北方联合出版传媒（集团）股份有限公司 2021 年第三季度报告 证券代码：601999 证券简称：出版传媒 北方联合出版传媒（集团）股份有限公司 2021 年第三季度报告 （补充版） 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别 和连带的法律责任。 公司负责人杨建军、主管会计工作负责人陈闯及会计机构负责人（会计主 管人员）丁元新保证季度报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 单位：元币种：人民币 | 项目 | 本报告期 | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥909,554,035.53, representing a year-on-year increase of 38.57%[4] - The net profit attributable to shareholders was ¥75,792,295.92, showing a decrease of 31.79% compared to the same period last year[4] - The net profit excluding non-recurring gains and losses increased significantly by 268.64% to ¥67,435,478.77, attributed to enhanced market expansion efforts and improved operating conditions[9] - The company reported a basic earnings per share of ¥0.14, a decrease of 6.41% from the previous year[5] - Net profit for the first three quarters of 2021 was ¥88,237,811.46, a decrease of 25.7% compared to ¥118,727,090.60 in 2020[19] - Basic earnings per share for the first three quarters of 2021 was ¥0.17, down from ¥0.22 in the same period of 2020[19] Cash Flow and Liquidity - The net cash flow from operating activities was reported at -¥108,426,253.09, reflecting a year-on-year increase of 58.84%[5] - Cash flow from operating activities showed a net outflow of ¥108,426,253.09, an improvement from a net outflow of ¥263,421,663.30 in the previous year[22] - Cash and cash equivalents at the end of the period totaled ¥746,189,528.93, compared to ¥330,263,364.80 at the end of the same period in 2020[23] - The company maintained a cash position of RMB 938,397,649.95, ensuring liquidity for operations[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,510,081,379.89, an increase of 17.46% from the end of the previous year[5] - The total liabilities increased to RMB 2,058,812,489.79, compared to RMB 1,436,124,657.75, marking a rise of 43.4%[16] - The company's total equity stood at RMB 2,451,268,890.10, which is an increase from RMB 2,403,398,810.80, indicating a growth of 2.0%[16] - Total assets increased from RMB 3,839,523,468.55 to RMB 4,098,265,369.61, reflecting an increase of RMB 258,741,901.06[28] - Total liabilities rose from RMB 1,436,124,657.75 to RMB 1,694,866,558.81, an increase of RMB 258,741,901.06[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,557[11] - The total equity attributable to shareholders was RMB 2,367,393,621.46[28] Market Strategy and Future Plans - The company plans to continue its market expansion efforts and improve operational efficiency in the upcoming quarters[9] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products and technologies were not detailed in the report[17] Operating Costs and Expenses - Total operating costs increased to ¥1,979,830,078.81, up 21.7% from ¥1,625,851,092.39 year-over-year[18] - Research and development expenses increased to ¥3,034,669.73, up from ¥2,793,520.28 in the previous year[18] Other Income and Investments - The company reported a total of ¥25,616,291.67 in other income, down from ¥39,548,458.08 in the previous year[18] - The company’s investment income for the first three quarters was ¥4,504,741.82, compared to ¥1,065,356.15 in the same period of 2020[18] - The company experienced a foreign exchange gain of ¥135,657.36 during the reporting period[23]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 1.14 billion, representing a year-on-year increase of 19.89% compared to RMB 950.56 million in the same period last year [25]. - The net profit attributable to shareholders of the listed company reached RMB 15.82 million, a significant increase of 111.19% from RMB 7.49 million in the previous year [25]. - Basic earnings per share for the first half of 2021 were RMB 0.03, a 200% increase compared to RMB 0.01 in the same period last year [26]. - The net profit after deducting non-recurring gains and losses was RMB 902,035.69, compared to a loss of RMB 19.77 million in the same period last year [25]. - The total comprehensive income for the first half of 2021 was RMB 12,978,972.47, up from RMB 7,907,662.29 in the same period of 2020 [104]. Assets and Liabilities - The total assets of the company increased by 8.94% to RMB 4.18 billion from RMB 3.84 billion at the end of the previous year [25]. - The net asset attributable to shareholders of the listed company at the end of the reporting period was RMB 2.38 billion, showing a slight increase of 0.69% from RMB 2.37 billion at the end of the previous year [25]. - Total liabilities rose to CNY 1,765,299,956.45, compared to CNY 1,436,124,657.75, indicating an increase of about 23% [97]. - Total current assets as of June 30, 2021, amount to ¥2,456,069,168.53, an increase from ¥2,365,590,393.35 at the end of 2020 [95]. Cash Flow - The company reported a net cash flow from operating activities of approximately -RMB 195.81 million, compared to -RMB 212.75 million in the same period last year [25]. - The net cash flow from operating activities for the first half of 2021 was -195,812,447.72 RMB, an improvement from -212,748,772.70 RMB in the same period of 2020 [110]. - Total cash inflow from operating activities was 989,446,421.21 RMB, compared to 740,597,128.74 RMB in the first half of 2020, representing an increase of approximately 33.6% [109]. Revenue Breakdown - The publishing business revenue was RMB 429.448 million, a year-on-year growth of 1.11% [36]. - The distribution business revenue reached RMB 303.1345 million, growing by 20.86% year-on-year [36]. - Revenue from material sales was RMB 423.5547 million, reflecting a significant increase of 47.94% year-on-year [36]. - The printing business generated RMB 132.1692 million in revenue, up by 3.96% year-on-year [36]. Investments and R&D - The company achieved a significant increase in investment income, which rose by 590.82% to ¥6,979,960.04 from ¥1,010,384.25 [44]. - The company reported a 12.44% increase in R&D expenses, totaling ¥2,497,566.20 compared to ¥2,221,184.57 in the previous year [44]. - The company has actively pursued digital transformation, with the "Hui Gu Reading" platform surpassing 270,000 followers, reflecting strong user engagement [41]. Market Presence and Strategy - The company plans to continue expanding its market presence and enhancing its core competitiveness through innovation and strategic investments [36]. - The overall book retail market in China saw a positive growth rate of 11.45% in the first half of 2021 [31]. - The company has established "Shengwen University Alliance Campus Bookstores" across 14 universities in the province, enhancing its market presence [40]. Shareholder Information - Total number of common shareholders as of the end of the reporting period is 32,474 [84]. - The largest shareholder, Liaoning Publishing Group Co., Ltd., holds 372,000,000 shares, representing 67.52% of total shares [87]. - The second largest shareholder, Central Huijin Asset Management Co., Ltd., holds 9,934,200 shares, representing 1.80% of total shares [87]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period [64]. - The company has not reported any major litigation or arbitration matters during the reporting period [71]. - The company has established a robust party organization in Gao Li Tun Village to enhance grassroots governance and community engagement [67]. Environmental and Social Responsibility - The company has successfully implemented green printing practices, with all printing enterprises certified by China's environmental label product certification [67]. - The company continues to support the economic development of Gao Li Tun Village, focusing on enhancing the quality of life and promoting agricultural modernization [66]. - The company emphasizes energy conservation and green office practices, advocating for paperless operations and resource-saving measures [65].

北方联合出版传媒（集团）股份有限公司 2021 年第一季度报告 公司代码：601999 公司简称：出版传媒 北方联合出版传媒（集团）股份有限公司 2021 年第一季度报告 1 / 25 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 北方联合出版传媒（集团）股份有限公司 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内 容的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并 承担个别和连带的法律责任。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 和 | 独立董事 | 工作原因 | 史东辉 | 1.3 公司负责人杨建军、主管会计工作负责人陈闯及会计机构负责人（会 计主管人员）丁元新保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1主要 ...

Financial Performance - The company's operating revenue for 2020 was CNY 2,541,948,466.91, a decrease of 6.22% compared to CNY 2,710,639,546.19 in 2019[23] - The net profit attributable to shareholders of the listed company was CNY 152,712,660.34, an increase of 2.98% from CNY 148,286,660.15 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY -20,841,008.15, a decline of 130.93% compared to CNY 67,371,845.70 in 2019[23] - The cash flow from operating activities was CNY 146,748,441.22, down 17.06% from CNY 176,940,358.60 in the previous year[23] - Basic earnings per share for 2020 was CNY 0.28, a 3.7% increase compared to CNY 0.27 in 2019[25] - The company reported a decrease in net profit after deducting non-recurring gains and losses, primarily due to the impact of COVID-19, leading to a decline in total revenue and increased operating expenses[25] - Non-recurring gains for 2020 amounted to CNY 173.55 million, compared to CNY 80.91 million in 2019[29] - The cash flow from operating activities in Q4 2020 was CNY 410.17 million, indicating a strong recovery in cash generation[28] Assets and Liabilities - The total assets at the end of 2020 were CNY 3,839,523,468.55, an increase of 4.11% from CNY 3,688,051,681.56 at the end of 2019[24] - The total liabilities increased to RMB 1,436,124,657.75 in 2020 from RMB 1,401,544,112.72 in 2019, representing a rise of about 2.5%[194] - The total equity attributable to shareholders rose to RMB 2,367,393,621.46 in 2020, compared to RMB 2,260,617,243.54 in 2019, indicating an increase of approximately 4.7%[195] - Cash and cash equivalents significantly increased to RMB 938,397,649.95 in 2020 from RMB 693,191,524.41 in 2019, marking a growth of around 35.4%[193] - The company's inventory increased to RMB 787,003,979.26 in 2020 from RMB 752,926,100.67 in 2019, reflecting a growth of about 4.5%[193] Revenue Breakdown - The total revenue from textbook publishing increased by 20.65% to CNY 1,420,090,000, with a gross margin of 18.18%[74] - General book publishing revenue decreased by 25.5% to CNY 796,763,000, with a gross margin of 20.23%[74] - The revenue from the textbook and auxiliary materials business increased by 5.06%, while the cost increased by 15.64%[57] - The company achieved operating revenue of CNY 2,541.95 million, a year-on-year decrease of 6.22%, with main business revenue at CNY 2,428.77 million, down 5.64%[48] Strategic Initiatives - The company is expanding into digital publishing and new media, reflecting a strategic shift towards integrated media services[34] - The company plans to enhance its market presence through new product development and strategic partnerships in the cultural and creative sectors[34] - The company is investing in upgrading its printing capabilities to focus on high-end and intelligent printing, thereby increasing product competitiveness[109] - The company is fostering new economic models and business formats, including the establishment of a copyright trading center and a digital literature port[111] Risk Management - The company has disclosed various industry and market risks in its report, emphasizing the importance of risk awareness for investors[9] - The company is enhancing its risk management framework to mitigate various operational risks, including those related to material price fluctuations and new technology integration[112] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.85 per 10 shares, totaling CNY 46,827,749.50[7] - The cash dividend payout ratio for 2020 is 30.66%, compared to 30.46% in 2019 and 34.17% in 2018[116] - The largest shareholder, Liaoning Publishing Group Co., Ltd., holds 372,000,000 shares, representing 67.52% of the total shares[146] Employee and Management Structure - The total number of employees in the company and its major subsidiaries is 2,334, with 176 in the parent company and 2,158 in major subsidiaries[165] - The company has a total of 503 production personnel, 630 sales personnel, 158 technical personnel, 122 financial personnel, 581 administrative personnel, and 340 editorial personnel[166] - The total remuneration paid to directors, supervisors, and senior management for the year 2020 amounted to 3.907 million yuan[163] Community Engagement and Social Responsibility - The company provided targeted poverty alleviation support, focusing on the economic income of impoverished households and addressing their specific difficulties[133] - A total of 41.1 million RMB was allocated for poverty alleviation efforts, with an additional 5 million RMB in material support, helping 321 registered impoverished individuals to escape poverty[137] - The company has established a diversified investment mechanism to enhance the effectiveness of poverty alleviation projects and attract social funding[135]

北方联合出版传媒（集团）股份有限公司 2020 年第三季度报告 1 / 27 北方联合出版传媒（集团）股份有限公司 2020 年第三季度报告 公司代码：601999 公司简称：出版传媒 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 北方联合出版传媒（集团）股份有限公司 2020 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内 容的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并 承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人杨建军、主管会计工作负责人陈闯及会计机构负责人（会 计主管人员）丁元新保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 公司主要会计数据和财务指标的说明： 3 / 27 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 3,982,87 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥950.56 million, a decrease of 21.79% compared to ¥1,215.46 million in the same period last year[24]. - The net profit attributable to shareholders of the listed company was approximately ¥7.49 million, down 86.08% from ¥53.83 million in the previous year[24]. - The basic earnings per share decreased by 90.00%, from ¥0.10 to ¥0.01[26]. - The weighted average return on net assets decreased by 2.1 percentage points, from 2.43% to 0.33%[26]. - The cash flow from operating activities showed a net outflow of approximately ¥212.75 million, compared to a net outflow of ¥176.53 million in the same period last year, representing a decrease of 20.52%[24]. - The total assets at the end of the reporting period were approximately ¥3.66 billion, a decrease of 0.88% from ¥3.69 billion at the end of the previous year[24]. - The net profit after deducting non-recurring gains and losses was approximately -¥19.77 million, compared to ¥29.54 million in the same period last year, reflecting a decrease of 166.93%[24]. - The company reported a significant decline in revenue and profit indicators due to the impact of the COVID-19 pandemic on its publishing and distribution businesses[26]. Business Operations - The company’s main business includes publishing, distribution, and printing of books, journals, and electronic audio-visual publications, forming a comprehensive media business structure[31]. - The company has expanded into cultural creativity and investment finance, establishing a cross-field, multi-medium, and full-chain development pattern[31]. - The company’s publishing business includes 11 subsidiaries focusing on educational materials and general books, with a stable performance in textbook distribution[31]. - The company has seen a steady recovery in its publishing sector, with significant titles released during the pandemic, including "The Record of Anti-COVID-19 in Liaoning" and "The Giant's Contest"[38]. - The company’s printing and supply segments have improved due to increased book shipment volumes, with the printing company recognized for quality improvements and new contracts[40]. - The company has implemented digital transformation strategies and online marketing goals to enhance operational efficiency[37]. - The company has actively expanded external markets, leading to new revenue streams and cost reductions in the supply chain[40]. Government and Industry Support - The government continues to support the cultural industry, providing financial and policy assistance to promote development[34]. - The COVID-19 pandemic has accelerated the growth of the digital cultural industry, benefiting online education and digital reading sectors[34]. Cost Management and Efficiency - The company's operating costs decreased by 23.04% to ¥731.32 million from ¥950.21 million, indicating improved cost management[47]. - R&D expenses increased by 86.93% to ¥2.22 million, reflecting the company's commitment to innovation and development[47]. - The company is actively pursuing cost reduction and efficiency improvement strategies to enhance overall operational performance[68]. - The company has implemented measures to monitor raw material price fluctuations to protect profit margins[70]. Subsidiary Performance - The net profit of the subsidiary Liaoning Education Publishing House reached CNY 396.22 million, contributing significantly to the overall profit[66]. - The company faced significant declines in net profit for several subsidiaries due to the impact of COVID-19, with notable decreases for Minzu Publishing, Liaoning Youth Publishing, Liaoning Science and Technology Society, and Liaoning Meisheng Society[68]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥212.75 million, a decline of 20.52% compared to the previous year[47]. - Cash received from investment decreased by 86.81% to CNY 79,760,000.00, reflecting fewer redemptions and purchases of financial products[58]. - The total investment amount during the reporting period was CNY 17,200,000.00, a significant increase of 3995.24% compared to the previous year[61]. Poverty Alleviation Initiatives - The company is actively engaged in targeted poverty alleviation efforts, focusing on increasing the economic income of impoverished households[88]. - The company has implemented various measures to ensure effective poverty alleviation, including financial support and project coordination[89]. - The company has made significant progress in its poverty alleviation initiatives, with a focus on pandemic prevention and rural economic development[91]. - The company invested a total of 41.1 million RMB in poverty alleviation efforts, helping 321 registered impoverished individuals to escape poverty[92]. Shareholder Information - The company has a total of 35,105 common stock shareholders as of the end of the reporting period[100]. - The largest shareholder, Liaoning Publishing Group, holds 67.52% of the shares, totaling 372 million shares[101]. Accounting Policies and Financial Reporting - The company has made adjustments to its accounting policies effective January 1, 2020, in line with new accounting standards, with no significant impact on financial results[96]. - The financial statements are prepared based on the assumption of going concern, following the relevant accounting standards[143]. - The company’s financial reports comply with the requirements of the accounting standards, reflecting a true and complete picture of its financial status[145]. Future Outlook - The management provided a positive outlook for the next quarter, expecting a revenue growth of approximately 10%[132].

Financial Performance - Total revenue for the first quarter was CNY 495.53 million, a decrease of 22.86% compared to the same period last year[14]. - Net profit attributable to shareholders was a loss of CNY 16.19 million, representing a decline of 186.80% year-on-year[14]. - The main business revenue was CNY 482.97 million, down 21.64% year-on-year[14]. - Total operating revenue for Q1 2020 was ¥495,534,033.41, a decrease of 22.9% compared to ¥642,362,393.24 in Q1 2019[36]. - Net profit for Q1 2020 was a loss of ¥17,400,568.03, compared to a profit of ¥18,943,811.09 in Q1 2019[36]. - The company reported a basic and diluted earnings per share of -¥0.03 for Q1 2020, compared to ¥0.03 in Q1 2019[37]. - The company attributed the decline in revenue and profit primarily to the impact of the COVID-19 pandemic on its publishing, distribution, and printing operations[14]. Cash Flow and Liquidity - Operating cash flow for the period was a negative CNY 287.57 million, down 30.79% from the previous year[7]. - Cash received from sales and services fell by 54.63% to ¥130,911,318.05, impacted by operational disruptions from the pandemic[21]. - Net cash flow from operating activities decreased by 30.79% to -¥287,570,042.09 due to lower income and collections[21]. - The company recorded a cash inflow of CNY 130,911,318.05 from sales in Q1 2020, significantly lower than CNY 288,563,881.67 in Q1 2019, a decline of about 54%[42]. - The total cash inflow from operating activities was CNY 177,724,440.85 in Q1 2020, down from CNY 325,977,176.87 in Q1 2019, a decline of about 45%[42]. - The company experienced a net cash decrease of CNY -274,255,522.89 in Q1 2020, contrasting with a net increase of CNY 69,574,224.30 in Q1 2019[43]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3.66 billion, a decrease of 0.63% from the end of the previous year[7]. - Total assets amounted to CNY 3,688,051,681.56 as of Q1 2020, with current assets at CNY 2,119,462,657.42 and non-current assets at CNY 1,568,589,024.14[49]. - Total liabilities decreased to ¥1,396,346,364.13 from ¥1,401,544,112.72, indicating a stable financial position[28]. - Total liabilities rose to ¥956,264,695.67 in Q1 2020, compared to ¥919,551,514.29 in Q1 2019, indicating a 4.0% increase[31]. - The total liabilities to equity ratio stands at approximately 0.61, suggesting a moderate level of financial leverage[49]. Shareholder Equity - The net assets attributable to shareholders decreased by 0.75% to CNY 2.24 billion compared to the end of the previous year[7]. - Shareholders' equity reached CNY 2,286,507,568.84, with total equity attributable to the parent company at CNY 2,260,617,243.54[50]. - Owner's equity reached CNY 1,729,145,113.77, including paid-in capital of CNY 550,914,700.00 and retained earnings of CNY 461,105,743.92[54]. Operational Efficiency - The increase in accounts receivable by 77.06% to CNY 727.53 million was due to the delayed collection of spring textbook payments[17]. - The company's inventory increased to ¥43,268,109.89 in Q1 2020 from ¥29,388,752.78 in Q1 2019, reflecting a 47.1% rise[31]. - The cash outflow for purchasing goods and services was CNY 254,570,774.95 in Q1 2020, compared to CNY 334,659,731.79 in Q1 2019, reflecting a reduction of approximately 24%[42]. Other Financial Metrics - Financial expenses increased by 167.1% to -¥4,069,747.69 primarily due to increased deposit interest[19]. - Other income decreased by 41.06% to ¥6,386,150.09 as there were no demolition compensation gains this period[19]. - Investment income dropped by 92.99% to ¥116,825.20 due to reduced financial management income[19]. - Research and development expenses for Q1 2020 were ¥551,057.28, significantly higher than ¥68,286.49 in Q1 2019, indicating a focus on innovation[36].

Financial Performance - The company's operating revenue for 2019 was RMB 2,710,639,546.19, representing a 15.62% increase compared to RMB 2,344,363,705.39 in 2018[23] - The net profit attributable to shareholders of the listed company decreased by 16.57% to RMB 148,286,660.15 from RMB 177,729,899.00 in the previous year[23] - The net profit after deducting non-recurring gains and losses increased by 35.25% to RMB 67,371,845.70 compared to RMB 49,813,831.66 in 2018[23] - The net cash flow from operating activities improved significantly to RMB 176,940,358.60 from a negative RMB 97,192,189.63 in the previous year[23] - The total assets of the company increased by 9.71% to RMB 3,688,051,681.56 at the end of 2019, compared to RMB 3,361,671,542.13 at the end of 2018[23] - The net assets attributable to shareholders of the listed company rose by 3.31% to RMB 2,260,617,243.54 from RMB 2,188,277,086.24 in the previous year[23] - Basic earnings per share decreased by 15.63% to CNY 0.27 compared to CNY 0.32 in the previous year[25] - The weighted average return on equity decreased by 1.75 percentage points to 6.60% from 8.35% in the previous year[25] - The company reported a total revenue of 418,928,186.30 yuan, marking a 13.65% increase from the previous year[97] Dividend and Capital Management - The company plans to distribute a cash dividend of RMB 0.82 per 10 shares, totaling RMB 45,175,005.40, based on the net profit of the parent company[6] - The company does not plan to implement a capital reserve transfer to increase share capital for the 2019 fiscal year[6] - The company reported a cash dividend distribution plan for 2019, proposing a cash dividend of 0.82 RMB per 10 shares, totaling 45,175,005.40 RMB, which represents 30.46% of the net profit attributable to shareholders[140] Operational Improvements - Operating cash flow improved significantly, with a net cash flow of CNY 223,978,112.04 in Q4, up from negative CNY 219,695,853.90 in Q1[29] - The company expanded its business scale and improved collection efforts, leading to increased operating cash flow[26] - The company achieved operating revenue of CNY 271,064,000, representing a year-on-year growth of 15.62%[55] - The main business revenue reached CNY 257,385,000, with a year-on-year increase of 14.99%[55] Market and Business Expansion - The company is diversifying its business model, integrating traditional publishing with digital media and e-commerce[37] - The company expanded its international presence, with books reaching 14 countries including the UK and Romania[49] - The company is focusing on digital operations and has developed educational platforms like "Dingji Academy" to enhance K12 education services[51] - The company is actively developing new educational materials and has expanded its market share in the educational sector[51] - The company aims to expand into educational investment, services, evaluation, information technology, and equipment across the entire education industry chain[95] Research and Development - R&D expenses increased by 104.74% to CNY 8,176,540, reflecting a significant investment in technology upgrades[57] - The total R&D expenditure accounted for 0.30% of total revenue, with 48 R&D personnel, making up 2.02% of the total workforce[77] - The company invested CNY 8,176,540.69 in R&D, a 104.74% increase from the previous year, primarily for upgrading printing equipment[74] Awards and Recognition - The company received multiple awards, including the "Five One Project" award for "The Red of the Warring States" and a nomination for the 10th Mao Dun Literature Prize for "Finding Zhang Zhan"[48] - The company has been recognized as one of the top 30 cultural enterprises in China for three consecutive years[44] Risk Management - The company has identified various industry and market risks that may impact future performance, which are detailed in the management discussion and analysis section[8] - The company acknowledges potential risks such as selection risks in publishing and fluctuations in raw material prices, implementing measures to mitigate these risks[137] - The company faced significant operational risks due to the COVID-19 pandemic, leading to a noticeable decrease in foot traffic at physical bookstores, adversely affecting the publishing business[138] Corporate Governance - The company completed the election of the third board of directors and the third supervisory board on November 12, 2019, with Yang Jianjun elected as the chairman[197] - The company has a total of 10 independent directors and supervisors in the current board and supervisory board[197] - The company has implemented a performance evaluation system to assess the remuneration of directors and senior management annually[200] Social Responsibility and Community Engagement - The company is committed to targeted poverty alleviation, focusing on specific villages and households to improve their economic conditions[165] - The overall goal of the company's poverty alleviation efforts is to align with national targets to eliminate poverty by 2020, implementing effective measures to increase income for impoverished households[166] - The company provided financial support of 52 million RMB and material assistance worth 3 million RMB for poverty alleviation efforts, helping 321 registered impoverished individuals to escape poverty[170] - The company donated over 2,000 books to the community to promote education and cultural enrichment as part of its poverty alleviation strategy[168]

Financial Performance - Operating income for the first nine months reached CNY 1,940,677,668.36, a year-on-year increase of 12.88%[5] - Net profit attributable to shareholders decreased by 17.23% to CNY 100,409,247.95 compared to the same period last year[5] - The company achieved operating revenue of 194,067.77 million RMB, a year-on-year increase of 12.88%[13] - The main business revenue reached 188,383.21 million RMB, growing by 13.29% compared to the previous year[13] - The net profit attributable to shareholders was 10,040.92 million RMB, representing a decline of 17.23% year-on-year[13] - Total operating revenue for Q3 2019 reached ¥726,482,398.79, an increase of 10.4% compared to ¥658,116,864.65 in Q3 2018[29] - Net profit for Q3 2019 was ¥46,521,073.77, a decrease of 18% from ¥56,732,953.34 in Q3 2018[30] - Total profit for Q3 2019 was ¥46,605,227.00, a decrease of 18% compared to ¥56,849,291.04 in Q3 2018[30] - The company reported a profit margin of 6.4% in Q3 2019, down from 8.6% in Q3 2018[30] - The gross profit margin for the first three quarters of 2019 was approximately 25.5%, compared to 24.5% in the same period of 2018[35] Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in losses from CNY -316,366,111.54 to CNY -46,530,140.66, an improvement of 85.29%[5] - Cash flow from operating activities improved by 85.29%, resulting in a net cash flow of -46,530,140.66 RMB[17] - In the first three quarters of 2019, the cash inflow from operating activities was CNY 1,515,498,919.53, an increase of 20.7% compared to CNY 1,255,604,918.64 in the same period of 2018[39] - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 46,530,140.66, an improvement from -CNY 316,366,111.54 in the first three quarters of 2018[39] - The cash inflow from operating activities in Q3 2019 was CNY 2,313,845,990.69, up 34.0% from CNY 1,725,828,949.64 in Q3 2018[43] - The net cash flow from operating activities in Q3 2019 was -CNY 97,198,296.99, an improvement from -CNY 353,549,002.71 in Q3 2018[43] - The net increase in cash and cash equivalents for Q3 2019 was CNY 176,105,802.77, compared to a decrease of -CNY 143,398,318.65 in Q3 2018[43] Assets and Liabilities - Total assets increased by 13.02% to CNY 3,794,165,327.35 compared to the end of the previous year[5] - Total assets at the end of the period amounted to 379,416.53 million RMB, with a debt-to-asset ratio of 40.69%[13] - Total liabilities reached CNY 1,070,649,573.36, compared to CNY 805,828,569.16 in the previous year, indicating an increase of about 32.93%[26] - The company's total equity as of September 30, 2019, was CNY 1,743,692,026.35, up from CNY 1,719,526,570.89, reflecting a growth of approximately 1.41%[26] - Total current assets amounted to CNY 1,914,105,077.52 as of December 31, 2018[45] - Total non-current assets reached CNY 1,442,866,490.04, contributing to total assets of CNY 3,356,971,567.56[46] - Total liabilities were CNY 1,160,070,432.29, with current liabilities accounting for CNY 1,090,459,041.35[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,052[11] - The largest shareholder, Liaoning Publishing Group Co., Ltd., holds 67.52% of the shares[11] Research and Development - R&D expenses decreased significantly by 84.26% to 403,450.83 RMB due to reduced spending in the current period[15] - R&D expenses in Q3 2019 were ¥403,450.83, significantly lower than ¥1,275,187.61 in Q3 2018, indicating a reduction of 68.4%[29] - Research and development expenses were not specified in the report, indicating a potential area for future focus[35] Future Outlook - The company is currently in the cultivation period for new projects, which has led to increased expenses impacting profitability[6] - Future strategies may include market expansion and new product development, although specific details were not provided in the report[35]