Group 1: Company Overview - Huamei Holdings is positioned as a "city life service provider with a core platform of modern media clusters" [3] - The company engages in various media-related businesses, including print media, online platforms, mobile internet services, event planning, and logistics [3][4] - Huamei Holdings aims to strengthen its position in the media industry through strategic acquisitions and investments [3] Group 2: Strategic Acquisitions - The company acquired a 60% stake in Zhongjiao Future, maintaining a controlling interest while allowing the original team to retain some equity for motivation [4] - Huamei Holdings has made significant acquisitions, including Kuaidian Media and Zhongjiao Future, focusing on operational promotion and education services [4][5] - Zhongjiao Future operates in five sectors: vocational education, IT education, international education, online education, and arts education [4] Group 3: Financial and Operational Strategies - The company currently holds 52.08% of shares, adhering to the requirement of over 51% for state-owned holdings, with limited dilution space [4] - Huamei Holdings has not established a dedicated merger fund but operates smaller industry funds [5] - The company holds a 40% stake in the Cultural Exchange Center, which manages copyright transactions and cultural project investments [6] Group 4: Future Plans and Market Position - The company is focused on expanding its cultural property trading business and upgrading traditional media operations [6] - Huamei Holdings is confident in leveraging government support to integrate quality resources and enhance its market position [3]

编号：2017-002 证券代码：000607 证券简称：华媒控股 浙江华媒控股股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|-------------------------------|-------------|------------| | 投资者关系活动 类别 | ■ 特定对象调研 \n工作单位 | 姓名 | 职务 | | | 财通证券 | 杨冰 | 研究员 | | | 财通证券 | 赵月亮 | 研究员 | | | 财通证券 | 吕祎 | 研究员 | | 参与单位名称及 | 广发证券 | 张浩 | 高级经理 | | 人员姓名 | 瑞特资管 | 王忆宁 | 投资经理 | | | 千合资本 | 殷萌 | 研究员 | | | 中泰证券 | 宋易潞 | 研究员 | | | 千岁兰资管 | 姚姿 | 执行合伙人 | | 时间 | 2017 年 9 月 21 日 | 14:30-16:30 | | | 地点 | 公司会议室 | | | | | 公司董事会秘书 | 高坚强 | | | 上市公司接待人 员姓名 | 董事会办公 ...

编号：2018-002 证券代码：000607 证券简称：华媒控股 浙江华媒控股股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |---------------------|-------------------------------|---------|--------------| | 投资者关系活动 类别 | ■ 特定对象调研 \n工作单位 | 姓名 | 职务 | | | 财通证券 | 王 冰 | 研究员 | | | 财通证券 | 翁晋翀 | 投资管理部 | | | 财通证券 | 张画平 | 投资顾问 | | | 财通证券 | 付 俊 | 研究员 | | | 财通证券 | 吕 行 | 市场总监 | | | 悦天资管 | 陆佳伟 | 研究部总经理 | | 参与单位名称及 | 中信证券 | 方建平 | 高级理财顾问 | | 人员姓名 | 永禧资产 | 徐廷玮 | 投资经理 | | | 光证资管 | 陈 飞 | 研究员 | | | 观海资产 | 庞 杰 | 投资总监 | | | 硕佑投资 | 苏存正 | 投资经理 | | | 海通证券 | 强超廷 | 研究员 | | ...

编号：2018-001 证券代码：000607 证券简称：华媒控股 浙江华媒控股股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|-------------------------------|--------------------------------------------|-------------------| | 投资者关系活动 类别 | ■ 特定对象调研 \n工作单位 | 姓名 | 职务 | | 参与单位名称及 | 财通证券 | 吕 祎 | 分析师 | | 人员姓名 | 长城证券 | 何思霖 | 研究员 | | 时间 | 2018 年 1 月 17 日 | 15:00-16:00 | | | 地点 | 公司会议室 | | | | 上市公司接待人 员姓名 | 证券事务代表 | 张江瑾 | | | 投资者关系活动 | 一、简要介绍公司基本情况 | | | | 主要内容介绍 | 二、简要交流 | | | | | 1 、 | 问：中教未来的目前的业务发展得如何？ | | | | | 答：中教未来的业务主要有：职业教 ...

Group 1: Company Overview - Zhejiang Huamei Holdings Co., Ltd. is involved in various media and cultural sectors, leveraging a comprehensive media matrix that covers over 200 million users [3]. - The company operates a digital economy industrial park based on blockchain technology, with a focus on cultural and technological innovation [4]. Group 2: Shareholder Information - The controlling shareholder, Huali Group, has a shareholding of over 5% and has announced a reduction plan, with the disclosure made on November 21, 2019 [2]. - The company ensures proper information disclosure regarding shareholder decisions [3]. Group 3: Revenue Composition - The company's revenue is primarily derived from advertising and planning services, accounting for approximately 50% of total revenue [6]. - Other revenue sources include publishing and printing (around 25%), education (approximately 15%), and miscellaneous activities (10%) [6]. Group 4: Financial Management - The company utilizes idle funds for financial products, with a maximum annual limit set at 350 million CNY for 2019, and the balance for entrusted financial management reported at over 100 million CNY as of Q3 2019 [7]. - Asset impairment losses were recognized in 2019, primarily related to receivables and long-term equity investments, with specific amounts pending final assessment [8].

编号：2019-001 证券代码：000607 证券简称：华媒控股 浙江华媒控股股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |---------------------|-------------------------------|-------------|--------| | 投资者关系活动 类别 | ■ 特定对象调研 \n工作单位 | 姓名 | 职务 | | | 中大君悦 | 张晓晓 | 研究员 | | | 农银汇理 | 张亚楠 | 研究员 | | 参与单位名称及 | 朱雀投资 | 杨 莉 | 研究员 | | 人员姓名 | 融湖投资 | 邓小珊 | 研究员 | | | 永赢基金 | 王浩聿 | 研究员 | | | 天风证券 | 宋雨翔 | 研究员 | | 时间 | 2019 年 3 月 1 日 | 14:00-16:00 | | | 地点 | 公司会议室 | | | | 上市公司接待人 | 新媒体部主任 陈欣文 | | | | 员姓名 | 证券事务代表 张江瑾 | | | | 投资者关系活动 | 一、观看公司宣传片 | | | | 主要内容介绍 | 二、简 ...

证券代码：000607 证券简称：华媒控股 编号：2022-001 浙江华媒控股股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|----------------------------------------------|----------------------------------------------|--------------------------------------------------------| | 投资者关系活动 类别 | ■ 特定对象调研 | | | | | 工作单位 | 姓名 | 职务 | | 参与单位名称及 人员姓名 | 东吴证券 | 周良玖 | 高级分析师 | | | 东吴证券 | 郭若娜 | 助理 | | 时间 | 2022 年 1 月 5 | 日 10:30-11:30 | | | 地点 | 公司办公室 | | | | 上市公司接待人 员姓名 | 董事会秘书 证券事务代表 | 高坚强 张江瑾 | | | | 一、简要介绍公司基本情况 二、简要交流 | | | | | 1 ...

证券代码：000607 证券简称：华媒控股 编号：2022-002 浙江华媒控股股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------------------------|--------------------------------------------------| | 投资者关系活动 类别 | ■ 特定对象调研 \n工作单位 | 姓 名 | | 参与单位名称及 人员姓名 | 开源证券 | 方光照 | | | 开源证券 | 林 瑶 | | 时间 | 2022 年 1 月 10 日 14:30-15:30 | | | 地点 | 公司会议室 | | | 上市公司接待人 员姓名 | 证券事务代表 张江瑾 法务经理 俞 谦 | | | | 一、简要介绍公司基本情况 | | | | | 华媒控股是目前中国资本市场中两家媒体经营性资产整 | | | 体上市公司之一、杭州市第二家国有上市文化企业，实际控制 | | | | 人是杭报集团。 | | | | 华媒控股是杭 ...

[Major Financial Data](index=2&type=section&id=Item%20I.%20Major%20Financial%20Data) This section presents the company's key financial performance indicators and balance sheet items for the reporting period [Key Accounting Data and Financial Indicators](index=2&type=section&id=Item%28I%29.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's performance declined in the first three quarters of 2022, with operating revenue down 10.40% to CNY 1.218 billion and net profit attributable to shareholders decreasing by 28.78% to CNY 55.376 million Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Year-to-Date | Year-to-Date YoY Change | Current Reporting Period (Q3) | Current Period YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,217,988,090.94 | -10.40% | 420,319,864.84 | -12.44% | | Net Profit Attributable to Shareholders (CNY) | 55,376,103.06 | -28.78% | 13,645,699.77 | -36.87% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (CNY) | 23,649,373.70 | -55.06% | 6,013,611.11 | -58.80% | | Net Cash Flow from Operating Activities (CNY) | -75,025,119.24 | -11.74% | — | — | | Basic Earnings Per Share (CNY/share) | 0.05 | -37.50% | 0.01 | -50.00% | | Total Assets (CNY) | 3,699,384,305.27 | -3.16% (compared to year-end) | | | | Total Equity Attributable to Shareholders (CNY) | 1,541,747,396.18 | 3.85% (compared to year-end) | | | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%28II%29.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In the first three quarters of 2022, the company's non-recurring gains and losses totaled CNY 31.727 million, significantly contributing to net profit, primarily from government grants of CNY 23.505 million and fair value changes/disposal gains of financial assets at CNY 6.292 million Non-recurring Gains and Losses Items for the First Three Quarters of 2022 | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Government Grants | 23,505,438.64 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets/Liabilities Held for Trading | 6,292,299.74 | | Gains/Losses from Disposal of Non-current Assets | 921,668.30 | | Other Non-operating Income and Expenses | 878,232.70 | | Gains/Losses from Entrusted Investments or Asset Management | 663,053.89 | | **Total** | **31,726,729.36** | [Analysis of Major Financial Indicator Changes](index=3&type=section&id=Item%28III%29.%20Analysis%20of%20Major%20Financial%20Indicator%20Changes) The company experienced significant financial indicator changes, including a 307.43% increase in debt investments, a 50.72% decrease in short-term borrowings, a 124.31% increase in long-term borrowings, a surge in fair value change gains, and a 32.37% decrease in investment income - Debt investments at period-end increased by **307.43%** compared to the beginning of the period, primarily due to an increase in large-denomination certificates of deposit[9](index=9&type=chunk) - Short-term borrowings at period-end decreased by **50.72%** compared to the beginning of the period, mainly due to repayment of bank loans; long-term borrowings increased by **124.31%** due to increased bank borrowings by subsidiaries for operational needs[9](index=9&type=chunk)[10](index=10&type=chunk) - Gains from changes in fair value increased by **19232.70%** year-on-year, primarily due to increased fair value gains from financial assets held for trading by subsidiaries[11](index=11&type=chunk) - Investment income decreased by **32.37%** year-on-year, mainly due to reduced income recognized from companies accounted for using the equity method[10](index=10&type=chunk) [Shareholder Information](index=3&type=section&id=Item%20II.%20Shareholder%20Information) This section provides details on the company's common stock and preferred stock shareholders, including total numbers and top holders [Common Stock Shareholding Status](index=3&type=section&id=Item%28I%29.%20Total%20Number%20of%20Common%20Stock%20Shareholders%2C%20Preferred%20Stock%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of Q3 2022, the company had 41,920 common stock shareholders, with Hangzhou Daily Press Group Co., Ltd. as the controlling shareholder holding 48.07%, and Hangzhou Daily Press Group Co., Ltd. and Dushi Kuaibao News Agency identified as parties acting in concert among the top ten shareholders - As of the end of the reporting period, the company had **41,920** common stock shareholders[13](index=13&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Hangzhou Daily Press Group Co., Ltd. | State-owned Legal Person | 48.07% | 489,256,177 | | Huali Group Co., Ltd. | Domestic Non-state-owned Legal Person | 4.66% | 47,408,102 | | Dushi Kuaibao News Agency | State-owned Legal Person | 3.95% | 40,194,438 | | Lei Lijun | Domestic Natural Person | 1.09% | 11,072,880 | | Tan Xining | Domestic Natural Person | 0.38% | 3,866,100 | [Preferred Stock Shareholding Status](index=4&type=section&id=Item%28II%29.%20Total%20Number%20of%20Preferred%20Stock%20Shareholders%20and%20Top%2010%20Preferred%20Stock%20Shareholders%27%20Holdings) The company had no preferred stock shareholders during the current reporting period - The company has no preferred stock shareholders[15](index=15&type=chunk) [Other Significant Matters](index=4&type=section&id=Item%20III.%20Other%20Significant%20Matters) During the reporting period, the company disclosed several significant matters, including the proposed deregistration and equity transfer of Dushi Kuaibao News Agency, financial assistance to a subsidiary, updates on external guarantees, successful issuance of CNY 260 million ultra-short-term commercial paper, and management changes with the appointment of a new general manager - The controlling shareholder's party acting in concert, Dushi Kuaibao News Agency, plans to deregister due to institutional reform and transfer its company equity to Zhejiang Dukuai Media Group Co., Ltd. without compensation; this matter is still in progress[15](index=15&type=chunk) - The company provided financial assistance of up to **CNY 181.5 million** to its subsidiary Hangzhou Xiaowen Commercial Management Co., Ltd. based on its shareholding proportion[15](index=15&type=chunk) - The company issued its first tranche of ultra-short-term commercial paper for 2022, totaling **CNY 260 million** at an interest rate of **2.65%**[17](index=17&type=chunk) - Company management changes: Mr. Zhang Jianqiu resigned as General Manager, and Mr. Zhang Shaohong was appointed as the new General Manager[17](index=17&type=chunk)[18](index=18&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section provides the company's unaudited consolidated and parent company financial statements for the third quarter of 2022, including balance sheets, income statements, and cash flow statements [Financial Statements](index=6&type=section&id=Item%28I%29.%20Financial%20Statements) This chapter presents the company's core consolidated and parent company financial statements for the third quarter of 2022, including balance sheets, income statements, and cash flow statements, reflecting the financial position, operating results, and cash flows [Consolidated Balance Sheet](index=6&type=section&id=Item%201.%20Consolidated%20Balance%20Sheet) As of September 30, 2022, the company's total assets were CNY 3.699 billion, a 3.16% decrease from the beginning of the year; total liabilities were CNY 1.906 billion, a 8.64% decrease; and total equity attributable to the parent company was CNY 1.542 billion, a 3.85% increase Key Items from Consolidated Balance Sheet (September 30, 2022) | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,699,384,305.27 | 3,820,073,993.10 | -3.16% | | Total Liabilities | 1,905,753,719.11 | 2,085,953,120.81 | -8.64% | | Total Equity Attributable to Parent Company Shareholders | 1,541,747,396.18 | 1,484,543,349.14 | 3.85% | [Consolidated Income Statement](index=8&type=section&id=Item%202.%20Consolidated%20Income%20Statement%20Year-to-Date) In the first three quarters of 2022, the company's total operating revenue was CNY 1.218 billion, a 10.40% year-on-year decrease; total operating costs were CNY 1.218 billion, a 9.74% decrease; and net profit attributable to parent company shareholders was CNY 55.376 million, a 28.78% decrease Key Items from Consolidated Income Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,217,988,090.94 | 1,359,418,292.55 | -10.40% | | Total Operating Costs | 1,217,507,244.27 | 1,348,875,233.73 | -9.74% | | Total Profit | 65,996,605.77 | 81,768,632.52 | -19.29% | | Net Profit Attributable to Parent Company Shareholders | 55,376,103.06 | 77,748,674.04 | -28.78% | | Basic Earnings Per Share | 0.05 | 0.08 | -37.50% | [Consolidated Cash Flow Statement](index=10&type=section&id=Item%203.%20Consolidated%20Cash%20Flow%20Statement%20Year-to-Date) In the first three quarters of 2022, net cash flow from operating activities was a CNY 75.025 million outflow, investment activities generated a CNY 31.051 million inflow, and financing activities resulted in a CNY 96.047 thousand outflow, with cash and cash equivalents at period-end totaling CNY 601.143 million Key Items from Consolidated Cash Flow Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -75,025,119.24 | -67,143,483.58 | | Net Cash Flow from Investing Activities | 31,051,343.36 | -29,222,476.38 | | Net Cash Flow from Financing Activities | -96,047.49 | 21,306,314.47 | | Net Increase in Cash and Cash Equivalents | -44,069,823.37 | -75,059,645.49 | | Cash and Cash Equivalents at Period-End | 601,142,551.54 | 673,673,103.18 | [Parent Company Income Statement](index=13&type=section&id=Parent%20Company%20Income%20Statement) In the first three quarters of 2022, the parent company's operating revenue was CNY 12.220 million, a 36.77% year-on-year decrease, and net profit was CNY 8.098 million, a 47.00% decrease, indicating a more significant decline than the consolidated results Key Items from Parent Company Income Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 12,220,342.85 | 19,327,043.08 | -36.77% | | Operating Profit | 8,087,683.11 | 15,274,609.85 | -47.05% | | Net Profit | 8,097,794.11 | 15,274,609.85 | -47.00% | [Parent Company Cash Flow Statement](index=14&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In the first three quarters of 2022, the parent company's net cash flow from operating activities was a CNY 58.927 million outflow, investing activities generated a CNY 137 million inflow, and financing activities resulted in a CNY 90.338 million outflow, leading to a net decrease of CNY 12.448 million in cash and cash equivalents Key Items from Parent Company Cash Flow Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -58,927,121.82 | -114,622,578.87 | | Net Cash Flow from Investing Activities | 136,817,025.63 | 83,472,551.85 | | Net Cash Flow from Financing Activities | -90,337,650.55 | 9,330,104.31 | | Net Increase in Cash and Cash Equivalents | -12,447,746.74 | -21,819,922.71 | [Audit Report](index=15&type=section&id=Item%28II%29.%20Audit%20Report) The company's third-quarter 2022 financial report is unaudited - The company's third-quarter report is unaudited[37](index=37&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was ¥797,668,226.10, a decrease of 9.29% compared to ¥879,363,385.22 in the same period last year[25]. - The net profit attributable to shareholders was ¥41,730,403.29, down 25.66% from ¥56,134,238.51 year-on-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,635,762.59, a decline of 53.62% compared to ¥38,025,613.01 in the previous year[25]. - The basic earnings per share decreased by 33.33% to ¥0.04 from ¥0.06 in the same period last year[25]. - The diluted earnings per share also fell by 33.33% to ¥0.04 compared to ¥0.06 in the previous year[25]. - The weighted average return on net assets was 2.77%, down from 4.04% in the same period last year, a decrease of 1.27%[25]. - The company achieved operating revenue of 797.67 million yuan, a year-on-year decrease of 9.29%, and net profit attributable to shareholders of 41.73 million yuan, down 25.66% due to reduced market demand from outdoor advertising and printing businesses impacted by pandemic control measures[40]. - The total comprehensive income for the period was 36,141,384.85 CNY, a decrease from the previous year's figure, indicating a decline in profitability[163]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to ¥1,582,851.02, compared to a negative cash flow of ¥63,454,067.78 in the same period last year, marking a 102.49% increase[25]. - The company's cash and cash equivalents decreased by 60.93% to a net outflow of ¥52,433,211.44, mainly due to the recovery of partner enterprise investments[61]. - The total cash inflow from operating activities was 99,133,576.33 CNY, down from 145,170,125.56 CNY in the first half of 2021, representing a decrease of approximately 31.7%[160]. - The net cash flow from financing activities for the first half of 2022 was -¥135,611,472.88, worsening from -¥9,199,832.96 in the first half of 2021[158]. - The total assets at the end of the reporting period were ¥3,657,968,457.94, a decrease of 4.24% from ¥3,820,073,993.10 at the end of the previous year[25]. - The total liabilities amounted to CNY 1,103,944,933.25, a decrease from CNY 1,173,005,533.23 in the previous year[150]. - The total equity increased to CNY 2,557,420,925.48 from CNY 2,545,470,576.22, indicating a slight growth of 0.3%[150]. Market and Industry Trends - The advertising market experienced a year-on-year decline of 11.8% in the first half of 2022, primarily due to instability in domestic and international markets and the impact of the pandemic[37]. - The vocational education market in China is projected to exceed ¥640 billion by 2023, reflecting a growing demand for skilled talent across various industries[38]. - The preschool education market in China is expected to surpass ¥1.205 trillion by 2023, driven by rising parental investment in early childhood education[39]. Business Operations and Strategy - The company continues to engage in advertising planning and publishing, with a competitive advantage in regional media through partnerships with strong local newspapers[34]. - The company operates various new media platforms, including WeChat and mobile apps, to enhance its marketing and promotional activities[35]. - The company has maintained its business model in education, focusing on partnerships with universities and independent training services to generate revenue[36]. - The company is involved in large-scale exhibition planning and execution, contributing to both economic and social benefits[34]. - The company has established a comprehensive education platform covering vocational, international, IT, arts, and online education, maintaining a leading position in the regional market[56]. Related Party Transactions and Governance - The company has committed to minimizing and regulating related party transactions to safeguard the rights of minority shareholders[93]. - The company will ensure that related party transactions are conducted fairly and reasonably, following legal and procedural requirements[93]. - The company has outlined specific measures to avoid conflicts of interest in its dealings with Huazhi Holdings[93]. - The company reported a total of 13,777.36 million yuan in related party transactions during the reporting period, with a significant portion being 2,971.70 million yuan for editing services[102]. Research and Development - Research and development expenses increased by 28.75% to ¥6,085,256.95, indicating a focus on innovation and new product development[61]. - The company has not reported any significant new product developments or technological advancements in the current reporting period[110]. Financial Instruments and Accounting Policies - Financial instruments are classified into financial assets, financial liabilities, and equity instruments, with initial recognition at fair value[192]. - The company recognizes income from financial assets based on the effective interest method, with adjustments for credit impairment[194]. - The company applies equity method accounting for investments in joint ventures, recognizing its share of net assets[190]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,912[124]. - The largest shareholder, Hangzhou Daily Media Group, holds 48.07% of the shares, totaling 489,256,177 common shares[124]. - The second-largest shareholder, Huali Group Co., Ltd., holds 4.66% of the shares, totaling 47,408,102 common shares, with a decrease of 2,000,000 shares during the reporting period[124].