Market Overview - The digital media sector increased by 0.35% on October 29, with Fantou Shuchuang leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Fantou Shuchuang (301313) closed at 30.52, rising by 5.21% with a trading volume of 128,000 shares and a transaction value of 394 million yuan [1] - Zhidema (300785) closed at 34.56, up 2.31%, with a trading volume of 94,700 shares and a transaction value of 323 million yuan [1] - Shiyingbao (002095) closed at 19.93, increasing by 1.01%, with a trading volume of 67,600 shares and a transaction value of 134 million yuan [1] - Visual China (000681) closed at 20.61, up 0.73%, with a trading volume of 130,330 shares and a transaction value of 621 million yuan [1] - Xinhua Net (603888) closed at 19.59, increasing by 0.62%, with a trading volume of 68,200 shares and a transaction value of 133 million yuan [1] Capital Flow - The digital media sector saw a net inflow of 23.58 million yuan from institutional investors, while retail investors experienced a net outflow of 20.24 million yuan [2] - The main capital flow data indicates that Visual China had a net inflow of 81.44 million yuan from institutional investors, while it faced a net outflow of 72.99 million yuan from retail investors [3] - Zhidema experienced a net inflow of 21.10 million yuan from institutional investors, but a net outflow of 23.20 million yuan from retail investors [3]

Group 1 - The core viewpoint of the article highlights that Guomai Culture (600640.SH) reported a decline in total operating revenue for the first three quarters of 2025, amounting to 1.293 billion yuan, which represents a year-on-year decrease of 8.42% [1] - The net profit attributable to shareholders of the parent company reached 19.5849 million yuan, showing a significant year-on-year increase of 47.5% [1] - The basic earnings per share (EPS) for the company was reported at 0.0246 yuan [1]

证券代码：600640 证券简称：国脉文化 公告编号：临 2025-033 新国脉数字文化股份有限公司 第十一届董事会第十六次会议决议公告 表决结果：同意 8 票，反对 0 票，弃权 0 票。 三、关于公司 2024 年度工资总额清算及 2025 年度工资总额预算的 议案 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。 新国脉数字文化股份有限公司（以下简称"公司"）于2025年10月 28日在上海市江宁路1207号国脉文化大厦18楼以现场结合通讯方式召开 了第十一届董事会第十六次会议。会议通知及资料已于2025年10月23日 向全体董事发出。会议应出席董事9名，实际出席9名（其中，以通讯表 决方式出席2人）。董事长张伟先生主持本次会议，公司部分高级管理人 员列席会议。本次会议的召开及其程序符合有关法律、法规和《公司章 程》等规定。会议审议并通过了以下议案： 一、关于《公司 2025 年第三季度报告》的议案 具 体 情 况 详 见 公 司 于 本 公 告 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn ...

证券代码：600640 证券简称：国脉文化 公告编号：临 2025-034 新国脉数字文化股份有限公司 关于公司 2021 年股票期权激励计划第三个行权期行权条件 未成就及注销股票期权的公告 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。 新国脉数字文化股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开第十一届董事会第十六次会议，审议通过了《关于注 销部分离职人员股票期权、公司 2021 年股票期权激励计划第三个行 权期行权条件未成就及注销相应股票期权的议案》。根据《上市公司 股权激励管理办法》（以下简称"《管理办法》"）及公司《2021 年股票期权激励计划》（以下简称"《激励计划》"）等的有关规定， 现将相关情况公告如下： 一、公司 2021 年股票期权激励计划已履行的相关程序 7．2021 年 9 月 3 日，公司召开第十届董事会第十六次会议和第 十届监事会第九次会议，审议通过了《关于调整公司 2021 年股票期 权激励计划激励对象名单及授予权益数量的议案》和《关于向 2021 年股票期权激励计划激励 ...

注销部分股票期权的 法律意见书 国枫律证字[2021]AN100-7 号 致:新国脉数字文化股份有限公司 根据本所与公司签署的《律师服务合同》,作为公司本次股权激励计划的专 项法律顾问,已根据相关法律、法规和规范性文件的规定,并按照律师行业公认 的业务标准、道德规范和勤勉尽责精神出具了《北京国枫律师事务所关于号百控 股股份有限公司 2021 年股票期权激励计划(草案)的法律意见书》《北京国枫律 师事务所关于新国脉数字文化股份有限公司 2021 年股票期权激励计划调整及授 予事项的法律意见书》《北京国枫律师事务所关于新国脉数字文化股份有限公司 2021 年股票期权激励计划调整激励对象名单及期权数量并注销相应股票期权的 法律意见书》《北京国枫律师事务所关于新国脉数字文化股份有限公司注销 2021 年股票期权激励计划部分股票期权相关事项的法律意见书》《北京国枫律师事务 所关于新国脉数字文化股份有限公司 2021 年股票期权激励计划第一个行权期行 权条件未成就及注销部分股票期权的法律意见书》《北京国枫律师事务所关于新 国脉数字文化股份有限公司 2021 年股票期权激励计划第二个行权期行权条件未 成就及注销部分股票期权 ...

证券代码：600640 公司简称：国脉文化 中信证券股份有限公司 关于 新国脉数字文化股份有限公司 2021 年股票期权激励计划第三个行权期 行权条件未成就及注销部分股票期权事项 之 独立财务顾问报告 2025 年 10 月 | 一、释义 3 | | --- | | 二、声明 5 | | 三、基本假设 6 | | 四、本次激励计划履行的审批程序 7 | | 五、独立财务顾问的核查意见 11 | | 六、备查文件及咨询方式 13 | 一、释义 1．国脉文化、本公司、公司：新国脉数字文化股份有限公司。 2. 号百控股、号百控股股份有限公司：公司曾用名，号百控股股份有限公司 分别于 2021 年 8 月 2 日、2021 年 8 月 18 日召开董事会十届十四次会议、2021 年第一次临时股东大会，审议通过了《关于变更公司全称的议案》及《关于变更 公司经营范围暨修订 <公司章程> 的议案》，并于 2021 年 8 月 24 日正式变更为 "新国脉数字文化股份有限公司"。 3．独立财务顾问：中信证券股份有限公司 4．独立财务顾问报告：《中信证券股份有限公司关于新国脉数字文化股份有 限公司 2021 年股票期权激励计划 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥417,242,685.77, a decrease of 5.39% compared to the same period last year[2] - The total profit for the quarter was ¥10,474,113.60, reflecting a decline of 20.16% year-over-year[2] - Net profit attributable to shareholders was ¥5,662,137.67, showing a significant increase of 261.23% compared to the previous year[2] - The basic earnings per share for the quarter was ¥0.0071, up by 255.00% year-over-year[3] - The net profit attributable to shareholders for the year-to-date period was ¥19,584,876.74, an increase of 47.50% compared to the same period last year[2] - Net profit for the first three quarters of 2025 reached CNY 21,244,332.87, an increase of 16.5% from CNY 18,183,083.85 in 2024[18] - Earnings per share for the first three quarters of 2025 was CNY 0.0246, compared to CNY 0.0167 in the same period of 2024[18] Cash Flow - The net cash flow from operating activities reached ¥82,618,782.00, a substantial increase of 433.33% compared to the same quarter last year[3] - In the first three quarters of 2025, the net cash flow from operating activities was -$253.19 million, a decrease from $163.98 million in the same period of 2024[20] - Total cash inflow from operating activities was $1.65 billion, down from $3.12 billion year-over-year[20] - Cash outflow from operating activities increased to $1.90 billion compared to $2.96 billion in the previous year[20] - The net cash flow from investment activities was -$353.38 million, an improvement from -$850.47 million in the same period of 2024[20] - The company received $1.37 billion from the recovery of investments, a significant increase from $687 million in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,407,279,564.71, down 6.38% from the end of the previous year[3] - The total current assets as of September 30, 2025, amount to ¥2,829,995,948.34, an increase from ¥2,343,846,552.45 in December 2024[13] - Total liabilities decreased to CNY 935,954,101.01 in 2025 from CNY 1,318,777,798.69 in 2024, reflecting a reduction of approximately 29.0%[15] - Current liabilities totaled CNY 919,162,212.37, down 29.3% from CNY 1,300,073,073.61 in the previous year[15] - Non-current liabilities decreased to CNY 16,791,888.64 from CNY 18,704,725.08, a decline of 4.9%[15] - Total equity increased to CNY 4,471,325,463.70 in 2025 from CNY 4,457,236,874.42 in 2024, showing a growth of 0.3%[15] Shareholding Structure - China Telecom Group Co., Ltd. holds 51.16% of shares, totaling 407,061,147 shares[10] - China Telecom Group Industrial Asset Management Co., Ltd. owns 14.1% of shares, totaling 112,178,462 shares[10] - The company has no significant changes in the shareholding structure among the top 10 shareholders[11] Operational Insights - The company has been focusing on cost reduction and efficiency improvements, contributing to the increase in net profit[7] - The company has not engaged in any financing or margin trading activities during the reporting period[11] - There are no significant reminders for investors regarding the company's operational status during the reporting period[12] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 44,795,115.28, down 9.7% from CNY 49,383,887.13 in 2024[16] Financial Income and Expenses - The company reported a financial income of CNY 61,586,526.57 for the first three quarters of 2025, an improvement compared to a financial expense of CNY 70,628,794.55 in 2024[17]

Market Overview - The digital media sector experienced a decline of 0.18% on October 28, with Guomai Culture leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers included: - Fengyuzhu (603466) with a closing price of 9.71, up 4.63% and a trading volume of 343,000 shares [1] - Fantuo Digital (301313) closed at 29.01, up 4.35% with a trading volume of 101,100 shares [1] - Major decliners included: - Guomai Culture (600640) closed at 13.94, down 2.86% with a trading volume of 211,200 shares [2] - Visual China (000681) closed at 20.46, down 0.87% with a trading volume of 278,900 shares [2] Capital Flow - The digital media sector saw a net outflow of 4.39 million yuan from institutional investors and 72.86 million yuan from speculative funds, while retail investors had a net inflow of 77.25 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor categories [2] Individual Stock Capital Flow - Mango Super Media (300413) had a net inflow of 31.66 million yuan from institutional investors, while it faced a net outflow of 30.50 million yuan from speculative funds [3] - Xinhua Net (603888) experienced a net inflow of 20.07 million yuan from institutional investors, but a net outflow of 3.47 million yuan from speculative funds [3] - Fengyuzhu (603466) saw a net inflow of 11.69 million yuan from institutional investors, with a net outflow of 14.19 million yuan from speculative funds [3]

Market Overview - On October 27, the digital media sector declined by 0.17% compared to the previous trading day, with Fantuan Shuchuang leading the decline [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Notable stock performances in the digital media sector included: - *ST Fanli: Closed at 6.40, up 4.40% with a trading volume of 125,500 shares and a turnover of 79.92 million yuan [1] - Zhidema: Closed at 33.92, up 3.13% with a trading volume of 112,200 shares [1] - Sanliuwang: Closed at 12.90, up 1.82% with a trading volume of 63,500 shares [1] - Zhuochuang Information: Closed at 56.19, up 1.43% with a trading volume of 11,000 shares [1] - Xinhua Net: Closed at 19.42, up 0.15% with a trading volume of 61,700 shares [1] Capital Flow - The digital media sector experienced a net outflow of 13.44 million yuan from institutional investors, while retail investors saw a net inflow of 2.38 million yuan [2][3] - Key capital flows included: - Zhidema: Net outflow of 36.68 million yuan from institutional investors, with a net inflow of 13.11 million yuan from retail investors [3] - Zhuochuang Information: Net inflow of 7.59 million yuan from institutional investors [3] - Fantuan Shuchuang: Net outflow of 6.43 million yuan from institutional investors [3]

Group 1 - The gaming stocks experienced a significant drop, with Giant Network plunging over 8% to a price of 37.13 yuan and a trading volume exceeding 1 billion yuan [1] - Youzu Network fell nearly 6%, while other companies such as Kaiying Network, Perfect World, 37 Interactive Entertainment, and Glacier Network also showed weakness [3] - Specific stock performance included Youzu Network at 12.69 yuan (-5.86%), Kaiying Network at 23.66 yuan (-5.40%), and Perfect World at 16.82 yuan (-2.77%) [4]