1 目录 CONTENTS | 报告编制说明 | 01 | | --- | --- | | 董事长致辞 | 03 | | 01 | 关于上海电影 | | | --- | --- | --- | | | 公司简介 | 04 | | | 所获奖项及荣誉 | 05 | | 04 | 04 | 创新发展，筑梦光影未来 | 20 | | --- | --- | --- | --- | | 04 | | 创新驱动 | 20 | | 05 | | 产品质量 | 31 | | | | 客户服务 | 33 | | | | 数据安全与客户隐私保护 | 37 | | 02 | ESG 治理 | 06 | | --- | --- | --- | | | ESG 理念 | 06 | | | ESG 管理架构 | 07 | | | 议题重要性评估 | 08 | | 03 | 稳舵定锚，夯实治理基础 | 12 | | --- | --- | --- | | | 党建引领 | 12 | | | 公司治理 | 14 | | | 风险管理与合规运营 | 16 | | | 反商业贿赂及反贪污 | 18 | | 05 | 多维履责，共建和谐社会 | ...

三、分红送配方案情况 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.2000 | 0.2800 | -28.57 | -0.7300 | | 每股净资产（元） | 3.66 | 3.68 | -0.54 | 3.51 | | 每股公积金(元) | 1.55 | 1.56 | -0.64 | 1.68 | | 每股未分配利润(元) | 0.32 | 0.35 | -8.57 | 0.06 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 6.9 | 7.95 | -13.21 | 4.3 | | 净利润(亿元) | 0.9 | 1.27 | -29.13 | -3.28 | | 净资产收益率(%) | 5.47 | 7.88 | -30.58 | -19.10 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 33469.81万股，累计占 ...

上海电影（601595）公告，2025年第一季度营收为2.48亿元，同比增长17.90%；净利润为6527.19万 元，同比增长41.55%。 ...

Group 1 - The Osaka World Expo opened on April 13, showcasing the China Pavilion with the theme "Building a Community of Life Between Man and Nature - A Future Society of Green Development" [1] - The China Pavilion featured cutting-edge technologies such as the "Chang'e 5" lunar soil sample and the "Jiaolong" submersible experience cabin, utilizing interactive installations and digital technologies to engage visitors [1] - The AI model "AI Sun Wukong" made its debut at the expo, capable of real-time interaction in Chinese, Japanese, and English, providing humorous responses and intelligent guidance to global visitors [1][2] Group 2 - "AI Sun Wukong" employs advanced AI technologies including voice synthesis, lip-sync prediction, and image processing, allowing it to effectively communicate even in crowded environments [2] - The character is based on the classic animated figure from the 1960s film "Havoc in Heaven," created by the Shanghai Animation Film Studio, and was co-developed by iFLYTEK and Shanghai Film Group's subsidiary [2]

Investment Rating - The report maintains a "Buy" rating for the company [4][21]. Core Insights - The strategic partnership with ByteDance's Jidream is expected to position the company favorably in the AI application sector, focusing on AI-driven content innovation and industry upgrades [9][20]. - The company is projected to benefit from an unexpected increase in movie box office revenues in the first quarter, alongside potential growth from IP derivative areas such as games and card products [20][16]. Financial Projections - The company is expected to achieve net profits of 113 million, 272 million, and 393 million yuan for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of -10.86%, +140.58%, and +44.20% [21]. - Revenue forecasts indicate a growth from 368.35 million yuan in 2022 to 1.31 billion yuan in 2026, with a notable increase in net profit from -334.80 million yuan in 2022 to 392.66 million yuan in 2026 [3][21]. Strategic Developments - The collaboration with Jidream aims to enhance AI applications in the film industry, including the development of lightweight AI creation tools and a vast AI material library [9][10]. - The company is actively working on revitalizing classic IPs through AI and PUGC content, leveraging its rich portfolio of classic animations [13][20]. Market Performance - The company's stock has shown a relative decline over the past 12 months, with a performance of -15.00% compared to the market [5]. - The total market capitalization is approximately 11.73 billion yuan, with a stable shareholding structure where Shanghai Film Group holds 69.22% [5].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has entered a strategic partnership with Jimo AI, a content platform under ByteDance, focusing on the integration of AI and film, which is expected to enhance the commercialization of its quality animation and film IPs. The projected net profits for 2024, 2025, and 2026 are estimated to be 139 million, 273 million, and 376 million yuan respectively, with corresponding EPS of 0.31, 0.61, and 0.84 yuan. The current stock price corresponds to PE ratios of 84.5, 42.9, and 31.2 times for the respective years [4][5] Financial Summary - The total revenue for 2022 was 430 million yuan, with a significant increase to 795 million yuan in 2023, followed by a slight decrease to 788 million yuan in 2024. The revenue is expected to grow to 1,212 million yuan in 2025 and 1,461 million yuan in 2026, reflecting a year-on-year growth of 53.9% and 20.5% respectively [6][8] - The net profit attributable to the parent company was -328 million yuan in 2022, turning positive with 127 million yuan in 2023, and projected to reach 139 million yuan in 2024, 273 million yuan in 2025, and 376 million yuan in 2026, indicating a strong recovery and growth trajectory [6][8] - The gross margin is expected to improve from 22.8% in 2023 to 40.3% in 2026, while the net margin is projected to increase from 16.0% to 25.7% over the same period [6][9] IP Development and Content Strategy - The company is accelerating its IP development, with a strong pipeline of upcoming animated films such as "Little Monster's Summer" and "Nezha 2," which are expected to release in 2025. The company has also authorized nearly 500 products under its IPs, covering various categories including trendy toys and cultural gifts [5][6] - The collaboration with Jimo AI aims to enhance the company's content creation capabilities, leveraging AI for content generation and revitalization of classic IPs, which is anticipated to expand the company's market presence and drive growth [4][5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has entered a strategic partnership with Jimo AI, a content platform under ByteDance, focusing on the integration of AI and film, which is expected to enhance the commercialization of its quality animation and film IPs [4][5] - The projected net profits for the company from 2024 to 2026 are estimated to be 139 million, 273 million, and 376 million yuan respectively, with corresponding EPS of 0.31, 0.61, and 0.84 yuan [4] - The current stock price corresponds to a PE ratio of 84.5, 42.9, and 31.2 for the years 2024, 2025, and 2026 respectively [4] Financial Summary - The total revenue for 2022 was 430 million yuan, with a projected increase to 1,212 million yuan by 2025, reflecting a year-on-year growth of 53.9% [6] - The gross profit margin is expected to improve from 22.8% in 2023 to 40.3% by 2026 [6][9] - The company’s net profit margin is projected to rise from 16.0% in 2023 to 25.7% in 2026 [6][9] Content Development and IP Strategy - The company is set to release several high-quality animated films, including "Little Monster's Summer" and "Nezha 2," which are anticipated to drive continued growth in the animation sector [6] - The company has a robust IP portfolio, with nearly 500 licensed products across various categories, including toys and cultural gifts, enhancing its market presence [6]

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。 根据上海电影股份有限公司（以下简称公司）战略规划，为进一步提高公司 发行业务效率与市场竞争力，公司于 2025 年 2 月 26 日召开第五届董事会第四次 会议，审议通过了《关于聘任公司副总经理的议案》，同意聘任陈庆奕先生为公 司副总经理（简历详见附件），任期自本次董事会审议通过之日起至公司第五届 董事会任期届满之日止。 陈庆奕先生拥有丰富的影视行业经验，曾任博纳影业集团股份有限公司华东 大区总、发行总经理、集团副总裁兼发行公司总经理等职务，负责影片宣传发行 业务等工作，参与《比利·林恩的中场战事》《乘风破浪》《建军大业》《追龙》 《帕丁顿熊 2》《马戏之王》《红海行动》《无双》《烈火英雄》《中国机长》 《决战中途岛》《叶问 4》《中国医生》《长津湖》《长津湖之水门桥》《无名》 等多个项目的发行工作。其具备与其行使职权相适应的任职条件，任职资格符合 《公司法》《上海证券交易所股票上市规则》等有关法律法规和规范性文件的规 定，不存在不得担任高级管理人员的情形。 特此公告。 证券代码 ...

表决结果：8 票赞成，0 票反对，0 票弃权。 本议案已经提名委员会审议通过，无需提交公司股东大会审议。 具体内容请详见同日披露的《关于聘任公司副总经理的公告》（公告编号： 2025-002）。 证券代码：601595 证券简称：上海电影 公告编号：2025-001 上海电影股份有限公司 第五届董事会第四次会议决议公告 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。 一、董事会会议召开情况 上海电影股份有限公司（以下简称"公司"）于 2025 年 2 月 26 日以通讯表 决的方式召开了第五届董事会第四次会议（以下简称"本次会议"）。本次会议 通知及会议材料已于 2025 年 2 月 21 日通过电子邮件方式送达全体董事，本次会 议应出席董事 8 名，实际出席董事 8 名，出席董事占应出席人数的 100%，会议 由董事长王隽女士主持。本次会议的召集、召开程序符合《中华人民共和国公司 法》等相关法律、法规及《上海电影股份有限公司章程》的规定，会议决议合法、 有效。 二、董事会会议审议情况 1．审议通过《关于聘任公司副总经理的议案 ...

Group 1: Film Performance - The film "Good Things" has achieved a box office of 570 million CNY, with a projected total box office of 710 million CNY in mainland China [2] - "Good Things" has the highest screening and box office share among national cinemas, ranking No.1 [2] - On November 19, the attendance rate for "Good Things" was double the national average [2] Group 2: Business Strategy and Stability - Despite a significant decline in national film box office compared to the same period last year, the company's operational performance remains relatively stable due to strategic adjustments [2] - The company has adopted a dual-track business model, focusing on cinema operations and film content promotion as the primary track, while large IP development serves as the secondary track [2] - The company has implemented cost reduction strategies and negotiated rental terms with property owners to lower cinema operating costs [2] Group 3: IP Development and Future Plans - The company plans to further acquire 19% of the shares in Shanghai Film Yuan, increasing its total ownership to 70%, to enhance profitability and operational efficiency [4] - The company is actively developing new IP products in emerging technology entertainment fields, including AI and MR [4] - Upcoming films "Chinese Tales 2" and "Summer of Little Monsters" are in production, with a planned release in 2025 [6]