Xinhua Winshare Q1 2026 Operating Snapshot: Distribution Turnover Hits RMB 2.18 Billion, Publishing Margin at 35.94%

Bulletin Express04-29

Xinhua Winshare Publishing and Media Co., Ltd. released its principal operating statistics for the first quarter of 2026, detailing performance across publishing and distribution segments.

Publishing • Turnover reached RMB 855.06 million, supported mainly by textbooks and supplementary materials. • Segment operating cost stood at RMB 547.77 million, resulting in a gross profit margin of 35.94%. • Within the segment, textbooks and supplementary materials contributed RMB 580.33 million in turnover with a 43.69% gross margin, while general books generated RMB 189.82 million, posting an 18.84% margin.

Distribution • Turnover amounted to RMB 2.18 billion, accounting for the bulk of group revenue. • Operating cost was RMB 1.61 billion, yielding a gross profit margin of 26.23%. • Textbooks and supplementary materials remained the key driver, delivering RMB 1.21 billion in turnover and a 32.55% margin. General books distribution brought in RMB 930.78 million with an 18.37% margin.

The figures underscore the continued dominance of the distribution arm—particularly school-related materials—while the publishing segment maintains a higher margin profile driven by textbook publishing.

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