In the first half of 2017, Dahan Culture's revenue was 17.33 million yuan, and a net income of 290,000 yuan was made

According to the news on August 28, Dahan Culture (838095) recently released the first half of 2017 report, as of June 30, 2017, the operating income in the first half of 2017 was 17.3325 million yuan, an increase of 39.59% over the same period of the previous year; the net profit attributable to the shareholders of the listed company was 288,800 yuan, down 14.19% from the same period of the previous year; and the basic earnings per share was 0.03 yuan, compared with 0.03 yuan in the same period of the previous year.

As of June 30, 2017, Dahan Cultural Assets totaled RMB31.4098 million, down 1.31% from the end of the previous year. The asset-liability ratio was 49.81%, down 1.57 percentage points from 51.38% at the end of the previous year. Net cash flow from operating activities was -8.8361 million yuan for the current period, compared with -3.018 million yuan in the same period last year.

During the reporting period, Dahan Culture achieved operating income of 17.3325 million yuan, an increase of 39.59% over the same period of the previous year, mainly because Dahan Culture relied on the supply capacity and service level accumulated over the years, had a good reputation in the industry, maintained a good relationship with old customers, and actively developed new customers, resulting in an increase in the probability of winning the bid.

According to the data of the New Third Board Research Institute, the main business of Dahan Culture is the distribution of books and audio-visual products (including book cooperative publishing and distribution business, library distribution services, wholesale and retail of books and audio-visual products), library outsourcing services, electronic resource databases and the sales of supporting software and hardware.