时代出版(600551) - 2023 Q4 - 年度财报

Accounts Receivable and Bad Debt Provisions - The total accounts receivable at the end of the period amounted to ¥988,489,329.81, a decrease from ¥1,037,728,915.45 at the beginning of the period, representing a reduction of approximately 4.7%[5] - The bad debt provision for accounts receivable was set at ¥136,566,368.79, which corresponds to a provision ratio of 43.29%[8] - The company reported a significant increase in the bad debt provision for receivables aged 2-3 years, with a provision ratio of 86.95%[8] - The provision for bad debts for receivables aged 1 year or less was set at ¥5,336,268.75, with a provision ratio of 3.31%[8] - The company has reported a total of ¥283,618,751.13 in receivables with a bad debt provision of ¥5,672,375.02, maintaining a provision ratio of 2.00%[11] - The company has not reported any significant changes in the accounting value of receivables during the reporting period[16] - The company has not recognized any significant recoveries or reversals of bad debt provisions during the reporting period[14] Other Receivables and Prepayments - The total amount of other receivables decreased from ¥64,429,722.19 to ¥41,017,664.53, reflecting a decline of approximately 36.4%[24] - The company has a total of ¥509,138,354.24 in prepayments, which accounts for 72.91% of the total prepayment balance[27] - The total balance of other receivables at the end of the period is CNY 88,859,529.28, down from CNY 143,197,266.06 at the beginning of the period, representing a decrease of approximately 38.0%[34] - The balance of prepayments decreased from CNY 49,606,304.31 to CNY 23,614,143.46, a decline of about 52.4%[34] - The company wrote off CNY 24,000,200.00 in other receivables due to uncollectibility during the period[37] Inventory and Fixed Assets - The total inventory at the end of the period is CNY 341,629,202.91, an increase from CNY 303,210,384.68 at the beginning of the period, reflecting a growth of approximately 12.7%[40] - The total book value of fixed assets at the end of the period was CNY 11,518,809.94, down from CNY 12,752,571.84 at the beginning of the period[79] - Fixed assets increased from CNY 488,209,206.41 at the beginning of the period to CNY 563,951,422.23 at the end, representing a growth of approximately 15.5%[139] - The total value of fixed assets at the end of the period reached CNY 1,355,700,411.89, up from CNY 1,237,179,743.34 at the beginning, indicating an increase of about 9.5%[139] - The impairment provision for fixed assets increased to CNY 27,246,495.52 at the end of the period, up from CNY 25,183,838.62 at the beginning, marking an increase of about 8.2%[141] - The accumulated depreciation for fixed assets increased by CNY 79,028,471.50 during the period, resulting in a total of CNY 723,786,698.31[141] Financial Assets and Liabilities - The balance of short-term large-denomination certificates of deposit increased to CNY 236,441,002.05 from CNY 144,192,632.11, marking an increase of approximately 64.1%[51] - The company has a total of CNY 99,738,461.64 in debt investments due within one year, with no impairment provisions reported[47] - The total amount of debt investments due within one year showed a negative balance of CNY -99,738,461.64, down from CNY -372,581,051.20 at the beginning of the period[69] - The total amount of large certificates of deposit at the end of the period was CNY 311,000,000.00, with a total overdue principal of CNY 433,000,000.00[70] - The total amount of non-current financial assets is CNY 690,983,968.25, down from CNY 764,057,674.55, which is a decrease of about 9.6%[136] - The carrying value of investment properties at the end of the period is CNY 222,358,215.49, down from CNY 276,245,230.35 at the beginning, representing a decline of approximately 19.5%[136] Cash Flow and Operating Activities - The total cash flow from operating activities for the current period is ¥326,539,698.31, a decrease from ¥621,548,185.21 in the previous period[162] - The company reported a net increase in cash and cash equivalents of ¥895,353,990.80, compared to a net increase of ¥155,531,545.58 in the previous period[162] - The total amount of financial products received during the current period is ¥1,065,000,000.00, an increase from ¥792,509,300.38 in the previous period, representing a growth of approximately 34.4%[157] - The total amount of cash and cash equivalents at the end of the period was 115,006,153.73 RMB, compared to 131,348,359.28 RMB at the beginning of the period[94] - The cash balance at the end of the current period is ¥3,061,652,252.39, compared to ¥2,166,298,261.59 at the end of the previous period, showing a significant increase[162] Government Subsidies and Other Income - Government subsidies increased to CNY 78,230,046.37 at the end of the period, up from CNY 76,759,587.90 at the beginning, reflecting an increase of about 1.9%[125] - The company reported a non-operating income of CNY 2,974,509.66 for the current period, compared to CNY 2,840,923.57 in the previous period, reflecting an increase of approximately 4.7%[151] - The company recognized investment losses of CNY -528,686.16 from equity method investments during the period[129] - The company reported a total of CNY 503,000.00 in government subsidies related to activities not associated with its daily operations[151] Liabilities and Risk Management - The total amount of employee compensation payable at the end of 2023 was 133,347,762.96 RMB, reflecting an increase due to unpaid performance bonuses[105] - The total other payables at the end of 2023 amounted to 220,104,107.37 RMB, compared to 209,623,817.67 RMB at the beginning of the period[108] - The balance of accounts payable at the end of 2023 increased compared to the end of 2022, mainly due to the increase in unpaid goods[100] - The company has not applied hedge accounting in the current period[193] - The company has not made any changes to valuation techniques during the reporting period[196] - The fair value measurement of assets and liabilities is applicable as per the annual report[197] Revenue and Expenses - Research and development expenses for the current period amount to ¥36,318,853.15, up from ¥33,223,819.59 in the previous period, reflecting an increase of approximately 6.3%[171] - The company incurred advertising expenses of ¥14,893,826.31 in the current period, down from ¥22,452,936.21 in the previous period, indicating a decrease of about 33.9%[155] - The total amount of other operating expenses is ¥53,146,750.40, down from ¥87,831,352.93 in the previous period, indicating a decrease of approximately 39.5%[156] - The company has reported a significant increase in service fees, totaling ¥13,328,190.81 in the current period, compared to ¥10,589,629.93 in the previous period, reflecting a growth of about 25.3%[156] Company Performance - 安徽新华印刷的营业收入为480,685,455.26元，净利润为18,518,812.13元[179] - 芜湖新华印务的营业收入为74,765,461.28元，净利润为8,995,820.75元[179] - 华丰印务的营业收入为57,158,665.18元，净利润为1,316,342.50元[179] - 上海研发中心的营业收入为15,156,111.21元，净利润为2,903,436.58元[179]