Group 1 - The stock price of Century Tianhong closed at 11.05 yuan on August 27, 2025, down 1.60% from the previous trading day, with a trading volume of 411 million yuan and a turnover rate of 10.17% [1] - Century Tianhong's main business includes educational publishing and digital education, with products such as supplementary textbooks and online education platforms. The company is involved in sectors like cultural media and AI corpus [1] - The latest financial report indicates that Century Tianhong's net profit attributable to shareholders for the first half of the year was 2.7556 million yuan, a year-on-year decrease of 63.57% [1] Group 2 - On August 27, the net outflow of main funds was 381,200 yuan, with a cumulative net outflow of 25.1284 million yuan over the past five days [1]

Core Viewpoint - Century Tianhong (300654) reported disappointing financial results for the first half of 2025, with significant declines in revenue and net profit compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 was 156 million yuan, a decrease of 4.57% year-on-year [1] - Net profit attributable to shareholders was 2.76 million yuan, down 63.57% year-on-year [1] - In Q2 2025, total revenue was 52.82 million yuan, a decline of 17.41% year-on-year, with a net loss of 2.49 million yuan, a decrease of 592.83% [1] - Gross margin was 36.63%, down 6.42% year-on-year, while net margin was 1.79%, down 64.22% year-on-year [1] - Total operating expenses (selling, administrative, and financial expenses) amounted to 53.86 million yuan, accounting for 34.63% of revenue, an increase of 8.89% year-on-year [1] Cash Flow and Assets - Cash and cash equivalents increased by 127.89% due to the maturity of financial products [3] - Operating cash flow per share was 0.14 yuan, a significant increase of 2456.81% year-on-year [1] - Accounts receivable represented 398.39% of net profit, indicating a high level of receivables relative to profit [1][7] Investment and R&D - R&D expenses increased by 64.98% due to higher personnel costs [4] - The company's return on invested capital (ROIC) was 4.72%, indicating weak capital returns [4] Debt and Liabilities - The company maintained a healthy cash asset position, with a focus on managing liabilities [5] - Significant changes in liabilities included a 243.31% increase in accounts payable due to the use of acceptance bills for procurement payments [3]

Group 1 - The company, Century Tianhong (300654), reported that as of August 20, 2025, the latest number of shareholders is 31,418 [1]

Group 1 - The company reported a total revenue of 156 million yuan and a net profit of 2.76 million yuan for the first half of 2025, indicating short-term pressure on performance due to seasonal characteristics and increased R&D and marketing expenses [1] - The education publishing industry is undergoing significant transformation, and the company is focusing on a "product + service" strategy to strengthen its influence and market coverage in the supplementary education market [1] - The company is enhancing its product development by focusing on the college entrance examination and improving the core competitiveness of its product content [1] Group 2 - The company has established an education research institute with over 500 education experts to capitalize on the expanding market opportunities in research and teaching services, conducting 124 research activities and serving nearly 20,000 users during the reporting period [2] - The company is exploring AI + education as a second growth curve, advancing digital system construction and initiating pilot commercialization of its "Xiao Hong Assistant" intelligent system in numerous schools [3] - The transition towards becoming an education technology service-oriented enterprise is marked by the successful deployment of the "Xiao Hong Assistant," which aims to enhance practical applicability based on feedback from teachers and schools [3]

Group 1 - The company, Century Tianhong, announced the convening of its fourth board meeting on August 25, 2025, to review the semi-annual report and its summary for 2025 [1] - For the first half of 2025, the company's revenue composition was as follows: 86.37% from educational auxiliary books, 7.86% from planning service fees, 3.11% from sales of cultural and educational products, 1.31% from other businesses, and 1.01% from consulting services [1]

Group 1 - The company, Century Tianhong (300654.SZ), reported a revenue of 156 million yuan for the first half of the year, representing a year-on-year decrease of 4.57% [1] - The net profit attributable to shareholders of the listed company was 2.7556 million yuan, down 63.57% compared to the previous year [1] - The company recorded a non-recurring net loss of 638,000 yuan, with basic earnings per share at 0.008 yuan [1]

国投证券股份有限公司 关于世纪天鸿教育科技股份有限公司使用自有资金支付募 投项目部分款项并以募集资金等额置换的核查意见 国投证券股份有限公司（以下简称"国投证券"或"保荐机构"）作为世纪 天鸿教育科技股份有限公司（以下简称"世纪天鸿"或"公司"）首次公开发行 股票并在创业板上市持续督导、2020 年向特定对象发行股票并在创业板上市及 持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则（2025 年修订）》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作（2025 年修订）》《上市公司募集资金监 管规则》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务（2025 年修订）》等有关法律法规的规定，对世纪天鸿使用自有资金支付募投项目部分 款项并以募集资金等额置换的事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准山东世纪 天鸿文教科技股份有限公司首次公开发行股票的批复》（证监许可〔2017〕1601 号）核准（公司于 2018 年 8 月更名为"世纪天鸿教育科技股份有限公司 ...

证券代码：300654 证券简称：世纪天鸿 公告编号：2025-046 世纪天鸿教育科技股份有限公司 关于使用自有资金支付募投项目部分款项并以募集资金等额 置换的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 世纪天鸿教育科技股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召 开第四届董事会第十一次会议、第四届监事会第十次会议，分别审议通过了《关 于使用自有资金支付募投项目部分款项并以募集资金等额置换的议案》，同意公司 在"教育内容 AI 系统建设项目"实施期间，根据实际情况先行使用自有资金支付该 募投项目部分款项并以募集资金进行等额置换，该部分等额置换资金视同募投项 目使用资金。保荐机构对本次募集资金置换事项出具了无异议的核查意见。现将 相关事项公告如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准山东世纪 天鸿文教科技股份有限公司首次公开发行股票的批复》（证监许可〔2017〕1601 号） 核准（公司于 2018 年 8 月更名为"世纪天鸿教育科技股份有限公司"，公告编号： 2018-043） ...

2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：世纪天鸿教育科技股份有限公司 | | | | | | | | | | 单位：元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性 | 资金占用方名称 | 占用方与上市公司 | 上市公司核算 | 2025年期初占 | 2025年半年度 占用累计发生 | 2025年半年度 占用资金的利 | 2025年半年度 偿还累计发生 | 2025年半年度 期末占用资金 | 占用形成原因 | 占用性质 | | 资金占用 | | 的关联关系 | 的会计科目 | 用资金余额 | | | | | | | | | | | | | 金额（不含利 | 息（如有） | 金额 | 余额 | | | | 控股股东、 | | | | | | | | | | | | 实际控制人 | | | | | | | | | | | | 及其附属企 | | | | | | | | | | | | 业 | | | | | | | | | | | | 小计 | — | — | — | | ...

世纪天鸿教育科技股份有限公司 关于 2025 年半年度募集资金存放、管理与使用情况的专项报 告 根据《上市公司募集资金监管规则》《上市公司自律监管指引第 2 号——创业 板上市公司规范运作（2025 年修订）》及信息披露业务备忘录的相关规定，现将世 纪天鸿教育科技股份有限公司（以下简称"本公司"或"公司"）2025 年半年度募 集资金存放、管理与使用情况说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 1、首次公开发行股票募集资金 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准山东世纪 天鸿文教科技股份有限公司首次公开发行股票的批复》（证监许可〔2017〕1601 号） 核准（公司于 2018 年 8 月更名为"世纪天鸿教育科技股份有限公司"，公告编号： 2018-043），并经深圳证券交易所同意，公司首次公开发行人民币普通股（A 股） 股票 2,335 万股，每股发行价格为人民币 7.71 元，募集资金总额为人民币 18,002.85 万元，扣除各项发行费用 3,497 万元后，实际募集资金净额为人民币 14,505.85 万 元。上述发行募集资金已经瑞华会计师事务所（特 ...