Core Viewpoint - Fengyuzhu (603466.SH) has officially opened the "Water's Edge Science Fiction Museum" in Shanghai on June 27, featuring the "Three-Body Future Academy" as its core, which is officially authorized by the Three-Body Universe [1] Group 1: Project Overview - The project integrates technology, culture, and education into a national science fiction theme scene [1] - Fengyuzhu employs a "gamification" design approach to create an immersive science fiction experience for visitors [1] Group 2: Operational Strategy - The "Three-Body Future Academy" has opened a reservation ticketing channel through the museum's mini-program, with public access starting on July 5 [1] - The company is adopting an EPCO+IP operational model to expand online IP into offline scenarios, actively exploring the digital application of cultural tourism and lifestyle consumption [1] - This initiative marks the beginning of a new ecosystem for IP cultural tourism operations [1]

Market Overview - On August 12, the digital media sector declined by 0.33%, with Fengyuzhu leading the drop [1] - The Shanghai Composite Index closed at 3665.92, up 0.5%, while the Shenzhen Component Index closed at 11351.63, up 0.53% [1] Stock Performance - Notable gainers included *ST Fanli, which rose by 4.04% to a closing price of 4.38, and Shengyibao, which increased by 2.07% to 21.22 [1] - Major decliners included Fengyuzhu, which fell by 2.30% to 10.60, and Chuanwang Media, which decreased by 1.57% to 19.38 [2] Trading Volume and Value - The trading volume and value for key stocks in the digital media sector were significant, with Visual China recording a trading volume of 213,600 shares and a transaction value of 441 million yuan [1] - The overall net outflow of funds in the digital media sector was 106 million yuan, with retail investors contributing a net inflow of 109 million yuan [2][3] Fund Flow Analysis - The main funds showed a net outflow in several stocks, including Fengyuzhu with a net outflow of 10.91 million yuan, while retail investors showed a net inflow of 13.34 million yuan in the same stock [3] - Shengyibao had a net inflow of 49.42 million yuan from main funds, indicating strong interest from institutional investors [3]

Core Viewpoint - The major shareholders of Fengyuzhu (603466.SH) have recently reduced their holdings, with significant transactions occurring between July and August 2025, indicating a strategic shift in ownership structure [1] Shareholder Reduction Summary - Li Hui reduced his holdings by 11,895,700 shares, representing 2.00% of the company's total share capital, at a price range of 9.18 to 9.34 CNY per share, totaling approximately 110.31 million CNY [2][3] - The reduction period for Li Hui was from July 15 to July 22, 2025, and he currently holds 126,285,000 shares, which is 21.23% of the total share capital [2][4] - Shanghai Ligou Investment Partnership also reduced its holdings by 5,947,758 shares, accounting for 1.00% of the total share capital, at a price range of 9.99 to 11.34 CNY per share, totaling approximately 63.61 million CNY [3][4] - The reduction period for Ligou Investment was from July 15 to August 8, 2025, and it currently holds 13,470,630 shares, which is 2.26% of the total share capital [3][4] Combined Reduction Impact - The total reduction by Li Hui and Ligou Investment amounted to 17,843,458 shares, or 3.00% of the company's total share capital, with a combined total value of approximately 174.0 million CNY [4]

Summary of Key Points Core Viewpoint - The major shareholder of Shanghai Fengyuzhu Cultural Technology Co., Ltd. has completed a share reduction plan, resulting in a significant decrease in their ownership percentage [1][2]. Group 1: Shareholder Information - As of the announcement date, Mr. Li Hui holds 126,285,000 shares, accounting for approximately 21.23% of the total share capital of the company [1]. - Shanghai Ligou Investment Partnership holds 13,470,630 shares, representing about 6.12% of the total share capital [1]. Group 2: Reduction Plan Implementation - The reduction plan was first disclosed on June 12, 2025, and was executed between July 15, 2025, and August 8, 2025 [2]. - Mr. Li Hui reduced his holdings by 11,895,700 shares through block trading, achieving a total reduction of 2.00% of the company's total share capital [2]. - The total amount from this reduction was approximately 110,308,758 yuan, with a share price range of 9.18 to 9.34 yuan per share [2]. Group 3: Current Shareholding Status - After the reductions, Mr. Li Hui currently holds 126,285,000 shares, which is 21.23% of the total share capital [2]. - Ligou Investment has reduced its holdings by 5,947,758 shares through centralized bidding, with a total amount of approximately 63,608,938.27 yuan, at a price range of 9.99 to 11.34 yuan per share [2]. - The current holding of Ligou Investment is 13,470,630 shares, representing 2.26% of the total share capital [2].

Core Viewpoint - Fengyuzhu (SH 603466, closing price: 10.94 yuan) announced on August 8 that major shareholders have completed their share reduction plans, with significant shares sold through block trading and centralized bidding [2] Group 1: Shareholder Actions - Mr. Li Hui reduced his holdings by approximately 11.9 million shares, accounting for about 2% of the company's total share capital [2] - Ligou Investment reduced its holdings by approximately 5.95 million shares, representing about 1% of the company's total share capital [2] - The share reduction plan has been fully implemented as of the announcement date [2] Group 2: Revenue Composition - For the year 2024, the company's revenue composition is entirely from digital experiences, with a 100.0% contribution from this segment [2]

| | | 上海风语筑文化科技股份有限公司 大股东减持股份结果公告 本公司董事会、全体董事及相关股东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、减持主体减持前基本情况 股东名称 李晖 股东身份 控股股东、实控人及一致行动人 √是 □否 直接持股 5%以上股东 □是 □否 董事、监事和高级管理人员 □是 □否 其他：不适用 持股数量 138,180,700股 1 大股东持股的基本情况：截至本公告披露日，李晖先生持有上海风语 筑文化科技股份有限公司（以下简称"公司"）股份 126,285,000 股， 约占公司总股本的 21.23%；上海励构投资合伙企业（有限合伙）（以下 简称"励构投资"）持有公司股份 13,470,630 股，约占公司总股本的 2.26%。 减持计划的实施结果情况：2025 年 6 月 12 日，公司披露了《上海风语 筑文化科技股份有限公司股东减持股份计划公告》（公告编号： 2025-034）。截至本公告披露日，李晖先生通过大宗交易方式减持了 11,895,700 股，约占公司总股本的 2.00%；励构投资通 ...

Summary of Key Points - The company Fengyuzhu (603466.SH) announced that as of the date of the announcement, Mr. Li Hui has reduced his holdings by 11.8957 million shares, accounting for approximately 2.00% of the company's total share capital [1] - Additionally, Ligou Investment has reduced its holdings by 5.9478 million shares through centralized bidding, which represents about 1.00% of the company's total share capital [1]

Group 1 - The total salary scale of CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with the digital media industry CFOs' total salary amounting to 912.37 million yuan, an average salary of 912,400 yuan, reflecting a year-on-year increase of 0.5% [1] - In the digital media sector, 60% of CFOs hold a bachelor's degree, while 40% have a master's degree [1] - The average age of CFOs in the digital media industry is over 40, with the youngest being 39 years old [1] Group 2 - Zhuo Chuang Information is the only digital media listed company with both revenue and net profit growth in 2024, achieving revenue of 294 million yuan, a year-on-year increase of 3.8%, and a net profit of 71 million yuan, a year-on-year increase of 35.4% [2] - The company with the largest revenue decline in the digital media sector is Feng Yuzhu, with a revenue of 1.376 billion yuan, a year-on-year decrease of 41.4% [2] - There have been no CFOs penalized in the digital media industry for administrative regulatory measures or penalties in 2024 [2]

Market Overview - On August 6, the digital media sector rose by 0.84%, with Fengyuzhu leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Stock Performance - Fengyuzhu (603466) closed at 11.18, up 6.17% with a trading volume of 593,700 shares and a turnover of 653 million yuan [1] - Fantou Shuchuang (301313) closed at 27.49, up 2.50% with a trading volume of 86,400 shares and a turnover of 23.7 million yuan [1] - Zhaochuang Information (301299) closed at 66.26, up 1.41% with a trading volume of 16,700 shares and a turnover of 11 million yuan [1] - Other notable stocks include *ST Fanli (600228) at 4.26, up 1.19%, and People's Daily (603000) at 20.97, up 1.16% [1] Capital Flow - The digital media sector experienced a net outflow of 25.3 million yuan from institutional investors and 22.7 million yuan from retail investors, while retail investors saw a net inflow of 47.9 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor categories [2] Individual Stock Capital Flow - People's Daily (603000) had a net inflow of 61.58 million yuan from institutional investors, while it faced a net outflow of 30.26 million yuan from retail investors [3] - Fengyuzhu (603466) saw a net inflow of 32.69 million yuan from institutional investors, with a net outflow of 12.64 million yuan from retail investors [3] - Other stocks like Zhaochuang Information (301299) and *ST Fanli (600228) also showed varied capital flows, indicating differing investor interests [3]

Group 1 - The Sora concept (text-to-video) sector experienced a short-term surge on August 6, with significant stock movements [1] - Daheng Technology reached its daily limit increase, while Anhui Technology rose over 10% [1] - Other companies such as Wanjing Technology, Hongsoft Technology, Fengyuzhu, Qunxing Toys, and Kunlun Wanwei also saw increases in their stock prices [1]