Core Viewpoint - Guomai Culture's stock performance shows a slight increase, with significant financing activity indicating strong investor interest despite a decline in net profit year-over-year [1][2]. Financing Activity - On November 11, Guomai Culture recorded a financing buy-in of 42.38 million yuan, with a net buy of 6.00 million yuan after repayments [1]. - The total financing and margin trading balance reached 390 million yuan, accounting for 9.02% of the circulating market value, which is above the 70th percentile of the past year [1]. - No short selling activity was reported on the same day, with a short selling balance of 0 yuan, indicating a high level of investor confidence [1]. Company Overview - Guomai Culture, established on June 6, 2012, and listed on August 30, 2021, is based in Shanghai and focuses on book planning and publishing, digital content, and IP operations [1]. - The revenue composition includes 92.08% from book planning and publishing, 3.43% from book agency publishing, 2.78% from digital content, and smaller contributions from other services and IP operations [1]. Financial Performance - For the period from January to September 2025, Guomai Culture achieved a revenue of 497 million yuan, reflecting a year-over-year growth of 26.51%, while the net profit attributable to shareholders decreased by 43.18% to 12.07 million yuan [2]. - Cumulative cash dividends since the A-share listing amount to 25.34 million yuan, with 17.78 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 37.64% to 16,500, while the average circulating shares per person decreased by 27.35% to 4,865 shares [2]. - Notable institutional shareholders include Huaxia Industry Prosperity Mixed Fund and Huaxia Excellent Growth Mixed Fund, both of which are new entrants among the top ten circulating shareholders [3].

Core Viewpoint - Guomai Culture is actively monitoring industry trends and market opportunities in the short drama sector, planning to incorporate short dramas into its overall business expansion strategy [2] Group 1: Business Strategy - The company has included short dramas in its business development plans, aiming to explore suitable entry points for this segment [2] - This initiative is expected to effectively supplement the company's existing product system and enrich the content forms of its product matrix [2] - The strategy aims to better meet the diverse needs of users while creating synergistic effects with existing businesses [2]

Core Viewpoint - Guomai Culture announced the acquisition of a stake in the Chengdu Chuan Shang No. 3 Equity Investment Fund Center for RMB 59.1674 million, becoming a limited partner in the fund, which indirectly holds shares in Shaanxi Tourism Cultural Industry Co., Ltd. [1] Group 1 - The company signed a partnership share transfer agreement with Guangzhou Fengsheng Fuxin Investment Partnership, acquiring a stake worth RMB 27.5852 million in the Chengdu Chuan Shang No. 3 fund [1] - After the transfer, the company will indirectly hold 1,039,912 shares of Shaanxi Tourism, representing 1.793% of the total share capital as of the agreement signing date [1] - The initial public offering application for Shaanxi Tourism has been approved by the Shanghai Stock Exchange's listing review committee [1]

证券代码：301052 证券简称：果麦文化 公告编号：2025-049 果麦文化传媒股份有限公司 关于与专业投资机构共同投资的进展公告 该标的财产份额全部间接享有川商叁号通过成都川商贰号股权投资基金中 心（有限合伙）投资的陕西旅游文化产业股份有限公司（"陕西旅游"）的权益， 经计算间接持有陕西旅游 1,039,912 股股份（对应协议签订日陕西旅游总股本的 1.793%）。 近日，公司从上海证券交易所网站获悉，经上海证券交易所上市审核委员会 2025 年第 50 次审议会议结果公告，陕西旅游首次公开发行股票申请获得通过。 若陕西旅游后续成功在上交所主板上市，预计可能会对公司业绩产生正向影 响，但该事项仍需履行中国证监会注册等后续程序，存在不确定性，敬请投资者 注意投资风险。 公司本次投资事项将严格遵守法律法规以及规范性文件的规定，在实施过程 中，及时披露投资事项的进展情况。 特此公告。 果麦文化传媒股份有限公司董事会 2025 年 11 月 10 日 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。 为促进果麦文化传媒股份有限公司（以下简称"公司"）可持续发展， ...

Group 1 - The core viewpoint of the news is that Guomai Culture's stock has experienced a decline, with significant trading activity and changes in financing and shareholder structure [1][2][3] Group 2 - On November 6, Guomai Culture's stock fell by 2.24%, with a trading volume of 343 million yuan. The financing buy-in amount was 35.96 million yuan, while the financing repayment was 40.15 million yuan, resulting in a net financing outflow of 4.19 million yuan [1] - As of November 6, the total financing and securities lending balance for Guomai Culture was 393 million yuan, with the financing balance accounting for 9.02% of the circulating market value, indicating a high level compared to the past year [1] - The company was established on June 6, 2012, and went public on August 30, 2021. Its main business includes book planning and publishing, digital content, and IP derivatives and operations, with book planning and publishing contributing 92.08% to revenue [1] Group 3 - As of September 30, the number of shareholders for Guomai Culture increased by 37.64% to 16,500, while the average circulating shares per person decreased by 27.35% to 4,865 shares [2] - For the period from January to September 2025, Guomai Culture reported a revenue of 497 million yuan, representing a year-on-year growth of 26.51%, while the net profit attributable to the parent company was 12.07 million yuan, a decrease of 43.18% year-on-year [2] Group 4 - Guomai Culture has distributed a total of 25.34 million yuan in dividends since its A-share listing, with 17.78 million yuan distributed over the past three years [3] - As of September 30, 2025, among the top ten circulating shareholders, Huaxia Industry Prosperity Mixed A (003567) became the fourth largest shareholder with 1.94 million shares, while Huaxia Excellent Growth Mixed A (024928) was the eighth largest with 801,200 shares, both being new shareholders [3]

Core Insights - Guomai Culture reported a revenue of 497 million yuan for the first three quarters of 2025, representing a year-on-year growth of 26.51%, with a net profit of 12.07 million yuan and a net cash flow from operating activities increasing by 48.90% [1] - The company has successfully established an innovative business model of "Publishing + Internet," driving transformation in the publishing industry and fully investing in AI technology for a strategic upgrade [1][5] Financial Performance - Revenue for the first three quarters reached 497 million yuan, a 26.51% increase year-on-year [1] - Net profit attributable to shareholders was 12.07 million yuan, with a non-recurring net profit of 9.97 million yuan [1] - Net cash flow from operating activities increased by 48.90% year-on-year [1] Business Model and Strategy - Guomai Culture focuses on publishing high-value books and follows the "Guomai Methodology" throughout the product lifecycle [1] - The company develops internet products driven by content, connecting users and facilitating internet marketing and sales, creating a virtuous cycle of interaction between publishing and the internet [1] - The company's unique business model has led to publishing performance significantly above industry averages, with a product efficiency ratio of 9.69 times the industry average in the first half of 2025 [1] Market Position and Product Launches - The company has strategically positioned itself in various verticals within the core field of copyright book publishing, including academic culture, self-help, women's growth, literature, educational aids, and fan economy [2] - The launch of Lin Junjie’s commemorative book sold over 210,000 copies within a week, generating sales exceeding 38 million yuan, showcasing the company's strong capabilities in book planning and marketing [2] - The collaboration with another famous singer, Deng Ziqi, for her debut novel "Revelation" also achieved impressive sales, with over 18,000 copies sold within an hour and sales exceeding 34 million yuan [2] AI and Technology Integration - Guomai Culture is advancing its "technological" strategic upgrade through comprehensive investment in AI technology, forming a dual-driven model of "external revenue generation + internal efficiency improvement" [3][5] - Several AI products have been successfully commercialized, including the "Book World Intelligent Publishing Platform" and "AI Proofreading King," which have been adopted by various publishing groups and government entities [4] - The "Book World Intelligent Publishing Platform" has achieved a closed-loop application across the entire publishing process, significantly improving quality and efficiency while reducing labor costs [4] Industry Trends and Future Outlook - The rise of fan economy globally is reshaping commercial landscapes and consumer culture, with Guomai Culture poised to deepen its engagement in this area, leveraging successful case studies to drive performance growth [3] - The company aims to continue consolidating its competitive advantage in the publishing industry transformation, unlocking the synergistic value of content and traffic for long-term stable growth [5]

Group 1 - Guomai Culture (301052.SZ) released its Q3 2025 report on October 28, 2025, indicating that as of October 27, 2025, six institutional investors disclosed holdings in Guomai Culture A-shares, totaling 11.6588 million shares, which represents 11.78% of the total share capital [1] - The institutional investors include Shanghai Jialien Management Consulting Partnership, Shandong International Trust Co., Ltd., Bank of China, Shenzhen Zhenwei Biotechnology Co., Ltd., CITIC Bank, and the National Social Security Fund [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.74 percentage points [1] Group 2 - Two new public funds disclosed holdings in Guomai Culture this period, namely Huaxia Industry Prosperity Mixed A and Huaxia Excellent Growth Mixed A [1] - A total of 130 public funds were not disclosed in this period compared to the previous quarter, including several funds from ICBC and Southern Asset Management [1] - One new social security fund disclosed holdings in Guomai Culture, specifically the National Social Security Fund 111 Portfolio, while one fund from the previous quarter, the National Social Security Fund 101 Portfolio, was not disclosed this period [1]

Core Viewpoint - The company has announced the provision for credit and asset impairment losses totaling 4.5735 million yuan for the third quarter of 2025, reflecting a cautious approach to accurately represent its asset and financial status as of September 30, 2025 [6][22]. Financial Data Summary - The company confirmed that the third-quarter financial report has not been audited [3]. - The total amount of credit and asset impairment losses recognized in the third quarter is 4.5735 million yuan [7][22]. - The provision for impairment losses is based on the principle of prudence and aims to provide a fair representation of the company's asset values [22]. Shareholder Information - The company has not reported any changes in the number of shareholders or significant shareholders participating in the securities lending business [5]. Other Important Matters - The board of directors has ensured that the financial report is true, accurate, and complete, with no false records or misleading statements [2][31]. - The decision to recognize impairment losses was approved in the board meetings held on October 27, 2025 [23][40].

Core Viewpoint - Guomai Culture (301052.SZ) reported a revenue of 497 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 26.51% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 12.0658 million yuan, representing a year-on-year decrease of 43.18% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 9.9734 million yuan, showing a year-on-year decline of 43.51% [1] - The basic earnings per share stood at 0.1219 yuan [1]

格隆汇10月27日丨果麦文化(301052.SZ)公布三季度报告，前三季营业收入4.97亿元，同比增长26.51%， 归属于上市公司股东的净利润1206.58万元，同比下降43.18%，归属于上市公司股东的扣除非经常性损 益的净利润997万元，同比下降43.51%。 ...