Financial Performance - The company's operating revenue for Q1 2023 was CNY 53,800,910.16, representing a year-on-year increase of 34.43%[4] - The net profit attributable to shareholders was a loss of CNY 8,914,116.36, and the net profit after deducting non-recurring gains and losses was a loss of CNY 34,866,911.28[4] - Net profit for Q1 2023 was a loss of ¥13,541,301.37, compared to a loss of ¥85,454,510.07 in Q1 2022, indicating an improvement in performance[22] - The company reported a significant increase in other comprehensive income, totaling ¥37,096,598.17 in Q1 2023, compared to a loss of ¥106,324,180.83 in Q1 2022[22] - Basic and diluted earnings per share for Q1 2023 were both -¥0.004, an improvement from -¥0.15 in Q1 2022[23] Cash Flow - The net cash flow from operating activities was negative at CNY 355,421,847.63[4] - In Q1 2023, the company reported cash inflows from operating activities of ¥297,114,347.87, a significant increase from ¥127,379,808.11 in Q1 2022, representing a growth of approximately 133%[24] - The net cash outflow from operating activities was ¥355,421,847.63, compared to a net outflow of ¥122,659,711.70 in the same period last year, indicating a worsening cash flow situation[25] - Cash inflows from financing activities totaled ¥300,470,784.31, with cash outflows of ¥305,681,027.58, resulting in a net cash outflow of ¥5,210,243.27[25] - The company reported a significant increase in cash received from sales of goods and services, reaching ¥258,358,107.79 in Q1 2023, compared to ¥110,124,688.43 in Q1 2022, a growth of about 134%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,652,633,972.81, a decrease of 1.87% compared to the end of the previous year[5] - The company's total assets decreased to ¥5,652,633,972.81 in Q1 2023 from ¥5,760,637,206.38 in Q1 2022, a decline of 1.9%[19] - Total liabilities decreased to ¥2,042,967,321.32 in Q1 2023 from ¥2,174,016,636.00 in Q1 2022, a reduction of 6.0%[19] - The total liabilities reached approximately $2.17 billion, compared to $2.29 billion previously, showing a decline of around 5.2%[31] - Non-current liabilities totaled approximately $414.98 million, down from $533.89 million, indicating a decrease of about 22.2%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,977[9] - The top shareholder, Shanghai Lansheng (Group) Co., Ltd., holds 41.42% of the shares, totaling 220,658,920 shares[9] - The equity attributable to shareholders increased by 0.80% to CNY 3,548,046,697.23[5] - The company's equity attributable to shareholders increased to ¥3,548,046,697.23 in Q1 2023 from ¥3,519,864,215.42 in Q1 2022, a growth of 0.8%[19] Investments and Expenses - Financial expenses increased by 69.14% due to higher interest expenses and reduced interest income[6] - The company reported a significant increase in credit impairment losses by 664.31% due to the reversal of impairment losses[6] - Investment income for Q1 2023 was ¥2,902,388.68, down from ¥8,440,015.56 in Q1 2022, a decline of 65.6%[22] - The company paid ¥60,745,902.50 in taxes during Q1 2023, a significant increase from ¥18,195,750.00 in Q1 2022, reflecting a growth of about 234%[25] Strategic Developments - The company established a joint venture, Donghao Lansheng Exhibition (Tianjin) Co., Ltd., with a 51% stake to expand its presence in the Beijing-Tianjin-Hebei exhibition market[15] - The company is focusing on "digital exhibition" strategies, launching a new joint venture for creative technology and digital marketing services[15] - The company appointed new executives, including a new president and vice presidents, to strengthen its leadership team[14] Asset Management - The company's cash and cash equivalents were reported at CNY 1.40 billion, down from CNY 1.64 billion, reflecting a decline of 14.2%[17] - The accounts receivable decreased significantly to CNY 39.45 million from CNY 126.12 million, representing a drop of 68.7%[17] - The inventory increased sharply to CNY 169.70 million from CNY 21.25 million, indicating a growth of 696.5%[17] - Long-term equity investments increased to approximately CNY 310.07 million from CNY 282.90 million, showing a growth of 9.6%[17]

关于召开2022年度网上业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 10 日(星期三) 下午 15:00-17:00 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/） 证券代码：600826 股票简称：兰生股份 公告编号：临 2023-021 东浩兰生会展集团股份有限公司 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 5 月 4 日(星期四) 至 5 月 8 日(星期一)16:00 前通过 公司邮箱 stock@dlg-expo.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。 东浩兰生会展集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布公司 2022 年年度报告及 2023 年第一季度报告，为进一步加强与广大投 资者的沟通交流，便于广大投资者更全面深入地了解公司经营成果、财务状 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥97,828,158.10, a decrease of 61.32% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥31,586,053.62, representing a significant increase of 243.30% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,501,267.26, up 364.88% compared to the previous year[5]. - The company's total revenue for the first three quarters of 2022 was RMB 211,370,261.93, a decrease from RMB 597,471,331.43 in the same period of 2021[24]. - The company's total revenue from sales of goods and services was 302,509,623.33 CNY for the first nine months of 2022, a decrease from 733,562,745.96 CNY in the same period of 2021[27]. - The company reported a net profit of -16,548,264.93 CNY for Q3 2022, compared to a net profit of 82,668,864.13 CNY in Q3 2021, indicating a significant decline[25]. - Operating profit for Q3 2022 was -85,197,719.70 CNY, a stark contrast to the operating profit of 96,253,720.51 CNY in the same period last year[25]. - Total comprehensive income for Q3 2022 was -278,756,395.63 CNY, compared to 53,925,211.15 CNY in Q3 2021, reflecting a substantial decrease[26]. - Basic and diluted earnings per share for Q3 2022 were both -0.01 CNY, compared to 0.15 CNY in Q3 2021[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,394,175,639.22, an increase of 3.29% from the end of the previous year[6]. - The company's total assets as of September 30, 2022, amounted to RMB 5,394,175,639.22, an increase from RMB 5,222,372,865.51 at the end of 2021[22]. - The company's total liabilities increased from RMB 1,430,066,006.00 at the end of 2021 to RMB 1,943,500,184.51 by September 30, 2022[23]. - The company's retained earnings as of September 30, 2022, were RMB 2,650,388,539.55, down from RMB 2,714,907,043.39 at the end of 2021[23]. Cash Flow - The company reported a net cash flow from operating activities of -¥532,947,636.15 for the year-to-date, a decrease of 1,370.59%[5]. - The company experienced a cash outflow from operating activities of -532,947,636.15 CNY in the first nine months of 2022, compared to a cash inflow of 41,944,927.96 CNY in the same period of 2021[28]. - Cash and cash equivalents at the end of Q3 2022 stood at 603,618,418.77 CNY, down from 1,069,219,207.58 CNY at the end of Q3 2021[28]. - The company's cash and cash equivalents decreased from RMB 1,136,415,846.70 at the end of 2021 to RMB 626,836,226.03 by September 30, 2022[21]. - Investment activities resulted in a net cash outflow of -380,099,166.17 CNY in the first nine months of 2022, compared to a net cash inflow of 59,267,463.87 CNY in the same period of 2021[28]. Operational Challenges - The decline in operating revenue was primarily due to the impact of the COVID-19 pandemic, which led to a reduction in main business income[9]. - Several exhibitions were postponed or canceled due to the pandemic, significantly affecting the company's Q3 business revenue[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,258[10]. - The company canceled 3,159,840 repurchased shares, reducing its total shares from 535,920,895 to 532,761,055, and its registered capital from RMB 535,920,895 to RMB 532,761,055[17]. Investments and Acquisitions - The company acquired a 67% stake in Dongguan Huizhi Exhibition Co., becoming its largest shareholder, to enhance its focus on the exhibition industry in South China[14]. - The company received a total compensation of RMB 46,711,979.74 from a property acquisition, positively impacting its performance[16]. Financial Expenses and Income - The company incurred financial expenses of 10,647,030.42 CNY in Q3 2022, down from 13,198,128.04 CNY in Q3 2021[25]. - The company reported investment income of 101,160,781.02 CNY in Q3 2022, an increase from 91,543,403.74 CNY in Q3 2021[25].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥113.54 million, a decrease of 67.05% compared to ¥344.58 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was a loss of approximately ¥37.39 million, a decline of 154.45% from a profit of ¥68.68 million in the previous year[17]. - The basic earnings per share for the first half of 2022 was -¥0.07, down 153.85% from ¥0.13 in the same period last year[17]. - The weighted average return on net assets decreased to -1.03%, down 2.88 percentage points from 1.85% in the previous year[17]. - The net cash flow from operating activities was approximately -¥365.38 million, compared to -¥10.94 million in the same period last year[17]. - The company reported a non-recurring loss of approximately ¥27.47 million, primarily due to fair value changes in financial assets and other non-operating income[19]. - The company reported a significant increase in management expenses, totaling RMB 51,919,225.94 in the first half of 2022, compared to RMB 57,570,683.58 in the previous year[100]. - The company reported a significant decrease in accounts receivable from RMB 88,379,819.48 to RMB 45,858,259.26, a reduction of approximately 48%[93]. - The total comprehensive income for the first half of 2022 was a loss of RMB 186,419,685.98, compared to a gain of RMB 1,786,429.01 in the first half of 2021[101]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.59 billion, an increase of 7.10% from ¥5.22 billion at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥3.48 billion, a decrease of 6.38% from ¥3.72 billion at the end of the previous year[17]. - The company's total current assets as of June 30, 2022, amount to RMB 2,960,345,997.99, an increase from RMB 2,618,412,756.80 at the beginning of the period[93]. - The company's total liabilities rose to CNY 2,047,367,580.81, compared to CNY 1,430,066,006.00, marking an increase of 43.1%[95]. - The total liabilities to equity ratio increased to 0.58 from 0.38, indicating a higher leverage position[95]. - The total equity attributable to the parent company at the end of the reporting period is 3,545,685,174.32, a decrease of 246,621,685.19 compared to the previous period[113]. Business Operations and Strategy - The company operates in the exhibition industry, which is recovering from the impacts of the COVID-19 pandemic, with a focus on enhancing service quality and efficiency[21]. - The company has established a comprehensive business ecosystem covering exhibition organization, venue operation, conference activities, and exhibition services[26]. - The company aims to drive growth through both organic development and strategic acquisitions, focusing on "Exhibition China" and "Digital Exhibition" strategies[25]. - The company is preparing for a business recovery with a focus on digital exhibitions, including the development of an online platform for the China International Industry Fair[33]. - The company plans to hold the first "Oriental International Interventional Medicine Expo" in October 2022, aiming to expand its presence in the healthcare sector[34]. - The company is focusing on building a robust financial asset structure to mitigate risks associated with fluctuations in the financial market and to ensure stable returns for shareholders[47]. Shareholder and Capital Management - The company has repurchased a total of 3,159,840 shares, accounting for approximately 0.59% of its total share capital, which were subsequently canceled, reducing the registered capital from 535,920,895 yuan to 532,761,055 yuan[48][50]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[58]. - The company reported a profit distribution of CNY -69,669,716.35 to shareholders during the period[120]. - The company plans to invest CNY 300 million in the Shanghai New Exhibition Industry Private Equity Fund, accounting for 49.92% of the total fund size of CNY 1 billion[79]. Risk Management and Compliance - The company has issued a risk statement regarding potential future risks and uncertainties[5]. - The company is actively monitoring market conditions and adjusting its strategies in response to uncertainties in the industry[58]. - The company has faced significant operational risks due to the ongoing impact of the COVID-19 pandemic, leading to a complete halt of its exhibition business, which is expected to adversely affect its financial condition and operating results for 2022[45]. - There are no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal standing[73]. Environmental and Social Responsibility - The company actively implements measures to reduce carbon emissions, promoting a "green office" initiative and encouraging paperless operations[61]. - The company has set reasonable air conditioning usage times and temperatures to conserve energy[61]. - Employees are reminded to save resources by turning off lights and conserving water, contributing to energy-saving and emission reduction efforts[61]. Corporate Governance - The company committed to maintaining the independence of Lansen Group post-transaction, ensuring independent management and financial systems[68]. - The company will independently manage its financial decisions and tax obligations, ensuring compliance with relevant laws[68]. - The company has fulfilled its commitments regarding the stock incentive plan, which has been terminated[71].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥113.54 million, a decrease of 67.05% compared to ¥344.58 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was a loss of approximately ¥37.39 million, representing a decline of 154.45% from a profit of ¥68.68 million in the previous year[20]. - The basic earnings per share for the first half of 2022 was -¥0.07, down 153.85% from ¥0.13 in the same period last year[20]. - The weighted average return on net assets decreased by 2.88 percentage points to -1.03% compared to 1.85% in the previous year[20]. - The net cash flow from operating activities was negative at approximately -¥365.38 million, compared to -¥10.94 million in the same period last year[20]. - The company reported a non-recurring loss of approximately ¥27.47 million, primarily due to fair value changes in financial assets and other non-operating income adjustments[22]. - The company achieved operating revenue of 114 million RMB, a decrease of 67.05% compared to the same period last year, primarily due to the impact of COVID-19 on its main business operations[39]. - The net profit attributable to shareholders was -37 million RMB, reflecting significant challenges faced during the pandemic[34]. - The company reported a net cash flow from operating activities of -365.38 million RMB, a decrease of 35.44 million RMB compared to the previous year, mainly due to prepayments for projects[40]. - The company reported a significant increase in financial expenses, with interest expenses rising to RMB 15,175,818.18 from RMB 14,492,508.29 in the previous year[103]. - The company’s operating profit for the first half of 2022 was a loss of RMB 62,642,875.70, compared to an operating profit of RMB 75,082,860.14 in the first half of 2021[104]. - The total profit for the first half of 2022 was a loss of RMB 62,681,780.76, compared to a profit of RMB 74,766,256.94 in the same period last year[104]. Assets and Liabilities - The total assets at the end of the reporting period increased by 7.10% to approximately ¥5.59 billion from ¥5.22 billion at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 6.38% to approximately ¥3.48 billion from ¥3.72 billion at the end of the previous year[20]. - Total liabilities rose to ¥2,047,367,580.81, compared to ¥1,430,066,006.00, indicating an increase of about 43.1%[98]. - Current liabilities totaled ¥1,574,550,569.66, significantly higher than ¥866,343,950.92, reflecting an increase of approximately 81.6%[98]. - Non-current liabilities decreased to ¥472,817,011.15 from ¥563,722,055.08, a decline of about 16.1%[98]. - Owner's equity decreased to ¥3,545,685,174.32 from ¥3,792,306,859.51, representing a decrease of approximately 6.5%[98]. - The total liabilities and owner's equity amounted to ¥5,593,052,755.13, consistent with total assets, indicating a balanced financial position[98]. Business Operations and Strategy - The company operates the Shanghai Expo Exhibition Center, utilizing AI and 5G technology for smart venue transformation, enhancing operational efficiency[27]. - The company aims to enhance its core competitiveness through the dual strategies of "Exhibition China" and "Digital Exhibition"[28]. - The company has faced significant challenges due to the COVID-19 pandemic, leading to the suspension of offline exhibition activities in Shanghai[24]. - The company is actively preparing for business recovery post-pandemic, focusing on digital exhibition strategies and enhancing online platforms for events[36]. - The company plans to hold the first "Oriental International Interventional Medicine Expo" from October 13-16, 2022, to explore sustainable development in the medical device industry[37]. - The company plans to expand its business operations into other cities and potentially overseas, contingent on securing quality venue and event resources[49]. - The company has revised its business scope to include domestic trade agency and medical device sales, reflecting a strategic shift in operations[54]. Shareholder and Capital Management - The company does not plan to distribute profits or increase capital reserves through stock conversion for the first half of 2022[6]. - The company has repurchased a total of 3,159,840 shares, accounting for approximately 0.59% of the total share capital, which were subsequently canceled, reducing the registered capital to 532,761,055 yuan[51][53]. - The company has terminated its A-share restricted stock incentive plan due to the impact of the COVID-19 pandemic on its business performance[61]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[61]. - The company distributed CNY 69,669,716.35 to shareholders during the reporting period[122]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks in its operations[7]. - The company faces significant risks in the exhibition business due to the ongoing impact of the COVID-19 pandemic, which has led to a continuous suspension of exhibition activities[48]. - The company is experiencing intensified market competition as foreign exhibition companies enter the domestic market, increasing pressure on market share[49]. - The company has identified potential risks related to talent retention in the competitive exhibition industry, which could impact operational stability[49]. - The company continues to monitor the global pandemic situation, which may influence future business strategies and performance[61]. - There are no significant lawsuits or arbitration matters during the reporting period[76]. - The company and its major shareholders have maintained good integrity, with no unfulfilled court judgments or significant debts overdue[76]. Environmental and Social Responsibility - The company actively implements measures to reduce carbon emissions, promoting a "green office" initiative and encouraging paperless operations[64]. - The company has set reasonable air conditioning usage times and temperatures to conserve energy[64]. - Employees are reminded to develop good habits such as turning off lights and saving water, contributing to resource conservation[64]. Financial Management and Investments - The company is closely monitoring financial market dynamics to construct a resilient financial asset structure aimed at providing stable returns to shareholders[50]. - The company has established a private equity investment fund in collaboration with partners, aiming to leverage resources for long-term growth[37]. - The company has successfully recovered a total of 1,000 million from various investment management products, with annualized returns ranging from 2.51% to 4.90%[56]. - The investment management products include multiple offerings from institutions such as China Bank and Huaxin International Trust, with amounts typically set at 5,000 million[56]. - The company has ongoing investments with expected returns of 3.00% to 4.60%, with some products still not matured[56]. Accounting and Financial Reporting - The company follows the accounting principles set forth by the Ministry of Finance, ensuring accurate financial reporting[134]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[132]. - The company’s accounting period runs from January 1 to December 31 each year, with a 12-month operating cycle[135][136]. - The company does not apply the accounting policies for investment properties and biological assets, indicating a focus on fixed and intangible assets[188]. - The company recognizes impairment losses for non-current assets held for sale when their carrying amount exceeds fair value less selling costs[176]. - The company conducts impairment tests for fixed assets and intangible assets annually, regardless of impairment indicators, to ensure asset values are accurately reflected[198].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 40,022,379.50, representing a decrease of 37.33% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 80,467,558.31, with a net profit excluding non-recurring items of CNY -43,417,832.45[5]. - The company reported a net loss for Q1 2022, with total operating income not covering total operating costs, leading to a negative operating margin[26]. - The company reported a net loss of ¥85,454,510.07 for Q1 2022, compared to a net loss of ¥51,048,244.71 in Q1 2021, representing an increase in loss of approximately 67.3% year-over-year[27]. - Operating profit for Q1 2022 was a loss of ¥99,021,130.93, worsening from a loss of ¥54,860,701.30 in the same period last year[27]. - Total comprehensive loss amounted to ¥191,778,690.90 in Q1 2022, compared to a loss of ¥134,364,246.25 in Q1 2021, indicating a year-over-year increase of about 42.7%[27]. - Total revenue from sales of goods and services was ¥110,124,688.43 in Q1 2022, a decline of 39% from ¥180,690,446.66 in Q1 2021[29]. - The company incurred a total operating expense of ¥250,039,519.81 in Q1 2022, which is an increase from ¥238,396,055.07 in Q1 2021[29]. Cash Flow and Assets - The net cash flow from operating activities was CNY -122,659,711.70, indicating significant cash outflow[5]. - Cash and cash equivalents were CNY 874,686,811.02 as of March 31, 2022, compared to CNY 1,136,415,846.70 as of December 31, 2021, a decline of 23.1%[22]. - The company generated operating cash flow of ¥127,379,808.11 in Q1 2022, down 46.4% from ¥237,524,422.23 in Q1 2021[29]. - Cash flow from investing activities showed a net outflow of ¥136,919,240.27 in Q1 2022, compared to a net outflow of ¥16,351,651.68 in Q1 2021, reflecting a significant increase in investment expenditures[30]. - Total current assets decreased to CNY 2,262,104,221.80 in Q1 2022 from CNY 2,618,412,756.80 in Q1 2021, a reduction of 13.6%[23]. - Total non-current assets increased to CNY 2,668,288,767.02 in Q1 2022 from CNY 2,603,960,108.71 in Q1 2021, an increase of 2.5%[23]. - Cash and cash equivalents at the end of Q1 2022 were ¥824,610,928.87, down from ¥1,077,345,821.41 at the end of Q1 2021, a decrease of approximately 23.5%[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,771[9]. - The largest shareholder, Shanghai Lansheng (Group) Co., Ltd., held 41.17% of the shares[10]. - Shareholders' equity attributable to the parent company decreased by 5.03% to CNY 3,529,162,240.25[6]. - Total equity decreased to CNY 3,600,528,168.61 in Q1 2022 from CNY 3,792,306,859.51 in Q1 2021, a decrease of 5%[25]. Operational Challenges - The company reported a significant impact on its business revenue due to the ongoing COVID-19 pandemic, which has led to a continuous halt in its exhibition business since early 2022[12]. - The company has faced significant operational challenges due to the pandemic, which is expected to adversely affect its financial condition and operating results for the entire year of 2022[12]. - The company experienced a 31.72% reduction in operating costs, attributed to the impact of the pandemic[7]. - The company has actively participated in pandemic prevention efforts, converting the Shanghai Expo Exhibition Center into a makeshift hospital to support over 7,000 patients during peak times[13]. - The company has formed a management team of 76 employees to coordinate with over 300 construction personnel for the renovation and operational support of makeshift hospitals[13]. Corporate Actions - The company plans to terminate its A-share restricted stock incentive plan due to the adverse effects of the pandemic on its operational performance, which has made it difficult to meet expected targets[15]. - As of March 31, 2022, the company has repurchased a total of 3,159,840 shares, accounting for approximately 0.59% of its total share capital[16]. - The company has proposed to change the purpose of repurchased shares from "for stock incentive plans" to "for cancellation and corresponding reduction of registered capital"[16]. - The company is undergoing changes to its registered capital and business scope, with the total number of shares decreasing from 535,920,895 to 532,761,055 after the planned cancellation of repurchased shares[17]. - The company has revised its articles of association to reflect changes in registered capital and business scope, including the addition of medical device sales[17]. Accounts Receivable and Inventory - Accounts receivable decreased by 36.58%, indicating improved collection efforts[7]. - Accounts receivable decreased to CNY 56,052,491.81 in Q1 2022 from CNY 88,379,819.48 in Q1 2021, representing a decline of 36.5%[23]. - Inventory increased significantly to CNY 65,597,129.23 in Q1 2022, up 96% from CNY 33,509,600.87 in Q1 2021[23].

Financial Performance - The company's operating revenue for 2021 was ¥924,933,194.58, a decrease of 68.98% compared to ¥2,982,152,998.62 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥119,998,158.24, down 13.27% from ¥138,353,680.40 in 2020[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 96.12% to ¥120,172,134.95 from ¥61,273,717.28 in 2020[22] - The net cash flow from operating activities for 2021 was ¥134,303,676.46, a significant recovery from a negative cash flow of ¥73,801,589.86 in 2020[22] - The total assets at the end of 2021 were ¥5,222,372,865.51, an increase of 14.50% from ¥4,561,085,308.44 at the end of 2020[22] - The net assets attributable to shareholders at the end of 2021 were ¥3,715,953,979.39, a slight increase of 0.22% from ¥3,707,861,893.95 at the end of 2020[22] - Basic earnings per share for 2021 were ¥0.224, a decrease of 13.18% from ¥0.258 in 2020[23] - The weighted average return on net assets for 2021 was 3.22%, down 0.30 percentage points from 3.52% in 2020[24] Dividend Distribution - The company plans to distribute a cash dividend of ¥1.13 per 10 shares, totaling ¥60,201,999.22[6] - The company distributed cash dividends of 1.30 RMB per 10 shares, totaling 69,669,716.35 RMB, which accounted for 50.36% of the net profit attributable to shareholders for the year[142] - The company’s cash dividend policy emphasizes a minimum distribution of 30% of the net profit attributable to shareholders in profitable years, ensuring a stable and continuous return to investors[141] Exhibition Operations - The company hosted 12 offline exhibitions in 2021, with a total exhibition area of nearly 600,000 square meters and an audience of 500,000 people[30] - The operating revenue for the exhibition group reached 890 million RMB in 2021, representing a year-on-year growth of 27.97%, and the net profit after deducting non-recurring gains and losses was 82.96 million RMB, exceeding the performance commitment by 113.50%[30] - The company successfully organized the first Chengdu International Industrial Expo in 2021, focusing on industrial integration development in the western region[34] - The company organized and hosted a total of 15 major exhibitions and events during the reporting period, with participation ranging from 800 to 162,000 attendees[45] - The company hosted the 2021 World Artificial Intelligence Conference, covering an exhibition area of 40,000 square meters, highlighting its focus on the AI industry[47] - The company operates a complete exhibition industry chain, encompassing exhibition organization, venue operation, conference activities, and exhibition services[50] - The company has a strong capability in organizing large-scale exhibitions, with notable events including the China International Industrial Expo and the Shanghai International Advertising Technology Equipment Exhibition[50] Strategic Initiatives - The company aims to become an internationally renowned and domestically leading exhibition enterprise group, focusing on "Exhibition China" and "Digital Exhibition" strategies[39] - The company plans to enhance its core competitiveness and brand influence by integrating "Digital Exhibition" and "Exhibition China" strategies, focusing on innovation and technology collaboration[86] - The company will establish three major platforms: "Management Information Platform," "Cloud Exhibition Platform," and "Big Data Platform" to empower "Digital Exhibition" initiatives[87] - The company aims to complete regional layout in at least ten major exhibition potential cities or blank areas by 2025 as part of its "Exhibition China" strategy[86] Risk Management - The company has indicated potential risks in future development strategies, which investors should be aware of[7] - The company faces risks including intensified market competition, potential talent loss, and challenges in securing quality venue and event resources[94] - The company anticipates continued challenges in the exhibition industry due to the lingering effects of the COVID-19 pandemic, impacting business recovery and operational certainty[84] Corporate Governance - The company held 11 board meetings and 4 shareholder meetings in 2021, approving significant proposals including name change and share repurchase plans[40] - The company emphasizes investor relations, providing communication channels and actively engaging with investors through various platforms[104] - The company strictly follows information disclosure regulations, with no incidents of insider trading reported during the reporting period[103] - The company has established a long-term mechanism to prevent the controlling shareholder from occupying company funds, ensuring independent operation[100] Employee Welfare and Development - The company has a training plan for new employees, including basic training and ongoing education to enhance professional skills[140] - The company emphasizes employee care by providing necessary labor protection supplies and conducting annual health check-ups for on-duty employees[156] - Employee training programs aim to improve business skills and overall quality, fostering a culture of teamwork and mutual support[156] - The company actively promotes energy-saving and green environmental concepts among employees, encouraging reduced use of disposable products[156] Financial Management - The company has a total of 172,595.27 thousand RMB in entrusted financial management, with an outstanding balance of 65,000.00 thousand RMB[180] - The company plans to invest 300 million RMB in the Shanghai New Exhibition Industry Private Equity Fund, accounting for 49.92% of the total fund size of 1 billion RMB[177] - The company continues to explore new financial products and strategies to enhance returns for its stakeholders[184] Shareholder Engagement - The company held its first extraordinary general meeting on February 23, 2021, with 338,261,568 shares represented, accounting for 63.12% of the total shares[108] - The second extraordinary general meeting on April 8, 2021, had 340,505,733 shares represented, which is 63.54% of the total shares, and approved the change of the company's name[109] - The company’s independent directors have confirmed compliance with the cash dividend policy and the protection of minority shareholders' rights[143]

Financial Performance - The company's operating revenue for the third quarter was ¥252,894,979.63, a decrease of 72.76% compared to the same period last year[6] - The net profit attributable to shareholders was ¥9,200,843.26, reflecting an 88.16% decline year-over-year[6] - The basic earnings per share for the quarter was ¥0.02, down 85.71% from ¥0.14 in the previous year[6] - Total revenue for the first three quarters of 2021 was CNY 597,471,331.43, a significant decrease from CNY 2,348,739,769.28 in the same period of 2020[22] - Total operating costs for the first three quarters of 2021 were CNY 575,719,320.02, down from CNY 2,361,004,940.16 year-over-year[22] - Net profit for Q3 2021 reached CNY 82,668,864.13, compared to CNY 59,739,615.42 in Q3 2020, reflecting a year-over-year increase[23] - Total comprehensive income for the third quarter was CNY 53,925,211.15, a decrease of 20% compared to the previous year[24] - Basic and diluted earnings per share increased to CNY 0.15 from CNY 0.11, representing a growth of 36.36%[24] Assets and Liabilities - The total assets at the end of the reporting period increased by 13.29% to ¥4,561,085,308.44 compared to the end of the previous year[6] - The company's total assets as of Q3 2021 amounted to CNY 5,167,439,037.75, up from CNY 4,561,085,308.44 in the previous year[21] - Total liabilities increased to CNY 1,406,495,868.05 in Q3 2021, compared to CNY 788,679,416.57 in Q3 2020[20] - The company's cash and cash equivalents decreased to CNY 2,558,970,943.65 from CNY 2,665,453,895.19 year-over-year[21] - Total assets amounted to $4.56 billion, a decrease of $626.12 million compared to the previous period[30] - Total liabilities reached $788.68 million, reflecting a decrease of $626.12 million from the prior period[31] - Current liabilities totaled $714.93 million, with accounts payable at $229.28 million[30] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥41,944,927.96, a significant decrease from the previous year's negative cash flow[6] - Net cash flow from operating activities for the first three quarters was CNY 41,944,927.96, a significant improvement from a negative cash flow of CNY -88,946,289.39 in the same period last year[26] - Cash inflow from operating activities totaled CNY 899,707,380.27, down 67.24% from CNY 2,741,636,079.44 in the previous year[25] - Cash outflow from operating activities decreased to CNY 857,762,452.31 from CNY 2,830,582,368.83, a reduction of 69.7%[25] - Net cash flow from investing activities was CNY 59,267,463.87, down 89.5% from CNY 565,096,887.53 in the previous year[26] - Total cash and cash equivalents at the end of the period were CNY 1,069,219,207.58, a decrease from CNY 1,212,931,977.58 year-over-year[26] Shareholder Information - The company had a total of 18,045 common shareholders at the end of the reporting period[9] - The largest shareholder, Shanghai Lansheng (Group) Co., Ltd., held 41.17% of the shares[9] - The company approved a stock incentive plan to grant up to 5.3592 million A-shares to motivate key personnel[15] - The company plans to repurchase shares to enhance investor confidence and support the stock incentive plan[17] Investments and Acquisitions - The company plans to invest RMB 20 million to establish Wuhan International Exhibition Group Co., Ltd., holding a 20% stake[12] - The company intends to acquire control of the CMM China Electronic Manufacturing Automation & Resources Exhibition, with an investment framework agreement signed in October[13] - The company will invest RMB 3.5398 million to acquire a 35% stake in Donghao Lansheng Ruili Equity Investment Management Co., Ltd., becoming its largest shareholder[13] Impact of External Factors - The COVID-19 pandemic has caused delays in several exhibitions, impacting the company's revenue for the third quarter[14] Accounting Standards - The company recognized lease liabilities of $626.12 million due to the adoption of new accounting standards[31] - The company has implemented new accounting standards for leases effective January 1, 2021, impacting financial reporting[31]