来源：环球网 【环球网科技综合报道】9月15日消息，据CNN报道，《滚石》杂志母公司彭斯克媒体集团（Penske Media Corporation）近日正式对谷歌提起诉讼，指控谷歌搜索结果顶部的AI摘要功能（AI Overviews） 不仅减少用户对媒体原文的点击量、侵蚀网站流量，还涉嫌非法利用记者创作成果。此举使该集团成为 美国首家就谷歌AI摘要功能提起诉讼的大型媒体机构。 | | 三 CBM Business Markets Tech Media Calculators Videos | | | | @ Watch . Listen . Live TV Q Sign In | | --- | --- | --- | --- | --- | --- | | Markets + | | | Fear & Greed Index * | | Listest Market News * | | DOW | 45,834.22 | 0.5/7% = | | | Tor News" Brian Klimpade says comment about killing mentally ill homeless peo ...

Core Insights - The event "Book Fragrance Connecting Hearts: Youth Together for the Future" held on World Book Day 2025 showcased cultural exchange between Chinese and Vietnamese youth through poetry recitation and traditional crafts [1] - Guangxi Publishing Media Group is leveraging its geographical advantage to enhance international communication and promote Chinese and Guangxi stories globally through various methods including copyright export and cultural exchange [1][2] Group 1: Cultural Exchange Initiatives - Guangxi Publishing has deeply integrated into national strategies, promoting cultural exchange between China and ASEAN countries through a multi-layered publishing cooperation mechanism [2] - The "China-ASEAN Literature Translation Project" led by Li River Publishing House has made significant progress, with the first volume of the "China-Myanmar Contemporary Literature Translation Project" included in national key publishing plans [2] - Guangxi Education Publishing House has developed language dictionaries and learning books for Southeast Asian countries, with some titles being used as official teaching materials in Malaysian universities [2] Group 2: Platform Development and Collaboration - The establishment of the China-ASEAN Cultural Industry Research Institute and copyright trade service platforms aims to enhance cultural exchange from project cooperation to deep collaboration [2] - A copyright trade platform has attracted 147 domestic and international publishing institutions, offering over 3,000 titles in various languages, facilitating cultural interaction between China and ASEAN countries [2] - The China-ASEAN Book Culture Week has been held for two consecutive years, utilizing a cross-national model to create immersive cultural experiences and promote regional cultural exchange [2][3] Group 3: Future Outlook - Guangxi Publishing aims to continue its role as a cultural hub and content nexus, fostering understanding and friendship through shared reading experiences [3] - The ongoing efforts in publishing and cultural exchange are seen as planting seeds of understanding that will grow into a dense cultural forest between China and ASEAN [3]

Group 1 - The "Silk Road Book Fragrance: Four Seas Share Blessings" book tour exhibition opened in Kuching, Malaysia, aiming to promote copyright cooperation between local publishers and Fujian publishing units [1][4] - The theme of the exhibition is "Paper Silk Road: Book Fragrance Co-integration," which emphasizes the role of books in fostering mutual understanding and continuing traditional friendships [2] - The event includes a complementary exhibition of calligraphy and traditional Chinese painting by artists from China and Malaysia, enhancing cultural exchange [2] Group 2 - The event is co-hosted by the Straits Publishing and Distribution Group and the Kuching Chinese Cultural and Arts Promotion Association, with attendance from various dignitaries including local government officials and the Chinese Consulate General [4] - The Straits Publishing and Distribution Group donated Chinese books to 10 Chinese schools in Kuching to support local Chinese education [2]

Core Points - The company is revising its Articles of Association and related regulations, including the abolition of the supervisory board [1] - The revisions have been approved by the company's sixth board meeting and the fourth supervisory board meeting, pending approval from the shareholders' meeting [1] Summary by Sections - **Company Overview** - Zhongnan Publishing and Media Group Co., Ltd. is making amendments to its Articles of Association to align with current regulations and its operational needs [1] - **Regulatory Compliance** - The amendments are in accordance with the Company Law of the People's Republic of China, the Securities Law, and various guidelines from the China Securities Regulatory Commission and the Shanghai Stock Exchange [1] - **Specific Changes** - The company plans to remove the supervisory board and revise the rules for shareholder and board meetings, while abolishing the supervisory meeting rules [1]

Investment Rating - The report maintains an "Accumulate" rating for the company [2][5] Core Views - The company's performance has been under pressure, primarily due to changes in the subscription model for educational materials, leading to a significant decline in revenue [4] - The company is actively transforming its main business and promoting its educational segment, with a focus on innovative sales models and deepening IP resource utilization [4] - The company has launched various initiatives in the education sector, including VR projects and AI-integrated reading platforms, which have shown promising user engagement [4] Summary by Relevant Sections Financial Performance - In H1 2025, the company reported revenue of 1.106 billion yuan, a decrease of 21.4% year-on-year, with a net profit of 40 million yuan [4] - The forecast for 2025-2027 indicates revenues of 1.786 billion yuan, 1.662 billion yuan, and 1.687 billion yuan, reflecting a year-on-year growth rate of -26.59%, -6.93%, and +1.52% respectively [4][7] - The projected net profit for the same period is 87 million yuan, 98 million yuan, and 115 million yuan, with growth rates of +3.00%, +12.01%, and +17.15% respectively [4][7] Business Segments - The publishing segment generated 420 million yuan in revenue in H1 2025, focusing on popular IP products and collaborations with notable brands [4] - The educational segment is advancing with innovative sales strategies, including online live broadcasts and community marketing, to enhance customer engagement [4] Cost and Expenses - The company's expense ratios for sales, management, and R&D have slightly increased due to the significant drop in revenue, with sales expenses at 10.8% and management expenses at 7.7% in H1 2025 [4]

Core Points - The company has revised its Articles of Association for 2025, providing a solid institutional guarantee for stable development [1] - The company was listed on the Shanghai Stock Exchange in October 2010 with a registered capital of RMB 1.796 billion [1] - The core mission of the company is to inherit culture and disseminate ideas, with its main business focused on investment and operation in the media industry [1] Shareholder and Share Issuance Rules - The company adheres to principles of openness, fairness, and justice in share issuance, with a total of 1.796 billion shares issued, all of which are ordinary shares [2] - The founding shareholders include Hunan Publishing Investment Holding Group Co., Ltd. and Hunan Shengli Investment Co., Ltd., which subscribed to 1.14 billion shares and 60 million shares, respectively [2] - There are strict limitations on share repurchase, and shares issued prior to public offering cannot be transferred within one year of listing [2] Shareholder Meeting System - The company maintains a shareholder register based on certificates provided by the securities registration and settlement institution, with rights and obligations assigned according to shareholding categories [3] - The annual shareholder meeting is held once a year within six months after the end of the previous fiscal year, while temporary meetings must be convened within two months under specific circumstances [3] - Proposals for shareholder meetings must meet certain criteria, and notifications must include detailed information about the meeting [3] Board of Directors Responsibilities - The board consists of 11 directors, including 4 independent directors and 1 employee representative, and is accountable to the shareholder meeting [4] - The board has various powers, including convening shareholder meetings and executing resolutions, with the chairman overseeing these meetings [4] - Independent directors are required to maintain their independence and provide independent opinions on significant matters [4] Financial and Audit Regulations - The company has established a financial accounting system in accordance with legal requirements, ensuring timely submission and disclosure of annual and interim reports [5] - When distributing annual after-tax profits, the company must allocate a statutory reserve and may also allocate discretionary reserves upon shareholder meeting approval [5] - An internal audit system is in place to supervise business activities, with the internal audit department reporting to the board [5] Merger and Division Procedures - The company can merge through absorption or new establishment, and asset division must follow prescribed procedures [6] - In the event of dissolution, a liquidation group composed of directors will manage the liquidation process, including asset clearing and creditor notifications [6] - The revised Articles of Association further clarify the company's rules and systems, enhancing governance and protecting shareholder rights [6]

Core Viewpoint - The decline in the number of school-age children and the implementation of strict educational materials policies are significantly impacting the revenue of Xinhua Bookstore, which relies heavily on the distribution of educational materials [1][2][5]. Group 1: Financial Performance - In 2024, Xinhua Bookstore reported a revenue of 137.165 billion yuan and a net profit of 10.741 billion yuan, marking the first occurrence of a "double decline" in recent years, with the revenue drop being the largest [2][11]. - Various publishing companies in the educational materials sector have also reported significant revenue declines, with Dragon Media's revenue down 24% and City Media's down 21.4% [4][7]. Group 2: Market Trends - The educational materials market is facing challenges due to a decrease in school-age population and new policies that restrict the distribution of supplementary materials, leading to a shift in sales channels from traditional methods to online platforms [5][16]. - The retail market for educational materials is expanding, with a reported 18.73% year-on-year growth in retail sales of educational materials in 2024 [16]. Group 3: Strategic Shifts - Xinhua Bookstore is increasingly turning to online sales and live streaming to adapt to changing market conditions, with some bookstores even selling non-book items to diversify revenue streams [17][19]. - The shift to online platforms has shown mixed results, with some bookstores achieving significant sales while others lag behind, indicating a disparity in adaptation to the new retail environment [20][21].

世纪天鸿公告，控股股东志鸿教育将其所持有的公司2120万股质押，占其所持股份比例12.40%，占公 司总股本比例5.79%，质押用途为融资。质押起始日为2025年9月9日和2025年9月10日，质权人为国金 证券股份有限公司和中信建投证券股份有限公司。同时，志鸿教育还解除质押1520万公司股份，占其所 持股份比例8.89%，占公司总股本比例4.15%，起始日期为2025年2月17日，解除日期为2025年9月11 日，质权人为国金证券股份有限公司。 ...

Core Viewpoint - The publishing sector experienced a decline of 0.97% on September 12, with Chinese Online leading the drop, while the Shanghai Composite Index rose by 0.22% and the Shenzhen Component Index increased by 0.13% [1][2]. Group 1: Market Performance - The publishing sector's main stocks showed mixed performance, with notable declines in Chinese Online, which fell by 3.87% to a closing price of 27.81 [2]. - Key stocks in the sector included: - Yue Media: Closed at 10.11, up 6.09% - Longyuan Media: Closed at 15.50, up 4.03% - China Science Publishing: Closed at 21.57, up 0.94% [1]. Group 2: Trading Volume and Capital Flow - The total trading volume for the publishing sector was significant, with Chinese Online alone accounting for a trading volume of 726,900 shares and a transaction value of 2.019 billion [2]. - The sector saw a net outflow of 386 million from institutional investors, while retail investors contributed a net inflow of 346 million [2][3]. Group 3: Individual Stock Capital Flow - Notable capital flows for individual stocks included: - Zhongnan Media: Net inflow of 23.14 million from institutional investors, but a net outflow of 25.34 million from retail investors [3]. - Longyuan Media: Net inflow of 17.46 million from institutional investors, with a net outflow of 10.82 million from retail investors [3]. - The overall trend indicated a shift in capital dynamics, with retail investors showing resilience despite institutional outflows [3].

新经典（603096）(603096.SH)发布公告，公司控股股东的一致行动人、实际控制人之一陈李平因个人 资金需求，计划通过集中竞价和/或大宗交易方式减持不超过120万股的公司股份，减持时间为公告披露 之日起15个交易日后的3个月内(2025年10月14日—2026年1月13日)。 ...