Thinkingdom Media (SH:603096)2023-04-27 16:00Financial Performance - The net profit attributable to shareholders for the year ended December 31, 2022, was CNY 136,950,321.84, while the parent company achieved a net profit of CNY 157,148,720.51[6]. - Basic earnings per share for 2022 increased by 5.00% to CNY 0.84 compared to CNY 0.80 in 2021[23]. - The weighted average return on net assets for 2022 was 7.04%, an increase of 0.31 percentage points from 6.73% in 2021[23]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of CNY 0.77, up 5.48% from CNY 0.73 in 2021[23]. - The company achieved an operating revenue of RMB 937,535,057.95 in 2022, representing a year-on-year increase of 1.72%[24]. - The net profit attributable to shareholders was RMB 136,950,321.84, up 4.82% from the previous year[24]. - The net profit after deducting non-recurring gains and losses was RMB 124,749,106.53, reflecting a growth of 5.85%[24]. - The company’s cash flow from operating activities was RMB 194,349,147.67, an increase of 5.94% compared to 2021[24]. - By the end of 2022, the net assets attributable to shareholders reached RMB 1,971,342,522.60, a rise of 2.59% from the end of 2021[24]. - The total assets amounted to RMB 2,201,874,482.40, showing a slight increase of 0.61% year-on-year[24]. Dividend Policy - The proposed cash dividend for 2022 is CNY 8 per 10 shares (including tax), with no bonus shares or capital reserve conversion into shares planned[6]. - The company plans to maintain the cash dividend amount per share even if there are changes in total share capital before the dividend distribution date[6]. - The company’s total distributable profit available for shareholders was CNY 877,320,183.90 as of December 31, 2022[6]. - The company plans to distribute a cash dividend of 8.00 CNY (including tax) for every 10 shares, totaling 126,745,619.20 CNY, which represents 92.55% of the net profit attributable to shareholders for 2022[139]. - The company has a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[141]. - The company will continue to focus on stable and active profit distribution policies, with plans to discuss a three-year shareholder return plan at the upcoming shareholder meeting[140]. - The company has not made any adjustments to its cash dividend policy during 2022[140]. Revenue Breakdown - The company’s domestic book planning and publishing business generated RMB 80,550.50 million in revenue, a decrease of 2.74% from the previous year[32]. - The digital content business, including audiobooks and e-books, reported revenue of RMB 2,750.74 million, marking a growth of 17.48%[34]. - The overseas business achieved revenue of RMB 8,802.95 million, reflecting a significant increase of 28.93% year-on-year[37]. - Domestic book planning and publishing business generated revenue of CNY 805.50 million, a decrease of 2.74% compared to the previous year, while overseas business revenue increased by 28.93% to CNY 88.03 million[52]. - The company achieved a total revenue of CNY 937.54 million in the reporting period, representing a year-on-year growth of 1.72%[48]. Operating Costs and Expenses - The company's operating costs were CNY 479.13 million, with main business costs at CNY 477.43 million, down 1.32% year-on-year[52]. - The gross profit margin for the main business improved to 48.76%, an increase of 1.35 percentage points compared to the previous year[52]. - The company’s research and development expenses increased by 23.46% to CNY 11.58 million[49]. - The company’s sales expenses rose by 22.12% to CNY 163.31 million[49]. - The cost of domestic book planning and distribution was CNY 410,415,476.86, accounting for 85.96% of total costs, down from 90.37% last year[59]. Corporate Governance - The company held 3 shareholder meetings during the reporting period, ensuring all shareholders' rights to information, participation, and voting were upheld[101]. - The board of directors consists of 7 members, including 3 independent directors, and held 4 meetings during the reporting period, adhering to legal and regulatory requirements[103]. - The supervisory board comprises 3 members, including 1 employee supervisor, and convened 4 times, fulfilling its responsibilities to protect the rights of the company and its shareholders[104]. - The company strictly complied with information disclosure regulations, ensuring timely and fair access to significant information for all shareholders[105]. - A total of 17 governance and internal control systems were revised during the reporting period to enhance corporate governance[106]. - The company successfully completed the election of the fourth board of directors on February 23, 2023, following the expiration of the third board's term[103]. - The company has no significant differences in governance compared to regulatory requirements, ensuring independence from its controlling shareholder[106]. Risk Management - The company did not face any significant risks that could materially affect its operations during the reporting period[9]. - The company is committed to addressing risks related to external policy changes that may impact performance, while enhancing operational capabilities[94]. - The company will continue to monitor technological advancements and their implications for the industry, aiming to integrate new technologies into its business[96]. Social Responsibility - The company actively engages in social responsibility initiatives, as detailed in its 2022 Corporate Social Responsibility Report[153]. - The company made a total of 1.5552 million yuan in donations for public welfare projects, including 1.1097 million yuan in cash and 0.4454 million yuan in material donations[154]. Shareholder Information - The total number of ordinary shareholders reached 10,785 by the end of the reporting period, an increase from 10,136 at the end of the previous month[185]. - The largest shareholder, Chen Mingjun, holds 87,586,000 shares, representing 53.90% of the total shares, with 15,200,000 shares pledged[189]. - The second-largest shareholder, Chen Liping, holds 5,880,000 shares, accounting for 3.62% of the total shares, with 1,764,000 shares pledged[189]. - The company has not reported any changes in its total share capital or share structure during the reporting period[184]. Internal Control and Audit - The internal control audit report issued by Lixin Certified Public Accountants confirmed the effectiveness of the company's financial reporting internal controls as of December 31, 2022[148]. - The Audit Committee approved the 2022 annual report and the first quarter report with no dissenting opinions[125]. - The company has implemented measures to ensure the independence of its operations from its controlling shareholder, with no instances of non-operational fund occupation[102]. Future Outlook - The company has not provided any future performance guidance or outlook in the report[182].