| 证券代码：603466 | 证券简称：风语筑 | 公告编号：2026－013 | | --- | --- | --- | | 债券代码：113643 | 债券简称：风语转债 | | 上海风语筑文化科技股份有限公司 "风语转债"2026 年第一次债券持有人会议通知的公 告 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个别及连带责任。 重要内容提示： 经中国证券监督管理委员会《关于核准上海风语筑文化科技股份有限公司公 开发行可转换公司债券的批复》（证监许可[2021]4026 号）核准，公司公开发行 可转换公司债券 5,000,000.00 张，发行价格为人民币 100.00 元/张，募集资金总 额为人民币 500,000,000.00 元，扣除发行费用人民币 8,356,603.77 元，实际募集 资金净额为人民币 491,643,396.23 元。 根据《上海风语筑文化科技股份有限公司公开发行可转换公司债券募集 说明书》（以下简称"《募集说明书》"）、《上海风语筑文化科技股份有限 公司可转换公司债券持有人会议规则》（以下简称"《会议 ...

中信建投证券股份有限公司 关于上海风语筑文化科技股份有限公司 变更部分可转债募集资金投资项目的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐人"、"保荐 机构"）为上海风语筑文化科技股份有限公司（以下简称"风语筑"、"公司"）可 转债上市的保荐人及持续督导机构，根据《证券发行上市保荐业务管理办法》《上 市公司募集资金监管规则》《上海证券交易所股票上市规则》《上海证券交易所 上市公司自律监管指引第 1 号——规范运作》等法规的有关规定，对风语筑变更 部分可转债募集资金投资项目事项进行了审慎核查，核查情况如下： 一、变更募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于核准上海风语筑文化科技股份有限公司公 开发行可转换公司债券的批复》（证监许可[2021]4026 号）核准，公司公开发行 可转换公司债券 5,000,000.00 张，发行价格为人民币 100.00 元/张，募集资金总 额为人民币 500,000,000.00 元，扣除发行费用人民币 8,356,603.77 元，实际募集 资金净额为人民币 491,643,396.23 元。 该次募集资金到账时间为 ...

| 证券代码:603466 | | --- | | 债券代码:113643 | 债券代码：113643 债券简称：风语转债 证券代码：603466 证券简称：风语筑 公告编号：2026－011 上海风语筑文化科技股份有限公司 关于变更部分可转债募集资金投资项目的公告 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个别及连带责任。 一、变更募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于核准上海风语筑文化科技股份有限公司公 开发行可转换公司债券的批复》（证监许可[2021]4026 号）核准，公司公开发行 可转换公司债券 5,000,000.00 张，发行价格为人民币 100.00 元/张，募集资金总 额为人民币 500,000,000.00 元，扣除发行费用人民币 8,356,603.77 元，实际募集 资金净额为人民币 491,643,396.23 元。 原项目名称：范县文化艺术中心项目（减少募集资金投资总额）、天水 市规划馆项目（终止） 新项目名称：东坡休闲农业产业园数字文旅项目、比亚迪南宁迪空间布 展项 ...

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 | 证券代码：603466 | 证券简称：风语筑 | 公告编号：2026-012 | | --- | --- | --- | | 债券代码：113643 | 债券简称：风语转债 | | 上海风语筑文化科技股份有限公司 关于召开2026年第一次临时股东会的通知 2026年第一次临时股东会 召开的日期时间：2026 年 4 月 13 日 14 点 30 分 召开地点： 上海市江场三路 191 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 股东会召开日期：2026年4月13日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 4 月 13 日 至2026 年 4 ...

一、 审议通过《关于变更部分可转债募集资金投资项目的议案》 证券代码：603466 证券简称：风语筑 公告编号：2026－010 债券代码：113643 债券简称：风语转债 上海风语筑文化科技股份有限公司 第四届董事会第十三次会议决议公告 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个别及连带责任。 上海风语筑文化科技股份有限公司（以下简称"公司"）第四届董事会第十 三次会议于 2026 年 3 月 25 日以现场结合通讯方式召开。本次会议由董事长召集， 应参加表决董事 7 人，实际参加表决董事 7 人，本次会议的召集、召开符合《中 华人民共和国公司法》和本公司《公司章程》的有关规定，所作决议合法有效。 公司定于 2026 年 4 月 13 日召开 2026 年第一次临时股东会。 相关内容请查阅公司在上海证券交易所网站（www.sse.com.cn）披露的《上 海风语筑文化科技股份有限公司关于召开 2026 年第一次临时股东会的通知》。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 三、审议通过《关于提请召开"风语转债"2026 ...

债券代码：113643 债券简称：风语转债 证券代码：603466 证券简称：风语筑 公告编号： 2026－009 上海风语筑文化科技股份有限公司 关于"风语转债"付息公告 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个别及连带责任。 重要内容提示： 上海风语筑文化科技股份有限公司（以下简称"本公司""公司"）于 2022 年 3 月 25 日公开发行的可转换公司债券（以下简称"风语转债""可转债"）将 于 2026 年 3 月 25 日开始支付自 2025 年 3 月 25 日至 2026 年 3 月 24 日期间的利 息。根据《上海风语筑文化科技股份有限公司公开发行可转换公司债券募集说 明书》（以下简称"《募集说明书》"）有关条款的规定，现将有关事项公告如下： 一、风语转债发行上市概况 可转债付息债权登记日：2026 年 3 月 24 日 可转债除息日：2026 年 3 月 25 日 可转债兑息日：2026 年 3 月 25 日 本次每百元兑息金额（含税）：1.50 元 （一）债券名称：上海风语筑文化科技股份有限公司可转换公司债券 ...

Investment Rating - The report maintains a "Buy" rating for the media industry, highlighting potential growth opportunities driven by AI advancements and market adjustments [10]. Core Insights - The media industry is experiencing a transformative phase with the rise of AI-driven applications, particularly in digital marketing and content creation. The adjustment of commission rates by major platforms like Apple is expected to enhance the survival environment for innovative companies [4][16]. - The report emphasizes the importance of AI in reshaping content production, media forms, and interaction modes, indicating a shift from generative AI to agentic AI, which is expected to create significant economic value [17][18]. Industry Overview - The media sector has shown varied performance, with the Shanghai Composite Index and Shenzhen Component Index experiencing slight fluctuations. The media sub-sectors have seen significant movements, with notable gains in companies like Zhongnan Culture and China Science Publishing [15]. - The report discusses the impact of geopolitical pressures on market sentiment, suggesting that despite challenges, the upward trend in AI-driven application scenarios remains intact [4]. Key Recommendations - Specific stocks recommended for investment include: - Shunwang Technology (300113) for its positioning in consumer-grade graphics cards [5] - Yaoji Technology (002605) for its transition from traditional card games to digital marketing [5] - Perfect World (002624) for its upcoming game releases [5] - Wanda Film (002739) for its ongoing film projects and AI-enabled content development [5] - Mango Super Media (300413) for its innovative content strategies [5]. Market Dynamics - The report notes that the adjustment of commission rates by Apple, effective March 15, 2026, will lower the standard commission from 30% to 25%, benefiting smaller developers and enhancing competition in the market [16]. - The gaming sector is highlighted for its dual approach in overseas markets, with both casual and mid-core games showing strong revenue growth through strategic content updates and seasonal events [24]. Company Performance and Forecasts - The report provides detailed earnings forecasts for various companies, indicating a positive outlook for many within the media sector, with expected EPS growth across several firms [10]. - Companies like Bilibili (9626.HK) and Tencent (0700.HK) are noted for their strong content IP and community engagement, positioning them well for continued growth in the AI era [8].

| | | 上海风语筑文化科技股份有限公司 关于控股股东及其一致行动人权益变动触及 1%刻度 的提示性公告 控股股东李晖、辛浩鹰及其一致行动人上海励构投资合伙企业（有限 合伙）保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 重要内容提示： 权益变动方向 比例增加□ 比例减少 权益变动前合计比例 41.21% 权益变动后合计比例 40.96% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否 是否触发强制要约收购义务 是□ 否 3.一致行动人信息 | 一致行动人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | |  | 控股股东/实控人 | | | 辛浩鹰 | □ | 控股股东/实控人的一致 |  不适用 | | | 行动人 | | | | | □ | 其他直接持股股东 | | | 上海励构投资合伙企 业（有限合伙） | □ | 控股股东/实控人 | 913101083421373814 | | |  | 控股股东/实控人的一致 | | | ...

Investment Rating - The report maintains a "Buy" rating for the media industry, indicating a positive outlook for investment opportunities in this sector [1]. Core Insights - The media sector is positioned to benefit from the dual attributes of technology application and domestic demand, particularly in the context of the government's economic development goals for 2026, which aim for a growth rate of 4.5% to 5% [3][14]. - The transition to Web4.0 is expected to enhance the media landscape through AI empowerment, leading to new applications and content production paradigms [3][15]. - The report highlights the emergence of new consumption patterns, such as the "reward economy" and "accompaniment economy," which are anticipated to drive demand for media products and services [19][20]. Summary by Sections 1. Industry Review - The media industry has shown varied performance, with the internet marketing index experiencing significant declines while other sectors like vocational education have fared better [13]. - The report notes a substantial increase in the popularity of female-oriented AI dramas, which have become a key growth area within the industry [31][32]. 2. Industry Dynamics - The gaming sector continues to thrive, with major players like Tencent and NetEase leading in revenue generation, particularly during festive periods [27]. - E-commerce platforms are innovating with AI technologies, enhancing user engagement and operational efficiency [29][30]. - The report emphasizes the growing importance of AI in content creation, particularly in the realm of female-centric narratives, which are gaining traction in the market [31][32]. 3. Recommended Stocks - The report identifies several stocks to watch, including: - Shunwang Technology (300113) benefiting from Web4.0 applications - Mango Super Media (300413) focusing on AI-driven content - Wanda Film (002739) expected to recover post-holiday adjustments [4][8]. 4. Profit Forecasts - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for various companies, indicating a generally optimistic outlook for the media sector [8].

Investment Rating - The report maintains a "Buy" rating for the media industry, driven by the transformative impact of Web4.0 and AI agents on content production and interaction models [3][9]. Core Insights - Web4.0 represents a new era of intelligent internet, reshaping the digital landscape with AI as the core driver, leading to personalized services and new business models [4][5]. - The media industry is undergoing a significant transition from digitalization to intelligence, with AI and Web4.0 fundamentally altering content production methods and media forms [7][9]. Summary by Sections 1. Web4.0 Overview - Web4.0 is characterized by intelligent connectivity, human-machine symbiosis, and multi-modal interaction, breaking down barriers between interfaces and infrastructures [19][20]. - The evolution from Web1.0 to Web4.0 highlights a shift from passive consumption to active collaboration between humans and AI agents [22]. 2. AI Empowerment in Web4.0 - AI agents are set to enhance productivity by automating content generation and facilitating new media interactions, transitioning from simple query responses to fully automated task handling [6][40]. - The digital marketing landscape is evolving, with AI agents becoming essential in optimizing advertising strategies and enhancing user engagement [47][63]. 3. Investment Opportunities - Companies such as BlueFocus, Shunwang Technology, and Wanda Film are leveraging AI in digital marketing, enhancing ad conversion rates and creating innovative marketing solutions [7][9]. - The report highlights several companies with strong growth potential, including: - Wanda Film (002739): Focused on integrating AI into its content production and marketing strategies [9]. - BlueFocus (300058): Deepening its "All in AI" strategy through partnerships and AI-driven marketing solutions [7]. - Shunwang Technology (300113): Expanding its cloud services and digital marketing capabilities [7]. 4. Market Projections - The Chinese GEO market is projected to grow from 94.2 billion yuan in 2026 to 633.8 billion yuan by 2030, driven by the adoption of AI in digital marketing [63][64]. - The global AIGC market is expected to expand significantly, with estimates suggesting a rise from $24.08 billion in 2026 to approximately $143.09 billion by 2035 [72]. 5. Company Performance Forecasts - The report provides earnings forecasts for various companies, indicating a positive outlook for firms like: - Wanda Film: Expected EPS growth from -0.43 in 2024 to 0.60 in 2026 [11]. - BlueFocus: Anticipated EPS improvement from -0.12 in 2024 to 0.23 in 2026 [11]. - Shunwang Technology: Projected EPS growth from 0.36 in 2024 to 0.67 in 2026 [11].