视觉（中国）文化发展股份有限公司 投资者关系活动登记表 编号：2021-005 | --- | --- | --- | --- | |----------------|-------|--------------------------------------------|-------------------------------------------------------------------| | | | □ 特定对象调研 | 分析师会议 | | 投资者关系 | | □ 媒体采访 □ | 业绩说明会 | | 活动类别 | | □ 新闻发布会 | □ 路演活动 | | | | □ 现场参观 | | | | | □ 其他 | | | 参与单位名称 | | 详见附件。 | | | 时 | 间 | 2021 年 10 月 29 日 | 10:00-10:40 | | 地 | 点 | 公司会议室，电话会议 | | | | | 董事长：廖杰 | | | 上市公司接待 | | 董事、副总裁：柴继军 | | | 人员姓名 | | | 副总裁、董事会秘书、财务负责人：刘楠 | | | | 回答提问环节记录如下： ...

视觉（中国）文化发展股份有限公司 投资者关系活动登记表 编号：2021-006 | --- | --- | --- | |----------------|-------------------------------|----------------------------------------------------------------| | | □ 特定对象调研 | 分析师会议 | | 投资者关系 | □ 媒体采访 □ | 业绩说明会 | | 活动类别 | □ 新闻发布会 □ | 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称 | 详见附件 | | | 时 间 | 2021 年 12 月 28 日 | 10:00-11:10 。 | | 地 点 | 公司会议室，电话会议。 | | | 上市公司接待 | 董事、副总裁：柴继军 | | | 人员姓名 | | 副总裁、董事会秘书、财务负责人：刘楠。 | | | 1. | 问：元视觉平台的选品策略及定价机制？ | | | | 答：元视觉平台的选品，首先要符合公司的定位，寻求差异化 | | | | 发展，体现公司的核心 ...

视觉（中国）文化发展股份有限公司 投资者关系活动登记表 编号：2022-003 | --- | --- | --- | --- | |----------------|-------|------------------------------|------------------------------------------------------------| | | | □ 特定对象调研 | 分析师会议 | | 投资者关系 | | □ 媒体采访 □ | 业绩说明会 | | 活动类别 | | □ 新闻发布会 □ | 路演活动 | | | | □ 现场参观 | | | | | □ 其他 | | | 参与单位名称 | | 详见附件。 | | | 时 | 间 | 2022 年 8 月 29 日 | 10:00-11:10 | | 地 | 点 | 公司会议室，电话会议 | | | 上市公司接待 | | 董事、总裁：柴继军 | | | 人员姓名 | | 回答提问环节记录如下： | 副总裁、董事会秘书、财务负责人：刘楠 | | | | 1. 如何？ | 问：上半年主业国内外经营情况介绍？预计下半年恢复情况 | | ...

视觉（中国）文化发展股份有限公司 投资者关系活动登记表 编号：2022-004 | --- | --- | --- | --- | |-----------------------|-------|-------------------------------|--------------------------------------------------------------| | | | | | | | | □ 特定对象调研 | 分析师会议 | | 投资者关系 | | □ 媒体采访 □ | 业绩说明会 | | 活动类别 | | □ 新闻发布会 □ | 路演活动 | | | | □ 现场参观 | | | | | □ 其他 | | | 参与单位名称 | | 详见附件。 | | | 时 | 间 | 2022 年 10 月 31 日 | 10:00-10:40 | | 地 | 点 | 公司会议室，电话会议 | | | 上市公司接待 人员姓名 | | 董事、总裁：柴继军 | 副总裁、董事会秘书、财务负责人：刘楠 | | | | 回答提问环节记录如下： | | | | | 1. | 公司三季度扣非利润实现增长， ...

Financial Performance - The company's revenue for Q3 2022 was ¥177,121,800.89, a decrease of 3.73% year-on-year[7] - The net profit attributable to shareholders for Q3 2022 was ¥25,452,945.41, down 53.10% compared to the same period last year[7] - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥26,382,947.56, an increase of 5.46% year-on-year[7] - For the first three quarters of 2022, the total revenue reached ¥527,778,474.30, a slight increase of 0.68% year-on-year[12] - The net profit attributable to shareholders for the first three quarters was ¥80,331,469.02, a decline of 46.74% year-on-year[12] - The net profit for the current period is 80,788,278.44, a decrease of 47.1% compared to 152,658,179.94 in the previous period[34] - The total profit for the current period is 85,100,001.77, down 48.2% from 164,211,137.53 in the previous period[34] - Basic and diluted earnings per share decreased to 0.1147 from 0.2153, a decline of 46.9%[36] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,937,945,971.55, a decrease of 0.41% from the end of the previous year[7] - Total current assets decreased to CNY 560,513,279.60 from CNY 640,342,292.67, a decline of about 12.5%[30] - Total liabilities decreased to CNY 551,652,599.56 from CNY 689,936,126.05, a reduction of approximately 20.1%[30] - Long-term equity investments slightly decreased to CNY 1,313,063,341.77 from CNY 1,318,652,785.42, a decline of about 0.4%[30] - The company's total assets amounted to CNY 3,937,945,971.55, down from CNY 3,954,350,492.33, a decrease of approximately 0.4%[30] Cash Flow - Cash flow from operating activities showed a net increase of 144.25% year-on-year, totaling ¥86,655,083.87[7] - Cash inflow from operating activities totaled 520,090,999.08, an increase of 13.5% from 458,370,249.51 in the previous period[37] - Cash inflow from investment activities reached $100,006,508.87, a substantial increase from $21,679,899.38, marking a growth of 361%[40] - Cash outflow from investment activities totaled $106,224,739.77, up from $79,413,523.38, indicating a rise of 33.7%[40] - Cash flow from financing activities net amount decreased to -$180,404,996.69 from $9,636,776.63, reflecting a decline of 1,971%[40] - The total cash and cash equivalents at the end of the period were $221,439,569.38, down from $247,086,189.04, a decrease of 10.3%[40] Shareholder Information - The total number of common shareholders at the end of the reporting period was 67,148[18] - The top shareholder, Liang Jun, holds 12.58% of shares, totaling 88,162,627 shares[18] - Shareholder Liao Daoxun has pledged 28.82 million shares, representing 4.11% of the total share capital[23] - Shareholder Wu Yuru has pledged 41.39 million shares, representing 5.91% of the total share capital[23] - The company completed a share reduction plan, with a total of 24,117,651 shares sold, accounting for 3.44% of the total share capital[23] - The company plans to reduce shares by up to 2% through centralized bidding and block trading[22] Research and Development - Research and development expenses increased by ¥14,665,200, representing a growth of 32.47% year-on-year[14] - Research and development expenses increased to 59,836,463.01, up 32.6% from 45,171,230.41 in the previous period[34] Other Financial Metrics - The company reported a decrease in trading financial assets to RMB 16,035,152.56 as of September 30, 2022[24] - The company reported investment income of 27,849,030.07, a decrease of 50.1% compared to 55,669,744.96 in the previous period[34] - The tax expenses for the current period are 4,311,723.33, down 62.7% from 11,552,957.59 in the previous period[34] - Other comprehensive income after tax for the current period is 91,043,934.78, compared to -3,968,666.99 in the previous period, indicating a significant recovery[34]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 350,656,673.41, representing a 3.06% increase compared to CNY 340,240,969.59 in the same period last year[25]. - Net profit attributable to shareholders of the listed company decreased by 43.17% to CNY 54,878,523.61 from CNY 96,563,449.56 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was CNY 54,565,126.66, down 39.67% from CNY 90,447,306.46 in the previous year[25]. - The basic earnings per share decreased by 43.18% to CNY 0.0783 from CNY 0.1378 in the same period last year[25]. - The company's consolidated revenue for the first half of 2022 was 350.66 million yuan, a year-on-year increase of 3.06%, while the net profit attributable to shareholders decreased by 43.17% to 54.88 million yuan[48]. - The company achieved a net cash flow from operating activities of CNY 34,735,044.78, which is a marginal increase of 0.17% compared to CNY 34,676,479.69 in the same period last year[25]. - Operating costs increased by 20.51% to CNY 156,662,729.72 from CNY 130,003,338.42, while sales expenses rose by 22.82% to CNY 49,919,074.16 from CNY 40,645,429.99[71]. - Investment income surged by 1,349.08% to CNY 95,267,264.16 from CNY 6,574,336.36, primarily due to dividends received from equity investments[74]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,956,369,156.49, a slight increase of 0.05% from CNY 3,954,350,492.33 at the end of the previous year[25]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 278,273,249.42, representing 7.03% of total assets, a decrease of 1.19% compared to the previous year[81]. - Accounts receivable increased by CNY 48,584,900, reaching CNY 281,113,071.63, which is 7.11% of total assets, reflecting a 1.23% increase due to extended collection periods caused by the pandemic[81]. - Long-term equity investments totaled CNY 1,293,189,730.60, accounting for 32.69% of total assets, with a slight decrease of 0.66% from the previous year[81]. - Total liabilities decreased to CNY 646,316,770.38 from CNY 689,936,126.05, a reduction of approximately 6.3%[199]. - The company's total equity increased to CNY 3,310,052,386.11 from CNY 3,264,414,366.28, showing an increase of about 1.4%[199]. Strategic Initiatives - The company launched the "Blockchain+" strategy to expand its digital art C-end market, introducing a digital art trading platform in December 2021 and an NFT trading platform in May 2022[41]. - The company aims to expand its market share in the small and medium enterprise sector and long-tail market as a key long-term strategic goal[40]. - The company is actively participating in the national cultural digitalization strategy, leveraging its core advantages in copyright resources and technology innovation[47]. - The company launched the digital art trading platform "元视觉艺术网" and achieved compliance with regulatory requirements, becoming one of the first to obtain blockchain information service registration[70]. - The company plans to explore new cultural products and services in alignment with the "14th Five-Year Plan for Cultural Development" to contribute to national cultural digitalization[71]. Market Position and Partnerships - The company offers over 400 million images, 30 million videos, and 350,000 music tracks, making it one of the largest digital copyright content platforms globally[33]. - The company has established strategic partnerships with major internet platforms such as Tencent, Alibaba, and Baidu, effectively covering a vast number of B-end small and medium enterprises and individual users[40]. - The company has established close cooperation with nearly 300 professional copyright content institutions domestically and internationally[34]. - The company has signed content cooperation agreements with major media organizations, resulting in a nearly 70% year-over-year increase in the number of signed contributors through its 500px photography community and design community[62]. Creator Ecosystem - The company has over 500,000 signed creators globally, enhancing its competitive edge in the creator ecosystem[34]. - The number of directly signed clients on the digital copyright trading platform exceeded 14,000, representing a 6% year-on-year growth, with a renewal rate of over 80% for long-term clients with annual sales exceeding 100,000 yuan[48]. - The company has upgraded its creator service platform, "Creator Center," providing online services for creators, enhancing their submission experience[62]. Social Responsibility and Compliance - The company is committed to social responsibility, focusing on themes such as poverty alleviation, environmental protection, and education[119]. - The company has actively engaged in copyright protection initiatives, collaborating with various copyright associations to promote a healthy industry development[60]. - The company has established an independent content safety review team to enhance content quality and compliance services[101]. - The company is implementing measures to mitigate foreign exchange risks associated with its overseas business operations[105]. Shareholder and Governance - The company held its annual general meeting on June 22, 2022, to elect the new board of directors and supervisory board[160]. - The company completed the 2021 annual profit distribution plan, distributing a total profit of 15,412,703.59 CNY based on a total share capital of 700,577,436 shares, with a cash dividend of 0.22 CNY per 10 shares[3]. - The company has a significant shareholder structure with Liang Jun, Liao Daoxun, Wu Yuru, and Chai Jijun identified as actual controllers[179]. - The report indicates that there were no significant changes in the voting rights of shareholders during the reporting period[176].

Financial Performance - The company achieved operating revenue of CNY 155,043,265.87 in Q1 2022, representing a year-on-year increase of 11.79%[5] - Net profit attributable to shareholders was CNY 30,512,429.08, a decrease of 26.48% compared to the same period last year[5] - Basic earnings per share decreased by 26.35% to CNY 0.0436[5] - The operating profit for Q1 2022 was CNY 35,764,316.34, a decrease of 25.3% from CNY 47,825,183.04 in Q1 2021[18] - The net profit for Q1 2022 was ¥30,546,838.06, a decrease of 27.8% compared to ¥42,201,784.20 in Q1 2021[20] - Total comprehensive income for Q1 2022 was ¥27,761,587.22, down 42.5% from ¥48,279,977.36 in Q1 2021[20] Cash Flow - The net cash flow from operating activities increased significantly by 649.36% to CNY 7,045,836.96[5] - Cash inflow from sales of goods and services was ¥175,552,154.20, an increase of 37.1% from ¥127,980,192.92 in the same period last year[22] - Cash outflow for operating activities totaled ¥168,767,469.54, up from ¥141,733,554.07 in Q1 2021[23] - Cash and cash equivalents at the end of Q1 2022 were ¥260,986,037.62, down from ¥300,201,554.73 at the end of Q1 2021[23] - The company reported a financial expense of CNY 2,435,530.41 in Q1 2022, compared to a financial income of CNY -1,486,727.69 in Q1 2021[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,905,190,266.71, a decrease of 3.72% from the end of the previous year[5] - The company's total assets decreased to CNY 3,901,050,266.71 from CNY 3,954,350,492.33, a decline of 1.3%[16] - The total liabilities decreased to CNY 644,029,938.21 from CNY 689,936,126.05, a reduction of 6.7%[16] - The long-term equity investments stood at CNY 1,308,509,087.93, slightly down from CNY 1,318,652,785.42, a decrease of 3.2%[16] - The company's cash and cash equivalents decreased to approximately RMB 269.95 million from RMB 324.95 million at the beginning of the year, a decline of about 16.9%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 65,233[7] - The largest shareholder, Liang Jun, holds 12.66% of the shares, totaling 88,662,627 shares[7] - The company’s major shareholders plan to reduce their holdings by up to 2% through centralized bidding and block trading[8] - A total of 13.42 million shares were reduced by major shareholders, accounting for approximately 1.92% of the total share capital[8] - The company’s priority shareholders and their holdings were not detailed in the provided documents, indicating a focus on common shareholders[12] Strategic Initiatives - The company established partnerships with over 41 artists and copyright IP organizations on its digital art trading platform, generating sales exceeding CNY 10 million[5] - The company's "blockchain+" strategy has begun to take shape, with initial results in its to C business[5] - The company’s strategic focus includes potential market expansion and new product development, although specific details were not disclosed in the provided content[8] - The company aims to enhance its market presence and explore new strategies for growth, although specific future projections were not detailed in the report[18] Operating Costs - The total operating costs for Q1 2022 amounted to CNY 131,973,852.99, up from CNY 109,796,004.82 in the same period last year, reflecting a growth of 20.2%[18] - The company reported a decrease in sales expenses by CNY 6,623,000 due to an increase in the sales team size[4] - The R&D expenses for Q1 2022 were not explicitly stated but were part of the overall operating costs, which increased significantly[18] Other Financial Metrics - The weighted average return on net assets was 0.94%, down from 1.30% in the same period last year[5] - The company reported a prepayment amount of approximately RMB 17.12 million, an increase from RMB 10.75 million, indicating a growth of about 59.5%[12] - The company’s other receivables decreased to approximately RMB 38.59 million from RMB 42.96 million, a decline of about 10.5%[12] - The company did not undergo an audit for the Q1 2022 report[24]

Financial Performance - The company's operating revenue for 2021 was ¥657,250,842.49, representing a 15.22% increase compared to ¥570,451,577.66 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥152,852,973.13, an 8.00% increase from ¥141,534,168.10 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥124,551,895.11, up 3.59% from ¥120,238,354.84 in 2020[24]. - The basic earnings per share for 2021 was ¥0.2182, an increase of 8.02% compared to ¥0.2020 in 2020[27]. - The total assets at the end of 2021 were ¥3,954,350,492.33, a decrease of 2.09% from ¥4,038,764,458.85 at the end of 2020[27]. - The net assets attributable to shareholders at the end of 2021 were ¥3,258,707,964.41, reflecting a 2.95% increase from ¥3,165,236,909.22 at the end of 2020[27]. - The company achieved quarterly revenues of ¥138,686,345.37 in Q1, ¥201,554,624.22 in Q2, ¥183,980,603.17 in Q3, and ¥133,029,269.73 in Q4 of 2021[30]. - The weighted average return on equity for 2021 was 4.75%, up from 4.51% in 2020[27]. - In 2021, the company's consolidated revenue reached 657.25 million CNY, a year-on-year increase of 15.22%[64]. - The net profit attributable to shareholders was 152.85 million CNY, reflecting a year-on-year growth of 8.00%[64]. Business Strategy and Focus - The company has undergone a change in its main business focus from indoor theme park facilities and special film production to visual content and services since June 29, 2014[23]. - The company’s core business has shifted from B2B to B2C, capitalizing on the growth opportunities in the digital copyright industry[45]. - The company aims to expand its global creator ecosystem, having acquired Corbis and 500px to enhance its content offerings[50]. - The company launched the "Blockchain+" strategy and introduced the digital art trading platform, Yuan Visual Art Network, on December 26, 2021[65]. - The company plans to build a digital art trading platform "Vault by 500px" to facilitate global circulation of digital artworks and promote Chinese culture internationally[129]. - The company aims to enhance its service offerings by integrating blockchain technology for digital content rights management, improving collaboration efficiency among creators[141]. Market and Industry Insights - In 2020, China's online copyright industry market size reached 1,184.73 billion yuan, a year-on-year growth of 23.6%[40]. - User payment revenue in the online copyright industry reached 565.92 billion yuan, accounting for 47.8% of total revenue[40]. - The global digital video content market value reached $151.4 billion in 2021, expected to grow to $391.1 billion by 2027, with a CAGR of 13.38%[40]. - The global art market total transaction value reached $65.1 billion in 2021, a 29% increase from 2020, indicating a growing creator economy[45]. Partnerships and Collaborations - The company has established close partnerships with nearly 300 professional copyright content agencies, including Getty Images[50]. - The company has established strategic partnerships with major platforms like Alibaba, Tencent, and Baidu to enhance content reach and service delivery to small and micro enterprises[82]. - The company will continue to expand its strategic partnerships with mainstream media and government agencies to enhance content innovation and service delivery[133]. Governance and Management - The company maintains independence from its controlling shareholders in business, personnel, assets, institutions, and finance, ensuring compliance with relevant regulations[163]. - The company has a complete and independent organizational structure, ensuring no overlap with the controlling shareholders' enterprises[164]. - The company has established a robust governance structure, including a shareholders' meeting, board of directors, and supervisory board, to enhance operational standards[156]. - The board of directors is responsible for major business decisions and operates independently, with established committees fulfilling their respective duties[157]. Research and Development - R&D investment increased by 27.57% from 85,418,381.22 CNY in 2020 to 108,968,399.63 CNY in 2021, representing 16.58% of total revenue[107]. - The number of R&D personnel rose by 11.65% from 103 in 2020 to 115 in 2021, with the proportion of R&D staff decreasing by 1.50%[106]. - The company completed several key R&D projects aimed at enhancing user experience and operational efficiency, including the development of a creator center and system upgrades[106]. User Engagement and Growth - The number of signed clients on the digital copyright trading platform exceeded 23,000, representing a year-on-year growth of over 35%[64]. - The monthly unique visitors for the video material trading platform, VJshi.com, reached nearly 3 million, with over 3 million video items available[65]. - The digital copyright trading platform's long-tail user base grew to nearly 2 million, a year-on-year increase of over 40%[64]. - The company has over 20 million registered users and 500,000 signed creators across its two major creator communities, 500px and Aishijue[77]. Financial Management - The company’s cash and cash equivalents increased by 1,025.10% to 55,681,323.80 CNY in 2021 from 4,949,005.99 CNY in 2020[108]. - The total procurement amount from the top five suppliers was CNY 120,132,041.37, representing 41.35% of the annual procurement total[100]. - Financial expenses decreased by 73.33% to CNY 8,538,223.28, mainly due to reduced foreign exchange losses[103]. Future Outlook - The company plans to strengthen its collaboration with VJshi.com and other partners to enhance its digital copyright trading core business[140]. - The company aims to develop new market opportunities in video editing, design tools, and online services to cater to small and medium enterprises[140]. - Future guidance indicates a focus on sustainability initiatives, with a commitment to reduce carbon emissions by 15% over the next three years[193].

Revenue and Profit - The company's revenue for Q3 2021 was ¥183,980,603.17, an increase of 8.51% year-over-year, while the year-to-date revenue reached ¥524,221,572.76, up 18.64% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥54,271,656.21, reflecting a 9.09% increase year-over-year, with a year-to-date net profit of ¥150,835,105.77, up 23.53%[4] - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥25,016,802.33, a decrease of 47.24% year-over-year, while the year-to-date figure was ¥115,464,108.79, down 4.69%[4] - Total operating revenue for the current period reached ¥524,221,572.76, an increase of 18.6% compared to ¥441,868,870.51 in the previous period[28] - Net profit for the current period was ¥152,658,179.94, representing a 25.1% increase from ¥122,075,868.77 in the previous period[31] - Earnings per share (EPS) for the current period was ¥0.2153, compared to ¥0.1743 in the previous period[34] Cash Flow and Investments - The company reported a decrease in cash flow from operating activities, with a net cash flow of ¥35,477,772.53, down 31.17% year-to-date[4] - Cash paid for investment activities increased by 674.37% year-over-year, primarily due to equity investments in VJshi and Ai Design[12] - The cash inflow from operating activities totaled CNY 458,370,249.51, an increase of 6.0% compared to CNY 432,412,157.96 in the previous period[35] - The net cash outflow from investing activities was CNY -57,733,624.00, worsening from CNY -7,969,470.63 in the prior period[38] - The cash inflow from financing activities amounted to CNY 213,264,780.00, down 28.4% from CNY 297,607,254.04 in the previous period[38] - The company received CNY 21,677,899.38 from investment income, a significant drop from CNY 71,948,296.42 in the last period[36] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥4,113,592,224.15, an increase of 1.85% from the end of the previous year[4] - The company's total assets as of September 30, 2021, amount to approximately CNY 4.11 billion, an increase from CNY 4.04 billion at the end of 2020[20] - The company reported a total liability of ¥811,335,136.00, down 6.7% from ¥869,645,236.19 in the previous period[24] - Total liabilities decreased to $869,645,236.19 from $895,617,243.11, a reduction of about 2.9%[48] - Current liabilities totaled $649,393,214.63, down from $663,334,345.62, reflecting a decrease of approximately 2.9%[48] - Non-current liabilities decreased to $220,252,021.56 from $232,282,897.49, a decline of about 5.2%[48] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,317, with the top ten shareholders holding significant stakes[13] - Liang Jun holds 12.91% of shares, while Liao Daoxun and Wu Yurui hold 12.73% and 12.01% respectively, indicating a concentrated ownership structure[13] - The company has a significant number of pledged shares among its top shareholders, indicating potential liquidity risks[13] Expenses and Management - Management expenses increased by 49.50% year-over-year, primarily due to new stock option expenses[10] - Research and development expenses for the current period were ¥45,171,230.41, an increase of 28.9% from ¥35,015,406.01 in the previous period[28] - The cash paid for purchasing goods and services was CNY 211,577,598.06, an increase of 24.6% from CNY 169,816,616.51 in the previous period[35] - The cash paid to employees was CNY 115,003,510.42, which increased by 11.8% compared to CNY 102,793,864.36 in the last period[35] - The cash outflow for taxes paid was CNY 39,050,028.10, a decrease of 12.2% from CNY 44,511,274.74 in the previous period[35] Strategic Focus - The company plans to focus on its core business and expand its market share in small and long-tail markets, with increased investment in new technologies and products[8] - The company continues to focus on maintaining a strong equity position while managing liabilities effectively[48] - The financial data indicates a stable financial position despite slight declines in total assets and liabilities[48]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥340,240,969.59, representing a 24.94% increase compared to ¥272,314,514.68 in the same period last year[27]. - The net profit attributable to shareholders for the first half of 2021 was ¥96,563,449.56, a 33.46% increase from ¥72,354,609.13 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥90,447,306.46, up 22.68% from ¥73,725,846.63 in the same period last year[27]. - The basic earnings per share for the first half of 2021 was ¥0.1378, reflecting a 33.40% increase from ¥0.1033 in the previous year[27]. - The total assets at the end of the reporting period were ¥4,050,836,299.01, a slight increase of 0.30% from ¥4,038,764,458.85 at the end of the previous year[27]. - The net assets attributable to shareholders at the end of the reporting period were ¥3,247,000,893.60, which is a 2.58% increase from ¥3,165,236,909.22 at the end of the previous year[27]. - The net cash flow from operating activities for the first half of 2021 was ¥34,676,479.69, showing a decrease of 0.93% compared to ¥35,003,425.14 in the same period last year[27]. - The weighted average return on net assets for the first half of 2021 was 3.01%, an increase of 0.69% from 2.32% in the previous year[27]. - The company reported a revenue of approximately ¥340.24 million, a year-on-year increase of 24.94%, while operating costs rose by 32.58% to ¥130.00 million due to increased business scale[85]. - Revenue from the internet media segment was ¥339,105,755.66, accounting for 99.67% of total revenue, with a year-on-year growth of 25.10%[92]. - Domestic revenue reached ¥320,190,021.56, representing 94.11% of total revenue, with a year-on-year increase of 31.44%[92]. - The company’s investment income for the period was ¥23,135,339.97, contributing 21.60% to the total profit[94]. Strategic Goals and Market Expansion - The company aims to expand its market share in the small and micro-enterprise sector, which is a key long-term strategic goal[47]. - The company aims to expand its market share in small and medium enterprises and long-tail markets as a key strategic goal[54]. - The company is focusing on the expansion of its audio and video business to meet the growing market demand in the 5G era[42]. - The company has implemented a "Visual+" strategy for large clients, providing a comprehensive one-stop solution that includes customized production and intelligent tools[46]. - The company is leveraging technology and content to connect with various internet platforms, enhancing its reach to small and micro-enterprises[47]. Content and Copyright Management - The company has established a full-process copyright protection system, positioning itself as an industry benchmark in copyright protection and content monetization[44]. - The company has paid nearly CNY 1.2 billion in copyright licensing and service fees to global content providers from 2014 to 2020, promoting a healthy copyright ecosystem[43]. - The company has established strategic partnerships with over 280 domestic and international copyright content agencies, enhancing its global content ecosystem[39]. - The company continues to focus on copyright protection and content safety audits to mitigate risks associated with copyright infringement and content quality[115][116]. - The company has a significant competitive advantage with over two-thirds of its content being high-quality exclusive or proprietary material[42]. Client Acquisition and Retention - The company signed over 13,000 direct clients, with a year-on-year growth exceeding 40%[54]. - The renewal rate for long-term clients with annual sales exceeding 100,000 CNY reached 85%[54]. - The number of long-tail users accessed through the internet platform surpassed 910,000, showing a year-on-year growth of over 30%[54]. - The number of paid clients in the small and medium enterprise segment increased by 66% year-on-year, reflecting successful customer acquisition strategies[70]. - The company achieved a renewal rate of 85% for long-term clients with annual sales exceeding 100,000 RMB, indicating high customer retention in the KA client segment[68]. Research and Development - R&D investment increased by 26.73% to approximately ¥50.73 million, reflecting the company's commitment to innovation[85]. - Research and development expenses increased to ¥27,990,380.58, up 34.16% from ¥20,864,006.10 in the previous year, primarily due to increased R&D investments[89]. - The company established a research and development center in Wuhan, increasing its investment in technology R&D to enhance its core capabilities and optimize its business model[77]. Shareholder and Equity Information - The total number of shares before the recent changes was 700,577,436, with a reduction of 10,875,375 shares, resulting in a total of 689,702,061 shares[183]. - The proportion of limited shares decreased from 15.25% to 13.70% after the changes, while unlimited shares increased from 84.75% to 86.30%[183]. - The total number of limited shares at the end of the period was 95,959,338, down from 106,834,713 at the beginning[186]. - The company’s executive Liang Jun had 67,809,470 shares locked, reduced from 70,434,470 shares[186]. - The company’s executive Chai Jijun had 26,071,596 shares locked after a reduction of 8,250,000 shares[186]. - The total number of shares held by shareholders decreased by 10,875,375 shares during the reporting period[186]. - The total number of common shareholders at the end of the reporting period was 47,196[190]. - The largest shareholder, Liang Jun, holds 12.91% of the shares, totaling 90,412,627[190]. - The second-largest shareholder, Liao Daoxun, holds 12.73% of the shares, totaling 89,161,290[190]. - The third-largest shareholder, Wu Yurui, holds 12.01% of the shares, totaling 84,161,290[190]. Legal and Compliance Matters - The company faced 2 lawsuits with a total amount involved of 10.83 million yuan and 9 lawsuits with an amount of 4.579 million yuan, with some cases already concluded[148]. - The company has not experienced any penalties or rectification situations during the reporting period[149]. - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[141]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[142]. Social Responsibility and Community Engagement - The company emphasizes a commitment to social responsibility, ensuring fair treatment of employees and compliance with labor laws, with over 60% of employees being female[134]. - The company has actively engaged in the "Visual Enlightenment of China" public welfare program, focusing on environmental protection, education, and cultural themes[135]. - The company has implemented comprehensive epidemic prevention measures since the outbreak of COVID-19, including temperature monitoring and vaccination encouragement[135].