证券之星价投圈财报分析工具显示：业务评价：公司去年的ROIC为5.42%，资本回报率一般。去年的净 利率为7.01%，算上全部成本后，公司产品或服务的附加值一般。从历史年报数据统计来看，公司上市 以来中位数ROIC为10.89%，投资回报也较好，其中最惨年份2024年的ROIC为5.42%，投资回报一般。 公司历史上的财报相对良好(注：公司上市时间不满10年，上市时间越长财务均分参考意义越大。)。商 业模式：公司业绩主要依靠营销驱动。需要仔细研究这类驱动力背后的实际情况。 财报体检工具显示：建议关注公司应收账款状况(应收账款/利润已达329.71%) 本次财报公布的各项数据指标表现尚佳。其中，毛利率42.49%，同比减10.94%，净利率1.9%，同比增 38.88%，销售费用、管理费用、财务费用总计1.11亿元，三费占营收比37.44%，同比减2.74%，每股净 资产7.23元，同比增5.84%，每股经营性现金流-0.27元，同比减73.13%，每股收益0.06元，同比增 79.31% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | ...

Group 1: Business Overview - The company has published a total of 2,739 titles, with an average of 1.5 new titles added daily, including over 700 classic works, establishing a long-term copyright advantage [1][2] - The education and supplementary materials segment generated a sales volume of 28.587 million yuan in 2024, accounting for 21% of the total book sales, with a year-on-year increase of nearly 14 times [5][6] Group 2: Strategic Initiatives - The company is focusing on consolidating its publishing business while exploring new growth avenues, including AI and film sectors [2][3] - The "AI Proofreading King" product has been successfully registered and patented, marking it as the only large language model developed by a publishing company [2][4] Group 3: Financial Performance - In 2024, the company reported a revenue growth of 21.76% but a decline in net profit attributable to shareholders by 23.87% [5] - The operating cash flow for 2024 showed a net inflow of 91.96 million yuan, a year-on-year increase of 18.72% [4] Group 4: Market Position and Future Plans - The company aims to maintain a 9.99 times "product effectiveness" advantage in its publishing business by adding 500 new titles in 2025 [3] - The animation film "The Stars of the Three Kingdoms" is set to be released in 2025, with expectations of leveraging partnerships for marketing and distribution [3][4]