截至发稿，风语筑市值为55亿元。 每经头条（nbdtoutiao）——独家丨民营船王入主杉杉集团横生枝节 重整联合体浮现神秘组局人 （记者 王瀚黎） 每经AI快讯，风语筑（SH 603466，收盘价：9.28元）10月27日晚间发布公告称，公司第四届第十二次 董事会会议于2025年10月27日以现场结合通讯方式召开。会议审议了《关于计提资产减值准备的议案》 等文件。 2024年1至12月份，风语筑的营业收入构成为：数字化体验占比100.0%。 ...

| 证券代码：603466 | 证券简称：风语筑 | 公告编号：2025－056 | | --- | --- | --- | | 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 关于不向下修正"风语转债"转股价格的公告 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： 因公司实施 2023 年年度权益分派，"风语转债"转股价格自 2024 年 6 月 7 日起调整为 15.03 元/股，具体内容详见公司于 2024 年 6 月 1 日在指定信息披露 媒体披露的《上海风语筑文化科技股份有限公司关于可转债转股价格调整的提示 性公告》（公告编号：2024-032）。 因向下修正转股价格，"风语转债"转股价格自 2025 年 5 月 9 日起调整为 12.02 元/股，具体内容详见公司于 2025 年 5 月 8 日在指定信息披露媒体披露的 《上海风语筑文化科技股份有限公司关于向下修正"风语转债" 转股价格暨转 股停牌的公告》（公告编号：2025-030）。 因公司实施 202 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Fengyuzhu, which reported a revenue increase of 38.88% year-on-year for the first three quarters of 2025, amounting to approximately 1.331 billion yuan [1] - The net profit attributable to shareholders of the listed company is approximately 52.7 million yuan, with a basic earnings per share of 0.09 yuan [1] - As of the report date, Fengyuzhu's market capitalization stands at 5.5 billion yuan [2]

一、 资产减值准备情况概述 根据《企业会计准则》及公司会计政策等相关规定，为客观反映公司的财务 状况、经营成果，基于谨慎性原则，公司经过对 2025 年 9 月 30 日存在可能发生 减值迹象的资产进行减值测试后，确认资产减值损失（含信用减值损失，下同） 37,985,234.72 元，其中计提资产减值损失具体如下： 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：2025－055 上海风语筑文化科技股份有限公司 关于计提资产减值准备的公告 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个别及连带责任。 根据中国企业会计准则及公司内部控制的要求，上海风语筑文化科技股份有 限公司（以下简称"公司"），对截至 2025 年 9 月 30 日的各项资产进行了减值 迹象的识别和测试，并根据结果对其中存在减值迹象的资产相应计提了减值准备， 现将相关情况公告如下： | 项 目 | 2025 年第三季度计提金额 | | --- | --- | | 一、信用减值损失 | 43,159,813.17 | | ...

| 证券代码：603466 | 证券简称：风语筑 公告编号：2025－054 | | --- | --- | | 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 第四届董事会第十二次会议决议公告 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。 本议案在提交董事会前已经审计委员会审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 三、 审议通过《关于不向下修正"风语转债"转股价格的议案》。 公司董事会及其董事保证公司 2025 年第三季度报告所载资料不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性负个 别及连带责任。 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 2025 年第三季度报告》。 本议案在提交董事会前已经审计委员会审议通过。 表决结果：赞成 7 票，反对 0 票，弃权 0 票。 二、 审议通过《关于计提资产减值准备的议案》。 相关内容请查阅公司在上海证券交易所网站（w ...

Financial Performance - The company's operating revenue for the third quarter reached ¥556,331,828, representing a year-on-year increase of 46.35%[4] - The total profit for the third quarter was ¥40,561,857, marking a significant increase of 116.78% compared to the same period last year[4] - The net profit attributable to shareholders for the third quarter was ¥35,748,525, reflecting an increase of 108.07% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,375,436, showing a substantial increase of 342.69% compared to the previous year[4] - The basic earnings per share for the third quarter was ¥0.06, a 100% increase from the previous year[5] - The diluted earnings per share for the third quarter was also ¥0.06, reflecting a 100% increase year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,330,942,755.58, a significant increase of 39% compared to ¥958,320,544.84 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥59,164,185.58, recovering from a loss of ¥140,183,563.06 in the first three quarters of 2024[20] - Net profit for the first three quarters of 2025 was ¥52,700,586.22, compared to a net loss of ¥117,122,676.67 in the same period of 2024[21] - Earnings per share for the first three quarters of 2025 were ¥0.09, a recovery from a loss of ¥0.20 per share in the first three quarters of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,623,171,624.43, a decrease of 4.73% from the end of the previous year[5] - The equity attributable to shareholders decreased by 2.90% to ¥2,147,116,191.46 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥3,834,040,153.75, a decrease from ¥4,134,882,203.86 at the end of 2024[15] - Total liabilities decreased from ¥2,641,303,041.77 to ¥2,476,055,432.97[16] - Total assets decreased from ¥4,852,515,844.47 to ¥4,623,171,624.43[15] - Non-current assets increased from ¥717,633,640.61 to ¥789,131,470.68[15] - The company has a total equity of ¥2,147,116,191.46 as of September 30, 2025[16] - The total assets and equity amounted to ¥4,623,171,624.43 as of the end of the reporting period, down from ¥4,852,515,844.47 in the previous year[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥94,542,854.51[5] - Cash inflow from operating activities for the first three quarters of 2025 was ¥1,334,160,894.09, slightly up from ¥1,308,828,530.09 in the same period of 2024[24] - The net cash flow from operating activities was $94.54 million, a significant improvement from a negative cash flow of $201.56 million in the previous period[25] - Total cash outflow from investing activities amounted to $1.41 billion, compared to $691.98 million in the prior period, resulting in a net cash flow from investing activities of -$333.96 million[25] - Cash outflow from financing activities was $130.48 million, slightly higher than $123.26 million in the previous period, leading to a net cash flow from financing activities of -$130.48 million[25] - The ending balance of cash and cash equivalents was $1.14 billion, down from $1.33 billion in the previous period[26] - The company paid $125.13 million in dividends and interest, compared to $121.46 million in the prior period[25] - Cash paid for other investing activities was $1.41 billion, significantly higher than $691.34 million in the previous period[25] - The total cash outflow from operating activities was $1.24 billion, down from $1.51 billion in the previous period[25] - The company received $1.07 billion from other investment-related cash inflows, compared to $620 million in the previous period[25] - The cash flow from investment activities showed a notable increase in cash inflows, reflecting a strategic focus on investment recovery[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 44,980[12] - The top two shareholders, Li Hui and Xin Haoying, hold 21.23% and 20.71% of shares respectively, totaling 249,460,831 shares[12] - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[13] Expenses - Total operating costs for the first three quarters of 2025 were ¥1,182,696,957.67, an increase from ¥945,438,597.15 in the first three quarters of 2024[19] - Research and development expenses for the first three quarters of 2025 were ¥44,857,232.95, a slight decrease from ¥46,518,822.71 in the same period of 2024[19] - Financial expenses for the first three quarters of 2025 increased to ¥10,669,765.53 from ¥4,156,627.15 in the same period of 2024[19] Credit Impairment - The company reported a significant reduction in credit impairment losses, which were -¥128,228,201.21 compared to -¥140,922,103.05 in the same period of 2024[20] Accounting Standards - The company did not apply new accounting standards starting from 2025, indicating a stable approach to financial reporting[27]

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]

Market Overview - On October 24, the digital media sector rose by 0.17% compared to the previous trading day, with Fantuan Shuchuang leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Fantuan Shuchuang (301313) closed at 29.00, with a significant increase of 12.27% and a trading volume of 128,800 shares, amounting to a transaction value of 359 million [1] - Other notable performers included Guomai Culture (600640) with a 2.92% increase, closing at 14.78, and Fengyuzhu (603466) with a 1.30% increase, closing at 9.38 [1] Fund Flow Analysis - The digital media sector experienced a net outflow of 63.29 million from institutional investors and 76.07 million from speculative funds, while retail investors saw a net inflow of 139 million [2][3] - Guomai Culture (600640) had a net inflow of 66.22 million from institutional investors, while Fantuan Shuchuang (301313) saw a net outflow of 33.95 million from speculative funds [3]

Market Overview - The digital media sector increased by 0.46% on October 23, with Zhangyue Technology 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] Stock Performance - Zhangyue Technology (603533) closed at 19.83, up 4.31% with a trading volume of 177,900 shares and a turnover of 348 million yuan [1] - Chuanwang Media (300987) closed at 17.88, up 3.23% with a trading volume of 82,500 shares and a turnover of 146 million yuan [1] - Fantao Education (301313) closed at 25.83, up 2.87% with a trading volume of 31,800 shares and a turnover of 81.5 million yuan [1] - Mango Super Media (300413) closed at 29.41, up 1.55% with a trading volume of 122,300 shares and a turnover of 357 million yuan [1] Capital Flow - The digital media sector experienced a net outflow of 143 million yuan from institutional investors, while retail investors saw a net inflow of 106 million yuan [2] - The overall capital flow indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2] Individual Stock Capital Flow - Zhangyue Technology had a net inflow of 61.1 million yuan from institutional investors, while retail investors had a net outflow of 46.3 million yuan [3] - Chuanwang Media saw a net inflow of 7.37 million yuan from institutional investors and a net inflow of 13.25 million yuan from retail investors [3] - Mango Super Media experienced a net outflow of 10.05 million yuan from institutional investors, but a net inflow of 4.86 million yuan from retail investors [3]

Core Viewpoint - The company is announcing the potential adjustment of the conversion price for its convertible bonds, "Wind Language Convertible Bonds," due to the anticipated conditions being met for price correction [1][5]. Group 1: Convertible Bond Basic Information - The company issued 5 million convertible bonds with a total value of 500 million yuan, each with a face value of 100 yuan, on March 25, 2022 [2]. - The initial conversion price was set at 22.15 yuan per share, which was adjusted to 15.26 yuan per share on July 14, 2022, following the annual equity distribution for 2021 [2]. - The conversion price was further adjusted to 15.23 yuan per share on June 20, 2023, due to the annual equity distribution for 2022 [3]. Group 2: Future Adjustments and Conditions - The conversion price is expected to be adjusted to 15.03 yuan per share on June 7, 2024, due to the annual equity distribution for 2023 [3]. - A downward adjustment to 12.02 yuan per share is anticipated on May 9, 2025, if the conditions for price correction are met [3]. - The conversion price will be further adjusted to 11.82 yuan per share on May 27, 2025, following the annual equity distribution for 2024 [4]. Group 3: Price Correction Terms and Trigger Conditions - The company has established terms for adjusting the conversion price, which can be triggered if the stock price falls below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - As of the period from September 29 to October 20, 2025, the stock price has already been below the threshold of 9.46 yuan per share for ten trading days, indicating a potential trigger for the price adjustment [6].