中新网北京12月31日电 (记者 应妮)2026年1月4日至7日，2026北京出版发行产业高质量发展年会将在京 举行。本届年会以"融合创生态，出版焕新颜"为核心主题，聚焦跨界融合与业态创新，以技术赋能激活 内容价值，以精准服务对接市场需求。 2026北京 出版发行产业高质量发展年会海报。 主办方供图 作为行业发展的"风向标"与"连接器"，本届年会吸引500余家优质出版商参展，集中展示8万余种涵盖教 材教辅、人文社科、大众阅读、少儿图书、期刊等全品类出版物。 主办方相关负责人介绍，本届年会精品图书集中呈现，众多出版机构将携重点图书亮相，从严肃学术到 大众主题，从经典再造到原创IP，展现出版业坚守品质、深耕内容的坚实步伐；场景化体验再度升级， 少儿出版IP化开发、人文社科经典当代化解读、教辅产品场景化设计等一系列创新实践，凸显出版业正 从内容提供者转向文化场景构建者；知识服务探索纵深发展，展会突破传统图书展销模式，集中呈 现"纸质+数字+AI"融合产品、全域营销案例及知识服务解决方案，展现出版业向现代知识服务商转型 的积极探索。 据悉，年会由北京市出版版权协会主办、北京联合出版公司承办。(完) ...

12月31日，出版传媒涨1.02%，截至发稿，报6.90元/股，成交1390.73万元，换手率0.37%，总市值38.01 亿元。 资料显示，北方联合出版传媒(集团)股份有限公司位于辽宁省沈阳市和平区十一纬路29号，成立日期 2006年8月29日，上市日期2007年12月21日，公司主营业务涉及教材教辅、一般图书等出版物的出版、 发行、印刷以及印刷物资供销等业务。主营业务收入构成为：教材教辅39.60%，纸张、印刷耗材及图 书、票据印刷等37.19%，一般图书30.73%，其他4.13%，其他(补充)3.00%。 截至发稿，夏高累计任职时间11年29天，现任基金资产总规模24.94亿元，任职期间最佳基金回报 229.61%， 任职期间最差基金回报-71.74%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，大成基金旗下1只基金位居出版传媒十大流通股东。大成中证360互联网+指数A（002236） 三季度增持16.68万股，持有股数229. ...

广发创业板指数增强A（025195）基金经理为孙迪。 截至发稿，孙迪累计任职时间8年20天，现任基金资产总规模34.38亿元，任职期间最佳基金回报 234.15%， 任职期间最差基金回报-46.52%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 12月31日，出版传媒涨1.02%，截至发稿，报6.90元/股，成交1390.73万元，换手率0.37%，总市值38.01 亿元。 资料显示，北方联合出版传媒(集团)股份有限公司位于辽宁省沈阳市和平区十一纬路29号，成立日期 2006年8月29日，上市日期2007年12月21日，公司主营业务涉及教材教辅、一般图书等出版物的出版、 发行、印刷以及印刷物资供销等业务。主营业务收入构成为：教材教辅39.60%，纸张、印刷耗材及图 书、票据印刷等37.19%，一般图书30.73%，其他4.13%，其他(补充)3.00%。 从出版传媒十大流通股东角度 数据显示，广发基金旗下1只基金位居出版传媒十大流通股东。广发创业板指数增强A（025 ...

Core Viewpoint - The stock of Publishing Media has experienced a decline of 2.05% on November 21, with a current price of 7.16 CNY per share, reflecting a market capitalization of 3.945 billion CNY. The company has seen a year-to-date stock price increase of 15.30% but has faced recent declines over various trading periods [1]. Financial Performance - For the period from January to September 2025, Publishing Media reported a revenue of 1.685 billion CNY, representing a year-on-year decrease of 5.90%. However, the net profit attributable to shareholders increased by 75.74% to 76.814 million CNY [2]. - Cumulative cash dividends since the company's A-share listing amount to 494 million CNY, with 90.35 million CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Publishing Media is 21,000, a decrease of 7.82% from the previous period. The average number of circulating shares per shareholder has increased by 8.49% to 26,197 shares [2]. - Notable changes in institutional holdings include an increase in shares held by major shareholders, with Dazhong Zhongzheng 360 Internet + Index A becoming the fifth largest shareholder, increasing its holdings by 166,800 shares [3].

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 ...