C 
China Publishing & Media Holdings Co 601949.SS · CNY
Communication Services · Shanghai · 🇨🇳 China
5.64
-1.74%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥5.33bn
FY2016FY2025
Net income
CN¥647.2m
FY2016FY2025
Free cash flow
CN¥622.7m
FY2016FY2025
Shareholders' equity
CN¥10.05bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.33bn | CN¥6.12bn | CN¥6.30bn | CN¥6.14bn | CN¥6.32bn | CN¥5.96bn | CN¥6.40bn | CN¥5.34bn | CN¥4.70bn | CN¥4.16bn |
| Gross profit | CN¥1.86bn | CN¥1.96bn | CN¥1.92bn | CN¥1.83bn | CN¥1.86bn | CN¥1.82bn | CN¥1.86bn | CN¥1.65bn | CN¥1.52bn | CN¥1.35bn |
| Research and development | CN¥38.4m | CN¥43.9m | CN¥54.5m | CN¥44.0m | CN¥54.4m | CN¥49.2m | CN¥46.0m | CN¥33.9m | CN¥27.9m | — |
| Operating income | CN¥620.2m | CN¥883.1m | CN¥906.8m | CN¥724.2m | CN¥738.5m | CN¥834.7m | CN¥796.2m | CN¥661.0m | CN¥313.3m | CN¥166.7m |
| Net income | CN¥647.2m | CN¥644.0m | CN¥967.1m | CN¥650.5m | CN¥780.9m | CN¥741.0m | CN¥703.3m | CN¥602.4m | CN¥530.7m | CN¥581.0m |
| Diluted earnings per share | 0.34 | 0.34 | 0.51 | 0.36 | 0.42 | 0.41 | 0.39 | 0.33 | 0.34 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.30bn | CN¥16.10bn | CN¥15.63bn | CN¥14.86bn | CN¥14.50bn | CN¥13.78bn | CN¥13.21bn | CN¥11.73bn | CN¥10.93bn | CN¥8.98bn |
| Cash and short-term investments | — | CN¥4.51bn | CN¥5.85bn | CN¥4.35bn | CN¥6.06bn | CN¥5.27bn | CN¥5.79bn | CN¥4.56bn | CN¥4.78bn | CN¥3.34bn |
| Total liabilities | CN¥5.19bn | CN¥5.43bn | CN¥5.30bn | CN¥5.65bn | CN¥5.63bn | CN¥5.48bn | CN¥5.50bn | CN¥4.63bn | CN¥4.29bn | CN¥3.93bn |
| Debt | CN¥304.9m | CN¥357.9m | CN¥80.6m | CN¥475.2m | CN¥708.2m | CN¥602.0m | CN¥507.9m | CN¥253.7m | CN¥254.7m | CN¥255.6m |
| Shareholders' equity | CN¥10.05bn | CN¥9.60bn | CN¥9.26bn | CN¥8.17bn | CN¥7.74bn | CN¥7.19bn | CN¥6.65bn | CN¥6.14bn | CN¥5.73bn | CN¥4.30bn |
| Shares outstanding | 1,904m | 1,902m | 1,904m | 1,823m | 1,865m | 1,824m | 1,823m | 1,852m | 1,582m | 1,383m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥802.6m | CN¥586.1m | CN¥856.5m | CN¥1.18bn | CN¥1.06bn | CN¥968.0m | CN¥793.5m | CN¥632.8m | CN¥341.5m | CN¥431.9m |
| Capital spending | −CN¥179.9m | −CN¥537.6m | −CN¥46.3m | −CN¥1.18bn | −CN¥136.8m | −CN¥138.9m | −CN¥283.7m | −CN¥263.9m | −CN¥252.8m | −CN¥388.6m |
| Free cash flow | CN¥622.7m | CN¥48.5m | CN¥810.2m | CN¥923,800 | CN¥925.2m | CN¥829.0m | CN¥509.8m | CN¥368.9m | CN¥88.6m | CN¥43.3m |
| Dividends paid | −CN¥200.4m | −CN¥292.3m | −CN¥196.8m | −CN¥235.1m | −CN¥222.6m | −CN¥211.4m | −CN¥182.3m | −CN¥164.9m | −CN¥91.9m | −CN¥131.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.23bn | CN¥692.9m | CN¥2.12bn | CN¥1.11bn | CN¥1.28bn | CN¥819.6m | CN¥2.33bn | CN¥1.32bn |
| Gross profit | CN¥407.7m | CN¥188.5m | CN¥827.1m | CN¥352.2m | CN¥359.3m | CN¥246.7m | CN¥788.7m | CN¥475.3m |
| Operating income | CN¥114.8m | −CN¥119.0m | CN¥398.0m | CN¥17.2m | CN¥168.5m | −CN¥31.2m | CN¥479.8m | CN¥201.2m |
| Net income | CN¥115.8m | −CN¥100.4m | CN¥409.0m | CN¥105.3m | CN¥161.5m | −CN¥28.6m | CN¥330.9m | CN¥156.9m |
| Diluted earnings per share | 0.06 | -0.05 | 0.21 | 0.06 | 0.08 | -0.02 | 0.17 | 0.08 |
| Cash from operations | — | — | — | CN¥251.0m | CN¥69.0m | −CN¥318.0m | — | CN¥201.0m |
| Capital spending | −CN¥7.0m | −CN¥13.0m | −CN¥71.0m | −CN¥85.0m | −CN¥14.0m | −CN¥8.0m | −CN¥261.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥166.0m | CN¥55.0m | −CN¥326.0m | — | CN¥197.0m |
| Total assets | CN¥16.37bn | CN¥16.06bn | CN¥16.30bn | CN¥16.03bn | CN¥16.04bn | CN¥15.81bn | CN¥16.10bn | CN¥15.80bn |
| Cash and short-term investments | — | — | — | CN¥4.50bn | CN¥4.58bn | CN¥4.33bn | CN¥4.51bn | CN¥3.98bn |
| Debt | CN¥381.7m | CN¥304.9m | CN¥304.9m | CN¥25.1m | CN¥309.9m | CN¥310.5m | CN¥310.5m | CN¥57.0m |
| Shareholders' equity | CN¥10.06bn | CN¥9.95bn | CN¥10.05bn | CN¥9.64bn | CN¥9.73bn | CN¥9.57bn | CN¥9.60bn | CN¥9.29bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.8% | 32.0% | 30.5% | 29.8% | 29.5% | 30.5% |
| Operating margin | 11.6% | 14.4% | 14.4% | 11.8% | 11.7% | 14.0% |
| Net margin | 12.1% | 10.5% | 15.4% | 10.6% | 12.4% | 12.4% |
| Return on equity | 6.4% | 6.7% | 10.4% | 8.0% | 10.1% | 10.3% |
| Return on assets | 4.0% | 4.0% | 6.2% | 4.4% | 5.4% | 5.4% |
| Free cash flow yield | 8.7% | 10.0% | 8.0% | 21.9% | 10.9% | 10.3% |
| Revenue growth | -12.8% | -2.8% | 2.6% | -2.8% | 6.1% | -6.8% |
| Earnings growth | 0.5% | -33.4% | 48.7% | -16.7% | 5.4% | 5.4% |
| Current ratio | 2.17x | 2.46x | 2.28x | 2.01x | 2.50x | 2.40x |
| Debt to equity | 0.03x | 0.03x | 0.01x | 0.00x | 0.08x | 0.05x |
| Equity ratio | 61.7% | 59.6% | 59.3% | 55.0% | 53.4% | 52.2% |
| Interest coverage | 63.70x | 59.16x | 53.10x | 32.36x | 26.04x | 89.34x |
| R&D as a share of sales | 0.7% | 0.7% | 0.9% | 0.7% | 0.9% | 0.8% |
| Buybacks as a share of market value | -0.1% | 0.1% | -4.5% | 2.3% | -2.3% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | -2.2% | 2.7% |
| Operating income | -5.0% | -5.8% | 3.2% |
| Net income | -0.2% | -2.7% | -0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.3% | 31.7% | 31.1% | 31.4% |
| Operating margin | 13.1% | 13.1% | 13.0% | 11.7% |
| Net margin | 11.3% | 12.2% | 12.2% | 12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.0 | 21.2 | 15.9 | 14.0 | 13.9 | 13.9 | 16.4 | 13.5 | 22.4 |
| Price to sales | 2.3 | 2.2 | 2.4 | 1.5 | 1.7 | 1.7 | 1.8 | 1.5 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 23 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.102 | 0.102 | 0.153 | 0.108 | 0.129 | 0.122 | 0.116 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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