证券代码：601801 证券代码：皖新传媒 公告编号：临 2023-017 安徽新华传媒股份有限公司 关于召开 2022 年度业绩说明会的预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 问题征集方式：投资者可于2023年5月18日（星期四）17：00前将相关问题通 过电子邮件方式发送公司邮箱：ir@wxm.com。公司将在说明会上就投资者普遍关注的 问题，在信息披露允许的范围内进行说明。 一、说明会类型 安徽新华传媒股份有限公司（以下简称"皖新传媒"或"公司"）已于2023年4月 22日披露《皖新传媒2022年年度报告》，为使广大投资者更加全面深入地了解公司经营 业绩、发展战略等情况，公司定于2023年5月19日15：30-16：30以网络互动方式召开 业绩说明会，就投资者普遍关心的问题进行沟通与交流。 公司副董事长兼总经理张克文先生，公司独立董事周泽将先生，公司相关部门负 责人（如遇特殊情况，参与人员可能会有所调整）。 四、投资者参加方式 1.投资者可于2023年5月18日（星期四）17：00 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,726,960,133.41, representing a year-over-year increase of 30.05%[5] - The net profit attributable to shareholders for the same period was ¥229,107,018.07, reflecting a growth of 10.61% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥244,050,262.51, which is an increase of 28.61% year-over-year[5] - The basic earnings per share for Q3 2022 was ¥0.12, which is a 20.00% increase compared to the same period last year[5] - The company's net profit for the third quarter of 2022 was CNY 851,852,125.92, an increase from CNY 787,922,797.95 in the same period of 2021, representing a growth of approximately 8.1%[28] - Operating profit reached CNY 887,024,178.57, compared to CNY 814,699,269.27 in the previous year, indicating an increase of about 8.9%[28] - The total comprehensive income for the quarter was CNY 801,080,883.41, compared to CNY 757,293,003.64 in the same period of 2021, representing an increase of approximately 5.8%[30] Assets and Liabilities - The total assets of the company reached ¥18,317,541,987.69, marking an 8.30% increase from the end of the previous year[7] - The company's total assets as of September 30, 2022, amounted to ¥18,317,541,987.69, up from ¥16,914,457,474.33 at the end of 2021, indicating a growth of approximately 8.27%[24] - Current assets totaled ¥13,622,572,531.95 as of September 30, 2022, compared to ¥12,161,343,899.40 at the end of 2021, marking an increase of about 12.03%[20] - The total liabilities as of September 30, 2022, were ¥6,816,164,083.95, compared to ¥5,868,370,648.71 at the end of 2021, representing an increase of approximately 16.16%[23] Equity - The total equity attributable to shareholders was ¥11,368,584,963.53, which is a 4.05% increase from the previous year[7] - The company's equity attributable to shareholders reached ¥11,368,584,963.53, up from ¥10,926,183,441.95, reflecting a growth of about 4.02%[25] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥935,294,869.17, showing a significant increase of 219.84% year-over-year[5] - The company reported a net cash flow from operating activities of CNY 935,294,869.17, significantly higher than CNY 292,423,986.47 in the same quarter last year[34] - The company’s cash and cash equivalents at the end of the period were CNY 1,445,412,239.77, down from CNY 2,936,693,338.15 at the beginning of the period[35] - The company reported a net cash outflow from financing activities of -CNY 410,251,547.20, compared to -CNY 329,974,781.38 in the same quarter of the previous year[35] Revenue and Costs - Total operating revenue for the first three quarters of 2022 reached ¥9,233,063,593.06, an increase from ¥7,693,693,289.77 in the same period of 2021, representing a growth of approximately 20.03%[25] - Total operating costs for the first three quarters of 2022 were ¥8,238,071,391.18, compared to ¥6,821,207,536.60 in 2021, reflecting an increase of about 20.77%[25] - The increase in operating revenue was primarily driven by growth in the educational equipment and supply chain businesses[11] Other Financial Metrics - The weighted average return on equity for the reporting period was 2.04%, up by 0.13 percentage points from the end of the previous year[7] - Research and development expenses for the first three quarters of 2022 were ¥12,185,812.64, a decrease from ¥15,887,772.81 in the same period of 2021, indicating a reduction of approximately 23.00%[25] - The company reported a government subsidy of ¥4,400,760.22 for the current period, contributing positively to its financial performance[9] - The company experienced a decrease in other comprehensive income, with a net loss of CNY 50,771,242.51 compared to a loss of CNY 30,629,794.31 in the previous year[29] - The company reported a net profit margin improvement, with undistributed profits increasing to ¥5,667,160,875.61 from ¥5,173,988,111.52, an increase of about 9.53%[25] - Cash inflows from investment activities totaled CNY 860,107,337.58, while cash outflows were CNY 1,591,014,787.09, resulting in a net cash flow from investment activities of -CNY 730,907,449.51[34] - Accounts receivable increased significantly to ¥1,673,407,987.91 from ¥495,966,093.17, showing a growth of approximately 236.67%[20] - Inventory decreased to ¥1,852,251,736.79 from ¥2,432,738,596.31, a decline of about 23.83%[20]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥5,506,103,459.65, representing a 14.05% increase compared to ¥4,827,923,151.52 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥602,230,551.31, up 7.81% from ¥558,577,829.20 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥591,686,764.23, reflecting a 15.04% increase from ¥514,328,800.52 year-on-year[17]. - The net cash flow from operating activities was ¥494,263,046.87, which is a 7.49% increase compared to ¥459,809,925.06 in the same period last year[17]. - The total assets at the end of the reporting period amounted to ¥17,038,946,892.66, a 0.74% increase from ¥16,914,457,474.33 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥11,154,294,521.81, showing a 2.09% increase from ¥10,926,183,441.95 at the end of the previous year[17]. - The basic earnings per share for the first half of 2022 was ¥0.30, a 7.14% increase from ¥0.28 in the same period last year[18]. - The weighted average return on net assets increased by 0.23 percentage points to 5.36% compared to 5.13% in the previous year[18]. Revenue Sources - The company operates over 793 physical outlets across Anhui, Jiangsu, and Beijing, forming a comprehensive distribution and service system[22]. - The company signed 42 smart education project contracts during the reporting period, with a total contract value of ¥119 million[33]. - The sales revenue from the smart reading series products reached approximately ¥63.20 million, representing a significant year-on-year growth of 203%[33]. - The supply chain and logistics service business achieved revenue of approximately ¥1.98 billion, with a year-on-year growth of 32.62%[32]. - The gaming business generated revenue of approximately ¥729.91 million, reflecting a year-on-year increase of 58.78%[36]. - The company launched new cultural e-commerce initiatives, achieving sales of approximately ¥208 million, which is a 13.33% increase year-on-year[36]. Digital Transformation and Innovation - The company is actively expanding its digital business under the "Digital Wanshin" strategy, focusing on digital transformation and new business models[26]. - The company is focusing on digital transformation in collaboration with Huawei Cloud, aiming to enhance integration of digital technologies across various business sectors over the next three to five years[31]. - The company has established a professional education service team to enhance service quality for schools and students[27]. Financial Position and Assets - Cash and cash equivalents at the end of the period reached ¥819,975.33 million, accounting for 48.12% of total assets, an increase of 7.61% compared to the previous year[40]. - Accounts receivable increased by 41.40% year-on-year, primarily due to some sales not yet collected by the end of the reporting period[40]. - Inventory decreased by 27.44% year-on-year, mainly due to delays in the procurement of revised autumn teaching materials[40]. - The company reported a total of ¥1,272,929.94 million in financial assets at the beginning of the period, which decreased to ¥879,624.80 million by the end of the period, reflecting a change of -27.60 million[43]. - The company’s long-term equity investments amounted to ¥148,737.82 million, representing 8.73% of total assets, with a slight increase of 0.12% year-on-year[40]. Shareholder and Equity Information - The company commits to distributing at least 10% of its distributable profits as cash dividends annually, with a cumulative distribution of no less than 30% over three years[62]. - In the case of a mature development stage without significant capital expenditure, the cash dividend proportion should reach a minimum of 80% of the profit distribution[62]. - The company is currently in a growth phase, thus the cash dividend proportion in profit distribution will be at least 20%[62]. - The total owner's equity at the end of the period was ¥8,764,754,909.19, reflecting a decrease from the previous year's balance[139]. - The company distributed ¥338,164,805.29 to shareholders during the period[136]. Risks and Challenges - The report includes a risk statement regarding forward-looking statements, advising investors to be cautious of investment risks[4]. - The ongoing impact of the COVID-19 pandemic presents risks, with uncertainties regarding its duration and effects on the company's future operations[46]. - The company faces uncertainties in its digital transformation, which is a complex and long-term process involving challenges in technology integration, organizational change, and talent management[46]. Corporate Governance and Compliance - The company has a commitment from its controlling shareholder to inject coal business assets into the company if market conditions stabilize[62]. - The company has established a principle of pricing related party transactions based on market prices to protect the interests of shareholders[62]. - The company has engaged in related party transactions, including purchasing books from Anhui Xinlongtu Trade Import and Export Co., Ltd. for a total of CNY 1,428.00[66]. - The company has also provided property management services to Anhui Xinlongtu Trade Import and Export Co., Ltd. amounting to CNY 727,223.61[66]. Market Position and Strategy - The company is the only entity in Anhui with textbook distribution qualifications, continuously upgrading its educational service network[25]. - The company is committed to developing a new retail system and enhancing its supply chain management capabilities through smart logistics[28]. - The company continues to focus on market expansion through strategic partnerships and joint ventures, as evidenced by the revenue generated from various affiliated companies[68].

Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.70 per 10 shares, totaling approximately RMB 338.16 million based on a total share capital of 1,989,204,737 shares as of December 31, 2021[4]. - The company does not plan to issue new shares or convert capital reserves into share capital during the dividend distribution[4]. - The proposed cash dividend for the 2021 fiscal year is RMB 1.70 per 10 shares, amounting to a total of RMB 338,164,805.29 (including tax), pending approval from the shareholders' meeting[116]. - The company completed the cash dividend distribution for the 2020 fiscal year on June 8, 2021, distributing a total of RMB 318,272,757.92 (including tax) to shareholders at a rate of RMB 1.60 per 10 shares[113]. Financial Performance - The company's operating revenue for 2021 was ¥10,111,755,211.90, representing a 14.25% increase from ¥8,850,886,617.21 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥639,711,997.23, a 4.23% increase from ¥613,745,947.53 in 2020[19]. - The net cash flow from operating activities for 2021 was ¥916,219,379.97, showing a 28.20% increase from ¥714,686,995.45 in 2020[19]. - The total assets at the end of 2021 were ¥16,914,457,474.33, a 15.24% increase from ¥14,677,012,182.21 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.32, up from ¥0.31 in 2020, reflecting a 3.23% increase[21]. - The company achieved operating revenue of CNY 10.11 billion, a year-on-year increase of 14.25%[43]. - Net profit attributable to shareholders reached CNY 640 million, growing by 4.23% year-on-year[43]. - Total assets at the end of the reporting period amounted to CNY 16.91 billion, reflecting a 15.24% increase compared to the previous year[43]. Risk Management - There are no significant risks that materially affect the company's operations during the reporting period[5]. - The company has detailed potential risks in the third section of the report, which investors should review[5]. - Risks include the impact of new technologies on traditional business models and ongoing uncertainties related to the COVID-19 pandemic[81]. Corporate Governance - The audit report issued by Rongcheng Accounting Firm confirms the financial report's authenticity, accuracy, and completeness[4]. - The board of directors and supervisory board members have all attended the board meeting, ensuring accountability for the report's content[4]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[4]. - The company has not violated any decision-making procedures for providing guarantees to external parties[4]. - The company held five board meetings during the year, with all directors attending in person[101]. - The company confirmed the leasing of properties to related parties in a board meeting held on January 11, 2021[100]. - The company approved the 2020 annual report and profit distribution plan in a board meeting on April 15, 2021[100]. - The company released its first quarter report for 2021 on April 28, 2021[100]. - The company approved its half-year report for 2021 on August 24, 2021[100]. - The company held a board meeting on October 29, 2021, to discuss the third quarter report and the use of idle funds for bank financial products[100]. - The internal control system is continuously improved to ensure compliance with regulations and safeguard shareholder interests[112]. - The audit committee held five meetings during the reporting period, reviewing key financial reports and internal control evaluations[106]. - The strategic development committee convened once during the reporting period to discuss the annual operational plan[106]. - The company has maintained compliance with commitments related to competitive practices and related party transactions[127]. - The company has not reported any non-operating fund occupation or guarantee violations during the reporting period[130]. - The company has not faced any delisting risks or significant litigation issues during the reporting period[134]. Employee and Training Initiatives - The total number of employees at the parent company and major subsidiaries is 6,956, with 105 at the parent company and 6,851 at subsidiaries[109]. - The company organized 339 training sessions in 2021, with a total of 12,662 participants, focusing on enhancing employee capabilities[112]. - The company has established a performance-based compensation system, including annual salary, performance-based pay, and contractual wages, aligning with market standards[111]. Strategic Initiatives - The company is implementing a "Digital Wanzheng" strategy to accelerate digital transformation and enhance core business capabilities[25]. - The company is actively pursuing digital transformation in line with national policies, aiming to enhance its operational efficiency and market competitiveness[36]. - The company is implementing the "Digital Anhui" strategy to enhance offline service capabilities, quality, and efficiency, while innovating new business formats and service models[78]. - The company is implementing the "Digital Wanxin" strategy to enhance digital infrastructure and service models, focusing on technology integration and innovation[80]. - A new cultural consumption service system is being developed, including a 15-minute reading circle initiative and themed cultural activities[80]. - The company plans to establish a high-quality education service system, enhancing marketing capabilities and optimizing management processes[80]. - A fully automated packaging line for the domestic book industry is being constructed to improve logistics efficiency and service quality[80]. - The company is pushing forward major project constructions in cultural new retail, smart education, and smart supply chain ecosystems[80]. Revenue and Sales Growth - The company secured public cultural service project contracts worth ¥281 million during the reporting period, with a total of 92 projects covering 169,000 square meters[26]. - The domestic market for library distribution services grew by 29.7%, while the external market saw a significant increase of 143%[26]. - The company's supply chain and logistics services achieved revenue of 3.04 billion yuan, a year-on-year increase of 38.27%[29]. - The new retail business model, integrating "community + social + books," was developed, with the launch of online service platforms generating increased member engagement[30]. - The smart education service expanded significantly, with 107 projects won, totaling 697 million yuan, and 46.81 million classes conducted[30]. - E-commerce business revenue reached 167 million yuan, reflecting a year-on-year growth of 79.87%[31]. - The gaming business generated revenue of 164.2 million yuan, with a profit of 15.65 million yuan, marking a year-on-year profit increase of 150.26%[31]. - Revenue for textbooks reached ¥1,612,950,852.02, with a year-on-year increase of 8.64%[48]. - Revenue for general books and audiovisual products was ¥3,592,333,261.84, reflecting a year-on-year increase of 14.00%[48]. - The gross margin for general books and audiovisual products improved by 1.48 percentage points to 36.52%[48]. - The company reported a significant increase in sales for the supply chain and logistics services business, with revenue growth of 38.27%[48]. - Advertising and gaming business revenue increased by 10.32%, attributed to the launch of new game products[48]. Financial Management - The company's cash and cash equivalents increased to CNY 7,619.93 million from CNY 7,005.97 million year-over-year[178]. - Trade receivables decreased to CNY 495.97 million from CNY 691.74 million, indicating a reduction in outstanding customer payments[178]. - The company’s prepayments decreased slightly to CNY 412.79 million from CNY 441.73 million, reflecting changes in operational cash flow management[178]. - The audit report emphasizes the management's responsibility for the financial statements and the effectiveness of internal controls to prevent material misstatements[172]. - The audit firm confirmed that there were no significant uncertainties regarding the company's ability to continue as a going concern[176]. - The total balance of trading financial assets increased from 555.47 million CNY to 678.45 million CNY, with a change of 122.98 million CNY, impacting current profits by 37.84 million CNY[72]. - The total balance of other non-current financial assets increased from 460.87 million CNY to 473.16 million CNY, with a change of 12.29 million CNY, impacting current profits by 55.13 million CNY[72]. Related Party Transactions - The company reported a significant related party transaction with Anhui Xinhua Yuchuan Trading Co., Ltd., amounting to CNY 1,455,963.13 for property management services, representing 39.67% of similar transactions[135]. - The company reported a related party transaction with Anhui Wanzhong Hotel Development Co., Ltd. for catering services amounting to CNY 29,522.00, representing 0.11% of similar transactions[135]. - The company reported a related party transaction with Anhui Wanzhong Property Management for property management services totaling CNY 2,214,312.97, accounting for 60.33% of similar transactions[135]. - The company has cumulative construction fees paid to Anhui Wanshin Cultural Industry Investment (Group) Co., Ltd. of 9.2 million RMB for the Hefei Wanshin Digital Publishing and Distribution Industrial Park project as of December 31, 2021[140]. - The company has cumulative construction fees paid to Anhui Wanshin Cultural Industry Investment (Group) Co., Ltd. of 8.504 million RMB for the Wanshin Wabei Logistics Park project as of December 31, 2021[140]. - The company has a unified pricing strategy for all transactions, ensuring market consistency in pricing across services and goods[140]. Community Engagement and Social Responsibility - The company invested CNY 1.129 million in education for Wuying Village, enhancing local infrastructure and educational resources[123]. - A total of CNY 4.156 million was allocated to improve public lighting in Yezhai Village, achieving full coverage of four main roads[123]. - The company purchased agricultural products worth CNY 327,000 to support poverty alleviation efforts[123]. - The company actively participated in rural revitalization efforts, including direct engagement with local communities and support for grassroots party organizations[122]. - The company has committed to environmental responsibilities, although specific measures and effects were not detailed in the report[120]. Audit and Compliance - The internal control audit report received a standard unqualified opinion, indicating strong governance practices[119]. - The company has effectively controlled its subsidiaries, ensuring operational efficiency and risk management[119]. - The company has not made any significant changes to accounting policies or estimates that would impact the financial statements beyond those already mentioned[132]. - The audit procedures confirmed no abnormalities in the recognition and measurement of equity investments, which are considered a key audit matter due to their significant impact on the financial statements[171]. - The company recognizes revenue when control of goods transfers to customers, which is aligned with accounting standards[171]. - The audit found no issues with revenue recognition, confirming that it was recorded in the appropriate accounting period[171].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,779,649,705.01, representing a year-on-year increase of 22.33%[4] - The net profit attributable to shareholders of the listed company was ¥301,316,906.79, an increase of 13.77% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥325,832,112.08, reflecting a growth of 32.38% year-on-year[4] - The basic earnings per share for the period was ¥0.15, up by 15.38% year-on-year[4] - Net profit rose to ¥307,292,168.41, compared to ¥273,552,694.82 in the previous year, marking an increase of about 12.3%[24] - Basic earnings per share improved to ¥0.15 from ¥0.13, reflecting a growth of 15.4%[26] - The company reported a total comprehensive income of ¥282,061,148.68, compared to ¥273,552,694.82 in the prior year, showing an increase of approximately 3.1%[26] Cash Flow - The net cash flow from operating activities reached ¥186,596,861.93, a significant increase of 340.93% compared to the previous year[4] - Cash flow from operating activities generated ¥186,596,861.93, a significant increase from ¥42,319,203.52 in the prior year[29] - Investment activities generated a net cash flow of ¥13,795,410.84, a recovery from a negative cash flow of ¥-1,673,233,607.59 in the previous year[29] - The net cash flow from financing activities was $48,432,289.05, a decrease of $2,080,419.74 compared to the previous period[31] - The total cash and cash equivalents increased by $248,824,561.82, contrasting with a decrease of $1,632,994,823.81 in the prior period[31] - The ending balance of cash and cash equivalents was $1,900,100,929.13, compared to $1,303,698,514.34 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,224,313,519.27, an increase of 7.74% from the end of the previous year[4] - Current assets totaled ¥13,542,523,403.18, up from ¥12,161,343,899.40, reflecting a growth of 11.3% year-over-year[18] - Total liabilities increased to ¥6,905,290,544.97 from ¥5,868,370,648.71, reflecting a rise of 17.7%[20] - The company's equity attributable to shareholders rose to ¥11,202,269,329.01, up from ¥10,926,183,441.95, an increase of 2.5%[20] - Non-current assets totaled ¥4,681,790,116.09, down from ¥4,753,113,574.93, showing a decrease of 1.5%[18] Revenue and Costs - Total operating costs increased to ¥2,403,431,539.25 from ¥1,962,873,548.59, representing a growth of approximately 22.4% year-over-year[24] - Sales revenue from goods and services received cash of ¥2,315,049,711.71, up from ¥1,871,331,001.08, indicating a growth of about 23.7%[26] Other Financial Metrics - Non-operating income included government subsidies amounting to ¥6,092,286.10, which are closely related to the company's normal business operations[6] - The company reported a significant increase in cash flow from sales collection, attributed to accelerated payment progress[8] - The accounts receivable increased by 144.40%, primarily due to the timing of collections related to spring textbook and auxiliary materials business[8] - Accounts receivable increased significantly to ¥1,212,153,940.43 from ¥495,966,093.17, marking a rise of 144.4%[18] - Inventory remained stable at ¥2,443,176,225.41, slightly up from ¥2,432,738,596.31, indicating a marginal increase of 0.4%[18] - The company’s financial expenses showed a net income of ¥-44,969,990.83, compared to ¥-35,467,964.69, indicating an increase in financial costs[24] - Research and development expenses decreased to ¥3,518,234.89 from ¥4,402,210.97, a reduction of approximately 20%[24] - Other comprehensive income after tax was reported at ¥-25,231,019.72, reflecting a decrease compared to the previous period[26] - The company reported a net profit increase, with retained earnings growing to ¥5,475,305,018.30 from ¥5,173,988,111.52, an increase of 5.8%[20]

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,865,770,138.25, representing a year-on-year increase of 9.55%[4] - The net profit attributable to shareholders for the same period was ¥207,127,064.54, reflecting a growth of 5.19% compared to the previous year[4] - Total operating revenue for the first three quarters of 2021 reached RMB 7,693,693,289.77, an increase of 20.8% compared to RMB 6,364,540,945.29 in the same period of 2020[21] - Net profit for the period was ¥787,922,797.95, compared to ¥674,674,567.99 in the previous period, indicating a growth of approximately 16.8%[28] - Total profit for the period reached ¥807,285,603.34, up from ¥690,237,827.98, indicating an increase of approximately 17%[28] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥17,677,835,254.34, which is a 20.45% increase from the end of the previous year[7] - Current assets as of September 30, 2021, totaled RMB 12,872,125,264.46, up from RMB 10,811,279,791.87 at the end of 2020, reflecting a growth of 9.8%[19] - Total liabilities as of September 30, 2021, amounted to RMB 6,537,031,438.27, an increase from RMB 3,977,750,177.06 at the end of 2020, representing a growth of 64.3%[21] - The total assets of the company reached RMB 17,677,835,254.34, compared to RMB 14,677,012,182.21 at the end of 2020, showing an increase of 20.4%[21] - Total liabilities amounted to approximately $3.98 billion, a decrease from $5.03 billion in the previous period[41] Shareholder Information - The equity attributable to shareholders increased to ¥11,021,546,544.15, marking a 3.93% rise year-on-year[7] - The company reported a total of 26,075 common shareholders at the end of the reporting period[9] - The top shareholder, Anhui Xinhua Publishing Group Co., Ltd., holds 70.53% of the shares[12] - The total equity attributable to shareholders increased to RMB 11,021,546,544.15 from RMB 10,604,744,202.64, reflecting a growth of 3.9%[21] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥292,423,986.47, showing a 12.59% increase year-on-year[4] - Cash inflow from operating activities totaled ¥7,376,591,321.59, compared to ¥6,188,754,682.09 in the previous period, marking an increase of approximately 19.2%[30] - Net cash flow from operating activities was $292.42 million, up from $259.72 million year-over-year[33] - Cash and cash equivalents at the end of the period were $1.34 billion, down from $1.52 billion year-over-year[33] Expenses and Investments - Total operating costs amounted to ¥6,821,207,536.60, up from ¥5,585,898,830.49, reflecting an increase of about 22.1%[24] - Research and development expenses rose to ¥15,887,772.81 from ¥9,641,181.77, reflecting an increase of about 64.3%[24] - Investment income for the period was ¥77,296,190.95, a significant recovery from a loss of ¥17,753,328.26 in the previous period[24] Other Financial Metrics - The basic earnings per share for Q3 2021 was ¥0.10, a decrease of 9.09% compared to the same period last year[4] - The weighted average return on equity for the year-to-date period was 7.04%, an increase of 0.78 percentage points compared to the previous year[4] - Other comprehensive income after tax was negative at -¥30,629,794.31, compared to a positive ¥16,411,300.78 in the previous period[28] - The company reported a negative other comprehensive income of approximately $100.12 million, which may impact overall equity[41]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥4,827,923,151.52, representing a 28.79% increase compared to ¥3,748,708,853.03 in the same period last year[17]. - Net profit attributable to shareholders of the listed company was ¥558,577,829.20, up 20.16% from ¥464,877,219.26 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥514,328,800.52, reflecting a 23.66% increase from ¥415,931,138.01 in the same period last year[17]. - The net cash flow from operating activities was ¥459,809,925.06, a significant increase of 161.14% compared to ¥176,081,216.90 in the previous year[17]. - Basic earnings per share for the first half of 2021 were ¥0.28, up 21.74% from ¥0.23 in the same period last year[18]. - The weighted average return on net assets increased to 5.13%, up 0.74 percentage points from 4.39% in the previous year[18]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were ¥10,854,065,404.64, a 2.35% increase from ¥10,604,744,202.64 at the end of the previous year[17]. - Total assets amounted to ¥16,507,414,237.62, which is a 12.47% increase from ¥14,677,012,182.21 at the end of the previous year[17]. - Total liabilities reached CNY 5,488,973,968.79, compared to CNY 4,977,750,177.06, reflecting an increase of around 10.2%[89]. - Short-term borrowings increased to CNY 231,221,400.00 from CNY 150,165,000.00, marking a rise of approximately 54%[89]. Revenue Sources - The company achieved a revenue of 4.828 billion RMB in the first half of 2021, representing a year-on-year growth of 28.79%[27]. - New business revenue in the supply chain and logistics services reached ¥5.24 billion, accounting for 35% of total revenue in this segment[32]. - The logistics service business achieved revenue of ¥14.93 billion, a year-on-year growth of 63.05%[32]. - E-commerce sales revenue grew by 46.2%, reaching ¥67.22 million during the reporting period[32]. Market and Business Strategy - The retail market for books in China saw a sales scale of 36.13 billion RMB in the first half of 2021, with a year-on-year growth of 11.45%[26]. - The company is focusing on digital transformation and new retail models to drive growth in its core business areas[26]. - The logistics business is expanding its high-value-added services, leveraging smart operations and supply chain collaboration[26]. - The company is actively pursuing public cultural service projects through an integrated design, procurement, construction, and operation model[26]. Risks and Compliance - The report includes a risk statement regarding forward-looking statements, advising investors to pay attention to investment risks[4]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact business operations despite effective control measures in place[45]. - The company has not disclosed any significant changes in its environmental compliance or faced administrative penalties related to environmental issues during the reporting period[52]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[47]. - The controlling shareholder has pledged to avoid engaging in competitive businesses that may harm the company's operations, with commitments made as early as April 2008[56]. - The company has not reported any changes in its board or management personnel during the reporting period[47]. Investment and R&D - The company’s R&D expenses increased by 28.71%, totaling approximately ¥9.23 million[32]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[101]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no identified issues affecting the company's ability to continue operations for the next 12 months[150]. - The company adheres to the Chinese Accounting Standards, ensuring that financial statements accurately reflect its financial position and operating results[152]. - The company recognizes goodwill when the purchase price exceeds the fair value of identifiable assets and liabilities acquired in a business combination[158]. Inventory and Valuation - The company applies a perpetual inventory system for stock, conducting at least annual physical counts to adjust for discrepancies[196]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs based on specific criteria[196]. - The company uses the first-in, first-out method for inventory valuation, particularly for raw materials and certain products[196].

Financial Performance - Operating revenue for the first quarter reached CNY 2,272,301,173.49, a year-on-year increase of 29.38%[11] - Net profit attributable to shareholders increased by 20.95% to CNY 264,857,268.34 compared to the same period last year[11] - Basic earnings per share increased by 18.18% to CNY 0.13[11] - Total operating revenue for Q1 2021 was RMB 2,272,301,173.49, an increase of 29.3% compared to RMB 1,756,324,215.86 in Q1 2020[41] - Net profit for Q1 2021 reached RMB 273,552,694.82, representing a 25% increase from RMB 218,882,192.43 in Q1 2020[44] - The company’s operating profit for Q1 2021 was RMB 280,183,307.07, an increase of 25.8% from RMB 222,658,058.87 in Q1 2020[41] - The total comprehensive income for the first quarter of 2021 was CNY 57,484,651.26, compared to CNY 44,225,223.94 in the same period of 2020, representing an increase of approximately 29.5%[50] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 42,319,203.52, a 113.89% increase from the previous year[11] - Cash inflow from operating activities reached CNY 1,947,734,771.32, a significant increase from CNY 941,744,763.59 in Q1 2020, marking a growth of about 106.5%[51] - The net cash flow from operating activities was CNY 42,319,203.52, recovering from a negative CNY 304,767,047.77 in the previous year[53] - Cash outflow for investment activities totaled CNY 1,798,044,183.62, a substantial increase from CNY 124,619,868.46 in Q1 2020, indicating a shift towards aggressive investment strategies[53] - The net cash flow from investment activities was negative CNY 1,673,233,607.59, compared to a positive CNY 15,604,193.49 in the same quarter of the previous year[53] - Total cash inflow from financing activities amounted to $46,899,233.52[57] - Net cash flow from financing activities was $44,253,510.05, a significant improvement from -$345,604,250.43[57] Assets and Liabilities - Total assets increased by 15.36% to CNY 16,931,548,162.87 compared to the end of the previous year[11] - Total current assets amounted to ¥12,095,835,963.29, up from ¥10,811,279,791.87 in the previous year[26] - Total liabilities amounted to CNY 5,958,733,462.90, an increase from CNY 3,977,750,177.06 year-over-year[31] - Total equity attributable to shareholders reached CNY 10,869,601,470.98, up from CNY 10,604,744,202.64[31] - Accounts receivable increased by 94.02% to CNY 1,342,121,780.45, primarily due to sales not yet settled[19] - Accounts payable rose by 39.95% to ¥3,108,570,158.57 from ¥2,221,199,886.76, primarily due to increased procurement during the reporting period[22] - Contract liabilities increased by 34.83% to ¥891,760,400.86 from ¥661,378,346.55, reflecting higher advance payments received[22] Investment and R&D - Research and development expenses increased by 105.26% to ¥4,402,210.97 from ¥2,144,655.31, mainly due to increased investment in smart education[21] - Investment income rose by 67.18% to ¥19,657,055.68 from ¥11,758,113.22, attributed to higher returns from investment projects[21] - The company reported a significant decrease in fair value changes in investment projects, with a loss of ¥479,605.41 compared to a gain of ¥9,315,204.90 in the previous period, indicating volatility in investment valuations[21] Operational Costs - Total operating costs for Q1 2021 were RMB 1,962,873,548.59, up 30.5% from RMB 1,503,516,139.88 in Q1 2020[41] - Cash paid for purchases and services increased by 72.21% to ¥1,483,948,108.36 from ¥861,692,669.38, mainly due to higher procurement settlements[23] - The cash outflow for employee compensation was CNY 292,940,696.28, an increase from CNY 229,021,888.02 in the previous year, indicating rising operational costs[53] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[11]

Financial Performance - The company's operating revenue for 2020 was RMB 8,850,886,617.21, a slight increase of 0.21% compared to RMB 8,832,683,700.93 in 2019[21]. - The net profit attributable to shareholders for 2020 was RMB 613,745,947.53, representing a growth of 10.18% from RMB 557,027,382.28 in 2019[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 618,017,634.56, up 12.26% from RMB 550,517,336.79 in the previous year[21]. - The net cash flow from operating activities decreased by 37.47% to RMB 714,686,995.45 from RMB 1,142,957,434.75 in 2019[21]. - As of the end of 2020, the net assets attributable to shareholders were RMB 10,604,744,202.64, an increase of 2.50% from RMB 10,346,108,994.88 at the end of 2019[21]. - Total assets increased by 4.28% to CNY 14,677,012,182.21 in 2020 from CNY 14,075,273,163.56 in 2019[22]. - Basic earnings per share rose by 10.71% to CNY 0.31 in 2020 compared to CNY 0.28 in 2019[22]. - The weighted average return on equity increased by 0.35 percentage points to 5.85% in 2020 from 5.50% in 2019[22]. - The company achieved operating revenue of 8.85 billion RMB, a year-on-year increase of 0.21%[46]. - Net profit attributable to shareholders reached 614 million RMB, up 10.18% year-on-year[46]. - The net profit after deducting non-recurring gains and losses was 618 million RMB, reflecting a 12.26% increase year-on-year[46]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.6 per 10 shares, totaling approximately RMB 318,272,757.92 based on the total share capital of 1,989,204,737 shares[5]. - The company distributed cash dividends of RMB 1.60 per 10 shares, totaling RMB 318,272,757.92 (including tax) for the fiscal year 2020, which represents 51.86% of the net profit attributable to ordinary shareholders[96]. - The cash dividend policy execution complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[96]. - The company plans to maintain the cash dividend distribution of RMB 1.60 per 10 shares for the fiscal year 2020, pending shareholder approval[96]. - In 2019, the company also distributed cash dividends of RMB 1.60 per 10 shares, totaling RMB 318,272,757.92 (including tax), which accounted for 57.14% of the net profit[96]. Operational Highlights - The company operates over 780 physical outlets across various regions, enhancing its distribution and education service systems[28]. - The company aims to strengthen its education service network and expand into K12 smart schools and vocational education[29]. - The logistics business is being upgraded through lean operations and smart technology to enhance supply chain services[29]. - The company is actively involved in game publishing and investment in cultural education and technology sectors[29]. - The company's supply chain and logistics services achieved revenue of 2.199 billion yuan, representing a year-on-year growth of 20.03%[38]. - The "Reading+" new retail system generated sales of 392 million yuan, a significant increase of 383.59% year-on-year[39]. - The education equipment and multimedia business reported revenue of 1.141 billion yuan, with a year-on-year growth of 47.85%[41]. - The company secured 64 smart education construction and operation projects, with a total bid amount of 680 million yuan, reflecting a year-on-year increase of 398%[41]. - The company launched over 240 products on its gaming platform, with registered users exceeding 1.2 million[41]. - The company established 121 shared bookstores as part of its new retail system by the end of 2020[39]. - The company completed the construction and renovation of 124 township outlets during the reporting period, bringing the total to 780 physical outlets[38]. - The company’s smart logistics system underwent automation upgrades in Hefei and Beijing, enhancing its logistics capabilities[41]. - The company’s digital education platform, covering over 11,000 schools and 16 million users, was recognized as a "2020 Lifelong Learning Brand Project" by the Ministry of Education[41]. Research and Development - The company reported a significant increase in R&D expenses, which rose by 157.69% to 20.22 million RMB[46]. - Total R&D investment amounted to ¥28,353,277.71, representing 0.32% of operating revenue[55]. - Research and development expenses rose significantly to 20,216,763.02 CNY in 2020, compared to 7,845,503.32 CNY in 2019, reflecting an increase of about 157%[192]. Risks and Challenges - The company reported no significant risks that could materially affect its operations during the reporting period[5]. - The company is facing risks from the ongoing impact of the COVID-19 pandemic, which may affect its business operations[91]. - The company has faced significant risks due to technological innovations in 5G, cloud computing, and AI, impacting traditional publishing and cultural consumption[92]. - The competitive landscape in the publishing industry has intensified, prompting the company to explore new business models and enhance digital capabilities[92]. Shareholder Information - The total number of ordinary shareholders increased from 26,897 to 27,521 during the reporting period[130]. - The top shareholder, Anhui Xinhua Publishing Group Co., Ltd., holds 1,092,968,865 shares, representing 54.95% of total shares[131]. - The second-largest shareholder, Xinhua Group - Guotai Junan - holds 310,000,000 shares, accounting for 15.58%[131]. - The third-largest shareholder, New EB Guarantee and Trust Property Special Account, increased its holdings by 240,000 shares to 124,640,000 shares, which is 6.27%[131]. - The company has no significant changes in its top ten shareholders during the reporting period[132]. - The actual controller of the company is the Anhui Provincial Government[135]. - There are no significant changes in the actual controller during the reporting period[135]. Employee and Management Information - The number of employees in the parent company is 110, while the total number of employees in major subsidiaries is 6,197, resulting in a combined total of 6,307 employees[153]. - The company organized 401 online training activities throughout the year, with a total of 22,500 participants[155]. - The company has implemented a performance-oriented salary system based on market conditions, including annual salary, position performance pay, and contractual salary systems[154]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.2439 million yuan[149]. - The company has undergone changes in its board of directors and senior management, with several new appointments made during the reporting period[150]. Audit and Compliance - The company’s financial report received a standard unqualified audit opinion from the accounting firm Rongcheng[4]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[168]. - The internal control self-assessment report was disclosed simultaneously with the annual report, indicating no significant deficiencies in internal controls during the reporting period[163]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[102].

Financial Performance - Net profit attributable to shareholders increased by 8.32% to CNY 661,784,765.83 year-on-year[17] - Operating income decreased by 6.16% to CNY 6,364,540,945.29 compared to the same period last year[17] - Basic earnings per share increased by 6.45% to CNY 0.33[17] - Total operating revenue for Q3 2020 was ¥2,615,832,092.26, an increase of 11.4% compared to ¥2,347,143,855.69 in Q3 2019[46] - Net profit for the first three quarters of 2020 reached ¥700,564,646.82, compared to ¥641,812,752.21 in the same period of 2019, indicating a growth of 9.5%[46] - Net profit for Q3 2020 reached CNY 41,003,697.79, compared to a net loss of CNY 94,529,493.92 in Q3 2019[51] - The total comprehensive income attributable to the parent company for Q3 2020 was CNY 215,436,296.95, compared to CNY 180,936,377.29 in Q3 2019[50] Assets and Liabilities - Total assets increased by 10.15% to CNY 15,503,700,399.56 compared to the end of the previous year[17] - The company's trading financial assets increased by 32.64% to ¥1,892,146,119.88 compared to the previous year, primarily due to an increase in financial management assets during the reporting period[24] - Total liabilities reached ¥4,490,615,414.73, up from ¥3,435,001,289.57, representing an increase of approximately 30.7%[37] - Current liabilities rose to ¥4,181,903,643.57, a significant increase from ¥3,282,129,290.36, marking a growth of approximately 27.4%[35] - Total current assets increased to ¥11,654,424,520.74 from ¥10,478,105,014.95 year-on-year[31] - Non-current assets totaled ¥3,849,275,878.82, compared to ¥3,597,168,148.61, reflecting an increase of about 7%[35] Cash Flow - Net cash flow from operating activities decreased by 52.23% to CNY 259,716,486.76 year-to-date[17] - Cash inflow from operating activities was CNY 6,188,754,682.09, down from CNY 6,822,115,477.18 in the same period last year, representing a decline of approximately 9.3%[58] - Cash outflow from investing activities totaled CNY 1,526,531,993.95, compared to CNY 511,193,181.90 in the same period last year, reflecting a substantial increase in investment spending[58] - Net cash flow from investing activities was negative at CNY -817,184,973.55, contrasting with a positive CNY 271,283,519.61 in the previous year[58] - The ending balance of cash and cash equivalents was CNY 1,519,390,176.12, down from CNY 6,415,167,719.14 at the end of the previous year[60] Shareholder Information - The total number of shareholders reached 27,495 by the end of the reporting period[23] - The largest shareholder, Anhui Xinhua Publishing (Group) Holding Co., Ltd., holds 54.95% of the shares[23] - Shareholders' equity increased to ¥11,013,084,984.83 from ¥10,640,271,873.99, reflecting a growth of about 3.5%[37] Investment and Expenses - Research and development expenses in Q3 2020 were ¥2,467,948.75, a decrease of 20.4% from ¥3,102,966.33 in Q3 2019[46] - Investment income decreased significantly by 347.15% to -¥17,753,328.26, mainly due to reduced returns from investment projects[27] - The company received CNY 590,360,816.22 from investment recoveries, a decrease from CNY 689,431,856.37 in the previous year[58] - The company paid CNY 1,458,838,764.57 for investments, significantly higher than CNY 391,237,626.10 in the same period last year, indicating aggressive investment strategies[58] Future Outlook - The company is focusing on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[78] - Future guidance remains optimistic, with expectations for continued growth in key financial metrics[78]