Xinhua Winshare Publishing and Media Company (811) Q3 2025 earnings summary

Executive summary

• For the nine months ended 30 September 2025, operating income was RMB 7.90 billion, down 6.41% year-over-year.

• Net profit attributable to shareholders was RMB 976.71 million, up 9.60% year-over-year.

• Third quarter net profit declined 41.23% compared to the same quarter last year, mainly due to a decrease in textbook and general book business.

Financial highlights

• Gross profit for the nine months was RMB 2.37 billion, down 10.58% year-over-year.

• Basic and diluted EPS for the nine months were RMB 0.79, up 9.72% year-over-year.

• Net cash flow from operating activities was RMB 870.33 million, up 12.88% year-over-year.

• Total assets at period end were RMB 24.95 billion, up 8.97% from year-end 2024.

• Owners’ equity attributable to shareholders was RMB 14.99 billion, up 2.60% from year-end 2024.

Outlook and guidance

• Profitability in the third quarter was negatively impacted by declines in the textbook and supplementary materials segment, as well as general books.