营业收入变动幅度为-15.38%,原因:占收入85%的纸质图书业务受整体图书市场下滑的影响导致收入下 降。 营业成本变动幅度为-11.51%,原因:营业收入下降。 据证券之星公开数据整理，近期读客文化（301025）发布2025年中报。截至本报告期末，公司营业总收 入1.68亿元，同比下降15.38%，归母净利润612.57万元，同比下降46.9%。按单季度数据看，第二季度 营业总收入8317.67万元，同比下降20.59%，第二季度归母净利润546.57万元，同比下降26.85%。本报 告期读客文化公司应收账款体量较大，当期应收账款占最新年报归母净利润比达476.33%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率32.37%，同比减8.36%，净利率3.64%， 同比减37.25%，销售费用、管理费用、财务费用总计4534.88万元，三费占营收比26.92%，同比增 14.62%，每股净资产1.57元，同比增1.5%，每股经营性现金流0.04元，同比减74.52%，每股收益0.02 元，同比减46.88% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | -- ...

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].

证券代码：603096 证券简称：新经典 公告编号：2025-024 新经典文化股份有限公司 新经典文化股份有限公司根据《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》的相关规定，现将 2025 年半年度主要经营数 据公告如下： 单位：万元 币种：人民币 | | | 销售码洋 | | 营业收入 | | | 营业成本 | | | | 毛利率(%) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 去年 | 本期 | 增长率% | 去年 | 本期 | 增长率% | 去年 | 本期 | 增长率% | 去年 | 本期 | 增长率 | | 纸质图书 | 89,742.72 | 62,796.79 | -30.03 | 42,043.37 | 28,679.17 | -31.79 | 22,411.91 | 14,984.78 | -33.14 | 46.69 | 47.75 | 1.06 | | 数字内容 | | | | 2,126.77 | 1,891.68 | -11.05 ...

Core Viewpoint - The company reported a decline in revenue and net profit for 2024, primarily due to weak book consumption demand and business adjustments [1][2]. Financial Performance - The company achieved a revenue of 821 million yuan in 2024, a year-on-year decrease of 8.89% [2]. - The net profit attributable to shareholders was 127 million yuan, down 20.87% year-on-year [2]. - The net profit after deducting non-recurring items was 107 million yuan, a decrease of 23.26% year-on-year [2]. - The gross profit margin decreased by 1.48 percentage points to 47.20% [2]. Business Segments - The overseas business generated revenue of 123 million yuan, a decline of 9.40% year-on-year, with a net loss of 22 million yuan, increasing losses by 51.41% [2]. - Revenue from physical books was 746 million yuan, down 9.56% year-on-year; digital content revenue was 48 million yuan, up 2.75%; and copyright operations revenue was 19 million yuan, down 8.72% [2]. Cost and Expenses - Sales expenses were 159 million yuan, a decrease of 1.45% year-on-year, while management expenses were 75 million yuan, down 3.64% [2]. - Financial expenses were -3 million yuan, a decrease of 80.26% year-on-year, attributed to increased interest income from bank deposits [2]. - R&D expenses were 7 million yuan, down 29.43% due to a reduction in R&D personnel [2]. IP Development and Shareholder Returns - The company is focusing on diversified IP operations, with the "bibi zoo" IP achieving over 5 million fans and 3 billion views [3]. - The company plans to distribute cash dividends of 8.00 yuan per 10 shares, totaling approximately 123 million yuan, which represents 96.85% of the net profit [3]. - The total amount for cash dividends and share buybacks is 196 million yuan, exceeding the net profit by 154.56% [3]. Investment Outlook - The company maintains a strong recommendation for investment, with expected net profits of 144 million, 163 million, and 179 million yuan for 2025, 2026, and 2027, respectively [4].

Group 1 - The core viewpoint of the article highlights the significant growth and strong market position of Dook Culture, with a reported revenue of 406 million yuan and a net profit of 14.71 million yuan, marking a year-on-year increase of 548.06% [1] - Dook Culture is committed to promoting traditional culture, nurturing local authors, and implementing national cultural policies, while focusing on providing high-quality and tasteful book products [1] - The company has achieved stable growth in physical book sales and rapid expansion in digital content, including e-books and audiobooks, which have become new growth drivers [1] Group 2 - Dook Culture has made notable advancements in technology research and copyright operations, enhancing the efficiency and quality of content production and distribution through increased investment in technological innovation [2] - The company actively engages in social responsibility initiatives, contributing to public welfare and promoting reading activities, while also focusing on employee training and career development [2] - Looking ahead, Dook Culture plans to continue its commitment to innovation, expanding its business areas and deepening its industry chain layout, with increased investments in digital publishing, copyright operations, and cultural exports [2]

新经典文化股份有限公司 2025年第一季度主要经营数据公告 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。 新经典文化股份有限公司根据《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》的相关规定，现将 2025 年第一季度主要经营 数据公告如下： 以上生产经营数据来自公司内部统计，仅为投资者及时了解公司生产经营概况之用，敬请广大投资者理性投资，注意投资风险。 特此公告。 新经典文化股份有限公司董事会 2025 年 4 月 28 日 单位：万元 币种：人民币 销售码洋 营业收入 营业成本 毛利率(%) 去年 本期 增长率% 去年 本期 增长率% 去年 本期 增长 率% 去年 本期 增长率 纸质图书 43,699.95 29,932.95 -31.50 20,937.83 13,738.80 -34.38 11,085.78 7,116.07 -35.81 47.05 48.20 1.15 数字内容 1,197.34 940.06 -21.49 379.92 305.72 -19.53 68.27 67.48 -0. ...

Core Viewpoint - New Classics (603096) reported a decline in both revenue and net profit for the year 2024, indicating challenges in the book industry and the need for transformation [2][15]. Financial Performance Overview - Total revenue for 2024 was 821 million yuan, a decrease of 8.89% year-on-year [2] - Net profit attributable to shareholders was 127 million yuan, down 20.87% year-on-year [2] - Non-recurring net profit was 107 million yuan, a decline of 23.26% year-on-year [2] - Q4 performance was particularly poor, with total revenue of 181 million yuan, down 25.69% year-on-year [2] - Q4 net profit was -31,320 yuan, a decrease of 101.01% year-on-year [2] - Q4 non-recurring net profit was -5.48 million yuan, down 121.7% year-on-year [2] Key Financial Metrics - Gross margin was 47.2%, a decrease of 3.04% year-on-year [3] - Net margin was 15.71%, down 12.9% year-on-year [4] - Earnings per share were 0.78 yuan, a decline of 20.54% year-on-year [5] Costs and Expenses - Total selling, administrative, and financial expenses amounted to 231 million yuan, accounting for 28.11% of revenue, an increase of 6.75% year-on-year [6] - Financial expenses decreased by 80.26% year-on-year due to increased interest income from bank deposits [7] Cash Flow and Asset Status - Operating cash flow per share was 0.24 yuan, down 77.43% year-on-year [8] - Cash and cash equivalents were 148 million yuan, a decrease of 49.55% year-on-year, primarily due to the purchase of long-term deposits and share buybacks [8] - Accounts receivable stood at 101 million yuan, representing 80.15% of net profit, indicating a need to monitor collection [9] Business Composition Analysis - Revenue from physical books was 746 million yuan, accounting for 90.90% of total revenue, with a gross margin of 45.18% [10] - Digital content revenue was 47.97 million yuan, making up 5.85% of total revenue, with a gross margin of 72.07% [11] - Copyright operations generated 19.07 million yuan, accounting for 2.32% of total revenue, with a gross margin of 52.62% [12] Regional Distribution - Domestic revenue was 690 million yuan, accounting for 84.12% of total revenue, with a gross margin of 47.19% [13] - Overseas revenue was 123 million yuan, making up 14.95% of total revenue, with a gross margin of 45.55% [14] Development Review and Outlook - The book industry is facing challenges such as channel restructuring, traffic differentiation, and technological innovation, marking a critical phase of transformation [15] - The company aims to enhance quality content supply and operations, update marketing systems, and improve sales channel management to navigate these challenges [16]