Financial Performance - The company's operating revenue for the six months ended June 30, 2024, was RMB 5,787,816,275.71, representing an increase of 6.6% compared to RMB 5,427,547,628.27 for the same period in 2023[7]. - The net profit for the period was RMB 752,348,588.73, compared to RMB 788,911,442.79 for the same period last year, reflecting a decrease of about 4.6%[7]. - The net profit attributable to shareholders of the parent company was RMB 715,785,632.02, down from RMB 762,156,455.81, reflecting a decline of 6.1%[8]. - The total comprehensive income attributable to shareholders of the parent company was RMB 1,017,189,482.65, compared to RMB 1,062,549,393.62 in the previous year, indicating a decrease of 4.3%[8]. - The basic and diluted earnings per share were both RMB 0.58, down from RMB 0.62 in the same period last year[8]. - The total profit for the same period was RMB 848 million, reflecting a year-on-year increase of 5.83%[85]. - The company achieved a net profit of RMB 752 million, a year-on-year decrease of 4.63%, with a net profit attributable to shareholders of RMB 716 million, down 6.08%[114]. Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 21,892,348,982.94, slightly up from RMB 21,787,563,374.32 as of December 31, 2023[4]. - The total liabilities decreased to RMB 7,954,539,729.18 as of June 30, 2024, from RMB 8,373,407,203.21 at the end of 2023, indicating a reduction of approximately 5%[6]. - The total equity attributable to shareholders increased to RMB 13,558,038,269.29 as of June 30, 2024, compared to RMB 13,070,948,143.35 at the end of 2023, marking an increase of approximately 3.7%[6]. - The total amount of contract liabilities as of June 30, 2024, was RMB 555,919,065.44, down from RMB 607,861,828.48 at the end of 2023, reflecting a decline of approximately 8.5%[58]. - The company's total accounts payable as of June 30, 2024, was RMB 5,433,440,532.14, slightly decreasing from RMB 5,470,058,096.76 at the end of 2023, a reduction of about 0.7%[57]. Cash Flow and Investments - The company's cash and cash equivalents decreased to RMB 8,244,180,881.47 from RMB 9,117,663,825.52, a decline of about 9.6%[2]. - Cash flows from operating activities for the first half of 2024 amounted to RMB 379,837,357.10, compared to RMB 582,152,981.45 in the first half of 2023, representing a decline of 34.8%[9]. - The net cash flow from investing activities was RMB (734,143,481.92) for the first half of 2024, compared to RMB (92,831,524.90) in the same period of 2023, indicating a significant increase in cash outflow[9]. - The company reported a credit loss provision of RMB 25,933,364.59 for the period, with a reversal of RMB 1,472,401.19 and write-offs amounting to RMB 54,994.93[23]. - The company recognized an investment loss of RMB 751,252.81 from Xinhua Yingxuan, with a cumulative loss of RMB 16,870,254.07[41]. Revenue Segments - The publishing segment generated revenue of RMB 1,211,622,731.49, while the distribution segment contributed RMB 5,152,376,843.81, indicating a year-over-year increase of 6.8% and 6.8% respectively[73]. - The main business revenue from educational materials and aids is RMB 572 million, a decrease of 9.25% year-on-year, with a gross margin of 42.58%, an increase of 3.57 percentage points[94]. - The general books segment achieved main business revenue of RMB 497 million, an increase of 9.62% year-on-year, with a gross margin of 25.86%, an increase of 1.23 percentage points[97]. - The distribution segment achieved main business revenue of RMB 51.52 billion, an increase of 6.83% from RMB 48.23 billion in the same period last year[99]. Tax and Regulatory Matters - The company has been granted a five-year corporate income tax exemption for certain subsidiaries starting from January 1, 2019, under specific tax policies[13]. - The company’s corporate income tax payable as of June 30, 2024, was RMB 66,841,153.94, a substantial increase from RMB 6,070,260.69 at the end of 2023[61]. - The group continues to benefit from tax exemptions for property tax and urban land use tax for certain industries until June 30, 2023[15]. Future Plans and Strategies - The company plans to expand its market presence and invest in new technologies to drive future growth, although specific figures were not disclosed during the call[7]. - The company is focusing on high-quality development and digital transformation in the publishing industry, responding to changes in consumer reading habits and technology advancements[84]. - The company aims to develop new educational service scenarios and enhance online service platforms to create a new education service system under digitalization[127]. - The company will optimize logistics resource allocation and enhance supply chain service capabilities through automation and professional logistics systems[127]. Shareholder Matters - The board proposed an interim dividend of RMB 0.19 per share, totaling approximately RMB 234.43 million, subject to shareholder approval[131]. - The interim dividend will be paid by December 16, 2024, pending shareholder approval[132]. - The extraordinary general meeting will be held on October 16, 2024, in Chengdu, Sichuan Province[133].

证券代码：601811 证券简称：新华文轩 公告编号：2024-029 新华文轩出版传媒股份有限公司 关于 2024 年半年度募集资金存放与实际使用情况的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 新华文轩出版传媒股份有限公司（以下简称"公司"或"本公司"） 董事会依据中国证券监督管理委员会《上市公司监管指引第 2 号——上市 公司募集资金管理和使用的监管要求》及《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》的规定，编制了截至 2024 年 6 月 30 日止 公开发行 A 股股票募集资金存放与实际使用情况的专项报告。本报告已经 公司第五届董事会 2024 年第十次会议及第五届监事会 2024 年第四次会议 审议通过。现将截至 2024 年 6 月 30 日止募集资金存放与实际使用情况专 项说明如下： 702,815,200.00元，扣除部分发行费人民币48,000,000.00元后，公司实际 收到上述A股的募集资金人民币654,815,200.00元，扣除由公司支付的其他 发行费 人 民 币 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 一、利润分配建议方案内容 为落实《新华文轩出版传媒股份有限公司"提质增效重回报"专项行 动方案》，增强投资者回报、提升投资者获得感，新华文轩出版传媒股份有 限公司（以下简称"公司"或"本公司"）拟进行 2024 年半年度利润分配。 证券代码：601811 证券简称：新华文轩 公告编号：2024-028 新华文轩出版传媒股份有限公司 2024 年半年度利润分配建议方案暨 关于贯彻落实"提质增效重回报"专项行动公告 （一）董事会会议的召开、审议和表决情况 公司于 2024 年 8 月 27 日召开的第五届董事会 2024 年第十次会议，以 "9 票同意，0 票反对，0 票弃权"审议通过了本次利润分配建议方案。该 方案符合公司章程规定的利润分配政策。 （二）监事会意见 公司 2024 年半年度（未经审计）实现归属于母公司股东净利润为人民 币 7.16 亿元，截至 2024 年 6 月 30 日，母公司累计未分配利润为人民币 1 每股分配比例：每股派发现金红利人民币 0 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 5,787,816,275.71, representing a 6.64% increase compared to CNY 5,427,547,628.27 in the same period last year [17]. - Net profit attributable to shareholders decreased by 6.08% to CNY 715,785,632.02 from CNY 762,156,455.81 year-on-year [17]. - The basic earnings per share for the first half of 2024 was CNY 0.58, down 6.45% from CNY 0.62 in the previous year [18]. - The weighted average return on equity decreased by 0.58 percentage points to 5.28% compared to 5.86% in the same period last year [18]. - The total assets at the end of the reporting period were CNY 21,892,348,982.94, a slight increase of 0.48% from CNY 21,787,563,374.32 at the end of the previous year [17]. - The company reported a net cash flow from operating activities of CNY 379,837,357.10, a significant decrease of 34.75% from CNY 582,152,981.45 in the same period last year [17]. - The company reported a total profit of CNY 548,529,980.49 for the first half of 2024, compared to CNY 354,372,532.09 in the previous year, indicating a significant increase [94]. - The company reported a net loss of CNY 493,536,400.00 in the first half of 2024, which is a decrease from a loss of CNY 419,505,940.00 in the first half of 2023 [108]. Dividend Distribution - The company plans to distribute a cash dividend of 1.90 RMB per 10 shares, totaling 234.43 million RMB, based on a total share capital of 123.38 million shares [4]. - The company paid a special dividend of CNY 222 million and A-share dividends of CNY 316 million during the period, compared to CNY 269 million in A-share dividends in the same period last year [44]. - The company plans to distribute dividends of RMB 234,429,790.00, equivalent to RMB 1.90 per 10 shares, subject to approval at the upcoming shareholders' meeting [61]. Risk Management - The company has confirmed that there are no significant risks affecting its operations during the reporting period [5]. - The company has outlined potential risk factors in the management discussion and analysis section of the report [5]. - The company acknowledges potential risks from industry policy changes and will strengthen policy research capabilities to enhance core competitiveness [53]. Corporate Governance - The board of directors and management have ensured the accuracy and completeness of the financial report [3]. - The half-year report has not been audited [3]. - There are no instances of more than half of the directors being unable to guarantee the authenticity of the report [5]. - The company has not violated any decision-making procedures for external guarantees [5]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties [5]. - The company has not reported any significant litigation or arbitration matters during the reporting period [72]. - The company has not received any penalties or corrective actions related to legal violations from its directors, supervisors, or senior management during the reporting period [72]. Market and Industry Trends - The publishing industry is facing challenges with a 6.20% decline in overall book retail market sales in the first half of 2024, indicating a need for strategic adjustments [25]. - The company is focusing on integrating digital technologies and exploring new production models to adapt to changing consumer reading habits and enhance competitiveness [25]. - The company will enhance market monitoring and analysis to improve content production and service supply capabilities in response to intensified market competition [54]. Operational Highlights - The company operates 184 retail stores in Sichuan Province, providing various reading services and products to urban and rural residents [23]. - The group published 754 integrated publications, including e-books and audiobooks, in the first half of 2024 [34]. - The group exported 251 copyright items and physical exports worth CNY 1.637 million in the first half of 2024 [34]. - The group achieved a market share ranking of 9th among 37 publishing media groups in China for general book market sales [34]. - The group launched key thematic books such as "Dachengkun" and "Home" to promote high-quality publishing development [34]. Financial Position - The total liabilities as of June 30, 2024, are not specified but are critical for assessing the company's financial health [86]. - The total assets of the company at the end of the first half of 2024 were RMB 13,558,038,269.29 [103]. - The company’s total liabilities at the end of the first half of 2024 were RMB 6,426,421,444.79 [105]. - The total equity attributable to shareholders at the end of the first half of 2024 was RMB 13,937,809,253.76, an increase from RMB 13,414,156,171.11 at the end of the previous year [103]. Environmental and Social Responsibility - The company actively promotes green operations and has adopted measures to reduce carbon emissions, including optimizing logistics and promoting paperless offices [67]. - During the reporting period, the company organized the recycling of approximately 2,109 tons of old books and publications as part of its "One Wood Environmental Protection" initiative [66]. - The company continues to fulfill its social responsibilities by supporting rural revitalization efforts and providing assistance to impoverished areas in Sichuan Province [68]. Investment and Capital Expenditure - The cumulative investment in the "Education Cloud Service Platform Project" reached ¥200,247,762.29, exceeding the planned investment of ¥200,000,000, with a completion rate of 100.12% [78]. - The "ERP Construction and Upgrade Project" has a cumulative investment of ¥35,602,525.95, also surpassing the planned investment of ¥35,175,098, with a completion rate of 101.22% [78]. - The company has ongoing projects with construction in progress valued at approximately CNY 50.48 million, up from CNY 39.55 million, indicating an increase in capital expenditure [86]. Accounting and Financial Reporting - The company follows the enterprise accounting standards, ensuring that financial statements reflect true and complete financial conditions [119]. - The company has not reported any changes in accounting policies or prior period error corrections during the first half of 2024 [107]. - The company engages in various business activities, including the sale of books, newspapers, and electronic publications [110].

证券代码：601811 证券简称：新华文轩 公告编号：2024-031 新华文轩出版传媒股份有限公司 关于 2024 年半年度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确 性和完整性承担法律责任。 新华文轩出版传媒股份有限公司依据《上海证券交易所上市公司自 律监管指引第3号行业信息披露：第十一号——新闻出版》的相关规定， 现将2024年半年度主要业务板块经营数据概况公告如下： | 单位：万元 | | --- | | 业务板块 | 销售码洋 | 主营业务收入 | 主营业务成本 | 毛利率(%) | | --- | --- | --- | --- | --- | | 出版业务 | —— | 121,162.27 | 80,602.44 | 33.48 | | 其中：教材教辅 | 101,607.59 | 57,198.69 | 32,840.73 | 42.58 | | 一般图书 | 251,045.81 | 49,665.60 | 36,820.07 | 25.86 | | 发行业务 | —— | 515,237.68 | 348 ...

证券代码：601811 证券简称：新华文轩 公告编号：2023-027 新华文轩出版传媒股份有限公司 第五届监事会 2024 年第四次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 一、监事会会议召开情况 新华文轩出版传媒股份有限公司（以下简称"新华文轩""公司"或"本 公司"）第五届监事会 2024 年第四次会议于 2024 年 8 月 27 日在成都以现 场结合通讯方式召开，本次会议通知于 2024 年 8 月 13 日以书面方式发出。 本次监事会应出席会议监事 6 名，实际出席会议监事 6 名。会议由监事会 主席邱明先生主持。本次会议的召集、召开符合《公司法》及本公司《公司 章程》的规定。 二、监事会会议审议情况 （一）审议通过《关于本公司 2024 年半年度财务报告的议案》 《新华文轩 2024 年半年度财务报告》已于 2024 年 8 月 27 日经本公司 第五届董事会审议通过。监事会审议通过了该议案并认为：公司 2024 年半 年度财务报告已经按照中国企业会计准则的规定编制，真实公允地反映了 公司的 ...

证券代码：601811 证券简称：新华文轩 公告编号：2024-026 新华文轩出版传媒股份有限公司 第五届董事会 2024 年第十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 一、董事会会议召开情况 新华文轩出版传媒股份有限公司（以下简称"公司"或"本公司"或 "新华文轩"）第五届董事会 2024 年第十次会议于 2024 年 8 月 27 日在成 都以现场表决的方式召开，本次会议通知于 2024 年 8 月 13 日以书面方式 发出。本次董事会应出席会议董事 9 名，实际亲自出席会议董事 8 名，董 事李强先生因其他事务未亲自出席会议，委托董事刘龙章先生代为行使表 决权，公司监事、部分高级管理人员列席了会议。会议由董事长周青先生 主持。本次会议的召集、召开符合《中华人民共和国公司法》及《公司章 程》的规定。 二、董事会会议审议情况 （一）审议通过《关于本公司 2024 年半年度财务报告的议案》 根据《中华人民共和国公司法》《公司章程》《上海证券交易所股票 上市规则》《香港联合交易所有限公司证券上市规则》 ...

新华文轩出版传媒股份有限公司 简式权益变动报告书 上市公司名称：新华文轩出版传媒股份有限公司 上市地点：上海证券交易所、香港联合交易所有限公司 股票简称：新华文轩 股票代码：SH:601811 HK:00811 信息披露义务人：四川文化产业投资集团有限责任公司 住所：四川省成都市青羊区槐树街 2 号 通讯地址：四川省成都市锦江区盐道街 3 号财富支点大厦 39 楼 股份变动性质：增加，无偿划转受让股权 签署日期：2024 年 6 月 28 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及其他相关法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》及《上市公司收购管理办法》的规定， 本报告书已全面披露了信息披露义务人在新华文轩出版传媒股份有限公司拥有 权益的股份变动情况。截至本报告书签署日，除本报告书披露的持股信息外，信 息披露义务人没有通过任何其他方式增加或减少在新华文轩出版传媒股份有限 公 ...

证券代码：601811 证券简称：新华文轩 公告编号：2024-021 新华文轩出版传媒股份有限公司 关于控股股东无偿划转国有股权的提示性公告 一、本次国有股权无偿划转的主要内容 1 本次国有股权无偿划转事项不涉及要约收购。 本次国有股权无偿划转事项系同一实际控制人下的国有资产无偿划转 行为，不会导致新华文轩出版传媒股份有限公司（以下简称"新华文轩" 或"公司"）控股股东暨第一大股东发生变更，公司实际控制人及治理 结构不会发生变更。 本次国有股权无偿划转事项尚须签署无偿划转协议并取得上级主管部 门批准，公司将密切关注事项的进展，并按照相关法律法规的规定，及 时履行信息披露义务，敬请广大投资者注意投资风险。 四川新华出版发行集团于 2024 年 6 月 13 日收到中共四川省委宣传部 通知，为贯彻中央和省委、省政府关于推进国有文化企业深化改革加快发展 的决策部署，加快推进我省国有文化资本布局优化和结构调整，拟将四川新 华出版发行集团所持有的新华文轩 131,348,818 股国有股份（占新华文轩 总股本的 10.6455%）无偿划转予四川文化产业投资集团有限责任公司（以 下简称"四川文投集团"）。 本公司董事会 ...

Investment Rating - The report assigns a "Buy" rating for Xinhua Wenhui (0811.HK) with a target price of HKD 12.26, based on a current price of HKD 9.07 [1][3]. Core Views - The company is positioned as a leading publisher in the southwestern region of China, with a strong focus on educational materials and a stable dividend policy [10][27]. - The K12 student population in Sichuan province is expected to remain resilient in the short term, despite a decline in birth rates since 2020, due to the lag effect in enrollment numbers [2][21]. - The company has maintained a robust dividend payout ratio of over 30%, providing a dividend yield of approximately 5% based on current stock prices [2][3]. Summary by Sections Company Overview - Xinhua Wenhui is the only enterprise in Sichuan province with the qualification to distribute K12 textbooks, actively exploring diversified services in reading and education [10][11]. - The company operates 15 wholly-owned publishing units, covering various publishing categories including books, periodicals, and digital media [11][27]. K12 Student Population and Market Recovery - The K12 student population in Sichuan is projected to remain stable for 2024-2025, with expected enrollment numbers reflecting past birth rates [2][21]. - The retail book market is gradually recovering, with online sales channels contributing significantly to growth [24][26]. Publishing Leadership and Dividend Stability - The company is a regional leader in publishing, with extensive cooperative resources and a diversified publishing strategy [27]. - The company has consistently maintained a dividend payout ratio above 30%, with a stable dividend policy that rewards shareholders [2][3]. Earnings Forecast and Valuation - Earnings per share (EPS) are projected to be CNY 1.41, CNY 1.53, and CNY 1.65 for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 5.9, 5.4, and 5.0 [3][4]. - The company is expected to benefit from favorable tax policies and the ongoing development of educational information technology, enhancing its growth prospects [3][4].