Financial Performance - The company's operating revenue for Q3 2022 was ¥478,951,587.76, representing a 5.75% increase year-over-year, while the year-to-date revenue decreased by 5.53% to ¥1,326,883,176.48[5] - Net profit attributable to shareholders for Q3 2022 was ¥49,097,418.63, down 13.34% compared to the same period last year, and year-to-date net profit decreased by 31.10% to ¥138,737,012.07[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.26, reflecting a decrease of 13.33% year-over-year, with year-to-date earnings per share down 31.13% to ¥0.73[5] - Total operating revenue for Q3 2022 was CNY 1,326,883,176.48, a decrease of 5.5% compared to CNY 1,404,579,385.39 in Q3 2021[23] - Net profit for Q3 2022 was CNY 133,141,278.55, a decline of 32.5% from CNY 197,481,460.12 in Q3 2021[24] - Earnings per share for Q3 2022 were CNY 0.73, down from CNY 1.06 in Q3 2021[25] - The comprehensive income for Q3 2022 was CNY 132,857,379.02, down from CNY 197,011,773.72 in Q3 2021[24] Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥3,155,928,088.52, a decrease of 6.77% from the end of the previous year[5] - As of September 30, 2022, the total current assets amount to 2,712,737,373.51 RMB, a decrease from 2,848,005,336.49 RMB at the beginning of the year[20] - Total assets as of Q3 2022 amounted to CNY 3,155,928,088.52, a decrease from CNY 3,385,057,001.16 at the end of Q3 2021[22] - Total liabilities for Q3 2022 were CNY 1,084,307,883.50, down from CNY 1,347,139,049.22 in Q3 2021[22] - The company's total equity attributable to shareholders was CNY 2,074,506,225.28, an increase from CNY 2,032,586,829.36 in the previous year[22] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥11,296,556.38, a significant decline of 90.50% compared to the previous year[12] - Operating cash flow for the period was ¥11,296,556.38, a significant decrease of 90.5% compared to ¥118,973,029.95 in the previous period[26] - Total cash inflow from investment activities was ¥1,042,993,774.92, an increase of 17.4% from ¥888,520,390.01 in the previous period[27] - Net cash outflow from investment activities was ¥21,285,368.30, an improvement from a net outflow of ¥197,217,728.23 in the previous period[27] - Cash and cash equivalents at the end of the period stood at ¥318,423,089.91, up from ¥293,113,319.75 in the previous period[27] - Total cash outflow from financing activities was ¥163,983,998.99, a decrease of 9.0% compared to ¥180,048,085.79 in the previous period[27] - The net increase in cash and cash equivalents for the period was -¥174,717,195.45, compared to -¥259,174,037.82 in the previous period[27] Investments and Expenses - Research and development expenses for the year-to-date period were ¥4,632,362.39, down 56.05% from ¥10,541,041.58 in the previous year[10] - Research and development expenses for Q3 2022 were CNY 4,632,362.39, significantly lower than CNY 10,541,041.58 in Q3 2021[23] - The company reported a 334.42% increase in investment income for the year-to-date period, amounting to ¥4,584,975.23, compared to ¥1,055,431.19 in the previous year[10] - The company reported an investment income of CNY 4,584,975.23, compared to CNY 1,055,431.19 in the same period last year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,841, with no preferred shareholders having restored voting rights[13] - China CITIC Limited holds 62.70% of shares, amounting to 119,225,000 shares, while CITIC Investment Holdings Limited holds 10.80%, totaling 20,536,364 shares[13] Market Position and Strategy - The company's market share in the national book retail market for January to September 2022 is 2.91%, an increase of 0.16 percentage points year-on-year, ranking first among publishers[18] - The company continues to increase investment in copyrights and actively expands distribution on short video platforms[18] - The company is enhancing its overall marketing and channel distribution capabilities[18] - The company has achieved a quarter-on-quarter increase in net profit attributable to shareholders for three consecutive quarters in 2022[18] Changes in Financial Metrics - The company experienced an 80.51% increase in accounts receivable, totaling ¥156,892,026.50, primarily due to delayed collections caused by the pandemic[9] - The company’s long-term equity investments increased by 117.17% to ¥170,473,253.56, attributed to new equity investments made during the reporting period[9] - The company reported a 68.67% decrease in lease liabilities, amounting to ¥65,276,935.25, due to changes in lease contracts[9] - The company's long-term equity investments increased to 170,473,253.56 RMB from 78,498,117.79 RMB at the beginning of the year[20] - Cash and cash equivalents decreased to 1,496,871,167.12 RMB from 1,859,468,097.71 RMB at the beginning of the year[20] - The total number of restricted shares at the beginning of the period was 139,761,364, all of which were released during the period[16]

中信出版集团股份有限公司 2022 年半年度报告 1 2022 年 08 月 中信出版集团股份有限公司 2022 年半年度报告全文 中信出版集团股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人王斌、主管会计工作负责人余金树及会计机构负责人(会计主 管人员)范中佳声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第三节"管理层讨论与分析"之十 "公司面临的风险和应对措 施"部分，阐述了公司经营中可能存在的风险及应对措施，敬请投资者认真阅 读相关内容，注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 6 | | 第三节 | 管理层讨论与分析 | 9 | | 第四节 | 公司治理 | 17 | | 第五节 | 环 ...

中信出版集团股份有限公司 2022 年第一季度报告 2022-017 中信出版集团股份有限公司 2022 年第一季度报告 2022 年 04 月 公司负责人王斌、主管会计工作负责人余金树及会计机构负责人(会计主管 人员)范中佳声明：保证季度报告中财务报表的真实、准确、完整。 公司第一季度报告是否经过审计 □ 是 √ 否 审计师发表非标意见的事项 □ 适用 √ 不适用 1 中信出版集团股份有限公司 2022 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 2 中信出版集团股份有限公司 2022 年第一季度报告 第二节 公司基本情况 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 411,536,049.48 | 472,532,196 ...

中信出版集团股份有限公司 2021 年年度报告全文 中信出版集团股份有限公司 2021 年年度报告 2022 年 03 月 中信出版集团股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人王斌、主管会计工作负责人余金树及会计机构负责人(会计主管 人员)范中佳声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来的经营计划、业绩预测等方面的内容，均不构成本 公司对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的 风险认识，并且应当理解计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"之十一"公司未来发展的展望"部 分，阐述了公司经营中可能存在的风险及应对措施，敬请投资者认真阅读相关 内容，注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 190,151,515 为基数，向 全体股东每 10 股派发现金红利 5.08 元（含税）， ...

中信出版集团股份有限公司 2021 年第三季度报告 2021 年第三季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 证券代码：300788 证券简称：中信出版 公告编号：2021-042 中信出版集团股份有限公司 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 452,928,587.74 | -3.87% | 1,404,579,385.39 | 10.4 ...

中信出版集团股份有限公司 2021 年半年度报告 中信出版集团股份有限公司 2021 年半年度报告全文 1 2021 年 08 月 中信出版集团股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人王斌、主管会计工作负责人余金树及会计机构负责人(会计主管 人员)张慧声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第三节"管理层讨论与分析"之十 "公司面临的风险和应对措 施"部分，阐述了公司经营中可能存在的风险及应对措施，敬请投资者认真阅读 相关内容，注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 4 中信出版集团股份有限公司 2021 年半年度报告全文 释义 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 中信出版、本公司、公司、母公司 | 指 | 中信出版集团股份有限公司 | | 中信集团 | 指 | 中国中 ...

中信出版集团股份有限公司 2021 年第一季度报告全文 中信出版集团股份有限公司 2021 年第一季度报告 2021-019 2021 年 04 月 1 中信出版集团股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王斌、主管会计工作负责人余金树及会计机构负责人(会计主管 人员)张慧声明：保证季度报告中财务报表的真实、准确、完整。 2 中信出版集团股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 472,532,196.82 | 321,973,199.09 | | 46.76% | | 归属于上市公司股东的净利润（元） | 63,279 ...

中信出版集团股份有限公司 2020 年年度报告全文 中信出版集团股份有限公司 2020 年年度报告 1 2021 年 03 月 中信出版集团股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司负责人王斌、主管会计工作负责人余金树及会计机构负责人(会计主管 人员)张慧声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来的经营计划、业绩预测等方面的内容，均不构成本 公司对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的 风险认识，并且应当理解计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"之九"公司未来发展的展望"部 分，阐述了公司经营中可能存在的风险及应对措施，敬请投资者认真阅读相关 内容，注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 190,151,515 为基数，向 全体股东每 10 股派发现金红利 4.8 元（含税），送红股 0 股（含税），以资本公 积金向全体股东每 10 股转增 0 股。 2 | 目录 | | --- | | 第一节 重要提示、目录和释义 2 | | ...

Financial Performance - Operating revenue for the current period was CNY 471,177,837.87, a 2.44% increase compared to the same period last year[7] - Net profit attributable to shareholders increased by 75.11% to CNY 78,441,860.20 for the current period[7] - Basic earnings per share rose by 57.69% to CNY 0.41 per share[7] - The company reported a significant increase in investment income, rising by 1,014.73% to RMB 7.269 million, attributed to reduced losses from joint ventures and improved financial management[18] - Operating profit increased significantly to ¥78,843,161.33, compared to ¥39,986,227.39 in the prior period, indicating improved operational efficiency[40] - Net profit for the current period was ¥77,557,196.38, up from ¥38,645,057.91, showcasing strong financial performance[40] - Comprehensive income for the current period totaled ¥77,394,583.66, compared to ¥38,924,122.84, indicating overall growth in financial health[41] - Net profit for the current period is ¥184,947,003.12, an increase of 13.36% compared to ¥163,145,785.91 in the previous period[48] Assets and Liabilities - Total assets increased by 4.74% to CNY 2,830,375,029.95 compared to the end of the previous year[7] - Total liabilities amounted to ¥1,009,942,840.26, slightly up from ¥1,001,540,468.71, showing a marginal increase of about 0.4%[32] - The company's total equity increased to ¥1,820,432,189.69 from ¥1,700,805,910.79, representing a growth of approximately 7.0%[33] - The total non-current assets decreased to ¥173,393,725.82 from ¥195,651,748.64, indicating a decline of approximately 11.4%[31] Cash Flow - Net cash flow from operating activities was CNY 75,153,946.84, a 53.61% increase compared to the same period last year[7] - The net cash flow from operating activities for Q3 2020 was ¥98,784,383.40, a decrease of 25.5% compared to ¥132,543,212.98 in Q3 2019[56] - Cash inflow from investment activities was ¥1,162,831,321.28, significantly higher than ¥627,170,262.34 in the previous year[57] - The net cash flow from investment activities was -¥308,461,011.64, an improvement from -¥1,054,993,885.07 in Q3 2019[57] - The ending balance of cash and cash equivalents was ¥451,035,427.26, up from ¥325,104,375.72 in Q3 2019[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,169[11] - The largest shareholder, China CITIC Limited, holds 62.70% of the shares, totaling 119,225,000 shares[11] Research and Development - Research and development expenses increased by 31.37% to RMB 6.498 million due to higher investment in R&D and increased labor costs[18] - Research and development expenses rose to ¥2,826,570.63 from ¥1,693,922.41, indicating a focus on innovation and new product development[39] Market Performance - The company's market share in the national book retail market reached 2.65%, an increase of 0.43 percentage points from the previous year, ranking first among publishing institutions[21] - The company’s digital and audiobook business grew by 80.6% year-on-year, reflecting a strong shift towards online sales[20] - The company’s bookstore successfully transitioned to a light asset operation model, achieving profitability for the first time in a single quarter[20] Other Income and Expenses - Other income increased to ¥3,276,025.91 from ¥2,373,561.49, contributing positively to overall revenue[39] - The company reported a decrease in sales expenses to ¥92,373,169.80 from ¥104,905,802.89, reflecting cost management efforts[39]

[Important Notice](index=2&type=section&id=Section%201.%20Important%20Notice) The Board of Directors, Supervisory Board, and senior management collectively guarantee the truthfulness, accuracy, and completeness of the quarterly report - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility[4](index=4&type=chunk) - Company head Wang Bin, chief accountant Yu Jinshu, and head of accounting Zhang Hui declare the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Section%202.%20Company%20Profile) This section provides an overview of the company's key financial performance indicators and shareholder structure for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2020, the company experienced significant declines in key financial metrics due to the pandemic, with total operating revenue falling by **17.36%** and net profit attributable to shareholders decreasing by **57.58%** Key Financial Indicators for Q1 2020 | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue (Yuan) | 321,973,199.09 | 389,626,955.48 | -17.36% | | Net Profit Attributable to Shareholders (Yuan) | 24,196,492.89 | 57,036,347.20 | -57.58% | | Net Cash Flow from Operating Activities (Yuan) | -66,653,409.68 | -34,339,382.14 | -94.10% | | Basic Earnings Per Share (Yuan/Share) | 0.13 | 0.40 | -67.50% | | Weighted Average Return on Net Assets | 1.41% | 6.31% | -4.90% | - Total non-recurring gains and losses for the period amounted to **4.42 million yuan**, primarily from fair value changes in financial assets held for trading, totaling **4.79 million yuan**[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period%20End) As of the period end, the company had **7,669** common shareholders, with a highly concentrated ownership structure where the top two shareholders collectively held **73.5%** of shares - The total number of common shareholders at the end of the reporting period was **7,669** households[12](index=12&type=chunk) Holdings of Top Two Shareholders | Shareholder Name | Shareholding Percentage | Shareholder Nature | | :--- | :--- | :--- | | CITIC Group Corporation | 62.70% | State-owned Legal Entity | | CITIC Investment Holdings Co., Ltd. | 10.80% | State-owned Legal Entity | - At the end of the reporting period, the company's total restricted shares amounted to **142,613,636** shares, all being pre-IPO institutional restricted shares with no changes during the period[16](index=16&type=chunk) [Significant Events and Operating Analysis](index=7&type=section&id=Section%203.%20Significant%20Events) This section details significant changes in financial data, provides a review of business operations, and outlines the utilization of raised funds [Analysis of Significant Changes in Financial Data](index=7&type=section&id=I.%20Significant%20Changes%20in%20Key%20Financial%20Data%20and%20Indicators%20During%20the%20Reporting%20Period%20and%20Their%20Causes) During the reporting period, the company experienced significant changes across its financial statements, including a **50.58%** increase in financial assets, a **73.39%** decrease in employee compensation payable, and a **94.10%** decline in net operating cash flow Key Balance Sheet Changes | Item | YoY Change | Reason for Change | | :--- | :--- | :--- | | Financial Assets Held for Trading | +50.58% | Primarily due to new wealth management product purchases during the period | | Accounts Receivable | +53.86% | Primarily due to decreased sales collections during the period | | Employee Compensation Payable | -73.39% | Primarily due to payment of year-end bonuses accrued in the prior year | Key Income Statement Changes | Item | YoY Change | Reason for Change | | :--- | :--- | :--- | | Financial Expenses | -775.20% | Primarily due to increased interest income during the period | | Non-operating Expenses | +1314.02% | Primarily due to increased expenses unrelated to ordinary activities during the period | Key Cash Flow Statement Changes | Item | YoY Change | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -94.10% | Primarily due to decreased sales collections during the period | | Net Cash Flow from Investing Activities | +51.42% | Primarily due to reduced investment in wealth management products during the period | [Business Review and Outlook](index=8&type=section&id=II.%20Business%20Review%20and%20Outlook) Despite a **15%** decline in publishing and **33%** in physical bookstore revenue due to the Q1 2020 pandemic, the company's online and digital reading businesses grew **59%** and **46%** respectively, leading to an increased market share of **2.56%** Impact of Pandemic and Response Measures by Business Segment | Business Segment | Revenue Change | Response Measures | | :--- | :--- | :--- | | Book Publishing and Distribution | Decreased by 15% YoY | Conducted over 300 online live streams, self-operated online business revenue increased by 59% YoY | | Digital Reading Business | Increased by 46% YoY | Launched pandemic-related digital content, free reading events attracted 500,000 new users | | Physical Bookstore Retail | Decreased by 33% YoY | Shifted sales and services online, but rigid expenses led to a net profit reduction of **22.73 million yuan** | - Despite a **15.93%** decline in the national book retail market, the company's overall market share counter-cyclically increased by **0.4** percentage points to **2.56%**, maintaining a leading position in sub-segments like economics, academic culture, and lifestyle[25](index=25&type=chunk)[26](index=26&type=chunk) - The company actively adjusted its development strategies, including: - Adjusting the direction of raised funds to increase investment in high-quality intellectual property[27](index=27&type=chunk) - Promoting a shared publishing platform to integrate industry resources[28](index=28&type=chunk) - Advancing MCN projects to build a matrix of knowledge-based KOLs[29](index=29&type=chunk) - Adjusting publishing policy to a "thematic publishing project" plan to respond to contemporary needs [Use of Raised Funds](index=11&type=section&id=V.%20Comparison%20Table%20of%20Raised%20Funds%20Utilization) The company's total raised funds amounted to **643.23 million yuan**, with **20 million yuan** invested this quarter and **440.19 million yuan** cumulatively, and plans to reallocate **200 million yuan** to content investment Overview of Raised Funds Utilization (Unit: 10,000 Yuan) | Item | Amount | | :--- | :--- | | Total Raised Funds | 64,323.13 | | Total Investment This Quarter | 1,999.2 | | Total Cumulative Investment | 44,018.91 | - The company plans to reallocate **200 million yuan** of remaining raised funds from the "Smart Life Service System Construction Project" to the "Content Investment and Operations Project," pending approval at the 2019 Annual General Meeting of Shareholders[37](index=37&type=chunk) [Financial Statements](index=13&type=section&id=Section%204.%20Financial%20Statements) This section presents the company's consolidated financial statements, including the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=13&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of March 31, 2020, total assets were **2.66 billion yuan**, a **1.59%** decrease, while total liabilities decreased by **7.53%** to **926.12 million yuan**, and net assets attributable to shareholders increased by **1.43%** Consolidated Balance Sheet Key Data (Unit: Yuan) | Item | March 31, 2020 | December 31, 2019 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 2,659,391,080.94 | 2,702,346,379.50 | -1.59% | | Total Liabilities | 926,119,003.80 | 1,001,540,468.71 | -7.53% | | Total Equity Attributable to Parent Company Owners | 1,728,443,143.60 | 1,704,130,790.65 | +1.43% | [Consolidated Income Statement](index=18&type=section&id=3.%20Consolidated%20Income%20Statement) In Q1 2020, total operating revenue decreased by **17.36%** to **321.97 million yuan**, while total operating costs fell by **14.27%**, resulting in a **57.58%** decline in net profit attributable to parent company owners to **24.20 million yuan** Consolidated Income Statement Key Data (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 321,973,199.09 | 389,626,955.48 | -17.36% | | Total Operating Costs | 292,018,809.00 | 340,640,802.92 | -14.27% | | Net Profit Attributable to Parent Company Owners | 24,196,492.89 | 57,036,347.20 | -57.58% | | Basic Earnings Per Share | 0.13 | 0.40 | -67.50% | [Consolidated Cash Flow Statement](index=23&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities was **-66.65 million yuan**, a larger outflow than the prior year, while net cash flow from investing activities narrowed by **51.42%** to **-172.97 million yuan**, with cash and equivalents at **486.61 million yuan** at period end Consolidated Cash Flow Statement Key Data (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -66,653,409.68 | -34,339,382.14 | | Net Cash Flow from Investing Activities | -172,970,818.11 | -356,066,969.22 | | Net Cash Flow from Financing Activities | 0.00 | 9,984.61 | | Cash and Cash Equivalents at Period End | 486,614,181.17 | 282,989,047.46 |