Group 1 - The company, Zhejiang Publishing (601921.SH), reported a revenue of 5.093 billion yuan for the first half of the year, a year-on-year decrease of 2.66% [1] - The company's net profit attributable to shareholders reached 676 million yuan, reflecting a year-on-year increase of 33.50% [1] - The company plans to distribute a cash dividend of 1 yuan for every 10 shares to all shareholders [1] Group 2 - The company is focusing on the collaborative development of five key elements: books, stores, digital, chains, and people [1] - The company has implemented a mechanism for annual key tasks and quarterly operational work lists to ensure effective management and oversight [1] - The company's core business in educational materials and auxiliary products is showing stable growth [1]

浙江出版传媒股份有限公司2025 年半年度报告 公司代码：601921 公司简称：浙版传媒 浙江出版传媒股份有限公司 2025 年半年度报告 1 / 195 浙江出版传媒股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人程为民、主管会计工作负责人施慧光及会计机构负责人（会计主管人员）施慧 光声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的重大风险。公司已在本报告中详细描述 可能存在的相关风险，敬请查阅第三节"管理层讨论与分析"之"可能面对的风险"有关内容。 经公司2024年年度股东大会授权，公司第三届董事会第七次会议于2025年8月21日审议通过了 《关于 ...

Group 1 - The company reported a revenue of 5.093 billion yuan for the first half of 2025, representing a year-on-year decrease of 2.66% [1] - The net profit for the same period was 676 million yuan, showing a year-on-year increase of 33.50% [1] - The company plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders, totaling 222 million yuan (including tax) [1]

Core Insights - The publishing sector experienced a rise of 0.82% on August 21, with Guomai Culture leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Publishing Sector Performance - Guomai Culture (301052) saw a significant increase of 11.37%, closing at 74.14 with a trading volume of 126,300 shares and a transaction value of 926 million [1] - Other notable performers included: - Zhongwen Online (300364) up 2.28% to 27.40 with a transaction value of 2.017 billion [1] - Dook Culture (301025) up 1.49% to 11.55 with a transaction value of 157 million [1] - Central Plains Media (000719) up 1.38% to 13.24 with a transaction value of 129 million [1] Capital Flow Analysis - The publishing sector saw a net inflow of 406 million from institutional investors, while retail investors experienced a net outflow of 279 million [2] - The capital flow for key stocks included: - Zhongwen Online (300364) with a net inflow of 23.2 million from institutional investors [3] - Guomai Culture (301052) with a net inflow of 14.7 million from institutional investors [3] - China Science Publishing (601858) with a net inflow of 29.68 million from institutional investors [3]

证券之星消息，8月20日出版板块较上一交易日上涨0.57%，浙版传媒领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。出版板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601921 | 浙版传媒 | 8.77 | 2.93% | 85.34万 | 7.60亿 | | 605577 | 龙版传媒 | 14.07 | 1.88% | 5.00万 | 6955.99万 | | 601811 | 新华文轩 | 15.96 | 1.72% | 3.99万 | 6343.18万 | | 600373 | 中文传媒 | 10.52 | 1.25% | 27.85万 | 2.94亿 | | 601801 | 皖新传媒 | 7.03 | 1.01% | 19.35万 | 1.35亿 | | 300788 | 中信出版 | 33.00 | 0.92% | 7.19万 | 2.40亿 | | 601949 | 中国出版 | 6.95 | ...

Group 1 - Zhejiang Publishing (浙版传媒) announced on August 19 that its subsidiary, Zhejiang Literature Publishing Co., Ltd., obtained the offline publication rights for "A Mortal's Journey to Immortality," with the first five volumes set to be published in May 2025 [1] - The publication contract currently does not include any authorization for additional products beyond the accompanying merchandise [1] Group 2 - Recent popularity of the "A Mortal's Journey to Immortality" IP has led to significant engagement, with the anime raising 10 million in funding within ten hours and Bilibili experiencing server crashes due to 420,000 concurrent users [2] - The stock price of Yuedu Group surged by 25% on the morning of August 18, 2025, reflecting the IP's rising prominence [2] - Investors are inquiring whether Zhejiang Publishing will explore collaboration opportunities with copyright holders like Yuedu Group or Wanwei Cat Animation to develop IP-related products or engage in non-heritage cooperation [2]

Core Viewpoint - Zhejiang Version Media has obtained the offline publishing rights for "A Mortal's Journey to Immortality," with the first five volumes set to be published in May 2025 [1] Group 1 - The company announced on an interactive platform that its subsidiary, Zhejiang Literature Publishing Co., Ltd., will publish the physical book version of "A Mortal's Journey to Immortality" in 2024 [1] - The first set of volumes (1-5) is scheduled for release in May 2025 [1] - According to the publishing contract, there are currently no additional licensing agreements beyond the accompanying merchandise [1]

从资金流向上来看，当日出版板块主力资金净流出2.7亿元，游资资金净流出2226.95万元，散户资金净流 入2.92亿元。出版板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601921 | 浙版传媒 | 3082.69万 | 11.39% | September 1998 401.01万 | 1.48% | -3483.70万 | -12.88% | | 301052 | 果麦文化 | 2354.94万 | 7.64% | -180.25万 | -0.58% | -2174.70万 | -7.06% | | 301231 | 荣信文化 | 942.76万 | 4.50% | -2266.75万 | -10.83% | ﻟﻠ 1323.99万 | 6.33% | | 601098 | 中南传媒 | 687.77万 | 5.63% | -983.84万 | -8.06% | 296.07万 | ...

Core Points - Zhejiang Publishing Media Co., Ltd. has announced the completion of fundraising projects and the permanent replenishment of surplus funds into working capital [1][2] - The company raised a total of RMB 228,444.45 million through its initial public offering, with a net amount of RMB 220,650.49 million after deducting various fees [1] - The company has established a management system for the raised funds, including a three-party supervision agreement with banks and the sponsor [2] Fundraising Overview - The company was approved to issue 22,222.2223 million shares at a price of RMB 10.28 per share [1] - All raised funds have been deposited into a special account approved by the board of directors [1] - The company has complied with the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding the management of raised funds [2] Project Completion and Fund Usage - The projects "Key Book Publishing Project of Zhejiang Education Publishing Group Co., Ltd." and "Key Book Publishing Project of Zhejiang Literature Publishing Co., Ltd." have been completed, and the surplus funds have been permanently supplemented into working capital [1][2] - The surplus funds' account has been closed following the completion of the projects [2]

Market Overview - The publishing sector increased by 0.61% on August 15, with Zhongnan Media leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Individual Stock Performance - Zhongnan Media (601098) closed at 13.20, up 2.25% with a trading volume of 166,100 shares and a transaction value of 216 million [1] - Guomai Culture (301052) closed at 62.60, up 2.20% with a trading volume of 77,300 shares and a transaction value of 476 million [1] - Longban Media (605577) closed at 13.52, up 1.50% with a trading volume of 50,100 shares [1] - Other notable performers include Yue Media (002181) up 1.46% and Zhejiang Publishing (601921) up 1.22% [1] Fund Flow Analysis - The publishing sector experienced a net outflow of 196 million from institutional investors, while retail investors saw a net inflow of 182 million [2] - The overall trend indicates that institutional investors are pulling back, while retail investors are increasing their positions [2] Detailed Fund Flow for Selected Stocks - Zhongnan Media had a net inflow of 40.31 million from institutional investors, but a net outflow of 31.13 million from speculative funds [3] - Phoenix Media (601928) saw a net inflow of 8.23 million from institutional investors, while retail investors contributed a net inflow of 327.09 million [3] - Other stocks like Wuxin Media (601801) and Changjiang Media (600757) showed mixed fund flows, with varying levels of institutional and retail participation [3]