浙江聚力文化发展股份有限公司 2022 年第一季度报告 浙江聚力文化发展股份有限公司 2022 年第一季度报告全文 股票代码：002247 股票简称：聚力文化 公告编号：2022-015 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 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 4.审计师发表非标意见的事项 √适用 □不适用 公司认为无须对北京腾讯文化传媒有限公司（以下简称"北京腾讯"）起诉天津点我信息科技有限公 司（以下简称"天津点我"）、苏州美生元信息科技有限公司（以下简称"美生元"）和公司的诉讼事项 计提相关损失。由于该事项对财务报表可能的影响，年审会计师对公司 2020 年度财务报表发表了保留意 见。上述事项在 2021 年仍未解决。天健会计师事务所（特殊普通合伙）对公司 2021 ...

Financial Performance - The company's operating revenue for 2021 was ¥1,164,108,036.36, representing a 16.72% increase compared to ¥997,359,077.88 in 2020[19] - The net profit attributable to shareholders of the listed company for 2021 was ¥80,664,982.10, a decrease of 51.34% from ¥165,786,201.87 in 2020[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was ¥78,037,253.99, a significant increase of 295.59% compared to the previous year[20] - The operating cash flow for 2021 was ¥88,763,888.43, representing a decrease of 56.27% from the previous year[20] - Basic and diluted earnings per share for 2021 were both ¥0.09, down 52.63% year-on-year[20] - The weighted average return on equity for 2021 was 12.45%, a decrease of 19.17% compared to the previous year[20] - Total assets at the end of 2021 were ¥1,041,391,727.15, reflecting a 2.29% increase from the end of 2020[20] - The net assets attributable to shareholders at the end of 2021 were ¥688,046,366.71, an increase of 13.28% from the end of 2020[20] - The company reported a total revenue of ¥1,163,108,036.36 for the year, with quarterly revenues of ¥239,933,718.30, ¥323,374,694.96, ¥306,938,074.79, and ¥293,861,548.31 respectively[24] - The company experienced a net profit of ¥13,610,808.87 in Q1 2021, with a peak in Q2 at ¥36,885,371.78, followed by declines in Q3 and Q4[24] Business Strategy and Operations - The company has undergone a significant business adjustment, focusing primarily on the research, design, production, and sales of high-end architectural decorative materials[18] - The company is positioned as a leader in the decorative paper segment, focusing on the mid-to-high-end market, and aims to strengthen its market position amid industry consolidation[30] - The construction decoration materials industry is expected to see increased consolidation and a shift towards high-quality, environmentally friendly products, aligning with national development strategies[30] - The company plans to focus on the production and sales of furniture, cabinets, and flooring veneer materials, while maintaining a high-end product positioning[69] - The company aims to enhance its sales management system and strengthen its sales team, with a focus on expanding large customer accounts[70] - Cost control measures will be implemented to manage rising raw material prices, including optimizing order timing and increasing centralized procurement[70] - The company will continue to improve product quality by adopting new quality management concepts and utilizing advanced equipment for online monitoring[70] Legal and Compliance Issues - The company is currently involved in a legal dispute where it may be liable for a payment of approximately ¥261 million due to a court ruling[4] - The company has not made any provisions for losses related to the ongoing legal case as the second-instance court has yet to make a ruling[4] - The company is facing a lawsuit where it is required to pay approximately ¥261 million (about $40 million) due to a contract dispute, with potential joint liability for related debts[71] - The company has not recognized any losses or liabilities related to the lawsuit as of now, and is actively appealing the first-instance judgment[72] - The company received an administrative penalty from the China Securities Regulatory Commission for financial misstatements from 2016 to 2018, necessitating corrections to previous financial reports[74] - The company received a non-standard audit report with a qualified opinion from Tianjian Accounting Firm for the 2021 financial report due to unresolved litigation and the investigation by the China Securities Regulatory Commission[136] Research and Development - The company has a strong R&D capability, supported by a provincial-level high-tech enterprise research center, ensuring continuous innovation and competitive advantage[33] - R&D investment amounted to ¥43,497,805.93 in 2021, an increase of 6.53% from ¥40,829,654.13 in 2020[53] - The company completed several key R&D projects, including the development of eco-friendly decorative paper and high-performance adhesives, which are expected to enhance product quality and market competitiveness[50] - The company achieved significant advancements in technology, such as machine vision defect detection, which improves production efficiency and reduces reliance on manual inspection[50] - The company aims to leverage its R&D capabilities to meet the growing demand for customized and high-quality decorative paper products in the market[51] Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[110] - The company has established a secondary wastewater treatment plant that meets discharge standards through chemical precipitation and biological treatment[110] - The company has implemented a comprehensive environmental safety management system, including regular inspections and accountability measures[110] - The company has actively participated in social responsibility initiatives, including providing numerous job opportunities for disabled individuals and making annual donations to charitable organizations[119] - The company is committed to maintaining a harmonious relationship with stakeholders, focusing on honest and fair business practices[119] Governance and Management - The company has retained Tianjian Accounting Firm for auditing, which issued a qualified opinion on the financial report[4] - The company has a diverse management team with significant experience in various sectors, including finance and engineering[87] - The company continues to focus on enhancing its governance structure through experienced independent directors and supervisors[85] - The management team is committed to maintaining operational efficiency and strategic growth in the coming years[87] - The total remuneration for the board of directors, supervisors, and senior management in 2021 amounted to 4.0905 million yuan, which has been fully paid[89] Shareholding and Equity Structure - The company reported a total shareholding of 37,124,560 shares at the end of the reporting period, with no changes in shareholding during the period[83] - The total number of shares is 850,870,049, with limited sale condition shares decreasing from 259,759,221 to 207,081,802, a reduction of 52,677,419 shares[171] - The company’s shareholding structure includes several major shareholders with over 5% ownership, indicating a concentrated ownership structure[178] - The company has not engaged in any repurchase transactions during the reporting period, indicating a stable shareholding structure[184] Financial Management and Risks - The company has implemented a risk management system to monitor and control various operational aspects, contributing to its long-term stability[34] - The company’s financial management strategy remains focused on low-risk investments, as indicated by the absence of high-risk financial products[165] - The company has not reported any overdue amounts or impairment provisions related to entrusted financial management[164] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[131]

Financial Performance - The company's operating revenue for the third quarter was ¥306,938,074.79, a decrease of 3.31% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥16,720,559.30, down 31.95% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥15,229,249.52, a decrease of 36.77%[5]. - Operating income decreased by 49.66% compared to the same period last year, mainly due to reduced insurance and transportation claims[11]. - Net profit for the third quarter was ¥67,216,739.95, a decrease of 59.3% from ¥164,699,406.08 in the previous year[25]. - Total comprehensive income attributable to the parent company was CNY 67,216,739.95, a decrease from CNY 165,129,518.88 in the previous period[26]. - Basic and diluted earnings per share were both CNY 0.08, down from CNY 0.19 in the same period last year[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,119,604,257.18, reflecting a 9.97% increase from the end of the previous year[5]. - The total assets as of September 30, 2021, were ¥1,119,604,257.18, up from ¥1,018,077,012.23 at the end of 2020[22]. - The company's total liabilities increased to ¥445,006,132.62 from ¥410,695,627.62 year-over-year[22]. - Cash and cash equivalents decreased to ¥173,266,219.69 from ¥207,093,797.80, indicating a reduction in liquidity[21]. Cash Flow - Net cash flow from operating activities decreased by 160.82% compared to the same period last year, attributed to increased sales and procurement of raw materials[12]. - Net cash flow from investing activities decreased by 71.95% compared to the same period last year, primarily due to a decrease in the redemption amount of investment financial products[12]. - Net cash flow from financing activities increased by 64.95% compared to the same period last year, due to reduced cash payments for bank loan repayments and guarantee responsibilities[12]. - Net cash flow from operating activities was negative CNY 23,149,403.09, compared to positive CNY 38,064,114.37 in the previous period[27]. - Cash inflow from operating activities totaled CNY 500,874,676.23, down from CNY 565,188,800.76 year-over-year[27]. - Cash outflow from operating activities was CNY 524,024,079.32, slightly lower than CNY 527,124,686.39 in the previous period[27]. - Net cash flow from investing activities was CNY 28,189,884.17, a significant decrease from CNY 100,502,758.80 in the previous period[28]. - Cash and cash equivalents at the end of the period were CNY 130,075,310.45, up from CNY 83,636,070.99 at the end of the previous period[28]. - Cash inflow from financing activities was CNY 624,307.51, while cash outflow was CNY 59,973,811.27, resulting in a net cash flow of negative CNY 59,349,503.76[28]. Operational Costs and Expenses - The company's operating costs rose by 35.40% year-on-year, attributed to increased revenue and rising raw material prices[10]. - Total operating costs amounted to ¥804,036,603.60, up 21.6% from ¥660,744,077.91 year-over-year[24]. - Research and development expenses increased to ¥30,657,804.81, compared to ¥29,815,571.29 in the same quarter of 2020, reflecting a focus on innovation[25]. - The company reported a significant decrease in financial expenses, down to ¥627,268.05 from ¥8,676,605.62, reflecting improved cost management[25]. Accounts Receivable and Inventory - Accounts receivable increased by 273.33% compared to the beginning of the period, primarily due to the company's practice of comprehensive collection at year-end[9]. - Accounts receivable rose significantly to ¥292,838,239.77 from ¥78,440,379.99, suggesting increased sales or credit terms[21]. - Inventory levels increased to ¥128,296,086.48, compared to ¥108,915,076.16, indicating potential stockpiling or increased production[21]. Legal and Regulatory Issues - The company has not recognized any losses or liabilities related to ongoing litigation with Tencent Culture Media, as management believes there is no asset commingling[4]. - The company has received a non-standard audit opinion due to an ongoing investigation by the China Securities Regulatory Commission, affecting the authenticity of certain receivables[2]. - The company plans to enhance its legal team and gather additional evidence to protect its rights amid ongoing litigation[4]. - The company is currently facing a legal dispute with Beijing Tencent Culture Media Co., Ltd., with a first-instance judgment requiring significant payments, and has filed an appeal[17]. Impairment Losses - Credit impairment losses decreased by 96.96% compared to the same period last year, primarily due to the disposal of Beijing Dilong Culture and related bad debt provisions in the previous year[11]. - Asset impairment losses decreased by 102.76% compared to the same period last year, mainly due to significant impairment provisions made for the entertainment sector in the previous year[11].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥563,308,413.26, representing a 45.83% increase compared to ¥386,282,676.88 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 64.14% to ¥50,496,180.65 from ¥140,806,742.09 year-on-year[19]. - The net profit after deducting non-recurring gains and losses surged by 2,790.27% to ¥47,927,734.25 compared to ¥1,658,242.06 in the previous year[19]. - The net cash flow from operating activities was negative at -¥36,799,909.14, worsening from -¥1,198,286.50 in the same period last year, a decline of 2,971.04%[19]. - The total assets at the end of the reporting period increased by 8.19% to ¥1,101,500,777.47 from ¥1,018,077,012.23 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company rose by 8.31% to ¥657,877,565.26 from ¥607,381,384.61 at the end of the previous year[19]. - The basic earnings per share decreased by 64.71% to ¥0.06 from ¥0.17 in the same period last year[19]. - The weighted average return on net assets fell by 19.54% to 7.98% from 27.52% in the previous year[19]. Revenue Breakdown - In the first half of 2021, the company's revenue from architectural decorative veneer materials reached CNY 563.31 million, a 58.42% increase compared to CNY 356.32 million in the same period of 2020[29]. - The company's net profit for the architectural decorative veneer materials business was CNY 58.05 million, representing a 68.15% increase from CNY 34.53 million in the previous year[29]. - The overall gross margin for the architectural decorative veneer materials business decreased by 2.12 percentage points compared to the previous year, primarily due to rising raw material costs[29]. - The construction materials sector generated ¥557.29 million, accounting for 98.93% of total revenue, with a year-on-year growth of 58.30%[40]. - Revenue from decorative paper increased by 73.57% to ¥258.39 million, while the gross margin for this product was 29.49%[41]. - Domestic sales accounted for 84.62% of total revenue at ¥476.67 million, reflecting a 46.23% increase from the previous year[38]. Legal and Compliance Issues - The company is currently involved in a legal dispute regarding a contract with Beijing Tencent Cultural Media Co., Ltd., with a first-instance judgment requiring payment of approximately ¥261 million[5]. - The company faces litigation risks, including a court ruling requiring Tianjin Dianwo to pay approximately ¥261.03 million to Beijing Tencent, with the company liable for joint repayment[55]. - The company has taken legal action to protect its rights and interests against claims related to its former cultural business subsidiary[74]. - The company is involved in multiple lawsuits, with significant amounts at stake, including a claim of 26.41 million yuan against it and its subsidiaries[92]. - The company received an administrative penalty from the China Securities Regulatory Commission for inflated revenue and profits in 2016 and 2017, resulting in significant changes to the compensation amount and method[85]. Environmental and Social Responsibility - The company has established a two-level wastewater treatment plant, achieving compliance through chemical sedimentation and biochemical treatment, with a total discharge of 4.187 tons of chemical oxygen demand and 0.204 tons of ammonia nitrogen[70]. - The company has developed an emergency response plan for environmental incidents, which has been registered with local environmental protection departments[71]. - The company actively participates in social welfare initiatives, providing numerous job opportunities for disabled individuals and donating to charitable organizations annually[77]. Corporate Governance - The company has established a sound corporate governance structure and improved its internal control system following the board's re-election in December 2019[74]. - The company has committed to avoiding and minimizing related party transactions post-restructuring, ensuring fairness and transparency[81]. - The company has a commitment to not occupy funds from the target company or require guarantees from its subsidiaries[81]. Future Outlook and Strategy - The company aims to strengthen its leading position in the mid-to-high-end market of the decorative paper industry, capitalizing on industry consolidation trends[28]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30%[82]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2021[83]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[82]. - The company plans to enhance its digital marketing efforts, expecting a 15% increase in customer engagement[82]. Financial Management - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[86]. - The company has not reported any significant guarantees or leasing situations during the reporting period[105][108]. - The company has engaged in entrusted financial management with a total amount of 13,600 million, with an outstanding balance of 8,000 million[112]. - The company has not reported any expected impairments or other potential risks related to its financial management activities[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 30,564[127]. - The largest shareholder, Yu Haifeng, holds 9.45% of the shares, totaling 80,436,363 shares, with a decrease of 50,000,000 shares during the reporting period[127]. - The company has a total of 259,759,221 shares with 50,015,820 shares released from restrictions during the reporting period[125]. - The company is subject to specific conditions for the release of restricted shares, including a 36-month lock-up period from the date of listing[124]. Audit and Compliance - The semi-annual financial report for the company has not been audited[88]. - The company received a qualified audit opinion for the 2020 financial report due to an ongoing investigation by the China Securities Regulatory Commission, affecting the authenticity of accounts receivable related to its gaming culture business[89]. - The company has corrected its previous financial statements based on the findings of the administrative penalty decision[98].

Financial Performance - The company's operating revenue for 2020 was ¥997,359,077.88, a decrease of 55.59% compared to ¥2,245,986,473.88 in 2019[17] - The net profit attributable to shareholders in 2020 was ¥165,786,201.87, a significant increase of 110.47% from a loss of ¥1,583,322,363.72 in 2019[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,726,847.83, improving by 101.25% from a loss of ¥1,572,978,430.88 in 2019[17] - The net cash flow from operating activities was ¥202,966,174.95, an increase of 25.63% compared to ¥161,560,990.74 in 2019[17] - Basic earnings per share for 2020 were ¥0.19, a recovery from a loss of ¥1.86 per share in 2019, marking an increase of 110.22%[17] - The company's total assets decreased by 40.68% from CNY 1,716,271,668.40 at the end of 2019 to CNY 1,018,077,012.23 at the end of 2020[19] - The net assets attributable to shareholders increased by 37.67% from CNY 441,194,941.92 at the end of 2019 to CNY 607,381,384.61 at the end of 2020[19] - The company reported a net profit attributable to shareholders of CNY -22,959,412.95 in Q1 2020, followed by CNY 163,766,155.04 in Q2, CNY 24,571,826.48 in Q3, and CNY 407,633.30 in Q4[22] - The net cash flow from operating activities was negative CNY 87,499,366.09 in Q1 but turned positive in subsequent quarters, reaching CNY 164,902,060.58 in Q4[22] - The company reported non-recurring gains of CNY 146,059,354.04 in 2020, primarily from the disposal of non-current assets[24] Business Strategy and Focus - The company is focusing on its core business of high-end architectural decorative materials following the divestiture of its entertainment segment[17] - The company aims to strengthen its leading position in the mid-to-high-end market of decorative materials, capitalizing on industry consolidation trends[28] - The company’s performance in the decorative materials business remains stable, with no significant changes in its operating model during the reporting period[27] - The architectural decorative veneer materials business generated revenue of 966.55 million yuan in 2020, down 12.99% from 2019, but achieved a net profit of 99.74 million yuan, an increase of 46.77%[37] - The company established a marketing center focusing on large client expansion, resulting in significant breakthroughs with major clients like Vanke and Longfor[37] - The company plans to focus on producing and selling decorative materials for furniture, cabinets, and flooring, while also investing in new materials[80] - The company aims to enhance its market share by optimizing customer structure and increasing market expansion efforts, particularly in the high-end and personalized residential decoration market[79] Risks and Legal Matters - The company faces various risks, including litigation risks and macroeconomic fluctuations, which may impact future performance[5] - The company has not made provisions for potential losses related to ongoing litigation as of the end of 2020[4] - The company is currently involved in a lawsuit where it may be liable for a total of approximately ¥261 million (around $40 million) in debts and penalties related to a contract dispute[83] - The company has not recognized any losses or liabilities related to the lawsuit pending the outcome of the appeal, which is still undecided[105] - The company has reported a total of 22,500 million CNY in approved external guarantees, with an actual guarantee balance of 16,579.04 million CNY, representing 27.30% of the company's net assets[139] - The company has indicated that ongoing litigation will not have a major impact on its financial performance for the current or future periods[123] Shareholder and Governance Structure - The company has no controlling shareholder or actual controller, as it transitioned to this status after a share transfer agreement in December 2017[170] - The company’s shareholding structure indicates a lack of concentrated control, promoting a more democratic governance model[170] - The company has a significant shareholder structure, with the top ten shareholders holding a combined total of 307,000,000 shares[166] - The company has maintained a stable shareholding structure with no significant changes in shareholdings among key executives during the reporting period[179] - The company’s governance structure includes a mix of experienced professionals and independent directors to enhance oversight and strategic direction[182][184] Environmental and Social Responsibility - The company has established a charity fund and contributed to pandemic relief efforts during the reporting period[147] - The company is classified as a key pollutant discharge unit and has implemented measures to manage waste and emissions effectively[149] - The company has set up a dedicated environmental safety department to oversee pollution prevention and control measures[150] - The company has developed an emergency response plan for environmental incidents and conducts regular drills[152] - The company continues to emphasize environmental protection and the implementation of the ISO14001 environmental management system[154] Employee and Management Information - The company employed a total of 1,471 staff, including 867 production personnel, 147 sales personnel, and 255 technical personnel[191] - The total remuneration for directors, supervisors, and senior management in 2020 amounted to CNY 4.0029 million, with CNY 3.8026 million already paid[188] - The company has established a competitive salary policy based on industry standards to attract and retain key talent[192] - The company has implemented a targeted training program to enhance employee skills and career development[194] - The company has a diverse board with members holding various professional qualifications, including accounting and engineering[182][183]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 386,282,676.88, a decrease of 78.81% compared to CNY 1,822,803,107.97 in the same period last year[19]. - Net profit attributable to shareholders was CNY 140,806,742.09, representing a significant increase of 222.89% from CNY 43,608,735.91 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 1,658,242.06, down 94.53% from CNY 30,307,255.86 in the previous year[19]. - The company's total assets decreased by 41.20% to CNY 1,009,200,380.28 from CNY 1,716,271,668.40 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 32.01% to CNY 582,401,924.83 from CNY 441,194,941.92 at the end of the previous year[19]. - Basic and diluted earnings per share were both CNY 0.17, an increase of 240.00% compared to CNY 0.05 in the same period last year[19]. - The weighted average return on equity was 27.52%, up 25.39 percentage points from 2.13% in the previous year[19]. - The net cash flow from operating activities was negative CNY 1,198,286.50, a decline of 101.66% compared to CNY 72,081,058.97 in the same period last year[19]. - The company reported a net loss of CNY 3.35 billion as of June 30, 2020, compared to a net loss of CNY 3.49 billion at the end of 2019[136]. - The total comprehensive income for the first half of 2020 was CNY 139.88 million, compared to CNY 41.37 million in the same period of 2019[142]. Revenue Breakdown - The architectural decorative veneer materials business generated CNY 35,557.62 million in revenue, down 26.28% year-on-year, but net profit increased by 3.64% to CNY 3,452.52 million[34]. - The revenue from the building materials sector was ¥352,049,559.59, accounting for 91.14% of total revenue, with a year-on-year decrease of 26.52%[40]. - The gaming sector revenue plummeted to ¥27,703,828.00, a staggering decline of 97.93% from ¥1,337,843,131.31 in the previous year[41]. Cost Management - The company has implemented significant cost control measures, including group purchasing of raw materials and reducing non-production expenses[35]. - Total operating costs for the first half of 2020 were CNY 385.23 million, down 78.5% from CNY 1,789.60 million year-on-year[141]. Cash Flow and Investments - Investment activities generated a net cash flow of ¥144,083,800.50, a significant increase of 338.59% from -¥60,389,328.38 in the same period last year[38]. - The net cash flow from investment activities was positive at 144,083,800.50 CNY, compared to a negative cash flow of -60,389,328.38 CNY in the previous year[148]. - The company reported a total cash outflow from financing activities of 159,299,829.05 CNY, compared to 540,308,685.55 CNY in the same period of 2019[148]. Legal and Regulatory Issues - The company is cooperating with the China Securities Regulatory Commission (CSRC) regarding an ongoing investigation into alleged information disclosure violations, with no clear conclusion reached yet[62]. - The company is facing legal risks related to multiple lawsuits involving its subsidiary, Beijing Dilong Culture, which may implicate the listed company in legal responsibilities[61]. - The company has a total litigation amount of approximately 84.31 million yuan related to various financial disputes, including a significant case involving Meishengyuan, which has not yet been executed[78]. Shareholder and Equity Information - The largest shareholder, Yu Haifeng, holds 15.33% of the shares, totaling 130,436,363 shares, which are pledged and frozen[116]. - The total number of shares outstanding remains at 850,870,049[112]. - The company has specific conditions for the release of locked shares, including a 36-month holding period and completion of profit compensation obligations[113]. Research and Development - The company has a strong R&D capability with 15 invention patents and 18 utility model patents, ensuring a competitive edge in technology and product quality[30]. - The company operates in the mid-to-high-end decorative veneer materials sector, focusing on research and development, design, and production[172]. Environmental Compliance - The company has established a two-level wastewater treatment station and employs biological methods for waste gas treatment, ensuring compliance with emission standards[104]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[103]. Future Commitments and Performance Targets - The company committed to achieving net profits of no less than RMB 700 million, RMB 850 million, and RMB 950 million for the fiscal years 2018, 2019, and 2020 respectively[70]. - If the profit commitments are not met, the responsible parties will collectively increase their holdings in the company by no less than RMB 200 million in market value within 30 trading days after the audit report is issued[70]. Accounting and Financial Reporting - The company's financial report for the half-year has not been audited[132]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial status accurately[177]. - The company has not made any changes to its accounting policies or corrected prior period errors[156].

Financial Performance - Operating revenue for the reporting period was CNY 317,461,863.04, a decrease of 31.89% year-on-year, while revenue for the year-to-date was CNY 703,744,539.92, down 69.25%[7] - Net profit attributable to shareholders increased by 148.27% to CNY 24,571,826.48 for the reporting period, and surged 2,367.88% to CNY 165,378,568.57 year-to-date[7] - Basic earnings per share rose by 150.00% to CNY 0.03 for the reporting period, and increased 2,000.00% to CNY 0.19 year-to-date[7] - Total operating revenue for Q3 2020 was CNY 317,461,863.04, a decrease of 31.8% compared to CNY 466,109,434.43 in the same period last year[46] - The net profit for the third quarter was CNY 24.57 million, a turnaround from a net loss of CNY 51.57 million in the previous year[48] - The operating profit for the quarter was CNY 30.98 million, compared to an operating loss of CNY 65.82 million in the same quarter last year[47] - The company reported a net profit of ¥164,699,406.08 for Q3 2020, a significant recovery from a net loss of ¥10,126,209.27 in the same period last year, marking a turnaround of over 1,600%[54] - The total comprehensive income for the quarter was ¥164,450,356.39, compared to a loss of ¥10,665,894.02 in Q3 2019, showcasing a strong recovery in overall financial performance[55] Cash Flow and Assets - Cash flow from operating activities increased by 238.85% to CNY 39,262,400.87 for the reporting period[7] - The company reported a decrease in cash and cash equivalents by 45.13% due to the exclusion of Beijing Dilong Culture and repayment of bank debts[15] - The total current assets decreased significantly from ¥1,038.08 million to ¥642.31 million, indicating a decline of approximately 38%[36] - The total cash and cash equivalents at the end of the period stood at 83,636,070.99 CNY, compared to 59,687,537.96 CNY in the same period last year[60] - Operating activities generated a net cash flow of -1,267,541.86 CNY, a decline from 7,900,759.37 CNY in the previous year[63] - The company’s cash and cash equivalents decreased to CNY 645,789.47 from CNY 668,956.49, indicating a need for improved cash flow management[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,645[11] - The top shareholder, Yu Haifeng, holds 15.33% of shares, with 130,436,363 shares pledged[11] - Shareholder Jiang Xiaowen increased her stake in the company by acquiring 5,149,000 shares, representing 0.61% of the total share capital, between June 1 and June 24, 2020[22] - The company has seen significant changes in shareholding structure, with Jiang Xiaowen and her concerted parties expected to hold over 20% of the total share capital after recent transactions[22] Liabilities and Equity - Total liabilities reached CNY 482,972,919.67, a significant reduction from CNY 1,279,084,054.07 in the previous year[39] - The company's total equity attributable to shareholders was CNY 606,973,751.31, compared to CNY 441,194,941.92 in the same period last year, indicating an increase of 37.6%[40] - Current liabilities totaled CNY 315,774,780.18, a decrease from CNY 1,179,200,960.41 in the previous year, indicating improved liquidity management[39] Legal and Regulatory Matters - The company is currently facing a regulatory investigation by the China Securities Regulatory Commission[22] - The company is involved in ongoing arbitration regarding performance compensation payments related to its subsidiaries, with specific amounts tied to performance commitments[23] - The company has been involved in various legal disputes, including contract disputes with Beijing Tencent Cultural Media Co., Ltd.[22] Operational Challenges - Operating revenue decreased by 69.25% compared to the same period last year, primarily due to the stagnation of the entertainment sector and the exclusion of Beijing Dilong Culture from the consolidation scope since June 18, 2020[22] - Operating costs decreased by 75.22% compared to the same period last year, corresponding to the decline in operating revenue[22] - Research and development expenses decreased by 32.73% compared to the same period last year, mainly due to the stagnation of the entertainment sector[19] - Financial expenses decreased by 60.34% compared to the same period last year, as a result of reduced bank borrowings and corresponding interest expenses[19] Investment Activities - Investment income increased by 4,475.47% compared to the same period last year, primarily due to gains from the disposal of the subsidiary Beijing Dilong Culture[19] - Cash flow from investment activities increased by 255.94% compared to the same period last year, mainly due to the redemption of financial products and trading financial assets[20] - The company reported that it did not engage in any securities or derivative investments during the reporting period[27][28] Financial Adjustments - The company adjusted its financial statements for the first time under new revenue and leasing standards, impacting the balance sheet[64] - The company implemented the new revenue recognition standards starting January 1, 2020, affecting the classification of contract liabilities[69]

浙江聚力文化发展股份有限公司 2021 年第一季度报告全文 浙江聚力文化发展股份有限公司 2021 年第一季度报告 2021 年 04 月 1 浙江聚力文化发展股份有限公司 2021 年第一季度报告全文 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。 公司负责人陈智剑、主管会计工作负责人杜锡琦及会计机构负责人(会计主 管人员)杜锡琦声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江聚力文化发展股份有限公司 2021 年第一季度报告全文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 239,933,718.30 | 133,463,918.89 | 79.77% | | 归属于上市公司股东的净利润（元） | 13,610,808.87 | - ...

Financial Performance - Operating revenue for the period was CNY 317,461,863.04, a decrease of 31.89% year-on-year, while year-to-date revenue dropped by 69.25% to CNY 703,744,539.92[7] - Net profit attributable to shareholders increased by 148.27% to CNY 24,571,826.48 for the period, with a staggering year-to-date increase of 2,367.88% to CNY 165,378,568.57[7] - Basic earnings per share rose by 150.00% to CNY 0.03 for the period, with a year-to-date increase of 2,000.00% to CNY 0.19[7] - The net profit for the third quarter was CNY 24,571,826.48, a turnaround from a net loss of CNY 51,574,797.98 in the previous year[47] - The operating profit for the quarter was CNY 30,981,686.04, compared to an operating loss of CNY 65,821,020.05 in the same quarter last year[46] - The company reported a net profit of ¥164,699,406.08 for Q3 2020, a significant recovery from a net loss of ¥10,126,209.27 in the same period last year, marking a turnaround of over 1,600%[53] - Operating profit for the quarter was ¥187,122,191.62, compared to an operating loss of ¥35,850,397.00 in Q3 2019, indicating a strong operational performance improvement[53] Cash Flow and Liquidity - Net cash flow from operating activities increased by 238.85% to CNY 39,262,400.87 for the period[7] - The company reported a cash outflow of 10,018,549.71 CNY related to other operating activities, a decrease from 190,873,980.07 CNY last year[62] - The total cash inflow from operating activities was 11,305,706.36 CNY, down from 202,577,619.23 CNY year-over-year[62] - The company’s cash flow from operating activities was ¥38,064,114.37, a decrease from ¥43,803,374.78 in the previous year, indicating a slight decline in cash generation capabilities[57] - The net cash flow from investment activities was 100,502,758.80 CNY, a significant improvement compared to a net outflow of -64,450,869.73 CNY in the previous period[59] - The net cash flow from financing activities was -169,327,620.72 CNY, worsening from -75,998,818.78 CNY year-over-year[59] Assets and Liabilities - Total assets decreased by 36.49% to CNY 1,089,946,670.98 compared to the end of the previous year[7] - Total liabilities decreased to CNY 482,972,919.67 from CNY 1,279,084,054.07 year-over-year[39] - The total current liabilities were CNY 315,774,780.18, significantly reduced from CNY 1,179,200,960.41 year-over-year[39] - The company’s total equity attributable to shareholders was CNY 606,973,751.31, an increase from CNY 441,194,941.92 in the previous year[40] - The company reported an accumulated undistributed profit of CNY -3,490,774,910.02, indicating significant losses[67] - The total current assets decreased from CNY 1.04 billion at the end of 2019 to CNY 642.31 million, indicating a decline of approximately 38.1%[37] Shareholder Information - The number of ordinary shareholders at the end of the period was 22,645[11] - The top shareholder, Yu Haifeng, holds 15.33% of shares, with a total of 130,436,363 shares pledged[11] - Shareholder Jiang Xiaowen increased her stake by acquiring 5,149,000 shares, representing 0.61% of the company's total equity, and is expected to hold over 20% of the total equity after a recent auction[22] Operational Challenges - Operating revenue decreased by 69.25% compared to the same period last year, primarily due to the stagnation of the company's cultural entertainment segment and the exclusion of Beijing Dilong Culture from the consolidated financial statements since June 18, 2020[22] - Operating costs decreased by 75.22% compared to the same period last year, corresponding to the decline in operating revenue[22] - Research and development expenses decreased by 32.73% compared to the same period last year, mainly due to the stagnation of the cultural entertainment segment[19] - The company is involved in ongoing arbitration proceedings related to performance compensation claims[22] - The company has been under investigation by the China Securities Regulatory Commission, with notifications received regarding the investigation[23] Investment and Financial Commitments - The company has committed to a financial investment of CNY 228 million in bank wealth management products, with an outstanding balance of CNY 131 million[30] - The company has faced challenges in fulfilling share buyback commitments due to financial constraints, with significant delays reported[25][26] - The company has not yet repaid RMB 9 million owed to its subsidiaries as part of its commitments[23] Compliance and Regulatory Issues - The company has commitments to avoid and reduce related party transactions post-restructuring, ensuring compliance with legal and regulatory standards[23] - The company’s stock has been subject to various legal proceedings, including a lawsuit involving contract disputes with Beijing Tencent Cultural Media Co., Ltd.[22] - The company is implementing the new revenue recognition standards from January 1, 2020, which may affect future financial statements[67]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥386,282,676.88, a decrease of 78.81% compared to ¥1,822,803,107.97 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥140,806,742.09, an increase of 222.89% from ¥43,608,735.91 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥339,666,286.79, a decrease of 1,220.74% compared to ¥30,307,255.86 in the same period last year[18]. - The basic earnings per share increased by 240.00% to ¥0.17 from ¥0.05 in the previous year[18]. - The total assets at the end of the reporting period were ¥1,009,200,380.28, a decrease of 41.20% from ¥1,716,271,668.40 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 32.01% to ¥582,401,924.83 from ¥441,194,941.92 at the end of the previous year[18]. - The company reported a net cash flow from operating activities of -¥1,198,286.50, a decrease of 101.66% compared to ¥72,081,058.97 in the same period last year[18]. - The weighted average return on equity was 27.52%, an increase of 25.39% from 2.13% in the previous year[18]. Business Operations - The architectural decoration facing materials business generated an operating revenue of 355.58 million yuan, down 26.28% year-on-year, but net profit increased by 3.64% to 34.53 million yuan[33]. - The company maintained a stable operating performance in the architectural decoration facing materials business, which has not reported a loss since its listing[30]. - The company focused on market expansion and optimized product structure to enhance the sales proportion of high-margin decorative paper products[34]. - The company initiated a dual-channel marketing strategy to promote products through both online and offline channels[34]. - The company is positioned as a leading player in the decorative paper industry, aiming to strengthen its market position amid industry consolidation[27]. Risk Management - The company has faced significant risks and has outlined measures to address these risks in the report[4]. - The company aims to enhance its risk management capabilities in response to macroeconomic fluctuations and industry policy changes[57]. - The company is facing legal risks due to multiple lawsuits involving its subsidiary, Beijing Dilong Culture, which may implicate the listed company[60]. - The company is cooperating with the China Securities Regulatory Commission's investigation regarding alleged violations of information disclosure, with no clear conclusion reached yet[61]. - The company is actively working to ensure the protection of its legal rights and maintain stable operations amid ongoing legal challenges[60]. Financial Position - The company reported a significant decline in revenue from the gaming sector, which fell by 97.93% to ¥27,703,828.00 from ¥1,337,843,131.31 in the previous year[40]. - Domestic sales accounted for 84.39% of total revenue, amounting to ¥325,969,624.71, a decrease of 81.45% from ¥1,757,210,156.55 in the same period last year[40]. - The gross margin for the building materials sector was 24.94%, a slight increase of 3.93% compared to the previous year[41]. - The company’s cash and cash equivalents decreased by 52.00% to -¥16,185,671.45 from -¥33,718,023.27 in the previous year, reflecting changes in cash flows from operating, investing, and financing activities[37]. - The company has a pending judgment regarding a loan of 10,213.85 million yuan from Industrial and Commercial Bank of China, with additional penalties and interest to be calculated[78]. Shareholder Information - The company held its annual general meeting with a participation rate of 63.79% on June 17, 2020[64]. - No cash dividends or stock bonuses were distributed for the half-year period, and no capital reserve was converted into share capital[65]. - Shareholder Jiang Xiaowen increased her stake in the company by acquiring a total of 5,149,000 shares, representing 0.61% of the total share capital, between June 1 and June 24, 2020[106]. - The total number of shares is 850,870,049, with 306,348,568 shares (36.00%) subject to restrictions and 544,521,481 shares (64.00%) unrestricted[111]. - The largest shareholder, Yu Haifeng, holds 15.33% of the shares, amounting to 130,436,363 shares, which are pledged and frozen[115]. Legal and Compliance Issues - The company has engaged a professional legal team to address the lawsuits and safeguard its interests[60]. - The company has incurred a total of 8,430.95 million yuan in litigation related to financial loan contract disputes, with potential liabilities estimated based on accounting standards[77]. - The company has submitted an arbitration application to the Shanghai International Economic and Trade Arbitration Commission regarding performance compensation claims, which is currently under review[70]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[75]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[92]. Environmental and Social Responsibility - The company has established a dedicated environmental protection department to manage pollution control and safety production[103]. - The company has implemented a wastewater treatment facility that meets discharge standards and has installed online monitoring for emissions[103]. - The company emphasizes green development and has adopted ISO14001 environmental management system to reduce pollution[104]. - The company has not conducted targeted poverty alleviation work in the reporting year and has no subsequent plans for such initiatives[105]. Future Outlook and Guidance - The company has not provided any future outlook or performance guidance in the available documents[114]. - The company has not disclosed any other significant matters that require reporting[113]. - The company has not reported any significant matters related to its subsidiaries[107].