Core Points - The stock price of Tianxiexiu experienced a decline of 2.09% on November 14, trading at 7.04 CNY per share with a total market capitalization of 12.727 billion CNY [1] - The company has seen a year-to-date stock price increase of 35.62%, with significant gains over various time frames: 10% over the last 5 trading days, 19.73% over the last 20 days, and 40.52% over the last 60 days [1] - For the period from January to September 2025, Tianxiexiu reported a 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] Company Overview - Tianxiexiu Digital Technology (Group) Co., Ltd. is based in Chaoyang District, Beijing, and was established on November 28, 1993, with its stock listed on August 7, 2001 [1] - The company's main business involves providing new media marketing services, with revenue composition heavily weighted towards influencer marketing platform services at 97.52% and the influencer economy ecosystem innovation segment at 2.48% [1] Shareholder and Market Data - As of September 30, 2025, the number of shareholders increased by 10.40% to 114,700, with an average of 15,756 circulating shares per person, a decrease of 9.42% [2] - The company has made cumulative cash distributions of 216 million CNY since its A-share listing, with 61.644 million CNY distributed over the last three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 18.0274 million shares, an increase of 4.0199 million shares from the previous period [3]

Core Insights - The advertising and marketing sector saw a rise of 0.93% on November 13, led by Sai Group, while the Shanghai Composite Index closed at 4029.5, up 0.73%, and the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Group 1: Stock Performance - The top-performing stocks in the advertising and marketing sector included: - Yinhai Group (300781) with a closing price of 38.69, up 8.01% and a trading volume of 70,200 shares, totaling 259 million yuan [1] - Easy Point (301171) closed at 31.32, up 4.99% with a trading volume of 203,600 shares, totaling 614 million yuan [1] - BlueFocus (300058) closed at 8.29, up 4.54% with a trading volume of 5.31 million shares, totaling 429.5 million yuan [1] Group 2: Capital Flow - The advertising and marketing sector experienced a net outflow of 150 million yuan from institutional investors, while retail investors saw a net inflow of 10.47 million yuan [2] - Notable capital flows included: - BlueFocus (300058) had a net outflow of 56.09 million yuan from institutional investors [3] - New Huadu (002264) saw a net inflow of 48.89 million yuan from institutional investors [3] - Yinhai Group (300781) had a net inflow of 38.41 million yuan from institutional investors [3]

Core Viewpoint - Tianxiexiu (600556) experienced a trading halt today with a significant increase in trading volume and fluctuations, indicating heightened market activity and investor interest [2] Trading Performance - The stock reached its daily limit with a turnover rate of 14.01% and a total transaction value of 1.763 billion yuan, showing a price fluctuation of 10.06% [2] - The stock was listed on the Shanghai Stock Exchange due to a daily price deviation of 10.13% [2] Capital Flow - The net inflow of main funds for the stock today was 322 million yuan, with large orders contributing a net inflow of 389 million yuan, while large orders saw a net outflow of 66.24 million yuan [2] - Over the past five days, the net inflow of main funds totaled 312 million yuan [2] Margin Trading Data - As of November 11, the stock's margin trading balance was 643 million yuan, with a financing balance of 641 million yuan and a securities lending balance of 2.1287 million yuan [2] - In the last five days, the financing balance increased by 78.03 million yuan, representing a growth of 13.87%, while the securities lending balance rose by 345,200 yuan, a growth of 19.35% [2] Financial Results - For the first three quarters, the company reported a total revenue of 2.734 billion yuan, a year-on-year decrease of 10.21%, and a net profit of 35.6563 million yuan, down 45.49% year-on-year [3]

Core Insights - The advertising and marketing sector saw a slight increase of 0.1% on November 12, with Tianxiexiu leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Tianxiexiu (600556) closed at 7.22, up 10.06% with a trading volume of 2.53 million shares and a transaction value of 1.763 billion [1] - Xuanya International (300612) closed at 16.17, up 7.02% with a trading volume of 361,700 shares and a transaction value of 591 million [1] - Jiayun Technology (300242) closed at 5.11, up 4.07% with a trading volume of 451,900 shares and a transaction value of 228 million [1] - Yuanlong Yatu (002878) closed at 19.47, up 2.37% with a trading volume of 130,450 shares and a transaction value of 585 million [1] - BlueFocus Communication Group (300058) closed at 7.93, up 1.41% with a trading volume of 4.284 million shares and a transaction value of 3.371 billion [1] Capital Flow - The advertising and marketing sector experienced a net inflow of 33.5871 million from institutional investors, while retail investors saw a net outflow of 134 million [2] - The main stocks with significant capital inflow included Tianxiexiu with 27.5 million and Yuanlong Yatu with 44.67 million [3] - Retail investors showed a notable outflow from stocks like Xuanya International and Jiayun Technology, with outflows of 60.25 million and 17.37 million respectively [3]

Group 1 - The cultural media sector experienced a surge, with GuiGuang Network approaching the daily limit increase [1] - XuanYa International, TianXiaXiu, and FenZhong Media also saw gains alongside GuiGuang Network [1]

Group 1 - The core point of the news is that Tianxiaxiu Digital Technology (Group) Co., Ltd. experienced a stock price increase of 5.03%, reaching 6.89 CNY per share, with a trading volume of 343 million CNY and a turnover rate of 2.82%, resulting in a total market capitalization of 12.455 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 innovative business segment of the influencer economy ecosystem [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Southern Fund is among them. The Southern CSI 1000 ETF (512100) reduced its holdings by 115,600 shares in the third quarter, now holding 11.5635 million shares, which accounts for 0.64% of the circulating shares [2] - The Southern CSI 1000 ETF (512100), established on September 29, 2016, has a latest scale of 76.63 billion CNY, with a year-to-date return of 28.07% and a one-year return of 16.08% [2] - The fund manager, Cui Lei, has been in the position for 7 years and 7 days, managing a total fund asset scale of 122.76 billion CNY, with the best fund return during the tenure being 179.77% and the worst being -15.93% [2]

Group 1 - The company has decided to abolish the supervisory board and amend its articles of association and governance systems, with the audit committee of the board taking over the supervisory functions [1][27][33] - The current supervisors will be relieved of their duties once the shareholders' meeting approves the cancellation of the supervisory board [2][27] - The amendments to the articles of association and governance systems are based on relevant laws and regulations, and will require approval from the shareholders' meeting [3][37] Group 2 - The company will hold its first extraordinary shareholders' meeting of 2025 on November 27, 2025, at 14:00 in Beijing [8][9] - Voting will be conducted through a combination of on-site and online methods, with specific timeframes for each [10][12] - The meeting will address the proposed amendments to the articles of association and governance systems, as well as other relevant matters [37][38]

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 （2025 年 11 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 ...

天下秀数字科技（集团）股份有限公司 董事会提名委员会实施细则 （2025 年 11 月） 第一章 总则 第一条 为完善天下秀数字科技（集团）股份有限公司（以下简称"公司"）的 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》等法律、法规、规范性文件及《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》）有关规定，公司特设立董事会提名委员会，并制定本细则。 第二条 董事会提名委员会是董事会下设的专门工作机构，主要负责拟定董事 和高级管理人员的选择标准和程序，对董事和高级管理人员人选及其任职资格进行 遴选、审核并提出建议。 第二章 人员组成 第三条 提名委员会成员由不少于三名董事组成，其中独立董事占多数。 第四条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的三 分之一提名，并由董事会选举产生。 第五条 提名委员会设主任委员（召集人）一名，由独立董事委员担任，在委 员内选举产生。 第六条 提名委员会 ...

天下秀数字科技（集团）股份有限公司 股东会议事规则 （2025年11月） 第一章 总 则 第一条 天下秀数字科技（集团）股份有限公司(以下简称"公司")为保证股东能 够依法行使职权，确保股东会平稳、有序、规范运作，根据《中华人民共和国公司 法》(以下简称《公司法》)、《中华人民共和国证券法》（以下简称《证券法》） 《上市公司章程指引》《上市公司股东会规则》及其他法律、法规、规范性文件以 及《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》)，结合 公司实际情况，制定本议事规则。 第五条 年度股东会应每年召开一次，并于上一会计年度结束后六个月内举行。 第六条 有下列情形之一的，公司在事实发生之日起两个月以内召开临时股东 会。 （一） 董事人数不足《公司法》规定的人数，或者少于《公司章程》规定人数 的三分之二时； （二） 公司未弥补的亏损达实收股本总额的三分之一时； （三） 单独或者合计持有公司百分之十以上股份的股东请求时； 1 （四） 董事会认为必要时； 第二条 公司应当严格按照法律、法规、规范性文件以及《公司章程》及本规 则的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行 ...