Summary of Key Points Core Viewpoint - The company, Duoke Culture, has completed a share reduction plan by its controlling shareholder and related parties, which has resulted in a decrease in their total shareholding percentage. Group 1: Share Reduction Announcement - Duoke Culture announced on May 9 that its controlling shareholder, Huanan, and related party, Ningbo Duoke Enterprise Management Partnership, reduced their shareholding by 3,051,194 shares, representing 0.76% of the total share capital [1][2] - The total shares reduced by Duoke Enterprise amounted to 11,190,894 shares, which is within the planned reduction limit of 11,208,663 shares, or 2.80% of the total share capital [2][3] Group 2: Financial Performance - In 2024, Duoke Culture reported a revenue of 406 million yuan, a decrease of 6.61% year-on-year, while achieving a net profit of 14.71 million yuan, a significant turnaround from a loss in the previous year [4][5] - The company’s cash flow from operating activities for 2024 was 146.20 million yuan, compared to a negative cash flow of 1.39 million yuan in the previous year, indicating a substantial improvement [5][6] Group 3: Recent Developments - In the first quarter of 2025, Duoke Culture's revenue was 85.26 million yuan, down 9.60% year-on-year, with a net profit of 0.66 million yuan, a decline of 83.76% compared to the same period last year [6] - The company terminated its plan to issue convertible bonds intended to raise up to 300 million yuan for copyright library construction on February 18, 2025 [6][7]
读客文化实控人方近80天减持1119万股 套现1.03亿元