Tianyu Group(SZ:002354) Zheng Quan Ri Bao·2025-10-29 00:17Core Viewpoint - The company has released its third-quarter financial report, highlighting significant changes in various financial metrics and governance updates, including a board restructuring and amendments to company regulations [3][4][9]. Financial Data Summary - The company reported a 100% increase in accounts receivable financing compared to the beginning of the period, primarily due to the receipt of bank acceptance bills [4]. - Prepayments increased by 184.25%, attributed to tightened credit for media-related data flow business [4]. - Other receivables rose by 141.67%, mainly due to increased stock price payments and deposits [5]. - Short-term borrowings surged by 708%, driven by increased loans for data flow business [5]. - Sales expenses increased by 37.27% due to heightened sales efforts in data flow business [5]. - Financial expenses saw a dramatic rise of 384.19%, linked to increased interest expenses from short-term borrowings [5]. - The net cash flow from operating activities increased by 507.74%, primarily due to a reduction in cash paid for purchases [5]. Governance and Structural Changes - The company completed a board restructuring, electing He Han as the chairman and general manager of the seventh board [9]. - Amendments to the company’s articles of association were approved to enhance corporate governance [9]. - The company revised several internal regulations, including rules for shareholder meetings and board meetings [9]. Shareholder Information - As of the report date, Dalian Tian Shen Entertainment Co., Ltd. holds 72,476,955 shares, accounting for 4.38% of the total share capital [7].