Chinese Media(SH:600373)2023-04-18 16:00Financial Performance - The company's operating revenue for 2022 was CNY 10,236,379,917.32, a decrease of 4.46% compared to 2021[16]. - Net profit attributable to shareholders for 2022 was CNY 1,930,338,131.12, down 5.53% from the previous year[16]. - The net profit after deducting non-recurring gains and losses increased by 35.48% to CNY 1,731,901,151.33 in 2022[16]. - The net cash flow from operating activities rose by 15.52% to CNY 2,083,950,093.52[16]. - The total assets at the end of 2022 were CNY 28,730,992,292.05, an increase of 8.14% from 2021[16]. - Basic earnings per share for 2022 were CNY 1.42, a decrease of 5.96% compared to 2021[17]. - The weighted average return on equity decreased by 1.60 percentage points to 11.43% in 2022[17]. - The company reported non-recurring gains of CNY 198,436,979.79 for the year, primarily from asset disposals[20]. - The company achieved a net profit attributable to shareholders of 1.93 billion RMB, a year-on-year decrease of 5.53%, while the net profit after deducting non-recurring gains and losses increased by 35.48% to 1.73 billion RMB[23]. - Total operating revenue for the year was 10.24 billion RMB, down 4.46% year-on-year, with net cash flow from operating activities increasing by 15.52% to 2.08 billion RMB[23]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 7.50 per 10 shares, totaling approximately RMB 1,016,297,789.25, which accounts for 52.65% of the net profit attributable to shareholders for the year[2]. - The total share capital of the company is 1,355,063,719 shares as of the announcement date[2]. - The cash dividend policy complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[131]. - The total share capital as of the announcement date is 1,355,063,719 shares, which will be used as the basis for the dividend distribution[131]. Audit and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[2]. - The company has confirmed that there are no issues with the authenticity, accuracy, and completeness of the annual report[3]. - The internal control audit report issued by DaXin Accounting Firm confirmed the effectiveness of the company's internal controls during the reporting period[138]. - The company has not reported any significant deficiencies in internal control over its subsidiaries during the reporting period[137]. - The company has not reported any performance commitments that affect goodwill impairment testing during the reporting period[158]. Business Operations and Strategy - The company plans to continue expanding its market presence and investing in new technologies[19]. - The company is actively exploring mixed-ownership reform, successfully introducing qualified investors such as Dongzheng Venture Capital and Shenwan Hongyuan[26]. - The company aims to enhance its internal control system, transitioning from a 1.0 version to a 3.0 version focused on comprehensive risk management[26]. - The company is committed to building a reading service system that integrates online and offline resources, attracting nearly 100,000 visitors during the National Day holiday[27]. - The company is involved in various business segments, including traditional publishing, supply chain, and new media, reflecting a comprehensive industry chain approach[30]. Market Performance and Shareholder Information - The company maintained a market share of 2.98% in the retail market, with online sales share at 3.25%, showing a slight increase year-on-year[24]. - The company achieved 431 copyright exports in 2022, covering 32 languages and 35 countries and regions, marking a significant international publishing achievement[25]. - The company has established a stable profit distribution policy, with a cumulative cash dividend of 5.014 billion yuan since its restructuring and listing in 2010[27]. - The total number of ordinary shareholders as of the end of the reporting period is 34,882, an increase from 31,010 at the end of the previous month[181]. - The largest shareholder, Jiangxi Publishing Media Group Co., Ltd., holds 755,541,032 shares, representing 55.76% of the total shares[183]. Social Responsibility and Environmental Initiatives - The company has invested RMB 51.02 million in environmental protection during the reporting period[140]. - The company has made a total donation of RMB 1,795.01 million, benefiting 124,460 people[145]. - Total investment in poverty alleviation and rural revitalization projects amounted to 6.01 million yuan, benefiting 36,806 people[147]. - The company allocated over 6 million yuan in total for poverty alleviation funds and industrial project investments in 2022[148]. Future Outlook and Growth Plans - The company expects total revenue for 2023 to be between 10 billion and 11 billion CNY, with operating costs projected between 6 billion and 7 billion CNY[78]. - The company aims to enhance its market competitiveness by focusing on high-quality publishing projects related to significant national themes and local cultural characteristics[78]. - The company plans to strengthen brand development by expanding competitive product lines and enhancing international market influence through strategic partnerships[78]. - The company is committed to digital transformation, emphasizing the development of digital platforms and the integration of traditional publishing with new technologies[79]. - The company is focusing on digital economy strategies and resource integration to create new growth points amid industry downturns[82]. Governance and Management - The company held 2 shareholder meetings and 9 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[86]. - The company’s board approved the issuance of short-term financing bonds as part of its financial strategy[117]. - The company has established specialized committees, including an audit committee and a nomination committee, to enhance governance[122]. - The company follows a salary policy based on job roles, performance, and market competitiveness to attract and retain talent[129]. - The company has a total of 442 employees with master's degrees or higher, and 2,511 with bachelor's degrees[128].