二〇二四年九月 山东出版(601019) 2024 年第二次临时股东大会会议资料 山东出版传媒股份有限公司 2024 年第二次临时股东大会会议须知 为了维护广大投资者的合法权益，保证山东出版传媒股份有限公 司（简称"公司"）股东在公司 2024 年第二次临时股东大会（简称"本 次会议"）上依法行使职权，确保本次会议的正常秩序和议事效率， 根据《中华人民共和国公司法》（简称"《公司法》"）《上市公司股 东大会规则》《公司章程》《公司股东大会议事规则》等有关规定，制 定以下会议须知。 一、会议的组织方式 1．会议由公司董事会依法召集。 2．本次会议的出席人员为 2024 年 9 月 12 日下午上海证券交易 所交易结束后，在中国证券登记结算有限责任公司上海分公司登记在 册的本公司股东或其委托代理人的实际参会人员；本公司董事、监事 和高级管理人员；本次会议见证律师等。 3．本次会议行使《公司法》《公司章程》《公司股东大会议事规 则》等规定的股东大会职权。 山东出版传媒股份有限公司 2024 年第二次临时股东大会 会议资料 1.为确保会议的严肃性和正常秩序，参会人员请提前 30 分钟到 达会场办理签到，并按规定出示相 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][6]. Core Insights - The company has shown strong revenue and profit growth in the first half of 2024, with revenue increasing by 13.77% year-on-year and total profit rising by 15.98% [3][4]. - The growth in revenue is primarily driven by increased sales in textbooks and educational materials, while the company is also actively expanding its research and educational tourism business [4][5]. - The company maintains a solid cash position with over 7 billion yuan on hand and a stable dividend yield of 4.48% over the past 12 months [6]. Revenue and Profit Summary - In H1 2024, the company achieved revenue of 5.944 billion yuan, a year-on-year increase of 13.77%, with a gross profit of 2.282 billion yuan and a gross margin of 38.38% [3]. - The second quarter of 2024 saw revenue of 3.474 billion yuan, up 13.81% year-on-year and 40.66% quarter-on-quarter, with a gross profit of 1.328 billion yuan [3]. - The net profit attributable to shareholders in H1 2024 was 754 million yuan, down 15.64% year-on-year, while the profit before tax increased by 15.98% after excluding tax impacts [3]. Business Segment Performance - The publishing business generated revenue of 1.777 billion yuan in H1 2024, reflecting a year-on-year growth of 5.44% [4]. - The distribution business reported revenue of 4.216 billion yuan, a year-on-year increase of 7.91% [4]. - The educational tourism segment experienced significant growth, with revenue increasing by over 60% year-on-year [5]. Financial Forecast - The company is projected to achieve revenues of 13.604 billion yuan, 14.651 billion yuan, and 15.650 billion yuan for the years 2024, 2025, and 2026, respectively [6][7]. - Expected net profits for the same years are 1.738 billion yuan, 1.927 billion yuan, and 2.064 billion yuan, with corresponding EPS of 0.83 yuan, 0.92 yuan, and 0.99 yuan [6][7].

证券代码：601019 证券简称：山东出版 公告编号：2024-037 山东出版传媒股份有限公司 关于 2024 年第二次临时股东大会增加临时提案的公告 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。 一、 股东大会有关情况 1. 股东大会的类型和届次： 2024 年第二次临时股东大会 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 601019 | 山东出版 | 2024/9/12 | 二、 增加临时提案的情况说明 1. 提案人：山东出版集团有限公司 2. 提案程序说明 公司已于 2024 年 9 月 4 日公告了股东大会召开通知，持有 79.52%股份的股 东山东出版集团有限公司，在 2024 年 9 月 8 日提出临时提案并书面提交股东大 会召集人。股东大会召集人按照《上市公司股东大会规则》有关规定，现予以公 告。 3. 临时提案的具体内容 2024 年 9 月 8 日，公司 2024 年第二次临时股东大会召集人公司董事会收到 公司控股股东山 ...

证券代码：601019 证券简称：山东出版 公告编号：2024-036 山东出版传媒股份有限公司 关于续聘会计师事务所的公告 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。 （一）机构信息 1.基本信息 首席合伙人：谭小青先生 截至 2023 年 12 月 31 日，信永中和合伙人（股东）245 人，注册会计师 1656 人。签署过证券服务业务审计报告的注册会计师人数超过 660 人。 信永中和 2023 年度业务收入为 40.46 亿元，其中，审计业务收入为 30.15 1 重要内容提示： 拟聘任的会计师事务所名称：信永中和会计师事务所（特殊普通合伙） 山东出版传媒股份有限公司（以下简称"公司"）董事会于 2024 年 9 月 8 日 收到控股股东山东出版集团有限公司（持有公司 1,659,514,242 股，股份占公司 总股本的 79.52%）《关于提议增加山东出版传媒股份有限公司 2024 年第二次临 时股东大会临时提案的函》，提议公司董事会将《关于续聘公司 2024 年度财务与 内部控制审计机构的议案》作为临时提案提交 ...

证券研究报告·公司点评报告·出版 山东出版（601019） 2024 年中期业绩点评：收入快速增长趋势延 续，研学文旅收入快速增长 2024 年 09 月 04 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|-------|-------|---------|-------|-------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 11231 | 12154 | 13804 | 14625 | 15576 | | 同比（ % ） | 3.12 | 8.23 | 13.58 | 5.94 | 6.50 | | 归母净利润（百万元） | 1684 | 2376 | 1696 | 1915 | 1981 | | 同比（ % ） | 9.84 | 41.12 | (28.61) | 12.88 | 3.47 | | EPS- 最新摊薄（元 / 股） | 0.81 | 1.14 | 0.81 ...

证券代码：601019 证券简称：山东出版 公告编号：2024-035 山东出版传媒股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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) 股东大会类型和届次 2024 年第二次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 重要内容提示： 一、 召开会议的基本情况 召开的日期时间：2024 年 9 月 19 日 14 点 30 分 召开地点：济南市市中区英雄山路 189 号山东出版传媒股份有限公司 4 楼会 议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 9 月 19 日 股东大会召开日期：2024年9月19日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 至 2024 年 9 月 19 日 采用上海证券交易所网络投票系统，通过交易系 ...

Investment Rating - The investment rating for Shandong Publishing is "Buy" (maintained) with a market price of 11.87 CNY [3][10]. Core Views - The report highlights that Shandong Publishing has achieved significant growth in revenue and profit, indicating a stable operational performance. The decline in net profit is attributed to changes in tax policies leading to increased tax expenses [7]. - The publishing and distribution segments are steadily growing, with the publishing business generating revenue of 1.78 billion CNY in H1 2024, a year-on-year increase of 5.4%, and the distribution business achieving revenue of 4.22 billion CNY, up 7.9% year-on-year [7]. - The company is actively advancing its publishing integration and innovation, particularly in the fields of smart education and cultural tourism, with notable revenue growth in these areas [7]. Financial Summary - For 2024, the projected revenue is 13.35 billion CNY, with a year-on-year growth rate of 10%. The net profit is expected to be 1.85 billion CNY, reflecting a decline of 22% due to tax policy changes [3][8]. - The company's earnings per share (EPS) for 2024 is estimated at 0.89 CNY, with a projected price-to-earnings (P/E) ratio of 13.41 [3][8]. - The total revenue for H1 2024 was 5.944 billion CNY, a 13.8% increase year-on-year, while the total profit reached 1.036 billion CNY, a 16% increase [6][7].

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 5,944,286,461.92, representing a 13.77% increase compared to CNY 5,225,001,650.97 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 15.64% to CNY 754,441,559.08 from CNY 894,319,141.69 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 696,320,858.35, down 16.38% from CNY 832,695,736.41 in the previous year[20]. - The net cash flow from operating activities was negative at CNY -243,824,485.36, a significant decline of 168.83% compared to CNY 354,241,275.36 in the same period last year[20]. - Basic earnings per share for the reporting period were CNY 0.36, a decrease of 16.28% from CNY 0.43 in the same period last year[24]. - The weighted average return on net assets was 4.96%, down from 6.45% in the previous year, reflecting a decline of 1.49 percentage points[24]. - The company reported a significant increase in investment income, which rose to CNY 34,830,847.43 from CNY 7,728,500.91 year-over-year[131]. - The company experienced a decrease in comprehensive income, totaling CNY 708,872,644.36 for the first half of 2024, compared to CNY 871,661,159.01 in the same period of 2023[132]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,441,066,523.82, down 6.18% from CNY 22,853,562,176.95 at the end of the previous year[23]. - The total liabilities decreased from CNY 9,878,174,484.44 to CNY 9,416,090,426.05, a decline of about 4.7%[124]. - The total equity attributable to shareholders decreased to CNY 14,405,851,541.51, down 3.1% from CNY 14,865,275,982.43[125]. - Cash and cash equivalents decreased from CNY 6,870,734,653.84 to CNY 5,374,900,285.35, a decline of approximately 22.8%[123]. - Accounts receivable increased from CNY 1,370,389,147.17 to CNY 1,680,577,858.56, representing a growth of about 22.6%[123]. - The company's total liabilities amounted to CNY 7,038,354,777.07, a decrease of 12.0% from CNY 7,991,059,074.56 on December 31, 2023[125]. Business Operations - The company’s main business includes publishing, distribution, printing, and trading of printing materials, with a focus on textbooks and educational materials showing steady growth[28]. - The publishing segment includes both proprietary and agency-based educational materials, contributing to the overall revenue growth[30]. - The distribution business is supported by a wholly-owned subsidiary, which handles the wholesale and retail of various publications[30]. - The printing segment serves both internal and external clients, maintaining a stable operational model[30]. - The company is expanding into innovative sectors such as digital copyright, smart education, and cultural tourism, enhancing its competitive edge[31]. - The company is actively adapting to the digital transformation trend in the publishing industry, responding to changes in reading habits due to rapid technological advancements[63]. Shareholder Information - The largest shareholder, Shandong Publishing Group Co., Ltd., holds 1,659,514,242 shares, accounting for 79.52% of the total shares[116]. - China Life Insurance Company increased its holdings by 25,540,822 shares, representing 1.22% of the total shares[116]. - The company has not reported any changes in share capital or significant shareholder relationships during the reporting period[113]. Research and Development - Research and development expenses rose by 16.18% to CNY 12,346,326.76, driven by the printing technology transformation project and the publishing industry brain project[54]. - The company is focusing on technological empowerment and innovation transformation to explore new growth points and development paths[34]. Community Engagement and Social Responsibility - The company has initiated various themed publications to showcase poverty alleviation achievements, including works that reflect historical and contemporary narratives[76]. - The company has established a volunteer team to support the procurement and distribution of books for rural libraries, enhancing access to quality literature[81]. - The company organized over 5,400 brand activities under the "Xinhua Reading Plan," attracting 798,000 participants[49]. Compliance and Governance - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled[93]. - There were no significant lawsuits or arbitration matters during the reporting period[92]. - The company has committed to not interfering with the management activities of the issuer and will compensate investors for any losses due to non-compliance with commitments[90]. Environmental Initiatives - The company has implemented environmental protection measures, including the installation of VOCs waste gas collection facilities and the promotion of green printing practices, achieving "green printing" certification[72]. - All three subsidiaries of Shandong Xinhua Printing Co., Ltd. have passed national green printing certification and are not listed as key polluting enterprises[74].

证券代码：601019 证券简称：山东出版 公告编号：2024-029 1 山东出版传媒股份有限公司 第四届监事会第十三次（定期）会议决议公告 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。 一、监事会会议召开情况 山东出版传媒股份有限公司（以下简称"公司"）第四届监事会第十三次（定 期）会议，于 2024 年 8 月 30 日上午在公司会议室以现场会议方式召开。公司全体 监事于 2024 年 8 月 20 日全部收到当日发出的关于召开本次会议的书面通知。会议 由公司监事会主席王长春先生召集并主持，采用记名投票的方式表决，会议应出席 监事 3 名，实际出席监事 3 名，公司代理财务总监、证券事务代表及相关人员列席 了会议。会议的通知、召集和召开程序、议事内容、表决程序均符合《公司法》等 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，会议决议合 法有效。 二、监事会会议审议情况 1.审议通过了《关于公司部分募投项目结项的议案》 具体内容详见公司同日在指定媒体和上交所网站（www.sse.com.cn）披露的《山 ...

证券代码：601019 证券简称：山东出版 公告编号：2024-028 山东出版传媒股份有限公司 第四届董事会第二十六次（定期）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。 重要内容提示： 公司董事长张志华先生因工作原因未能出席会议，书面授权委托公司董事 郭海涛先生代为出席会议并表决。 全体董事对全部议案投赞成票。 一、董事会会议召开情况 山东出版传媒股份有限公司（以下简称"公司"）第四届董事会第二十六次（定 期）会议于 2024 年 8 月 30 日上午，在公司会议室以现场加通讯表决的会议方式召 开，公司全体董事于 2024 年 8 月 20 日，全部收到当日发出的关于召开本次会议的 书面或电子邮件通知；于 2024 年 8 月 26 日全部收到公司当日发出的书面或电子邮 件补充通知。经征询公司全体董事意见，一致同意推举公司董事郭海涛先生为本次 会议的召集和主持人。会议应出席董事 6 名，实际出席董事 5 名，公司董事长张志 华先生因工作原因未能出席会议，书面授权委托董事郭海涛先生代为出席会议并表 决，独立董 ...