Core Insights - The announcement highlights that Zhangyue Technology (掌阅科技) received a cash dividend of 4.99 million yuan from its stake in Beijing Dianzhong Technology Co., Ltd. (点众科技), which represents 10.12% of the company's audited net profit for 2024 [1] Group 1: Financial Performance - Zhangyue Technology holds a 4.99% stake in Dianzhong Technology, which declared a total cash dividend of 100 million yuan for 2024 [1] - The cash dividend received by Zhangyue Technology amounts to 4.99 million yuan, contributing significantly to its financial performance [1] Group 2: Industry Growth - The micro-short drama industry in China is experiencing rapid growth, with its market size projected to increase from 3.68 billion yuan in 2021 to 50.44 billion yuan in 2024 [4] - Dianzhong Technology has successfully transitioned from mobile reading to micro-short dramas, leveraging its IP advantages for integrated production [4] Group 3: Content Strategy - Content quality is crucial for user engagement, with average daily usage time for micro-short drama apps reaching 120.5 minutes in the first eight months of 2025, a 25.9% increase from January [6] - Dianzhong Technology focuses on enhancing popular genres and addressing potential market gaps, targeting both young audiences and older demographics with tailored content [7] Group 4: Global Expansion - The overseas micro-short drama market generated 1.088 billion USD in revenue in the first half of the year, marking a 249% year-on-year growth [8] - Cultural adaptation is essential for the success of Chinese content in international markets, with Dianzhong Technology emphasizing the need to consider cultural differences in storytelling [8][9] Group 5: Future Outlook - Dianzhong Technology anticipates three major transformations in the short drama industry: consolidation towards leading players, a shift towards localized content, and advancements in technology such as AIGC [9] - The company is exploring AI technologies to enhance content creation and operational efficiency, viewing AI as a significant growth opportunity [9]

Group 1 - The promulgation of the "National Reading Promotion Regulations" marks a significant milestone in promoting national reading, transitioning from policy guidance to legal protection, effective from February 1, 2026 [1] - The regulations aim to enhance the moral and cultural literacy of the entire nation, improve social civilization, and support the construction of a socialist cultural power [1] - The regulations establish a comprehensive and efficient reading promotion system that emphasizes public welfare, equality, and convenience, encouraging diverse and culturally rich reading promotion activities [1] Group 2 - Since its establishment in 2008, the company has developed a dual-driven model covering both C-end users and B-end institutions, addressing diverse reading needs through personalized and systematic services [2] - The company serves a vast user base globally, with its core products like the Zhangyue App and Dejian Novel App, covering over 150 countries and regions, offering a rich array of digital book resources [2] - The introduction of the regulations recognizes the company's pioneering efforts in digital reading promotion and encourages it to leverage its technological advantages to deepen its commitment to legal reading promotion [2] Group 3 - Technological innovation is a key driver for the company in empowering national reading, responding to the regulations' call for the development and application of new technologies and facilities [3] - The company integrates its leading AI models with various business scenarios, enhancing user experience through features like AI-assisted reading and the newly launched "AI Book Radio" [3] - The regulations serve as both a mobilization order for national reading and a guiding compass for the digital reading industry, emphasizing the company's responsibility to innovate and contribute to high-quality development in national reading [3]

Core Viewpoint - The digital media sector experienced a rise of 1.22% on December 17, with *ST Fanli leading the gains, while the overall market indices also showed positive performance [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3870.28, up by 1.19% [1] - The Shenzhen Component Index closed at 13224.51, up by 2.4% [1] - The digital media sector stocks showed varied performance, with *ST Fanli leading with a closing price of 5.10, up by 4.94% [1] Group 2: Stock Details - *ST Fanli: Closing price 5.10, volume 311,100 shares, turnover 148 million [1] - Shengyibao: Closing price 18.03, up by 4.40%, volume 73,100 shares, turnover 130 million [1] - Visual China: Closing price 21.44, up by 2.29%, volume 281,000 shares, turnover 596 million [1] - Zhidema: Closing price 39.49, up by 2.04%, volume 107,000 shares, turnover 418 million [1] - Zhangyue Technology: Closing price 18.89, up by 1.23%, volume 95,200 shares, turnover 178 million [1] - Xinhua Net: Closing price 18.90, up by 1.07%, volume 52,600 shares, turnover 98.59 million [1] - Mango Super Media: Closing price 23.60, up by 1.03%, volume 119,800 shares, turnover 281 million [1] - Fantou Digital Creation: Closing price 25.41, up by 0.87%, volume 19,600 shares, turnover 49.09 million [1] - People's Daily: Closing price 18.60, up by 0.76%, volume 63,500 shares, turnover 117 million [1] - Guomai Culture: Closing price 12.36, down by 0.49%, volume 74,300 shares, turnover 90.61 million [1] Group 3: Fund Flow Analysis - The digital media sector saw a net outflow of 37.63 million from main funds, while retail investors contributed a net inflow of 59.57 million [2] - Main funds showed a significant net inflow in *ST Fanli, amounting to 27.62 million, while retail investors had a net outflow of 8.02 million [3] - Mango Super Media experienced a net inflow of 18.05 million from main funds, but a net outflow of 22.10 million from retail investors [3]

Market Overview - The digital media sector increased by 0.37% on December 10, with Sanliuwang leading the gains [1] - The Shanghai Composite Index closed at 3900.5, down 0.23%, while the Shenzhen Component Index closed at 13316.42, up 0.29% [1] Stock Performance - Key stocks in the digital media sector showed varied performance, with Sanliuwang (300295) closing at 14.49, up 4.77% on a trading volume of 221,600 shares and a turnover of 316 million yuan [1] - Other notable performers included Zhangyue Technology (603533) at 20.20, up 3.17%, and Xinhua Net (603888) at 19.51, up 0.67% [1] Capital Flow - The digital media sector saw a net inflow of 32.75 million yuan from institutional investors, while retail investors experienced a net outflow of 60.47 million yuan [2][3] - The capital flow data indicates that institutional investors were net buyers, while retail investors were net sellers in the sector [2][3] Individual Stock Capital Flow - Zhangyue Technology (603533) had a net outflow of 48.57 million yuan from institutional investors, while it attracted a net inflow of 4.38 million yuan from speculative funds [3] - Xinhua Net (603888) experienced a net inflow of 20.32 million yuan from institutional investors, indicating strong interest [3]

Group 1 - Rhein Biotech and Jia Mei Packaging's controlling shareholders are planning changes in company control, with trading suspension starting from December 10, 2025, for Rhein Biotech expected to last no more than 10 trading days and for Jia Mei Packaging no more than 2 trading days [1][2] - Rhein Biotech intends to acquire at least 80% of Beijing Jinkangpu Food Technology Co., Ltd. through a combination of issuing shares and cash payment, which will make Beijing Jinkangpu a subsidiary included in the consolidated financial statements [1] - Jia Mei Packaging's controlling shareholder is also in discussions regarding a potential change in control, with specific transaction details still under negotiation [2] Group 2 - Haiguang Information has terminated its plan to merge with Zhongke Shuguang through a share exchange, as approved in a board meeting on December 9, 2025 [3] - Huatai Medical plans to repurchase shares with a total amount not less than RMB 200 million and not exceeding RMB 250 million, with a repurchase price cap of RMB 315 per share [4] - Songcheng Performing Arts and Jingu Co., Ltd. also announced share repurchase plans, with Songcheng aiming for a total of RMB 100 million to RMB 200 million and Jingu targeting RMB 30 million to RMB 60 million [4] Group 3 - Xiamen Airport is planning to acquire 100% of the shares of Zhaoxiang Technology, a wholly-owned subsidiary of its controlling shareholder, Xiamen Xiangye Group [5] - Borui Communication intends to acquire 51% of Meijing Technology from related parties for a total price of RMB 66.49 million [6] - Gu Ao Technology's actual controller is planning a change in control, with trading suspension starting from December 8, 2025, and expected to last no more than 3 trading days [6] Group 4 - ST Kevin's application to revoke the risk warning on its stock has been approved, with trading suspension for one day on December 10, 2025, and resuming trading on December 11, 2025 [6] - Huailun Crystal's stock will be suspended for one day starting December 10, 2025, due to false disclosures in its annual reports for 2021 and 2022 [7] - The stock of Jia Ao Environmental Protection will also be suspended for one day on December 10, 2025, due to an administrative penalty notice received from the regulatory authority [12] Group 5 - The company Yongmota plans to invest approximately RMB 400 million in a new project for magnesium-aluminum alloy components for the automotive and robotics industries [20] - ST Ningke is executing a capital reserve transfer plan to increase its share capital, with a total share increase from 684.88 million to 1.62 billion shares [21] - Yingpais plans to increase its shareholding through a combination of bank loans and self-funding, with a total investment of no less than RMB 60 million and no more than RMB 120 million [22]

Group 1 - Wanma Technology has been pre-awarded a total of 59.9434 million yuan for multiple State Grid projects, which accounts for 14.49% of its latest audited main business revenue [1] - Tianen Kang's subsidiary received a drug registration certificate for Methimazole tablets, a medication used for hyperthyroidism [2] - Taijing Technology invested 10 million yuan to establish a special fund focused on high-speed network communication chips [3] Group 2 - Youyou Foods plans to use 10 million yuan of its own funds to purchase principal-protected financial products with an expected annual yield of 0.5%-5.0% [4] - Yangfan New Materials announced the release of detention measures against its controlling shareholder, allowing him to resume his duties [5] - Xianju Pharmaceutical received approval for a supplementary application for Nicardipine injection, a calcium channel blocker used for acute hypertension [6] Group 3 - Jingu Co. plans to repurchase shares worth 30-60 million yuan for employee stock ownership plans or equity incentives [7] - Double Tower Foods' Thai subsidiary has completed the construction of its production line and is in the initial production phase [8] - Tongyi Zhong intends to invest approximately 198 million yuan in a project for the industrialization of ultra-high molecular weight polyethylene fibers [9][10] Group 4 - Zhangyue Technology received a dividend of 4.99 million yuan from its stake in Dianzhong Technology, which represents 10.12% of its audited net profit for 2024 [11] - Sihua Electronics announced the resignation of its general manager due to job transfer, with the current manager continuing until a new one is appointed [12] - Jiutian Pharmaceutical's new drug JMHT06 has received approval for clinical trials for acute gouty arthritis [13] Group 5 - Anlian Ruishi has established a joint venture for embodied intelligent robots with a registered capital of 20 million yuan [14] - Kelin Electric's application for a private placement has been accepted by the Shanghai Stock Exchange [15] - Guoyao Modern's subsidiary has received approval for the listing of Agomelatine raw materials, used in antidepressant synthesis [16] Group 6 - Xintiandi's application for the listing of Ferrous Fumarate raw materials has been approved, which is used for treating iron deficiency anemia [17] - ST Weihai, as the leading party, won a bid for a smart agriculture project worth 652 million yuan, accounting for 26.27% of its 2024 audited revenue [18] - Tian Youwei plans to purchase 100% of Krämer Automotive Systems for 1 million euros [19] Group 7 - Guangdong Yuedian A's subsidiary has successfully put into operation the third unit of its Dapu Power Plant project [20] - China Life's total premium exceeded 700 billion yuan as of November 30, 2025 [21] - Shoukai Co. achieved a total signed amount of 15.988 billion yuan in the first 11 months of 2025 [22] Group 8 - Kehua Bio's subsidiary has obtained a medical device registration certificate for an automatic chemiluminescence immunoassay analyzer [23] - Chengyi Pharmaceutical received a drug registration certificate for Torasemide tablets, which have passed the consistency evaluation [24] - Chongqing Construction won a bid for a municipal engineering project worth approximately 1.714 billion yuan [25] Group 9 - Hanjian Heshan signed a procurement contract for pipes worth 388 million yuan [26] - Jiuzhou Pharmaceutical plans to use up to 1 billion yuan of idle raised funds for cash management [27] - Xinwufeng reported an 80.97% year-on-year increase in pig sales in November 2025 [28] Group 10 - Luoniushan reported a 13.57% year-on-year increase in pig sales revenue in November 2025 [29] - Fushilai received a drug registration certificate for Alpha-Lipoic Acid tablets, used for diabetic neuropathy [30] - Dizhe Pharmaceutical presented research data on two innovative drugs at the 67th American Society of Hematology conference [31] - David Medical's subsidiary received two medical device registration certificates for single-use gastric tubes and electronic ureteral endoscope catheters [32]

证券代码:603533 证券简称:掌阅科技 公告编号:2025-052 掌阅科技股份有限公司 关于收到参股公司分红款的公告 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法律责任。 以上数据未经审计，最终以年审会计师事务所审计数据为准，敬请广大投资 者注意投资风险。 特此公告。 掌阅科技股份有限公司 董事会 2025 年 12 月 9 日 掌阅科技股份有限公司（以下简称"公司"）持有北京点众科技股份有限公 司（以下简称"点众科技"）4.99%的股权。根据点众科技 2024 年年度股东大会 会议决议，点众科技 2024 年度向全体股东派发现金红利 1 亿元，将按照持股比 例进行分配。公司作为股东按照持股比例可获分红款 499.00 万元，占公司 2024 年度经审计归母净利润的 10.12%。 截至本公告披露日，公司已收到点众科技现金分红款 499.00 万元。根据相 关会计准则，上述分红款计入公司 2025 年度损益，对公司 2025 年度当期及全年 经营业绩产生积极影响。 ...

Core Viewpoint - Zhangyue Technology (603533.SH) announced its 4.99% stake in Beijing Dianzhong Technology Co., Ltd. and will receive a cash dividend of 4.99 million yuan from Dianzhong Technology's 100 million yuan dividend distribution for 2024, positively impacting its 2025 financial performance [1] Group 1 - Zhangyue Technology holds a 4.99% equity stake in Dianzhong Technology [1] - Dianzhong Technology will distribute a total cash dividend of 100 million yuan to all shareholders for the year 2024 [1] - Zhangyue Technology's share of the dividend amounts to 4.99 million yuan, representing 10.12% of its audited net profit for 2024 [1] Group 2 - As of the announcement date, Zhangyue Technology has already received the cash dividend of 4.99 million yuan [1] - According to relevant accounting standards, this dividend will be recognized in Zhangyue Technology's 2025 financial results, contributing positively to its operating performance for that year [1]

Core Viewpoint - Zhangyue Technology (603533.SH) holds a 4.99% stake in Beijing Dianzhong Technology Co., Ltd. and will receive a cash dividend of 4.99 million yuan from Dianzhong Technology's 2024 annual dividend distribution of 100 million yuan, positively impacting its 2025 financial performance [1][1][1] Group 1 - Dianzhong Technology will distribute a total cash dividend of 100 million yuan to all shareholders in 2024 [1] - Zhangyue Technology's share of the dividend amounts to 4.99 million yuan, which represents 10.12% of its audited net profit attributable to shareholders for 2024 [1][1] - The cash dividend received will be accounted for in Zhangyue Technology's 2025 financial results, contributing positively to its operating performance for that year [1][1]

Investment Rating - The report maintains a "Recommendation" rating for the media industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [2][40]. Core Views - The media sector is anticipated to experience a rebound, particularly in gaming and AI applications, with significant growth potential in these areas. The report emphasizes the importance of both sharpness and allocation in the current market environment [3][6]. - The gaming market is highlighted as entering a favorable valuation zone, with specific companies like Giant Network and Century Huatong recommended for investment [6][16]. - The film market is recovering, with the total box office reaching approximately 437.06 billion yuan, which is about 78% of the 2019 level, indicating a strong recovery trajectory [19][20]. Market Performance Review - The media sector index fell by 3.86% last week, underperforming the CSI 300 index, which rose by 1.28%, resulting in a relative underperformance of 5.14% [9][10]. - The total market capitalization of the media sector is approximately 19,595.28 billion yuan, with a circulating market value of 17,850.96 billion yuan [3]. Gaming Market Insights - Tencent's products dominate the iOS gaming market, with titles like "Peace Elite" and "Love and Deep Space" performing strongly [16]. - Upcoming game releases include "Rust" and "PUBG: BLACK BUDGET," which are expected to generate significant interest [18]. Film Market Overview - The film "Zootopia 2" has achieved a box office of nearly 23 billion yuan within six days, with projections suggesting it could help the total annual box office exceed 500 billion yuan [27]. - The total box office for the year has reached 437.06 billion yuan, with a recovery rate of approximately 78% compared to 2019 [19][22]. Important News and Company Announcements - The establishment of the first micro-short drama export base in Shanghai marks a significant development in the media industry [27]. - Tencent's Magic Cube Studio celebrated its 15th anniversary, announcing major updates for several IP titles, indicating ongoing innovation in the gaming sector [28].