Xinhua Winshare

Xinhua Winshare Publishing and Media Co., Ltd. is a subsidiary of Sichuan Xinhua Publishing and Distribution Group Co., Ltd. The latter is a large state-owned cultural industry group primarily engaged in publication, distribution, and education, also integrating cultural tourism, cultural finance, film and television media, and cultural real estate development. It was established with the approval of the Sichuan Provincial Party Committee and the Provincial Government as a wholly state-owned cultural industry group, designated as one of the first batch of national cultural system reform pilot units and one of the 79 large enterprises and groups cultivated by the Sichuan Provincial Party Committee and the Provincial Government. Since 2008, the group has been selected for the "Top 30 Chinese Cultural Enterprises" list six times. In recent years, the group has conscientiously implemented the decisions and deployments of the central government and provincial party committee and government on comprehensively deepening reforms and promoting the development of the cultural industry, fully launching strategies to revitalize Sichuan publishing and physical bookstores, focusing on building investment and financing platforms, and promoting transformation and upgrading through "internet operation" and "capital operation" to explore a diversified development pattern. Currently, the group owns 12 second-tier subsidiaries, 2 branches, and 1 associated company, including Xinhua Winshare Publishing and Media Co., Ltd., Sichuan Xinhua Haiyi Hotel Co., Ltd., and Sichuan Xinhua Culture Land Group Co., Ltd. Xinhua Winshare Publishing and Media Co., Ltd. (hereinafter referred to as "Winshare") was initiated and established by the Sichuan Xinhua Publishing and Distribution Group in 2005, and was listed on the main board of the Hong Kong Stock Exchange in May 2007, becoming the first H-share listed company in the domestic publishing industry. In August 2010, Winshare acquired 15 publishing units under the Sichuan Publishing Group through market-oriented methods, connecting the publishing and distribution industry chain. In August 2016, Winshare successfully returned to A-shares, becoming the first "A+H" publishing media enterprise in China. As one of the first batch of enterprises resulting from China's cultural system reform, Winshare's reform and development have always been at the forefront of the country, making it a pacesetter in China's publishing and distribution industry, a leading enterprise in the western region's publishing media industry, and a leading cultural industry enterprise in Sichuan. Winshare is committed to inheriting Chinese civilization and leading industrial development, deeply cultivating the publishing and distribution industry chain, and laying out layout in publishing, newspapers and periodicals, printing, logistics, store operations, e-commerce, and educational services, implementing full industry chain operations. Under its umbrella, 11 book publishing units and 13 newspaper and periodical brands create excellent content products; over 150 retail direct-operated stores covering the province, an educational subscription network composed of 114 branches, and over 800 supermarket outlets distributed across first-tier cities nationwide build a strong physical sales network; Winshare has established national logistics distribution networks with bases in Chengdu, Beijing, and Wuxi to support the rapid development of online and offline businesses; its printing business and printing materials sales hold a leading position in the southwest region; while consolidating its core advantages in traditional publishing and distribution, Winshare has launched Winshare.com, September.com, and the China Publishing and Distribution Trading Cloud Platform, becoming a leading brand in the national electronic commerce field for publications and driving the upgrading and transformation of the domestic publishing and distribution industry; Winshare has developed the leading "Youke" digital classroom and built the Sichuan educational resource cloud platform, making it a major promoter of educational informatization in China. While developing its main publishing and distribution business, Winshare also ventures into cultural entertainment industries such as film and television, art, and music; at the same time, it actively carries out cultural "going global" business, promotes the combination of culture and finance, conducts capital operations, expands into new markets, creates new profit growth points, and provides new momentum for enterprise development. Since its establishment, Winshare's sales revenue and profits have steadily increased each year, achieving sales revenue of 10.93 billion yuan and net profit of 1.39 billion yuan in 2022, with total assets reaching 20.65 billion yuan. It currently has 33 wholly-owned and holding subsidiaries, with nearly 8,000 employees. Winshare's reform and development have achieved remarkable results, earning honors such as "China Publishing Government Award - Advanced Publishing Unit", "National Advanced Collective in Press and Publication System", "National Advanced Unit in Cultural System Reform", "Key National Cultural Export Enterprise", and "Demonstration Unit for Digital Publishing Transformation". Looking to the future, Winshare will focus on advancing two transformation strategies: transforming from a single publishing and distribution group to a comprehensive publishing media group with a full industry chain, and from a traditional cultural enterprise group to a modern cultural service group. Centering on market competitiveness, cultural influence, and industrial expansion to build core capabilities for enterprise development, it will "strengthen the main business, refine the industry", striving to become a comprehensive cultural service group with international influence.