Group 1 - The company New Classics (SH 603096) announced that its fourth board meeting for the year 2025 was held on October 28, 2025, to review the Q3 report and other documents [1] - For the first half of 2025, New Classics reported that 99.1% of its revenue came from news and publishing, while other businesses contributed 0.9% [1] - As of the report, New Classics has a market capitalization of 2.8 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation [1] - The current market trend is described as a "slow bull" pattern, indicating a new market structure [1]

每经AI快讯，新经典（SH 603096，收盘价：18.23元）10月22日晚间发布公告称，陈李平先生持有新经 典文化股份有限公司股份588万股，占公司总股本的3.81%。截至本公告披露日，陈李平先生累计质押 股份数量为190万股，占其个人持股数量的32.31%，占公司总股本的1.23%。公司控股股东、实际控制 人陈明俊先生与陈李平先生为一致行动人，两人合计持有公司股份总数为9346.6万股，占公司总股本的 60.6%。 每经头条（nbdtoutiao）——展望"十五五"|专访贺铿：必须改变以往将资金过度集中于房屋建设和基础 设施建设的倾向，更加突出民生领域投入 （记者 曾健辉） 截至发稿，新经典市值为28亿元。 2025年1至6月份，新经典的营业收入构成为：新闻与出版占比99.1%，其他业务占比0.9%。 ...

Core Viewpoint - New Classics (603096) reported significant declines in revenue and profit for the first half of 2025, indicating a challenging operating environment in the book retail market [2][8]. Financial Overview - Total revenue for the first half of 2025 was 315 million yuan, a year-on-year decrease of 30.54% - Net profit attributable to shareholders was 46.88 million yuan, down 48.5% year-on-year - Non-recurring net profit was 41.40 million yuan, a decline of 49.3% year-on-year - In Q2 alone, revenue was 164 million yuan, a decrease of 27.99% year-on-year, with net profit at 22.38 million yuan, down 47.33% year-on-year [2][8]. Key Financial Metrics - Gross margin was 49.43%, an increase of 2.7% year-on-year - Net margin was 15.07%, a decrease of 26.12% year-on-year - Operating expenses as a percentage of revenue were 31.4%, an increase of 30.86% year-on-year - Earnings per share were 0.30 yuan, down 45.75% year-on-year - Cash flow per share from operating activities was -0.77 yuan, a decrease of 1837.29% year-on-year [5][6]. Revenue Composition - Revenue from physical books was 287 million yuan, accounting for 91.08% of total revenue, with a gross margin of 47.75% - Digital content revenue was 1.89 million yuan, representing 6.01% of total revenue, with a gross margin of 69.24% - Copyright operations generated 634,960 yuan, making up 2.02% of total revenue, with a gross margin of 53.45% [5]. Market Conditions and Strategic Actions - The overall book retail market in China faced significant pressure, with a 9.64% year-on-year decline in retail market value - New Classics launched 65 new titles during the reporting period and increased focus on original works - The company is implementing a special action plan to enhance quality and efficiency while exploring diversified IP business opportunities [7][8].

Group 1 - The company, New Classics (SH 603096), announced that its fourth board meeting will be held on August 7, 2025, to discuss the proposal for amending the company's articles of association [2] - For the year 2024, New Classics reported that its revenue composition was 99.07% from news and publishing, while other businesses accounted for 0.93% [2]