1 二、本次新任签字注册会计师的基本情况 1、基本信息 证券代码：600636 证券简称：*ST 国化 公告编号：2026-004 国新文化控股股份有限公司 关于变更签字注册会计师的公告 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。 国新文化控股股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第十一届董事会第五次会议、2025 年 5 月 20 日召开 2024 年年度股东大会分别审议通过《关于续聘 2025 年度会计师事务所的 议案》，同意续聘立信会计师事务所（特殊普通合伙）（以下简称"立 信"）为公司 2025 年度财务报告审计机构和 2025 年度内部控制审计 机构。具体内容详见公司在上海证券交易所网站（www.sse.com.cn） 披露的《关于续聘 2025 年度会计师事务所的公告》（公告编号： 2025-017）。2026 年 1 月 29 日，公司收到立信发来的《关于变更签字 注册会计师的函》，具体情况公告如下： 一、本次变更签字会计师的情况 立信为公司2025年度财务报告审计机构和202 ...

Financial Projections - The company expects a net profit attributable to shareholders for 2025 to be between -240 million and -200 million RMB[3]. - The projected operating revenue for 2025 is estimated to be between 332 million and 357 million RMB, with core operating revenue between 330 million and 355 million RMB[3]. - The expected net assets at the end of 2025 are projected to be between 1.78 billion and 1.83 billion RMB[3]. - The company anticipates a total profit for 2025 to be between -245 million and -205 million RMB[6]. - The previous year's total profit was -409.83 million RMB, with a net profit attributable to shareholders of -408.68 million RMB[9]. - The above projections are preliminary estimates and the final audited financial data will be disclosed in the 2025 annual report[17]. Impairments - The company plans to recognize goodwill impairment of between 180 million and 210 million RMB due to the acquisition of Guangzhou Aoweiya Electronic Technology Co., Ltd.[12]. - The company expects to recognize long-term equity investment impairment of between 73 million and 90 million RMB related to Beijing Huasheng Jingshi Information Technology Co., Ltd.[14]. Derivative Financial Assets - The fair value change of a derivative financial asset related to the investment in Huasheng Jingshi is estimated to be between 24 million and 32 million RMB, classified as non-operating income[15]. Stock Delisting Risk - If the audited total profit, net profit, or net profit after deducting non-recurring gains and losses is negative and operating revenue is below 300 million RMB, the company's stock may be delisted[16].

Core Viewpoint - *ST Guohua (600636.SH) expects significant losses in net profit for the year 2025, indicating ongoing financial challenges for the company [1] Financial Projections - The company anticipates a net profit attributable to shareholders of the parent company ranging from -240 million to -200 million yuan for the year 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -265 million and -225 million yuan [1] - The forecasted operating revenue for 2025 is estimated to be between 332 million and 357 million yuan, with the revenue from core business activities expected to be between 330 million and 355 million yuan [1] - The projected net assets at the end of 2025 are estimated to be between 1.78 billion and 1.83 billion yuan [1]

Core Viewpoint - *ST Guohua (600636.SH) has announced an expected annual net loss for 2025, indicating significant financial challenges ahead for the company [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company in the range of -240 million to -200 million yuan for the year 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -265 million and -225 million yuan for the same period [1]

Core Viewpoint - *ST Guohua (600636.SH) has announced a projected net loss for the fiscal year 2025, indicating significant financial challenges ahead [1] Financial Performance - The company expects a net profit attributable to shareholders of the parent company to be between -240 million yuan and -200 million yuan for the year 2025 [1] - The projected net profit, after excluding non-recurring gains and losses, is anticipated to be between -265 million yuan and -225 million yuan [1]

Core Insights - The education sector experienced a slight increase of 0.15% on January 29, with BoRui Communication leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Education Sector Performance - BoRui Communication (600880) closed at 6.11, up 2.17% with a trading volume of 1.0181 million shares and a transaction value of 630 million [1] - QuanTong Education (300359) closed at 5.68, up 2.16% with a trading volume of 196,700 shares and a transaction value of 11.2 million [1] - DouShen Education (300010) closed at 7.44, up 1.92% with a trading volume of 1.2808 million shares and a transaction value of 960 million [1] - Other notable performances include Action Education (605098) at 45.42, up 0.93%, and XueDa Education (000526) at 38.40, up 0.79% [1] Capital Flow Analysis - The education sector saw a net inflow of 3.5215 million from institutional investors, while retail investors contributed a net inflow of 72.2198 million [2] - However, speculative funds experienced a net outflow of 75.7413 million [2] Individual Stock Capital Flow - DouShen Education (300010) had a net inflow of 50.2106 million from institutional investors, but a net outflow of 33.7840 million from retail investors [3] - China High-Tech (600730) saw a net inflow of 25.6964 million from institutional investors, with retail investors showing a net outflow of 23.2824 million [3] - QuanTong Education (300359) had a net inflow of 5.2657 million from institutional investors, while retail investors had a net outflow of 1.8672 million [3]

Market Overview - The education sector increased by 0.38% on January 27, with Kevin Education leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - Kevin Education (002659) closed at 6.80, up 4.62%, with a trading volume of 898,000 shares and a transaction value of 614 million yuan [1] - Zhonggong Education (002607) closed at 2.98, up 2.41%, with a trading volume of 2.93 million shares and a transaction value of 867 million yuan [1] - ST Kaiyuan (300338) closed at 3.60, up 2.27%, with a trading volume of 136,600 shares and a transaction value of 49.43 million yuan [1] - Other notable performances include BoRui Communication (600880) at 6.09, up 1.16%, and DouShen Education (300010) at 7.53, up 0.94% [1] Capital Flow Analysis - The education sector saw a net inflow of 25.29 million yuan from institutional investors, while retail investors experienced a net outflow of 72.54 million yuan [2] - The overall net inflow from speculative funds was 47.25 million yuan [2] Detailed Capital Flow for Selected Stocks - Zhonggong Education had a net inflow of 85.63 million yuan from institutional investors, while retail investors had a net outflow of 61.83 million yuan [3] - Kevin Education experienced a net inflow of 63.58 million yuan from institutional investors, with a significant retail outflow of 93.13 million yuan [3] - ST Kaiyuan had a minor net inflow of 2.81 million yuan from institutional investors, with retail investors also experiencing a net outflow [3]

Market Overview - The education sector experienced a decline of 2.45% on January 26, with China High-Tech leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Individual Stock Performance - Notable performers included: - Chuangye Heima (300688) with a closing price of 32.56, up 2.88% and a trading volume of 201,700 shares, totaling 662 million yuan [1] - ST Guohua (600636) closed at 9.51, up 0.53% with a trading volume of 50,600 shares, totaling 47.77 million yuan [1] - Conversely, China High-Tech (600730) saw a significant drop of 6.00%, closing at 10.50 with a trading volume of 420,400 shares, totaling 452 million yuan [2] - Other notable declines included: - Kede Education (300192) down 4.52% to 21.75 [2] - Dongshi ST (603377) down 0.51% to 3.91 [1] Capital Flow Analysis - The education sector experienced a net outflow of 441 million yuan from institutional investors, while retail investors saw a net inflow of 377 million yuan [2] - The capital flow for individual stocks showed: - Chuangye Heima had a net outflow of 51.57 million yuan from institutional investors [3] - ST Guohua experienced a net outflow of 4.60 million yuan from institutional investors [3] - Kede Education had a net inflow of 4.29 billion yuan from retail investors [2]

证券代码：600636 证券简称：*ST 国化 公告编号：2026-001 国新文化控股股份有限公司 关于控股股东增持公司股份的进展公告 本公司董事会、全体董事及相关股东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： 已披露增持计划情况：国新文化控股股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日披露了《公司关于控股股东增持公司股份计划的公告》（公告编 号：2025-008），公司控股股东中国文化产业发展集团有限公司（以下简称"中 文发集团"）拟自该公告披露之日起 12 个月内通过上海证券交易所采用集中竞价、 大宗交易等方式增持公司股份，拟增持数量不少于公司总股本的 1%，不超过公 司总股本的 2%。 增持计划的实施进展：截至 2026 年 1 月 8 日，中文发集团采用集中竞价交 易方式累计增持 4,386,461 股公司股份，占公司总股本的 1%。 增持计划无法实施风险：本次增持计划可能存在因资本市场发生变化等目前 尚无法预判的因素，导致增持计划的实施无法达到预期的风险，敬请广大投资者 注意投资风险。 | 增持主 ...

Group 1 - The core point of the article is that the controlling shareholder, Zhongwenfa Group, announced a share buyback plan to increase its stake in the company by at least 1% and not more than 2% within 12 months [1] - As of January 8, 2026, Zhongwenfa Group has cumulatively increased its holdings by 4.3865 million shares, which represents 1% of the company's total share capital, with a total investment of 37.2537 million yuan (excluding transaction fees) [1] - The buyback plan may not meet expectations due to changes in the capital market, and future purchases will be made using self-owned and self-raised funds [1]