证券代码：000719 证券简称：中原传媒 公告编号：2024-026 号 中原大地传媒股份有限公司 关于公司高级管理人员退休辞任的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 截止本公告披露日，亓新民先生未持有公司股份，亦不存在应当 履行而未履行的承诺事项。亓新民先生的辞职不会影响公司的日常 经营活动。 亓新民先生在公司任职期间忠实履职、笃行不倦，有力促进了公 司核心业务的稳健发展，公司董事会对亓新民先生为公司发展做出的 贡献表示衷心的感谢！ 特此公告。 中原大地传媒股份有限公司 董 事 会 2024 年 12 月 25 日 中原大地传媒股份有限公司（以下简称"公司"）董事会近日收 到公司副总经理亓新民先生提交的书面辞职报告。亓新民先生因达到 法定退休年龄，申请辞去公司副总经理职务。根据《公司法》及《公 司章程》的有关规定，亓新民先生的辞职报告自送达公司董事会之日 起生效。辞职后，亓新民先生将不在公司及控股子公司担任任何职务。 ...

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Company Overview - Zhongyuan Media is the only listed cultural enterprise in Henan Province, primarily engaged in the editing, production, and market promotion of publications, covering books, periodicals, newspapers, electronic audiovisual products, and network publications [1] - The company holds exclusive agency rights in Henan for major textbook publishers such as People's Education Press, People's Music Publishing House, and Beijing Normal University Publishing Group [1] - Zhongyuan Media has a comprehensive network of distribution channels through the Henan Xinhua Bookstore, covering cities, counties, and townships across the province [1] Industry Analysis - The domestic publishing industry has shown stable growth, with book publishing, publication distribution, and printing occupying the main positions in the industry structure [23] - The textbook and supplementary materials segment has seen a significant increase in market share, driven by the demand from the student population [24] - Henan Province, with its large population and high birth rate, provides a stable market for educational materials, ensuring sustained demand for Zhongyuan Media's products [37][38] Financial Performance - Zhongyuan Media has demonstrated steady revenue growth, with a compound annual growth rate (CAGR) of 3.20% from 2016 to 2023, and a CAGR of 10.90% in net profit during the same period [44] - The company's profitability has been improving, with gross margins increasing from 28.78% in 2016 to 38.37% in 2023 [48] - Zhongyuan Media maintains a healthy cash flow, with operating cash flow consistently showing large net inflows, reaching 2.19 billion yuan in 2023 [55] Investment Recommendation - The report maintains a "Buy" rating for Zhongyuan Media, with a target price based on a PE ratio of 11.74x for 2024, 11.33x for 2025, and 10.89x for 2026 [2][68] - The company's stable demand for educational materials, coupled with its strong market position in Henan, supports the positive outlook [62][63] - Despite short-term impacts from tax policy changes, the long-term growth prospects for Zhongyuan Media remain favorable [54][63]

证券代码：000719 证券简称：中原传媒 公告编号：2024-024 号 中原大地传媒股份有限公司 关于聘任高级管理人员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 附件：个人简历 中原大地传媒股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日召开九届八次董事会会议，审议并通过了《公司关于聘任高级管理 人员的议案》。 郭孟良，男，汉族，1965 年 4 月出生，中共党员，河南嵩县人，历 史学硕士、文学博士，1986 年 6 月入党，1988 年 7 月参加工作，历任中 州古籍出版社第二编辑室编辑、副主任、主任，中州古籍出版社副总编 辑，文心出版社有限公司总编辑，中原出版传媒投资控股集团有限公司 出版业务部主任，中原大地传媒股份有限公司出版业务部主任兼文心出 版社有限公司执行董事，现任中原大地传媒股份有限公司副总编辑、重 点出版工程办公室主任兼《中华文脉》编辑部负责人。 因公司经营发展需要，根据《公司法》《证券法》等法律法规及《公 司章程》的相关规定，经公司董事长王庆先生提名并经董事会提名委员 会审查，公司董事会同意聘任郭孟良先生担 ...

证券代码：000719 证券简称：中原传媒 公告编号：2024-022 号 中原大地传媒股份有限公司 九届八次董事会会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1.董事会会议通知时间和方式：公司九届八次董事会会议通知于 2024 年 10 月 18 日以书面、电子邮件、传真、短信及其他形式发出。 2.会议召开的时间地点和方式：2024 年 10 月 29 日，本次董事 会以通讯方式在郑州、北京、上海召开。 3.本次会议应参加表决董事 8 名，实际参加表决董事 8 名。 4.本次董事会会议由公司董事长王庆先生主持。 5.本次会议的召开符合《公司法》和本公司章程的规定。 表决结果：8 票赞成，0 票反对，0 票弃权，表决通过； 2.审议并通过了《公司关于聘任高级管理人员的议案》； 根据董事长王庆先生提名，公司董事会聘任郭孟良先生担任公司 副总经理，任期至公司第九届董事会届满为止。 1 表决结果：8 票赞成，0 票反对，0 票弃权，表决通过； 具体内容详见同日在巨潮资讯网公告的《公司关于聘任高级管理 人员的公告》。 三、备查 ...

Financial Performance - The company's revenue for Q3 2024 was ¥2,169,411,264.17, representing a decrease of 5.99% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥154,617,065.47, down 27.72% year-over-year[2] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥148,053,615.29, a decline of 28.67% compared to the previous year[2] - Basic earnings per share for Q3 2024 was ¥0.15, reflecting a decrease of 28.57% year-over-year[2] - The net profit for Q3 2024 was CNY 523,546,783.51, a decrease of 25.3% compared to CNY 700,035,068.09 in Q3 2023[10] - The total operating profit for Q3 2024 was CNY 753,920,198.21, an increase of 2.0% from CNY 734,511,811.24 in the same period last year[10] - The total comprehensive income for Q3 2024 was CNY 522,398,119.29, down from CNY 699,851,676.84 in Q3 2023, indicating a decline of 25.4%[11] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.50, down from CNY 0.67 in Q3 2023, representing a decrease of 25.4%[11] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥17,327,665,821.84, a decrease of 0.91% from the end of the previous year[2] - Total liabilities decreased to ¥6,249,429,357.93 from ¥6,501,247,331.80, reflecting a reduction of approximately 3.87%[8] - Non-current assets totaled ¥9,610,285,905.57, up from ¥9,332,587,243.60, indicating a growth of about 2.99%[7] - The total equity attributable to shareholders increased to ¥11,001,851,154.99 from ¥10,924,547,103.71, representing a growth of about 0.71%[8] Cash Flow - The company reported a net cash flow from operating activities of ¥454,595,299.93, which increased by 3.76% year-to-date[2] - The company's cash flow from operating activities for Q3 2024 was CNY 454,595,299.93, compared to CNY 438,121,794.30 in Q3 2023, reflecting a growth of 3.4%[12] - The company's cash and cash equivalents decreased to ¥4,770,537,968.01 from ¥5,270,267,375.44, reflecting a decline of approximately 9.48%[6] - The cash and cash equivalents at the end of Q3 2024 were CNY 952,012,225.80, down from CNY 1,095,416,629.79 at the end of Q3 2023, a decrease of 13.1%[13] - The company reported a net cash outflow from investing activities of CNY -718,926,527.57 in Q3 2024, compared to CNY -539,579,704.14 in Q3 2023, indicating a worsening of 33.2%[13] Operating Performance - Total operating revenue for the third quarter reached ¥6,698,904,972.56, an increase from ¥6,631,121,868.08 in the previous period, representing a growth of approximately 1.02%[9] - Total operating costs amounted to ¥5,888,577,600.75, up from ¥5,823,100,831.68, indicating a rise of about 1.13%[9] - The total revenue from sales of goods and services in Q3 2024 was CNY 6,302,066,771.74, a decrease of 2.8% from CNY 6,485,942,802.78 in Q3 2023[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,975, with the largest shareholder holding 70.34% of the shares[5] Research and Development - Research and development expenses for the quarter were ¥22,278,741.92, down from ¥34,564,279.70, indicating a decrease of approximately 35.5%[9] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 1.39%, down 0.74% from the previous year[2] - The company incurred a credit impairment loss of CNY -28,087,169.22 in Q3 2024, an improvement from CNY -62,745,671.26 in Q3 2023[10] - The total assets impairment loss for Q3 2024 was CNY -67,056,487.96, compared to CNY -45,537,680.69 in Q3 2023, indicating a decline of 47.1%[10] - The company reported a net investment loss of ¥1,798,006.27 compared to a gain of ¥7,843,447.50 in the previous period[9] - Non-recurring gains and losses for Q3 2024 totaled ¥6,563,450.18, with government subsidies contributing ¥12,346,662.33[3]

[Table_MainInfo] 公司研究/传媒 证券研究报告 中原传媒（000719）公司研究报告 2024 年 09 月 12 日 [Table_InvestInfo] 投资评级 优于大市 首次 覆盖 | --- | --- | |---------------------------------------------------|------------| | 股票数据 | | | 09 [ Table_StockInfo 月 11 日收盘价（元） ] | 10.85 | | 52 周股价波动（元） | 7.69-15.58 | | 总股本 / 流通 A 股（百万股） | 1023/667 | | 总市值 / 流通市值（百万元） | 11102/7239 | | 市场表现 | | [Table_QuoteInfo] -25.53% -13.53% -1.53% 10.47% 22.47% 2023/9 2023/12 2024/3 2024/6 中原传媒 海通综指 | --- | --- | --- | --- | |--------------------------|-------|------- ...

Investment Rating - The report assigns an "Accumulate" rating for Zhongyuan Media (000719) for the first time, indicating a potential increase of 5% to 15% relative to the CSI 300 index over the next six months [1][5]. Core Insights - The report highlights that changes in tax policies have impacted short-term profits, but the core business remains robust. The company's revenue for H1 2024 was 4.77% higher year-on-year, reaching 45.29 billion yuan, while net profit decreased by 25.04% to 3.54 billion yuan [1][2]. - The company is actively pursuing digital transformation and innovation in its business model, including the establishment of a smart education platform for primary and secondary schools in Henan Province [2][3]. Financial Performance Summary - For H1 2024, the company reported a revenue of 45.29 billion yuan, a year-on-year increase of 4.77%, while net profit was 3.54 billion yuan, down 25.04% [1]. - The report forecasts revenues of 10.336 billion yuan for 2024, with a growth rate of 5.11%, and net profit is expected to decrease by 27.24% to 1.011 billion yuan [2][3]. - The earnings per share (EPS) for 2024 is projected to be 0.99 yuan, with corresponding price-to-earnings (PE) ratios of 11.13, 10.76, and 10.36 for 2024, 2025, and 2026 respectively [2][3]. Business Segment Analysis - The publishing segment generated revenue of 15.71 billion yuan in H1 2024, up 2.82% year-on-year, while the distribution segment saw revenue of 36.85 billion yuan, an increase of 7.31% [1]. - The company has received over 30 national-level awards in the publishing sector and has secured multiple copyright agreements for various publications [1][2]. Strategic Initiatives - The company is collaborating with several technology firms to enhance digital content and has initiated various educational programs, including a smart education cloud platform [1][2]. - The report emphasizes the company's unique position as the only publicly listed cultural enterprise in Henan Province, leveraging its geographical advantages to ensure steady growth in core business performance [1][2].

Financial Performance - The company's operating revenue for the reporting period was ¥4,529,493,708.39, representing an increase of 4.77% compared to the same period last year, which was ¥4,323,376,174.61[11] - The net profit attributable to shareholders of the listed company was ¥353,581,224.61, a decrease of 25.04% from ¥471,671,296.98 in the same period last year[11] - The net profit after deducting non-recurring gains and losses was ¥341,129,478.07, down 25.33% from ¥456,822,349.06 year-on-year[11] - The net cash flow from operating activities increased by 31.35% to ¥1,055,004,752.41, compared to ¥803,227,218.67 in the previous year[11] - Basic earnings per share decreased by 23.91% to ¥0.35, down from ¥0.46 in the same period last year[11] - The total profit amounted to 528 million yuan, an increase of 6.81% compared to the previous year[18] - The net profit attributable to shareholders was 354 million yuan, showing a decline of 25.04% year-on-year[18] - The company's gross profit margin for the publishing business was 34.44%, a decrease of 0.40% compared to the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,103,200,129.97, an increase of 3.52% from ¥17,486,831,251.00 at the end of the previous year[11] - The net assets attributable to shareholders of the listed company were ¥10,847,234,089.52, a decrease of 0.71% from ¥10,924,547,103.71 at the end of the previous year[11] - The company's total liabilities reached CNY 7,185,446,835.91, up from CNY 6,501,247,331.80, marking an increase of around 10.5%[82] - The total current assets increased to ¥8,428,952,453.72 from ¥8,154,244,007.40, representing a growth of about 3.4%[80] - The accounts receivable increased to ¥1,259,452,326.58, accounting for 6.96% of total assets, up by 0.53% from the previous year[26] Investments and Expenses - Research and development investment decreased by 45.10% to ¥12,014,014.23 from ¥21,884,811.09 in the previous year[22] - The company's financial expenses increased by 20.16% to -¥65,984,249.84, compared to -¥54,912,063.60 in the previous year[22] - The income tax expense surged by 926.79% to ¥164,738,133.64, primarily due to the expiration of the corporate income tax exemption policy in 2024[22] - The company reported a cash outflow for investment activities of ¥1,806,407,725.36, an increase of 38.5% from ¥1,303,470,593.66 in the previous period[95] Business Operations - The publishing business generated ¥1,570,512,715.00, accounting for 34.67% of total operating revenue, with a year-on-year growth of 2.82%[23] - The distribution business contributed ¥3,685,428,495.66, which is 81.37% of total revenue, showing a year-on-year increase of 7.31%[23] - The company launched nearly 2,000 educational activities in the first half of the year, engaging over 100,000 students[22] - The company received over 30 national-level awards during the reporting period, with 8 projects selected for the 2024 National Publishing Fund support[18] Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2] - The total number of shares is 1,023,203,749, with 34.80% being restricted shares and 65.20% being unrestricted shares[72] - The total number of common shareholders at the end of the reporting period was 32,938, with the largest shareholder, Zhongyuan Publishing Media Investment Holding Group Co., Ltd., holding 70.34% of shares, totaling 719,751,963 shares[73] Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board, to ensure effective decision-making and oversight[109] - The company has committed to strict adherence to legal regulations regarding related party transactions, ensuring fairness and transparency[48] - The company has not engaged in any fundraising activities during the reporting period[34] Social Responsibility and Community Engagement - The company actively participated in social responsibility initiatives, including book donations to welfare institutions and rural libraries, promoting reading and cultural development[46] - The company is committed to rural revitalization by focusing on cultural and educational support for left-behind women and children[46] - The company engaged over 1 million students through reading promotion activities, including the "Youth Reading Action" and "Famous Authors Entering Campuses" initiatives[46] Future Outlook and Strategy - The company is actively pursuing an "Internet+" strategy to enhance its digital publishing capabilities and address challenges in traditional publishing[38] - The company is exploring new strategies for market expansion and product development to enhance its financial performance in the upcoming quarters[194]

证券代码：000719 证券简称：中原传媒 公告编号：2024-021 号 2.会议召开的时间地点和方式：2024 年 8 月 27 日，本次董事会 以现场表决结合通讯表决的方式在郑州召开。 3.本次会议应参加表决董事 8 名，实际参加表决董事 8 名。 4.本次董事会会议由公司董事长王庆先生主持。 5.本次会议的召开符合《公司法》和本公司章程的规定。 九届七次董事会会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1.董事会会议通知时间和方式：公司九届七次董事会会议通知于 2024 年 8 月 17 日以书面、电子邮件、传真、短信及其他形式发出。 二、董事会会议审议情况 中原大地传媒股份有限公司 公司将出借给全资子公司郑州文华置业发展有限公司（以下简称 "文华置业"）的工程借款 59,000 万元转增为对文华置业的股权投 资，转增后文华置业的注册资本从 1,000 万元增至 60,000 万元。本 次增资有利于优化文华置业资本结构，化解公司因基建借款带来的税 1 务风险，有利于中原数字产业园（西园）项目的顺利建设。本次增资 ...