Xinhua Winshare Publishing and Media Company (811) H2 2024 earnings summary

Executive summary

• Operating income reached RMB12,329 million, up 3.88% year-over-year, mainly due to growth in general book sales.

• Net profit was RMB1,604 million, down 1.52% year-over-year, impacted by changes in enterprise income tax exemption policy.

• Gross profit margin declined to 36.71% from 38.04% last year, reflecting changes in sales structure.

• Earnings per share was RMB1.25, a decrease of 2.34% from the prior year.

Financial highlights

• Revenue: RMB12,329 million (up 3.88% year-over-year).

• Net profit: RMB1,604 million (down 1.52% year-over-year).

• Operating costs: RMB7,803 million (up 6.11% year-over-year).

• Gross profit margin: 36.71% (down 1.33 percentage points year-over-year).

• Net cash inflow from operating activities: RMB1,772 million (down 24.67% year-over-year).

• Dividend proposed: RMB0.41 per share, totaling RMB505.9 million.

Outlook and guidance

• Focus on high-quality development, digital transformation, and strengthening core publishing and education services.

• Plans to enhance content supply, educational services, reading services, and supply chain capabilities.

• Continued investment in technology and capital management to drive growth.