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Edge1 May 2026
Making the Marlboro Man
The story of Marlboro's transformation from a women's cigarette to a global icon: one of the most effective brand repositionings in history.
JIANGSU PHOENIX PUBLISHING & MEDIA
JIANGSU PHOENIX PUBLISHING & MEDIA (601928) investor relations material
JIANGSU PHOENIX PUBLISHING & MEDIA Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary30 Apr, 2026
Executive summary
Revenue for Q1 2026 was RMB 2.88 billion, down 10.59% year-over-year from Q1 2025.
Net profit attributable to shareholders was RMB 423 million, a decrease of 16.53% year-over-year.
Operating cash flow dropped sharply by 92.73% year-over-year to RMB 22.06 million.
Financial highlights
Total assets at March 31, 2026, were RMB 30.93 billion, up 1.21% from year-end 2025.
Shareholders’ equity increased 2.16% to RMB 20.37 billion compared to year-end 2025.
Basic and diluted EPS for Q1 2026 were RMB 0.1662, down 16.52% year-over-year.
Weighted average ROE was 2.13%, down 0.43 percentage points year-over-year.
Non-recurring profit and loss items contributed RMB 27.24 million to net profit.
Outlook and guidance
Management attributes the decline in revenue and profit to slower sales and delayed cash collection.
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Latest events from JIANGSU PHOENIX PUBLISHING & MEDIA
- Net profit rose 12.37% to RMB 1.80 billion despite a 9.25% revenue decline.601928
Q4 202521 Apr 2026 - Net profit jumped 29.57% to ¥1.59 billion on stable revenue and strong digital growth.601928Q2 202516 Dec 2025
- Net profit fell 45.88% on stable revenue; strong dividend payout and digital focus.601928Q4 202415 Dec 2025
- Net profit dropped 21.5% despite stable revenue, reflecting higher costs and digital investment.601928Q2 202415 Dec 2025
- Net profit dropped over 24% year-over-year as tax exemptions expired and tax expenses rose.601928Q3 202415 Dec 2025
- YTD net profit surged 26.64% despite revenue and cash flow declines.601928Q3 202530 Oct 2025
- Net profit jumped 42.3% year-over-year on higher margins and investment returns.601928Q1 20256 Jun 2025
Next JIANGSU PHOENIX PUBLISHING & MEDIA earnings date
Q2 202628 Aug, 2026
JIANGSU PHOENIX PUBLISHING & MEDIA
Next JIANGSU PHOENIX PUBLISHING & MEDIA earnings date
Q2 202628 Aug, 2026
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