格隆汇8月20日丨映宇宙(03700.HK)公告，集团截至2025年6月30日止6个月未经审核综合管理账目的初 步审阅及目前可得资料，集团预期于报告期内录得净利润不低于人民币2.6亿元，与去年同期相比涨幅 超过90.0%。上述业绩增长的主要原因是由于报告期内集团按公平值计入损益的金融工具公允价值变动 所致。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 本公告由 映宇宙集團 有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）根 據 香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)條及香港法例第 571章證券及期貨條例第XIVA部項下的內幕消息條文（定 義 見 上 市 規 則）作 出。 本公司董事會（「董事會」）謹此知會本公司股東（「股 東」）及 潛 在 投 資 者，根 據 對 本集團截至2025年6月30日止六個月（「報告期」）之未經審核綜合管理賬目的初 步 審 閱 及 目 前 可 得 資 料，本 集 團 預 期 於 報 告 期 內 錄 得 淨 利 潤 不 低 於 人 民 幣2.6 億 元，與 去 年 同 期 相 比 漲 幅 超 過90.0%。上 述 業 績 增 長 的 主 要 原 因 是 由 於 報 告 期 內 本 集 團 按 公 平 值 計 入 損 益 的 ...

格隆汇8月19日丨映宇宙(03700.HK)公告，董事会会议将于2025年8月29日(星期五)举行，藉以(其中包 括)批准公司及其附属公司截至2025年6月30日止6个月的中期业绩及其发布，并考虑派发中期股息(如 有)。 ...

Inkeverse Group Limited 映宇宙集 團 有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：3700） 董事會會議通告 映宇宙集團 有限公司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，董 事 會 會議將於2025年8月29日（星 期 五）舉 行，藉 以（其 中 包 括）批准本公司及其附屬公 司截至2025年6月30日 止 六 個 月 的 中 期 業 績 及 其 發 佈，並 考 慮 派 發 中 期 股 息（如 有）。 承董事會命 映宇宙集團有限公司 董事長兼執行董事 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 奉佑生 香 港，2025年8月19日 於 本 公 告 日 期，執 行 董 事 為 奉 佑 生 先 生 及 侯 廣 凌 先 生；以 及 獨 立 非 執 行 董 事 為 崔 大 偉 先 生、陳 勇 先 生 及 鄭 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 映宇宙集团有限公司 本月底法定/註冊股本總額： USD 50,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03700 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,937,442,000 | | 0 | | 1,937,442,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 1,937,442,000 | | 0 | | 1,937,442,000 | ...

Core Viewpoint - The company emphasizes the importance of high-quality content creation and value co-existence to enhance its localized overseas expansion capabilities [2] Group 1 - The company aims to utilize its own model to improve its systematic and localized approach to international markets [2] - The focus on quality content and value co-existence is seen as essential for sustainable growth and stability in the long term [2]

Core Insights - The micro-short drama industry is entering a golden era, with significant growth in overseas markets expected to surpass domestic markets in terms of paid short drama revenue [1][3][4] Market Growth - The overseas micro-short drama market is projected to grow from approximately $100 million in 2023 to $1.5 billion in 2024, reaching $3.8 billion in 2025 [1] - The domestic micro-short drama market was valued at 50.5 billion yuan in the previous year, surpassing box office revenues from cinemas for the first time [1] Regional Preferences - North America leads the overseas market with a 40% share, favoring urban romance and fantasy themes [2] - Southeast Asia's market is characterized by themes similar to domestic preferences, such as campus youth and family ethics [2] - Japan focuses on revenge and workplace themes, while South Korea prefers sweet romance and reincarnation stories [2] Production and Localization - The company has developed a streamlined production process in Xi'an, capable of producing 20+ micro-short dramas monthly, with a focus on high-quality content [3][5] - The company has launched localized short drama apps for North America and Southeast Asia, incorporating local actors and cultural elements [5] Technological and Market Drivers - The growth of micro-short dramas is attributed to technological advancements, changing viewing habits, and the impact of the COVID-19 pandemic, which increased demand for quick entertainment [4]

"投资几十万制作的短剧，盗版平台2.9元就能解锁全集！这是对整个行业的巨大伤害。" 2025年7月25日，"2025中国互联网大会知识产权与合规治理论坛"于北京国家会议中心顺利召开。映宇 宙集团执行总裁、总编辑夏晓晖受邀并以《微短剧的版权保护与平台治理》为题发表主旨演讲，针 对"微短剧版权保护"这一行业痛点，系统剖析了行业案例以及映宇宙的实践与思考，并呼吁各方携手共 筑健康版权生态。 行业高速发展，盗版侵权成"致命伤" 数据显示，整个大文娱行业因盗版年损失超200亿元，而作为新兴业态的微短剧更是重灾区。据12426版 权监测中心数据，2023年平均每部短剧面临1224条侵权链接，总计达40.53万条；2025年上半年，映宇 宙旗下短剧公司数百部作品遭非法传播，单家公司直接经济损失达数千万元。更严峻的是，盗版链条已 形成"搬运-引流-变现"的黑色产业链，部分案件甚至夹杂涉赌、涉黄内容，威胁青少年身心健康。 演讲中，夏晓晖通过多起典型案例直击痛点：2023年，映宇宙短剧《人到中年》《我在古代当王爷》被 多家小程序未经授权发布，以"2.9元解锁全集"模式收割流量；2024年，武汉某公司通过微信小程序非 法传播映宇宙 ...

Core Viewpoint - The article highlights the ongoing efforts and achievements in combating telecom and online fraud in China, emphasizing the collaboration between government agencies and internet companies to enhance public awareness and prevention measures [2][3][5]. Group 1: Government Initiatives - The Ministry of Public Security launched a campaign titled "All Society Anti-Fraud Youth in Action," involving over 500 participants from various government departments and internet companies [2]. - The Anti-Telecom Fraud Information Monitoring Center reported significant progress in fraud prevention, including the issuance of 1.838 million financial warning directives and the interception of 4.69 billion scam calls and 3.37 billion scam messages in 2024 [3]. - Local police have engaged in face-to-face fraud prevention efforts, reaching approximately 4.778 million individuals [3]. Group 2: Company Contributions - Yingyuzhou Group's Executive President, Xia Xiaohui, emphasized the company's commitment to anti-fraud initiatives, enhancing risk identification through big data and AI, and developing over 140 risk control strategies [5]. - The company has established a rapid response mechanism for fraud clues, submitting 14,000 warning data points and assisting in over 230 cases [5]. - Yingyuzhou has engaged in public awareness campaigns, including "Anti-Fraud into Campus" and innovative promotional activities like the "Anti-Fraud Creative IP" featuring plush toys to attract younger audiences [5][9]. Group 3: Public Engagement - Interactive games at Yingyuzhou's anti-fraud booth attracted public participation, allowing individuals to learn about common fraud tactics and prevention techniques while winning prizes [7]. - The theme of the current promotional month is "Anti-Fraud is a Mandatory Course, Build a Strong Defense and Fulfill Responsibilities," highlighting the importance of public education in fraud prevention [9].

Core Insights - The "easy profit era" of the live streaming industry is coming to an end, with companies facing growth pressures and profitability anxieties, leading to a collective transformation phase [1][2] - The five major players in the live streaming sector—Douyu, Huya, Huanju, Yingyu Universe, and Zhihui Group—are struggling to adapt and move away from their reliance on live streaming [2][12] Revenue Performance - In Q1 2025, Douyu reported revenue of 9.47 billion yuan, down 8.94% year-on-year; Huya's revenue was 15.09 billion yuan, a slight increase of 0.3%; Zhihui's revenue was 25.21 billion yuan, down 1.5%; Huanju's revenue was 4.94 billion USD (approximately 35.48 billion yuan), down 12% [4][6] - For the fiscal year 2024, the revenue ranking of the five companies was led by Huanju (22.38 billion USD), followed by Zhihui (105.63 billion yuan), Yingyu Universe (68.51 billion yuan), Huya (60.79 billion yuan), and Douyu (42.71 billion yuan) [4][6] Revenue Structure - Despite efforts to decentralize from live streaming, it remains the main revenue source for most companies: in 2024, Douyu, Huya, and Huanju had live streaming revenue shares of 72%, 78%, and approximately 80%, respectively [7][8] - In Q1 2025, the live streaming revenue shares were approximately 60% for Douyu, 75% for Huya, and 75% for Huanju, indicating a continued reliance on this segment [7][8] User Engagement - User engagement is declining, with Douyu's monthly active users (MAU) at 41.4 million, down 8.7% year-on-year, and average paying users at 2.9 million, down 14.71% [9][10] - Huanju's global MAU was 260 million, down 6.1%, with its products Bigo Live and Likee also experiencing significant declines in user numbers [10] Profitability - Huanju showed relative stability in profitability, with a net profit of 298.5 million USD for 2024 and 63.2 million USD for Q1 2025, indicating some resilience [11] - Douyu, however, reported a net loss of 240 million yuan for 2024 and continued to lose 79.61 million yuan in Q1 2025, marking a significant decline in profitability [11] Market Response - The market has reacted negatively to the performance of these companies, with their market capitalizations significantly reduced compared to their peak values [12] - As of the latest reports, the market values were Huanju (2.45 billion USD), Zhihui (1.004 billion USD), Huya (876 million USD), Yingyu Universe (2.557 billion HKD), and Douyu (200 million USD) [12] Transformation Efforts - Companies are attempting to find new growth avenues, with Douyu and Huya focusing on innovative business models and advertising [15][16] - Huanju has successfully expanded its overseas operations, while Yingyu Universe has pivoted towards short dramas, showing some signs of recovery [19][20] Future Outlook - The ability of these companies to successfully transition away from live streaming will determine their survival in the evolving market landscape [12][26] - Emphasis on technological advancements, particularly AI, is seen as crucial for enhancing content generation and user engagement [23][25]