利欧集团股份有限公司 2017 年第三季度报告正文 第一节 重要提示 利欧集团股份有限公司 2017 年第三季度报告正文 证券代码：002131 证券简称：利欧股份 公告编号：2017-109 利欧集团股份有限公司 2017 年第三季度报告正文 1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王相荣、主管会计工作负责人陈林富及会计机构负责人(会计主管人员)陈林富声明：保证 季度报告中财务报表的真实、准确、完整。 2 利欧集团股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 13,040,708,414.86 | 11,252,689,878.30 | | 15.89% | | 归属于上市公司股 ...

利欧集团股份有限公司 2016 年年度报告全文 利欧集团股份有限公司 Leo Group Co.,Ltd. 2016 年度报告 2017 年 8 月 1 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人王相荣、主管会计工作负责人及会计机构负责人(会计主管人员)陈林富声 明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 刘春 | 董事 | 临时有事 | 张旭波 | 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注 意投资风险。 利欧集团股份有限公司 2016 年年度报告全文 本公司存在市场波动、原材料价格波动、业务整合、交易形成的商誉将影响公司未来业 绩及财务指标等风险。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为 ...

[Important Notice, Table of Contents and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides important notices, the table of contents, and key definitions for the report [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section outlines the company's profile and presents its key financial performance metrics [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Operating revenue grew **49.38%** to **4.578 billion yuan**, net profit increased **16.90%** to **319 million yuan**, with operating cash flow significantly declining and turning negative | Indicator | Current Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (Yuan)** | 4,578,249,476.74 | 3,064,743,736.45 | 49.38% | | **Net Profit Attributable to Shareholders (Yuan)** | 319,016,560.21 | 272,896,626.02 | 16.90% | | **Net Cash Flow from Operating Activities (Yuan)** | -184,055,727.53 | 58,749,401.04 | -413.29% | | **Basic Earnings Per Share (Yuan/share)** | 0.0569 | 0.0517 | 10.06% | | **Total Assets (Yuan)** | 12,215,522,888.99 | 11,252,689,878.30 | 8.56% | | **Net Assets Attributable to Shareholders (Yuan)** | 7,640,027,150.70 | 7,370,488,300.36 | 3.66% | - The company retrospectively adjusted prior year accounting data due to non-compliance with accounting standards for revenue and cost recognition in 2016 for certain game advertising agency businesses of its wholly-owned subsidiary, Shanghai Zhiqu Advertising Co., Ltd[15](index=15&type=chunk) [Non-Recurring Gains and Losses](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled **23.65 million yuan**, primarily from government subsidies, including a **24.06 million yuan** relocation incentive | Item | Amount (Yuan) | | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 1,255,757.00 | | Government Subsidies Included in Current Profit and Loss | 27,565,887.58 | | Other Non-Operating Income/Expenses and Items Meeting the Definition of Non-Recurring Gains/Losses | 1,576,496.43 | | **Total** | **23,652,252.76** | [Company Business Overview](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) This section outlines the company's dual-core business strategy, covering traditional manufacturing and digital marketing [Main Business](index=8&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main business is a dual-core strategy of traditional manufacturing and digital marketing, with the latter established through acquisitions since 2014 - The company's original business was traditional manufacturing, primarily engaged in the R&D, manufacturing, and sales of pumps, garden machinery, cleaning, and plant protection machinery[22](index=22&type=chunk) - Through acquisitions of Shanghai Mankoo, Shanghai Yake, Amber Communications, Wansheng Weiye, Weichuang Shidai, and Zhiqu Advertising, the company successfully transformed into digital marketing, establishing a comprehensive platform from traffic integration to all-round precision marketing services[22](index=22&type=chunk) [Core Competitiveness Analysis](index=9&type=section&id=%E4%B8%89%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) Core competitiveness is in digital marketing's full industry chain and synergy, and mechanical manufacturing's industry synergy, strong in-house production, global marketing, and technological innovation [Core Competitiveness in Digital Marketing Business](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E5%85%AC%E5%8F%B8%E5%9C%A8%E6%95%B0%E5%AD%97%E8%90%A5%E9%94%80%E4%B8%9A%E5%8A%A1%E7%9A%84%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B) Digital marketing's core strength is integrating six subsidiaries for a complete service chain, offering strong synergy, deep client resources, media relationships, and advanced technology across vertical sectors - The company's digital marketing services cover a complete service chain, including marketing strategy and creativity, media placement and execution, performance monitoring and optimization, social marketing, precision marketing, and traffic integration, achieving a full industry chain layout[25](index=25&type=chunk) - Its subsidiary MediaV is China's largest e-commerce integrated marketing service provider, serving over **70%** of China's top 50 e-commerce websites and experiencing rapid growth in the automotive industry[27](index=27&type=chunk) - Weichuang Shidai and Zhiqu Advertising have accumulated core media resources (such as Baidu, 360, Tencent) and a large number of high-quality clients in search marketing, gaming, and financial services industries, respectively[32](index=32&type=chunk)[34](index=34&type=chunk) [Core Competitiveness in Mechanical Manufacturing Business](index=11&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E6%9C%BA%E6%A2%B0%E5%88%B6%E9%80%A0%E4%B8%9A%E5%8A%A1%E7%9A%84%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B) Mechanical manufacturing's core strength lies in cross-industry synergy, strong in-house component manufacturing, a rich product line, robust international marketing, and advanced technological innovation - The company's business covers multiple industries, including micro and small water pumps, garden machinery, and industrial pumps, forming a unique industry synergy advantage that allows for shared marketing, technology, and procurement resources[37](index=37&type=chunk)[38](index=38&type=chunk) - Strong in-house core component manufacturing capability, with approximately **80%** self-sufficiency in product parts, ensures product quality and cost control[40](index=40&type=chunk) - The company's technology center is recognized as a national-level enterprise technology center, possessing strong independent R&D and industrial design capabilities[45](index=45&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes the company's operational performance, financial condition, and future outlook [Operating Overview](index=14&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In H1 2017, operating revenue grew **49.38%** to **4.578 billion yuan**, net profit increased **16.90%** to **319 million yuan**, driven by the internet segment | Indicator | Jan-Jun 2017 | Year-on-Year Growth | | :--- | :--- | :--- | | **Operating Revenue** | 4.578 billion yuan | 49.38% | | **Net Profit Attributable to Parent** | 319 million yuan | 16.90% | | **Internet Segment Revenue Growth** | - | 66.26% | | **Manufacturing Segment Revenue Growth** | - | 11.20% | - The company's digital marketing segment achieved significant integration results, expanding its industry influence and successfully attracting Mo Kangsun, one of the 'Four Godfathers of Chinese Advertising', to join and establish a creative hot shop[50](index=50&type=chunk)[51](index=51&type=chunk) - The manufacturing segment completed the relocation of its new factory in Wenling base, maintaining stable production and operations, and continuing investment in intelligent transformation[51](index=51&type=chunk) [Main Business Analysis](index=15&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Main business growth was strong, with the internet segment's revenue share increasing to **77.09%** due to explosive growth in mobile traffic integration and precision marketing, despite a **5.95** percentage point decline in its gross margin Operating Revenue Composition (by Industry) | Industry | Revenue for Current Period (Yuan) | Share of Total Revenue | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | **Manufacturing** | 1,026,471,756.14 | 22.42% | 11.20% | | **Internet** | 3,529,167,566.90 | 77.09% | 66.26% | Changes in Revenue and Gross Margin for Main Products/Services | Product/Service | Revenue Year-on-Year Change | Gross Margin | Gross Margin Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Manufacturing** | 11.20% | 27.05% | Decreased by 2.98 percentage points | | **Internet** | 66.26% | 14.59% | Decreased by 5.95 percentage points | | Mobile Traffic Integration Business | 376.15% | 17.46% | Decreased by 25.91 percentage points | | Precision Marketing Business | 81.18% | 8.60% | Decreased by 6.85 percentage points | - The overall gross margin of the company's digital marketing segment decreased, primarily due to the company's strategic decision to moderately lower gross margin levels to adapt to market changes, maintain competitiveness, and expand business scale[61](index=61&type=chunk) [Analysis of Assets and Liabilities](index=18&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets reached **12.216 billion yuan**, up **8.56%**, with fixed assets and short-term borrowings increasing due to factory capitalization and business expansion, and **175 million yuan** of assets restricted - Fixed assets as a percentage of total assets increased from **3.59%** to **6.76%**, primarily due to the capitalization of factory buildings and related facilities in the Eastern Industrial Agglomeration Zone from construction in progress[64](index=64&type=chunk)[23](index=23&type=chunk) - Short-term borrowings as a percentage of total assets increased from **6.96%** to **10.44%**, reflecting the company's increased financing needs to support business expansion[64](index=64&type=chunk) Asset Restriction Status | Item | Book Value at Period End (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Cash and Bank Balances | 46,306,763.77 | Deposits, etc | | Notes Receivable | 11,400,000.00 | Pledged | | Fixed Assets | 14,727,249.00 | Mortgaged | | Intangible Assets | 101,283,664.75 | Mortgaged | | **Total** | **175,135,115.38** | - | [Investment Analysis](index=19&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Investment activities significantly slowed, with **52.12 million yuan** invested, an **87.69%** year-on-year decrease, focused on completed manufacturing projects, and **725 million yuan** in raised funds for the Zhiqu Advertising acquisition was fully utilized - Investment during the reporting period was **52.12 million yuan**, a significant **87.69%** decrease from **423 million yuan** in the prior year period[66](index=66&type=chunk) - Ongoing significant non-equity investments are all manufacturing projects, with the 'Eastern Industrial Agglomeration Zone Infrastructure Project' and 'Annual Production of 20 Million Pump Parts Technical Transformation Project' both **100%** complete[69](index=69&type=chunk) - The total **725 million yuan** in raised funds for the acquisition of Zhiqu Advertising has been fully utilized to pay the cash consideration and related expenses[73](index=73&type=chunk)[76](index=76&type=chunk)[78](index=78&type=chunk) [Analysis of Major Holding and Participating Companies](index=24&type=section&id=%E4%B8%83%E3%80%81%E4%B8%BB%E8%90%A5%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Digital marketing subsidiaries were primary profit contributors, with Leo Group Digital Technology achieving **198 million yuan** in net profit, while some manufacturing subsidiaries, like Hunan Pump Industry, reported losses Operating Performance of Major Subsidiaries H1 2017 (Unit: Yuan) | Company Name | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | | **Leo Group Digital Technology Co., Ltd** | 2,462,181,879.02 | 216,192,900.66 | 197,625,597.55 | | Jiangsu Wansheng Weiye Network Technology Co., Ltd | 1,091,759,743.87 | 160,683,660.68 | 150,430,139.96 | | Beijing Weichuang Shidai Advertising Co., Ltd | 890,006,811.60 | 45,669,282.91 | 40,215,166.85 | | Shanghai Mankoo Advertising Co., Ltd | 1,093,254,741.99 | 42,843,888.88 | 38,426,530.57 | | **Leo Group Zhejiang Pump Industry Co., Ltd** | 745,751,392.90 | 77,789,337.85 | 67,391,051.86 | | Leo Group Hunan Pump Industry Co., Ltd | 159,016,553.69 | -12,074,225.73 | -10,382,316.57 | [Operating Performance Forecast for Jan-Sep 2017](index=25&type=section&id=%E4%B9%9D%E3%80%81%E5%AF%B9%202017%20%E5%B9%B4%201-9%20%E6%9C%88%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company forecasts **0% to 30%** year-on-year net profit growth for Jan-Sep 2017, ranging from **435.64 million yuan** to **566.34 million yuan**, driven by stable main business growth - Net profit attributable to the parent for Jan-Sep 2017 is expected to change by **0% to 30%**, with a net profit range of **435.64 million yuan to 566.34 million yuan**[89](index=89&type=chunk) [Risks and Countermeasures](index=25&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) Risks include mechanical manufacturing market fluctuations, raw material prices, labor costs, and export tax rebates, plus digital marketing integration, talent loss, market competition, policy changes, and goodwill impairment - Mechanical manufacturing segment risks include market fluctuations (trade protectionism), raw material price volatility, rising human resource costs, and changes in export tax rebate rates[90](index=90&type=chunk)[91](index=91&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk) - Digital marketing segment risks include integration challenges between traditional manufacturing and internet industries, loss of core talent, intense market competition, and regulatory policy risks[95](index=95&type=chunk)[96](index=96&type=chunk)[98](index=98&type=chunk) - The company has accumulated a significant amount of goodwill on its consolidated balance sheet due to multiple acquisitions, posing a risk of goodwill impairment that could impact company profits if acquired entities' future operating conditions deteriorate[99](index=99&type=chunk) [Significant Events](index=28&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details significant events, including commitment fulfillment, equity incentive plans, and major related-party transactions [Commitments](index=28&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company and related parties fulfilled commitments, with ongoing performance pledges for Zhiqu Advertising, Wansheng Weiye, and Weichuang Shidai, while IPO share lock-up commitments were completed in January 2017 Ongoing Major Performance Commitments | Promisor | Target Company | Committed Year and Net Profit Target (Ten Thousand Yuan) | | :--- | :--- | :--- | | Jixiang Information, Xu Jialiang, etc | Zhiqu Advertising | 2016: ≥5,800; 2017: ≥7,540; 2018: ≥9,802 | | Xu Xianming, Huaian Mingshuo | Wansheng Weiye | 2015: ≥14,800; 2016: ≥18,561; 2017: ≥23,125 | | Liu Lu, He Ruomeng | Weichuang Shidai | 2015: ≥6,000; 2016: ≥7,200; 2017: ≥9,360 | [Equity Incentive and Employee Stock Ownership Plans](index=32&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The second employee stock ownership plan completed stock purchases with a lock-up ending May 30, 2017, while the first restricted stock incentive plan saw **4.52 million shares** cancelled due to the internet segment's failure to meet 2016 performance targets - The second phase of the employee stock ownership plan acquired **15,672,968** company shares through an asset management plan, with the lock-up period expiring on May 30, 2017, and no shares having been reduced by the end of the reporting period[114](index=114&type=chunk)[115](index=115&type=chunk) - The first phase of the restricted stock incentive plan resulted in the repurchase and cancellation of **4.51985 million** restricted shares and shares held by some resigned employees, as the internet segment's 2016 net profit (**429 million yuan**) failed to meet the performance target (**443 million yuan**)[117](index=117&type=chunk)[118](index=118&type=chunk) [Major Related-Party Transactions](index=33&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company plans to co-establish Yanzhao Life Insurance Co., Ltd. with affiliate Leo Holdings, intending to invest **160 million yuan** for a **10%** stake, awaiting regulatory approval with no capital disbursed yet - The company plans to co-initiate the establishment of Yanzhao Life Insurance Co., Ltd. with related party Leo Holdings (controlled by the company's actual controller Wang Xiangrong and his concerted parties) and others[123](index=123&type=chunk) - The company plans to invest **160 million yuan**, representing **10%** of Yanzhao Life's registered capital; related party Leo Holdings plans to invest **128 million yuan**, representing **8%**, with no actual capital contribution made by the company as of the reporting period end[123](index=123&type=chunk) [Share Changes and Shareholder Information](index=38&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and shareholder structure [Share Change Status](index=38&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Total share capital increased from **1.607 billion** to **5.608 billion** shares due to restricted share expiration, restricted stock repurchase and cancellation, and a capital reserve transfer plan - On January 9, 2017, **167,832,105** non-publicly issued restricted shares were unlocked[139](index=139&type=chunk) - The company repurchased and cancelled **4.51985 million** restricted shares, reducing the total share capital from **1,606,698,532** shares to **1,602,178,682** shares[140](index=140&type=chunk)[141](index=141&type=chunk) - The company implemented a capital reserve to share capital transfer plan, converting **25** shares for every **10** shares held by all shareholders, increasing the total share capital to **5,607,625,387** shares after the distribution[142](index=142&type=chunk)[143](index=143&type=chunk) [Shareholder Information](index=40&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) The company had **106,788** common shareholders, with the top three, Wang Xiangrong (**15.09%**), Wang Zhuangli (**11.93%**), and Xu Xianming (**8.87%**), all domestic natural persons, having a large proportion of their shares pledged Top Three Shareholders' Holdings and Pledges | Shareholder Name | Shareholding Percentage | Number of Common Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | Wang Xiangrong | 15.09% | 846,463,076 | Pledged 504,710,250 | | Wang Zhuangli | 11.93% | 669,196,438 | Pledged 401,512,278 | | Xu Xianming | 8.87% | 497,444,636 | Pledged 437,505,000 | - Shareholders Wang Xiangrong and Wang Zhuangli are brothers; Huaian Mingshuo Touliming Information Consulting Center (Limited Partnership) is an entity controlled by shareholder Xu Xianming[148](index=148&type=chunk) [Preferred Shares Related Information](index=43&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms that the company had no preferred shares during the reporting period [Preferred Shares](index=43&type=section&id=%E4%BC%98%E5%85%88%E8%82%A1) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[153](index=153&type=chunk) [Directors, Supervisors, and Senior Management Information](index=44&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) This section outlines changes in the company's board of directors, supervisors, and senior management [Changes in Directors, Supervisors, and Senior Management](index=44&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The board saw changes with independent director Zhang Xiang's resignation and Wang Chengbin's election, alongside Zheng Xiaodong as a new director to fill a vacancy - Independent director Zhang Xiang resigned, and Wang Chengbin was elected as the new independent director[156](index=156&type=chunk) - Zheng Xiaodong was elected as a company director to fill the vacancy left by Mr. Chen Deping's resignation[156](index=156&type=chunk) [Corporate Bonds Related Information](index=45&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%80%BA%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms that the company has no outstanding or defaulted corporate bonds [Corporate Bonds](index=45&type=section&id=%E5%85%AC%E5%8F%B8%E5%80%BA) The company has no publicly issued and listed corporate bonds that are unexpired or in default - The company has no unexpired or defaulted corporate bonds that failed to be fully redeemed[159](index=159&type=chunk) [Financial Report](index=46&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's financial statements and related disclosures [Audit Report](index=46&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The semi-annual financial report for the company is unaudited - The company's semi-annual financial report is unaudited[161](index=161&type=chunk) [Financial Statements](index=46&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section includes consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for H1 2017 [Other Significant Matters](index=151&type=section&id=%E5%8D%81%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section discloses prior accounting error restatement, land acquisition and relocation progress, M&A fund establishment, employee stock ownership plans, waiver of excess awards, proposed convertible bond issuance, and significant goodwill from acquisitions - The company retrospectively restated prior period accounting errors due to non-standardized revenue and cost accounting for certain game advertising agency businesses of its subsidiary Shanghai Zhiqu in 2016, impacting various balance sheet items such as accounts receivable, goodwill, and undistributed profits[467](index=467&type=chunk) - The company plans to publicly issue convertible corporate bonds not exceeding **2.947 billion yuan**, with part of the raised funds intended for acquiring the remaining **15%** minority interest in Shanghai Mankoo[483](index=483&type=chunk)[485](index=485&type=chunk) - As of the period end, the book value of goodwill arising from asset acquisitions was **3.851 billion yuan**, accounting for **49.76%** of the company's net assets, indicating a significant impairment risk[486](index=486&type=chunk) [Documents for Reference](index=168&type=section&id=%E7%AC%AC%E5%8D%81%E4%B8%80%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists all documents available for reference related to the report

利欧集团股份有限公司 2017 年第一季度报告正文 证券代码：002131 证券简称：利欧股份 公告编号：2017-041 利欧集团股份有限公司 2017 年第一季度报告正文 2017 年 04 月 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王相荣、主管会计工作负责人陈林富及会计机构负责人(会计主管人员)陈林 富声明：保证季度报告中财务报表的真实、准确、完整。 2 利欧集团股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 1 利欧集团股份有限公司 2017 年第一季度报告正文 第一节 重要提示 □ 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） | 2,097,973,075.81 | 1,384,814,649.03 | 51.50% ...

利欧集团股份有限公司 2016 年年度报告全文 利欧集团股份有限公司 Leo Group Co.,Ltd. 2016 年度报告 2017 年 4 月 1 利欧集团股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人王相荣、主管会计工作负责人及会计机构负责人(会计主管人员)陈林富声 明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 刘春 | 董事 | 临时有事 | 张旭波 | 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注 意投资风险。 本公司存在市场波动、原材料价格波动、业务整合、交易形成的商誉将影响公司未来业 绩及财务指标等风险。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为 ...

[Important Notice](index=2&type=section&id=Section%201%20Important%20Notice) The company's board, supervisory board, and senior management affirm the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities[4](index=4&type=chunk) [Key Financial Data and Shareholder Changes](index=3&type=section&id=Section%202%20Key%20Financial%20Data%20and%20Shareholder%20Changes) [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first three quarters of 2016, the company achieved rapid performance growth with **revenue up 68.33%** and **net profit attributable to shareholders up 153.69%**, driven by strong digital marketing business performance and a **28.39% increase in total assets** Key Financial Indicators for Q3 2016 | Indicator | Year-to-Date | Y-o-Y Change (%) | | :--- | :--- | :--- | | Operating Revenue (CNY) | 5,022,009,865.61 | 68.33% | | Net Profit Attributable to Shareholders (CNY) | 435,642,754.97 | 153.69% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (CNY) | 408,986,942.67 | 175.85% | | Net Cash Flow from Operating Activities (CNY) | -16,065,246.93 | -109.40% | | Basic Earnings Per Share (CNY/share) | 0.2859 | 95.55% | | Total Assets (CNY) | 10,784,382,564.16 | 28.39% (vs. End of Prior Year) | | Net Assets Attributable to Shareholders (CNY) | 7,490,026,020.65 | 30.86% (vs. End of Prior Year) | Operating Performance of Key Digital Marketing Subsidiaries (Jan-Sep 2016) | Company Name | Operating Revenue (CNY Billion) | Net Profit (CNY Billion) | Operating Revenue Y-o-Y Growth (%) | Net Profit Y-o-Y Growth (%) | | :--- | :--- | :--- | :--- | :--- | | Shanghai Mankoo | 1.575 | 0.059 | 19.86% | 3.51% | | Shanghai Yakr | 0.147 | 0.025 | 56.38% | 47.06% | | Amber Communications | 0.094 | 0.019 | 4.44% | 26.67% | | Wansheng Weiye | 0.972 | 0.200 | 114% | 78% | | Weichuang Shidai | 0.795 | 0.060 | 33.17% | 30.43% | | Zhiqu Advertising | 0.418 | 0.044 | 117% | 193% | - During the reporting period, the company's total non-recurring gains and losses amounted to **CNY 26.66 million**, primarily from disposal gains on non-current assets, government subsidies, and fair value changes in forward foreign exchange contracts[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period%20End) As of the reporting period end, the company had **30,557 common shareholders**; the top three shareholders, Wang Xiangrong, Wang Zhuangli, and Xu Xianming, collectively held **35.8%** with significant equity pledges, with Wang Xiangrong and Wang Zhuangli being brothers - As of the end of the reporting period, the company had **30,557 common shareholders**[12](index=12&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage (%) | Number of Shares Held | Number of Shares Pledged | | :--- | :--- | :--- | :--- | | Wang Xiangrong | 15.05% | 241,846,593 | 128,171,300 | | Wang Zhuangli | 11.90% | 191,198,982 | 161,570,234 | | Xu Xianming | 8.85% | 142,127,039 | 127,340,000 | | ICBC Credit Suisse Internet Plus Stock Fund | 2.64% | 42,342,722 | - | | Jinwei Capital (Shannan) Phase I Partnership | 2.45% | 39,291,024 | 39,291,024 | - The company's largest shareholder, Wang Xiangrong, and second-largest shareholder, Wang Zhuangli, are brothers and constitute parties acting in concert[14](index=14&type=chunk) [Significant Matters](index=7&type=section&id=Section%203%20Significant%20Matters) [Analysis of Major Financial Item Changes](index=7&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Accounting%20Statement%20Items%20and%20Financial%20Indicators%20During%20the%20Reporting%20Period) During the reporting period, the company experienced significant changes across financial statement items, with **assets growing due to business expansion and investments**, **short-term borrowings increasing by 547.39%**, and **revenue and costs rising from new mergers and digital marketing growth**, alongside higher financial expenses, impairment losses, and income tax Major Balance Sheet Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Other Current Assets | 398.57% | Increased investment in wealth management products | | Available-for-Sale Financial Assets | 474.08% | New investments in companies like Chehejia and Century Kunpeng | | Long-term Equity Investments | 250.68% | New investments in companies like Reyuan Network and Shengxia Xingkong | | Short-term Borrowings | 547.39% | Increased bank borrowings | | Advances from Customers | 88.39% | Business growth and increased advances from customers | Major Income Statement Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 68.33% | Consolidation of acquired companies and digital marketing business development | | Financial Expenses | 376.79% | Increased exchange losses and borrowing interest | | Asset Impairment Losses | 118.86% | Increased provision for bad debts due to higher accounts receivable | | Gains from Fair Value Changes | 8349.94% | Recognition of fair value changes in forward foreign exchange contracts | | Investment Income | 476.03% | Investment income from subsidiary equity disposal | | Income Tax Expense | 257.68% | Consolidation of acquired companies and digital marketing business growth | Major Cash Flow Statement Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash Paid for Investments | 1244.93% | Increased cash paid for external investments compared to prior year | | Cash Paid for Other Investment-Related Activities | 170.08% | Significant increase in cash paid for wealth management products | | Cash Received from Other Investment-Related Activities | 265.07% | Significant increase in cash received from redemption of wealth management products | [Progress of Significant Matters](index=9&type=section&id=II.%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) During the reporting period, the company actively pursued capital operations and strategic layouts, including completing the **second employee stock ownership plan**, establishing multiple **M&A funds** (Leo Lianchuang, Leo Dinghui, Leo WeChat Marketing Ecosystem), granting the **first restricted stock incentive plan**, and acquiring **100% of Shanghai Zhiqu Advertising Co., Ltd.** with supporting funds - The company advanced several significant capital operations during the reporting period, including: * Completing the stock purchase for the **second employee stock ownership plan** * Participating in the establishment of multiple M&A funds, such as Leo Lianchuang, Leo Dinghui, and Leo WeChat Marketing Ecosystem * Completing the grant of the **first restricted stock incentive plan** * Finalizing the acquisition of **100% equity in Shanghai Zhiqu Advertising Co., Ltd.** through share issuance and cash payment, along with raising supporting funds[20](index=20&type=chunk)[21](index=21&type=chunk) [Fulfillment of Commitments](index=10&type=section&id=III.%20Commitments%20Fulfilled%20and%20Unfulfilled%20by%20the%20Company%2C%20Shareholders%2C%20Actual%20Controllers%2C%20Acquirers%2C%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20or%20Other%20Related%20Parties%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) All commitments made by the company and related parties during asset restructuring and refinancing, including performance pledges for acquired companies (Shanghai Mankoo, Shanghai Yakr, Amber Communications, Wansheng Weiye, Weichuang Shidai, Zhiqu Advertising) and share lock-up periods, are being fulfilled without breach Performance Commitments of Major Acquired Targets | Promisor (Target Company) | Commitment Period | Committed Net Profit for 2016 (CNY 10K) | | :--- | :--- | :--- | | Zheng Xiaodong et al. (Shanghai Mankoo) | 2014-2016 | 7,300 | | Zhan Jia et al. (Shanghai Yakr) | 2014-2016 | 3,004.98 | | Liu Yang et al. (Amber Communications) | 2014-2016 | 2,550.02 | | Xu Xianming et al. (Wansheng Weiye) | 2015-2017 | 18,561 | | Liu Lu et al. (Weichuang Shidai) | 2015-2017 | 7,200 | | Xu Jialiang et al. (Zhiqu Advertising) | 2016-2018 | 5,800 | - All performance commitments and share lock-up commitments by relevant parties are being fulfilled, with no breaches observed[26](index=26&type=chunk) [2016 Annual Operating Performance Forecast](index=14&type=section&id=IV.%20Forecast%20of%202016%20Annual%20Operating%20Performance) The company forecasts a significant increase in **2016 net profit attributable to shareholders**, ranging from **CNY 520 million to CNY 600 million**, representing **130.69% to 166.18% year-over-year growth**, primarily due to the consolidation of new acquisitions (Wansheng Weiye, Weichuang Shidai, Zhiqu Advertising) and sustained growth in the digital marketing segment 2016 Annual Operating Performance Forecast | Indicator | Forecast Data | | :--- | :--- | | Net Profit Attributable to Shareholders Change (%) | 130.69% to 166.18% | | Net Profit Attributable to Shareholders Range (CNY 10K) | 52,000 to 60,000 | | 2015 Net Profit Attributable to Shareholders (CNY 10K) | 22,541.05 | - Key drivers for the significant performance growth include: 1) Consolidation of financial data from newly acquired companies such as Wansheng Weiye, Weichuang Shidai, and Zhiqu Advertising; 2) Overall operating performance growth in the company's digital marketing business segment compared to the prior year[27](index=27&type=chunk) [Other Matters](index=14&type=section&id=V.%20Financial%20Assets%20Measured%20at%20Fair%20Value) During the reporting period, the company had no financial assets measured at fair value, no illegal external guarantees, no non-operating fund occupation by controlling shareholders, and conducted no investor relations activities such as surveys, communications, or interviews - The company had no illegal external guarantees during the reporting period[28](index=28&type=chunk) - There was no non-operating occupation of funds by the controlling shareholder or its related parties from the listed company during the reporting period[29](index=29&type=chunk) - No investor relations activities, such as surveys, communications, or interviews, occurred during the reporting period[30](index=30&type=chunk)

利欧集团股份有限公司 2016 年半年度报告全文 利欧集团股份有限公司 2016 年半年度报告 2016 年 08 月 1 利欧集团股份有限公司 2016 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人王相荣、主管会计工作负责人及会计机构负责人(会计主管人员)陈林富声明： 保证本半年度报告中财务报告的真实、准确、完整。 本半年度报告所涉及的经营业绩的预计等前瞻性陈述均属于公司计划性事项，存在一定 的不确定性，不构成公司对投资者的实质性承诺，敬请投资者注意投资风险。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介 5 | | 第三节 会计数据和财务指标摘要 7 | | 第四节 董事会报告 9 | | 第五节 重要事项 26 | | 第六节 股份变动及股东情况 37 | | 第七节 优先股相关情况 42 | | 第八节 ...

证券代码：002131 证券简称：利欧股份 公告编号：2016-038 利欧集团股份有限公司 2016 年第一季度报告正文 2016 年 4 月 1 利欧集团股份有限公司 2016 年第一季度报告正文 利欧集团股份有限公司 2016 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王相荣、主管会计工作负责人及会计机构负责人(会计主管人员)陈林富声明： 保证季度报告中财务报表的真实、准确、完整。 2 利欧集团股份有限公司 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 1,384,814,649.03 | 848,322,930.34 | 63.24% ...

利欧集团股份有限公司 2015 年年度报告全文 利欧集团股份有限公司 Leo Group Co.,Ltd. 2015 年度报告 2016 年 4 月 1 利欧集团股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人王相荣、主管会计工作负责人及会计机构负责人(会计主管人员)陈林富声 明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注 意投资风险。 本公司存在市场波动、原材料价格波动、业务整合、交易形成的商誉将影响公司未来业 绩及财务指标等风险。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 1,509,427,649 为基数，向全体股东 每 10 股派发现金红利 0.3 元（含税），送红股 0 股（含税），不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | ...

[Important Notice](index=2&type=section&id=Section%201%20Important%20Notice) The company's board and management guarantee the truthfulness, accuracy, and completeness of this report's content - The company's Board of Directors, Supervisory Committee, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this report, and assume corresponding legal responsibilities[4](index=4&type=chunk) - The person in charge of the company, the person in charge of accounting, and the head of the accounting department ensure the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) [Key Financial Data and Shareholder Changes](index=3&type=section&id=Section%202%20Key%20Financial%20Data%20and%20Shareholder%20Changes) The company reports significant growth in revenue and net profit, driven by business consolidation, alongside notable shareholder information [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Total assets and net assets grew steadily, with revenue and net profit increasing by 53.01% and 20.63% respectively, driven by the consolidation of the digital marketing business Key Financial Data | Indicator | YTD to End of Reporting Period | YoY Change | Current Reporting Period (Q3) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 2,983,504,384.20 | 53.01% | 1,024,519,314.29 | 43.53% | | Net Profit Attributable to Shareholders (Yuan) | 171,724,173.38 | 20.63% | 16,620,920.42 | -1.90% | | Net Profit Attributable to Shareholders (Non-recurring G/L) (Yuan) | 148,266,358.27 | 65.31% | 28,092,435.83 | 56.52% | | Net Cash Flow from Operating Activities (Yuan) | 170,979,887.43 | 392.48% | -- | -- | | Basic Earnings Per Share (Yuan/share) | 0.1462 | 15.30% | 0.0142 | -6.58% | | Total Assets (Yuan) | 4,504,953,200.30 | 7.22% (vs prior year-end) | | | | Net Assets Attributable to Shareholders (Yuan) | 2,157,338,835.35 | 7.67% (vs prior year-end) | | | Details of Non-recurring Gains and Losses | Item | Amount from YTD to End of Period (Yuan) | Explanation | | :--- | :--- | :--- | | Total Non-recurring Gains and Losses | 23,457,815.11 | | | Government Grants Recognized in Current Profit or Loss | 29,759,726.97 | Primarily due to the receipt of a RMB 24.06 million relocation bonus and other government subsidies | | Gains and Losses on Disposal of Non-current Assets | -601,322.82 | | | Other Non-operating Income and Expenses | -1,557,098.12 | | [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Shareholdings%20of%20the%20Top%20Ten%20Shareholders%20at%20the%20End%20of%20the%20Reporting%20Period) The company had 37,970 common shareholders, with the controlling shareholder and concerted parties holding 36.88%, a majority of which is pledged - The total number of common shareholders at the end of the reporting period was **37,970**[12](index=12&type=chunk) Top 10 Shareholders | Shareholder Name | Shareholding Ratio | Number of Shares Held (shares) | Share Status | | :--- | :--- | :--- | :--- | | Wang Xiangrong | 20.60% | 241,846,593 | Pledged 225,498,439 | | Wang Zhuangli | 16.28% | 191,198,982 | Pledged 176,121,795 | | CITIC Securities Co, Ltd | 3.81% | 44,700,009 | - | | Guosen Securities Co, Ltd | 3.81% | 44,700,000 | - | | Jinwei Capital (Shannan) Phase I Partnership | 3.35% | 39,291,024 | Pledged 39,291,024 | - The company's controlling shareholder and actual controller, Wang Xiangrong, and shareholder Wang Zhuangli are brothers, forming a concerted action relationship[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=Section%203%20Significant%20Matters) The company details significant financial statement changes, progress on major acquisitions, and fulfillment of shareholder commitments [Significant Changes in Key Financial Statement Items](index=6&type=section&id=I.%20Changes%20in%20Key%20Accounting%20Statement%20Items%20and%20Financial%20Indicators%20During%20the%20Reporting%20Period%20and%20Their%20Reasons) Multiple financial items experienced significant fluctuations due to acquisitions, investments, and the consolidation of the digital marketing business Analysis of Major Changes in Financial Statement Items | Statement Item | Change (%) | Main Reason | | :--- | :--- | :--- | | **Balance Sheet Items** | | | | Prepayments | +170.88% | Payment of acquisition and investment deposits | | Available-for-sale Financial Assets | +1016.45% | Capital increase in Zhejiang Wenling Rural Cooperative Bank | | Construction in Progress | +106.86% | Increased payments for engineering equipment and infrastructure projects | | Long-term Borrowings | +163.83% | Increase in bank project loans | | **Income Statement Items** | | | | Operating Revenue | +53.01% | Consolidation of three companies in the digital marketing segment | | Business Taxes and Surcharges | +115.07% | Increased surcharges due to higher operating revenue | | Investment Income | -96.49% | High base in the prior period from significant gains on the sale of a subsidiary's equity | | Non-operating Income | +165.69% | Receipt of a RMB 24.06 million relocation bonus | | **Cash Flow Statement Items** | | | | Cash Paid for Investments | +342.20% | Payment for capital increase in Zhejiang Wenling Rural Cooperative Bank | | Other Cash Paid Related to Investing Activities | +254.51% | Payment of acquisition deposits and equity transfer fees | [Progress on Significant Matters](index=7&type=section&id=II.%20Progress%20of%20Significant%20Matters%20and%20Analysis%20of%20Their%20Impact%20and%20Solutions) The company advanced its strategic transformation into digital marketing, with key acquisitions approved and new restructuring plans initiated - The issuance of shares and payment of cash to acquire **100% equity** in Jiangsu Wansheng Weiye Network Technology Co, Ltd and Beijing Weichuang Shidai Advertising Co, Ltd was **approved by the CSRC** in September 2015[19](index=19&type=chunk)[20](index=20&type=chunk) - The company initiated a new major asset restructuring in September 2015 to acquire **100% equity** in Beijing Reyuan Network Culture Media Co, Ltd and Shanghai Xie & Luo Advertising Co, Ltd[20](index=20&type=chunk) - The company implemented its 2015 semi-annual equity distribution plan, converting capital reserves into **20 new shares for every 10 shares held**[20](index=20&type=chunk) - The controlling shareholder and actual controller, Mr Wang Xiangrong, **completed his share purchase plan**[20](index=20&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=III.%20Commitments%20Made%20by%20the%20Company%20or%20Shareholders%20with%205%25%20or%20More%20Shares%20During%20or%20Prior%20to%20the%20Reporting%20Period%20and%20Continuing%20into%20the%20Reporting%20Period) The company and its major shareholders have strictly fulfilled all commitments, including share lock-ups and the controlling shareholder's share purchase plan - Commitments regarding share sale restrictions and avoidance of horizontal competition made during the IPO by controlling shareholders and executives, including Wang Xiangrong, Wang Zhuangli, and Yan Tufu, are being fulfilled without any violations[21](index=21&type=chunk) - The controlling shareholder, Wang Xiangrong, has **fulfilled the commitment** to increase his shareholding by no less than **RMB 35 million** within 12 months from July 9, 2015[22](index=22&type=chunk) [2015 Operating Performance Forecast](index=9&type=section&id=IV.%20Forecast%20of%20Operating%20Performance%20for%20the%202015%20Fiscal%20Year) The company forecasts a 15% to 40% year-over-year increase in net profit for 2015, driven by the full-year consolidation of three digital marketing subsidiaries 2015 Full-Year Net Profit Forecast | Item | Forecast | | :--- | :--- | | Forecast Type | Net profit is positive and not a turnaround from loss | | 2015 Net Profit Attributable to Shareholders YoY Change | 15.00% to 40.00% | | 2015 Net Profit Attributable to Shareholders Range | 206,903,500 Yuan to 251,882,500 Yuan | | 2014 Net Profit Attributable to Shareholders | 179,916,100 Yuan | - The primary reason for the performance change is the **full-year consolidation** of three digital marketing companies starting January 1, 2015, compared to the previous year which only included data from Shanghai Manku Advertising Co, Ltd for April-December 2014[23](index=23&type=chunk) [Other Compliance Matters](index=9&type=section&id=V.%20Securities%20Investments) The company confirms no engagement in securities investments, holding other listed company shares, illegal guarantees, or non-operating fund occupation - During the reporting period, the company had **no securities investments**, holdings in other listed companies, illegal external guarantees, or non-operating fund occupation by controlling shareholders and their related parties[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk)