数据宝统计，截至09:52，天下秀成交额10.62亿元，创2025年2月14日以来新高。最新股价上涨5.00%， 换手率9.74%。上一交易日该股全天成交额为5.32亿元。 据天眼查APP显示，天下秀数字科技(集团)股份有限公司成立于1993年11月28日，注册资本180774.7642 万人民币。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） ...

Group 1: Market Performance - The advertising and marketing sector increased by 2.11% on September 25, with Tianxiexiu leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Group 2: Individual Stock Performance - Tianxiexiu (600556) closed at 5.60, up 10.02%, with a trading volume of 970,600 shares and a transaction value of 532 million [1] - Yidian Tianxia (301171) closed at 33.80, up 4.48%, with a trading volume of 511,800 shares and a transaction value of 1.73 billion [1] - Fenjun Media (002027) closed at 8.39, up 2.82%, with a trading volume of 1,655,100 shares [1] - The overall performance of the advertising and marketing sector showed a mix of gains and losses among various stocks [1][2] Group 3: Capital Flow Analysis - The advertising and marketing sector saw a net inflow of 681 million from institutional investors, while retail investors experienced a net outflow of 304 million [2][3] - Major stocks like Tianxiexiu and BlueFocus (300058) had significant net inflows from institutional investors, while retail investors showed net outflows [3]

| 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 五日均线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 301137 | 哈焊华 | 19.99 | 11.45 | 31.49 | 36.31 | 15.31 | | | 通 | | | | | | | 300818 | 耐普矿 机 | 19.99 | 11.58 | 25.45 | 29.29 | 15.09 | | 300792 | 壹网壹 创 | 19.99 | 16.97 | 32.35 | 36.67 | 13.35 | | 300946 | 恒而达 | 17.77 | 15.31 | 57.14 | 64.67 | 13.19 | | 601789 | 宁波建 工 | 9.96 | 11.31 | 5.60 | 6.07 | 8.35 | | 601619 | 嘉泽新 | 9.98 | 7.93 | 4.71 | 5.07 | 7.69 | | | 能 | | | | | | | 60 ...

（文章来源：证券时报网） | 证券代 | 证券简称 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | | （%） | （%） | （元） | （元） | （%） | | 300818 | 耐普矿机 | 19.99 | 11.23 | 24.53 | 29.29 | 19.38 | | 600556 | 天下秀 | 10.02 | 4.64 | 5.13 | 5.60 | 9.25 | | 002129 | TCL中环 | 10.06 | 6.63 | 8.83 | 9.41 | 6.56 | | 603557 | ST起步 | 4.84 | 0.96 | 2.49 | 2.60 | 4.35 | | 603997 | 继峰股份 | 3.78 | 1.49 | 12.24 | 12.64 | 3.31 | | 603927 | 中科软 | 4.64 | 2.57 | 20.76 | 21.41 | 3.13 | | 300056 | 中创环保 | 3.15 | 2.39 | 14.01 | 1 ...

（文章来源：证券时报网） | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 五日均线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 301137 | 哈焊华 | 19.99 | 11.08 | 31.49 | 36.31 | 15.31 | | | 通 | | | | | | | 300818 | 耐普矿 机 | 19.99 | 11.23 | 25.45 | 29.29 | 15.09 | | 300792 | 壹网壹 创 | 18.36 | 14.41 | 32.25 | 36.17 | 12.15 | | 300946 | 恒而达 | 12.27 | 7.29 | 56.53 | 61.65 | 9.05 | | 601789 | 宁波建 工 | 9.96 | 10.91 | 5.60 | 6.07 | 8.35 | | 871396 | 常辅股 份 | 14.64 | 13.37 | 31.10 | 33.68 | 8.31 | | 601 ...

Group 1 - On September 25, AI applications and domestic software saw significant gains, with Tianxiaxiu hitting the daily limit and Kunlun Wanwei rising over 10% [1] - JD.com launched the Jingxi APP at the 2025 Global Technology Explorer Conference, which utilizes AI to enhance the shopping experience and offers additional services like food delivery and hotel bookings [2] - Alibaba introduced Qwen3-Max, the largest and most capable model to date, which outperformed GPT-5-Chat in various benchmarks, indicating advancements in code capabilities and multi-language understanding [2] - Google released a new AI drawing tool called Mixboard, supported by Nano Banana, aimed at visualizing ideas instantly [2] Group 2 - Alibaba's Qwen3-Max is expected to drive the adoption of higher-value workloads and intelligent agents, creating new PaaS demands tailored for generative AI applications [3] - In the first half of 2025, the public cloud service market for large models in China reached 537 trillion tokens, with a projected total of 114 trillion tokens for 2024, highlighting the growth in various sectors including education and gaming [3] - AI has shown a significant impact on the advertising business of internet giants, with Tencent's advertising growth maintaining at 20% and Alibaba Cloud's growth accelerating to 26% [3] - Companies like Baidu and Alibaba are enhancing their market share by launching self-developed chips, completing a full-chain layout of chips, models, and applications [4]

作者：繁晟 2020年，艾瑞咨询联合天下秀（600556.SH）发布首份《中国红人新经济行业发展报告》。彼时，红人新经济市场规模强势突破万亿元，"网红第一股"如涵 控股、"红人经济第一股"天下秀相继登陆资本市场；2025年红人新经济市场规模的预测值更是一度被推高至8万亿元，行业"长红之势"风光无两。 然而，随着中国广告市场规模增速大幅放缓，这让红人经济赛道开始出现分化，竞争加剧，这也让上市公司开始遭遇资本困境，比如如涵控股上市仅2年， 便在长期破发及亏损困境中退市，而在天下秀的市值则缩水逾八成至不足百亿元。 在此背景下，天下秀开始启动出海战略。2025年8月22日，该公司发布公告称，为深入推进全球化战略布局，打造国际化资本运作平台，提升国际品牌形象 和综合竞争力，该公司正在筹划发行H股并在港交所上市。 在资本市场"失宠"且业绩持续下滑的情况下，天下秀此次赴港上市能令其"翻红"吗？ 红人经济真的"经济"吗？ 2000年左右，WEB2.0时代开启，网红与经济迎来"第一次亲密接触"，但由于当时的红人主要集中在博客、BBS论坛，变现渠道有限，且仅限于图文领域的 极少数"顶流"。 直至2009年， 随着移动互联网兴起、 ...

9月22日，天下秀盘中下跌2.09%，截至11:09，报5.15元/股，成交1.04亿元，换手率1.11%，总市值93.10 亿元。 资金流向方面，主力资金净流出819.00万元，特大单买入269.71万元，占比2.60%，卖出1110.10万元， 占比10.69%；大单买入2053.52万元，占比19.78%，卖出2032.14万元，占比19.57%。 天下秀今年以来股价跌0.79%，近5个交易日跌5.33%，近20日跌6.02%，近60日涨1.16%。 今年以来天下秀已经4次登上龙虎榜，最近一次登上龙虎榜为1月22日。 天下秀所属申万行业为：传媒-广告营销-营销代理。所属概念板块包括：网红经济、小盘、低价、在线 教育、小红书概念等。 截至6月30日，天下秀股东户数10.39万，较上期减少6.39%；人均流通股17395股，较上期增加6.83%。 2025年1月-6月，天下秀实现营业收入18.44亿元，同比减少8.01%；归母净利润3637.92万元，同比减少 19.28%。 分红方面，天下秀A股上市后累计派现2.16亿元。近三年，累计派现6164.42万元。 机构持仓方面，截止2025年6月30日，天下秀 ...

Market Overview - On September 18, the advertising and marketing sector declined by 3.12%, with Qitian Technology leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers included: - Diansheng Co., Ltd. (300805) with a closing price of 13.50, up 3.29% [1] - Yuanlong Yatu (002878) with a closing price of 20.43, up 0.84% [1] - Significant decliners included: - Qitian Technology (300061) with a closing price of 12.91, down 5.56% [2] - Zitian Tui (300280) with a closing price of 0.53, down 5.36% [2] Trading Volume and Capital Flow - The advertising and marketing sector experienced a net outflow of 1.157 billion yuan from institutional investors, while retail investors saw a net inflow of 922 million yuan [2] - The trading volume for key stocks included: - Diansheng Co., Ltd. with a trading volume of 304,500 shares and a transaction value of 403 million yuan [1] - Yuanlong Yatu with a trading volume of 244,700 shares and a transaction value of 494 million yuan [1] Capital Inflow Analysis - Key stocks with significant capital inflow included: - Diansheng Co., Ltd. with a net inflow of 24.67 million yuan from institutional investors [3] - Yuanlong Yatu with a net inflow of 11.64 million yuan from institutional investors [3] - Notable outflows were observed in: - Qitian Technology with a net outflow of 1.27 million yuan from institutional investors [3] - Simai Media (002712) with a net outflow of 6.68 million yuan from institutional investors [3]

Group 1 - The 22nd China-ASEAN Expo (CAEXPO) opened in Nanning, Guangxi on September 17, featuring an AI pavilion for the first time [1] - Tianxiexiu (stock code: 600556) showcased its AI intelligent platform, Linggan Island, and TOPKLOUT, highlighting innovations in smart content generation, cross-border digital marketing, and influencer economy [1] - Linggan Island, an AIGC content creation and intelligent marketing platform, has served various industries including catering, fast-moving consumer goods, automotive, and gaming, helping businesses expand customer acquisition channels and enabling creators to produce content efficiently [1] Group 2 - At the expo, Linggan Island demonstrated its capabilities through a case study of "Vietnamese durian merchants expanding into the Chinese market," utilizing AI technologies to address challenges in cross-border marketing such as language barriers and cultural differences [1] - The platform featured an interactive experience area where attendees could create a highly realistic digital avatar by uploading a personal photo, with options for customized AI-generated greeting videos in multiple languages including Chinese, Thai, and Malay [1]