Zhongtai Securities: The publishing industry is gradually recovering, offering both offensive and defensive attributes.
It is advisable to focus on state-owned publishing companies with significant regional advantages and channels whose value is expected to be continuously unlocked.
Zhejiang Publishing & Media Co., Ltd.: First Quarter Report for 2026
Announcement by Zhejiang Publishing & Media Co., Ltd. on Key Operating Data for the First Quarter of 2026
First Quarter Report of Zhejiang Publishing & Media Co., Ltd. for 2026
Zhejiang Publishing Media (601921.SH) reported a net profit of 130 million yuan in the first quarter, representing a year-on-year decline of 19.22%.
According to the report by Gelonghui on April 28, Zhejiang Publishing Media (601921.SH) released its Q1 2026 financial report. The company achieved operating revenue of 2.45 billion yuan in the first quarter, representing a year-on-year decline of 7.62%; net profit attributable to shareholders was 130 million yuan, marking a year-on-year decrease of 19.22%; non-recurring net profit attributable to shareholders was 77.8096 million yuan, reflecting a year-on-year drop of 42.34%. Basic earnings per share were 0.0587 yuan.
Zhongtai Securities: The HALO framework reevaluates the value of scarcity assets, and the commercial value of publishing companies is expected to be reassessed.
The bank is optimistic about investment opportunities in companies with well-established offline channel systems and significant content advantages in niche fields.
Zhejiang Media Group's revenue reached 10.544 billion yuan in 2025, with online sales accounting for over 27% for the first time.
Online sales accounted for 27.08%, marking a significant increase, while R&D expenses surged by 71.92%. The company is transitioning towards a dual-driven model focusing on content and channel innovation.
Zhejiang Publishing & Media Co., Ltd.: Summary of the 2025 Annual Report
Zhejiang Publishing & Media Co., Ltd.: 2025 Annual Report
Annual Report 2025 of Zhejiang Publishing & Media Co., Ltd.
Summary of the 2025 Annual Report of Zhejiang Publishing & Media Co., Ltd.
Announcement by Zhejiang Publishing & Media Co., Ltd. on Key Operating Data for 2025
Zhejiang Publishing Media (601921.SH): Net profit increased by 18.76% year-on-year in 2025, proposing a dividend of 2.2 yuan per 10 shares.
Gelonghui reported on March 30 that Zhejiang Publishing Media (601921.SH) released its 2025 annual report. The company achieved total revenue of 10.544 billion yuan for the year, representing a year-on-year decline of 5.80%; net profit attributable to shareholders of 1.286 billion yuan, up 18.76% year-on-year; non-recurring net profit attributable to shareholders of 1.015 billion yuan, down 8.92% year-on-year; and a cash dividend of 2.2 yuan per 10 shares to all shareholders.
Express News | The Shanghai Stock Exchange has accepted the STAR Market IPO application of Unitree Technology, with nearly 20 listed companies replying on platforms such as Interactive Easy regarding their participation in investment.
Express News | Zhejiang Digital Culture: Completion of the Acquisition of 6% Stake in Zhejiang Publishing Media
Zhejiang Media Group (601921.SH): Directors Dong Liguo and Ye Guobin resign.
Gelonghui, December 12th ─ Zhejiang Publishing Media (601921.SH) announced that recently, the company's board of directors received resignation reports from directors Dong Liguo and Ye Guobin. Due to work adjustments, Mr. Dong Liguo has resigned from his positions as a director of the company and as a member of the Board Risk Control and Audit Committee, while Mr. Ye Guobin has resigned from his positions as a director of the company and as a member of the Board Editorial Committee. In accordance with the relevant provisions of the "Company Law" and the "Shanghai Stock Exchange Listing Rules," the resignation reports became effective upon delivery to the company’s board of directors. After stepping down from the aforementioned positions, Mr. Dong Liguo and Mr. Ye Guobin will no longer hold any positions within the company.
Zhejiang Media Group (601921.SH): The first-phase paid-in capital of the fund, amounting to RMB 101 million, has been fully received.
Gelonghui, November 12th ┃ Zhejiang Publishing Media (601921.SH) announced that recently, the company received a notice from the fund manager, Star Road Investment, confirming that the first tranche of capital contributions for the fund has been fully received. The total amount of the first tranche is RMB 101 million (of which Zhejiang Publishing Media contributed RMB 50 million as its first tranche). This fund investment aligns with Zhejiang Publishing Media's long-term development strategy and will help broaden its industrial investment channels, providing momentum and support for sustainable and high-quality growth.
Zhejiang Media: Zhejiang Publishing and Media Co., Ltd. Report for the Third Quarter of 2025
Zhejiang Publishing & Media Co., Ltd. Report for the Third Quarter of 2025
Announcement of Zhejiang Publishing & Media Co., Ltd. on the main operating data for the first three quarters of 2025