截至9月30日，出版传媒股东户数2.10万，较上期减少7.82%；人均流通股26197股，较上期增加8.49%。 2025年1月-9月，出版传媒实现营业收入16.85亿元，同比减少5.90%；归母净利润7681.39万元，同比增 长75.74%。 分红方面，出版传媒A股上市后累计派现4.94亿元。近三年，累计派现9035.00万元。 机构持仓方面，截止2025年9月30日，出版传媒十大流通股东中，大成中证360互联网+指数A （002236）位居第五大流通股东，持股229.83万股，相比上期增加16.68万股。金元顺安元启灵活配置混 合（004685）位居第八大流通股东，持股171.76万股，为新进股东。广发创业板指数增强A（025195） 位居第九大流通股东，持股152.90万股，为新进股东。中信保诚多策略混合(LOF)A（165531）退出十 大流通股东之列。 责任编辑：小浪快报 11月21日，出版传媒盘中下跌2.05%，截至10:22，报7.16元/股，成交2332.55万元，换手率0.58%，总市 值39.45亿元。 资金流向方面，主力资金净流出82.56万元，大单买入169.57万元，占比7.27% ...

Core Viewpoint - The report indicates that Zhongwen Media's net profit attributable to shareholders in Q3 2025 was 109 million yuan, a year-on-year decrease of 5.4%, while the net profit for the first three quarters was 399 million yuan, down 49.1% year-on-year. The significant decline in performance is primarily due to the reform in the subscription and distribution method of student textbooks and supplementary materials in Jiangxi Province, leading to a notable drop in the supplementary materials segment's revenue. However, as the impact of the company's adjustment in distribution model gradually dissipates, the revenue for the third quarter showed a year-on-year increase of 2.1%, indicating a moderation in the decline of the core business [1]. Financial Performance - In Q3 2025, the net profit attributable to shareholders was 109 million yuan, reflecting a 5.4% year-on-year decline [1]. - For the first three quarters, the net profit attributable to shareholders was 399 million yuan, representing a 49.1% year-on-year decrease [1]. Business Segment Analysis - The decline in performance is mainly attributed to the reform in the subscription and distribution method for educational materials in Jiangxi Province, which significantly impacted the revenue from the supplementary materials segment [1]. - The third quarter saw a 2.1% year-on-year increase in revenue, suggesting a potential stabilization in the core business as the negative effects of the distribution model reform are gradually being absorbed [1]. Future Outlook - The company is expected to stabilize its main publishing and distribution revenue if the new procurement policies for educational materials in Jiangxi are gradually clarified and if the company enhances market development efforts [1]. - Following previous adjustments, there are signs of marginal improvement in the core educational materials business, indicating that the negative impacts of the distribution model reform are being gradually mitigated [1]. - The company is anticipated to experience a turning point and bottoming out in performance, with a potential recovery in the medium term and sufficient long-term growth momentum [1].

Core Viewpoint - City Media, established in 1994 and listed in 2000, is a significant player in the domestic publishing and media sector, focusing on a full range of publishing and distribution services, including books, periodicals, and electronic audio-visual products [1] Group 1: Business Performance - In Q3 2025, City Media achieved a revenue of 1.622 billion yuan, ranking 8th among 19 companies in the industry, with the industry leader, Wuxin Media, generating 6.851 billion yuan [2] - The main business revenue composition includes 1.731 billion yuan from educational materials (71.15%), 841 million yuan from general books (34.59%), and 199 million yuan from other products (8.18%) [2] - The net profit for the same period was 30.635 million yuan, placing the company 13th in the industry, with the top performer, Wuxin Media, reporting a net profit of 963 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, City Media's debt-to-asset ratio was 24.68%, lower than the previous year's 26.73% and below the industry average of 32.11%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 21.39%, down from 27.95% year-on-year and below the industry average of 30.79%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Jia Qingpeng, has extensive experience in the publishing industry, while the general manager, Li Mingming, saw a salary reduction of 310,200 yuan in 2024 compared to 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 3.92% to 30,500, with an average holding of 21,700 circulating A-shares, which increased by 2.45% [5] Group 4: Strategic Initiatives - City Media is actively transforming its main business, focusing on IP resource development, enhancing consumer engagement, and innovating sales models, particularly in educational materials [6] - The company has partnered with various entities to expand its product offerings and services, including VR projects and AI platforms, which have attracted over 100,000 users [6] - Revenue projections for 2025 to 2027 are estimated at 1.786 billion, 1.662 billion, and 1.687 billion yuan, with net profits expected to be 87 million, 98 million, and 115 million yuan respectively [6]

Core Insights - Longban Media, established in July 2014 and listed on the Shanghai Stock Exchange in August 2021, is a significant player in China's publishing and media industry, focusing on publishing, distribution, and printing services [1] Group 1: Business Performance - For Q3 2025, Longban Media reported revenue of 1.283 billion yuan, ranking 8th in the industry, significantly lower than the top competitor, Phoenix Media, at 9.159 billion yuan [2] - The company's net profit for the same period was 294 million yuan, also ranking 8th, trailing behind Phoenix Media's 1.729 billion yuan [2] - The main revenue sources include educational materials, contributing 1.268 billion yuan (76.20%), and general books, contributing 278 million yuan (16.71%) [2] Group 2: Financial Ratios - As of Q3 2025, Longban Media's debt-to-asset ratio was 33.93%, slightly up from 31.47% year-on-year but below the industry average of 34.52% [3] - The company's gross profit margin was 45.49%, an increase from 44.55% year-on-year, and higher than the industry average of 37.19% [3] Group 3: Executive Compensation - The chairman, Qu Bailong, received a salary of 968,500 yuan in 2024, an increase of 138,200 yuan from 2023 [4] - The general manager, Li Lianfeng, earned 414,500 yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 16.76% to 19,500 [5] - The average number of circulating A-shares held per shareholder increased by 20.14% to 22,800 [5]

Core Insights - Shandong Publishing is a leading enterprise in the domestic publishing and media industry, established on December 28, 2011, and listed on the Shanghai Stock Exchange on November 22, 2017, with a strong presence in the education publishing sector [1] Group 1: Business Performance - In Q3 2025, Shandong Publishing achieved a revenue of 8.366 billion yuan, ranking third among ten companies in the industry, with the top company, Phoenix Media, generating 9.159 billion yuan [2] - The net profit for the same period was 1.242 billion yuan, placing the company second in the industry, behind Phoenix Media's 1.729 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Shandong Publishing's debt-to-asset ratio was 33.41%, lower than the industry average of 34.52% and down from 36.65% in the same period last year [3] - The gross profit margin was 35.40%, which is below the industry average of 37.19% and decreased from 36.44% year-on-year [3] Group 3: Leadership Changes - Liu Wenqiang was appointed as the chairman of Shandong Publishing in July 2024, having previously held various government positions [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 45.39% to 32,400, while the average number of shares held per shareholder decreased by 31.22% to 64,400 [5] Group 5: Future Outlook - According to Zhongtai Securities, Shandong Publishing's performance in H1 2025 faced pressure, but the core business remains solid, with expected revenues of 10.425 billion, 10.582 billion, and 10.958 billion yuan for 2025 to 2027, reflecting year-on-year changes of -11.04%, 1.50%, and 3.56% respectively [6]

| 业务板块 | 销售码洋 | 主营业务收入 | 主营业务成本 | 毛利率(%) | | --- | --- | --- | --- | --- | | 出版业务 | - | 241,018.73 | 157,847.71 | 34.51 | | 其中：教材教辅 | 238,686.95 | 139,130.10 | 78,056.94 | 43.90 | | 一般图书 | 436,014.93 | 69,648.30 | 52,673.81 | 24.37 | | 发行业务 | - | 686,799.85 | 494,020.51 | 28.07 | | 其中：教材教辅 | 295,875.38 | 287,215.87 | 189,273.67 | 34.10 | | 一般图书 | 657,114.76 | 379,746.86 | 288,227.11 | 24.10 | 主要业务板块说明： 出版业务涵盖了图书、报刊、音像制品及数字产品等出版物的出版；印 证券代码：601811 证券简称：新华文轩 公告编号：2025-031 新华文轩出版传媒股份有限公司 关于 2025 年前三季度主要经营数据的公告 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 新華文軒出版傳媒股份有限公司 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 關於2025年前三季度主要經營數據的公告 本公告乃由新華文軒出版傳媒股份有限公司（「本公司」，連同其附屬公司統稱「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條以及 香港法例第571章證券及期貨條例第XIVA部的規定作出。 本公司董事會及全體董事保證本公告內容不存在任何虛假記載、誤導性陳述或者 重大遺漏，並對其內容的真實性、準確性和完整性承擔法律責任。 承董事會命 新華文軒出版傳媒股份有限公司 董事長 周青 中國•四川，2025年10月30日 於本公告日期，董事會成員包括(a)執行董事周青先生、劉龍章先生及李强先生； (b)非執行董事柯繼銘先生及譚鏖女士；以及(c)獨立非執行董事劉子 ...

Core Insights - The company reported a revenue of 1.685 billion yuan for the first three quarters of 2025, a year-on-year decrease of 5.90% [1] - The net profit attributable to shareholders was 76.81 million yuan, showing a significant year-on-year increase of 75.74% [1] - The basic earnings per share stood at 0.14 yuan [1] Financial Performance - The gross profit margin for the first three quarters was 21.23%, an increase of 1.00 percentage points year-on-year [2] - The net profit margin was 4.43%, up 2.23 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 19.44%, a decrease of 0.38 percentage points year-on-year and a decline of 6.79% quarter-on-quarter [2] - The net profit margin for Q3 was 4.72%, an increase of 0.75 percentage points year-on-year but a decrease of 3.43% from the previous quarter [2] Cost Structure - Total operating expenses for the period were 283 million yuan, a decrease of 11.78 million yuan year-on-year [2] - The expense ratio was 16.82%, an increase of 0.33 percentage points year-on-year [2] - Sales expenses decreased by 3.49%, management expenses decreased by 5.32%, and R&D expenses decreased by 9.55%, while financial expenses increased by 24.96% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 21,000, a decrease of 1,785 or 7.82% from the end of the previous half [2] - The average market value per shareholder increased from 168,800 yuan to 181,600 yuan, a growth of 7.56% [2] Company Overview - The company, North United Publishing and Media Group Co., Ltd., is based in Shenyang, Liaoning Province, and was established on August 29, 2006 [3] - The main business includes the publication, distribution, and printing of educational materials and general books, with revenue composition as follows: educational materials 39.60%, paper and printing supplies 37.19%, general books 30.73%, and others 4.13% [3] - The company is classified under the media and publishing industry, with concepts including Northeast revitalization, small-cap stocks, data rights confirmation, intellectual property, and film and television media [3]

Core Viewpoint - Reader Publishing Media Co., Ltd. reported steady growth in its operating performance for the first three quarters of 2025, with revenue reaching 660 million yuan and a net profit of 79.6972 million yuan, marking an 11.15% year-on-year increase [1] Group 1: Financial Performance - The company achieved a revenue of 244 million yuan in the third quarter alone, reflecting a year-on-year growth of 6.82% [1] - The net profit for the third quarter was 41.0926 million yuan, up 9.77% compared to the same period last year [1] - The main business generated a revenue of 600 million yuan in the first three quarters, with the educational materials segment contributing 428 million yuan, showing a significant increase of 11.16% year-on-year [2] Group 2: Business Segments - The educational materials segment's revenue growth was driven by the revision of music and art textbooks for compulsory education and an increase in the number of high school students, leading to higher print volumes and sales [2] - The general book segment reported a revenue of 89.7104 million yuan with a gross margin of 16.69%, benefiting from an increase in overall reprint rates and improved margins on individual titles [2] - The journal segment achieved a revenue of 83.0729 million yuan, supported by enhanced distribution channels and increased marketing efforts through e-commerce and live streaming [2] Group 3: Strategic Initiatives - The company is actively optimizing its business structure by divesting non-core or inefficient assets and streamlining its organizational framework [2][3] - Recent consolidations include merging Reader Publishing House and the Journal Center into Reader Magazine, and integrating various cultural and digital publishing entities to enhance operational efficiency [3] - Future strategies focus on strengthening the core publishing business, enhancing the quality and influence of the "Gansu Edition" books, and fostering innovation in cultural services and digital product offerings [3]

证券代码：603999 证券简称：读者传媒 公告编号：临 2025-046 报告期内，一般图书业务收入较上年同期小幅下降，主要受民文 项目图书及少儿类图书下降影响。但由于一般图书整体重印率提高和 单品种毛利提升使得图书业务毛利率增幅较大。 报告期内，公司积极维护期刊发行渠道，持续加大电商平台及线 上直播带货营销力度，但受行业整体下行的影响，期刊业务收入和利 润均出现下降。 注：上述数据为初步统计数据，可能与公司定期报告披露的相关 数据存在差异，仅供各位投资者参考。 特此公告。 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。 读者出版传媒股份有限公司（以下简称"公司"）根据《上海证 券交易所上市公司自律监管指引第 3 号——行业信息披露第十一号 新闻出版》的相关规定，现将 2025 年前三季度主要经营数据（未经 审计）公告如下： 报告期内，教材教辅业务收入与上年同期相比有明显增长。一方 面源于教材（义教音乐、美术）改版以及高中学生人数增长带来印量 和销量双增加，另一方面在持续巩固教辅发行渠道基础上，通过优化 教辅出版结构、增加 ...