Core Insights - Inner Mongolia Xinhua reported a decline in revenue and profit for the first three quarters of 2025, with total revenue at 1.366 billion yuan, down 7.06% year-on-year, and net profit attributable to shareholders at 201 million yuan, down 31.80% year-on-year [1] - The company's gross margin for the first three quarters was 40.47%, a decrease of 1.58 percentage points year-on-year, while the net margin was 14.79%, down 5.36 percentage points from the previous year [1] Financial Performance - For Q3 2025, the gross margin was 36.19%, down 6.25 percentage points year-on-year and down 6.70 percentage points quarter-on-quarter; the net margin was 13.21%, down 12.42 percentage points year-on-year but up 27.60 percentage points quarter-on-quarter [1] - Basic earnings per share for the reporting period was 0.57 yuan, with a weighted average return on equity of 7.21% [1] Expense Analysis - Total operating expenses for the company were 331 million yuan, an increase of 18.9452 million yuan year-on-year; the expense ratio was 24.27%, up 3.00 percentage points year-on-year [2] - Sales expenses increased by 1.85%, management expenses rose by 5.31%, and financial expenses surged by 70.29% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 16,500, an increase of 24 from the end of the previous half-year, with an average holding value per shareholder decreasing from 277,600 yuan to 263,500 yuan, a decline of 5.10% [2] Company Overview - Inner Mongolia Xinhua is located in Hohhot, Inner Mongolia, and was established on May 28, 1999, with its listing date on December 24, 2021; the company primarily engages in cultural consumption, educational services, modern logistics, and other culture-related businesses [2] - The main revenue sources include general books (72.79%), textbook publications (21.73%), operating leasing and property management (3.19%), and educational equipment and cultural products (2.29%) [2] Industry Classification - The company belongs to the media and publishing industry, specifically in the sub-sector of general publishing, and is associated with concepts such as small-cap stocks, online education, and state-owned enterprise reform [3]

Company Overview - Inner Mongolia Xinhua announced the convening of its fourth second board meeting on October 29, 2025, in Hohhot, where it reviewed the proposal for the Q3 2025 report [1] - As of the report, Inner Mongolia Xinhua has a market capitalization of 4.5 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Inner Mongolia Xinhua is as follows: general books accounted for 72.79%, educational textbooks for 21.73%, operating leasing and property management for 3.19%, and educational equipment and cultural products for 2.29% [1]

Company Performance - Inner Mongolia Xinhua reported a revenue of approximately 1.366 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 7.06% [1] - The net profit attributable to shareholders of the listed company was approximately 201 million yuan, reflecting a year-on-year decline of 31.8% [1] Market Overview - As of the report, Inner Mongolia Xinhua has a market capitalization of 4.5 billion yuan [2] - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging driven by technology [2]

基本情况 | 投资金额 | 不超过 亿元 | 20 | | --- | --- | --- | | 投资种类 | 安全性高、流动性强的保本型理财产品 | | | 资金来源 | 自有资金 | | 已履行及拟履行的审议程序 证券代码：603230 证券简称：内蒙新华 公告编号：2025-047 内蒙古新华发行集团股份有限公司 关于公司使用闲置自有资金进行现金管理的公告 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： 内蒙古新华发行集团股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开的董事会审计委员会、战略委员会及第四届董事会第二次 会议审议通过了《关于公司使用闲置自有资金进行现金管理的议案》。 本事项尚需提交公司股东会审议。 特别风险提示 公司购买的理财产品均为安全性高、流动性强的保本型理财产品， 总体风险可控。但金融市场受宏观经济、财政及货币政策的影响较大， 不排除公司投资理财产品可能受到市场波动的影响。 一、投资情况概述 （一）投资目的 为提高资金使用效率，合理利用闲置自有资金，在不影响 ...

证券代码：603230 证券简称：内蒙新华 公告编号：2025-046 内蒙古新华发行集团股份有限公司 关于续聘会计师事务所的公告 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： 拟聘任的会计师事务所名称为：立信会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 立信会计师事务所（特殊普通合伙）（以下简称"立信"）由我国会计泰斗 潘序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制 的特殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。 立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具 有证券、期货业务许可证，具有 H 股审计资格，并已向美国公众公司会计监督委 员会（PCAOB）注册登记。 2、人员信息 截至 2024 年末，立信拥有合伙人 296 名、注册会计师 2,498 名、从业人员 总数 10,021 名，签署过证券服务业务审计报告的注册会计师 743 名。 3、业务规模 立信 2 ...

Financial Performance - The company's operating revenue for the third quarter was ¥575,682,351.42, a decrease of 15.26% compared to the same period last year[4]. - Total profit for the third quarter was ¥76,446,621.67, down 59.67% year-on-year[4]. - Net profit attributable to shareholders was ¥75,923,871.28, reflecting a decline of 56.30% compared to the previous year[4]. - The basic earnings per share for the third quarter was ¥0.21, a decrease of 57.14% year-on-year[5]. - The net profit after deducting non-recurring gains and losses for the third quarter was ¥69,264,016.17, down 58.40% year-on-year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 1,365,639,400.32, a decrease of 7.06% compared to CNY 1,469,347,235.19 in the same period of 2024[21]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 201,492,094.28, down 31.8% from CNY 295,440,626.33 in the same period of 2024[22]. - Operating profit for the first three quarters of 2025 was CNY 204,594,198.88, a decline of 37.5% compared to CNY 327,172,831.49 in the same period of 2024[21]. - Total comprehensive income for the first three quarters of 2025 was CNY 202,084,373.03, a decrease from CNY 296,067,494.45 in the same period of 2024[22]. - Basic earnings per share for the first three quarters of 2025 was CNY 0.57, down from CNY 0.84 in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,715,374,825.79, an increase of 2.58% from the end of the previous year[5]. - The company's current assets totaled CNY 3,278,407,804.34, compared to CNY 3,124,622,282.28 in the previous year, reflecting a growth of approximately 4.93%[16]. - The accounts receivable increased significantly to CNY 629,252,496.57 from CNY 389,565,749.84, marking an increase of about 61.61%[16]. - The total liabilities of the company were CNY 1,916,860,527.36, up from CNY 1,840,872,313.69, indicating a rise of approximately 4.13%[18]. - The equity attributable to shareholders reached CNY 2,795,491,810.20, compared to CNY 2,751,572,515.08, showing an increase of about 1.60%[18]. Cash Flow - Cash flow from operating activities for the first three quarters of 2025 was CNY 183,554,630.26, compared to a negative cash flow of CNY -98,113,624.59 in the same period of 2024[24]. - Cash inflow from investment activities for the first three quarters of 2025 was CNY 2,446,600,163.07, an increase of 28.2% from CNY 1,908,576,811.45 in the same period of 2024[25]. - Cash outflow from investment activities for the first three quarters of 2025 was CNY 2,533,610,091.35, compared to CNY 2,370,978,095.96 in the same period of 2024[25]. - Net cash flow from investment activities for the first three quarters of 2025 was CNY -87,009,928.28, an improvement from CNY -462,401,284.51 in the same period of 2024[25]. - The company reported a net increase in cash and cash equivalents of CNY -73,447,659.38 for the first three quarters of 2025, compared to a decrease of CNY -720,250,150.19 in the same period of 2024[25]. - The company's cash and cash equivalents decreased to CNY 846,003,149.34 from CNY 922,825,808.72, a decline of approximately 8.29%[16]. Shareholder Information - The company reported a total of 16,463 common shareholders at the end of the reporting period[12]. - The largest shareholder, Inner Mongolia Xinhua Holdings Co., Ltd., holds 66.46% of the shares[12]. - The company has not indicated any changes in major shareholders or their participation in margin trading activities[14]. Operational Insights - The company has experienced increased operating management costs contributing to the decline in profits[9]. - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[15].

内蒙古新华发行集团股份有限公司（以下简称"公司"）根据相关规定，现将 2025 年前三季度主要经营数据概况（未经审计）公 告如下： 单位：万元 证券代码：603230 证券简称：内蒙新华 公告编号：2025-048 内蒙古新华发行集团股份有限公司 2025 年前三季度主要经营数据的公告 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。 | | 销售码洋 | | | 营业收入 | | | 营业成本 | | | 毛利率（%） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 项目 | | | | | | | | | | | | 比上年增 | | | 上年同期 | 本期 | 增长率 | 上年同期 | 本期 | 增长率 | 上年同期 | 本期 | 增长率 | 上年同期 | 本期 | 减 | | 教材 | 54,326.06 | 52,447.27 | -3.46% | 47,367.49 | 41,605.03 ...

内蒙新华公告，第三季度营收为5.76亿元，下降15.26%；净利润为7592.39万元，下降56.30%。前三季 度营收为13.66亿元，下降7.06%；净利润为2.01亿元，下降31.80%。 ...

Core Insights - The publishing sector experienced a rise of 1.46% on October 23, with Rongxin Culture leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1] Publishing Sector Performance - Rongxin Culture saw a significant increase of 20.01%, closing at 38.03, with a trading volume of 162,600 shares and a transaction value of 585 million [1] - Other notable performers included: - Zhongwen Online, up 6.28% to 27.58, with a transaction value of 2.336 billion [1] - Guomai Culture, up 4.31% to 47.40, with a transaction value of 786 million [1] - Duku Culture, up 3.64% to 9.96, with a transaction value of 159 million [1] - The total net inflow of funds in the publishing sector was 313 million, while retail investors saw a net outflow of 147 million [1] Fund Flow Analysis - Zhongwen Online had a net inflow of 303 million from institutional investors, representing 12.97% of its total trading [2] - Rongxin Culture experienced a net inflow of 70.7 million from institutional investors, accounting for 12.08% [2] - Guomai Culture had a net inflow of 46.3 million from institutional investors, making up 5.89% [2] - Retail investors showed a net outflow across several stocks, with Duku Culture seeing a net outflow of 29.4 million, which is 18.48% of its total trading [2]

Market Overview - The publishing sector increased by 0.01% compared to the previous trading day, with Rongxin Culture leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up by 1.22%, while the Shenzhen Component Index closed at 13118.75, up by 1.73% [1] Individual Stock Performance - Rongxin Culture (301231) closed at 23.70, with a rise of 2.20% and a trading volume of 24,500 lots, amounting to a transaction value of 57.44 million [1] - Tianzhou Culture (300148) closed at 4.57, up by 1.78%, with a trading volume of 197,600 lots and a transaction value of 89.65 million [1] - Zhongwen Online (300364) closed at 25.59, increasing by 1.31%, with a trading volume of 259,400 lots and a transaction value of 654 million [1] - Other notable stocks include Guomai Culture (301052) at 46.20 (+1.09%) and Yuedu Media (002181) at 8.24 (+0.73%) [1] Capital Flow Analysis - The publishing sector experienced a net outflow of 41.87 million from institutional investors, while retail investors saw a net inflow of 23.18 million [2] - The net inflow from speculative funds was 18.69 million [2] Detailed Capital Flow for Selected Stocks - Zhongyuan Media (000719) had a net outflow of 12.14 million from institutional investors, with a retail net outflow of 17.89 million [3] - Zhongwen Online (300364) saw a net inflow of 10.05 million from institutional investors, but a net outflow of 7.53 million from retail investors [3] - Publishing Media (601999) had a net inflow of 5.02 million from institutional investors, while retail investors experienced a net outflow of 2.55 million [3]