1月5日，中文在线盘中上涨2.07%，截至13:09，报25.64元/股，成交10.01亿元，换手率6.05%，总市值 186.79亿元。 资金流向方面，主力资金净流出4363.70万元，特大单买入6065.61万元，占比6.06%，卖出6487.35万 元，占比6.48%；大单买入2.40亿元，占比23.98%，卖出2.79亿元，占比27.92%。 分红方面，中文在线A股上市后累计派现3424.95万元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，中文在线十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股898.65万股，为新进股东。诺安积极回报混合A（001706）、景顺长城成长龙头一年持有 期混合A类（011058）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，中文在线集团股份有限公司位于北京市东城区安定门东大街28号雍和大厦2号楼6层608号， 成立日期2000年12月19日，上市日期2015年1月21日，公司主营业务涉及提供数字阅读产品、数字出版 运营服务和数字内容增值服务;游戏发行及运营、二次元相关业务。主营业务收入构成为：数字内容授 权及其他相关产品 ...

12月24日，中文在线盘中上涨2.01%，截至13:13，报23.83元/股，成交2.60亿元，换手率1.67%，总市值 173.60亿元。 资金流向方面，主力资金净流出2.55万元，特大单买入958.98万元，占比3.68%，卖出449.27万元，占比 1.72%；大单买入6362.85万元，占比24.43%，卖出6875.12万元，占比26.40%。 分红方面，中文在线A股上市后累计派现3424.95万元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，中文在线十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股898.65万股，为新进股东。诺安积极回报混合A（001706）、景顺长城成长龙头一年持有 期混合A类（011058）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，中文在线集团股份有限公司位于北京市东城区安定门东大街28号雍和大厦2号楼6层608号， 成立日期2000年12月19日，上市日期2015年1月21日，公司主营业务涉及提供数字阅读产品、数字出版 运营服务和数字内容增值服务;游戏发行及运营、二次元相关业务。主营业务收入构成为：数字内容授 权及其他相关 ...

Core Insights - The stock price of Zhongwen Online increased by 2.08% on November 26, reaching 29.50 CNY per share, with a trading volume of 615 million CNY and a turnover rate of 3.23%, resulting in a total market capitalization of 21.49 billion CNY [1] - Year-to-date, Zhongwen Online's stock price has risen by 20.26%, with an 8.86% increase over the last five trading days and a 9.14% increase over the last twenty days, while it has decreased by 17.11% over the last sixty days [1] - The company has reported a net outflow of 50.05 million CNY in principal funds, with significant buying and selling activity from large orders [1] Company Overview - Zhongwen Online Group Co., Ltd. was established on December 19, 2000, and went public on January 21, 2015. The company is based in Beijing and primarily engages in digital reading products, digital publishing operations, and digital content value-added services, as well as game publishing and operations [2] - The revenue composition of Zhongwen Online includes 55.95% from digital content licensing and related products, 42.66% from IP derivative development products, 1.04% from educational products, and 0.34% from other products [2] - As of September 30, 2025, the company reported a total revenue of 1.01 billion CNY, reflecting a year-on-year growth of 25.12%, while the net profit attributable to the parent company was -520 million CNY, a decrease of 176.64% year-on-year [2] Shareholder Information - Since its A-share listing, Zhongwen Online has distributed a total of 34.25 million CNY in dividends, with no dividends paid in the last three years [3] - As of September 30, 2025, the number of shareholders increased to 112,400, a rise of 7.20% from the previous period, with an average of 5,877 circulating shares per person, down by 6.72% [2][3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest shareholder, holding 8.99 million shares as a new shareholder, while some funds exited the top ten list [3]

Group 1 - The core viewpoint of the news is that Zhongwen Online has seen a stock price increase of 5.02%, reaching 28.65 CNY per share, with a trading volume of 2.506 billion CNY and a turnover rate of 13.80%, resulting in a total market capitalization of 20.872 billion CNY [1] - Zhongwen Online, established on December 19, 2000, and listed on January 21, 2015, specializes in digital reading products, digital publishing operation services, and digital content value-added services, with its main revenue sources being digital content licensing (55.95%), IP derivative development (42.66%), educational products (1.04%), and other products (0.34%) [1] Group 2 - From the perspective of fund holdings, Changsheng Fund has one fund heavily invested in Zhongwen Online, specifically the Changsheng Internet + Mixed A fund (002085), which reduced its holdings by 40,300 shares in the third quarter, now holding 134,000 shares, accounting for 4.34% of the fund's net value, ranking as the tenth largest holding [2] - The Changsheng Internet + Mixed A fund has a total scale of 60.3124 million CNY and has achieved a year-to-date return of 14.08%, ranking 4,521 out of 8,209 in its category, with a one-year return of 5.62%, ranking 6,188 out of 8,129 [2]

资料显示，中文在线集团股份有限公司位于北京市东城区安定门东大街28号雍和大厦2号楼6层608号， 成立日期2000年12月19日，上市日期2015年1月21日，公司主营业务涉及提供数字阅读产品、数字出版 运营服务和数字内容增值服务;游戏发行及运营、二次元相关业务。主营业务收入构成为：数字内容授 权及其他相关产品55.95%，IP衍生开发产品42.66%，教育产品1.04%，其他产品0.34%。 中文在线所属申万行业为：传媒-出版-大众出版。所属概念板块包括：爱奇艺概念、短剧概念、影视动 漫、知识付费、影视传媒等。 截至9月30日，中文在线股东户数11.24万，较上期增加7.20%；人均流通股5877股，较上期减少6.72%。 2025年1月-9月，中文在线实现营业收入10.11亿元，同比增长25.12%；归母净利润-5.20亿元，同比减少 176.64%。 11月20日，中文在线盘中下跌2.03%，截至10:06，报26.55元/股，成交3.35亿元，换手率1.89%，总市值 193.42亿元。 资金流向方面，主力资金净流出3418.99万元，特大单买入2027.71万元，占比6.06%，卖出3630.63万 ...

Core Viewpoint - The stock of Zhongwen Online has experienced fluctuations, with a recent decline of 2.03% and a year-to-date increase of 8.15%, indicating volatility in its market performance [1]. Financial Performance - For the period from January to September 2025, Zhongwen Online achieved a revenue of 1.011 billion yuan, representing a year-on-year growth of 25.12%. However, the net profit attributable to shareholders was -520 million yuan, a significant decrease of 176.64% compared to the previous year [2]. - The company has cumulatively distributed 34.2495 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, Zhongwen Online had 112,400 shareholders, an increase of 7.20% from the previous period. The average number of circulating shares per shareholder decreased by 6.72% to 5,877 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 8.9865 million shares as a new shareholder. Notably, certain funds have exited the top ten list [3]. Market Activity - The stock's trading activity shows a net outflow of 3.3155 million yuan from major funds, with significant selling pressure observed [1]. - Zhongwen Online has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 550 million yuan on August 25, accounting for 14.67% of total trading volume [1].

Group 1 - The core viewpoint of the news is that Zhongwen Online's stock has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 13.21% [1] - As of November 7, the stock price is reported at 27.77 CNY per share, with a total market capitalization of 20.23 billion CNY [1] - The company has seen a net outflow of 62.15 million CNY in principal funds, with significant selling pressure observed [1] Group 2 - Zhongwen Online, established on December 19, 2000, and listed on January 21, 2015, primarily engages in digital reading products, digital publishing operations, and digital content value-added services [2] - The revenue composition includes 55.95% from digital content licensing, 42.66% from IP derivative development, 1.04% from educational products, and 0.34% from other products [2] - As of September 30, 2025, the company reported a revenue of 1.01 billion CNY, reflecting a year-on-year growth of 25.12%, while the net profit attributable to shareholders was -520 million CNY, a decrease of 176.64% [2] Group 3 - Since its A-share listing, Zhongwen Online has distributed a total of 34.25 million CNY in dividends, with no dividends paid in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the fifth largest shareholder, holding 8.99 million shares as a new entrant [3] - Notable exits from the top ten shareholders include Nuoan Active Return Mixed A and Invesco Great Wall Long-term Leader Mixed A [3]

Core Viewpoint - The stock of Zhongwen Online has shown a positive trend with a year-to-date increase of 12.52%, reflecting strong market interest and trading activity [1][2]. Financial Performance - For the period from January to September 2025, Zhongwen Online achieved a revenue of 1.011 billion yuan, representing a year-on-year growth of 25.12% [2]. - The company reported a net profit attributable to shareholders of -520 million yuan, a significant decline of 176.64% compared to the previous year [2]. Stock Market Activity - As of October 28, Zhongwen Online's stock price was 27.60 yuan per share, with a trading volume of 656 million yuan and a turnover rate of 3.64%, leading to a total market capitalization of 20.107 billion yuan [1]. - The stock has seen a net inflow of 51.638 million yuan from main funds, with large orders contributing significantly to the buying activity [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 112,400, up by 7.20% from the previous period, while the average circulating shares per person decreased by 6.72% to 5,877 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the fifth largest shareholder, with 8.9865 million shares, marking a new entry [3].

Core Insights - The company reported a revenue of 1.011 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 25.12% [1] - The net profit attributable to shareholders was -520 million yuan, a decline of 176.64% year-on-year, with a basic earnings per share of -0.71 yuan [1][2] Financial Performance - The gross profit margin for the first three quarters was 34.61%, an increase of 4.37 percentage points year-on-year, while the net profit margin was -51.13%, a decrease of 28.01 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 37.97%, down 1.06 percentage points year-on-year but up 4.62 percentage points quarter-on-quarter; the net profit margin was -63.87%, a decline of 52.85% year-on-year and down 21.23 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for Q3 2025 were 809 million yuan, an increase of 350 million yuan year-on-year, with an expense ratio of 79.98%, up 23.24 percentage points from the same period last year [2] - Sales expenses increased by 93.65%, management expenses rose by 17.81%, R&D expenses grew by 41.86%, and financial expenses increased by 28.70% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 112,400, an increase of 7,548 or 7.20% from the end of the previous half [3] - The average market value per shareholder decreased from 184,200 yuan at the end of the previous half to 177,300 yuan, a decline of 3.76% [3] Company Overview - The company, established on December 19, 2000, and listed on January 21, 2015, is based in Beijing and specializes in digital reading products, digital publishing operations, and digital content value-added services [3] - The main revenue sources include digital content licensing and related products (55.95%), IP derivative development products (42.66%), educational products (1.04%), and other products (0.34%) [3] - The company is classified under the media and publishing industry, with concepts including knowledge payment, intellectual property, vocational education, and data rights [3]

Core Insights - Chinese Online's stock price increased by 2.01% on October 21, reaching 25.33 CNY per share, with a trading volume of 1.42 billion CNY and a market capitalization of 18.453 billion CNY [1] Financial Performance - For the first half of 2025, Chinese Online reported revenue of 556 million CNY, a year-on-year increase of 20.40%, while the net profit attributable to shareholders was -226 million CNY, a decrease of 50.84% compared to the previous year [2] - The company's stock price has risen by 3.26% year-to-date, with a slight increase of 0.28% over the last five trading days, but a decline of 6.98% over the last 20 days and 1.55% over the last 60 days [1] Shareholder Information - As of June 30, 2025, the number of shareholders for Chinese Online was 104,800, a decrease of 8.66% from the previous period, with an average of 6,300 circulating shares per shareholder, an increase of 9.48% [2] - The company has distributed a total of 34.2495 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Major Shareholders - As of June 30, 2025, the seventh largest circulating shareholder is Nuoan Active Return Mixed A, holding 6.3893 million shares, a decrease of 1.8939 million shares from the previous period [3] - In contrast, the tenth largest shareholder is Invesco Great Wall Long-term Growth Mixed A, which is a new entrant with 5.0075 million shares [3]