Market Performance - The digital media sector increased by 1.97% on November 10, with Zhangyue Technology leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Highlights - Zhangyue Technology (603533) closed at 22.68, up 9.99% with a trading volume of 298,300 shares and a turnover of 671 million yuan [1] - Zhidema (300785) closed at 35.08, up 5.16% with a trading volume of 108,600 shares and a turnover of 377 million yuan [1] - ST Fanli (600228) closed at 6.97, up 4.97% with a trading volume of 78,300 shares and a turnover of 54.06 million yuan [1] - Xinhua Net (603888) closed at 20.43, up 3.08% with a trading volume of 253,400 shares and a turnover of 519 million yuan [1] Capital Flow - The digital media sector saw a net inflow of 476 million yuan from institutional investors, while retail investors experienced a net outflow of 369 million yuan [2][3] - Major stocks like Zhangyue Technology had a net inflow of 231 million yuan from institutional investors, but a net outflow of 124 million yuan from retail investors [3]

掌阅科技股份有限公司 2025 年第三次临时股东会会议资料 证券简称：掌阅科技 证券代码：603533 掌阅科技股份有限公司 2025 年第三次临时股东会会议资料 2025 年 11 月 1 / 13 | 一、2025 | 年第三次临时股东会会议议程 3 | | --- | --- | | 二、2025 | 年第三次临时股东会会议议案 5 | | 审议《关于调整 | 2025 年度日常关联交易预计的议案》 5 | 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 五、会议出席人员：2025 年 11 月 11 日下午收市后，在中国证券登记结算 有限责任公司上海分公司登记在册的本公司全体股东或其合法委托的代理人；公 司董事及高级管理人员；公司聘请的律师。 六、会议召集人：董事会 掌阅科技股份有限公司 2025 年第三次临时股东会会议资料 一、2025 年第三次临时股东会会议议程 一、现场会议召开时间：2025 年 11 月 1 ...

Core Viewpoint - The short drama game concept is gaining traction, leading to a surge in stock prices for companies like Zhangyue Technology, which reached its daily limit increase [1] Group 1: Company Performance - Zhangyue Technology's stock hit the daily limit increase due to the rising interest in short drama games [1] - Other companies in the sector, such as Jishi Media, Huace Film & TV, Bona Film Group, and Zhejiang Wenlian, also experienced significant stock price increases [1]

Group 1 - The major shareholder, Beijing Quantum Leap Technology Co., Ltd., plans to reduce its stake in the company by up to 4,388,968 shares, which is no more than 1% of the total share capital [1] - As of November 4, 2025, the major shareholder has already reduced its holdings by 1,100,000 shares, representing 0.25% of the total share capital, decreasing its ownership from 6.23% to 5.98% [1] - The company confirms that this reduction does not trigger a mandatory takeover bid and will not change the control of the company or its normal operations [2][2] Group 2 - The reduction in shareholding will not significantly impact the company's governance structure or ongoing operations [2] - The major shareholder's reduction plan is not yet fully implemented, and the company will continue to monitor the situation and fulfill its disclosure obligations as required by law [2]

Group 1 - The core point of the announcement is that a major shareholder, Beijing Quantum Leap Technology Co., Ltd., has reduced its stake in the company from 6.23% to 5.98% by selling 1,100,000 shares, which represents 0.25% of the total share capital [3][4]. - The reduction in shareholding touches the 1% threshold, which requires disclosure under relevant regulations [3]. - The company confirms that this change in shareholding will not lead to a change in the controlling shareholder or actual controller, nor will it affect the company's normal operations [3][4]. Group 2 - The major shareholder, Quantum Leap, had previously announced a plan to reduce its holdings by up to 4,388,968 shares, not exceeding 1% of the total share capital [3]. - The company will continue to monitor the situation regarding the shareholder's reduction plan and will fulfill its disclosure obligations as required by law [3].

证券代码：603533 证券简称：掌阅科技 公告编号：2025-048 掌阅科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度 的提示性公告 掌阅科技股份有限公司（以下简称"公司"）持股 5%以上的股东北京量子跃动科 技有限公司（以下简称"量子跃动"）保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 | □合并口径第一大股东及其一致行动人（仅适 | | --- | | 用于无控股股东、实际控制人） | | □其他______________（请注明） | 2、信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | □ | 控股股东/实控人 | | | 北京量子跃动科技有 | □ | 控股股东/实控人的一 |  91110108MA01D6G158 | | 限公司 | 致行动人 | | □ 不适用 | | |  | 其他直接持股股东 | | 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 权益变动方向 比例增加□ 比例减少 权益变动前合计 ...

证券代码:603533 证券简称:掌阅科技 公告编号:2025-049 掌阅科技股份有限公司 关于调整 2025 年度日常关联交易预计的补充公告 | 广告商 | 湖北巨量引擎 | | | | | | --- | --- | --- | --- | --- | --- | | 业化 | 科技有限公司 | 70,000.00 | | 30,652.28 | 100,652.28 | | | 等 | | | | | | 服务费 | 北京飞书科技 有限公司 北京火山引擎 科技有限公司 | 200.00 700.00 | 2,245.55 | 153.52 279.38 | 353.52 979.38 | | | 武汉巨量星图 科技有限公司 | 10,000.00 | | 477.95 | 10,477.95 | | | 等 | | | | | | 其他 | 成都光合信号 科技有限公司 | 300.00 | 67.72 | 165.11 | 465.11 | | | 等 | | | | | | | 合计 | 90,200.00 | 95,876.22 | 54,800.00 | 145,000.00 | 注：1、上述 ...

Core Points - The company, Zhangyue Technology (603533.SH), announced a share reduction by a major shareholder, Quantum Leap, which holds over 5% of the company's shares [1] - On November 4, 2025, Quantum Leap reduced its holdings by 1.1 million shares, representing 0.25% of the total share capital [1] - Following this transaction, Quantum Leap's ownership in the company decreased from 6.23% to 5.98%, triggering a notification due to the change crossing the 1% threshold [1]

Market Overview - The digital media sector experienced a decline of 0.16% on November 4, with Guomai Culture leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable stock performances include: - Chuanwang Media (300987) closed at 18.61, up 1.69% with a trading volume of 60,200 shares and a turnover of 111 million yuan [1] - Mango Super Media (300413) closed at 29.89, up 0.91% with a trading volume of 271,300 shares and a turnover of 814 million yuan [1] - Guomai Culture (600640) closed at 14.24, down 1.39% with a trading volume of 142,300 shares and a turnover of 202 million yuan [2] Capital Flow - The digital media sector saw a net outflow of 265 million yuan from institutional investors, while retail investors contributed a net inflow of 290 million yuan [2][3] - Specific stock capital flows indicate: - Mango Super Media had a net inflow of 31.62 million yuan from institutional investors [3] - Guomai Culture experienced a net outflow of 29.33 million yuan from institutional investors [3] Summary of Individual Stocks - The following stocks had significant movements: - Visual China (000681) closed at 22.30, down 0.84% with a trading volume of 554,600 shares and a turnover of 1.234 billion yuan [2] - ST Fanli (600228) closed at 6.50, down 1.07% with a trading volume of 159,300 shares and a turnover of 105 million yuan [2] - Zhi De Mai (300785) closed at 35.20, down 1.26% with a trading volume of 65,000 shares and a turnover of 227 million yuan [2]

Core Viewpoint - The AI application sector in both Hong Kong and A-shares has shown strong performance, with several concept stocks experiencing significant price increases, driven by multiple positive signals and favorable news in the industry [2][4]. Stock Performance - In the Hong Kong market, notable stock price increases include: - Fenbi (02469.HK) up 10.36% - Meitu (01357.HK) up 7.08% - Huisheng Technology (01860.HK) up 6.05% - Reading Group (00772.HK) up 5.27% - Maifushi (02556.HK) up 4.92% - Xindong Company (02400.HK) up 4.3% [2][3] - In the A-share market, stocks such as: - 37 Interactive Entertainment (002555.SZ) and Jishi Media (601929.SH) hit the daily limit - Fushi Holdings (300071.SZ) surged 13.39% - Huina Technology (300609.SZ) rose 11.79% - 360 (601360.SH) increased by 7.52% [2][3]. Catalysts for Growth - The surge in the AI application sector is attributed to a combination of individual stock benefits and a series of positive industry signals [4]. - Fenbi announced a share buyback plan of up to 200 million HKD and reported a milestone in AI product sales, with over 42,000 units sold, reflecting a more than 100% increase month-on-month [5]. - Minglue Technology (02718.HK) saw a 106.1% increase on its first trading day, further igniting market enthusiasm for AI sub-sectors [6]. Policy Support - Recent policies in the AI sector have been released, creating a comprehensive support system from strategic planning to practical applications. The "14th Five-Year Plan" emphasizes the implementation of "AI+" actions to seize the high ground in AI industry applications [7]. - A recent State Council meeting focused on accelerating AI scene cultivation and large-scale application, aiming to transform technological advantages into new momentum for industrial development [7]. Industry Events - The establishment of the "World Artificial Intelligence Cooperation Organization" (WAICO) at the APEC summit aims to set global AI governance rules and promote technology accessibility [8]. - Upcoming industry summits, including the World Internet Conference and the Global Computing Conference, will further enhance optimistic expectations for the AI sector [8]. Market Validation - The commercial value of AI applications has been validated through user growth and corporate performance. As of Q3 2025, the number of active mobile users in AI applications exceeded 729 million, with 200 million on PC [8]. - Companies like Kingsoft Office reported Q3 revenue of 1.521 billion CNY, a 25% year-on-year increase, driven by active user growth and enhanced AI features [9]. - 360 reported Q3 revenue of 2.241 billion CNY, a 16.88% year-on-year increase, achieving profitability with multiple significant contracts in the AI sector [10]. Long-term Investment Value - The AI application sector is becoming a core focus for the market, with long-term investment value expected to continue to emerge as the "AI+" initiative deepens and global cooperation progresses [11]. - Several brokerages have released reports highlighting the rapid transition of AI application business models from concept validation to revenue generation, indicating a strong demand for AI applications across various sectors [12]. - The upcoming "Hong Kong Top 100" evaluation will include AI and smart driving as key focus areas, providing a more precise evaluation dimension for industry innovation [12].