Revenue and Profit - Revenue for the first three quarters of 2024 reached RMB 843,772.29 million, a year-on-year increase of 5.61%[3] - Net profit attributable to shareholders of the company for the first three quarters of 2024 was RMB 89,118.16 million, a year-on-year decrease of 5.24%[3] - Total operating revenue for the first nine months of 2024 reached RMB 8,437,722,940.37, up from RMB 7,989,707,573.29 in the same period of 2023[13] - Net profit attributable to the parent company's shareholders increased to RMB 7,278,676,086.46 as of September 30, 2024, from RMB 6,881,030,888.86 at the end of 2023[12] - Operating profit for the nine months ended September 30, 2024, was RMB 1,087,434,690.87, an increase from RMB 1,010,194,329.33 in the same period last year[14] - Net profit attributable to the parent company's shareholders was RMB 891,181,597.60, compared to RMB 940,470,666.86 in the previous year[14] - Total comprehensive income attributable to the parent company's shareholders was RMB 1,303,990,596.78, up from RMB 1,111,470,651.89 in the same period last year[14] - Sales revenue from goods and services was RMB 8,250,819,801.99, slightly up from RMB 8,176,510,306.65 in the previous year[15] Cash Flow - Operating cash flow for the first three quarters of 2024 was RMB 77,103.05 million, a year-on-year decrease of 32.99% due to increased tax payments and labor costs[6] - Cash flow from operating activities was RMB 771,030,510.41, a decrease from RMB 1,150,598,038.89 in the previous year[15] - Cash flow from investing activities was negative RMB 622,231,215.52, compared to negative RMB 222,302,088.72 in the same period last year[15] - Cash flow from financing activities was negative RMB 828,560,746.87, compared to negative RMB 507,155,710.15 in the previous year[16] - Net increase in cash and cash equivalents was negative RMB 679,761,451.98, compared to a positive RMB 421,140,240.02 in the same period last year[17] - Total cash and cash equivalents at the end of the period were RMB 8,398,581,372.81, compared to RMB 8,183,224,869.30 in the previous year[17] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 2,357,855.42 million, an increase of 8.22% compared to the end of the previous year[3] - Shareholders' equity attributable to the company as of September 30, 2024, was RMB 1,383,835.47 million, an increase of 5.87% compared to the end of the previous year[3] - Total assets increased to RMB 23,578,554,162.35 as of September 30, 2024, compared to RMB 21,787,563,374.32 at the end of 2023[10] - Total liabilities rose to RMB 9,354,503,365.29 as of September 30, 2024, from RMB 8,373,407,203.21 at the end of 2023[12] - Cash and cash equivalents decreased to RMB 8,497,923,689.80 as of September 30, 2024, from RMB 9,117,663,825.52 at the end of 2023[10] - Accounts receivable increased to RMB 2,378,697,203.51 as of September 30, 2024, from RMB 1,477,171,063.02 at the end of 2023[10] - Inventory rose to RMB 3,105,941,268.87 as of September 30, 2024, compared to RMB 2,641,169,798.03 at the end of 2023[10] Shareholder Information - The company's largest shareholder, Sichuan Xinhua Publishing & Distribution Group Co., Ltd., holds 50.49% of the shares[7] - Hong Kong Securities Clearing Company Limited is the second-largest shareholder, holding 21.61% of the shares[7] Earnings and Returns - Basic earnings per share for the first three quarters of 2024 were RMB 0.72, a year-on-year decrease of 5.26%[3] - The weighted average return on equity (ROE) for the first three quarters of 2024 was 6.58%, a decrease of 0.72 percentage points compared to the same period last year[3] - Basic earnings per share were RMB 0.72, down from RMB 0.76 in the same period last year[14] Operating Costs and Expenses - Operating costs for the first nine months of 2024 were RMB 7,427,160,801.03, compared to RMB 6,975,823,721.25 in the same period of 2023[13] - Research and development expenses for the first nine months of 2024 were RMB 13,514,917.49, slightly up from RMB 12,909,392.76 in the same period of 2023[13] Non-Recurring Items - Non-recurring gains and losses for the first three quarters of 2024 amounted to a net loss of RMB 3,321.65 million[5] Investment Income - Investment income for the first nine months of 2024 was RMB 137,478,908.14, compared to RMB 82,377,044.68 in the same period of 2023[13]

winshare文轩 新華文軒出版傳媒股份有限公司 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD.* (a joint stock limited company incorporated in the People's Republic of China with limited liability) (於中學人民共和國註冊成立之股份有限公司) (香港交易所股份代號 HKEX Stock Code：00811 上海證券交易所股份代號 SSE Stock Code：601811) 催供識別 釋義 2 重要提示 5 公司資料 6 管理層討論與分析 8 其他資料 26 按《中國企業會計準則》編製的中期財務報表、附註及補充資料 34 目錄 2 新華文軒出版傳媒股份有限公司 二零二四年中期報告 釋義 在本報告書中（不含財務報告部份），除非文義另有所指，下列詞語具有如下含義： | --- | --- | --- | |-----------------------------------|-------|----------------------------------- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 人民幣元 項目 附註 2024年6月30日 2023年12月31日 （未經審計） （經審計） 資產 流動資產： 貨幣資金 5 8,244,180,881.47 9,117,663,825.52 交易性金融資產 78,709.63 5,220.00 應收票據 2,448,019.88 3,758,159.19 應收賬款 6 1,743,971,482.68 1,477,171,063.02 應收款項融資 4,014,552.03 4,445,475.96 預付款項 78,931,946.74 55,483,678.87 其他應收款 262,357,988.75 121,733,914.08 其中：應收股利 129,366,062.35 72,000.00 存貨 7 2,352,676,852.25 2,641,169,798.03 合同資產 6,362,152.42 8,817,641.75 一年內到期的 ...

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].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. 新華文軒出版傳媒股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 2024年第一季度報告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董事 會」）欣然呈遞本公司及其附屬公司（統稱「本集團」）截至2024年3月31日止第一季 度（「本期間」或「本報告期」）未經審計業績（「第一季度報告」）。本公告乃根據香 港聯合交易所有限公司（「聯交所」）證券上市規則第13.09(2)條及第13.10B條以及 香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文作出。 一、重要內容提示 公司董事會、監事會及董事、監事、高級管理人員保證第一季度報告內容的真 實、準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶 的法律責任。 公司負責人周青先生、主 ...

新華文軒出版傳媒股份有限公司 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. (於中華人民共和國註冊成立之股份有限公司) 香港交易所股份代號: 00811 上海證券交易所股份代號: 601811 2 0 2 3 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 新華文軒出版傳媒股份有限公司 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 截至2023年12月31日止年度業績公告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）之董事（「董事」）會（「董事 會」）欣然公布本公司及其附屬公司（統稱「本集團」）截至2023年12月31日止年度 （「本年度」或「報告期」）的經審核合併業績。 合併資產負債表 2023年12月31日 人民幣元 2023年 2022年 項目 附註 12月31日 12月31日 流動資產： 貨幣資金 5 9,117,663,825.52 7,801,800,506.62 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. 新華文軒出版傳媒股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 2023年第三季度報告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董事 會」）欣然呈遞本公司及其附屬公司（統稱「本集團」）截至2023年9月30日止九個月 未經審計業績（「第三季度報告」）。本公告乃根據香港聯合交易所有限公司（「聯交 所」）證券上市規則第13.09(2)條及第13.10B條以及香港法例第571章證券及期貨條 例第XIVA部項下之內幕消息條文作出。 一、重要內容提示 公司董事會、監事會及董事、監事、高級管理人員保證第三季度報告內容的真 實、準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶 的法律責任。 公司負責人周青先生、主管會計工作負責人馬曉峰先生及會 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2023, representing a 15% increase compared to the same period last year[5]. - The company has set a revenue guidance of RMB 2.5 billion for the full year 2023, which reflects a projected growth of 10%[5]. - The company achieved operating revenue of RMB 5.428 billion, a year-on-year increase of 8.99%, primarily driven by growth in education services and internet sales, as well as revenue from the acquisition of Liangshan Xinhua Bookstore[11]. - Net profit for the period was RMB 789 million, reflecting a year-on-year growth of 10.35%, mainly due to increased gross profit from sales growth[11]. - The overall gross margin improved to 38.83%, up 0.75 percentage points from the previous year, with the main business gross margin at 38.10%, an increase of 0.88 percentage points[14]. - The publishing segment generated main business revenue of RMB 1.238 billion, a 12.58% increase from RMB 1.100 billion in the previous year, driven by growth in educational materials and general books[19]. - The retail book market saw a decline of 2.41% year-on-year, with physical store sales dropping by 23.55%, while short video e-commerce grew by 47.36%[10]. - The company’s strategic focus includes strengthening the publishing and education service industry chains, transitioning to a smart industry chain, and extending its industry chain advantages externally[11]. - The company reported a total comprehensive income of RMB 1,062,549,393.62 for the period, driven by a profit allocation of RMB (419,505,940.00)[87]. User Growth and Market Expansion - User data indicates a growth in active users by 20% year-on-year, reaching 5 million active users by June 30, 2023[5]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[5]. - The group served 6,189 schools, 434,700 teachers, and 4.66 million students through its online service platform[26]. Research and Development - Research and development expenses increased by 18%, focusing on enhancing digital publishing technologies[5]. - Research and development expenses surged by 273.32% to RMB 8,668,944.20 from RMB 2,322,116.03, primarily due to increased investment in educational information technology[28]. - The company is actively pursuing digital transformation and integration of new technologies such as big data and artificial intelligence to enhance its operational model[10]. Acquisitions and Investments - The company has completed a strategic acquisition of a local publishing firm, expected to enhance its content library by 15%[5]. - The company invested RMB 150 million in the Zhongjin Qicheng Phase II Fund, with RMB 120 million already paid as of June 30, 2023[44]. - In July 2023, the company invested RMB 100 million in Jinshi Growth Equity Investment (Hangzhou) Partnership[72]. - In August 2023, the company invested RMB 40 million in Sichuan Wentou Jinwen Equity Investment Fund Partnership[72]. Financial Position and Cash Flow - As of June 30, 2023, the company had cash and short-term deposits of approximately RMB 7.977 billion, an increase from RMB 7.802 billion as of December 31, 2022[40]. - The company's debt-to-asset ratio decreased to 36.29% as of June 30, 2023, down 2.40 percentage points from 38.69% on December 31, 2022[40]. - The current ratio improved to 1.8 as of June 30, 2023, compared to 1.7 in the same period last year[43]. - The net cash flow from operating activities increased by 38.37% to RMB 582,152,981.45, up from RMB 420,724,436.88 in the previous year[27]. - Cash and cash equivalents increased to RMB 7,977,398,442.23 from RMB 7,801,800,506.62, showing a growth of about 2.25%[75]. Shareholder Information - The board has not recommended any interim dividend for the six months ending June 30, 2023[5]. - The company has issued a total of 1,233,841,000 shares, with A shares accounting for 64.18% and H shares for 35.82%[55]. - Sichuan Xinhua Publishing Group holds 48.05% of the total issued shares, making it the largest shareholder[56]. Corporate Governance and Compliance - The audit committee confirmed that the interim financial report for the six months ended June 30, 2023, complies with applicable accounting standards and regulations[73]. - The company adopted and complied with all applicable principles and code provisions of the Corporate Governance Code during the reporting period[70]. - Changes in the board included the resignation of Mr. Luo Yong as executive director and chairman, effective August 29, 2023, with Mr. Zhou Qing appointed as the new chairman[65]. Risk Management - The company has identified potential risks related to market competition and regulatory changes, which are detailed in the management discussion section[5]. - The company emphasizes the importance of investor awareness regarding the forward-looking statements and associated risks[5]. - The company will closely monitor changes in cultural and educational policies that may impact the industry and adjust its operational strategies accordingly[51]. Employee and Operational Efficiency - As of June 30, 2023, the company had 7,770 employees, a decrease from 7,947 employees at the end of 2022[50]. - Employee retirement and corporate annuity contributions totaled RMB 108.89 million for the first half of 2023, an increase of RMB 16.71 million compared to RMB 92.18 million in the same period last year[50]. - The company aims to enhance its logistics network management system to improve operational efficiency and strengthen national supply chain service capabilities[48]. Accounting and Financial Reporting - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and relevant regulations[95]. - The company’s accounting year aligns with the calendar year, running from January 1 to December 31[98]. - The company’s financial reporting is based on the historical cost principle, except for certain financial instruments measured at fair value[97].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. 新華文軒出版傳媒股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 2023年中期業績公告 新華文軒出版傳媒股份有限公司（「公司」或「本公司」）董事（「董事」）會（「董事 會」）欣然宣布，本公司及其附屬公司（統稱「本集團」）按照香港聯合交易所有限公 司（「聯交所」）證券上市規則（「《上市規則》」）中相關規定而編製截至2023年6月30 日止六個月（「本期間」或「本期」）未經審核的合併業績連同2022年同期（「上年同 期」）之相關比較數字。 合併資產負債表 於2023年6月30日 人民幣元 | --- | --- | --- | --- | |------------------------|-------|-----------------------------------|--- ...