湖南启元律师事务所 关于中南出版传媒集团股份有限公司 2025 年第三次临时股东会的 法律意见书 2025年12月 致:中南出版传媒集团股份有限公司 湖南启元律师事务所(以下简称"本所")接受中南出版传媒集团股份有限公 司(以下简称"公司")委托,指派律师出席公司 2025年第三次临时股东会(以 下简称"本次股东会")。根据《中华人民共和国公司法》(以下简称"《公司法》") 《上市公司股东会规则》(以下简称"《股东会规则》")等中国现行法律、法规、 规章和规范性文件以及《中南出版传媒集团股份有限公司章程》(以下简称"《公 司章程》"）的相关规定,就公司本次股东会的召集、召开程序、出席会议的人 员资格、召集人资格、表决程序及表决结果等事宜出具本法律意见书。 为出具本法律意见书,本所律师出席了本次股东会,并核查和验证了公司提 供的与本次股东会有关的文件、资料,同时听取了公司就有关事实的陈述和说明。 本所出具本法律意见书是基于公司向本所保证;公司已向本所提供了为出具 本法律意见书所必需的资料和信息,一切足以影响本法律意见书的事实和资料均 已向本所披露:公司向本所提供的所有资料和信息均真实、准确、完整,不存在 任何虚 ...

证券代码：601098 证券简称：中南传媒 公告编号：2025-054 中南出版传媒集团股份有限公司 2025年第三次临时股东会决议公告 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)股东会召开的时间：2025 年 12 月 8 日 (二)股东会召开的地点：湖南省长沙市开福区营盘东路 38 号公司办公楼十楼会 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 | 775 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,270,917,032 | | 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（%） | 70.7637 | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由公司董事会召集，由董事长贺砾辉主持，采用现场投票和网络 投票相结合的表决方式。会议召开符合《公司法》和《公司 ...

Core Viewpoint - The publishing sector experienced a decline of 2.09% on December 5, with significant losses led by Times Publishing, while the overall Shanghai Composite Index rose by 0.7% and the Shenzhen Component Index increased by 1.08% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3902.81, up 0.7% [1] - The Shenzhen Component Index closed at 13147.68, up 1.08% [1] - Times Publishing's stock closed at 8.41, down 1.29% [2] Group 2: Individual Stock Performance - Notable gainers in the publishing sector included: - Reader Culture: closed at 10.73, up 1.32% with a trading volume of 205,700 shares and a turnover of 220 million [1] - New Classics: closed at 18.02, up 1.24% with a trading volume of 20,800 shares and a turnover of 37.12 million [1] - Chinese Online: closed at 25.12, up 1.17% with a trading volume of 269,500 shares and a turnover of 670 million [1] - Other stocks in the sector showed mixed performance, with some experiencing slight declines [2] Group 3: Capital Flow - The publishing sector saw a net outflow of 41.45 million from institutional investors and 36.30 million from retail investors, while retail investors had a net inflow of 77.75 million [2] - Key stocks with significant capital flow included: - Chinese Online: net inflow of 26.92 million from institutional investors, but a net outflow of 25.39 million from retail investors [3] - Chinese Media: net inflow of 21.79 million from institutional investors, with a net outflow of 13.37 million from retail investors [3] - Times Publishing: net inflow of 7.87 million from institutional investors, but a net outflow of 5.68 million from retail investors [3]

Group 1 - The core viewpoint of the article highlights the competitive landscape and market concentration of the Chinese media industry, indicating that the industry is characterized by a large number of listed companies and varying levels of competition among them [1][5]. Group 2 - In terms of revenue rankings, the top three media companies in China are BlueFocus, Leo Group, and 37 Interactive Entertainment, each projected to exceed 17 billion yuan in revenue by 2024 [2]. Group 3 - The overall revenue of China's media industry is expected to reach 507.1 billion yuan in 2024, with a CR3 of 20.62%, CR5 of 28.14%, and CR10 of 41.10%, indicating a relatively low market concentration and intense competition [5]. Group 4 - Among the listed media companies, 37 Interactive Entertainment has the highest gross profit margin for its products, reaching 78.63% in 2024 [6]. Group 5 - An analysis using the Five Forces model reveals that the media industry is primarily dominated by large enterprises, with intense competition from smaller firms. The bargaining power of suppliers is strong, while the bargaining power of consumers is weak due to the low substitutability of media products. The threat of new entrants is significant due to low entry barriers, and the risk of market substitution is low [8].

Core Insights - The publishing sector saw an increase of 0.99% on December 1, with Changjiang Publishing leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Publishing Sector Performance - Changjiang Publishing (600757) closed at 9.09, up 5.57% with a trading volume of 499,900 shares and a transaction value of 452 million yuan [1] - Phoenix Publishing (601928) closed at 10.27, up 2.80% with a trading volume of 366,300 shares and a transaction value of 376 million yuan [1] - Shandong Publishing (601019) closed at 8.73, up 2.59% with a trading volume of 235,400 shares and a transaction value of 205 million yuan [1] - The overall trading volume and transaction values for other notable companies in the sector were also reported, indicating a generally positive trend [1] Capital Flow Analysis - The publishing sector experienced a net outflow of 283 million yuan from institutional investors, while retail investors saw a net inflow of 162 million yuan [2] - The data indicates that speculative funds had a net inflow of 121 million yuan into the sector [2] Individual Stock Capital Flow - Zhongnan Publishing (601098) had a net inflow of 38.16 million yuan from institutional investors, while it faced a net outflow of 35.82 million yuan from speculative funds [3] - Shandong Publishing (601019) saw a net inflow of 17.85 million yuan from institutional investors, with a small net outflow from retail investors [3] - Other companies like Xinhua Publishing (600825) and Changjiang Publishing (600757) also showed varied capital flows, reflecting mixed investor sentiment [3]

议案一： 中南出版传媒集团股份有限公司 China South Publishing & Media Group Co.,Ltd 2025 年第三次临时股东会会议资料 二〇二五年十二月八日 各位股东及股东代表： 为切实履行好避免同业竞争承诺，有效解决湖南教育报 刊集团有限公司（以下简称"教育报刊集团"）、湖南教育音像 电子出版社有限公司（以下简称"教育音像社"）、湖南地图出 版社有限公司（以下简称"地图社"）三家公司与中南出版传 媒集团股份有限公司（以下简称"中南传媒"）之间的同业竞 争问题，湖南出版投资控股集团有限公司（以下简称"出版集 团"）和中南传媒一直致力于将上述三家公司注入中南传媒。 经不懈努力，对注入工作构成重大影响的问题均已妥善解决。 但现三家公司因出版行业数字化转型面临诸多挑战，数智化 建设前期投入大，以及教辅政策变化的影响，未来经营发展 与转型是否成功存在不确定性。为保护上市公司和中小股东 利益，出版集团提出将其 2023 年 12 月出具的将三家公司注 入中南传媒的承诺完成期限延长 5 年，即在 2030 年 12 月 8 日前履行完毕，当前继续由出版集团、中南传媒及三家公司 三方签署委托 ...

Core Insights - The Chinese media industry has experienced rapid growth over the past 20 years, but growth rates have slowed down due to the saturation of internet user demographics and the decline in traditional media advertising revenues [2] - In 2019, the growth rate of the media industry fell below 10% for the first time, primarily due to the impact of US-China trade tensions and overall economic downturn, with total output value reaching 22,625.4 billion yuan and a growth rate of 7.95% [2] - The media industry faced rare negative growth in 2022, attributed to macroeconomic pressures, ongoing pandemic impacts, and regulatory changes in sectors like online gaming [2] - In 2023, the media industry began to recover, with total output value reaching 31,518.23 billion yuan, marking an 8.38% year-on-year increase, driven by offline consumption recovery and new technological concepts [2] - The media industry's total output value is projected to reach approximately 34,157.9 billion yuan in 2024, indicating a positive growth trajectory [2] Industry Overview - The media industry encompasses various forms of information dissemination, categorized into four types of media [4] - The evolution of the media industry has been marked by significant changes in technology, transitioning from traditional media to new media platforms [6] Industry Policies - Recent policies have focused on the transformation and development of the media industry, emphasizing talent integration between traditional and new media [8] - The government has introduced measures to enhance cultural originality and support various creative sectors, including literature, arts, and digital media [8][9] Industry Value Chain - The media industry value chain consists of upstream content creation, midstream operations and distribution, and downstream end-users, with midstream players holding significant market power [10] Online Literature Market - The online literature sector has grown significantly, with market size increasing from 20.17 billion yuan in 2019 to a projected 41.99 billion yuan in 2024, reflecting a compound annual growth rate of 15.79% [12]

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant daily and year-to-date gains along with dividend yields [1]. Group 1: Stock Performance - The top stock, Dai Mei Co., Ltd. (603730 SH), experienced a daily increase of 9.99% and a year-to-date increase of 21.56%, with a dividend yield of 3.68% [1]. - Siwei Liekong (603508 SH) saw a daily rise of 6.14% and a year-to-date rise of 31.38%, boasting a high dividend yield of 13.33% [1]. - Other notable performers include Jia Fei Ya (002572 SZ) with a daily increase of 4.19% but a year-to-date decline of 11.70%, and Xin Ao Co., Ltd. (603888 SH) with a daily rise of 3.92% and a year-to-date increase of 11.45% [1]. Group 2: Dividend Yields - The article lists several companies with attractive dividend yields, such as Siwei Liekong (13.33%), Jia Fei Ya (7.35%), and Yutong Bus (600066 SH) with a yield of 6.54% [1]. - Companies like Zhongyang Media (000719 SZ) and Yilian Network (300628 SZ) also show competitive dividend yields of 5.10% and 5.41%, respectively [1]. Group 3: Market Trends - The formation of a MACD golden cross signal indicates a positive market trend, suggesting that stocks in this index may continue to perform well [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 就在市场期待控股股东兑现资产注入承诺之际，中南传媒的一纸公告，让投资者措手不及。此前公司董 秘在互动平台"预计能在今年完成"的明确表态，与如今突然宣布的"延长履行期限"形成巨大反转，顿时 让公司股吧"炸锅"。 10月27日，有投资者在上证E互动平台上向中南传媒提问，公司承诺的资产重组进展如何？公司后续是 否会进行资产重组等。 当时，公司董秘王清学给予了颇为积极的回应。他明确答复称："目前这三家单位处于上市公司托管经 营中，控股股东相关的资产注入工作正在稳步推进当中，预计能在今年完成。" 这一表态无疑给市场吃 了一颗"定心丸"，让投资者相信拖延近两年的承诺即将在2025年末画上句号。 公告中，公司坦言，由于"资产注入所涉及的审计、评估、审批等相关工作完成时间晚于预期"，为确保 相关工作稳妥、顺利地进行，经公司董事会审议，同意控股股东湖南出版投资控股集团有限公司将上述 资产注入承诺的履行期限延长至2030年12月8日。 然而，短短不到一个月后，情况急转直下。2025年11月21日，中南传媒发 ...

Key Points - The core viewpoint of the announcements highlights various corporate actions including stock repurchases, project investments, and significant contracts awarded to companies in different sectors [1]. Group 1: Hot Topics - China Resources (合富中国) may apply for a trading suspension if its stock price continues to rise abnormally [1] - Huarong Chemical (华融化学) has not yet introduced customers in the photolithography or photolithography machine sectors [1] Group 2: Project Investments - Zhongnan Media (中南传媒) plans to use raised funds for the upgrade and renovation of Hunan Book City [1] - Shanghai Airport (上海机场) is transferring assets related to the third phase expansion of Pudong Airport to the airport group [1] Group 3: Contract Awards - *ST Weihai (围海) signed a major contract worth 313 million yuan [1] - Qinglong Pipe Industry (青龙管业) won bids for the Pengyang County Wangwa area water supply project and another project worth 294 million yuan [1] - Huakang Clean (华康洁净) is expected to win the bid for the purification system project at Keqiao Future Medical Center [1] Group 4: Equity Acquisitions - Huadian Electric (沪电股份) intends to purchase a 15% stake in Shengweice along with its patents and technical assets [1] - Dongfang Yuhong (东方雨虹) plans to acquire 60% of Novakem to strengthen its presence in Brazil and expand into the Latin American market [1] - Lek Electric (莱克电气) plans to transfer 90% of its precision machinery stake to Chuangyuan Resources [1] Group 5: Stock Buybacks - Tianhe Solar (天合光能) has repurchased 2.1715% of its shares [4] - Hangcai Co. (航材股份) plans to spend 50 million to 100 million yuan on share buybacks [4] - Aidi Precision (艾迪精密) intends to repurchase shares worth 100 million to 200 million yuan [4] Group 6: Shareholding Changes - Longxun Co. (龙迅股份) plans to reduce its holdings by no more than 1.8623% [4] - Huaya Intelligent (华亚智能) shareholders plan to collectively reduce their holdings by no more than 2.98% [4] - Wenkai Co. (文峰股份) has its deputy general manager under investigation and subjected to detention measures [4] - EVE Energy (亿纬锂能) signed a procurement framework agreement with Smoore International [4]