证券代码：600825 证券简称：新华传媒 编号：临 2023-019 上海新华传媒股份有限公司 关于收到公诉判决书的进展公告 一审判决后，原审被告人王建才提起上诉。 二、案件裁定结果 2023 年 8 月 24 日，公司收到上海市高级人民法院出具的《刑事裁定书》 【（2021）沪刑终 98 号】，裁定如下： "本院确认，原判认定上诉人王建才犯贪污罪的事实清楚，证据确实、充分， 适用法律正确，量刑适当，审判程序合法。上诉人及其辩护人的意见，无事实和 法律依据，均不予采纳。上海市人民检察院建议驳回上诉，维持原判的意见正确， 应予支持。据此，依照《中华人民共和国刑事诉讼法》第二百三十六条第一款第 （一）项之规定，裁定如下： 特别提示 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 案件所处的诉讼阶段：本次裁定为终审裁定。 一、案件基本情况 上海新华传媒股份有限公司（以下简称"公司"）原副总裁王建才（子公司 上海新华传媒连锁有限公司原党委书记、总经理，已于 2016 年 2 月离职）于 2020 年 3 月 6 日被上 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥165,820,787.78, representing a decrease of 8.51% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥4,128,322.89, with a significant change from a loss in the previous year[5]. - The company reported a decrease in revenue due to lower sales and reduced interest income compared to the previous year[9]. - In Q1 2023, the company reported a net profit of 4,046,689.54 RMB, a significant improvement compared to a net loss of 1,659,119.56 RMB in Q1 2022[21]. - The company recorded a total comprehensive income of 4,004,140.15 RMB, compared to a loss of 1,983,253.09 RMB in the same quarter last year[22]. - The company reported a significant increase in sales revenue from goods and services, totaling 137,957,573.70 RMB, compared to 73,149,460.21 RMB in Q1 2022[22]. Cash Flow - The net cash flow from operating activities was -¥55,761,580.44, reflecting a decrease of 454.28% compared to the previous year[7]. - The company experienced a net cash outflow from operating activities of 55,761,580.44 RMB, contrasting with a net inflow of 15,739,214.04 RMB in Q1 2022[23]. - Investment activities resulted in a net cash outflow of 112,250,599.90 RMB, compared to a smaller outflow of 28,870,573.07 RMB in the previous year[23]. - The company's cash and cash equivalents at the end of Q1 2023 stood at 959,510,602.96 RMB, a decrease from 862,273,353.85 RMB at the end of Q1 2022[23]. - The cash inflow from operating activities was 248,726,165.51 RMB, a decrease from 625,515,795.93 RMB in Q1 2022[30]. - The company paid 392,788,491.62 RMB in cash for other operating activities, down from 595,883,010.38 RMB in the previous year[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,919,070,390.38, a decrease of 1.19% from the end of the previous year[7]. - Total liabilities decreased to ¥1,415,794,699.60 from ¥1,467,101,836.70, reflecting a reduction of 3.5%[16]. - The company's total current assets decreased from CNY 2,182,369,069.85 in Q1 2022 to CNY 2,029,219,412.28 in Q1 2023, a reduction of approximately 7%[25]. - Total liabilities decreased from CNY 2,235,679,201.28 in Q1 2022 to CNY 2,087,400,563.42 in Q1 2023, reflecting a decrease of about 6.63%[26]. - The company's total assets decreased from CNY 4,735,864,789.88 in Q1 2022 to CNY 4,588,352,046.75 in Q1 2023, representing a decline of approximately 3.11%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,851[10]. - Shareholders' equity increased to ¥2,503,275,690.78 from ¥2,499,271,550.63, showing a growth of 0.2%[17]. - The company's total equity remained relatively stable, with a slight increase from CNY 2,500,185,588.60 in Q1 2022 to CNY 2,500,951,483.33 in Q1 2023[26]. Operational Costs - Total operating costs for Q1 2023 were ¥185,638,031.67, slightly down from ¥186,183,706.22 in Q1 2022[19]. - Operating costs included ¥109,739,624.19 in operating expenses, down from ¥116,114,404.28 in the previous year, indicating a reduction of 5.5%[19]. - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability[19]. Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥133,057.88 during the reporting period[8]. - The total amount of non-recurring gains and losses was ¥7,847,976.97, primarily due to the increase in the net value of certain fund products and the reversal of bad debt provisions[8]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[19].

Financial Performance - The company's operating revenue for 2022 was ¥1,259,466,477.19, a decrease of 1.93% compared to ¥1,284,302,559.30 in 2021[21] - The net profit attributable to shareholders was ¥8,780,239.93, down 73.72% from ¥33,409,095.84 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥14,947,162.29, a decrease of 29.72% from ¥21,268,299.48 in 2021[21] - The cash flow from operating activities was ¥243,834,590.74, a decline of 53.64% compared to ¥525,940,836.15 in 2021[21] - The total assets at the end of 2022 were ¥3,966,373,387.33, down 4.50% from ¥4,153,282,371.86 at the end of 2021[21] - The net assets attributable to shareholders decreased by 4.24% to ¥2,499,098,533.26 from ¥2,609,656,169.84 in 2021[21] - Basic earnings per share for 2022 were ¥0.01, a decrease of 66.67% from ¥0.03 in 2021[22] - The weighted average return on net assets was 0.35%, a decrease of 0.94 percentage points from 1.29% in 2021[22] - The total profit for the period was ¥10,126,180.70, down 70.32% compared to the previous year[58] - The company's main business revenue from books was ¥1,078,038,820.71, with a gross profit margin of 25.56%[64] - The revenue from educational supplies decreased significantly, with a year-on-year decline of 41.38%[64] - The advertising and newspaper income fell by 39.48%, primarily due to reduced demand during the reporting period[64] Operational Highlights - In Q1 2022, the company reported revenue of ¥181,237,045.26, which increased to ¥502,633,100.39 in Q4 2022, showing a significant growth trend[25] - The net profit attributable to shareholders was negative in Q1 and Q3, with a loss of ¥1,697,034.01 and ¥7,478,727.01 respectively, but turned positive in Q4 with a profit of ¥12,890,451.38[25] - The net cash flow from operating activities reached ¥174,387,355.94 in Q4 2022, indicating strong cash generation capabilities[25] - The company completed the closure of 5 stores as part of its store layout optimization plan[38] - The overall retail book market in China declined by 11.77% in 2022, with significant drops in physical store sales by 37.22%[51] - The total number of sales outlets decreased by 4 to 55, with a total operating area of 70,131.21 square meters[85] Strategic Initiatives - The company is advancing its "1+3" business layout as part of its three-year action plan, focusing on solidifying its operational strategies[30] - The renovation of the Shanghai Book City is progressing, with completion of indoor demolition and approval of the facade plan, expected to reopen in H2 2023[32] - The new "East" Book City at Jiuguang Plaza opened on January 30, 2022, with an area of nearly 1,500 square meters and a collection of over 100,000 books[33] - The "Jiangnan Book Bureau" is set to open its first location in November 2022, themed around a traditional Jiangnan courtyard, aiming to become a cultural landmark[34] - The company is actively pursuing the establishment of a smart library in Lingang, aiming to integrate digital infrastructure with cultural innovation[36] - The company is exploring potential sites for the "Book Fragrance Park" project, with discussions ongoing regarding site selection and construction plans[37] - The company is gradually expanding its online sales through platforms like Amazon and Tmall, although this segment remains in the cultivation phase and contributes a low revenue share[83] Digital Transformation and Innovation - The company launched the "E-shop" system in its "1925 Bookstore" and completed the development of its ERP system for textbook centers[47] - The company is actively exploring digital advertising business opportunities and plans to transform properties into digital advertising creative centers[44] - The company aims to enhance its brand influence through innovative cross-industry collaborations and marketing strategies[46] - The company plans to enhance its digital cultural media innovation and expand revenue streams, with a focus on the Lingang Technology Smart Library project set to enter substantial construction in 2023[102] Management and Governance - The current management team includes key personnel such as Chen Qiwei, who has served as the Deputy Secretary and General Manager of Shanghai Newspaper Group since 2017, and Li Xiang, who has been the Deputy General Manager since 2017[117] - The management team has extensive experience, with several members serving in their respective roles for over a decade, such as Wu Xiaohui, who has been with Shanghai Newspaper Group since 2017[117] - The company has maintained a consistent management structure, with many executives having long tenures, which may contribute to stability and continuity in operations[117] - The presence of independent directors on the board suggests a commitment to corporate governance and accountability[119] - The company has established independent financial and operational structures to ensure compliance with regulations and maintain operational autonomy[110] Social Responsibility and Community Engagement - The company invested a total of 54,800 CNY in social responsibility projects, specifically for the Shanghai Xinhua Hope Primary School, which included funding for educational facilities and student supplies[144] - In 2022, the company provided 1,000 CNY in scholarships to each paired student until their primary school graduation, continuing its support for underprivileged students[145] - The company raised 4,828.1 CNY through an online charity sale event, alongside an additional donation of 50,000 CNY to support the Shanghai Xinhua Hope Primary School[145] Risks and Challenges - The company faces risks from the impact of new media formats on traditional book distribution and advertising, leading to substantial downward pressure on physical bookstore operations and print media advertising[105] - The company is undergoing a business transformation through internal development and external acquisitions, but new business models have not yet matured, posing risks of transformation failure due to various factors[105] - The company's traditional business segments are under significant pressure due to the rise of digital media and changing consumer behaviors[105] - Future adjustments to industry policies could necessitate changes in the company’s business structure and operational model[105] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 35,329[182] - The top ten shareholders include Shanghai Xinhua Publishing Group Co., Ltd. with 28.00% and Shanghai Newspaper Group with 23.49% of shares[184] - The controlling shareholder is Shanghai Newspaper Group, which holds a significant stake in the company[185] Audit and Compliance - The financial statements for the year ended December 31, 2022, were audited and found to fairly reflect the company's financial position and operating results[195] - The internal control audit report for the financial year 2022 received a standard unqualified opinion, indicating effective internal controls[140] - The company has not faced any delisting risks or bankruptcy restructuring matters[156]

证券代码：600825 证券简称：新华传媒 公告编号：临 2023-009 上海新华传媒股份有限公司 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 4 月 7 日(星期五) 上午 10:00-11:00 投资者可于 2023 年 3 月 31 日(星期五) 至 4 月 6 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 xhcmpublic@xhmedia.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。 上海新华传媒股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 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、财务状况及利润分配情况，公司计划于 2023 年 4 月 7 日 上午 10:00-11:00 举行 2022 年度业绩说明会，就 投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动 ...

2022 年第三季度报告 上海新华传媒股份有限公司 2022 年第三季度报告 证券代码：600825 证券简称：新华传媒 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人陈启伟、主管会计工作负责人刘航及会计机构负责人（会计主管人员）蒋玲英保 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 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 227,342,337.00 | 15.70 | 756,833,376.80 | - ...

2022 年半年度报告 公司代码：600825 公司简称：新华传媒 上海新华传媒股份有限公司 2022 年半年度报告 1 / 136 2022 年半年度报告 重要提示 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司2022年半年度不进行利润分配，也不进行资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 报告期内，不存在对公司经营产生实质性影响的特别重大风险。公司已在本报告中详细阐述 公司在经营过程中可能面对的风险，敬请查阅第三节管理层讨论与分析中"可能面对的风险"部 分。 十一、 其他 □适用 √不适用 2 / 136 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏 ...

2022 年第一季度报告 证券代码：600825 证券简称：新华传媒 上海新华传媒股份有限公司 2022 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、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人陈启伟、主管会计工作负责人刘航及会计机构负责人（会计主管人员）蒋玲英保证季 度报告中财务报表信息的真实、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 | 181,237,045.26 | -8.40 | | 归属于上市公司股东的净利润 | -1,697,034.01 | 不适用 | | 归属于上市公司股东的扣除非经常性 | 744,381.59 | 不适用 | | ...

Financial Performance - In 2021, the company's operating revenue was CNY 1,284,302,559.30, a decrease of 0.66% compared to CNY 1,292,840,218.40 in 2020[22] - The net profit attributable to shareholders was CNY 33,409,095.84, a significant recovery from a loss of CNY 291,363,218.19 in 2020[22] - The net cash flow from operating activities increased by 43.59% to CNY 525,940,836.15 from CNY 366,273,721.30 in the previous year[22] - The total assets of the company at the end of 2021 were CNY 4,153,282,371.86, reflecting a 12.27% increase from CNY 3,699,302,524.90 in 2020[22] - The net assets attributable to shareholders increased by 8.46% to CNY 2,609,656,169.84 from CNY 2,406,147,034.36 in 2020[22] - The basic earnings per share for 2021 was CNY 0.03, recovering from a loss of CNY 0.28 per share in 2020[23] - The weighted average return on equity increased to 1.29% from -11.39% in the previous year, an improvement of 12.68 percentage points[24] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, totaling CNY 10,448,878.50 based on the total share capital as of December 31, 2021[5] - The board approved a dividend payout of 0.15 per share, reflecting a commitment to returning value to shareholders[116] - The company's profit distribution policy is consistent and stable, aligning with the requirements of the China Securities Regulatory Commission and ensuring the protection of minority shareholders' rights[136] Business Operations and Strategy - The company plans to implement a three-year transformation action plan from 2021 to 2023, focusing on a "1+3" business layout to enhance cultural brand influence[30] - The company has initiated the renovation project for the Shanghai Book City on Fuzhou Road, which has been recognized as a major urban renewal project by the Huangpu District government[31] - The company has expanded its "Xinhua Bookstore·City Reading Room" project, adding 183 new locations in 2021, bringing the total to 234 across 15 administrative districts[33] - The company is actively pursuing strategic transformation to enhance its core competencies, including brand building and risk management[50] - The company is focusing on the integration of culture and commerce, transforming physical bookstores into cultural landmarks[93] Market and Sales Performance - The company sold over 4.85 million themed books, generating sales revenue exceeding 140 million yuan in 2021[34] - The company participated in 74 local bidding projects for library distribution, achieving a win rate of over 54% with 40 projects awarded[34] - The overall revenue of the news and publishing industry in the A-share market increased by 13.89% year-on-year, totaling 95.83 billion yuan in the first three quarters of 2021[44] - The retail market for books saw a slight increase of 1.65% in 2021 compared to 2020, with a total scale of 98.68 billion yuan[44] Investment and Financial Management - The company invested 120 million yuan in the establishment of the Zhongyuan Phase II Fund to enhance capital operations[36] - The company purchased customized financial products worth 200 million yuan to improve fund efficiency, contributing to the annual performance[36] - The company received a total of 58.34 million yuan in returns from invested funds in 2021[37] - The company achieved rental income of 108.21 million yuan from its property management operations in 2021[38] - The company reported a total of 68,000 million CNY in bank wealth management products with no overdue amounts[170] Risks and Challenges - There were no significant risks that materially affected the company's operations during the reporting period[8] - The company is facing risks related to investment income volatility and cash flow fluctuations, which could impact its debt repayment capacity[105][106] - The company expresses significant uncertainty regarding its ability to continue as a going concern, highlighting the need for adequate disclosures in financial statements[198] Corporate Governance and Compliance - The company has committed to not engage in any competitive business with its main operations, ensuring no conflicts of interest arise from its controlling shareholder, Shanghai Xinhua Publishing Group[148] - The company guarantees the independence of its financial operations, including maintaining separate bank accounts and independent financial decision-making processes[149] - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of Shanghai Xinhua Media as of December 31, 2021[190] - The company has not reported any major accounting errors that would require correction during the reporting period[155] Employee and Management Structure - The company has a total of 1,409 employees, with 724 in sales and 71 in technical roles[133] - The total pre-tax remuneration for the management team amounted to 285.54 million yuan, with the highest individual remuneration being 75.67 million yuan for the president[115] - The company has established an annual incentive fund for management, with performance-based rewards to be determined by the chairman[123] Future Outlook and Growth Plans - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12%[116] - New product launches are expected to contribute an additional 200 million in revenue in the upcoming fiscal year[116] - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[116] - The company aims for a 20% increase in overall profitability in the next fiscal year[121]

2021 年第三季度报告 证券代码：600825 证券简称：新华传媒 上海新华传媒股份有限公司 2021 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个别及连带责任。 重要内容提示： 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 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 上年同期增 | | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 196,484,773.88 | -29.64 | 877,721,381.28 | 9.59 | | 归属于上市公司股东的 | 5,228,010.69 | -24.98 | 23,019,227.09 | 46.66 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 3,287,358.48 | -27.79 | 15,874,582.20 | 66. ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 681.24 million, representing a year-on-year increase of 30.58%[18]. - The net profit attributable to shareholders for the same period was CNY 17.79 million, showing a significant year-on-year growth of 103.86%[18]. - Basic earnings per share increased to CNY 0.017, up 112.50% compared to the previous year[18]. - The company reported a net profit of 1,917.56 million CNY from Shanghai Xinhua Media Chain Co., Ltd., with total assets of 212,653.07 million CNY[54]. - The company reported a significant increase in other non-current financial assets, rising by 320.86% from 63,102,860.32 to 265,574,591.55[45]. - The company reported a total comprehensive income of ¥17,897,867.66 for the first half of 2021, down from ¥28,150,279.78 in the same period of 2020[100]. - The company reported a significant increase in other receivables, rising to ¥408,333,699.80 from ¥279,334,774.43[90]. - The company reported a total cash inflow from operating activities of ¥2,690,322,081.08, significantly higher than ¥958,995,694.25 in the first half of 2020[107]. Cash Flow - The net cash flow from operating activities decreased by 58.42% to CNY 18.96 million, primarily due to prepayments for property sales[19]. - The net cash flow from operating activities for the first half of 2021 was ¥18,958,478.02, a decrease of 58.4% compared to ¥45,595,058.07 in the same period of 2020[105]. - Cash outflow from operating activities increased to ¥758,673,627.20, compared to ¥548,505,266.85 in the previous year, marking a rise of 38.2%[105]. - The net cash flow from investment activities was ¥33,292,124.35, down 76.6% from ¥142,508,604.76 in the first half of 2020[105]. - The net cash flow from financing activities was -¥12,064,913.72, worsening from -¥7,312,562.61 in the same period of 2020[105]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 3.75 billion, reflecting a 1.43% increase from the end of the previous year[18]. - Total current assets decreased to ¥2,273,668,395.79 from ¥2,517,817,544.15 at the end of 2020[90]. - Total liabilities reached ¥1,327,800,035.77, up from ¥1,292,740,032.29, representing an increase of approximately 2.66%[92]. - The total liabilities and shareholders' equity amounted to ¥4,313,787,319.74, up from ¥3,969,394,694.76, indicating an increase of approximately 8.66%[95]. - The company’s total liabilities were not explicitly detailed in the provided documents, but the equity growth suggests improved financial health[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,344[82]. - The largest shareholder, Shanghai Xinhua Publishing Group Co., Ltd., held 292,533,681 shares, representing 28.00% of total shares[84]. - The second largest shareholder, Shanghai Newspaper Group, held 245,486,319 shares, representing 23.49% of total shares[84]. - The total equity attributable to the parent company at the end of the reporting period was approximately 2.424 billion, an increase from 2.407 billion at the beginning of the period[110]. Business Strategy and Market Position - The company has established a three-year transformation plan (2021-2023) focusing on a "1+3" business layout, aiming to enhance cultural brand influence and profitability[32]. - The company aims to integrate traditional and new business areas to create a balanced growth model over the next three years[32]. - The company benefits from tax exemptions, including a VAT exemption for book wholesale and retail until December 31, 2023[25]. - The company is the only listed cultural media enterprise under the Shanghai Press Group, enhancing its market position[23]. Risks and Challenges - There were no significant risks that materially affected the company's operations during the reporting period[6]. - The company is exposed to risks from new media impacting traditional book distribution and advertising operations[56]. - The company’s subsidiaries benefit from current tax incentives, which may change and affect profitability[56]. Corporate Social Responsibility - The company plans to donate a total of 50,000 RMB to the Shanghai Xinhua Hope Primary School in Tengchong in 2021[65]. - The company has committed to providing 10,000 RMB in scholarships to outstanding impoverished students through one-on-one pairing initiatives[65]. - The company has organized charity sales on "March 5th" to raise funds for educational supplies, with all items donated by employees[64]. Accounting Policies - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[123]. - The company recognizes revenue when control of goods or services is transferred to the customer, indicating a significant economic benefit transfer[197]. - The company applies the effective interest method to calculate interest on financial assets measured at amortized cost[140]. - The company recognizes expected credit losses for financial assets measured at amortized cost and debt instruments measured at fair value, considering past events, current conditions, and future economic forecasts[152].