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Hunan's state publishing group, dominant in K-12 textbook publishing plus general books and printing across the province.
Hunan's state publishing group, dominant in K-12 textbook publishing plus general books and printing across the province.
Is paid mainly for textbooks and teaching materials sold to schools through provincial education procurement, where prices follow government guidance and demand follows student numbers. General books, printing and the province's bookstore chain add to it. Hunan's provincial government controls it.
In one line: A Chinese state-owned McGraw-Hill/Scholastic.
Moat: narrow (regulatory licence, distribution). Provincial licence for compulsory-education textbooks plus a dedicated bookstore network.
Headquarters: Changsha, Hunan, China · Employees: 13,419
Size China South Publishing & Media (601098.SS) is a China Communication Services company (Publishing: Books/Magazines) with a market value of $3.11B, the 833rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.56 on 6 Nov 2026.
Performance Over six months the shares gained 1.7%, against +4.8% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 18 in its peer set.
Growth Revenue fell 0.8% over the last twelve months (peer median -2.3%); the operating margin is 11.4% (peer median 9.6%).
Valuation It trades at 13.6× forward earnings against a peer median of 15.7× (7th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 39.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.4B | CN¥12.6B | CN¥13.4B | CN¥13.6B | CN¥12.4B |
| Revenue growth | — | -6% | -1% | +9% | — |
| Gross profit | CN¥5.64B | CN¥5.36B | CN¥5.73B | CN¥5.47B | CN¥5.13B |
| EBITDA | n/a | CN¥1.79B | CN¥1.81B | CN¥1.61B | CN¥1.58B |
| Net income | CN¥1.52B | CN¥1.59B | CN¥1.37B | CN¥1.85B | CN¥1.40B |
| Free cash flow | CN¥854M | -CN¥1.56B | CN¥1.41B | CN¥1.51B | CN¥1.57B |
| Capital expenditure | CN¥272M | CN¥406M | CN¥618M | CN¥545M | CN¥425M |
| Total debt | CN¥188M | CN¥292M | CN¥205M | CN¥241M | CN¥507M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China South Publishing & Media 601098.SS | $3.11B | +2% | -1% | 11% | 13.6× | -20.2% |
| Jiangsu Phoenix Publishing & Media 601928.SS | $3.60B | 0% | -13% | 7% | 15.4× | -7.9% |
| Southern Publishing & Media 601900.SS | $2.09B | +27% | -3% | 16% | 11.6× | -10.2% |
| Shandong Publishing & Media 601019.SS | $2.41B | +3% | -8% | 8% | 12.2× | -14.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601098.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.3% | +9.1% | 8th highest of 18 |
| 6-month return | +1.7% | +4.8% | 8th lowest of 18 |
| Distance from 52-week high | -6.6% | -12.0% | 6th highest of 18 |
| Revenue growth (TTM) | -0.8% | -2.3% | 9th highest of 18 |
| Operating margin | 11.4% | 9.6% | 7th highest of 18 |
| Forward P/E | 13.6× | 15.7× | 7th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -20.2% | 0.6% | least demanding of 17 |
| Growth delivered (Del g) | +3.8% | +1.1% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -24.0 pp | -0.3 pp | least demanding of 17 |
| ROIC minus cost of capital | +39.0 pp | +4.1 pp | highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China South Publishing & Media 601098.SS | China | $3.11B | +2% | -1% | 11% | 13.6× | -20.2% | +3.8% |
| China Literature 0772.HK | Hong Kong | $3.18B | -9% | +12% | 2% | 34.3× | 40.8% | -3.6% |
| Kadokawa 9468.T | Japan | $3.02B | -2% | +3% | 2% | 101.9× | 25.1% | +6.1% |
| Central China Land Media 000719.SZ | China | $2.91B | +5% | -10% | 13% | 10.5× | -8.9% | -0.5% |
| Zhejiang Publishing & Media 601921.SS | China | $2.71B | +7% | -7% | 10% | 14.0× | -12.6% | +1.5% |
| Jiangsu Phoenix Publishing & Media 601928.SS | China | $3.60B | 0% | -13% | 7% | 15.4× | -7.9% | +0.5% |
| John Wiley & Sons WLY | United States | $2.55B | +21% | 0% | 18% | 10.5× | 0.3% | -2.9% |
| Shandong Publishing & Media 601019.SS | China | $2.41B | +3% | -8% | 8% | 12.2× | -14.1% | +2.9% |
| China Science Publishing & Media 601858.SS | China | $2.31B | -23% | 0% | 10% | 31.4× | 25.2% | +3.6% |
| Southern Publishing & Media 601900.SS | China | $2.09B | +27% | -3% | 16% | 11.6× | -10.2% | +4.7% |
| Springer Nature AG & Co. KGaA SPG.DE | Germany | $4.80B | +10% | +3% | 22% | 13.0× | -6.5% | +3.4% |
| Changjiang Publishing & Media 600757.SS | China | $1.67B | +6% | -3% | 11% | 9.9× | -9.5% | +1.2% |
| China Publishing & Media 601949.SS | China | $1.64B | -2% | -10% | 3% | 15.9× | 6.3% | -2.1% |
| Chinese Universe Publishing & Media 600373.SS | China | $1.57B | -6% | -5% | -4% | 26.0× | n/a | n/a |
| Heilongjiang Publishing & Media 605577.SS | China | $1.03B | +37% | +2% | 7% | n/a | 3.2% | -0.5% |
| Storytel STORY-B.ST | Sweden | $1.01B | +37% | +9% | 12% | 20.2× | 12.0% | +12.5% |
| Citic Press 300788.SZ | China | $958M | -6% | -2% | 1% | 42.0× | 26.8% | -2.1% |
| Pearson PSON.L | United Kingdom | $10.4B | +18% | +3% | 15% | 18.4× | 0.9% | +1.0% |