Financial Performance - Total assets increased by 3.36% to CNY 5,895,388,614.26 in 2023 from CNY 5,703,826,578.99 in 2022[12] - Operating revenue rose by 1.77% to CNY 4,202,030,347.42 in 2023 compared to CNY 4,128,909,281.45 in 2022[12] - Net profit attributable to shareholders decreased by 48.43% to CNY 92,778,970.17 in 2023 from CNY 179,922,184.53 in 2022[12] - Basic earnings per share dropped by 50.00% to CNY 0.05 in 2023 from CNY 0.10 in 2022[12] - The net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was RMB 74 million, a decrease of 28.96% year-on-year[28] Cash Flow - The net cash flow from operating activities increased by 52.57% to CNY 298,690,366.84 in 2023 compared to CNY 195,772,114.49 in 2022[12] - The company reported a net cash flow from operating activities of RMB 323 million in Q4, a significant recovery from previous quarters[25] Market Expansion and Innovation - The company is actively exploring overseas market opportunities with new subsidiaries established in Singapore, Japan, and Hong Kong[11] - The company is actively exploring innovative products and business models for the Web3.0 era, including the 3D virtual community "Hong Universe" and AI-driven products[24] - The company is leveraging AI and blockchain technologies to provide solutions for various sectors, including digital tourism and asset management[24] - The company is actively increasing its efforts to expand quality resource points both domestically and internationally, accelerating its global layout[50] Digital Economy and Technology Integration - The company emphasizes the importance of digital technology integration with the real economy to promote balanced development and shared benefits in the digital economy[29] - The company is committed to a decentralized entrepreneurial ecosystem and is expanding its data-driven products and services in the influencer marketing sector[11] - The company has developed a comprehensive social data analysis platform covering major social media platforms, providing data services for brand advertisers and content creators[10] Influencer Marketing and Monetization - The company aims to enhance its marketing efficiency and reduce costs through its WEIQ platform, which offers personalized influencer account recommendations and real-time data monitoring[9] - The company is focusing on enhancing the monetization capabilities of influencers and content creators through its WEIQ platform[32] - The WEIQ platform connects businesses with influencers using big data technology, facilitating a complete influencer marketing chain[60] - The company is committed to fostering a healthy ecosystem for influencers and MCN organizations through its IMSOCIAL accelerator[50] Dividend Distribution - The company plans to distribute a cash dividend of 0.155 CNY per 10 shares, totaling approximately 28,020,088.45 CNY (including tax) based on a total share capital of 1,807,747,642 shares as of December 31, 2023[41] Educational Initiatives - The company’s educational brand, Tianxiaxiu Education, has initiated international training programs in Southeast Asia, leveraging Chinese experience in new media marketing[50] Industry Challenges and Goals - The company aims to create a decentralized creator economy ecosystem, although the profitability and business model of its innovative ventures remain uncertain[24] - The company is focused on enhancing the efficiency and standardization of the influencer economy, addressing industry pain points through data-driven solutions[59] - The digital economy's new business models are supported by national policies, aiming for a leading position in digital economic development by 2025[56]

Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year 2023, representing a year-over-year increase of 15%[19]. - The company achieved operating revenue of RMB 4.20 billion in 2023, a year-on-year increase of 1.77%[41]. - Net profit attributable to shareholders was RMB 92.78 million, a decrease of 48.43% compared to the previous year[41]. - The gross margin for the year was reported at 45%, a slight increase from 43% in the previous year[19]. - Operating expenses increased by 5% to RMB 300 million, primarily due to higher marketing costs associated with new product launches[19]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q3 2023, representing a 25% year-over-year growth[174]. - The company reported a net profit margin of 25%, up from 20% in the previous year, reflecting improved operational efficiency[181]. User Growth and Market Expansion - User data showed an increase in active users to 5 million, up from 4 million in the previous year, marking a growth of 25%[19]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in user acquisition in that region[19]. - The number of registered merchant customers reached 199,789, an increase of 9,186 compared to the end of 2022[43]. - The company is actively exploring overseas markets with the launch of the ADream platform, aimed at enhancing resource efficiency for brands going global[53]. - Market expansion plans include entering three new international markets by mid-2024, aiming for a 10% market share in each[175]. Strategic Initiatives and Innovations - The company is exploring innovative business systems, indicating a focus on future development strategies[9]. - New product launches included a digital marketing platform that is expected to generate an additional RMB 200 million in revenue in 2024[19]. - The company is investing RMB 50 million in R&D for new technologies, focusing on AI and big data analytics to improve service offerings[19]. - The company is developing innovative products based on AI technology, including the AIGC product "Inspiration Island," to enhance service efficiency for content creators[56]. - The company aims to leverage its extensive social marketing corpus to activate data asset value and provide richer services to clients and content creators[43]. Corporate Governance and Compliance - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[5]. - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[6]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company held three shareholder meetings during the reporting period, ensuring compliance with legal requirements and fair treatment of all shareholders[165]. Risk Management and Caution - The company emphasizes that its current profit model and business model have significant uncertainties, urging investors to be cautious about investment risks[9]. - The company acknowledges the potential risks associated with its innovative business models and encourages investors to be cautious[57]. - The macroeconomic environment and unexpected public events could significantly impact the spending behavior of merchants, thereby affecting the company's revenue growth[154]. - The company is actively monitoring changes in regulatory requirements related to new business models and market conditions, which may pose compliance challenges[159]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 150 million for new technology development in 2024[175]. - Continuous investment in R&D has led to a sustained increase in innovation, helping influencers maximize their commercial value and supporting the healthy development of the industry[85]. - Research and development expenses totaled ¥105,650,035.44, representing 2.59% of total revenue, with capitalized R&D accounting for 2.95%[114]. Remuneration and Management Structure - The total pre-tax remuneration for all directors, supervisors, and senior management personnel amounted to CNY 8.5287 million[169]. - The company has appointed new senior management personnel, including a general manager and a financial officer, as part of its governance structure[189]. - The company’s independent directors provided recommendations on the remuneration plan, ensuring it aligns with industry standards and legal regulations[188]. Technology and Digital Economy - The company is committed to exploring new business models and growth points through the application of digital technologies such as AI, the metaverse, and blockchain[43]. - The rise of Web3.0 technologies is expected to enhance the influencer-fan relationship, further expanding the market size of the influencer economy[71]. - The company aims to leverage its big data platform and advanced technologies like AI and blockchain to enhance its global presence and improve services for brands and creators[143].

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the market by more than 10% over the next 12 months [7][8]. Core Insights - The company reported a revenue of 42.02 billion yuan for 2023, reflecting a year-on-year increase of 1.77%. The gross margin was 48.43%, while the net profit attributable to the parent company was 0.93 billion yuan, showing a year-on-year increase of 28.96% [33]. - The report highlights the stability of the company's core business, WEIQ, and its exploration of "AI+ overseas expansion" as dual growth drivers [33]. - The company’s operating cash flow was 10.32 billion yuan, indicating strong cash flow performance, while the net loss attributable to the parent company was narrowed down to 0.95 billion yuan [33]. - The report notes that the number of registered professional influencers on the platform reached 17,274, with a year-on-year increase of 15.41% [33]. - The company is expected to achieve revenues of 47.25 billion yuan and 52.50 billion yuan from overseas brands and cross-border MCN respectively, with corresponding net profits of 1.77 billion yuan and 2.54 billion yuan for 2024 and 2025 [33]. Financial Summary - The company’s revenue is projected to grow from 4,202 million yuan in 2023 to 5,703 million yuan in 2026, with growth rates of 1.8%, 12.4%, 11.1%, and 8.6% respectively [33]. - The net profit attributable to the parent company is expected to increase from 93 million yuan in 2023 to 342 million yuan in 2026, with growth rates of -48.4%, 90.3%, 43.6%, and 34.8% respectively [33]. - The report anticipates an EPS growth from 0.05 yuan in 2023 to 0.19 yuan in 2026 [33].

天下秀数字科技（集团）股份有限公司 2023 年度社会责任报告 一、董事长致辞 时代的机遇和社会的哺育，是一个企业得以发展壮大的重要基础。企业在不 断成长的同时，反哺社会、反哺行业是必须承担的责任。 在天下秀的理解中，承担企业社会责任的优先级：以尽可能低的成本为公众 提供超预期的产品和服务，是第一社会责任；其次是赋能员工成长；再次是赋能 行业长远发展。 公司通过对行业经验、技术和资源的整合梳理，基于 Web2.0 的红人经济生 态链的业务布局趋于完善。一方面，公司将长期积累的数据和技术能力转化为创 新的数据化产品，将长期沉淀的行业经验转化为创新的商业服务，并且积极有序 加大境内及境外优质资源点位的拓展力度，推出海外红人营销 SaaS 平台—— ADream，通过数字化手段为出海品牌和机构提供资源与效率的全面提升，进一 步优化红人经济全球化资源覆盖的密度和结构。另一方面，公司在努力夯实红人 营销平台竞争力的同时，一直积极探索红人（内容创作者）的价值洼地和商业边 界，通过红人营销平台不断向上下游探索延伸，布局了以天下秀教育和西五街为 代表的探索红人经济产业链创新业务。 公司基于在 Web2.0 时代对创业者经济商 ...

天下秀数字科技（集团）股份有限公司 内部控制审计报告 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5–8, 12 and 23, Block A. UDC Times Building. No. 8 Xinye Road. Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa.cn 国游戏 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn） 进行查验 & II 报告编码:浙24WFN2K 内部控制审计报告 我们认为,天下秀公司于2023年12月31日按照《企业内部控制基本规范》和 相关规定在所有重大方面保持了有效的财务报告内部控制。 中汇会审[2024]4616号 天下秀数字科技(集团) 股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了天下秀数字科技(集团) 股份有限公司(以下简称天下秀公司)2023年12 月31日的财务报告内部控制的有效性。 一、企业对内部控制的责 ...

天下秀数字科技（集团）股份有限公司 一、 独立董事基本情况 作为公司独立董事，任职期间，本人未在公司担任除独立董事以外的其他职 务，与公司、公司的实际控制人不存在可能妨碍本人进行独立客观判断的关系， 本人也没有从公司、公司实际控制人及其关联方取得额外的、未予披露的其他利 益。因此，不存在影响独立性的情况。 2023 年度独立董事述职报告 作为天下秀数字科技（集团）股份有限公司（以下简称"公司"）的独立董事， 我们严格按照《公司法》《证券法》《上市公司独立董事管理办法》《上海证券 交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范 运作》等法律法规以及《公司章程》的规定，独立、忠实、勤勉、尽责地行使公 司所赋予的权利，及时了解公司的生产经营情况，全面关注公司持续发展，积极 出席公司召开的相关会议，对公司董事会审议的相关事项发表了独立客观的意见， 忠实履行独立董事职责，充分发挥独立董事的独立作用，维护了公司和广大股东 尤其是中小股东的利益。现将本年度独立董事履行职责情况报告如下： 1 二、独立董事年度履职情况 公司于 2023 年 2 月 7 日召开了 2023 年第一次临时股东大会，会议 ...

天下秀数字科技（集团）股份有限公司 2023年度审计委员会履职报告 天下秀数字科技（集团）股份有限公司（以下简称"公司"）董事会审计委员 会根据《上海证券交易所上市公司自律监管指引第1号——规范运作》以及《公 司章程》《公司董事会审计委员会实施细则》等有关规定，勤勉尽责，积极开展 工作，切实有效地指导公司内部审计工作，促进公司建立有效的内部控制并提供 真实、准确、完整的财务报告。 公司董事会已于2023年2月7日进行了换届选举（第十届换至第十一届），对 应审计委员会成员也于2023年2月7日进行了相应的更换，2023年度审计委员会在 任成员均为第十一届董事会下设的审计委员会成员。 2023年度公司董事会审计委员会严格按照相关法律法规，忠实履行职责，切 实发挥审计委员会的作用，有效维护了公司全体股东的合法权益，现将2023年度 履职情况报告如下： 一、审计委员会成员基本情况 公司董事会审计委员会由3名成员组成，分别为董事李檬先生、独立董事高 奕峰先生、独立董事徐斓女士，其中独立董事高奕峰先生担任主任委员。公司董 事会审计委员会3名成员均具有相关的专业知识和商业经验，能够胜任审计委员 会的工作。 二、董事会审计委 ...

天下秀数字科技（集团）股份有限公司 募集资金管理制度 （2024 年 4 月） 第一章 总则 第一条 为了加强规范天下秀数字科技（集团）股份有限公司（以下简称"公司"） 发行股票募集资金的管理，提高其使用效率和效益，根据相关法律法规的规定，制定本制 度。 第二条 本制度所指的"募集资金"，是指公司通过公开发行证券（包括首次公开发行 股票、配股、增发、发行可转换公司债券、发行分离交易的可转换公司债券、发行权证等） 以及非公开发行股票向投资者募集并用于特定用途的资金，但不包括公司实施股权激励 计划募集的资金。 第三条 募集资金投资项目（以下简称"募投项目"）通过公司的子公司或公司控制的 其他企业实施的，公司应当确保该子公司或受控制的其他企业遵守其募集资金管理制度。 第四条 公司的董事、监事和高级管理人员应当勤勉尽责，督促上市公司规范使用募 集资金，自觉维护上市公司募集资金安全，不得参与、协助或纵容上市公司擅自或变相改 变募集资金用途。 第二章 募集资金专户存储 第五条 公司募集资金应当存放于董事会决定的专项账户（以下简称"募集资金专户"） 集中管理。募集资金专户不得存放非募集资金或用作其它用途。 第六条 公司应当 ...

证券代码：600556 证券简称：天下秀 公告编号：临 2024-026 一、本次授权事项概述 依照《上市公司证券发行注册管理办法》《上海证券交易所上市公司证券 发行上市审核规则》及《公司章程》等相关规定，授权董事会办理以简易程序 向特定对象发行融资总额不超过人民币 3 亿元且不超过最近一年末净资产 20% 的股票事宜（以下简称"本次发行"），授权期限为本次授权相关议案经公司 2023 年年度股东大会审议通过之日起至 2024 年年度股东大会召开之日止。 二、本次授权事宜具体内容 （一）确认公司是否符合以简易程序向特定对象发行股票的条件 授权董事会根据《公司法》《证券法》《上市公司证券发行注册管理办法》 等有关法律、法规和规范性文件的规定，对公司实际情况进行自查和论证，确 认公司是否符合以简易程序向特定对象发行股票的条件。 （二）发行股票的种类、面值和数量 本次发行股票的种类为境内上市的人民币普通股（A 股），每股面值人民 币 1.00 元。发行融资总额不超过人民币 3 亿元且不超过最近一年末净资产 20% 的股票，发行的股票数量按照募集资金总额除以发行价格确定，不超过发行前 公司股本总数的 20%。 天下秀 ...

天下秀数字科技（集团）股份有限公司 董事会审计委员会实施细则 （2024 年 4 月） 第一章 总则 第一条 为强化天下秀数字科技（集团）股份有限公司（以下简称"公司"） 董事会决策功能，确保董事会对经营管理的有效监督，完善公司治理结构，根据 《中华人民共和国公司法》（以下简称《公司法》）、《上海证券交易所股票上 市规则》（以下简称《股票上市规则》）、《上市公司独立董事管理办法》（以 下简称《管理办法》）、《上海证券交易所上市公司自律监管指引第 1 号—规范 运作》《天下秀数字科技（集团）股份有限公司章程》（以下简称《公司章程》） 及其他有关规定，公司设立董事会审计委员会，并制定本实施细则。 第二条 董事会审计委员会是董事会依照《公司章程》设立的专门工作机构， 向董事会负责并报告工作，在董事会的领导下负责审核公司的财务信息及其披露、 监督及评估内外部审计工作和内部控制。 第二章 人员组成 第三条 审计委员会由不少于三名董事组成，其中独立董事占多数。独立董 事中至少有一名是会计专业人士。 第四条 审计委员会成员应当为不在公司担任高级管理人员的董事。 第五条 审计委员会成员由董事长、二分之一以上独立董事或全体董事 ...