证券代码：603598 证券简称：引力传媒 公告编号：2025-012 引力传媒股份有限公司 2024年年度业绩预亏及致歉公告 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： ● 本期业绩预告适用于净利润为负值的情形。 ● 经引力传媒股份有限公司（以下简称"公司"）财务部门初步测算，2024年度公司经营业绩未在业绩预 告披露范围内。随着市场政策的变化，与原预计政策存在部分偏差，公司2024年度预计出现亏损。 一、本期业绩预告情况 （一）业绩预告期间 2024年1月1日至2024年12月31日。 （二）业绩预告情况 经财务部门初步测算，2024年年度实现归属于上市公司股东的净利润预计为-1700万元至-1900万元。与 上年同期相比将出现亏损，归属于上市公司股东扣除非经常性损益后的净利润预计为-1600万元至-1800 万元。 二、上年同期经营业绩和财务状况 （一）归属于上市公司股东的净利润：4,804.06万元。 归属于上市公司股东的扣除非经常性损益的净利润：3,432.18万元。 （二）每股收益：0.18元/ ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between -17 million and -19 million RMB, indicating a loss compared to a profit of 48.04 million RMB in the same period last year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -16 million and -18 million RMB, down from 34.32 million RMB in the previous year[3]. - The company anticipates a significant revenue increase for 2024, estimating around 6.2 billion RMB, which represents substantial growth compared to the previous year[7]. Market Challenges - The company faces challenges in the domestic consumer market, leading to a decline in gross margin due to intensified competition and tightened incentive policies[7]. - The expiration of tax incentives related to the cultural and advertising industry is projected to reduce revenue by 16 million RMB in 2024[7]. Financial Risks - The increase in accounts receivable due to the substantial revenue growth is expected to result in an additional credit impairment loss of approximately 25 million RMB[7]. - The acquisition of Shanghai Zhixiao Qulian Technology Co., Ltd. is expected to incur a continuous loss of about 6.7 million RMB[7]. Management Response - The board of directors has expressed apologies for the inconvenience caused to investors due to the unexpected performance changes and will adopt more cautious market and risk control measures[8]. - There are no significant uncertainties affecting the accuracy of this performance forecast[9]. - The preliminary forecast data is subject to change and the final audited financial data will be disclosed in the company's 2024 annual report[10].

引力传媒（603598）公告，2024年度归属于上市公司股东的净利润预计为-1700万元至-1900万元，归属 于上市公司股东的扣除非经常性损益后的净利润预计为-1600万元至-1800万元。公司2024年业绩亏损主 要由于国内消费市场挑战性加剧，行业竞争激烈，媒体平台激励政策收紧，应收账款增加，信用减值损 失计提金额增加，税收优惠政策到期，公司收购的上海致效趣联科技有限公司持续亏损等。 ...

Investment Rating - Investment rating for the media industry is optimistic (maintained) [1] Core Insights - The MCP agreement and the "Network Publishing Technology Innovation Leading Plan" are driving industry development, with a focus on AI applications and IP development [5] - The collectible card game market in China is expected to grow significantly, with a projected market size increase from 2.8 billion RMB in 2019 to 26.3 billion RMB in 2024, reflecting a CAGR of 56.6% [6][14] - The report emphasizes the importance of high-quality IP and the rise of domestic IP in driving growth in the collectible card and related industries [21][22] Summary by Sections Section 1: Collectible Card Games - The collectible card game market is projected to grow from 2.8 billion RMB in 2019 to 26.3 billion RMB in 2024, with a CAGR of 56.6% [6][14] - The leading company in this sector, 卡游, achieved revenues of 22.9 billion RMB in 2021, 41.3 billion RMB in 2022, and is expected to reach 100.6 billion RMB in 2024 [22] - The report highlights the increasing participation of female consumers and the rise of domestic IP as key growth drivers [21][22] Section 2: Industry Data Overview - The game "和平精英" ranked first in both the iOS free and best-selling charts in mainland China as of April 19, 2025 [31][35] - The film "向阳·花" achieved a weekly box office of 0.39 billion RMB, totaling 1.83 billion RMB [45] - The web drama "无忧渡" performed well with a broadcasting index of 82.5 [46] Section 3: Company Performance - 卡游's revenue from collectible card games is expected to continue growing, supported by a strong IP matrix and effective supply chain management [22][23] - The company has launched numerous toy series and collectible card series, indicating robust product innovation [22][23] - The report recommends continued investment in companies like 腾讯控股 and 快手-W, which are positioned to benefit from the growth in AI and gaming sectors [5]

Investment Rating - The investment rating for the media industry is "Positive (Maintain)" [1] Core Insights - The report highlights the continuous advancement of domestic large models in AI, with applications in AI proofreading and gaming deepening, suggesting ongoing investment in AI [4][5] - The report emphasizes the favorable government policies aimed at boosting consumption, particularly in IP and experiential new consumption, indicating a sustained high level of activity in these sectors [5] Industry Overview - The media sector has shown a significant performance trend, with the A-share media sector underperforming compared to major indices like the Shanghai Composite Index and the CSI 300 [8] - The report notes that "Peace Elite" has maintained the top position in both the iOS free and revenue charts in mainland China [11][12] AI Developments - The report discusses the launch of SenseNova V6 by SenseTime, a large model with 600 billion parameters, surpassing competitors in various tasks [4] - AI proofreading technology has gained traction, with successful bids for projects, indicating a growing market for AI applications [30] Consumption Policies - Recent government initiatives aim to expand the service industry and promote digital consumption, which is expected to stimulate demand in IP and experiential consumption [5] - The report suggests that the digital economy's core industry revenue is projected to exceed 220 billion by 2027, reflecting a robust growth outlook [5] Recommended Companies - Key recommendations include Tencent Holdings and Kuaishou for large models/agents, with Alibaba and SenseTime as beneficiaries [4] - In the AI gaming sector, companies like Xindong Company and NetEase are highlighted as key players [4] - For AI education and proofreading, companies such as Guomai Culture and Century Tianhong are recommended [4] Market Performance - The report indicates that the A-share media sector has shown weaker performance compared to the broader market indices during the specified period [8] - The report also provides insights into the performance of various media companies, with specific rankings in gaming and film sectors [25][26][27]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage in this regard [4][8]. Core Viewpoints - The company has transitioned from a local advertising pioneer to a leader in comprehensive marketing, integrating AI technology and establishing a full-spectrum marketing capability [4][6]. - The company has a strong foundation in content production, particularly in variety shows, and is rapidly expanding its overseas marketing services [5][10]. Summary by Relevant Sections Company Overview - The company was founded in 2005 and has undergone three major development phases: initial growth, expansion and upgrade, and digital transformation [16]. - The company has established a stable shareholding structure, with the chairman holding 39.39% of the shares as of January 2025 [19]. Financial Performance - The company reported a revenue of 47.38 billion yuan in 2023, a year-on-year increase of 9.34%, with digital marketing contributing 97.07% of total revenue [21]. - The company has eliminated goodwill risks, which is expected to support a rebound in profitability [22][31]. Industry Insights - The advertising industry is evolving through four stages, with the current phase focusing on integrated marketing strategies that leverage multiple platforms for user engagement [35]. - The digital marketing market is projected to grow significantly, with a compound annual growth rate of 24% for overseas marketing from 2020 to 2023 [107]. Key Highlights - The company has a robust content production capability, having developed a comprehensive service model for variety shows and digital content [92]. - The company has received TikTok certifications, enhancing its overseas marketing capabilities and positioning it well in the growing global digital marketing landscape [113].

证券代码：603598 证券简称：引力传媒 公告编号：2025-011 引力传媒股份有限公司 关于公司涉及诉讼的公告 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。 重要内容提示： 一、本次重大诉讼的基本情况 2025年3月13日，引力传媒股份有限公司（以下简称"公司"）及全资子公 司上海致效趣联科技有限公司（以下简称"上海致趣"）收到北京市朝阳区人民 法院送达的民事传票及诉讼材料，本次重大诉讼案号：(2024)京0105民初24126 号，案由：股权转让纠纷，开庭时间：2025年03月24日09:00，开庭地点：北京 市朝阳区人民法院6层30法庭。具体诉讼内容如下： 二、本次重大诉讼的案件当事人、诉讼请求、事实及理由、案件进展情况 （一）诉状内容 1、案件当事人 原告一：宁波保税区致趣创业投资合伙企业(有限合伙)（"宁波致趣"） 原告二：黄亮 被告一：引力传媒股份有限公司 （1）依法判决被告一立即支付原告一股权转让价款28,724,000.00元人民币 及迟延支付股权转让价款所造成的损失，本息合计49,260,783.32元 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - The report highlights the continuous advancements in AI and gaming sectors, with major companies like Alibaba and Tencent increasing their investments in AI applications and gaming [5][6] - The launch of the AI Agent product Manus by the startup Monica is seen as a significant development, potentially marking the beginning of a new era for general AI agents [5] - The report suggests a comprehensive investment strategy in AI, recommending key companies such as Tencent Holdings and Kuaishou-W, with beneficiaries including Alibaba-W and Kunlun Wanwei [5] Summary by Sections Industry Data Overview - The game "Eternal Night" ranked first on the iOS free chart in mainland China, while "Honor of Kings" maintained its position as the top-grossing game [11] - The film "Nezha: The Devil's Child" achieved the highest box office for the week, grossing 3.16 billion CNY, with a cumulative box office of 146.03 billion CNY [28] Industry News Overview - Major companies like Tencent and Alibaba are releasing new products, with "Enola Holmes" being a significant winner at the Oscars [37] - Tencent's mixed yuan has released and open-sourced a video generation model, enhancing capabilities for creating high-quality videos and animations [37] Market Performance - The A-share media sector outperformed the broader market in the 10th week of 2025, with the gaming sector showing strong performance [10] - The report indicates that the gaming sector has achieved the highest excess returns compared to the media index [10] Company Recommendations - For general AI and large models, the report recommends Tencent Holdings and Kuaishou-W, with beneficiaries including Alibaba-W and Kunlun Wanwei [5] - In vertical AI applications, key recommendations include ShengTian Network and AoFei Entertainment for AI virtual companionship, and Shanghai Film and Mango Super Media for AI in film [5]

Investment Rating - The report maintains a "Recommended" investment rating for the media industry [2][3]. Core Insights - The introduction of the AI Agent product Manus marks a significant advancement in human-machine collaboration, showcasing its ability to autonomously deliver results across various tasks [3]. - Manus has demonstrated superior performance in GAIA benchmark tests, outperforming similar products from OpenAI, particularly in complex problem-solving and tool utilization [3]. - The report emphasizes the growing demand for reasoning computing power as AI applications penetrate various sectors, presenting new opportunities for the related industry chain [3]. Summary by Sections Industry Overview - The report discusses the launch of Manus, a universal AI agent capable of connecting thought and action, which can perform tasks such as travel planning, stock analysis, and resume screening [3]. - Manus's innovative architecture and task handling capabilities are highlighted, with specific examples of its functionality provided [3]. Investment Recommendations - The report suggests focusing on companies that integrate AI into various sectors, including gaming (Kying Network, Giant Network), education (Century Tianhong, Southern Media), marketing (Easy Point Tianxia), advertising (Gravity Media, Focus Media), and large models (Tencent Holdings) [3]. - The report indicates that the acceleration of AI applications is expected to drive the development of edge AI applications and expand the scope of AI usage [3]. Key Companies and Earnings Forecast - The report includes a table of key companies with their stock prices and earnings per share (EPS) forecasts for 2023 to 2026, highlighting companies such as Century Tianhong, Tencent Holdings, Kying Network, and Southern Media [4]. - Notable EPS projections include Kying Network with an EPS of 1.13 in 2025 and Southern Media with an EPS of 1.14 in the same year [4].

证券代码：603598 证券简称：引力传媒 公告编号：2025-010 引力传媒股份有限公司 | 剩余被质押股份数量占其所持股份比例 | 0.00% | | --- | --- | | 剩余被质押股份数量占公司总股本比例 | 0.00% | 重要内容提示： 截至本公告披露日，控股股东罗衍记先生直接持有公司股份 85,746,300 股，占公 司总股本的 31.94%，其一致行动人北京合创盛世管理咨询合伙企业（有限合伙）（以下 简称"合创盛世"）持有公司股份 20,000,000 股，占公司总股本的 7.45%，罗衍记先生 及其一致行动人共计持有公司股份 105,746,300 股，占公司总股本的 39.39%。 本次股份解除质押后，公司控股股东罗衍记先生及其一致行动人累计质押股份数量 为 5,000,000 股（为上市公司贷款提供反担保），占其持股总数的 4.73%，占公司总股 本的 1.86%。 一、 本次股份解除质押情况 引力传媒股份有限公司（以下简称"公司"）于近日收到控股股东一致行动人合 创盛世关于部分股份解除质押的通知，具体情况如下： | 股东名称 | 北京合创盛世管理咨询合伙企业 | | | | ...