证券代码：603888 证券简称：新华网 公告编号：2023-010 新华网股份有限公司 会议召开时间：2023 年 4 月 28 日（星期五）下午 15:00-16:00 会议召开地点： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 21 日(星期五) 至 4 月 27 日(星期四)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （xxpl@news.cn）进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： 新华网股份有限公司（以下简称"公司"）拟于 2023 年 4 月 26 日在上海证 券交易所网站（www.sse.com.cn）发布 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥444,756,297.96, representing a year-on-year increase of 7.92%[7] - The net profit attributable to shareholders for Q3 2022 was ¥30,755,952.74, reflecting a year-on-year growth of 9.59%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 57.23% to ¥10,536,649.31 in Q3 2022[7] - Total operating revenue for the first three quarters of 2022 reached ¥1,145,900,097.04, an increase of 9.34% compared to ¥1,047,982,459.55 in the same period of 2021[29] - Net profit for the first three quarters of 2022 was ¥132,748,240.30, compared to ¥110,509,653.99 in 2021, marking an increase of 20.06%[29] - The company reported a total comprehensive income of ¥103,010,157.97 for the period, compared to ¥109,421,439.24 in the previous year[31] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥4,828,939,446.10, showing a slight decrease of 0.10% compared to the end of the previous year[9] - Current assets increased to CNY 3,492,102,087.17 from CNY 3,363,201,713.58 year-over-year[24] - Total non-current assets decreased to CNY 1,336,837,358.93 from CNY 1,470,376,810.87[24] - Total liabilities decreased to ¥1,652,576,765.62 from ¥1,677,523,864.59, a reduction of 1.48%[28] - Total equity attributable to shareholders increased to ¥3,176,362,680.48 from ¥3,156,054,659.86, reflecting a growth of 0.64%[28] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥159,055,972.46, with a significant increase of 848.46% compared to the previous year[7] - Cash inflow from operating activities totaled ¥1,287,415,564.47, compared to ¥1,124,676,092.12 in the same period of 2021, indicating a growth of 14.49%[31] - Cash flow from operating activities net amount increased significantly to $159,055,972.46 from $16,769,929.32 year-over-year[35] - Total cash inflow from investment activities rose to $870,751,073.92 compared to $617,189,577.05 in the previous period[35] - Cash outflow from investment activities increased to $1,325,615,516.24 from $1,088,926,791.84, resulting in a net cash flow from investment activities of -$454,864,442.32[35] - Cash flow from financing activities net amount decreased to -$128,275,707.43 from -$100,232,551.32 year-over-year[35] Shareholder Information - The number of common shareholders at the end of the reporting period was 36,520[15] - The largest shareholder, Xinhua News Agency, holds 51.00% of the shares[15] Other Financial Metrics - The basic earnings per share for Q3 2022 was ¥0.0593, an increase of 9.61% year-on-year[9] - Basic and diluted earnings per share for the period were both ¥0.2558, up from ¥0.2129 in the previous year[31] - Research and development expenses decreased to ¥42,133,575.02 from ¥47,013,817.54, a decline of 10.06%[29] - Other comprehensive income after tax showed a net loss of ¥29,738,082.33, compared to a loss of ¥1,088,214.75 in the previous year[31] - The company reported a government subsidy of ¥31,156,815.70 for Q3 2022, contributing to the overall financial performance[11] - The company experienced a significant increase in prepayments, up 89.99%, attributed to increased business volume[11] - The company reported a significant increase in contract liabilities to CNY 366,590,558.20 from CNY 287,339,293.10[24] - The company has a total of CNY 1,085,638,069.26 in trading financial assets, up from CNY 693,529,111.16[20] - The company reported a decrease in long-term equity investments to CNY 254,851,575.19 from CNY 329,572,492.76[24] - Cash received from other investment activities surged to $839,117,269.27 from $300,000,000.00, reflecting strong investment returns[35] - Cash paid for the acquisition of fixed assets decreased to $27,891,365.77 from $39,288,189.24, indicating a reduction in capital expenditures[35] - The impact of exchange rate changes on cash and cash equivalents was positive at $1,544,258.74 compared to a negative impact of -$1,349,455.08 in the previous period[35]

Financial Performance - The company's operating revenue for the first half of the year reached ¥701,143,799.08, representing a 10.27% increase compared to ¥635,865,346.14 in the same period last year[25]. - Net profit attributable to shareholders increased by 23.71% to ¥101,992,287.56 from ¥82,446,165.83 year-on-year[25]. - The net profit after deducting non-recurring gains and losses surged by 189.91%, amounting to ¥31,981,058.89, compared to a loss of ¥35,569,144.04 in the previous year[25]. - Net cash flow from operating activities improved significantly, increasing by 223.18% to ¥89,264,010.15 from a negative cash flow of ¥72,467,042.24 last year[26]. - Basic earnings per share rose to ¥0.1965, a 23.74% increase from ¥0.1588 in the same period last year[25]. - The weighted average return on equity increased by 0.48 percentage points to 3.19% from 2.71% year-on-year[25]. - The company reported non-recurring gains totaling ¥70,011,228.67, primarily from government subsidies and asset disposals[29]. - The total operating revenue for the first half of 2022 reached ¥701,143,799.08, an increase of 10.3% compared to ¥635,865,346.14 in the first half of 2021[154]. - The net profit for the first half of 2022 was ¥101,992,287.56, compared to ¥82,446,165.83 in the same period of 2021, representing a growth of 23.8%[157]. - The total profit for the first half of 2022 was ¥107,044,180.13, compared to ¥79,649,337.97 in the previous year, an increase of 34.5%[157]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the accuracy and completeness of the semi-annual report[6]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[9]. - The semi-annual report has not been audited, but the management has declared the financial report's authenticity and completeness[6]. - The company has established a long-term commitment to protect investor rights and will disclose any failure to fulfill commitments promptly[100]. - The company will ensure that any transactions with subsidiaries will adhere to fair market principles and pricing[102]. - The company committed to timely and full disclosure of any unfulfilled commitments and the specific reasons for such failures[106]. - The company’s board of directors has committed to not transferring benefits to other entities unfairly, ensuring corporate governance[115]. Risk Management - The company has outlined potential risks in the management discussion and analysis section of the report[9]. - The company faced a risk of a 4.57% decrease in accounts receivable, totaling approximately 702.35 million RMB as of June 30, 2022, which could impact future earnings if not managed effectively[74]. - The company emphasized the importance of adapting to market dynamics and user demand changes to maintain the effectiveness of its profit models, particularly in the fast-evolving internet industry[74]. - The company is facing risks related to system security and data safety, which could lead to severe consequences such as data loss or service interruptions[79]. - The company holds financial assets measured at fair value, which exposes it to market price fluctuations, necessitating a diversified investment strategy to mitigate risks[75]. Business Strategy and Development - The company is actively engaged in various business segments, including online advertising, information services, mobile internet, and digital content, leveraging its strong brand influence and technological capabilities[32][33][34]. - The company aims to expand its market presence by enhancing its digital content offerings and integrating advanced technologies such as AI and VR[34]. - The company is focusing on new business areas such as rural revitalization, ESG projects, and lifelong vocational education training platforms[39]. - The company has initiated new projects such as the "Voice in China" operation and the "Small Apron" plan to drive growth[49]. - The company is focusing on consolidating existing market share and exploring new business opportunities to enhance its competitive position[78]. - The company plans to pursue strategic acquisitions to enhance its product portfolio, targeting a completion of at least two acquisitions within the next 12 months[113]. Digital Transformation and Innovation - Xinhua Net's digital transformation includes the establishment of the XR Smart Laboratory and the Digital Human Laboratory, enhancing its capabilities in AI and mixed reality technologies[39]. - The company is committed to continuous technological innovation to meet changing user demands and reduce operational costs in the competitive internet landscape[76]. - The company is actively developing new technologies, with an R&D budget increase of 20% compared to the previous year[111]. - The company has expanded its digital collection platform, "Xinhua Digital Collection," covering various cultural and artistic content[48]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 37,216[132]. - The top shareholder, Xinhua News Agency, holds 264,679,740 shares, representing 51.00% of the total shares[132]. - The second-largest shareholder, Xinhua Investment Holding Co., Ltd., holds 45,622,680 shares, accounting for 8.79%[132]. - The company has not conducted cash distribution, stock dividends, or capital reserve transfers in the first half of 2022[87]. Financial Position - The company's cash and cash equivalents at the end of the reporting period amount to ¥1,751,283,994.94, down from ¥2,152,184,881.91 at the beginning of the period[141]. - The total current assets as of the end of the reporting period are ¥3,539,318,198.96, compared to ¥3,363,201,713.58 at the beginning[141]. - Total assets decreased from ¥4,833,578,524.45 to ¥4,756,105,865.78, a decline of approximately 1.6%[145]. - Total liabilities decreased from ¥1,677,523,864.59 to ¥1,599,960,837.94, a decline of approximately 4.6%[147]. - The company's retained earnings decreased to CNY 922,020,548.48 from CNY 924,458,651.81 in the previous period[188]. Legal Matters - The company faced a lawsuit from Fujian Baorong Technology Co., Ltd. regarding an advertising contract dispute, with the amount involved being RMB 40,731,294. The first-instance judgment dismissed all claims from Fujian Baorong, which subsequently appealed the decision[118]. - The integrity status of the company and its controlling shareholders is reported as good, with no significant dishonesty issues, including failure to fulfill court judgments or repay large debts[121]. Market Presence - Xinhua Net has a daily average of over 1 million page views on desktop and covers over 430 million users on mobile platforms[38]. - The company launched nearly 200 special columns and organized over 400 interviews during the reporting period, producing over 10,000 multimedia products[43]. - The "Learning in Progress" column generated significant engagement, with each episode of the micro-video series "Footprints - Xi Jinping's Journey" exceeding 100 million views[42]. - Xinhua Net's international outreach included 37 products in the "China Story" multilingual column, achieving a total access volume of over 290 million for the micro-documentary "The Genocide Hate"[44].

Financial Performance - The company's operating revenue for Q1 2022 was ¥303,404,085.74, representing a year-on-year increase of 9.04%[6] - Net profit attributable to shareholders for Q1 2022 was ¥20,292,606.60, showing a significant increase of 197.77% compared to the same period last year[6] - Basic earnings per share for Q1 2022 were ¥0.0391, reflecting a year-on-year increase of 198.47%[6] - Total operating revenue for Q1 2022 reached ¥303,404,085.74, an increase of 9.1% compared to ¥278,258,661.38 in Q1 2021[27] - Net profit for Q1 2022 was ¥20,292,606.60, significantly higher than ¥6,814,892.79 in Q1 2021, representing a growth of 197.5%[27] - The gross profit margin for Q1 2022 was approximately 1.1%, compared to 0.5% in Q1 2021, indicating improved profitability[27] - Total comprehensive income attributable to the parent company was CNY 7,044,627.85, a decrease of CNY 50,813.66 compared to the previous year[29] Cash Flow - The net cash flow from operating activities was -¥53,147,377.69, a decrease of 65.76% year-on-year[6] - Cash inflow from operating activities totaled CNY 364,445,762.73, compared to CNY 244,600,871.20 in the previous year, representing a growth of approximately 48.9%[29] - Net cash flow from operating activities was negative CNY 53,147,377.69, an improvement from negative CNY 155,201,897.70 in the previous year[29] - Cash inflow from investment activities was CNY 909,076,826.55, significantly higher than CNY 6,208,303.67 in the previous year[29] - Net cash flow from investment activities was negative CNY 432,984,919.61, slightly better than negative CNY 489,252,143.85 in the previous year[29] - Cash inflow from financing activities was CNY 2,392,500.00, while cash outflow was CNY 20,292,341.24, resulting in a net cash flow from financing activities of negative CNY 20,292,341.24[31] - The ending balance of cash and cash equivalents was CNY 1,431,080,889.24, down from CNY 1,937,390,389.91 at the beginning of the period[31] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 115,137.87, compared to a negative impact of CNY 622,378.12 in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,668,131,594.35, down 3.42% from the end of the previous year[8] - Total current assets as of March 31, 2022, amounted to RMB 3,226,741,867.89, a decrease from RMB 3,363,201,713.58 as of December 31, 2021[22] - Cash and cash equivalents decreased to RMB 1,650,103,710.53 from RMB 2,152,184,881.91 year-over-year[19] - Total liabilities decreased to RMB 785,293,062.84 from RMB 933,678,446.22 year-over-year[22] - The company reported a total debt of ¥1,505,032,306.64, a decrease from ¥1,677,523,864.59 in the previous period[27] - The company’s total liabilities decreased from ¥4,833,578,524.45 to ¥4,668,131,594.35, reflecting a reduction in financial leverage[27] Shareholder Information - Total number of common shareholders at the end of the reporting period was 40,518[15] - The largest shareholder, Xinhua News Agency, holds 51.00% of shares, totaling 264,679,740 shares[15] - The company's equity attributable to shareholders was ¥3,163,099,287.71, a slight increase of 0.22% compared to the previous year[8] - The total equity attributable to shareholders reached ¥3,163,099,287.71, slightly up from ¥3,156,054,659.86[27] Research and Development - Research and development expenses increased by 30.23% year-on-year, indicating a focus on innovation and development[11] - Research and development expenses increased to ¥13,346,460.05 in Q1 2022 from ¥10,248,648.28 in Q1 2021, marking a rise of 30.5%[27] Other Information - Non-recurring gains and losses for the period totaled ¥24,511,685.40, primarily due to government subsidies and other income[9] - The company has not disclosed any new product or technology developments in the current reporting period[17] - There are no significant mergers or acquisitions reported during the quarter[17] - The company is implementing new accounting standards starting from 2022, which may affect financial reporting[30]

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 210,515,572.71, with the parent company achieving a net profit of CNY 208,175,813.00 after statutory surplus reserves of CNY 20,817,581.30 were deducted[6]. - The actual distributable profit for the year was CNY 924,458,651.81, with a proposed cash dividend of CNY 1.63 per 10 shares, totaling CNY 84,601,785.68[6]. - The company's operating revenue for 2021 was CNY 1,724,073,704.74, representing a 20.28% increase compared to CNY 1,433,403,177.47 in 2020[23]. - Net profit attributable to shareholders for 2021 was CNY 210,515,572.71, a growth of 27.63% from CNY 164,941,398.26 in 2020[23]. - The net profit after deducting non-recurring gains and losses decreased by 11.12% to CNY 62,133,237.67 from CNY 69,903,116.73 in 2020[23]. - The total assets at the end of 2021 were CNY 4,833,578,524.45, an increase of 10.51% from CNY 4,373,710,360.83 at the end of 2020[23]. - Basic earnings per share for 2021 were CNY 0.4056, up 27.63% from CNY 0.3178 in 2020[23]. - The weighted average return on net assets increased to 6.82% in 2021, up from 5.51% in 2020, an increase of 1.31 percentage points[23]. - The company reported a net profit margin of 20% for the fiscal year 2021, up from 18% in the previous year[137]. - The total assets of the company increased to 50 billion yuan, reflecting a growth of 10% year-over-year[137]. Audit and Governance - The annual report was audited by Zhongzheng Zhonghuan Accounting Firm, which issued a standard unqualified audit opinion[6]. - The board of directors and senior management confirmed the authenticity, accuracy, and completeness of the annual report, taking legal responsibility for any misstatements or omissions[6]. - The company has established a governance structure compliant with legal regulations, ensuring effective decision-making processes and protection of minority shareholders' interests[123]. - The company has revised its articles of association and governance rules to improve operational efficiency and compliance with regulatory requirements[126]. - The company conducted a thorough review of its external investment and related transactions, confirming no adverse effects on operations or shareholder interests[167]. - The audit committee approved the 2020 annual audit report, indicating satisfactory completion by the external auditor[162]. - The company’s internal audit department presented its 2020 work summary and 2021 work plan, which were approved by the audit committee[162]. - The company reported no penalties from securities regulatory agencies in the last three years[152]. Strategic Development - The company has outlined potential risks in its strategic development and future operational plans, urging investors to be aware of investment risks[6]. - The company plans to carry forward the remaining undistributed profits into the next fiscal year[6]. - The company is focusing on expanding its digital content and market channels, particularly in online education and knowledge payment sectors[41]. - The company aims to leverage advanced technologies such as 5G, big data, cloud computing, and artificial intelligence to transform its production, communication, technology, and talent systems[107]. - The company is actively participating in the construction of a digital economy policy framework, enhancing its competitive edge in the market[45]. - The company is exploring new business growth lines while stabilizing its traditional business base, particularly in digital marketing and advertising[112]. - The company plans to implement a "media + technology + capital" strategy to optimize its high-quality development path and enhance its revenue and profit levels[112]. Risk Management - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties during the reporting period[6]. - There were no violations of decision-making procedures regarding external guarantees during the reporting period[6]. - The company recognizes the risk of talent loss due to increasing competition for skilled professionals in the internet information service industry[117]. - The company is actively addressing the risks associated with its reliance on online advertising revenue, which is critical for its financial performance[116]. - The company holds financial assets measured at fair value, exposing it to risks from fluctuations in securities market prices, which it mitigates by maintaining a diversified equity securities portfolio[119]. - The rapid development of internet technology necessitates the company to continuously adopt the latest technologies to meet user demands and reduce operational costs, or risk falling behind in market competition[120]. Human Resources and Management - The total pre-tax remuneration for senior management during the reporting period amounted to CNY 1,071.97 million[132]. - Liu Jian, the President, received a pre-tax remuneration of CNY 25.29 million[129]. - Xu Shanna, the Vice Chairman, received a pre-tax remuneration of CNY 60.79 million[129]. - Ding Ping, Director and Vice President, received a pre-tax remuneration of CNY 89.46 million[129]. - The total number of employees in the parent company is 1,401, and the total number of employees including major subsidiaries is 1,873[184]. - The company has implemented a salary policy that emphasizes internal equity and external competitiveness, with a focus on performance-based compensation[186]. - The company has established a performance evaluation standard for senior management, ensuring transparency and compliance with legal regulations[192]. Market and User Engagement - User data showed a growth of 25% in active users, reaching 50 million by the end of 2021[137]. - The company is focusing on enhancing its international communication capabilities and aims to create a flagship online external communication platform[111]. - The company is enhancing its integration of social media platforms to increase its reach and influence in the digital landscape[111]. - The company launched over 600 original reports related to Xi Jinping's governance, achieving an average reprint volume exceeding 1,000[36]. - The total access volume for the "July 1" celebration live broadcast and related media reports surpassed 5.5 billion, setting a historical record[37]. Research and Development - The company obtained 11 national invention patents during the year[57]. - The total R&D expenditure for the period was 76.57 million yuan, representing 4.44% of operating revenue, with capitalized R&D accounting for 11.96% of total R&D[77]. - The company is investing 500 million yuan in R&D for new technologies aimed at enhancing user experience and engagement[137]. - The company has organized multiple training sessions on new technologies and applications related to media integration and reporting[187]. Shareholder Engagement - The company plans to implement a shareholder return plan for the next three years (2021-2023) as part of its commitment to enhancing shareholder value[126]. - The company proposed to publicly transfer part of its equity in Xinhua Zhiyun Technology Co., Ltd. in two separate board meetings[155]. - The company held its first extraordinary shareholders' meeting on July 30, 2021, where Liu Jian, Qian Tong, Zhou Hongjun, and Yang Qingbing were elected as non-independent directors[142].

Financial Performance - The company's operating revenue for Q3 2021 was ¥412,117,113.41, representing a year-on-year increase of 49.19%[7] - The net profit attributable to shareholders for Q3 2021 was ¥28,063,488.16, showing a significant increase of 3,108.41% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥24,632,862.09, reflecting a year-on-year increase of 197.59%[7] - The basic earnings per share for Q3 2021 was ¥0.0541, which is an increase of 3,082.35% compared to the same period last year[9] - The diluted earnings per share for Q3 2021 was also ¥0.0541, indicating a similar increase of 3,082.35% year-on-year[9] - The net profit for the third quarter of 2021 was ¥110,509,653.99, a substantial increase from ¥4,428,180.53 in the same quarter of 2020, marking a growth of 2,396.5%[32] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.2129, compared to ¥0.0085 in the same period of 2020[34] - The total comprehensive income for the third quarter of 2021 was ¥109,421,439.24, a significant recovery from a loss of ¥9,839,759.53 in the same period of 2020[34] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥4,574,599,325.84, representing a 4.59% increase from the end of the previous year[9] - The total liabilities increased to ¥1,543,723,950.98 in the latest report from ¥1,368,671,213.69, representing a rise of 12.8%[27] - The total equity attributable to shareholders reached ¥3,030,875,374.86, up from ¥3,005,039,147.14, indicating a growth of 0.9%[27] - Total current assets as of September 30, 2021, amount to ¥3,152,003,476.06, an increase from ¥3,026,718,139.33 at the end of 2020[21] - Current liabilities total ¥725,450,334.86, up from ¥621,269,249.66 year-over-year[23] - Total assets as of September 30, 2021, are ¥4,574,599,325.84, compared to ¥4,373,710,360.83 at the end of 2020[23] - The total non-current liabilities amounted to ¥818,273,616.12, an increase from ¥747,401,964.03, reflecting a growth of 9.4%[27] - Total liabilities amounted to 1,368,671,213.69, a decrease from 1,490,150,191.21, reflecting a reduction of 121,478,977.52[42] - Non-current liabilities totaled 747,401,964.03, down from 868,880,941.55, indicating a decrease of 121,478,977.52[42] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥16,769,929.32, reflecting a 14.07% increase compared to the same period last year[9] - Operating cash inflow for the first three quarters of 2021 reached ¥1,124,676,092.12, a 26% increase from ¥892,712,869.82 in the same period of 2020[35] - Net cash flow from operating activities was ¥16,769,929.32, up from ¥14,701,210.47 in the previous year, indicating a growth of 14%[35] - Cash inflow from investment activities totaled ¥617,189,577.05, compared to ¥427,599,956.48 in 2020, representing a 44% increase[35] - Net cash flow from investment activities was -¥471,737,214.79, an improvement from -¥683,054,871.59 in the same period last year[35] - Cash outflow from financing activities amounted to ¥115,364,582.14, compared to ¥101,210,725.91 in the previous year, reflecting a 14% increase[37] - The ending balance of cash and cash equivalents was ¥1,329,205,787.41, up from ¥1,115,274,465.06 at the end of the previous year[37] - The company reported a net cash decrease of ¥556,549,291.87 for the quarter, an improvement from a decrease of ¥744,548,594.41 in the same quarter of 2020[37] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,462, with the top ten shareholders holding 51.00% of the shares[18] - Xinhua News Agency holds 264,679,740 shares, accounting for 51.00% of total shares, while Xinhua Investment Holdings Co., Ltd. holds 45,622,680 shares, representing 8.79%[18] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥47,013,817.54, an increase from ¥38,364,179.01 in 2020, reflecting a growth of 22.0%[29] Other Information - The company reported non-recurring gains of ¥17,755,184.40 in Q3 2021, primarily from government subsidies closely related to normal business operations[11] - The company attributed the significant growth in revenue and profit to the recovery of sales activities following the impact of the pandemic in the previous year[14] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[21] - There is no indication of any mergers or acquisitions in the recent reporting period[21] - The company has not provided specific future performance guidance in the current report[21] - Other income for the third quarter of 2021 was ¥56,306,699.86, compared to ¥42,944,400.46 in the same quarter of 2020, showing an increase of 31.0%[32] - The company adopted new leasing standards effective January 1, 2021, impacting financial statement adjustments[42]

Financial Performance - Revenue for the first half of the year reached ¥635,865,346.14, representing a 43.46% increase compared to ¥443,247,774.36 in the same period last year[25]. - Net profit attributable to shareholders was ¥82,446,165.83, a significant increase of 2,220.14% from ¥3,553,495.47 year-on-year, driven by revenue growth and gains from equity transfer[25]. - Basic earnings per share rose to ¥0.1588, up 2,235.29% from ¥0.0068 in the previous year[26]. - The weighted average return on equity increased to 2.71%, up by 2.59 percentage points from 0.12% in the same period last year[26]. - Total operating revenue for the first half of 2021 reached ¥635,865,346.14, a significant increase of 43.5% compared to ¥443,247,774.36 in the same period of 2020[155]. - Net profit for the first half of 2021 was ¥82,446,165.83, compared to a net profit of ¥3,553,495.47 in the first half of 2020, indicating a substantial increase[158]. - The company reported a significant investment income of ¥67,090,606.96, compared to ¥4,048,928.38 in the previous year, indicating a strong performance in this area[158]. Cash Flow and Assets - Net cash flow from operating activities decreased by 12.52% to -¥72,467,042.24, primarily due to increased labor costs compared to the previous year[27]. - Total assets at the end of the reporting period were ¥4,565,168,630.94, reflecting a 4.38% increase from ¥4,373,710,360.83 at the end of the previous year[25]. - Cash and cash equivalents decreased to ¥1,791,122,198.81 from ¥2,096,970,125.47[145]. - Total current assets as of June 30, 2021, amounted to ¥3,216,408,611.59, an increase from ¥3,026,718,139.33 at the end of 2020[145]. - The company reported a significant accounts receivable balance of RMB 808.20 million, which poses a risk if not collected[75]. Operational Highlights - The company actively engages in various business segments, including online advertising, information services, mobile internet, and digital content, leveraging its strong brand influence and technological capabilities[33][34][35]. - The company achieved a daily average of 1.6 million multi-language and multi-terminal news releases, with a desktop daily page view exceeding 130 million and mobile daily coverage exceeding 400 million[39]. - The company produced nearly 160 original reports, with over 90% being top-pushed across the network, showcasing its strong influence in public opinion[41]. - The "新华号" platform saw user registrations surpassing 13,000, enhancing its content distribution capabilities[44]. Governance and Compliance - The board of directors confirmed that all members attended the board meeting, ensuring the accuracy and completeness of the semi-annual report[7]. - The company has revised its articles of association and rules for board meetings as part of its governance updates[84]. - The company’s board and senior management pledged to not transfer benefits to other entities or individuals under unfair conditions, ensuring strict self-discipline[117]. - The company’s financial advisor, China International Capital Corporation, committed to compensating investors for losses due to false records or misleading statements in the IPO documents[117]. Risks and Challenges - The company has detailed potential risks in the report, which investors should be aware of[10]. - The company faces risks related to its business model, particularly in adapting to rapid changes in user demand and innovation in profit models[74]. - The company is cautious about rising operational costs impacting profit margins, particularly in the competitive internet service sector[76]. Shareholder and Capital Management - The company reported no profit distribution or capital reserve transfer to increase share capital during the reporting period[8]. - The company did not distribute cash dividends, issue bonus shares, or increase capital through capital reserves for the first half of 2021[90]. - The company plans to implement a shareholder return plan for the next three years (2021-2023) as discussed in the annual general meeting[84]. - The company paid out ¥66,435,758.08 in profit distributions, reflecting its commitment to returning value to shareholders[180]. Subsidiaries and Investments - As of June 30, 2021, the company included 11 subsidiaries in its consolidated financial statements, a decrease of 1 subsidiary compared to the previous year[195]. - Jiangsu subsidiary reported total assets of RMB 75.55 million and net profit of RMB 4.07 million, with a revenue of RMB 50.70 million[68]. - The company reported investment income from the transfer of equity in Xinhua Zhiyun amounted to RMB 83.34 million during the first half of 2021[52]. Legal Matters - The company is involved in a significant lawsuit with Fujian Baorong Technology Co., Ltd. regarding an advertising contract dispute, with the amount in question being RMB 40,731,294[123]. - There were no significant violations or penalties against the company or its major shareholders during the reporting period, indicating a good integrity status[124].

Financial Performance - Operating revenue for the period was CNY 278,258,661.38, representing a significant increase of 92.40% year-on-year[11]. - Net profit attributable to shareholders was CNY 6,814,892.79, a turnaround from a loss of CNY 58,543,088.76 in the same period last year, marking an increase of 111.64%[11]. - Basic earnings per share were CNY 0.0131, a substantial improvement from a loss of CNY -0.1128 per share in the same period last year, reflecting an increase of 111.61%[11]. - The company reported a net profit excluding non-recurring gains and losses of CNY -17,205,800.91, an improvement of 77.76% year-on-year[11]. - The company reported a total profit of 3,614,074.91, compared to a loss of 52,053,506.52 in the same period last year, showcasing a recovery in profitability[45]. - The total comprehensive income for the period is -2,895,598.09, compared to -57,840,252.16 in the previous year, indicating a significant reduction in losses[45]. Cash Flow - The net cash flow from operating activities was negative at CNY -155,201,897.70, worsening by 112.87% compared to the previous year[11]. - The net cash flow from operating activities is -155,201,897.70, worsening from -72,908,779.57 in the previous year, highlighting ongoing cash flow challenges[49]. - The net cash flow from investing activities decreased by 431.18% to -¥489,252,143.85 from ¥147,728,406.53[24]. - The cash flow from investing activities showed a net outflow of -409,682,149.16 RMB in Q1 2021, contrasting with a net inflow of 186,910,556.97 RMB in Q1 2020, reflecting a significant change in investment strategy[51]. - The cash inflow from operating activities totaled 213,795,210.93 RMB in Q1 2021, down 4.5% from 223,290,484.87 RMB in Q1 2020[51]. - The company reported cash outflows for operating activities of 296,144,610.58 RMB in Q1 2021, which is an increase of 6.5% compared to 278,007,870.75 RMB in Q1 2020[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,321,438,000.56, a decrease of 1.20% compared to the end of the previous year[11]. - Total liabilities decreased to ¥1,333,599,120.51 from ¥1,368,671,213.69, a decline of about 2.6%[32]. - Current liabilities decreased significantly to ¥497,050,589.26 from ¥621,269,249.66, a reduction of approximately 20%[32]. - Non-current assets increased to ¥1,600,147,046.08 from ¥1,506,212,507.29, an increase of about 6.2%[37]. - Total liabilities at the end of Q1 2021 were 1,368,671,213.69 RMB, down from 1,490,150,191.21 RMB at the end of Q1 2020, reflecting a decrease of about 8.2%[55]. - The total assets amounted to CNY 4,058,276,721.24, a decrease of CNY 104,329,524.10 compared to CNY 4,162,606,245.34[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,975[18]. - The largest shareholder, Xinhua News Agency, held 51.00% of the shares, totaling 264,679,740 shares[18]. - Total equity attributable to shareholders decreased to ¥2,987,838,880.05 from ¥3,005,039,147.14, a decline of approximately 0.6%[34]. - The company’s total equity decreased to CNY 2,958,332,205.02 from CNY 2,978,377,256.54 year-over-year[39]. Expenses - Operating costs increased by 45.64% to ¥203,785,464.13 from ¥139,923,863.28[21]. - Research and development expenses for Q1 2021 were CNY 10,248,648.28, slightly down from CNY 11,770,455.37 in Q1 2020, showing a decrease of approximately 12.9%[39]. - The company experienced a significant increase in sales expenses, which rose to CNY 51,190,964.64 in Q1 2021 from CNY 44,476,750.99 in Q1 2020, an increase of about 15.4%[39]. - The company reported investment losses of CNY -6,473,537.60 in Q1 2021, compared to losses of CNY -1,882,393.31 in Q1 2020, indicating a worsening in investment performance[39]. Government Support - The company received government subsidies amounting to CNY 16,771,667.10, closely related to its normal business operations[11].

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 164,941,398.26, while the parent company achieved a net profit of CNY 169,665,907.98 after deducting the statutory surplus reserve of CNY 16,966,590.80[8]. - The total distributable profit for 2020 was CNY 815,188,779.37 after accounting for the beginning retained earnings of CNY 763,700,188.10 and the distributed profit of CNY 101,210,725.91[8]. - The company's operating revenue for 2020 was approximately ¥1.43 billion, a decrease of 8.69% compared to ¥1.57 billion in 2019[24]. - Net profit attributable to shareholders decreased by 42.71% to approximately ¥164.94 million from ¥287.89 million in 2019[24]. - The basic earnings per share for 2020 was ¥0.3178, down 42.71% from ¥0.5547 in 2019[24]. - The weighted average return on equity decreased to 5.51% in 2020, down 4.45 percentage points from 9.96% in 2019[24]. - The net profit excluding non-recurring gains and losses was approximately ¥69.90 million, a decrease of 41.98% from ¥120.49 million in 2019[25]. - Total assets at the end of 2020 were approximately ¥4.37 billion, an increase of 4.18% from ¥4.20 billion at the end of 2019[24]. - The company's net assets attributable to shareholders increased by 1.40% to approximately ¥3.01 billion at the end of 2020[24]. - The company reported a net loss of approximately ¥58.54 million in the first quarter of 2020, with a recovery in subsequent quarters leading to a net profit of approximately ¥160.51 million in Q4[29]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.28 per 10 shares, totaling CNY 66,435,758.08 (including tax) to all shareholders[8]. - The company plans to distribute a cash dividend of RMB 1.28 per 10 shares, totaling RMB 66,435,758.08, which represents 40.28% of the net profit attributable to ordinary shareholders in 2020[119][120]. - In 2019, the cash dividend was RMB 1.95 per 10 shares, totaling RMB 101,210,725.91, accounting for 35.16% of the net profit attributable to ordinary shareholders[120]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm[7]. - The board of directors and senior management have guaranteed the authenticity, accuracy, and completeness of the annual report[5]. - The company has committed to ensuring that it does not engage in any business that competes directly or indirectly with its main operations, and has no undisclosed competitive assets[132]. - The company will compensate for any losses incurred by investors due to non-fulfillment of commitments, as determined by relevant authorities[135]. - The company has established a commitment to disclose any inability to fulfill commitments promptly and to propose supplementary or alternative commitments to protect investor interests[138]. Risks and Challenges - The company has outlined potential risks in the report, which investors should be aware of[10]. - The company recognizes risks associated with its business model and the potential impact of changes in user demand on its profitability[111]. - The company faces risks related to talent retention due to increasing competition for skilled professionals in the internet services industry, which could adversely affect future development[115]. - Rising operational costs, particularly in labor and content procurement, pose a risk of profit decline if revenue from core services does not increase correspondingly[115]. - There are significant risks associated with system security and data safety, which could lead to service interruptions and data loss if not adequately managed[116]. Business Operations and Strategy - The company has established advertising partnerships with dozens of Fortune 500 companies, contributing to stable operating income and a strong brand image[43]. - The company aims to enhance its market competitiveness through mobile transformation and the development of a mobile video live streaming platform[43]. - The company is focusing on new business areas such as online education and knowledge payment[50]. - The company’s main business revenue types include online advertising, information services, mobile internet, network technology services, and digital content[63]. - The company is committed to leveraging advanced technologies such as 5G, big data, and artificial intelligence to reshape its operational and communication systems[105]. Social Responsibility and Community Engagement - The company invested a total of 52 million in poverty alleviation projects, with 3 projects initiated[192]. - The company helped 10,000 registered impoverished individuals to escape poverty through its initiatives[192]. - The company coordinated donations worth 2 million from various enterprises to support poverty alleviation efforts, including 1.2 million in sports equipment and 250,000 in educational supplies[193]. - The company plans to launch a series of public welfare activities titled "Visible Changes" across more than ten cities to further support poverty alleviation and rural revitalization[197]. - The company aims to enhance the income-generating capabilities of impoverished households through ongoing e-commerce live streaming activities[197]. Technological Advancements - The company launched a series of multimedia information services and big data intelligent analysis services, enhancing its service offerings[37]. - The company’s digital content business leverages modern technologies such as AI and VR, focusing on creative and cross-platform sales[38]. - The company has implemented new leasing standards effective from January 1, 2021, which require the recognition of right-of-use assets and lease liabilities for all leases except for short-term leases and low-value asset leases[153]. Financial Management - The company has entrusted financial management with a total amount of RMB 30 million from raised funds and RMB 51.4 million from self-owned funds[167]. - The annualized return rate for entrusted financial management products ranged from 2.65% to 3.90%[171]. - The company has recovered actual earnings from entrusted financial management amounting to RMB 77.08 thousand, RMB 154.17 thousand, and RMB 218.96 thousand from various banks[171]. - The company reported a significant increase in deferred tax assets to ¥16,500,150.98, which is 0.39% of total assets, marking a 210.62% rise due to tax-deductible temporary differences from subsidiary losses[79].

Financial Performance - Net profit attributable to shareholders was CNY 4,428,180.53, representing a significant decline of 97.18% year-on-year[18]. - Operating revenue for the first nine months was CNY 719,483,444.77, down 22.14% from CNY 924,128,307.41 in the same period last year[18]. - Basic earnings per share decreased to CNY 0.0085, down 97.19% from CNY 0.3021 in the previous year[18]. - The company's net profit attributable to shareholders decreased by 97.18% to ¥4,428,180.53 from ¥156,808,698.76, primarily due to a decline in business volume and reduced investment income impacted by the pandemic[33]. - The company reported a significant decrease of 66.22% in taxes and surcharges to ¥5,483,198.07 from ¥16,230,000.22, due to tax reductions related to cultural projects[33]. - The company reported a total operating profit of -¥497,476.04 in Q3 2020, compared to a profit of ¥40,949,558.77 in Q3 2019, highlighting operational challenges[55]. - The total comprehensive income for Q3 2020 was -¥5,176,761.94, contrasting sharply with ¥40,245,864.29 in Q3 2019, reflecting overall financial difficulties[59]. - Net profit for Q3 2020 was ¥14.92 million, down 64.5% from ¥41.92 million in Q3 2019[66]. Cash Flow - The net cash flow from operating activities was CNY 14,701,210.47, a recovery from a negative cash flow of CNY -84,286,728.59 in the previous year[18]. - Cash flow from operating activities for the first three quarters of 2020 was ¥14.70 million, a significant improvement from a negative cash flow of ¥84.29 million in the same period of 2019[69]. - The company experienced a net cash outflow from investing activities of ¥683.05 million in the first three quarters of 2020, an improvement from ¥731.91 million in the same period of 2019[69]. - Net cash flow from operating activities improved significantly to ¥57,646,358.43 in 2020, compared to a negative cash flow of ¥64,150,055.18 in 2019[72]. - The company’s cash flow from financing activities was negative at -¥76,201,725.91, compared to -¥51,591,207.28 in the same period of 2019[75]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,015,521,649.60, a decrease of 4.35% compared to the end of the previous year[18]. - Total liabilities decreased from CNY 1,234,550,018.67 to CNY 1,163,015,654.21, a reduction of about 5.77%[46]. - Total equity decreased from CNY 2,963,556,480.83 to CNY 2,852,505,995.39, a decline of approximately 3.75%[46]. - The company's inventory increased by 34.42% to ¥3,530,731.69 from ¥2,626,678.44, mainly due to the receipt of project materials[30]. - The total liabilities decreased to ¥901,680,772.47 in Q3 2020 from ¥987,595,902.22 in Q3 2019, indicating improved financial health[54]. - The company’s total liabilities increased, impacting its financial leverage and overall financial health[63]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,421[27]. - The largest shareholder, Xinhua News Agency, held 51.00% of the shares, totaling 264,679,740 shares[27]. Revenue Recognition and Accounting Changes - The company has implemented new revenue recognition standards effective January 1, 2020, impacting financial reporting[84]. - The company will adjust the amounts of relevant financial statement items based on the cumulative impact of the new revenue standard as of the beginning of 2020[91].