Financial Performance - The company's operating revenue for Q1 2022 was ¥206,655,793.43, a decrease of 4.56% compared to ¥216,537,177.43 in the same period last year[5] - The net profit attributable to shareholders for Q1 2022 was ¥42,627,707.54, representing a decline of 21.20% from ¥54,098,480.98 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥38,360,786.82, down 26.84% from ¥52,431,244.35 year-on-year[6] - Basic and diluted earnings per share for Q1 2022 were both ¥0.26, a decrease of 21.21% from ¥0.40 in the previous year[6] - Total revenue for Q1 2022 was CNY 206,655,793.43, a decrease of 4.0% compared to CNY 216,537,177.43 in Q1 2021[18] - Net profit for Q1 2022 was CNY 44,097,775.80, down 20.4% from CNY 55,403,017.55 in Q1 2021[19] - Earnings per share for Q1 2022 was CNY 0.26, compared to CNY 0.33 in Q1 2021[19] - The company reported a decrease in comprehensive income to CNY 42,362,896.09 from CNY 54,422,055.59 in the previous year[19] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥13,205,414.73, an increase of 131.85% compared to a negative cash flow of ¥41,456,995.51 in the same period last year[6] - In Q1 2022, the company reported cash inflows from operating activities of ¥175,581,898.38, an increase of 27.4% compared to ¥137,778,235.29 in Q1 2021[21] - The net cash flow from operating activities was ¥13,205,414.73, a significant improvement from a net outflow of ¥41,456,995.51 in the same period last year[21] - Cash outflows for investing activities totaled ¥334,504,898.62, up from ¥168,353,479.40 in Q1 2021, resulting in a net cash outflow of ¥332,384,331.17 for investing activities[22] - The company experienced a net decrease in cash and cash equivalents of ¥321,187,399.75 in Q1 2022, compared to an increase of ¥150,772,846.08 in Q1 2021[22] - The ending balance of cash and cash equivalents was ¥491,925,016.44, down from ¥1,032,190,661.70 at the end of Q1 2021[22] - The company received cash from investment income of ¥2,119,087.45, a decrease from ¥5,285,673.97 in the previous year[21] - Cash received from the sale of fixed assets and other long-term assets was ¥1,480.00, down from ¥6,920.00 in Q1 2021[21] - Payments for purchasing goods and services amounted to ¥92,964,909.72, a decrease from ¥114,540,095.62 in the same quarter last year[21] - Payments to employees increased to ¥41,525,338.78 from ¥33,482,543.11 in Q1 2021, reflecting a rise of 24.1%[21] - The company reported a cash inflow of ¥7,674,073.74 from other operating activities, significantly higher than ¥2,511,741.13 in Q1 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,211,979,163.73, reflecting a growth of 1.08% from ¥2,188,427,295.82 at the end of the previous year[6] - The equity attributable to shareholders increased by 2.35%, reaching ¥1,966,695,211.27 compared to ¥1,921,546,962.12 at the end of the last year[6] - As of March 31, 2022, the company's total assets amounted to RMB 2,211,979,163.73, an increase from RMB 2,188,427,295.82 at the end of 2021[15] - The company's cash and cash equivalents decreased to RMB 505,486,977.71 from RMB 828,885,048.57, representing a decline of approximately 39%[15] - Trading financial assets increased significantly to RMB 603,760,349.29 from RMB 294,579,057.79, marking a growth of about 105%[15] - Accounts receivable rose to RMB 153,686,977.33 from RMB 117,127,118.69, reflecting an increase of approximately 31%[15] - Total current liabilities decreased to RMB 183,462,844.85 from RMB 203,919,764.67, a reduction of about 10%[16] - The company's non-current assets totaled RMB 455,442,150.35, slightly down from RMB 460,189,918.45[16] - The company's inventory stood at RMB 277,888,645.23, compared to RMB 272,896,970.24 previously reported[15] - The total liabilities decreased to CNY 215,991,072.96 from CNY 238,948,766.26 at the end of 2021, a reduction of 9.6%[17] - Total equity increased to CNY 1,995,988,090.77 from CNY 1,949,478,529.56 at the end of 2021, an increase of 2.4%[17] Shareholder Information - The company has a total of 162,503,585 shares after the recent capital distribution, with a cash dividend of ¥0.75 per share[6] - The company reported a total of 4,071,561 shares repurchased, accounting for 2.51% of the total shares outstanding[13] - The company has two major actual controllers, Chen Mingjun and Chen Liping, who collectively control 1.54% of the shares[13] Research and Development - Research and development expenses for Q1 2022 were CNY 3,032,599.70, significantly higher than CNY 1,038,933.82 in Q1 2021[18] - The company experienced a decline in investment income, reporting a loss of CNY 261,270.06 compared to a gain of CNY 3,063,962.21 in the previous year[18] - Other comprehensive income after tax showed a loss of CNY 1,734,879.71, compared to a loss of CNY 980,961.96 in Q1 2021[19] Strategic Developments - The company has not disclosed any significant new strategies or product developments during this reporting period[14]

Financial Performance - The company's operating revenue for Q3 2021 was ¥223,282,366.56, representing a year-on-year increase of 2.43%[5] - The net profit attributable to shareholders for the same period was ¥37,806,921.91, showing a decline of 20.11% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥36,869,698.37, down 23.65% year-on-year[5] - The basic and diluted earnings per share for Q3 2021 were both ¥0.23, a decrease of 20.69% from the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥680,520,397.33, an increase of 3.8% compared to ¥655,275,586.72 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥133,847,930.96, a decrease of 23.4% from ¥174,669,187.14 in the same period of 2020[22] - The total comprehensive income of ¥130,507,501.73 for the first three quarters of 2021, down from ¥168,616,701.29 in the same period of 2020[23] - The company experienced a decrease in other comprehensive income, with a net amount of -¥3,340,429.23 for the first three quarters of 2021, compared to -¥6,052,485.85 in the same period of 2020[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,149,748,748.94, a decrease of 3.84% from the end of the previous year[6] - The total assets as of September 30, 2021, were ¥2,149,748,748.94, compared to ¥2,235,639,118.06 at the end of 2020[24] - The total liabilities as of September 30, 2021, were RMB 151,177,641.49, slightly reduced from RMB 155,096,176.25 at the end of 2020, showing a decrease of approximately 2.4%[16] - The company's total liabilities as of September 30, 2021, amounted to ¥188,203,611.30, compared to ¥155,096,176.25 at the end of 2020, reflecting a growth of 21.3%[24] - The total equity attributable to shareholders was ¥1,934,840,547.15, down 5.5% from ¥2,048,983,774.14 at the end of 2020[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥42,537,470.10, reflecting a significant decline of 39.77%[5][9] - The cash inflow from operating activities for the first three quarters of 2021 was RMB 641,642,947.30, an increase of 11.29% compared to RMB 576,629,406.38 in the same period of 2020[26] - The net cash flow from operating activities decreased to RMB 42,537,470.10 in 2021 from RMB 70,623,470.54 in 2020, representing a decline of 39.83%[26] - Cash inflow from investment activities was RMB 863,565,313.61, down 55.32% from RMB 1,933,232,340.05 in the previous year[27] - The net cash flow from investment activities was RMB 26,524,559.31, a significant decrease of 89.93% compared to RMB 263,874,116.10 in 2020[27] - The net cash flow from financing activities was negative at RMB -270,329,740.07, worsening from RMB -65,871,612.25 in 2020[27] Shareholder Information - The company reported a total of 5,461 common shareholders at the end of the reporting period[10] - The largest shareholder, Chen Mingjun, held 52.86% of the shares, with 9,900,000 shares pledged[10] - The company repurchased 3,988,841 shares, accounting for 2.45% of the total share capital as of the report date[12] - The company reported a significant increase in the number of shares held by major shareholders, with the largest shareholder holding 85,901,934 shares[12] Research and Development - Research and development expenses increased to ¥3,239,523.79 in the first three quarters of 2021, up 39.2% from ¥2,326,406.27 in the previous year[21] Government Subsidies - The company received government subsidies amounting to ¥99,695.57 during the reporting period, which are closely related to its normal business operations[8] Current Assets - As of September 30, 2021, the total current assets amounted to RMB 1,758,861,587.75, a decrease from RMB 2,014,352,197.74 at the end of 2020, reflecting a decline of approximately 12.6%[15] - The cash and cash equivalents were reported at RMB 702,667,531.37, down from RMB 894,205,657.06 at the end of 2020, indicating a decrease of about 21.4%[15] - The accounts receivable increased to RMB 180,804,175.67 from RMB 134,923,147.32 at the end of 2020, marking an increase of approximately 33.9%[15] - The inventory value rose to RMB 274,016,851.63, compared to RMB 260,543,095.37 at the end of 2020, reflecting an increase of about 5.1%[15] - The company's long-term equity investments increased to RMB 162,064,285.57 from RMB 103,464,487.90 at the end of 2020, indicating a growth of approximately 56.5%[16] - The total non-current assets amounted to RMB 390,887,161.19, up from RMB 221,286,920.32 at the end of 2020, representing an increase of about 76.7%[16] Cash and Cash Equivalents - The total cash and cash equivalents at the end of the period stood at RMB 676,994,903.15, compared to RMB 622,204,200.16 at the end of the same period last year, reflecting a growth of 8.81%[27] - The impact of exchange rate changes on cash and cash equivalents was a decrease of RMB -3,155,201.81, an improvement from RMB -6,083,447.01 in the previous year[27] - The company paid RMB 107,169,693.75 in dividends and interest, slightly up from RMB 101,931,000.00 in 2020[27]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥457,238,030.77, representing a 4.56% increase compared to ¥437,285,268.83 in the same period last year[18]. - The net profit attributable to shareholders decreased by 25.63% to ¥93,226,855.19 from ¥125,355,693.17 in the previous year[18]. - The net cash flow from operating activities was negative at -¥23,122,305.90, a decline of 438.78% compared to ¥6,825,111.72 in the same period last year[18]. - The total assets at the end of the reporting period were ¥2,148,133,465.53, down 3.91% from ¥2,235,639,118.06 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 6.01% to ¥1,925,869,356.78 from ¥2,048,983,774.14[18]. - Basic earnings per share for the first half of 2021 were ¥0.57, a decrease of 25.97% from ¥0.77 in the same period last year[19]. - The weighted average return on net assets was 4.61%, down by 1.71 percentage points from 6.32% in the previous year[19]. - The company reported a decrease of 16.72% in net profit after deducting non-recurring gains and losses, amounting to ¥92,614,319.17 compared to ¥111,207,289.83 last year[18]. - The company achieved a revenue of 457.24 million RMB in the first half of 2021, representing a year-on-year growth of 4.56%[35]. - The net profit for the same period was 95.39 million RMB, a decrease of 24.78% year-on-year, with a net profit of 92.61 million RMB after excluding non-recurring gains and losses, down 16.72% year-on-year[35]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period amounted to ¥978,749,746.44, representing 45.56% of total assets, an increase of 9.45% compared to the previous year[50]. - The company's cash and cash equivalents increased to ¥558,338,794.47 as of June 30, 2021, compared to ¥432,470,338.08 at the end of 2020, reflecting a growth of 29.0%[108]. - The net cash flow from financing activities was -223,167,016.09 RMB in the first half of 2021, compared to -65,247,270.00 RMB in the same period of 2020, showing increased cash outflows related to financing[122]. - The total cash inflow from investment activities for the first half of 2021 was ¥613,265,860.20, compared to ¥1,053,746,457.01 in the first half of 2020, indicating a significant decline[118]. - The total cash outflow from financing activities was 223,167,016.09 RMB, which included payments for dividends and other financing-related cash outflows[122]. Market and Business Strategy - The company is focusing on expanding its international publishing platform and has established a global editorial team to enhance its competitive edge[31]. - The company’s operational strategy includes a multi-channel sales approach, leveraging e-commerce platforms, bookstores, and community-based sales to optimize marketing and sales conversion rates[34]. - The company is actively expanding its overseas business, including publishing Chinese original picture books in multiple languages, with notable titles receiving international recognition[74]. - The company is committed to innovation-driven growth in the content industry, focusing on high-quality literary and children's books[26]. - The company launched over 50 bestsellers with sales exceeding one million copies, enhancing its brand influence in the industry[32]. Risks and Challenges - The company has not disclosed any significant risks that could materially affect its operations during the reporting period[5]. - The company faced challenges in the children's book marketing channels, with short video e-commerce accounting for over 50% of sales in this category[37]. - The company faced risks related to rising costs, particularly in raw materials, which have increased due to economic recovery, impacting operational cost control[60][61]. - The company is focused on reducing risks in overseas business expansion by maintaining smooth communication with local teams and closely monitoring project progress[62]. Shareholder and Equity Information - The company completed a capital increase by transferring 2 shares for every 10 shares held, resulting in a total share count increase from 135,885,000 to 162,503,585 shares[19]. - The total number of shares increased from 135,885,000 to 162,503,585, representing a 19.6% increase due to a capital reserve conversion[90]. - The largest shareholder, Chen Mingjun, held 85,901,934 shares, accounting for 52.86% of the total shares[94]. - The company repurchased 2,792,075 shares, representing 1.72% of the total share capital[95]. - The company has committed to avoiding competition with its controlling shareholders and related parties, ensuring no direct or indirect investment in competing businesses[76]. Corporate Governance and Compliance - The company has appointed a new CFO and board secretary following the resignation of the previous CFO[68]. - The company did not propose any profit distribution or capital reserve transfer plans for the reporting period[69]. - The controlling shareholders have pledged to standardize and reduce related party transactions, adhering to market principles and ensuring fair treatment of minority shareholders[77]. - There are no significant lawsuits or arbitration matters reported during the reporting period[81]. - The company has ensured that any related party transactions will be conducted at market prices to protect the interests of all shareholders[78]. Research and Development - The company increased its R&D expenses by 31.08% to 1.98 million yuan, reflecting a focus on enhancing research and development capabilities[48]. - Research and development expenses for the first half of 2021 were ¥1,981,468.23, up 31.0% from ¥1,511,623.47 in the first half of 2020[111]. Inventory and Asset Management - Inventory at the end of the period was ¥281,293,666.92, accounting for 13.09% of total assets, with a growth of 7.96% year-on-year[50]. - The company employs a perpetual inventory system, particularly for verifying copyright and related rights[188]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory impairment recognized when costs exceed net realizable values[187]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position and operating results accurately[146]. - The company has established a comprehensive consolidation method for its financial statements, ensuring all subsidiaries are included based on control[153]. - The company applies the effective interest method to calculate interest on financial assets measured at amortized cost, with any differences recognized in current profit and loss upon disposal[167].

Financial Performance - Operating revenue for the period was CNY 216,537,177.43, representing a year-on-year increase of 13.59%[8] - Net profit attributable to shareholders was CNY 54,098,480.98, down 7.54% from the previous year[8] - The basic earnings per share decreased by 6.98% to CNY 0.40[8] - Net profit for Q1 2021 was CNY 55,403,017.55, a decrease of 6.4% from CNY 59,283,437.34 in Q1 2020[31] - Earnings per share for Q1 2021 were CNY 0.40, down from CNY 0.43 in Q1 2020[31] - The company reported a decrease in comprehensive income to CNY 54,422,055.59 from CNY 60,112,791.99 in Q1 2020[31] - The company’s total comprehensive income for Q1 2021 was CNY 48,804,168.58, reflecting a growth from CNY 47,360,005.20 in Q1 2020[33] Cash Flow - The net cash flow from operating activities was negative CNY 41,456,995.51, a decrease of 392.07% compared to the same period last year[8] - The net cash flow from operating activities for Q1 2021 was -41,456,995.51 RMB, compared to 14,194,074.19 RMB in the same period last year, mainly due to increased cash payments for goods and services[17] - Cash flow from operating activities showed a net outflow of CNY -41,456,995.51 in Q1 2021, compared to a net inflow of CNY 14,194,074.19 in Q1 2020[34] - The net cash flow from operating activities in Q1 2021 was -CNY 63,033,883.40, a significant decline from -CNY 10,950,913.04 in Q1 2020[38] - The cash inflow from operating activities in Q1 2021 was CNY 51,660,938.88, compared to CNY 46,965,037.59 in Q1 2020, representing an increase of approximately 14.4%[38] - The net cash flow from investing activities for Q1 2021 was 316,439,114.57 RMB, up from 222,679,938.52 RMB year-on-year, primarily due to the redemption of financial products exceeding the amount paid for investments[17] - The cash inflow from investment activities in Q1 2021 was CNY 374,721,242.46, down from CNY 504,512,602.74 in Q1 2020, indicating a decrease of about 25.7%[38] - The net cash flow from investment activities in Q1 2021 was CNY 374,468,312.46, an increase from CNY 304,512,602.74 in Q1 2020, showing a growth of approximately 22.9%[38] - The cash outflow from financing activities in Q1 2021 was CNY 123,353,322.34, with no cash inflow reported, resulting in a net cash flow of -CNY 123,353,322.34[38] - The net increase in cash and cash equivalents for Q1 2021 was CNY 188,203,943.52, compared to CNY 293,549,501.06 in Q1 2020, reflecting a decrease of about 35.9%[38] - The ending balance of cash and cash equivalents as of Q1 2021 was CNY 617,224,171.60, up from CNY 413,591,289.98 in Q1 2020, representing an increase of approximately 49.2%[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,176,679,134.11, a decrease of 2.64% compared to the end of the previous year[8] - The total assets as of March 31, 2021, were 2,176,679,134.11 RMB, a decrease from 2,235,639,118.06 RMB at the end of 2020[24] - The total liabilities as of March 31, 2021, were 159,572,907.57 RMB, slightly up from 155,096,176.25 RMB at the end of 2020[24] - Total current assets decreased to CNY 1,187,268,284.85 from CNY 1,263,150,014.04 at the end of 2020[27] - Total liabilities for Q1 2021 were CNY 69,774,620.68, slightly up from CNY 68,843,835.68 in Q4 2020[28] - Long-term equity investments increased to CNY 757,758,971.26 from CNY 750,769,704.87 at the end of 2020[27] - The company’s cash and cash equivalents increased to 1,058,886,673.66 RMB from 894,205,657.06 RMB at the end of 2020[22] Shareholder Information - The number of shareholders at the end of the reporting period was 4,165[10] - The largest shareholder, Chen Mingjun, holds 52.68% of the shares, with 9,310,000 shares pledged[11] Expenses - Sales expenses for Q1 2021 amounted to 29,979,698.32 RMB, an increase of 7,778,522.72 RMB or 35.04% year-on-year, primarily due to rising labor and transportation costs[15] - Management expenses for Q1 2021 were 19,075,405.54 RMB, up 10,098,286.98 RMB or 112.49% year-on-year, driven by increased stock incentive amortization and overseas business expansion costs[15] - Total operating costs for Q1 2021 were CNY 145,923,321.08, up from CNY 122,417,796.48 in Q1 2020, reflecting a 19.2% increase[30] - Total operating expenses increased to CNY 179,235,230.80 in Q1 2021 from CNY 99,597,067.23 in Q1 2020[34] - The company reported a decrease in financial expenses, with interest income rising to CNY 4,968,500.95 in Q1 2021 from CNY 147,776.23 in Q1 2020[33] Future Outlook - The net profit for the year is expected to show significant changes compared to the previous year, but no specific guidance was provided[20]

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of 219,689,297.19 CNY, a decrease of 8.57% compared to 2019[5]. - The total revenue for 2020 was 875,930,307.77 CNY, reflecting a decline of 5.34% from the previous year[21]. - The company reported a net profit of 200,291,503.51 CNY for the parent company, with distributable profits amounting to 743,075,193.56 CNY[5]. - Basic earnings per share decreased by 8.99% to CNY 1.62 in 2020 compared to CNY 1.78 in 2019[23]. - Diluted earnings per share fell by 9.60% to CNY 1.60 in 2020 from CNY 1.77 in 2019[23]. - The total profit was 293.85 million yuan, down 8.32% year-on-year[56]. - The net profit attributable to shareholders was 219.69 million yuan, a decline of 8.57% from the previous year[56]. - The company achieved operating revenue of 875.93 million yuan, a decrease of 5.34% compared to the previous year[56]. Assets and Liabilities - The company's net assets increased by 7.36% year-on-year, reaching 2,048,983,774.14 CNY by the end of 2020[21]. - The total assets rose to 2,235,639,118.06 CNY, marking a 6.77% increase compared to the end of 2019[21]. - The company's cash and cash equivalents increased by 142.35% at the end of the period, primarily due to the maturity of financial products[37]. - The company's goodwill increased by 63.14% due to the acquisition of an overseas company during the reporting period[37]. - The company's overseas assets amounted to 235.67 million yuan, accounting for 10.54% of total assets[37]. Cash Flow - The cash flow from operating activities was 196,800,703.12 CNY, down 17.42% from the previous year[21]. - The company reported a net cash flow from operating activities of CNY 126,177,232.58 in the fourth quarter of 2020[26]. - The net cash flow from operating activities decreased to approximately 19.68 million yuan, down from 23.83 million yuan in the previous year[75]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 7.50 CNY per 10 shares (including tax) and to convert 2 shares from capital reserves for every 10 shares held[5]. - The company distributed a cash dividend of 7.50 RMB per 10 shares, totaling 101,481,000 RMB, which represents 42.23% of the audited net profit attributable to shareholders for 2019[106]. - The company commits to a stable and proactive profit distribution policy, ensuring that cash distributions will not be less than 20% of the distributable profit for the year[107]. - The total number of shares for the 2020 dividend distribution is based on 135,885,000 shares, excluding 2,792,075 shares held in the repurchase account, resulting in a total cash dividend of 99,819,693.75 RMB[109]. Business Operations - The domestic book retail market saw a decline of 5.08% in 2020, marking the first negative growth in five years[35]. - The number of book titles selling over one million copies dropped from 49 in 2019 to 24 in 2020[35]. - The company continues to expand its international publishing platform by investing in overseas publishers and enhancing its copyright resources[34]. - The company launched 237 new self-owned copyright books during the reporting period, a decrease of 119 from 2019, with total revenue from this segment at 706.60 million yuan, down 1.59% year-on-year[46]. - The children's book segment generated revenue of 237.45 million yuan, an increase of 11.67% year-on-year, with a gross margin of 50.94%, up 0.70 percentage points[47]. - The company’s digital book segment saw revenue of 24.08 million yuan, a growth of 36.87% compared to the previous year, benefiting from partnerships with major platforms[51]. Risks and Challenges - The company does not foresee any significant risks that could materially affect its operations during the reporting period[8]. - The company faces risks from rising raw material prices, particularly paper, which may affect cost control in 2021[101]. - The ongoing COVID-19 pandemic in the U.S. and Europe poses a risk to the company's overseas business development[103]. - The company is addressing the risk of intellectual property infringement, which has become more severe with the rise of the internet and sharing platforms[102]. Governance and Compliance - The company has maintained a standard unqualified audit opinion from its accounting firm, ensuring the accuracy and completeness of its financial reports[4]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[124]. - The company has committed to avoid and reduce related party transactions, ensuring compliance with market principles and legal regulations[117]. - The company has established specialized committees within the board, including a strategy committee and an audit committee, to enhance decision-making processes[195]. Shareholder Information - The total number of ordinary shares before the changes was 135,308,000, with 81,000,000 shares being restricted shares[146]. - The largest shareholder, Chen Mingjun, holds 71,584,945 shares, representing 52.68% of the total shares, with 9,310,000 shares pledged[159]. - The total number of ordinary shareholders increased from 4,165 to 5,489 during the reporting period[157]. - The company has a total of 71,584,445 shares under lock-up conditions for Chen Mingjun, which will be released after 36 months from the listing date[162]. Employee and Management - The total number of employees in the parent company is 383, and the total number of employees in major subsidiaries is 36, resulting in a combined total of 419 employees[187]. - The company has implemented a competitive salary system, adjusting employee compensation upwards during the reporting period to attract and retain talent[189]. - The training program for employees has been enhanced, with an increase in training courses and a shift to online formats due to the COVID-19 pandemic, receiving positive feedback from employees[190]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.3617 million yuan[184].

Financial Performance - Operating income decreased by 5.46% to CNY 655,275,586.72 for the first nine months compared to the same period last year[8] - Net profit attributable to shareholders decreased by 13.76% to CNY 172,679,046.95 for the first nine months compared to the same period last year[8] - Basic earnings per share decreased by 14.19% to CNY 1.27 compared to the same period last year[8] - The weighted average return on equity decreased by 2.27 percentage points to 8.63% compared to the same period last year[8] - Net profit for the first three quarters of 2020 was CNY 23,378,714.11, up from CNY 21,035,561.14 in the same period of 2019, reflecting a growth of 11.1%[31] - The net profit for Q3 2020 was CNY 47,864,283.52, down 41.67% from CNY 81,934,995.64 in Q3 2019[34] - The total profit for Q3 2020 was CNY 59,444,197.06, a decrease of 45.85% compared to CNY 109,787,722.26 in Q3 2019[34] - The company's gross profit margin for Q3 2020 was approximately 44.4%, compared to 45.5% in Q3 2019[34] Cash Flow - Net cash flow from operating activities decreased by 51.37% to CNY 70,623,470.54 for the first nine months compared to the same period last year[8] - Cash flow from operating activities for the first nine months was ¥70,623,470.54, down 51.4% from ¥145,233,312.11 in the same period last year[39] - The net cash flow from operating activities for Q3 2020 was ¥69,841,496.03, a decrease of 41.4% compared to ¥119,117,772.61 in Q3 2019[42] - Cash and cash equivalents increased by ¥262,567,426.39, a growth of 71.16% compared to the beginning of the year, mainly due to the maturity of financial products at the end of the reporting period[14] - Cash and cash equivalents at the end of the period amounted to ¥622,204,200.16, an increase from ¥432,566,471.58 at the end of the previous year[40] - The company's cash and cash equivalents decreased to CNY 110,855,621.14 from CNY 120,041,788.92 year-over-year, representing a decline of 7.3%[26] Assets and Liabilities - Total assets increased by 3.60% to CNY 2,169,269,284.78 compared to the end of the previous year[8] - Total liabilities as of September 30, 2020, were ¥129,356,836.83, down from ¥156,332,272.08 at the end of 2019[23] - Total assets as of September 30, 2020, amounted to ¥2,169,269,284.78, compared to ¥2,093,953,198.64 at the end of 2019[22] - Total liabilities as of September 30, 2020, were CNY 58,409,758.26, a decrease of 5.5% from CNY 61,487,252.39 in the previous year[28] - The total assets as of Q3 2020 amounted to ¥2,093,953,198.64, remaining unchanged from the previous year[46] - The total liabilities were ¥156,506,614.33, consistent with the previous year[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,415[11] - The largest shareholder, Chen Mingjun, holds 52.58% of the shares, totaling 71,584,445 shares[11] - The company reported a total equity of CNY 2,039,912,447.95 as of September 30, 2020, up from CNY 1,937,446,584.31 at the end of 2019, indicating a growth of 5.3%[28] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,586,673.96 during the reporting period[9] - Other income for the first nine months of 2020 was ¥3,586,673.96, a decrease of 90.25% compared to the same period last year, mainly due to the absence of fiscal subsidies from the Tianjin Eco-City[16] Investment Activities - Net cash flow from investing activities for the first nine months of 2020 was ¥263,874,116.10, compared to -¥98,012,074.57 in the same period last year, mainly due to the redemption of financial products exceeding the amount paid[17] - Cash inflow from investment activities totaled ¥1,933,232,340.05, a decrease of 20.2% from ¥2,423,972,798.75 year-over-year[40] - The net cash flow from investment activities was -¥13,767,150.65, compared to -¥7,897,915.04 in Q3 2019, indicating a worsening investment cash flow situation[42] Research and Development - Research and development expenses for Q3 2020 were CNY 814,782.80, slightly down from CNY 850,276.31 in Q3 2019[31] - The company’s R&D expenses were not detailed in the provided data, indicating a focus on operational efficiency[35] - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming quarters[34] Foreign Exchange and Impairment Loss - The company experienced a foreign exchange loss of ¥6,083,447.01 during the reporting period[40] - The company reported a credit impairment loss of CNY 393,151.48 in Q3 2020, compared to a loss of CNY 84,764.91 in Q3 2019[34]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥437,285,268.83, a decrease of 7.75% compared to ¥474,043,500.37 in the same period last year[21] - The net profit attributable to shareholders of the listed company increased by 5.18% to ¥125,355,693.17 from ¥119,180,313.00 in the previous year[21] - The net cash flow from operating activities significantly decreased by 84.95%, amounting to ¥6,825,111.72 compared to ¥45,338,092.65 in the same period last year[21] - The total assets of the company at the end of the reporting period were ¥2,148,370,840.26, reflecting a 2.60% increase from ¥2,093,953,198.64 at the end of the previous year[21] - The net assets attributable to shareholders of the listed company increased by 3.17% to ¥1,969,019,787.39 from ¥1,908,509,382.30 at the end of the previous year[21] - Basic earnings per share for the first half of 2020 were ¥0.93, up 5.68% from ¥0.88 in the same period last year[22] - The weighted average return on net assets decreased by 0.34 percentage points to 6.32% from 6.66% in the previous year[22] - The company’s net profit attributable to shareholders was 125.36 million yuan, a year-on-year increase of 5.18%[38] - The company's total profit for the first half of 2020 was CNY 169,491,340.22, compared to CNY 157,856,778.95 in the same period of 2019, marking an increase of around 7.3%[132] - The basic and diluted earnings per share for the first half of 2020 were both CNY 0.93, compared to CNY 0.88 in the previous year, showing an increase of approximately 5.7%[132] Revenue Breakdown - The company achieved a revenue of 437.29 million yuan in the first half of 2020, a year-on-year decrease of 7.75% due to the divestment of book distribution and retail business in 2019[38] - The self-owned copyright literary books generated a revenue of 204.36 million yuan, down 9.15% year-on-year, while children's books saw a growth of 16.34%, reaching 117.38 million yuan[38] - Revenue from non-owned copyright books decreased by 25.08% year-on-year to CNY 48.32 million due to reduced sales from recommended reading materials during school closures caused by the pandemic[43] - The digital book business achieved revenue of CNY 12.65 million, a year-on-year increase of 24.43%, driven by increased demand during the pandemic[44] - The company's overseas business revenue grew by 39.26% year-on-year to CNY 20.96 million, primarily due to contributions from Boyds Mills Press and minedition acquisitions[45] Asset Management - The company’s cash and cash equivalents increased by 43.74% compared to the beginning of the period, mainly due to the maturity of financial products[30] - Accounts receivable increased by 98.18% compared to the beginning of the period, primarily due to delayed payments from downstream customers affected by the pandemic[30] - Goodwill increased by 134.46% compared to the beginning of the period, mainly due to the acquisition of an overseas company[30] - The company’s overseas assets amounted to 259.27 million yuan, accounting for 11.59% of total assets[30] - The company’s total assets at the end of the reporting period were 1,824,732,382.64 RMB[150] Cost Management - Total operating costs decreased to CNY 291,636,380.63 from CNY 330,899,295.61, reflecting a reduction of 11.85%[130] - Management expenses decreased by 31.73% to CNY 22.81 million, attributed to reduced stock incentive amortization and the divestment of PageOne bookstore and distribution business[47] Risks and Challenges - The company faced no significant risks that could materially affect its operations during the reporting period[7] - The company faces risks from intensified market competition, requiring continuous research on reader trends and updates to content interpretation, design, and marketing[67] - There is a risk related to potential changes in tax incentives, as the current VAT exemption for book wholesale and retail may not be extended beyond December 31, 2020[68] - The COVID-19 pandemic has significantly impacted the company, particularly with a notable decline in offline sales revenue due to slow recovery of physical bookstores[72] Corporate Governance - The controlling shareholders have pledged to regulate and reduce related party transactions, ensuring compliance with market principles and legal requirements[84] - The company has established measures to stabilize its stock price, including potential stock buybacks if the stock price falls below the net asset value per share for 20 consecutive trading days[85] - The company will compensate investors for any losses incurred due to false statements or omissions in the prospectus, including a commitment to repurchase shares if necessary[86] - The company has retained Lixin Accounting Firm for the 2020 financial audit, with fees to be determined based on the audit work[90] - The company and its controlling shareholders have maintained a good integrity status, with no outstanding court judgments or significant debts due[90] Shareholder Information - The total number of shares increased from 135,308,000 to 136,145,000, reflecting a change of 837,000 shares, which is an increase of 0.62%[102] - The largest shareholder, Chen Mingjun, holds 71,584,445 shares, accounting for 52.58% of total shares[109] - The second-largest shareholder, Shanghai Zhixin New Economy Phase I Equity Investment Partnership, holds 7,634,100 shares, representing 5.61% of total shares[109] - The total number of shareholders reached 4,120 by the end of the reporting period[106] Financial Audit and Compliance - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial status accurately[167] - The company's accounting period runs from January 1 to December 31 each year[168] - The company has not disclosed any additional necessary information as per regulatory requirements[104] Investment Activities - The company received RMB 600,000,000.00 from investment recoveries, a decrease of 59.5% from RMB 1,480,600,000.00 in the same period last year[141] - The company reported a cash inflow of RMB 36,233,730.00 from new investments during the first half of 2020[138] Equity Structure - The total equity attributable to the parent company at the end of the previous year was CNY 1,937,446,584.31, with a beginning balance for the current year of CNY 1,937,446,584.31[145] - The total comprehensive income for the current period amounted to CNY 127,745,504.79, reflecting an increase from the previous period[145] - The total owner's equity at the end of the current period is CNY 1,999,041,251.45, showing growth compared to the previous year[146]

Financial Performance - Operating revenue decreased by 13.81% to CNY 190,628,589.00 compared to the same period last year[8] - Net profit attributable to shareholders increased by 4.81% to CNY 58,508,412.74 compared to the same period last year[8] - Basic earnings per share increased by 4.88% to CNY 0.43 compared to the same period last year[8] - Total operating revenue for Q1 2020 was ¥190,628,589, a decrease of 13.8% compared to ¥221,162,848 in Q1 2019[28] - Net profit for Q1 2020 reached ¥59,283,437, representing an increase of 3.8% from ¥57,097,695 in Q1 2019[29] - Basic earnings per share for Q1 2020 were ¥0.43, up from ¥0.41 in Q1 2019[29] - Investment income for Q1 2020 was ¥7,802,044, a decrease from ¥8,305,507 in Q1 2019[28] - Operating profit for Q1 2020 was ¥78,095,791, an increase of 4.4% compared to ¥74,458,030 in Q1 2019[28] Assets and Liabilities - Total assets increased by 4.56% to CNY 2,189,349,699.26 compared to the end of the previous year[8] - Current liabilities rose to ¥191,623,025.70, compared to ¥156,332,272.08, marking an increase of about 22.56%[21] - Total liabilities increased to ¥191,790,322.96 from ¥156,506,614.33, indicating a rise of approximately 22.53%[22] - Total equity reached ¥1,997,559,376.30, up from ¥1,937,446,584.31, reflecting an increase of around 3.13%[22] - The company's total equity attributable to shareholders rose to ¥1,967,834,417.08 from ¥1,908,509,382.30, an increase of around 3.10%[22] - The total current assets were CNY 1,256,109,745.60, showcasing a solid liquidity position[46] - Non-current assets totaled CNY 618,987,181.98, with long-term equity investments at CNY 614,995,534.74[47] Cash Flow - Net cash flow from operating activities decreased by 68.56% to CNY 14,194,074.19 compared to the same period last year[8] - Net cash flow from operating activities for Q1 2020 was 14,194,074.19 RMB, down from 45,151,519.23 RMB in the same period last year, mainly due to delayed payments from customers[17] - The total cash inflow from operating activities was ¥46,965,037.59, down 64.3% from ¥131,611,971.14 in Q1 2019[37] - The total cash outflow from operating activities was ¥57,915,950.63, a decrease of 31.2% compared to ¥84,293,309.34 in the same period last year[37] - The net cash flow from investment activities was ¥222,679,938.52, a significant recovery from a negative cash flow of ¥232,218,254.75 in Q1 2019[34] - Cash and cash equivalents increased by 237,688,807.28 RMB, a growth of 64.42%, mainly due to the maturity of financial products at the end of the reporting period[13] Shareholder Information - The total number of shareholders was 4,200 at the end of the reporting period[10] - The largest shareholder, Chen Mingjun, holds 52.90% of the shares, totaling 71,584,445 shares[10] Other Financial Metrics - The weighted average return on net assets decreased by 0.13 percentage points to 3.02% compared to the same period last year[8] - The company reported a non-recurring profit of CNY 7,248,760.88 during the reporting period[9] - Other comprehensive income after tax for Q1 2020 was 829,354.65 RMB, an increase of 166.18% compared to the same period last year, primarily due to foreign currency translation adjustments[16] - The company reported a significant increase in credit impairment losses due to the rise in accounts receivable, amounting to -814,848.28 RMB for Q1 2020[15] - Management expenses for Q1 2020 were 8,977,118.56 RMB, a decrease of 37.23% compared to the same period last year, mainly due to reduced expenses related to certain business operations[15]

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of RMB 240,280,588.57, a decrease of 0.22% compared to RMB 240,814,176.91 in 2018[5]. - The total revenue for 2019 was RMB 925,324,579.65, showing a slight decline of 0.08% from RMB 926,050,369.00 in the previous year[21]. - Basic earnings per share for 2019 was CNY 1.78, a decrease of 0.56% compared to 2018[22]. - Diluted earnings per share remained stable at CNY 1.77, unchanged from 2018[22]. - The weighted average return on equity decreased to 13.17%, down 1.82 percentage points from 2018[22]. - The company achieved total revenue of 925.32 million yuan, a slight decrease of 0.08% compared to the previous year[56]. - The net profit attributable to shareholders was 240.28 million yuan, down 0.22% year-on-year[56]. - The gross profit margin for general books was 45.13%, an increase of 0.13 percentage points year-over-year[66]. - The company’s gross profit margin for its main business was 45.50%, down 0.77 percentage points from the previous year[56]. Cash Flow and Assets - The company's operating cash flow net amount for 2019 was RMB 238,321,056.94, a significant improvement from a negative cash flow of RMB 17,205,526.21 in 2018[21]. - As of the end of 2019, the total assets reached RMB 2,093,953,198.64, reflecting a growth of 5.51% from RMB 1,984,597,614.75 at the end of 2018[21]. - The net cash flow from operating activities improved significantly to CNY 238,321,056.94, an increase of 1,485.14% compared to the previous year[62]. - The company reported a net cash flow from investment activities of CNY -261,323,884.01, a decline from CNY 314,416,804.66 in the previous year, mainly due to higher investment payments[63]. - The company’s total assets increased by 5.51% year-on-year, reaching 2,093.95 million yuan[56]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 7.50 per 10 shares, based on a total share capital of 135,308,000 shares as of December 31, 2019[5]. - The cash dividend for 2019 represents 42.23% of the net profit attributable to shareholders, compared to 33.71% in 2018[116]. - The company commits to a stable profit distribution policy, ensuring that cash dividends will not be less than 20% of the distributable profit each year[115]. - The company plans to present a three-year shareholder return plan (2020-2022) at the 2019 annual general meeting[115]. Market and Industry Insights - The Chinese book retail market reached CNY 102.27 billion in 2019, reflecting a year-on-year growth of 14.4%[33]. - The number of new books published in 2019 decreased to 194,000, a decline of 6.7% from the previous year[34]. - Online bookstores saw a sales increase of 24.9%, while physical bookstores experienced a decline of 4.24% in sales[34]. - Revenue from self-owned children's books reached 212.64 million yuan, representing a year-on-year growth of 25.86%[50]. - The overseas business generated revenue of 34.92 million yuan, a significant increase of 94.23% compared to the previous year[52]. Operational Developments - The company launched 356 new self-owned copyright book varieties in 2019, including 263 new titles and 93 reprints, generating an operating income of 752.91 million yuan, which represents an 8.87% increase year-on-year[45]. - The company’s self-owned copyright literature books generated an operating income of 444.49 million yuan, with a year-on-year growth of 0.42%[47]. - The company’s overseas publishing business has seen good development, with the acquisition of Boyds Mills Press, resulting in over 1,400 works and global rights for more than 600 authors and illustrators[40]. - The company has adjusted its organizational structure to enhance operational efficiency and promote team growth[58]. Risk Management and Compliance - There were no significant risks that materially affected the company's operations during the reporting period[7]. - The company emphasizes adherence to market principles in related party transactions to protect the interests of minority shareholders[124]. - The company will continue to avoid any competition with its major shareholders and related parties, ensuring a focus on its core business[123]. - The company has committed to avoid and minimize related party transactions, ensuring fairness and transparency in any unavoidable transactions[125]. Corporate Governance - The company has a structured process for determining the remuneration of its directors and senior management, which includes board approval and shareholder ratification[180]. - The company has not faced any penalties from securities regulatory agencies in the past three years[182]. - The company’s board includes key figures such as Chen Mingjun and Chen Liping, who hold significant positions in various affiliated companies[168]. - The company has implemented a stock incentive plan with a lock-up period of 12, 24, and 36 months for certain employees[164]. Employee and Talent Management - The company recruited 129 new employees and interns from prestigious universities, enhancing its talent pool and organizational capabilities[39]. - The total number of employees in the parent company and major subsidiaries is 389, with 368 in the parent company and 21 in subsidiaries[183]. - The company has a total of 145 employees with a postgraduate degree or higher, representing approximately 37.2% of the workforce[183]. - In 2019, the company enhanced its training programs, resulting in a higher number of training sessions and participants, focusing on both new hires and middle management[186]. Social Responsibility and Environmental Impact - The company actively fulfilled its corporate social responsibility, with the 2019 Corporate Social Responsibility Report published on April 22, 2020[151]. - There were no significant changes in the company's environmental information disclosure during the reporting period[152].

Financial Performance - Operating revenue for the first nine months was ¥693,096,888.97, reflecting a growth of 2.53% year-on-year[7] - Net profit attributable to shareholders for the first nine months was ¥200,226,907.69, up by 7.02% compared to the same period last year[7] - Basic earnings per share increased to ¥1.48, representing a growth of 6.47% year-on-year[8] - The company reported a net profit of ¥158,782,528.03 for the third quarter, an increase of 6.52% year-on-year[7] - Total operating revenue for Q3 2019 was CNY 219,053,388.60, a decrease of 5.5% compared to CNY 231,503,266.00 in Q3 2018[28] - Net profit for Q3 2019 reached CNY 81,934,995.64, an increase of 3.6% from CNY 79,088,003.61 in Q3 2018[29] - The total profit before tax for Q3 2019 was CNY 109,787,722.26, an increase of 5.4% from CNY 103,683,170.11 in Q3 2018[29] Cash Flow - The net cash flow from operating activities for the first nine months was ¥145,233,312.11, a significant recovery from a loss of ¥12,016,691.22 in the same period last year[7] - Cash flow from operating activities for the first nine months of 2019 was ¥676,761,898.69, up from ¥568,126,982.86 in the same period of 2018, representing an 18.9% increase[36] - Net cash flow from operating activities for the first nine months of 2019 was CNY 119,117,772.61, compared to a negative cash flow of CNY -2,458,366.17 in the same period of 2018[40] - Cash inflow from investment activities in Q3 2019 totaled CNY 2,423,897,686.43, up from CNY 1,930,582,813.06 in Q3 2018, indicating a growth of about 25.6%[37] - The net cash flow from financing activities for the first nine months of 2019 was CNY -81,184,800.00, worsening from CNY -51,869,280.00 in the same period of 2018[41] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,064,221,787.91, an increase of 4.01% compared to the end of the previous year[7] - The total liabilities decreased from CNY 204,071,810.15 to CNY 156,200,268.97, reflecting a reduction of approximately 23.5%[22] - The equity attributable to shareholders rose from CNY 1,744,571,147.50 to CNY 1,878,245,240.88, marking an increase of around 7.7%[22] - The company's current assets totaled CNY 1,950,970,228.95, compared to CNY 1,826,693,701.86 at the end of 2018, indicating an increase of about 6.8%[20][22] - The total liabilities to equity ratio improved from 0.114 to 0.082, indicating a stronger financial position[22] Shareholder Information - Total number of shareholders is 4,158[13] - The largest shareholder, Chen Mingjun, holds 71,584,445 shares, representing 52.9% of total shares, with 9,050,000 shares pledged[13] Research and Development - R&D expenses for the first nine months of 2019 were ¥2,500,701.78, a decrease of 34.54% year-on-year due to reduced labor costs[16] - Research and development expenses for Q3 2019 were CNY 850,276.31, a significant decrease of 47.5% from CNY 1,620,845.71 in Q3 2018[28] Other Financial Metrics - Non-recurring gains and losses included government subsidies amounting to ¥36,643,377.67, closely related to normal business operations[9] - The company reported a significant increase in asset impairment losses, which rose by 313.01% to -¥1,687,418.96, primarily due to increased inventory write-downs[17] - Other comprehensive income increased by ¥2,027,469.49, a growth of 96.38%, mainly due to foreign currency translation differences[15]