Market Overview - On January 30, the digital media sector experienced a slight decline of 0.05% compared to the previous trading day, with Fantawild leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Notable gainers in the digital media sector included: - *ST Fanli: Closed at 5.75, up 4.17% with a trading volume of 196,400 shares and a turnover of 112 million yuan [1] - Zhidema: Closed at 74.50, up 3.20% with a trading volume of 299,800 shares and a turnover of 2.193 billion yuan [1] - Guomai Culture: Closed at 14.64, up 2.23% with a trading volume of 326,300 shares and a turnover of 474 million yuan [1] - Conversely, Fantawild Digital saw a significant decline, closing at 31.67, down 4.03% with a trading volume of 91,600 shares and a turnover of 293 million yuan [2] Capital Flow - The digital media sector experienced a net outflow of 96.72 million yuan from institutional investors, while retail investors saw a net inflow of 47.29 million yuan [2] - The capital flow for specific stocks showed: - Xinhua Net had a net inflow of 98.45 million yuan from institutional investors, but a net outflow of 92.79 million yuan from retail investors [3] - Guomai Culture had a net inflow of 38.31 million yuan from institutional investors, with a net outflow of 52.48 million yuan from retail investors [3] - Fantawild Digital had a net outflow of 6.79 million yuan from institutional investors, while retail investors contributed a net inflow of 6.83 million yuan [3]

Core Viewpoint - The company emphasizes that its掌阅app is focused on quality reading, which does not align with the target audience of short dramas [1] Group 1 - The company has developed the 得间 app as a free novel reading platform that facilitates interaction between novels and short dramas [1] - The company is actively expanding its short drama offerings through mini-programs and dedicated platforms, such as 速看短剧 app and 现映 app [1]

Group 1 - The digital media sector increased by 3.47% on January 29, with "Zhi De Mai" leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - Key stocks in the digital media sector showed significant price increases, with "Zhi De Mai" rising by 8.20% to a closing price of 72.19 [1] Group 2 - The net inflow of main funds in the digital media sector was 446 million yuan, while retail investors experienced a net outflow of 127 million yuan [1] - "Ren Min Wang" had a main fund net inflow of 2.22 billion yuan, but retail investors saw a net outflow of 1.05 billion yuan [2] - "Xin Hua Wang" recorded a main fund net inflow of 192 million yuan, with retail investors experiencing a net outflow of 1.40 billion yuan [2]

Market Overview - The digital media sector experienced a decline of 3.41% on January 28, with FanTuo Digital leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Individual Stock Performance - FanTuo Digital (301313) closed at 32.75, down 9.56% with a trading volume of 186,500 shares and a transaction value of 620 million yuan [1] - Visual China (000681) closed at 26.04, down 7.03% with a trading volume of 1,131,700 shares and a transaction value of 3.023 billion yuan [1] - People's Daily Online (603000) closed at 23.08, down 5.37% with a trading volume of 693,000 shares and a transaction value of 1.637 billion yuan [1] - Other notable declines include iReader Technology (603533) down 2.62%, and Mango Excellent Media (300413) down 1.91% [1] Capital Flow Analysis - The digital media sector saw a net outflow of 665 million yuan from major funds, while retail investors contributed a net inflow of 439 million yuan [1] - Major funds showed significant outflows in stocks like People's Daily Online (-288 million yuan) and Visual China (-150 million yuan) [2] - Retail investors showed net inflows in stocks such as People's Daily Online (244 million yuan) and Visual China (63 million yuan) [2]

证券代码：603533 证券简称：掌阅科技 公告编号：2026-005 掌阅科技股份有限公司 一、投资情况概述 （一）投资目的 本次投资种类：结构性存款 本次投资金额：4,000.00 万元人民币 为提高闲置募集资金使用效率，合理利用闲置募集资金，在确保不影响公司 募集资金投资项目建设的前提下，公司合理使用部分闲置募集资金进行现金管理， 购买安全性高、流动性好的保本型理财产品或存款类产品，有利于提高募集资金 的使用效率，增加公司收益。 （二）投资金额 关于使用部分闲置募集资金进行现金管理的 进展公告 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。 重要内容提示： 已履行的审议程序：掌阅科技股份有限公司（以下简称"公司"）于 2025 年 12 月 22 日召开第四届董事会第十三次会议，审议通过了《关于使用部分闲置 募集资金进行现金管理的议案》，公司董事会同意公司使用额度不超过 17,200.00 万元的闲置募集资金进行现金管理，期限为自公司董事会审议通过之日起 12 个 月内，在上述额度和期限范围内，资金可以滚动使用。具体内容 ...

Market Overview - The digital media sector experienced a decline of 2.77% on January 26, with ZhiDeMai leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Notable stock performances include: - Fantuo Shuchuang (301313) closed at 31.00, up 2.65% with a trading volume of 49,400 shares and a turnover of 151 million yuan [1] - ZhiDeMai (300785) closed at 61.32, down 5.17% with a trading volume of 176,900 shares and a turnover of 1.098 billion yuan [2] - Mango Super Media (300413) closed at 25.61, down 3.61% with a trading volume of 328,800 shares and a turnover of 849 million yuan [2] Capital Flow - The digital media sector saw a net outflow of 935 million yuan from institutional investors, while retail investors contributed a net inflow of 582 million yuan [2][3] - Key capital flows for selected stocks include: - Fantuo Shuchuang had a net inflow of 8.34 million yuan from institutional investors, but a net outflow of 20.05 million yuan from retail investors [3] - ZhiDeMai experienced a net outflow of 17.46 million yuan from institutional investors, while retail investors contributed a net inflow of 12.02 million yuan [3]

1月23日晚间，掌阅科技（603533）股份有限公司(以下简称"掌阅科技"或"公司")2025年年度业绩预告。 公司预计全年归属于上市公司股东的净利润约为-1.95亿元，扣除非经常性损益后的净利润约为-2.12亿元，较上年同期由盈转亏，为公司2017年上市以来 首次年度亏损。公告称，亏损主要因公司推进战略转型，短剧等衍生业务成为第一大业务板块，并采取"国内扩张、海外突破"双轮驱动发展模式，相关市 场推广与业务拓展投入大幅增加，短期对盈利能力形成拖累。尽管2025年前三季度公司营业收入同比增长28.68%，且第三季度亏损有所收窄，但全年仍 未能扭转亏损局面。 公告披露，经财务部门初步测算，预计2025年年度实现归属于上市公司股东的净利润约为-19,506.33万元，与上年同期相比，将出现亏损；预计2025年年 度实现归属于上市公司股东的扣除非经常性损益的净利润约为-21,227.82万元。 上年同期经营业绩和财务状况方面，2024年年度归属于上市公司股东的利润总额为7,658.28万元。归属于上市公司股东的净利润为4,929.17万元；归属于上 市公司股东的扣除非经常性损益的净利润为3,239.77万元。 关于 ...

Core Viewpoint - The company, iReader Technology (603533.SH), is forecasting a net loss of 195 million yuan for the year 2025, indicating a decline compared to the previous year [1] Group 1: Financial Performance - The expected net loss of 195 million yuan for 2025 represents a significant downturn compared to the same period last year [1] Group 2: Strategic Transformation - The company is firmly advancing its strategic transformation, with short-form content and related businesses becoming the largest segment [1] - The strategic upgrade from a "digital reading platform in the internet era" to a "multi-modal content production and operation platform in the AI era" has been initiated [1] Group 3: Business Development - The company is establishing a dual-driven model of "domestic expansion and overseas breakthroughs," which is expected to enhance its growth potential [1] - The dual-line development model is leading to a substantial increase in short-term investments, which is temporarily affecting the overall profitability of the company [1]

Core Viewpoint - The company expects a net loss of approximately 195 million yuan in 2025, marking a shift from profit to loss year-on-year [1] Group 1: Financial Performance - The projected net loss for 2025 is about 195 million yuan, indicating a year-on-year transition from profit to loss [1] Group 2: Business Strategy - The company's short drama and derivative businesses have become its largest business segment [1] - The company is establishing a dual-driven model of "domestic expansion and overseas breakthrough" [1] - The dual-line development model has led to significant short-term investments, which are expected to temporarily impact overall profitability [1]

Core Viewpoint - The company, Zhangyue Technology (603533.SH), is expected to report a net loss of approximately 195.06 million yuan for the fiscal year 2025, indicating a decline compared to the previous year [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is estimated at -195.06 million yuan, which represents a significant loss compared to the prior year [1] - The expected net profit after deducting non-recurring gains and losses is approximately -212.28 million yuan for the same period [1] Strategic Transformation - The company is actively pursuing a strategic transformation, with short video and derivative businesses becoming the largest segment, driven by strong growth momentum [1] - The strategic focus has shifted from being a "digital reading platform in the internet era" to a "multi-modal content production and operation platform in the AI era" [1] - The company is implementing a dual-driven model of "domestic expansion and overseas breakthroughs," which has led to a significant increase in short-term investments [1] Impact on Profitability - The dual-line development model is expected to impose a short-term drag on the company's overall profitability, contributing to the anticipated losses for the fiscal year 2025 [1]