Core Insights - The short drama market is experiencing significant changes, with platforms like Hongguo Short Drama launching new initiatives to elevate short drama actors and create new pathways for their development [1][10] - The introduction of the "Actor Cooperation Plan" by Hongguo Short Drama aims to reform the compensation system for actors, transitioning from fixed salaries to a model that includes guaranteed payments and revenue sharing [2][4][17] Industry Developments - Hongguo Short Drama has launched the vertical-screen variety show "Explode! Short Drama," providing a new platform for short drama actors to gain exposure [1][10] - iQIYI has announced the "Actor Star Road Plan," which includes a model of guaranteed cooperation for five micro-short dramas and a pathway for long content development [1][10] - Zhangyue has introduced the "Zhangyue Gathering Star Short Drama Actor National Recruitment Plan," focusing on personalized management and development for short drama actors [1][10] Actor Compensation Reform - The "Actor Cooperation Plan" introduces a revenue-sharing mechanism alongside fixed salaries, allowing for a more flexible and performance-based compensation structure [2][4][17] - The plan aims to bind actors more closely to their works, encouraging them to invest more effort in promotion and maintenance of their projects, thus enhancing the long-tail value of short drama content [3][17] - There are concerns regarding whether the revenue-sharing model will be an additional payment or replace the existing fixed salary system, as the industry has seen rising actor salaries [4][6] Market Trends - The short drama market is witnessing a surge in actor salaries, with top actors reportedly earning between 20,000 to 30,000 yuan per day, and some even exceeding 80,000 yuan [4][6] - The rise of the "fan economy" in the short drama sector is contributing to the increasing commercial value of actors, with notable figures like Ke Chun gaining mainstream recognition [7][12] - The industry is moving towards a new "star era," where the cultivation of short drama stars is seen as a solution to the challenges of breaking through market limitations [12][17] Strategic Partnerships - Hongguo Short Drama's cooperation with actor management agencies aims to enhance the selection, training, and negotiation processes for actors, thereby increasing the platform's bargaining power [12][16][17] - The plan emphasizes collaboration between platforms, actors, and production companies, creating a more integrated ecosystem for short drama production [16][17]

Market Overview - On September 24, the digital media sector rose by 0.1% compared to the previous trading day, with Fantawild leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Key stocks in the digital media sector showed the following performance: - Fantawild (301313) closed at 25.34, up 3.43% with a trading volume of 25,400 lots and a turnover of 63.22 million yuan [1] - Visual China (000681) closed at 20.21, up 3.16% with a trading volume of 197,600 lots and a turnover of 394 million yuan [1] - Mango TV (300413) closed at 32.48, up 2.30% with a trading volume of 179,200 lots and a turnover of 578 million yuan [1] - Other notable stocks include: - Business Treasure (002095) at 19.58, up 2.30% [1] - People's Daily Online (603000) at 19.77, up 2.07% [1] Capital Flow - The digital media sector experienced a net outflow of 24.78 million yuan from institutional funds and 30.54 million yuan from speculative funds, while retail investors saw a net inflow of 55.32 million yuan [2] - Detailed capital flow for key stocks includes: - Visual China had a net inflow of 31.46 million yuan from institutional funds but a net outflow of 30.59 million yuan from speculative funds [3] - Mango TV saw a net inflow of 10.40 million yuan from institutional funds and a net outflow of 38.51 million yuan from retail investors [3] - People's Daily Online had a slight net outflow of 0.95 million yuan from institutional funds [3]

北京市中伦（深圳）律师事务所 关于掌阅科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 二〇二五年九月 北京市中伦（深圳）律师事务所 关于掌阅科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：掌阅科技股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《上市公司股东会规 则》（下称"《股东会规则》"）等有关法律法规的规定及公司现行章程（下称 "《公司章程》"）的有关规定，北京市中伦（深圳）律师事务所（下称"本所"） 接受掌阅科技股份有限公司（下称"公司"）的委托，指派律师出席公司 2025 年第二次临时股东大会（下称"本次股东大会"），并就本次股东大会的召集和 召开程序、召集人资格、出席和列席会议人员资格、表决程序及表决结果等事 宜发表法律意见。 一、本次股东大会的召集和召开程序 为召开本次股东大会，公司董事会于 2025 年 9 月 6 日在规定的信息披露媒 体上公告了《关于召开 2025 年第二次临时股东大会的通知》（下称"会议通 知"）。上述会议通知载明了会议的召开方式、召开时间和召开地点，对会议议 题进行了披露，说明了股东有权出席并可委托代理人出席和行使表 ...

证券日报网讯 9月22日晚间，掌阅科技发布公告称，公司董事会日前收到公司董事李兆蒙先生提交的 《辞职报告》。基于公司治理结构优化调整，李兆蒙先生申请辞去第四届董事会董事职务，辞职后仍在 公司担任其他职务。2025年9月22日，公司召开职工代表大会选举李兆蒙先生为公司第四届董事会职工 代表董事。同日，经公司第四届董事会第十一次会议审议通过，选举李兆蒙先生为公司第四届董事会提 名委员会委员、董事会薪酬与考核委员会委员。 （文章来源：证券日报） ...

证券代码：603533 证券简称：掌阅科技 公告编号：2025-043 掌阅科技股份有限公司（以下简称"公司"）董事会今日收到公司董事李兆蒙 先生提交的《辞职报告》。基于公司治理结构优化调整，李兆蒙先生申请辞去第 四届董事会董事职务，辞职后仍在公司担任其他职务。 2025 年 9 月 22 日，公司 2025 年第二次临时股东大会审议通过了《关于取 消监事会暨修订<公司章程>的议案》。根据修订后《公司章程》的规定，公司设 职工代表董事 1 名，由公司职工代表大会选举产生。同日，公司召开职工代表大 会选举李兆蒙先生为公司第四届董事会职工代表董事。同时，经公司第四届董事 会第十一次会议审议通过，选举李兆蒙先生为公司第四届董事会提名委员会委员、 董事会薪酬与考核委员会委员。现将相关情况公告如下： 一、董事离任情况 (一)提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | 原定任期 | | 离任原因 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ...

证券代码：603533 证券简称：掌阅科技 公告编号：2025-042 掌阅科技股份有限公司 2025年第二次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 22 日 (二)股东大会召开的地点：中国北京市朝阳区四惠东四惠大厦公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 381 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 208,148,606 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 47.4254 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会是由公司董事会召集，董事长成湘均先生主持，会议以现场投 票和网络投票相结合的方式表决，本次会议的召集、召开和表决方式符合《公司 法》及 ...

Market Overview - On September 19, the digital media sector rose by 1.07%, led by Zhidingmai, while the Shanghai Composite Index closed at 3820.09, down 0.3% [1] - The Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Zhidingmai (300785) closed at 41.60 with a gain of 4.52%, trading volume of 209,900 shares and a turnover of 880 million yuan [1] - Mango Super Media (300413) closed at 33.01, up 4.00%, with a trading volume of 307,600 shares and a turnover of 1.016 billion yuan [1] - Other notable stocks include Chuanwang Media (300987) at 18.56 (+2.26%), Xinhua Net (603888) at 19.79 (+0.35%), and People's Daily (603000) at 68.61 (+0.15%) [1] Capital Flow - The digital media sector experienced a net outflow of 76.9435 million yuan from institutional investors, while retail investors saw a net inflow of 92.1514 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Mango Super Media saw a net inflow of 93.2077 million yuan from institutional investors, while retail investors had a net outflow of 77.3054 million yuan [3] - Chuanwang Media had a net inflow of 12.8304 million yuan from institutional investors, with retail investors also experiencing a net outflow [3] - Zhidingmai faced a net outflow of 8.3551 million yuan from institutional investors, but retail investors contributed a net inflow of 2.13767 million yuan [3]

Core Viewpoint - The company is actively expanding its presence in the AI short drama sector by integrating AI technology with live-action footage, exploring the "AI + IP" development path [1] Group 1 - The company has launched AI dramas such as "Burning Star Decision" and "Northeast Treasure Hunting Stories" [1] - The company aims to enhance the naturalness of character facial expressions and movements through improvements in multimodal generation models [1] - The company is focusing on optimizing various aspects such as deep integration of multimodal generation models, dynamic capture, data augmentation, and inference efficiency [1] Group 2 - The company currently has no plans for animated feature films [1]

Market Performance - The digital media sector increased by 0.9% on September 16, with Shengyibao leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Shengyibao (002095) closed at 21.20, up 3.21% with a trading volume of 104,400 shares and a turnover of 220 million yuan [1] - Zhidema (300785) closed at 41.83, up 2.57% with a trading volume of 133,400 shares [1] - Visual China (000681) closed at 21.27, up 2.41% with a trading volume of 372,300 shares and a turnover of 783 million yuan [1] - Other notable stocks include Fengyuzhu (603466) at 10.02, up 1.73%, and Zhangyue Technology (603533) at 20.22, up 1.46% [1] Capital Flow Analysis - The digital media sector saw a net inflow of 88.94 million yuan from institutional investors, while retail investors experienced a net outflow of 78.77 million yuan [2] - The main capital inflow was observed in Visual China with 65.01 million yuan, while Zhidema had a net inflow of 25.55 million yuan [3] - Conversely, *ST Fanli (600228) and Chuanwang Media (300987) experienced net outflows of 2.53 million yuan and 0.21 million yuan respectively [3]

Company Overview - Zhangyue Technology, established on September 8, 2008, and listed on September 21, 2017, is based in Chaoyang District, Beijing. The company primarily operates in the internet digital reading platform services, including paid digital reading and commercial value-added services, as well as copyright product business [2]. Financial Performance - For the first half of 2025, Zhangyue Technology achieved operating revenue of 1.526 billion yuan, representing a year-on-year growth of 14.58%. However, the net profit attributable to the parent company was -160 million yuan, a significant decrease of 235.68% year-on-year [2]. - Since its A-share listing, Zhangyue Technology has distributed a total of 302 million yuan in dividends, with 123 million yuan distributed over the past three years [3]. Stock Performance - As of September 16, 2023, Zhangyue Technology's stock price increased by 2.01%, reaching 20.33 yuan per share, with a trading volume of 83.303 million yuan and a turnover rate of 0.93%. The total market capitalization stands at 8.923 billion yuan [1]. - Year-to-date, the stock price has risen by 0.59%, with a 3.46% increase over the last five trading days, but has seen a decline of 4.55% over the past 20 days and 5.31% over the last 60 days [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Zhangyue Technology was 63,100, an increase of 2.25% from the previous period. The average number of circulating shares per person decreased by 2.20% to 6,960 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 9.1564 million shares, an increase of 1.1946 million shares from the previous period. The Southern CSI 1000 ETF is a new entrant in the top ten, holding 2.4261 million shares [3].