Core Viewpoint - Tian Di Online (002995) reported a significant decline in net profit and revenue for the first half of 2025, indicating challenges in its business model and financial performance [1]. Financial Performance - The total revenue for the first half of 2025 was 654 million yuan, a decrease of 9.86% compared to 725 million yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was -33.44 million yuan, reflecting a 49.41% decline year-on-year from -22.38 million yuan [1]. - The gross margin was 4.93%, down 21.97% from 6.31% in the previous year [1]. - The net margin was -4.68%, a decrease of 52.69% from -3.07% [1]. - Total expenses (selling, administrative, and financial) amounted to 50.80 million yuan, representing 7.77% of revenue, an increase of 32.37% year-on-year [1]. Cash Flow and Assets - The company reported cash and cash equivalents of 286 million yuan, a slight increase of 2.28% from 280 million yuan [1]. - Accounts receivable decreased by 19.96% to 125 million yuan from 156 million yuan [1]. - The company’s interest-bearing debt rose by 27.65% to 3.51 million yuan from 2.75 million yuan [1]. - Operating cash flow per share was 0.01 yuan, a significant increase of 102.84% from -0.48 yuan [1]. Business Model and Market Position - The company provides digital marketing services and integrated smart services, focusing on customer needs and offering comprehensive digital marketing solutions [3]. - Historical data indicates a median Return on Invested Capital (ROIC) of 24.31%, but the worst year recorded a ROIC of -7.18%, suggesting a fragile business model [3]. - The company has experienced two years of losses since its listing, indicating potential vulnerabilities in its business operations [3].

Core Viewpoint - The company is planning to acquire 100% equity of Shanghai Jiato Internet Technology Group Co., Ltd. through a combination of issuing shares and cash payment, which will make Jiato Group a wholly-owned subsidiary of the company. The transaction is subject to uncertainties, leading to a temporary suspension of the company's stock trading starting October 30, 2024 [6][9]. Company Overview - The company has not changed its controlling shareholder or actual controller during the reporting period [5]. - The company does not plan to distribute cash dividends or issue bonus shares [3]. Financial Data and Indicators - The company raised a total of RMB 547.19 million from its initial public offering, with a net amount of RMB 480.95 million after deducting issuance costs [24]. - As of June 30, 2025, the company has used RMB 362.88 million of the raised funds, leaving a balance of RMB 11.81 million, which accounts for 24.55% of the total raised funds [44]. Important Events - The company signed a share transfer agreement on May 12, 2025, to transfer 12,368,583 shares, representing 6.97% of the total share capital, to Hainan Lingfa Investment Co., Ltd. for RMB 199,999,987.11 [9]. - The company is in the process of responding to inquiries from the Shenzhen Stock Exchange regarding its application for the acquisition and fundraising [8][9]. Fund Management - The company has established a management system for raised funds, ensuring that funds are stored in dedicated accounts and used for specified projects [26]. - As of June 30, 2025, the company has a balance of RMB 13.50 million in its special account for raised funds, which includes interest income [28]. Use of Raised Funds - The company has used RMB 861.95 million in the current year for projects funded by the raised capital [25]. - The company has made adjustments to the implementation subjects and locations of certain fundraising projects, extending the deadlines for project completion [30][34].

Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the management of the raised funds by Beijing Quanshi Tiandi Online Network Information Co., Ltd. for the first half of 2025, highlighting the total amount raised, its usage, and the management protocols in place to ensure compliance with regulatory requirements. Fundraising Overview - The company raised a total of RMB 547.19 million through the issuance of 16.17 million shares at RMB 33.84 per share, with a net amount of RMB 480.95 million after deducting issuance costs [1][2]. - The funds were received on July 28, 2020, and have been audited by Tianzhi International Accounting Firm [2]. Fund Usage and Balance - As of June 30, 2025, the company has utilized RMB 362.88 million of the raised funds, with RMB 861.95 million used in the current year and RMB 354.26 million from previous years [3]. - The remaining balance in the special account for the raised funds is RMB 4.97 million, with RMB 90 million invested in short-term deposits and RMB 40 million in principal-protected financial products [3][6]. Fund Management Protocols - The company has established a fundraising management system in compliance with relevant laws and regulations, ensuring that funds are stored in dedicated accounts and used strictly for designated projects [4]. - A tripartite supervision agreement has been signed with banks and the sponsor to ensure strict approval procedures for fund usage [5]. Project Implementation and Changes - The company has made changes to the implementation subjects of certain fundraising projects, allowing subsidiaries to take over specific projects and providing them with loans for execution [7][8]. - The company has also extended the deadlines for project completion due to various factors, including construction progress and external conditions [9][11]. Idle Fund Management - The company has temporarily used idle funds to supplement working capital, with a total of RMB 200 million utilized across several instances, all of which have been returned to the dedicated accounts before the deadlines [15][16][17]. - As of June 30, 2025, the balance of idle funds used for cash management is RMB 130 million [20]. Remaining Funds and Future Plans - As of June 30, 2025, the company has RMB 118.07 million of the raised funds remaining, accounting for 24.55% of the total raised amount, primarily due to the long cycle of certain investment projects [22]. - The company plans to ensure the reasonable use of the remaining funds in accordance with the investment commitments made during the fundraising process [22]. Compliance and Reporting - The company asserts that it has complied with all regulatory requirements regarding the management and usage of raised funds, with no violations reported [24]. - The board of directors has approved the semi-annual report and the special report on the storage and usage of raised funds, confirming the accuracy and completeness of the disclosures [36][41].

Group 1 - The stock price of Tiandi Online closed at 19.57 yuan on August 27, 2025, down 3.69% from the previous trading day [1] - The trading volume for the day was 82,700 hands, with a transaction amount of 166 million yuan, and a fluctuation of 4.82% [1] - Tiandi Online's main business includes digital marketing, enterprise SaaS services, and virtual content commercialization, covering sectors such as cultural media and financial digitalization [1] Group 2 - The company's latest semi-annual report for 2025 shows that it achieved an operating income of 654 million yuan in the first half of the year, a year-on-year decrease of 9.86% [1] - The net profit attributable to shareholders of the listed company was a loss of 33.44 million yuan, with the loss margin widening year-on-year [1] - In terms of capital flow, on August 27, Tiandi Online experienced a net outflow of main funds amounting to 16.01 million yuan, with a cumulative net outflow of 26.25 million yuan over the past five days [1]

Group 1 - The core viewpoint of the article is that Tiandi Online (002995.SZ) reported a decline in revenue and a net loss for the first half of 2025 [1] - The company achieved an operating income of 654 million yuan, representing a year-on-year decrease of 9.86% [1] - The net loss attributable to shareholders of the listed company was 33.44 million yuan, with a net loss of 34.15 million yuan after deducting non-recurring gains and losses [1] - The basic loss per share was 0.1884 yuan [1]

Group 1 - The company, Tiandi Online (002995.SZ), reported a revenue of 654 million yuan for the first half of 2025, representing a year-on-year decline of 9.86% [1] - The net profit attributable to shareholders of the listed company was -33.44 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -34.15 million yuan [1] - The basic earnings per share were -0.1884 yuan [1]

北京全时天地在线网络信息股份有限公司 2025 年半年度财务报告 北京全时天地在线网络信息股份有限公司 2025 年半年度财务报告 （未经审计） 2025 年 8 月 1 北京全时天地在线网络信息股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：北京全时天地在线网络信息股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 286,305,919.08 | 252,976,802.02 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | 40,000,000.00 | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 124,945,652.23 | 170,450,036.30 | | 应收款项融资 | | | | 预付款项 | 297,928,240.97 | 282,577,58 ...

会议审议并通过了以下议案： 北京全时天地在线网络信息股份有限公司 第四届董事会第三次独立董事专门会议决议 北京全时天地在线网络信息股份有限公司（简称"公司"或"天地在线"）于 2025 年 8 月 15 日以电子邮件、电话及专人送达方式向全体独立董事发出召开第 四届董事会第三次独立董事专门会议的通知。2025 年 8 月 26 日以现场结合通讯 表决的方式召开了第四届董事会第三次独立董事专门会议。本次会议应参会独立 董事 2 人，实际参会独立董事 2 人，公司董事会秘书李旭列席了会议，会议推举 独立董事穆林娟女士主持。会议的出席人数、召集召开程序、议事内容等符合有 关法律、法规和《公司章程》的规定。 1、审议通过《关于 2025 年半年度募集资金存放与使用情况的专项报告的 议案》 经审议，全体独立董事认为：公司编制的《2025 年半年度募集资金存放与 使用情况的专项报告》，符合《深圳证券交易所上市公司自律监管指引第 1 号—— 主板上市公司规范运作》《上市公司募集资金监管规则》等法律法规的规定。 表决情况：同意 2 票；反对 0 票；弃权 0 票 独立董事：穆林娟、岳利强 2025 年 8 月 27 日 ...

证券代码：002995 证券简称：天地在线 公告编号：2025-051 北京全时天地在线网络信息股份有限公司 关于第四届董事会第五次会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 北京全时天地在线网络信息股份有限公司（简称"公司"或"天地在线"）于 2025 年 8 月 15 日以电子邮件、电话及专人送达方式向全体董事发出召开第四届 董事会第五次会议的通知。2025 年 8 月 26 日在公司会议室以现场结合通讯表决 的方式召开了第四届董事会第五次会议。本次会议应参会董事 5 人，实际参会董 事 5 人（其中董事陈洪霞、独立董事穆林娟电话参会），公司全体监事、高级管 理人员列席了本次会议。会议由董事长信意安先生召集并主持。会议符合《公司 法》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定，会 议召开合法、有效。 二、董事会会议审议情况 1、审议通过《关于 2025 年半年度报告全文及摘要的议案》 经审议，董事会认为，公司《2025 年半年度报告全文》及《2025 年半年度 报告摘要》符合各项法律、法规相 ...

Group 1 - The company reported a revenue of 654 million yuan for the first half of 2025, representing a year-on-year decline of 9.86% [1] - The net loss attributable to shareholders of the listed company was 33.44 million yuan, compared to a net loss of 22.38 million yuan in the same period last year [1]