横店影视股份有限公司 2025 年第二次临时股东会会议资料 横店影视股份有限公司 2025 年第二次临时股东会 会议资料 二零二五年十月 横店影视股份有限公司 2025 年第二次临时股东会会议资料 横店影视股份有限公司 2025年第二次临时股东会参会须知 横店影视股份有限公司 2025 年第二次临时股东会会议资料 目 录 | 一、2025 | 年第二次临时股东会参会须知……………………………………………2 | | --- | --- | | 二、2025 | 年第二次临时股东会会议议程……………………………………………5 | 三、议案 议案一：《关于 2025 年前三季度利润分配预案的议案》…………………………7 1 四、股东及股东代理人参加股东会依法享有发言权、质询权、表决权等权利。 股东及股东代理人参加股东会应认真履行其法定义务，不得侵犯公司和其他股东 及股东代理人的合法权益，不得扰乱股东会的正常秩序。 为维护全体股东的合法利益，确保股东会的正常秩序和议事效率，保证会议 的顺利进行，横店影视股份有限公司（以下简称"公司"）根据《中华人民共和 国公司法》《中华人民共和国证券法》《横店影视股份有限公司股东会议 ...

Group 1: Coal Industry Insights - In Q3 2025, the proportion of coal stocks in actively managed funds decreased to 0.30%, indicating a low level of investment in the coal sector, which is at its lowest since 2008 [4][5][6] - Coal prices have been recovering, with the price of thermal coal reaching 770 RMB/ton by October 24, 2025, marking a new high for the year [6] - The coal mining industry is expected to maintain upward price trends due to seasonal demand and supply constraints from production regulations, with long-term price increases driven by rising operational costs and regulatory pressures [6] Group 2: Easy Point Technology - In Q3 2025, Easy Point Technology reported a revenue of 9.8 billion RMB, a year-on-year increase of 46.8%, driven by the growth of its programmatic advertising platform [10] - The company’s gross margin decreased to 13.06%, primarily due to rising traffic acquisition costs and increased R&D and sales expenses [10][11] - The programmatic advertising platform has seen significant growth, with daily ad requests reaching 220 billion, and the company is investing heavily in R&D to enhance its service capabilities [11][12] Group 3: Amway Corporation - Amway reported a revenue of 16.79 billion RMB in the first three quarters of 2025, a year-on-year decrease of 6.8%, with net profit declining by 19.2% [14][15] - The company is optimizing its product structure and expanding into emerging markets, with a focus on maintaining strong relationships with global clients like Nike and Adidas [17] - Despite challenges, Amway is seeing improvements in its operational performance, particularly in its Vietnam operations [16][18] Group 4: Nanjing Bank - Nanjing Bank achieved a revenue of 419.49 billion RMB in Q3 2025, reflecting an 8.79% year-on-year growth, with net profit increasing by 8.06% [19][20] - The bank's total assets reached 2.96 trillion RMB, a 14.31% increase from the previous year, with a notable growth in corporate loans [20] - The bank's non-performing loan ratio improved to 0.83%, indicating a strengthening of its asset quality [21] Group 5: Linglong Tire - Linglong Tire reported a revenue of 181.61 billion RMB in the first three quarters of 2025, a 13.87% increase, although net profit fell by 31.81% due to rising raw material costs [22][24] - The company’s tire production and sales volumes increased, with a focus on expanding its global footprint through its "7+5" strategy [27][28] - Linglong Tire is positioned as a leader in the domestic market and is actively pursuing international expansion, including a significant investment in Brazil [27][29] Group 6: Wuxi Bank - Wuxi Bank's revenue grew by 3.87% year-on-year in the first three quarters of 2025, with a net profit increase of 3.78% [30][31] - The bank's loan growth exceeded 10%, with a significant increase in corporate loans, indicating strong demand for financing [31] - The non-performing loan ratio remained stable at 0.78%, reflecting effective risk management practices [32] Group 7: China Aluminum - China Aluminum reported a revenue of 1,765 billion RMB in the first three quarters of 2025, with a net profit increase of 20.65% [33][34] - The company benefited from lower costs and rising prices for aluminum and alumina, contributing to improved profitability [34][35] - Production volumes for key products increased, supporting the overall positive performance of the company [34] Group 8: Jin Zai Food - Jin Zai Food achieved a revenue of 18.08 billion RMB in the first three quarters of 2025, with a slight increase of 2.05%, while net profit declined by 19.51% [37][38] - The company’s Q3 revenue growth of 6.55% indicates a recovery in its core product lines, although profitability remains under pressure due to increased costs [38][39] - Jin Zai Food is focusing on quality and new product development to enhance its market position [39] Group 9: China Coal Energy - China Coal Energy reported a revenue of 1,105.8 billion RMB in the first three quarters of 2025, a decrease of 21.2%, with net profit down by 14.6% [40][41] - The company’s Q3 performance improved due to rising coal prices and cost reductions, with a notable increase in profit margins [41] - The coal production and sales volumes showed resilience despite price pressures, indicating operational efficiency [41]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company has seen a year-on-year revenue increase of 15.9% in Q3 2025, reaching 522 million yuan, with a net profit of 4 million yuan compared to a loss of 71 million yuan in Q3 2024 [4][5] - The strong recovery in the film market has positively impacted the company's performance, with a significant improvement in gross margin to 7.55% from -8.42% in the previous year [4][5] - The company is actively exploring diversified cinema consumption scenarios and has implemented targeted marketing strategies for specific events [5] Financial Performance - In Q3 2025, the company's box office revenue from direct operations was 419 million yuan, maintaining a market share of 3.68% [4] - The company produced 10 films in Q3 2025, generating a total box office of 4.641 billion yuan, although the number of films produced decreased by one compared to the previous year [5] - Revenue projections for 2025-2027 are estimated at 2.392 billion yuan, 2.574 billion yuan, and 2.794 billion yuan respectively, with net profits expected to be 248 million yuan, 315 million yuan, and 404 million yuan [7][8] Market Position and Strategy - The company is focusing on increasing its investment in short dramas while being more cautious with film investments [5] - The company has established a short drama brand and is collaborating with overseas projects to enhance its content offerings [5] - The report highlights the company's steady expansion in cinema operations and its ongoing exploration of new consumption scenarios [5][6]

Investment Rating - The report maintains a "Buy" rating for the company [1][6][8] Core Insights - The company has shown a significant improvement in its financial performance, with Q3 2025 revenue reaching 522 million yuan, a year-over-year increase of 15.9%, and a net profit of 4 million yuan compared to a loss of 71 million yuan in Q3 2024 [4][5] - The growth in revenue and profit is attributed to a strong recovery in the film market and effective cost control measures [4][5] - The company is actively exploring diversified cinema consumption scenarios and has implemented targeted marketing strategies for specific events and holidays [5][6] Financial Performance Summary - Q3 2025 revenue: 522 million yuan (YOY +15.9%); net profit: 4 million yuan (compared to -71 million yuan in Q3 2024) [4][5] - Q3 2025 gross margin: 7.55% (compared to -8.42% in Q3 2024); net margin: 0.74% (compared to -15.78% in Q3 2024) [4][5] - The company’s box office revenue for its direct cinema operations was 419 million yuan in Q3 2025, with a market share of 3.68% [5] Future Projections - Revenue projections for 2025-2027 are 2.392 billion yuan, 2.574 billion yuan, and 2.794 billion yuan respectively, with net profits expected to be 248 million yuan, 315 million yuan, and 404 million yuan [7][8] - The company is increasing its investment in short films while being more cautious with film production [5][6]

Core Insights - As of October 24, 616 companies have released their Q3 2025 reports, with 389 reporting a year-on-year increase in net profit, while 227 reported a decline [1] - 410 companies experienced a year-on-year increase in operating revenue, whereas 206 reported a decrease [1] - 317 companies saw both net profit and operating revenue increase, while 134 companies experienced declines in both metrics [1] - Notably, 92 companies had a net profit growth rate exceeding 100%, with Jingrui Electric Materials leading at an astonishing 19,202.65% [1] Financial Performance Summary - Jingrui Electric Materials (300655) reported earnings per share of 0.1212, net profit of 128.37 million, and a net profit increase of 19,202.65%, with operating revenue of 118.68 million, up 11.92% [1] - Xiaoming Co. (300967) had earnings per share of 0.9846, net profit of 183.06 million, and a net profit increase of 2,243.97%, with operating revenue of 102.41 million, up 58.98% [1] - New Strong Union (300850) reported earnings per share of 1.7800, net profit of 663.84 million, and a net profit increase of 1,939.50%, with operating revenue of 361.79 million, up 84.10% [1] - Other notable companies include Yinglian Co. (002846) with a net profit increase of 1,572.67% and TianNeng Heavy Industry (300569) with a net profit increase of 1,359.03% [1] Additional Company Highlights - Zhimin Da (688636) reported earnings per share of 0.4900, net profit of 81.99 million, and a net profit increase of 995.37%, with operating revenue of 51.16 million, up 145.16% [1] - Special One Pharmaceutical (002728) had earnings per share of 0.1300, net profit of 65.22 million, and a net profit increase of 985.18%, with operating revenue of 69.19 million, up 51.86% [1] - Wanchen Group (300972) reported earnings per share of 4.6840, net profit of 854.98 million, and a net profit increase of 917.04%, with operating revenue of 3,656.23 million, up 77.37% [1]

Core Viewpoint - The Chinese film industry is experiencing significant growth, with total box office revenue for 2025 surpassing that of 2024, leading to impressive financial results for cinema companies like Hengdian Film [2][3]. Financial Performance - Hengdian Film reported a net profit of 206 million yuan for the first three quarters of 2025, marking a year-on-year increase of 1084.80% [2][3]. - The company's revenue for the same period reached 1.895 billion yuan, reflecting a growth of 17.28% [3]. - The total box office for the first nine months of 2025 was 41.952 billion yuan, with a total of 985 million moviegoers, both showing growth of over 21% compared to the previous year [3]. Profit Distribution - Hengdian Film plans to distribute a cash dividend of 0.14 yuan per share, totaling approximately 88.788 million yuan, which represents 43.10% of the net profit attributable to shareholders for the first three quarters [4]. Business Strategy and Diversification - The company is actively exploring non-box office revenue streams, including short films and derivative products, to adapt to industry trends [2][6]. - Hengdian Film has initiated various marketing campaigns and themed viewing activities to attract diverse audiences, including students and families [7]. - The company is leveraging its cinema spaces for additional revenue through food and beverage sales, merchandise, and immersive experiences [7][8]. Short Film Development - Hengdian Film is investing in short film production, establishing a brand for short films and collaborating with various platforms for distribution [8][9]. - The company aims to utilize its extensive resources and filming locations to produce short films efficiently and cost-effectively [10]. Market Challenges - Despite the growth, the film market faces challenges such as a lack of blockbuster films and fluctuating box office performance, particularly during holiday periods [5][6]. - Analysts suggest that the company must innovate in content creation to stand out in a competitive short film market [10].

Core Viewpoint - Hengdian Film and Television has completed the business registration change and obtained a new business license from the Zhejiang Provincial Market Supervision Administration [1] Company Summary - Hengdian Film and Television (stock code: 603103) announced the completion of the business registration change [1] - The company has received a new business license issued by the Zhejiang Provincial Market Supervision Administration [1]

证券代码：603103 证券简称：横店影视 公告编号：2025-038 横店影视股份有限公司 关于完成工商变更登记并换发营业执照的公告 经营项目以审批结果为准)。 一般项目：企业总部管理；自有资金投资的资产管理服务；广告设计、代理； 广告制作；广告发布；非居住房地产租赁；互联网销售（除销售需要许可的商品）； 食品互联网销售（仅销售预包装食品）；食品销售（仅销售预包装食品）；眼镜 销售（不含隐形眼镜）；母婴用品销售；家用电器销售；宠物食品及用品零售； 服装服饰零售；化妆品零售；珠宝首饰零售；针纺织品销售；办公用品销售；乐 器零售；家具销售；礼品花卉销售；电子产品销售；日用杂品销售；日用百货销 售；工艺美术品及礼仪用品销售（象牙及其制品除外）；体育用品及器材零售； 户外用品销售；游艺及娱乐用品销售；玩具销售；休闲娱乐用品设备出租；会议 及展览服务；企业管理咨询；旅行社服务网点旅游招徕、咨询服务；组织文化艺 术交流活动；体验式拓展活动及策划；业务培训（不含教育培训、职业技能培训 等需取得许可的培训）；票务代理服务；信息系统集成服务；外卖递送服务；技 术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；数字内容 ...

Market Overview - The film and cinema sector saw a rise of 2.29% on October 23, with Happiness Blue Sea leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Happiness Blue Sea (300528) closed at 23.46, with a significant increase of 20.00% and a trading volume of 676,700 shares, amounting to a transaction value of 1.466 billion yuan [1] - Huanrui Century (000892) rose by 10.07% to close at 6.34, with a trading volume of 1,249,100 shares and a transaction value of 780 million yuan [1] - Jiecheng Co. (300182) increased by 3.25% to 6.36, with a trading volume of 1,993,500 shares and a transaction value of 1.257 billion yuan [1] - Other notable performers include Huayi Brothers (300027) up 2.85% to 2.53, and Light Media (300251) up 2.44% to 16.80 [1] Capital Flow Analysis - The film and cinema sector experienced a net inflow of 784 million yuan from institutional investors, while retail investors saw a net outflow of 596 million yuan [2] - The main stocks with significant net inflows include Happiness Blue Sea with 279 million yuan and Huanrui Century with 161 million yuan [3] - Conversely, retail investors showed notable outflows in stocks like Happiness Blue Sea and Huanrui Century, indicating a divergence in investment behavior [3]

Core Insights - The core viewpoint of the articles highlights the significant growth in Hengdian Film's financial performance, particularly in net profit, driven by increased revenue from film screening and related businesses [1][2]. Financial Performance - Hengdian Film reported a revenue of 1.895 billion yuan for the first three quarters of the year, representing a year-on-year increase of 17.28% [1]. - The net profit attributable to shareholders reached 206 million yuan, showing a remarkable year-on-year growth of 1084.80% [1]. Business Segments - The company's primary business segments include film screening and related derivative businesses, which account for over 80% of its revenue [1]. - In the first nine months, the box office revenue (excluding service fees) for Hengdian's cinema chain was 1.621 billion yuan, with a total of 45.6931 million viewers [1]. Market Trends - Nationally, the total box office for the first nine months reached 41.952 billion yuan, with 985 million viewers, reflecting a year-on-year growth of 21.13% and 21.16% respectively [2]. - The number of operational cinemas in the country increased to 13,400, marking a growth of 3.08% [2]. Investment Activities - Hengdian Film participated in the investment of several films released in the third quarter, including "Malice" (253 million yuan), "Adventure" (187 million yuan), "Nanjing Photo Studio" (3.016 billion yuan), and "Volunteers: Bloodbath for Peace" (581 million yuan) [2]. - The company is also exploring new growth opportunities through short dramas, having established the "Dahong Xiaoshu" brand and signed cooperation agreements with overseas companies for short drama projects [2].