Revenue and Profit Performance - Revenue for the third quarter was RMB 183.39 million, a decrease of 1.14% year-over-year[2] - Net profit attributable to shareholders for the third quarter was a loss of RMB 63.40 million, compared to a profit in the same period last year[2] - Revenue for the first nine months of the year was RMB 518.26 million, a decrease of 5.42% year-over-year[2] - Net profit attributable to shareholders for the first nine months was a loss of RMB 201.16 million, a decrease of 186.97% year-over-year[2] - Total revenue for the first three quarters of 2024 was 518.26 million yuan, a decrease of 5.42% compared to 547.97 million yuan in the same period of 2023[19] - Net profit attributable to the parent company's owners for the first three quarters of 2024 was -1.85 billion yuan, compared to -1.65 billion yuan in the same period of 2023[18] - Net profit attributable to parent company shareholders was -201.16 million yuan, compared to 231.29 million yuan in the same period last year[21] - Basic earnings per share for the third quarter was a loss of RMB 0.031[2] - Basic earnings per share were -0.100 yuan, compared to 0.115 yuan in the same period last year[21] - Comprehensive income attributable to parent company shareholders was -200.74 million yuan, compared to 241.03 million yuan in the same period last year[21] Asset and Liability Changes - Total assets as of the end of the third quarter were RMB 1.98 billion, a decrease of 13.94% compared to the end of the previous year[3] - Equity attributable to shareholders as of the end of the third quarter was RMB 1.44 billion, a decrease of 15.17% compared to the end of the previous year[3] - Total assets as of Q3 2024 were 1.98 billion yuan, a decrease of 13.93% from 2.30 billion yuan at the end of 2023[17] - Total liabilities as of Q3 2024 were 543.18 million yuan, a decrease of 11.60% from 614.44 million yuan at the end of 2023[18] - The company's contract liabilities increased to 151.56 million yuan in Q3 2024, down 20.86% from 191.52 million yuan at the end of 2023[17] Cash Flow and Financial Activities - Cash flow from operating activities for the first nine months was a negative RMB 260.79 million, a decrease of 624.65% year-over-year[2] - Operating cash flow was -260.79 million yuan, a significant decrease from 49.71 million yuan in the same period last year[22] - Cash received from other operating activities was 44.95 million yuan, a sharp decline from 256.03 million yuan in the same period last year[22] - Cash paid for employee compensation was 509.22 million yuan, up from 422.54 million yuan in the same period last year[22] - Investment cash outflow was 88.81 million yuan, significantly higher than 30.43 million yuan in the same period last year[23] - Cash received from financing activities was 135.07 million yuan, up from 51.91 million yuan in the same period last year[23] - Cash and cash equivalents at the end of the period were 1.31 billion yuan, down from 1.49 billion yuan at the beginning of the period[23] Operating Costs and Expenses - Operating costs for the first three quarters of 2024 increased to 710.54 million yuan, up 9.00% from 651.86 million yuan in 2023[20] - R&D expenses for the first three quarters of 2024 were 167.50 million yuan, an increase of 9.33% compared to 153.20 million yuan in 2023[20] - The company reported an operating loss of 197.62 million yuan for the first three quarters of 2024, compared to a loss of 99.71 million yuan in the same period of 2023[20] Share Repurchase and Equity - The company repurchased 8,450,000 shares, accounting for 0.42% of the total shares, with a total payment of RMB 47,068,673[13] - Weighted average return on equity for the third quarter was -4.28%, a decrease of 25.96 percentage points year-over-year[3] Business Performance and Revenue Sources - The decrease in revenue was mainly due to a decline in overseas and insurance brokerage business[6] - Sales revenue from goods and services was 508.50 million yuan, down from 737.28 million yuan in the same period last year[22] Monetary Funds and Financial Assets - The company's monetary funds decreased to RMB 1,318,007,386.62 as of September 30, 2024, compared to RMB 1,634,708,653.55 at the end of 2023[16] - Trading financial assets increased to RMB 22,209,687.50 as of September 30, 2024, from RMB 3,594,146.26 at the end of 2023[16] - Accounts receivable decreased to RMB 75,010,711.76 as of September 30, 2024, from RMB 84,818,151.45 at the end of 2023[16] - Prepayments increased to RMB 24,057,009.22 as of September 30, 2024, from RMB 18,566,834.41 at the end of 2023[16] - Other receivables increased to RMB 21,732,971.22 as of September 30, 2024, from RMB 18,588,268.48 at the end of 2023[16] - Inventory increased to RMB 69,857.26 as of September 30, 2024, from RMB 28,187.20 at the end of 2023[16] - Other current assets increased to RMB 12,932,238.62 as of September 30, 2024, from RMB 11,225,456.69 at the end of 2023[16] - Total current assets decreased to RMB 1,474,019,862.20 as of September 30, 2024, from RMB 1,771,529,698.04 at the end of 2023[16]

重要内容提示： 上海大智慧股份有限公司（以下简称"公司"）已于 2024 年 10 月 25 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深 入地了解公司 2024 年前三季度经营成果、财务状况，公司计划于 2024 年 11 月 15 日下午 15:00-16:30 举行 2024 年第三季度业绩说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动方式召开，公司将针对 2024 年前 1 会议召开时间:2024 年 11 月 15 日(星期五)下午 15:00-16:30 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/） 会议召开方式: 上证路演中心网络互动 问题征集方式：2024 年 11 月 8 日(星期五)至 11 月 14 日(星 期四)16:00前登录上证路演中心网站首页点击"提问预征集" 栏目或通过公司邮箱 IR@gw.com.cn 进行提问。公司将在说明 会上对投资者普遍关注的问题进行回答。 证券代码：601519 证券简称：大智慧 编号：临 2024-044 上海大智慧股份有限公司 关 ...

证券代码：601519 证券简称：大智慧 公告编号：2024-043 上海大智慧股份有限公司 关于推动公司"提质增效重回报"行动方案暨股份回购 的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/6/7 | | | --- | --- | --- | | 回购方案实施期限 | 待 2024 | 年第一次临时股东大会审议通过后 12 个月 | | 预计回购金额 | 1 | 亿元~1.5 亿元 | | 回购用途 | | √减少注册资本 □用于员工持股计划或股权激励 | | | | □用于转换公司可转债 | | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 8,450,000 | 股 | | 累计已回购股数占总股本比例 | 0.42% | | | 累计已回购金额 | | 47,068,673 元 | | 实际回购价格区间 | 5.20 | 元/股~5.80 元/股 | 一、 回购股份的基本情况 上海大智慧股份有限公司（以下简称"公司"）分别于 2024 ...

证券代码：601519 证券简称：大智慧 编号：临 2024-042 二、股东累计质押股份情况 重要内容提示： 上海大智慧股份有限公司（以下简称"公司"）于近日接到公司 控股股东张长虹先生的通知，张长虹先生将其所持有的公司部分股份 办理了解除质押登记手续，具体情况如下： | 股东名称 | 张长虹 | | --- | --- | | 本次解质股份（股） | 17,320,000 | | 占其所持股份比例 | 2.60% | | 占公司总股本比例 | 0.86% | | 解质时间 | 2024 年 9 月 26 日 | | 持股数量（股） | 665,224,457 | | 持股比例 | 33.20% | 一、公司股份解除质押情况 1 张长虹先生持有公司无限售条件流通股 665,224,457 股，占公司 总股本的 33.20%；本次解除质押股份数量 17,320,000 股;本次解 质押后,持有公司股份累计质押数量 50,000,000 股，占其持股数 量比例为 7.52%，占公司总股本比例为 2.50%。 张 长 虹 及 其 一 致 行 动 人 张 婷 、 张 志 宏 合计持有 公 司 股 份 801,488 ...

证券代码：601519 证券简称：大智慧 编号：临 2024-041 上海大智慧股份有限公司 重要内容提示： 关于控股股东部分股份解除质押的公告 上海大智慧股份有限公司（以下简称"公司"）于近日接到公司 控股股东张长虹先生的通知，张长虹先生将其所持有的公司部分股份 办理了解除质押登记手续，具体情况如下： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 股东名称 | 张长虹 | | --- | --- | | 本次解质股份（股） | 18,600,000 | | 占其所持股份比例 | 2.80% | | 占公司总股本比例 | 0.93% | | 解质时间 | 2024 年 9 月 19 日 | | 持股数量（股） | 665,224,457 | | 持股比例 | 33.20% | 一、公司股份解除质押情况 1 张长虹先生持有公司无限售条件流通股 665,224,457 股，占公司 总股本的 33.20%；本次解除质押股份数量 18,600,000 股;本次解 质押后,持有公司股份累计质押数量 67,320,000 股，占其持 ...

证券代码：601519 证券简称：大智慧 编号：临 2024-040 上海大智慧股份有限公司 关于控股股东部分股份质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 上海大智慧股份有限公司（以下简称"公司"）于近日获悉公司 控股股东张长虹所持有本公司的部分股份被质押，具体情况如下： 1 股东名称 张长虹 是否为控股股东 是 本次质押股数 50,000,000 股 是否为限售股 否 是否补充质押 否 质押起始日 2024 年 9 月 13 日 质押到期日 2025 年 9 月 11 日 质权人 烟台华秦投资中心（有限合伙） 占其所持股份比例 7.52% 占公司总股本比例 2.50% 一、本次股份质押基本情况 张长虹持有公司无限售条件流通股 665,224,457 股，占公司总股 本的 33.20%；本次质押股份数量 50,000,000 股，本次质押后,张 长虹持有公司股份累计质押数量 85,920,000 股，占其持股数量比 例为 12.92%，占公司总股本比例为 4.29%。 张 长 虹 及 其 一 ...

证券代码：601519 证券简称：大智慧 编号：临 2024-039 上海大智慧股份有限公司 关于持股 5%以上股东部分股份解除质押及再质押的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 湘财股份持有公司无限售条件流通股 284,997,089 股，占公司总 股本的 14.22%；本次解除质押股份数量 58,980,000 股，再质押 股份数量 58,980,000 股，本次再质押后持有公司股份累计质押数 量 276,051,919 股，占其持股数量比例为 96.86%，占公司总股本 比例为 13.78%。 上海大智慧股份有限公司（以下简称"公司"）于近日接到公司 股东湘财股份有限公司（以下简称"湘财股份"）的通知，湘财股份 将其所持有的公司部分股份办理了解除质押登记手续和质押登记手 续，具体情况如下： 特此公告。 本次股份解除质押后用于在银行办理质押业务。 | 二、本次股份质押基本情况 | | --- | | 股东名称 | 湘财股份 | | --- | --- | | 是否为控股股东 | 否 | | ...

不超过 12 个月。具体情况详见公司在上海证券交易所官网及指定信息 披露发布的《关于以集中竞价交易方式回购股份的预案》（公告编号： 2024-021）和《关于以集中竞价方式回购股份的回购报告书》（公告编 号：2024-029）。 证券代码：601519 证券简称：大智慧 公告编号：2024-038 上海大智慧股份有限公司 关于推动公司"提质增效重回报"行动方案暨股份回购 的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/6/7 | | | --- | --- | --- | | 回购方案实施期限 | 待 2024 | 年第一次临时股东大会审议通过后 12 个月 | | 预计回购金额 | 1 | 亿元~1.5 亿元 | | 回购用途 | | √减少注册资本 □用于员工持股计划或股权激励 | | | | □用于转换公司可转债 | | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 6,294,000 | 股 | | 累计已回购股数占总股本比例 | 0. ...

上海大智慧股份有限公司 证券代码：601519 证券简称：大智慧 编号：临 2024-037 关于持股 5%以上股东部分股份解除质押及再质押的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 湘财股份持有公司无限售条件流通股 284,997,089 股，占公司总 股本的 14.22%；本次解除质押股份数量 4,770,000 股，再质押股 份数量 31,929,830 股；本次再质押后持有公司股份累计质押数量 276,051,919 股，占其持股数量比例为 96.86%，占公司总股本比 例为 13.78%。 | 股东名称 | 湘财股份 | | --- | --- | | 本次解质股份（股） | 4,770,000 | | 占其所持股份比例 | 1.67% | | 占公司总股本比例 | 0.24% | | 解质时间 | 2024 年 7 月 8 日 | | 持股数量（股） | 284,997,089 | | 持股比例 | 14.22% | | 剩余被质押股份数量（股） | 244,122,089 | | 剩 ...

Company Profile and Key Financial Indicators [Company Basic Information](index=4&type=section&id=I.%20Company%20Information) Shanghai DZH Limited (DZH) is a company listed on the Shanghai Stock Exchange with stock code 601519, and its legal representative is Zhang Zhihong Company Basic Information | Item | Information | | :--- | :--- | | **Company Chinese Name** | 上海大智慧股份有限公司 | | **Company Chinese Abbreviation** | 大智慧 | | **Stock Exchange** | Shanghai Stock Exchange | | **Stock Abbreviation** | DZH | | **Stock Code** | 601519 | | **Legal Representative** | Zhang Zhihong | [Key Financial Data and Indicators](index=5&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company experienced a 7.62% decline in operating revenue and a 148.68% drop in net profit attributable to shareholders, turning from profit to loss, mainly due to the absence of a significant non-operating income from the prior year and increased R&D and personnel costs Key Accounting Data (January-June) | Key Accounting Data | Current Period (Jan-Jun) (Yuan) | Prior Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 334,866,141.06 | 362,470,880.43 | -7.62% | | **Net Profit Attributable to Shareholders** | -137,757,345.92 | 282,997,116.67 | -148.68% | | **Net Profit Attributable to Shareholders After Non-Recurring Items** | -132,036,179.15 | -54,011,863.73 | N/A | | **Net Cash Flow from Operating Activities** | -203,779,137.46 | 11,607,689.98 | -1,855.55% | | **Total Assets** | 1,995,947,129.89 | 2,300,883,452.39 | -13.25% (Compared to end of previous year) | | **Basic EPS (Yuan/share)** | -0.069 | 0.141 | -148.94% | - The core reason for the significant performance decline is that the company fully recognized **335 million Yuan** payable by Zhang Changhong as non-operating income in the prior period, leading to a high net profit base, while this non-recurring gain was absent in the current reporting period[14](index=14&type=chunk)[32](index=32&type=chunk) - During the reporting period, the company's total non-recurring gains and losses amounted to **-5.7212 million Yuan**, primarily from fair value changes and disposal gains/losses on financial assets and liabilities held by non-financial enterprises, totaling **-9.2079 million Yuan**[16](index=16&type=chunk) Management Discussion and Analysis (MD&A) [Principal Business, Operating Model, and Industry Overview](index=6&type=section&id=I.%20Principal%20Business%2C%20Operating%20Model%20and%20Industry%20Overview) The company is a leading domestic internet financial information service provider, focusing on securities information services, big data and data engineering services, and overseas business, operating across various platforms for both individual and institutional clients within a dynamic market influenced by policy support and intense competition - The company's principal business is divided into three segments: - **Securities Information Services**: Providing securities information and data services to investors via DZH APP and PC terminals - **Big Data and Data Engineering Services**: Offering financial data, data management, and mining services to financial institutions through its wholly-owned subsidiary, Caihui Technology - **Overseas Business**: Serving local users through subsidiaries in Hong Kong, Singapore, and Tokyo, Japan[17](index=17&type=chunk) - The industry benefits from national policy support (e.g., "14th Five-Year Plan," financial technology development plans), deepening capital market reforms, widespread mobile internet adoption, and increasing investor numbers, laying a solid user foundation and development space for the financial information service industry[22](index=22&type=chunk)[23](index=23&type=chunk) - Industry competition is intensifying, with leading enterprises holding significant advantages, new companies developing rapidly, and financial institutions and traditional media accelerating their financial technology deployments, impacting the competitive landscape[24](index=24&type=chunk) [Core Competitiveness Analysis](index=8&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its leading industry position, strong R&D capabilities, comprehensive product line, extensive financial data resources, broad user base, and strategic international presence - The company holds a leading industry position and brand recognition, offering a complete product line that serves both individual and institutional clients[25](index=25&type=chunk) - The company prioritizes technological R&D, with R&D expenses accounting for **34.82%** of operating revenue during the reporting period, and possesses massive historical data and extensive data production experience[25](index=25&type=chunk) - The company serves a wide range of clients, including banks, brokerages, funds, and insurance companies, and has established an international presence in Asian financial centers such as Hong Kong, Singapore, and Tokyo[26](index=26&type=chunk)[27](index=27&type=chunk) [Discussion and Analysis of Operations](index=9&type=section&id=III.%20Discussion%20and%20Analysis%20of%20Operations) During the reporting period, the company's operating revenue reached 335 million Yuan, a 7.62% year-on-year decrease, with net profit attributable to the parent company turning to a loss of 138 million Yuan, primarily due to a large non-operating income in the prior year; the company continued to advance its three main business segments, leveraging AI in securities information services, maintaining stable operations in big data, and enhancing overseas business through product and service improvements - The company adheres to the core principle of "increasing revenue, reducing expenditure, improving quality, and enhancing efficiency," focusing on advancing its three major segments: financial information services, big data business, and overseas business[28](index=28&type=chunk) - **Securities Information Services**: Enhanced capabilities in factor research, industry data, and intelligent customer service through AI empowerment, with multiple upgrades to PC terminals and APP improving market data, information, and trading services[28](index=28&type=chunk) - **Big Data and Data Engineering Services**: Continued to increase R&D investment, achieving over **95%** automated data processing, and its "Enterprise Early Warning" product series now serves millions of financial professionals[29](index=29&type=chunk) - **Overseas Business**: Hong Kong-based AAStocks enhanced US stock quote information and data coverage; DZH International in Singapore developed new multi-asset class products; and DZH Financial Research in Japan strengthened the compilation of Japanese and US stock reports[29](index=29&type=chunk) [Financial Analysis of Key Operating Conditions](index=10&type=section&id=IV.%20Financial%20Analysis%20of%20Key%20Operating%20Conditions) During the reporting period, the company's principal business financial performance fluctuated, with operating revenue decreasing by 7.62% due to declines in overseas and insurance brokerage businesses, while selling, administrative, and R&D expenses significantly increased to support business expansion, and balance sheet items like financial assets held for trading, salaries payable, and other payables also saw notable changes Key Operating Financial Data | Item | Current Period (Yuan) | Prior Period (Yuan) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 334,866,141.06 | 362,470,880.43 | -7.62% | Decline in overseas, insurance brokerage, and other business revenues | | **Selling Expenses** | 72,185,801.83 | 52,164,631.03 | 38.38% | Increase in personnel investment and service costs | | **Administrative Expenses** | 144,931,733.57 | 125,210,393.15 | 15.75% | Increased personnel, rental, and depreciation costs due to business expansion | | **R&D Expenses** | 116,613,830.44 | 96,491,457.57 | 20.85% | Significant increase in R&D investment | | **Net Cash Flow from Operating Activities** | -203,779,137.46 | 11,607,689.98 | -1,855.55% | Large amount received in prior period, no such income in current period | Key Balance Sheet Items | Asset and Liability Item | Current Period End (Yuan) | Prior Period End (Yuan) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | **Financial Assets Held for Trading** | 66,949,818.96 | 3,594,146.26 | 1,762.75% | Increase in bank wealth management product purchases in current period | | **Salaries and Wages Payable** | 5,116,027.13 | 72,406,231.47 | -92.93% | Salaries accrued at end of prior year disbursed in current period | | **Other Payables** | 14,025,608.94 | 83,004,506.37 | -83.10% | Payment for repurchase and cancellation of restricted stock incentive plan in current period | - During the reporting period, the company established **3** new wholly-owned sub-subsidiaries and increased capital in several controlled subsidiaries/sub-subsidiaries, with total investment decreasing by approximately **64.78%** year-on-year[36](index=36&type=chunk) [Risk Analysis](index=16&type=section&id=V.%20Other%20Disclosures) The company faces key risks including operating performance sensitivity to securities market fluctuations, internet system security, intensifying industry competition, and rising labor costs, which it addresses through product quality enhancement, technical security maintenance, R&D innovation, and improved talent management - The company faces four main risks: - **Operating Performance Risk**: Principal business is highly correlated with the prosperity of the securities market - **System Security Risk**: Business relies on internet platforms, facing threats such as equipment failures and hacker attacks - **Industry Competition Risk**: Severe homogenization in the industry, facing potential threats from financial institutions and internet giants - **Human Capital Cost Risk**: As a talent-intensive enterprise, it faces the risk of declining profits due to rising compensation levels[41](index=41&type=chunk)[42](index=42&type=chunk)[43](index=43&type=chunk) Corporate Governance [Profit Distribution Plan](index=17&type=section&id=III.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company's board of directors resolved that there will be no profit distribution or capital reserve conversion plan for the current reporting period - The company has no profit distribution or capital reserve conversion plan for this half-year period[3](index=3&type=chunk)[46](index=46&type=chunk) [Equity Incentive Plan](index=17&type=section&id=IV.%20Company%20Equity%20Incentive%20Plan) The company continued to implement its 2021 Restricted Stock Incentive Plan, leading to the repurchase and cancellation of 15.5572 million restricted shares in April 2024 due to the departure of some grantees and failure to meet 2023 performance targets, with the cancellation completed on June 14, 2024 - Due to the departure of **22** grantees and failure to meet **2023** performance targets, the company repurchased and canceled **15.5572 million** restricted shares[48](index=48&type=chunk)[59](index=59&type=chunk) - This cancellation was completed on **June 14, 2024**, reducing the company's total share capital from **2.0194228 billion** shares to **2.0038656 billion** shares[48](index=48&type=chunk)[59](index=59&type=chunk) Significant Matters [Significant Related Party Transactions](index=22&type=section&id=X.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company projected its 2024 annual routine related party transactions with Xiangcai Co., Ltd. and its controlled subsidiaries would not exceed 20 million Yuan, with actual transactions amounting to 1.43 million Yuan as of the end of the period - The company estimates its 2024 routine related party transactions with Xiangcai Co., Ltd. and its controlled subsidiaries will not exceed **20 million Yuan**, with **1.43 million Yuan** actually incurred during the reporting period[54](index=54&type=chunk) Share Capital Changes and Shareholder Information [Share Capital Changes](index=26&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, the company's total share capital changed due to the repurchase and cancellation of certain restricted shares from its incentive plan, resulting in the cancellation of 15,557,200 restricted shares and a reduction in total share capital from 2,019,422,800 shares to 2,003,865,600 shares Share Capital Changes | Share Class | Quantity Before Change (Shares) | Change (Shares) | Quantity After Change (Shares) | | :--- | :--- | :--- | :--- | | **Restricted Shares** | 15,557,200 | -15,557,200 | 0 | | **Unrestricted Tradable Shares** | 2,003,865,600 | 0 | 2,003,865,600 | | **Total Shares** | 2,019,422,800 | -15,557,200 | 2,003,865,600 | - The share capital change resulted from the company's repurchase and cancellation of **15,557,200** shares from the **2021** Restricted Stock Incentive Plan that were unvested due to grantee departures and failure to meet **2023** performance targets[59](index=59&type=chunk) [Shareholder Information](index=27&type=section&id=II.%20Shareholder%20Information) As of the end of the reporting period, the company had 134,781 common shareholders, with controlling shareholder Zhang Changhong holding 33.20% of shares, and significant holdings by Xiangcai Co., Ltd. and its pledged accounts; Zhang Changhong also has related party relationships with the fourth and sixth largest shareholders, Zhang Ting and Zhang Zhihong - As of the end of the reporting period, the company had **134,781** common shareholders[61](index=61&type=chunk) Top Ten Shareholders | Shareholder Name | Shares Held at Period End (Shares) | Percentage (%) | | :--- | :--- | :--- | | **Zhang Changhong** | 665,224,457 | 33.20% | | **Xiangcai Co., Ltd.** | 134,285,000 | 6.70% | | **Xiangcai...Pledged Account** | 89,346,589 | 4.46% | | **Zhang Ting** | 85,025,402 | 4.24% | | **Xiangcai... (Phase II) Pledged Account** | 61,365,500 | 3.06% | | **Zhang Zhihong** | 51,238,600 | 2.56% | Financial Report [Consolidated Financial Statements](index=32&type=section&id=II.%20Financial%20Statements) As of the reporting period end, the company's total assets were 1.996 billion Yuan, a 13.25% decrease from the beginning of the period, while total liabilities were 455 million Yuan, down 26.02%; operating revenue for the period was 335 million Yuan, a 7.62% year-on-year decrease, with a net loss of 140 million Yuan compared to a 281 million Yuan profit in the prior year, and net cash flow from operating activities showed a significant outflow of 204 million Yuan Consolidated Balance Sheet Key Items (Unit: Yuan) | Item | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Cash and Cash Equivalents** | 1,292,011,795.25 | 1,634,708,653.55 | | **Total Assets** | 1,995,947,129.89 | 2,300,883,452.39 | | **Short-term Borrowings** | 38,276,600.47 | 0.00 | | **Total Liabilities** | 454,510,480.96 | 614,435,034.68 | | **Equity Attributable to Owners of the Parent Company** | 1,541,661,205.20 | 1,694,534,157.68 | Consolidated Income Statement Key Items (Unit: Yuan) | Item | January-June 2024 | January-June 2023 | | :--- | :--- | :--- | | **Total Operating Revenue** | 334,866,141.06 | 362,470,880.43 | | **Total Operating Costs** | 465,955,846.52 | 414,739,094.41 | | **Operating Profit** | -137,729,977.74 | -49,784,915.47 | | **Total Profit** | -136,852,743.72 | 285,681,696.84 | | **Net Profit** | -139,981,813.98 | 280,721,965.50 | | **Net Profit Attributable to Parent Company Shareholders** | -137,757,345.92 | 282,997,116.67 | Consolidated Cash Flow Statement Key Items (Unit: Yuan) | Item | January-June 2024 | January-June 2023 | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | -203,779,137.46 | 11,607,689.98 | | **Net Cash Flow from Investing Activities** | -84,078,127.21 | -12,460,370.76 | | **Net Cash Flow from Financing Activities** | -48,119,875.20 | -72,289,953.34 | | **Net Increase in Cash and Cash Equivalents** | -337,476,891.24 | -60,390,056.35 |