Core Points - The company held its sixth board meeting on May 28, 2025, via communication methods, with all nine directors participating in the voting process [1][2] - The board approved several key appointments, including the General Manager, Chief Editor, Deputy General Manager, Board Secretary, and Chief Financial Officer, with unanimous support from all directors [1][2] Group 1 - The board meeting was conducted in accordance with the Company Law and the company's articles of association [1] - The appointment of the General Manager received 9 votes in favor, with no opposition or abstentions [1] - The appointment of the Chief Editor also received unanimous approval with 9 votes in favor [2] Group 2 - The Deputy General Manager's appointment was approved with 9 votes in favor, reflecting full support from the board [2] - The Board Secretary's appointment was similarly approved with unanimous support [2] - The Chief Financial Officer's appointment was also passed with 9 votes in favor, indicating strong consensus among the board members [2]

Core Viewpoint - Zhejiang Publishing Media Co., Ltd. is utilizing idle self-owned funds for cash management, with a recent redemption of cash management products and plans for further investments to enhance financial efficiency and returns for the company and its shareholders [1][2]. Cash Management Redemption Situation - The company redeemed cash management products amounting to RMB 500 million, yielding a return of RMB 16.6627 million [1][2]. - The cash management amount for ongoing investments is RMB 1 billion, with a management period of 180 to 202 days [1][3]. Cash Management Purpose and Amount - The purpose of cash management is to improve fund utilization efficiency while ensuring normal business operations, thereby generating investment returns and enhancing performance for the company and its subsidiaries [2][3]. - The total amount for cash management is RMB 1 billion [3]. Cash Management Fund Sources - The funds used for cash management are derived from the company's and its subsidiaries' idle self-owned funds [3]. Cash Management Product Details - The expected annualized return for the cash management products ranges from 2.5% to 3.5% [5]. - The management products include various types, such as fixed income and non-principal guaranteed floating income products, with specific details on expected returns and durations [5][6]. Financial Impact - As of December 31, 2024, the company's cash and cash equivalents amounted to RMB 603.79 million, with the cash management amount representing 8.38% of the total cash [6]. - The recent financial data indicates total assets of RMB 2,176.38 million and net assets of RMB 1,369.63 million [5]. Decision-Making Process - The board approved the use of idle self-owned funds for cash management, with an authorized limit of up to RMB 5.7 billion for 2025, valid for 12 months from the approval date [1][6].

Core Viewpoint - The company has appointed a new senior management team, renewing the terms of several key executives for a three-year period, indicating a commitment to continuity and stability in leadership [1]. Management Appointments - Zhou Yixiang has been reappointed as General Manager, Xie Qingfeng as Chief Editor, and several others as Vice General Managers, Board Secretary, and Chief Financial Officer [1]. - The new management team includes experienced professionals with extensive backgrounds in publishing and management, reflecting a strategic choice to leverage their expertise [2][3][4][5][6][7][8][9][10]. Individual Profiles - Zhou Yixiang, born in January 1971, has a Master's degree in Business Administration and has held various positions in the publishing industry since 1990, including roles at Hunan Xinhua Bookstore and Hunan Publishing Investment Holding Group [1]. - Xie Qingfeng, also born in January 1971, holds a Doctorate in Management and has served in multiple leadership roles at Hunan Children's Publishing House and Hunan People's Publishing House [2]. - Liang Wei, born in January 1980, has a Master's degree in Industrial Economics and has worked in various capacities within the company since 2011 [3]. - Yi Yanzhe, born in November 1969, has extensive experience in marketing and management, having worked at Yue Lu Publishing House for over 30 years [4]. - Yang Junjie, born in September 1969, has a Master's degree in Modern Chinese History and has held various positions in the Hunan Provincial Press and Publication Bureau [5]. - Liu Junliang, born in January 1972, has a Master's degree in Business Administration and has been involved in the publishing sector since 1990 [6]. - Zhong Wuyong, born in August 1976, has a Master's degree in Business Administration and has worked in human resources within the publishing industry [7]. - Wang Qingxue, born in October 1971, is a certified accountant with a Master's degree in Business Administration and has held various financial roles in the publishing sector [8]. - Ma Rui, born in October 1974, is a senior accountant with a Master's degree in Business Administration and has been involved in financial management since 1996 [9][10].

Core Insights - The event themed "Global Linkage, Industry Interaction" gathered creators from China, France, and the USA to discuss trends in science fiction literature and industry [1] - Chengdu's Baiguangfen Culture has established itself as a unique player in the science fiction industry, focusing on a multi-dimensional universe that spans publishing, film, animation, and cultural tourism [1][3] - The company aims to be a core driver of China's science fiction industry, aspiring to elevate more science fiction writers to larger platforms [1][3] Publishing and Platforms - The "Galaxy Edge" series serves as a science fiction publishing platform, launched in 2018, which has supported numerous emerging authors, including the 2023 Hugo Award winner, Hai Yu [3] - This platform operates under a dual-editor model between China and the USA, facilitating the flow and sharing of quality science fiction author resources [3] Industry Development - Chengdu is recognized as a "science fiction hub," home to notable works and prestigious awards, including the "Tianwen" Award and the Hugo Award [3][4] - The local industry has seen increased cross-industry collaboration opportunities, expanding beyond publishing into new "science fiction+" scenarios, including the production of science fiction stage plays in 2024 [4]

Core Viewpoint - The publishing industry, particularly university presses, is experiencing a "Pareto Principle" effect where 20% of leading publishers are thriving while 80% of smaller publishers are increasingly marginalized and struggling to survive [1] Group 1: Challenges Faced by University Presses - University presses are trapped in a cycle of "involution," exacerbated by outdated regulations that still influence academic evaluations despite being officially abolished in 2019 [2][3] - Many universities continue to require publications from "top publishers" for academic promotions, leading to a preference for these publishers despite their outdated status [3][4] - The pressure to publish with recognized publishers limits the opportunities for smaller presses, which struggle to secure quality titles and maintain financial viability [4][10] Group 2: The Shift in Academic Publishing - The importance of publishing as a form of academic achievement is declining, with alternatives such as research projects and patents becoming more prevalent [6][7] - The effort required to publish a book is significantly greater than that for a paper, leading many academics to favor publishing articles due to better cost-effectiveness [6][7][8] Group 3: The Success of Major Publishers - The concentration of resources among the top 20% of publishers creates a positive feedback loop, allowing them to attract better authors and projects [10][12] - Major publishers benefit from established reputations and financial stability, enabling them to invest in quality projects and retain talented editors [12][13] - The digital transformation of educational materials favors larger publishers, who are better positioned to create integrated digital platforms [12]

Core Insights - The strategic partnership among Nanmo Box, Tencent Cloud Computing, and Shenzhen Press Group marks the beginning of a new era in education publishing empowered by AI technology [1][3] - The collaboration aims to transform traditional publishing into "smart publishing" through AI-assisted systems and personalized learning experiences [3][5] Group 1: Partnership and Projects - The signed projects include an AI-assisted textbook writing system, a virtual teacher resource library, and an education publishing big data platform [3] - The partnership is expected to generate over 40 million in revenue for Nanmo Box by 2025, highlighting the significant commercial potential of the collaboration [3] Group 2: Technological Integration - Nanmo Box's CEO emphasized the integration of AI analysis, user behavior data, and market insights to optimize the entire publishing process [5] - The company aims to support Shenzhen Press Group in transitioning from traditional publishing to AI-integrated publishing [5] Group 3: Future Developments - Nanmo Box plans to deepen its technological research and increase investment in AI education publishing [6] - The company will continue to innovate and collaborate with partners to explore new paradigms in AI-driven education publishing [6]

Core Viewpoint - The publishing industry is exploring deep integration with artificial intelligence to enhance its value and adapt to the digital age, as discussed at the 2025 Cultural Power Construction Summit Forum in Shenzhen [1]. Group 1: Integrated Development Mechanism - The integration of publishing is a common topic, but the mechanisms to promote this integration remain challenging [2]. - Experts emphasize the need for traditional publishing to embrace digital innovations and collaborate with leading tech companies [2]. - Successful integration requires a focus on market demands, resource consolidation, and leveraging existing strengths [3][4]. Group 2: Innovative Project Development - There is a growing demand for diverse and scenario-based publishing content, necessitating innovative approaches to create impactful integrated publishing projects [5]. - Publishers should transition from traditional content providers to knowledge service organizations driven by new technologies [6]. - The focus should be on high-quality content and the integration of technology to enhance educational publishing [7]. Group 3: Talent Development - The lack of talent who understand both publishing rules and digital technologies is a significant bottleneck for the industry [9]. - Practical experience is essential for developing talent capable of navigating the challenges of integrated publishing [10]. - The industry needs to cultivate a new generation of professionals who can effectively utilize AI and technology in publishing [11][12].

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： ● 每股分配比例 3.分配方案： 本次利润分配以方案实施前的公司总股本1,233,841,000股为基数，向全体股东每股派发现金红利0.41元 （含税），共计派发现金红利505,874,810元（含税）。 三、相关日期 ■ 四、分配实施办法 A股每股现金红利0.41元（含税）。 本次利润分配方案经公司2025年5月20日的2024年度股东周年大会审议通过。 二、分配方案 1.发放年度：2024年年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 个人、证券投资基金在股权登记日后转让股票时，中国结算上海分公司根据其持股期限计算实际应纳税 额，由证券公司等股份托管机构从个人、证券投资基金的资金账户中扣收并划付至中国结算上海分公 司，中国结算上海分公司于次月5个工作日内划付公司，公司在收到税款当月的法定申报期内向主管税 务机关申报缴纳。具体实际税负为：持股限 ...

Core Insights - The event themed "Global Linkage, Industry Interaction" focused on the trends in science fiction literature and industry, gathering creators from China, France, and the United States in Chengdu [4][11] - The collaboration between Hachette Livre and local Chengdu enterprises reflects the rapid development of the Chengdu science fiction industry [12] Group 1: Event Overview - The international salon brought together creative individuals from different continents, highlighting the shared imagination and creativity across cultures despite language and cultural differences [6][11] - The event was organized by the Daily Economic News and supported by various local organizations, showcasing Chengdu as a vibrant hub for science fiction [4][11] Group 2: Industry Development - Chengdu is recognized as a significant center for science fiction in China, home to notable works like "The Three-Body Problem" and "The Wandering Earth," as well as prestigious awards in the genre [11] - The city has established a comprehensive development plan for its science fiction industry, focusing on literature, film, gaming, and related sectors, aiming to transform imagination into productivity [11][12] Group 3: International Collaboration - Brigitte Leblanc, a prominent figure in the French publishing industry, emphasized the importance of international cooperation and the need for cross-border exchanges to enhance the science fiction landscape [12][15] - The event facilitated discussions on various projects, including potential collaborations in animation and gaming, indicating a growing interest in Chinese science fiction IPs [12][15]

Core Insights - The forum emphasized the importance of integrating technology, platforms, and ecosystems to drive the sustainable development of the publishing industry [2][3] - Industry leaders highlighted the need for a user-centered approach and breaking down barriers to create a symbiotic mechanism for publishing integration [2][3] Group 1: Integration and Innovation - Publishing integration requires a technology-driven approach and the formation of an independent innovation chain to build a sustainable publishing ecosystem [2] - The core idea behind integration is to identify applicable technologies and construct a digital foundation and innovation system tailored to the industry [2][3] - The integration of publishing is seen as a systematic reconstruction of the industry chain, management chain, and talent chain, focusing on the holistic layout of content, technology, scenarios, and applications [3] Group 2: Strategic Focus - The integration strategy should be grounded in actual conditions, leveraging policy opportunities and focusing on resource integration and practical applications for sustainable development [2][3] - A user-centered approach, driven by scenarios and supported by ecosystems, is essential for breaking the traditional single-form publishing model and achieving a cyclical industry growth [2][3] - Mechanism innovation is crucial for reconstructing the traditional publishing ecosystem and creating a new operational system for the digital age, emphasizing the importance of content and resource advantages [3]