Summary of Key Points Core Viewpoint - The report outlines the fundraising activities and management of China Publishing Media Co., Ltd., detailing the amounts raised, their usage, and the establishment of special accounts for managing these funds. Fundraising Overview - In 2017, the company raised a total of RMB 1,217,430,000 through the issuance of 36,450,000 shares at a price of RMB 3.34 per share, with a net amount of RMB 1,145,299,567.30 after deducting issuance costs [1][2] - As of June 30, 2025, the balance in the fundraising special account was RMB 18,223,199.99 [1] Fund Management - The company has established a fundraising management system in compliance with regulatory requirements, ensuring that funds are stored and used appropriately [1][2] - A special account was opened at CITIC Bank for managing the funds, with a three-party supervision agreement in place [2][3] Fund Usage - The total amount of funds used for projects as of June 30, 2025, was RMB 1,020,507,596.12, with RMB 552,192,105.08 allocated to supplement working capital [1][2] - The company reported a total of RMB 325,645,175.57 raised in 2022 through a specific issuance, with net proceeds after costs being RMB 325,645,175.57 [1][2] Project-Specific Fund Allocation - Funds have been allocated to various projects, including the "Cloudbag Education Cloud Service Platform" and "Chinese Art Education Multimedia Development Platform," with specific accounts set up for each project [3][4] - The company has terminated certain projects due to market changes, reallocating remaining funds to other initiatives or keeping them in the special account [8][9] Financial Management Practices - The company has engaged in cash management practices, including investing idle funds in structured deposits and other financial products to optimize returns [11][12] - As of June 30, 2025, the company had invested RMB 55,000,000 in notice deposits and RMB 195,000,000 in structured deposits [11][12] Compliance and Reporting - The company adheres to the regulatory guidelines set forth by the China Securities Regulatory Commission regarding the management and use of raised funds [1][2] - Regular reports are provided to ensure transparency and accountability in the use of funds raised through public offerings [1][2]

Group 1: Asset-Backed Securities (ABS) Market - In July 2025, the Asset-Backed Securities (ABS) market saw 153 new registrations with a total scale of 1440.49 billion yuan [1] - The top three ABS underlying assets by registration scale were financing lease receivables (313.66 billion yuan), accounts receivable (309.34 billion yuan), and small loan receivables (247.95 billion yuan) [1] - Six ABS registrations were related to infrastructure public REITs, amounting to 147.33 billion yuan [1] Group 2: Digital Printing Market - In the first half of 2025, China's digital industrial printer market generated revenue of 39.4 billion yuan, marking a year-on-year growth of 10.7% [2] - The large-format digital printing machine market experienced a decline of 2.8%, while the industrial digital textile printing machine market surged by 76.6% [2] - The digital packaging and labeling printing machine market saw a year-on-year increase of 9.3% [2] Group 3: Digital Publishing Industry - The digital publishing industry in China reached a record high revenue of 17,485.36 billion yuan in 2024, reflecting an 8.07% increase from the previous year [2] - The digitalization of books and periodicals showed steady growth, with significant revenue increases in online gaming, online education, and online animation sectors [2] Group 4: Insurance Sector - China Life Insurance reported a net profit of 40.931 billion yuan for the first half of 2025, representing a year-on-year growth of 6.9% [3] - The company's total revenue for the same period was 239.235 billion yuan, up by 2.1% year-on-year [3] - A cash dividend of 0.238 yuan per share (including tax) is proposed for all shareholders [3] Group 5: E-commerce and Food Delivery - Meituan's second-quarter revenue reached 91.84 billion yuan, showing an 11.7% year-on-year increase [4] - The adjusted net profit for the quarter was 1.49 billion yuan, down 89% year-on-year [4] - The core local business segment's revenue grew by 7.7% to 65.3 billion yuan, but operating profit fell significantly due to irrational competition [4] Group 6: Real Estate Investment Trusts (REITs) - JD Group plans to establish a REIT in Singapore with an asset value exceeding 1 billion USD, expected to be listed on the Singapore Exchange by next year [4] Group 7: Food Industry - Youyou Foods reported a net profit of 108 million yuan for the first half of 2025, a year-on-year increase of 42.47% [5] - The company's revenue for the same period was 771 million yuan, up by 45.59% [5] - A cash dividend of 2.3 yuan per 10 shares (including tax) is proposed for shareholders [5] Group 8: Technology Sector - Huasen Technology achieved a net profit of 1.889 billion yuan in the first half of 2025, reflecting a 46.3% year-on-year increase [6] - The company's revenue surged by 113.06% to 83.939 billion yuan [6] - Puxin Technology reported a net profit of 1.055 billion yuan, up 23.03% year-on-year [7] Group 9: Market Overview - The Shanghai Composite Index fell by 1.76% amid a market downturn, with over 4,700 stocks declining [8] - The total trading volume for the day reached 3.17 trillion yuan, an increase of 486.5 billion yuan from the previous trading day [8] - Key sectors showing strength included computing power and chip stocks, while real estate and consumer goods sectors faced declines [8]

Group 1 - The 15th China International Digital Publishing Expo (Digital Expo) and the 4th Book Fragrance Henan National Reading Conference will be held in Zhengzhou from August 28 to 31 [1] - The theme of this year's Digital Expo is "Integration of Digital and Real, Smart Win for the Future," featuring six major exhibition areas including digital publishing units from central ministries, local publishing units, digital technology innovation applications, international cooperation, interactive experiences, and national reading [1] - The event will include one main forum and four sub-forums, with over 150 activities such as negotiations, signing ceremonies, new product launches, and project roadshows [1] Group 2 - The Digital Expo will showcase over 600 participating companies from 23 provinces, highlighting new technologies, products, and projects in digital publishing [1] - Notable exhibits include the "Chinese Prehistoric Site Museum" series by Shaanxi Science and Technology Publishing House, an immersive gaming experience by Zhejiang Boku Digital Publishing Media Group, and an interactive electronic map by Hunan Map Publishing House [1] - Henan will prominently display achievements in cultural digitization, including the XR immersive film "The Remarkable Oracle Bone Inscriptions: The Prince's Glory," allowing audiences to experience the Shang Dynasty culture [1][2]

Core Viewpoint - The report highlights the financial performance and operational strategies of Heilongjiang Publishing and Media Holdings Co., Ltd. for the first half of 2025, indicating a decline in revenue but an increase in net profit, alongside ongoing efforts in digital transformation and governance improvements [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately CNY 624.34 million, a decrease of 24.01% compared to the same period last year [2][11]. - Total profit for the period was approximately CNY 120.05 million, down by 10.84% year-on-year [2][11]. - Net profit attributable to shareholders was approximately CNY 120.04 million, reflecting a 13.28% increase compared to the previous year [2][11]. - The company's total assets increased by 0.68% to approximately CNY 5.72 billion, while net assets rose by 2.19% to approximately CNY 3.80 billion [2][11]. Business Operations - The company focuses on publishing, distribution, and printing services, primarily targeting educational materials for middle and primary school students [3][4]. - The publishing sector is experiencing a shift towards digital integration, with the company actively pursuing digital transformation initiatives [5][6]. - The company has a comprehensive distribution network, including the Heilongjiang Xinhua Bookstore Group, which covers the entire province [9][10]. Strategic Initiatives - The company is implementing a three-year action plan to enhance its publishing capabilities, focusing on high-quality content and award-winning projects [4][5]. - Digital transformation efforts include partnerships with digital reading platforms and the development of educational resources [5][6]. - The company is enhancing its governance structure to improve decision-making and investor relations, holding multiple board meetings and maintaining transparency [6][7]. Market Trends - The publishing industry is witnessing a concentration of resources among leading publishers, with only 36% of publishers achieving year-on-year growth in sales [3][4]. - The company aims to adapt to changing market dynamics by integrating traditional and emerging publishing methods [3][4]. Social Responsibility - The company is committed to fulfilling its social responsibilities, including promoting reading initiatives and supporting rural revitalization efforts [8][9]. - It has engaged in various community support activities, including distributing educational materials and assisting underprivileged groups [8][9].

Group 1 - The 15th China International Digital Publishing Expo will be held in Zhengzhou from August 28 to 31, marking the first time the event takes place in Henan province [1] - The expo is the only national and international event in China focused on promoting the development of the digital publishing industry, having been established in 2005 in Beijing [1] - The theme of this year's expo is "Integration of Digital and Reality, Winning the Future" [2] Group 2 - The expo will feature six major exhibition areas, including digital publishing units from central ministries, local publishing units, digital technology innovation applications, international cooperation, interactive experiences, and a reading area for the public [2] - Over 600 participating companies will showcase innovative products that apply artificial intelligence technology in the publishing industry, as well as new products that integrate digital publishing with cultural tourism, reading, and education [2] - The event will include a main forum, four sub-forums, and various on-site activities such as negotiations, product launches, project roadshows, and interactive experiences [2]

8月21日，中共河南省委宣传部召开第十五届中国国际数字出版博览会、书香河南第四届全民阅读大会新闻 发布会。记者从发布会上获悉，第十五届中国国际数字出版博览会（以下简称"数博会"）、书香河南第四届 全民阅读大会将于8月28日至31日在郑州举行。 发布会上，中国新闻出版研究院党委书记、院长冯士新介绍，本届数博会在展览展示方面将呈现出科技化、 国际化、融合化、场景化四大亮点，分为中央部委所属出版单位数字出版展区、地方出版单位数字出版展 区、数字技术创新应用展区、数字出版国际合作展区、数字出版互动体验展区、书香河南全民阅读展区等六 大展区，同时，将安排1场主论坛、4场分论坛。现场活动包括洽谈签约、新品发布、项目路演等150多场。 值得一提的是，书香河南第四届全民阅读大会与第十五届数博会同期举办，相互叠加、深度融合，着力把本 届数博会打造成"数字出版向中原汇聚、全民阅读在中原升温、中原文化向世界出发"的标志性盛会。书香河 南第四届全民阅读大会以"深化全民阅读，共享品质生活"为主题，按照"1+3+9+N"活动框架，在全省策划多 场特色阅读活动、惠民书展，让书香氤氲中原大地。 作为本届数博会的承办城市，郑州市近年来一直坚持 ...

Group 1 - The South China Book Festival has become a significant cultural event, showcasing over 500,000 publications and cultural products from more than 1,500 domestic and international publishing institutions [1][2] - The integration of "culture + technology" is a focal point, with companies like GAC Group presenting innovative experiences such as flying cars and interactive reading spaces [1][3] - The festival aims to create immersive cultural consumption scenarios, driving the deep integration and upgrading of cultural and technological industries [2][6] Group 2 - AI elements are increasingly present at the festival, allowing for interactive experiences such as generating storybooks and engaging in multimedia activities [4][5] - The festival serves as a major flow entry point for technology companies, enabling them to showcase their products and engage with potential customers in a low-cost manner [6][7] - Guangdong province is leveraging large-scale exhibitions to foster a collaborative relationship between culture and technology, enhancing the overall industry ecosystem [8][9] Group 3 - Guangdong's cultural industry is robust, with a projected revenue of 2.5 trillion yuan in 2024, accounting for over one-sixth of the national total [9] - The province has seen a 10.5% growth in new cultural business revenue, indicating a strengthening of its competitive advantage in digital creativity and related fields [9]

中新网上海8月13日电 (记者 陈静)13日，在2025上海书展开幕当天，"湘沪携手 文脉共承——中南传媒 精品图书推介暨合作伙伴签约活动"(简称：签约活动)举行，推介和发布湖南出版集团近年来出版的300 种重点图书，为广大读者奉上一道丰富的"湘味"文化大餐。 "湘沪携手 文脉共承——中南传媒精品图书推介暨合作伙伴签约活动"13日举行。(湖南出版集团供图) 郭义强还希望两地联合优秀作家群体发掘创作源泉，连接电商及新媒体平台创新发行模式，协同科研、 教育机构注入知识动能，整合区域政策与平台资源营造良好环境，共同构建一个多方参与、优势互补、 互利共赢的出版产业生态圈。 本次签约活动通过"推介一批好书、签约一批作家、聚合一批平台、推出一批福利"，集中展示湖南出版 界在挖掘悠久的历史文化、传承厚重的革命文化、创造活跃的现代文化方面的成果，聚拢一批优质作家 和新媒体平台资源，实质性推动湘沪两地出版文化资源的深度融合与长期战略合作。 在当日的签约活动上，中南出版传媒集团发布拟签约的100位作家；分别与上海市中共党史学会等签署 战略合作框架协议，就沪湘两地红色资源挖掘、渠道拓展达成深度合作意向；与三大头部平台达成战略 合作 ...

数字工具不应消解阅读的深度，而应拓展阅读的维度；算法不应局限人们的视野，而应为求知欲提供精 准的锚点 想象这样一个场景：读者捧起一本纸质书，轻翻书页，认真阅读，耳机里的人工智能助手随时答疑解 惑。如今，媒介与技术的发展正在重塑知识获取的方式，重构内容与读者的关联，为出版行业带来新的 可能。 第二十二次全国国民阅读调查显示，2024年我国成年国民图书阅读率为59.9%，数字化阅读方式的接触 率为80.6%。在这场知识传播方式的变革中，一本书究竟有多少种打开方式？ 以外语教材为例，从最初的纸质图书到附带磁带、光盘的多媒体教材，再到集声音、影像于一体的数字 化资源体系……书已经突破载体的限制，连接起海量数字资源。新技术的应用不是简单地将纸质内容转 化成数字资源，而是改变了知识呈现的方式。许多教材从设计之初就确定以数字课程为主、纸质书为 辅；有的教材还搭载人工智能软件，提供沉浸式的学习环境。 学习资源变得前所未有地丰富，人们的时间和注意力却被稀释。如何帮助用户找到适合的内容，并与用 户建立实时、密切、双向的联系，成为出版机构必然面临的课题。 变化正在发生。线上，数字教材与智慧教辅作为信息收集的"前哨站"，可以实时捕捉 ...

数字工具不应消解阅读的深度，而应拓展阅读的维度；算法不应局限人们的视野，而应为求知欲提供精 准的锚点 想象这样一个场景：读者捧起一本纸质书，轻翻书页，认真阅读，耳机里的人工智能助手随时答疑解 惑。如今，媒介与技术的发展正在重塑知识获取的方式，重构内容与读者的关联，为出版行业带来新的 可能。 从竹木简牍到纸质图书，再到数字阅读、融合式阅读，发生变化的是知识的载体，不变的是阅读的价 值。数字工具不应消解阅读的深度，而应拓展阅读的维度；算法不应局限人们的视野，而应为求知欲提 供精准的锚点。一本书的打开方式或许千变万化，但启迪心智的功能定位应该始终如一。 （作者为北京外国语大学外研集团党委书记，本报记者吴月整理） （文章来源：人民日报） 学习资源变得前所未有地丰富，人们的时间和注意力却被稀释。如何帮助用户找到适合的内容，并与用 户建立实时、密切、双向的联系，成为出版机构必然面临的课题。 变化正在发生。线上，数字教材与智慧教辅作为信息收集的"前哨站"，可以实时捕捉教学中的关键信 息，通过大数据形成用户画像，判断用户学习水平，进而提供个性化学习规划；线下，出版机构通过活 动、赛事、培训等方式，逐步强化与读者的长期关联。 ...