Financial Performance - The company's operating revenue for the first half of 2023 was ¥95,699,483.06, a decrease of 73.31% compared to ¥358,562,665.47 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥43,399,288.32, representing a decline of 246.32% from a profit of ¥29,660,673.60 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥14,151,827.43, down 118.63% from ¥75,944,473.37 in the same period last year[20]. - The net cash flow from operating activities was ¥46,742,829.43, a decrease of 29.29% compared to ¥66,102,774.69 in the previous year[20]. - Basic and diluted earnings per share were both -¥0.04, a decline of 233.33% from ¥0.03 in the same period last year[20]. - The weighted average return on net assets was -2.90%, down 4.86% from 1.96% in the previous year[20]. - Total assets at the end of the reporting period were ¥2,197,744,838.41, a decrease of 4.12% from ¥2,292,104,999.77 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,474,515,464.68, down 2.86% from ¥1,517,914,753.00 at the end of the previous year[20]. Revenue Breakdown - E-commerce revenue increased by 83.63% year-on-year, reaching CNY 15,305,615.48[27]. - The revenue from film and television productions and derivatives dropped by 87.61% to ¥38,155,542.14, down from ¥307,919,610.77[40]. - The operating cost decreased by 84.75% to ¥34,830,632.90 from ¥228,433,137.12, primarily due to reduced sales of film and television productions[38]. Investment and Development - Research and development investment increased by 123.72% to ¥1,254,513.23 from ¥560,742.56, indicating a focus on innovation[38]. - The company has established a digital and industrial content production system to ensure the continuous output of high-quality projects[28]. - The company owns adaptation rights for over 40 scripts and novels, enhancing its IP development strategy[30]. Corporate Governance and Strategy - The governance structure has been improved to enhance operational efficiency and talent reserves[32]. - The company is focusing on building a professional artist management platform and has over 20 signed artists, including notable names[29]. - The company aims to explore new technologies and consumer trends to enhance asset quality and profitability[35]. Risk Management - The company faces risks related to the high accounts receivable balance, which can fluctuate significantly due to the timing of film releases and payments[71]. - The company emphasizes the importance of managing accounts receivable to mitigate cash flow risks[71]. - The company has implemented measures to manage potential risks related to intellectual property rights in its productions[69]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The largest shareholder, Huanrui United, holds 106,651,376 shares, accounting for 10.87% of total shares[124]. - The second largest shareholder, Zhong Junyan, holds 60,569,259 shares, representing 6.17% of total shares, with some shares pledged and frozen[122]. Legal and Compliance - The company has received a total of 1,043 lawsuits related to false statements, with a total claim amount of 183.57 million yuan as of June 30, 2023[96]. - The estimated liability balance for ongoing litigation is 21.02 million yuan, with 231 cases still under trial[96]. - The company has not reported any significant changes in its management team during the reporting period[83]. Financial Statements and Accounting - The financial statements have been prepared in accordance with the relevant accounting standards and regulations[167]. - The company uses Renminbi as its functional currency for accounting purposes[172]. - The company classifies financial assets into three categories: those measured at amortized cost, those measured at fair value with changes recognized in other comprehensive income, and those measured at fair value with changes recognized in profit or loss[191].

Financial Performance - The company's operating revenue for Q1 2023 was ¥54,259,230.62, a decrease of 70.16% compared to ¥181,811,882.38 in the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥7,902,384.82, down 35.98% from ¥12,343,756.69 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,169,215.98, a significant decline of 87.47% from ¥57,205,054.13 in the previous year[5] - The basic and diluted earnings per share were both ¥0.0081, down 36.22% from ¥0.0127 in the same period last year[5] - Net profit for Q1 2023 was ¥7,713,430.00, a decline of 30.5% from ¥11,211,477.49 in Q1 2022[21] - The company reported an investment loss of ¥512,113.23, compared to a loss of ¥235,464.98 in the same period last year[21] - The company incurred financial expenses of ¥2,644,154.43, compared to a financial income of ¥201,336.21 in the previous year[20] Cash Flow - The net cash flow from operating activities increased by 25.29% to ¥103,717,706.14, compared to ¥82,783,485.45 in the same period last year[5] - Cash flow from operating activities for Q1 2023 was ¥230,767,022.49, an increase of 54.9% compared to ¥148,769,110.88 in the previous year[22] - The net cash flow from operating activities for Q1 2023 was ¥103,717,706.14, an increase of 25.2% compared to ¥82,783,485.45 in Q1 2022[23] - The cash inflow from operating activities was primarily driven by cash received from other operating activities amounting to ¥38,498,291.25[23] - The company reported a net increase in cash and cash equivalents of ¥116,068,769.33 for Q1 2023, compared to ¥78,043,548.97 in Q1 2022[23] - The cash outflow for operating activities totaled ¥130,679,183.17, up from ¥104,483,916.68 in the same period last year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,261,185,589.82, a decrease of 1.35% from ¥2,292,104,999.77 at the end of the previous year[5] - The total liabilities decreased to ¥752,379,235.61 from ¥791,012,075.56, reflecting a reduction of 4.9%[18] - The total current liabilities decreased to ¥712,214,298.32 from ¥749,452,695.72, a decline of approximately 4.97%[17] - The company has a total of 288,958,963.94 in non-current assets, slightly down from 291,905,277.76 at the beginning of the year[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,375[12] - The largest shareholder, Huanrui United, holds 10.87% of shares, amounting to 106,651,376 shares, with 105,504,587 shares pledged[12] - The equity attributable to shareholders increased slightly by 0.52% to ¥1,525,817,137.82 from ¥1,517,914,753.00 at the end of the previous year[5] - The total equity attributable to shareholders increased to ¥1,525,817,137.82 from ¥1,517,914,753.00, showing a growth of 0.5%[18] Legal Matters - The company is currently involved in 893 lawsuits related to false statements, with a total claim amount of ¥170,215,800, of which 561 cases have been settled[14] - The estimated liability balance as of the balance sheet date is ¥41,418,900[14] Other Financial Metrics - The company reported a significant increase in credit impairment losses, amounting to ¥12,169,176.63, compared to a reversal of losses of -¥1,407,605.42 in the previous year[10] - The company did not incur any research and development expenses in Q1 2023, as the previous year's expenses of ¥390,272.27 were fully amortized[10] - The net cash flow from financing activities was ¥12,806,113.89, a substantial increase of 554.58% compared to a net outflow of -¥2,817,104.27 in the same period last year[10] - Total cash inflow from financing activities was ¥18,276,000.00, significantly higher than ¥100,000.00 in the previous year[23] - The cash outflow for financing activities was ¥5,469,886.11, compared to ¥2,917,104.27 in the previous year[23] - The company did not undergo an audit for the Q1 2023 report[25] Inventory and Receivables - Accounts receivable decreased to ¥335,437,266.34 from ¥475,523,103.82, a decline of about 29.5%[16] - Inventory increased to ¥763,706,111.03 from ¥751,959,383.55, showing a rise of approximately 1.0%[17]

Financial Performance - The company reported a total revenue of RMB 970,863,773 for the year 2022, with no cash dividends or stock bonuses distributed to shareholders[4]. - The company's operating revenue for 2022 was ¥596,198,779.17, representing a 53.73% increase compared to ¥387,819,385.11 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥17,950,625.87, a significant turnaround from a loss of ¥333,682,036.56 in 2021, marking a 105.38% improvement[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥61,688,258.03, compared to a loss of ¥386,386,334.09 in the previous year, reflecting a 115.97% increase[20]. - The company reported a significant revenue drop in Q4 2022, with a negative operating revenue of -¥215,845,740.16, primarily due to the arbitration settlement with Dongyang Haili Entertainment Co., Ltd.[24]. - The net profit attributable to shareholders in Q4 2022 was -¥68,804,058.53, contrasting with profits in the earlier quarters[24]. - The company reported a net loss of CNY 590,630,434.94 in retained earnings, slightly improved from a loss of CNY 608,581,060.81 at the beginning of the year[196]. - The company's net loss for 2022 was ¥606,689,890.19, compared to a loss of ¥520,057,090.65 in 2021, reflecting a worsening of approximately 16.6%[198]. Revenue Sources - Revenue from film and television sales increased by 69.73% year-on-year, while artist management service revenue decreased by 27.20%[31]. - E-commerce revenue surged by 296.67% compared to the previous year[31]. - Revenue from film and television series and derivatives amounted to ¥454.44 million, accounting for 76.22% of total revenue, with a year-on-year growth of 69.73%[44]. - The e-commerce segment saw significant growth, with revenue increasing by 296.67% to ¥52.77 million, up from ¥13.30 million in 2021[44]. Governance and Compliance - The report includes a detailed description of the company's governance structure and compliance with regulatory requirements[4]. - The company emphasizes strict compliance with information disclosure obligations, ensuring transparency and accuracy[90]. - The company maintains independence from its controlling shareholders, ensuring no interference in decision-making[92]. - The company has no securities or derivative investments during the reporting period[60][61]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[126]. Risk Management - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and potential risks outlined in the report[4]. - The management discussion section highlights the company's future development outlook, including potential risks that may impact performance[4]. - The company recognizes the risks associated with the competitive landscape of the television industry, including supply-demand imbalances and market acceptance of content[80]. - The company faces potential risks from high accounts receivable balances due to the timing of payments from clients after the release of its projects[82]. Shareholder Engagement - The company held 2 shareholder meetings in 2022, passing 10 resolutions[88]. - The independent directors actively participated in discussions and provided independent opinions on key matters such as profit distribution and external guarantees[109]. - The company actively engages with investors through various channels, including performance briefings and online investor days[91]. Legal Matters - The company has received a total of 893 lawsuits related to false statements, with a total claim amount of CNY 170.22 million[83]. - The company has disclosed significant litigation and arbitration matters in its annual report, indicating ongoing legal challenges[144]. - The company continues to monitor and manage its legal risks associated with these lawsuits and arbitration cases[144]. Future Outlook - The company plans to launch several new film and television projects in 2023, including titles like "Lotus Tower" and "Ten Years of Warmth"[78]. - The company is focusing on new product development and technological advancements to stay competitive in the industry[104]. - The company plans to focus on market expansion and new product development to improve future performance and mitigate losses[200]. Employee Management - The total number of employees at the end of the reporting period was 124, with 73 in production, 22 in technology, 15 in finance, 9 in administration, and 5 in sales[114]. - The company emphasizes employee training and development, organizing various training programs to enhance skills and knowledge[116]. - The company has a performance appraisal mechanism in place to ensure fair treatment and competitive compensation for all employees[115]. Financial Controls - The internal control system was updated and improved according to the basic norms of internal control, effectively preventing operational risks[120]. - The internal control self-evaluation report indicated no significant defects in financial or non-financial reporting[122]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2022[123]. Strategic Initiatives - The company aims to enhance its IP operation system and develop a digital and industrial content production system, focusing on high-quality project output[76]. - The company is committed to improving its performance metrics and shareholder value through strategic initiatives and operational efficiencies[104]. - The company is exploring diversified monetization strategies based on high-quality content to identify new growth opportunities[76].

Group 1: Event Details - The event is organized by the Chongqing Listed Companies Association in collaboration with Shenzhen Panorama Network Co., Ltd. [1] - The online collective reception day for investors will take place on December 23, 2022, from 15:00 to 17:00 [1] - Investors can participate through the Panorama Network's interactive platform [1] Group 2: Company Commitment - The company and its board guarantee the accuracy and completeness of the disclosed information [1] - There are no false records, misleading statements, or significant omissions in the announcement [1] Group 3: Management Participation - Senior management personnel of the company will engage in online communication with investors during the event [1] - The company encourages widespread participation from investors [1]

Group 1: Company Overview and Strategy - Huanrui Century has established a dual-driven model of "drama production + artist cultivation" since its restructuring, focusing on high-quality drama creation and top-tier artist development [2] - The company has nearly 40 high-quality artists and has formed a stable output capability for leading dramas, enhancing interaction between productions and artists [2] - Following its restructuring in 2017, the company has expanded financing channels and increased investment in artist training, with a clear strategic plan based on a "one foundation, two pillars" model [2] Group 2: Financial Performance and Projections - The company achieved a sales revenue of 1.5 billion in the previous year and expects further growth this year, maintaining a high proportion of leading dramas in its projects [2] - The establishment of a fund management company in Guangzhou and an investment company in Dongyang aims to enhance financial supply and stabilize performance [3] - The company has a low bank loan balance and significant financing space, with plans to strengthen cooperation with financial institutions and government cultural industry funds [4] Group 3: Competitive Positioning and Market Strategy - The company believes that the competition with platforms is normal, as both sides seek to enhance content quality, with a focus on producing high-quality content as a core competitive advantage [3] - Huanrui Century employs a "large center" production model, integrating R&D, production, and marketing to create a systematic industrial process [4] - The company is exploring diversification while focusing on the full series development of core IPs, particularly in historical and fantasy genres [4] Group 4: Artist Management and Development - The company has a strong ability to produce stars, with a robust content supply and a systematic approach to artist management, including a matrix collaboration model [3] - The artist management team has established a research institute to analyze market trends and support artist development with data [3] - The company anticipates that the industry will see improved artist retention as the market consolidates and becomes more regulated [4]

Revenue and Profit - Revenue for Q3 2022 reached ¥453,481,853.86, an increase of 13.72% year-over-year, and total revenue for the year-to-date was ¥812,044,519.33, up 76.37% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥57,094,010.80, reflecting a 17.75% increase year-over-year, while year-to-date net profit was ¥86,754,684.40, up 44.99%[5] - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥58,774,819.59, a significant increase of 4,839.64% year-over-year, with year-to-date figures at ¥134,719,292.97, up 1,122.37%[5] - Total operating revenue for Q3 2022 reached ¥812,044,519.33, a significant increase of 76.2% compared to ¥460,422,805.40 in the same period last year[18] - Net profit for Q3 2022 was ¥84,423,116.21, compared to ¥56,511,725.76 in Q3 2021, representing a growth of 49.4%[19] - Earnings per share (EPS) for Q3 2022 was ¥0.0894, an increase from ¥0.0610 in the previous year[19] Assets and Liabilities - Total assets as of the end of Q3 2022 amounted to ¥2,449,827,995.67, representing a 3.05% increase from the end of the previous year[5] - Total assets as of the end of Q3 2022 amounted to ¥2,449,827,995.67, up from ¥2,377,434,371.93 at the end of Q3 2021, indicating a growth of 3.0%[17] - Total liabilities decreased slightly to ¥871,969,436.76 from ¥883,998,929.23, a reduction of 1.4% year-over-year[17] - Shareholders' equity at the end of Q3 2022 was ¥1,586,718,811.53, which is a 5.78% increase compared to the previous year-end[5] - The company’s total equity increased to ¥1,577,858,558.91 from ¥1,493,435,442.70, reflecting a growth of 5.6% year-over-year[17] Cash Flow - The company reported a net cash outflow from operating activities of ¥22,521,411.10, a reduction of 87.60% compared to the previous year[9] - The company's cash flow from operating activities was ¥338,571,212.83, down from ¥606,936,582.46 in the previous year, indicating a decline of 44.2%[21] - The net cash flow from operating activities for Q3 2022 was -22,521,411.10 CNY, compared to -181,662,490.06 CNY in Q3 2021, indicating an improvement[22] - Total cash inflow from financing activities was 55,179,000.00 CNY, up from 42,792,600.00 CNY in the previous year[22] - The net cash flow from investing activities was -11,924,630.90 CNY, compared to -33,152,388.66 CNY in Q3 2021, showing a reduction in cash outflow[22] - The total cash and cash equivalents at the end of Q3 2022 were 359,245,578.15 CNY, down from 505,712,470.97 CNY at the end of Q3 2021[22] Receivables and Inventory - Accounts receivable increased by 136.60% year-over-year to ¥572,984,282.60, primarily due to increased sales of film and television productions[9] - Other receivables rose by 69.14% year-over-year to ¥111,694,456.01, mainly due to new receivables from film investment[9] - Accounts receivable increased significantly to CNY 572.98 million from CNY 242.18 million at the beginning of the year[15] - Inventory decreased to CNY 753.18 million from CNY 1,064.02 million at the beginning of the year[15] Legal Matters - The company has received a total of 831 lawsuits related to false statements, with a total claim amount of CNY 160.90 million, and has recognized a provision of CNY 48.01 million for pending litigation[13] - The company has recognized a total of 524 cases that have been settled, while 307 cases are still under trial as of October 27, 2022[13] - The company has not reported any new lawsuits since October 27, 2022, indicating a potential stabilization in legal challenges[13] Shareholder Information - As of September 30, 2022, the total number of common shareholders was 44,425, with the top 10 shareholders holding a combined 43.25% of shares[10] - The largest shareholder, Huanrui United, holds 10.87% of shares, with 106,651,376 shares pledged[10] - The top 10 shareholders include several entities with significant pledges and frozen shares, indicating potential liquidity issues[10][11]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥358,562,665.47, representing a 481.64% increase compared to ¥61,646,354.78 in the same period last year[20]. - Net profit attributable to shareholders for the reporting period was ¥29,660,673.60, up 161.31% from ¥11,350,800.42 year-on-year[20]. - The net profit after deducting non-recurring gains and losses reached ¥75,944,473.37, a significant increase of 672.47% compared to ¥9,831,324.38 in the previous year[20]. - The net cash flow from operating activities was ¥66,102,774.69, a turnaround from a negative cash flow of -¥55,814,261.26 in the same period last year, marking a 218.43% improvement[20]. - Basic earnings per share increased to ¥0.0306, reflecting a growth of 163.79% from ¥0.0116 in the previous year[20]. - Total assets at the end of the reporting period were ¥2,544,941,982.26, a 7.05% increase from ¥2,377,434,371.93 at the end of the previous year[20]. - The company achieved operating revenue of CNY 358,562,665.47, an increase of 481.64% year-on-year[27]. - Operating profit reached CNY 52,735,476.53, up 442.15% compared to the same period last year[27]. - The company reported a net loss of CNY 578,920,387.21 for the first half of 2022, an improvement from a loss of CNY 608,581,060.81 in the same period of 2021[128]. - The company's net profit for the first half of 2022 was CNY 31,319,109.87, compared to CNY 11,350,800.42 in the same period of 2021, representing an increase of approximately 175.5%[133]. Revenue Sources - The sales revenue from film and television increased by 3,848.09% year-on-year, primarily due to an increase in the number of confirmed revenue-generating projects[27]. - The revenue from film and television and related products amounted to ¥307,919,610.77, representing 85.88% of total revenue, with a staggering increase of 3,848.09% compared to ¥7,799,208.73 last year[37]. - The top two revenue-generating projects were the TV series "South Wind Knows My Intent" with 150,943,396.23 CNY (42.10%) and "Mountains and Rivers Bright" with 136,800,943.39 CNY (38.15%) of total revenue[40]. Costs and Expenses - The operating cost rose to ¥228,433,137.12, reflecting a 923.68% increase from ¥22,314,913.24, primarily due to the increase in new television series sales[36]. - Research and development expenses increased to ¥560,742.56, indicating a 100% rise due to increased outsourcing of R&D[36]. - The company reported a significant increase in management expenses, which rose to CNY 29,338,252.36 from CNY 23,660,130.80 year-over-year[133]. - The company experienced a credit impairment loss of CNY -32,121,185.86 in the first half of 2022, a notable change from a gain of CNY 45,113,877.98 in the previous year[133]. Assets and Liabilities - Total liabilities increased to CNY 1,020,187,429.69 from CNY 883,998,929.23, reflecting a rise of about 15.4%[127]. - The company's equity attributable to shareholders was CNY 1,529,624,800.73 as of June 30, 2022, compared to CNY 1,499,964,127.13 at the beginning of the year, showing an increase of approximately 2%[128]. - Accounts receivable increased to CNY 442,682,883.14 as of June 30, 2022, up from CNY 242,175,680.14 at the start of the year, marking an increase of about 83%[126]. - The company's inventory decreased to 867,382,051.12 CNY, accounting for 34.08% of total assets, down from 1,064,015,699.43 CNY (44.75%) in the previous year[44]. Corporate Governance and Structure - The company is focusing on optimizing its governance structure and internal controls to enhance operational efficiency and collaboration across departments[29]. - There were changes in the board of directors, with new appointments including Zhao Huqiang as a director and vice chairman[65]. - The company has established a long-term commitment to avoid any form of competition with its subsidiaries and ensure operational independence[73]. - The company will ensure that any related party transactions are fair and reasonable, adhering to legal procedures and disclosure obligations[76]. Legal and Compliance Issues - As of June 30, 2022, the company is involved in 704 lawsuits related to false statements, with a total claim amount of 146.73 million yuan, and has recognized a provision for pending litigation of 56.41 million yuan[61]. - The company is currently involved in multiple lawsuits, including a copyright infringement case with a claim amount of 612.3 million CNY, which is still under trial[88]. - The company has ongoing litigation related to a contract dispute with Beijing Shouchuang Langyuan Cultural Development Co., with a claim amount of 112.76 million CNY, also in trial[88]. Social Responsibility and Community Engagement - A total of 4 million yuan has been spent on disaster relief and reconstruction efforts in Henan Province, benefiting 30 schools through the "Water Drop Rural Medical Room" initiative[70]. - The "Water Drop Rural Medical Room" initiative aims to enhance basic medical services and health education for children in rural areas, contributing to the health of the community[70]. - The company has engaged in social responsibility initiatives, focusing on disaster relief and community health[70]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[69]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[69]. - The company has not reported any significant environmental issues or penalties affecting its operations[69]. Financial Reporting and Audit - The semi-annual financial report was not audited[83]. - The financial statements accurately reflect the company's financial position and operating results as of June 30, 2022[162]. - The financial statements were approved by the board of directors on July 26, 2022, ensuring compliance with governance standards[158].

Financial Performance - The company's operating revenue for 2021 was ¥387,819,385.11, representing a 109.71% increase compared to ¥184,935,603.34 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥333,682,036.56, an improvement of 57.48% from -¥784,855,283.01 in 2020[20]. - The net cash flow from operating activities for 2021 was -¥273,378,506.77, a significant decline of 198.87% compared to ¥276,500,167.82 in 2020[20]. - The total assets at the end of 2021 were ¥2,377,434,371.93, a decrease of 10.12% from ¥2,645,212,770.21 at the end of 2020[20]. - The company's basic earnings per share for 2021 was -¥0.34, improving by 57.50% from -¥0.80 in 2020[20]. - The weighted average return on equity for 2021 was -19.64%, an improvement of 15.07% from -34.71% in 2020[20]. - The company reported a negative operating income in the fourth quarter of 2021, with revenue of -¥72,603,420.29 due to project income reversals[25]. - The company received government subsidies amounting to ¥9,983,883.02 in 2021, down from ¥16,290,031.87 in 2020[27]. - The total operating revenue for the company in 2021 was approximately ¥387.82 million, representing a year-on-year increase of 109.71% compared to ¥184.94 million in 2020[52]. - Revenue from film and television and related products accounted for 69.04% of total revenue, amounting to approximately ¥267.74 million, which is a 205.21% increase from ¥87.72 million in the previous year[52]. - The artist management segment generated approximately ¥106.78 million, contributing 27.53% to total revenue, with a year-on-year growth of 9.84%[52]. - The company reported a negative distributable profit of -608,581,060.81 CNY for the year, leading to no cash dividend distribution[143]. Business Operations - The company’s main business has shifted to film and television production, artist agency, gaming, and other related businesses since December 2016[17]. - The company is focusing on content production and artist management, exploring new business directions in AI virtual artists, new media, e-commerce, and cultural tourism[34]. - The company is actively developing diverse content themes, including reality-based, youth spy warfare, and fantasy adventure genres[35]. - The company is committed to producing high-quality films and series that align with the mainstream values of the socialist era[35]. - The company has signed over 20 artists, including notable names such as Ren Jialun and Cheng Yi, indicating a strong talent pool[49]. - The company holds adaptation rights for over 40 scripts and novels, enhancing its intellectual property portfolio[50]. - The company has established a digital and platform-based governance system to enhance operational efficiency and transparency[41]. - The company has developed a comprehensive artist management service platform, reducing reliance on individual artists[49]. - The company is enhancing its strategic direction and risk control to improve the commercialization capabilities of its various businesses[34]. Governance and Management - The actual controller of the company changed to Zhao Zhicheng on August 17, 2021[18]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[4]. - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations[107]. - The board of directors held five meetings during the reporting period, approving 23 resolutions[108]. - The company has established a performance-based remuneration system for its executives, aligning compensation with company performance[125]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to CNY 10.74 million[127]. - The company has appointed two new deputy general managers, Zhao Huiqiang and Chen Yadong, on August 25, 2021[117]. - The company’s financial management team includes experienced professionals with backgrounds in finance and law, enhancing its governance structure[120]. Legal and Compliance Issues - The company faced administrative penalties from the China Securities Regulatory Commission, including a CNY 1 million fine for violations of the Securities Law[123]. - As of March 31, 2022, the company faced 427 new lawsuits with a total claim amount of 96.28 million yuan[102]. - The estimated liability for the lawsuits was assessed at 45.44 million yuan, with total provisions amounting to 46.48 million yuan[103]. - A total of 257 plaintiffs have filed lawsuits against the company for alleged false statements, with a total claim amount of 43.17 million yuan[101]. - The company is currently involved in 5 ongoing lawsuits regarding securities false statement liability, with a total claimed amount of 4,317,010 CNY, of which 252 cases have been settled[175]. - The company has confirmed estimated liabilities of 14.61 million yuan in 2020 and 11.87 million yuan in 2021 related to litigation[101]. - The company has not engaged in any investor communication activities during the reporting period[104]. - The company has not reported any significant changes in user data or customer metrics during the reporting period[158]. Market and Industry Trends - The long video platform industry is focusing on "narrowing losses" as a key target, with a shift from quantity to quality in content production[93]. - The television industry faces intense competition, with a "supply exceeds demand" situation leading to increased market rivalry[99]. - The company aims to enhance its governance and internal systems to align with modern enterprise development and strategic direction[95]. - The company plans to produce high-quality dramas that align with socialist values, with upcoming titles including "South Wind Knows My Intent" and "Ten Years One Product Warm as Words"[96]. Investment and Financial Management - The company has established new subsidiaries including 欢瑞星球 and 欢瑞科技, each with a registered capital of RMB 5 million and RMB 50 million respectively[91]. - The company has made commitments to avoid competition with its subsidiaries and maintain independence in operations and finances[159]. - The company has not engaged in any entrusted financial management or loans during the reporting period[193][194]. - The company has not provided guarantees for shareholders, actual controllers, or their related parties during the reporting period[192]. - The company has not reported any significant related party transactions during the reporting period[180]. - The company has not encountered any situations requiring compensation under the commitments made[163].

Financial Performance - The company's operating revenue for 2021 was ¥387,819,385.11, representing a 109.71% increase compared to ¥184,935,603.34 in 2020[19]. - The net profit attributable to shareholders for 2021 was -¥333,682,036.56, an improvement of 57.48% from -¥784,855,283.01 in 2020[19]. - The net cash flow from operating activities for 2021 was -¥273,378,506.77, a significant decline of 198.87% compared to ¥276,500,167.82 in 2020[19]. - The total assets at the end of 2021 were ¥2,377,434,371.93, a decrease of 10.12% from ¥2,645,212,770.21 at the end of 2020[19]. - The company's basic earnings per share for 2021 was -¥0.34, improving by 57.50% from -¥0.80 in 2020[19]. - The weighted average return on equity for 2021 was -19.64%, an improvement of 15.07% from -34.71% in 2020[19]. - The company reported a negative operating revenue of -¥72,603,420.29 in Q4 2021 due to income reversals from project confirmations[24]. - The total net profit attributable to shareholders in Q4 2021 was -¥393,518,747.37, following a profit of ¥48,485,910.39 in Q3 2021[24]. - The company achieved operating revenue of ¥387,819,385.11, an increase of 109.71% compared to the same period last year[33]. - Revenue from film and television sales increased by 323.35% year-on-year, with a higher number of series confirmed for revenue recognition[33]. - The net loss attributable to shareholders decreased significantly to ¥333,682,036.56, compared to the previous year's loss[33]. - Revenue from film and television and related products reached ¥267,736,528.98, accounting for 69.04% of total revenue, with a significant growth of 205.21% from ¥87,722,643.96 in the previous year[52]. - The artist management segment generated ¥106,779,070.13, which is 27.53% of total revenue, showing a modest increase of 9.84% from ¥97,212,959.38 in 2020[52]. - The domestic revenue accounted for 99.30% of total revenue at ¥385,118,343.35, reflecting a 150.87% increase from ¥153,512,848.06 in 2020[52]. - The overseas revenue dropped significantly by 91.40% to ¥2,701,041.76 from ¥31,422,755.28 in the previous year[52]. - The company reported a negative distributable profit of -608,581,060.81 CNY, leading to no cash dividend distribution for the year[141]. - The total amount of cash dividends, including share repurchase, was 33,995,635 CNY, which represents -10.19% of the net profit attributable to the parent company[141]. Business Transformation and Strategy - The company has undergone significant business transformations, shifting from automotive parts manufacturing to film production and distribution since 2016[16]. - The company is focusing on content production and artist management, exploring new business directions in AI virtual artists, new media, e-commerce, and cultural tourism[33]. - The company is actively developing diverse content themes, including reality-based, youth spy warfare, and fantasy adventure genres, to enhance IP potential and brand strength[34]. - The company is committed to producing high-quality films and series that align with the mainstream values of the socialist era, enhancing its social responsibility[34]. - The company is exploring a full industry chain development model in the artist management sector, adapting to the rapid growth of new media and internet star-making[32]. - The company plans to produce high-quality dramas that reflect mainstream socialist values, with upcoming titles including "South Wind Knows My Intent" and "Ten Years One Product Warm as Words" scheduled for release in 2022[96]. - The company intends to optimize its financial structure and improve cash flow by increasing the proportion of project pre-sales and enhancing accounts receivable collection[98]. - The company will explore new consumption and media opportunities, including AI virtual artists and e-commerce, to enhance its risk resistance and operational strength[98]. Governance and Management - The actual controller of the company changed from Zhong Junyan and Chen Yuan to Zhao Zhicheng on August 17, 2021[17]. - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations[107]. - The company has a diverse management team with backgrounds in law, finance, and auditing[120]. - The company continues to expand its management capabilities with experienced professionals in key positions[120]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 1,074.44 million CNY[125]. - The company has implemented a performance-based remuneration system for its executives[125]. - The board of directors held five meetings during the reporting period, approving 23 resolutions[108]. - The independent directors actively participated in discussions and provided independent opinions on key matters such as profit distribution and related transactions[129]. - The company reported that the financial statements accurately reflect its operational results and governance level[130]. - The audit committee unanimously agreed on the financial report and internal control audit plan for the year 2020[130]. - The company confirmed that there were no violations in the use of raised funds during the reporting period[130]. Legal and Compliance Issues - The company is currently involved in multiple lawsuits, with a total of CNY 14.748 million in liabilities confirmed for the year 2020[173]. - The company has confirmed expected liabilities of 14.61 million yuan in 2020 and 11.87 million yuan in 2021 related to litigation[101]. - A total of 257 plaintiffs have filed lawsuits against the company for alleged false statements, with a total claim amount of 43.17 million yuan as of December 31, 2021[101]. - The company is actively managing its legal risks and liabilities, with ongoing updates on litigation and arbitration statuses disclosed regularly[173]. - The company faced disciplinary actions due to false records in restructuring documents and inadequate disclosure of related party fund occupation[177]. - The company has reported a warning and a fine of 1 million CNY for current director Zhong Jun Yan due to violations of the Securities Law[123]. - Current director Zhao Zhi Cheng was fined 80,000 CNY for similar violations[123]. Investment and Financial Management - The company has established measures to eliminate discrepancies between actual profits and performance commitments[157]. - The company is currently in the process of addressing uncertainties related to performance commitments from 2016 to 2018, aiming to confirm the completion of these commitments once uncertainties are resolved[157]. - The company has not engaged in any significant related party transactions during the reporting period[178]. - The company has no significant asset or equity acquisitions or sales during the reporting period[179]. - The company has no major contracts or leasing situations reported for the year[185]. - The company has no related party debt transactions during the reporting period[181]. - The company has no significant guarantees or collateral arrangements with related parties[182]. - The total amount of guarantees approved during the reporting period is 22,200 million, with an actual guarantee balance of 22,200 million, representing 14.80% of the company's net assets[190]. - The company signed a major contract with Alibaba (Beijing) Software Service Co., Ltd. for a film project worth 594 million, with 280.2 million received as of December 31, 2021[193]. - Another major contract was signed with Hainan iQIYI Information Technology Co., Ltd. for a film project valued at 600 million, currently in preparation[194]. Employee and Operational Insights - The total number of employees at the end of the reporting period is 177, with 111 in production, 28 in technology, 16 in finance, 15 in administration, and 7 in sales[135]. - The company has no retired employees requiring expense coverage, indicating a fully active workforce[135]. - The company emphasizes employee training and development, particularly for core team members, to enhance their skills and management capabilities[137]. - The company has implemented a performance assessment mechanism to ensure fair treatment and competitive compensation for all employees[136]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit by the environmental protection department[150]. - No administrative penalties were imposed on the company or its subsidiaries during the reporting period due to environmental issues[150]. - The company has not engaged in targeted poverty alleviation efforts during the reporting period[152].

欢瑞世纪联合股份有限公司 2022 年第一季度报告全文 证券代码：000892 证券简称：欢瑞世纪 公告编号：2022-29 欢瑞世纪联合股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减（%） | | --- | --- | --- | --- | | 营业收入（元） | 181,811,882.38 | 28,025,357.95 | 548.74 | | 归属于上市公司股东的净利润（元） | 12,343,756.69 | 18,551 ...