本次电话会议紧密向信达证券签署服务协议的签约客户或收邀客户在任何情况下本电话会议的信息或所表述的意见不构成对任何人的投资建议也没有考虑到客户特殊的投资目标财务状况或需求会议中如设计第三方专家发言其内容仅代表专家个人观点根据监管规定未经信达证券说明授权引进任何机构或个人 对于违反上述情形的信达证券对此等行为不承担任何责任且信达证券将保留一切法律权利感谢您的理解和支持 好的各位投资者上午好我是信达传媒团队白云翰那今天我们非常有幸邀请到我们这处文化的邱总然后给我们回顾一下公司在23年以及21季度的一个业绩表现然后以及包括后续公司在今年的各个业务上的一些规划方向等等 对 然后首先我把时间就交给邱总然后后续我们会开放QA环节对 大概是这样一个流程 邱总嗯 好的 好的好 是 那我先为这个各位这个解读一下这是公司23年的这个全年业绩和这个一级报的这个业绩啊 那么这个23年的这个年报呢其实这个发出来应该有一段时间了那还是这个为大家整体介绍一下从营收端来说呢这个23年是30.7亿啊这个同比呢有一定的下滑这个最主要原因呢是这个社交业务的这个战略调整然后这个占了大头然后这个规模经济润呢这个23年实现了这个6.63亿同比呢是增长了3 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥678,240,718.47, representing a decrease of 26.58% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥99,235,247.44, down 63.37% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥71,200,940.14, a decrease of 57.51% compared to the previous year[7]. - Basic and diluted earnings per share were both ¥0.08, down 61.90% from the same period last year[7]. - The net profit for the first quarter of 2024 is 103,735,777.41, compared to a net profit of 299,104,869.81 in the same period last year, indicating a decrease of approximately 65.3%[39]. - The net profit attributable to shareholders of the parent company is 99,235,247.44, down from 270,927,305.03, reflecting a decline of about 63.4%[39]. - The company reported a net profit of CNY 103,735,777.41 for Q1 2024, a decrease of 68.7% from CNY 331,514,683.12 in Q1 2023[50]. Cash Flow and Assets - The net cash flow from operating activities was -¥237,663,999.02, reflecting a decline of 256.70% year-on-year[7]. - Cash and cash equivalents decreased to approximately ¥1.38 billion, down from ¥1.89 billion at the end of the previous year, representing a decline of 27.01%[34]. - The total current assets decreased to approximately ¥2.80 billion, down from ¥3.15 billion, indicating a decline of 11.00%[34]. - Long-term equity investments decreased to approximately ¥1.66 billion, down from ¥1.74 billion, reflecting a decrease of 4.06%[34]. - The ending balance of cash and cash equivalents as of Q1 2024 was CNY 1,376,407,803.39, down from CNY 1,672,990,525.95 in Q1 2023[42]. - The company experienced a net decrease in cash and cash equivalents of -CNY 513,336,869.17 in Q1 2024, compared to an increase of CNY 534,451,162.38 in Q1 2023[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,198[14]. - The largest shareholder, Zhejiang Media Holdings Group Co., Ltd., held 605,933,168 shares, accounting for 47.87% of the total shares[14]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥12.49 billion, a decrease of 3.29% compared to the end of the previous year[24]. - Total liabilities decreased from 1,515,845,915.74 to 1,275,970,281.33, a decline of about 15.8%[36]. - The total equity attributable to shareholders of the parent company increased to 9,968,815,817.94 from 9,869,298,444.84, showing an increase of approximately 1%[36]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled ¥28,034,307.30, with significant contributions from various non-operating income sources[10]. - Non-recurring gains and losses included a profit from the disposal of non-current assets amounting to approximately ¥18.13 million[25]. - The company reported government subsidies recognized in the current period amounting to approximately ¥2.49 million, which are closely related to normal business operations[25]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[26]. - The management indicated a cautious outlook for the next quarter, considering current market conditions and competition[26].

浙报数字文化集团股份有限公司 关于第十届监事会第六次会议决议的公告 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。 公司第十届监事会第六次会议于 2024 年 4 月 26 日以通讯会议方式召开，会 议通知于 2024 年 4 月 23 日以书面形式发出。本次会议应到监事 3 人，实到监事 3 人，会议由监事会主席林敏先生主持。本次会议的召开符合《公司法》及《公 司章程》的规定。会议审议并通过了以下议案： 一、《公司 2024 年第一季度报告》 证券代码：600633 股票简称：浙数文化 编号：临 2024-019 2、公司 2024 年第一季度报告的内容和格式符合中国证监会和上海证券交易所 的各项规定，所包含的信息真实地反映出公司报告期内的经营管理和财务状况等事 项； 3、在提出本意见前，未发现参与 2024 年第一季度报告编制和审议的人员有违 反保密规定的行为。 内容详见公司同日于上交所网站 www.sse.com.cn 及《上海证券报》披露的公告。 表决结果为：3 票同意，0 票反对，0 票弃权。 特此公告。 浙报数字文 ...

法律意见书 国浩律师（杭州）事务所 关 于 浙报数字文化集团股份有限公司 2023 年年度股东大会的 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二四年四月 国浩律师（杭州）事务所 股东大会法律意见书 国浩律师（杭州）事务所 关 于 浙报数字文化集团股份有限公司 在本法律意见书中，本所律师根据《股东大会规则》的要求，仅就本次股东 大会的召集、召开程序是否符合有关规定、出席会议人员资格和会议召集人资格 的合法有效性、会议表决程序和表决结果的合法有效性发表意见，而不对本次股 东大会所审议的议案内容和该 ...

一、 会议召开和出席情况 (一)股东大会召开的时间：2024 年 4 月 17 日 (二)股东大会召开的地点：浙江省杭州市拱墅区储鑫路 15 号浙报数字文化科技 园 A 座 3 楼 306 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 12 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 633,289,928 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 50.03 | | 份总数的比例（%） | | 证券代码：600633 证券简称：浙数文化 编号：临 2024-018 浙报数字文化集团股份有限公司 2023 年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 1、会议召开方式：会议采取现场投票与网络投票结合的方式进行表决； 2、召集人：公司董事会； 3、会议 ...

浙数文化 600633 浙报数字文化集团股份有限公司 2023 年年度股东大会 文件 2024 年 4 月 17 日 浙数文化 600633 浙报数字文化集团股份有限公司 2023 年年度股东大会议程 召开方式：本次股东大会采取现场结合网络投票的方式 召开时间：2024 年 4 月 17 日 14 点 30 分 召开地点：浙江省杭州市拱墅区储鑫路 15 号浙报数字文化科技园 A 座 3 楼 306 会议室 主 持 人：董事总经理 何锋 | 序号 | 议案 | 报告人 | | --- | --- | --- | | 1 | 2023年年度报告及摘要 | 郑法其 | | 2 | 2023年度财务决算报告 | 郑法其 | | 3 | 2023年度利润分配预案 | 郑法其 | | 4 | 关于2023年度日常关联交易情况及预计2024年度日常 | 郑法其 | | | 关联交易的议案 | | | 5 | 2023年度董事会工作报告 | 何锋 | | 6 | 2023年度监事会工作报告 | 林敏 | | 7 | 关于公司董事2023年度薪酬分配情况的报告 | 潘亚岚 | | 8 | 关于公司监事2023年度薪酬分配情况的 ...

◼ 事件：浙数文化发布 2023 年年报，报告期内公司实现营业总收入 30.78 亿，同比下滑 40.65%，归母净利润 6.63 亿，同比增长 34.91%，扣非后归母净利润为 3.59 亿，同 比下滑 38.95%。2023 年经营性净现金流为 8.4 亿，同比下滑 18.4%。 ◼ 1）游戏与社交业务：2023 年全年游戏收入为 13.17 亿，同比下滑 23.63%，下滑主要 由于子公司成本控制所致；社交业务收入为 7.69 亿，同比下降为 70.2%，社交业务的 整体收缩，对公司收入产生较大影响。毛利率端，游戏业务全年毛利率为 92.17%，较 2022 年增加 0.09 个百分点，社交业务毛利率为 57.18%，较去年同期增加 12.54 个百 分点，成本控制带动毛利率回升。子公司边锋网络 2023 年收入为 22.11 亿，同比下滑 49.8%，净利润为 6.39 亿，较 2022 年同期 7.06 亿略有下降，但净利率水平提升明显， 2023 年达到 28.9%，较 2022 年同期 16%大幅提升。 ◼ 2）IDC 业务：通过富春云科技开展 IDC 业务，提供基础设施建设及运营的服务。202 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a target price of 14.7 CNY, corresponding to a market capitalization of 186 billion CNY based on a 25x PE for 2024 [2][3]. Core Insights - The company experienced a slight profit pressure in 2023, with a focus on the progress of new digital technology businesses in 2024. The revenue for Q4 2023 was 790 million CNY, down 37% year-over-year (YOY), but up 32% quarter-over-quarter (QOQ). The net loss attributable to shareholders was 29 million CNY, a 122% YOY decline [1][2]. - For the full year 2023, the company reported total revenue of 3.078 billion CNY, a 41% YOY decrease, primarily due to a strategic contraction in its online social business. However, the net profit attributable to shareholders was 663 million CNY, a 35% YOY increase, driven by investment income and fair value changes [1][2]. Summary by Sections Financial Performance - In 2023, the gaming business generated 1.317 billion CNY in revenue, down 24% YOY, while the online social business saw a significant decline of 70% YOY, generating 769 million CNY. Conversely, the technology information service revenue grew by 6% to 641 million CNY, and digital marketing revenue increased by 24% to 337 million CNY, mainly due to the consolidation of a new subsidiary [2]. - The company’s cash flow from operating activities in Q4 was 322 million CNY, indicating a healthy cash flow status [1]. Business Outlook - Looking ahead to 2024, the company anticipates steady progress across multiple business lines, with a particular focus on the commercialization of its media vertical model, which has received regulatory approval. The digital technology segment is expected to benefit from synergies among its various initiatives, including cloud services and AI applications [2]. - The company is also expanding its business directions, including digital marketing and online literature, which are expected to contribute positively to future growth [2]. Financial Projections - The projected net profits for 2024, 2025, and 2026 are estimated at 744 million CNY, 803 million CNY, and 851 million CNY, respectively, reflecting a slight downward adjustment from previous forecasts due to macroeconomic conditions and business progress [2][7].

Investment Rating - The report maintains a "Buy" rating for the company Zhejiang Shuculture (600633) as of March 29, 2024 [3][20]. Core Insights - In 2023, the company reported a revenue of 3.08 billion yuan, a year-over-year decline of 40.65%, while the net profit attributable to shareholders was 660 million yuan, an increase of 34.9% [3][20]. - The company plans to distribute a cash dividend of 0.13 yuan per share, totaling 165 million yuan, with a dividend payout ratio of 24.82% [3][20]. - The decline in revenue is attributed to the contraction of the social business and asset impairment, which has put pressure on performance [4][16]. - The company's online game "Guandan" has gained popularity, and the gaming business is progressing steadily [5][16]. Financial Performance Summary - The online gaming business generated 1.317 billion yuan in revenue, down 23.6% year-over-year, with a gross margin of 92.17% [17]. - The online social business revenue was 769 million yuan, a significant decline of 70.2%, but with an improved gross margin of 57.18% [17]. - The company's total revenue for Q4 2023 was 790 million yuan, a decrease of 36.9% year-over-year, with a net loss attributable to shareholders of 29 million yuan [20]. - The company reported a gross margin of 68.3% for 2023, an increase of 6.88 percentage points year-over-year, and a period expense ratio of 42.9%, down 1.41 percentage points [20]. Future Earnings Forecast - The company is expected to see a gradual recovery, with projected net profits of 769 million yuan, 861 million yuan, and 945 million yuan for 2024, 2025, and 2026, respectively [21][20]. - The earnings per share (EPS) are forecasted to be 0.61 yuan, 0.68 yuan, and 0.75 yuan for the same years [21][20]. - The price-to-earnings (P/E) ratio is expected to decrease from 21.27 in 2023 to 14.92 by 2026, indicating potential value appreciation [21][20].

——浙数文化(600633) 2023 年年报点评 2023 年全年，公司实现营业收入 30.78 亿元，同比下降 40.65%，主要系 子公司边锋网络社交业务战略性收缩所致，全年实现归母净利润 6.63 亿元， 归母净利率达 21.54%，同比提升 12.10pct。费用端看，公司 2023 年管理 /销售/研发费用率分别为 15.15%/13.77%/14.40%，较 2022 年+7.57/- 13.15/+4.47pct.，社交业务收缩导致市场推广费用减少使得公司营销费用率 下降明显；公司加大研发投入力度，2023 年末技术研发人员占公司总人数 比例达 47.04%。 浙数文化(600633)公司点评报告 2024 年 03 月 28 日 点评： 数字科技业务实现稳健增长，数据要素打开向上空间 [Table_Invest]买入|维持 [Table_ 相关研究报告 DocReport] | --- | --- | |----------------------------|-----------------------| | [Table_ 报告作者 Author] | | | 分析师 | 李典 | | ...