Financial Performance - Net profit attributable to shareholders rose by 26.37% to CNY 1.10 billion for the year-to-date period[6] - Basic earnings per share increased by 26.38% to CNY 0.4336[7] - The company's net profit for the current period reached CNY 335,810,389.01, a significant increase from CNY 99,815,030.03 in the same period last year, representing a growth of approximately 236%[22] - Total comprehensive income amounted to CNY 349,210,927.61, compared to CNY 92,792,309.60 in the previous year, indicating a year-over-year increase of about 276%[23] - Basic earnings per share for the current period was CNY 0.1282, up from CNY 0.0360 in the same period last year, reflecting a growth of approximately 256%[23] - The company reported a net profit of ¥1,162,928,173.12 for the first nine months, up from ¥920,000,914.85, representing a growth of 26.39%[21] - The company reported a total operating profit of CNY 54,848,170.18, down from CNY 452,376,373.88 in the previous year, indicating a decline of approximately 88%[26] - The total profit for the current period was CNY 57,957,683.08, compared to CNY 447,304,130.23 in the same period last year, indicating a decrease of about 87%[26] Revenue and Costs - Revenue for the year-to-date period reached CNY 7.86 billion, reflecting a 6.68% increase compared to the same period last year[6] - Total revenue for the first nine months reached ¥7,856,568,699.84, an increase of 6.67% compared to ¥7,364,930,226.53 in the same period last year[20] - Total operating costs for the same period were ¥6,986,821,405.55, up from ¥6,647,448,986.26, reflecting a year-on-year increase of 5.09%[21] Assets and Liabilities - Total assets increased by 8.91% to CNY 22.41 billion compared to the end of the previous year[6] - Total assets increased to ¥22,411,575,021.74 from ¥20,577,337,540.95, marking a growth in the company's asset base[14] - Total liabilities rose to ¥8,697,910,838.77 from ¥7,464,498,695.51, indicating an increase in the company's financial obligations[15] - Total liabilities increased to ¥7,691,741,921.14 from ¥7,299,403,044.72, which is an increase of 5.36%[19] - The company's equity increased to ¥10,280,063,690.08 from ¥9,764,001,360.95, showing a growth of 5.28%[19] Cash Flow - Operating cash flow increased by 48.28% to CNY 1.47 billion year-to-date[6] - Cash inflow from operating activities reached 8,845,616,553.72 RMB, up from 8,100,257,517.68 RMB year-on-year, indicating a growth of approximately 9.2%[29] - Net cash flow from operating activities was 1,469,518,574.78 RMB, compared to 991,057,037.04 RMB in the previous year, reflecting a year-on-year increase of about 48.3%[30] - Cash and cash equivalents increased by 42.34% to ¥8,134,891,745.93 from ¥5,715,052,110.42 due to increased cash recovery[10] - Cash and cash equivalents at the end of the period stood at 8,134,891,745.93 RMB, compared to 4,406,910,196.47 RMB at the end of the previous year, marking an increase of approximately 84.5%[31] - The net increase in cash and cash equivalents was $2.71 billion, compared to $876.10 million last year[33] Shareholder Information - The total number of shareholders reached 63,390 by the end of the reporting period[8] - The largest shareholder, Jiangsu Phoenix Publishing & Media Group Co., Ltd., holds 46.08% of the shares[8] Other Income and Expenses - The company reported non-operating income of CNY 199.67 million year-to-date, primarily from asset management gains[7] - Financial expenses increased by 167.95% to -¥121,813,851.41 from -¥45,461,339.67 due to higher interest income[10] - Investment income rose by 158.95% to ¥163,740,796.36 from ¥63,233,271.67, reflecting gains from the disposal of subsidiary investments[10] - Research and development expenses for the current period were CNY 8,358,969.69, slightly up from CNY 8,085,810.75 in the same period last year, showing a growth of about 3.4%[26] - The company recorded investment income of CNY 33,075,620.14, a decrease from CNY 412,908,927.38 in the previous year, reflecting a decline of approximately 92%[26] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[20] - The company has not disclosed any significant new product developments or market expansion strategies in this report[9]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 5,375,915,847.42, representing a year-on-year increase of 0.86% compared to CNY 5,330,198,516.51 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 777,232,884.92, a decrease of 0.58% from CNY 781,740,326.48 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 606,870,115.13, down 9.06% from CNY 667,313,071.72 in the same period last year[16]. - The net cash flow from operating activities was CNY 1,163,157,422.32, a decrease of 7.06% compared to CNY 1,251,461,284.70 in the previous year[16]. - Basic earnings per share for the first half of 2018 were CNY 0.3054, a decrease of 0.59% from CNY 0.3072 in the same period last year[17]. - The weighted average return on net assets was 6.08%, down 0.43 percentage points from 6.51% in the previous year[17]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,809,620,723.93, an increase of 1.13% from CNY 20,577,337,540.95 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company increased by 3.23% to CNY 12,787,324,726.30 from CNY 12,387,183,307.09 at the end of the previous year[16]. - The total liabilities amounted to CNY 7,423,111,140.42, a slight decrease from CNY 7,464,498,695.51, reflecting a decline of 0.55%[78]. - Current liabilities decreased slightly to CNY 6,292,681,685.26 from CNY 6,346,380,188.02, a reduction of 0.85%[78]. Market Position and Strategy - Phoenix Media's brand value reached 5.544 billion RMB, ranking 11th in the "2017 China Cultural Enterprise Brand Value TOP50" list and 1st among news publishing companies[19]. - The company published 23 types of national standard textbooks, covering over 40 million students across 29 provinces, maintaining a strong market presence[24]. - In the first half of 2018, Phoenix Media achieved a retail market share of 3.15% in the overall book retail market, ranking 3rd among national publishing groups[24]. - The company has established a strategic partnership with the provincial education department to promote educational informationization through various services[26]. - The company has built a comprehensive cultural industry ecosystem, integrating traditional and new media, with a focus on cloud computing, film, and cultural consumption complexes[27]. Investments and Divestments - The company reported a net profit loss of 13.84 million yuan from its subsidiaries, leading to a strategic divestment of stakes in underperforming businesses, including a 41.57 million yuan cash transfer of stakes in Xinhua Printing and Digital Printing[37]. - The company sold 100% equity of Jiangsu Phoenix Xinhua Printing Co., Ltd. and 93.76% equity of Jiangsu Phoenix Digital Printing Co., Ltd. for a cash consideration of 415.704 million yuan to optimize asset structure and address industry competition[46]. - The company has made total equity investments of $32.62 million during the reporting period, reflecting a 42.55% increase compared to the same period last year[45]. Cash Flow and Financial Health - The net cash flow from investing activities plummeted by 99.08% to $1.74 million, attributed to increased external investments[42]. - The net cash flow from financing activities worsened by 468.19% to -$518.23 million, mainly due to increased dividends to shareholders and debt repayments by subsidiaries[42]. - Cash and cash equivalents at the end of the period rose by 11.33% to $6.36 billion, representing 30.58% of total assets[43]. - The company’s cash and cash equivalents increased to ¥6,362,649,855.02 from ¥5,715,052,110.42, reflecting a growth of approximately 11.3%[76]. Tax and Regulatory Environment - The company is exempt from corporate income tax from January 1, 2009, to December 31, 2013, under specific tax policies for cultural enterprises[181]. - The corporate income tax rates for various subsidiaries range from 16.5% to 33.3% depending on the jurisdiction[179]. - The company benefits from a 100% VAT refund policy for certain publications aimed at children and the elderly[180]. Accounting Policies and Practices - The company adheres to the enterprise accounting standards, ensuring the accuracy and completeness of financial reporting[109]. - The company recognizes sales revenue when the ownership risks and rewards are transferred to the buyer, and the revenue amount can be reliably measured[166]. - The company uses the first-in, first-out method for material inventory valuation and the weighted average method for other inventory types[132]. Risk Management - The company faced cost control risks due to high paper prices, which negatively impacted the publishing business in the first half of 2018, with potential for significant fluctuations in the second half[49]. - The company is currently involved in arbitration regarding a legal dispute, which presents a risk with uncertain outcomes[49]. - The integrity status of the company and its controlling shareholders is good, with no significant debts or contract defaults reported[57].

江苏凤凰出版传媒股份有限公司 2018 年第一季度报告 公司代码：601928 公司简称：凤凰传媒 江苏凤凰出版传媒股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 江苏凤凰出版传媒股份有限公司 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 注：因国家出版发行业务增值税减免优惠政策于 2017 年年底到期，新的税收优惠政 策尚未出台，对本期收入及净利润产生一定影响。 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | 28,036,104.33 | | | 越权审批，或无正式批准文件，或偶发性的税收返 | | | | 还、减免 | | | 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 20,623,302,487.81 20,577,337, ...

Financial Performance - The company's operating revenue for 2017 was CNY 11,050,483,085, representing a 4.78% increase compared to CNY 10,546,505,808.61 in 2016[25]. - The net profit attributable to shareholders of the listed company was CNY 1,165,922,927.07, a slight decrease of 0.33% from CNY 1,169,799,225.94 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 775,778,509.23, down 16.40% from CNY 927,938,688.18 in 2016[25]. - The net cash flow from operating activities was CNY 1,816,911,231.98, a decrease of 4.58% compared to CNY 1,904,077,866.23 in 2016[25]. - The company reported a total operating income of CNY 3.69 billion in Q4 2017, with a net profit attributable to shareholders of CNY 292.67 million[29]. - The net cash flow from operating activities for Q4 2017 was CNY 825.85 million, showing a strong cash generation capability[29]. - The company achieved operating revenue of CNY 11.05 billion, a year-on-year increase of 4.78%[63]. - Net profit attributable to shareholders was CNY 1.166 billion, a slight decrease of 0.33% compared to the previous year[63]. - The net cash flow from operating activities was CNY 1.817 billion, down 4.58% year-on-year[65]. - Total assets at the end of the reporting period reached CNY 20.577 billion, an increase of 6.52% from the previous year[63]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.15 per share, totaling CNY 381,735,000, based on a total share capital of 2,544,900,000 shares as of December 31, 2017[7]. - The cash dividend distribution for 2017 is set at 0.15 RMB per share, maintaining a similar payout as in 2016, with a total of 381,735,000 RMB[119]. - The cash dividends distributed in 2017 represent 32.74% of the net profit attributable to ordinary shareholders, which was 1,165,922,927.07 RMB[119]. - The company has a profit distribution policy that mandates at least 10% of the distributable profits to be allocated for cash dividends each year[117]. - The company’s profit distribution policy emphasizes sustainable returns to investors while considering long-term development needs[117]. Assets and Liabilities - The net assets attributable to shareholders reached CNY 12.39 billion, an increase of 6.60% compared to CNY 11.62 billion in 2016[26]. - Total assets increased by 6.52% to CNY 20.58 billion from CNY 19.32 billion in 2016[26]. - Accounts receivable increased by 9.23% to 880,652,558.64 CNY, representing 4.28% of total assets[80]. - Inventory reached 2,344,191,943.43 CNY, accounting for 11.39% of total assets, with a growth of 3.60% compared to the previous period[80]. - The overall accounts payable increased by 7.11% to 3,458,786,462.36 CNY, representing 46.34% of total assets[80]. Market Position and Expansion - The company ranked 11th in the "2017 China Cultural Enterprise Brand Value TOP50" list, with a brand value of CNY 5.544 billion[36]. - The company is actively expanding into new industries such as smart education, film, and big data, enhancing its business model and resource sharing[36]. - The company ranks 3rd in the overall book retail market with a market share of 3.2%[42]. - The company has established a strategic partnership with the provincial education department to promote educational informationization in Jiangsu Province[45]. - The company plans to expand its market presence through new product development and strategic partnerships[83]. Research and Development - The company invested CNY 55.524 million in R&D, representing an 8.86% increase compared to the previous year[65]. - Research and development investments increased by 20%, focusing on new digital publishing technologies[168]. - The company is investing $200 million in research and development for new technologies aimed at enhancing user experience[165]. Environmental Responsibility - The company’s subsidiary, Jiangsu Phoenix Xinhua Printing Co., Ltd., was recognized as a key pollutant discharge unit by environmental authorities[141]. - The company achieved compliance with wastewater discharge standards, with key indicators such as COD at 24.5 mg/L and BOD at 55.8 mg/L[141]. - The company has implemented an emergency response plan to effectively manage and mitigate potential environmental pollution incidents[144]. - The company has established a self-monitoring scheme for environmental emissions, adhering to national standards and guidelines[144]. - The company plans to reduce overall wastewater emissions by over 50% compared to 2017 through enhanced environmental awareness and investment in environmental technology[144]. Corporate Governance - The company emphasizes transparency and timely information disclosure to ensure equal access for all shareholders[184]. - The audit committee actively monitored the preparation of the company's financial reports and ensured the objectivity and fairness of the reports[187]. - The company has established a performance evaluation and incentive mechanism for senior management, linking compensation to individual performance and company results[193]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2017[195]. - The company has not provided guarantees for the controlling shareholder or its affiliates, ensuring independence in operations and financial matters[191]. Social Responsibility - The company invested 450,000 RMB in poverty alleviation efforts, focusing on road construction and solar streetlight installation in seven village groups[134]. - The company’s poverty alleviation program has identified 206 low-income households out of 773 total households in the village[134]. - The company plans to continue its poverty alleviation efforts in 2018, maintaining or exceeding previous funding levels[139]. - The company coordinated 33,000 RMB in funding for the reconstruction of a low-income household's unsafe dwelling, improving living conditions for a family of five[135]. Strategic Initiatives - The company is exploring acquisition opportunities to enhance its market position, particularly in the software sector[165]. - A new strategic partnership was announced, expected to generate an additional $50 million in revenue over the next year[165]. - The company is set to release a new educational app aimed at K-12 students, targeting a market size of 500 million RMB[168]. - The management team emphasized the importance of digital transformation, with plans to allocate 30% of the budget towards digital initiatives[168].

Financial Performance - Operating revenue for the first nine months reached CNY 7,364,930,226.53, a growth of 7.62% year-on-year[6] - Net profit attributable to shareholders was CNY 873,248,265.54, reflecting a 2.64% increase from the previous year[6] - The net profit excluding non-recurring gains and losses was CNY 724,796,394.18, a decrease of 1.58% year-on-year[6] - The company's net profit for the first nine months of 2017 was ¥7,364,930,226.53, compared to ¥6,843,536,524.99 in the same period last year, representing an increase of approximately 7.6%[24] - The company reported a net profit of CNY 447,304,130.20 for Q3 2017, compared to CNY 53,280,486.84 in the previous quarter, reflecting strong performance[28] Earnings and Shareholder Information - Basic earnings per share increased by 2.63% to CNY 0.3431[6] - The total number of shareholders reached 69,443 by the end of the reporting period[9] - The net profit attributable to the parent company was CNY 91,507,939.06 for Q3 2017, down from CNY 105,684,629.42 in Q3 2016, resulting in a basic earnings per share of CNY 0.0360[26] - The basic earnings per share for Q3 2017 was CNY 0.1758, an increase from CNY 0.0209 in the previous quarter[29] Assets and Liabilities - Total assets increased by 8.07% to CNY 20,877,704,499.78 compared to the end of the previous year[6] - Total liabilities increased to ¥8,045,462,836.72 from ¥6,983,725,575.20, reflecting a significant rise in financial obligations[19] - The company's total assets as of Q3 2017 amounted to ¥19,417,965,724.33, up from ¥17,630,317,968.46 in the previous year, indicating a growth of approximately 10.1%[22] - Total liabilities increased to ¥9,731,983,138.99 from ¥8,183,600,355.25, reflecting a growth of about 18.9%[22] Cash Flow and Investments - The net cash flow from operating activities was CNY 991,057,037.04, showing a slight decrease of 0.99% compared to the same period last year[6] - Cash inflow from investment activities totaled ¥3,841,884,920.89, up significantly from ¥2,561,521,203.56 in the previous year[31] - Net cash flow from investment activities improved to ¥279,183,658.85, compared to a loss of ¥1,577,698,901.94 in the same period last year[31] - Cash and cash equivalents at the end of the period amounted to ¥4,406,910,196.47, an increase from ¥3,396,965,177.62 at the end of the previous year[31] Operating Costs and Expenses - Total operating costs for Q3 2017 were ¥1,998,661,997.91, compared to ¥1,826,153,139.01 in Q3 2016, reflecting an increase of about 9.4%[24] - The operating costs for the first nine months of 2017 were CNY 2,658,828,234.75, compared to CNY 2,473,327,538.13 in the previous year, indicating a rise in costs[27] - The company's sales expenses for the first nine months of 2017 were ¥1,018,799,325.37, slightly up from ¥1,000,741,685.85 in the same period last year, indicating a growth of about 1.8%[24] Other Financial Metrics - The weighted average return on equity decreased by 0.42 percentage points to 7.24%[6] - Interest receivable increased by 36.56% to ¥38,484,239.49 from ¥28,180,339.05 as the company accrued more deposit interest[12] - Other comprehensive income decreased by 36.72% to ¥20,545,256.79 from ¥32,466,040.50, impacted by foreign currency translation differences and changes in fair value of available-for-sale financial assets[12] - The company reported a financial expense of -¥17,006,465.56 in Q3 2017, compared to -¥7,319,814.49 in Q3 2016, reflecting an increase in financial costs[24]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 5,330,198,516.51, representing a 6.75% increase compared to CNY 4,993,219,899.92 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 781,740,326.48, up 4.91% from CNY 745,123,007.24 in the previous year[18]. - Basic earnings per share for the first half of 2017 were CNY 0.3072, a 4.92% increase from CNY 0.2928 in the same period last year[19]. - The company achieved a revenue of 5.33 billion yuan in the first half of the year, representing a year-on-year growth of 6.75%, and a net profit attributable to shareholders of 781 million yuan, up 4.91% year-on-year[32]. - The total profit for the current period was ¥813,577,353.78, an increase of 4.06% from ¥780,774,053.85 in the previous period[80]. - The company reported a significant increase in cash and cash equivalents, with a total of 500 million RMB as of the reporting date[121]. Assets and Liabilities - The total assets of the company reached CNY 20,182,317,852.83, reflecting a 4.47% increase from CNY 19,318,147,329.52 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased to CNY 12,407,012,456.41, a growth of 6.77% from CNY 11,620,059,882.61 at the end of the previous year[18]. - Total liabilities rose to CNY 7.06 billion, compared to CNY 6.98 billion, reflecting an increase of 1.16%[73]. - The company's inventory decreased by 15.83% to CNY 1,904,546,699.53 from CNY 2,262,731,242.36 year-on-year[42]. - The total amount of external equity investment during the reporting period was CNY 22,882,700, a decrease of 96.50% compared to the previous year[44]. Cash Flow - Net cash flow from operating activities increased by 26.60% to CNY 1,251,461,284.70, up from CNY 988,539,764.32 in the previous year[41]. - The company reported a significant reduction in cash outflow from investment activities, with a net cash flow of CNY 188,506,858.53, a turnaround of 114.21% from a negative CNY 1,326,877,079.64 last year[40]. - The total cash inflow from investment activities was CNY 2,624,366,044.45, compared to CNY 1,761,854,910.82 in the previous year, indicating a year-over-year increase of about 49%[86]. - The total cash outflow from financing activities was CNY 91,207,710.97, a decrease from CNY 349,339,637.13 in the same period last year, reflecting a reduction of about 74%[88]. Market Position and Business Segments - The company ranks among the top in the domestic publishing group for its main business segments, including educational publishing, general book publishing, and book distribution[21]. - The company maintains a market share of 3.32% in the overall book retail market, ranking third nationally, with a second-place ranking in physical store channels[27]. - The digital publishing sector saw a revenue of CNY 5,720.85 billion, growing by 29.91% and contributing 60.2% to the overall industry revenue growth[24]. - The education publishing segment saw a total textbook usage increase of 1.43 million copies year-on-year, with the company signing a framework agreement to代理统编义务教育教材 in Jiangsu province[34]. Strategic Initiatives - The company has formed a strategic partnership with the provincial education department to promote educational informationization through cooperation in teaching resources and big data services[29]. - The company is actively transforming its traditional business model to integrate new media and emerging industries, including cloud computing and cultural consumption complexes[30]. - The company has established a distribution network with 1,017 outlets, including 630 self-owned outlets, covering a total area of 929,600 square meters[28]. - The company has successfully introduced Asia's first POD monochrome digital printing line system, enhancing its printing capabilities[30]. Risks and Challenges - The company is facing risks from rising paper costs due to raw material price increases and is focusing on centralized procurement to mitigate these impacts[48]. - The company is closely monitoring book pricing and print strategies to cover the rising costs associated with paper price increases[48]. Corporate Governance and Compliance - The company did not report any non-operating fund occupation by controlling shareholders or related parties[6]. - There were no violations of decision-making procedures regarding external guarantees[6]. - The company has maintained a good integrity status during the reporting period, with no significant debts or unfulfilled contracts reported[55]. - The company continues to employ Tianheng Accounting Firm for its 2017 audit, as approved in the 2016 annual general meeting[53]. Taxation and Exemptions - The company is exempt from value-added tax (VAT) for book wholesale and retail from January 1, 2013, to December 31, 2017, and implements a 100% VAT refund policy for specific publications[179]. - The corporate income tax rate is generally 25%, with specific subsidiaries having different rates, such as 16.5% for Phoenix International Publications, Inc.[177]. - The company has maintained a consistent tax exemption status across all listed subsidiaries for the reported years[182][184]. Accounting Policies - The financial statements have been prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[101]. - The company employs specific accounting policies for revenue recognition, accounts receivable bad debt provision, inventory, fixed assets, and investment property depreciation[108]. - The company recognizes direct costs related to business combinations, such as audit and legal fees, in the current period's profit and loss[109].

Financial Performance - The company's operating revenue for 2016 was CNY 10,546,505,808.61, representing a year-on-year increase of 4.98% compared to CNY 10,045,840,076.86 in 2015[20] - The net profit attributable to shareholders of the listed company was CNY 1,169,799,225.94, an increase of 4.07% from CNY 1,124,095,662.42 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 927,938,688.18, showing a slight decrease of 0.59% from CNY 933,468,008.32 in 2015[20] - The net cash flow from operating activities was CNY 1,904,077,866.23, up by 1.39% from CNY 1,878,032,920.60 in the previous year[20] - Basic earnings per share for 2016 was CNY 0.4597, an increase of 4.07% compared to CNY 0.4417 in 2015[22] - The net profit attributable to shareholders for Q4 2016 was CNY 318,991,589.28, while the total revenue for the same quarter was CNY 3,702,969,283.62[23] - The company reported a net cash flow from operating activities of CNY 903,088,029.73 in Q4 2016, showing strong cash generation capabilities[23] Assets and Liabilities - The total assets at the end of 2016 were CNY 19,318,147,329.52, reflecting a growth of 7.84% compared to CNY 17,914,451,150.85 at the end of 2015[21] - The net assets attributable to shareholders of the listed company increased to CNY 11,620,059,882.61, an increase of 8.84% from CNY 10,676,354,338.13 in 2015[21] - Cash and cash equivalents decreased by 19.05% to CNY 3,611,979,488.28, accounting for 18.70% of total assets[71] - Accounts receivable decreased by 4.76% to CNY 806,244,132.09, representing 4.17% of total assets[71] - Inventory remained stable with a slight increase of 0.05% to CNY 2,262,731,242.36, making up 11.71% of total assets[71] - Long-term equity investments surged by 186.40% to CNY 766,489,515.03, now accounting for 3.97% of total assets[71] - Fixed assets increased by 17.04% to CNY 3,834,378,051.97, representing 19.85% of total assets[71] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.15 per share, totaling CNY 381,735,000.00 based on a total share capital of 2,544,900,000 shares as of December 31, 2016[4] - The profit distribution policy mandates a minimum cash dividend of 10% of the distributable profit each year[117] - For the year 2016, the company distributed a cash dividend of 0.15 RMB per share, amounting to 381,735,000 RMB, representing 32.63% of the net profit attributable to shareholders[119] - The profit distribution for 2014 was 0.20 RMB per share, totaling 508,980,000 RMB, which was 42.22% of the net profit attributable to shareholders[119] Business Operations and Market Position - The company is actively expanding into new sectors such as smart education, film, vocational education, cloud computing, big data, and gaming[29] - The company operates nine publishing units, focusing on various educational materials, with five units involved in K-12 textbook publishing[30] - The company is the only entity in Jiangsu and Hainan provinces with the qualification to distribute educational materials, enhancing its market position[30] - The company’s educational products have a total of 24 types of textbooks, covering over 40 million students across 28 provinces, maintaining the second-highest market share in the country[35] - The company’s retail market share in the overall book market is 3.33%, ranking third nationally, with significant performance in various categories such as lifestyle and biography[35] Strategic Initiatives and Future Plans - The company aims to enhance its production system to cover all categories and maintain its position as the third in the comprehensive ranking of the market[96] - The company plans to focus on key publishing projects and aims to participate in national-level publishing projects, with a target of not less than the total number of projects from the previous five-year plan[97] - The company aims to achieve a digital publishing revenue of 1.2 billion yuan for the year, focusing on digital transformation and key projects[100] - The company plans to establish a joint venture for smart education, targeting business goals as outlined in the business plan, with an emphasis on digital textbooks and intelligent learning systems[101] - The company is actively pursuing the production of multiple television dramas and films, with specific projects aiming for significant box office performance[105] Corporate Governance and Compliance - The company has maintained a good integrity status during the reporting period, with no significant legal or contractual issues reported[125] - The company has engaged Tianheng Accounting Firm for auditing services, with a remuneration of 2,450,000 RMB for a three-year term[124] - The company has not reported any significant changes in its major contracts or leasing arrangements[128] - The company has established an independent director system to maintain the rights of shareholders and ensure objective decision-making[182] - The company has implemented a performance assessment system for determining the remuneration of senior management based on their performance[177] Social Responsibility and Community Engagement - The company has engaged in targeted poverty alleviation efforts, focusing on the Li Bu village, which has 206 low-income households, with an average age of over 60 years[137] - A total of CNY 54.4 million was invested in poverty alleviation initiatives, including CNY 45 million in funds and CNY 9.4 million in material discounts[141] - The company emphasizes the importance of increasing collective income as the core task of its poverty alleviation efforts[137] - The company actively promotes the establishment of a vibrant self-governance mechanism in the village, enhancing transparency and fairness in village affairs[137] Research and Development - Research and development expenses decreased by 34.30% to 68.68 million RMB[56] - The total R&D investment for the year was ¥68,675,516.54, which is 0.65% of total operating revenue[67] - Investment in new technology development reached 100 million RMB, focusing on enhancing digital publishing capabilities and improving user experience[162] - Research and development investments have increased by 30%, focusing on innovative digital publishing technologies[166]

江苏凤凰出版传媒股份有限公司 2017 年第一季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 6 | 江苏凤凰出版传媒股份有限公司 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 公司代码：601928 公司简称：凤凰传媒 江苏凤凰出版传媒股份有限公司 601928 2017 年第一季度报告 1 / 16 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末 | | | --- | --- | --- | --- | --- | | | | | 增减(%) | | | 总资产 | 19,546,959,841.21 | 19,318,147,329.52 | | 1.18 | | 归属于上市公司股 | 11,919,539,717.35 | 11,620,059,882.61 | | 2.58 | | 东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生 ...

Financial Performance - Net profit attributable to shareholders rose by 8.00% to CNY 850.81 million year-to-date[6] - Basic earnings per share improved by 7.98% to CNY 0.33 per share[6] - The company's net profit for the year is projected to show significant changes compared to the previous year, with specific reasons to be detailed in future reports[13] - Net profit for the first nine months of 2016 was ¥895,626,003.22, an increase of 9.6% from ¥817,269,436.30 in the same period last year[25] - The net profit attributable to the parent company for Q3 2016 was ¥105,684,629.42, a decrease of 20.1% from ¥132,158,341.58 in Q3 2015[26] - The total profit for the first nine months of 2016 was ¥293,240,916.84, down 68.2% from ¥920,419,570.20 in the previous year[30] Revenue and Costs - Revenue for the first nine months decreased slightly by 0.82% to CNY 6.84 billion compared to the same period last year[6] - Total revenue for Q3 2016 was ¥1,850,316,625.07, a decrease of 7.6% compared to ¥2,003,267,829.50 in Q3 2015[24] - Year-to-date revenue for the first nine months of 2016 reached ¥6,843,536,524.99, slightly down from ¥6,899,846,608.00 in the same period last year, representing a decline of 0.8%[24] - Total operating costs for Q3 2016 were ¥1,826,153,139.01, down 5.1% from ¥1,924,023,436.06 in Q3 2015[24] Assets and Liabilities - Total assets increased by 6.82% to CNY 19.14 billion compared to the end of the previous year[6] - The total assets as of September 30, 2016, amounted to RMB 19,136,839,547.00, up from RMB 17,914,451,150.85 at the beginning of the year[19] - The total liabilities increased to RMB 7,180,765,681.42 from RMB 6,569,282,722.85, indicating a rise in financial obligations[19] - Total liabilities increased to ¥7,908,822,205.39 from ¥6,752,370,871.44, marking a rise of 17.1%[22] - Current assets totaled ¥8,040,903,639.33, an increase of 4.7% from ¥7,680,366,973.31 at the start of the year[21] Cash Flow - Operating cash flow increased significantly by 82.71% to CNY 1.00 billion for the first nine months[6] - The net cash flow from operating activities increased to ¥1,000,989,836.50, up from ¥547,852,657.49 in the same period last year, representing an increase of approximately 82.5%[34] - Cash received from the sale of goods and services reached ¥7,333,895,234.52, compared to ¥7,141,349,796.40 in the previous year, indicating a growth of about 2.7%[34] - The total cash inflow from operating activities was ¥7,525,871,173.51, while cash outflow was ¥6,524,881,337.01, resulting in a net cash flow of ¥1,000,989,836.50[34] Investments - Long-term equity investments surged by 189.71% to RMB 775,341,360.71, reflecting increased investments in joint ventures and other external investments[13] - Development expenditures increased by 863.27% to RMB 10,032,321.55, reflecting a substantial rise in investment in development activities by subsidiaries[14] - Cash inflow from investment activities totaled ¥2,561,521,203.56, up from ¥1,477,893,619.06 year-over-year, marking an increase of approximately 73.3%[35] - The company paid ¥4,139,220,105.50 in total for investment activities, which is a substantial increase from ¥1,854,831,073.04 in the previous year[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,407[11] - The largest shareholder, Jiangsu Phoenix Publishing & Media Group Co., Ltd., holds 72.80% of the shares[11] Other Financial Metrics - The weighted average return on equity increased by 0.12 percentage points to 7.66%[6] - The company reported a total of CNY 24.38 million in non-recurring gains for the current period[8] - Non-operating income from government subsidies reached CNY 71.31 million year-to-date[8] - Financial expenses decreased by 50.34% to -RMB 32,470,665.31, primarily due to reduced interest income[15] - The company reported a financial expense of ¥1,189,913.17 in Q3 2016, compared to a financial income of ¥12,947,388.82 in Q3 2015[30]

Financial Performance - The company's operating revenue for the first half of 2016 was approximately CNY 4.99 billion, representing a 1.97% increase compared to the same period last year[19]. - The net profit attributable to shareholders for the first half of 2016 was approximately CNY 745.12 million, an increase of 13.65% year-on-year[19]. - The net cash flow from operating activities increased by 56.85% to approximately CNY 988.54 million compared to the same period last year[19]. - The total assets at the end of the reporting period were approximately CNY 18.13 billion, a 1.18% increase from the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 11.41 billion, reflecting a 6.87% increase from the end of the previous year[19]. - The basic earnings per share for the first half of 2016 was CNY 0.2928, up 13.66% from CNY 0.2576 in the same period last year[21]. - The weighted average return on equity increased to 6.74%, up 0.43 percentage points from the previous year[21]. - The company achieved a sales revenue of CNY 4.99 billion, representing a year-on-year growth of 1.97%[33]. - The net profit for the period was CNY 745 million, an increase of 13.65% compared to the previous year[26]. - The operating cash flow net amount increased by 56.85% to CNY 988.54 million, primarily due to higher cash received from sales[34]. Investments and Projects - The company made total equity investments of CNY 65,348,000, representing a year-on-year increase of 94.84%[42]. - The progress of the large bookstore project was at 75.7%, with actual investment of CNY 740,396,000 against a planned investment of CNY 977,120,000[45]. - The Nanjing Phoenix Bookstore project had a progress of 96.4%, with actual investment of CNY 283,432,000 against a planned investment of CNY 293,870,000[45]. - The Yangzhou Phoenix Bookstore project was only 1.4% complete, with actual investment of CNY 2,267,500 against a planned investment of CNY 162,420,000[45]. - The Zhenjiang Phoenix Bookstore project had a completion rate of 99.9%, with actual investment of CNY 2,294,700 against a planned investment of CNY 2,295,000[45]. - The company has made adjustments to project locations due to government planning changes, affecting the Zhenjiang project[45]. - The company has received approval from the shareholders' meeting for the adjustments made to the Zhenjiang project location[45]. - The company reported a total investment of 47,027.20 million CNY for the new Zhenjiang Phoenix Cultural Square project, with 14,416.50 million CNY sourced from the original fundraising for the Zhenjiang Phoenix Book City project[49]. - The company has adjusted the construction plan for the New Port Logistics Center Phase II, effectively reducing land costs and improving investment efficiency, leading to a delay in the construction schedule[46]. - The company has optimized the implementation plan for various projects due to changes in market conditions, resulting in a gradual reduction of project investments[46]. Subsidiary Performance - The company reported total assets of CNY 1.39 billion and net assets of CNY 1.11 billion for Jiangsu Phoenix Education Publishing Co., Ltd.[57]. - The company’s subsidiary, Jiangsu Yilin Publishing Co., Ltd., reported operating income of CNY 200.45 million and net profit of CNY 47.83 million[57]. - Xiamen Phoenix Chuangyi Software Co., Ltd. reported a net loss of CNY 9.99 million, indicating challenges in profitability[57]. - Total revenue for Jiangsu Phoenix Publishing and Media Co., Ltd. reached approximately ¥1.1 billion, with a net profit of around ¥254 million for the first half of 2016[60]. - Jiangsu Phoenix Education Development Co., Ltd. reported revenue of ¥223.6 million and a net profit of ¥94.7 million, reflecting strong performance in the education sector[60]. - Jiangsu Phoenix Science and Technology Publishing Co., Ltd. achieved a net profit of approximately ¥123.5 million, indicating a solid growth trajectory[60]. Corporate Governance - The company received the "Best Board" award in the investor relations evaluation, highlighting its governance improvements[26]. - The company has established a governance structure that includes a board of directors, supervisory board, and senior management, with various specialized committees to assist in governance[71]. - The company has committed to improving corporate governance and protecting the interests of minority investors[71]. - The company has not reported any penalties or rectifications for its directors, supervisors, or senior management during the reporting period[71]. - The company has established a plan to ensure compliance with the commitments made by its controlling shareholders[68]. Financial Health - The company's current liabilities decreased from RMB 5,310,250,919.60 to RMB 4,888,022,648.66 during the reporting period[86]. - The company's long-term investments increased significantly from RMB 267,628,950.52 to RMB 780,094,587.14, indicating a strategic focus on long-term growth[86]. - The total liabilities of the company decreased from RMB 6,569,282,722.85 to RMB 6,027,240,100.66, indicating improved financial health[86]. - The company’s inventory decreased from RMB 2,261,676,154.06 to RMB 1,876,289,537.05, suggesting better inventory management[85]. - The company reported a significant increase in accounts receivable, which rose to RMB 877,981,958.99 from RMB 846,519,536.40[85]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance its competitive edge[41]. - Future outlook remains positive with ongoing investments in new product development and market expansion strategies[60]. - The company believes it can continue its operations for at least 12 months from the approval date of the financial statements, indicating a stable outlook[120]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements accurately reflect its financial position and operating results[122]. - The company has specific accounting policies for revenue recognition, accounts receivable, inventory, fixed assets, and investment properties, tailored to its operational characteristics[121]. - The company recognizes impairment losses for available-for-sale financial assets when there is a significant or prolonged decline in fair value, defined as a drop exceeding 50% or lasting over 12 months[139]. - The company uses the aging analysis method to provision for bad debts for accounts receivable, with a provision rate of 10% for accounts within 1 year, 20% for 1-2 years, 50% for 2-3 years, and 80% for over 3 years[143]. - The company recognizes employee benefits and social insurance contributions based on actual amounts incurred during the accounting period[174].