证券之星消息，12月9日出版板块较上一交易日上涨0.11%，中国出版领涨。当日上证指数报收于 3909.52，下跌0.37%。深证成指报收于13277.36，下跌0.39%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 676109 | 中国出版 | 6.62 | 2.80% | 23.08万 | | 1.54亿 | | 6668209 | 读者传媒 | 7.50 | 1.90% | 30.05万 | | 2.25亿 | | 603230 | 内蒙新华 | 12.76 | 1.11% | 4.36万 | 5548.25万 | | | 601921 | 浙版传媒 | 8.05 | 1.00% | 13.31万 | | 1.07亿 | | 601858 | 中国科传 | 18.57 | 0.92% | 5.35万 | 9923.57万 | | | 600757 | 长江传媒 | 9.19 | 0.77% | 13.60万 | | 1.25亿 | | 601 ...

（来源：浙江出版传媒） 眉毛虽小，却大有文章。它不仅点缀了面容，也记录着千百年间的时代审美与女性地位变迁。画眉材料与技法的精微，体现了古人生活中的智慧匠心，眉 梢的每一次弯折与舒展，蕴藏着丰富的内心情感，映射出人生百态。跟着越书房，去浙江教育出版社出版的《眉上风止》一书中，感受眉尖上的千年故 事。 眉与目，是面部最灵动的所在，既能传情达意，亦能彰显个性。"水是眼波横，山是眉峰聚"，王观以山水喻眉眼，道尽眉目神韵；木心则更精辟地点 出："眉是定型而静态的，眉一旦动起来比眼还迷人"。 古代女子通过描画眉毛来修饰容貌，是再寻常不过的事。然而，眉的意义远不止于容颜的妆点。在漫长的时光里，它是文化的刻度，度量着时代审美的流 变与文化观念的更迭。女子精心勾勒其形，文人品评其相，眉妆因此超越身体发肤的范畴，成为窥见一个时代精神世界的独特窗口。中国女子画眉的历史 源远流长，其创造力与极致讲究，即便放在今天，也足以令自诩时尚的现代人心生敬佩。 眉形，时代风骨的史诗 若说黛色是眉妆的灵魂，那么眉形便是其风骨。女子的性情与整个时代的气韵，都藏在眉梢那一弯的弯折、舒展、浓淡与长短之间。眉形的变迁，宛如一 部流动的美学史与无声的史书， ...

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]

Group 1 - The company has signed a share transfer agreement with Zhejiang Publishing Group to acquire 133,336,666 shares of Zhejiang Publishing Media Co., Ltd., representing 6.00% of its total share capital, at a price of 8.82 CNY per share, totaling approximately 1.18 billion CNY [1] - As of November 28, 2025, the company received notification from Zhejiang Publishing Group that it has obtained approval from its superior authority, allowing the transaction to proceed [2] - The company will submit materials for compliance review to the Shanghai Stock Exchange and will follow legal and regulatory requirements for disclosure, ensuring the protection of investors' rights [2]

Core Viewpoint - Zhejiang Publishing Media Co., Ltd. (referred to as "the company" or "Zhejiang Media") is undergoing a share transfer process where its controlling shareholder, Zhejiang Publishing United Group Co., Ltd. (referred to as "Zhejiang Group"), plans to transfer 6.00% of its shares to Zhejiang Digital Culture Group Co., Ltd. at a price of 8.82 yuan per share, pending regulatory approvals [1][2]. Group 1 - The controlling shareholder, Zhejiang Group, signed a share transfer agreement with Zhejiang Digital Culture on September 29, 2025, to transfer 133,336,666 shares, representing 6.00% of the company's total share capital [1]. - The price for the share transfer is set at 8.82 yuan per share, indicating a strategic move by the controlling shareholder to adjust its stake in the company [1]. - On November 28, 2025, the company received a notice from Zhejiang Group regarding the approval from the Zhejiang Provincial Finance Department and the Zhejiang Provincial Publicity Department for the share transfer [2]. Group 2 - The share transfer is subject to compliance confirmation from the Shanghai Stock Exchange and requires an application for share transfer registration with China Securities Depository and Clearing Corporation Limited [2]. - There remains uncertainty regarding the final completion of the share transfer, and the company will adhere to legal disclosure obligations as the situation progresses [2].

（文章来源：证券日报） 证券日报网讯 11月28日晚间，浙数文化发布公告称，2025年9月29日，公司与浙江出版联合集团有限公 司（简称"浙江出版集团"）正式签署《股份转让协议》，公司拟以自有资金和自筹资金，通过非公开协 议转让的方式受让浙江出版集团持有的浙江出版传媒股份有限公司（股票代码：601921.SH，简称"浙版 传媒"）133，336，666股股份（占浙版传媒总股本的6.00%），股份转让价格为8.82元/股，股份转让价 款共计1，176，029，394.12元人民币。2025年11月28日，公司收到浙江出版集团通知，浙江出版集团 已取得其上级主管部门出具的同意批复。 ...

证券代码：601921 证券简称：浙版传媒 公告编号：2025-051 浙江出版传媒股份有限公司（以下简称"公司"或"浙版传媒"）于 2025 年 9 月 29 日收到控股股东浙江出版联合集团有限公司（以下简称"浙版集团"）通知，浙版集团 与浙报数字文化集团股份有限公司（以下简称"浙数文化"）当日签署了《股份转让协 议》，浙版集团拟将其持有的 133,336,666 股公司股票（占公司总股本的 6.00%），以 8.82 元/股的价格，通过非公开协议转让方式转让至浙数文化。具体内容详见公司在上 海证券交易所网站 （www.sse.com.cn）2025 年 9 月 30 日披露的《浙江出版传媒股份 有限公司关于控股股东协议转让部分公司股份暨权益变动的提示性公告》（公告编号： 2025-043）及相关简式权益变动报告书。 2025 年 11 月 28 日，公司收到控股股东浙版集团转发的《浙江省财政厅 中共浙 江省委宣传部关于原则同意浙江出版联合集团有限公司协议转让浙版传媒流通股股 份的批复》（浙财文〔2025〕28 号），主管部门已批复同意浙版集团与浙数文化协议 转让浙版传媒 6.00%股份的交易事项。 本次股 ...

Group 1 - The core announcement is regarding the approval of the transfer of 6% of shares of Zhejiang Publishing Media Group by its controlling shareholder, Zhejiang Publishing Group, to Zheshang Culture [1] - The share transfer is subject to compliance confirmation by the Shanghai Stock Exchange and registration with China Securities Depository and Clearing Corporation Limited, indicating uncertainty in the completion of the transaction [1] - As of the report, Zhejiang Publishing Media has a market capitalization of 17.6 billion yuan [1] Group 2 - For the fiscal year 2024, the revenue composition of Zhejiang Publishing Media is as follows: publishing accounts for 78.56%, publishing for 28.05%, printing for 3.65%, and other businesses for 3.24% [1] - The company emphasizes the importance of adhering to legal regulations for timely information disclosure regarding the share transfer process [1]

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]