中文在线集团股份有限公司 2023 年度社会责任报告 2024 年 4 月 第一章 公司简介 一、基本情况 中文在线集团股份有限公司（以下简称"中文在线"或"公司"）于 2000 年 成立于清华大学。中文在线是国内领先的数字文化内容产业集团。公司持续夯实 数字内容基底，通过数字内容版权分发销售和 IP 衍生开发实现版权的增值；持 续深化国际业务，结合自有优质 IP 在全球范围内多点布局；同时，AI 赋能助力 公司数字内容生产效率提升，助力内容全产业链生态变革，推动科技与文化融合 发展。 1、内容平台业务 中文在线以自有原创平台、知名作家、版权机构为正版数字内容来源。积累 数字内容资源超 560 万种，网络原创驻站作者 450 万名，签约知名作家者 2000 余位，合作版权机构有 600 余家。中文在线已构成一主多元的原创内容生产平台， 不但布局 17K 小说网主平台，同时布局多种垂类赛道，包括四月天小说网、奇想 宇宙和谜想计划，形成多维度发展的内容平台矩阵，兼顾内容的综合性与独特性， 构建内容生态。 公司优质内容除了向 C 端用户直接收费外，还向包括头部阅读平台、音频平 台、三大运营商以及手机厂商等销售渠道做 ...

Summary of Conference Call Records Company Overview - The company discussed in the records is **中文在线 (Zhongwen Online)**, which operates in the digital content and IP development industry. Key Financial Metrics - **Revenue Growth**: In 2023, the company's revenue increased by **19.4%** year-on-year to **1.41 billion CNY**. However, revenue from digital content licensing and related products decreased by **12.2%** to **710 million CNY**. Revenue from IP derivative products surged by **94.4%** to **660 million CNY** [1][2][3]. - **Net Profit**: The company reported a net profit of **89.44 million CNY** in 2023, recovering from a loss of **361.97 million CNY** in 2022. The non-recurring profit was **130 million CNY**, which included various adjustments [1][2]. - **Earnings Per Share (EPS)**: The latest diluted EPS for 2023 was **0.12 CNY**, with projections for 2024-2026 being **0.16 CNY**, **0.19 CNY**, and **0.21 CNY** respectively [1][3]. - **Price-to-Earnings Ratio (P/E)**: The current P/E ratios for 2024-2026 are **196.61**, **150.76**, and **129.50** respectively [1][3]. Strategic Initiatives - **Short Drama Business**: The company has been actively developing its short drama segment since 2021, launching successful titles such as **《招惹》** and **《嫁东宫》**. They have also created a mini-program platform called **"野象剧场"** for short dramas, which has shown promising revenue potential [1][2]. - **AI and IP Development**: The company has over **60TB** of data for AI model training and launched its self-developed AI model **"中文逍遥"**. This model can generate extensive written content and has been used to translate over **25 million words** of novel IP into foreign languages [2][3]. - **Audio and Animation Success**: The company reported significant viewership for its audio works, with titles like **《修罗武神》** achieving over **5 billion** views. Their animation projects, including collaborations with PICO, have also performed well [2]. Financial Forecasts - **Profit Forecasts**: Due to increased competition in the short drama industry, the company's net profit forecasts for 2024 and 2025 have been revised down to **120 million CNY** and **140 million CNY** respectively, with an expected profit of **160 million CNY** in 2026 [2]. - **Investment Rating**: The company maintains a "Buy" rating based on its IP reserves and advancements in AI technology despite the risks associated with industry competition and IP protection [2]. Risks - The company faces several risks, including intensified competition in the industry, challenges in intellectual property protection, and risks associated with expanding overseas operations [2]. Additional Financial Data - **Balance Sheet Highlights**: Total assets for 2023 are reported at **1.836 billion CNY**, with liabilities of **530 million CNY** and equity attributable to shareholders at **1.245 billion CNY** [3][4]. - **Cash Flow**: The company reported negative cash flow from operating activities of **10 million CNY** in 2023, with projections for positive cash flow in subsequent years [4]. This summary encapsulates the key points from the conference call records, highlighting the company's financial performance, strategic initiatives, and future outlook.

证券代码：300364 证券简称：中文在线 公告编号：2024-021 中文在线集团股份有限公司 关于延长公司向特定对象发行 A 股股票股东大会决议有效期及延长 鉴于前述授权有效期即将届满，公司向特定对象发行 A 股股票相关事项仍在 办理中，为保证本次发行相关工作顺利完成，公司于 2024 年 4 月 24 日召开了第 五届董事会第五次会议和第五届监事会第五次会议，审议通过了《关于延长向特 定对象发行 A 股股票股东大会决议有效期的议案》《关于提请股东大会延长授权 董事会全权办理公司向特定对象发行 A 股股票相关事宜有效期的议案》，同意将 公司本次向特定对象发行 A 股股票的股东大会决议有效期及股东大会授权董事 会全权办理公司向特定对象发行 A 股股票相关事宜有效期延长 12 个月，自原有 效期届满之日起计算，即有效期延长至 2025 年 6 月 28 日。 《关于延长向特定对象发行 A 股股票股东大会决议有效期的议案》《关于提 请股东大会延长授权董事会全权办理公司向特定对象发行 A 股股票相关事宜有 效期的议案》尚需提交股东大会审议。 1 特此公告。 中文在线集团股份有限公司董事会 2024 年 4 月 2 ...

中文在线集团股份有限公司 关于召开 2023 年度业绩说明会的公告 证券代码：300364 证券简称：中文在线 公告编号：2024-023 本次业绩说明会将采用网络远程方式举行，投资者可登录深圳证券交易所 "互动易"平台（http://irm.cninfo.com.cn），进入"云访谈"栏目参与本次 年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事长兼总经理童之磊先生；独 立董事连莲女士；首席运营官兼财务总监杨锐志先生；副总经理兼董事会秘书 王京京女士。 为充分尊重投资者、提升交流的针对性，现就公司 2023 年度网上业绩说明 会提前向投资者征集相关问题，广泛听取投资者的意见和建议。投资者可提前 登录"互动易"平台"云访谈"栏目进入公司 2023 年度业绩说明会页面进行提 问。公司将在 2023 年度业绩说明会上，对投资者普遍关注的问题进行回答。欢 迎广大投资者积极参与本次网上业绩说明会。 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、误导性陈述或重大遗漏。 中文在线集团股份有限公司（以下简称"公司"）已于 2024 年 4 月 22 日、 2024 年 4 月 25 日 ...

第五届董事会第五次会议决议公告 证券代码：300364 证券简称：中文在线 公告编号：2024-018 中文在线集团股份有限公司 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 中文在线集团股份有限公司（以下简称"中文在线"或"公司"）第五届董 事会第五次会议于 2024 年 4 月 24 日在北京市东城区安定门东大街 28 号雍和大 厦 E 座 6 层 608 号公司会议室召开，会议通知于 2024 年 4 月 19 日以电子邮件 的形式发出。会议应参加董事 7 人，实际参加董事 7 人，全体监事和高级管理 人员列席会议。会议的召集和召开符合《公司法》和《公司章程》等有关规定， 会议合法、有效。会议由董事长童之磊先生主持，与会董事以通讯方式投票表 决，一致形成了如下决议。 二、董事会会议审议情况 1、审议通过了《关于<公司 2024 年第一季度报告>的议案》 董事会经核查认为：公司 2024 年第一季度报告所载信息真实、准确、完整， 不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容请详见公司于中国证监会指定的信息披露网站巨潮资讯 ...

证券代码：300364 证券简称：中文在线 公告编号：2024-022 中文在线集团股份有限公司 关于增加临时提案暨召开 2023 年度股东大会的补充通知 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、误导性陈述或重大遗漏。 中文在线集团股份有限公司(以下简称"公司")于2024年4月22日披露了《关 于召开2023年度股东大会的通知》，公司定于2024年5月14日（星期二）下午14:30 召开2023年度股东大会。2024年4月24日，公司召开第五届董事会第五次会议审 议通过了《关于延长公司向特定对象发行A股股票股东大会决议有效期的议案》 《关于提请股东大会延长授权董事会全权办理公司向特定对象发行A股股票相关 事宜有效期的议案》，上述议案尚须提交至公司股东大会审议，详见公司同日登 载于巨潮资讯网（www.cninfo.com.cn）的《第五届董事会第五次会议决议公告》 （公告编号：2024-018）。 为提高决策效率，公司控股股东、实际控制人童之磊先生于2024年4月19日 提交了《关于提请增加2023年年度股东大会临时提案函》，提请公司将上述议案 以临时提案的方式提交公司202 ...

Financial Performance - Operating revenue for the first quarter of 2024 was ¥222,668,960.22, a decrease of 22.81% compared to ¥288,456,458.00 in the same period of 2023[6]. - The total operating revenue for Q1 2024 was ¥222,668,960.22, a decrease of 22.8% compared to ¥288,456,458.00 in Q1 2023[28]. - Total profit for the first quarter was a loss of ¥65,800,388.81, an increase in loss of 86.00% compared to a loss of ¥35,376,565.37 in the previous year[6]. - The net loss attributable to the parent company was ¥68,461,252.74, compared to a net loss of ¥37,219,440.22 in the same period last year, representing an increase in loss of 83.9%[25]. - The comprehensive loss for the period was ¥66,846,436.70, compared to a comprehensive loss of ¥40,813,615.00 in Q1 2023, indicating a worsening of 63.9%[25]. - Basic and diluted earnings per share were both -¥0.0938, compared to -¥0.0509 in the same quarter last year[25]. - Net profit attributable to shareholders for the current period is -¥68,461,252.74, representing a decline of 83.94% year-over-year[60]. - Basic and diluted earnings per share for the current period are both -¥0.0938, down 84.28% from the same period last year[60]. Cash Flow and Liquidity - As of March 31, 2024, cash and cash equivalents decreased by 59.02% to ¥139,659,795.39 from ¥340,776,932.74 due to net cash outflows from investment products and operating activities[6]. - Cash inflow from operating activities was ¥287,656,475.94, down 11.4% from ¥324,710,819.74 in Q1 2023[29]. - The net cash flow from operating activities was -$56,593,011.33, compared to -$49,966,971.05 in the previous period, indicating a decline in operational cash flow[35]. - The total cash inflow from investment activities was $83,398,696.36, down from $224,933,417.47, reflecting a significant decrease in investment cash inflows[35]. - The net cash flow from financing activities was -$16,916,712.46, compared to -$53,674,894.96 in the previous period, showing an improvement in financing cash flow[35]. - The company's cash and cash equivalents at the end of the period were $128,610,783.39, down from $200,442,095.46, indicating a decrease in liquidity[35]. Assets and Liabilities - The total liabilities amounted to $577,675,940.69, slightly increasing from $570,034,055.60, indicating a stable liability position[39]. - The total assets decreased to $1,779,121,794.22 from $1,835,921,661.40, reflecting a reduction in the asset base[39]. - The company reported a total equity of $1,201,445,853.53, down from $1,265,887,605.80, suggesting a decline in shareholder equity[52]. - Shareholders' equity attributable to shareholders at the end of the current period is ¥1,179,585,144.61, down 5.26% year-over-year[60]. - Total assets at the end of the current period amount to ¥1,779,121,794.22, a decrease of 3.09% from the end of the previous year[60]. Expenses - Research and development expenses decreased by 55.57% to ¥12,926,213.57 from ¥29,090,408.47, reflecting reduced business income and related costs[6]. - Research and development expenses amounted to ¥12,926,213.57, a significant decrease of 55.6% from ¥29,090,408.47 in the previous year[28]. - Financial expenses increased by 49.92% to ¥2,265,696.60, mainly due to a decrease in bank interest income[6]. - The company experienced a significant increase in financial expenses, totaling ¥2,265,696.60, up from ¥1,511,247.28 in the previous year[28]. Contractual Obligations - Contract assets rose by 113.65% to ¥23,410,794.03, attributed to conditional contract receipts in the cultural business[6]. - The company reported a significant increase in contract liabilities by 65.00% to ¥63,182,306.22, due to unconsumed virtual currency revenue recognition[6]. Government Support - The company received government subsidies amounting to ¥370,510.26 during the reporting period[16]. Investment Activities - The company reported a net investment loss of ¥5,185,768.13 from joint ventures and associates, compared to a loss of ¥2,163,615.43 in the previous year[28]. - The company’s investment cash outflow totaled $211,139,440.52, compared to $411,427,863.07 in the previous period, indicating a reduction in investment expenditures[35]. - The company’s net cash flow decreased by $201,117,137.35, compared to a decrease of $292,114,826.04 in the previous period, showing a less severe cash outflow[35].

证券代码：300364 证券简称：中文在线 公告编号：2024-019 中文在线集团股份有限公司 第五届监事会第五次会议决议公告 本公司及监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、误导性陈述或重大遗漏。 一、监事会会议召开情况 中文在线集团股份有限公司（以下简称"公司"）第五届监事会第五次会 议于 2024 年 4 月 24 日在北京市东城区安定门东大街 28 号雍和大厦 E 座 6 层 608 号公司会议室召开。会议通知于 2024 年 4 月 19 日以电子邮件的形式发出， 会议应参加监事 3 人，实际参加监事 3 人。会议的召集、召开符合《中华人民 共和国公司法》和《公司章程》及有关法律、法规的有关规定。会议由监事会 主席原森民先生召集并主持，与会监事以通讯方式投票表决，一致形成了如下 决议。 二、监事会会议审议情况 1、公司第五届监事会第五次会议决议； 1、审议通过了《关于<公司 2024 年第一季度报告>的议案》 经审核，监事会认为董事会编制和审核公司 2024 年第一季度报告的程序 符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映 了公司的实际情况，不存 ...

业绩符合预期，全力拥抱内容产业"AI 时刻" 事件：中文在线 4 月 21 日发布 2023 年度业绩，公司 2023 年实现营业收入 14.09 亿元，同比增长 19.44%；归母净利润 0.89 亿元，落入预告区间 0.70-1.05 亿元上半部分，实现扭亏为盈。 业绩迎来复苏，公司有望重回增长通道。公司 2023 年收入恢复同比正增长， 其中数字内容授权实现收入 7.13 亿元，同比下降 12.19%；IP 衍生开发产品 实现收入 6.64 亿元，同比增长 94.41%，我们认为主要受益于短剧业务贡献 的增量收入以及动漫、音频等维持稳健发展。向后展望，我们认为公司新业 务有望贡献增量收入，AI 技术带来提质增效，公司有望重回增长通道。 深化内容出海，借助 AI 打造内容柔性供应链。公司丰富的中国网文资源为 优质的出海产品，通过 AI 工具辅助，公司可以将文字故事的 IP 进行多模态 的内容产品开发，从而进一步深化内容出海战略。此外，公司有望借鉴 Shein 柔性供应链，并应用 AI技术，以公司内容、数据、算法等资源为基础，根据 海外用户喜好，定制具有中国文化内核的出海内容产品，从而打造内容产业 的"柔性 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [4][15]. Core Insights - The company has achieved a significant turnaround, with a net profit of 89.44 million yuan in 2023, compared to a loss of 361.97 million yuan in 2022, marking a 124.71% year-on-year increase [4][15]. - The revenue for 2023 reached 1.41 billion yuan, reflecting a 19.44% increase compared to the previous year, driven by rapid growth in IP derivative development [4][15]. - The company has strategically positioned itself in the short drama market, showcasing a complete content production capability and successfully launching several popular series [3][4]. Financial Forecasts - Total revenue is projected to grow from 1.41 billion yuan in 2023 to 1.95 billion yuan by 2026, with year-on-year growth rates of 19.44%, 7.42%, 15.61%, and 11.49% respectively [2][20]. - The net profit forecast for 2024 is adjusted to 116.64 million yuan, down from previous estimates, with further projections of 135.78 million yuan in 2025 and 156.91 million yuan in 2026 [2][4]. - The earnings per share (EPS) is expected to increase from 0.12 yuan in 2024 to 0.21 yuan in 2026, with corresponding price-to-earnings (P/E) ratios of 151, 130, and 112 respectively [2][4]. Business Development - The company has made significant advancements in AI technology, utilizing a dataset of over 60TB for training AI models, which enhances its IP development and international expansion efforts [16]. - The launch of the self-developed AI model "Chinese Xiaoyao" 1.0 allows for innovative content creation, including novel generation and translation, which supports the company's growth strategy [16]. - The company has successfully produced and distributed various audio and animated works, achieving high viewership and engagement metrics [16].