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China South Publishing & Media Group (601098.SH): plans to terminate the China South Education Composite Publishing Project and other fundraising projects.
On December 24, Greentown Holdings announced that China South Publishing & Media Group (601098.SH) plans to terminate the following fundraising projects: "The China South Basic Education Composite Publishing Project", "The National Publication Marketing Channel Construction Project", "The Hunan Xinhua Bookstore Regional Center Store Renovation and Upgrade Project", "The Hunan Xinhua Bookstore E-Commerce Platform Project", and "The China South Publishing & Media Group Publishing and Distribution Information Platform Construction Project". The total amount that has not yet been invested in these projects is 764.9731 million yuan, which will continue to be stored in a special account for raised funds and will be used for new projects after proper evaluation and related review procedures are fulfilled in the future.
Express News | China South Publishing & Media Group: intends to terminate 5 fundraising investment projects, with an uninvested amount of 0.765 billion yuan.
Express News | The social security fund has held 53 stocks continuously, the longest holding for 54 quarters.
China South Publishing & Media Group (601098): Stable income growth, general books significantly outperform large cap.
Event: On October 30, 2024, the company announced the third quarter report for 2024, achieving revenue of 9.366 billion yuan in Q1-Q3 2024, with a year-on-year growth of +1.72%, and a net income attributable to the parent company of 9.57.
China South Publishing & Media Group (601098): Main business is steady, focus on high dividend value.
Income basically met our expectations, while the net income attributable to the parent company was weaker than expected. The company announced its 3Q24 performance: revenue of 2.47 billion yuan, a year-on-year growth of 1.5% (basically in line with our expected 2.6 billion yuan); net income attributable to the parent company was 1.83.
Zhongnan Media Report for the Third Quarter of 2024
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