中新网上海11月14日电 (记者 王笈)第十二届中国上海国际童书展(以下简称"上海童书展")14日在上海世 博展览馆开幕。2万余种中外最新童书汇聚于此，共筑一场充满活力的文化盛宴。 作为亚太地区专注于0岁至16岁童书出版及儿童内容产业的展览盛会，本届上海童书展吸引了来自法 国、意大利、英国、美国、日本、韩国、西班牙等35个国家和地区的474家展商参与其中，同期将举办 322场专业活动与阅读推广活动。 各地出版机构携缤纷作品亮相展会。少年儿童出版社带来《世界五千年》(新世纪版)、《万里漂流 瓶》、"一起来逛动物园"系列等；上海译文出版社推出"陈伯吹新儿童文学桂冠书系"、全新升级版"小 侦探阿加莎"系列等；中国轻工业出版社携旗下艺术品牌"插画+"、少儿品牌"小轻工"、生活品牌"漫生 活"等亮相…… "童书+： 漫画之旅·一格启程"特展。 主办方供图 本届上海童书展还推出"童书+：漫画之旅·一格启程"特展，邀请观众发现漫画在儿童教育与成长中的独 特价值。其中，国际展区展示漫画如何以图像、声音与故事帮助学龄前孩子认识世界、学习语言、探索 知识，在阅读中激发观察力、想象力与表达力；中国原创展区呈现中国漫画从早期到当代的 ...

Core Viewpoint - The company, CITIC Publishing (300788.SZ), has stated that it currently has no direct collaboration with the product related to "Zootopia 2" [1] Group 1: Collaboration and IP Strategy - The company is continuously expanding its partnerships with leading anime, gaming, and film IPs [1] - It has successfully acquired derivative rights for several major gaming and film IPs, including "Black Myth: Wukong," "Nezha: Birth of the Demon Child," "Chinese Folktales," "Chang'an 30,000 Li," and "Detective Chinatown" [1] - The company has established a mature "film-game-book" linkage mechanism to enhance its IP coverage, exploration, planning, and operation system [1]

Core Viewpoint - The company, CITIC Publishing (300788.SZ), has stated that it currently has no direct collaboration with the product related to "Zootopia 2" [1] Group 1: IP Collaboration - The company is continuously expanding its partnerships with leading anime, gaming, and film IPs [1] - It has successfully acquired derivative rights for several major game and film IPs, including "Black Myth: Wukong," "Nezha: Birth of the Demon Child," "Chinese Folktales," "Chang'an 30,000 Li," and "Detective Chinatown" [1] - The company has established a mature "film-game-book" linkage mechanism to enhance its IP coverage, exploration, planning, and operation system [1]

Core Insights - The "2025 Douyin Mall Double 11 Good Goods Festival" report indicates that the all-domain interest e-commerce model has significantly boosted the growth of the physical economy, with 67,000 brands and over 100,000 merchants experiencing a doubling of sales year-on-year during the event [1][3] Group 1: E-commerce Growth - The report highlights that the algorithm-driven visibility of quality content has led to a remarkable performance in knowledge-based live streaming, contributing to cultural consumption as a new growth area for this year's Double 11 [1] - The sales of books through Douyin's e-commerce platform saw a year-on-year increase of 71% during Double 11, with categories such as sports, industrial/agricultural technology, lifestyle, medical health, and comics experiencing the highest daily sales growth [1] Group 2: Publisher Engagement - Traditional publishers are increasingly adopting the all-domain interest e-commerce model, utilizing live streaming to drive new sales growth, with notable participation from publishers like CITIC Publishing and the Palace Museum [3] - The Palace Museum's official flagship store celebrated its 100th anniversary with a live streaming event, achieving a tenfold increase in sales on the day of the event, selling over 170,000 copies of the 2026 Palace Museum calendar during the Double 11 period [4] Group 3: Innovative Content Delivery - Authors and knowledge influencers are gaining popularity through innovative live streaming formats, with notable events such as children's author Shen Shixi's birthday live stream attracting nearly 7.7 million viewers and selling over 12,000 copies of his new book [5] - Douyin's e-commerce platform is leveraging algorithmic recommendations to enhance the visibility of quality content, driving cultural consumption growth through initiatives like the "National Good Book Plan" [5] Group 4: Cost Reduction and Support for Merchants - The platform has implemented various support policies to reduce costs for merchants, saving over 3.3 billion yuan in October alone through measures like commission-free product cards and reduced shipping insurance [5] - Douyin is also enhancing intellectual property protection and actively combating piracy to ensure the stable development of the publishing industry [5]

Summary of Key Points Core Viewpoint - The company held a Q3 2025 earnings presentation to address investor concerns and discuss its strategies in response to industry challenges and opportunities. Group 1: Company Response to Industry Challenges - The company is implementing a "special action" to enhance educational service capabilities and is exploring new market opportunities while establishing a dynamic market tracking mechanism to adjust strategies based on demand changes [1][3]. - The company is focusing on three key actions: improving thematic publishing quality, enhancing educational service capabilities, and accelerating digital transformation [1][3]. Group 2: Financial Performance and Market Perception - The company's current market value is below its net asset value (PB < 1), with analysts projecting an EPS of 0.87 for 2025, up from the current 0.71 [1]. - The management is committed to improving operational performance and enhancing investor communication to help the market better understand the company's value [1][3]. Group 3: Cash Flow and Profitability - The company reported a significant increase in operating cash flow, up 491.07% year-on-year to 0.31 yuan per share, primarily due to changes in corporate income tax policies [2][3]. - The gross profit margin slightly increased to 35.59%, while net profit margin rose by 28.33% [2][3]. Group 4: Shareholder Returns and Capital Management - The company has maintained a consistent cash dividend policy, distributing nearly 2 billion yuan in cash dividends over the past five years, with a recent increase in the dividend per share from 2.00 yuan to 4.10 yuan [2][3]. - The management is considering share buybacks and will evaluate market conditions, stock price trends, and financial health before making decisions [2][3]. Group 5: Risk Management and Governance - The company is actively managing its accounts receivable, which stands at 217.12% of profits, and is ensuring compliance with accounting standards regarding bad debt provisions [2][3]. - Independent directors are involved in overseeing management decisions to ensure long-term shareholder interests are protected [2][3].

Core Viewpoint - The company held a Q3 2025 earnings presentation on November 13, 2025, to address investor concerns and discuss its performance and strategies in response to industry challenges [1][5]. Group 1: Company Performance and Financials - The company reported a slight increase in gross margin to 35.59%, while net profit attributable to shareholders grew by 10.59% despite an 8.03% decline in revenue year-on-year [3][4]. - Operating cash flow per share surged by 491.07% year-on-year to 0.31 yuan, primarily due to changes in corporate income tax policies [3][4]. - The company has maintained a stable cash dividend policy, distributing nearly 2 billion yuan in cash dividends over the past five years, with a payout ratio around 50% of net profit [3][4]. Group 2: Strategic Responses to Industry Challenges - The company is implementing three key initiatives: enhancing educational service capabilities, improving the quality of thematic publishing, and accelerating digital transformation [2][4]. - To mitigate policy risks from the publishing industry, the company is focusing on market tracking and adjusting its operational strategies based on market demand [2][4]. - The management is committed to optimizing investor communication to enhance market understanding of the company's value and strategic initiatives [2][4]. Group 3: Investor Engagement and Governance - The company emphasizes the importance of ESG (Environmental, Social, and Governance) practices and plans to enhance its reporting and stakeholder engagement [2][3]. - Independent directors are actively involved in overseeing management decisions to ensure long-term shareholder interests are protected [3][4]. - The company is exploring innovative investment opportunities and cultural projects to drive growth and diversify its business [4].

Core Viewpoint - The company, China Science Publishing & Media Co., Ltd., is set to hold a Q3 2025 earnings presentation on November 20, 2025, to discuss its operational results and financial status for the first three quarters of 2025 [2][3]. Group 1: Meeting Details - The earnings presentation will take place on November 20, 2025, from 10:00 to 11:00 AM [5]. - The location for the meeting is the Shanghai Stock Exchange Roadshow Center, accessible online [4][5]. - The format of the meeting will be an interactive online session, allowing for real-time communication with investors [3][4]. Group 2: Participation Information - Investors can submit questions for the presentation from November 17 to November 19, 2025, by visiting the Shanghai Stock Exchange Roadshow Center website or via the company's email [6]. - The company will address commonly asked questions during the presentation [2][6]. - Contact information for inquiries includes a designated contact person and an email address for investor communication [6].

1926年在上海创办的开明书店，由章锡琛兄弟起步，后得夏丏尊、叶圣陶等五四基层知识分子加盟，从"兄弟书店"跃升为民国五大出版机构之一。 智通财经获悉，将于11月24日亮相2025年中国嘉德秋拍的《四相集》专场中，出现了一批首次面世的"开明书店"旧物，全部得自开明书店编译所核心成员 徐调孚先生的后人，汇聚丰子恺、弘一、郭沫若、叶圣陶、朱自清等数十位文化名家书画信札，既记录书店同仁合作编书、共赴国难的日常，也留下夏丏 尊夫妇"羊毛婚"诗会等温馨片段，字里行间透出开明人重人情、尚风骨的精神气质，成为窥见近现代出版史与文人交游的独特窗口。 这批文献与书画，如同一轴缓缓展开的文人交往史卷，聚焦于开明书店及其周围知识群体的精神交融与时代印记。以笔墨为纽带，串联起战火离乱中这群 文人的相知相勉。他们以开明书店为阵地，在编辑、出版、艺术与书信往来间，既见证了个体命运的沉浮，亦映射了中国近现代知识分子在沧桑巨变中的 精神坚守与人情温度。 1935年开明书店部分编辑、股东和作者合影。前排左一章锡琛，二排左四开始依次为巴金、王统照、顾均正。三排左五开始依次为舒新城、夏丏尊、林语 堂。四排左一开始依次为叶圣陶、徐调孚、钱君匋、胡愈之 ...

Core Insights - The publishing sector experienced a slight decline of 0.0% on November 13, with Rongxin Culture leading the drop [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Market Performance - The following stocks in the publishing sector showed notable performance: - ST Huawen (000793) closed at 3.03, up 3.41% with a trading volume of 463,600 shares and a turnover of 138 million yuan [1] - Tianzhou Culture (300148) closed at 4.83, up 1.26% with a trading volume of 325,100 shares and a turnover of 156 million yuan [1] - Zhongwen Online (300364) closed at 26.62, up 0.91% with a trading volume of 256,000 shares and a turnover of 677 million yuan [1] - Rongxin Culture (301231) closed at 32.64, down 3.52% with a trading volume of 76,400 shares and a turnover of 253 million yuan [2] Capital Flow - The publishing sector saw a net outflow of 104 million yuan from institutional investors, while retail investors contributed a net inflow of 64.42 million yuan [2] - The following stocks had significant capital flow: - ST Huawen (000793) had a net inflow of 24.8 million yuan from institutional investors [3] - Tianzhou Culture (300148) experienced a net inflow of 489,820 yuan from institutional investors [3] - Phoenix Media (601928) had a net inflow of 497,730 yuan from institutional investors [3]

Meeting Overview - The company will hold its first extraordinary general meeting of shareholders in 2025 on December 2, 2025, at 14:30 [2][3] - The meeting will be convened by the board of directors and complies with relevant laws and regulations [2] Voting Details - Shareholders can participate in the meeting through both on-site voting and online voting [4] - The online voting will be available on December 2, 2025, from 9:15 to 15:00 [3][25] - The record date for shareholders eligible to attend the meeting is November 27, 2025 [6] Attendance - All common shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the record date are entitled to attend [6] - The meeting will also include company directors, supervisors, senior management, and appointed legal representatives [7][8] Agenda Items - The meeting will review proposals that have been approved by the board of directors and the supervisory board [11] - Proposals 3-5 require a two-thirds majority vote from attending shareholders [11] - Independent director candidates have been verified and approved by the Shenzhen Stock Exchange [11] Registration Information - Registration for the meeting will take place on November 28, 2025, from 9:00 to 17:00 [12] - Shareholders must provide necessary documentation for registration, including identification and proof of shareholding [14] Contact Information - For inquiries, shareholders can contact Zhang Haidong at 010-84156171 or via email at IR@citicpub.com [15]