据WETURE 9月首周短剧热度榜信息，由阅文短剧出品，改编自阅文男频IP的短剧《这个保镖太无敌了》强势破圈，热度断层领先，稳居周榜TOP1。在短 剧市场竞争日趋白热化的当下，《这个保镖太无敌了》以扎实的剧本设计、极具代入感的角色塑造和超高水准的打戏及特效，精准击中男频观众的核心需 求，在众多短剧作品中突出重围，体现了阅文短剧强大的精品内容创作能力。 资料显示，《这个保镖太无敌了》讲述了学武二十年的林霜下山保护"天药"研发者苏晚乔，成为苏氏集团一名贴身保镖，为守护"天药"林霜与苏晚乔联手与 各大世家势力斗智斗勇，在这个过程中二人暗生情愫，林霜解开了自己的身世之谜，并与杜家清算了恩怨情仇的故事。9月首周，《这个保镖太无敌了》热 度值超1000万，连续斩获了多个日榜热度TOP1，成绩断层领先，影响力领跑行业。 爆款的核心是抓人的故事。据了解，《这个保镖太无敌了》在剧本打磨阶段，阅文的编剧团队与导演至少进行了六轮的剧本精细打磨，一句台词的语气和断 句都可能经历数十次的修改和推敲。因此，这让这部短剧不仅能实现情节的强反转和快节奏，更能让人物行为与表达更加符合其自身的性格逻辑，引发受众 的情感共鸣。 | WETRUE ...

阅文集团(00772)发布公告，该公司于2025年9月12日根据于2021年5月24日批准并于2023年5月22日修订 的2021年购股权计划行使购股权而发行80股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 閱文集團 呈交日期： 2025年9月12日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | | 證券代號 ( ...

Group 1 - Amazon released the "Top 50 Innovative Brands for 2025" in cross-border e-commerce, projecting a 16.9% year-on-year growth in China's cross-border e-commerce export scale to 2.15 trillion yuan in 2024, with significant growth in high-tech products [3][4] - The Middle East is identified as a prime market for Chinese companies looking to expand overseas, with retail spending expected to reach $300 billion and a rapidly growing e-commerce market potentially exceeding $1 trillion [5] - The Chinese micro-short drama industry is accelerating its overseas expansion, with the market size expected to surpass 50 billion yuan in 2024, focusing on cultural elements and diverse content to enhance competitiveness [6] Group 2 - A "Robot Outbound Cooperation Network" was officially launched in Beijing, aimed at promoting the international development of China's robotics industry through strategic partnerships [7] - Southeast Asia's e-commerce market has seen explosive growth, with sales increasing from $4 billion in 2012 to $184 billion in 2024, driven by Chinese companies leveraging supply chain advantages [8] - The rise of a new generation in cross-border e-commerce is reshaping global business, with emotional value and technology becoming core competitive elements [9] Group 3 - Localization in research and development is becoming a key strategy for Chinese brands going overseas, with companies adapting products to meet local demands and enhancing market fit [10] - The global popularity of Chinese metaphysics and feng shui is growing, with a projected market size of $48.7 billion by 2024, driven by emotional consumer needs [12] - Chinese service and logistics robot companies are successfully entering the Japanese market by optimizing technology and localizing strategies [13] Group 4 - Chinese brands are rapidly expanding internationally, transitioning from OEM production to independent innovation, with significant sales growth in Europe and other markets [14] - The new tea beverage sector is emerging as a global force, particularly in Southeast Asia, but faces challenges such as supply chain vulnerabilities and cultural differences [15] - Over 20 Chinese beauty brands have accelerated their overseas sales through Alibaba's AliExpress, with significant growth in markets like Europe and Mexico [17] Group 5 - Chinese companies are entering a new wave of "innovative outbound" strategies, with over 2,000 companies targeting 96 countries, integrating local resources and capabilities [18] - Great Wall Motors has completed its factory in Brazil, enhancing its local service and production capabilities to support its global strategy [20] - AliExpress reports a doubling of sales for Chinese beauty brands in the past year, with a focus on integrating influencer marketing and comprehensive solutions for market entry [21] Group 6 - Meituan's Keeta is rapidly expanding into the Middle East, achieving a 10% market share in Saudi Arabia within five months and planning further regional growth [22] - Reading Group's revenue from IP operations has shown strong growth, with a 68.5% increase in net profit, driven by successful adaptations of popular content [23] - Cainiao is transforming into a global logistics enterprise, focusing on international logistics and technology to support Chinese brands' overseas expansion [25]

Core Viewpoint - The company, Yu Wen Group (00772.HK), announced the issuance of 24,400 shares through the exercise of stock options under the 2021 stock option plan, which was approved on May 24, 2021, and revised on May 22, 2023 [1] Summary by Relevant Sections - Stock Option Plan - The stock option plan was initially approved on May 24, 2021, and later revised on May 22, 2023 [1] - The exercise of stock options will result in the issuance of 24,400 shares [1]

Group 1 - The company,阅文集团, announced the issuance of a total of 24,400 shares on September 10, 2025, as part of the stock option plan approved on May 24, 2021, and revised on May 22, 2023 [1]

FF305 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00772 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | | | 於下列日期開始時的結存(註1) | 2025年9月1日 | | 1,021,398,535 | | 0 | | 1,021,398,535 | | 1). 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 而發行新股或轉讓庫存股份 - 涉及新股 | | | 17,200 | 0.0017 % | HKD | 30 ...

[Company Information](index=3&type=section&id=Company%20Information) [Board of Directors and Committees](index=3&type=section&id=Board%20of%20Directors%20and%20Committees) The company's Board of Directors comprises executive, non-executive, and independent non-executive directors, with established audit, remuneration, nomination, and strategy & investment committees to ensure sound corporate governance - The Board members include executive directors such as Mr. Hou Xiaonan (CEO & President) and Mr. Huang Yan (Senior Vice President), non-executive directors like Mr. Pu Haitao (Chairman), and independent non-executive directors such as Ms. Yu Chuyuan[3](index=3&type=chunk) - The company has established Audit, Remuneration, Nomination, and Strategy & Investment Committees, each with clearly defined chairpersons and members[3](index=3&type=chunk) [Key Contacts and Offices](index=3&type=section&id=Key%20Contacts%20and%20Offices) The company is registered in the Cayman Islands, with its China headquarters in Shanghai and a principal place of business in Hong Kong, detailing important contact information for legal advisors, auditors, share registrars, and principal bankers - The company's registered office is in the Cayman Islands, with its China headquarters and principal place of business in Pudong New Area, Shanghai, and its principal place of business in Hong Kong located in Central[3](index=3&type=chunk)[4](index=4&type=chunk)[5](index=5&type=chunk) - Legal advisors are Clifford Chance and Maples and Calder, and the auditor is PricewaterhouseCoopers[3](index=3&type=chunk) - The Hong Kong share registrar is Computershare Hong Kong Investor Services Limited, and the principal bank is Bank of Communications Shanghai Huangpu Sub-branch[5](index=5&type=chunk) [Financial Performance Summary](index=5&type=section&id=Financial%20Performance%20Summary) [Key Financial Data for H1 2025](index=5&type=section&id=Key%20Financial%20Data%20for%20H1%202025) The company's H1 2025 revenue decreased by 23.9% year-on-year, and gross profit fell by 22.6%, yet operating profit and profit for the period significantly increased by 92.7% and 68.6% respectively, while non-IFRS profit attributable to equity holders decreased by 27.7% Financial Performance Summary for the Six Months Ended June 30 (RMB thousands) | Metric | 2025 (Unaudited) | 2024 (Unaudited) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 3,190,584 | 4,190,933 | -23.9% | | Gross Profit | 1,612,384 | 2,083,230 | -22.6% | | Operating Profit | 875,799 | 454,449 | 92.7% | | Profit Before Income Tax | 999,044 | 602,996 | 65.7% | | Profit for the Period | 849,565 | 503,932 | 68.6% | | Profit Attributable to Equity Holders of the Company | 849,755 | 504,303 | 68.5% | | Non-IFRS Profit Attributable to Equity Holders of the Company | 507,807 | 702,061 | -27.7% | [Chairman's Report](index=6&type=section&id=Chairman%27s%20Report) [Content Ecosystem and IP Strategy](index=6&type=section&id=Content%20Ecosystem%20and%20IP%20Strategy) The Chairman's report highlights the steady development of Yuewen's online reading content ecosystem in H1 2025, with an active creative community and continued focus on premium content strategy, leading to dominant market positions for multiple IP adaptations - In H1 2025, Yuewen's online reading content ecosystem developed steadily, with a vibrant creative community appealing to both veteran and emerging writers[7](index=7&type=chunk) - The company adheres to a premium content strategy, with **6** of the Top 10 long-form dramas by cumulative effective views across the network in H1 adapted from Yuewen IP; among animated works, **8** were adapted from Yuewen IP[7](index=7&type=chunk) - The self-produced premium drama "Drug Storm" launched on Tencent Video, with its popularity index exceeding **28,000**, receiving positive reviews from mainstream media[7](index=7&type=chunk) [AI Technology and New Business Expansion](index=6&type=section&id=AI%20Technology%20and%20New%20Business%20Expansion) AI technology significantly accelerated content internationalization, with AI-translated works accounting for over 35% of WebNovel's total novel revenue, while the company actively explores AI applications in various IP content forms and seizes new opportunities in short-form dramas and IP derivatives - AI technology significantly accelerated content internationalization, with AI-translated works accounting for over **35%** of WebNovel platform's total novel revenue during the period[7](index=7&type=chunk) - The company continues to deepen the integration of AI and content operations, launching more AI-assisted creation tools on the "Writer Assistant" creative platform and exploring AI applications in various IP content forms such as animation, video, and audiobooks[7](index=7&type=chunk) - Actively seizing new opportunities in short-form dramas and IP derivatives, the hit rate of short-form dramas significantly increased, with IP derivatives business GMV reaching **RMB 480 million** in H1, close to last year's full-year total[8](index=8&type=chunk) [Policy Impact and Future Outlook](index=6&type=section&id=Policy%20Impact%20and%20Future%20Outlook) New policies from the National Radio and Television Administration are expected to benefit the long-term sustainable development of content creation and film/TV business, with the company strengthening new business layouts and actively exploring AI applications for evergreen growth - The "Guangdian 21 Articles" new policy issued by the National Radio and Television Administration is expected to benefit industry content creation, work distribution, and online scheduling, aiding the long-term sustainable development of the film and TV business[8](index=8&type=chunk) - The company will leverage its rich IP reserves, deep industry insights, and cross-domain synergies to optimize the industry landscape, strengthen new business layouts such as short-form dramas and IP derivatives, and actively explore AI applications[8](index=8&type=chunk) [CEO's Report](index=8&type=section&id=CEO%27s%20Report) [IP Industry Trends and Company Position](index=8&type=section&id=IP%20Industry%20Trends%20and%20Company%20Position) H1 2025 saw explosive growth and ecosystem restructuring in China's IP industry, marked by prominent premium IP value, the rise of short-form dramas, and popular IP derivatives, positioning Yuewen to lead industry upgrades with its unique status and IP innovation capabilities - In H1 2025, China's IP industry experienced explosive growth and ecosystem restructuring, with key trends including the prominent value of premium IP, the rise of short-form dramas as a new monetization channel, and the widespread popularity of physical IP derivatives[11](index=11&type=chunk)[14](index=14&type=chunk) - The company, with its unique industry position, excellent IP innovation capabilities, and abundant IP reserves, is poised to deeply lead the leapfrog upgrade of China's IP ecosystem and open up new growth curves[11](index=11&type=chunk) [IP Creation and Online Business Growth](index=8&type=section&id=IP%20Creation%20and%20Online%20Business%20Growth) The online reading content ecosystem continued to thrive, with significant increases in new writers and novels, strong growth in revenue from quality works and writers, boosting user community activity, and driving growth in online business revenue and monthly paying users (MPU) - In H1 2025, the online reading platform added approximately **200 thousand writers** and **410 thousand novels**, with approximately **20 billion** new characters added[12](index=12&type=chunk) - The number of newly signed works with revenue exceeding **RMB 1 million** increased by **63%** year-on-year in H1, and the number of newly signed writers achieving average subscriptions exceeding ten thousand increased by **45%** year-on-year[12](index=12&type=chunk) - Online business revenue increased by **2.3%** year-on-year to **RMB 1.99 billion**, and MPU increased by **4.5%** year-on-year to **9.2 million people**[13](index=13&type=chunk) [IP Visualization Achievements](index=9&type=section&id=IP%20Visualization%20Achievements) The company achieved significant results in premium film/TV, animation, comics, and short-form dramas, with excellent performance from multiple IP-adapted series and animation sequels, maintaining leading positions in comic IPs, and strong growth in short-form drama business with a significantly increased hit rate - In H1, multiple Yuewen IP-adapted premium TV dramas were launched, such as "Guose Fanghua" and "Drug Storm," ranking first in popularity on their respective platforms, with **6** of the Top 10 long-form dramas by cumulative effective views across the network adapted from Yuewen IP[15](index=15&type=chunk) - In the animation sector, classic animated series sequels like "Battle Through the Heavens" performed outstandingly, with **8** of the Top 10 animated works by network-wide popularity in H1 adapted from Yuewen IP[15](index=15&type=chunk) - In the comic sector, classic IPs like "Under One Person" and "Fox Spirit Matchmaker" maintained their leading positions, while new works such as "Dao Gui Yi Xian" and "Gao Wu Jin Hua" showed impressive performance[16](index=16&type=chunk) - The short-form drama business experienced strong growth, with a significantly increased hit rate, the highest single project revenue exceeded **RMB 80 million**, total network-wide views surpassed **3 billion**, and over **2,000** online literature IPs were made available for short-form drama adaptation[17](index=17&type=chunk) [IP Commercialization and Monetization](index=10&type=section&id=IP%20Commercialization%20and%20Monetization) The IP derivatives business achieved leapfrog development, with H1 GMV reaching RMB 480 million, nearly matching last year'

Group 1: Industry Overview - The core viewpoint of the articles highlights that major internet companies in China have shown resilience and adaptability in a complex external environment, with a focus on "steady growth" driven by artificial intelligence and long-term strategies [1] - Artificial intelligence has transitioned from conceptual exploration to a phase of accelerated commercialization, becoming a key variable for enhancing efficiency and optimizing user experience [1] - Companies are increasingly prioritizing sustainable development and ecosystem building over short-term gains, laying a solid foundation for long-term growth [1] Group 2: Pinduoduo - Pinduoduo's Q2 2025 financial report shows a revenue of 104 billion yuan, a year-on-year increase of 7%, while net profit decreased by 4% to 30.75 billion yuan [2] - The increase in total revenue cost by 36% is attributed to rising fulfillment, bandwidth, server, and payment processing costs [2] - Pinduoduo is committed to long-term strategies, focusing on creating a healthier platform ecosystem and supporting merchants, despite short-term profit fluctuations [2][3] Group 3: Baidu - Baidu's Q2 2025 report indicates total revenue of 32.7 billion yuan, with core revenue at 26.3 billion yuan and a net profit of 7.4 billion yuan, reflecting a 35% year-on-year growth [4] - The integration of artificial intelligence across various business lines has transformed Baidu's search services, replacing traditional search results with structured and intelligent AI responses [4] - Baidu's smart cloud business experienced a 27% year-on-year revenue growth, supported by the continuous upgrade of its AI model platform [4][5] Group 4: JD.com - JD.com reported a revenue of 356.7 billion yuan for Q2 2025, marking a 22.4% year-on-year increase [6] - The growth in revenue is driven by both product and service segments, with significant contributions from the grocery category and a 29.1% increase in service revenue [6][7] - JD.com's active user base and shopping frequency saw over 40% year-on-year growth, supported by the expansion of its retail and new delivery services [7] Group 5: Didi - Didi's Q2 2025 performance shows a core platform transaction volume (GTV) of 109.6 billion yuan, a 15.9% year-on-year increase, with international business GTV growing by 27.7% [8] - The company has expanded its international operations to 14 countries, diversifying its services beyond ride-hailing to include food delivery and financial services [9] - Didi emphasizes enhancing user experience and operational efficiency while integrating AI and autonomous driving technologies for long-term value creation [9] Group 6: Yuewen Group - Yuewen Group's mid-year report for 2025 reveals a revenue of 3.19 billion yuan and a net profit of 850 million yuan, reflecting a 68.5% year-on-year increase [10] - The online reading content ecosystem continues to thrive, with online business revenue growing by 2.3% to 1.99 billion yuan [10] - The integration of AI technology into the IP ecosystem has significantly improved author interaction and global reach, with AI translation revenue increasing by 38% [10]

Core Viewpoint - The article highlights the strong performance of Yuewen Group, with significant revenue and profit growth in the first half of the year, driven by various business segments and strategic collaborations [1] Financial Performance - Yuewen Group reported a revenue of 3.191 billion yuan and a net profit attributable to shareholders of 850 million yuan, representing a year-on-year increase of 68.5% [1] - The company's stock rose by 5.82% to 41.8 HKD, with a trading volume of 488 million HKD [1] Business Segments - The growth in revenue was primarily attributed to the increase in licensing business, stable performance in short dramas, and progress in IP commercialization [1] - The company launched a strategic cooperation plan with "Honor of Kings," marking the first collaboration to synchronize the release of related content and skins [1] Industry Trends - Tianfeng Securities noted that Yuewen has produced high-quality content in the film and television sector, with several IP adaptations achieving top viewership on platforms [1] - The short drama segment saw a significant increase in hit rates, with individual projects generating over 80 million yuan in revenue and total views exceeding 3 billion [1] Long-term Outlook - The company is expected to maintain its ability to create commercial hits and successfully implement a business model that leverages its IP ecosystem [1] - Yuewen's strong content ecosystem, rich IP reserves, and diversified business expansion capabilities are anticipated to build competitive barriers and steadily enhance profitability [1]