Core Viewpoint - City Media, established in 1994 and listed in 2000, is a significant player in the domestic publishing and media sector, focusing on a full range of publishing and distribution services, including books, periodicals, and electronic audio-visual products [1] Group 1: Business Performance - In Q3 2025, City Media achieved a revenue of 1.622 billion yuan, ranking 8th among 19 companies in the industry, with the industry leader, Wuxin Media, generating 6.851 billion yuan [2] - The main business revenue composition includes 1.731 billion yuan from educational materials (71.15%), 841 million yuan from general books (34.59%), and 199 million yuan from other products (8.18%) [2] - The net profit for the same period was 30.635 million yuan, placing the company 13th in the industry, with the top performer, Wuxin Media, reporting a net profit of 963 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, City Media's debt-to-asset ratio was 24.68%, lower than the previous year's 26.73% and below the industry average of 32.11%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 21.39%, down from 27.95% year-on-year and below the industry average of 30.79%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Jia Qingpeng, has extensive experience in the publishing industry, while the general manager, Li Mingming, saw a salary reduction of 310,200 yuan in 2024 compared to 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 3.92% to 30,500, with an average holding of 21,700 circulating A-shares, which increased by 2.45% [5] Group 4: Strategic Initiatives - City Media is actively transforming its main business, focusing on IP resource development, enhancing consumer engagement, and innovating sales models, particularly in educational materials [6] - The company has partnered with various entities to expand its product offerings and services, including VR projects and AI platforms, which have attracted over 100,000 users [6] - Revenue projections for 2025 to 2027 are estimated at 1.786 billion, 1.662 billion, and 1.687 billion yuan, with net profits expected to be 87 million, 98 million, and 115 million yuan respectively [6]

Core Insights - The company reported a total revenue of 1.622 billion yuan for Q3 2025, ranking 10th among peers, which is a decrease of 309 million yuan or 16.02% year-on-year [1] - The net profit attributable to shareholders was 31.3654 million yuan, ranking 16th among peers, reflecting a decline of 101 million yuan or 76.22% year-on-year [1] - The net cash inflow from operating activities was 27.0092 million yuan, ranking 10th among peers, showing an increase of 9.8258 million yuan or 57.18% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 24.68%, ranking 6th among peers, which is a decrease of 0.13 percentage points from the previous quarter and a decrease of 2.05 percentage points year-on-year [3] - The latest gross profit margin is 21.39%, ranking 19th among peers, down by 2.46 percentage points from the previous quarter and down by 6.55 percentage points year-on-year [3] - The latest return on equity (ROE) is 0.99%, ranking 19th among peers, which is a decrease of 3.10 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.05 yuan, ranking 18th among peers, which is a decrease of 0.15 yuan or 76.20% year-on-year [3] - The latest total asset turnover ratio is 0.38 times, ranking 5th among peers, which is a decrease of 0.05 times year-on-year [3] - The latest inventory turnover ratio is 2.04 times, ranking 16th among peers, down by 0.08 times year-on-year [3] Shareholder Information - The number of shareholders is 30,500, with the top ten shareholders holding 434 million shares, accounting for 65.64% of the total share capital [3] - The largest shareholder is Qingdao Publishing Group Co., Ltd., holding 56.6% of shares [3]

青岛城市传媒股份有限公司 独立董事工作制度 第一章 总则 第一条 为进一步完善青岛城市传媒股份有限公司（以 下简称"公司"）的法人治理，改善公司董事会结构，保护 中小股东及利益相关者的利益，根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》《上 市公司独立董事规则》以及《上海证券交易所股票上市规则》 （以下简称"《上市规则》"）、《上海证券交易所上市公司自 律监管指引第 1 号——规范运作》《上市公司独立董事管理 办法》（以下简称"《独董管理办法》"）等相关法律、法规、 规范性文件及《青岛城市传媒股份有限公司章程》（以下简 称"《公司章程》"）等有关规定，制定本制度。 第二条 本制度所指的独立董事，是指不在公司担任除 董事外的其他职务，并与公司及主要股东、实际控制人不存 在直接或者间接利害关系，或者其他可能影响其进行独立客 观判断关系的董事。 第三条 独立董事对公司及全体股东负有忠实与勤勉 义务，应当按照法律、行政法规、中国证券监督管理委员会 （以下简称"中国证监会"）规定、上海证券交易所业务规 则和《公司章程》的规定，认真履行职责，在董事会中发挥 参与决策、监督制衡、专业咨询 ...

青岛城市传媒股份有限公司 章 程 （2025 年 10 月修订） 1 | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 4 | | | 第三章 | 股份 | 5 | | 第一节 | 股份发行 5 | | | 第二节 | 股份增减和回购 6 | | | 第三节 | 股份转让 7 | | | 第四章 | 股东和股东会 7 | | | 第一节 | 股东 8 | | | 第二节 | 控股股东和实际控制人 10 | | | 第三节 | 股东会的一般规定 11 | | | 第四节 | 股东会的召集 17 | | | 第五节 | 股东会的提案与通知 18 | | | 第六节 | 股东会的召开 19 | | | 第七节 | 股东会的表决和决议 22 | | | 第五章 | 董事和董事会 25 | | | 第一节 | 董事 25 | | | 第二节 | 董事会 28 | | | 第三节 | 独立董事 33 | | | 第四节 | 董事会专门委员会 35 | | | 第六章 | 高级管理人员 37 | | | 第七章 | 党的组织 | 39 | | 第一节 | 公司党组织的 ...

Group 1 - The company reported a revenue of approximately 1.622 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 16.02% [1] - The net profit attributable to shareholders of the listed company was approximately 31.37 million yuan, showing a significant year-on-year decline of 76.22% [1] - The basic earnings per share were 0.0475 yuan, which is a decrease of 76.2% compared to the previous year [1] Group 2 - The A-share market has surpassed 4,000 points, marking a significant resurgence after a decade of stagnation [1] - The technology sector is leading the market's transformation, indicating a new "slow bull" market pattern [1]

单位：万元 | | 销售码洋 | | | 营业收入 | | | 营业成本 | | | | 毛利率（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 项目 | 上年同 | 本期 | 增长率 | 上年同 | 本期 | 增长率 | 上年同 | 本期 | 增长率 | 上年 | 本期 | 增长 | | | 期 | | （%） | 期 | | （%） | 期 | | （%） | 同期 | | 率 | | 出版 业务 | 153,176 | 150,407 | -1.81 | 70,259 | 56,503 | -19.58 | 42,583 | 37,824 | -11.18 | 39.39 | 33.06 | -6.33 | | 发行 业务 | 208,606 | 152,340 | -26.97 | 158,213 | 119,486 | -24.48 | 128,636 | 99,563 | -22.60 | 18.69 | 16.67 | -2.02 | 证券代码：600229 证券简称 ...

及修订、制定和废止公司部分管理制度的公告 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。 青岛城市传媒股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召 开第十届董事会第十六次会议，审议通过了《关于取消监事会并修订<公司章程> 的议案》《关于修订、制定和废止公司部分管理制度的议案》。现将有关情况公 告如下： 一、取消监事会情况 股票代码：600229 股票简称：城市传媒 公告编号：临 2025-024 青岛城市传媒股份有限公司 关于取消监事会、修订《公司章程》 根据《公司法》、中国证监会《关于新配套制度规则实施相关过渡期安排》 《上市公司章程指引》等相关法律法规的规定，结合公司实际情况，公司拟不再 设置监事会，监事会的职权由董事会审计委员会行使，公司《监事会议事规则》 相应废止，公司各项规章制度中涉及监事会、监事的规定不再适用。本次取消监 事会事项不会对公司治理、生产经营产生不利影响。 取消监事会事项尚需提交公司股东大会审议。公司现任监事将于股东大会审 议通过取消监事会事项之日起卸任公司监事职务。在股东大会 ...

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。 股票代码：600229 股票简称：城市传媒 公告编号：临 2025-023 青岛城市传媒股份有限公司 第十届监事会第十二次会议决议公告 一、监事会会议召开情况 青岛城市传媒股份有限公司（以下简称"公司"）第十届监事会第十二次会 议于 2025 年 10 月 28 日在公司 2 楼会议室召开。本次监事会会议采用现场投票 表决方式召开。本次会议由公司监事会主席张道周先生召集和主持，会议通知已 于 2025 年 10 月 17 日以电话、电子邮件等方式向全体监事发出。本次会议应到 监事 3 人，实到监事 3 人。本次会议的召集、召开符合有关法律、行政法规、部 门规章、规范性文件和《公司章程》的规定。 二、监事会会议审议情况 1.审议通过了《公司 2025 年第三季度报告》 经审核，公司监事会认为：公司 2025 年第三季度报告的编制和审议程序符 合法律法规和《公司章程》的有关规定。其内容与格式符合中国证监会和上海证 券交易所的各项规定，所包含的信息能真实地反映公司 2025 年第三季度 ...

股票代码：600229 股票简称：城市传媒 公告编号：临 2025-022 青岛城市传媒股份有限公司 第十届董事会第十六次会议决议公告 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 青岛城市传媒股份有限公司（以下简称"城市传媒"或"公司"）第十届董 事会第十六次会议于 2025 年 10 月 28 日在公司 2 楼会议室召开。本次董事会会 议采用现场结合通讯表决方式召开。本次会议由公司董事长贾庆鹏先生召集和主 持，会议通知已于 2025 年 10 月 17 日以电话、微信、电子邮件等方式向全体董 事发出。本次会议应出席董事 11 人，实际出席董事 11 人，其中，出席现场会议 董事 5 人,以通讯方式出席会议董事 6 人。公司全体监事及高级管理人员列席了 本次会议。本次会议的召集、召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 二、董事会会议审议情况 1.审议通过了《公司 2025 年第三季度报告》 该报告已经公司第十届董事会审计委员会 2025 年第四次会议审议通过。具 体 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥515,591,024.16, representing a decrease of 1.56% compared to the same period last year[3]. - The total profit for the period was -¥9,542,228.04, with a year-to-date profit of ¥30,680,187.85, reflecting a significant decline of 84.80% year-on-year[3]. - The net profit attributable to shareholders was -¥8,911,745.94 for the quarter, and ¥31,365,392.29 year-to-date, marking a decrease of 76.22% compared to the previous year[3]. - The basic and diluted earnings per share for the quarter were both -¥0.0135, down 76.20% year-to-date from ¥0.0475[3]. - Total operating revenue for the first three quarters of 2025 was CNY 1,621,792,421.02, a decrease of 16.0% compared to CNY 1,931,230,180.59 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was CNY 30,634,986.38, a decline of 76.7% compared to CNY 131,135,822.40 in 2024[18]. - Basic earnings per share for the first three quarters of 2025 is CNY 0.0475, down from CNY 0.1996 in the same period of 2024[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,215,710,097.20, a decrease of 1.42% from the end of the previous year[5]. - The company's total assets amounted to CNY 4,215,710,097.20, slightly down from CNY 4,276,276,026.30 in the previous period[16]. - Total liabilities decreased to CNY 1,040,369,956.94 from CNY 1,083,040,189.25, reflecting a reduction of 3.9%[15]. - The equity attributable to shareholders decreased by 0.47% to ¥3,165,025,873.87 compared to the end of the previous year[5]. - The company's equity attributable to shareholders was CNY 3,165,025,873.87, down from CNY 3,179,910,026.46, indicating a decrease of 0.5%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥27,009,234.39, an increase of 57.18% compared to the previous year[3]. - The company's cash flow from operating activities showed a significant decline, impacting overall liquidity[18]. - Operating cash inflow for the first three quarters of 2025 is CNY 1,608,168,297.73, a decrease of 15.06% compared to CNY 1,893,750,956.10 in 2024[20]. - Net cash flow from operating activities increased to CNY 27,009,234.39 in 2025, compared to CNY 17,183,456.09 in 2024, representing a growth of 57.96%[20]. - Cash outflow from investment activities in 2025 was CNY 4,709,887.35, down from CNY 7,415,129.23 in 2024, indicating a reduction of 36.36%[21]. - The ending cash and cash equivalents balance for 2025 is CNY 1,154,522,562.16, compared to CNY 1,095,326,306.06 in 2024, showing an increase of 5.39%[21]. Expenses and Investments - Research and development expenses rose by 30.51% as the company increased its investment in R&D[9]. - Research and development expenses increased to CNY 4,262,913.29, up from CNY 3,266,417.89, representing a growth of 30.5%[17]. - The net cash flow from investing activities was -194 million, mainly due to the previous period's receipt of fund project dividends[9]. - The company reported a financial income of CNY 6,262,793.17, compared to CNY 9,707,197.93 in the previous year, a decrease of 35.3%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,454[11]. - The largest shareholder, Qingdao Publishing Group Co., Ltd., holds 374,191,691 shares, accounting for 56.63% of total shares[11]. Other Notable Points - Non-recurring gains and losses for the period totaled ¥33,538,124.05, with significant contributions from government subsidies and financial asset valuation changes[8]. - The decline in profits was primarily attributed to changes in market sales structure and a significant decrease in sales of educational materials[8]. - Accounts receivable decreased by 55.19% due to a reduction in commercial notes received during the reporting period[9]. - Prepayments increased by 61.72% primarily due to prepayment of copyright fees and book procurement[9]. - Deferred income increased by 40.24% due to government fund project payments received during the reporting period[9]. - The company experienced a 99.94% decrease in income tax expenses due to changes in tax incentive policies[9]. - The company reported a significant asset disposal gain of 12,449.09 million due to compensation from demolition[9]. - The company did not report any net profit from the merged entity in the current or previous periods[19]. - The company is not applying new accounting standards for the year 2025[22].