Core Viewpoint - The company, Inertia Media (引力传媒), has issued a notice regarding unusual stock trading fluctuations and risk warnings, highlighting its current focus on advertising agency services while noting that its GEO division is still in the planning stage [1] Group 1 - The company has been identified by media as a GEO concept stock, but its main business remains advertising agency services [1] - The GEO division is still in the process of being established and has not yet developed a mature business model [1] - There is uncertainty regarding market acceptance and profitability of the GEO business, which has not generated any related revenue to date [1]

Core Viewpoint - The company announced that its stock experienced an abnormal fluctuation, with a cumulative price increase of over 20% over two consecutive days from January 12 to 13, 2026, and a total increase of 97.54% from December 30, 2025, to January 13, 2026, with its price-to-earnings and price-to-book ratios significantly higher than the industry average [1] Financial Performance - For the first three quarters of 2025, the company reported revenue of 6.462 billion yuan and a net profit of 20.36 million yuan, with a gross margin of 2.69%, reflecting a year-on-year decrease of 1.73 percentage points [1] Business Development - The GEO business is currently in the planning stage and has not yet established a commercial model or generated revenue [1] Investor Advisory - The company has advised investors to be cautious regarding performance, trending concepts, and risks associated with secondary market trading [1]

Market Overview - The A-share market experienced a broad decline on January 13, with the Shanghai Composite Index dropping nearly 1% and the ChiNext Index falling over 2% [1] - The total trading volume across all A-shares reached approximately 3.7 trillion yuan, setting a new historical record and surpassing 3 trillion yuan for three consecutive trading days [1] - The Shanghai Composite Index closed down 0.64% at 4138.76 points, while the Shenzhen Component Index fell 1.37% and the ChiNext Index decreased by 1.96% [1] Sector Performance - The commercial aerospace sector saw significant declines, with stocks like Aerospace Huanyu dropping over 18% and Shaoyang Hydraulic falling more than 13% [8] - In contrast, the insurance and banking sectors performed well, with New China Life Insurance rising over 4% and China Life Insurance increasing by more than 3% [1] - The AI medical concept stocks were active, with companies like NuoSiGe and HongBo Pharmaceutical hitting the daily limit [2][4] AI Medical Sector - The AI medical sector is experiencing rapid development, with OpenAI launching ChatGPT Health to integrate multi-source health data and provide personalized health recommendations [2][4] - Major domestic players like Ant Group and ByteDance are increasingly investing in AI medical applications, indicating a trend towards deeper integration of AI in healthcare [4] - Analysts predict that by 2025, AI medical applications will see significant advancements across various areas, including medical device functionality and clinical decision support [4] Innovative Drug Sector - The innovative drug sector is gaining momentum, with companies like Rongchang Bio and Puris hitting the daily limit, and WuXi AppTec rising by 6% [4] - The National Medical Products Administration is set to implement policies to support innovative drugs, including data protection and market exclusivity for pediatric and rare disease medications [5] - The overall sentiment in the biopharmaceutical market is improving, with increased attention on AI drug development technologies and a resurgence in investment [5] GEO Concept - The GEO (Generative Engine Optimization) concept stocks are also active, with Tianlong Group and Yidian Tianxia seeing significant gains [6] - The market is recognizing the potential of GEO technology, which aims to enhance information presentation in generative AI engines [6] Commercial Aerospace Concerns - Companies in the commercial aerospace sector, such as Aerospace Huanyu and Shaoyang Hydraulic, have issued warnings about the volatility of their stock prices and the risks of speculative trading [9][10] - These companies have noted that their stock prices have significantly deviated from market trends and their fundamental business performance [10][11]

证券代码：603598 证券简称：引力传媒 公告编号：2026-006 引力传媒股份有限公司 股票交易异常波动暨风险提示公告 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。 重要风险提示： 一、股票交易异常波动的具体情况 本公司股票于2026年1月12日、1月13日连续两个交易日收盘价格涨幅偏离值 累计超过20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异 常波动。 二、公司关注并核实的相关情况 （一）生产经营情况 公司主要业务为品牌营销、社交营销、电商营销与运营服务和数据咨询服务。 经公司自查，公司目前日常经营情况正常，主营业务及业务模式未发生重大变化。 市场环境或行业政策未发生重大调整，内部生产经营秩序正常。 （二）重大事项情况 二级市场交易风险：公司股票2025年12月30日至2026年1月13日收盘价累 计涨幅97.54%，股价短期涨幅较大。公司的最新动态市盈率为311.50， 最新市净率为40.53，显著高于行业平均水平。截至2026年1月13日，公 司所处的L7租赁和商务服务业的最新静态市盈率为32. ...

每经AI快讯，1月13日，引力传媒（603598）(603598.SH)发布股票交易异常波动暨风险提示公告，GEO 业务尚未形成收入：公司GEO业务尚未形成成熟的商业模式，其市场认可度及盈利模式均存在不确定 性，该业务尚未形成相关收入。 ...

Group 1 - The market saw a total of 66 stocks hitting the daily limit up, with 29 stocks achieving consecutive limit ups, and 61 stocks failing to maintain their limit up status, resulting in a limit up rate of 52% (excluding ST and delisted stocks) [1] - Key focus stocks included Fenglong Co., which experienced a 13-day consecutive limit up, and Aoyuan Ceiling, which achieved 7 limit ups in 9 days [1] - The commercial aerospace concept stock Luxin Chuangtou recorded 11 limit ups over 13 days, while AI application stock Yili Media had 6 limit ups in 7 days [1]

Market Overview - The three major indices collectively adjusted, with the Shenzhen Component Index falling over 1% and the ChiNext Index dropping nearly 2% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 3.65 trillion yuan, an increase of 49.6 billion yuan compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index decreased by 0.64%, the Shenzhen Component Index by 1.37%, and the ChiNext Index by 1.96% [1] Sector Performance - The AI application concept sector rose against the trend, with over ten constituent stocks hitting the daily limit, including Ingrity Media, Liou Co., and Shenguang Group [1] - The AI medical concept remained active, with Meian Health achieving three consecutive limit-ups, and stocks like Hongbo Pharmaceutical and Xin Ganjiang also hitting the limit [1] - The power grid equipment sector strengthened in the afternoon, with TBEA and Sanbian Technology reaching the daily limit [1] - The retail sector showed active performance, with Sanjiang Shopping achieving two consecutive limit-ups [1] Declining Sectors - The commercial aerospace and controllable nuclear fusion sectors experienced significant declines, with stocks like Shunhao Co. and China Satellite Communications hitting the daily limit down [1]

Core Viewpoint - A marketing revolution is underway, shifting from "keyword ranking" to "AI answer priority," significantly impacting the media sector, as evidenced by the surge in the Media ETF Huaxia (code: 516190) with a net inflow of 575 million yuan on January 12 [1][6]. Group 1: Market Dynamics - The announcement by Elon Musk to open-source the content recommendation algorithm of the X platform has marked the arrival of the Generative Engine Optimization (GEO) era [1]. - The A-share media sector experienced a wave of price surges, with companies like Liou Co. and Yidian Tianxia achieving consecutive price limits, and the Media ETF Huaxia rising over 8% after an 8.41% increase the previous week [1][6]. - The GEO revolution is expected to create a trillion-yuan market space, as investors recognize the potential of this shift [1]. Group 2: GEO Characteristics - Unlike traditional SEO, GEO emphasizes logical coherence, authoritative data, and emotional resonance in content [2]. - The demand from advertisers is transitioning from "ranking priority" (SEO) to "answer priority" (GEO), leading to innovations in marketing and media business models [2]. - The GEO market in China is projected to reach approximately 2.9 billion yuan by 2025 and 24 billion yuan by 2030, with the global market expected to exceed 100 billion dollars [2]. Group 3: Investment Opportunities - The Media ETF Huaxia (516190) is identified as a prime investment vehicle for the GEO revolution, as its constituent stocks align closely with GEO concepts [3]. - The ETF includes leading companies in online retail, advertising, film publishing, gaming, and digital media, with top holdings such as Focus Media, Giant Network, and BlueFocus [3][4]. - As of January 9, the ETF has achieved a year-to-date return of 13.15% and a one-year return of 52.38%, significantly outperforming the CSI 300 index [6]. Group 4: Long-term Outlook - The transition from traditional search to AI-driven dialogue signifies a fundamental change in how users access information, positioning GEO optimization as a critical area for corporate marketing [6][7]. - The Media ETF Huaxia is well-positioned for long-term investment due to the ongoing trends of traffic entry reshaping, conversion chain reconstruction, and concentrated event catalysts [7].

Group 1 - The media sector has shown strong performance, with the index reaching 1033.55 points and a daily increase of 3.42%, indicating a significant upward trend in stock prices [1] - Several companies, including Tianlong Group, People’s Daily, and Inertia Media, have experienced stock price surges, with Inertia Media achieving six limit-up days within seven trading sessions [1] - Companies like Yidian Tianxia and Zhongwen Online have reported significant stock price deviations, with Yidian Tianxia's stock price increasing over 30% and Zhongwen Online's stock price deviating by 32% over three consecutive trading days, while both companies stated that their operational conditions remain stable [1] Group 2 - The rise of the media sector is primarily supported by AI developments, with companies like Yue Media implementing AI technologies in advertising and content creation, leading to cost reductions and efficiency improvements [2] - The commercialization of AI technology is seen as a fundamental support for the media sector's growth, with companies transitioning from technology development to scalable monetization, thus changing market profitability expectations [2] - Policy measures, including regulations and support for digital content export, are strengthening the foundation for the media industry's development, providing new growth opportunities for companies [2] Group 3 - The dual regulatory approach is reshaping the competitive landscape of the media industry, with regulations aimed at eliminating low-quality productions and promoting resource concentration among compliant and capable companies [3] - The cultural export policy is providing additional market opportunities for media companies, particularly for AI-enhanced digital content, which is expected to have improved efficiency and commercial value in overseas markets [3] - Technological breakthroughs in display technology, such as Hisense's new RGB-Mini LED technology, are providing hardware support for media content presentation, further enhancing the industry's capabilities [3] Group 4 - The integration of AI technology across the media industry is expected to be a core development theme in the long term, optimizing production efficiency in various content areas and shifting production models from human-driven to technology-driven [4] - The sustainability of the media sector's performance will depend on companies' ability to convert AI technology into continuous profit growth [4]

Core Viewpoint - The stock of Inertia Media (603598) has experienced significant volatility, with a recent surge leading to a 79.60% increase in stock price over a short period, raising concerns about potential future declines [1] Group 1: Stock Performance - Inertia Media's stock reached a price of 31.37 yuan per share, with over 100,000 shares locked on the limit-up board [1] - The stock has achieved six limit-up days in the last seven trading sessions [1] Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 6.462 billion yuan and a net profit attributable to shareholders of 20.36 million yuan [1] - The gross margin was 2.69%, a decrease of 1.73 percentage points compared to the same period in 2024, attributed to intensified industry competition and tighter media policies [1] Group 3: Business Operations - The company's main business includes brand marketing, social marketing, e-commerce marketing and operations, and data consulting services, with no significant changes in business operations or market environment reported [1] - The company is in the process of establishing a GEO (Generative Engine Optimization) division, but this business has not yet developed a mature commercial model or generated revenue [2]