit of CNY 10.77 million in Q1 2021[21]. - The company reported a net loss of CNY 81.86 million for Q1 2022, contrasting with a net profit of CNY 10.43 million in Q1 2021[20]. - Cash received from sales of goods and services in Q1 2022 was CNY 250.79 million, a decrease of 3.4% from CNY 258.68 million in Q1 2021[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 157.25% to CNY 47,389,655.94[7]. - Net cash flow from operating activities for Q1 2022 was CNY 47,389,655.94, an increase from CNY 18,421,285.30 in Q1 2021, reflecting a growth of 156.5%[23]. - Total cash inflow from financing activities was CNY 219,950,000.00, while cash outflow was CNY 316,534,943.93, resulting in a net cash flow of -CNY 96,584,943.93 for Q1 2022[24]. - The total cash and cash equivalents at the end of Q1 2022 were ¥8,254,618.51, down from ¥255,413,301.42 at the end of Q1 2021[33]. - The company received cash inflows of ¥218,000,000.00 from financing activities in Q1 2022, compared to ¥408,110,000.00 in Q1 2021[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,183,350,073.53, a decrease of 0.49% from the end of the previous year[7]. - Total liabilities as of March 31, 2022, were RMB 3,829,576,052.61, slightly up from RMB 3,776,774,818.93, reflecting an increase of approximately 1.4%[17]. - The total assets amounted to RMB 7,183,350,073.53, a slight decrease from RMB 7,218,958,535.00, showing a decline of approximately 0.5%[17]. - The company's total liabilities increased to CNY 3,811,261,152.94 from CNY 3,540,752,969.73, indicating a rise of approximately 7.6%[28]. - Total current assets amounted to RMB 2,173,561,777.03, a decrease from RMB 2,659,542,190.92 as of December 31, 2021, reflecting a decline of approximately 18.2%[16]. Investment and Other Income - Investment income increased by 232.55% due to dividends received from invested enterprises during the reporting period[10]. - The company did not report any investment income in Q1 2022, contrasting with an investment income of ¥754,716.98 in Q1 2021[30]. Operational Costs - Total operating costs for Q1 2022 were CNY 318.86 million, slightly down by 3.0% from CNY 330.65 million in Q1 2021[20]. - The company incurred sales costs of ¥24,687,903.59 in Q1 2022, which is an increase from ¥13,349,287.99 in Q1 2021[29]. - The company’s management expenses for Q1 2022 were ¥11,595,823.65, slightly down from ¥11,868,895.97 in Q1 2021[29]. Equity and Shareholder Information - Shareholders' equity attributable to the parent company was CNY 2.06 billion in Q1 2022, down from CNY 2.14 billion in the previous period[20]. - The company reported a total equity of CNY 6,552,368,766.76 as of March 31, 2022, a slight decrease from CNY 6,611,072,340.97 at the end of 2021[28]. Other Observations - The company has not provided any updates on new product developments or market expansion strategies during this reporting period[15].

Financial Performance - The company's operating revenue for 2021 was ¥776,093,582.01, representing a 46.99% increase compared to ¥527,986,746.42 in 2020[19] - The net profit attributable to shareholders of the listed company was -¥718,013,713.74, an improvement from -¥3,462,649,263.23 in 2020[19] - The net cash flow from operating activities was ¥128,806,499.35, a decrease of 28.73% from ¥180,739,060.96 in 2020[20] - The total assets at the end of 2021 were ¥7,218,958,535.00, a slight decrease of 0.34% from ¥7,243,344,394.45 at the end of 2020[20] - The company's net assets attributable to shareholders decreased by 24.89% to ¥2,139,162,938.44 from ¥2,848,178,743.29 in 2020[20] - The basic earnings per share for 2021 was -¥0.39, an improvement from -¥1.87 in 2020[21] - The weighted average return on equity was -27.81% for 2021, compared to -74.16% in 2020[21] - The company did not distribute profits or increase capital reserves in 2021, as approved by the board[5] Market and Industry Overview - In 2021, the total box office in China reached 47.258 billion yuan, an increase of 131% compared to 2020, maintaining the position as the world's largest film market[43] - The number of new films released in 2021 was 554, representing an increase of 81.6% from 2020[44] - Domestic films accounted for 39.927 billion yuan of the total box office, making up 84.49% of the market share[44] - The average ticket price in China rose to 40.3 yuan in 2021, an increase of 8.9% year-on-year[46] - The number of cinemas in operation reached 12,400, a year-on-year growth of 2.7%[45] - The total revenue of the Chinese gaming market in 2021 was 296.513 billion yuan, a year-on-year increase of 6.4%[49] - The mobile gaming market generated 225.538 billion yuan in revenue, accounting for 76.06% of the total gaming market[49] - The user base for mobile games reached 666 million, showing a slight growth of 0.22% year-on-year[49] Company Operations and Strategy - The company operated 73 cinemas with a total of 533 screens as of the end of 2021, having closed one underperforming cinema[31] - The company implemented significant cost control measures, including negotiating rent reductions and managing labor and procurement costs to mitigate losses caused by the pandemic[31] - A dual platform for business and financial management was launched in collaboration with Alibaba Cloud, integrating data across membership, stores, and headquarters[31] - The company completed the transition of 22 cinemas to its film investment and distribution operations during the reporting period[31] - The company adjusted its film project evaluation system to ensure prudent investment decisions in response to market changes[31] - The company is actively expanding its market presence, planning to enter overseas markets including Taiwan, Japan, South Korea, and Vietnam in 2022[38] - The company is focusing on developing key projects related to the Winter Olympics, enhancing its capabilities in major thematic productions[35] Risks and Challenges - The company faced significant losses in the past two years due to the severe impact of the pandemic on its cinema and film business[21] - The company has outlined potential risks in its future development discussions, emphasizing the need for investor caution[10] - The gaming industry is experiencing increased regulatory scrutiny, which may impact the company's operations if not addressed promptly[130] - The company is under pressure from intensified market competition, particularly in the gaming sector, which demands higher quality products[130] - Changes in audience preferences pose a risk to the company's film projects, as viewer demands are influenced by various social factors[129] Governance and Management - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements with independent directors making up 1/3 of the total[134] - The company held 4 shareholder meetings during the reporting period, approving a total of 22 proposals, including the annual financial report and the appointment of new directors and supervisors[141] - The company established a performance evaluation and incentive mechanism linking managerial compensation to company performance and individual achievements[137] - The supervisory board is composed of 5 members, including 2 employee supervisors, complying with legal requirements[135] - The company ensures independent operations between the controlling shareholder and the listed company, maintaining autonomy in business, personnel, assets, and finance[137] Future Outlook - The company anticipates the film market to stabilize around the levels of 2016 to 2017, with potential for box office revenue to exceed RMB 60 billion if the pandemic situation improves[110] - The company plans to implement a classification management system for cinemas, focusing on loss reduction for unprofitable locations and revenue expansion for growing cinemas[115] - The company aims to increase non-ticket revenue by adjusting product offerings and exploring innovative cross-industry collaborations, such as cinema bookstores and VR exhibitions[115] - The company plans to launch 2 new game products in 2022 to ensure steady and sustainable development[125] - The company is committed to producing high-quality television series and web dramas, focusing on themes that reflect the new era and national values[120] Social Responsibility and Community Engagement - The company is actively working on its social responsibility initiatives, as detailed in its annual social responsibility report[180] - The company has focused on enhancing organizational capabilities and fostering a learning culture among employees[174]