Central China Land Media Co Ltd

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Zhongyuan Media's 2026 interim net profit was 506 million yuan, down 4.92% year-on-year

Zhongyuan Media released its 2026 interim report, with net profit attributable to the parent company of 506 million yuan, down 4.92% from the same period last year. The company's total operating revenue was 4.216 billion yuan, down 7.83% year-on-year; net cash inflow from operating activities was 874 million yuan, down 27.52% year-on-year. The company's latest gross margin was 39.62%, marking eight consecutive years of growth; its latest return on equity was 4.19%, down 0.47 percentage points from the same period last year. Diluted earnings per share were 0.49 yuan, down 4.93% year-on-year.

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Zhongyuan Media First-Half Report: Profit Structure Optimized, Digital Transformation Accelerates

Zhongyuan Media disclosed its 2026 semi-annual report, achieving operating revenue of 4.216 billion yuan, net profit attributable to shareholders of the listed company of 506 million yuan, and non-GAAP net profit of 505 million yuan, accounting for 99.83 percent of net profit attributable to the parent company. The company said the decline in performance was the combined result of industry cyclicality and proactive business structure adjustments. Revenue from low-margin materials sales was sharply reduced to 536 million yuan, while distribution business revenue remained steady at 3.592 billion yuan. Overall gross margin rose against the trend by 1.48 percentage points to 39.62 percent. As the ballast of performance, the textbook and supplementary materials business has secured the single-source procurement of free compulsory education textbooks in Henan Province from autumn 2024 to spring 2027. Its subsidiary Henan Xinhua Bookstore is the only entity in the province qualified to distribute primary and secondary school textbooks. In digital transformation, the overall development of the smart education platform for primary and secondary schools has been completed, and 31 interactive reading products have been launched. Spring 2026 circulation reached 1.12 million copies, up 31 percent from autumn 2025. The company invested 7.9349 million yuan in research and development in the first half of the year, made total credit impairment and asset impairment provisions of 88.53 million yuan, and will not distribute profits for the half year.

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Central China Media's net profit for the first half of 2026 was 506 million yuan

Central China Media disclosed its semi-annual report for 2026. In the first half of the year, total operating revenue was 4.216 billion yuan, down 7.83 percent year on year. Net profit attributable to the parent company was 506 million yuan, down 4.92 percent year on year. Net profit after deducting non-recurring items was 505 million yuan, down 4.44 percent year on year. Net cash flow from operating activities was 874 million yuan, down 27.52 percent year on year. Basic earnings per share were 0.4941 yuan, and the weighted average return on equity was 4.16 percent. Based on the closing price on August 21, the company's price-to-earnings ratio on a trailing twelve-month basis was about 9.14 times, the price-to-book ratio was about 1.02 times, and the price-to-sales ratio on a trailing twelve-month basis was about 1.37 times.

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Zhongyuan Media Deputy General Manager Liu Yongmin Under Investigation and Detained

Zhongyuan Media announced that its deputy general manager Liu Yongmin has been placed under investigation and subjected to detention measures by the supervisory authorities. The company has made proper arrangements for the work previously handled by Liu Yongmin. Other directors and senior management are performing their duties as normal, and production and operations have not been affected. As of the date of the announcement, the company has not been informed of the progress or conclusions of the investigation. Liu Yongmin has served as deputy general manager of Zhongyuan Media since March 3, 2025. The 2025 annual report shows his pre-tax total compensation was 333,500 yuan. The company's total operating revenue for the full year 2025 was 9.351 billion yuan, a year-on-year decline of 5.12 percent. First-quarter 2026 operating revenue was 1.876 billion yuan, a year-on-year decline of 2.1 percent.

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