Market Overview - On October 13, the digital media sector experienced a slight decline of 0.03%, with Guomai Culture leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Notable stock performances included: - Vision China (000681) rose by 7.41% to a closing price of 24.93, with a trading volume of 1.1557 million shares and a transaction value of 2.805 billion [1] - Guomai Culture (600640) fell by 3.47% to a closing price of 13.92, with a trading volume of 185,300 shares and a transaction value of 258 million [2] - Worth Buying (300785) decreased by 3.32% to a closing price of 35.48, with a trading volume of 110,300 shares and a transaction value of 392 million [2] Capital Flow - The digital media sector saw a net inflow of 82.8521 million from institutional investors, while retail investors contributed a net inflow of 88.0169 million [2] - However, speculative funds experienced a net outflow of 171 million [2] Individual Stock Capital Flow - Vision China (000681) had a net inflow of 22.5 million from institutional investors, but a net outflow of 15.3 million from speculative funds [3] - Guomai Culture (600640) faced a net outflow of 1.25597 million from institutional investors [3] - Worth Buying (300785) also saw a net outflow of 2.5597 million from institutional investors [3]

Market Overview - On October 10, the digital media sector declined by 2.0%, with ZhiDeMai leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable stock performances included: - Vision China (000681) rose by 3.11% to close at 23.21 [1] - ZhiDeMai (300785) fell by 7.53% to close at 36.70, with a trading volume of 153,300 shares and a turnover of 574 million yuan [2] - Mango Super Media (300413) decreased by 5.12% to 31.66, with a trading volume of 240,200 shares and a turnover of 775 million yuan [2] - The overall trading volume and turnover for the digital media sector indicated significant activity, with ZhiDeMai and Mango Super Media being among the most traded stocks [2] Capital Flow - The digital media sector experienced a net outflow of 194 million yuan from institutional investors, while retail investors saw a net inflow of 228 million yuan [2][3] - Specific stock capital flows showed: - Vision China had a net inflow of 24.47 million yuan from institutional investors [3] - ZhiDeMai experienced a net outflow of 1.28 million yuan from institutional investors but a net inflow of 47.06 million yuan from retail investors [3] - ST Fanli (600228) faced a significant net outflow of 13.27 million yuan from institutional investors, despite a net inflow from retail investors [3]

Market Overview - On September 30, the digital media sector rose by 1.37%, led by Zhidingmai [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Zhidingmai (300785) closed at 38.50, with a gain of 4.14% and a trading volume of 222,100 shares, amounting to 865 million yuan [1] - Other notable performers include: - Vision China (000681) at 20.46, up 3.70% [1] - Mango Super Media (300413) at 35.76, up 2.03% [1] - Xinhua Net (603888) at 19.76, up 1.96% [1] - People's Daily (603000) at 19.83, up 1.54% [1] Capital Flow - The digital media sector experienced a net outflow of 23.81 million yuan from institutional investors, while retail investors saw a net outflow of 91.12 million yuan [2] - Conversely, speculative funds recorded a net inflow of 115 million yuan [2] Individual Stock Capital Flow - Zhidingmai had a net inflow of 50.13 million yuan from institutional investors, but a net outflow of 56.99 million yuan from speculative funds [3] - Vision China saw a net inflow of 36.06 million yuan from institutional investors, with a net outflow of 19.83 million yuan from speculative funds [3] - People's Daily had a net inflow of 17.17 million yuan from institutional investors, while retail investors experienced a net outflow of 16.21 million yuan [3]

Market Overview - On September 26, the digital media sector declined by 1.45%, with "Zhidingmai" leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable stock performances included: - *ST Fanli: Closed at 5.75, up 2.50% with a trading volume of 91,900 shares and a turnover of 52.51 million yuan [1] - Mango Super Media: Closed at 35.38, up 0.43% with a trading volume of 267,100 shares and a turnover of 945 million yuan [1] - Worth Buying: Closed at 37.20, down 8.49% with a trading volume of 151,000 shares and a turnover of 576 million yuan [2] Capital Flow - The digital media sector experienced a net outflow of 74.40 million yuan from institutional investors, while retail investors saw a net inflow of 56.52 million yuan [2] - The capital flow for individual stocks showed: - Mango Super Media: Net inflow of 62.25 million yuan from institutional investors [3] - Worth Buying: Net outflow of 16.11 million yuan from institutional investors [3] Summary of Individual Stocks - The following stocks had significant capital movements: - *ST Fanli: Institutional net inflow of 609,600 yuan, retail net inflow of 636,900 yuan [3] - New China Net: Institutional net outflow of 12.69 million yuan, retail net inflow of 10.27 million yuan [3] - Grassroots Information: Retail net inflow of 666,020 yuan despite institutional and speculative net outflows [3]

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 ...