就在2月28日晚间,东方集团发布一则风险提示公告,公司已被中国证券监督管理委员会(简称"中国证监 会")立案调查。 根据中国证监会发布的阶段性调查进展情况,现已初步查明,东方集团披露的2020年至2023年财务信息严 重不实,涉嫌重大财务造假,可能触及重大违法强制退市情形。 除东方集团外,早盘跌停的还有中洲控股、庄园牧场、佳禾食品、三祥新材等。 盘面上,军工和人形机器人板块迎来反弹。 人形机器人概念股万达轴承盘中一度涨超23%,股价再创历史新高,跻身至A股前十大高价股行列,年内最 大涨幅上升至4倍以上,成为该题材的大黑马。 量子科技传来新进展,量子计算被认为可能是下一代信息革命的关键技术。 3月4日早盘,东方集团股价再次跌停,跌停板封单1268.2万手,半日成交额达到3341.8万元。 昨日,该股也遭遇一字跌停。 早盘涨幅靠前的还有江南奕帆、兆威机电、万马股份、骏创科技、一博科技等。 军工题材股中,信邦智能、北方长龙、赛为智能等"20cm"涨停,北化股份、新兴装备、立航科技、龙溪股 份等触及"10cm"涨停。 涨幅靠前的还有天和防务、航新科技、启明星辰、新雷能、星网宇达等。 我国科学家成功研制"祖冲之三号"量 ...

下一周解禁市值297.13亿元。 东方集团可能被强制退市 昨日晚间，证监会通报东方集团财务造假案阶段性调查进展情况。 据介绍，2024年6月20日，证监会对东方集团立案调查。现已初步查明，东方集团披露的2020年至2023 年财务信息严重不实，涉嫌重大财务造假，可能触及重大违法强制退市情形。该案目前正在调查过程 中，证监会将尽快查明违法事实，依法严肃处理。 证监会表示，上市公司财务造假严重损害投资者利益。证监会将从严从快查处各类造假行为，强化行 政、民事、刑事立体追责。对于触及重大违法强制退市情形的上市公司，将严格执行退市制度，坚决出 清此类"害群之马"，让造假者付出惨痛代价。 2月28日晚间，东方集团公告称，根据中国证监会发布的阶段性调查进展情况，现已初步查明，东方集 团披露的2020年至2023年财务信息严重不实，涉嫌重大财务造假，可能触及重大违法强制退市情形。若 后续经中国证监会行政处罚认定的事实，触及《上海证券交易所股票上市规则》规定的重大违法强制退 市情形，公司股票将被实施重大违法强制退市。 东方集团成立于1992年，是黑龙江省第一家股票公开发行并上市的民营企业，也是中国最早实行股份制 改造并获准上 ...

Revenue and Profit - Revenue for the first three quarters of 2024 reached RMB 843,772.29 million, a year-on-year increase of 5.61%[3] - Net profit attributable to shareholders of the company for the first three quarters of 2024 was RMB 89,118.16 million, a year-on-year decrease of 5.24%[3] - Total operating revenue for the first nine months of 2024 reached RMB 8,437,722,940.37, up from RMB 7,989,707,573.29 in the same period of 2023[13] - Net profit attributable to the parent company's shareholders increased to RMB 7,278,676,086.46 as of September 30, 2024, from RMB 6,881,030,888.86 at the end of 2023[12] - Operating profit for the nine months ended September 30, 2024, was RMB 1,087,434,690.87, an increase from RMB 1,010,194,329.33 in the same period last year[14] - Net profit attributable to the parent company's shareholders was RMB 891,181,597.60, compared to RMB 940,470,666.86 in the previous year[14] - Total comprehensive income attributable to the parent company's shareholders was RMB 1,303,990,596.78, up from RMB 1,111,470,651.89 in the same period last year[14] - Sales revenue from goods and services was RMB 8,250,819,801.99, slightly up from RMB 8,176,510,306.65 in the previous year[15] Cash Flow - Operating cash flow for the first three quarters of 2024 was RMB 77,103.05 million, a year-on-year decrease of 32.99% due to increased tax payments and labor costs[6] - Cash flow from operating activities was RMB 771,030,510.41, a decrease from RMB 1,150,598,038.89 in the previous year[15] - Cash flow from investing activities was negative RMB 622,231,215.52, compared to negative RMB 222,302,088.72 in the same period last year[15] - Cash flow from financing activities was negative RMB 828,560,746.87, compared to negative RMB 507,155,710.15 in the previous year[16] - Net increase in cash and cash equivalents was negative RMB 679,761,451.98, compared to a positive RMB 421,140,240.02 in the same period last year[17] - Total cash and cash equivalents at the end of the period were RMB 8,398,581,372.81, compared to RMB 8,183,224,869.30 in the previous year[17] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 2,357,855.42 million, an increase of 8.22% compared to the end of the previous year[3] - Shareholders' equity attributable to the company as of September 30, 2024, was RMB 1,383,835.47 million, an increase of 5.87% compared to the end of the previous year[3] - Total assets increased to RMB 23,578,554,162.35 as of September 30, 2024, compared to RMB 21,787,563,374.32 at the end of 2023[10] - Total liabilities rose to RMB 9,354,503,365.29 as of September 30, 2024, from RMB 8,373,407,203.21 at the end of 2023[12] - Cash and cash equivalents decreased to RMB 8,497,923,689.80 as of September 30, 2024, from RMB 9,117,663,825.52 at the end of 2023[10] - Accounts receivable increased to RMB 2,378,697,203.51 as of September 30, 2024, from RMB 1,477,171,063.02 at the end of 2023[10] - Inventory rose to RMB 3,105,941,268.87 as of September 30, 2024, compared to RMB 2,641,169,798.03 at the end of 2023[10] Shareholder Information - The company's largest shareholder, Sichuan Xinhua Publishing & Distribution Group Co., Ltd., holds 50.49% of the shares[7] - Hong Kong Securities Clearing Company Limited is the second-largest shareholder, holding 21.61% of the shares[7] Earnings and Returns - Basic earnings per share for the first three quarters of 2024 were RMB 0.72, a year-on-year decrease of 5.26%[3] - The weighted average return on equity (ROE) for the first three quarters of 2024 was 6.58%, a decrease of 0.72 percentage points compared to the same period last year[3] - Basic earnings per share were RMB 0.72, down from RMB 0.76 in the same period last year[14] Operating Costs and Expenses - Operating costs for the first nine months of 2024 were RMB 7,427,160,801.03, compared to RMB 6,975,823,721.25 in the same period of 2023[13] - Research and development expenses for the first nine months of 2024 were RMB 13,514,917.49, slightly up from RMB 12,909,392.76 in the same period of 2023[13] Non-Recurring Items - Non-recurring gains and losses for the first three quarters of 2024 amounted to a net loss of RMB 3,321.65 million[5] Investment Income - Investment income for the first nine months of 2024 was RMB 137,478,908.14, compared to RMB 82,377,044.68 in the same period of 2023[13]

Financial Performance - In the first half of 2024, the company achieved operating revenue of RMB 5.788 billion, a year-on-year increase of 6.64% from RMB 5.428 billion [20]. - The total profit for the period was RMB 848 million, reflecting a year-on-year growth of 5.83% [19]. - The net profit decreased by 4.63% year-on-year, amounting to RMB 752 million [19]. - The company's operating costs rose to RMB 3.562 billion, an increase of 7.29% compared to RMB 3.320 billion in the previous year [21]. - The overall gross profit margin for the period was 38.46%, down 0.37 percentage points from 38.83% in the same period last year [22]. - The publishing segment generated revenue of RMB 1.212 billion, with a gross margin of 33.48%, a decrease of 2.13% year-on-year [24]. - The distribution segment reported revenue of RMB 5.152 billion, with a gross margin of 32.29%, reflecting a year-on-year increase of 6.83% [24]. - Online sales accounted for RMB 2.716 billion in revenue, with a gross margin of 34.08%, up 9.48% year-on-year [26]. - The company's operating revenue for the period was RMB 5,787,816,275.71, an increase of 6.64% compared to RMB 5,427,547,628.27 in the same period last year [35]. - The net cash flow from operating activities decreased by 34.75% to RMB 379,837,357.10, down from RMB 582,152,981.45 in the previous year [35]. - The company reported a significant increase in tax expenses, which rose by 260.57% to RMB 25,551,756.04 from RMB 7,086,485.01 year-on-year [37]. - Investment income increased by 21.68% to RMB 123,000,000, compared to RMB 101,000,000 in the previous year [41]. - Other income decreased by 47.33% to RMB 30,047,532.36 from RMB 57,045,469.81 year-on-year [42]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.19 per share (tax included), totaling approximately RMB 234.43 million, based on a total share capital of 123,384.10 million shares [13]. - The board of directors proposed an interim dividend of RMB 0.19 per share (tax included), totaling approximately RMB 234.43 million (tax included) for the period ending June 30, 2024 [85]. - The interim dividend is subject to approval at the upcoming extraordinary general meeting scheduled for October 16, 2024 [86]. - The company will withhold a 10% corporate income tax on dividends distributed to non-resident shareholders [85]. - The dividend payment date is expected to be on or before December 16, 2024, pending shareholder approval [88]. Corporate Governance and Management - The company assures that the mid-term report's financial statements are true, accurate, and complete, with no significant omissions or misleading statements [13]. - The board of directors held a meeting on August 27, 2024, to approve the mid-term report, with all directors present except for one who delegated voting authority [13]. - The company has adopted and complied with all applicable principles and code provisions of the Corporate Governance Code during the period [83]. - The company appointed Xu Yongping as Chief Financial Officer effective May 9, 2024 [81]. - Zhao Xuefeng resigned as Deputy General Manager effective June 17, 2024, and Wang Feng was appointed as his successor [81]. - Independent non-executive director Li Xu passed away on April 9, 2024, and Han Wenlong was appointed on May 21, 2024 [79]. Risk Management - The company has not identified any major risks that could significantly impact its operations during the reporting period [13]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, urging caution regarding investment risks [13]. - The mid-term report has not been audited, indicating that the financial data may be subject to change [13]. Asset and Liability Management - As of June 30, 2024, the company's total assets amounted to approximately RMB 2,188,000,000, with a debt-to-asset ratio of 36.33%, a decrease of 2.10 percentage points from 38.43% at the end of 2023 [52]. - The company reported cash and cash equivalents of approximately RMB 8.244 billion, down from RMB 9.118 billion at the end of 2023 [52]. - The company experienced a significant increase in other receivables, which rose by 115.52% to RMB 262,357,988.75, primarily due to cash dividends declared by Chengdu Bank and Anhui Xinhua Media [51]. - The company’s development expenditure increased by 150.92% to RMB 2,623,266.62, reflecting a slight increase in R&D investment in software and other areas [51]. - The current ratio remained stable at 1.7, while inventory turnover days decreased to 127.9 days, down 6.6 days from the previous year [55]. - The company reported a decrease in long-term receivables by 57.30% to RMB 14,757,359.64, mainly due to the transition of installment payments to current assets [51]. - The company’s other non-current assets increased by 107.14% to RMB 1,792,698,873.88, attributed to the early withdrawal of fixed deposits and large bank certificates [51]. - The company had no significant contingent liabilities as of June 30, 2024, and reported a pledge deposit balance of RMB 10,503,900 [53]. Market Position and Strategy - The company is focusing on high-quality development and digital transformation to enhance its competitive edge in the publishing industry [19]. - The overall retail book market showed a negative growth of 6.20% year-on-year, indicating challenges in traditional sales channels [18]. - The company aims to strengthen its market position by optimizing its operational structure and improving the quality of its educational products [28]. - The company plans to enhance its product quality and service levels while expanding into vocational education services to drive steady growth in educational services [32]. - The company aims to optimize its capital management layout to balance short-term returns and long-term value in its investment portfolio [62]. - The company has established strong partnerships with renowned authors and global publishing institutions, enhancing its competitive advantage in the publishing industry [63]. Employee and Corporate Social Responsibility - As of June 30, 2024, the total number of employees in the group was 7,604, a decrease from 7,691 as of December 31, 2023 [64]. - The total contributions made by the company to employee retirement and corporate annuity plans amounted to RMB 117.24 million, an increase of RMB 8.35 million compared to RMB 108.89 million in the same period last year [64]. Financial Reporting and Compliance - The financial statements were approved by the board of directors on August 27, 2024 [114]. - The financial statements prepared by the company comply with the requirements of the enterprise accounting standards, accurately reflecting the financial position as of June 30, 2024, and the operating results for the period from January 1 to June 30, 2024 [119]. - The company's accounting year aligns with the calendar year, running from January 1 to December 31 [119]. - The company uses Renminbi (RMB) as its functional currency for accounting purposes [119].

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的內容概不負責，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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 人民幣元 項目 附註 2024年6月30日 2023年12月31日 （未經審計） （經審計） 資產 流動資產： 貨幣資金 5 8,244,180,881.47 9,117,663,825.52 交易性金融資產 78,709.63 5,220.00 應收票據 2,448,019.88 3,758,159.19 應收賬款 6 1,743,971,482.68 1,477,171,063.02 應收款項融資 4,014,552.03 4,445,475.96 預付款項 78,931,946.74 55,483,678.87 其他應收款 262,357,988.75 121,733,914.08 其中：應收股利 129,366,062.35 72,000.00 存貨 7 2,352,676,852.25 2,641,169,798.03 合同資產 6,362,152.42 8,817,641.75 一年內到期的 ...

Investment Rating - The report assigns a "Buy" rating for Xinhua Wenhui (0811.HK) with a target price of HKD 12.26, based on a current price of HKD 9.07 [1][3]. Core Views - The company is positioned as a leading publisher in the southwestern region of China, with a strong focus on educational materials and a stable dividend policy [10][27]. - The K12 student population in Sichuan province is expected to remain resilient in the short term, despite a decline in birth rates since 2020, due to the lag effect in enrollment numbers [2][21]. - The company has maintained a robust dividend payout ratio of over 30%, providing a dividend yield of approximately 5% based on current stock prices [2][3]. Summary by Sections Company Overview - Xinhua Wenhui is the only enterprise in Sichuan province with the qualification to distribute K12 textbooks, actively exploring diversified services in reading and education [10][11]. - The company operates 15 wholly-owned publishing units, covering various publishing categories including books, periodicals, and digital media [11][27]. K12 Student Population and Market Recovery - The K12 student population in Sichuan is projected to remain stable for 2024-2025, with expected enrollment numbers reflecting past birth rates [2][21]. - The retail book market is gradually recovering, with online sales channels contributing significantly to growth [24][26]. Publishing Leadership and Dividend Stability - The company is a regional leader in publishing, with extensive cooperative resources and a diversified publishing strategy [27]. - The company has consistently maintained a dividend payout ratio above 30%, with a stable dividend policy that rewards shareholders [2][3]. Earnings Forecast and Valuation - Earnings per share (EPS) are projected to be CNY 1.41, CNY 1.53, and CNY 1.65 for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 5.9, 5.4, and 5.0 [3][4]. - The company is expected to benefit from favorable tax policies and the ongoing development of educational information technology, enhancing its growth prospects [3][4].

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的內容概不負責，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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. 新華文軒出版傳媒股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 2024年第一季度報告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董事 會」）欣然呈遞本公司及其附屬公司（統稱「本集團」）截至2024年3月31日止第一季 度（「本期間」或「本報告期」）未經審計業績（「第一季度報告」）。本公告乃根據香 港聯合交易所有限公司（「聯交所」）證券上市規則第13.09(2)條及第13.10B條以及 香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文作出。 一、重要內容提示 公司董事會、監事會及董事、監事、高級管理人員保證第一季度報告內容的真 實、準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶 的法律責任。 公司負責人周青先生、主 ...

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) 香港交易所股份代號: 00811 上海證券交易所股份代號: 601811 2 0 2 3 ...

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的內容概不負責，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份內容而產生或因倚 賴該等內容而引致的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） 截至2023年12月31日止年度業績公告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）之董事（「董事」）會（「董事 會」）欣然公布本公司及其附屬公司（統稱「本集團」）截至2023年12月31日止年度 （「本年度」或「報告期」）的經審核合併業績。 合併資產負債表 2023年12月31日 人民幣元 2023年 2022年 項目 附註 12月31日 12月31日 流動資產： 貨幣資金 5 9,117,663,825.52 7,801,800,506.62 ...

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份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 XINHUA WINSHARE PUBLISHING AND MEDIA CO., LTD. 新華文軒出版傳媒股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：811） 2023年第三季度報告 新華文軒出版傳媒股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董事 會」）欣然呈遞本公司及其附屬公司（統稱「本集團」）截至2023年9月30日止九個月 未經審計業績（「第三季度報告」）。本公告乃根據香港聯合交易所有限公司（「聯交 所」）證券上市規則第13.09(2)條及第13.10B條以及香港法例第571章證券及期貨條 例第XIVA部項下之內幕消息條文作出。 一、重要內容提示 公司董事會、監事會及董事、監事、高級管理人員保證第三季度報告內容的真 實、準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶 的法律責任。 公司負責人周青先生、主管會計工作負責人馬曉峰先生及會 ...