DZCM(603999)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥452.59 million, representing a 20.85% increase compared to ¥374.52 million in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥28.01 million, a 6.19% increase from ¥26.38 million in the previous year[23]. - The basic earnings per share for the first half of 2021 was ¥0.049, up 6.52% from ¥0.046 in the same period last year[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥20.07 million, a 7.85% increase from ¥18.61 million in the same period last year[23]. - The company achieved total revenue of 452 million yuan, representing a year-on-year growth of 20.85%[33]. - The profit for the first half of the year was 28.01 million yuan, an increase of 6.19% compared to the same period last year[33]. - The total profit for the first half of 2021 was ¥28,050,182.87, up from ¥26,693,380.67, marking a growth of 5.1%[94]. - The company reported a net loss of CNY 19,993,500.00 for the first half of 2021, reflecting a significant decline in profitability[112]. Cash Flow and Assets - The net cash flow from operating activities decreased by 53.75% to approximately ¥30.62 million, down from ¥66.20 million in the previous year[23]. - The company's cash and cash equivalents at the end of the period were ¥654,691,987.11, a decrease of 8.97% from ¥719,229,407.21[44]. - The total assets at the end of the reporting period were approximately ¥2.21 billion, an increase of 3.24% from ¥2.14 billion at the end of the previous year[23]. - The company's cash inflow from sales of goods and services was CNY 361,331,622.14, a slight decline from CNY 367,407,991.47 in the first half of 2020[100]. - The company reported a net decrease in cash and cash equivalents of CNY 68,023,228.32, compared to a decrease of CNY 11,861,503.44 in the first half of 2020[101]. - The total assets of the company were CNY 1,701,248,647.39 at the end of the first half of 2021[113]. Liabilities and Equity - The total liabilities rose to CNY 419,821,316.17, compared to CNY 356,067,079.99, indicating an increase of about 17.9%[91]. - Owner's equity reached CNY 1,786,648,942.86, up from CNY 1,781,096,875.62, showing a slight increase of approximately 0.3%[86]. - The company's total equity at the end of the reporting period is CNY 1,752,293,308.23, with a capital stock of CNY 576,000,000.00 and a capital reserve of CNY 243,593,043.99[120]. - The company reported a comprehensive income of CNY 24,910,219.95 during the period[120]. Operational Highlights - The company published a total of 24.26 million books, with a year-on-year growth of 35%[34]. - The periodical business published 11 types of journals, with a cumulative issuance of 34.33 million copies, reflecting a year-on-year growth of 4.25%[34]. - The company printed and issued 1.646 million copies of 139 types of textbooks and teaching aids, achieving a total value of 121 million yuan[35]. - The "Reader" brand has accumulated a total issuance of 2.1 billion copies since its inception in 1981, significantly enhancing its brand influence[31]. - The "Reader" subscription on the Learning Power platform exceeded 40 million, greatly increasing its social impact[37]. - The official WeChat account of "Reader" reached 6.26 million followers, enhancing its media presence[37]. Risks and Challenges - There were no significant risks that materially affected the company's production and operations during the reporting period[9]. - The company faced risks due to the ongoing COVID-19 pandemic, impacting the publishing and distribution market, alongside rising production costs and increased channel maintenance expenses[52]. Strategic Initiatives - The company aims to enhance its brand value by extending the "Reader" brand into new business areas beyond publishing[39]. - Reader Media invested CNY 120,000 in three poverty alleviation projects in the first half of 2021, with CNY 80,000 allocated for infrastructure and CNY 20,000 for training[60]. - The company continues to support rural development initiatives, aligning with national strategies for rural revitalization[60]. - The company is focusing on improving living environments through projects like rural beautification and cultural signage[62]. Compliance and Governance - The company maintained good integrity status, with no instances of failing to repay large debts or fulfill commitments during the reporting period[69]. - The company has not received any penalties or public reprimands from the stock exchange, reflecting its compliance with regulations[69]. - The company has a commitment from Reader Group to compensate for any losses incurred due to property rights disputes affecting the company's lease[66]. Future Outlook - Future strategies include potential market expansion and product development initiatives to drive growth[111]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[114]. - Future guidance indicates a cautious outlook due to market uncertainties and competitive pressures[114].