Group 1: Company Overview - The company is Happiness Blue Sea Film and Culture Group Co., Ltd. with stock code 300528 [1] - The annual performance report for 2017 was disclosed on March 30, 2018 [3] Group 2: Investor Relations Activity - The investor relations activity was held on April 13, 2018, from 15:00 to 17:00 in Nanjing [2] - The event included a welcome speech by Vice Chairman Mr. Cao Yong, emphasizing the company's commitment to transparency and communication with investors [3] Group 3: Purpose of the Meeting - The meeting aimed to convey company information to the capital market and address investor inquiries [3] - The company expressed a desire to collect valuable feedback and suggestions from investors to enhance its development and return on investment [3]

证券代码：300528 证券简称：幸福蓝海 编号：2018-003 幸福蓝海影视文化集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|----------------------------|---------------------------------------------------------| | | ■ | 特定对象调研 ■分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系 | □ 新闻发布会 □路演活动 | | | 活动类别 | ■ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | | （排名不分先后） | | | 参与单位名称 | | 国泰君安 杨文健、倪 锦、夏 烨；江苏再保集团 马文怡； | | 及人员姓名 | | 中国平安 刘 博；南京证券 刘婧婧；毅达资本 曹博琦； | | | | 江苏嘉和源 万悦久；上海之上资产 郝贵海。 | | 时间 | 2018 年 7 月 11 | 日上午 9:30—11:00 | | 地点 | 公司 C312 会议室 ...

证券代码：300528 证券简称：幸福蓝海 编号：2018-004 幸福蓝海影视文化集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------|------------------------------------------------------| | | ■ | 特定对象调研 ■分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系 | □ 新闻发布会 □路演活动 | | | 活动类别 | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | | （排名不分先后） | | | 参与单位名称 | | 海通证券 郝艳辉、黄 原；西部利德基金 冯皓琪； | | | | 万国投资 刘 成；关河资产 王忠波；博汇投资 王 辉； | | 及人员姓名 | | 大成基金 周 松；天猊投资 曹国君；源乘投资 曾 尚； | | | | 融湖投资 邓晓珊；合众易晟 邓 睿。 | | 时间 | 2018 年 11 月 2 | 日下午 15:00—16:00 | | 地点 | ...

证券代码：300528 证券简称：幸福蓝海 幸福蓝海影视文化集团股份有限公司投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | |-------------------------|------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------| | | | | | | | ■特定对象调研 ■分析师会议 | | | | | □媒体采访 | □业绩说明会 | | | 投资者关系 | □新闻发布会 □路演活动 | | | | 活动类别 | □现场参观 | | | | | □其他 | （请文字说明其他活动内容 ...

Financial Performance - The company's revenue for Q3 2022 was ¥245,796,479.10, representing a 121.07% increase compared to the same period last year[5]. - The net profit attributable to shareholders was -¥74,048,101.31, a decrease of 2.35% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥81,435,339.41, down 2.82% from the previous year[5]. - Total operating revenue for Q3 2022 was CNY 527.75 million, a decrease of 4.9% compared to CNY 555.36 million in Q3 2021[21]. - Net loss for Q3 2022 was CNY 212.87 million, compared to a net loss of CNY 122.91 million in Q3 2021, representing a 73.2% increase in losses[22]. - The total comprehensive income for the third quarter was -212,922,650.11 CNY, compared to -122,990,855.05 CNY in the same period last year, indicating a decline of approximately 73%[23]. Assets and Equity - The total assets at the end of the reporting period were ¥2,948,158,035.07, a decrease of 5.32% from the end of the previous year[5]. - The equity attributable to shareholders decreased by 35.04% to ¥375,176,358.46 compared to the end of the previous year[5]. - The company's total assets decreased to CNY 2.95 billion from CNY 3.11 billion, a decline of 5.3% year-over-year[20]. - The equity attributable to shareholders of the parent company decreased to CNY 375.18 million from CNY 577.55 million, a drop of 35.1%[20]. Cash Flow - The operating cash flow net amount for the year-to-date was ¥10,165,467.48, down 88.46%[5]. - The net cash flow from operating activities for the first nine months of 2022 was 1,016.55 million, a decrease of 88.46% compared to 8,807.78 million in the same period of 2021, primarily due to reduced revenue from film distribution and screening caused by the pandemic[12]. - Cash inflows from operating activities totaled 951,568,273.81 CNY, down 25.5% from 1,278,243,256.83 CNY in the previous year[23]. - The net cash flow from operating activities was 10,165,467.48 CNY, a significant drop of 88.5% compared to 88,077,787.44 CNY in the same quarter last year[23]. - The net cash flow from investing activities was -1,728.63 million, an improvement of 89.28% from -16,121.84 million year-on-year, mainly due to differences in investment payments and structured deposits[12]. - The net cash flow from investing activities was -17,286,255.09 CNY, improving from -161,218,421.19 CNY in the previous year[24]. - The net cash flow from financing activities was -7,283.09 million, a decrease of 6.22% compared to -6,856.83 million in the previous year[12]. - The net cash flow from financing activities was -72,830,887.98 CNY, slightly worse than -68,568,332.90 CNY in the same quarter last year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,181, with no preferred shareholders having restored voting rights[14]. - Jiangsu Broadcasting Television Group holds 47.28% of the shares, amounting to 176,160,654 shares, making it the largest shareholder[14]. Government Support and Non-Recurring Gains - The company received government subsidies amounting to ¥5,815,237.26 in Q3 2022, contributing to its non-recurring gains[6]. - The company reported a significant increase in asset disposal gains of 8,958.79% to ¥512.46 in the year-to-date[11]. Operational Challenges - The company experienced a 69.12% decrease in total profit for the year-to-date, amounting to -¥20,935,78, primarily due to the impact of the pandemic on film distribution and screening revenues[11]. - The company's cash and cash equivalents decreased by 43.58% to -7,995.17 million from -14,170.90 million in the previous year[12]. - The company is involved in ongoing litigation regarding the equity transfer agreement with Di Nu Media, which has implications for its financial position[16]. - The company has not disclosed any new product developments or market expansion strategies in the recent report[16]. - The company did not report any new product launches or significant market expansion strategies during the quarter[25].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥281,950,242.54, a decrease of 36.52% compared to ¥444,171,879.57 in the same period last year[20]. - The net loss attributable to shareholders for the first half of 2022 was ¥128,271,397.00, representing a 246.95% increase in losses compared to ¥36,970,912.37 in the previous year[20]. - The net cash flow from operating activities decreased by 75.63%, amounting to ¥44,043,536.06, down from ¥180,724,577.81 in the same period last year[20]. - The basic earnings per share for the first half of 2022 was -¥0.3443, a decline of 247.08% compared to -¥0.0992 in the previous year[20]. - Total assets at the end of the reporting period were ¥3,017,573,307.70, a decrease of 3.09% from ¥3,113,712,593.54 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 22.21%, amounting to ¥449,252,487.35 compared to ¥577,547,045.51 at the end of the previous year[20]. - The company reported a significant increase in non-operating losses, with a total of -¥9,044,318.89 attributed to operational penalties[25]. - The weighted average return on net assets was -24.98%, a decrease of 19.91% compared to -5.07% in the previous year[20]. - The company reported a net loss of ¥135,903,343.67, a 222.70% increase in loss compared to a net loss of ¥42,114,261.51 in the same period last year, again due to the pandemic's impact[47]. - The gross profit margin for film and derivative services was 59.38%, with a decrease of 2.06% compared to the previous year, while the gross profit margin for television dramas was 40.94%, an increase of 22.85%[49]. Business Operations - The company is actively developing 12 excellent television drama projects, including the historical drama "Zhang Jian," which has completed the script creation phase[34]. - The major revolutionary historical drama "The Flowing Characters" aired on multiple platforms and received significant acclaim for its portrayal of the great spirit of the founding of the Party[34]. - The urban inspirational drama "Hasty Youth" achieved high ratings after its premiere on July 8, 2022, on Jiangsu and Zhejiang TV[34]. - The company is focusing on the production and distribution of police-themed dramas and has several projects in post-production, including "The People's Police" and "Star Falls into Sugar"[34]. - The company is exploring the market potential and operational models for developing short and medium videos into series, aiming to enhance profitability through diversified product development[34]. - The film business primarily generates revenue from box office sharing and derivative income, with the current focus on expanding cinema operations and partnerships[30]. - The company emphasizes the importance of social benefits alongside economic benefits, ensuring orderly development of all business segments despite ongoing pandemic challenges[31]. - The company has established a comprehensive film industry chain, covering production, distribution, and cinema operations, with a focus on content production and channel development[29]. - The company is committed to strengthening internal management and team building, implementing strict controls on production costs and talent fees to mitigate risks[31]. Cinema Operations - In the first half of 2022, the company's cinema line achieved a box office of 728 million yuan, a decrease of 34.29% compared to the same period last year[36]. - The number of screenings was 1.9634 million, down 23.00% year-on-year, and the number of moviegoers was 16.708 million, a decrease of 39.48% compared to the previous year[36]. - As of June 30, 2022, the company operated 525 cinemas with 3,179 screens, including 400 franchise cinemas with 2,364 screens and 125 self-operated cinemas with 815 screens[36]. - The company opened 8 new cinemas with 38 screens during the reporting period, including locations in Ningbo, Hangzhou, Suzhou, and Nanchang[36]. - The company signed contracts for 5 new cinema projects with 35 screens, including projects in Yangzhou, Jinan, and Guiyang[37]. - The box office for the company's self-operated cinemas reached 219.8627 million yuan during the reporting period[37]. - The company is actively integrating resources and enhancing film production and investment levels, focusing on projects like "Goodbye, Dawa Lihai" and "Prison Camp Olympics"[35]. - The company is implementing cost-saving measures, including negotiating rent reductions and optimizing its cinema resources to mitigate the impact of the pandemic[35]. - The company aims to expand its market presence by adopting an "online + offline" sales model and actively developing rural cinemas[35]. - The company has established a strong brand influence, ranking 8th nationally in box office revenue and maintaining the top position in Jiangsu province for seven consecutive years[39]. Legal and Regulatory Issues - The company faces regulatory risks due to strict government policies affecting the film and television industry, which could impact operations[75]. - The company is involved in significant litigation matters with a total amount in dispute of 440,000 RMB[100]. - The court made a first-instance judgment requiring the defendant to pay an investment amount of 2.5996 million RMB[100]. - The company has applied for enforcement of the judgment due to the defendant's failure to comply with the ruling[100]. - The litigation process has been ongoing since November 2014, indicating a prolonged legal dispute[100]. - The company is currently awaiting further developments in the case, including potential appeals[100]. - The company is actively involved in litigation to protect its interests, as ongoing disputes could negatively impact overall performance if the subsidiary continues to incur losses[79]. - The company is currently engaged in multiple legal proceedings involving its subsidiaries and joint ventures[109]. - The company has incurred significant legal fees, including 10.48 million yuan for attorney fees in one case[105]. - The company is facing legal challenges that may impact its financial position, including a requirement to cover all litigation costs associated with ongoing cases[110]. Future Outlook and Strategic Initiatives - The company provided a positive outlook for the second half of 2022, expecting continued growth in revenue and user engagement[64]. - New product launches are anticipated to drive further market expansion, with a focus on innovative content and technology[64]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its content library[64]. - Investment in research and development has increased, aiming to improve production capabilities and content quality[64]. - The company plans to expand its market presence in international regions, targeting key demographics[64]. - Strategic partnerships are being pursued to leverage synergies and enhance distribution channels[64]. - The company aims to achieve a revenue target of 8 billion yuan for the full year 2022, reflecting a growth rate of approximately 50%[64]. - The management emphasized the importance of adapting to market trends and consumer preferences to sustain growth[64]. - The company is actively pursuing new investment opportunities, including a recent arbitration case involving a claim for 10 million RMB in borrowed funds[111]. - The company plans to expand its market presence by entering three new provinces by the end of 2022[113]. Shareholder and Capital Structure - The company has not distributed cash dividends or issued new shares from capital reserves in the first half of 2022[86]. - The company reported a total of 22,185 ordinary shareholders at the end of the reporting period[149]. - Jiangsu Broadcasting Television Group Co., Ltd. holds 47.28% of the shares, totaling 176,160,654 shares[149]. - Tianjin Litian Financial Investment Co., Ltd. holds 7.21% of the shares, totaling 26,861,640 shares, which are pledged[149]. - Jiangsu Guodian Venture Capital Co., Ltd. holds 5.25% of the shares, totaling 19,573,405 shares[149]. - Wu Xiubo, an individual shareholder, holds 1.50% of the shares, totaling 5,589,041 shares, which are frozen[149]. - The company has no significant contracts that require explanation during the reporting period[143]. - The company has not disclosed any other significant matters that require explanation[143]. - The total number of shares before the change was 372,608,054, with no changes reported[147]. - The company has no major subsidiaries with significant events to report during the period[144].

Financial Performance - The company's revenue for Q1 2022 was ¥215,343,310.49, a decrease of 15.21% compared to ¥253,968,999.64 in the same period last year[3] - The net profit attributable to shareholders was -¥37,952,232.95, representing a decline of 800.02% from -¥4,216,819.60 in Q1 2021[3] - The company reported a net loss of CNY 730,562,514.26 in retained earnings, worsening from a loss of CNY 692,610,281.31 at the beginning of the year[17] - The company reported a total comprehensive loss of -40,621,971.80 yuan for Q1 2022, compared to -6,043,523.50 yuan in Q1 2021[21] - The company's net profit for Q1 2022 was -40,623,853.14 yuan, compared to -6,040,518.25 yuan in Q1 2021, indicating a significant increase in losses[20] - Operating profit for Q1 2022 was -37,823,438.57 yuan, a decline from -4,006,347.21 yuan in the same period last year[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 85.71%, from ¥286,747,043.59 in Q1 2021 to ¥40,966,833.61 in Q1 2022[3] - The net cash flow from operating activities for Q1 2022 was 40,966,833.61 yuan, a decrease from 286,747,043.59 yuan in Q1 2021[25] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 467,478,130.52, an increase from CNY 403,242,899.54 at the beginning of the year[15] - Cash and cash equivalents at the end of Q1 2022 amounted to 453,801,603.32 yuan, down from 640,334,991.63 yuan at the end of Q1 2021[25] - Investment activities generated a net cash flow of 42,213,872.73 yuan in Q1 2022, a recovery from -175,593,288.50 yuan in Q1 2021[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,114,143,555.09, showing a slight increase of 0.01% from ¥3,113,712,593.54 at the end of the previous year[3] - Total assets as of March 31, 2022, were CNY 3,114,143,555.09, slightly up from CNY 3,113,712,593.54 at the beginning of the year[17] - Total liabilities increased to CNY 2,654,428,627.20 from CNY 2,613,789,221.89, marking a rise of 1.5%[17] - The company's total equity decreased to CNY 459,714,927.89 from CNY 499,923,371.65, a decline of 8%[17] - The total equity attributable to shareholders decreased by 6.57%, from ¥577,547,045.51 at the end of the previous year to ¥539,596,693.90[3] Income and Expenses - The company reported a significant increase in other income by 42.51%, from ¥187.08 in Q1 2021 to ¥266.61 in Q1 2022[9] - The company incurred financial expenses of 21,282,112.72 yuan in Q1 2022, slightly up from 20,951,921.18 yuan in Q1 2021[20] - Total operating costs for Q1 2022 were CNY 262,970,594.26, slightly down from CNY 263,093,368.06 year-over-year[19] Market and Operational Insights - The company has not reported any new product launches or significant market expansion strategies during this quarter[14] - The company experienced a 85.71% decline in net cash flow from operating activities due to the impact of the pandemic, leading to reduced film distribution and screening revenues[9] - The company recorded a net loss of -¥4,062.39, which is a 572.52% increase in loss compared to -¥604.05 in the same quarter last year[9] - Accounts receivable decreased to CNY 161,451,526.80 from CNY 224,231,903.25 at the start of the year, reflecting a reduction of 28%[15] - Inventory increased to CNY 385,028,595.76 from CNY 344,729,753.82, indicating a rise of 11.6%[15] Return on Equity - The weighted average return on equity was -6.79%, a decrease of 6.36% compared to -0.43% in the previous year[3] - Basic and diluted earnings per share for Q1 2022 were both -0.1019, compared to -0.0113 in Q1 2021[21]

Financial Performance - The company reported a net profit attributable to shareholders of -170.40 million yuan for 2021, with the parent company achieving a net profit of -0.8265 million yuan[151]. - The company's operating revenue for 2021 was ¥947,419,514.65, an increase of 65.86% compared to ¥571,209,354.31 in 2020[23]. - The net profit attributable to shareholders was -¥170,400,107.72, a 56.14% improvement from -¥388,507,438.20 in the previous year[23]. - The total revenue for 2021 reached approximately ¥947.42 million, a 65.86% increase compared to the previous year[52]. - The company reported a significant increase in operating costs, with the main business cost rising to ¥382.11 million, a 39.96% increase from the previous year[58]. - The company reported a loss for the fiscal year 2021, resulting in a negative profit available for distribution to ordinary shareholders at the end of the reporting period[152]. - The company’s legal reserve fund is not sufficient to cover previous years' losses, and it must first use current year profits to offset losses before allocating to the legal reserve[151]. - The company has committed to a shareholder return plan for the next three years (2021-2023) as outlined in the proposal[186]. Box Office and Cinema Operations - The total box office revenue in China for 2021 reached 47.258 billion yuan, with domestic films accounting for 39.927 billion yuan, representing 84.49% of the total[6]. - The number of new cinema screens added in 2021 was 6,667, bringing the total number of screens in China to 82,248, maintaining the top position globally[6]. - The company’s cinema chain expanded to 522 locations with a total of 3,217 screens by the end of December 2021[37]. - The company ranked eighth in national box office revenue for the first time in 2021[37]. - The company signed 23 new cinema projects in 2021, adding 129 screens, including 9 in rural areas[43]. - The company’s cinema chain expanded from 142 cinemas at the time of its IPO in 2016 to 522 cinemas by the end of the reporting period, with a rise in national ranking from 17th to 8th[47]. - The number of cinema screenings increased to 4.81 million, a growth of 129.96% year-on-year, with total audience attendance reaching 48.28 million, up 121.3%[53]. Production and Content Strategy - The company produced and co-produced several successful dramas in 2021, including "A Family in Aba" and "Who Else But Me," which aired on major platforms[34]. - The company plans to continue expanding its film and television production capabilities, leveraging the recovery of the industry post-pandemic[34]. - The company aims to enhance the quality of its productions while adhering to regulatory guidelines and promoting positive cultural values[38]. - The company has 12 excellent television projects in reserve for the next five years, including the historical drama "Zhang Jian" which has completed the script stage[41]. - The company is actively developing new projects, with several films and TV series in various stages of production and distribution[40]. - The company plans to continue its focus on high-quality content production, with key projects including "The Wind Rises" and "People's Police" in post-production for 2022[87]. Governance and Compliance - The company has a sound corporate governance structure, including a general meeting of shareholders, a board of directors, and a supervisory board, ensuring compliance and effective operation[156]. - The company reported a strict compliance with governance regulations, with a board of directors consisting of 9 members, including 3 independent directors, ensuring effective decision-making[107]. - The company has established effective communication channels with shareholders, ensuring transparency and equal rights for all shareholders, especially minority shareholders[107]. - The company has developed a comprehensive internal control system covering all major units and high-risk areas, ensuring effective risk management[154]. - The company has implemented a budget management system to oversee the execution of budgets and ensure alignment with strategic goals[159]. Market and Strategic Initiatives - The company is exploring potential acquisitions in the media sector to diversify its content offerings and strengthen market position[127]. - The company is committed to optimizing its revenue structure and exploring diverse income sources to boost overall profitability[91]. - The company aims to expand its cinema network through self-built and acquired theaters, increasing market share and coverage in key cities[90]. - The company is actively pursuing a strategy to expand rural cinema projects, aligning with national policies to enhance cultural access[91]. - The company has established 135 People's Cinema locations to enhance cultural accessibility in rural areas[175]. Challenges and Risks - The company anticipates that the impact of the pandemic will continue to affect its operations in 2022, particularly its owned cinemas, and is implementing cost-cutting measures and resource integration to mitigate these effects[94]. - The company faces regulatory risks due to strict government oversight in the film and television industry, which could impact its business operations[96]. - The company is experiencing growth risks in its television drama business due to market saturation and rising production costs, which could affect profitability if prices do not increase accordingly[96]. - The rapid expansion of the company's cinema business may lead to management challenges, requiring effective risk control and management practices[98]. Social Responsibility and Community Engagement - The company actively engaged in community cultural initiatives, including free movie screenings, to promote social harmony[174]. - The company emphasizes a balanced approach to social and economic benefits in its operations[175]. - The company has successfully broadcast the poverty alleviation-themed drama "A Family in Aba" on major platforms, contributing to social responsibility efforts[176]. Employee Management and Development - The total number of employees at the end of the reporting period was 1,384, with 1,135 in operational roles and 56 in film production[144]. - The company plans to continue training programs in 2022, utilizing both online and offline methods to enhance employee skills and efficiency[146]. - The company’s training initiatives aim to improve professional capabilities and labor efficiency, with regular assessments of training effectiveness planned[146]. - The company has a clear human resources management framework to support employee development and maintain a positive work environment[162].

Financial Performance - The company's revenue for Q3 2021 was ¥111,186,894.31, representing a decrease of 11.90% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥75,827,237.27, a decline of 49.55% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥79,198,626.84, down 51.41% from the previous year[3]. - The basic earnings per share were -¥0.2035, a decrease of 49.55% year-on-year[3]. - The weighted average return on equity was -10.68%, a decrease of 6.89% compared to the previous year[3]. - The company's net loss for the period was CNY 635,008,323.23, compared to a loss of CNY 294,987,086.68 in the previous year, indicating a worsening of approximately 115%[23]. - The net profit for the third quarter of 2021 was -122,913,913.46 CNY, compared to -291,847,201.04 CNY in the same period last year, showing an improvement of approximately 58.9%[26]. - Operating profit for the quarter was -113,360,309.13 CNY, a reduction from -286,718,075.99 CNY year-over-year, indicating a significant decrease in losses[26]. - Total comprehensive income for the third quarter was -122,990,855.05 CNY, compared to -291,867,220.46 CNY in the previous year, reflecting a 57.8% improvement[27]. Cash Flow and Investments - The cash flow from operating activities was ¥88,077,787.44, an increase of 6.07% year-to-date[3]. - The cash flow from operating activities was 8,807.78 million, showing a 6.07% increase compared to 8,303.56 million in the same period last year[12]. - Investment activities generated a cash outflow of -16,121.84 million, a 143.11% increase in outflow from -6,631.40 million in 2020, mainly due to increased investments in film projects[11]. - The company reported an investment income of CNY 6,504,567.01 for the current period, compared to a loss of CNY 4,771,253.75 in the previous year[24]. - The total cash outflow from investing activities was 332,407,039.59 CNY, compared to 76,528,309.35 CNY in the same period last year, indicating increased investment activity[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,292,883,074.02, an increase of 39.56% compared to the end of the previous year[3]. - The total liabilities increased to CNY 2,732,802,262.11 from CNY 1,447,863,538.49 year-over-year, representing an increase of approximately 88.9%[22]. - The company's equity attributable to shareholders was 975,244,061.35, with a decrease of 227,223,086.91 in retained earnings[35]. - The company has a lease liability of 1,387,692,589.08, indicating a significant long-term commitment[35]. - The company’s total non-current liabilities amounted to 79,617,981.20, reflecting a substantial increase due to the new lease accounting standard[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,671[14]. - The largest shareholder, Jiangsu Broadcasting Television Group Co., Ltd., holds a 47.28% stake in the company[14]. Operational Challenges - The company faced adverse impacts on its operations due to COVID-19 restrictions, particularly in Nanjing and Yangzhou, leading to temporary cinema closures[18]. - The company has resumed operations in its cinemas since late September 2021 as the pandemic situation improved[18]. Other Financial Metrics - The company reported a significant increase in other income, which rose to 2,837.77 million, up 171.30% from 1,045.99 million in the previous year[11]. - Financial expenses surged to 6,304.41 million, a 139.20% increase from 2,635.61 million, attributed to the recognition of interest expenses on lease liabilities[11]. - The company’s investment income improved to 650.46 million, a 236.33% increase from -477.13 million in the same period last year[11]. - The company's cash and cash equivalents as of September 30, 2021, were CNY 424,318,706.58, down from CNY 565,083,139.85 at the end of 2020[20]. - Basic and diluted earnings per share for the quarter were both -0.3027 CNY, an improvement from -0.7374 CNY in the previous year[28]. Audit Status - The third quarter report was not audited, indicating a preliminary financial position[37].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥444,171,879.57, representing a 388.56% increase compared to ¥90,915,045.18 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥36,970,912.37, an improvement of 83.50% from a loss of ¥224,044,392.38 in the previous year[21]. - The net cash flow from operating activities reached ¥180,724,577.81, a significant increase of 733.19% compared to -¥28,541,980.04 in the same period last year[21]. - Total assets as of June 30, 2021, were ¥3,448,781,205.83, up 46.16% from ¥2,359,527,972.49 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 27.10% to ¥710,974,847.84 from ¥975,244,061.35 at the end of the previous year[21]. - The basic earnings per share improved to -¥0.0992 from -¥0.6013, reflecting an 83.50% increase[21]. - The weighted average return on net assets was -5.07%, an improvement of 12.83% from -17.90% in the previous year[21]. - The company reported a net profit for the period at -¥42.11 million, an improvement of 82.12% from -¥235.56 million in the same period last year, indicating a recovery trend[48]. - The company's total comprehensive loss for the first half of 2021 was ¥42.19 million, compared to a loss of ¥235.60 million in the same period of 2020, reflecting a reduction of 82.1%[192]. Revenue Sources - The film and derivative segment generated revenues of approximately ¥370.50 million, with a staggering increase of 1,275.04% compared to the previous year[50]. - The cinema ticket sales and screening revenue accounted for ¥340.35 million, reflecting a 1,372.89% increase year-on-year[50]. - The company reported other income of ¥23.63 million in the first half of 2021, compared to ¥8.33 million in the same period of 2020, marking an increase of 184.5%[189]. - The company recognized government subsidies amounting to ¥23,295,094.81 related to film and television projects[25]. Cinema Operations - As of June 30, 2021, the company operated 475 cinemas with 2902 screens, including 364 franchise cinemas with 2177 screens and 111 self-operated cinemas with 725 screens[36]. - The company opened 15 new cinemas with 70 screens during the reporting period[36]. - The self-operated cinemas generated a box office revenue of 328.067 million RMB during the reporting period[37]. - The company has signed contracts for 8 new cinema projects, adding 41 screens[37]. - The company expanded its cinema chain from 142 cinemas in 2016 to 475 cinemas by the end of the reporting period, increasing its market share from 1.5% in 2012 to approximately 4% in 2020[42]. Legal and Regulatory Matters - The company is involved in a significant lawsuit with a claim amount of 382.87 million yuan, with ongoing court proceedings[120]. - The company has initiated litigation against Jiangsu Huizhen Film Co., Ltd. for an investment return of 2.5996 million yuan related to the film "Killing Order"[120]. - The company is actively managing litigation risks and controlling costs to mitigate the impact of potential losses from its subsidiary, Di Nu Media[82]. - The company is facing regulatory risks due to increasing scrutiny in the film and television industry, which could impact its operations and profitability[77]. Strategic Initiatives - The company is focusing on enhancing its film production and investment capabilities, aiming to participate in high-quality projects[33]. - The company is committed to optimizing content production and marketing strategies while strengthening internal management and team building[31]. - The company is actively pursuing strategies to enhance shareholder returns over the next three years, aligning with its long-term growth objectives[105]. - The company has established a dedicated leadership team to promote township cinema projects, aiming to reduce the viewing gap between urban and rural areas[94]. Investment and Financial Management - The company invested 53,458,000 during the reporting period, marking a 100% increase compared to the same period last year[61]. - The company has a focus on short-term financial products for investment purposes[69]. - The financial management products are linked to the RMB exchange rate, indicating a strategy to mitigate currency risk[69]. - The company has established a project evaluation committee to ensure the careful selection of quality projects, reducing investment risks in film and television production[39]. Market Expansion and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[124]. - A strategic acquisition of a local production company is anticipated to enhance content creation capabilities and diversify offerings[124]. - The company is developing a new streaming service, projected to launch in early 2022, aimed at capturing the growing online audience[138]. - The company expects a revenue growth of 10% to 15% for the second half of 2021, driven by new content releases and market expansion strategies[124]. Shareholder Relations - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[89]. - The company has committed to a shareholder return plan for the next three years (2021-2023) to ensure consistent and stable returns[104]. - Jiangsu Broadcasting has pledged to prioritize the company for any new business setups that may create competition, ensuring the company has first rights to operate these businesses[107]. Operational Challenges - The film industry segment continues to face challenges due to the pandemic, but the company is leveraging support policies and negotiating rent reductions to mitigate impacts[33]. - The company has implemented cost-reduction measures and maintained strict pandemic prevention protocols, resulting in no employee infections during the reporting period[44]. - The company is facing multiple legal disputes that may impact its financial position and operational strategies moving forward[130].