第四届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 世纪天鸿教育科技股份有限公司（以下简称"公司"）第四届监事会第三次会 议于 2024 年 4 月 26 日在公司会议室以现场表决的方式召开。会议通知已于 2024 年 4 月 22 日以专人送达形式向全体监事发出。本次会议应出席监事 3 人，实际 出席会议监事 3 人，会议由监事会主席王凯先生召集和主持。本次会议的召集、 召开、表决程序符合《公司法》等法律法规、规范性文件和《公司章程》的有关 规定。 二、会议审议情况 证券代码：300654 证券简称：世纪天鸿 公告编号：2024-021 世纪天鸿教育科技股份有限公司 具体内容详见公司同日刊登在巨潮资讯网（www.cninfo.com.cn）的《2024 年 第一季度报告》。 表决结果：同意 3 票、反对 0 票、弃权 0 票。 三、备查文件 1、第四届监事会第三次会议决议。 特此公告。 世纪天鸿教育科技股份有限公司监事会 2024 年 4 月 27 日 1、审议通过《关于公司 2024 年第一季度报告的议案》 监 ...

Financial Performance - The company's revenue for Q1 2024 was ¥99,026,614.02, representing a 16.79% increase compared to ¥84,788,699.16 in the same period last year[5] - Net profit attributable to shareholders decreased by 9.86% to ¥7,058,633.78 from ¥7,830,361.54 year-on-year[5] - The basic earnings per share fell by 13.64% to ¥0.019 from ¥0.037 in the same period last year[5] - The net profit for Q1 2024 was CNY 7,105,669.35, a decrease of 18.6% compared to CNY 8,733,444.20 in Q1 2023[20] - The total comprehensive income attributable to the parent company was CNY 7,058,633.78, down from CNY 7,830,361.54 in the same quarter last year[20] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at -¥22,195,232.34, a decline of 1,364.94% compared to ¥1,754,644.62 in the previous year[5] - The cash flow from operating activities showed a net outflow of CNY 22,195,232.34, compared to a net inflow of CNY 1,754,644.62 in the same period last year[22] - Cash and cash equivalents decreased to ¥363,334,927.65 from ¥396,497,250.00, a decline of 8.3%[16] - Cash and cash equivalents at the end of the period were CNY 363,334,927.65, down from CNY 394,073,722.12 at the end of Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,078,399,359.82, down 4.01% from ¥1,123,506,725.45 at the end of the previous year[5] - Total liabilities decreased to ¥234,142,964.36 from ¥287,365,330.69, a reduction of 18.5%[18] - The company's equity attributable to shareholders increased to ¥829,604,913.89 from ¥821,142,655.79, a slight increase of 1.8%[18] Expenses - Total operating costs for Q1 2024 were ¥91,850,441.14, up 22.8% from ¥74,799,586.07 in the same period last year[19] - The company incurred a total operating expense of CNY 173,885,820.55, which is an increase from CNY 119,840,851.42 in the previous year[22] - The company reported a significant increase in sales expenses, which rose by 47.16% to ¥16,648,235.31 from ¥11,313,363.06 in the previous year[9] - Research and development expenses for Q1 2024 were ¥1,201,936.73, up from ¥1,108,919.85, indicating a focus on innovation[19] Inventory and Receivables - The inventory increased by 60.05% to ¥47,381,026.84 due to higher paper procurement during the reporting period[9] - Accounts receivable decreased to ¥250,474,976.47 from ¥290,418,071.71, a reduction of 13.8%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,754[11] - Xinjiang Zhihong Education holds 47.00% of the shares, totaling 171,031,555 shares, with 26,497,555 shares pledged[11] - The company has 41,516,606 restricted shares at the end of the period, with 316,997 shares released during the reporting period[13] - The company’s major shareholders include Ren Lun with 3.59% and Li Yuxin with 1.01% of the shares[11] - The company has a total of 154,541,555 shares held through ordinary securities accounts and 16,490,000 shares through credit securities accounts[11] Government Support and Investment - The company received government subsidies amounting to ¥70,914.43 during the reporting period[6] - Investment income increased by 112.36% to ¥626,148.79 compared to ¥294,848.24 in the same period last year[9] - Investment activities resulted in a net cash outflow of CNY 10,633,004.01, compared to a net inflow of CNY 42,076,548.42 in Q1 2023[22] Other Information - The company did not report any new product launches or significant market expansion strategies during the quarter[24] - The company has not disclosed any changes in the number of shares lent or returned due to margin trading among the top shareholders[11] - The company has not reported any changes in the number of preferred shareholders or their holdings[12] - The company’s restricted shares are subject to a lock-up period of 36 months from the end of the initial issuance[13] - The report indicates that the actual controller of Xinjiang Zhihong Education Investment Co., Ltd. is Ren Zhihong, who has a familial relationship with Ren Lun[11]

证券代码：300654 证券简称：世纪天鸿 公告编号：2024-020 董事会经核查认为：编制和审核公司《2024 年第一季度报告》的程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日刊登在巨潮资讯网（www.cninfo.com.cn）的《2024 年 第一季度报告》。 表决结果：同意 7 票、反对 0 票、弃权 0 票。 三、备查文件 世纪天鸿教育科技股份有限公司 第四届董事会第三次会议决议公告 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。 一、会议召开情况 世纪天鸿教育科技股份有限公司（以下简称"公司"）第四届董事会第三次会 议于 2024 年 4 月 26 日在公司会议室以现场结合通讯表决方式召开。会议通知已 于 2024 年 4 月 22 日以专人送达、通讯等形式向全体董事发出。本次会议应出席 董事 7 人，实际出席会议董事 7 人。会议由董事长任志鸿先生召集和主持，公司 监事、高级管理人员列席了本次会议。本次会议的召集、召开、表决程序符合 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R. China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 北京市康达律师事务所 关于世纪天鸿教育科技股份有限公司 2023 年年度股东大会的法律意见书 康达股会字【2024】第 0158 号 致：世纪天鸿教育科技股份有限公司 北京市康达律师事务所（以下简称"本所"）接受世纪天鸿教育科技股份有限公 司（以下简称"公司"）的委托，指派本所律师参加公司 2023 年年度股东大会（以下 简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人 民共和国证券法》（以下简称"《证券法》"）《上 ...

世纪天鸿教育科技股份有限公司 2023 年年度股东大会决议公告 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。 证券代码：300654 证券简称：世纪天鸿 公告编号：2024-018 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间： 现场会议时间：2024年4月22日14:30 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为2024年 4月22日的交易时间，即9:15-9:25，9:30-11:30和13:00-15:00；通过互联网投票系 统的进行网络投票的具体时间为股东大会召开当日9:15-15:00。 （2）会议召开地点：淄博市高新区天鸿路9号，公司四楼会议室。 （6）会议召开的合法、合规性：本次会议的召集、召开和表决程序符合 《公司法》《深圳证券交易所股票上市规则》等有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 2、会议出席情况 （1）参加本次股东大会现场会议和网络投票的股东及股东授权委托代表共 18 ...

国投证券股份有限公司 | 1．是否建立了防止控股股东、实际控制人及其关联人直接或者间 | 是 | | | | --- | --- | --- | --- | | 接占用上市公司资金或者其他资源的制度 | | | | | 2．控股股东、实际控制人及其关联人是否不存在直接或者间接 | 是 | | | | 占用上市公司资金或者其他资源的情形 | | | | | 3．关联交易的审议程序是否合规且履行了相应的信息披露义务 | 注 是 | | | | 4．关联交易价格是否公允 | 是 | | | | 5．是否不存在关联交易非关联化的情形 | 是 | | | | 6．对外担保审议程序是否合规且履行了相应的信息披露义务 | | | 不适用 | | 7．被担保方是否不存在财务状况恶化、到期不清偿被担保债务等 | | | 不适用 | | 情形 | | | | | 8．被担保债务到期后如继续提供担保，是否重新履行了相应的审 | | | 不适用 | | 批程序和披露义务 | | | | | （五）募集资金使用 | | | | | 现场检查手段：查阅三方监管协议、银行对账单、募集资金使用审批表等，并对公司总经理、 | | | | | ...

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 2023 年年度持续督导跟踪报告 | 保荐机构名称：国投证券股份有限公司 | 被保荐公司简称：世纪天鸿（300654） | | --- | --- | | 保荐代表人姓名：何畏 | 联系电话：021-35082257 | | 保荐代表人姓名：孙素淑 | 联系电话：021-55518389 | 一、保荐工作概述 1 | 项目 | 工作内容 | | --- | --- | | （3）现场检查发现的主要问题及整改情况 | 不适用 | | 6．发表专项意见情况 | - | | （1）发表专项意见次数 | 5 次 | | （2）发表非同意意见所涉问题及结论意见 | 无 | | 7．向本所报告情况（现场检查报告除外） | - | | （1）向本所报告的次数 | 次 0 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8．关注职责的履行情况 | - | | （1）是否存在需要关注的事项 | 否 | | （2）关注事项的主要内容 | 不适用 | | （3）关注事项的进展或者整改情况 | 不适用 | | 9．保荐 ...

Investment Rating - The report maintains an "Overweight" rating for Century Tianhong, with current valuations at 84.6x, 71.1x, and 59.9x for 2024-2026 respectively [12][61] Core Views - Century Tianhong's 2023 revenue reached RMB 507 million, a YoY increase of 17.2%, with net profit attributable to shareholders of RMB 42 million, up 18.9% YoY [1][64] - The company's gross margin improved significantly to 37.2% in 2023, up 4.1 percentage points YoY, driven by enhanced R&D capabilities and product quality [33][70] - Century Tianhong's smart education products continue to break through, with the "Xiaohong Teaching Assistant 4.0" version being upgraded and the "Bishen Composition" APP accumulating over 18 million users [21] Financial Performance Revenue and Profit - 2023Q4 revenue was RMB 139 million, up 3.3% YoY, with net profit attributable to shareholders of RMB 11 million, a 33.4% YoY increase [1] - Non-GAAP net profit attributable to shareholders in 2023 was RMB 39 million, up 27.2% YoY [1] Cost Structure - 2023 sales, management, and R&D expense ratios were 14.6%, 10.6%, and 1.0% respectively, with sales expenses increasing due to marketing and salary expenditures [2][21] - 2023Q4 sales, management, and R&D expense ratios were 18.2%, 11.0%, and 1.2% respectively, showing significant increases compared to the same period last year [2] Profitability - 2023 gross margin for educational materials was 35.0%, up 3.6 percentage points YoY, while consulting services gross margin reached 74.3%, up 4.7 percentage points YoY [16] - 2023Q4 gross margin was 42.2%, up 10.4 percentage points YoY, with a net margin of 8.0%, up 2.3 percentage points YoY [33] Business Development - The company published 2,818 books in 2023, totaling approximately 1.1 billion words, and upgraded the 2024 edition of the "Blue Book of College Entrance Examination" [59] - Century Tianhong's digital education solutions have been piloted and promoted in provinces such as Shandong and Guangdong, offering a comprehensive package of "technology platform + content resources + teaching research services" [21] Industry Outlook - The growth rate of the national birth rate and the number of K12 students is lower than expected, which may impact the demand for educational materials [8] - The rapid growth of short video and live e-commerce in retail channels may further intensify competition in the book industry, potentially squeezing profit margins [62]

◼ 公司 2023 年收入实现 5.07 亿元，同比增长 17.2%；归母净利润实现 42.34 百万元，归母净利率同比略微提升至 8.3%；扣非归母净利润实现 38.93 百万元，扣非归母净利率约 7.7%。23Q4 收入实现 1.39 亿元，同 比增长 3.3%；归母净利润实现 10.95 百万元，扣非归母净利润实现 9.33 百万元，扣非归母净利率同比提升 1.8pct 至 6.7%。2023 年度公司拟派 发现金红利约 1819 万元。 《世纪天鸿(300654)：小鸿助教持续 迭代，看好公司 AI+教育业务发展》 2023-12-12 公司点评报告 请务必阅读正文之后的免责声明部分 免责及评级说明部分 东吴证券投资评级标准 买入：预期未来 6 个月个股涨跌幅相对基准在 15%以上； 增持： 预期未来 6 个月内，行业指数相对强于基准 5%以上； 中性： 预期未来 6 个月内，行业指数相对基准-5%与 5%； 减持： 预期未来 6 个月内，行业指数相对弱于基准 5%以上。 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Investment Rating - The report maintains a "Hold" rating for the company, indicating that it is expected to perform in line with the market over the next six months [10][12]. Core Views - The company is projected to achieve revenue growth of 16% in 2024, followed by 6.9% in 2025 and 6.4% in 2026, with net profit growth rates of 33.5%, 11.7%, and 8.1% respectively [2][12]. - The integration of research and marketing activities is expected to enhance market penetration and drive sales growth [11][24]. Financial Summary - The company reported a revenue of 510 million yuan in 2023, representing a year-on-year increase of 17.2%, with a net profit of 42.34 million yuan, up 18.9% [10][12]. - Forecasted revenues for 2024, 2025, and 2026 are 588.4 million yuan, 629.3 million yuan, and 669.5 million yuan respectively, with corresponding net profits of 56.53 million yuan, 63.15 million yuan, and 68.23 million yuan [2][13]. - The projected PE ratios for 2024, 2025, and 2026 are 84, 75, and 69 respectively [12][13]. Business Segments - The company anticipates a 15% growth in the issuance of educational supplementary books in 2024, with a gradual decline to 5% in subsequent years, while maintaining stable pricing [18][30]. - The gross margin for educational supplementary books is expected to improve slightly, reaching 35.5% in 2024 and 36.5% by 2026 [30]. Market Position - The company is positioned as a leading player in the private publishing sector, with a focus on AI in education, which is expected to further open growth opportunities [12][25]. - The integration of AI technology in products like "Xiao Hong Assistant" is showing initial success, with significant user engagement and content generation capabilities [25][26].