Group 1 - The company, Urban Media, announced that its 2025 semi-annual performance briefing will be held on September 10, 2025 [2]

一、 业绩说明会类型 青岛城市传媒股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日披 露《城市传媒 2025 年半年度报告》。为便于广大投资者更加深入地了解公司发展 战略、经营状况，进一步加强与投资者的互动交流，公司计划举办 2025 年半年度 业绩说明会，就投资者关心的问题进行交流。 重要内容提示： ●会议召开时间：2025 年 9 月 10 日（星期三）15:00-16:00 ●会议召开平台：中国证券网路演中心（www.cs.com.cn/roadshow） ●会议召开方式：网络互动方式 股票代码：600229 股票简称：城市传媒 编号：临 2025-020 青岛城市传媒股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 二、 业绩说明会召开时间、方式 1.召开时间：2025 年 9 月 10 日（星期三）15:00-16:00 2.召开平台：中国证券网路演中心（www.cs.com.cn/roadshow） 3.召开方式：网络互动方式 三、公司出 ...

Core Viewpoint - The publishing industry is experiencing a decline in revenue but an increase in net profit, indicating a shift in operational dynamics and reliance on specific segments like educational materials [1][9]. Revenue Summary - Total revenue for publishing companies in the first half of 2025 was 65.192 billion yuan, a decrease of 7.9% year-on-year [1]. - Five companies exceeded 5 billion yuan in revenue, with Phoenix Media leading at 7.113 billion yuan, followed by Central South Media at 6.335 billion yuan [2]. - Among the 10 companies with revenue between 1 billion and 5 billion yuan, only three reported year-on-year growth, indicating a broader decline in revenue across the sector [2]. Profit Summary - Net profit for the publishing sector reached 8.224 billion yuan, an increase of 9.29% year-on-year, with 10 companies reporting net profits exceeding 1 billion yuan [1][3]. - Central South Media entered the "10 billion club" with a net profit of 1.017 billion yuan, while Phoenix Media maintained its lead with 1.586 billion yuan [2][3]. - The number of companies with net profit growth has increased, with notable growth rates such as Central South Media's 50.39% increase [2][3]. Non-Operating Profit Summary - Excluding non-recurring items, Phoenix Media led with a non-operating profit of 1.514 billion yuan, followed by Central South Media at 0.995 billion yuan [3][4]. - Among the 13 companies reporting non-operating profits, only three experienced a decline, while the rest saw growth of over 10% [3][4]. Company Type Analysis - Comprehensive publishing companies, which include publishing and distribution, showed a revenue decline with only one company reporting growth, while 10 maintained profit growth [5]. - Pure publishing companies, such as Times Publishing and China Publishing, reported revenue and profit growth, particularly benefiting from educational materials [6]. - The digital publishing sector, represented by companies like iReader Technology and Chinese Online, faced challenges with significant profit declines despite revenue growth [10]. Tax Policy Impact - The continuation of tax exemption policies for certain publishing companies has significantly contributed to profit growth, with companies like Central South Media and Zhejiang Publishing reporting substantial increases in net profit due to these policies [7][8]. Market Trends and Challenges - The publishing industry is facing challenges from changing consumer demands, particularly in the educational materials sector, which has been a traditional revenue driver [12][14]. - Companies are increasingly focusing on digital transformation and innovative business models to adapt to market changes, with many investing in new content and technology [15][18]. Financial Management - Many publishing companies are utilizing idle funds for financial management, indicating a cautious approach to capital allocation amid operational challenges [17][18]. - The total cash and cash equivalents held by the 28 publishing companies reached 58.1 billion yuan, highlighting the need for effective capital utilization to drive innovation [18].

Group 1 - The company's total revenue for the first half of 2025 is 1.106 billion, a year-on-year decrease of 21.4% [1] - The net profit attributable to shareholders is 40.28 million, down 74.35% year-on-year [1] - In Q2, total revenue is 503 million, a decline of 32.29% year-on-year, with a net profit of -22.97 million, a decrease of 133.01% [1] Group 2 - The company's accounts receivable is significantly high, with accounts receivable to net profit ratio reaching 660.56% [1][2] - The gross margin is 23.85%, down 21.21% year-on-year, and the net margin is 3.63%, down 67.37% [1] - Total selling, administrative, and financial expenses amount to 201 million, accounting for 18.19% of revenue, an increase of 13.99% year-on-year [1] Group 3 - The company's return on invested capital (ROIC) for the previous year is 2.29%, indicating weak capital returns [2] - The historical median ROIC over the past 10 years is 12.26%, with two years of losses since the company went public [2] - The company's business model relies heavily on marketing, necessitating a deeper analysis of the underlying drivers [2]

Company Performance - City Media reported a revenue of approximately 1.106 billion yuan for the first half of 2025, representing a year-on-year decrease of 21.4% [1] - The net profit attributable to shareholders of the listed company was approximately 40.28 million yuan, a year-on-year decrease of 74.35% [1] - The basic earnings per share were 0.061 yuan, down 74.34% year-on-year [1]

2025 年半年度主要经营数据公告 证券代码：600229 证券简称：城市传媒 公告编号：临 2025-019 青岛城市传媒股份有限公司 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根据《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2025年半 年度出版发行业务主要经营数据公告如下： 以上经营数据未经审计，仅供投资者参考。 特此公告。 青岛城市传媒股份有限公司董事会 2025 年 8 月 28 日 单位：万元 项目 销售码洋 营业收入 营业成本 毛利率（%） 上年同期 本期 增长 率（%） 上年同 期 本期 增长 率（%） 上年同 期 本期 增长率 （%） 上年 同期 本期 增长 率 出版 业务 114,16 5.68 107,11 4.41 -6.18 52,013 .83 41,915. 83 -19. 41 30,03 8.56 27,14 8.13 -9.62 42.2 5 35.2 3 -7.02 发行 业务 149,70 8.11 ...

青岛城市传媒股份有限公司2025 年半年度报告 公司代码：600229 公司简称：城市传媒 青岛城市传媒股份有限公司 2025 年半年度报告 2025 年 8 月 1 / 159 青岛城市传媒股份有限公司2025 年半年度报告 重要提示 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人贾庆鹏、主管会计工作负责人李茗茗及会计机构负责人（会计主管人员）苏彩 霞声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司经营计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 ...

Group 1 - The company's operating revenue for the first half of 2025 is 1.106 billion yuan, representing a year-on-year decrease of 21.40% [1] - The net profit for the same period is 40.2771 million yuan, showing a year-on-year decline of 74.35% [1]

Market Overview - The publishing sector experienced a decline of 2.16% on August 27, with the Shanghai Composite Index closing at 3800.35, down 1.76%, and the Shenzhen Component Index at 12295.07, down 1.43% [1] Individual Stock Performance - Inner Mongolia Xinhua (603230) led the gains with a closing price of 14.64, up 5.10% with a trading volume of 184,400 shares and a transaction value of 271 million [1] - Chinese Online (300364) saw the largest drop, closing at 32.35, down 9.10% with a trading volume of 1,616,700 shares and a transaction value of 545.9 million [2] - Other notable declines included Tianzhou Culture (300148) down 4.71% and Duku Culture (301025) down 4.39% [2] Capital Flow Analysis - The publishing sector had a net outflow of 719 million from institutional investors, while retail investors saw a net inflow of 416 million [2] - The main capital inflow was observed in Inner Mongolia Xinhua with a net inflow of 26.82 million, while Chinese Online experienced a significant net outflow of 33.38 million from retail investors [3]

Market Performance - The publishing sector increased by 1.52% on August 18, with Rongxin Culture leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Individual Stock Performance - Rongxin Culture (301231) closed at 27.20, up 8.58% with a trading volume of 83,200 shares and a transaction value of 223 million yuan [1] - City Media (600229) closed at 7.41, up 7.24% with a trading volume of 531,800 shares and a transaction value of 396 million yuan [1] - Chinese Online (300364) closed at 27.25, up 5.95% with a trading volume of 983,900 shares and a transaction value of 2.666 billion yuan [1] - Other notable performers include Guomai Culture (301052) up 4.95% and Tianzhou Culture (300148) up 3.73% [1] Capital Flow Analysis - The publishing sector saw a net inflow of 235 million yuan from institutional investors, while retail investors experienced a net inflow of 25.7934 million yuan [2] - The sector faced a net outflow of 260 million yuan from speculative funds [2] Detailed Capital Flow for Selected Stocks - Chinese Online (300364) had a net inflow of 16.9 million yuan from institutional investors, but a net outflow of 17.5 million yuan from speculative funds [3] - City Media (600229) saw a net inflow of 74.2235 million yuan from institutional investors, with a net outflow of 42.9649 million yuan from speculative funds [3] - Guomai Culture (301052) had a net inflow of 19.4754 million yuan from institutional investors, but a net outflow of 18.6916 million yuan from speculative funds [3]