Financial Performance - The company's operating revenue for Q1 2025 was ¥896,709,381.90, a decrease of 7.09% compared to ¥965,091,939.19 in the same period last year[4] - Net profit attributable to shareholders was ¥13,332,627.11, down 8.80% from ¥14,618,685.98 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 44.99%, reaching ¥12,956,859.84 compared to ¥8,936,441.32 in the previous year[4] - Net profit for Q1 2025 was ¥9,934,672.45, a decline of 10.1% from ¥11,055,531.37 in Q1 2024[19] - The company recorded a tax expense of ¥215,479.96 in Q1 2025, significantly lower than ¥3,292,503.04 in Q1 2024[19] - Basic earnings per share for Q1 2025 were ¥0.0074, compared to ¥0.0081 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was -¥63,426,300.88, a decline of 100.29% from -¥31,667,117.62 in the same period last year[4] - The company reported a net cash flow from operating activities of -¥63,426,300.88 in Q1 2025, compared to -¥31,667,117.62 in Q1 2024[22] - In Q1 2025, the net cash flow from operating activities was ¥58,103,271.23, a significant improvement compared to a net outflow of ¥2,317,156.63 in Q1 2024[35] - Cash received from operating activities totaled ¥60,160,204.39 in Q1 2025, compared to ¥62,587.44 in Q1 2024[35] - The company paid ¥1,246,313.25 in taxes during Q1 2025, slightly up from ¥1,159,921.14 in the same period last year[35] - Cash paid to employees increased to ¥454,334.23 in Q1 2025 from ¥373,391.35 in Q1 2024[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,161,609,537.60, a decrease of 4.80% from ¥5,421,739,476.49 at the end of the previous year[5] - The company's current assets totaled RMB 4,356,633,518.83, down from RMB 4,615,129,893.14, indicating a decrease of about 5.6%[13] - Cash and cash equivalents decreased to RMB 1,459,463,613.91 from RMB 1,552,079,180.81, representing a decline of approximately 6.0%[13] - The company's total current liabilities were RMB 1,318,514,587.74, down from RMB 1,592,552,177.74, showing a decrease of approximately 17.2%[14] - The total liabilities amounted to ¥1,345,986,967.80, a decrease from ¥1,621,588,418.95 year-over-year[15] - The company's total liabilities amounted to approximately ¥59.76 million, an increase from ¥53.79 million, reflecting a growth of about 11.5%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 111,017[9] - The largest shareholder, ShowWorld HongKong Limited, held 332,615,750 shares, accounting for 18.40% of the total shares[9] - The total equity attributable to shareholders was ¥3,848,551,671.00, slightly up from ¥3,830,224,006.07 in the previous year[15] Operational Insights - The company reported a decrease in credit impairment losses, contributing to the increase in net profit after deducting non-recurring gains and losses[7] - The decrease in cash flow from operating activities was primarily due to a reduction in business receipts during the period[7] - The company is actively exploring new product development and market expansion strategies to enhance growth prospects[12] - There are ongoing discussions regarding potential mergers and acquisitions to strengthen market position and diversify offerings[12] Cost Management - Total operating costs for Q1 2025 were ¥889,632,108.07, down 6.3% from ¥949,825,095.51 in Q1 2024[18] - Research and development expenses for Q1 2025 were ¥21,989,931.38, down 23.3% from ¥28,650,785.63 in Q1 2024[18] - The company's management expenses for Q1 2025 were ¥5.62 million, significantly higher than ¥0.23 million in Q1 2024, indicating increased operational costs[31] Investment Activities - The company's net cash flow from investing activities was approximately ¥102 million, a significant improvement compared to a net outflow of ¥38 million in the previous period[23] - Total cash inflow from investment activities in Q1 2025 was ¥814,820,971.06, while cash outflow was ¥1,277,682,724.56, resulting in a net cash flow of -¥462,861,753.50[35] - The company received ¥2,409,963.64 in cash from investment income during Q1 2025[35] Long-term Investments - The company's long-term equity investments rose to ¥1.69 billion, a substantial increase from ¥444 million, showing a growth of over 280%[26]

证券代码：600556 证券简称：天下秀 公告编号：临 2025-024 天下秀数字科技（集团）股份有限公司 第十一届监事会第十四次会议决议公告 本公司监事会及全体监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。 天下秀数字科技（集团）股份有限公司（以下简称"公司"）第十一届监事 会第十四次会议于2025年4月28日以现场结合通讯方式召开。会议应出席监事3 人，实际出席监事3人。会议的召开符合《公司法》及《公司章程》的规定。全 体与会监事通过如下议案： 一、审议通过《关于公司2025年第一季度报告的议案》 具体内容请详见本公司于同日在上海证券交易所网站（www.sse.com.cn） 披露的公告。 表决结果：3票同意、0票反对、0票弃权。 二、审议通过《关于公司2024年度可持续发展报告的议案》 具体内容请详见本公司于同日在上海证券交易所网站（www.sse.com.cn） 披露的公告。 表决结果：3 票同意、0 票反对、0 票弃权。 特此公告。 天下秀数字科技（集团）股份有限公司监事会 二〇二五年四月二十九日 ...

证券代码：600556 证券简称：天下秀 公告编号：临 2025-023 表决结果：7票同意、0票反对、0票弃权。 二、 审议通过《关于公司 2024 年度可持续发展报告的议案》 具体内容请详见本公司于同日在上海证券交易所网站（www.sse.com.cn） 披露的公告。 本议案已经战略委员会审议通过，并同意将本议案提交公司董事会审议。 第十一届董事会第十四次会议决议公告 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。 天下秀数字科技（集团）股份有限公司（以下简称"公司"）第十一届董 事会第十四次会议于2025年4月28日以现场结合通讯方式召开。会议应出席董事 7人，实际出席董事7人。会议的召开符合《公司法》及《公司章程》的规定。 全体与会董事通过如下议案： 一、 审议通过《关于公司 2025 年第一季度报告的议案》 具体内容请详见本公司于同日在上海证券交易所网站（www.sse.com.cn） 披露的公告。 本议案已经审计委员会审议通过，并同意将本议案提交公司董事会审议。 天下秀数字科技（集团）股份有限公司 表决结果：7票同 ...

华泰联合证券有限责任公司 关于 天下秀数字科技（集团）股份有限公司 吸收合并北京天下秀科技股份有限公司暨关联交易 之 2024 年专项持续督导意见 独立财务顾问 签署日期：二零二五年四月 独立财务顾问声明 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"独立财务顾问"） 作为天下秀数字科技（集团）股份有限公司吸收合并北京天下秀科技股份有限公 司暨关联交易（以下简称"本次交易"）的独立财务顾问。 根据《公司法》《证券法》《重大资产重组管理办法》与《上市公司并购重组 财务顾问业务管理办法》等法律法规的有关要求，本独立财务顾问经过审慎核查， 结合上市公司 2024 年年度报告，出具本次重大资产重组的专项持续督导意见， 特作如下声明： 1、本专项持续督导意见所依据的文件、材料由交易各方提供，本次交易各 方均已向本独立财务顾问保证，其所提供的有关本次重大资产重组的相关信息真 实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 2、本独立财务顾问已按照规定履行尽职调查义务，有充分理由确信所发表 的专业意见与上市公司披露的文件内容不存在实质性差异。 3、本专项持续督导意见不构成对上市公司的任何投资建议，投资者根据 ...

Group 1 - The core viewpoint of the news is that Tianxiexiu, a new economy enterprise in the influencer sector, reported a revenue of 4.066 billion yuan and a net profit of 51 million yuan for the year 2024 [1] - The number of registered merchants on the platform reached 208,200, while the influencer scale reached 3.464 million, with professional influencers increasing by 44.7% year-on-year [1][3] - The AIGC product "Linggan Island" received dual compliance certifications in 2024, becoming one of the first approved generative AI service applications in Beijing [3] Group 2 - The influencer economy continues to grow, with the related market size reaching 6.4 trillion yuan in 2023, reflecting a year-on-year growth rate of 18.3% [3] - The global influencer marketing market is expected to grow rapidly to 32.55 billion USD by 2025, indicating a significant opportunity for international expansion [4] - "Linggan Island" will launch Japanese and English versions in 2024, supporting digital human cloning and multilingual content generation to assist brands in cross-border marketing [4]

Core Insights - The company, Tianxiaxiu, reported a stable performance in its 2024 annual financial results, achieving a revenue of 4.066 billion yuan and a net profit of 51 million yuan despite macroeconomic pressures [1] - The influencer marketing sector is experiencing growth, with professional influencers increasing by 44.7% to over 2.12 million, indicating a strategic resilience during industry adjustments [1] Group 1: Technology-Driven Upgrades - The WEIQ platform reached new heights in 2024, with registered merchant clients totaling 208,212, an increase of 8,423 from the previous year [2] - The number of registered influencer accounts surpassed 3.464 million, with professional influencers growing by 65,700 to 2.127 million, marking a 44.7% increase [2] - The shift towards "precision" in brand budgets is validating the company's strategic insights, as income from mid-tail influencers accounted for 87% of the platform's revenue [2] Group 2: AI Technology Integration - AI technology is reshaping the marketing landscape, with mainstream applications automating repetitive tasks, allowing marketers to focus on strategy and creativity [7] - The company's "Linggan Island" initiative leverages AIGC technology to enhance the entire marketing chain, from creative inspiration to performance tracking, significantly improving marketing efficiency [9] - Linggan Island has developed a SaaS-level solution for enterprises, enabling bulk content generation and management across various marketing scenarios, thus enhancing marketing efficiency [10] Group 3: Cross-Border Marketing Expansion - The cross-border influencer marketing market is experiencing explosive growth, with the company accelerating its global strategy [11] - In 2024, the company launched the "Xingyi" incubator brand in Tokyo, focusing on nurturing Chinese content creators in Japan and facilitating localized marketing for Chinese brands [11] - The cross-border influencer marketing market is projected to exceed 100 billion yuan by 2025, with a compound annual growth rate of 35% [11] Group 4: Industry Evolution - The marketing industry is entering a new development cycle, shifting from scale expansion to a focus on efficiency and value [12] - The company's AI-driven full-chain approach and cross-border marketing model are expected to be key drivers for the transformation and upgrading of the influencer marketing industry [12] - The future trajectory of the company may redefine the value creation logic in the digital marketing era [12]

www.zhcpa.cn 景 II | | 页 次 | | --- | --- | | 一、非经营性资金占用及其他关联资金往来情况的专项 | | | 审核说明 | 1-2 | | 二、非经营性资金占用及其他关联资金往来情况汇总表 | 3-5 | 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 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 关于天下秀数字科技（集团）股份有限公司 非经营性资金占用及其他关联资金往来情况的专项审核说明 关于天下秀数字科技（集团）股份有限公司 非经营性资金占用及其他关联资金往来情况的专项审核说明 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 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qian ...

Core Insights - The influencer economy is experiencing a significant slowdown in growth due to macroeconomic pressures and the peak of traffic dividends, with the industry market size reaching 6.4 trillion yuan in 2023, a year-on-year growth of 18.3%, down from 48% in 2021 [1][2] - Tianxiexiu, a leading company in the influencer economy, reported a revenue of 4.066 billion yuan and a net profit of 51 million yuan for 2024, demonstrating strong operational resilience in a complex market environment [1][2] Industry Overview - The influencer economy is transitioning from rapid growth to refined operations, with the market size expected to exceed 8 trillion yuan by 2025, indicating continuous growth despite a slowdown in growth rates [2][3] - The number of registered merchants on Tianxiexiu's WEIQ platform reached 208,200, and the number of influencers increased to 3.464 million, with professional influencers growing by 44.7% year-on-year [2][3] Business Strategy - Tianxiexiu is enhancing its core business through the WEIQ influencer marketing platform, which has achieved key breakthroughs in connecting supply and demand, reflecting the increasing aggregation effect of leading companies in the influencer economy [2][3] - The company is leveraging AI technology to improve data and content services, creating a virtuous cycle that supports efficient service for small and medium-sized businesses [4][5] Technological Innovation - Tianxiexiu has introduced API technology to integrate its self-developed influencer placement platform with ByteDance's platforms, exploring new paths for technological collaboration [3] - The company's AIGC product "Linggan Island" has established three differentiated advantages, including a vast marketing database, a functional matrix for content creators and businesses, and compliance certifications [4][5] Global Expansion - The global influencer marketing market is projected to grow rapidly, reaching $32.55 billion by 2025, with Tianxiexiu's overseas marketing strategy focusing on both "technology output" and "resource integration" [5] - The company has launched Japanese and English versions of Linggan Island to support cross-border marketing, while its Japanese subsidiary has obtained cross-border agency qualifications [5]

证券代码：600556 证券简称：天下秀 公告编号：临 2025-021 天下秀数字科技（集团）股份有限公司 关于召开2024年年度股东会的通知 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。 重要内容提示： 一、 召开会议的基本情况 (一) 股东会类型和届次 2024年年度股东会 股东会召开日期：2025年5月20日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网 投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七) 涉及公开征集股东投票权 无 二、 会议审议事项 本次股东会审议议案及投票股东 ...

天下秀数字科技（集团）股份有限公司（以下简称"公司"）第十一届监事 会第十三次会议于2025年4月22日以现场结合通讯方式召开。会议应出席监事3 人，实际出席监事3人。会议的召开符合《公司法》及《公司章程》的规定。全 体与会监事通过如下议案： 一、审议通过《关于公司2024年年度报告正文及摘要的议案》 具体内容请详见本公司于同日在上海证券交易所网站（www.sse.com.cn） 披露的公告。 表决结果：3票同意、0票反对、0票弃权。 本议案尚需提交公司股东会审议。 二、审议通过《关于公司2024年度监事会工作报告的议案》 证券代码：600556 证券简称：天下秀 公告编号：临 2025-009 天下秀数字科技（集团）股份有限公司 第十一届监事会第十三次会议决议公告 本公司监事会及全体监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。 公司监事会就2024年以来的工作情况进行了总结，形成了2024年度监事会 工作报告。 具体内容请详见本公司于同日在上海证券交易所网站（www.sse.com.cn） 披露的公告。 表决结果：3票同意、0票反对、0票弃 ...