中原传媒发布业绩快报：2025营业收入同比下降5.13%

Core Viewpoint - Zhongyuan Media Co., Ltd. reported a decline in revenue for 2025 while achieving significant growth in net profit, attributed to favorable tax policies [1]. Group 1: Financial Performance - In 2025, the company achieved an operating income of 9.351 billion yuan, a year-on-year decrease of 5.13% [1]. - The net profit attributable to shareholders was 1.349 billion yuan, reflecting a year-on-year increase of 30.99% [1]. Group 2: Tax Policy Impact - The increase in net profit is linked to a tax exemption policy for cultural enterprises, allowing the company’s publishing and book distribution units to benefit from corporate income tax exemption from 2024 to 2027 [1]. - In 2024, the company recognized a one-time adjustment of 227 million yuan in deferred tax assets, which reduced the net profit for that year but did not affect the 2025 results [1]. Group 3: Business Overview - Zhongyuan Media is primarily engaged in the editing, production, and marketing of publications, with operations spanning content production, product sales, printing, media communication, digital education and services, and cultural product trade [1].