Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,172,296,483.36, representing a year-on-year increase of 6.54% compared to CNY 2,038,920,477.15 in the same period last year[5]. - Net profit attributable to shareholders was CNY 211,612,075.57, a slight decrease of 0.59% from CNY 212,857,367.36 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was CNY 173,076,900.92, down 6.72% from CNY 185,543,928.84 in the same period last year[5]. - Total revenue for Q1 2023 reached ¥2,172,296,483.36, an increase of 6.5% compared to ¥2,038,920,477.15 in Q1 2022[25]. - Net profit for Q1 2023 was ¥211,151,334.75, slightly higher than ¥210,751,215.17 in Q1 2022, indicating a marginal increase of 0.2%[27]. - Total comprehensive income for the first quarter of 2023 was CNY 211,151,334.75, compared to CNY 210,751,215.17 in the same period of 2022, reflecting a slight increase[28]. Cash Flow - The net cash flow from operating activities improved significantly to -CNY 69,269,437.91, an 89.97% increase compared to -CNY 690,864,230.31 in the previous year[6]. - Cash inflow from operating activities increased significantly to CNY 2,244,519,400.44 in Q1 2023, up from CNY 1,492,080,751.87 in Q1 2022, representing a growth of approximately 50.5%[29][32]. - Cash outflow from operating activities totaled CNY 2,313,788,838.35 in Q1 2023, compared to CNY 2,182,944,982.18 in Q1 2022, leading to a net cash flow from operating activities of -CNY 69,269,437.91[32]. - Investment activities resulted in a net cash outflow of -CNY 154,503,735.80 in Q1 2023, compared to -CNY 95,069,860.38 in Q1 2022, indicating increased investment expenditures[33]. - The company reported a tax refund of CNY 8,765,649.32 in Q1 2023, significantly higher than CNY 280,325.33 in Q1 2022, indicating improved tax recovery efforts[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,949,168,020, reflecting a 1.86% increase from the previous year's end[6]. - The company's total assets as of the end of the reporting period amounted to ¥20,949,168,029.18, compared to ¥20,566,412,546.95 at the end of the previous period, representing a growth of 1.9%[23]. - Total liabilities increased to ¥7,377,229,892.70 in Q1 2023 from ¥7,205,548,645.22 in Q1 2022, marking a rise of 2.4%[23]. - The total assets decreased to CNY 12,957,635,433.82 in Q1 2023 from CNY 13,020,253,602.88 in Q1 2022, reflecting a decline of 0.48%[39]. - The total liabilities decreased to CNY 4,590,375,654.90 in Q1 2023 from CNY 4,764,817,924.47 in Q1 2022, a reduction of 3.64%[39]. Equity and Shareholder Information - The total equity attributable to shareholders was CNY 13,572,342,670, marking a 1.58% increase from the previous year[6]. - The company’s equity attributable to shareholders rose to ¥13,572,342,678.22 from ¥13,360,794,665.04, reflecting an increase of 1.6%[23]. - The total equity increased to CNY 8,367,259,778.92 in Q1 2023 from CNY 8,255,435,678.41 in Q1 2022, marking a growth of 1.35%[39]. Operational Metrics - Basic and diluted earnings per share remained stable at CNY 0.10, unchanged from the same period last year[6]. - The weighted average return on equity decreased to 1.57%, down 0.14 percentage points from 1.71% in the previous year[6]. - Research and development expenses for Q1 2023 were ¥4,103,569.43, slightly down from ¥4,238,207.19 in Q1 2022, indicating a decrease of 3.2%[25]. - The company reported a decrease in employee compensation liabilities from ¥499,024,978.14 in Q1 2022 to ¥319,551,575.69 in Q1 2023, a reduction of 36.1%[23]. Inventory and Receivables - Accounts receivable decreased by 37.24% due to an increase in cash settlement ratio and a reduction in bank acceptance bills from non-6+9 banks[12]. - Inventory increased by 33.14% primarily due to normal stocking of teaching materials during the reporting period[12]. - Inventory reached CNY 2.21 billion, up from CNY 1.66 billion in the previous period[20]. Financial Expenses and Income - Financial expenses decreased by 70.09% due to an increase in interest income during the reporting period[12]. - The company reported a financial income of CNY 14,253,828.82 in Q1 2023, up from CNY 6,473,283.44 in Q1 2022, indicating a growth of 120.66%[40].

Dividend and Financial Performance - The company plans to distribute a cash dividend of RMB 3.90 per 10 shares, totaling RMB 813,891,000, based on a total share capital of 2,086,900,000 shares as of December 31, 2022[3]. - The net profit attributable to shareholders for 2022 was CNY 1,680,445,174.45, reflecting a 9.63% year-over-year growth[18]. - The basic earnings per share for 2022 was CNY 0.81, a 10.96% increase compared to CNY 0.73 in 2021[19]. - The company achieved a total revenue of 11.22 billion RMB, with publishing revenue at 3.30 billion RMB (up 4.88%) and distribution revenue at 8.47 billion RMB (up 3.59%)[60]. - The total assets reached 20.57 billion RMB, a year-on-year increase of 4.84%, while net assets grew by 7.88% to 13.36 billion RMB[60]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% year-over-year growth[144]. Operational Highlights - The company's operating revenue for 2022 was CNY 11,215,024,271.79, representing a 2.98% increase compared to the previous year[18]. - The company recorded a decrease in cash flow from operating activities in Q2 2022, with a net cash outflow of CNY 690,864,230.31[22]. - The company achieved operating revenue of 11.215 billion yuan in 2022, representing a year-on-year growth of 2.98%[28]. - The company launched 52 new types of educational materials and 524 educational products during the reporting period, enhancing its educational product structure[34]. - The company has established a network of 656 bookstores across Shandong Province, with a total operating area of 320,000 square meters[102]. Risk Management and Compliance - The company has confirmed that there are no significant risks that could materially affect its production and operations during the reporting period[3]. - The company has received a standard unqualified audit report from its accounting firm, indicating the financial report's authenticity and completeness[3]. - The company has not violated any regulatory decision-making procedures in providing guarantees[3]. - The company has established a comprehensive internal control management system to ensure compliance and asset safety[179]. - The company has implemented a robust information disclosure management system to ensure transparency and timely communication with all shareholders[133]. Strategic Initiatives and Future Outlook - The company is focusing on the integration of digital and cultural innovation, establishing a collaborative system with 56 institutions in the digital publishing sector[41]. - The company aims to enhance its publishing capabilities by focusing on high-quality publications, best-selling books, and integrated publishing projects[114]. - The company is actively pursuing international expansion through initiatives like the "Belt and Road" publishing cooperation[117]. - The company plans to expand its market presence and invest in new product development to enhance growth prospects[86]. - The company is committed to digital integration and innovation, leveraging new technologies such as big data and AI to modernize content production and distribution[113]. Social Responsibility and Community Engagement - The company invested RMB 89.8 million in environmental protection during the reporting period[183]. - A total of RMB 1,936.79 million was invested in social responsibility projects, benefiting 110,000 people[188]. - The company organized over 400 mobile book sales activities, achieving a coverage rate of over 70% in towns without physical outlets[192]. - The company has committed to avoiding competition with Shandong Publishing Group, ensuring no direct or indirect involvement in competing businesses[194]. - The company focuses on special groups, providing assistance to left-behind children and elderly individuals in need[192]. Governance and Management - The company has established various specialized committees within the board to oversee major investment decisions and executive compensation[133]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 583.20 million CNY[138]. - The company has not experienced any changes in shareholding for its directors and senior management during the reporting period[138]. - The company held a total of 8 board meetings in 2022, with significant decisions made regarding financial audits and internal control evaluations[156]. - The company has implemented a tiered compensation system that aligns with social and economic benefits, balancing the interests of employees, the company, and shareholders[169].

Financial Performance - The company's operating revenue for the third quarter was ¥2,456,085,577.75, representing a year-on-year increase of 9.43%[4] - The net profit attributable to shareholders was ¥272,958,402.58, showing a decrease of 8.00% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥252,782,163.98, down by 7.81% year-on-year[4] - Total operating revenue for the first three quarters of 2022 reached ¥7,345,485,079.75, an increase of 5.95% compared to ¥6,932,529,884.89 in the same period of 2021[19] - Total operating costs for the same period were ¥6,139,126,906.59, up 6.37% from ¥5,771,444,748.94 in 2021[19] - Net profit attributable to shareholders of the parent company was ¥1,135,069,612.01, compared to ¥1,103,725,364.72 in the previous year, reflecting a growth of 2.83%[21] - The total comprehensive income for the period was ¥1,129,450,737.93, compared to ¥1,077,952,777.43 in the previous year, showing an increase of 4.78%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥20,369,107,298.34, reflecting a 3.84% increase from the end of the previous year[6] - The total assets of the company are 20,369,107,298.34 RMB, compared to 19,616,342,221.82 RMB in the previous year, showing an increase of approximately 3.8%[16] - The company has short-term borrowings of 68,576,867.63 RMB, up from 24,269,785.23 RMB, representing a significant increase[16] - The company's total liabilities increased to ¥7,584,675,322.59, up from ¥7,230,945,984.00, indicating a rise of 4.87%[18] - The total equity attributable to shareholders of the parent company was ¥12,775,604,606.91, an increase from ¥12,370,950,994.90, representing a growth of 3.27%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥187,769,524.21, down by 68.02% year-on-year[11] - Operating cash inflow for the first three quarters of 2022 was CNY 6,974,211,475.12, a decrease of 4.4% compared to CNY 7,294,074,117.10 in the same period of 2021[25] - Net cash flow from operating activities was CNY 187,769,524.21, down 68.0% from CNY 587,158,857.03 year-on-year[27] - Cash received from the recovery of investments was CNY 1,850,000,000.00, an increase of 12.1% compared to CNY 1,650,000,000.00 in the previous year[27] - Cash outflow for investment activities totaled CNY 2,271,993,070.89, a decrease of 7.8% from CNY 2,463,029,758.51 in the same period last year[27] - Net cash flow from financing activities was -CNY 748,842,288.87, compared to -CNY 658,230,034.62 in the previous year, indicating a worsening in financing conditions[27] - The ending balance of cash and cash equivalents was CNY 6,369,040,545.36, up from CNY 5,839,476,675.90 at the end of the same period last year[27] - Total cash outflow from operating activities was CNY 6,786,441,950.91, an increase of 1.2% compared to CNY 6,706,915,260.07 in the previous year[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,622, with the top ten shareholders holding 76.81% of the shares[12] - Shandong Publishing Group Co., Ltd. holds 1,602,944,478 shares, accounting for 76.81% of total shares[12] - The company has no significant related party transactions or concerted actions among the top ten shareholders[13] Operational Insights - The accounts receivable increased by 60.94%, primarily due to the rise in sales of autumn textbooks and auxiliary materials[9] - The inventory increased by 35.68%, attributed to seasonal stocking for educational materials[9] - The company reported a 182.56% increase in short-term borrowings, mainly due to the expansion of import financing activities[9] - The company has not reported any significant new strategies or product developments during the reporting period[14] - The financial statements for the reporting period are unaudited[14] Employee Compensation - The company reported a decrease in employee compensation payable to ¥275,201,970.17 from ¥398,138,832.91, a reduction of 30.83%[18] - Cash paid to employees was CNY 1,164,907,310.41, an increase of 4.7% from CNY 1,112,717,868.87 in the same period last year[25]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,889,399,502, representing a 4.29% increase compared to CNY 4,688,171,833.17 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 862,111,209.43, up 6.82% from CNY 807,046,445.33 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 774,923,455.89, an increase of 3.29% compared to CNY 750,243,235.00 last year[20]. - The net cash flow from operating activities was CNY 69,552,854.90, a significant decrease of 88.75% from CNY 618,522,262.71 in the same period last year[20]. - The net profit reached 857 million yuan, with a year-on-year increase of 6.23%[43]. - The company achieved operating revenue of 4.889 billion yuan, representing a year-on-year growth of 4.29%[43]. - The company reported a total comprehensive income of approximately ¥812.31 million for the first half of 2022, an increase from ¥705.78 million in the same period of 2021[121]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,666,383,569.26, showing a slight increase of 0.26% from CNY 19,616,342,221.82 at the end of the previous year[20]. - The total assets of the company reached CNY 13,265,175,066.62, indicating a stable asset base[132]. - Total liabilities decreased to ¥6,401,208,502.64 from ¥7,230,945,984.00, a reduction of about 11.48%[111]. - The company’s total liabilities at the end of the reporting period are RMB 11,652,911,735.33, indicating a slight decrease[134]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 43,157[101]. - The largest shareholder, Shandong Publishing Group Co., Ltd., holds 1,602,944,478 shares, representing 76.81% of the total shares[102]. - The second-largest shareholder, Hong Kong Central Clearing Limited, increased its holdings by 9,518,205 shares, totaling 80,561,119 shares, or 3.86%[102]. Business Operations - The company’s main business includes publishing, distribution, printing, and trading of printing materials, with a focus on integrating internet media and digital publishing[26]. - The textbook and auxiliary materials business has maintained steady growth over the years, contributing positively to overall performance[28]. - The company is expanding into new areas such as digital copyright, cultural tourism, and smart education, enhancing its core competitiveness[32]. - The printing business serves various clients, including publishers and government units, with a structured pricing model based on market conditions[30]. Cash Flow and Financial Health - The company’s operating cash flow net amount decreased by 88.75% to CNY 69.553 million, compared to CNY 618.522 million in the previous year[52]. - Cash inflow from operating activities for the first half of 2022 was CNY 4,661,881,384.49, a decrease of 6% compared to CNY 4,958,735,842.96 in the first half of 2021[122]. - The net increase in cash and cash equivalents for the first half of 2022 was CNY 204,568,658.28, compared to a decrease of CNY 369,587,800.48 in the same period last year[123]. Research and Development - The company’s research and development expenses amounted to CNY 9.04 million, attributed to the printing technology transformation project[52]. - Research and development expenses for the first half of 2022 were CNY 9,040,237.03, reflecting the company's commitment to innovation[116]. Environmental and Social Responsibility - The company has implemented various environmental protection measures, including the use of water-based coatings and advanced equipment to reduce emissions and waste[70]. - The company actively participates in poverty alleviation and rural revitalization efforts, including publishing themed works to showcase achievements in poverty alleviation[73]. - The company promotes rural cultural revitalization through book donations and reading activities, enhancing community engagement[76]. Corporate Governance - The company completed a new board and supervisory committee election during the reporting period[65]. - The company guarantees the protection of the rights of minority shareholders while maintaining its role as a controlling shareholder of Shandong Publishing[81]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant debts due[91]. Financial Reporting and Compliance - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[147]. - The financial statements comply with the requirements of the Chinese Accounting Standards and reflect the company's financial position as of June 30, 2022[148]. - The company adheres to specific accounting policies for revenue recognition based on actual business operations[147].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,038,920,477.15, representing a year-on-year increase of 10.50%[6] - The net profit attributable to shareholders of the listed company was CNY 212,857,367.36, reflecting a growth of 26.93% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 185,543,928.84, which is an increase of 30.87% year-on-year[6] - The basic earnings per share for the period was CNY 0.10, up by 25.00% from the previous year[6] - The total profit for Q1 2022 was 210,945,376.46 RMB, compared to 167,612,874.68 RMB in Q1 2021, indicating an increase of about 25.8%[23] - The operating profit for Q1 2022 reached 211,262,463.42 RMB, up from 167,786,885.97 RMB in Q1 2021, reflecting a growth of approximately 25.8%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 19,626,893,457.78, a slight increase of 0.05% from the end of the previous year[6] - The total liabilities decreased to ¥7,030,746,004.79 in Q1 2022 from ¥7,230,945,984.00 at the end of 2021, reflecting a reduction of approximately 2.8%[19] - Total assets reached ¥19,626,893,457.78 as of March 31, 2022, a marginal increase from ¥19,616,342,221.82 at the end of 2021[19] - The total current assets as of Q1 2022 were 13,897,629,790.32 RMB, unchanged from the previous period, suggesting stability in asset management[30] - The total liabilities as of Q1 2022 were 7,230,945,984.00 RMB, consistent with the previous year, indicating no significant increase in debt levels[31] Shareholder Equity - The equity attributable to shareholders of the listed company was CNY 12,583,808,362.26, showing a growth of 1.72% compared to the end of the previous year[6] - Shareholders' equity increased to ¥12,596,147,452.99 as of March 31, 2022, compared to ¥12,385,396,237.82 at the end of 2021, indicating a growth of about 1.7%[19] - The total equity attributable to shareholders as of Q1 2022 was 12,370,950,994.90 RMB, remaining stable compared to the previous year, reflecting consistent shareholder value[34] Cash Flow - The net cash flow from operating activities was negative at CNY -690,864,230.31, a decrease of 25.17% year-on-year[6] - The total cash inflow from operating activities in Q1 2022 was 1,492,080,751.87 RMB, down from 1,709,266,086.48 RMB in Q1 2021, a decrease of about 12.7%[27] - The net cash flow from operating activities for Q1 2022 was -690,864,230.31 RMB, compared to -551,931,359.97 RMB in Q1 2021, indicating a worsening of approximately 25.1%[27] - The net cash flow from investing activities for Q1 2022 was -95,069,860.38 RMB, an improvement from -307,886,727.30 RMB in Q1 2021, indicating a 69.1% reduction in cash outflow[29] - The net cash flow from financing activities for Q1 2022 was -3,881,113.14 RMB, a significant decline from 4,777,055.15 RMB in Q1 2021, indicating a shift in financing strategy[29] Operational Metrics - The total number of ordinary shareholders at the end of the reporting period was 43,724[11] - Research and development expenses for Q1 2022 amounted to 4,238,207.19 RMB, with no prior year data available for comparison[23] - The financial expenses for Q1 2022 were -11,961,007.30 RMB, compared to -4,347,470.19 RMB in Q1 2021, indicating an increase in financial costs[23] - The sales expenses for Q1 2022 were 203,303,518.48 RMB, slightly up from 196,253,275.15 RMB in Q1 2021, reflecting an increase of about 3.3%[23] - The tax expenses for Q1 2022 were 14,884,393.59 RMB, compared to 12,538,223.05 RMB in Q1 2021, showing an increase of approximately 18.7%[23]

Financial Performance - The company achieved an operating revenue of 10.89 billion RMB in 2021, representing a year-on-year growth of 11.70%[22]. - The net profit attributable to shareholders reached 1.53 billion RMB, an increase of 9.36% compared to the previous year[22]. - The net cash flow from operating activities was 2.56 billion RMB, showing a significant increase of 40.91% year-on-year[22]. - As of the end of 2021, total assets amounted to 19.62 billion RMB, reflecting a growth of 11.32% from the end of 2020[22]. - The net assets attributable to shareholders were 12.37 billion RMB, up by 7.45% compared to the previous year[22]. - The basic earnings per share for 2021 was 0.73 RMB, an increase of 8.96% from 2020[23]. - The weighted average return on equity increased by 0.3 percentage points to 12.84% in 2021[23]. - The company reported a quarterly revenue of 3.96 billion RMB in Q4 2021, contributing to the overall annual growth[26]. - The company achieved an annual revenue of 8.509 billion yuan, representing a year-on-year growth of 16.77%[50]. - The net profit for the year was 1.007 billion yuan, with an increase of 8.03% compared to the previous year[50]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 3.50 per 10 shares, totaling RMB 730,415,000, based on a total share capital of 2,086,900,000 shares as of December 31, 2021[4]. - The company does not plan to issue new shares or convert capital reserves into share capital this year[4]. Audit and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[3]. - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[3]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[5]. - The company has established a comprehensive information disclosure management system to ensure transparency and compliance with regulatory requirements[175]. Operational Strategy and Risks - The company has not identified any significant risks that could materially affect its operations during the reporting period[6]. - The company has not reported any major operational risks that could impact its business[6]. - The company has not disclosed any significant changes in its operational strategy or market expansion plans in the report[6]. - The company acknowledges risks from changing reader habits, rapid technological advancements, and potential impacts from COVID-19 on its operations[166]. Publishing and Product Development - The company published a total of 14,279 titles during the reporting period, including 13,997 books, 275 audio-visual electronic publications, and 7 journals, with a reprint rate of 76%, an increase of 3.4 percentage points year-on-year[35]. - The publishing business achieved an annual revenue of 3.142 billion yuan, representing a year-on-year growth of 8.52%[35]. - The company launched a series of high-quality thematic publications, with 6 titles selected as key publications by the Central Propaganda Department, ranking fourth among local publishing groups nationwide[36]. - The company is focusing on "fusion publishing" and has established a special fund to support key projects, including the "Little Lotus Listening" audio reading platform and the "Old Photos" fusion publishing project[40]. - The company is committed to innovation in publishing and has outlined a strategic plan focusing on user value, flow stickiness, and product excellence to drive transformation and upgrade its publishing business[40]. Market Expansion and Sales - The company is actively expanding its market presence both domestically and internationally, enhancing its publishing brand and achieving high-quality development in its main publishing business[35]. - The company exported 192 copyrights in 2021, including 145 to foreign markets and 47 to Hong Kong, Macau, and Taiwan[43]. - The company is actively exploring new marketing models, including community operations and live streaming sales, to enhance brand awareness[52]. - The bookstore group achieved a total book sales revenue of 825 million yuan in 2021, driven by various promotional competitions and innovative marketing strategies[54]. - The company is focusing on high-quality development as a primary goal in the publishing industry, aligning with national strategies for cultural development[147]. Human Resources and Management - The company has introduced a significant number of professional talents through public recruitment and special talent introduction, supporting its high-quality development[93]. - The company has a total of 9,747 employees, with 72 in the parent company and 9,675 in major subsidiaries[200]. - The company’s board includes independent directors, with 3 out of 8 directors being independent[193]. - The total pre-tax remuneration for senior management during the reporting period amounted to 5.8852 million yuan[175]. Future Outlook and Strategic Initiatives - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase compared to the current quarter[181]. - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[109]. - The company is transitioning from a book distributor to a comprehensive cultural service provider, exploring new business models and profit methods[153]. - The company aims to enhance its core publishing competitiveness by focusing on four key areas: quality publishing, best-selling book creation, integrated publishing, and promoting Chinese culture internationally[151]. - The company is committed to developing digital education products, particularly in the K12 sector, to align with the increasing demand for educational information technology[162].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,244,358,051.72, representing a year-on-year increase of 16.05%[4] - The net profit attributable to shareholders for the same period was CNY 296,678,919.39, with a year-on-year increase of 1.53%[4] - The net profit after deducting non-recurring gains and losses was CNY 274,197,400.74, reflecting a year-on-year increase of 3.06%[4] - Total operating revenue for the first three quarters of 2021 reached ¥6,932,529,884.89, a 20.7% increase from ¥5,746,720,193.53 in the same period of 2020[25] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥1,103,725,364.72, up 48.3% from ¥744,196,419.88 in 2020[26] - Operating profit for the first three quarters of 2021 was ¥1,105,164,565.73, compared to ¥714,808,789.69 in 2020, reflecting a 54.5% increase[25] - Basic earnings per share for the first three quarters of 2021 were ¥0.53, compared to ¥0.36 in the same period of 2020[38] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 18,888,884,640.27, an increase of 7.19% compared to the end of the previous year[5] - The company's current assets totaled RMB 13,411,605,929.79, up from RMB 12,833,720,507.43 at the end of 2020, indicating an increase of about 4.5%[17] - Total liabilities reached RMB 6,972,132,470.91, up from RMB 6,115,372,625.95, which is an increase of about 14.0%[21] - The company's equity attributable to shareholders was RMB 11,926,909,654.72, compared to RMB 11,513,674,290.00 at the end of 2020, showing an increase of approximately 3.6%[21] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 587,158,857.03, showing an increase of 12.56%[5] - Cash inflow from operating activities for the first three quarters of 2021 was ¥7,294,074,117.10, an increase from ¥5,822,858,339.74 in 2020[39] - Cash received from sales of goods and services was ¥6,750,058,392.85, compared to ¥5,443,750,084.14 in the previous year, marking a 23.9% increase[39] - Net cash flow from operating activities was ¥587,158,857.03, up from ¥521,633,617.44 in the previous year, reflecting a growth of 12.5%[41] - Cash inflow from investment activities was ¥1,713,246,308.38, down 15.7% from ¥2,034,121,781.11 in the first three quarters of 2020[41] - Net cash flow from investment activities showed a significant decline to -¥749,783,450.13, compared to a positive ¥146,855,468.94 in the same period last year[41] - Cash inflow from financing activities was ¥20,409,560.11, an increase of 86.5% from ¥10,952,797.90 in the previous year[41] - Net cash flow from financing activities improved slightly to -¥658,230,034.62, compared to -¥682,067,622.47 in the first three quarters of 2020[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,951[12] Inventory and Receivables - The company's receivables financing increased by 39.57%, primarily due to an increase in bank acceptance bill collections by subsidiaries[8] - Accounts receivable rose significantly to RMB 2,298,644,043.55, compared to RMB 1,772,009,824.03 at the end of 2020, marking an increase of around 29.6%[17] - Inventory increased to RMB 2,283,010,914.48 from RMB 1,693,916,384.90, reflecting a growth of approximately 34.7%[17] Other Information - The weighted average return on equity for the reporting period was 2.52%, a decrease of 0.21 percentage points year-on-year[5] - The company has not disclosed any new product or technology developments in the provided data, indicating a potential area for future growth strategies[14] - There are no significant mergers or acquisitions reported in the current financial period, suggesting a stable operational focus[14] - Research and development expenses for the first three quarters of 2021 were not specified, but were significantly lower than ¥1,603,813.60 in 2020[25] - Other comprehensive income after tax for the first three quarters of 2021 was -¥22,682,000.00, compared to ¥22,509,000.00 in 2020[26] - The total comprehensive income for the first three quarters of 2021 was ¥1,077,952,777.43, up from ¥762,396,051.42 in 2020[38] - Operating cash outflow totaled ¥6,706,915,260.07 for the first three quarters of 2021, an increase of 26.5% compared to ¥5,301,224,722.30 in the same period of 2020[41] - The impact of exchange rate changes on cash and cash equivalents was -¥1,954.30, a significant improvement from -¥811,905.12 in the previous year[43] - The net increase in cash and cash equivalents was -¥820,856,582.02, compared to -¥14,390,441.21 in the same period of 2020[43] - The ending balance of cash and cash equivalents was ¥5,839,476,675.90, up from ¥5,415,990,391.11 at the end of the previous year[43] - The company has not adopted the new leasing standards starting from 2021[43]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥4,688,171,833.17, representing a 22.96% increase compared to ¥3,812,784,896.20 in the same period last year[23]. - Net profit attributable to shareholders was ¥807,046,445.33, a significant increase of 78.55% from ¥451,994,538.08 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥750,243,235.00, up 111.16% from ¥355,303,966.56 year-on-year[23]. - The net cash flow from operating activities improved to ¥618,522,262.71, a turnaround from a negative cash flow of -¥208,625,695.58 in the same period last year, marking a 396.47% increase[23]. - Basic earnings per share for the reporting period were ¥0.39, up 77.27% from ¥0.22 in the same period last year[24]. - The weighted average return on net assets increased to 6.77%, up 2.65 percentage points from 4.12% in the previous year[24]. - The company reported a significant increase in the net profit margin, indicating improved operational efficiency and profitability[23]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥17,901,251,121.16, reflecting a 1.58% increase from ¥17,621,980,017.88 at the end of the previous year[23]. - The net assets attributable to shareholders increased to ¥11,652,911,735.33, a 1.21% rise from ¥11,513,674,290.00 at the end of the previous year[23]. - The total liabilities reached CNY 6,255,341,031.00, compared to CNY 6,115,372,625.95, reflecting a rise of 2.29%[129]. - Non-current liabilities totaled CNY 1,370,032,882.65, up from CNY 1,203,422,214.69, indicating an increase of 13.87%[129]. Business Segments - The main business includes publishing, distribution, printing, and trading of printing materials, with a focus on textbooks and educational materials showing steady growth[28]. - The publishing segment consists of textbooks and general books, with proprietary and agency models for educational materials[29]. - The distribution business is managed by Shandong Xinhua Bookstore Group, focusing on wholesale and retail of various publications[32]. - The printing segment serves publishers and government entities, utilizing a cost-based pricing model for services[33]. - Emerging business areas include media integration, information technology services, and cultural tourism, enhancing market competitiveness[35]. Market Position and Recognition - The company ranked fourth among 26 listed companies in the news and publishing industry in terms of total assets, net assets, operating revenue, total profit, and net profit[48]. - The company has established a brand system that integrates company, publisher, and publication brands, enhancing its overall brand image and social influence[48]. - The company has received national recognition for its international publishing efforts, with multiple titles included in the "Belt and Road" initiative and cultural export projects[56]. Innovation and Technology - The company has established a digital publishing innovation ecosystem, focusing on integrating technology such as AI and blockchain into the publishing industry[53]. - The company has launched a key laboratory for publishing technology and standards, focusing on blockchain applications in digital content distribution and copyright protection[55]. - The company is focusing on innovation in new business models, leveraging AI, big data, and blockchain technology to enhance its publishing and educational services[66]. Social Responsibility and Environmental Impact - The company has invested 9.81 million RMB in targeted poverty alleviation and 1.7596 million RMB in material donations in the first half of 2021[95]. - The company has achieved "green printing" certification for its subsidiaries, contributing positively to environmental protection efforts[93]. - The company is actively managing clean energy from photovoltaic power to reduce carbon emissions and improve energy efficiency[94]. Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[88]. - There were no significant lawsuits or arbitration matters during the reporting period[108]. - The company maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[109]. - The company has committed to not interfering in the management activities of the issuer and to ensure the fulfillment of return measures[110]. Shareholder Information - Total number of common shareholders as of the end of the reporting period is 47,560[119]. - The largest shareholder, Shandong Publishing Group Co., Ltd., holds 1,602,944,478 shares, representing 76.81% of total shares[120]. - The total equity attributable to shareholders was reported at ¥11,506,607,390.00 as of June 30, 2021[148]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[3]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports reflect a true and complete picture of its financial status as of June 30, 2021[4]. - The company’s accounting period follows the calendar year, from January 1 to December 31[5].