Financial Performance - The company's operating revenue for the first half of 2021 reached approximately CNY 1.48 billion, a significant increase of 1,239.73% compared to CNY 110.13 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 201.16 million, a turnaround from a loss of CNY 298.43 million in the previous year, representing an increase of 167.41%[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 184.43 million, compared to a loss of CNY 359.93 million in the same period last year, marking an increase of 151.24%[21]. - The net cash flow from operating activities was CNY 419.23 million, a substantial improvement from a negative cash flow of CNY 6.05 million in the previous year, reflecting a growth of 7,028.84%[21]. - The total assets of the company at the end of the reporting period were approximately CNY 5.90 billion, an increase of 66.99% from CNY 3.54 billion at the end of the previous year[21]. - The company's operating revenue increased by 1239.73% year-on-year to CNY 1.475 billion, while operating costs rose by 135.39% to CNY 1.082 billion[37]. - The company reported an operating profit of CNY 225,750,213.20 for the first half of 2021, compared to an operating loss of CNY 339,191,389.36 in the same period of 2020[95]. - The company reported a total of ¥350,000,000.00 in trading financial assets, down from ¥500,000,000.00, indicating a decrease of 30%[86]. - The total liabilities amounted to CNY 3,863,877,596.51, while total equity was CNY 1,545,350,673.17 as of the end of the first half of 2021[92]. Box Office and Market Performance - The company achieved box office revenue of 1.085 billion yuan in the first half of 2021, representing a year-on-year increase of 1,323.43% but a 12% decrease compared to the same period in 2019[26]. - The market share of the company's asset-linked cinemas reached 3.69%, with 26.6054 million admissions recorded in direct-operated cinemas[26]. - The Chinese film market's total box office in the first half of 2021 was 27.6 billion yuan, recovering nearly 90% compared to the same period in 2019[28]. - Domestic films accounted for 80.80% of the total box office in the first half of 2021, with 202 domestic films released, generating 22.3 billion yuan in revenue[29]. - The company is focusing on expanding its presence in lower-tier cities, where box office contributions increased by 6 percentage points compared to 2019, reaching 48.1%[30]. Cinema Operations and Expansion - The company opened 19 new direct-operated cinemas and added 121 screens in the first half of 2021, bringing the total to 467 operating cinemas and 2,903 screens[26]. - As of the end of the reporting period, the company operated 385 self-owned cinemas, with 70% located in third to fifth-tier cities, aligning with the growth trends in these markets[32]. - The company has invested in 385 asset-linked cinemas with 2,431 screens, ranking third among cinema investment companies in terms of box office revenue[32]. - The company has implemented a standardized management system for cinema operations, enhancing operational efficiency and brand image[32]. - The company plans to upgrade existing cinemas with advanced technologies such as "Dolby Atmos" and "4D" to enhance viewer experience[35]. Financial Position and Assets - The company's net assets attributable to shareholders decreased by 10.43% to CNY 1.68 billion from CNY 1.87 billion at the end of the previous year[21]. - The company's long-term equity investments were valued at ¥67,207,528.49, a decrease of 17.44% from the beginning of the year[43]. - The total equity attributable to shareholders decreased to ¥1,679,214,394.86 from ¥1,874,845,723.51, a decline of about 10.4%[88]. - The total non-current assets reached ¥4,062,871,999.20, a significant increase from ¥1,648,943,036.02, representing a growth of approximately 146.5%[87]. Risks and Challenges - The company faces intensified market competition, with a rapid increase in cinema numbers and potential rises in commercial real estate rents and personnel costs[45]. - The supply of quality films remains a significant risk, with only 7 films surpassing ¥1 billion in box office revenue in the first half of 2021, indicating a lack of high-quality film supply[46]. - The company acknowledges the risk of public health emergencies affecting cinema operations, which could impact short-term performance but not long-term profitability[48]. - Regulatory scrutiny in the film industry is increasing, potentially affecting the ability to obtain necessary permits for film distribution and exhibition[48]. Corporate Governance and Shareholder Information - The company held its 2020 annual general meeting on April 13, 2021, where several key reports were approved, including the 2020 annual financial report[53]. - The company appointed new executives, including Kong Zhenggang as Vice General Manager and Board Secretary, and Pan Feng as Chief Financial Officer[54]. - The actual controller and major shareholders have made commitments to avoid competition with the company, ensuring no direct or indirect engagement in similar businesses[62]. - The company has committed to avoiding and reducing related party transactions, ensuring that transactions with independent third parties are conducted fairly and at market prices[63]. - The total number of ordinary shareholders at the end of the reporting period was 18,734[76]. Accounting Policies and Financial Reporting - The financial statements have been approved by the board of directors on August 20, 2021[120]. - The company applies the accounting treatment for business combinations under common control and non-common control[130]. - The company recognizes identifiable assets and liabilities at fair value in non-common control business combinations from the acquisition date[132]. - Revenue is recognized when the customer obtains control of the relevant goods or services, which is determined by the ability to dominate the use and obtain almost all economic benefits[198]. - The company uses the expected cumulative benefit unit method to determine the obligations arising from defined benefit plans, which are recognized in the current profit and loss or related asset costs[194].

2021 年第一季度报告 公司代码：603103 公司简称：横店影视 横店影视股份有限公司 2021 年第一季度报告 1 / 25 2021 年第一季度报告 一、 二、 11Í 四、 | --- | --- | |----------------|-------| | 目录 | | | 重要提示 . | | | 公司基本情况 . | | | 重要事项 . | | | 附录 . | | 2 / 25 2021 年第一季度报告 单位：元 币种：人民币 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 公司负责人徐天福、主管会计工作负责人潘锋及会计机构负责人（会计主管人员）刘广仁保 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 主要财务数据 | --- | --- | --- | --- | |------------------------------------------ ...

Financial Performance - The net profit attributable to the parent company's shareholders for 2020 was RMB -480,525,769.65, with accumulated undistributed profits of RMB 525,232,637.92[6]. - In 2020, the company's operating revenue was approximately ¥989.73 million, a decrease of 66.27% compared to 2019[27]. - The net profit attributable to shareholders was a loss of approximately ¥480.53 million, representing a decline of 259.85% year-over-year[27]. - The net cash flow from operating activities was negative at approximately ¥9.94 million, a decrease of 101.78% compared to the previous year[27]. - The company's net assets decreased by 26.22% to approximately ¥1.87 billion at the end of 2020[27]. - The weighted average return on equity dropped by 34.1 percentage points to -21.39% in 2020[30]. - The basic earnings per share for 2020 was -¥0.76, a decline of 261.70% compared to 2019[30]. - The company reported a significant impact on revenue due to the COVID-19 pandemic, with all cinemas closed from January 24 to July 20, 2020[32]. - The company achieved a total box office revenue of 810 million RMB, a year-on-year decrease of 67.61%, with asset-linked cinemas contributing 697 million RMB, down 67.43%[41]. - The company experienced a quarterly revenue increase in Q4 2020, reaching approximately ¥563.15 million, compared to lower revenues in the earlier quarters[35]. Profit Distribution and Dividend Policy - The company plans not to distribute profits or increase capital reserves for the year 2020, considering the operational plans and funding needs for 2021[6]. - The company did not propose any profit distribution for the year 2020, nor did it plan to increase capital reserves or distribute profits in other forms[107]. - In 2019, the company distributed cash dividends totaling RMB 108,448,200.00, which represented 35.04% of the net profit attributable to shareholders[108]. - The company’s cash dividend policy stipulates that annual cash distributions should not be less than 10% of the distributable profits for that year[104]. - The company aims to maintain a stable dividend distribution policy, prioritizing cash dividends when conditions allow[104]. - The company’s cash dividend distribution for the last three years must not be less than 30% of the average annual distributable profits for those years[104]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements related to its operational and strategic plans[7]. - The company has detailed risk factors in the fourth section of the report, highlighting potential operational challenges[8]. - The company acknowledges the risk of public health emergencies affecting cinema operations, which could impact short-term performance but not long-term profitability[99]. - The company faces risks from intensified market competition and the potential impact of new media on traditional cinema attendance[94]. - The supply of quality films is a significant risk, as only four domestic films surpassed 1 billion yuan in box office revenue in 2020[97]. Operational Changes and Strategies - The company has strategically expanded into lower-tier cities, with 70% of its cinemas located in third to fifth-tier cities, aligning with the growth trends in these markets[47]. - The company established a pandemic response mechanism, achieving a cinema reopening rate of 71% in the first week after lockdown, with full reopening by the fifth week[53]. - The company plans to continue upgrading old cinemas and investing in advanced projection technologies to improve the viewing experience[56]. - The company is transitioning from a cinema line to a "film company" by expanding into upstream film production and distribution through acquisitions[57]. - The company plans to optimize cinema layout through both internal growth and external acquisitions, focusing on high-quality project development and strategic mergers[90]. Management and Governance - The company has a professional management team with extensive experience in project development, cinema construction, and market marketing, which is crucial for its growth[50]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 469.66 million CNY[183]. - The chairman, Xu Tianfu, received a pre-tax remuneration of 1.81 million CNY during the reporting period[183]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while senior management remuneration is decided by the board of directors[196]. - The company has no reported penalties from securities regulatory agencies in the past three years[200]. Financial Products and Investments - The company has entrusted its own funds amounting to ¥1,120,000,000.00 in financial products, with an outstanding balance of ¥500,000,000.00[138]. - The company has consistently achieved recoveries across various financial products, indicating effective management of investments[140]. - The total amount of wealth management products issued by the company reached 1,000,000,000.00 with various interest rates ranging from 1.54% to 4.80%[145]. - The company continues to expand its wealth management product offerings, reflecting a commitment to market growth and customer engagement[145]. Market Overview - The total box office revenue in China for 2020 was 204.17 billion yuan, a 70% decrease year-on-year, with domestic films contributing 170.93 billion yuan, accounting for 83.72% of the total[86]. - The number of cinema screens in China reached 75,581 by the end of 2020, an increase of 10.35% year-on-year, while the number of cinemas grew by 5.79% to 13,126[81]. - The total number of moviegoers in China was 548 million in 2020, a decline of 68% year-on-year[86]. - The box office for the summer season reached 36.16 billion yuan, contributing 17.8% to the annual total, indicating a strong recovery in consumer demand[81]. Shareholding Structure - The total number of ordinary shareholders at the end of the reporting period was 17,797, down from 23,954 at the end of the previous month[167]. - The largest shareholder, Hengdian Group Holdings Co., Ltd., held 509,600,000 shares, representing 80.35% of the total shares[167]. - The company has no strategic investors or general legal entities that became top 10 shareholders due to new share placements[171]. - The company has no significant changes in shareholding structure among major shareholders during the reporting period[180].

Financial Performance - Net profit attributable to shareholders was CNY -368,040,458.07, representing a decline of 241.31% year-on-year[18]. - Operating revenue for the first nine months was CNY 399,136,082.72, down 81.27% from CNY 2,131,179,093.25 in the same period last year[18]. - The company's operating revenue for the third quarter of 2020 was RMB 399.14 million, a decrease of 81.27% compared to RMB 2.13 billion in the same period last year, primarily due to the impact of the pandemic[30]. - The company anticipates a potential loss in cumulative net profit for 2020 compared to the previous year, primarily due to the impact of COVID-19 on cinema operations[32]. - The company reported a total profit of -¥61,253,751.95 for Q3 2020, significantly lower than the profit of ¥115,008,626.84 in Q3 2019[55]. - The net profit for Q3 2020 was a loss of approximately ¥58.94 million, compared to a profit of ¥82.11 million in Q3 2019[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,109,789,395.61, a decrease of 9.87% compared to the end of the previous year[18]. - Total liabilities increased from CNY 1,063,049,584.70 to CNY 1,198,999,048.05, representing a rise of approximately 12.8%[43]. - Current liabilities increased from CNY 841,726,136.55 to CNY 973,992,293.56, representing a rise of about 15.7%[41]. - Total equity decreased from CNY 2,387,279,005.63 to CNY 1,910,790,347.56, a decline of about 20%[43]. - The company’s financial assets decreased by 67.39% to RMB 300 million from RMB 920 million, mainly due to a reduction in financial products[30]. - The total amount of other payables was approximately $465.68 million, which includes interest payable[86]. Cash Flow - The net cash flow from operating activities was CNY 630,096.03, a significant drop of 99.87% compared to CNY 487,077,974.45 in the previous year[18]. - The company reported a cash inflow from operating activities of approximately ¥652.70 million for the first three quarters of 2020, down from ¥2.41 billion in the same period of 2019[65]. - The total cash inflow from operating activities was 608,810,027.18 RMB, down from 2,223,875,110.62 RMB in the same period last year[70]. - The cash outflow for purchasing goods and services was 304,452,628.28 RMB, compared to 1,212,314,144.71 RMB in the previous year[70]. - The net cash flow from investment activities was 547,569,803.78 RMB, recovering from a negative cash flow of -93,103,142.53 RMB in the previous year[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,832[24]. - The largest shareholder, Hengdian Group Holding Co., Ltd., held 80.35% of the shares[24]. - Basic and diluted earnings per share were both CNY -0.58, a decrease of 241.46% from CNY 0.41 in the previous year[18]. Government Support - Government subsidies recognized in the current period amounted to CNY 25,484,122.71, contributing to the overall financial performance[21]. - The company received government subsidies amounting to RMB 62.53 million, an increase of 121.58% compared to the previous year, contributing to its operating income[32]. Market Performance - The total box office for the Chinese film market in the first three quarters of 2020 was RMB 7.563 billion, a decrease of 84.20% year-on-year, with total attendance down 82.20% to 228 million[28]. - As of September 30, 2020, the company opened 16 new direct-operated cinemas and added 102 screens, achieving box office revenue of RMB 238.24 million, with a market share of 4.32% and 7.46 million viewers[30]. - For the first nine months of 2020, the company operated 369 direct-operated cinemas with 2,326 screens, generating cumulative box office revenue of RMB 301.67 million, a market share of 3.99%, and 9.70 million viewers[30]. Operational Costs - Total operating costs for Q3 2020 were ¥388,494,068.07, down 39.9% from ¥645,471,655.44 in Q3 2019[52]. - The gross profit margin for Q3 2020 was negative, with operating costs amounting to ¥275.19 million against revenues of ¥253.76 million[60]. Other Financial Metrics - The weighted average return on equity decreased by 28.39 percentage points to -16.98%[18]. - Non-recurring gains and losses totaled CNY 20,367,084.69 for the current period[24]. - Research and development expenses were not specified in the report, indicating a potential area for future focus[52].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥98,121,682.35, a decrease of 92.92% compared to ¥1,386,176,450.20 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥306,463,266.30, down 276.9% from ¥173,238,628.72 in the previous year[20]. - The net cash flow from operating activities was -¥124,301,499.06, a decline of 151.19% compared to ¥242,803,925.64 in the same period last year[20]. - The company's box office revenue for the first half of 2020 was 76.19 million yuan, a decrease of 93.82% year-on-year, with 63.44 million yuan from direct-operated cinemas and 12.76 million yuan from franchised cinemas[30]. - The total box office in mainland China for the first half of 2020 was 2.246 billion yuan, down 92.8% from 31.17 billion yuan in the same period last year[32]. - The number of moviegoers in mainland China dropped to 6 million in the first half of 2020, a decrease of 92.6% from 80.8 million in the previous year[32]. - The company's operating revenue for the first half of 2020 was approximately ¥98.12 million, a decrease of 92.92% compared to ¥1.39 billion in the same period last year due to the impact of the COVID-19 pandemic[49]. - The company reported a significant decline in net profit and operating income due to the COVID-19 pandemic, with all cinemas closed from January 24, 2020, and a gradual reopening starting July 20, 2020[60]. - The company reported a significant decrease in undistributed profits from CNY 1,032,450,708.50 to CNY 617,539,242.20, a decline of about 40.1%[111]. - The total comprehensive income for the first half of 2020 was CNY -262,836,928.57, contrasting with CNY 156,381,145.91 in the previous year, reflecting a significant downturn[129]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,042,995,213.67, a decrease of 11.81% from ¥3,450,328,590.33 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥1,972,367,539.33, down 17.38% from ¥2,387,279,005.63 at the end of the previous year[20]. - Cash and cash equivalents decreased by 33.53% compared to the end of the previous year, primarily due to cinema closures and reduced revenue[35]. - Accounts receivable decreased by 65.42% year-on-year, mainly due to the collection of advertising fees during the reporting period[35]. - The company's total current assets as of June 30, 2020, amounted to ¥1,321,619,987.10, a decrease from ¥1,629,022,689.01 at the end of 2019[106]. - Total liabilities increased from CNY 1,063,049,584.70 to CNY 1,070,627,674.34, an increase of approximately 0.7%[111]. - Total equity attributable to shareholders decreased from CNY 2,387,279,005.63 to CNY 1,972,367,539.33, a decline of about 17.4%[111]. Operational Changes and Strategies - The company has established a comprehensive pandemic prevention mechanism and prepared for reopening by implementing strict health measures and guidelines[44]. - The company has optimized its cinema projects, focusing on quality and performance, and has implemented a closure management system for underperforming cinemas[46]. - The company has adjusted its operational strategies to focus on cost reduction and efficiency improvements, including lowering rental costs and managing cash flow more effectively[45]. - The company anticipates a recovery in audience enthusiasm for cinema viewing as the pandemic situation improves, despite the challenges faced[34]. - The company is positioned as a leading private cinema investment company in China, focusing on asset-linked cinema investments and expanding into lower-tier cities[36]. Shareholder and Governance Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring shareholder stability[74]. - The controlling shareholder has issued a commitment to avoid any direct or indirect competition with the company's main business, effective since May 27, 2016, and remains valid indefinitely[76]. - The company has established strict guidelines for related party transactions, ensuring they are conducted at fair market prices and comply with legal procedures[79]. - The company has committed to measures to mitigate the dilution of immediate returns, including restrictions on personal consumption and linking compensation to the execution of these measures[82]. - The company has a plan to compensate investors for any losses incurred due to misleading information in the IPO prospectus, with a focus on protecting minority investors[80]. Market and Industry Context - The pandemic has accelerated the industry reshuffle, with many small cinemas facing financial difficulties and potential closures, benefiting larger cinema chains[34]. - The company faces risks from intensified market competition, with a rapid increase in cinema numbers and potential rises in rental and personnel costs[61]. - The company is at risk of losing quality film supply due to production halts during the pandemic, which could impact box office revenues[64]. Financial Reporting and Compliance - The company’s financial statements comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[170]. - The company prepares consolidated financial statements based on control, including itself and all subsidiaries[175]. - The company recognizes cash equivalents as short-term, highly liquid investments that are easily convertible to known amounts of cash[186]. - The company has not reported any major contracts or guarantees during the reporting period, indicating a conservative approach to financial commitments[92]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding during the reporting period[86].

证券代码：603103 证券简称：横店影视 公告编号：2020-020 横店影视股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日 活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者特别是中小投资者的沟通交流，横店影视股份有限公 司（以下简称"公司"）将参加由浙江证监局指导、浙江上市公司协会与深圳市 全景网络有限公司共同举办的"凝心聚力 共克时艰"辖区上市公司投资者网上 集体接待日主题活动。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net)参与公 司本次投资者网上接待日活动。网上互动交流时间为2020年5月15日（星期五） 15:00-17:00。 届时，公司总经理张义兵先生、财务总监沈俊玲女士、董事会秘书潘锋先生 及相关工作人员将通过网络远程方式，与投资者就公司治理、发展战略、经营情 况、可持续发展等投资者所关注的问题进行沟通与交流。（如遇特殊情况，参与 人 ...

2020 年第一季度报告 公司代码：603103 公司简称：横店影视 横店影视股份有限公司 2020 年第一季度报告 1 / 20 2020 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 20 2020 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 公司全体董事出席董事会审议季度报告。 1.3 公司负责人徐天福、主管会计工作负责人沈俊玲及会计机构负责人（会计主管人员）潘锋保 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 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------|----------- ...

2019 年年度报告 公司代码：603103 公司简称：横店影视 横店影视股份有限公司 2019 年年度报告 1 / 174 2019 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人徐天福、主管会计工作负责人沈俊玲及会计机构负责人（会计主管人员）潘锋声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 以 2019 年 12 月 31 日的公司总股本 634,200,000 股为基数，向全体股东每 10 股派发现金红 利 1.71 元（含税），合计派发现金红利 108,448,200.00 元（含税）。该议案已经公司第二届董 事会第九次会议审议通过，尚需提交公司 2019 年度股东大会审议批准。 六、 前瞻性陈述的风险声明 √适用 □不适用 本年度报告中有涉及公司经营和发展战略等未来计划的前 ...

2019 年第三季度报告 公司代码：603103 公司简称：横店影视 横店影视股份有限公司 2019 年第三季度报告 1 / 23 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 23 2019 年第三季度报告 单位：元 币种：人民币 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 公司负责人徐天福、主管会计工作负责人沈俊玲及会计机构负责人（会计主管人员）潘锋保 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 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|------------------------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,386,176,450.20, a decrease of 5.41% compared to CNY 1,465,386,297.99 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 173,238,628.72, down 23.76% from CNY 227,234,208.85 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 131,876,187.69, a decline of 33.6% compared to CNY 198,608,637.68 in the same period last year[22]. - The net cash flow from operating activities was CNY 242,803,925.64, which is a decrease of 31.35% from CNY 353,695,004.05 in the previous year[22]. - Basic earnings per share for the first half of 2019 were CNY 0.27, a decrease of 25% from CNY 0.36 in the same period last year[22]. - The weighted average return on net assets was 7.61%, down 3.28 percentage points from 10.89% in the previous year[22]. - The company achieved box office revenue of RMB 1.233 billion, a year-on-year decrease of 7.57%, with revenue from asset-linked cinemas at RMB 1.051 billion, down 7.97%[27]. - The total box office in China's film market for the first half of 2019 was RMB 31.17 billion, a year-on-year decline of 2.7%[30]. - The company reported a net cash flow from operating activities of approximately 243 million RMB, a decrease of 31.35% compared to the previous year[46]. - The company reported a significant increase in long-term equity investments from ¥47,674,085.73 to ¥79,376,384.39, representing a growth of approximately 66.5%[111]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,226,908,518.90, showing no significant change compared to CNY 3,226,926,004.80 at the end of the previous year[22]. - The total liabilities decreased to CNY 975,902,147.38 from CNY 1,036,814,262.00, a reduction of approximately 5.9%[113]. - The company's total equity increased to ¥2,251,006,371.52 from ¥2,190,111,742.80, reflecting a growth of about 2.8%[113]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥439,097,040.49, representing 13.61% of total assets, a 94.81% increase compared to the previous period[49]. - Accounts receivable increased to ¥39,622,378.58, which is 1.23% of total assets, reflecting a 25.30% rise due to increased advertising receivables[49]. Market and Operational Insights - The total number of cinemas operated by the company reached 424, with 2,653 screens, including 340 asset-linked cinemas and 2,138 screens[27]. - The number of cinema openings in the first half of 2019 decreased by 22% year-on-year, with 722 new cinemas opened[30]. - The company ranks third in box office revenue among film investment companies, with 31.1 million moviegoers recorded in its direct cinemas[27]. - The company operates 340 self-owned cinemas and has 270 signed cinema reserve projects, with 70% of these located in third to fifth-tier cities, aligning with the growth trends in these markets[36]. - Non-ticket revenue reached 374 million RMB, accounting for 27% of total revenue, with a year-on-year growth of 2.47%[41]. Strategic Developments - The company has not disclosed any new product or technology developments, market expansion, or mergers and acquisitions in this report[22]. - The company has invested in a film industry equity investment fund to facilitate industry expansion and enhance core competitiveness[44]. - The company has implemented a "4+1" strategy to innovate its business model, focusing on optimizing self-operated platforms and enhancing the membership system[41]. - The company has increased its technical investments, achieving full laser coverage and upgrading cinemas with advanced technologies like "Horizon Giant Screen" and Dolby Atmos[44]. - The company has established a standardized management operation system, enhancing its chain operation capabilities and brand influence[36]. Shareholder and Governance Matters - The company distributed a cash dividend of 2.48 RMB per 10 shares, totaling 112,344,000 RMB (including tax) based on a total share capital of 453,000,000 shares as of December 31, 2018[95]. - The largest shareholder, Hongdian Group Holdings Co., Ltd., holds 509,600,000 shares, representing 80.35% of the total shares[96]. - The company has a lock-up period of 36 months for its restricted shares, which will be lifted on October 12, 2020[102]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-listing, effective from June 17, 2016[64]. - The controlling shareholder has made a long-term commitment to avoid any form of competition with the company, effective from May 27, 2016[68]. Risk Management - The report includes a risk statement regarding the company's future operational and strategic plans, emphasizing the importance of investor awareness of potential risks[6]. - The company faces risks from intensified market competition and the impact of new media on traditional cinema[54]. - The company has established strict guidelines to minimize related party transactions, ensuring fair market pricing and compliance with legal procedures[71]. - The company has committed to compensating any economic losses incurred by its subsidiaries due to non-compliance with social insurance and housing fund regulations[77]. - There were no major lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment for the company[81]. Accounting and Compliance - The accounting policies followed by the company comply with the requirements of the enterprise accounting standards[166]. - The company has not reported any major accounting policy changes that would affect financial reporting, maintaining consistency in financial statements[89]. - The company has renewed its audit engagement with Lixin Accounting Firm for the fiscal year 2019, ensuring continued oversight of financial practices[81]. - The company has not engaged in any significant asset acquisitions or equity purchases during the reporting period, indicating a cautious approach to expansion[84]. - The company has not reported any major environmental compliance issues, suggesting adherence to regulatory standards[88].