Core Viewpoint - Zhejiang Media announced the establishment of a new investment partnership, Zhejiang Wangchen Digital Venture Capital Partnership, with a total subscription amount of RMB 201 million, where the company contributes RMB 100 million, accounting for 49.75% of the total subscription [1] Group 1 - The partnership was formed with Zhejiang Digital Culture Group and Hangzhou Xinglu Investment Management [1] - The first phase of capital contribution has been completed, with a total of RMB 100.5 million received, including the company's initial contribution of RMB 50 million [1]

证券代码：601921 证券简称：浙版传媒 公告编号：2025-048 浙江出版传媒股份有限公司关于参与设立 浙江望宸数智创业投资合伙企业（有限合伙）的进展公告 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： | 投资标的名称 | 浙江望宸数智创业投资合伙企业（有限合伙） | | | | | --- | --- | --- | --- | --- | | 投资金额（万元） | 10,000 | | | | | 投资进展阶段 | 完成 | 终止 | 交易要素变更 | 进展 | | | 募集失败 未能完成备案登记 | | | | | 特别风险提示 | 提前终止 | | | | | （如有请勾选） | 发生重大变更 | | | | | | 其他：基金在投资过程中受到宏观经济、行业周期、投资标的经营 | | | | | | 管理、交易方案等多种因素影响，可能因未寻求到合适的投资标的， | | | | | | 或因决策失误导致收益不及预期，存在投资风险。 | | | | 1 二、本次对外投资完成情况 近 ...

证券代码：601921 证券简称：浙版传媒 公告编号：2025-049 浙江出版传媒股份有限公司 关于召开 2025 年第三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： 投资者可于 2025 年 11 月 26 日（星期三）至 12 月 2 日（星期二）16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 zqfwb@zjcbcm.com 进行提问。公司将在业绩说明会上对投资者普遍关注的问题进 行回答。 浙江出版传媒股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布 公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第 三季度经营成果、财务状况，公司计划于 2025 年 12 月 3 日上午 10:00—11:00 举 行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 20 ...

Core Viewpoint - Zhejiang Publishing (601921.SH) has received the first installment of capital from Star Road Investment, amounting to 101 million yuan, with the company contributing 50 million yuan [1] Group 1 - The investment aligns with Zhejiang Publishing's long-term development strategy [1] - The fund investment will help Zhejiang Publishing expand its industrial investment channels [1] - This initiative is expected to provide momentum and support for sustainable high-quality development [1]

Core Viewpoint - The company emphasizes the importance of high-quality content resource accumulation and IP cultivation, actively engaging in various initiatives to attract quality authors and enhance its content portfolio [2] Group 1: Content Resource Strategy - The company is focusing on gathering and nurturing quality author resources through initiatives such as hosting author conferences and establishing the West Lake Academy of Literature [2] - It has accumulated a range of high-quality copyrights across various fields including children's literature, social sciences, literature, arts, and popular science [2] Group 2: Value Extraction and Transformation - The company is exploring value extraction and derivative transformation of its content through various formats such as film and television, cultural tourism, short dramas, and cultural creations [2]

Core Insights - Zhejiang Publishing (Weiquan) was established on May 25, 2016, and listed on the Shanghai Stock Exchange on July 23, 2021, being a leading media company in China with a full industry chain advantage in publishing, distribution, and printing [1] Financial Performance - In Q3 2025, Zhejiang Publishing achieved a revenue of 6.756 billion, ranking 5th among 10 companies in the industry, with the industry leader, Phoenix Media, generating 9.159 billion [2] - The net profit for the same period was 636 million, placing the company 7th in the industry, while the top performer, Phoenix Media, reported a net profit of 1.729 billion [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 37.46%, higher than the industry average of 34.52%, but down from 42.34% in the same period last year [3] - The gross profit margin stood at 26.94%, below the industry average of 37.19%, although it increased from 25.48% year-on-year [3] Management Compensation - The total compensation for General Manager Zhang Jianjiang was 1.0544 million, reflecting a slight increase of 0.05 million compared to the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.60% to 48,300, while the average number of circulating A-shares held per shareholder decreased by 1.58% to 46,000 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked sixth with 9.8641 million shares, an increase of 392,700 shares from the previous period [5]

Core Viewpoint - Zhejiang Publishing (601921.SH) reported a decline in revenue for the first three quarters of 2025, while showing significant growth in net profit and net profit excluding non-recurring items [1] Financial Performance - The company achieved a revenue of 6.756 billion yuan for the first three quarters, representing a year-on-year decrease of 4.77% [1] - The net profit attributable to shareholders reached 633 million yuan, marking a year-on-year increase of 46.12% [1] - The net profit excluding non-recurring items was 520 million yuan, reflecting a year-on-year growth of 57.91% [1] - Basic earnings per share stood at 0.29 yuan [1]

Core Insights - Zhejiang Version Media (601921.SH) reported a total operating revenue of 6.756 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 4.77% [1] - The net profit attributable to shareholders of the parent company was 633 million yuan, showing a year-on-year increase of 46.12% [1] - The basic earnings per share stood at 0.29 yuan [1]

Group 1 - The core point of the article is that Zhejiang Publishing Media Co., Ltd. (浙版传媒) held its third board meeting on October 27, 2025, to discuss the revision of its external investment management measures [1] - For the fiscal year 2024, the revenue composition of Zhejiang Publishing Media is as follows: distribution accounts for 78.56%, publishing for 28.05%, printing for 3.65%, and other businesses for 3.24% [1] - As of the report date, the market capitalization of Zhejiang Publishing Media is 18.5 billion yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Zhejiang Publishing Media Group, indicating a decline in revenue but a significant increase in net profit for the third quarter of 2025 [1] Group 2 - For the first three quarters of 2025, the company's revenue was approximately 6.756 billion yuan, representing a year-on-year decrease of 4.77% [1] - The net profit attributable to shareholders was around 633 million yuan, showing a year-on-year increase of 46.12% [1] - The basic earnings per share were reported at 0.29 yuan, which is an increase of 45% compared to the previous year [1] Group 3 - As of the report date, the market capitalization of Zhejiang Publishing Media Group was 18.5 billion yuan [2]