证券代码：601900 证券简称：南方传媒 公告编号：临 2023-040 南方出版传媒股份有限公司 关于投资建设岭南文化创意产业园项目的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 （二）该议案已经公司 2023 年第三次临时董事会审议，无需提交股东大会 审议。 （三）该建设项目不属于关联交易和重大资产重组事项。 二、项目基本情况 项目建设主体为广东粤新文化产业投资有限公司，广东省广弘资产经营有限 公司、广东新华发行集团股份有限公司、广东新华印刷有限公司分别持有广东粤 新文化产业投资有限公司 35%、33%、32%股权。经广弘资产公司授权委托后，发 项目名称：岭南文化创意产业园项目 投资金额：18.51 亿元人民币 相关风险提示：项目在未来的经营期内，存在因政策调整、项目实施 条件变化、信贷政策收紧的资金风险及市场（租售收入）等风险 行集团、新华印刷分别行使粤新公司 65.7%和 34.3%的表决权。 项目位于广东省肇庆市大旺高新区临江工业园滨江路东面、广佛肇高速公路 南面地块，本工程规划用地面积为 160,0 ...

证券代码：601900 证券简称：南方传媒 公告编号：临 2023-039 南方出版传媒股份有限公司 2023 年第三次临时董事会决议公告 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。 一、董事会会议召开情况 南方出版传媒股份有限公司（以下简称"公司"）2023 年第三次临时董事会 会议于 2023 年 8 月 15 日在公司二楼 203 会议室以现场结合通讯方式召开。本次 董事会会议通知于 2023 年 8 月 10 日以书面和电子邮件方式发出。会议由董事长 谭君铁先生召集并主持，会议应出席董事 9 名，实际出席董事 9 名（其中，通讯 方式出席会议 5 人），公司监事、高级管理人员列席了本次会议。会议符合《中 华人民共和国公司法》和《南方出版传媒股份有限公司章程》等有关规定，合法 有效。 二、董事会会议审议情况 1.审议通过《关于子公司投资建设岭南文化创意产业园项目的议案》 表决结果：9 名同意，占参加表决的全体董事人数的 100%；0 名弃权，0 名 反对。 会议同意公司子公司广东新华发行集团有限公司、广东新华印刷有限 ...

证券代码：601900 证券简称：南方传媒 公告编号：临 2023-041 南方出版传媒股份有限公司 关于参与设立投资基金的公告 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： ● 投资基金名称及方向：上海海通创意老凤祥专项股权投资基金合伙企业 （有限合伙）（暂名，以正式工商注册后为准）（以下简称"海通专项基金"）。海 通专项基金用于受让央地融合（上海）工艺美术股权投资中心（有限合伙）（以 下简称"工美基金"）所持上海老凤祥有限公司（以下简称"老凤祥有限"）部分 股权。 ● 投资金额：总规模 2.01 亿元，其中普通合伙人海通创意私募基金管理有 限公司认缴出资 100 万元。南方出版传媒股份有限公司（以下简称"南方传媒" "公司"）拟认缴出资 5,000 万元，认缴比例为 24.88%。 ● 风险提示：主要风险包括本基金尚需履行中国证券投资基金协会等的登 记注册、备案等手续，具体设立和开始投资运作的时间存在一定的不确定性；基 金后续能否按预期募集成功存在不确定性。敬请广大投资者注意投资风险；基金 未来所投资的项 ...

岭南文化创意产业园项目 可行性研究报告 （专家评审会后修改稿） 广州巴菲特投资咨询有限公司 二〇二三年 岭南文化创意产业园项目 可行性研究报告 （专家评审会后修改稿） 广州巴菲特投资咨询有限公司 市政公用工程、建筑 甲 232021011057 二〇二三年 WWW.WANNEWS. WANT START AND START AN CE WANDA 工程咨询单位资信证书 单位名称: 广州巴菲特投资咨询有限公司 广州市海珠区江晓路宝成街10号A栋1801（仅 作写字楼功能用） 住 所: 统一社会信用代码: 91440105755574547B 法定代表人: 李军 技术负责人: 王树德 资信等级: 甲级 资信类别: 专业资信 建筑 , 市政公用工程 नार 务:人 甲232021011057 证书编号: 2022年01月21日至2025年01月20日 有 效 期: 发证单位: and and the same of the same of the see and the seems of 岭南文化创意产业园项目——可行性研究报告 项目主要编制人员 | 编制人员 | | 王树德 | | 注册咨询工程师（投资） | | ...

证券代码：601900 证券简称：南方传媒 公告编号： 临 2023-035 南方出版传媒股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 问题征集方式：投资者可于 2023 年 6 月 15 日（星期四）至 6 月 21 日（星 期三）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@nfcb.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。 南方出版传媒股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日 发布了《南方传媒 2022 年年度报告》和《南方传媒 2023 年第一季度报告》，为 便于广大投资者更全面深入地了解公司经营成果、财务状况，公司计划于 2023 年06月26 日上午10:00-11:00 举行2022年度暨2023年第一季度业绩说明会， 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形式召开，公司将针对 2 ...

Financial Performance - The company's operating revenue for Q1 2023 was RMB 2,202,947,752.27, representing a 6.80% increase compared to RMB 1,860,765,750.21 in the same period last year[20]. - Net profit attributable to shareholders of the listed company reached RMB 223,218,008.99, a significant increase of 37.03% from RMB 130,148,524.17 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 186,699,767.09, showing a decrease of 15.39% compared to RMB 188,036,141.10 in the previous year[20]. - Net profit for Q1 2023 reached CNY 252,386,827.10, compared to CNY 168,295,443.65 in Q1 2022, representing a growth of 49.94%[34]. - The company’s total comprehensive income for Q1 2023 was CNY 252,386,827.10, compared to CNY 168,295,443.65 in Q1 2022, reflecting a significant increase[34]. Earnings and Shareholder Metrics - Basic earnings per share (EPS) increased to 0.25 CNY from 0.15 CNY, representing a growth of 66.67% year-over-year[21]. - Diluted earnings per share (EPS) also rose to 0.25 CNY from 0.15 CNY, reflecting a 66.67% increase compared to the previous year[21]. - Earnings per share for Q1 2023 were CNY 0.25, up from CNY 0.18 in Q1 2022, indicating a 38.89% increase[34]. - The total equity attributable to shareholders of the parent company increased to CNY 7,461,768,267.04 from CNY 7,236,930,550.84, a rise of 3.11%[32]. - The minority interest in net profit for Q1 2023 was CNY 29,168,818.11, compared to CNY 5,397,903.80 in Q1 2022, showing a substantial rise[34]. Cash Flow and Liquidity - The net cash flow generated from operating activities was RMB 170,836,020.32, down 19.54% from RMB 263,395,694.61 in the same quarter last year[20]. - In Q1 2023, the net cash flow from operating activities was ¥170,836,020.32, a decrease of 19.5% compared to ¥212,316,663.37 in Q1 2022[45]. - Total cash inflow from operating activities was ¥2,081,467,365.33, down from ¥2,188,167,776.87 in the same period last year, reflecting a decline of 4.9%[45]. - The total cash and cash equivalents at the end of Q1 2023 reached ¥3,181,431,306.11, compared to ¥1,845,342,405.97 at the end of Q1 2022, showing a significant increase of 72.3%[46]. Assets and Liabilities - Total assets amounted to RMB 15,730,967,248.90, an increase from RMB 14,817,839,294.87 year-on-year[12]. - Total liabilities were RMB 7,425,508,835.32, compared to RMB 6,770,092,572.58 in the previous year, indicating an increase in leverage[12]. - The total assets and equity reached CNY 15,730,967,248.90, compared to CNY 14,817,839,294.87, marking an increase of 6.15%[32]. - The total equity attributable to shareholders was RMB 8,305,458,413.58, showing an increase from RMB 8,047,746,722.29 year-on-year[12]. Inventory and Operating Costs - The company's inventory stood at RMB 1,771,810,776.71, up from RMB 1,455,449,925.32, reflecting a growth in stock levels[11]. - Inventory levels increased by 21.74%, primarily due to normal seasonal stocking for spring educational materials[23]. - Total operating costs for Q1 2023 were CNY 1,951,331,509.93, up from CNY 1,787,314,189.04 in Q1 2022, reflecting an increase of 9.15%[42]. Other Financial Metrics - The weighted average return on equity (ROE) improved to 3.04%, up by 1.23 percentage points from 1.81% in the previous year[21]. - Government subsidies recognized in the current period amounted to 15,565,160.09 CNY, contributing positively to the financial results[22]. - Non-operating income from the disposal of non-current assets resulted in a loss of 70,274.51 CNY, impacting overall profitability[22]. - The company reported a fair value change gain of 20,683,438.99 CNY from equity investments and fund products[23]. - The company reported a foreign exchange gain of CNY 21,136,180.74, contrasting with a loss of CNY 71,770,975.82 in the previous period[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,326, with the largest shareholder holding 54.71% of the shares[25].

Financial Performance - The company's operating revenue for 2022 was approximately ¥9.05 billion, representing a 6.57% increase compared to ¥8.50 billion in 2021[23]. - The net profit attributable to shareholders for 2022 was approximately ¥943.36 million, a decrease of 2.65% from ¥969.08 million in 2021[23]. - The basic earnings per share for 2022 was ¥1.06, down 1.85% from ¥1.08 in 2021[22]. - The net cash flow from operating activities increased by 81.57% to approximately ¥2.42 billion in 2022, compared to ¥1.34 billion in 2021[23]. - The weighted average return on equity decreased to 12.69% in 2022 from 13.53% in 2021, a decline of 0.84 percentage points[22]. - The net profit after deducting non-recurring gains and losses for 2022 was approximately ¥878.60 million, an increase of 16.61% from ¥753.42 million in 2021[23]. - The company's total assets at the end of 2022 were approximately ¥14.82 billion, a 4.82% increase from ¥14.14 billion at the end of 2021[23]. - The net assets attributable to shareholders decreased by 3.23% to approximately ¥7.24 billion at the end of 2022, down from ¥7.48 billion at the end of 2021[23]. - The company achieved an annual revenue of 9.055 billion yuan, representing a year-on-year growth of 6.57%[31]. - Net profit for the year was 1.062 billion yuan, with a year-on-year increase of 2.39%[31]. - The total assets reached 14.818 billion yuan, showing a growth of 4.82% compared to the previous year[31]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 4.70 yuan per 10 shares, totaling 421,061,986.02 yuan, based on a total share capital of 895,876,566 shares as of the end of 2022[5]. - The company reported a net profit attributable to ordinary shareholders of RMB 808,332,371.19, with a dividend payout ratio of 36.01%[159]. - The company implemented a cash dividend policy in compliance with relevant laws and regulations, ensuring protection of minority shareholders' rights[154]. Audit and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm, ensuring the authenticity and completeness of the financial report[4]. - The company’s management team, including the legal representative and accounting supervisor, has confirmed the accuracy and completeness of the annual report[4]. - The internal control system was independently audited by Xinyong Zhonghe Accounting Firm, receiving a standard unqualified opinion on its effectiveness for 2022[163]. - The company has not faced any penalties from securities regulatory agencies in the past three years[142]. - The company has not reported any significant deficiencies in its internal control system during the reporting period[161]. Operational Highlights - The company constructed and renovated 17 new bookstores, increasing the total sales area to 216,400 square meters[37]. - The company operates 199 central stores (including 62 educational bookstores) and 103 campus bookstores, with a total of 631 sales outlets covering 94 cities and counties in the province[49]. - The company has established a distribution network across Guangdong province, enhancing its market reach and operational efficiency[48]. - The company has a strong talent pool, with many senior management personnel having over 20 years of experience in the education and publishing industry, providing a solid foundation for future growth[50]. Strategic Initiatives - The company is actively pursuing strategic restructuring and professional integration to resolve competition issues and enhance resource allocation[40]. - The company plans to continue expanding its market share in the national textbook sector, particularly in the Guangdong region, while also exploring opportunities in overseas markets[49]. - The company is focusing on the integration of "digital education + digital media," enhancing the user experience and increasing user numbers on the Yuejiao Xiangyun platform[115]. - The company aims to implement a "four-wheel drive" development strategy focusing on content, channels, digitalization, and capital[112]. Legal and Regulatory Matters - The company has disclosed significant litigation matters in its annual report, indicating a proactive approach to legal challenges[190]. - The company has ongoing litigation involving Guangzhou Huahui Technology Co., Ltd. and others, with a claim amount of RMB 29.51 million, which is currently in the second instance[194]. - The company has reported a civil lawsuit victory against Guangzhou Guokai Flower Trading Co., with a claim amount of RMB 4.54 million, currently in the second instance[194]. Social Responsibility - The company has committed to social responsibility, with a detailed report available on its website regarding its 2022 social responsibility efforts[172]. - Total investment in social responsibility projects amounted to 2.4982 million CNY[173]. - The company invested 0.779 million CNY in poverty alleviation and rural revitalization projects, benefiting 3,000 people[174]. Future Outlook - The company plans to enhance its digital platforms to better serve customers[132]. - Financial guidance for the upcoming year suggests a cautious but optimistic growth trajectory[132]. - The company anticipates continued growth in the education and publishing sectors, with a focus on expanding its market presence and product offerings[76].

Financial Performance - The company's operating revenue for Q3 2022 was RMB 2,390,986,267.35, a slight increase of 0.13% compared to RMB 2,387,801,973.62 in the same period last year[6]. - Net profit attributable to shareholders was RMB 209,009,037.24, representing a decrease of 53.13% from RMB 445,950,533.81 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was RMB 245,883,266.66, down 25.25% from RMB 328,960,959.15 in the previous year[8]. - Basic and diluted earnings per share were both RMB 0.23, a decrease of 54.00% compared to RMB 0.50 in the same period last year[8]. - The weighted average return on equity was 2.68%, down 3.71 percentage points from 6.39% year-on-year[8]. - Total operating revenue for the first three quarters of 2022 reached ¥6,270,755,434.35, an increase from ¥6,073,679,277.23 in the same period of 2021, representing a growth of approximately 3.25%[35]. - The company's net profit for the first three quarters of 2022 is not explicitly stated but can be inferred from the operating revenue and costs[35]. - The net profit for the current period is 599,407,698.33, a decrease of 28.1% compared to 833,651,523.59 in the previous period[38]. - The operating profit is reported at 642,269,396.97, down from 886,195,057.55, indicating a decline of 27.5%[38]. - The total comprehensive income for the period is 599,407,698.33, down from 833,651,523.59, representing a decrease of 28.1%[40]. - The basic and diluted earnings per share are both 0.61, compared to 0.88 in the previous period, indicating a decline of 30.7%[40]. - The total profit before tax is 638,716,060.24, down from 882,355,822.14, indicating a decrease of 27.6%[38]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 15,292,358,912.03, an increase of 8.29% from RMB 14,121,248,824.48 at the end of the previous year[8]. - Total assets as of September 30, 2022, were ¥15,292,358,912.03, up from ¥14,121,248,824.48 at the end of 2021, indicating a growth of about 8.29%[34]. - Total liabilities increased to ¥7,514,381,840.06 as of September 30, 2022, from ¥6,298,668,751.89 at the end of 2021, representing a rise of approximately 19.36%[34]. Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 1,376,470,333.72, a significant increase of 217.41% compared to RMB 433,651,833.91 in the previous year[8]. - The cash flow from operating activities generated a net amount of 1,376,470,333.72, compared to 433,651,833.91 in the previous period, showing a significant increase of 217.5%[44]. - Net cash flow from investing activities was -$247.04 million, an improvement from -$586.15 million in the previous period[45]. - Total cash inflow from financing activities was $492.04 million, down from $646.17 million year-over-year[45]. - Net cash flow from financing activities was -$816.40 million, worsening from -$431.58 million year-over-year[45]. - The net increase in cash and cash equivalents was $313.03 million, a significant recovery from a decrease of $584.11 million in the previous period[45]. - The ending balance of cash and cash equivalents rose to $2.18 billion, up from $1.44 billion in the previous period[45]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Guangdong Education Bookstore Co., Ltd. on August 12, 2022, which is now included in the consolidated financial statements[11]. - The company also acquired 65.7% and 33.3% equity stakes in Guangdong Yuexin Cultural Industry Investment Co., Ltd. for a total of RMB 17,593.69 million[11]. - Long-term equity investments rose by 69.48%, reflecting new investments made by the headquarters[18]. Operational Metrics - Total operating costs for the first three quarters of 2022 were ¥5,502,884,113.18, compared to ¥5,311,561,928.75 in 2021, indicating an increase of about 3.60%[35]. - Research and development expenses for the first three quarters of 2022 were ¥6,086,369.95, indicating ongoing investment in innovation[35]. - The company reported a decrease in financial expenses to -¥17,652,393.11 in the first three quarters of 2022, compared to -¥19,244,874.71 in the same period of 2021, reflecting improved financial management[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,968[24]. - Guangdong Publishing Group Co., Ltd. held 54.71% of the shares, amounting to 490,136,379 shares[24]. Other Financial Metrics - The company reported government subsidies of RMB 20,128,225.36 for the current period, totaling RMB 43,423,233.18 year-to-date[12]. - The company reported a loss of 36,874,229.42 in non-recurring gains and losses for the current period, compared to a loss of 80,856,308.28 in the previous period, indicating an improvement[18]. - The fair value changes of financial assets resulted in a loss of 64,280,837.19, with a total loss of 142,516,912.74 for the period, primarily due to changes in equity investments and fund products[18]. - The company experienced a 28.56% increase in accounts receivable, mainly due to the recognition of receivables from the autumn textbook and digital textbook phases[18]. - Inventory increased by 52.32%, attributed to preparations for the autumn educational materials[18]. - The company reported a significant increase of 442.53% in other current assets, mainly due to the increase in estimated and pending certified input tax[18]. - The company’s long-term borrowings increased by 22.40%, corresponding to ongoing construction projects[18]. - The company’s minority shareholders' equity increased by 146.43%, primarily due to the issuance of shares to acquire 100% equity of an educational bookstore[18].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,364,112,882.72, representing a 4.33% increase compared to CNY 3,224,600,360.32 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was CNY 275,272,639.82, a slight increase of 0.32% from CNY 274,383,138.86 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 319,346,490.15, which is a 23.47% increase from CNY 258,641,160.19 in the same period last year[19]. - The net cash flow from operating activities reached CNY 992,150,009.08, showing a significant increase of 167.79% compared to CNY 370,490,491.76 in the previous year[19]. - The total operating revenue for the first half of 2022 was CNY 3,364,112,882.72, representing an increase of 4.34% compared to CNY 3,224,600,360.32 in the same period of 2021[110]. - The total operating costs for the first half of 2022 amounted to CNY 3,034,643,663.94, up 2.43% from CNY 2,962,505,120.20 in the first half of 2021[110]. - The net profit for the first half of 2022 was CNY 282,342,477.29, a slight increase from CNY 278,020,922.79 in the same period of 2021[111]. - The company reported a significant increase in cash flow, indicating improved liquidity and financial health[102]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,126,893,060.89, a decrease of 0.37% from CNY 13,175,146,293.91 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 1.63% to CNY 6,994,527,697.32 from CNY 7,110,094,474.49 at the end of the previous year[19]. - The company's total assets reached CNY 10,615,191,978.30, an increase from CNY 9,296,658,426.76 at the end of the previous period[108]. - The total liabilities amounted to CNY 6,147,705,626.16, compared to CNY 4,382,175,852.07 in the previous period, indicating a significant increase[108]. - Total current assets decreased from ¥6,173,342,983.15 to ¥6,074,223,668.60, a decline of approximately 1.8%[102]. - Total non-current assets increased from ¥7,001,803,310.76 to ¥7,052,669,392.29, an increase of approximately 0.7%[103]. - Total liabilities increased from ¥5,864,155,367.34 to ¥5,931,485,458.45, a rise of about 1.1%[104]. - Total equity decreased from ¥7,310,990,926.57 to ¥7,195,407,602.44, a decline of approximately 1.6%[104]. Earnings Per Share - The basic earnings per share remained stable at CNY 0.31, unchanged from the same period last year[20]. - The diluted earnings per share also remained at CNY 0.31, consistent with the previous year[20]. - The company reported a 24.14% increase in basic earnings per share after deducting non-recurring gains and losses, rising to CNY 0.36 from CNY 0.29 in the same period last year[20]. Market Position and Strategy - The company operates a distribution network with 1,127 sales outlets, including 127 central stores and 135 campus bookstores, covering 94 cities and counties in Guangdong Province[31]. - The company has a significant market share in the national textbook publishing sector, with its self-developed curriculum materials widely used across the country[32]. - The company plans to expand its market share of Guangdong version textbooks in primary and secondary schools nationwide[31]. - The company has a competitive advantage due to its location in Guangdong, which has a large population and strong cultural education resources[29]. - The company is focusing on internationalization as a strategic initiative, leveraging its geographical advantages to enhance overseas distribution networks[34]. - The company has implemented a strategy to strengthen its core business and expand its industry presence through high-quality publications[30]. Research and Development - R&D expenses increased by 98.54% to 4.17 million RMB, driven by the expansion of digital projects[46]. - Research and development expenses for the first half of 2022 were CNY 4,168,149.25, significantly higher than CNY 2,099,392.70 in the same period of 2021, reflecting increased investment in innovation[110]. - The company is focusing on expanding its market presence and enhancing product offerings through new technology development[102]. Environmental and Social Responsibility - The company has implemented environmental protection measures, ensuring that all emissions meet standards and achieving zero industrial wastewater discharge[66]. - The company completed upgrades to its pollution control facilities, including the installation of advanced VOCs treatment systems[67]. - The company has been actively involved in green production initiatives, obtaining certifications for environmentally friendly printing practices[68]. - The company assisted in the construction of public facilities in Shangying Village, including the installation of 60 streetlights and the hardening of over 5.8 kilometers of alleys[70]. - The company donated 1,500 books and 6 computers to Shangying Village, and 3,000 books to the local government and schools, supporting educational revitalization efforts[70]. - The company helped to protect over 103 acres of farmland by cleaning and regulating approximately 800 meters of river channels, addressing long-standing flooding issues[70]. Legal and Regulatory Matters - The company reported a significant legal claim amounting to approximately ¥353.69 million related to a civil lawsuit[80]. - The company achieved a favorable outcome in multiple civil lawsuits, with amounts won including ¥4.24 million, ¥29.51 million, and ¥9.50 million respectively[80]. - The company is addressing potential liabilities related to employee social insurance and housing fund contributions due to the acquisition of Xinhua Bookstore[76]. - The company has identified issues with property rights in 22 properties acquired through the Xinhua Bookstore merger, with commitments from Guangban Group to compensate for any losses incurred[76]. - The company is involved in a legal dispute with Guangdong Tianshi Holding Group regarding unpaid rent and has initiated court proceedings to recover amounts totaling 353.69 million RMB[87]. Shareholder Information - The company repurchased 13,259,972 shares during the reporting period, with a total expenditure of 104.96 million (excluding transaction fees)[96]. - The total number of ordinary shareholders as of the end of the reporting period was 24,813[93]. - The largest shareholder, Guangdong Publishing Group Co., Ltd., held 490,136,379 shares, accounting for 54.71% of the total shares[95]. - The second-largest shareholder, Guotai Junan Securities, held 140,000,000 shares, representing 15.63% of the total shares[95]. - The company did not experience any changes in its share capital structure during the reporting period[92]. Accounting and Financial Reporting - The company's financial statements are prepared based on the assumption of going concern, following the relevant accounting standards and regulations[148]. - The company employs an expected credit loss model for assessing financial asset impairment, which requires significant judgment and estimation based on various economic and market factors[150]. - The company assesses inventory impairment based on the lower of cost and net realizable value, considering factors such as marketability and obsolescence[150]. - The company conducts annual impairment tests for goodwill and assesses the recoverable amount of non-current assets when there are indications of impairment[152]. - The company recognizes deferred tax assets for unused tax losses, contingent on sufficient taxable profits to offset these losses[153]. Future Outlook - Future guidance indicates a cautious outlook due to market conditions, with a focus on cost management and operational efficiency[102].

Financial Performance - The company's operating revenue for 2021 was approximately ¥7.60 billion, representing a 10.17% increase from ¥6.90 billion in 2020[24]. - Net profit attributable to shareholders for 2021 was approximately ¥808.33 million, a 6.30% increase from ¥760.44 million in 2020[24]. - The net cash flow from operating activities increased by 61.07% to approximately ¥1.26 billion in 2021, compared to ¥780.70 million in 2020[24]. - The total assets at the end of 2021 were approximately ¥13.18 billion, reflecting a 15.01% increase from ¥11.46 billion at the end of 2020[24]. - Basic earnings per share for 2021 were ¥0.90, up 5.88% from ¥0.85 in 2020[24]. - The weighted average return on equity for 2021 was 11.81%, a decrease of 0.24 percentage points from 12.05% in 2020[24]. - The company reported a net profit of approximately ¥424.47 million in Q3 2021, which was the highest quarterly profit for the year[25]. - Non-recurring gains and losses totaled approximately ¥215.56 million in 2021, compared to ¥101.36 million in 2020[30]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥592.77 million, a decrease of 10.06% from ¥659.08 million in 2020[24]. - The company's net assets attributable to shareholders increased by 8.07% to approximately ¥7.11 billion at the end of 2021, compared to ¥6.58 billion at the end of 2020[24]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.3 CNY per 10 shares, totaling approximately 295.64 million CNY based on the total share capital of 895,876,566 shares as of the end of 2021[6]. - The board has approved a dividend payout of 0.5 yuan per share, reflecting the company's strong financial performance and commitment to returning value to shareholders[145]. - The company's cash dividend policy complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[170]. Compliance and Governance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[8]. - The company operates under the supervision of the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring compliance with regulatory standards[13]. - The company adheres to legal regulations in its governance structure, ensuring that shareholder rights are protected and that the board operates effectively[128]. - The company has established a robust supervisory framework to oversee financial conditions and compliance, ensuring the protection of shareholder interests[128]. - The company ensures compliance with legal and regulatory requirements for information disclosure and corporate governance, maintaining transparency for all shareholders[131]. Market and Operational Strategy - The company plans to expand its e-commerce business and enhance marketing strategies to drive future growth[59]. - The company is actively expanding its market presence outside Guangdong, particularly in the national market for its Guangdong version textbooks[51]. - The company aims to improve its distribution capabilities by enhancing physical outlets and creating four major platforms, including physical stores and professional e-commerce, to increase market bargaining power[125]. - The company is focusing on the integration of "digital education + digital media" to enhance the brand influence and market competitiveness of its digital education platform[125]. - The company plans to leverage capital to drive technological transformation and business improvement, aiming for a diversified revenue model through investment support[125]. Research and Development - The R&D expenses were reported at 7.87 million RMB, indicating ongoing investment in innovation[56]. - The company has a total of 26 R&D personnel, accounting for 0.42% of the total workforce[77]. - The company plans to invest 200 million yuan in research and development over the next fiscal year to drive innovation[145]. Social Responsibility and Community Engagement - The company has engaged in social responsibility initiatives, with detailed reports available on its website[185]. - The company sent 3 party members to assist in rural revitalization efforts in Shaoguan City, Shixing County, focusing on building a beautiful rural community[186]. - During the 2021 assistance period, the company organized 3 party meetings and 6 branch meetings, and provided 2 specialized party lectures[186]. - The company donated over 1,000 books and 6 computers to support the village library and enhance digital reading capabilities[186]. Risks and Challenges - Risks include potential underperformance in new business expansion and the expiration of tax incentives, which could negatively impact operational status[126]. - The company faces risks related to the rapid development of digital publishing, which may affect its competitive position if capital investment and talent reserves do not meet market demands[126]. - Rising raw material costs, particularly paper prices, could adversely affect the company's gross margin[126]. - The ongoing COVID-19 pandemic may impact store traffic, particularly for Xinhua Bookstore locations[126]. Employee and Management Compensation - The total pre-tax remuneration for the General Manager, Ye He, during the reporting period was 915,200 CNY[139]. - The total pre-tax remuneration for the Chief Financial Officer, Cui Song, during the reporting period was 777,600 CNY[141]. - The total pre-tax remuneration for the Deputy General Manager, Xiao Fenghua, during the reporting period was 515,400 CNY[141]. - The total pre-tax remuneration for the Deputy General Manager, Jiang Dongju, during the reporting period was 921,500 CNY[139]. - The total pre-tax remuneration for the Deputy General Manager, Sun Zejun, during the reporting period was 921,500 CNY[139]. - The total pre-tax remuneration for the Secretary of the Board, Lei He, during the reporting period was 921,500 CNY[139]. - The total pre-tax remuneration for the Chief Editor, Xiao Yanbing, during the reporting period was 953,800 CNY[139]. - The total pre-tax remuneration for the Independent Director, Lin Yuming, during the reporting period was 60,000 CNY[139]. - The total pre-tax remuneration for the Independent Director, Lin Bin, during the reporting period was 60,000 CNY[139]. - The total pre-tax remuneration for the Independent Director, Jiang Dongju, during the reporting period was 60,000 CNY[139]. Environmental Initiatives - The company has completed significant upgrades to its environmental protection facilities, achieving zero industrial wastewater discharge since 2019[180]. - The company has obtained a national pollution discharge permit and has been actively involved in green production activities, including low VOCs printing certification[180]. - The company has adopted advanced production equipment to ensure that emissions meet standards, contributing to pollution prevention[183].