H&R(SZ:000892)2022-07-27 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥358,562,665.47, representing a 481.64% increase compared to ¥61,646,354.78 in the same period last year[20]. - Net profit attributable to shareholders for the reporting period was ¥29,660,673.60, up 161.31% from ¥11,350,800.42 year-on-year[20]. - The net profit after deducting non-recurring gains and losses reached ¥75,944,473.37, a significant increase of 672.47% compared to ¥9,831,324.38 in the previous year[20]. - The net cash flow from operating activities was ¥66,102,774.69, a turnaround from a negative cash flow of -¥55,814,261.26 in the same period last year, marking a 218.43% improvement[20]. - Basic earnings per share increased to ¥0.0306, reflecting a growth of 163.79% from ¥0.0116 in the previous year[20]. - Total assets at the end of the reporting period were ¥2,544,941,982.26, a 7.05% increase from ¥2,377,434,371.93 at the end of the previous year[20]. - The company achieved operating revenue of CNY 358,562,665.47, an increase of 481.64% year-on-year[27]. - Operating profit reached CNY 52,735,476.53, up 442.15% compared to the same period last year[27]. - The company reported a net loss of CNY 578,920,387.21 for the first half of 2022, an improvement from a loss of CNY 608,581,060.81 in the same period of 2021[128]. - The company's net profit for the first half of 2022 was CNY 31,319,109.87, compared to CNY 11,350,800.42 in the same period of 2021, representing an increase of approximately 175.5%[133]. Revenue Sources - The sales revenue from film and television increased by 3,848.09% year-on-year, primarily due to an increase in the number of confirmed revenue-generating projects[27]. - The revenue from film and television and related products amounted to ¥307,919,610.77, representing 85.88% of total revenue, with a staggering increase of 3,848.09% compared to ¥7,799,208.73 last year[37]. - The top two revenue-generating projects were the TV series "South Wind Knows My Intent" with 150,943,396.23 CNY (42.10%) and "Mountains and Rivers Bright" with 136,800,943.39 CNY (38.15%) of total revenue[40]. Costs and Expenses - The operating cost rose to ¥228,433,137.12, reflecting a 923.68% increase from ¥22,314,913.24, primarily due to the increase in new television series sales[36]. - Research and development expenses increased to ¥560,742.56, indicating a 100% rise due to increased outsourcing of R&D[36]. - The company reported a significant increase in management expenses, which rose to CNY 29,338,252.36 from CNY 23,660,130.80 year-over-year[133]. - The company experienced a credit impairment loss of CNY -32,121,185.86 in the first half of 2022, a notable change from a gain of CNY 45,113,877.98 in the previous year[133]. Assets and Liabilities - Total liabilities increased to CNY 1,020,187,429.69 from CNY 883,998,929.23, reflecting a rise of about 15.4%[127]. - The company's equity attributable to shareholders was CNY 1,529,624,800.73 as of June 30, 2022, compared to CNY 1,499,964,127.13 at the beginning of the year, showing an increase of approximately 2%[128]. - Accounts receivable increased to CNY 442,682,883.14 as of June 30, 2022, up from CNY 242,175,680.14 at the start of the year, marking an increase of about 83%[126]. - The company's inventory decreased to 867,382,051.12 CNY, accounting for 34.08% of total assets, down from 1,064,015,699.43 CNY (44.75%) in the previous year[44]. Corporate Governance and Structure - The company is focusing on optimizing its governance structure and internal controls to enhance operational efficiency and collaboration across departments[29]. - There were changes in the board of directors, with new appointments including Zhao Huqiang as a director and vice chairman[65]. - The company has established a long-term commitment to avoid any form of competition with its subsidiaries and ensure operational independence[73]. - The company will ensure that any related party transactions are fair and reasonable, adhering to legal procedures and disclosure obligations[76]. Legal and Compliance Issues - As of June 30, 2022, the company is involved in 704 lawsuits related to false statements, with a total claim amount of 146.73 million yuan, and has recognized a provision for pending litigation of 56.41 million yuan[61]. - The company is currently involved in multiple lawsuits, including a copyright infringement case with a claim amount of 612.3 million CNY, which is still under trial[88]. - The company has ongoing litigation related to a contract dispute with Beijing Shouchuang Langyuan Cultural Development Co., with a claim amount of 112.76 million CNY, also in trial[88]. Social Responsibility and Community Engagement - A total of 4 million yuan has been spent on disaster relief and reconstruction efforts in Henan Province, benefiting 30 schools through the "Water Drop Rural Medical Room" initiative[70]. - The "Water Drop Rural Medical Room" initiative aims to enhance basic medical services and health education for children in rural areas, contributing to the health of the community[70]. - The company has engaged in social responsibility initiatives, focusing on disaster relief and community health[70]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[69]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[69]. - The company has not reported any significant environmental issues or penalties affecting its operations[69]. Financial Reporting and Audit - The semi-annual financial report was not audited[83]. - The financial statements accurately reflect the company's financial position and operating results as of June 30, 2022[162]. - The financial statements were approved by the board of directors on July 26, 2022, ensuring compliance with governance standards[158].