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。 恒信东方文化股份有限公司 2017 年第三季度报告全文 恒信东方文化股份有限公司 2017 年第三季度报告 2017 年 10 月 1 恒信东方文化股份有限公司 2017 年第三季度报告全文 第一节 重要提示 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管 人员)李玫声明：保证季度报告中财务报表的真实、准确、完整。 2 恒信东方文化股份有限公司 2017 年第三季度报告全文 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 追溯调整或重述原因 同一控制下企业合并 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | --- | --- | --- | | | | | | 末增减 | | | | 调整前 | 调整后 | 调整后 | | 总资产（元） | 2,221,768,284.97 | 1,27 ...

恒信东方文化股份有限公司 2017 年半年度报告全文 恒信东方文化股份有限公司 2017 年半年度报告 2017 年 08 月 恒信东方文化股份有限公司 2017 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、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管 人员)李玫声明：保证本半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。 1 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司 对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的风险 认识，并且应当理解计划、预测与承诺之间的差异。 1、并购和业务整合风险 公司通过收购东方梦幻等公司，资产规模和业务范围均得到扩大，因整合 产生的协同效应将使公司的盈利能力和核心竞争力得到提升。整合完成后公司 与被收购企业需要在业务体系、组织机构、管理制度、技术研发、人力资源、 财务融资、企业文化等众多方面进行整合，能否顺利整合并充分发挥出 ...

恒信东方文化股份有限公司 2017 年半年度报告全文 恒信东方文化股份有限公司 2017 年半年度报告 2017 年 08 月 恒信东方文化股份有限公司 2017 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、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管 人员)李玫声明：保证本半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。 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司 对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的风险 认识，并且应当理解计划、预测与承诺之间的差异。 1、并购和业务整合风险 公司通过收购东方梦幻等公司，资产规模和业务范围均得到扩大，因整合 产生的协同效应将使公司的盈利能力和核心竞争力得到提升。整合完成后公司 与被收购企业需要在业务体系、组织机构、管理制度、技术研发、人力资源、 财务融资、企业文化等众多方面进行整合，能否顺利整合并充分发挥出协同 ...

Financial Performance - Total revenue for Q1 2017 was ¥78,413,934.87, a decrease of 4.57% compared to ¥82,169,433.84 in the same period last year[8] - Net profit attributable to shareholders was -¥7,842,199.24, representing a decline of 63.56% from -¥4,794,592.66 year-on-year[8] - Net cash flow from operating activities was -¥46,806,416.71, down 81.79% from -¥25,747,405.92 in the previous year[8] - The company achieved operating revenue of 78.41 million yuan, a decrease of 4.57% compared to the same period last year[26] - Sales and service revenue from mobile information products declined by 29.29% to 57.33 million yuan[26] - The professional technical service business for cultural, sports, and entertainment sectors saw a significant increase in revenue, up 1834.79% to 21.08 million yuan[26] - The net profit for the current period is -9,451,937.86, compared to -8,626,548.45 in the previous period, indicating a worsening of approximately 9.6%[58] - The net profit attributable to the parent company is -7,842,199.24, compared to -4,794,592.66 in the previous period, reflecting an increase in losses of about 63.5%[58] - Basic and diluted earnings per share for the current period are both -0.0177, compared to -0.0143 in the previous period, indicating a decline in earnings[59] Assets and Liabilities - Total assets increased by 74.45% to ¥2,230,395,939.92 from ¥1,278,503,016.11 at the end of the previous year[8] - Total current liabilities decreased from CNY 119,455,047.81 to CNY 104,354,911.13, a reduction of approximately 12.6%[51] - The company's total liabilities decreased from CNY 120,853,381.06 to CNY 104,518,244.37, a decline of about 13.5%[51] - The company's equity attributable to shareholders increased from CNY 1,134,973,880.92 to CNY 2,104,811,680.05, reflecting an increase of about 85.3%[52] - Cash and cash equivalents increased by 308.91% to approximately 1.20 billion yuan due to the influx of funds from the asset restructuring[24] Business Transformation and Risks - The company is undergoing a business transformation, leading to a decline in sales and services of mobile information products, which poses a risk of continued revenue decrease[10] - The company is facing risks related to industry regulation, technology development, and integration challenges following acquisitions[36][37][35] - Integration risks are present due to acquisitions, which may affect normal business operations during the integration process[12] - The company faces regulatory and policy risks in the cultural, sports, and entertainment technology service industry, which could impact its competitive advantage[13] - The company is implementing a scientific R&D management model to mitigate technology development risks and ensure alignment with market demands[14] Shareholder Information - The major shareholder, Meng Xianmin, holds 32.72% of the shares, totaling 145,272,966 shares, with 108,954,724 shares pledged[17] - The top ten unrestricted shareholders collectively hold 86,000,000 shares, with Meng Xianmin alone holding 36,318,242 shares[18] - The company has a total of 201,892,564 restricted shares, with no changes during the reporting period[21] - The company has a limit on the release of restricted shares, with 25% being released annually for certain executives[20] - The company has no plans for financing or margin trading activities among its major shareholders[18] - The report indicates that there are no related party transactions among the top shareholders[18] - The total number of shares held by the top ten shareholders is 201,892,564, indicating a concentrated ownership structure[21] Cash Flow and Investments - Operating cash inflow totaled ¥139,979,234.96, down 45% from ¥254,810,469.77 in the previous period[66] - Operating cash outflow amounted to ¥186,785,651.67, a decrease of 33.5% compared to ¥280,557,875.69 last period[66] - Cash inflow from investment activities was ¥32,126,075.78, down 16.5% from ¥38,520,303.07 last period[67] - Net cash flow from investment activities was -¥6,560,457.53, an improvement from -¥63,825,896.66 in the previous period[67] - Cash inflow from financing activities reached ¥1,006,619,998.37, significantly up from ¥197,000,000.00 last period[67] - The net increase in cash and cash equivalents was ¥902,817,161.05, compared to an increase of ¥56,737,614.09 last period[67] - The ending balance of cash and cash equivalents was ¥1,195,075,278.49, up from ¥533,156,196.08 in the previous period[67] Development and Projects - The company has completed fundraising for major asset restructuring and is investing in projects such as the Eastern Dream Holographic Animation Park and copyright film production[11] - The company is in the process of developing a family-oriented VR interactive entertainment education platform, with initial prototypes completed[29] - The digital imaging social production platform development is on track, focusing on meeting the professional needs of the CG industry[29] - The company has entered into strategic partnerships for brand licensing related to the "Space Academy" project, enhancing its market presence[27] - Development expenses rose by 39.18% to 13.84 million yuan, driven by increased R&D spending on new projects[24] Procurement and Customer Concentration - The total procurement amount from the top five suppliers was ¥21,144,602.15, representing an increase of 8.68% compared to ¥19,455,895.66 in the same period last year[31] - The top five suppliers accounted for 32.69% of the total procurement amount, up from 20.24% in the previous year, indicating a 12.45% increase in concentration[31] - The total sales amount from the top five customers was ¥30,452,273.44, a decrease of 6.24% from ¥32,477,244.18 in the same period last year[32] - The top five customers represented 38.84% of total sales, slightly down from 39.52% year-on-year, reflecting a 0.68% decrease in concentration[32]

恒信移动商务股份有限公司 2016 年年度报告全文 恒信移动商务股份有限公司 2016 年年度报告 2017 年 04 月 1 恒信移动商务股份有限公司 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。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管 人员)陈伟声明：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。 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司 对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的风险 认识，并且应当理解计划、预测与承诺之间的差异。 公司提请投资者特别关注公司以下重大风险： 1、企业管理整合风险 2016 年，公司成功收购东方梦幻，公司的资产规模和业务范围都将随之扩 大，因整合产生的协同效应将使公司的盈利能力和核心竞争力得到提升。重组 完成后双方需要在业务体系、组织机构、营销网络、管理制度、技术研发、人 力资源、财务融资、企业文化等 ...

恒信移动商务股份有限公司 2016 年第三季度报告全文 恒信移动商务股份有限公司 2016 年第三季度报告 2016 年 10 月 1 恒信移动商务股份有限公司 2016 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管 人员)陈伟声明：保证季度报告中财务报告的真实、完整。 2 恒信移动商务股份有限公司 2016 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 914,793,978.09 | | 975,408,054.51 | -6.21% | | 归属于上市公司股东的净资产 ...

恒信移动商务股份有限公司 2016 年半年度报告全文 恒信移动商务股份有限公司 2016 年半年度报告 2016 年 07 月 1 恒信移动商务股份有限公司 2016 年半年度报告全文 第一节 重要提示、释义 本公司董事会、监事会及董事、监事、高级管理人员保证本报告所载资料 不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确 性、完整性承担个别及连带责任。 所有董事均已出席了审议本报告的董事会会议。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管 人员)陈伟声明：保证年度报告中财务报告的真实、准确、完整。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 重要提示、释义 2 | | --- | | 第二节 公司基本情况简介 5 | | 第三节 董事会报告 9 | | 第四节 重要事项 25 | | 第五节 股份变动及股东情况 30 | | 第六节 董事、监事、高级管理人员情况 34 | | 第七节 财务报告 36 | | 第八节 备查文件目录 134 | 恒信移动商务股份有限公司 2016 年半年度报告全文 释义 | 释义项 | 指 | 释义内容 | ...

[Important Notice](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) The company's board, supervisory board, and senior management guarantee the accuracy and completeness of this quarterly report, with all directors attending the review meeting - The company's Board of Directors, Supervisory Board, and all senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with no false records, misleading statements, or major omissions[4](index=4&type=chunk) - All directors attended the Board of Directors meeting that reviewed this quarterly report[5](index=5&type=chunk) - Company head Meng Xianmin, chief accountant Chen Wei, and head of accounting department Chen Wei guarantee the truthfulness and completeness of the financial report in this quarterly report[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides an overview of the company's key financial performance, significant risks, and shareholder structure as of the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%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) In Q1 2016, the company's total operating revenue significantly decreased by 41.38%, yet it achieved a turnaround with net profit attributable to shareholders increasing by 130.47%, and operating cash flow growing over 11 times 2016 Q1 Key Financial Indicators | Indicator | Current Period | Prior Year Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue ($) | 81,079,874.72 | 138,314,449.35 | -41.38% | | Net Profit Attributable to Shareholders ($) | 2,152,307.57 | -7,063,537.25 | 130.47% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses ($) | 2,128,541.74 | -9,985,252.06 | 121.32% | | Net Cash Flow from Operating Activities ($) | 21,897,172.10 | 1,754,035.47 | 1,148.39% | | Basic Earnings Per Share ($/share) | 0.02 | -0.05 | 140.00% | | Weighted Average Return on Net Assets | 0.27% | -0.91% | 129.67% | - During the reporting period, the company's non-recurring gains and losses totaled **$23,765.83**, primarily from government subsidies[9](index=9&type=chunk) [Significant Risk Factors](index=4&type=section&id=%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company faces four main risks: uncertainty regarding the major asset restructuring (acquisition of Oriental Dream), management integration challenges from new investments, potential slowdown in the VR/AR industry, and high reliance on and risk of losing core technical personnel - Major asset restructuring risk: The acquisition of Oriental Dream Culture Industry Investment Co., Ltd. is still subject to approval by the shareholders' meeting and the China Securities Regulatory Commission, posing uncertainties[10](index=10&type=chunk) - Enterprise management integration risk: Multiple investments from 2015 to early 2016 (Anhui Saida, Hengshengtong Pawn, equity participation in US VRC, etc.) place higher demands on the company's management, leading to integration risks[10](index=10&type=chunk) - VR/AR industry development risk: The businesses of Oriental Dream and US VRC, acquired by the company, rely on VR/AR technology development, and a slowdown in technology development would limit their business prospects[11](index=11&type=chunk) - Core technical personnel loss risk: Acquired cultural technology companies are highly dependent on core personnel, and personnel loss could adversely affect the company's long-term development[11](index=11&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period, the company had 16,979 common stock shareholders, with controlling shareholder Meng Xianmin holding 11.66% of shares, most of which are pledged, and several investment funds among the top ten shareholders - As of the end of the reporting period, the total number of common stock shareholders was **16,979**[13](index=13&type=chunk) Top Three Common Stock Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | :--- | | Meng Xianmin | Domestic Natural Person | 11.66% | 10,689,759 | Pledged 28,650,000 | | Sun Jian | Domestic Natural Person | 6.13% | 5,615,360 | - | | Pei Jun | Domestic Natural Person | 2.04% | 1,867,081 | - | - During the reporting period, some restricted shares held by senior executives changed due to executive lock-up regulations, resulting in a net decrease of **96,377 shares**[16](index=16&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes significant changes in the company's financial statements and provides a review of business operations and future outlook [Analysis of Significant Changes in Financial Statement Items](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During this reporting period, the company's financial position changed significantly, with revenue declining due to business adjustments, but net profit turning profitable through increased investment income and cost control, while assets and cash flows also saw notable shifts Balance Sheet Major Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Development Expenditures | -89.72% | Development projects meeting capitalization criteria were transferred to intangible assets upon reaching their intended use | | Intangible Assets | 33.32% | Received completed projects transferred from development expenditures | | Other Non-current Assets | 79.75% | Increased external investments that have not yet met investment recognition criteria | | Advances from Customers | 162.96% | Increased customer prepayments received but goods not yet shipped at period-end | | Employee Compensation Payable | -53.07% | Paid severance compensation recognized at the end of 2015 | Income Statement Major Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | -41.38% | Continued reduction in mobile information product sales; decreased revenue sharing ratio for mobile information video business | | Operating Costs | -60.17% | Decreased in line with the decline in operating revenue | | Investment Income | 100.00% | New investment income from Anhui Saida and wealth management product income | | Non-operating Income | -76.24% | Received a large government subsidy in the prior period, none in the current period | Cash Flow Statement Major Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Tax Refunds Received | 1008.57% | Increased VAT refunds received compared to the prior period | | Cash Paid for Goods and Services | -67.44% | Reduced cash outflows for cost-related items due to decreased operating revenue | | Cash Received from Investment Recovery | 19020.00% | Change in investment entity, parent company recovered original investment payments | | Cash Paid for Investments | 100.00% | New external investment payments made in the current period | [Business Review and Outlook](index=8&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%9A%E5%8A%A1%E5%9B%9E%E9%A1%BE%E5%92%8C%E5%B1%95%E6%9C%9B) The company reduced mobile terminal sales and experienced lower video business revenue, yet achieved net profit growth through investment income and cost control, while advancing key R&D projects and reiterating significant risks - Reasons for revenue decline: The company continued to reduce its mobile terminal product sales scale, and mobile information video business revenue sharing ratio decreased due to partner policy changes[21](index=21&type=chunk) - Reasons for profit growth: Primarily due to the recognition of investment income from Anhui Saida Technology Co., Ltd. using the equity method, along with strict cost control, leading to a year-over-year decrease in selling expenses[21](index=21&type=chunk) - The company is advancing several important R&D projects, including: "Honeycomb" Project V3.2, "Big Eye" Commercial Chain Management Suite, "Hengxin Wealth Platform," and Phase II of the Online Training System[22](index=22&type=chunk) - The company reiterated the significant risks it faces, including uncertainties in major asset restructuring, enterprise management integration, slowdown in VR/AR industry development, and the risk of losing core technical personnel[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) [Significant Matters](index=11&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details the fulfillment of commitments, the use of raised funds, progress on major asset restructuring, and the execution of the cash dividend policy [Commitments and Their Fulfillment](index=11&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E3%80%81%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%88%96%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%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%E5%B0%9A%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 controlling shareholder and senior management's non-reduction commitment from July 2015 has been fulfilled, while the actual controller's long-term commitments are ongoing, and his share increase plan remains unfulfilled - Actual controller Mr. Meng Xianmin's multiple long-term commitments (such as compensating for housing provident fund, bearing losses from unregistered property leases, and avoiding horizontal competition) are currently being fulfilled[29](index=29&type=chunk) - The commitment by the controlling shareholder and directors, supervisors, and senior management not to reduce their holdings in the company's shares within six months from July 8, 2015, has been fulfilled[30](index=30&type=chunk) - Actual controller Mr. Meng Xianmin's plan to opportunistically increase his holdings by no more than 1% of the company's total share capital, committed on July 8, 2015, has not yet been fulfilled as of the end of the reporting period[29](index=29&type=chunk) [Use of Raised Funds](index=12&type=section&id=%E4%BA%8C%E3%80%81%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E6%83%85%E5%86%B5%E5%AF%B9%E7%85%A7%E8%A1%A8) The company has invested **$645 million** of raised funds, with **19.18%** of the total amount having a changed purpose, and while most projects achieved expected benefits, a subsidiary funded by over-raised capital has not yet generated direct economic benefits - The total raised funds were **$616 million**, with a cumulative investment of **$645 million** (including over-raised funds); the cumulative amount of raised funds with changed purposes was **$118 million**, accounting for **19.18%**[32](index=32&type=chunk) - Most projects have reached their intended usable state and achieved expected benefits, for example, the "Mobile Information Business Platform Expansion Project" and "Mobile Commercial Information Service Platform Project" have both achieved expected benefits[32](index=32&type=chunk) - One project, a controlling subsidiary established using over-raised funds (originally named Yunzhilang, later renamed Fengyunshidai), has not achieved expected benefits, primarily because its business is still in its early stages due to market transition from 3G to 4G and strategic changes by partners, requiring continuous investment without direct economic benefits[33](index=33&type=chunk) [Progress of Other Significant Matters](index=14&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5) The major asset restructuring involving the acquisition of Oriental Dream by issuing shares, initiated in November 2015, is ongoing, with the transaction draft disclosed, but still subject to shareholder and regulatory approvals - The company's significant matter of proposed share issuance to acquire assets (Oriental Dream) resumed trading on March 26, 2016, and the transaction draft report was disclosed on April 21[35](index=35&type=chunk) - This major asset restructuring is still subject to approval by the company's shareholders' meeting and the China Securities Regulatory Commission, and investors are advised to be aware of investment risks[35](index=35&type=chunk) [Execution of Cash Dividend Policy](index=14&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E7%8E%B0%E9%87%91%E5%88%86%E7%BA%A2%E6%94%BF%E7%AD%96%E7%9A%84%E6%89%A7%E8%A1%8C%E6%83%85%E5%86%B5) The company's 2015 profit distribution plan, approved by the annual general meeting, proposes a cash dividend of **$0.10** per 10 shares and a capital reserve transfer of **15 shares** per 10 shares, but has not yet been implemented - The company formulated its 2015 profit distribution plan: based on the total share capital at the end of 2015, a cash dividend of **$1** (including tax) per 10 shares will be distributed, and capital reserves will be converted to **15 shares** per 10 shares[36](index=36&type=chunk) - This profit distribution plan has been approved by the company's 2015 Annual General Meeting, but the dividend has not yet been implemented as of the end of the reporting period[36](index=36&type=chunk) [Financial Statements](index=15&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements [Consolidated Balance Sheet](index=15&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2016, the company's total assets were **$970.15 million**, total liabilities were **$149.07 million**, and net assets attributable to shareholders were **$800.58 million** Consolidated Balance Sheet Overview (Unit: $) | Item | Period-End Balance | Period-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 970,145,454.23 | 975,408,054.51 | | Total Liabilities | 149,073,806.52 | 153,377,849.93 | | Total Equity Attributable to Parent Company Owners | 800,575,110.64 | 798,422,803.07 | [Parent Company Balance Sheet](index=18&type=section&id=2%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2016, the parent company's total assets were **$946.25 million**, total liabilities were **$202.12 million**, and total owner's equity was **$744.14 million** Parent Company Balance Sheet Overview (Unit: $) | Item | Period-End Balance | Period-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 946,254,744.61 | 919,918,614.36 | | Total Liabilities | 202,117,099.59 | 178,586,917.48 | | Total Owner's Equity | 744,137,645.02 | 741,331,696.88 | [Consolidated Income Statement](index=20&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2016, the company's total operating revenue was **$81.08 million**, a **41.38%** decrease year-over-year, but net profit attributable to parent company owners turned positive at **$2.15 million**, a **130.47%** increase Consolidated Income Statement Overview (Unit: $) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 81,079,874.72 | 138,314,449.35 | | Operating Profit | -1,914,225.82 | -11,997,702.42 | | Net Profit Attributable to Parent Company Owners | 2,152,307.57 | -7,063,537.25 | [Parent Company Income Statement](index=22&type=section&id=4%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2016, the parent company's operating revenue was **$57.88 million**, a **47.57%** decrease year-over-year, but operating profit reached **$2.80 million**, and net profit increased by **51.77%** to **$2.81 million** Parent Company Income Statement Overview (Unit: $) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Operating Revenue | 57,881,568.56 | 110,389,968.13 | | Operating Profit | 2,801,196.99 | -2,166,478.83 | | Net Profit | 2,805,948.14 | 1,848,878.74 | [Consolidated Cash Flow Statement](index=24&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2016, net cash flow from operating activities was **$21.90 million**, a significant **1148%** increase, while investment activities resulted in a net outflow of **$61.89 million**, and the period-end cash and cash equivalents balance was **$317.13 million** Consolidated Cash Flow Statement Overview (Unit: $) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 21,897,172.10 | 1,754,035.47 | | Net Cash Flow from Investment Activities | -61,893,170.81 | -124,321,158.55 | | Net Cash Flow from Financing Activities | -689,083.33 | 2,450,923.67 | | Period-End Cash and Cash Equivalents Balance | 317,134,875.49 | 355,707,201.59 | [Parent Company Cash Flow Statement](index=26&type=section&id=6%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2016, the parent company's net cash flow from operating activities significantly improved to **$3.49 million**, compared to a net outflow in the prior year, with investment activities resulting in a net outflow of **$5.30 million**, and period-end cash and cash equivalents at **$261.86 million** Parent Company Cash Flow Statement Overview (Unit: $) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 3,488,202.85 | -25,335,184.33 | | Net Cash Flow from Investment Activities | -5,300,983.07 | -121,007,083.17 | | Net Cash Flow from Financing Activities | -689,083.33 | 2,450,923.67 | | Period-End Cash and Cash Equivalents Balance | 261,857,464.23 | 282,018,531.84 |

[Important Notes, 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) [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The board guarantees the report's authenticity and outlines risks while announcing the 2015 profit distribution plan - The proposed 2015 profit distribution plan is to distribute a cash dividend of **1 Yuan (tax included) per 10 shares** and to issue **15 new shares for every 10 shares** from the capital reserve, based on a total of 134,000,000 shares[5](index=5&type=chunk) - The company highlights key future risks, including those related to industrial transformation, industry policies, management integration, technological innovation, and the potential loss of core technical personnel[5](index=5&type=chunk) [Definitions](index=4&type=section&id=%E9%87%8A%E4%B9%89) This section defines key technical terms used in the report, such as VR, CG, and IP Key Term Definitions | Term | Definition | | :--- | :--- | | **VR** | Virtual Reality | | **CG** | Computer Graphics, the technology of creating animation using computers | | **IP** | Intellectual Property, referring to the property rights enjoyed by a rights holder for the results of their intellectual labor | [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) [Company Information](index=5&type=section&id=%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section provides the company's basic registration, contact, and information disclosure details Company Basic Information | Item | Content | | :--- | :--- | | Stock Ticker | Hison Mobile | | Stock Code | 300081 | | Chinese Name | 恒信移动商务股份有限公司 | | Legal Representative | Meng Xianmin | | Registered Address | No 69, Tianshan Street, Shijiazhuang Development Zone, Hebei Province | [Key Accounting Data and Financial Indicators](index=6&type=section&id=%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) The company's revenue declined, but net profit remained stable, with a significant turnaround in profit after non-recurring items Key Financial Data for 2015 | Indicator | 2015 | 2014 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 474,880,085.98 | 667,357,602.79 | -28.84% | | Net Profit Attributable to Shareholders (Yuan) | 10,588,462.91 | 10,539,483.58 | 0.46% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Yuan) | 5,325,654.81 | -14,226,580.31 | 137.43% | | Net Cash Flow from Operating Activities (Yuan) | 30,595,419.81 | 47,448,800.18 | -35.52% | | Basic Earnings Per Share (Yuan/Share) | 0.08 | 0.08 | 0.00% | | Total Assets (Yuan) | 975,408,054.51 | 886,543,086.64 | 10.02% | Quarterly Key Financial Indicators for 2015 (Unit: Yuan) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 138,314,449.35 | 118,878,994.08 | 85,255,577.14 | 132,431,065.41 | | Net Profit Attributable to Shareholders | -7,063,537.25 | 10,721,166.85 | -9,714,527.06 | 16,645,360.37 | - During the reporting period, total non-recurring gains and losses amounted to **5,262,808.10 Yuan**, primarily from government subsidies and investment income from the disposal of financial assets[24](index=24&type=chunk)[25](index=25&type=chunk) [Company Business Summary](index=9&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) [Main Business](index=9&type=section&id=%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 mobile information products and services, with a strategic shift towards 4G and mobile internet-based solutions - The company's main business is divided into two segments: - **Personal Mobile Information Products and Services**: Includes mobile phone retail, operator-contracted device sales, and value-added services like mobile video and music search[28](index=28&type=chunk)[29](index=29&type=chunk) - **Industry Mobile Information Products and Services**: Includes sales of all-in-one card equipment and operation of industry-specific information services[30](index=30&type=chunk)[31](index=31&type=chunk) - As 4G networks develop, the scale of traditional business has slightly declined, prompting a strategic shift towards mobile internet-based commercial service products[31](index=31&type=chunk) [Core Competitiveness](index=10&type=section&id=%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core strengths lie in its marketing network, R&D capabilities, and extensive intellectual property portfolio - The company's core competitiveness includes: - **Marketing Advantages**: Long-term partnerships with telecom operators and exploration of new media marketing models[34](index=34&type=chunk)[35](index=35&type=chunk) - **Technology and R&D Advantages**: Focus on independent innovation in mobile internet technology and e-commerce[36](index=36&type=chunk) - **Intellectual Property**: Owns **8 patents, 15 trademarks, and 113 software copyrights**[37](index=37&type=chunk)[38](index=38&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Overview](index=11&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In 2015, revenue fell due to business adjustments, but net profit was maintained through investment income and strategic capital operations 2015 Performance Overview | Indicator | 2015 Amount | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 474.88 million Yuan | -28.84% | | Operating Profit | -440.59 Yuan | -195.04% | | Total Profit | 0.79 million Yuan | -91.34% | | Net Profit Attributable to Shareholders | 10.59 million Yuan | +0.46% | - The revenue decline was mainly due to inventory structure optimization in the mobile information product sales business and a significant drop in the revenue-sharing ratio for the mobile video business[43](index=43&type=chunk) - Net profit remained stable primarily due to approximately **10 million Yuan in operating investment income** from the investment in Anhui Saida Technology Co, Ltd, along with the recognition of some government subsidies[43](index=43&type=chunk) - The company is actively pursuing business transformation through capital operations, including: - Participating in the establishment of an investment partnership to enter the internet and media industries[45](index=45&type=chunk) - Acquiring a controlling stake in a pawn company to enter the internet finance sector[47](index=47&type=chunk) - Planning a major asset restructuring to acquire Oriental DreamWorks, targeting the CG and VR entertainment industry[47](index=47&type=chunk) [Analysis of Main Business Operations](index=12&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%A5%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Revenue from core mobile information services fell, but gross margin improved significantly due to effective cost control measures 2015 Revenue Breakdown by Product | Product Segment | Revenue (Yuan) | % of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Personal Mobile Information Terminal Integrated Sales Service | 373,692,829.05 | 78.69% | -30.95% | | Industry Mobile Information Business Operation | 58,877,545.04 | 12.40% | -18.19% | | Personal Mobile Information Business Sales Service | 25,173,324.39 | 5.30% | -21.02% | | Industry Mobile Information Product Integrated Sales Service | 13,962,679.74 | 2.94% | -23.68% | Performance by Major Business Segment | Segment/Product | Operating Revenue (Yuan) | Operating Cost (Yuan) | Gross Margin | Revenue YoY | Cost YoY | | :--- | :--- | :--- | :--- | :--- | :--- | | **Mobile Information Product Sales & Services** | 471,706,378.22 | 309,293,671.67 | 34.43% | -28.89% | -33.00% | | Personal Mobile Information Terminal Integrated Sales Service | 373,692,829.05 | 285,136,361.24 | 23.70% | -30.95% | -32.36% | - Sales volume of personal mobile information terminals **decreased by 50.04% YoY**, and inventory **decreased by 43.09%**, mainly due to adjustments in product structure in response to operator sales policies[55](index=55&type=chunk) - Operating costs **decreased by 33.00% YoY**, driven by a 32.50% reduction in inventory costs and a 42.65% cut in channel promotion costs, reflecting the scaled-back terminal sales[57](index=57&type=chunk) [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) Total assets grew, with a significant shift from cash to long-term equity investments due to strategic acquisitions Significant Changes in Asset Composition | Asset Item | 2015 Year-End Balance (Yuan) | % of Total Assets | 2014 Year-End Balance (Yuan) | % of Total Assets | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 357,819,957.53 | 36.68% | 479,009,158.00 | 54.03% | Primarily due to increased external cash investments during the period | | Long-term Equity Investments | 157,917,514.80 | 16.19% | 0.00 | 0.00% | Primarily due to the new equity investment in Anhui Saida Technology Co, Ltd | [Future Development Outlook](index=23&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E5%B1%95%E6%9C%9B) The company will accelerate its transformation into an "Internet+" service provider, focusing on internet finance and the pan-entertainment industry - **Development Strategy**: To integrate business resources and expand into new fields like internet finance, video, and animation, extending the industrial and value chains[89](index=89&type=chunk) - **Major Initiatives**: - **Internet Finance**: Develop internet pawn services by leveraging its controlling stake in Beijing Hengshengtong Pawnshop[89](index=89&type=chunk) - **Pan-Entertainment Industry**: Enter the CG and VR content services sector through the proposed acquisition of Oriental DreamWorks, moving up the value chain from a downstream service provider to an upstream content creator[90](index=90&type=chunk) - **Operating Plan**: 1. Establish a modern enterprise management system to strengthen group operations[91](index=91&type=chunk) 2. Consolidate traditional businesses while accelerating the transition to internet finance, media, and cultural entertainment[92](index=92&type=chunk) 3. Actively advance the M&A process for Oriental DreamWorks[93](index=93&type=chunk) 4. Enhance refined management to continuously reduce costs and improve efficiency[93](index=93&type=chunk) - **Potential Risks**: - **Industrial Transformation Risk**: Management challenges from business expansion[93](index=93&type=chunk) - **Industry Policy Risk**: Incomplete regulations for the internet pawn industry[94](index=94&type=chunk) - **Management Integration Risk**: Increased external investments demand higher management capabilities[95](index=95&type=chunk) - **Technological Innovation Risk**: Fast-paced product upgrades pose a risk of innovation failure[96](index=96&type=chunk) - **Loss of Core Personnel Risk**: High dependency on key personnel in the industry[96](index=96&type=chunk) - **Major Asset Restructuring Risk**: The acquisition is subject to regulatory approval and carries uncertainty[96](index=96&type=chunk) [Significant Matters](index=26&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) [Profit Distribution and Capitalization of Capital Reserve](index=26&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%99%AE%E9%80%9A%E8%82%A1%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company proposed a generous 2015 profit distribution plan after two consecutive years of no distributions 2015 Profit Distribution and Capitalization Plan | Item | Content | | :--- | :--- | | Dividend per 10 Shares (Yuan) (tax incl) | 1 | | New Shares per 10 Shares | 15 | | Share Base for Distribution (Shares) | 134,000,000 | | Total Cash Dividend (Yuan) (tax incl) | 13,400,000.00 | | Distributable Profit (Yuan) | 62,723,916.84 | - The company's profit distribution for the last three years: - **2015**: Proposed plan of 1 Yuan dividend and 15 new shares per 10 shares[101](index=101&type=chunk)[103](index=103&type=chunk) - **2014**: No distribution due to a recent return to profitability and significant capital expenditure needs[104](index=104&type=chunk) - **2013**: No distribution due to an annual loss[105](index=105&type=chunk)[106](index=106&type=chunk) [Material Related-Party Transactions](index=30&type=section&id=%E5%8D%81%E4%BA%94%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine operational transactions with a related party, totaling approximately 5.997 million Yuan Related-Party Transactions in the Ordinary Course of Business | Related Party | Transaction Type | Transaction Content | Transaction Amount (10k Yuan) | | :--- | :--- | :--- | :--- | | Beijing Jingyuan Shifang Culture Media Co, Ltd | Procurement | Technical service fees | 522.26 | | Beijing Jingyuan Shifang Culture Media Co, Ltd | Procurement | Equipment purchase | 53.56 | | Beijing Jingyuan Shifang Culture Media Co, Ltd | Sales | Sale of fixed assets | 23.9 | [Other Significant Matters](index=34&type=section&id=%E5%8D%81%E4%B8%83%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company initiated a major asset restructuring and made several strategic investments to expand into new business areas - On November 26, 2015, the company suspended trading to plan a major asset restructuring, intending to issue shares to acquire Oriental DreamWorks; the plan is still pending final approval[134](index=134&type=chunk) - The company invested **30 million Yuan** of its own funds as a limited partner to establish the Beijing Shifang Hulian Investment Partnership, targeting the internet and media industries[135](index=135&type=chunk) - The company's subsidiary, Fengyun Shidai Technology Co, Ltd, completed a capital increase, raising a total of **30 million Yuan** from strategic investors[136](index=136&type=chunk) - The company progressively achieved **100% control** of Beijing Hengshengtong Pawnshop through acquisition and capital injection to solidify its internet finance business[137](index=137&type=chunk) [Changes in Share Capital and Shareholders](index=36&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) [Changes in Share Capital](index=36&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) The total share capital remained unchanged, but the proportion of restricted shares decreased due to the lifting of lock-up periods for executives Changes in Share Capital | Share Type | Pre-Change Quantity | Change (+/-) | Post-Change Quantity | Post-Change Ratio | | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 50,733,463 | -8,305,952 | 42,427,511 | 31.66% | | II. Unrestricted Shares | 83,266,537 | +8,305,952 | 91,572,489 | 68.33% | | III. Total Shares | 134,000,000 | 0 | 134,000,000 | 100.00% | [Shareholders and Actual Controller](index=37&type=section&id=%E4%B8%89%E3%80%81%E8%82%A1%E4%B8%9C%E5%92%8C%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%83%85%E5%86%B5) Mr Meng Xianmin is the controlling shareholder and actual controller, holding 31.91% of the company's shares Shareholdings of Top Two Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio | Year-End Shares Held | Number of Restricted Shares | | :--- | :--- | :--- | :--- | :--- | | Meng Xianmin | Domestic Individual | 31.91% | 42,759,034 | 32,069,275 | | Pei Jun | Domestic Individual | 5.57% | 7,468,324 | 5,976,243 | - The company's controlling shareholder and actual controller is **Mr Meng Xianmin**, who currently serves as the Chairman and General Manager[148](index=148&type=chunk)[150](index=150&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=43&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%E5%92%8C%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=43&type=section&id=%E4%B8%80%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) Several key executives adjusted their shareholdings during the reporting period, including a notable reduction by the Vice General Manager - Director and Vice General Manager **Pei Jun reduced his holdings by 500,000 shares** during the period, with a year-end holding of 7,468,324 shares[156](index=156&type=chunk) [Remuneration of Directors, Supervisors, and Senior Management](index=48&type=section&id=%E5%9B%9B%E3%80%81%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%8A%A5%E9%85%AC%E6%83%85%E5%86%B5) The total pre-tax remuneration paid to directors, supervisors, and senior management in 2015 was 2.944 million Yuan Remuneration of Key Management Personnel (Unit: 10k Yuan) | Name | Position | Total Pre-tax Remuneration from the Company | | :--- | :--- | :--- | | Meng Xianmin | Chairman; General Manager | 28 | | Pei Jun | Director; Vice General Manager | 24 | | Duan Zhaodong | Vice General Manager; Secretary of the Board | 24 | | Chen Wei | Vice General Manager; CFO | 22 | | **Total** | -- | **294.4** | [Employee Information](index=49&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) The company employed 1,551 people at year-end, with sales personnel forming the largest professional group Employee Composition by Profession | Professional Category | Number of People | | :--- | :--- | | Sales Personnel | 1,101 | | Technical Personnel | 266 | | Management Personnel | 73 | | Administrative Personnel | 56 | | Finance Personnel | 55 | | **Total** | **1,551** | [Corporate Governance](index=51&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) [Basic Status of Corporate Governance](index=51&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E7%9A%84%E5%9F%BA%E6%9C%AC%E7%8A%B6%E5%86%B5) The company maintains a sound governance structure compliant with regulations and operates independently from its controlling shareholder - The company's governance structure is well-established and complies with relevant laws, ensuring the standardized operation of the shareholders' meeting, board of directors, board of supervisors, and management[189](index=189&type=chunk) - The company is independent from its controlling shareholder in terms of business, personnel, assets, organization, and finance, possessing autonomous operational capabilities[194](index=194&type=chunk) [Financial Report](index=56&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) [Auditor's Report](index=56&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The auditor issued a standard unqualified opinion on the company's 2015 financial statements - The audit opinion type was a **standard unqualified audit opinion**[207](index=207&type=chunk) - The auditing firm was Lixin Certified Public Accountants (Special General Partnership), and the report was signed on March 22, 2016[207](index=207&type=chunk) [Financial Statements](index=57&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the audited consolidated and parent company financial statements for the year 2015 [Consolidated Balance Sheet](index=57&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Total assets grew by 10.02%, driven by new long-term equity investments, while total liabilities increased significantly Key Items from Consolidated Balance Sheet (Unit: Yuan) | Item | Closing Balance | Opening Balance | | :--- | :--- | :--- | | **Total Assets** | **975,408,054.51** | **886,543,086.64** | | Cash and Cash Equivalents | 357,819,957.53 | 479,009,158.00 | | Long-term Equity Investments | 157,917,514.80 | 0.00 | | **Total Liabilities** | **153,377,849.93** | **90,187,322.04** | | Short-term Borrowings | 50,000,000.00 | 50,000,000.00 | | Other Payables | 82,108,328.73 | 6,099,765.72 | | **Total Equity Attributable to Parent Company** | **798,422,803.07** | **782,263,474.66** | [Consolidated Income Statement](index=62&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Despite a sharp revenue decline and an operating loss, investment income helped maintain a stable net profit for the year Key Items from Consolidated Income Statement (Unit: Yuan) | Item | Current Period | Prior Period | | :--- | :--- | :--- | | I. Total Operating Revenue | 474,880,085.98 | 667,357,602.79 | | Less: Operating Costs | 309,293,671.67 | 461,651,823.27 | | Selling Expenses | 100,802,351.62 | 137,651,876.57 | | Administrative Expenses | 78,780,806.65 | 84,626,710.59 | | Add: Investment Income | 12,609,684.22 | 31,155,700.51 | | III. Operating Profit | -4,405,896.83 | 4,635,668.17 | | IV. Total Profit | 794,300.02 | 9,169,097.44 | | Net Profit Attributable to Parent Company Owners | 10,588,462.91 | 10,539,483.58 | [Consolidated Cash Flow Statement](index=66&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) A significant cash outflow from investing activities led to a net decrease in cash and cash equivalents for the year Summary of Consolidated Cash Flow Statement (Unit: Yuan) | Item | 2015 | 2014 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 30,595,419.81 | 47,448,800.18 | | Net Cash Flow from Investing Activities | -172,983,120.30 | 110,268,792.43 | | Net Cash Flow from Financing Activities | 24,384,257.02 | -52,191,244.40 | | Net Increase in Cash and Cash Equivalents | -118,003,443.47 | 105,526,348.21 |

恒信移动商务股份有限公司 2015 年第三季度报告全文 恒信移动商务股份有限公司 2015 年第三季度报告 2015 年 10 月 1 恒信移动商务股份有限公司 2015 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孟宪民、主管会计工作负责人陈伟及会计机构负责人(会计主管人员)陈伟声明：保证季度 报告中财务报告的真实、完整。 2 恒信移动商务股份有限公司 2015 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 876,186,102.87 | | 886,543,086.64 | -1.17% | | 归属 ...