Core Viewpoint - The A-share market has seen a significant rise in the gaming sector, with multiple stocks experiencing substantial gains following the successful launch of a new interactive game on Steam [1] Group 1: Stock Performance - Fuchun Co. reached a 20% limit up, while Tianxiaxiu previously hit a 10% limit up [1] - Giant Network increased by over 8%, and Mingchen Health and Kunlun Wanwei both rose by over 7% [1] - Century Huatong saw an increase of over 6%, and 37 Interactive Entertainment rose by over 5% [1] - Other notable gains include Kaiying Network, Chuling Information, and G-bits, each rising by over 4% [1] Group 2: Game Launch Impact - The interactive game "Jiangshan Beiwang," produced by Fenglin Entertainment under Huanrui Century, was launched on Steam [1] - Within 3 hours of its release, the game achieved the following rankings: 1st in "Upcoming Popular Games," 1st in "Rising Popular New Products," and 8th in the overall sales chart [1]

Core Viewpoint - The A-share market has seen a significant rally in AI-related stocks, indicating strong investor interest and potential growth in this sector [1] Group 1: Stock Performance - BlueFocus and Pinggao Group reached the daily limit up of 20% [1] - Guomai Technology, 360 Security Technology, and Shida Group hit the daily limit up of 10% [1] - Hongjing Technology increased by over 8% [1] - Insai Group, Kaile Shares, Tianxiao, and Hand Information rose by more than 7% [1] - Zhejiang Wenhu Internet and Focus Technology gained over 6% [1]

Market Overview - The advertising and marketing sector experienced a decline of 1.53% on November 20, with Fushi Holdings leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Fushi Holdings (300071) saw a significant drop of 9.46%, closing at 6.70, with a trading volume of 2.11 million shares and a turnover of 1.457 billion [2] - Other notable declines included Tianxiao (600556) down 6.34% to 6.20, and Xuanya International (300612) down 5.99% to 20.55 [2] - In contrast, Yidian Tianxia (301171) increased by 0.85% to 33.31, with a trading volume of 453,000 shares and a turnover of 1.518 billion [1] Capital Flow Analysis - The advertising and marketing sector experienced a net outflow of 1.063 billion from institutional investors, while retail investors saw a net inflow of 973 million [2][3] - The table of capital flow indicates that Yidian Tianxia had a net inflow of 1.211 billion from institutional investors, while it faced a net outflow of 35.54 million from retail investors [3]

Group 1 - The core point of the news is that Tianxiaxiu Digital Technology (Group) Co., Ltd. experienced a decline of 5.14% in its stock price, closing at 6.28 CNY per share, with a trading volume of 999.7 million CNY and a turnover rate of 8.55%, resulting in a total market capitalization of 11.353 billion CNY [1] - The company, founded on November 28, 1993, and listed on August 7, 2001, primarily provides new media marketing services, with 97.52% of its revenue coming from influencer marketing platform services and 2.48% from the influencer economy ecosystem innovation business segment [1] Group 2 - From the perspective of fund holdings, one fund under Chuangjin Hexin has a significant position in Tianxiaxiu, with the Chuangjin Hexin Quantitative Multi-Factor Stock A (002210) increasing its holdings by 156,800 shares in the third quarter, bringing the total to 842,100 shares, which represents 1.19% of the fund's net value, making it the fourth-largest holding [2] - The fund has a current scale of 375 million CNY and has achieved a year-to-date return of 34.18%, ranking 1200 out of 4208 in its category, with a one-year return of 35.1%, ranking 931 out of 3971, and a cumulative return since inception of 132.37% [2]

Market Overview - On November 19, the A-share market exhibited a volatile "roller coaster" trend, with the Shanghai Composite Index down 0.04% and the Shenzhen Component Index down 0.32%, while the ChiNext Index rose by 0.12% [3][4] - The total market turnover was 1.12 trillion yuan, showing a slight decrease compared to the previous day, with nearly 4600 stocks declining [4] Sector Performance - The oil and petrochemical, banking, insurance, and defense sectors showed positive performance, while real estate, media, building materials, and retail sectors struggled [4][19] - The motorcycle sector led with a 5.38% increase, followed by oil and gas at 2.54% and consumer goods at 2.25% [5] Stock Movements - In the Hong Kong market, major indices turned negative, with the Hang Seng Index down 0.45% and the Hang Seng Tech Index down 0.98%. Xiaomi Group led the decline, falling over 4% [6][7] - The media sector in A-shares saw significant declines, particularly in AIGC concept stocks, with Tianxiaxiu hitting the daily limit down [9][10] High-Profile Stocks - Among the top 10 market capitalization stocks, only Kweichow Moutai experienced a slight decline, while others, including Agricultural Bank of China and Industrial and Commercial Bank of China, saw gains [20] - The "Big Three" oil companies collectively performed well, with China Petroleum rising over 4% and China National Offshore Oil Corporation up over 2% [24][25] Concept Stocks - The Hainan Free Trade Port concept stocks experienced a collective pullback, with Hainan Ruize down over 9% and Hainan Airport down over 6% [11][12] - Solar glass concept stocks also faced declines, with Hainan Development dropping nearly 9% [13] Conclusion - The market showed clear signs of divergence, with large-cap stocks outperforming small-cap stocks, indicating a potential shift in investor sentiment [19][20]

Group 1 - The company has approved the use of up to RMB 700 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months from the board's approval date [2] - The decision was made during the 12th meeting of the 11th Board of Directors and the 12th meeting of the 11th Supervisory Board held on November 19, 2024 [2] - The company has fully returned the temporarily used raised funds to the special account for raised funds as of the date of this announcement [3]

证券代码：600556 证券简称：天下秀 公告编号：临 2025-049 天下秀数字科技（集团）股份有限公司 关于公司使用部分闲置募集资金 二〇二五年十一月十九日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、募集资金暂时补充流动资金情况 天下秀数字科技（集团）股份有限公司（以下简称"公司"）于2024年11 月19日召开第十一届董事会第十二次会议、第十一届监事会第十二次会议，会议 审议通过了《关于使用部分闲置募集资金暂时补充流动资金的议案》，同意在保 证募集资金投资项目建设的资金需求和不影响募集资金投资项目正常进行的前 提下，公司使用不超过人民币70,000.00万元闲置募集资金暂时补充流动资金，使 用期限自公司董事会审议通过之日起不超过12个月。具体内容详见公司于2024 年11月20日在上海证券交易所网站（www.sse.com.cn）披露的《关于使用部分闲 置募集资金暂时补充流动资金的公告》（公告编号：临2024-059）。 二、募集资金归还情况 截至本公告披露日，公司已将上述用于暂时补充流动资金的募集资金全额归 ...

天下秀数字科技（集团）股份有限公司 2025 年第一次临时股东会 会 议 资 料 （会议召开时间：2025 年 11 月 27 日） | | 1 | | --- | --- | | D | S | | V | œ | | | | 天下秀数字科技（集团）股份有限公司 2025 年第一次临时股东会会议须知 为维护股东的合法权益，确保会议正常进行，提高会议效率，根据《中华人民 共和国公司法》和《公司章程》等有关规定，特制定本须知： 1.根据上海证券交易所的相关规定，股东会相关资料已于上海证券交易所网站 （www.sse.com.cn）发布，会议现场仅提供会议议程及公共借阅的会议资料。 2.公司股东或股东代表参加会议，依法享有发言权、咨询权、表决权等各项权 利。 3.要求在会议发言的股东或股东代表，应当为在会议会务组登记的合法股东或 股东代表。 4.会议进行中要求发言的股东或股东代表，应当先向会议主持人提出申请，并 经主持人同意后方可发言。 6.会议采用现场投票与网络投票相结合的方式逐项进行表决。现场股东以其持 有的有表决权的股份数额行使表决权，每一股份享有一票表决权。股东在投票表决 时，应在表决票中每项议案项下的" ...

Group 1 - The core point of the article highlights that Tianxiaxiu's stock price increased by 5.52% to 7.46 CNY per share, with a trading volume of 828 million CNY and a turnover rate of 6.39%, resulting in a total market capitalization of 13.486 billion CNY [1] - Tianxiaxiu Digital Technology (Group) Co., Ltd. is based in Chaoyang District, Beijing, and was established on November 28, 1993, with its listing date on August 7, 2001. The company's main business involves providing new media marketing services [1] - The revenue composition of Tianxiaxiu's main business includes 97.52% from influencer marketing platform services and 2.48% from the innovative business segment of the influencer economy ecosystem [1] Group 2 - From the perspective of Tianxiaxiu's top ten circulating shareholders, data shows that a fund under Southern Fund ranks among the top shareholders. The Southern CSI 1000 ETF (512100) reduced its holdings by 115,600 shares in the third quarter, holding a total of 11.5635 million shares, which accounts for 0.64% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 27.45%, ranking 1919 out of 4216 in its category; the one-year return is 21.12%, ranking 2025 out of 3956; and since inception, the return is 12.79% [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has a cumulative tenure of 7 years and 12 days, with the current total asset scale of 122.76 billion CNY. The best fund return during the tenure is 181.49%, while the worst return is -15.93% [2]

Company Overview - Tianxiexiu Digital Technology (Group) Co., Ltd. is located in Chaoyang District, Beijing, and was established on November 28, 1993. The company was listed on August 7, 2001. Its main business involves providing new media marketing services, with revenue composition being 97.52% from influencer marketing platform services and 2.48% from the innovation segment of the influencer economy ecosystem [1][2]. Stock Performance - As of November 17, Tianxiexiu's stock price increased by 2.12%, reaching 7.22 CNY per share, with a trading volume of 667 million CNY and a turnover rate of 5.18%, resulting in a total market capitalization of 13.052 billion CNY [1]. - Year-to-date, Tianxiexiu's stock price has risen by 39.09%, with a 6.49% increase over the last five trading days, 23.42% over the last 20 days, and 42.41% over the last 60 days [1]. Financial Performance - For the period from January to September 2025, Tianxiexiu reported operating revenue of 2.734 billion CNY, a year-on-year decrease of 10.21%, and a net profit attributable to shareholders of 35.656 million CNY, down 45.49% year-on-year [2]. - The company has distributed a total of 216 million CNY in dividends since its A-share listing, with 61.644 million CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of Tianxiexiu shareholders increased by 10.40% to 114,700, with an average of 15,756 circulating shares per person, a decrease of 9.42% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the sixth largest, holding 18.0274 million shares, an increase of 4.0199 million shares from the previous period [3].