二、公司聘任总经理情况 证券代码：601019 证券简称：山东出版 公告编号：2025-034 山东出版传媒股份有限公司 关于总经理辞任及聘任公司总经理的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担法律责任。 一、公司总经理辞任情况 山东出版传媒股份有限公司（以下简称"公司" ）董事会于 书。因工作调整原因，申维龙先生申请辞去公司总经理及第四届 董事会提名、薪酬与考核委员会委员职务，该辞职报告书自送达 公司董事会之日起生效。辞去以上职务后，申维龙先生仍旧在公 司担任党委副书记、董事职务。 申维龙先生在担任公司总经理期间，恪尽职守、勤勉尽责， 公司对申维龙先生在任职总经理期间为公司发展做出的贡献表 示衷心感谢！ 时）会议，审议通过了《关于聘任李涛先生为公司总经理的议案》 ， 同意聘任李涛先生担任公司总经理，任期与本届经营班子任期一 致，自本次董事会会议审议通过之日起算。 公司第四届董事会提名、薪酬与考核委员会 2025 年第三次 会议已对李涛先生的任职资格进行了审核，认为上述人选符合公 司高级管理人员任职资格的相关规定。 李涛先 ...

经山东出版传媒股份有限公司（以下简称"公司"）控股股 东、实际控制人山东出版集团有限公司提名，第四届董事会提名、 薪酬与考核委员会资格审核，公司于 2025 年 7 月 28 日，召开第 四届董事会第三十五次（临时）会议，审议通过了《关于提名李 涛先生为公司第四届董事会董事候选人的议案》，同意李涛先生 为公司第四届董事会董事候选人，同意将上述候选人提交公司股 东大会采取累积投票的方式进行选举。任期自股东大会审议通过 之日起至第四届董事会届满之日止。 上述董事候选人任职资格符合相关法律、行政法规、部门规 章、规范性文件对董事候选人任职资格的要求,不存在《公司法》 规定的不得担任公司董事的情形。上述董事候选人未曾受到中国 证券监督管理委员会的行政处罚，不存在上海证券交易所认定的 不适合担任上市公司董事的其他情形。 证券代码：601019 证券简称：山东出版 公告编号：2025-35 山东出版传媒股份有限公司 关于选举李涛先生为公司董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担法律责任。 李涛先生简历： 李涛，男，回族，河北沧州 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the media sector, indicating a positive outlook for their stock performance [6][9]. Core Insights - The media industry (Shenwan) saw a weekly increase of 2.15%, ranking 18th among industries, outperforming the Shanghai Composite Index and the CSI 300 Index [12][20]. - Key companies such as Happiness Blue Ocean, Xinhua Media, and InSai Group showed strong performance, with notable weekly gains [20]. - The report highlights the approval of 134 game licenses in July, with 127 domestic and 7 imported game licenses issued, indicating a robust gaming market [30][31]. Industry Performance - The media sector's sub-segments experienced overall growth, with the gaming sector rising by 2.96%, advertising by 0.90%, and film by 2.00% [12][15]. - The top three best-selling games as of July 24 were "Dungeon & Fighter: Origin," "Honor of Kings," and "Peacekeeper Elite" [27]. Key Data and Updates - AI applications saw significant download numbers, with the top apps being Doubao and Quark, indicating a growing interest in AI technologies [24]. - The film industry reported a total box office of 9.57 billion yuan for the week of July 18-24, with "The Lychee of Chang'an" leading the box office [38][39]. Investment Recommendations - The report recommends focusing on themes such as AI applications and cultural exports, particularly in gaming, IP, short dramas, and publishing sectors [4][43]. - Specific companies to watch include Giant Network, Kae Ying Network, Yaoji Technology, and Meitu Company, among others [4][43].

Core Insights - The 33rd National Book Trade Fair in Chongqing emphasizes the importance of reading and cultural consumption, featuring various exhibitions and activities aimed at promoting the publishing industry and cultural development [1][2]. Group 1: Event Overview - The book fair is organized by the National Press and Publication Administration and the Chongqing Municipal Government, themed "Book Fragrance China: The Beauty of Reading" [1]. - The event includes exhibitions such as "The Light of Truth - Achievements in the Party's Innovative Theories" and various reading activities like the Reader's Conference and Children's Reading Carnival [1]. Group 2: Participation and Engagement - The fair features over 1,000 reading activities and showcases more than one million excellent books across an 80,000 square meter exhibition area [2]. - The event has attracted significant attention from readers, with publishers noting the enthusiasm of the Chongqing audience [2]. Group 3: Digital Integration - The integration of digital technology in the cultural industry is highlighted, with the Chongqing Publishing Group launching a comprehensive digital publishing platform [3]. - The digital publishing industry in Chongqing is projected to reach a total output value of 31.3 billion yuan in 2024, with an added value of 15.8 billion yuan [3]. Group 4: Retail and Promotions - The book fair features a street of physical bookstores, allowing readers to explore various quality books and cultural products [4]. - A total of 2 million yuan in cultural subsidies for book purchases is offered, with discounts from over 400 publishers and online platforms [4][5]. Group 5: Community and Cultural Impact - The event fosters a vibrant reading atmosphere, with interactive activities and cultural markets attracting significant participation [6]. - Chongqing is enhancing its "15-minute quality cultural life circle," promoting reading through various community projects and initiatives [7].

Core Viewpoint - The launch of the youth-oriented AI literacy journal "Science Popularization Weekly: AI is Here" by China CITIC Press aims to equip teenagers aged 8 to 15 with essential skills and knowledge in artificial intelligence, addressing the evolving educational needs in the AI era [1][3]. Group 1: Journal Overview - "Science Popularization Weekly: AI is Here" is designed specifically for teenagers, developed with the support of over a hundred universities and contributions from renowned AI experts and educators [1]. - The journal focuses on cultivating key competencies such as logical reasoning and cross-disciplinary innovation through a framework of "5 capabilities" and "6 types of thinking" [1]. Group 2: Strategic Collaboration - China CITIC Press and Classroom Inside & Outside signed a strategic cooperation agreement to create a comprehensive ecosystem for youth AI literacy, including publications, assessments, competitions, training courses, educational forums, and study tours [3]. - The collaboration aims to provide cognitive tools for youth to navigate complex information and adapt to technological changes [3]. Group 3: Expert Insights - Notable science writer Yan Bojun emphasized that understanding and utilizing AI is crucial for individuals to avoid being replaced in the workforce [6]. - AI education expert Xie Zoru highlighted the importance of parents learning alongside their children to enhance their understanding of AI, positioning AI as a powerful ally for youth [6].

Group 1 - The core viewpoint of the report emphasizes the ongoing transformation in the media industry, particularly focusing on the gaming sector and the commercialization of AI applications [1][12] - As of June 30, 2025, the media industry index increased by 12.77%, outperforming the CSI 300 index by 12.74 percentage points and the ChiNext index by 3.99 percentage points [4] - The gaming sub-sector has shown the highest growth, with an increase of approximately 39.16% since the beginning of the year, while the publishing index saw a modest rise of about 1.30% [4] Group 2 - The report highlights a significant decline in the price-to-earnings (PE) ratios across various sub-sectors of the media industry, with the publishing sector at a relatively low PE of 19 times and the film and television sector at a higher PE of 46 times [6] - The current PE (TTM) for the media industry is around 43 times, which is above the historical valuation mean [6] Group 3 - The report notes that the Chinese gaming market reached a size of 28.05 billion yuan in May 2025, reflecting a year-on-year growth of 9.9% [13] - The report indicates a favorable policy environment, with various local governments providing financial support for high-quality gaming projects, including one-time grants of up to 5 million yuan [13] Group 4 - The gaming industry is characterized by two growth models: wave-type and step-type growth, with the former being influenced by new product cycles and the latter relying on core products with longer life cycles [14] - The report discusses the normalization of game license approvals, with 147 domestic game licenses and 11 imported licenses issued in June 2025, contributing to a robust supply of new content [15] Group 5 - The report identifies key companies in the media sector, such as Kuaishou, which launched the AI video generation model "Keling," and Kunlun Wanwei, which released the "Tiangong" AI model [24][31] - The report emphasizes the importance of AI applications in enhancing content creation and operational efficiency within the media industry [48]

Group 1: National Book Trade Fair Overview - The 33rd National Book Trade Fair was held in Chongqing from July 25 to July 28, with the theme "Fragrant China, Beauty of Reading" [1] - The main venue covered over 80,000 square meters, attracting over 1,000 publishers and innovative enterprises from more than 30 provinces and cities, showcasing over 100,000 excellent books [1] - The fair included more than 300 special events, featuring renowned authors and various themed exhibitions to promote innovative theories and traditional culture [1] Group 2: New Book Releases - The book "Re Mu and Lan," focusing on the cultural heritage of Tibetan carpets, was launched during the fair, highlighting the importance of cultural preservation [2][4] - "Hainan Anti-Japanese War Chronicle," documenting the history of the anti-Japanese war in Hainan, was also released, emphasizing Hainan's unique role in this historical context [6][7] - The "Hainan Historical Cultural Figures Series," consisting of 100 volumes, was published to present the lives and contributions of notable figures from Hainan [8][9] Group 3: Cultural and Educational Initiatives - The first University Campus Cultural and Creative Exhibition was launched, showcasing cultural innovation from over 30 universities [12][13] - The "Archaeology Book for Teenagers" series was introduced, aimed at making archaeological knowledge accessible and engaging for young readers [18][19] - The "Science Fiction Literature Research Handbook" was presented, addressing the need for systematic research tools in the field of science fiction [14][16]

Group 1 - The core viewpoint of the news is the strategic cooperation between Shengtong Education Group and Chongqing Xinhua Publishing Group, focusing on deep collaboration in content publishing, resource sharing, and business expansion in the education sector [1][2] - The partnership aims to leverage both companies' strengths, including Chongqing Xinhua's offline bookstores and publishing resources, and Shengtong's operational capabilities in technology education [1][2] - The agreement includes optimizing cost structures and revenue-sharing models to enhance profitability and establish a fund mechanism to ensure the sustainability of the collaboration [1][2] Group 2 - Chongqing Xinhua Publishing Group is a key state-owned cultural enterprise managed by the Chongqing State-owned Assets Supervision and Administration Commission, with a modern logistics center and 44 direct-operated stores, covering over 200 primary and secondary schools nationwide [2] - The collaboration is seen as a model of industry integration under policy guidance, creating a "reading + technology" ecosystem that opens up significant growth opportunities for both parties [2] - The innovative model of "ecological value symbiosis" is expected to provide practical references for the deep integration and transformation of the cultural industry and technology education [2]

Group 1 - The core viewpoint of the collaboration between Chongqing Xinhua Publishing Group and Chongqing International Investment Consulting Group is to leverage their resources to enhance cultural product supply chain services and support the digital transformation of Chongqing's cultural industry [1][2]. - The partnership will create a specialized "Publication Zone" within the "Chongqing Enterprise Sunshine E-commerce Mall," integrating various cultural products such as books, audio-visual materials, and digital copyrights, aiming to provide efficient and transparent procurement services for enterprises [1][2]. - The collaboration emphasizes the integration of culture and technology, aiming to establish a comprehensive electronic procurement system that focuses on state-owned enterprise collective procurement and local特色产业 [2][3]. Group 2 - The cooperation is seen as a fusion of cultural supply-side structural reform and the digital transformation of state-owned enterprises, with both parties aiming to explore innovative models that combine culture, technology, and consulting [2][3]. - The initiative will focus on building an intelligent and digital cultural product supply chain system, optimizing processes to reduce costs and improve efficiency in procurement management [2][5]. - Future collaborations will extend to areas such as cultural ecosystem development, think tank research, and talent cultivation, contributing to the establishment of Chongqing as a cultural hub in the western region [3].

Core Viewpoint - The company, Zhongwen Media, reported a significant decline in revenue and net profit for the year 2024, prompting regulatory inquiries regarding its financial disclosures and business operations [1][2]. Business Overview - The main business segments of Zhongwen Media include general books, educational materials, new business formats, integrated marketing, and material trading. The company achieved a revenue of 9.304 billion yuan, a year-on-year decrease of 14.56%. The net profit attributable to shareholders was 744 million yuan, down from 686 million yuan, indicating a decline in profitability [2]. Revenue Breakdown - Revenue from general books and educational materials saw substantial declines, with year-on-year decreases of 26.97% and 27.55%, respectively. The sales models employed include both unconditional and conditional sales returns [2]. Regulatory Inquiry - The company received an inquiry from the Shanghai Stock Exchange regarding its 2024 annual report, which necessitated a detailed response addressing various aspects of its financial disclosures and business relationships [1][3]. Client and Supplier Relationships - The company provided detailed disclosures about its major clients and suppliers over the past three years, including sales content, settlement policies, and outstanding amounts. Notably, there were no significant overlaps in client-supplier relationships that could raise concerns about commercial rationality [3][6]. Sales and Settlement Policies - The company outlined its sales channels and models, particularly for general books and educational materials, detailing the conditions for sales returns, pricing mechanisms, and revenue recognition methods in compliance with accounting standards [3][6]. Performance Analysis - A quantitative analysis was requested to explain the significant decline in performance, considering industry policies, competitive conditions, and cost structures. The company is expected to provide insights into quarterly performance fluctuations based on cost and expense changes [3][4]. Integrated Marketing and New Business Formats - The integrated marketing segment and new business formats, including game-related services, are also part of the company's revenue streams. The company has established various settlement policies with clients in these segments, reflecting a diverse approach to revenue generation [4][7]. Supplier Relationships in Material Trading - The company disclosed its supplier relationships in the material trading segment, detailing procurement policies and outstanding amounts, which are crucial for understanding its operational dynamics [6][7]. Financial Health Indicators - The company has reported various financial health indicators, including accounts receivable and provisions for bad debts, which are essential for assessing its financial stability and risk management practices [5][6].