1 / 3 广州卡奴迪路服饰股份有限公司 投资者关系活动记录表 广州卡奴迪路服饰股份有限公司 投资者关系活动记录表 编号：2016-003 | --- | --- | --- | --- | --- | --- | |----------------------------|------------------------------------------------------------------|----------------------------------------|------------------------------------|-------|----------------------| | 投 资 者 关 系 活 \n动类别 | ■ 特定对象调研 \n□ 媒体采访 \n□ 新闻发布会 \n□ 现场参观 \n□ 其他 | □ \n □ \n □ | 分析师会议 \n业绩说明会 \n路演活动 | | | | 参 与 单 位 名 称 | 银河证券 陈腾曦 | | | | | | 及人员姓名 | 国泰君安证券 林浩然 | | | | | | | 鹏华基金 叶志辉 | | | | | ...

广州卡奴迪路服饰股份有限公司 投资者关系活动记录表 1 / 3 广州卡奴迪路服饰股份有限公司 投资者关系活动记录表 编号：2016-006 | --- | --- | --- | --- | --- | --- | |----------------------------|------------------------------------------------------------------|----------------------------------------------------------|------------------------------------|--------|------------------------| | 投 资 者 关 系 活 \n动类别 | 特定对象调研 \n■ □ 媒体采访 \n□ 新闻发布会 \n□ 现场参观 \n□ 其他 | □ □ \n □ | 分析师会议 \n业绩说明会 \n路演活动 | | | | 参 与 单 位 名 称 | 国信证券 郭陈杰 | | | | | | 及人员姓名 | | | | | | | 时间 | 2016 年 3 ...

摩登大道时尚集团股份有限公司 投资者关系活动记录表 摩登大道时尚集团股份有限公司 投资者关系活动记录表 编号：2017-002 | --- | --- | --- | |-----------------------|------------------------------|--------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 | | | 参与单位名称及 | 兴证证券 卓佳亮 | | | 人员姓名 | 高晟财富 李楠 | | | | 西藏泓涵 常宇 | | | | 力鼎资本 彭泉 | | | | 千竹资管 钟锦松 | | | | 瑞华控股 郭书捷 | | | | 安信基金 姜英爱、谢珏娜 | | | 时间 | 2017 年 5 月 10 日 | | | 地点 | 会议室 | | | 上市公司接待人 员姓名 | 董事会秘书 林峰国先生 | | 1 / 7 M&DERN 摩登大道时尚集团股份 ...

摩登大道时尚集团股份有限公司 投资者关系活动记录表 摩登大道时尚集团股份有限公司 投资者关系活动记录表 编号：2018-001 | --- | --- | --- | |-----------------------------|------------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 | | | 参与单位名称及 | 国信证券 张衡 | | | 人员姓名 | | | | 时间 | 2018 年 1 月 19 日 | | | 地点 | 会议室 | | | 上市公司接待人 员姓名 | 董事会秘书 李斐先生 | | | 投资者关系活动 主要内容介绍 | 用？ | 1、摩登大道新迁入的新总部大厦未来是如何规划使 | | | | 李斐：公司新总部大厦位于广州市科学城，以永久性设 | | | ...

摩登大道时尚集团股份有限公司 投资者关系活动记录表 摩登大道时尚集团股份有限公司 投资者关系活动记录表 编号：2018-002 | --- | --- | |----------------|------------------------------| | | | | 投资者关系活动 | ■ 特定对象调研□分析师会议 | | 类别 | □ 媒体采访□业绩说明会 | | | □ 新闻发布会□路演活动 | | | □现场参观 | | | □ 其他 | | 参与单位名称及 | 天风证券郭彬 | | 人员姓名 | 中信建投史琨 | | | 西部证券姚咏絮 | | | 上海潼骁投资陈开伟 | | | 上海百兑周国庆 | | | 中融基金郭旭 | | 时间 | 2018 年 9 月 16 日 | | 地点 | 会议室 | | 上市公司接待人 | 董事长林永飞先生 | | 员姓名 | 总经理翁武强先生 | | | 董事会秘书李斐先生 | 1 / 12 M&DERN 摩登大道时尚集团股份有限公司 投资者关系活动记录表 | --- | --- | |----------------|--------------------- ...

Financial Performance - The company's revenue for Q3 2022 was ¥47,445,013.81, a decrease of 42.58% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥21,639,945.83, representing a decline of 161.76% year-on-year[5]. - The basic earnings per share were -¥0.0304, down 161.79% from ¥0.0492 in the same period last year[7]. - The company's operating revenue decreased by 38.64% year-on-year to ¥169,695,009.07, while operating costs fell by 52.12% to ¥56,629,261.20, primarily due to macroeconomic downturns and ongoing pandemic impacts[21]. - Total operating revenue decreased to ¥169.70 million from ¥276.57 million, a decline of approximately 38.7% year-over-year[69]. - Operating profit recorded a loss of ¥61.27 million compared to a loss of ¥27.63 million in the previous period[70]. - Net profit increased to ¥44.99 million from ¥14.61 million, representing a growth of approximately 207.5% year-over-year[70]. - Basic and diluted earnings per share improved to ¥0.0632 from ¥0.0205, an increase of approximately 208.8%[71]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥14,891,782.54, a decrease of 85.32% compared to the previous year[7]. - The net cash flow from operating activities decreased by 85.32% to ¥14,891,782.54, as the previous year included a significant transfer of funds from long-term deposits[30]. - The net cash flow from financing activities decreased by 31.92% to -¥10,709,910.22, primarily due to the absence of cash received from loans this year[31]. - The net cash flow from operating activities for Q3 2022 was ¥14,891,782.54, a decrease of 85.3% compared to ¥101,445,167.74 in the previous period[74]. - Total cash outflow from operating activities amounted to ¥258,975,977.92, down 27.8% from ¥358,956,126.03 in the prior period[74]. - The cash flow from financing activities showed a net outflow of -¥10,709,910.22, compared to -¥15,730,934.85 in the previous period, indicating a reduced cash burn[74]. - Cash and cash equivalents at the end of the period totaled ¥107,833,400.41, a decrease of 51.8% from ¥223,995,901.15 at the end of the previous period[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,054,310,799.70, down 5.05% from the end of the previous year[7]. - The company's total liabilities as of September 30, 2022, were RMB 251,260,445.23, down from RMB 359,917,029.96 at the start of the year, indicating a reduction of approximately 30.2%[65]. - The company's cash and cash equivalents decreased by 59.50% to ¥130,459,028.28 due to investment activities during the reporting period[11]. - The company's total equity attributable to shareholders increased by 7.01% to ¥802,087,788.09 compared to the end of the previous year[7]. - The company reported a total equity of RMB 803,050,354.47 as of September 30, 2022, an increase from RMB 750,503,847.25 at the beginning of the year[67]. Investments and Expenses - The company's construction in progress increased by 106.30% to ¥7,861,273.72, primarily due to increased store renovations[14]. - The company's long-term deferred expenses rose by 73.40% to ¥9,620,579.63, attributed to new store renovations still being amortized[15]. - The company invested RMB 24,900 million in establishing the Foshan Taiyuan No. 1 Equity Investment Partnership, with a total fund size of RMB 25,000 million[59]. - The company increased its investment in Nanjing Jiayuan New Energy Co., Ltd. by RMB 24,000 million, acquiring a 16.70% stake in the company[59]. - Research and development expenses decreased to ¥4.45 million from ¥6.23 million, a decline of approximately 28.5% year-over-year[69]. - Sales expenses decreased to ¥103.90 million from ¥136.57 million, a decline of approximately 23.9% year-over-year[69]. Legal and Regulatory Issues - The company is actively communicating with the buyer regarding the outstanding debt of ¥3,000,000 related to the sale of a subsidiary's equity[35]. - On July 14, 2022, the controlling shareholder, Ruifeng Group, was applied for bankruptcy liquidation by Guangzhou Bank due to its inability to repay due debts and evident lack of repayment capability[46]. - The company was ordered to bear joint liability for 50% of the debts related to a loan agreement amounting to RMB 122.5 million, as ruled by the Guangzhou Intermediate People's Court[40]. - The company successfully appealed a ruling that required it to compensate for debts related to a loan agreement, resulting in a favorable judgment from the Guangdong High Court[40]. - The company is involved in ongoing litigation regarding the improper guarantee of loans amounting to RMB 100.64 million, with a second-instance ruling ordering the return of RMB 70.45 million[39]. - The company has faced legal challenges regarding the improper use of its name for guarantees without authorization, leading to significant financial implications[38]. - The company has been actively involved in legal proceedings to recover funds and address liabilities arising from the actions of its controlling shareholder[39]. - The company disclosed significant updates on major litigation cases, indicating ongoing legal risks and potential financial impacts[39]. - The company received a bankruptcy liquidation application for its controlling shareholder, Ruifeng Group, which is currently under court management[47]. - The company is actively filing claims related to the controlling shareholder's fund occupation and guarantee violations to protect investor interests[47]. Shareholder Information - As of September 30, 2022, the controlling shareholder's non-operating fund occupation amounted to RMB 241.93 million, accounting for 32.24% of the latest audited net assets[45]. - As of the report date, the controlling shareholder and its concerted actions hold a total of 130,303,964 shares, accounting for 18.29% of the company's total share capital[56]. - Ruifeng Group's passive reduction plan involved a total of 490,819 shares, representing 0.0689% of the company's total share capital, which was completed by April 20, 2022[48]. - From July 19 to August 8, 2022, Ruifeng Group passively reduced its holdings by 7,125,100 shares, accounting for 1.00% of the total share capital[50]. - The controlling shareholder and its concerted actions have committed to voluntarily lock up their shares until May 24, 2025, to ensure sustainable development[57]. - The company maintains operational independence from its controlling shareholder, ensuring that the bankruptcy proceedings will not significantly impact daily operations[47].

Financial Performance - The company's revenue for the first half of 2022 was ¥122,249,995.26, a decrease of 36.96% compared to ¥193,934,024.83 in the same period last year[26]. - The net profit attributable to shareholders was ¥66,655,827.97, representing a significant increase of 426.36% from a loss of ¥20,424,060.50 in the previous year[26]. - Basic earnings per share increased to ¥0.0935 from a loss of ¥0.0287, marking a growth of 425.78%[26]. - The company's revenue for the reporting period was ¥122,249,995.26, a decrease of 36.96% compared to ¥193,934,024.83 in the same period last year, primarily due to post-pandemic impacts and a decline in consumer spending[47]. - The cost of goods sold decreased by 46.61% to ¥40,400,081.55, reflecting a larger decline in costs compared to revenue[47]. - The company's net loss for the first half of 2022 was CNY 8,262,701.72, compared to a net loss of CNY 11,949,067.43 in the first half of 2021[188]. - The total comprehensive income for the first half of 2022 was CNY 68,380,556.89, compared to CNY 14,783,021.27 in the first half of 2021[191]. Cash Flow and Investments - The net cash flow from operating activities was ¥721,750.06, down 99.28% from ¥100,041,105.14 in the same period last year[26]. - The company reported a net cash flow from investment activities of -¥6,944,622.77, an improvement of 97.10% compared to -¥239,185,933.02 in the previous year[47]. - The cash flow from operating activities was CNY 134,598,140.02, down from CNY 240,041,296.10 in the first half of 2021[195]. - The net cash flow from operating activities for the first half of 2022 was 721,750.06 CNY, a significant decrease from 100,041,105.14 CNY in the same period of 2021[196]. - The company reported a net cash outflow from investing activities of 6,944,622.77 CNY, compared to a much larger outflow of 239,185,933.02 CNY in the previous year[196]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,058,942,732.18, a decrease of 4.64% from ¥1,110,420,877.21 at the end of the previous year[26]. - The company's cash and cash equivalents at the end of the reporting period were 309,377,951.80, making up 29.22% of total assets, a slight increase from 29.01% at the end of the previous year[69]. - Accounts receivable decreased to 71,336,841.32, representing 6.74% of total assets, down from 7.70% due to collection efforts during the reporting period[69]. - The total amount of non-operating funds occupied by the controlling shareholder is 24,193.38 million, accounting for 32.24% of the most recent audited net assets[105]. - The company’s total liabilities included accounts payable of CNY 30,956,868.03, down from CNY 36,886,920.66, a decrease of approximately 16.5%[182]. Business Operations and Strategy - The company operates its own brand CANUDILO, focusing on high-end men's fashion, integrating Chinese cultural elements into its designs[34][35]. - The company has enhanced its online presence by adding a Douyin store to adapt to changing consumer habits due to the pandemic[43]. - The company emphasizes a multi-channel operational strategy, combining online and offline sales to reach a broader consumer base[42]. - The company has established multiple stores in Macau for international brand agency business, including a 1,500 square meter store featuring brands like SAINT LAURENT and BALENCIAGA[36]. - The company has increased its online sales channels, including new stores on platforms like Douyin, to combat intensified competition in the retail industry[85]. Legal and Regulatory Issues - The company was fined ¥400,000 by the China Securities Regulatory Commission for information disclosure violations[9]. - The company has been under risk warning since January 13, 2020, due to violations related to guarantees provided by its controlling shareholder[8]. - The company is involved in multiple litigation cases, with a total amount of approximately 2,065.94 million yuan related to a product purchase and sale contract dispute[114]. - The company is actively monitoring the progress of these cases and will provide updates as necessary[115]. - The company received a warning and a fine of ¥400,000 (0.4 million) from the China Securities Regulatory Commission for information disclosure violations[118]. Shareholder and Equity Information - The employee stock ownership plan includes 19 employees holding a total of 238,944 shares, representing 0.03% of the company's total equity[93]. - The company’s major shareholder, Ruifeng Group, has passively reduced its shareholding by approximately 14,219,373 shares, accounting for about 1.9956% of the total share capital[119]. - The company disclosed that the major shareholder may further reduce its holdings, involving up to 338,000,000 shares, which represents 4.74% of the total share capital[120]. - The largest shareholder, Guangzhou Puhui Source Trading Co., Ltd., holds 8.90% of the shares, totaling 63,409,343 shares[168]. - Guangzhou Ruifeng Group Co., Ltd. holds 4.52% of the shares, totaling 32,178,914 shares, which are currently frozen[168].

摩登大道时尚集团股份有限公司 2022 年第一季度报告 1 摩登大道时尚集团股份有限公司 2022 年第一季度报告 证券代码：002656 证券简称：ST 摩登 公告编号：2022-041 摩登大道时尚集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.公司 2021 年度财务报表被中审众环会计师事务所（特殊普通合伙）出具保留意见审计报告，截至本报 告期末，相关保留意见事项尚未消除，请投资者注意风险。 除上述事项外，董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | - ...

Financial Performance - The company reported a significant decline in revenue, with total revenue for 2021 amounting to RMB 1.2 billion, a decrease of 15% compared to the previous year[23]. - The net loss for the year was RMB 200 million, representing a loss margin of approximately 16.67%[23]. - The company's operating revenue for 2021 was ¥385,225,444.30, a decrease of 24.75% compared to ¥511,949,377.31 in 2020[28]. - The net profit attributable to shareholders was -¥20,706,277.58 in 2021, representing a decline of 382.97% from a profit of ¥7,317,530.32 in 2020[28]. - The basic earnings per share for 2021 was -¥0.0291, down 382.52% from ¥0.0103 in 2020[28]. - The company reported a significant increase in the net profit excluding non-recurring items, which improved by 55.46% to -¥106,207,171.83 in 2021 from -¥238,443,767.09 in 2020[28]. - The company reported a significant increase in non-operating income, with an amount of ¥89.90 million, representing a 214.61% increase compared to the previous year[110]. - The company’s total revenue for 2021 was 3.61 billion yuan, with a net profit of -2.77 million yuan, indicating a significant decline in profitability compared to previous years[127]. User Engagement and Market Strategy - User data indicated a drop in active users to 1.5 million, down 20% year-over-year, reflecting challenges in customer retention[23]. - The company plans to enhance its product offerings, focusing on the launch of three new fashion lines in 2022, aiming for a 10% increase in market share[23]. - Future guidance suggests a revenue target of RMB 1.5 billion for 2022, representing a growth of 25% from 2021[23]. - The company is actively pursuing market expansion strategies, including entering two new regional markets in Southeast Asia by the end of 2022[23]. - The company has expanded its online presence by launching a flagship store on JD.com, in addition to existing sales on VIP.com and Tmall, adapting to changing consumer habits[55]. - The company aims to enhance its product innovation and brand recognition through continuous research and development efforts[57]. Operational Challenges - The company faced operational challenges due to the pandemic, including warehouse closures that impacted online sales and overall business performance[60]. - The company reported a significant inventory backlog due to unsatisfactory sales performance in the second half of 2021, leading to asset impairment provisions[70]. - The company has faced challenges with its subsidiary, Wuhan Yueran Xindong Network Technology Co., Ltd., which has seen significant operational decline and is undergoing management changes[48]. Investment and Financial Management - Research and development investments increased by 30% in 2021, totaling RMB 50 million, to support innovation in product design and technology[23]. - The company has decided not to distribute cash dividends for the year, opting to reinvest profits into business development[14]. - The total cash outflow from investment activities surged by 258.66% to ¥246.31 million in 2021, compared to ¥68.67 million in 2020[108]. - The company invested ¥240 million in Nanjing Jiayuan New Energy Co., acquiring a 16.7% stake, but faced challenges in obtaining financial disclosures from the investee[76]. Corporate Governance and Management - The company has established a governance structure including a board of directors and four specialized committees to ensure effective operation[191]. - The company emphasizes employee rights and has implemented a fair compensation and performance evaluation system[192]. - The company has committed to fulfilling various promises related to operational qualifications and compliance with regulations[196]. - The company has established independent financial operations, with a dedicated finance department and compliance with accounting standards for listed companies[151]. - The company has implemented various marketing strategies to enhance brand exposure and customer engagement, including targeted consumer analysis and VIP management strategies[104]. Subsidiary Performance - The subsidiary Guangzhou Lion Dan Trading Co., Ltd. reported a net profit of CNY 5,823,398.84, contributing over 10% to the company's net profit[126]. - The subsidiary Carducci Fashion Holdings (Hong Kong) Limited recorded a net loss of CNY 37,373,704.88, indicating challenges in the retail sector[126]. - The subsidiary Wuhan Yueran Network Technology Co., Ltd. saw a revenue drop of 94.16% to 7.52 million yuan, with a net loss of 8.14 million yuan, although this was an improvement of 46.45% from the previous year[134]. Employee Management and Training - The total number of employees at the end of the reporting period was 489, with 49 in the parent company and 440 in major subsidiaries[173]. - The training program for 2021 included seven sessions for new employees, covering company culture and operational knowledge, with a total of 84 participants[176]. - The company conducted two large-scale training sessions in 2021, covering approximately 240 employees, aimed at enhancing product knowledge and sales skills[177]. Future Outlook - The company plans to continue focusing on the CANUDILO brand as its core business engine for strategic upgrades and comprehensive development in 2022[136]. - The company aims to leverage international brand management resources and operational advantages for future growth[136]. - The company will focus on the post-pandemic lifestyle of elite men, enhancing product competitiveness through data collection and analysis for inventory management and marketing strategies[137].

Financial Performance - The company's revenue for Q3 2021 was ¥82,634,123.13, representing a 15.19% increase compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥35,040,531.97, a significant increase of 223.80% year-over-year[4]. - Basic earnings per share for Q3 2021 were ¥0.0492, up 223.93% from the same period last year[4]. - The net profit from continuing operations for Q3 2021 was ¥14,610,476.38, compared to ¥7,110,089.61 in the same period last year, representing a 106.4% increase[53]. - The total comprehensive income for the period was ¥42,727,818.09, compared to a loss of ¥16,796,441.59 in the same quarter last year[53]. - Basic and diluted earnings per share increased to ¥0.0205 from ¥0.0100, reflecting a 105% growth[53]. Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥81,449,697.89, showing a 124.58% increase compared to the previous year[4]. - The company reported a net cash flow from operating activities of ¥81,449,697.89, a turnaround from a negative cash flow of ¥-331,330,058.53 in the previous year[54]. - Net cash flow from investing activities decreased by 134.89% year-on-year, primarily due to the previous year's sale of the headquarters building[24]. - Investment activities resulted in a net cash outflow of ¥241,181,313.38, a significant decrease from a net inflow of ¥691,257,995.06 in the previous year[56]. - Net cash flow from financing activities increased by 101.73% year-on-year, mainly due to the repayment of bank loans for the construction of the headquarters building in the previous year[25]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,192,437,242.87, a slight decrease of 0.58% from the end of the previous year[4]. - Total assets as of September 30, 2021, were CNY 1,192,437,242.87, slightly down from CNY 1,199,407,622.00 at the end of 2020[49]. - Total liabilities decreased to CNY 429,689,934.66 from CNY 439,879,661.41, a reduction of 2.7%[50]. - The total liabilities increased to ¥519,914,048.07, marking an increase of ¥80,034,386.66[60]. - Non-current liabilities rose to ¥239,978,514.98, with an increase of ¥80,034,386.66 attributed to lease liabilities[60]. Operating Costs and Expenses - Operating costs for the year-to-date period decreased by 42.81% to ¥118,279,332.59, primarily due to business stagnation in subsidiaries[10][11]. - Total operating costs decreased to ¥306,361,141.88 from ¥431,695,230.34, a reduction of approximately 29%[52]. - R&D expenses for the year-to-date period decreased by 66.51% to ¥6,230,157.84, attributed to the same business stagnation[10][13]. - Research and development expenses significantly decreased to ¥6,230,157.84 from ¥18,604,197.33, a decline of about 66.5%[52]. - Operating expenses decreased by 48.71% year-on-year, mainly due to the absence of penalties from early loan repayments in the previous year[20]. Other Income and Expenses - Other income for the year-to-date period surged by 5573.55% to ¥62,739,705.01, reflecting significant gains from litigation settlements[10]. - Financial expenses increased by 212.15% to ¥2,695,344.83, mainly due to the implementation of new leasing standards[10][14]. - Income tax expenses increased by 370.36% year-on-year, primarily due to the payment of prior years' corporate income tax[21]. - The company incurred financial expenses of ¥2,695,344.83, compared to a financial income of ¥-2,403,378.52 in the same period last year[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,115[26]. - The controlling shareholder has occupied non-operating funds of RMB 249.13 million, accounting for 31.85% of the latest audited net assets as of September 30, 2021[41]. - The company disclosed a potential passive reduction of 490,833 shares by the controlling shareholder, accounting for 0.0689% of the total share capital[42]. Subsidiary Operations - The company sold 51% of its subsidiary Hangzhou Lianka Hengfu Brand Management Co., Ltd. to Meng Jianping, resulting in a financial assistance of RMB 63 million, with a total repayment of RMB 27 million received by September 30, 2021[32]. - The company transferred 100% of the subsidiary Junyou Group and 55% of Guangzhou Yiyun to Cheng Ailin, with total debts of RMB 7 million and RMB 11.2 million respectively[33]. - As of July 30, 2021, the debtors Guangzhou Yiyun and Junyou Group have repaid all financial assistance amounts[34]. - The subsidiary Wuhan Yueran Xindong Network Technology Co., Ltd. has seen its related business stagnate since late April 2021, leading to a decision to downsize office space to reduce operational costs[43]. Adjustments and Standards - The company implemented a new leasing standard starting from January 1, 2021, resulting in a reduction of retained earnings by ¥13,306,957.32[62]. - As of January 1, 2021, total assets increased to ¥1,266,135,051.34, reflecting an adjustment of ¥66,727,429.34 due to the new leasing standard[61]. - The company reported no adjustments in current liabilities, which totaled ¥279,935,533.09[60]. - The third quarter report for 2021 was not audited[63]. - The company did not adjust comparative information for prior periods due to the new leasing standard[62].