On July 23rd, Gelunhui announced its semi-annual performance report. During the reporting period, the company operated steadily, achieving a total operating income of CNY 4.529 billion, a YoY increase of 4.77%; achieving an operating profit of CNY 0.527 billion, a YoY increase of 6.04%; realizing a total profit of CNY 0.528 billion, a YoY increase of 6.81%; net income attributable to shareholders of the listed company was CNY 0.354 billion, a YoY decrease of 25.04%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was CNY 0.341 billion, a YoY decrease of 25.33%. Basic earnings per share were CNY 0.35, a YoY decrease of 23.91%; weighted average return on net assets was 3.25%, a YoY decrease of 1.52 percentage points.
According to the announcement of the Ministry of Finance, the State Administration of Taxation, and the Central Propaganda Department on the tax policies regarding cultural enterprises that have been transformed from non-profit cultural institutions to enterprises as part of the cultural system reform (No. 71 of 2023), starting from January 1, 2024, the publishing and book distribution units belonging to the company will no longer be exempted from enterprise income tax, resulting in a decrease in the company's net income and other related financial data.