Xinhua Winshare Publishing and Media : Annual Results Announcement for The Year Ended 31 December 2021

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XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 811)

ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

The board (the "Board") of directors (the "Director(s)") of Xinhua Winshare Publishing and Media Co., Ltd.* (the "Company") is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively, the "Group") for the year ended 31 December 2021 (the "Year" or "Reporting Period").

CONSOLIDATED BALANCE SHEET 31 DECEMBER 2021

RMB

Item	Notes	31 December 2021	31 December 2020
Current Assets:
Cash and bank balances	5	6,040,029,278.72	5,785,974,800.85
Held-for-trading financial assets	20,945.15	6,510,463.20
Notes receivable	10,545,962.27	4,344,936.39
Accounts receivable	6	1,555,884,147.93	1,586,906,258.90
Financing receivables	5,132,438.00	6,201,191.14
Prepayments	79,323,179.35	77,465,227.71
Other receivables	101,641,043.44	103,776,291.44
Inventories	7	2,742,158,426.84	2,130,621,634.21
Contract assets	34,660,471.53	-
Non-current assets due within one year	172,294,518.11	181,722,570.04
Other current assets	8	502,276,759.44	86,231,460.17
Total Current Assets	11,243,967,170.78	9,969,754,834.05
1

Item	Notes	31 December 2021	31 December 2020
Non-current Assets:
Long-term receivables	9	143,479,125.91	313,418,082.51
Long-term equity investments	10	754,803,876.08	717,889,546.28
Other equity instrument investments	11	1,608,071,463.87	1,446,798,951.64
Other non-current financial assets	12	723,047,595.79	680,880,618.26
Investment properties	82,653,580.43	86,104,385.12
Fixed assets	13	2,014,782,433.12	2,009,270,646.85
Construction in progress	144,794,764.90	37,670,169.58
Right-of-use assets	345,014,851.31	447,482,542.47
Intangible assets	379,475,191.25	355,813,424.01
Development cost	2,561,158.72	18,870,289.43
Goodwill	14	500,571,581.14	500,571,581.14
Long-term prepaid expenses	15,260,900.36	12,194,296.86
Deferred tax assets	23,931,737.96	21,183,296.95
Other non-current assets	15	791,530,359.26	350,933,345.43
Total Non-current Assets	7,529,978,620.10	6,999,081,176.53
TOTAL ASSETS	18,773,945,790.88	16,968,836,010.58
Current Liabilities:
Notes payable	45,285,599.60	45,838,225.28
Accounts payable	16	5,406,581,179.99	4,550,158,695.76
Contract liabilities	17	542,086,414.16	442,825,006.30
Employee benefits payable	594,173,428.34	472,779,571.05
Taxes payable	62,425,209.54	64,081,630.88
Other payables	18	386,886,795.47	655,979,050.64
Non-current liabilities due within one year	101,706,168.70	103,865,186.60
Other current liabilities	201,498,906.04	176,472,136.88
Total Current Liabilities	7,340,643,701.84	6,511,999,503.39
2

Item	Notes	31 December 2021	31 December 2020
Non-current Liabilities:
Lease liabilities	259,594,365.23	357,266,005.19
Deferred income	31,146,881.78	45,644,566.05
Deferred tax liabilities	32,872,282.61	25,775,918.61
Total Non-current Liabilities	323,613,529.62	428,686,489.85
TOTAL LIABILITIES	7,664,257,231.46	6,940,685,993.24
Shareholders' Equity:
Share capital	19	1,233,841,000.00	1,233,841,000.00
Capital reserve	2,572,524,766.32	2,572,524,766.32
Other comprehensive income	27	1,178,842,757.57	1,016,266,307.50
Surplus reserve	1,009,210,479.29	897,647,684.81
Retained profits	20	5,227,141,020.57	4,416,564,721.94
Total Shareholder's Equity Attributable
to Equity Holders of the Parent	11,221,560,023.75	10,136,844,480.57
Non-controlling Interests	(111,871,464.33)	(108,694,463.23)
TOTAL SHAREHOLDERS' EQUITY	11,109,688,559.42	10,028,150,017.34
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY	18,773,945,790.88	16,968,836,010.58
3

CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

RMB

Item

Notes

Amount recognized in the current year

Amount recognized in the prior year

I.

Operating income Less: Operating costs

Taxes and levies

• Selling expenses 1,121,009,338.73 1,184,329,784.17

• Administrative expenses 1,453,389,763.05 1,204,845,480.50

Research and development expenditure Finance expenses

Including: Interest expenses

Interest income

Add: Other income

Investment income

Including: Income from investments in associates and joint ventures

Gains from changes in fair valuesGain (loss) on credit impairment (132,054,924.22) (144,517,397.58)Gain (loss) on asset impairment

Gains from disposal of assets II. Operating profit

Add: Non-operating income Less: Non-operating expenses

III.

Total profit

Less: Income tax expenses

21 21

• 10,460,363,983.51 9,008,056,554.27

• 6,646,716,822.70 5,453,686,898.97

46,699,627.72

3,793,741.38 (80,383,936.21)

49,186,093.62

3,038,699.13 (45,819,600.44)

19,487,842.59 22,163,954.57

109,754,708.81 78,064,013.41

22 23

81,146,478.58 91,859,820.38

112,091,963.82 169,637,327.24

44,348,654.80 67,083,656.84

24

71,685,949.54 101,627,007.34

(48,395,369.07) (68,594,494.90)

2,015,713.48 1,355,628,438.27

255,029.19 1,309,056,489.99

4,369,008.12 20,438,948.12

51,263,372.53 78,329,940.29

26

1,308,734,073.86 5,452,811.98

1,251,165,497.82 8,170,550.61

Item

Notes

Amount recognized in the current year

Amount recognized in the prior year

• IV. Net profit 1,303,281,261.88 1,242,994,947.21

  (I)Categorized by the nature of continuing operations

  1. Net profit from continuing

• operations 1,303,281,261.88 1,242,994,947.21

  (II) Categorized by ownership:

  • 1. Net profit attributable to

• shareholders of the parent 1,305,941,469.01 1,262,778,545.44

• 2. Profit or loss attributable to non-

controlling interests

V.

Other comprehensive income, net of tax Other comprehensive income attributable to shareholders of the parent, net of tax

(I)Other comprehensive income not reclassified to profit or loss

1. Changes in fair value of other equity instrument investments

(2,660,207.13)

(19,783,598.23)

27 27 27 27

161,264,784.17 36,968,447.67

161,264,784.17 36,968,447.67

161,264,784.17 36,968,447.67

161,264,784.17 36,968,447.67

• VI. Total comprehensive income 1,464,546,046.05 1,279,963,394.88 Total comprehensive income attributable

• to shareholders of the parent 1,467,206,253.18 1,299,746,993.11

Total comprehensive income attributable

to non-controlling interests VII. Earnings per share:

• (I) Basic earnings per share

• (II) Diluted earnings per share

(2,660,207.13)

(19,783,598.23)

28

1.06 N/A

1.02 N/A