Financial Performance - The company reported a total revenue of 1.5 billion RMB for the fiscal year, representing a 10% increase year-over-year[29]. - The company's operating revenue for 2022 was CNY 1,805,764,908.36, representing a 0.85% increase compared to 2021[184]. - The net profit attributable to shareholders of the listed company for 2022 was CNY 477,947,285.37, reflecting a 7.91% increase year-on-year[184]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 206,390,802.15, which is a 14.58% increase from the previous year[184]. - The company reported a net profit margin of 12%, up from 10% in the previous year[29]. - Basic earnings per share for 2022 was CNY 1.0754, a 0.71% increase compared to CNY 1.0678 in 2021[186]. - The company provided a forward guidance of 1.8 billion RMB in revenue for the next fiscal year, indicating a projected growth of 20%[29]. Assets and Liabilities - Total assets increased to CNY 5,038,378,921.86, up from CNY 4,687,841,159.80, representing a growth of approximately 7.46%[5]. - Current liabilities rose to CNY 860,383,708.94 from CNY 724,882,016.82, indicating an increase of about 18.66%[8]. - The total liabilities decreased to CNY 1,616,346,453.45 from CNY 1,717,024,005.21, showing a decrease of about 5.87%[8]. - Total equity attributable to shareholders increased to CNY 3,422,032,468.41 from CNY 2,970,817,154.59, marking a growth of approximately 15.14%[8]. - Non-current assets totaled CNY 2,302,020,960.75, slightly up from CNY 2,261,050,704.64, indicating a growth of approximately 1.82%[5]. Governance and Compliance - The company has established a robust governance structure, with independent directors and supervisors ensuring compliance with laws and regulations[12]. - The company has a clear separation of personnel management, ensuring independent hiring and labor contracts for employees[15]. - The company has committed to transparent information disclosure, ensuring all shareholders have equal access to information[6]. - The company has not faced any penalties from securities regulatory agencies in the past three years[39]. - The company emphasizes the importance of governance improvements to support its development strategy[74]. Strategic Management - The company has established a strategy to manage potential competition effectively through various agreements with affiliated entities[19]. - The company is focused on maintaining operational efficiency and reducing competition through strategic management agreements[19]. - The company has signed management agreements with Daqing Xinhua Bookstore and Chaowen Publishing House to address competition issues, delegating operations to Longban Media[16]. - The company has a complete and independent business system for publishing, distribution, and printing, ensuring no reliance on the controlling shareholder for operations[16]. Investments and Financial Management - The company is investing 200 million RMB in R&D for new technologies, aiming to enhance product offerings and market competitiveness[29]. - The company has engaged in multiple bank wealth management products, with amounts ranging from 10,000,000 CNY to 50,000,000 CNY, all at a contractually agreed interest rate of 2.75%[134]. - The company has established a robust financial management framework to monitor and evaluate the performance of its financial investments[158]. - The company has a strategy to diversify its financial investments through various bank financial products to enhance returns[158]. Legal Matters - The company has not faced any delisting risk or bankruptcy reorganization matters[107]. - The company has been involved in multiple legal disputes regarding property leases, with claims for damages totaling approximately 8 million yuan for renovation losses and 1 million yuan for rental deposits[119]. - The company has ongoing litigation related to property rights disputes, with a court ruling confirming ownership of a property[115]. - The company has been proactive in seeking legal remedies to mitigate financial losses from property-related disputes, indicating a strategic approach to risk management[121]. Community Engagement and Social Responsibility - A total of 10 million yuan was donated to the Heilongjiang Provincial Education Department, benefiting 2,400 local students[69]. - The company invested 43 million yuan in poverty alleviation and rural revitalization projects, impacting 287,557 individuals in the region[70]. - The company is committed to green development, implementing measures such as digital printing and on-demand printing to reduce carbon emissions[65]. - The company has actively engaged in community support initiatives, including educational donations and assistance to underprivileged workers[71].

2022 年第三季度报告 单位：元 币种：人民币 证券代码：605577 证券简称：龙版传媒 黑龙江出版传媒股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人曲柏龙、主管会计工作负责人何军及会计机构负责人（会计主管人员）孙冬梅保 证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|----------------------------------------|------------------|----------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥801,579,543.24, representing a 4.71% increase compared to ¥765,530,367.70 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached ¥101,871,691.39, a 35.30% increase from ¥75,293,805.69 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥86,279,123.85, which is a 46.94% increase from ¥58,718,314.08 in the same period last year[21]. - The net cash flow from operating activities was ¥309,042,534.50, a significant recovery from a negative cash flow of -¥35,504,486.78 in the previous year[21]. - Basic earnings per share for the first half of 2022 were ¥0.2292, a 21.79% increase from ¥0.1882 in the same period last year[21]. - The company's operating profit for the first half of 2022 was approximately 61.54 million, compared to 31.83 million in the same period of 2021, representing an increase of about 93.5%[164]. - Total operating revenue for the first half of 2022 was CNY 801,579,543.24, an increase of 4.3% compared to CNY 765,530,367.70 in the same period of 2021[158]. - Net profit for the first half of 2022 reached CNY 101,871,691.39, compared to CNY 75,293,805.69 in the same period of 2021, marking an increase of 35.4%[157]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥4,878,416,280.25, up 4.07% from ¥4,687,841,159.80 at the end of the previous year[21]. - The company's cash and cash equivalents at the end of the period amounted to ¥1,680,816,052.55, representing 34.45% of total assets, a decrease of 1.94% compared to the previous year[38]. - Total liabilities reached CNY 2,088,960,069.09 in the first half of 2022, compared to CNY 1,790,182,970.00 in the same period of 2021, reflecting a rise of 16.7%[158]. - Total current assets amounted to approximately CNY 2.65 billion, an increase from CNY 2.43 billion at the beginning of the period, reflecting a growth of about 9.4%[142]. - The company's total equity at the end of the first half of 2022 was CNY 2,007,258,486.40, with a capital stock of CNY 444,444,445.00 and capital reserves of CNY 1,175,421,853.85[187]. Investments and Cash Flow - The company achieved a non-operating income of 7,522,123.29 RMB from investments in bank wealth management products[22]. - Cash inflow from investment activities was approximately 507.70 million, down from 818.45 million in the first half of 2021, a decrease of about 38%[169]. - Cash outflow from investment activities totaled approximately 809.95 million, compared to 469.98 million in the previous year, indicating an increase of about 72.3%[169]. - The net cash flow from investment activities was negative at approximately -302.25 million, contrasting with a positive cash flow of 348.47 million in the first half of 2021[169]. Operational Highlights - The company has a strong content resource advantage, having undertaken 65 national publishing fund projects during the "13th Five-Year Plan" period, with over 100 books receiving national awards[30]. - The company operates a comprehensive distribution network, including 34 bookstores recognized as "cultural landmarks" and 10 stores awarded as "China's Most Beautiful Xinhua Bookstore"[30]. - The company has established an integrated business model covering the entire publishing chain, including editing, printing, distribution, and material trade[30]. - The company is actively pursuing digital transformation, integrating quality digital content resources to enhance its digital cloud aggregation platform[34]. Governance and Compliance - The company has emphasized the importance of governance and management to ensure sustainable growth and investor returns[63]. - The company committed to ensuring that the prospectus and other issuance documents do not contain false records, misleading statements, or significant omissions, and will bear individual and joint legal responsibility for their authenticity, accuracy, and completeness[78]. - The company will ensure compliance with legal requirements regarding the issuance and listing of shares, and will take necessary actions if any violations are identified[78]. Legal Matters - The company is pursuing a lawsuit against multiple parties for an unpaid book procurement amounting to 4,980,000.00 RMB, which remains unresolved[108]. - The company has faced significant litigation matters, including a case involving the rights to the "Dream Mobilization" publication, with a claim of 740,544 RMB for unpaid licensing fees[109]. - The company has incurred legal fees of 40,000.00 RMB related to the aforementioned lawsuit[108]. Community and Environmental Initiatives - The company has actively engaged in poverty alleviation efforts, benefiting over 1,400 teachers through educational training services[59]. - The company has implemented green initiatives, including digital printing and reducing carbon emissions through upgraded production equipment[58].

证券代码：605577 证券简称：龙版传媒 公告编号：2022-023 黑龙江出版传媒股份有限公司 关于参加"2022 年投资者网上集体接待日 活动暨业绩说明会"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 和完整性承担个别及连带责任。 为促进上市公司规范运作、健康发展，增强上市公司信 息透明度，加强与广大投资者沟通交流，进一步提升投资者 关系管理水平，黑龙江省上市公司协会联合深圳市全景网络 有限公司，将于 2022 年 5 月 12 日 14:30-16:30 在"全景路 演"（https://rs.p5w.net/html/132395.shtml）举办"黑 龙江省上市公司 2022 年投资者网上集体接待日活动暨业绩 说明会"。 出席本次活动人员：公司董事长或总经理、董事会秘书、 财务总监及相关人员。 为充分尊重投资者、提升交流的针对性，现就公司本次 活动提前向投资者公开征集问题，广泛听取投资者的意见和 建议。投资者可于 2022 年 5 月 12 日 12:00 前访问如下网站： https://ir.p5w.net/zj/，进入本 ...

Financial Performance - The company's operating revenue for Q1 2022 was RMB 643,220,232.87, representing a year-on-year increase of 9.80%[7] - The net profit attributable to shareholders of the listed company was RMB 138,883,343.22, reflecting a growth of 5.06% compared to the same period last year[7] - The basic earnings per share (EPS) was RMB 0.3125, showing a decrease of 5.45% year-on-year[7] - The total operating revenue for Q1 2022 was RMB 643,220,232.87, an increase of 9.8% compared to RMB 585,814,325.14 in Q1 2021[26] - The total operating costs for Q1 2022 were RMB 495,839,701.89, up from RMB 442,199,338.97 in Q1 2021, reflecting a year-over-year increase of 12.1%[26] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to reflect operational efficiencies[26] - The net profit attributable to shareholders of the parent company for Q1 2022 was ¥138,883,343.22, compared to ¥132,199,773.30 in Q1 2021, representing an increase of approximately 5.1%[30] - The total profit for Q1 2022 was ¥138,884,701.73, up from ¥132,184,729.72 in Q1 2021, indicating a growth of about 5.3%[30] - Operating profit for Q1 2022 reached ¥139,053,082.62, compared to ¥131,840,406.53 in Q1 2021, reflecting an increase of approximately 5.4%[30] Cash Flow and Investments - The net cash flow from operating activities was RMB 184,474,837.84, with no applicable year-on-year comparison[7] - The cash flow from operating activities for Q1 2022 was ¥184,474,837.84, a significant improvement from a negative cash flow of ¥101,385,274.06 in Q1 2021[34] - The company reported a net cash outflow from investing activities of ¥298,122,915.41 in Q1 2022, compared to a net inflow of ¥25,270,023.65 in Q1 2021[36] - The cash and cash equivalents at the end of Q1 2022 amounted to ¥1,534,383,512.22, down from ¥1,067,734,876.50 at the end of Q1 2021[36] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 5,049,329,597.06, an increase of 7.71% from the end of the previous year[9] - The total current assets as of March 31, 2022, amounted to RMB 2,808,016,121.53, compared to RMB 2,426,790,455.16 at the end of 2021, indicating a growth of 15.7%[22] - The total assets reached RMB 5,049,329,597.06 as of March 31, 2022, compared to RMB 4,687,841,159.80 at the end of 2021, representing an increase of 7.7%[26] - The total liabilities as of March 31, 2022, were RMB 1,939,629,099.25, compared to RMB 1,717,024,005.21 at the end of 2021, marking an increase of 12.9%[26] - The equity attributable to shareholders as of March 31, 2022, was RMB 3,109,700,497.81, up from RMB 2,970,817,154.59 at the end of 2021, reflecting a growth of 4.7%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,793[16] - The largest shareholder, Heilongjiang Publishing Group Co., Ltd., held 256,080,000 shares, accounting for 57.62% of the total shares[16] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable by 211.22%, primarily due to unpaid amounts for the 2022 spring teaching materials[12] - Accounts receivable increased significantly to RMB 397,363,821.44 in Q1 2022 from RMB 127,678,625.31 in Q1 2021, showing a growth of 211.5%[22] - Inventory decreased to RMB 179,176,336.51 in Q1 2022 from RMB 232,770,572.03 in Q1 2021, a decline of 23.1%[22] Research and Development - Research and development expenses for Q1 2022 were ¥1,369,076.53, slightly down from ¥1,385,724.68 in Q1 2021, indicating a decrease of approximately 1.2%[30] Taxation - The company recorded a tax expense of ¥1,358.51 in Q1 2022, compared to a tax benefit of ¥15,043.58 in Q1 2021[30]

Financial Performance - The company's operating revenue for 2021 was CNY 1,790,597,927.22, representing a 16.24% increase compared to CNY 1,540,410,005.28 in 2020[26]. - Net profit attributable to shareholders for 2021 reached CNY 442,929,480.26, a significant increase of 145.01% from CNY 180,781,113.53 in 2020[26]. - The net cash flow from operating activities for 2021 was CNY 286,682,169.93, up 17.15% from CNY 244,705,672.49 in 2020[26]. - The company's total assets increased to CNY 4,687,841,159.80 at the end of 2021, reflecting an 11.53% growth from CNY 4,203,140,558.19 at the end of 2020[26]. - Basic earnings per share for 2021 were CNY 1.0678, a 136.24% increase compared to CNY 0.4520 in 2020[26]. - The weighted average return on equity for 2021 was 16.75%, an increase of 8.85 percentage points from 7.90% in 2020[26]. - The net profit after deducting non-recurring gains and losses for 2021 was CNY 180,123,598.94, which is a 76.40% increase from CNY 102,111,321.00 in 2020[26]. - The company's net assets attributable to shareholders increased by 24.01% to CNY 2,970,817,154.59 at the end of 2021, compared to CNY 2,395,539,899.11 at the end of 2020[26]. - The total non-recurring gains and losses for 2021 amounted to CNY 262,805,881.32, significantly higher than CNY 78,669,792.53 in 2020[30]. - The company reported a net profit of CNY 132,199,773.30 in Q1 2021, but experienced a loss of CNY 56,905,967.61 in Q2 2021[29]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, totaling 44,444,444.50 yuan (including tax) based on the total share capital of 444,444,445 shares as of the end of 2021[7]. - The company implemented a cash dividend of RMB 0.44 per 10 shares, amounting to RMB 17,600,000.00, as approved in the 2020 annual shareholders' meeting[151]. Audit and Compliance - The company received a standard unqualified audit report from Zhongxing Caiguanghua Accounting Firm[5]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has not faced any issues with more than half of the directors being unable to ensure the authenticity, accuracy, and completeness of the annual report[9]. - The company's financial report is guaranteed to be true, accurate, and complete by the responsible persons, including the chairman and accounting supervisor[6]. Business Operations and Strategy - The company launched a five-year development plan focusing on high-quality development, diversification, and talent enhancement[36]. - The digital publishing business expanded, with a 10.53% year-on-year increase in the issuance of teaching materials and auxiliary books, totaling an increase of 12.6 million CNY[36]. - The company actively engaged in social responsibility initiatives, distributing over 1.9 million books related to party history education, with a total value exceeding 60 million CNY[36]. - The company has established a comprehensive distribution network, including 34 bookstores recognized as "cultural landmarks" in Heilongjiang Province[45]. - The company has undertaken 65 national publishing fund projects during the 13th Five-Year Plan period, showcasing its content resource advantage[43]. Market and Product Development - The company is focused on developing high-quality publications and enhancing the variety of educational materials, which contributed to the revenue growth[48]. - The company holds a 69.37% market share in the rental educational materials segment, with a total print volume of 38.47 million copies and a total revenue of 3.80 billion RMB[79]. - The company is actively expanding its training services for educational materials, enhancing its offerings to meet local educational needs[79]. - The company has obtained the necessary licenses to operate as the sole distributor of textbooks in Heilongjiang Province, valid until October 21, 2024[81]. Financial Management and Cost Control - In 2021, the company's sales expenses increased by 19.24% year-on-year, primarily due to higher employee compensation and promotional expenses[52]. - Management expenses decreased by 69.20% year-on-year, mainly due to the reversal of post-employment benefits amounting to 221 million RMB[52]. - Financial expenses dropped by 93.59% year-on-year, attributed to increased interest income[52]. - R&D expenses decreased by 52.44% year-on-year, as several R&D projects were completed[52]. - The company's main business revenue from publishing and distribution accounted for 90.80% of total revenue[53]. Employee and Management Structure - The total number of employees in the company and its main subsidiaries is 3,001, with 54 in the parent company and 2,947 in subsidiaries[145]. - The company has a total of 3,787 retired employees for whom it bears expenses[145]. - The company has established a competitive salary system linked to performance results to motivate employees[146]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 7.4798 million yuan[132]. - The company has implemented a training program for employees, focusing on capacity building and practical application of skills[147]. Governance and Compliance - The company has established a complete and independent organizational structure, including a shareholders' meeting, board of directors, and supervisory board, in compliance with relevant laws and regulations[107]. - The company has no instances of asset or resource occupation by shareholders that would harm its interests during the reporting period[107]. - The company has committed to ensuring that the prospectus and other issuance documents for the IPO do not contain false records, misleading statements, or significant omissions, and will bear individual and joint legal responsibility for their authenticity, accuracy, and completeness[183]. Future Outlook and Growth Plans - The company provided guidance for 2022, expecting revenue to grow by 10% to 1.32 billion[116]. - The company plans to leverage VR and AR technologies to create more integrated publishing products, aiming to seize development opportunities[96]. - The company aims to enhance its publishing business by leveraging regional characteristics and producing influential works, while also integrating digital publishing resources to improve product functionality and cultural value[101]. - The company plans to increase its market share in the education sector by promoting various educational materials and optimizing the structure of educational publishing products[102].

Financial Performance - The company's operating revenue for Q3 2021 was ¥640,415,262.37, a decrease of 8.51% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2021 was ¥184,939,397.77, an increase of 8.92% year-on-year[6]. - Basic earnings per share for Q3 2021 was ¥0.4458, reflecting a growth of 5.02% compared to the previous year[9]. - Total operating revenue for the first three quarters of 2021 reached CNY 1,405,945,630.07, an increase of 8.23% compared to CNY 1,298,611,233.16 in the same period of 2020[29]. - Net profit for the first three quarters of 2021 was CNY 260,233,203.46, compared to CNY 227,624,231.58 in 2020, representing an increase of 14.29%[32]. - Basic earnings per share for the first three quarters of 2021 were CNY 0.6426, up from CNY 0.5691 in the same period of 2020, indicating a growth of 12.93%[35]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥4,828,117,632.03, representing a 14.87% increase from the end of the previous year[9]. - Total current assets increased to RMB 2,562,714,599.34 from RMB 1,927,098,409.63 year-on-year[24]. - Total liabilities increased to RMB 1,961,262,922.09 from RMB 1,807,600,659.08, reflecting a rise in both current and non-current liabilities[27]. - The company's total assets reached RMB 4,828,117,632.03, up from RMB 4,203,140,558.19 year-on-year[21]. - Total liabilities and equity amounted to CNY 4,828,117,632.03, up from CNY 4,203,140,558.19 in 2020, an increase of 14.85%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,233[17]. - The largest shareholder, Heilongjiang Publishing Group Co., Ltd., holds 256,080,000 shares, accounting for 57.62% of total shares[17]. - The number of shares held by the top ten shareholders includes significant stakes from state-owned entities, indicating strong institutional support[17]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥143,144,576.61, a significant increase of 522.59%[9]. - Net cash inflow from operating activities amounted to ¥143,144,576.61, a significant improvement from a net outflow of ¥33,873,123.40 in the previous period[38]. - Total cash inflow from investment activities was ¥822,034,261.15, compared to ¥1,159,303,392.54 in the prior period, indicating a decrease in investment cash inflows[39]. - Cash inflow from financing activities totaled ¥242,637,319.89, reflecting a positive shift compared to the previous period's cash outflow[39]. - The ending balance of cash and cash equivalents increased to ¥1,271,346,914.67, up from ¥829,363,555.42 in the previous period[39]. Expenses - The company reported a decrease of 39.75% in R&D expenses, indicating reduced spending on research projects compared to the previous year[14]. - The company experienced a 104.40% increase in other operating expenses, primarily due to increased compensation for breaches of contract[14]. - Financial expenses decreased significantly to CNY 2,955,947.36 in 2021 from CNY 18,322,578.63 in 2020, a reduction of 83.87%[29]. - Cash paid to employees increased to ¥244,971,751.61 from ¥203,830,854.50, reflecting higher labor costs[38]. - Cash paid for taxes rose to ¥32,351,337.01 from ¥21,194,620.31, indicating an increase in tax liabilities[38]. Investment Income - The company's investment income rose by 58.01% year-on-year, primarily due to increased returns from financial products[14].

Financial Performance - The company's operating revenue for Q3 2021 was ¥640,415,262.37, a decrease of 8.51% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥184,939,397.77, an increase of 8.92% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥179,827,900.05, reflecting a significant increase of 25.70% compared to the previous year[7]. - The basic earnings per share for the quarter was ¥0.4458, a decrease of 5.02% from the same period last year[10]. - Total operating revenue for the first three quarters of 2021 reached RMB 1,405,945,630.07, an increase of 8.25% compared to RMB 1,298,611,233.16 in the same period of 2020[34]. - Net profit for the first three quarters of 2021 was RMB 260,233,203.46, compared to RMB 227,624,231.58 in the same period of 2020, representing a growth of 14.3%[34]. - Basic earnings per share for the first three quarters of 2021 were RMB 0.6426, an increase from RMB 0.5691 in the same period of 2020[36]. - The company reported a total profit of RMB 260,233,218.98 for the first three quarters of 2021, compared to RMB 227,632,979.13 in 2020, reflecting an increase of 14.3%[34]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥4,828,117,632.03, representing a growth of 14.87% compared to the end of the previous year[10]. - The company's total current assets as of September 30, 2021, amounted to RMB 2,562,714,599.34, an increase from RMB 1,927,098,409.63 at the end of 2020[23]. - Total liabilities as of September 30, 2021, were RMB 1,961,262,922.09, up from RMB 1,807,600,659.08 at the end of 2020[29]. - The company's total assets reached RMB 4,828,117,632.03, compared to RMB 4,203,140,558.19 at the end of 2020[29]. - The total equity increased to RMB 2,866,854,709.94 from RMB 2,395,539,899.11 at the end of 2020[29]. - The total liabilities and equity amounted to RMB 4,828,117,632.03, compared to RMB 4,203,140,558.19 in 2020, representing an increase of 14.8%[34]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥143,144,576.61, showing a significant decrease of 522.59% compared to the previous year[10]. - Cash flow from operating activities for the first three quarters of 2021 was RMB 1,064,057,819.97, compared to RMB 739,324,986.62 in 2020, indicating a significant increase of 43.8%[36]. - Operating cash inflow totaled CNY 1,129,910,607.73, an increase from CNY 820,955,995.75 in the previous period, reflecting a strong performance in cash generation[40]. - Cash outflow from operating activities was CNY 986,766,031.12, compared to CNY 854,829,119.15 previously, indicating increased operational expenses[40]. - Net cash flow from operating activities was CNY 143,144,576.61, a significant recovery from a negative CNY 33,873,123.40 in the prior period[40]. - Cash inflow from investment activities was CNY 822,034,261.15, down from CNY 1,159,303,392.54, showing a decline in investment returns[40]. - Cash outflow from investment activities amounted to CNY 1,059,627,912.85, compared to CNY 1,466,799,518.69 previously, indicating reduced investment spending[40]. - Net cash flow from investment activities was negative at CNY -237,593,651.70, an improvement from CNY -307,496,126.15 in the previous period[40]. - Cash inflow from financing activities totaled CNY 242,637,319.89, reflecting new capital raised[42]. - Net cash flow from financing activities was CNY 221,945,862.85, a recovery from a negative CNY 13,890,075.57 in the prior period[42]. - The ending cash and cash equivalents balance increased to CNY 1,271,346,914.67 from CNY 829,363,555.42, indicating improved liquidity[42]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,233, with the top ten shareholders holding 99.54% of the shares[18]. - Heilongjiang Publishing Group Co., Ltd. holds 256,080,000 shares, accounting for 57.62% of the total shares[18]. Operational Insights - The company plans to continue expanding its market presence and investing in new product development to drive future growth[16]. - The company has not disclosed any new product or technology developments in the current reporting period[22]. - The company reported a significant increase in trading financial assets due to increased purchases of wealth management products during the reporting period[15]. - The company experienced a 238.44% increase in accounts receivable, primarily due to outstanding payments for educational materials[15]. - Accounts receivable increased significantly to RMB 450,013,483.42 from RMB 132,965,171.33 year-over-year[26]. - Inventory decreased to RMB 195,674,802.55 from RMB 224,206,490.10 year-over-year[26]. - Research and development expenses for the first three quarters of 2021 were RMB 3,404,106.87, down from RMB 5,649,532.01 in 2020, showing a decrease of 39.8%[34]. - Other income for the first three quarters of 2021 was RMB 12,711,233.10, down from RMB 22,151,405.82 in 2020, indicating a decline of 42.5%[34].