证券代码：601900 证券简称：南方传媒 公告编号：临 2025-016 南方出版传媒股份有限公司 关于注销回购股份减少注册资本暨通知债权人的公告 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、通知债权人的原由 南方出版传媒股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开 第五届董事会第十一次会议，于 2025 年 5 月 29 日召开 2024 年年度股东大会， 审议通过了《关于变更公司回购股份用途并注销的议案》。根据相关规定并结合 公司实际情况，公司拟对回购专用证券账户中的 13,906,472 股股份的用途变更 为"用于注销并减少注册资本"，并在履行法定审批程序后予以注销。注销完成 后，公司总股本将由 895,876,566 股减少为 881,970,094 股,注册资本将由 895,876,566 元减少为 881,970,094 元。上述具体内容请见本公司于 2025 年 4 月 26 日在上海证券交易所网站（http://www.sse.com.cn）披露的《南方出版传 媒股份有限公司 ...

广东省广州市天河区天河北路 189 号中国市长大厦 1801 室 邮编：510620 电话：（86-20）38061168 传真：（86-20）87551834 北京浩天（广州）律师事务所 关于南方出版传媒股份有限公司 2024 年年度股东大会的 法律意见书 致：南方出版传媒股份有限公司 根据中国证监会发布的《上市公司股东大会规则》（下称"《股东 大会规则》"）的有关规定，北京浩天（广州）律师事务所（以下简称 "本所"）受南方出版传媒股份有限公司（以下简称"公司"）的委托， 指派律师出席公司于 2025 年 5 月 29 日在广州市越秀区水荫路 11 号 出版大楼二楼 203 会议室召开的南方出版传媒股份有限公司 2024 年 年度股东大会（下称"本次股东大会"），并就本次股东大会的召集和 召开程序、召集人资格、出席和列席会议人员资格、表决程序及表决 结果等事宜发表法律意见。 《南方出版传媒股份有限公司股东大会议事规则》（以下简称"公司 股东大会议事规则"）的有关规定，就本次股东大会有关事宜出具本 法律意见。 本所经办律师按照律师行业公认的业务标准、道德规范和勤勉尽 责精神，对公司提供的有关文件和资料进行了核 ...

证券代码：601900 证券简称：南方传媒 公告编号：临 2025-015 南方出版传媒股份有限公司 2024年年度股东大会决议公告 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 5 月 29 日 (二) 股东大会召开的地点：广州市越秀区水荫路 11 号出版大楼二楼 203 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 | 146 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 572,220,887 | | 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（%） | 63.8727 | (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。 本次股东大会由董事会召集，根据相关规定，由公司董事长谭君铁先生主持 会议。本次股东大会的召集、召开及表决方式符合《中华 ...

南方传媒 20250526 广东人民出版社在人工智能方面取得了哪些成效？ 广东人民出版社创建于 1,951 年，是广东历史最悠久的综合性出版社，被誉为 广东出版业的黄埔军校。近年来，该社紧扣新技术变革脉搏，在出版融合发展 的方向上持续发力。截至目前已成功上线 7 款智能体产品，包括 3 个综合性智 能体和 4 个图书垂直领域智能体，覆盖岭南文化以及生活百科等领域。这些智 能体具备专业知识处理能力，对岭南城市历史、广东方言文化、美食制作等问 题进行精准归纳与脉络梳理，并运用表情符号使知识传递既准确可靠又生动有 趣。此外，该平台已上线本社优质图书 1,000 余种，通过短视频内容有效与传 统纸质图书线上销售形成互动。 摘要 南方传媒与腾讯深度合作，探索"出版+AI"新模式，共同服务广东文化 强省战略，培育新质生产力，实现高质量发展，并初步展示了图书智能 体等成果，标志着出版业与 AI 的深度融合。 图书智能体通过将出版内容注入 AI 知识库，利用腾讯云平台，为用户提 供粤菜技法、文化、养生等方面的专业指导，包含 8,000 道针灸技法、 1,000 种食疗智慧及 200 项粤菜非遗技艺，提供可信可溯的 AI 知识 ...

Core Viewpoint - The company aims to enhance its operational efficiency and shareholder value through strategic reforms and digital transformation initiatives, while maintaining a focus on high-quality publishing and educational services [4][10][11]. Meeting Organization - The annual shareholders' meeting is scheduled for May 29, 2025, in Guangzhou, with participation from eligible shareholders, board members, and legal representatives [1][2]. - The meeting will include the reading of proposals, shareholder discussions, and voting procedures [3][4]. Financial Performance - The company achieved total revenue of 17.383 billion yuan in 2024, representing a year-on-year growth of 7.05% [4]. - The net profit attributable to shareholders was 9.281 billion yuan, with a 0.95 billion yuan increase compared to the previous year [27]. - The total assets reached 173.83 billion yuan, marking a 7.05% increase from the previous year [28]. Business Development - The company published 5,291 titles and 193 audio-visual products in 2024, with significant sales in educational materials, achieving a revenue of 5.36 billion yuan from textbooks and supplementary materials [4][6]. - The company is focusing on digital transformation and enhancing its distribution channels, with a revenue of 7.143 billion yuan from its distribution segment [7][10]. Future Strategy - The company plans to deepen reforms in its publishing sector and enhance its educational publishing ecosystem, aiming to become a leader in local educational publishing [9][10]. - There is a commitment to integrating digital technologies into operations, including the use of big data and AI to meet consumer demands [11][12]. Shareholder Proposals - The board proposed a cash dividend of 5.50 yuan per share, totaling 492.73 million yuan, which represents 80.98% of the net profit attributable to shareholders [24]. - The company plans to continue its focus on high-quality publishing and educational services while exploring new investment opportunities [10][11].

南方出版传媒股份有限公司 601900 2024 年度股东大会 会议材料 2025 年 5 月 29 日 南方出版传媒股份有限公司 2024 年度股东大会议程 会议时间：2025 年 5 月 29 日（星期四）下午 3:00 会议地点：广州市越秀区水荫路 11 号二楼 203 会议室 召 集 人：公司董事会 参加人员：符合条件的股东或其授权委托人、公司董事、 监事及高级管理人员、见证律师 一、大会主持人宣布 2024 年年度股东大会开始，报告 出席会议股东、持有股份数及比例、参会人员 二、董事会秘书宣读本次股东大会须知 8.关于变更公司回购股份用途并注销的议案 （二）股东及股东代表发言，回答问题 三、审议股东大会议案 （一）宣读议案 1.关于公司 2024 年度董事会工作报告的议案 2.关于公司 2024 年度监事会工作报告的议案 3.关于公司 2024 年度报告及其摘要的议案 4.关于公司 2024 年度利润分配方案的议案 5.关于公司 2024 年度财务决算报告的议案 6.关于公司 2024 年度独立董事述职报告的议案 7.关于续聘审计机构的议案 （三）推荐计票、监票的股东、监事代表及律师 （四）对议案进 ...

证券代码：601900 证券简称：南方传媒 公告编号： 临 2025-014 南方出版传媒股份有限公司 一、说明会类型 南方出版传媒股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 日 发布了《南方传媒 2024 年年度报告》和《南方传媒 2025 年第一季度报告》，为 便于广大投资者更全面深入地了解公司经营成果、财务状况，公司计划于 2025 年 5 月 28 日 15:00-16:00 举行 2024 年度暨 2025 年第一季度业绩说明会，就投 资者关心的问题进行交流。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 5 月 28 日 15:00-16:00 （二）会议召开地点：中国证券网（https://roadshow.cnstock.com/） （三）会议召开方式：线上文字互动 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 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。 重要内容提示： ● 问题征集方式：投资者可于 2025 年 5 月 27 日（星期二）16：00 ...

Summary of Southern Media's Conference Call Company Overview - **Company**: Southern Media - **Industry**: Education Publishing and AI in Education Key Financial Performance - **Q1 2024 Revenue**: 21.13 billion CNY, net profit of 3.2 billion CNY, a year-on-year increase of 110%, and non-recurring net profit of 3.606 billion CNY, up 81.5%, marking a three-year high [2][5] - **2024 Total Revenue**: 91.7 billion CNY, with a scale profit of 8.1 billion CNY and non-recurring net profit of 9.4 billion CNY, showing slight revenue decline due to macroeconomic impacts on general books and paper media [3][4] - **2024 Textbook and Auxiliary Income**: 84.6 billion CNY, a 1.9% increase year-on-year [2][6] Core Business Insights - **Textbook Sales**: The Guangdong education version textbooks passed the Ministry of Education's review and are being sold nationwide, with market share in Guangdong continuing to rise [2][6] - **General Book Sales**: Achieved a sales volume of 42.5 billion CNY, a 51% increase, but revenue growth was impacted by short video platforms and e-commerce discounts [2][6] - **Cost Reduction Measures**: Significant cost reductions were achieved, including a decrease in paper costs by over 10 million CNY and a reduction of 174 employees [5] AI and Digital Transformation - **AI in Education**: Launched AI lesson preparation and assistance features on the Yuexiu Xiangyun platform, currently in internal testing with positive feedback [2][7] - **Digital Business Growth**: Digital business revenue is expected to grow by 35% year-on-year in 2024, driven by the success of various digital products [2][13] Dividend Policy - **2024 Dividend**: 0.55 CNY per share, totaling 4.92 billion CNY, with a dividend payout ratio of 60.85% [2][9] - **Share Buyback**: Plans to repurchase approximately 14 million shares to enhance earnings per share and net assets per share [2][9] Market Position and Competitive Advantage - **Yuejiao Star's Digital Textbooks**: Offers a comprehensive range of digital textbooks and free access to compulsory education students through government funding, leveraging user data for targeted marketing [2][10][11] - **Market Competitiveness**: Strong market position due to a wide range of digital textbooks and the ability to understand student needs through data analytics [11][12] Future Outlook - **Population Trends**: Guangdong's population growth and net inflow of people are expected to peak student numbers around 2028-2029, providing a favorable environment for business growth [4][17] - **Response to Declining School-Age Population**: The company is diversifying into AI education, customer service, and Hong Kong-Macau textbooks to find new profit growth points [4][17] Tax Policy Impact - **Tax Changes**: The effective corporate income tax rate was 25% in 2024, with new policies providing tax exemptions in 2025, which will positively impact profits [14][15] Conclusion - Southern Media is positioned for growth through strategic investments in AI and digital education, while maintaining a strong financial performance and a commitment to shareholder returns through dividends and share buybacks. The company is adapting to demographic changes and market challenges by diversifying its offerings and leveraging technology.

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [2][6][7] Core Views - The company's main business operations remain stable, with significant achievements in educational publishing and digital transformation [6] - The company reported a revenue of 9.172 billion yuan in 2024, a decrease of 2.07% year-on-year, while the net profit attributable to shareholders was 810 million yuan, down 36.91% year-on-year [6][7] - The company has a strong cash reserve of 2.314 billion yuan as of Q1 2025 and has implemented an active dividend policy, distributing a total of 1.384 billion yuan in cash dividends over the past three years [6][7] Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 91.72 billion yuan, with a year-on-year decrease of 2.07% due to various factors including changes in consumer habits and reduced income from after-school services [6] - The revenue from textbooks and educational materials was 84.62 billion yuan, an increase of 1.91% year-on-year, while general book revenue was 18.14 billion yuan, a decrease of 7.98% [6] - The company’s net profit attributable to shareholders was 8.10 billion yuan, reflecting a significant decline of 36.91% year-on-year, primarily due to one-time impacts from tax and accounting adjustments [6][7] Future Outlook - The report forecasts the company's net profit attributable to shareholders for 2025-2027 to be 11.80 billion yuan, 12.84 billion yuan, and 13.26 billion yuan respectively, with corresponding PE ratios of 13.4, 12.3, and 11.9 [6][7] - The company is expected to benefit from the extension of tax incentives for state-owned publishing enterprises in 2025, which will eliminate the impact of income tax expenses [6] Market Position - The company has enhanced its digital capabilities, becoming the first in the country to include digital textbooks in the free teaching materials directory, and has significantly increased the issuance of its learning cards [6] - The company has also expanded its international presence, with 319 types of book copyrights exported, including successful exports to Southeast Asia [6]

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company reported strong profit performance in Q1 2025, with a significant increase in net profit by 110% year-on-year, reaching 320 million yuan [1] - The company is a leading publishing and distribution enterprise in Guangdong Province, with stable growth in core businesses such as educational materials and general books, while educational services are expected to become another growth point [2] - The company has announced a record high dividend payout ratio of 61%, reflecting its commitment to shareholder returns [7] Financial Performance Summary - In Q4 2024, the company achieved operating revenue of 2.69 billion yuan, a year-on-year decrease of 7.7%, and a net profit of 280 million yuan, down 53.5% year-on-year [1] - For the full year 2024, the company reported operating revenue of 9.17 billion yuan, a decrease of 2.1% year-on-year, and a net profit of 810 million yuan, down 36.9% year-on-year [2] - In Q1 2025, the company recorded operating revenue of 2.11 billion yuan, an increase of 1.2% year-on-year, and a net profit of 320 million yuan, up 110% year-on-year [1][2] Profit Forecast and Valuation - The forecasted net profits for 2025, 2026, and 2027 are 1.15 billion yuan, 1.19 billion yuan, and 1.25 billion yuan respectively, with corresponding EPS of 1.28 yuan, 1.33 yuan, and 1.39 yuan [2] - The target price for 2025 is set at 17.92 yuan, based on a P/E ratio of 14 times [2] Market Performance - The company's stock price as of April 30, 2025, was 16.49 yuan, with a 52-week high of 17.36 yuan and a low of 10.66 yuan [3] - The company has shown strong relative performance against the market, with a 1-week return of 5.5% and a 1-month return of 3.13% [4]