Core Points - The 31st Beijing International Book Fair (BIBF) will be held from June 18 to 22 at the National Convention Center in Beijing, with a theme of "Promoting the Inheritance and Development of Civilization, and Promoting Mutual Learning and Win-Win Cooperation" [1] - The exhibition area has expanded to 60,000 square meters, attracting over 1,700 exhibitors from 80 countries and regions, showcasing 220,000 types of quality books from both domestic and international sources [1] Group 1: Exhibitors and Participation - This year, the book fair has added 9 new participating countries, including Chile, Cyprus, Belarus, Oman, Bangladesh, Ethiopia, Kenya, Guatemala, and Jamaica [2] - Malaysia will serve as the guest of honor, with a dedicated exhibition area of approximately 500 square meters, featuring over 20 libraries, publishing institutions, and industry associations [2] - Major Chinese publishing groups such as China Publishing Group and China International Publishing Group will prominently participate, alongside exhibitors from Hong Kong, Macau, and Taiwan [3] Group 2: Special Exhibitions and Themes - A special exhibition commemorating the 80th anniversary of the victory in the Anti-Japanese War will be featured, along with thematic areas for various genres including philosophy, social sciences, and children's literature [4] - The newly established "Internet Literature Special Exhibition Area" will showcase the diverse appeal and contemporary value of internet literature through various formats [4] - The BIBF Art Book Exhibition will cover 1,200 square meters, featuring significant exhibitions in collaboration with renowned publishers, including a David Hockney theme exhibition [6] Group 3: Activities and Engagement - The BIBF will host various activities such as "Illustration Night," author signing events, and workshops to engage audiences and promote cultural exchange [7] - The fair will also feature a pop-up Harry Potter exhibition, including a fully restored "Knight Bus" that will serve as a magical library [8] - The "World Writers Talk China" seminar will extend the BIBF's reach to universities, inviting renowned authors to foster cross-cultural understanding [8]

以"促进文明传承发展 推动交流互鉴共赢"为主题，第三十一届北京国际图书博览会将于6月18日至22日在北京国家会议中心举办，今年由马来西 亚担任主宾国。 发布现场 绘本展、插画展：满足多层次的精神文化需求 为吸引不同年龄、不同领域的阅读爱好者，营造全民参与的阅读氛围，本届书展持续优化BIBF绘本展、BIBF艺术书展、BIBF插画展、BIBF美食 书展、世界礼物市集五大特色展区，满足参展者多样化、多层次、多方面的精神文化需求。 BIBF绘本展面积达2000平方米，汇集故宫立体书：穿越紫禁城六百年、泡泡玛特"我们都是星星人"、姆明80周年、杜莱绘本作品、芬妮&特恩、 怪杰佐罗力、小白鱼、熊等八大国际著名IP。展览期间，将举办荷兰驻华大使探馆、法国艺术大师杜莱等作家的新书发布及签售等活动，为读者 带来丰富体验。 BIBF艺术书展展区总面积达1200平方米，以"透视之维"（The Art of Seeing）为主题，汇聚中外优秀艺术类出版物，让观众近距离观察书籍的视觉 语言与结构表达。本届艺术书展携手全球顶尖出版机构，策划呈现多场重磅展览，包括与泰晤士哈德逊出版社（T&H）联合打造的"大卫·霍克尼 主题展"、与普林斯顿 ...

Core Insights - The 31st Beijing International Book Fair (BIBF) will take place from June 18 to 22, featuring over 1,700 exhibitors from 80 countries and regions [1] - The fair emphasizes copyright trading and has introduced a new online publishing pavilion to showcase products from emerging publishing fields such as online literature and gaming [1] - The event will also highlight traditional cultural story IPs, promoting the integration of quality publishing products with film, animation, and gaming [1] Group 1: Special Exhibitions - The BIBF will feature a premium publication exhibition showcasing classic works and special topics, including a commemorative section for the 80th anniversary of the victory in the Anti-Japanese War [2] - Five special exhibition areas will be available for general readers, including the BIBF Picture Book Exhibition, BIBF Art Book Exhibition, BIBF Illustration Exhibition, BIBF Food Book Exhibition, and the World Gift Market [2] - The BIBF Art Book Exhibition will cover 1,200 square meters and focus on the theme "The Art of Seeing," featuring various artistic publications and hosting events with renowned artists [4] Group 2: International Participation - Malaysia is the guest country for this year's BIBF, showcasing a diverse range of literature reflecting its multicultural characteristics [10] - The exhibition will also include publications from other ASEAN countries such as the Philippines, Vietnam, and Cambodia, highlighting regional diversity [10] - The BIBF Illustration Exhibition will present award-winning works from the 2025 BIBF International Illustration Competition and host various related events [4]

Core Points - The 31st Beijing International Book Fair will be held from June 18 to 22, 2023, with the theme "Promoting the Inheritance and Development of Civilization, Promoting Mutual Learning and Win-Win Cooperation" [1] - Malaysia is the guest country for this year's book fair, showcasing its unique publishing culture and facilitating copyright exchanges and reading promotion activities [5][9] Exhibition Overview - The exhibition area has expanded to 60,000 square meters, attracting over 1,700 exhibitors from 80 countries and regions, featuring 220,000 high-quality books [3] - This year, nine new countries are participating, including Chile, Cyprus, and Belarus, with renowned publishers like Elsevier and Penguin Random House in attendance [5] Special Activities - The China Book Special Contribution Award will be presented on June 17, recognizing individuals who have made significant contributions to promoting Chinese culture abroad [6] - The 2025 Beijing International Publishing Forum will focus on "New Quality Productivity and Global Publishing Cooperation," inviting experts to explore sustainable paths for global publishing collaboration [8] Digital and Cultural Integration - The book fair emphasizes digital exhibition levels and the cultivation of new cultural business models, showcasing the application of big data, cloud computing, and artificial intelligence in publishing [9] - A new "Chinese Traditional Cultural Story IP Exhibition Area" will display traditional cultural stories, promoting the integration of quality publishing products with film, animation, and games [9] Specialized Exhibition Areas - The fair will feature a premium publication area and five themed exhibition areas, including a 2,000 square meter picture book exhibition and a 1,200 square meter art book exhibition [10][12] - The art book exhibition will host significant exhibitions in collaboration with top global publishing institutions, including a David Hockney themed exhibition [11] Author Engagement - The book fair will host various activities, including the Author Focus series, which aims to connect authors directly with readers [13] - Special exhibitions will highlight the works of Chinese authors, including a focus on the works of Mai Jia, presented in multiple languages [14]

Group 1 - The 2025 China Internet Civilization Conference was held in Hefei, Anhui, focusing on promoting a positive live-streaming ecosystem and recognizing quality live-streaming rooms [2] - The "Quality Anchor Cultivation Project" aims to cultivate and recognize 6,000 quality live-streaming rooms from 2024 to 2026, with a target of over 30,000 quality live-streaming rooms across platforms [2] - The third batch of recognized quality live-streaming rooms includes 57 flagship stores from well-known brands like Xiaomi, Haier, and Lin's Home, indicating strong consumer recognition of quality domestic brands [3] Group 2 - In the book sales sector, notable anchors on Douyin, such as @与辉同行 and @王小骞, have achieved significant sales, with the People's Literature Publishing House selling over 5.4 million books since starting live-streaming sales in 2021 [3] - The live-streaming format has revitalized book sales and knowledge dissemination, with specific titles like "The Right Bank of the Erguna River" seeing a tenfold increase in print volume due to live-stream promotions [3] - The inclusion of agricultural creators in the quality live-streaming list highlights the impact of live-streaming on rural development, with individuals like @沂蒙二姐 and @水果游侠 successfully promoting local agricultural products [5] Group 3 - Fashion brands like "古拙质造" and "CHU楚妞" have gained consumer favor through innovative operations and high-quality products, with some even showcasing their collections during Shenzhen Fashion Week [5] - The live-streaming e-commerce sector is evolving, with various industries leveraging this format to enhance consumer engagement and drive sales [5]

| 排名 | 板块名称 | 主力资金净流入（亿元） | 主力资金净流入率(%) | | --- | --- | --- | --- | | – | 航运港口 | 6.85 | 4.83 | | 2 | 银行 | 5.86 | 2.00 | | 3 | 交通运输 | 4.36 | 1.51 | | ব | 出版 | 0.95 | 1.54 | | 5 | 美容护理 | 0.81 | 0.81 | 主力资金监控：计算机板块净流出超92亿 智通财经6月10日电，智通财经星矿数据显示，今日主力资金净流入航运港口、银行、交通运输等板块，净流出计算机、电子、机械 设备等板块，其中计算机板块净流出超92亿元。个股方面，乐山电力涨停，主力资金净买入6.50亿元位居首位，汇洲智能、工商银 行、龙蟠科技主力资金净流入居前；海光信息遭净卖出超9亿元位居首位，东方财富、浪潮信息、中际旭创主力资金净流出额居前。 | 排名 | 股票名称 | 主力资金净流入(亿元) | 主力资金净流入率(%) | | --- | --- | --- | --- | | 1 | 乐山电力 | 6.50 | 31.42 | | 2 | 汇洲智能 | 4.61 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the media sector, including 吉比特 (G-bits), 恺英网络 (Kying Network), and 姚记科技 (Yaoji Technology) [8][19][31]. Core Insights - The media industry has shown a weekly increase of 2.59%, ranking 7th among various sectors, outperforming the Shanghai Composite Index and the CSI 300 Index [2][11]. - The AI sector continues to thrive, with significant growth in subscription revenues for products like ChatGPT, which reached an annualized revenue of $1.25 billion, reflecting a 20% month-over-month increase [3][23]. - 吉比特's new game, 《杖剑传说》, has entered the iOS bestseller list, ranking 11th, indicating strong market performance [4][31]. - The film industry saw a total box office of 460 million yuan during the Dragon Boat Festival, a year-on-year increase of 20.1%, with the top film, 《碟中谍 8：最终清算》, grossing 191 million yuan [39][41]. Summary by Sections Market Performance - The media sector's weekly performance from May 31 to June 7 shows a 2.59% increase, with the gaming sector leading at 4.12% [11][19]. - Key stocks such as ST 联合 and 湖北广电 saw significant gains, with increases of 21.36% and 20.41% respectively [19][20]. AI Sector - In May 2025, ChatGPT's annualized subscription revenue reached $1.25 billion, with a 14.38% year-over-year growth [23][24]. - Chinese AI applications like 百度网盘 and 夸克 ranked among the top ten globally in monthly active users, with 百度网盘 reaching 153.14 million users [25][28]. Gaming Sector - 吉比特's new game, 《杖剑传说》, has achieved notable success, ranking 11th on the iOS bestseller list as of June 5 [31][32]. - The gaming market continues to show robust performance, with major titles like 《王者荣耀》 and 《和平精英》 leading the sales charts [31][32]. Film Sector - The total box office for the Dragon Boat Festival reached 460 million yuan, with a significant contribution from the top film, which accounted for 41.5% of the total box office [39][41]. - Over 60 films have been scheduled for the upcoming summer season, indicating a strong pipeline for the film industry [39][41].

Investment Rating - The industry investment rating is "Overweight," indicating that the growth level of the industry is expected to be higher than that of the CSI 300 index over the next six months [26]. Core Insights - The report highlights that national fertility support policies are continuously being strengthened, benefiting the publishing and maternal and infant industry chains. Local maternity leave systems are progressively improving, with significant policy changes such as extending marriage leave from 5 days to 20 days and increasing maternity leave for different birth orders [15][16]. - The combination of "extended maternity leave + childcare subsidies + childcare support" is expected to enhance fertility expectations and stimulate demand in sectors with high stickiness and necessity, such as maternal and infant consumption and educational publishing [20]. Summary by Sections Market Performance Review - The social service sector index experienced a weekly increase of 2.09%, ranking 9th among 31 first-level industries in terms of weekly performance [4][6]. - The sub-industry performance showed significant gains, with the sports sector leading at 4.08%, followed by tourism and scenic spots at 3.22% [4]. Core Insights - The report emphasizes the positive impact of ongoing fertility support policies, with various regions implementing effective measures. For instance, the city of Tianmen has introduced substantial subsidies for families having second or third children, which has led to a notable increase in birth rates [16][18]. - The marginal improvement in birth rates is evident, with a reported increase in the number of births in 2024 compared to 2023, marking a significant turnaround in demographic trends [18]. Industry News Dynamics - The report discusses the broader implications of fertility policies on various sectors, including publishing, infant products, and family-oriented consumption. It notes that the improvement in population structure will gradually benefit the education sector, particularly in areas related to textbooks and children's literature [19]. - The report also highlights the growing trend of family-oriented consumption, with local governments promoting family-friendly tourism and activities, indicating a shift in consumer behavior towards valuing quality family time [19].

Trading Information Summary - On June 6, 2025, the main funds had a net inflow of 1.1461 million yuan, while speculative funds saw a net inflow of 6.1813 million yuan. Retail investors experienced a net outflow of 7.3274 million yuan [1][3]. Company Announcement Summary - Changjiang Publishing announced a cash dividend of 0.41 yuan per share, with a total cash dividend distribution of 497,596,611.93 yuan, scheduled for June 13, 2025 [1][3]. - The dividend distribution plan was approved at the annual shareholders' meeting on May 23, 2025, based on a total share capital of 1,213,650,273 shares [1]. - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in an actual cash dividend of 0.41 yuan per share [1]. - For QFII shareholders and investors from the Hong Kong Stock Exchange (via Shanghai-Hong Kong Stock Connect), a 10% tax will be deducted, leading to an actual cash dividend of 0.369 yuan per share [1].

Group 1 - The stock price of Reader Media (603999) closed at 6.25 yuan on June 6, 2025, representing a 1.96% increase from the previous week's price of 6.13 yuan [1] - The highest intraday price reached 6.29 yuan on June 6, while the lowest was 6.1 yuan on June 3 [1] - The current total market capitalization of Reader Media is 3.6 billion yuan, ranking 27th out of 29 in the publishing sector and 3786th out of 5148 in the A-share market [1] Group 2 - The company announced a cash dividend of 0.033 yuan per share, with the record date set for June 12, 2025 [2] - The total cash dividend distribution amounts to 19.008 million yuan, based on a total share capital of 576,000,000 shares [2] - Different tax treatments apply for various types of shareholders, with individual shareholders receiving 0.033 yuan per share after tax, while QFII shareholders receive 0.0297 yuan per share after tax deductions [2]