2025 Annual Financial Settlement Report
Huansheng Century United Co., Ltd. (hereinafter referred to as "the Company") has had its consolidated and parent company balance sheets as of December 31, 2025, consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in equity, and notes to the financial statements audited by Lixin Zhonglian Accounting Firm (Special General Partnership), which issued a standard unqualified audit opinion in Audit Report No. Lixin Zhonglian Audit [2026] D-1616.
I. Consolidated Financial Statements
Scope of Consolidation
During the reporting period, the Company added a wholly-owned subsidiary, Nanjing Xinglian Shijie Information Technology Co., Ltd., and included 55 companies such as FLEXMARK PTE. LTD., Jiangxi Xinglian Information Technology Co., Ltd., Jiangxi Ganjiang New District Huansheng Cultural Media Partnership (Limited Partnership), Tianjin Shijian Friends Cultural Media Co., Ltd., Beijing Xingxuan Technology Co., Ltd., and Beijing Xingsui Technology Co., Ltd. into the consolidation scope.
II. Operating Results, Financial Position, and Cash Flow
(1) Operating Results for 2025
Unit: CNY
| Item | 2025 | 2024 | Change (%) |
|---|---|---|---|
| Operating Revenue | 526,677,275.03 | 384,875,816.62 | 36.84 |
| Operating Profit | -207,756,056.95 | -243,681,779.47 | 14.74 |
| Total Profit | -200,883,543.88 | -255,416,310.79 | 21.35 |
| Net Profit Attributable to Shareholders | -252,279,741.17 | -241,108,403.54 | -4.63 |
| Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains and Losses) | -505,192,887.29 | -220,368,913.78 | -129.25 |
During the reporting period, the Company's revenue from film and television sales increased by 48.69% compared to the same period last year, and the income from artist management increased by 20.88%, resulting in a 36.84% rise in operating revenue compared to last year. The main reason for the negative total profit was the provision for inventory impairment related to film and television projects and losses during the investment period.