Xinhua Winshare addresses Q3 performance, dividend strategy after investor briefing

Xinhua Winshare Publishing And Media (SSE:601811) held an online investor briefing on November 26, 2025, to discuss its third-quarter 2025 financial results. The company addressed shareholder concerns regarding its capital allocation strategy, specifically noting a high level of monetary capital and low return. In response, Xinhua Winshare highlighted its commitment to increasing dividend frequency and payout ratios, in line with the "New Nine Rules." The company distributed cash dividends twice in 2024, raising the payout to CNY 6 per 10 shares, and proposed a half-year dividend of CNY 0.19 per share (including tax), totaling CNY 234m (including tax).

Regarding the decline in third-quarter performance, Xinhua Winshare attributed it to industry-wide challenges including structural adjustments in the retail book market, policy changes in the education services sector, and demographic shifts. The company stated its intention to refocus on its core publishing and media business, intensify reforms, and improve the quality of cultural products and services.

When asked about potential share buybacks, Xinhua Winshare confirmed it currently has no such plans but would fulfill information disclosure obligations if any plans emerge. The briefing saw participation from key executives, including deputy party secretary, executive director, and general manager Li Qiang, along with other senior management and independent directors.