股票代码：601999 股票简称：出版传媒 北方联合出版传媒（集团）股份有限公司 关于 2018 年度现场业绩说明会暨投资者 接待日活动纪要 时间：2019 年 4 月 25 日下午 15:00-16:30 地点：沈阳市和平区十一纬路 25 号辽宁出版大厦十二层会议室 参加人员：公司董事、总经理陈闯、副总经理、董事会秘书费宏 伟、副总会计师丁元新、部分投资者和证券媒体人士等 会议的主要内容： 一、公司 2018 年度经营情况 2018 年，公司精准对位新发展理念，紧紧围绕"十三五"战略 发展目标，凝心聚力、攻坚克难，聚焦全面转型，把握发展速度，提 高发展质量，实现公司持续快速发展，市场竞争力和社会影响力显著 增强。 公司实现营业收入 233,800 万元，同比增长 21.08%，其中主营 业务收入 223,495 万元，同比增长 20.27%；实现归属于上市公司股 东的净利润 17,732 万元，同比增长 10.09%。期末公司资产总额为 335,697 万元，资产负债率 34.56%。 二、公司 2019 年经营计划 2019 年，公司将按照"十三五"规划的总体部署，坚持稳中求 进工作总基调，坚持高质量发展 ...

股票代码：601999 股票简称：出版传媒 编号：临 2019-017 北方联合出版传媒（集团）股份有限公司 关于举行 2018 年度现场业绩说明会 暨投资者接待日活动预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2019 年 4 月 25 日下午 15：00-16：30 会议召开地点：沈阳市和平区十一纬路 25 号辽宁出版大厦 十二层会议室 会议召开方式：现场会议 一、说明会类型 北方联合出版传媒（集团）股份有限公司（以下简称"公司"） 于 2019 年 4 月 20 日披露《公司 2018 年年度报告》（具体内容详见上 海证券交易所网站 www.sse.com.cn）。为进一步提高公司治理水平， 加强投资者关系管理，增进公司与广大投资者之间的沟通与交流，公 司决定以现场方式召开 2018 年度现场业绩说明会暨投资者接待日活 动。 二、说明会召开的时间、地点 会议召开时间：2019 年 4 月 25 日下午 15：00-16：30 会议召开地点：沈阳市和平区十一纬路 25 号辽 ...

Financial Performance - Operating revenue for the period reached CNY 642,107,920.85, representing a year-on-year growth of 20.43%[7] - Net profit attributable to shareholders was CNY 18,710,470.81, a slight increase of 1.34% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 36.59% to CNY 7,752,705.46[8] - The company reported a basic earnings per share of CNY 0.03, unchanged from the previous year[8] - The net profit for Q1 2019 reached CNY 22,135,763.48, up 46.2% from CNY 15,146,026.96 in Q1 2018[36] - The total operating revenue for Q1 2019 was CNY 281,963,493.39, an increase of 29.4% compared to CNY 217,907,520.20 in Q1 2018[35] - Operating profit for Q1 2019 was CNY 19,068,480.43, slightly higher than CNY 17,946,661.91 in Q1 2018, indicating a growth of 6.2%[31] - The total comprehensive income for Q1 2019 was CNY 22,135,763.48, reflecting a significant increase from CNY 15,146,026.96 in Q1 2018[36] Assets and Liabilities - Total assets increased by 4.65% to CNY 3,512,983,760.30 compared to the end of the previous year[7] - The company’s total liabilities rose to CNY 1,296,888,746.96 from CNY 1,160,070,432.29, reflecting increased operational commitments[24] - Total current assets as of March 31, 2019, amounted to CNY 1,066,271,899.61, compared to CNY 994,256,280.77 at the end of 2018, representing a growth of 7.3%[27] - Total liabilities as of March 31, 2019, were CNY 852,664,580.85, compared to CNY 805,828,569.16 at the end of 2018, reflecting an increase of 5.8%[28] - The total assets of the company as of January 1, 2019, were 3,356,971,567.56 RMB, remaining unchanged from the previous reporting period[41] Cash Flow - The net cash flow from operating activities improved by 24.91%, amounting to CNY -219,695,853.90[7] - Cash inflow from operating activities was CNY 324,691,256.25 in Q1 2019, compared to CNY 261,317,233.40 in Q1 2018, marking a growth of 24.3%[36] - In Q1 2019, the net cash flow from operating activities was -264,961,432.97 RMB, an improvement from -284,809,890.15 RMB in Q1 2018[38] - The total cash inflow from investment activities was 441,623,229.17 RMB, compared to 586,677,965.73 RMB in the same period last year, indicating a decrease of approximately 24.7%[38] - The net cash flow from investment activities was 340,371,479.17 RMB, significantly higher than 113,964,952.51 RMB in Q1 2018, representing an increase of about 198.5%[39] Shareholder Information - The total number of shareholders reached 30,976 by the end of the reporting period[10] - The largest shareholder, Liaoning Publishing Group Co., Ltd., holds 67.52% of the shares[10] Expenses and Income - Management expenses increased by 33.02% to ¥80,629,714.10, reflecting expanded business scale and increased labor and rental costs[17] - Asset impairment losses surged by 108.44% to ¥5,680,564.94, due to higher provisions for bad debts and inventory depreciation[17] - Other income rose by 74.74% to ¥10,835,419.86, attributed to compensation income from the demolition of the Northern Book City[17] - The company reported a decrease in sales expenses to CNY 26,988,431.64 in Q1 2019 from CNY 28,673,964.15 in Q1 2018[35] - The financial expenses showed a significant improvement, with a net income of CNY 1,361,239.96 in Q1 2019 compared to a loss of CNY 3,613,734.80 in Q1 2018[35] Government Support - The company received government subsidies amounting to CNY 10,834,998.58, which contributed to its financial performance[9]

Financial Performance - In 2018, the company's operating revenue reached RMB 2,338,007,561.84, representing a year-on-year increase of 21.08% compared to RMB 1,930,889,623.75 in 2017[23] - The net profit attributable to shareholders of the listed company was RMB 177,328,639.04, an increase of 10.09% from RMB 161,080,730.45 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 49,412,571.70, reflecting a significant increase of 32.10% from RMB 37,404,989.03 in 2017[23] - Basic earnings per share increased by 10.34% to CNY 0.32 compared to CNY 0.29 in the previous year[25] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 28.57% to CNY 0.09 per share from CNY 0.07 in the previous year[25] - The weighted average return on equity rose by 0.24 percentage points to 8.35% from 8.11% in the previous year[25] - The company achieved operating revenue of CNY 2,338 million, a year-on-year increase of 21.08%, with main business revenue of CNY 2,234 million, up 20.27%[50] - The net profit attributable to shareholders reached CNY 177.32 million, reflecting a growth of 10.09% year-on-year[50] - The total operating revenue for the year was CNY 165,375,013.78, representing a year-on-year increase of 19.49%[95] - The company reported a total revenue of RMB 601.68 million from educational materials, reflecting a growth rate of 21.39%[83] Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -96,664,109.74, a decrease of 137.86% compared to RMB 255,290,308.32 in 2017[23] - As of the end of 2018, the total assets amounted to RMB 3,356,971,567.56, a slight decrease of 0.41% from RMB 3,370,926,290.54 at the end of 2017[24] - The net cash flow from operating activities decreased due to increased operational payments and settling previous year’s payables[26] - The company's total assets at the end of the period were ¥3,357,000,000, with cash and cash equivalents decreasing by 43.82% to ¥249,202,110.92[75] - The company reported a net cash flow from investment activities of approximately -¥46.71 million, an improvement of 82.84% year-on-year, mainly due to reduced purchases of financial products[55] Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 1.10 per 10 shares, totaling RMB 60,600,617.00, based on the net profit for the year[6] - The profit distribution plan for 2018 includes a cash dividend of 1.10 RMB per 10 shares, totaling 60.6 million RMB, with 10% of the net profit allocated to statutory reserves[123] - The company reported a net profit attributable to ordinary shareholders of RMB 177.33 million for the year 2018, with a cash dividend of RMB 60.60 million, representing 34.17% of the net profit[126] Market and Business Development - The company expanded its market development efforts, leading to increased revenue across various business segments[25] - The company operates a comprehensive media business structure, integrating traditional publishing with digital reading and online education[36] - The company is gradually expanding into cultural creativity and investment finance sectors, forming a multi-medium and cross-field development pattern[36] - The company is focusing on the development of IP resources, with successful projects in multimedia formats, including animation and audio adaptations, contributing to new revenue streams[48] - The company is actively exploring new sales models and enhancing online sales channels to identify new growth points[97] - The company plans to enhance its core competitiveness and comprehensive strength by deepening reforms and promoting key projects in 2019[114] Risks and Challenges - The company has identified various industry and market risks in its report, which are detailed in the management's discussion and analysis section[9] - The company recognizes risks related to publishing selection, digital integration, inventory management, and talent retention as it expands its operations[121] Social Responsibility and Community Engagement - The company provided financial assistance of RMB 56.1 million and material support valued at RMB 4 million for poverty alleviation efforts, helping 51 registered impoverished individuals to escape poverty[147] - In 2019, the company plans to continue its poverty alleviation efforts with a focus on "one-on-one" assistance, ensuring stable poverty alleviation for households[149] - The company invested RMB 10 million in an agricultural poverty alleviation project, which helped 19 registered impoverished individuals to escape poverty[147] - The company is committed to maintaining its social responsibility initiatives as outlined in its 2018 Social Responsibility Report[150] Governance and Compliance - The governance structure is established in accordance with laws and regulations, ensuring clear responsibilities and independent operations from the controlling shareholder[185] - The company has implemented a performance-based salary system, linking remuneration closely with performance evaluations[181] - The company disclosed its internal control self-assessment report for 2018, which is available on the Shanghai Stock Exchange website[198] - There were no significant deficiencies in internal control reported during the year[199] - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[130] Future Outlook - The company expects to achieve an operating income of 2.572 billion RMB and an operating cost of 2.006 billion RMB in 2019, with total expenses estimated at 487 million RMB[119] - The company aims to implement a digital transformation strategy focusing on cloud computing, media integration, and intelligent systems to accelerate the transition from traditional to modern publishing[118] - The company plans to explore potential mergers and acquisitions to enhance its content offerings and distribution capabilities[165]

北方联合出版传媒(集团)股份有限公司 2018 年第三季度报告 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 2018 年第三季度报告 1 / 21 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 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 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 | 3,625,302,801.01 | 3,370,926,290.54 | 7.55 | | 归属于上市公司股东的净资产 | 2,131,796,684.70 | 2,058,617,443.06 | 3.55 | | | 年初至报告期末 | 上年初至上年报告 | 比上年同期增 ...

Financial Performance - The company's operating revenue for the first half of 2018 reached CNY 1,061,050,347.95, representing a 16.49% increase compared to CNY 910,881,878.79 in the same period last year[23]. - Net profit attributable to shareholders was CNY 63,435,734.82, up 9.64% from CNY 57,859,946.79 year-on-year[23]. - The net profit after deducting non-recurring gains and losses surged by 167.61% to CNY 52,089,631.79, compared to CNY 19,464,461.91 in the previous year[23]. - Basic earnings per share for the first half of 2018 were CNY 0.12, a 9.09% increase from CNY 0.11 in the same period last year[24]. - The weighted average return on net assets was 3.03%, slightly up from 3.01% year-on-year[24]. - The company reported a net cash flow from operating activities of -CNY 262,328,760.16, worsening from -CNY 88,864,174.46 in the previous year[23]. - The company achieved a total operating revenue of RMB 1,061.05 million, representing a year-on-year increase of 16.49%[37]. - The net profit attributable to shareholders of the listed company was RMB 63.44 million, an increase of 9.64% year-on-year[37]. - The main business revenue reached RMB 1,021.71 million, with a year-on-year growth of 14.76%[37]. - Operating costs increased to ¥815,723,013.89, up 13.50% from ¥718,674,137.85 in the previous year[47]. - The gross profit margin for publishing business decreased by 7.79 percentage points to 27.82%[54]. - Investment income fell by 34.67% to ¥5,365,429.40, mainly due to reduced investment activities[52]. Assets and Liabilities - The company's total assets increased by 1.75% to CNY 3,429,884,733.40 from CNY 3,370,926,290.54 at the end of the previous year[23]. - The net assets attributable to shareholders rose by 0.72% to CNY 2,073,362,131.06 compared to CNY 2,058,617,443.06 at the end of the last year[23]. - The company's total assets at the end of the period amounted to RMB 3,429.88 million, with a debt-to-asset ratio of 39.42%[37]. - The company's current assets totaled RMB 2,127,464,800.51, slightly up from RMB 2,085,775,542.88 at the start of the period[108]. - The total liabilities of the company were RMB 1,351,940,656.97, compared to RMB 1,310,152,772.72 at the beginning of the period[109]. - The company's cash and cash equivalents decreased by 49.67% to CNY 223,273,688.64, primarily due to increased operational payments[66]. - Accounts receivable increased by 123.64% to CNY 590,924,499.42, reflecting the impact of production cycle factors and expanded business scale[66]. Operational Strategy - The company is expanding its market presence with new store openings and enhancing its distribution network, including the launch of community bookstores[41]. - The company is leveraging digital publishing and technology advancements to drive growth in the publishing industry[33]. - The company has implemented a "精品出版工程" (Quality Publishing Project) to enhance the quality and safety of published content[38]. - The company is actively pursuing collaborations with other publishing units to foster upstream and downstream synergy in its operations[39]. - The company is actively pursuing digital transformation, focusing on developing a digital product group tailored to the education industry[45]. - The publishing business revenue increased due to market expansion and online-offline sales channel development, despite a rise in paper prices leading to a decrease in gross margin[55]. Cash Flow and Investments - Cash received from investment recoveries rose to CNY 857,600,000.00, a 59.13% increase compared to the previous year[63]. - The company's cash and cash equivalents decreased by 49.67% to CNY 223,273,688.64, primarily due to increased operational payments[66]. - The total investment during the reporting period was CNY 685.24 million, a decrease of 94.77% compared to the previous year[70]. - The company reported a significant increase in sales revenue from services, reaching 201,300,911.97 RMB, compared to 153,137,334.88 RMB in the previous period[124]. - The total cash inflow from investment activities was 862,733,706.82 RMB, up from 546,530,461.74 RMB year-on-year[125]. Poverty Alleviation Efforts - The company is committed to targeted poverty alleviation efforts, focusing on specific villages and households[90]. - The overall goal of the company's poverty alleviation work is to help eliminate poverty by 2020, in line with national objectives[90]. - The company invested a total of 55.3 million RMB in poverty alleviation efforts during the reporting period[93]. - A total of 18 individuals were lifted out of poverty through targeted assistance initiatives[93]. - Infrastructure improvements included the construction of 6 km of asphalt roads and 18 km of cement roads in Gao Litun village[95]. - The company aims to enhance collective economic development in Gao Litun village through industry-focused poverty alleviation[97]. Risk Management - There are no significant risks or non-operational fund occupation by controlling shareholders reported[9]. - The company faces risks including selection risks in publishing, digital technology disruption, and increased inventory due to high return rates[74]. - The company is actively pursuing digital transformation to mitigate risks from digital publishing media competition[74]. - The company has implemented strict management measures to control return rates and production scale to maintain financial health[74]. Legal and Compliance - The company has not reported any significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[83]. - The report indicates no changes in the controlling shareholder or actual controller during the reporting period[103]. - The company continues to operate under the supervision of the Liaoning Provincial State-owned Assets Supervision and Administration Commission, ensuring compliance with regulatory standards[138]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[141][142]. - The company follows the accrual basis of accounting, with historical cost as the measurement basis for most assets and liabilities[142]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[151]. - The company employs an aging analysis method for estimating bad debt provisions, with specific percentages assigned based on the age of receivables, such as 5% for receivables within 1 year[183].

Financial Performance - Operating revenue rose by 15.34% to CNY 533,178,792.41 year-on-year[7] - Net profit attributable to shareholders increased by 14.33% to CNY 18,462,515.72 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses surged by 411.68% to CNY 12,226,656.02 year-on-year[7] - The weighted average return on equity increased by 0.05 percentage points to 0.89%[7] - Total operating revenue for Q1 2018 was RMB 533,178,792.41, an increase of 15.4% compared to RMB 462,255,026.04 in the same period last year[31] - Net profit for Q1 2018 reached RMB 17,944,865.82, representing a 16.1% increase from RMB 15,455,700.31 in Q1 2017[32] - The company's operating revenue for the current period is ¥217,907,520.20, an increase of 29.1% compared to ¥168,694,681.33 in the previous period[35] - Operating profit reached ¥15,145,726.83, up 96.5% from ¥7,724,263.07 in the prior period[35] - Net profit for the current period is ¥15,146,026.96, representing a 93.5% increase from ¥7,808,973.76 in the previous period[36] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -292,578,912.92, a decline of 87.93% compared to the previous year[7] - Cash flow from operating activities showed a net outflow of -CNY 292,578,912.92, worsening by 87.93% compared to -CNY 155,686,103.36 in the previous year, mainly due to increased operational payments[19] - Cash inflow from investment activities totaled ¥586,685,665.73, compared to ¥286,752,886.09 in the previous period, indicating a significant increase[39] - The total operating cash inflow was ¥261,317,233.40, compared to ¥232,396,967.44 in the previous period, reflecting growth[39] - The cash flow from investment activities amounted to 472,713,013.22 CNY, an increase from 179,880,000.00 CNY in the previous period[42] - The net increase in cash and cash equivalents was -170,844,937.64 CNY, a decline from -34,825,668.64 CNY in the prior period[42] Assets and Liabilities - Total assets increased by 0.84% to CNY 3,399,127,336.08 compared to the end of the previous year[7] - Total assets as of March 31, 2018, amounted to CNY 3,399,127,336.08, a slight increase from CNY 3,370,926,290.54 at the beginning of the year[25] - The total liabilities increased marginally to CNY 1,318,481,675.56 from CNY 1,310,152,772.72, reflecting a growth of 0.25%[27] - Total liabilities decreased to RMB 848,708,742.23 from RMB 919,323,537.64 at the beginning of the year, reflecting a reduction of 7.7%[30] - Current assets totaled RMB 1,070,453,374.27, down 5.5% from RMB 1,133,075,598.43 at the start of the year[29] - The company's equity increased to RMB 1,722,485,335.57 from RMB 1,707,339,308.61, indicating a growth of 0.9%[30] Shareholder Information - The total number of shareholders reached 34,890 by the end of the reporting period[10] - The largest shareholder, Liaoning Publishing Group Co., Ltd., holds 67.52% of the shares[12] Expenses - Sales expenses increased by 54.91% to CNY 56,541,013.10 compared to CNY 36,498,577.22 in the same period last year, primarily due to changes in the accounting method for county bookstore distribution fees[17] - Financial expenses decreased significantly by 504.02% to -CNY 3,780,443.77, attributed to an increase in interest income from deposits[17] Other Income - Other income surged to CNY 6,200,961.04, a 100% increase, resulting from changes in accounting standards affecting the recognition of non-operating income[17] - The company reported an investment income of RMB 2,916,952.60, down from RMB 6,954,667.87 in the same period last year[32] - Other comprehensive income after tax for Q1 2018 was RMB 126,159.95, compared to RMB 47,276.48 in Q1 2017[32] Asset Impairment - The company reported a 56.86% decrease in asset impairment losses, amounting to CNY 2,725,285.75 compared to CNY 6,317,002.57 in the previous year, due to a reduction in bad debt provisions[17]

Financial Performance - The company's operating revenue for 2017 was approximately ¥1.93 billion, representing a 10.04% increase compared to ¥1.75 billion in 2016[23]. - Net profit attributable to shareholders for 2017 was approximately ¥161.08 million, a 19.57% increase from ¥134.71 million in 2016[23]. - The adjusted net profit excluding non-recurring gains for 2017 was approximately ¥37.40 million, showing a significant increase of 70.63% compared to ¥21.92 million in 2016[23]. - The net cash flow from operating activities for 2017 was approximately ¥255.29 million, a 42.96% increase from ¥178.57 million in 2016[23]. - The total assets at the end of 2017 were approximately ¥3.37 billion, reflecting a 5.42% increase from ¥3.20 billion at the end of 2016[23]. - The basic earnings per share for 2017 was ¥0.29, a 20.83% increase from ¥0.24 in 2016[25]. - The weighted average return on equity for 2017 was 8.11%, an increase of 0.99 percentage points from 7.12% in 2016[25]. - The company reported a non-recurring gain of approximately ¥123.68 million for 2017, compared to ¥112.79 million in 2016[32]. - The cash dividend distribution ratio for 2017 was 30.10% of the net profit attributable to shareholders[124]. Corporate Governance - The company reported a standard unqualified audit opinion from Ruihua Certified Public Accountants, ensuring the accuracy and completeness of the financial report[5]. - The company’s financial report is subject to approval by the shareholders' meeting, reflecting a commitment to shareholder engagement[6]. - The company has maintained its operational integrity, with no violations in decision-making procedures for external guarantees[8]. - The company is committed to continuous oversight by its sponsor, Ping An Securities, since December 21, 2007, ensuring ongoing compliance and governance[20]. - The company continues to employ Ruihua Certified Public Accountants for auditing services, with total audit fees amounting to CNY 1,450,000 for the year[130]. - The governance structure is compliant with relevant laws and regulations, ensuring clear responsibilities among decision-making, supervisory, and management bodies[187]. - The company has revised its articles of association to incorporate requirements for party leadership and governance improvements[188]. - The independent directors did not raise any objections to company matters during the reporting period, suggesting a consensus on governance[195]. Strategic Initiatives - The company plans to enhance its management level and deepen supply-side reforms to achieve growth and transformation through capital operations and new project investments[112]. - The company aims to expand its market presence through technology upgrades, new product lines, and digital transformation[112]. - The company is actively expanding its education sector, focusing on textbook distribution and educational equipment markets, while promoting educational information technology[116]. - The company is committed to digital transformation and aims to complete 20 key tasks to develop a digital product and channel system[118]. - The company plans to issue medium-term notes as part of its financing strategy, indicating a proactive approach to capital management[190]. Market Expansion and Acquisitions - The company acquired three publishing houses during the reporting period, leading to retrospective adjustments in financial statements[27]. - The company invested a total of 60.4 million yuan to acquire all shares of Liao Ren Publishing, Liao Education Publishing, and Minzu Publishing, enhancing its publishing portfolio[38]. - The company proposed to acquire three publishing houses owned by the controlling shareholder, reflecting a strategy for market expansion[190]. - The company is focused on strategic restructuring and mergers in the publishing industry, aiming to become a leading player in the market[111]. Social Responsibility and Community Engagement - The company assisted 56 out of 57 registered poor households in Gao Litun Village to achieve poverty alleviation, with one household pending completion of the national housing renovation project[148]. - The company provided 71,000 RMB in funds and 383,000 RMB in material support for poverty alleviation efforts[150]. - The company plans to continue its poverty alleviation efforts in 2018, ensuring stable poverty alleviation outcomes and preventing any return to poverty[151]. - The company has implemented two industry development poverty alleviation projects with an investment of 600,000 RMB, helping 28 registered poor individuals to escape poverty[150]. - The company is committed to strengthening grassroots organization construction and promoting standardized management in villages[152]. Research and Development - R&D expenses increased by 142.21% to CNY 5.58 million, driven by investments in digital content integration and distribution projects[54]. - The company’s R&D expenses amounted to CNY 5,577,538.10 for the reporting period, reflecting ongoing investment in innovation[67]. - Total R&D investment amounted to ¥5,577,538.10, representing 0.29% of operating revenue[68]. - The digital publishing project has completed 98% of its planned construction, with over 60,000 types of digital resources available for trial operation[69]. Operational Highlights - The company achieved a historical best in social benefits, with the total number of key publications increasing by 40% year-on-year[44]. - The book reprint rate reached 54.6%, with the proportion of best-selling and long-selling categories gradually increasing[44]. - International business expanded to 25 countries and regions, with copyright exports increasing by 16% and physical exports by 45% year-on-year[44]. - Online book sales increased by 40% year-on-year, with Chuanfeng Publishing's online sales accounting for 51%[45]. - The company launched the "Northern New Life" cultural commercial complex, receiving positive industry feedback[45]. Employee and Management Information - The company employed a total of 2,079 staff, with 1,960 in major subsidiaries and 119 in the parent company[182]. - The company has established a performance-based salary system, combining basic and performance salaries for directors and senior management[179]. - A total of 60 training sessions were conducted in 2017 to enhance employee skills and management capabilities[185]. - The company has implemented a comprehensive human resource management system to align compensation with performance and responsibilities[183]. Financial Management - The company utilized a total of 870 million RMB of idle funds for short-term financial products, achieving a cumulative return of 7.1705 million RMB[141]. - The company invested 30 million RMB in bank financial products, with an annualized return rate of 4.7%[140][142]. - The financial expenses decreased by 56.72% to CNY -13,590,741.75, attributed to increased interest income from deposits[66]. - The company’s retained earnings increased by 38.75% to ¥827,380,583.89, driven by operational profits and internal equity transfers from acquisitions[74].

Financial Performance - The company achieved operating revenue of CNY 1,532,333,177.57, representing a year-on-year growth of 12.02%[11] - The net profit attributable to shareholders reached CNY 109,226,178.37, an increase of 11.75% compared to the previous year[6] - The basic earnings per share rose to CNY 0.20, marking an increase of 11.11%[6] - Total operating revenue for Q3 2017 reached ¥621,451,298.78, a 28.1% increase from ¥485,333,208.01 in Q3 2016[23] - Net profit for Q3 2017 was ¥51,970,922.55, compared to ¥41,288,692.84 in Q3 2016, marking a growth of 25.0%[24] - Net profit attributable to shareholders for Q3 2017 was CNY 51,366,231.58, up from CNY 41,199,175.16 in Q3 2016, representing a growth of 24.5%[26] - The total comprehensive income for Q3 2017 was CNY 52,023,373.81, compared to CNY 40,128,699.57 in Q3 2016, marking a rise of 29.5%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 3,473,639,189.03, reflecting an increase of 8.72% from the end of the previous year[6] - Total assets increased to ¥3,473,639,189.03 from ¥3,194,969,794.03, reflecting growth in both current and non-current assets[18] - Total liabilities to assets ratio stood at 42.15% at the end of the reporting period[11] - Total liabilities as of September 30, 2017, were ¥992,652,270.21, compared to ¥746,445,921.29 at the beginning of the year, reflecting a rise of 32.9%[22] Cash Flow - The net cash flow from operating activities was negative CNY 71,298,032.99, a significant decline of 1,068.20% year-on-year[6] - Cash inflow from operating activities totaled CNY 996,362,258.22, a decrease of 7.1% compared to CNY 1,072,416,374.87 in the previous year[31] - Cash outflow from operating activities was CNY 1,067,660,291.21, down slightly from CNY 1,078,519,614.58 year-on-year[31] - Cash inflow from investment activities was CNY 929,623,806.32, significantly lower than CNY 2,124,931,617.01 in the previous year, representing a decline of 56.3%[32] - Net cash flow from operating activities in the third quarter was negative CNY 27,956,163.92, contrasting with a positive CNY 373,069,996.70 in the same quarter last year[35] Revenue and Costs - The main business revenue growth was attributed to the expansion of online and offline sales channels and increased sales of general books[11] - Total operating costs for Q3 2017 were ¥586,740,002.49, up 26.7% from ¥463,183,712.03 in Q3 2016[24] - Year-to-date total operating costs for the first nine months of 2017 amounted to ¥1,479,829,063.35, an increase of 11.6% from ¥1,325,737,109.63 in the previous year[24] - Operating costs for Q3 2017 were CNY 225,792,241.00, an increase from CNY 190,445,410.17 in Q3 2016, which is a 18.6% rise[27] Investments and Receivables - Accounts receivable increased by 124.38% to ¥854,623,906.53 from ¥380,883,400.31, primarily due to uncollected government procurement payments from 2016 and 2017[12] - Other receivables rose by 42.96% to ¥91,243,819.13 from ¥63,825,920.48, attributed to increased bid deposits and standby funds[12] - Available-for-sale financial assets increased by 62.51% to ¥364,311,695.60 from ¥224,179,513.94, resulting from investments in a financial insurance company[12] - The company reported a 36.49% decline in investment income to ¥14,949,096.70 from ¥23,538,575.10, as there were no dividends received from a bank this period[14] Management and Restructuring - The company is currently undergoing a major asset restructuring, which has led to a continuous trading suspension since July 3, 2017, with an expected resumption within two months[15] - The company has strengthened its marketing efforts and brand awareness, leading to increased sales in the printing materials market[11] - The company's management expenses increased to CNY 48,886,997.70 for the first nine months of 2017, compared to CNY 41,929,162.04 in the same period of 2016, a rise of 16.5%[27]

Financial Performance - The company's operating revenue for the first half of 2017 was approximately ¥910.88 million, representing a 3.20% increase compared to ¥882.61 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2017 was approximately ¥57.86 million, a 2.33% increase from ¥56.54 million in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 31.17% to approximately ¥19.46 million from ¥28.28 million in the same period last year[22]. - The net cash flow from operating activities showed a significant decline, with a net outflow of approximately ¥88.86 million compared to a net inflow of ¥26.28 million in the previous year, marking a decrease of 849.00%[22]. - Basic earnings per share for the first half of 2017 were ¥0.11, up 10% from ¥0.10 in the same period last year[23]. - The weighted average return on net assets increased to 3.01%, up from 2.90% in the previous year, indicating improved profitability[23]. - The company reported a 3.03% increase in operating costs, totaling approximately ¥718.67 million compared to ¥697.56 million in the previous year[49]. - Operating profit increased by 40.13% to $47.91 million from $34.19 million year-on-year, primarily due to adjustments in accounting standards and reclassification of government subsidies[53]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥3.27 billion, an increase of 2.26% from ¥3.19 billion at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.96 billion, reflecting a 2.46% increase from ¥1.91 billion at the end of the previous year[22]. - The total liabilities increased to ¥1,309,831,943.21 from ¥1,283,838,178.98, reflecting a rise of approximately 2%[122]. - Cash and cash equivalents decreased by 34.66% to ¥350,964,717.89, down from ¥537,135,007.34 in the previous period[67]. - Accounts receivable increased by 65.85% to ¥631,682,814.19, compared to ¥380,883,400.31 in the last period[67]. - Other receivables rose by 44.75% to ¥92,387,648.44, up from ¥63,825,920.48 previously[67]. Investments and Acquisitions - The company established a wholly-owned subsidiary, Liaoning Dingji Digital Technology Co., Ltd., to promote on-demand publishing and address the issue of book "out of print"[33]. - The company acquired all equity of Liao Ren Publishing, Liao Education Publishing, and National Publishing to enhance its publishing capabilities[34]. - The company made a total investment of ¥13,104.27 million during the reporting period, with no investments in the same period last year[72]. - A significant equity investment of ¥30 million was made to establish Liaoning Dingji Digital Technology Co., Ltd., with a total investment of ¥8,122,700 in the current period[74]. - The company also invested ¥50 million to establish Liaoning Dingji Intelligent Digital Media Service Co., Ltd., with a current investment of ¥2,520,000[75]. Strategic Initiatives - The company is focusing on a "4+2" core industry strategy to strengthen its major publishing and emerging industries[41]. - The company is actively pursuing digital publishing transformation to align with current industry trends[34]. - The company is focusing on expanding its education sector, particularly in educational resources and information technology projects, to strengthen its market position[45]. - The company has signed strategic cooperation agreements with Inner Mongolia Xinhua Distribution Group to expand its distribution network and enhance logistics capabilities[43]. - The company is enhancing its logistics efficiency by investing in an intelligent warehousing system, laying the groundwork for a large-scale logistics industry[43]. Risk Management - The company has implemented measures to control return rates and inventory levels to mitigate risks associated with the publishing industry[83]. - The company is facing potential risks related to selection topics, inventory increases, and talent management as it expands its business[83]. - The company has established management systems to control the risks associated with publishing and sales processes[83]. Shareholder Information - The company did not propose any profit distribution or capital reserve transfer to share capital for the reporting period[4]. - The total number of ordinary shareholders as of the end of the reporting period was 37,265[111]. - The largest shareholder, Liaoning Publishing Group Co., Ltd., held 372,000,000 shares, representing 67.52% of the total shares[112]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[114]. Accounting Policies - The company’s financial statements comply with the relevant accounting standards and accurately reflect its financial position as of June 30, 2017[159]. - The company’s financial reporting is based on the going concern assumption and follows the accrual basis of accounting[157]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired on the purchase date[164]. - The company applies the equity method for investments in joint ventures and recognizes its share of assets and liabilities accordingly[173]. Social Responsibility - The company helped 6 registered impoverished individuals to escape poverty during the reporting period, with a total investment of RMB 368,000 in poverty alleviation efforts[103]. - The company plans to continue supporting the development of industries in Gao Litun Village and aims to help 12 impoverished households achieve poverty alleviation in the second half of 2017[105].