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].

Group 1 - The core viewpoint emphasizes the importance of strengthening historical relic protection and promoting deep integration of culture and tourism in Guilin, aiming to enhance the local cultural tourism industry and accelerate the construction of a world-class tourist city [1][2][3] - The Yanshan Garden, a significant historical site in Guilin, is highlighted for its cultural heritage and historical importance, with a call for effective measures to protect and revitalize it [1][2] - The Guangxi Normal University Press, established in 1986, is recognized for its strong position among university publishers in China, with encouragement to continue innovating and contributing to educational and social development [2] Group 2 - The historical significance of the Eight Route Army's office and memorial in Guilin is underscored, with a focus on preserving red historical resources and promoting stories of friendship between China and Vietnam [3] - The need to balance protection and utilization of historical sites is stressed, with an emphasis on using culture to enhance tourism and vice versa [2][3] - Guangxi Normal University is urged to leverage its educational resources to cultivate talented individuals who can contribute to the development of Guilin as a world-class tourist destination [2]

Group 1: Richemont Group's Jewelry Business Performance - Richemont Group reported a strong performance in its jewelry segment, with sales increasing by 11% to €39.14 billion, accounting for over 70% of the group's revenue [3] - The overall sales for the first quarter of the 2026 fiscal year reached €5.412 billion, reflecting a 6% year-on-year growth at constant exchange rates [3] - The jewelry business has achieved double-digit growth for three consecutive quarters, exceeding analyst expectations, while the Japanese market saw a decline of 15% due to a high comparison base from the previous year [3] Group 2: Burberry's Transformation Efforts - Burberry's latest quarterly revenue was £433 million, down 6% year-on-year, but the decline was less severe than the previous quarter's 15% [6] - The brand experienced a 1% growth in Europe, the Middle East, and Africa, and a 4% rebound in the Americas, while the Asia-Pacific market remained under pressure with a decline of approximately 5% [6] - Burberry's CEO Joshua Schulman has initiated a brand transformation plan called "Burberry Forward," focusing on streamlining SKUs and enhancing store experiences, with an expected cost saving of £80 million for the year [6] Group 3: LVMH's Investment in Molli - LVMH's venture capital fund, LVMH Luxury Ventures, has acquired a minority stake in the high-end knitwear brand Molli, marking the brand's first financing since its takeover in 2014 [10] - Molli, established in 1886, reported sales exceeding €8 million last year and expects to surpass €10 million this year, with 35% of sales coming from cross-border e-commerce [10] - The investment aims to support Molli's global expansion and enhance its e-commerce capabilities, aligning with LVMH's focus on luxury knitwear brands [10] Group 4: Vacheron Constantin's 270th Anniversary Exhibition - Vacheron Constantin launched a limited-time exhibition titled "The Journey of Excellence" in Shanghai to celebrate its 270th anniversary, showcasing over 60 museum-quality timepieces and horological tools [13] - The exhibition features themes such as "Looking at the World," highlighting pieces inspired by Chinese aesthetics, and "Hand in Hand with the Louvre," showcasing timepieces honoring ancient civilizations [13] - A special interactive installation presents the "Les Cabinotiers" masterpiece, which is the world's most complex timepiece, integrating 2,877 components and 63 complications, including a unique Chinese perpetual calendar function [13] Group 5: Chanel's New Publication - Chanel launched a new publication titled "Art and Culture," focusing on the brand's artistic collaborations and cultural projects over the past five years [16] - The magazine, approximately 250 pages long, features diverse perspectives from artists and includes articles on notable figures, as well as a collection of works from the CHANEL Next Prize winners [16] - This initiative reinforces Chanel's role as an art sponsor and cultural narrator, emphasizing its long-term commitment to global cultural discourse [16]

Group 1 - The core theme of the 35th Hong Kong Book Fair was "Culinary Culture and Future Life," with Sichuan showcasing its unique cultural charm through over 600 quality books, 240 creative cultural products, and more than 20 intangible cultural heritage performances [1][5] - Approximately 40,000 Hong Kong citizens visited the Sichuan theme pavilion, experiencing traditional performances such as the Long Mouth Pot tea art [1][5] - The Sichuan theme pavilion featured a variety of cultural exhibits, including books on ancient Shu civilization and culinary arts, which resonated with the fair's theme [2][5] Group 2 - A new book launch event highlighted the collaboration between Sichuan and Hong Kong, introducing traditional Chinese versions of books about giant pandas, which serve as a cultural bridge between the two regions [4] - The event also emphasized the potential for further collaboration in film and television, with expectations for more joint projects and the upcoming Golden Panda Awards [4] - The cultural exchange is expected to grow, with over 60 book copyright collaborations annually between Sichuan and Hong Kong, indicating a vibrant future for cultural integration [5]

采写 | 徐鲁青 编辑 | 黄月 今年夏天，文学图书市场比预期热闹了一些。 7月10日，邓紫棋的首部长篇科幻小说《启示路》在预售阶段创下了令人意外的数据——一小时内销售 额突破4000万码洋，累计销量超过20万册。而在这场预售之前，一位此前几乎没有声量的90后作家刘楚 昕，因在"漓江文学奖"上的一段发言走红，新书《泥潭》上线仅三周销量便突破40万册，成为近年来少 见的纯文学热卖书。 这两本书的畅销路径并不相同，却各自代表着当下文学图书热销的可能：《启示路》背靠邓紫棋庞大的 粉丝基础，预售阶段的热度很大程度来自粉丝社区的自发传播；而《泥潭》的走红则始于一段短视频片 段，通过情绪共鸣引发大量转发，进而带动销量。 在一个"文学书越来越难卖"的当下，这两本书的热销也给出了一个值得追问的切口：如今，一本文学书 还能怎么卖出去？ 2025年1月10日，北京，2025北京图书订货会上，不少出版行业机构在书展会场搭建短视频直播间，主 播在线上直播带货卖书，电商平台已然成为纸质图书的一大销售渠道。图源：视觉中国 01 从更长时间维度来看，"文学图书卖不动"并非今年才出现的现象。北京开卷高级研究经理冯小慧告诉界 面文化，自疫情以 ...

Core Points - The company announced a cash dividend distribution of 0.55 CNY per share for the fiscal year 2024, approved at the annual shareholders' meeting on May 29, 2025 [2][4] - The total cash dividend to be distributed amounts to approximately 485.08 million CNY, based on a total share capital of 881,970,094 shares as of the announcement date [4] - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [3][4] Distribution Details - The distribution plan includes a cash dividend of 5.50 CNY for every 10 shares held, which is inclusive of tax [4] - The company has canceled 13,906,472 shares repurchased in 2022, reducing the total share capital from 895,876,566 shares to 881,970,094 shares [4] - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [6] Taxation Information - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax; for those holding shares for one month or less, the full amount is taxable [8] - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net dividend of 0.495 CNY per share [9] - Other institutional investors and corporate shareholders will receive the full cash dividend of 0.55 CNY per share, with tax obligations to be handled independently [9]

证券代码：601019 证券简称：山东出版 公告编号：2025-032 山东出版传媒股份有限公司 关于对全资子公司提供担保的实施公告 ?对外担保逾期的累计数量：无。 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。 重要内容提示: ?被担保人名称：公司全资子公司：山东省印刷物资有限公 司（简称"物资公司"） 、山东省出版对外贸易有限公司（简称"外 贸公司" ），以及外贸公司全资子公司：山东高志出版国际贸易有 限公司（简称"高志公司" ）。 ?本次担保金额及已实际为其提供的担保余额：公司本次为 物资公司提供的银行授信担保为 0.50 亿元，为外贸公司提供的 银行授信担保为 15.62 亿元，为高志公司提供的银行授信担保为 供的担保余额为 87,698.47 万元。 ?本次担保不存在反担保。 ?特别风险提示：公司本次为资产负债率超过 70%的子公司 外贸公司担保的金额为 15.62 亿元，敬请投资者注意相关风险。 一、担保情况概述 了《关于公司 2025 年度对全资子公司提供担保额度的议案》 ，同 意公司 2025 年度为全资子公 ...

Core Viewpoint - Heilongjiang Publishing Media Co., Ltd. plans to use part of the raised funds amounting to 20.1079 million yuan to increase capital in its wholly-owned subsidiary for the implementation of the "Xinhua Bookstore Store Operation Upgrade and Renovation Project" [1][5]. Fundraising Basic Situation - The company was approved to issue no more than 44.44445 million shares, with a net fundraising amount of 228.8065 million yuan after deducting issuance costs [1][2]. Fundraising Investment Project Situation - The total amount allocated for various projects includes: - Boutique Publishing Project: 24,796,047.59 yuan - Xinhua Bookstore Store Operation Upgrade Project: 40,107,890.41 yuan - Printing Equipment Upgrade Project: 47,777,463.15 yuan - Publishing Building Project: 66,376,025.49 yuan - Total: 228,806,523.25 yuan [3]. Capital Increase Situation - The company will increase capital by 20.1079 million yuan to its subsidiary Heilongjiang Xinhua Bookstore Group Co., Ltd., which will further increase capital to its wholly-owned subsidiary Heilongjiang Province Xinhua Bookstore Chain Co., Ltd. for the specific implementation of the project [3][4]. Purpose and Impact of Capital Increase - The capital increase is based on the actual needs of the fundraising project post-IPO, ensuring the smooth implementation of the project and aligning with the fundraising usage arrangements [4][5]. Fundraising Management After Capital Increase - The company and its subsidiary have opened special accounts for the storage of raised funds, ensuring compliance with relevant regulations [4][5]. Decision-Making Process - The board of directors and the supervisory board approved the capital increase on July 21, 2025, in accordance with relevant regulations [5][6]. Other Matters - The capital increase does not require shareholder meeting approval as it does not meet the criteria for such a review, and it does not constitute a related party transaction or a major asset restructuring [7].