Group 1 - The 15th China International Digital Publishing Expo showcased the theme "Integration of Digital and Real, Smart Win Future," featuring six exhibition areas, one main forum, four sub-forums, and over 150 events, attracting more than 600 participating companies from 23 provinces [2][3] - The expo highlighted innovations in digital publishing, including immersive XR films and AI reading libraries, indicating that digital technology is reshaping public lifestyles [2] - The "Remarkable Oracle Bone Script" exhibition engaged visitors with hands-on experiences, demonstrating the blend of traditional culture and modern technology [2] Group 2 - The international aspect of the expo was emphasized, with a significant increase in international cooperation areas and forums, facilitating potential collaborations among global peers [3] - Several partnerships were formed during the expo, such as the collaboration between Sanqin Publishing House and local tech companies for XR digital activation projects [4] - The concurrent hosting of the expo and the Fourth National Reading Conference in Henan allowed for a deep integration of digital technology with traditional reading practices, enhancing public engagement with literature [4]

Core Viewpoint - The report highlights the financial performance of China Publishing Media Holdings Co., Ltd. for the first half of 2025, indicating a decline in revenue and profit compared to the same period in the previous year, while emphasizing the company's commitment to enhancing its publishing capabilities and adapting to industry changes [1][2]. Company Overview and Financial Indicators - The company reported a total revenue of approximately 2.1 billion RMB, a decrease of 14.94% compared to the same period last year [2]. - The total profit for the period was approximately 137.14 million RMB, down 33.41% year-on-year [2]. - The net profit attributable to shareholders was approximately 132.87 million RMB, reflecting a decrease of 14.89% compared to the previous year [2]. - The company's total assets at the end of the reporting period were approximately 16.04 billion RMB, a slight decrease of 0.37% from the end of the previous year [2]. Industry and Main Business Situation - The publishing industry is characterized as a traditional sector facing challenges and opportunities due to the integration of traditional and digital publishing [3]. - The overall retail market for books showed a slight increase in volume by 0.73% but experienced a decline in actual sales by 0.31% during the first half of 2025 [3]. - The company is focusing on enhancing its thematic publishing, particularly in humanistic and social sciences, to align with national cultural goals [3][4]. Operational Analysis - The company has emphasized the importance of major publishing projects, such as the "Revival Library" and the third edition of the "Encyclopedia of China," to strengthen its cultural influence [4][5]. - The company has actively engaged in promoting reading among the public and has organized various reading activities to enhance community engagement [6]. - International cooperation has been a focus, with the company exporting 458 copyrights and importing 470 copyrights in the first half of 2025 [7]. Competitive Advantages - The company possesses strong brand advantages with several well-known publishing houses under its umbrella, contributing to its market influence [8]. - It maintains the highest market share in the national book retail market, showcasing its scale advantage [8]. - The company has a rich resource base in various literary fields, which enhances its content offerings and market competitiveness [8]. Major Changes in Operations - The report indicates no significant changes in the company's operations or any major events that could impact its future performance [10].

Group 1 - The 2025 Shanghai Book Fair and "Book Fragrance China" have concluded, showcasing a blend of reading and diverse business models under the theme of "integrated publishing" [1] - The "Everyone Creates, Everyone Reads" initiative was launched during the event, featuring the "Angel Looks Back Home+" national creation plan and the MOOK trial publication "100 Dreams of Chinese People" [2] - The project aims to explore new models of integrated publishing and build a national creation ecosystem to disseminate and preserve everyday Chinese stories [6] Group 2 - Various activities during the Shanghai Book Fair focused on the dialogue between ordinary people and the chaotic times, emphasizing the importance of cultural engagement [6] - The event included discussions on artificial intelligence's impact on urban governance and industry, highlighting key scenarios such as autonomous driving and urban planning [8] - Cultural sharing sessions featured traditional Chinese wisdom through the lens of the 24 solar terms, emphasizing its relevance to ecological development and cultural transmission [10] Group 3 - The book sharing event for the sequel of the popular series "A Little Reunion" addressed contemporary challenges faced by young people, including the clash between ideals and reality, and generational communication issues [11]

Group 1 - The event "Writer's Night" was launched by CITIC Publishing Group and the "Angel Looking Home+" project, focusing on the theme of "everyone creates, everyone reads" [1][3] - The new cultural project "Angel Looking Home+" aims to promote nationwide creation and document Chinese stories through various media formats, including books, Mook, and video podcasts [3][6] - The project seeks to explore new publishing models and ensure that everyday Chinese stories are widely disseminated and preserved [3][6] Group 2 - The first issue of "Angel Looking Home+" features contributions from over 100 authors, including ordinary people's stories, emphasizing the value of simple, heartfelt expressions [4][5] - The initiative encourages the idea that writing and literature are no longer exclusive to renowned authors, allowing ordinary individuals to share their narratives [4][5] - The project aims to create a cultural platform that brings literature into everyday life, fostering a sense of community and connection among readers and writers [6][9] Group 3 - CITIC Publishing Group's development has paralleled the growth of China's commercial society, with a history of promoting significant works that inspire business enlightenment [6][14] - The initiative reflects a broader cultural movement, likened to the May Fourth New Culture Movement, where everyone is encouraged to express themselves through writing [14][26] - The project emphasizes the importance of human connection and the sharing of experiences in a time when digital content often feels impersonal [26][28]

Core Insights - The 31st Beijing International Book Fair (BIBF) showcased over 22,000 quality books from more than 1,700 exhibitors across 80 countries and regions, attracting nearly 300,000 visitors from June 18 to 22 [4][5] - The theme of this year's fair was "Promoting the Inheritance and Development of Civilization, and Promoting Mutual Learning and Win-Win Cooperation," aiming to create a high-level international exchange platform [5] - The fair achieved significant results in copyright trade, with a total of 2,826 agreements (including intentions) reached during the event [14] Event Highlights - The China Writers' Pavilion focused on commemorating the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression, showcasing literature related to this theme [6] - New book releases included works that explore historical culture, cutting-edge technology, and traditional Chinese culture, such as "The Horn" children's narrative poem and "The Beauty of Diversity: Art and Life in Ancient Greece" [7][8] - The fair featured a special exhibition of "50 Recommended International Copyright Books" from the guest country Malaysia, highlighting its multilingual publishing landscape [10][11] Digital Transformation - The fair emphasized the importance of digital reading and the transformation of reading habits, with nearly 80% of adults reading via mobile devices [9] - The integration of digital publishing and international cooperation was a focal point, with discussions on enhancing copyright transaction rates through digital platforms [13] International Cooperation - The fair facilitated various international collaborations, including the signing of copyright agreements for works like "The Yangtze River in the Last Decade" and "Integrated Circuit Manufacturing Technology" [15][16] - The event also highlighted the mutual translation projects between China and Italy, aiming to promote cultural exchange through literature [17] Ongoing Initiatives - Following the fair, online copyright exchanges continue, with initiatives like the "Global Cloud Book Sales Conference" and the "Sunshine Reading Plan" aimed at promoting Chinese literature globally [18]