Shang Hai Zheng Quan Bao·2025-12-12 20:29Core Points - The company has approved the establishment of a wholly-owned subsidiary and the internal transfer of equity of certain subsidiaries without compensation, aiming to enhance the innovation and development of its scientific journal business [3][4][16] - The investment for the new subsidiary, Beijing Zhongke Media Co., Ltd., is set at 200 million RMB, with the equity transfer effective from December 31, 2024 [3][5][16] - The internal equity transfer does not constitute a related party transaction or a major asset restructuring as per regulations [4][16] Summary by Sections Basic Overview - On December 12, 2025, the company held its 18th meeting of the fourth board of directors, where it approved the investment to establish a wholly-owned subsidiary and the internal transfer of equity of certain subsidiaries [3][20] - The new subsidiary will focus on advancing the company's scientific journal initiatives [3][16] Details of the New Subsidiary - The new company, Beijing Zhongke Media Co., Ltd., will have a registered capital of 200 million RMB and will be fully owned by the company [5][16] - The subsidiary's business scope includes publishing, digital technology services, and cultural activities [6][16] Equity Transfer Details - The equity transfer involves the complete transfer of stakes in several subsidiaries, including China Science Magazine and Beijing Zhongke Journal Publishing Co., Ltd., to the new subsidiary without any payment [4][16] - The transfer is part of an internal adjustment within the company's consolidated financial statements, with no significant impact on the company's financial condition or operational results [16] Financial Indicators - As of December 31, 2024, the company reported total assets of 73.6 billion RMB and net assets of 54.5 billion RMB, with a revenue of 29.6 billion RMB and a profit of 4.99 billion RMB [7][16] - The subsidiaries involved in the equity transfer also reported their respective financial metrics, indicating their operational scale and profitability [9][10][11][14]