Thinkingdom Media Group 新经典
No significant filings since 1 Jun 2026.
自 1 Jun 2026 起无重大公告。
Price History 价格走势
1,250 trading days 个交易日 · High 最高 ¥28.10 · Low 最低 ¥11.29As of 25 Sep 2026 截至2026年9月25日
Thinkingdom Media Group 新经典 is a publishing company listed on the Shanghai Stock Exchange since 25 Apr 2017. The company reported a revenue decline of 21.2% in 2025 to RMB646.2m, with attributable net profit falling 39.2% to RMB77.0m. Profit quality is weak, as operating cash flow per share was -RMB0.22 in 2025, compared to RMB0.24 in 2024. The operating cash flow to net profit ratio was -0.44x, indicating a cash outflow during a profit year. Despite the decline, the company maintains a strong balance sheet with a liabilities to assets ratio of 4.5% and current and quick ratios of 19.56 and 17.52, respectively, as of 30 Jun 2026. Revenue and profit declines continue into the first half of 2026, though at a slower pace. The company paid a dividend of RMB0.60 per share in June 2026.
新经典是一家出版行业公司，于2017年4月25日在上海证券交易所上市。2025年营业收入为6.46亿元，同比下降21.2%；归属于母公司股东的净利润为7,700.3万元，同比下降39.2%。2025年每股经营现金流为-0.22元，2024年为0.24元，经营现金流与净利润之比为-0.44倍，显示盈利年份出现经营现金流出，利润质量偏弱。截至2026年6月30日，资产负债率为4.5%，流动比率19.56，速动比率17.52，短期偿债能力较强。2026年上半年收入与利润继续下滑，但降幅收窄。公司于2026年6月5日每股派发现金0.60元。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Operating cash outflow 经营现金净流出 | The company generated an operating cash outflow in 2025. 公司2025年经营现金流为净流出。 | Despite reporting a net profit of RMB77.0m, the company had negative operating cash flow per share at -RMB0.22. This mismatch suggests earnings are not converting into cash, which could limit internal funding for operations or dividends. A ratio of -0.44x between operating cash flow and net profit highlights weak profit quality. 尽管公司2025年实现净利润7,700.3万元，但每股经营现金流为-0.22元。盈利未转化为现金流入，可能影响运营或分红的内生资金支持。经营现金流与净利润之比为-0.44倍，反映利润质量较弱。 |
| Revenue down 20% or more on the year before 营业收入同比下降20%或以上 | Revenue declined by more than 20% year-on-year in 2025. 2025年营业收入同比下滑超20%。 | Revenue fell from RMB820.5m in 2024 to RMB646.2m in 2025, a drop of 21.2%. This sharp decline may reflect weakening demand, loss of market share, or reduced publishing activity. Such a trend, if sustained, threatens profitability and long-term viability. 营业收入从2024年的8.21亿元降至2025年的6.46亿元，同比下滑21.2%。大幅下降可能反映市场需求减弱、市占率下降或出版活动减少。若趋势持续，将威胁盈利能力和长期经营。 |
- Whether operating cash flow per share turns positive in the 2026 full-year report.
2026年全年报告中每股经营现金流是否转为正值。 - The year-on-year change in revenue for the full year 2026.
2026年全年营业收入的同比变化。 - The year-on-year change in attributable net profit for the full year 2026.
2026年全年归属于母公司股东的净利润的同比变化。 - The level of receivable days as of 31 Dec 2026.
截至2026年12月31日的应收账款周转天数。 - The level of inventory days as of 31 Dec 2026.
截至2026年12月31日的存货周转天数。 - The announcement of any new dividend distribution for 2026.
是否公布2026年度新的分红方案。
- Company: Thinkingdom Media Group 新经典, Shanghai Stock Exchange 603096; industry Publishing; listed 25 Apr 2017.
公司：新经典，上海证券交易所 603096；行业：出版；上市日期：2017年4月25日。 - Close on 24 Sep 2026 RMB15.96; close on 24 Sep 2025 RMB17.76, RMB17.08 in today's terms; one-year change, adjusted for distributions and share changes -6.6%.
2026年9月24日收盘价15.96元；2025年9月24日收盘价17.76元（前复权17.08元）；一年涨跌幅（复权）-6.6%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB13.02 to RMB19.40.
52周区间（前复权）13.02元至19.40元。 - Market capitalisation RMB2.46bn; P/E TTM 33.1; price to book 1.36x.
总市值24.62亿元；市盈率（TTM）33.1；市净率1.36倍。 - Revenue 2025 RMB646.2m; 2024 RMB820.5m; change -21.2%.
营业收入2025年6.46亿元；2024年8.21亿元；同比-21.2%。 - Attributable net profit 2025 RMB77.0m; 2024 RMB126.6m; change -39.2%.
归属于母公司股东的净利润2025年7,700.3万元；2024年1.27亿元；同比-39.2%。 - Net profit excluding non-recurring items, 2025 change -42.6%.
2025年扣除非经常性损益后的净利润同比-42.6%。 - Basic EPS 2025 RMB0.50; 2024 RMB0.78.
基本每股收益2025年0.50元；2024年0.78元。 - Operating cash flow per share 2025 -RMB0.22; 2024 RMB0.24; operating cash flow to net profit -0.44x.
每股经营现金流2025年-0.22元；2024年0.24元；经营现金流与净利润之比-0.44倍。 - 2025 gross margin 49.5%; net margin 12.1%; ROE 4.1%.
2025年毛利率49.5%；净利率12.1%；净资产收益率4.1%。 - At 30 Jun 2026: liabilities to assets 4.5%; current ratio 19.56; quick ratio 17.52; receivable days 71; inventory days 184.
截至2026年6月30日：资产负债率4.5%；流动比率19.56；速动比率17.52；应收账款周转天数71；存货周转天数184。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB288.6m, change -8.4%; attributable net profit RMB44.2m, change -5.8%; operating cash flow per share RMB0.05.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入2.89亿元，同比-8.4%；归母净利润4,416.2万元，同比-5.8%；每股经营现金流0.05元。 - Ownership: actual controller 陈明俊,陈李平; controlling shareholder 陈明俊; largest holder at 30 Jun 2026: 陈明俊, 56.79%.
股权：实际控制人：陈明俊,陈李平；控股股东：陈明俊；2026年6月30日第一大股东：陈明俊，持股56.79%。 - Latest distribution: ex-date 5 Jun 2026, cash RMB0.60 per share.
最近一次分配：除权除息日2026年6月5日，每股现金0.60元。 - Aurelian Grade C, score 66.4 of 100, graded within a peer group of 28 companies in its industry; no rank among peers is given.
金源评级C，得分66.4（满分100），于行业同业28家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。