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].

Financial Performance - The company's operating revenue for Q1 2021 was ¥253,968,999.64, representing a 529.79% increase compared to ¥40,325,980.69 in the same period last year[8] - The net profit attributable to shareholders was -¥4,216,819.60, a 95.86% improvement from -¥101,881,468.69 year-over-year[8] - The net cash flow from operating activities reached ¥286,747,043.59, a significant increase of 6,107.64% compared to -¥4,773,040.95 in the previous year[8] - The basic earnings per share improved to -¥0.0113 from -¥0.2734, reflecting a 95.86% increase[8] - The weighted average return on net assets improved to -0.43% from -7.76% year-over-year, an increase of 7.33%[8] - The net loss for Q1 2021 was CNY 6,040,518.25, compared to a net loss of CNY 107,677,979.36 in Q1 2020, showing an improvement of 94.4%[48] - The total comprehensive income for Q1 2021 was a loss of CNY 1,965,584.91, compared to a loss of CNY 1,395,248.31 in Q1 2020, showing a worsening of 41%[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,617,578,504.79, up 53.32% from ¥2,359,527,972.49 at the end of the previous year[8] - The company's net assets attributable to shareholders decreased by 23.73% to ¥743,801,149.59 from ¥975,244,061.35 at the end of the previous year[8] - Total liabilities rose to ¥2,947,648,543.01 from ¥1,447,863,538.49, indicating an increase of approximately 103.5%[39] - The company's total equity decreased to ¥669,929,961.78 from ¥911,664,434.00, a decline of about 26.4%[41] - The total liabilities increased to ¥2,835,556,127.57 as of January 1, 2021, with a significant rise in non-current liabilities by ¥1,387,692,589.08[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,316[12] - The largest shareholder, Jiangsu Broadcasting Group, holds 47.28% of the shares, totaling 176,160,654 shares[12] Operational Activities - The company opened 9 new cinemas with 41 screens in Q1 2021, including 8 rural cinemas[26] - The company faced challenges from the ongoing impact of the COVID-19 pandemic, particularly in overseas film supply[26] - The company is actively pursuing litigation against former shareholders of Di Nu Media to protect its interests amid ongoing disputes[27] - The company is implementing cost-cutting measures and exploring new profit growth points to mitigate the impact of the pandemic[27] Cash Flow and Investments - The investment income for Q1 2021 was CNY 664,755.31, a recovery from a loss of CNY 2,703,054.52 in the same period last year[47] - The net cash flow from investing activities in Q1 2021 was negative at -¥130,284,445.95[58] - The cash flow from financing activities showed a net outflow of -¥442,582.29, primarily due to dividend payments[58] Costs and Expenses - Total operating costs for Q1 2021 amounted to CNY 263,093,368.06, up from CNY 146,800,965.95 in the previous year, indicating a rise of 79.5%[47] - The company reported a significant increase in sales expenses, which reached CNY 111,511,948.05 in Q1 2021, compared to CNY 97,981,267.49 in Q1 2020, an increase of 13.7%[47] - Financial expenses increased by 144.65% to 20.95 million yuan, attributed to new accounting regulations affecting lease liabilities[20] Cash and Equivalents - The company's cash and cash equivalents increased to ¥646,058,732.69 as of March 31, 2021, up from ¥565,083,139.85 at the end of 2020, representing a growth of approximately 14.3%[37] - Cash and cash equivalents at the end of Q1 2021 totaled CNY 640,334,991.63, up from CNY 406,356,521.95 at the end of Q1 2020, indicating a 57.5% increase[55] Compliance and Audits - The company has not reported any violations regarding external guarantees during the reporting period[30] - There were no overdue commitments from major shareholders or related parties during the reporting period[31] - The company has not undergone an audit for the Q1 2021 report[68]

Financial Performance - The company's operating revenue for 2020 was ¥571,209,354.31, a decrease of 73.28% compared to ¥2,138,087,936.10 in 2019[19]. - The net profit attributable to shareholders was -¥388,507,438.20, representing a decline of 6,011.81% from ¥6,571,715.26 in the previous year[19]. - The total revenue from the main business after deductions was ¥526,375,227.65, down from ¥1,976,619,198.36 in 2019[19]. - The company reported a basic earnings per share of -¥1.0427, compared to ¥0.0176 in 2019[19]. - The company achieved total operating revenue of CNY 571.21 million in 2020, with a net profit attributable to shareholders of CNY -388.51 million, resulting in a basic earnings per share of CNY -1.0427[39]. - The company reported a total revenue of 1.2 billion yuan for the year 2020, reflecting a year-on-year increase of 15%[141]. - The company reported a total revenue of 1,655.5 million yuan for the year 2020, reflecting a significant increase compared to previous periods[146]. - The company reported a total revenue of 584.12 million yuan for the year 2020, reflecting a significant performance in the film and media sector[162]. Impact of COVID-19 - The company's performance was significantly impacted by the COVID-19 pandemic, with cinema operations suspended from late January to mid-July 2020, leading to substantial fluctuations in annual performance[5]. - The company experienced significant losses across all four quarters, with the fourth quarter showing a net profit of -¥113,757,951.15[21]. - The company is focusing on creating high-quality films and leveraging support policies to mitigate the negative impacts of the COVID-19 pandemic on operations[93]. - The company continues to focus on optimizing its cinema layout and enhancing operational quality despite challenges posed by the COVID-19 pandemic[44]. - The company has highlighted the potential for severe penalties if it fails to comply with regulatory policies, which could impact its operations significantly[94]. Cinema Operations - The number of cinema screens in China increased by 5,794, bringing the total to 75,581 screens by the end of 2020[6]. - The company operates 447 cinemas with a total of 2,813 screens, ranking ninth nationally and first in Jiangsu province[35]. - The company signed 30 new cinema projects in 2020, adding 131 screens, including 20 projects in rural areas[44]. - The company closed six underperforming cinemas during the reporting period to optimize its cinema operations and improve overall quality[193]. - The company has adopted advanced projection technologies, with over 50% installation rate of 4K ultra-high-definition projectors, and is a major partner of IMAX globally[36]. Content Production and Distribution - The production of feature films in China reached 531, with a total of 650 films produced in 2020[6]. - The company is focusing on enhancing content quality and adapting to the evolving market landscape, with an emphasis on premium network content as a primary revenue model[6]. - The company invested in several successful TV dramas, including "Ice Sugar Stewed Pears" and "The Three-Pronged Fork," which aired on major platforms such as CCTV and various streaming services[40]. - The company has several film projects in various stages of production, including "With Enemies Together" and "Happy Village," with expected release dates in 2021[88]. - The company has obtained distribution licenses for multiple film projects, indicating a proactive approach to content creation and distribution[88]. Financial Strategy and Dividends - The company did not declare any cash dividends or bonus shares for the year, maintaining a profit distribution plan of 0 yuan per 10 shares[8]. - The company has a profit distribution policy that mandates cash dividends to be no less than 10% of the distributable profits achieved in the current year[118]. - The company has committed to ensuring that the interests of all shareholders, especially minority shareholders, are not harmed by its financial decisions[109]. - The company has not distributed cash dividends for three consecutive years (2018, 2019, and 2020) due to reported losses in each of those years[110]. - The board's proposal for the 2020 profit distribution plan is subject to approval at the 2020 annual general meeting[110]. Legal and Regulatory Issues - The company is currently engaged in a legal dispute regarding a claim for 460 million yuan related to a television program[142]. - The company has ongoing litigation regarding a claim for 4.18 billion yuan against its subsidiaries for investment principal and returns[143]. - The company is actively pursuing legal actions to recover funds from various parties involved in its investment projects[143]. - The company has faced multiple lawsuits, indicating a complex legal environment that may impact its operational focus and financial performance[162]. - The company has reported ongoing litigation efforts to address contractual disputes and recover outstanding payments, indicating a proactive approach to managing financial risks[145]. Market Expansion and Future Outlook - The company plans to focus on high-quality content production in 2021, with key projects including "A Family in Aba" and "Who Else But Me" for TV dramas, and the opera film "The Diary of Raabe" for movies[85]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to strengthen its competitive position[123]. - The company is actively working on reducing operational costs and improving profitability by optimizing cinema revenue structures and enhancing digitalization[89]. - The company is exploring new product development initiatives to enhance its competitive edge in the entertainment industry[152]. - The company has set a revenue guidance of 1.5 billion yuan for the upcoming fiscal year, indicating a projected growth of 25%[141].

Financial Performance - Operating revenue for the current period was CNY 126,199,486.79, a decrease of 70.13% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 50,705,094.67, representing a decrease of 24.91% compared to the same period last year[7] - Basic earnings per share were -CNY 0.1361, a decrease of 24.91% year-on-year[7] - The net profit attributable to shareholders of the listed company for the first nine months was -274.75 million yuan, representing a decline of 673.66% from -35.51 million yuan in the same period last year, also due to the pandemic's impact[20] - The net loss for the quarter was CNY 56,285,423.44, slightly higher than the net loss of CNY 53,215,302.23 in the same period last year[41] - The company reported a total comprehensive loss of CNY 56,268,527.13, compared to a loss of CNY 53,224,111.72 in the prior year[42] - The company reported a net loss of CNY 181,229,135.53 for the period, compared to a profit of CNY 93,520,351.52 in the previous year[34] Assets and Liabilities - Total assets decreased by 7.10% to CNY 2,376,929,448.07 compared to the end of the previous year[7] - The company's total equity decreased to CNY 1,033,422,993.92 from CNY 1,326,254,711.57, a decline of about 22.1%[34] - Total liabilities increased to CNY 1,343,506,454.15 from CNY 1,232,326,716.90, marking an increase of approximately 9.0%[33] - The company had a 100% reduction in short-term borrowings, decreasing from 35 million yuan at the beginning of the year to 0 yuan by September 30, 2020, as a result of repaying bank loans[18] - The company’s long-term investments decreased to CNY 44,695,981.60 from CNY 60,583,534.53, a decline of about 26.2%[32] - The company reported total liabilities of CNY 1,232,326,716.90, with current liabilities at CNY 1,181,351,359.39 and non-current liabilities at CNY 50,975,357.51[64] Cash Flow - The net cash flow from operating activities increased significantly by 1,609.54% to CNY 111,577,533.90[7] - The company's cash flow from operating activities for the first nine months was 83.04 million yuan, down 44.31% from 149.09 million yuan in the previous year, mainly due to a significant decline in film distribution and screening revenues[22] - The net cash flow from operating activities for Q3 2020 was ¥83,035,553.86, compared to ¥149,091,714.44 in the same period last year, indicating a decrease of approximately 44.4%[56] - Total cash inflow from operating activities was ¥590,863,971.65, while cash outflow was ¥507,828,417.79, resulting in a net cash inflow of ¥83,035,553.86[56] - The cash flow from investment activities showed a net outflow of ¥66,313,975.56, compared to a net outflow of ¥94,858,366.63 in the previous year, reflecting an improvement of approximately 30%[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,077[11] - The largest shareholder, Jiangsu Broadcasting Television Group Co., Ltd., holds 47.28% of the shares[11] Government Support - The company received government subsidies amounting to CNY 9,487,264.14, primarily related to film industry support[8] Operational Challenges - For the first nine months of 2020, the company reported operating revenue of 217.11 million yuan, a decrease of 84.50% compared to 1,401.17 million yuan in the same period last year, primarily due to the impact of COVID-19 on film distribution and screening revenues[20] - The company experienced a 93.61% decrease in taxes and surcharges, which fell to 2.10 million yuan, reflecting the significant reduction in film distribution and screening revenues[20] - The company’s investment income turned negative, reporting -4.77 million yuan, a decline of 176.94% compared to 6.20 million yuan in the previous year, due to reduced income from equity investments[20] Cost Management - Total operating costs amounted to CNY 184,891,020.91, compared to CNY 455,878,953.60 in the prior period, indicating a reduction in costs[40] - The company incurred sales expenses of CNY 78,272,345.18, down from CNY 124,097,180.80 in the previous period, indicating cost control efforts[40] - The company’s sales expenses were ¥278,400,147, down 30.7% from ¥402,021,756 year-on-year[47] - The management expenses decreased to ¥73,616,572 from ¥91,530,641, reflecting a 19.6% reduction[47]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥90,915,045.18, a decrease of 90.71% compared to ¥978,630,999.54 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥224,044,392.38, a decline of 4,509.43% from a profit of ¥5,081,031.42 in the previous year[19]. - The net cash flow from operating activities was a negative ¥28,541,980.04, down 120.02% from ¥142,564,942.96 in the same period last year[19]. - The total assets at the end of the reporting period were ¥2,300,567,962.95, a decrease of 10.08% from ¥2,558,581,428.47 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥1,139,837,022.13, down 16.43% from ¥1,363,918,330.24 at the end of the previous year[19]. - The basic earnings per share were -¥0.6013, a decline of 4,521.32% compared to ¥0.0136 in the same period last year[19]. - The weighted average return on net assets was -17.90%, a decrease of 18.27% from 0.37% in the previous year[19]. - The company reported a revenue of 90.91 million yuan for the first half of 2020, with a net profit attributable to shareholders of -224.04 million yuan, resulting in a basic earnings per share of -0.6013 yuan, all showing significant declines compared to the same period last year[39]. - The film business segment generated revenue of 37.46 million yuan, a decrease of 95.26% year-on-year, primarily due to the impact of the COVID-19 pandemic on cinema operations and film screenings[42]. Assets and Liabilities - Cash and cash equivalents at the end of the reporting period amounted to ¥384,457,220.9, accounting for 16.71% of total assets, a decrease of 0.25% compared to the previous year[56]. - Accounts receivable decreased to ¥186,578,366.7, representing 8.11% of total assets, down by 2.16% year-on-year[56]. - Inventory increased significantly to ¥601,864,247.6, which is 26.16% of total assets, up by 7.35% due to the reclassification of certain film project payments[56]. - Long-term equity investments stood at ¥51,387,412.91, accounting for 2.23% of total assets, with no significant change[56]. - Contract assets reached ¥88,580,069.76, representing 3.85% of total assets, attributed to adjustments under new revenue recognition standards[56]. - Deferred tax assets increased to ¥4,951,177.09, accounting for 0.22% of total assets, due to the recognition of deductible losses[57]. - The company's total liabilities included short-term borrowings of ¥35,000,000.00, representing 1.52% of total assets, with no significant changes[56]. - The company's total assets at the end of the reporting period were significantly impacted by the reclassification of certain financial assets under new financial instrument standards[56]. Government Support and Subsidies - The company received government subsidies amounting to ¥8,492,211.01, primarily related to film project funding[24]. Operational Strategies - The company focuses on the entire film industry chain, with major revenue sources from cinema distribution and film screening, while film production and distribution currently contribute a smaller portion[27]. - The company has established a relatively complete production quality control system to ensure that its major film and television projects are completed on schedule and within budget[32]. - The company has a strong distribution capability with established relationships with major TV stations and online platforms, enhancing its sales ability[32]. - The company operates a cinema chain that has become one of the leading cinema chains in China, providing professional data analysis and management support to its affiliated cinemas[34]. - The company has adopted advanced projection technologies, including top-tier 4D equipment, achieving over 50% installation rate of 4K ultra-high-definition projectors[36]. - The company has set up a cinema management academy to train and develop talent, ensuring a steady supply of qualified personnel for its cinema operations[36]. - The company emphasizes a customer-centric approach, aiming to enhance the audience's viewing experience through innovative service and management practices[36]. - The company is exploring new profit growth points by integrating resources and enhancing the quality of film production and investment[43]. - The company is expanding its project pipeline, with several new television dramas and films in various stages of development, including "The First Departure" and "The Diary of John Rabe"[44]. - The company has adopted an "online + offline" sales model to enhance its cinema operations and is actively expanding into rural cinema markets[44]. - The company is focusing on technological transformation and talent optimization to achieve breakthroughs in production and operations amidst the pandemic challenges[39]. - The company is committed to maintaining a strong project reserve and is actively planning new projects to strengthen its market position[39]. Legal and Regulatory Issues - The company faces regulatory risks as the film and television industry is subject to strict government oversight, which could impact business operations and profitability if compliance is not maintained[73]. - The company is expanding its cinema business nationwide, which poses management challenges due to varying regional policies and audience preferences, necessitating a robust management system[76]. - The company is actively preparing for potential public health emergencies, having resumed operations in July after implementing necessary health protocols during the COVID-19 pandemic[79]. - The company is facing risks related to significant litigation that could impact overall performance if the subsidiary's situation does not improve[78]. - The company has reported a significant litigation involving a total amount of 382.87 million yuan, which has not formed an estimated liability[103]. - The company is actively pursuing litigation related to unresolved matters from the previous year's audit report, which may impact the comparability of current and prior financial data[101]. - The company has disclosed multiple ongoing lawsuits, reflecting a complex legal landscape that may affect future operations[106]. - The company is actively cooperating with the court in ongoing legal matters to expedite resolutions[101]. Shareholder and Profit Distribution Policies - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[84]. - The annual shareholders' meeting had an investor participation rate of 62.93% on June 30, 2020[83]. - The company maintains a profit distribution policy that requires cash dividends to be no less than 10% of the distributable profit for the year[89]. - The company is committed to a stable and continuous return on investment for shareholders while ensuring sustainable operational capacity[89]. - The company emphasizes a proactive profit distribution policy, considering industry characteristics and operational stages[89]. - The company plans to allocate at least 80% of cash dividends in profit distribution during the profit allocation process[90]. - In the case of significant capital expenditures, the minimum cash dividend proportion in profit distribution should reach 40%[90]. - The profit distribution policy emphasizes long-term and sustainable development, ensuring stable returns for investors[91]. - The company has a three-year shareholder return plan (2018-2020) that is being executed according to the proposal[92]. Market Expansion and Future Outlook - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2020, representing a year-on-year growth of 25%[96]. - User data indicated a growth in active users, with a reported increase of 15% compared to the previous year, reaching 10 million active users[97]. - The company provided a positive outlook for the second half of 2020, projecting a revenue growth of 20% to 30% based on current market trends and user engagement[98]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on expanding the digital content library[99]. - The company is actively pursuing market expansion strategies, targeting a 10% increase in market share within the next year[96]. - Ongoing research and development efforts are focused on enhancing streaming technology, with an investment of 50 million yuan allocated for this purpose[97]. - The company has outlined plans for potential acquisitions to bolster its content offerings, with a budget of up to 300 million yuan earmarked for this initiative[98]. - The management team emphasized the importance of maintaining shareholder value, committing to a share buyback program if performance targets are not met[99]. - The company has established a new strategic partnership aimed at increasing distribution channels, which is expected to enhance revenue by 15% over the next year[96]. Legal Disputes and Financial Liabilities - The company is currently involved in multiple legal disputes, including a claim for 10 million yuan in principal and interest related to a loan agreement[118]. - The company has a pending court case regarding a 20 million yuan loan, with a judgment requiring repayment and additional penalties for non-compliance[118]. - The company is facing a lawsuit for 2.71 million yuan, which is currently in progress[118]. - The company has been ordered to pay 4 million yuan in penalties related to a breach of contract[118]. - The company has a 14% equity stake in a subsidiary that is subject to auction, with proceeds prioritized for debt repayment[118]. - The company is actively pursuing new investment opportunities in the film and television sector, including a new project titled "Uncle Kurban"[118]. - The company has reported ongoing litigation related to investment returns and contractual disputes with various partners[121]. - The company is focusing on expanding its media content offerings through new productions and partnerships[120]. - The company is currently under scrutiny for its financial obligations and legal liabilities, impacting its operational strategy[121]. - The company is navigating a complex legal landscape that may affect its future financial performance and market position[121]. Related Party Transactions - The company reported a significant related party transaction involving the sale of broadcasting rights for a drama series, amounting to CNY 24.905 million[126]. - The company engaged in a related party transaction for service provision with a market price of CNY 52.19 million[126]. - There were no media controversies reported during the reporting period[123]. - The company did not face any penalties or rectification issues during the reporting period[124]. - There were no stock incentive plans or employee shareholding plans implemented during the reporting period[125]. - The company has not disclosed any major related party transactions beyond those mentioned[126]. Corporate Governance and Management - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[158]. - The company does not have any preferred shares or convertible bonds outstanding as of the reporting date[161][164]. - The financial report for the first half of 2020 has not been audited[172]. - The company’s major shareholders did not engage in any repurchase transactions during the reporting period[157]. - The company’s top ten unrestricted shareholders include Liang Lu with 6,783,659 shares and Wu Xiubo with 5,589,041 shares[157]. - The company has experienced no changes in the holdings of directors, supervisors, and senior management during the reporting period[166]. - The company has elected new directors and supervisors as of June 30, 2020, following the completion of their terms[167].