CNS(SH:601098) Jing Ji Guan Cha Wang·2026-02-13 01:11Core Viewpoint - The company is experiencing a delay in the asset injection commitment from its controlling shareholder, while also reporting a net profit growth and maintaining a high dividend payout ratio. Recent Events - The company announced that the deadline for the asset injection commitment from its controlling shareholder, Hunan Publishing Investment Holding Group Co., Ltd., has been extended to December 8, 2030, due to delays in the completion of related auditing, evaluation, and approval processes. This change may affect investors' expectations regarding long-term planning [2]. Project Advancement - The company's board approved a capital increase of 231 million yuan to its wholly-owned subsidiary, Xiaoxiang Morning Post Media Group, aimed at funding equity acquisitions and media technology upgrades. This initiative is intended to promote industrial transformation [3]. Performance and Operating Conditions - According to the Q3 2025 report, the company achieved an operating revenue of 8.488 billion yuan from January to September 2025, a year-on-year decrease of 9.37%. However, the net profit attributable to shareholders increased by 22.32% to 1.17 billion yuan. The company has a historically high dividend payout ratio, with a planned dividend of 0.45 yuan per share for the 2024 fiscal year and 0.1 yuan for the mid-2025 period, reflecting a commitment to returning value to shareholders [4]. Strategic Advancement - The company is focusing on a "culture + technology" strategy, with key investments in new business areas such as AI education and digital publishing, including the development of a smart educational support platform. This strategy may influence the future business structure [5].