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]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 344,576,351.80, a decrease of 75.74% compared to CNY 1,420,367,228.83 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was CNY 68,679,858.49, a significant recovery from a loss of CNY 20,023,166.56 in the previous year[21]. - The net cash flow from operating activities was negative at CNY -10,940,747.33, an improvement from CNY -145,420,155.23 in the same period last year[21]. - Basic earnings per share for the first half of 2021 were CNY 0.13, a recovery from CNY -0.04 in the same period last year[22]. - The weighted average return on equity increased by 2.37 percentage points to 1.85% compared to -0.52% in the previous year[22]. - The company reported a significant increase of 219.36% in net profit after deducting non-recurring gains and losses, reaching CNY 71,064,795.26[21]. - The company achieved a revenue of 345 million yuan and a net profit of 68 million yuan for the first half of 2021[44]. - The company reported a net profit attributable to the parent company of 22.32 million yuan for the first half of 2021, which is part of the performance commitment of 73.09 million yuan for the entire year[100]. Assets and Liabilities - The total assets increased by 10.40% to CNY 5,035,469,325.92 compared to CNY 4,561,085,308.44 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.70% to CNY 3,644,789,242.82 from CNY 3,707,861,893.95 at the end of the previous year[21]. - Total liabilities increased to CNY 1,326,660,850.22 from CNY 788,679,416.57, marking a significant rise of about 68%[115]. - The total equity of the company was CNY 3,614,987,310.20, down from CNY 3,702,558,268.58, indicating a decrease of 2.4%[118]. - The total owner's equity at the end of the reporting period is CNY 3,820,317,123.64, showing a decrease of CNY 64,177,389.36 compared to the beginning of the year[139]. Operational Highlights - The company has a comprehensive resource in the exhibition industry, covering exhibition organization, venue operation, and event services, with a focus on enhancing its brand recognition[30]. - In 2021, the company hosted major events such as the World Artificial Intelligence Conference, attracting hundreds of Fortune 500 executives and thousands of professionals[31]. - The company operates the Shanghai World Expo Exhibition and Convention Center, integrating AI and 5G technology for smart venue management[31]. - The company hosted over 150 events annually at the Shanghai World Expo Exhibition and Convention Center, with an exhibition area exceeding 2 million square meters[41]. - The World Artificial Intelligence Conference attracted over 70,000 professional visitors and featured more than 100 forums, with a total of 3.52 billion views on live broadcasts[37]. - The company organized 5,408 offline exhibitions in 2020, with a total exhibition area of 7,726.61 million square meters, despite a 50.98% decrease compared to 2019[29]. Strategic Initiatives - The company plans to enhance its competitiveness through resource integration and digital transformation in the exhibition industry[29]. - The company is actively involved in the development of digital exhibitions, although the current revenue share from this segment remains low[29]. - The company aims to leverage its full industry chain resources to drive growth in the exhibition sector, focusing on both domestic and international markets[30]. - The company has established strong capabilities in organizing large-scale exhibitions and events, enhancing its market adaptability and talent development[41]. Financial Management and Investments - The company has engaged in various entrusted financial management plans, with a total amount of RMB 10,000,000 in a six-month rolling bond plan yielding an annualized return of 1.56%, resulting in an actual return of RMB 78,640[73]. - The company has also invested RMB 5,000,000 in a collective asset management plan with an annualized return of 4.13%, yielding an actual return of RMB 218,390[73]. - The company has ongoing investments in multiple financial products, with expected returns ranging from 3.00% to 5.90% across different plans[74]. Corporate Governance - The company held its first extraordinary general meeting on February 23, 2021, to discuss the election of an independent director[77]. - The second extraordinary general meeting was held on April 8, 2021, to approve the change of the company's name and amendments to the articles of association[78]. - The company appointed a new independent director, Lu Yong, to the board on February 23, 2021[81]. - The company reported a change in senior management, with Zhou Jin being removed from the position of vice president due to job relocation[81]. Risk Management - The company faces potential risks as outlined in the management discussion and analysis section of the report[8]. - The company faces risks including operational risks from the exhibition business, intensified market competition, performance volatility, and talent retention challenges[61][62][63]. - The company has experienced significant impacts from the COVID-19 pandemic, leading to the postponement or cancellation of exhibitions, affecting expected revenues[59]. Compliance and Accounting - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position, operating results, changes in equity, and cash flows accurately[157]. - The company follows specific accounting policies for mergers and acquisitions, ensuring that the initial investment cost of long-term equity investments is determined based on fair value[161][162]. - The company consolidates financial statements based on control, including all subsidiaries under its control in the consolidated financial statements[165].

Financial Performance - Operating revenue decreased by 90.25% to CNY 63,860,350.54 compared to the same period last year[12] - Net profit attributable to shareholders was a loss of CNY 46,444,559.63, compared to a loss of CNY 71,046,757.74 in the previous year[7] - The net loss for Q1 2021 was CNY 51,048,244.71, compared to a net loss of CNY 70,087,087.84 in Q1 2020, indicating an improvement in financial performance[29] - Total revenue for Q1 2021 was CNY 63,860,350.54, a decrease of 90.2% compared to CNY 654,767,558.41 in Q1 2020[28] - Total operating costs for Q1 2021 were CNY 122,407,629.42, down from CNY 677,752,650.14 in Q1 2020, reflecting a significant reduction in expenses[29] - Total comprehensive income for Q1 2021 was -¥134,364,246.25, compared to -¥240,545,321.33 in Q1 2020[30] Cash Flow - The net cash flow from operating activities was a negative CNY 871,632.84, showing a significant improvement from a negative CNY 67,822,805.52 in the same period last year[7] - Cash flow from operating activities for Q1 2021 was -¥871,632.84, compared to -¥67,822,805.52 in Q1 2020[37] - The company reported a total cash outflow from operating activities of 30,840,136.96 RMB in Q1 2021, compared to 66,976,201.43 RMB in Q1 2020, reflecting a decrease of approximately 54%[39] - Investment activities generated a net cash outflow of -¥16,351,651.68 in Q1 2021, compared to a net inflow of ¥8,107,503.41 in Q1 2020[37] - The net cash flow from investment activities was -53,258,871.80 RMB in Q1 2021, contrasting with a positive cash flow of 29,928,717.01 RMB in Q1 2020, indicating a shift of 278%[40] Assets and Liabilities - Total assets increased by 9.67% to CNY 5,002,040,401.40 compared to the end of the previous year[7] - The company reported a significant increase in inventory by 279.40% to CNY 2,308.28 million due to increased contract performance costs in exhibition planning projects[13] - Current liabilities totaled 705.22 million RMB, slightly down from 714.93 million RMB at the end of 2020[22] - The company’s total non-current assets increased to 2,415.94 million RMB from 1,895.63 million RMB at the end of 2020[22] - Total liabilities as of March 31, 2021, were CNY 231,980,977.77, down from CNY 276,459,008.84 at the end of 2020[27] - The company's total liabilities rose from 788,679,416.57 RMB to 1,418,885,837.56 RMB, marking an increase of about 79.9%[44] Shareholder Information - The total number of shareholders was 19,237 at the end of the reporting period[10] - Total equity attributable to shareholders reached CNY 3,707,861,893.95 as of Q1 2021[45] - The total owner's equity was CNY 3,702,558,268.58, showing a solid capital structure[49] Accounting and Standards - The financial expenses increased significantly due to the implementation of new accounting policies related to lease standards[12] - The implementation of new accounting standards did not have a significant impact on the company's retained earnings and other comprehensive income for 2021[17] - The company adopted new leasing standards starting January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[45] Company Changes - The company completed a major asset restructuring in October 2020, shifting its main business from import-export trade to exhibition services[14] - The company changed its name to "DLG Exhibitions & Events Corporation Limited" on April 8, 2021, reflecting its new business focus[15]

Financial Performance - In 2020, the company's operating revenue was approximately CNY 2.98 billion, a decrease of 44.52% compared to CNY 5.37 billion in 2019[22]. - The net profit attributable to shareholders was CNY 138.35 million, down 55.80% from CNY 313.02 million in the previous year[22]. - The basic earnings per share decreased by 55.82% to CNY 0.258 from CNY 0.584 in 2019[22]. - The weighted average return on equity fell to 3.52%, a decrease of 4.77 percentage points from 8.29% in 2019[22]. - The net cash flow from operating activities was negative CNY 73.80 million, a decline of 205.57% compared to a positive cash flow of CNY 69.90 million in 2019[22]. - The total assets at the end of 2020 were approximately CNY 4.56 billion, down 18.71% from CNY 5.61 billion at the end of 2019[22]. - The company's net assets attributable to shareholders decreased by 6.51% to CNY 3.71 billion from CNY 3.97 billion in 2019[22]. - The company reported a significant increase of 139.66% in the basic earnings per share after deducting non-recurring gains and losses, reaching CNY 0.139[22]. - The company achieved a net profit of 46.72 million yuan in the exhibition group, completing 133.26% of its performance commitment of 22.17 million yuan[66]. - The net profit attributable to the parent company for 2020 was 29.54 million, exceeding the performance commitment of 22.17 million[134]. Business Transition and Strategy - The company underwent a major asset restructuring in October 2020, shifting its main business focus from import-export trade to exhibition services[32]. - The company aims to strengthen its brand in the exhibition industry, becoming a recognized leader in the sector[32]. - The company is focusing on regional expansion, hosting the first South China International Industrial Expo in Shenzhen and collaborating on the second China (South China) International Robot and Automation Exhibition in Dongguan[66]. - The company aims to complete regional layout in at least ten major exhibition potential cities by 2025 as part of its "Exhibition China" strategy[108]. - The company plans to enhance its core competitiveness through the integration of "online and offline" exhibition models, leveraging technologies such as big data and virtual imaging[108]. - The company is committed to supporting national strategies and enhancing the quality of development by improving existing exhibitions and exploring new projects[110]. - The company is focused on both internal growth and external expansion, utilizing its platform advantages to seek acquisitions in the exhibition industry[109]. Event Management and Industry Impact - The company hosted significant events, including the World Artificial Intelligence Conference, attracting numerous global industry leaders[33]. - The 22nd China International Industry Fair (CIIF) in 2020 maintained an exhibition area of over 255,000 square meters, attracting 191,800 professional visitors, a 4.67% increase from the previous year[37]. - Nearly 500 new products and technologies were launched during the CIIF, representing a 66.67% increase compared to the previous year[37]. - The Shanghai International Advertising Festival in 2020 successfully transitioned to an online format, achieving significant engagement with over 2.6 million online viewers[40]. - The 2020 CIIF faced challenges due to the pandemic but successfully adapted to maintain its scale and influence in the industry[37]. - The World Artificial Intelligence Conference attracted over 240,000 attendees from more than 60 countries, featuring 303 exhibitors across a 20,000 square meter exhibition area[49]. Financial Management and Investments - The company aims to enhance its asset returns through financial asset management and investment management, which are significant profit sources[54]. - The company generated related financial income of 58.73 million yuan through active management of financial assets, maintaining a high level of returns despite overall market declines[71]. - The company is implementing the "Exhibition China" strategy to support regional development, aiming for multi-site layout in exhibition organization and management[112]. - The company plans to optimize its financial asset structure through secondary market operations, enhancing the ability to manage financial assets and funds[113]. - The company has a strategy to enhance investment returns through various financial means, providing solid funding support for its main exhibition business[113]. Risk Management and Challenges - The company has outlined potential risks in its future development strategies, which are detailed in the report[7]. - The company faces risks from market competition as foreign companies enter the domestic exhibition market, increasing competitive pressure[118]. - The company has a risk of operational disruption due to potential future outbreaks of COVID-19, which could impact the exhibition industry significantly[116]. - The company is focused on maintaining a stable management team to mitigate the risk of talent loss in a competitive industry[119]. Corporate Governance and Management Changes - The company held 11 board meetings and 4 shareholder meetings in 2020, approving multiple important proposals including asset restructuring and financial asset management[74]. - The company appointed Chen Huifeng as the new president and adjusted the senior management team to adapt to significant business changes following the approval of a major asset restructuring by the China Securities Regulatory Commission[200]. - The company announced the appointment of Zhou Wei and Zhou Jin as vice presidents, and Lou Mingming as the new financial director, reflecting a restructuring of the management team[200]. - The company’s board secretary, Yang Min, resigned due to retirement, indicating a transition in key management roles[200]. Community Engagement and Employee Welfare - The company reported a total investment of over 12 million yuan in poverty alleviation efforts[164]. - The company donated 380,000 yuan to the "Donghao Lansheng Group Mutual Aid Fund" to support employees facing severe health issues[164]. - The company implemented a comprehensive COVID-19 prevention plan, ensuring a safe working environment for employees[165]. - The company organized annual health check-ups for employees to promote early diagnosis and treatment[167]. - The company maintained a focus on employee welfare, providing financial assistance to retired employees during traditional holidays[167]. Shareholder Information and Equity Structure - The company issued 115,278,607 new shares at a price of 10.05 RMB per share, totaling 1,158.55 million RMB for the asset swap transaction[173]. - The largest shareholder, Shanghai Lansheng Group Co., Ltd., holds 41.17% of the shares, totaling 220,658,920 shares[182]. - The total number of shares held by the top ten shareholders accounts for a significant portion of the company's equity, with the largest three shareholders alone holding over 65%[182]. - The actual controller of the company is the Shanghai State-owned Assets Supervision and Administration Commission, which oversees the management of state-owned assets[187].

Financial Performance - Net profit attributable to shareholders decreased by 64.89% to CNY 57,197,548.28 for the first nine months of the year[6]. - Operating revenue for the first nine months was CNY 2,006,232,947.68, down 21.32% year-on-year[6]. - Basic earnings per share dropped by 64.10% to CNY 0.14[6]. - The company anticipates a significant decline in net profit for the year due to the impact of the COVID-19 pandemic on the exhibition business and fluctuations in the securities market affecting the fair value of financial assets[19]. - Total operating revenue for Q3 2020 was CNY 3,057,718.93, a decrease from CNY 63,470,393.12 in Q3 2019[34]. - Net profit for Q3 2020 reached CNY 46,948,102.75, compared to a net loss of CNY 5,249,163.86 in Q3 2019[35]. - Total comprehensive income for the first three quarters of 2020 was CNY 626,749,122.84, compared to CNY 462,411,709.93 in the same period of 2019[36]. Assets and Liabilities - Total assets decreased by 3.71% to CNY 4,338,777,963.47 compared to the end of the previous year[6]. - The company's total assets decreased by 30.72% to 130,440.39 million CNY due to the sale of trading financial assets and a reduction in the balance of financial products[15]. - Current assets totaled RMB 2,449,067,712.04, down from RMB 2,788,615,301.67 at the end of 2019, reflecting a decline of approximately 12.2%[22]. - The company's total liabilities decreased to RMB 840,400,701.78 from RMB 945,072,773.76, a reduction of approximately 11%[24]. - The total liabilities to equity ratio is approximately 0.27, indicating a conservative leverage position[46]. Cash Flow - Net cash flow from operating activities improved to -CNY 49,890,182.76 from -CNY 166,090,870.99 in the same period last year[6]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 2,219,918,723.53, down from CNY 2,587,458,947.44 in the same period of 2019[39]. - The net cash flow from operating activities for the first nine months of 2020 was -88,402,795.75 RMB, compared to -134,714,900.32 RMB in the first nine months of 2019[42]. - Total cash inflow from investment activities in Q3 2020 was 2,694,902,523.92 RMB, compared to 1,287,263,555.44 RMB in Q3 2019, indicating a significant increase of approximately 109.5%[40]. Shareholder Information - The total number of shareholders reached 20,013 by the end of the reporting period[10]. - The largest shareholder, Shanghai Lansheng (Group) Co., Ltd., holds 52.46% of the shares[10]. - Shareholders' equity totaled ¥3,450,227,404.01, slightly down from ¥3,522,971,887.56 in the previous year, a decrease of about 2%[28]. Income and Expenses - Tax and additional fees increased by 49.58% to 2,970.8 million CNY due to higher turnover tax payments[13]. - Investment income rose by 36.15% to 10,526.51 million CNY, driven by increased financial management income and gains from the sale of financial assets[13]. - The company's income tax expense decreased by 67.57% to 1,465.75 million CNY, resulting from a reduction in total profit[13]. - The company reported a decrease in sales expenses to ¥25,432,202.60 from ¥20,988,913.83 in Q3 2019, reflecting a strategic cost management approach[31]. Inventory and Other Assets - Inventory increased by 40.54% to 11,893.43 million CNY, reflecting a rise in foreign trade business inventory[15]. - Deferred tax assets increased to RMB 17,385,295.08 from RMB 14,244,324.93, reflecting a growth of approximately 22.5%[23]. - The company's other equity instrument investments rose to RMB 1,551,186,265.36 from RMB 1,385,206,753.23, representing a growth of approximately 12%[23]. Future Outlook - The company aims to enhance its market expansion strategies and invest in new product development to drive future growth[30]. - The company has not disclosed any new product developments or market expansion strategies in this report[12].