2025上海书展将于8月13日（周三）至19日（周二）举办，着力打造"双主场+X+N"模式，推出上海展览 中心、上海书城"双主场"，在全市范围打造多个"X"分会场，活动数量再创新高，合计1267项，在七天 的活动中，我们推荐以下这些供大家参考。（活动时间地点等信息据《2025上海书展活动表》整理，实 际情况以现场为准。） 8月13日 周三 主题：文化如何跨越边界，连接彼此？——《文化的故事》新书分享会 嘉宾：[美国]马丁·普克纳、严锋，主持：丁雄飞 时间：13:00-15:00 地点：思南文学之家（复兴中路505号） 主题：《中医药的全球教化》新书发布会、座谈暨签售 嘉宾：杨国荣、丁光宏、王旭东、李海英、葛学斌、李学功等 时间：13:45-14:45 地点：上海展览中心友谊会堂友谊厅 主题：谣言即新闻：宋代历史上的假消息与真故事——《如临大敌：谣言恐慌与大宋王朝1054》新书分 享会 嘉宾：黄博、虞云国、程衍樑 时间：14:00-16:00 地点：中信书店·跳岛声音书店（南京西路1168号中信泰富广场LG层） 主题：走近敦煌——"新时代敦煌学研究丛书"新书发布会 嘉宾：荣新江、赵声良、刘屹、游自勇、裴成国、田 ...

Group 1 - The Shanghai Book Fair is set to take place from August 13, 2025, with significant interest from readers, as evidenced by social media engagement and ticket purchases [1][2] - This year marks the introduction of a "dual main venue" format, expanding the event's reach and enhancing the variety of activities and exhibits, reflecting Shanghai's commitment to promoting reading [2][6] - The Shanghai Book Fair has evolved over 21 years into a major platform for book launches and a key indicator of reading trends in China, attracting significant participation from publishers and readers alike [3][4] Group 2 - The event will feature over 4,000 quality books and unique cultural products from Hunan Province, which is this year's guest province, showcasing the region's literary contributions [3] - Local publishers and bookstores will present nearly 10,000 titles, including over 2,000 new releases, and host around 300 events, emphasizing the diversity of offerings [3][4] - The fair aims to create a vibrant reading atmosphere throughout Shanghai, with various reading activities taking place in libraries and bookstores across the city [5][6] Group 3 - The innovative "dual main venue + X + N" model allows for a broader participation across the city, making reading more accessible to the public [6][7] - Various district venues will highlight local cultural characteristics, integrating art and literature through themed events and activities [7] - The fair's activities will extend to community spaces, enhancing cultural engagement and promoting reading as a core value in Shanghai's urban life [6][7]

Core Insights - The report highlights a moderate recovery in the Chinese economy, with consumption and investment as key drivers, and suggests a focus on technology growth and cyclical manufacturing as main investment themes [7][8][9] Domestic Market Performance - The Shanghai Composite Index closed at 3,635.13, down 0.12%, while the Shenzhen Component Index closed at 11,128.67, down 0.26% [3] - The average P/E ratios for the Shanghai Composite and ChiNext are 14.93 and 41.75, respectively, indicating a suitable environment for medium to long-term investments [7][8] International Market Performance - Major international indices such as the Dow Jones and S&P 500 experienced declines of 0.67% and 0.45%, respectively, while the Nikkei 225 saw a slight increase of 0.62% [4] Economic Indicators - In July, the national CPI remained flat year-on-year, with a month-on-month increase of 0.4%, while the PPI decreased by 3.6% year-on-year and 0.2% month-on-month [4][7] - The report notes that the People's Court has issued guidelines to address challenges faced by the private economy, including payment delays and financing difficulties [4][7] Industry Analysis - The report discusses the photovoltaic industry, noting a significant rebound in the index, which rose by 9.73% in July, outperforming the CSI 300 index [17] - The report emphasizes the importance of addressing low-price competition in the photovoltaic sector, with policies expected to drive industry consolidation and improve product quality [17][20] New Energy Vehicle Industry - The report outlines the rapid growth of the new energy vehicle (NEV) market, with global sales projected to exceed 20 million units by 2025, and China maintaining a leading position with a market share of 65% in global electric vehicle sales [22][23] - The NEV industry in Henan province is highlighted for its comprehensive supply chain, including raw materials, key components, and vehicle manufacturing [21][23] Storage Industry - The new energy storage sector is experiencing rapid growth, with a significant increase in installed capacity expected, driven by advancements in lithium-ion battery technology [25][26] - The report indicates that Henan province is focusing on developing a diverse new energy storage technology landscape, including lithium-ion and flow batteries [29][30] Machinery and Robotics - The machinery sector showed a 7.35% increase in July, with strong performance in engineering machinery and industrial robots, suggesting a positive outlook for these industries [31][32] - The report recommends focusing on companies with stable earnings and high dividend yields in the engineering machinery sector [31][32]

Core Viewpoint - New Classics (603096) reported a significant decline in revenue and net profit for the first half of 2025, reflecting challenges in the Chinese book retail market, particularly in non-essential categories [1][8]. Financial Performance - Total revenue for the first half of 2025 was 315 million yuan, a decrease of 30.54% year-on-year [1]. - Net profit attributable to shareholders was 46.88 million yuan, down 48.5% compared to the previous year [1]. - Gross margin improved slightly to 49.43%, an increase of 2.7% year-on-year, while net margin fell to 15.07%, a decrease of 26.12% [1]. - Total expenses (selling, administrative, and financial) rose significantly, accounting for 31.4% of total revenue, an increase of 30.86% year-on-year [1]. Cash Flow and Assets - Cash and cash equivalents decreased by 41.96% to 195 million yuan, attributed to reduced cash receipts from sales and cash dividends [3]. - Operating cash flow per share was -0.77 yuan, a drastic decline of 1837.29% year-on-year [1][10]. - Accounts receivable decreased by 16.57% to 127 million yuan [1]. Liabilities and Expenses - Financial expenses saw a notable increase of 119.3%, primarily due to increased interest income from bank deposits [9]. - Employee compensation liabilities decreased by 52% due to the payment of year-end bonuses [4]. - Tax liabilities increased by 71.08%, reflecting a rise in corporate income tax payable [5]. Market Context - The overall Chinese book retail market faced pressure, leading to a notable decline in sales for the company [8]. - The company's return on invested capital (ROIC) was 6.24%, indicating average capital returns, with a historical median ROIC of 14.62% since its listing [18]. Investment Insights - The company relies heavily on marketing-driven performance, necessitating a deeper analysis of the underlying drivers [20]. - The accounts receivable situation is concerning, with accounts receivable equating to 100.13% of profits [21].

Core Viewpoint - The company, Reader Media (603999.SH), is actively involved in the publication and distribution of educational materials, particularly textbooks and supplementary resources for primary and secondary schools in Gansu Province, China [1] Group 1: Company Operations - The company's subsidiary, the Textbook Publishing Center, is responsible for the rental agency, printing, and promotion of textbooks primarily from the People's Education Press, along with other related publishing units [1] - Educational materials are distributed through the Gansu Xinhua Bookstore system, with a structured release schedule in spring and autumn each year [1] - Other subsidiaries, including the Children's Publishing House, Cultural Publishing House, and Educational Publishing House, also contribute to the publication and distribution of educational supplementary materials, achieving notable social and economic benefits [1]

Market Overview - The publishing sector experienced a decline of 0.32% on August 8, with Century Tianhong leading the drop [1] - The Shanghai Composite Index closed at 3635.13, down 0.12%, while the Shenzhen Component Index closed at 11128.67, down 0.26% [1] Individual Stock Performance - Notable gainers included: - Yue Media (002181) with a closing price of 7.22, up 1.55% [1] - Phoenix Media (601928) at 11.20, up 0.90% [1] - Xinhua Wenhxuan (601811) at 15.72, up 0.58% [1] - Significant decliners included: - Century Tianhong (300654) at 11.49, down 3.93% [2] - Zhongwen Online (300364) at 25.26, down 3.70% [2] - New Classic (603096) at 18.76, down 2.70% [2] Capital Flow Analysis - The publishing sector saw a net outflow of 401 million yuan from institutional investors, while retail investors contributed a net inflow of 313 million yuan [2][3] - The detailed capital flow for selected stocks showed: - Phoenix Media had a net inflow of 16.98 million yuan from institutional investors [3] - Yue Media experienced a net outflow of 18.23 million yuan from retail investors [3] - New Classic had a net inflow of 5.24 million yuan from institutional investors [3]

新华出版社社长、中华人民共和国年鉴社社长匡乐成在活动现场致辞 作为2025太阳岛企业家年会的重要活动之一，"数智赋能新消费论坛"于8月2日在哈尔滨正式拉开帷幕。论坛围绕"共创数智传播，聚力新质消 费"的主题展开，旨在推动实体经济与数字经济的深度融合，提升产品和服务质量，增强品牌竞争力和数字影响力，进而促进我国经济的高质 量发展。 在"国鉴臻选"联合"亲耕""藏域冰泉"品牌发布环节，新华出版社社长、中华人民共和国年鉴社社长匡乐成系统阐述了文化力量对消费产业的深 层赋能作用。他指出，在数智时代，更应强调时间沉淀与文化跃升的重要性。国潮消费受到年轻人的青睐，新文旅品牌异军突起，这些现象的 深层次原因在于文化对年轻人的强大吸引力。 新华出版社作为新华社旗下的出版社，肩负着为国家出版重要出版物的使命。《中华人民共和国年鉴》作为国内唯一的综合性国家年鉴，44年 来始终坚持使用翔实的资料、权威的数据和真实的影像，为党政机关、企业、研究机构及国际社会提供了解中国、研究中国的"工具书"和"参 考系"。匡乐成强调，年鉴作为长周期刊物，每年仅出版一本，这种长周期运作模式使得内容更加精细。而"国鉴臻选"品牌正是延续了这种理 念，旨在 ...

按年龄来看，出版行业董秘年龄均超过（含）40岁。 按职务重合来看，荣信文化、天舟文化、皖新传媒、果麦文化存在董秘兼任CFO的情形。 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年 度A股董秘数据报告》显示，2024年A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，出版行业董秘薪酬总额2012.29万元，平均年薪71.87万元。 按学历来看，出版行业董秘学历以本科为主，占比50%，其次为硕士，占比46.43%，博士仅一人，为时 代出版董秘李仕兵。 按违规（仅统计行政监管措施及行政处罚事项）情况来看，2024年至今，出版行业仅ST华闻董秘被罚 （同一上市公司董秘多次被罚不重复计算）。 2025年4月，海南证监局出具《行政处罚决定书》，对ST华闻时任董秘金日给予警告，并处以100万元 罚款。 按任职时长来看，世纪天鸿董秘张立杰任职长达17年之久（2013年12月至2025年3月），2024年薪酬为 33.9万元，同比增长9.78%，不到同行平均薪酬的一半 ...

董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年 度A股董秘数据报告》显示，2024年A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，出版行业董秘薪酬总额2012.29万元，平均年薪71.87万元。 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 世纪天鸿董秘张立杰薪酬最低，具体数据如前文所述。 内蒙新华董秘张瑞平薪酬涨幅最高，年薪45.29万元，上年薪酬为35.69万元，同比增长26.9%。公司经 营业绩层面，内蒙新华实现营业收入18.11亿元，同比下降1.57%，净利润3.38亿元，同比增长7.39%。 按学历来看，出版行业董秘学历以本科为主，占比50%，其次为硕士，占比46.43%，博士仅一人，为时 代出版董秘李仕兵。 按年龄来看，出版行业董秘年龄均超过（含）40岁。 按职务重合来看，荣信文化、天舟文化、皖新传媒、果麦文化存在董秘兼任CFO的情形。 按任职时长来看，世纪天鸿董秘张立杰任职长达17年之久（2013年12月至2025年3月），2024年薪酬为 33.9万元，同比增长9.78%，不 ...

新经典（SH 603096，收盘价：19.28元）8月7日晚间发布半年度业绩报告称，2025年上半年营业收入约 3.15亿元，同比减少30.54%；归属于上市公司股东的净利润约4688万元，同比减少48.5%；基本每股收 益0.3039元，同比减少约45.75%。 （文章来源：每日经济新闻） ...