● 被担保人名称 证券代码：600373 证券简称：中文传媒 公告编号：临 2025-053 中文天地出版传媒集团股份有限公司 关于为下属子公司北京朗知网络传媒科技股份有限 公司提供担保的实施公告 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。 重要内容提示： 中文天地出版传媒集团股份有限公司（以下简称公司）一级控股子公司：北 京朗知网络传媒科技股份有限公司（以下简称朗知传媒）。 ● 本次担保金额及已实际为其提供的担保余额 1.公司本次为朗知传媒提供的银行授信担保为 0.644 亿元。本次担保后，公 司为朗知传媒提供的担保合同累计余额为 2.58 亿元，其中实际发生的对外担保 累计余额为 1.58 亿元。 2.本次担保后，公司为所属子公司银行授信提供担保合同累计余额为 13.21 亿元（含 2024 年度担保余额），其中实际发生的对外担保累计余额为 6.14 亿元。 子公司为母公司银行授信提供担保合同累计余额为 0 亿元（含 2024 年度担保余 额），其中实际发生的担保累计余额为 0 亿元（不含本次担保）。 ● 本次担保不存 ...

近日，中文天地出版传媒集团股份有限公司与星展银行（中国）有限公司北京分行签订《最高额保证合 同》，为一级控股子公司北京朗知网络传媒科技股份有限公司提供0.644亿元银行授信担保，担保方式 为连带责任保证，期限从2025年4月1日至2026年8月10日。本次担保后，公司为朗知传媒担保合同累计 余额达2.58亿元，实际对外担保累计余额1.58亿元。截至2024年底，朗知传媒资产总额14.33亿元，净利 润0.93亿元。该担保在公司股东会批准额度内，风险可控，有助于子公司业务发展。 ...

Market Overview - The publishing sector increased by 1.12% on September 5, with Guomai Culture leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Guomai Culture (301052) closed at 84.34, up 4.20%, with a trading volume of 52,600 shares and a turnover of 436 million yuan [1] - China Science Publishing (601858) closed at 21.22, up 2.81%, with a trading volume of 92,500 shares and a turnover of 195 million yuan [1] - Tianzhou Culture (300148) closed at 4.92, up 2.71%, with a trading volume of 411,900 shares and a turnover of 200 million yuan [1] - Other notable stocks include Zhongnan Media (601098) at 12.95 (+2.53%) and Ning Media (002181) at 7.89 (+2.47%) [1] Capital Flow Analysis - The publishing sector saw a net inflow of 42.18 million yuan from institutional investors, while retail investors contributed a net inflow of 39.73 million yuan [2] - However, there was a net outflow of 81.91 million yuan from speculative funds [2] Detailed Capital Flow for Selected Stocks - Zhongnan Media (601098) had a net inflow of 65.89 million yuan from institutional investors, but a net outflow of 36.58 million yuan from speculative funds [3] - Chinese Online (300364) experienced a net inflow of 30.54 million yuan from institutional investors, with a net outflow of 46.36 million yuan from speculative funds [3] - Phoenix Media (601928) had a net inflow of 13.19 million yuan from institutional investors, while experiencing a net outflow of 10.85 million yuan from speculative funds [3]

Group 1 - Insurance capital has been actively investing in A-share companies, with 368 companies appearing in the top ten circulating shareholders list by the end of Q2 [1][3] - China Life Insurance increased its holdings in CITIC Bank and China Telecom by 259 million shares and 205 million shares respectively, and also added over 150 million shares in China State Construction [1][3] - The insurance sector's investment strategy focuses on long-term value, emphasizing factors such as long-term competitiveness, sustainable profitability, and shareholder return capabilities [3][4] Group 2 - The total stock balance of life and property insurance companies reached 3.07 trillion yuan by the end of Q2, with a net increase of 640.6 billion yuan in the first half of the year [4] - The net increase in Q2 alone was 251.3 billion yuan, marking a record high with an 8.8% increase [4] - The acceleration of insurance capital entering the market is driven by favorable policies and the internal demand for long-term investments amid low interest rates and an "asset shortage" environment [4]

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 will hold a half-year performance briefing on September 5, 2025, from 13:00 to 14:30 [1][2] - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted via video live streaming and online interaction [2][3] - Investors can submit questions for the briefing from August 29, 2025, to September 4, 2025, before 16:00 [1][2] Group 2 - Key participants in the meeting will include the Executive Director and General Manager, Mr. Wu Ti, Independent Director, Mr. Liao Xiansheng, Board Secretary, Mr. Mao Jianbo, and Financial Officer, Mr. Qi Peigang [2] - The company encourages investors to actively participate and will address commonly raised questions during the briefing [1][3] - After the meeting, investors can review the meeting details and main content on the Shanghai Stock Exchange Roadshow Center website [3]

Core Viewpoint - The company, Zhongwen Tiandi Publishing Media Group Co., Ltd., is set to hold a half-year performance briefing on September 5, 2025, to provide insights into its operational results and development strategies, encouraging investor participation and questions [3][4][8]. Group 1: Meeting Details - The meeting is scheduled for September 5, 2025, from 13:00 to 14:30 [4][6]. - It will take place at the Shanghai Stock Exchange Roadshow Center, with online participation available through video live streaming and interactive Q&A [4][5]. - Investors can submit questions from August 29 to September 4, 2025, to be addressed during the meeting [2][4]. Group 2: Participants - Key participants include the Executive Director and General Manager, Mr. Wu Ti, Independent Director, Mr. Liao Xiansheng, Board Secretary, Mr. Mao Jianbo, and Financial Officer, Mr. Qi Peigang [5]. Group 3: Contact Information - For inquiries, investors can contact the Securities Legal Department via phone at 0791-85896008 or email at zwcm600373@126.com [7]. - Post-meeting, details and main content will be available on the Shanghai Stock Exchange Roadshow Center website [7].

Financial Performance - The company reported total revenue of 3.527 billion yuan for the first half of 2025, a decrease of 35.56% year-on-year [1] - The net profit attributable to shareholders was 291 million yuan, down 56.75% compared to the previous year [1] - The gross margin was 35.72%, reflecting a decline of 16.45% year-on-year, while the net margin was 8.66%, down 30.53% [1] - The total of selling, administrative, and financial expenses reached 989 million yuan, accounting for 28.04% of total revenue, an increase of 42.69% year-on-year [1] - Earnings per share decreased to 0.21 yuan, a drop of 56.25% year-on-year [1] Financial Ratios - The company's return on invested capital (ROIC) was 2.75%, indicating weak capital returns [3] - The historical median ROIC over the past decade was 9.88%, suggesting average investment returns [3] - The company's cash assets are reported to be very healthy, indicating good debt repayment capability [3] Accounts Receivable - The accounts receivable to profit ratio has reached 316.88%, suggesting potential concerns regarding the collection of receivables [4] Fund Holdings - The largest fund holding shares in the company is the Xin Yuan Digital Economy Mixed Fund, which has increased its position to 541,400 shares [5] - The fund's current scale is 32 million yuan, with a recent net value of 1.4504, reflecting a 65.63% increase over the past year [5]

证券代码：600373 证券简称：中文传媒 公告编号：临 2025-052 中文天地出版传媒集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 （二）会议召开地点：上海证券交易所上证路演中心 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： 会议召开时间：2025 年 9 月 5 日（星期五）下午 13:00-14:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com） 会议召开方式：上证路演中心视频直播和网络互动 问题征集方式：投资者可于 2025 年 8 月 29 日（星期五）至 2025 年 9 月 4 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过公司邮箱（zwcm600373@126.com）提出关注的问题，公司将在说明会上就投资 者普遍关注的问题进行解答，并在信息披露允许范围内与投资者进行沟通交流。 一、说明会类型 中文天地出版传媒集团股份有限公司（以 ...

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, primarily due to changes in the ordering method for educational materials, which led to a decrease in business scale [1] Group 1: Financial Performance - The company achieved an operating income of 3.527 billion yuan and a net profit attributable to shareholders of 291 million yuan during the reporting period [1] - Both operating income and profit experienced a year-on-year decline [1] Group 2: Awards and Market Position - The company received 62 national-level and nationwide publishing honors, representing a 19% increase year-on-year, marking a historical high [1] - The company maintained a solid market position, ranking third in the national book retail market and second in the competitive e-commerce channel [1] - The subsidiary, 21st Century Publishing House, led the children's book market with a 5.32% market share, remaining at the top for nine consecutive years [1] Group 3: International Expansion and Copyright - The company has developed a robust copyright output network, achieving 263 copyright outputs in 32 languages across 30 countries and regions [1] Group 4: Market Transformation and Product Development - The company is accelerating the market-oriented transformation of educational materials, focusing on tiered teaching, digital empowerment, and regional adaptation [2] - The company is enhancing its IP cultivation and derivative product development, with successful IPs like "Great China Treasure Hunt" and "Tommy the Cat" expanding into various media [3] Group 5: Technological Integration - The company is embracing technological changes to build a comprehensive cultural service system, utilizing AI for content production and marketing efficiency [3] - The subsidiary, Langzhi Media, is leveraging AI-generated content and intelligent copywriting to enhance marketing effectiveness [3]