Core Viewpoint - The publishing sector experienced a decline of 0.6% on September 17, with significant losses in the Guangdong media segment, while the Shanghai Composite Index rose by 0.37% and the Shenzhen Component Index increased by 1.16% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3876.34, up 0.37% [1] - The Shenzhen Component Index closed at 13215.46, up 1.16% [1] - The publishing sector's individual stocks showed mixed performance, with notable declines in several companies [1] Group 2: Stock Performance - Major stocks in the publishing sector included: - Xinhua Wenhui (601811) closed at 15.70, up 1.16% with a trading volume of 69,500 shares and a turnover of 107 million yuan [1] - Southern Media (601900) closed at 13.07, up 0.38% with a trading volume of 73,800 shares [1] - Guangdong Media (002181) closed at 8.23, down 3.63% with a trading volume of 955,700 shares and a turnover of 788 million yuan [2] Group 3: Capital Flow - The publishing sector saw a net outflow of 239 million yuan from institutional investors, while retail investors contributed a net inflow of 200 million yuan [2] - The capital flow for individual stocks indicated varying levels of interest from different investor types, with some stocks experiencing significant net inflows from retail investors [3]

安徽承义律师事务所 关于 时代出版传媒股份有限公司 召开 2025 年第一次临时股东大会的 法律意见书 安徽承义律师事务所 中国. 合肥市政务区怀宁路 200 号栢悦中心大厦 5 楼 邮编：230022 电话(Tel): (86-551) 65609815 传真(Fax): （86-551）65608051 网址(Website): www.chengyi-law.com 电子信箱(E-mail): chengyilawyer@163.com 安徽承义律师事务所 关于时代出版传媒股份有限公司 召开2025年第一次临时股东大会的法律意见书 (2025)承义法字第 00216 号 致:时代出版传媒股份有限公司 一、本次股东大会召集人资格和召集、召开的程序 (一)本次股东大会的召集 经核查,公司本次股东大会由公司董事会召集。2025年8月27日,公司召开 第七届董事会第十五次会议,审议通过了《关于召开2025年第一次临时股东大会 的议案》等相关议案。 2025年8月29日,公司在上海证券交易所网站和中国证监会指定的信息披露 媒体上刊登了《时代出版传媒股份有限公司关于召开2025年第一次临时股东大会 的通知》（以下简 ...

(二)股东大会召开的地点：安徽省合肥市蜀山区翡翠路 1118 号出版传媒广场 15 楼第六会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 169 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 427,066,692 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 62.9840 | 证券代码：600551 证券简称：时代出版 公告编号：临 2025-032 时代出版传媒股份有限公司 2025年第一次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 15 日 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议的召开符合《公司法》和《公司章程》的有关规定。会议由董事长董磊 主持，公司部分董事、监事、高级管理 ...

Core Viewpoint - The publishing sector experienced a decline of 1.2% on September 15, with major stocks like Guomai Culture leading the drop, while the Shanghai Composite Index fell by 0.26% and the Shenzhen Component Index rose by 0.63% [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3860.5, down 0.26% [1]. - The Shenzhen Component Index closed at 13005.77, up 0.63% [1]. - The publishing sector saw a net outflow of 462 million yuan from major funds, while retail investors contributed a net inflow of 407 million yuan [3]. Group 2: Individual Stock Performance - Tianzhou Culture (300148) closed at 5.03, with an increase of 1.21% and a trading volume of 513,100 shares [1]. - Rongxin Culture (301231) closed at 24.81, up 0.53% with a trading volume of 27,400 shares [1]. - Zhongwen Media (600373) remained unchanged at 10.22, with a trading volume of 156,000 shares [1]. - Other notable stocks include China Publishing (600373) at 7.12 (0.00%), New Classics (603096) at 18.15 (-0.27%), and Shiji Tianhong (300654) at 10.21 (-0.29%) [1].

Core Points - The meeting of Times Publishing Media Co., Ltd. is scheduled for September 15, 2025, to discuss various proposals including the appointment of an accounting firm and amendments to corporate governance structures [4][6][12] - The company proposes to appoint Tianjian Accounting Firm for the 2025 financial year, with audit fees remaining the same as in 2024 at RMB 2.06 million [5][8] - A profit distribution plan for the first half of 2025 is proposed, with a cash dividend of RMB 0.10 per share, amounting to a total distribution of approximately RMB 67.81 million, representing 32.47% of the net profit [12][11] - The company plans to abolish the supervisory board and related rules, transferring its responsibilities to the audit committee of the board of directors, in compliance with new regulations from the China Securities Regulatory Commission [13][14] Meeting Details - The meeting will be held at the 6th conference room of Times Publishing, located at 1118 Feicui Road, Shushan District, Hefei, Anhui Province [6] - The meeting will utilize both on-site and online voting methods, with specific time slots designated for each [4] Proposals Overview - Proposal 1: Appointment of Tianjian Accounting Firm for auditing services for the fiscal year 2025 [5] - Proposal 2: Distribution of profits for the first half of 2025, with a cash dividend of RMB 0.10 per share [12] - Proposal 3: Abolishment of the supervisory board and related rules, transferring responsibilities to the audit committee [13] - Proposal 4: Amendments to the company’s articles of association to align with new corporate governance regulations [14]

编号: GDH-25-02 时代出版会议文件 日期：2025-09-15 时代出版传媒股份有限公司 2025 年第一次临时股东大会 会议材料 二〇二五年九月 编号: GDH-25-02 时代出版会议文件 日期：2025-09-15 时代出版传媒股份有限公司 2025 年第一次临时股东大会会议议程 一、会议时间：2025 年 9 月 15 日下 15:00 二、会议地点：安徽省合肥市蜀山区翡翠路 1118 号 时代出版 15 楼第六会议室 三、会议主持人：董事长 董磊 四、议程内容： （一）宣布会议开始（本次会议采用现场投票与网络投票 相结合的方式，网络投票使用上海证券交易所网络投票系统， 通过交易系统投票平台的投票时间为股东大会召开当日的交 易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联 网 投 票 平 台 的 投 票 时 间 为 股 东 大 会 召 开 当 日 的 9:15-15:00）。 （二）审议议案 1.关于续聘会计师事务所的议案 2.关于时代出版 2025 年半年度利润分配方案的议案 3.关于取消监事会及废止《监事会议事规则》的议案 4.关于修订《公司章程 ...

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].

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： ●每股分配比例：每股派发现金红利 0.10 元（含税）。本次不送红股，不转 增股份。 ●本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期 将在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本发生变动的，按照每股分配比 例不变的原则进行分配，相应调整分配总额，并将在相关公告中披露。 ●本次利润分配方案尚需提交公司 2025 年第一次临时股东大会审议通过后 方可实施。 一、利润分配方案内容 时代出版传媒股份有限公司 证券代码：600551 证券简称：时代出版 公告编号：临2025-028 时代出版传媒股份有限公司 二、公司履行的决策程序 （一）董事会审议情况 公司于 2025 年 8 月 27 日召开第七届董事会第十五次会议，与会全体董事以 赞成票 8 票，反对票 0 票，弃权票 0 票，审议通过了《关于时代出版 2025 年半 年度利润分配方案的议案》，本方案符合公司章程规定的利润分配政策。 （二）监事会意见 公司第七届监事会第十二 ...

Core Viewpoint - The company intends to reappoint Tianjian Accounting Firm as its auditor for the 2025 fiscal year, following a thorough review of the firm's qualifications and compliance with relevant regulations [1][4]. Group 1: Auditor Information - The proposed accounting firm is Tianjian Accounting Firm (Special General Partnership) [1]. - The firm has a total of 241 partners and 904 employees as of the end of 2024 [1]. - Tianjian's total business revenue is reported at 2.969 billion yuan, with an audit fee total of 73.5 million yuan [1]. Group 2: Project Team - The project partner and signing CPA is Ma Zhangsong, who has been a CPA since 1998 and has experience with listed company audits [2][3]. - The signing CPA Liu Bobo has been a CPA since 2020 and has been involved in listed company audits since 2018 [2][3]. - The quality review personnel is Ye Xicheng, a CPA since 2003, with experience in auditing listed companies [3]. Group 3: Audit Fees - The audit fee for the 2025 fiscal year is set at 500,000 yuan, which is consistent with the fees for the 2024 fiscal year [3]. Group 4: Approval Process - The audit committee has reviewed Tianjian's qualifications and confirmed compliance with necessary audit procedures, recommending the reappointment to the board [3]. - The board of directors approved the reappointment with a unanimous vote of 8 in favor [4]. - The reappointment is subject to approval at the company's first extraordinary general meeting in 2025 [4].

Core Viewpoint - The publishing sector experienced a decline of 0.43% on August 29, with Inner Mongolia Xinhua leading the drop. The Shanghai Composite Index rose by 0.37% to close at 3857.93, while the Shenzhen Component Index increased by 0.99% to 12696.15 [1]. Group 1: Stock Performance - ST Huawen (000793) closed at 2.59, up 4.86% with a trading volume of 390,300 shares and a turnover of 100 million yuan [1]. - China Science Publishing (601858) closed at 21.53, up 2.23% with a trading volume of 333,300 shares and a turnover of 747 million yuan [1]. - Inner Mongolia Xinhua (603230) closed at 14.09, down 6.44% with a trading volume of 217,900 shares and a turnover of 314 million yuan [2]. - Zhongyuan Media (000719) closed at 13.02, down 4.62% with a trading volume of 182,000 shares and a turnover of 241 million yuan [2]. - The overall trading volume and turnover for the publishing sector indicate varied performance among individual stocks, with some showing significant gains while others faced declines [1][2]. Group 2: Capital Flow - The publishing sector saw a net outflow of 260 million yuan from institutional investors, while retail investors contributed a net inflow of 319 million yuan [2]. - The data suggests a divergence in investor sentiment, with institutional investors pulling back while retail investors increased their positions in the sector [2].