Core Viewpoint - Citic Publishing has demonstrated strong operational capabilities during the industry's downturn, supported by its ongoing digital strategy and a three-pronged growth model of "Publishing + Services + Consumption" [6] Group 1: Company Overview - Citic Publishing, established on February 16, 1993, and listed on the Shenzhen Stock Exchange on July 5, 2019, is a leading player in China's publishing industry, focusing on book publishing and distribution, bookstore retail, and other cultural value-added services [1] - The company has a rich content resource and advantages in digital publishing technology [1] Group 2: Financial Performance - For Q3 2025, Citic Publishing reported revenue of 1.241 billion yuan, ranking 10th in the industry, with the top competitor, Anhui Xinhua Media, generating 6.851 billion yuan [2] - The company's net profit for the same period was 161 million yuan, ranking 8th in the industry, with Anhui Xinhua Media leading at 963 million yuan [2] - The main business segments include book publishing and distribution (655 million yuan, 72.06%), urban cultural space operations (154 million yuan, 16.97%), and digital services (99.325 million yuan, 10.97%) [2] Group 3: Financial Ratios - As of Q3 2025, Citic Publishing's debt-to-asset ratio was 31.55%, down from 32.88% year-on-year, which is lower than the industry average of 32.11%, indicating strong solvency [3] - The company's gross profit margin was 40.53%, up from 39.19% year-on-year, exceeding the industry average of 30.79%, reflecting good profitability [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.01% to 13,600, while the average number of circulating A-shares held per account increased by 17.66% to 14,000 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 1.1151 million shares, a decrease of 223,100 shares from the previous period [5] Group 5: Strategic Highlights - Citic Publishing maintained a market share of 3.06% in the national book retail market in the first half of 2025, ranking first among individual publishers, with leading positions in several core categories, including anime and gaming books [6] - The company accelerated its digital publishing efforts, adding over 220 enterprise-level knowledge service clients in the first half of 2025, and its Citic Academy App achieved over 130 million content dissemination [6] - The company is enhancing consumer integration through improved product selection and user engagement in its bookstores, with plans for new store openings and IP retail trials [6] - Projected net profits for 2025-2027 are 171 million, 192 million, and 212 million yuan, with corresponding EPS of 0.90, 1.01, and 1.11 yuan, and current stock prices reflecting PE ratios of 34, 31, and 28 times [6]

Core Insights - The company reported a total revenue of 1.241 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 2.90% [1] - The net profit attributable to shareholders reached 161 million yuan, showing a significant year-on-year increase of 23.61% [1] - The net profit after deducting non-recurring gains and losses was 154 million yuan, reflecting a year-on-year growth of 14.42% [1] - The net cash flow from operating activities amounted to 102 million yuan, with a remarkable year-on-year increase of 349.30% [1]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in its quarterly report, with no false records, misleading statements, or significant omissions [2][12][14] - The third-quarter financial report has not been audited [3][6] - The board of directors and the supervisory board have approved the third-quarter report, confirming that it reflects the company's actual operating conditions accurately [8][14] Financial Data - The company has not made any retrospective adjustments or restatements of previous accounting data [3] - There are no non-recurring profit and loss items applicable for the reporting period [3] - The company has not identified any significant changes in major accounting data and financial indicators [4][5] Shareholder Information - The total number of ordinary shareholders and the situation of the top ten shareholders have not changed due to any securities lending activities [5] Meeting Details - The fifth board of directors' thirty-third meeting was held on October 29, 2025, with all nine directors present, and the meeting complied with relevant regulations [6][9] - The supervisory board's twentieth meeting was also held on October 29, 2025, with all four supervisors present, adhering to legal and regulatory requirements [13][15]

Core Viewpoint - Citic Publishing (300788.SZ) reported a revenue of 1.241 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.90% [1] - The net profit attributable to shareholders reached 161 million yuan, marking a year-on-year increase of 23.61% [1] - The net profit after deducting non-recurring gains and losses was 154 million yuan, with a year-on-year growth of 14.42% [1] - Basic earnings per share stood at 0.85 yuan [1] Financial Performance - Revenue for the first three quarters: 1.241 billion yuan, up 2.90% year-on-year [1] - Net profit attributable to shareholders: 161 million yuan, up 23.61% year-on-year [1] - Net profit after non-recurring items: 154 million yuan, up 14.42% year-on-year [1] - Basic earnings per share: 0.85 yuan [1]

Core Viewpoint - The company reported a revenue increase of 2.90% year-on-year for the first three quarters of 2025, indicating stable growth in its operations [1] - The net profit attributable to shareholders increased by 23.61% year-on-year, reflecting improved profitability [1] - The basic earnings per share reached 0.85 yuan, showcasing positive financial performance [1] Financial Performance - Revenue for the first three quarters amounted to 1.241 billion yuan, up 2.90% compared to the previous year [1] - Net profit attributable to shareholders was 161 million yuan, representing a year-on-year growth of 23.61% [1] - The net profit excluding non-recurring gains and losses was 154 million yuan, with a year-on-year increase of 14.42% [1]

Core Viewpoint - CITIC Limited (00267) announced the performance of CITIC Publishing (300788) for the first three quarters of 2025, highlighting a modest revenue growth and a significant increase in net profit [1] Financial Performance - The operating revenue for the first three quarters is approximately 1.241 billion yuan, representing a year-on-year growth of 2.9% [1] - The net profit attributable to shareholders of the listed company is around 161 million yuan, showing a year-on-year increase of 23.61% [1] - The basic earnings per share stand at 0.85 yuan [1]

Core Insights - CITIC Limited (00267) announced the performance of CITIC Publishing (300788.SZ) for the first three quarters of 2025, reporting a revenue of approximately 1.241 billion yuan, representing a year-on-year increase of 2.9% [1] - The net profit attributable to shareholders of the listed company was approximately 161 million yuan, reflecting a year-on-year growth of 23.61% [1] - The basic earnings per share stood at 0.85 yuan [1]

Core Viewpoint - CITIC Limited (00267.HK) announced that CITIC Publishing (300788.SZ) achieved a revenue of 1.241 billion RMB in the first three quarters of 2025, reflecting a year-on-year increase of 2.90% [1] Group 1: Financial Performance - Revenue for the first three quarters reached 1.241 billion RMB, up 2.90% year-on-year [1] - Net profit attributable to shareholders of CITIC Publishing was 161 million RMB, representing a year-on-year increase of 23.61% [1] - Net profit attributable to shareholders after deducting non-recurring gains and losses was 154 million RMB, showing a year-on-year increase of 14.42% [1] - Basic earnings per share stood at 0.85 RMB [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 此乃中信出版集團股份有限公司在二零二五年十月二十九日登載於 中華人民共和國深圳證券交易所網站（www.szse.cn）關於 2025 年第 三季度報告。中信出版集團股份有限公司為中國中信股份有限公司的 附屬公司。 中信出版集团股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 中信出版集团股份有限公司 2025 年第三季度报告 证券代码：300788 证券简称：中信出版 公告编号：2025-04 ...

证券代码：300788 证券简称：中信出版 公告编号：2025-043 中信出版集团股份有限公司 一、本次计提资产减值准备的情况 （一）本次计提资产减值准备的原因 为真实反映中信出版集团股份有限公司（以下简称"公司"）的财务状况和 资产价值，依据《企业会计准则》及公司会计政策的相关规定，公司对2025年9 月30日出现减值迹象的应收款项、预付款项、存货及长期股权投资等资产进行了 减值测试。基于谨慎性原则，公司对2025年前三季度可能发生资产减值损失的资 产计提资产减值准备。 （二）本次计提资产减值损失的范围和金额 经测算，本次计提各项资产减值损失金额合计为5,058.99万元，具体如下： | 单位：万元 | | --- | | 项目 | 年前三季度计提金额 2025 | | --- | --- | | 信用减值准备 | 8.65 | | 其中：应收账款坏账准备 | 27.89 | | 其他应收款坏账准备 | -19.25 | | 资产减值准备 | 5,050.35 | | 其中：预付款项减值准备 | 2,442.86 | | 存货跌价准备 | 2,607.48 | | 合 计 | 5,058.99 | 注：上 ...