11月24日，龙韵股份涨5.17%，截至发稿，报17.90元/股，成交7259.74万元，换手率4.46%，总市值 16.71亿元。 资料显示，上海龙韵文创科技集团股份有限公司位于上海浦东新区民生路118号滨江万科中心16层，成 立日期2003年6月10日，上市日期2015年3月24日，公司主营业务涉及广告全案服务业务、广告媒介代理 业务、酒类销售业务等。主营业务收入构成为：数字化营销全案服务98.20%，媒介代理1.78%，酒类及 其他销售0.02%。 从龙韵股份十大流通股东角度 数据显示，诺安基金旗下1只基金位居龙韵股份十大流通股东。诺安多策略混合A（320016）三季度增 持40.65万股，持有股数92.28万股，占流通股的比例为0.99%。根据测算，今日浮盈赚取约81.21万元。 诺安多策略混合A（320016）成立日期2011年8月9日，最新规模18.55亿。今年以来收益65.7%，同类排 名193/8209；近一年收益60.87%，同类排名225/8129；成立以来收益219.8%。 诺安多策略混合A（320016）基金经理为孔宪政。 截至发稿，孔宪政累计任职时间4年364天，现任基金资产总规模5 ...

Core Insights - The advertising and marketing sector saw a rise of 0.93% on November 13, led by Sai Group, while the Shanghai Composite Index closed at 4029.5, up 0.73%, and the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Group 1: Stock Performance - The top-performing stocks in the advertising and marketing sector included: - Yinhai Group (300781) with a closing price of 38.69, up 8.01% and a trading volume of 70,200 shares, totaling 259 million yuan [1] - Easy Point (301171) closed at 31.32, up 4.99% with a trading volume of 203,600 shares, totaling 614 million yuan [1] - BlueFocus (300058) closed at 8.29, up 4.54% with a trading volume of 5.31 million shares, totaling 429.5 million yuan [1] Group 2: Capital Flow - The advertising and marketing sector experienced a net outflow of 150 million yuan from institutional investors, while retail investors saw a net inflow of 10.47 million yuan [2] - Notable capital flows included: - BlueFocus (300058) had a net outflow of 56.09 million yuan from institutional investors [3] - New Huadu (002264) saw a net inflow of 48.89 million yuan from institutional investors [3] - Yinhai Group (300781) had a net inflow of 38.41 million yuan from institutional investors [3]

Market Overview - The advertising and marketing sector experienced a decline of 0.96% on November 7, with Fushi Holdings leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable stock performances included: - Zhejiang Wenhu Internet (600986) rose by 1.56% to close at 9.11, with a trading volume of 622,200 shares and a turnover of 563 million yuan [1] - Fushi Holdings (300071) fell by 5.33% to close at 5.51, with a trading volume of 1,439,300 shares and a turnover of 805 million yuan [2] - BlueFocus Communication Group (300058) decreased by 1.79% to close at 7.66, with a trading volume of 3,974,900 shares and a turnover of 3.065 billion yuan [2] Capital Flow - The advertising and marketing sector saw a net outflow of 579 million yuan from institutional investors, while retail investors contributed a net inflow of 498 million yuan [2] - The capital flow for specific stocks showed: - Easy Point World (301171) had a net inflow of 80.17 million yuan from institutional investors, but a net outflow of 77.59 million yuan from retail investors [3] - Zhejiang Wenhu Internet (600986) experienced a net inflow of 68.33 million yuan from institutional investors, with retail investors showing a net outflow of 50.85 million yuan [3]

Core Insights - The advertising and marketing sector saw a slight increase of 0.22% on November 4, with Fushi Holdings leading the gains [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 - Fushi Holdings (300071) closed at 6.15, up 6.77% with a trading volume of 2.9468 million shares and a transaction value of 1.694 billion [1] - BlueFocus Communication Group (300058) closed at 7.86, up 3.69% with a trading volume of 6.4236 million shares and a transaction value of 4.887 billion [1] - Other notable stocks include Xinhua Du (002264) at 7.11 (+1.28%), Yilun Media (603598) at 17.26 (+1.05%), and Simay Media (002712) at 5.79 (+1.05%) [1] Capital Flow - The advertising and marketing sector experienced a net outflow of 324 million from institutional investors, while retail investors saw a net inflow of 399 million [2] - The capital flow data indicates that BlueFocus Communication Group had a net inflow of 264 million from institutional investors, while it faced a net outflow of 105 million from speculative funds [3] - Other companies like Fushi Holdings and Yilun Media also showed varied capital flows, with Fushi Holdings experiencing a net outflow of 613.67 million from institutional investors [3]

Core Viewpoint - Longyun Co., Ltd. reported a significant increase in total operating revenue for the first three quarters of 2025, but faced a substantial net loss attributed to shareholders [1] Financial Performance - The total operating revenue for the first three quarters reached 373 million yuan, representing a year-on-year growth of 26.42% [1] - The net profit attributable to shareholders was -65.06 million yuan, compared to a net profit of 2.63 million yuan in the same period last year [1] - The basic earnings per share were -0.71 yuan [1]

证券代码：603729 证券简称：龙韵股份 公告编号：临 2025-043 上海龙韵文创科技集团股份有限公司 第六届董事会第二十一次会议决议公告 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。 一、董事会会议召开情况 上海龙韵文创科技集团股份有限公司（以下简称"公司"）第六届董事会第 二十一次会议（以下简称"会议"）于 2025 年 10 月 28 日在公司（上海浦东民 生路 118 号滨江万科中心 16 层）会议室召开。 (一) 审议通过《2025 年第三季度报告》 公司《2025 年第三季度报告》的编制程序符合法律、法规和中国证监会的 有关规定，报告内容真实、准确、完整地反映了公司 2025 年第三季度经营的实 际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 内容详见公司同日于上海证券交易所网站（www.sse.com.cn）披露的公司 《2025 年第三季度报告》。 本议案提交董事会审议前，已经董事会审计委员会审议通过。 表决结果：赞成 5 票，反对 0 票，弃权 0 票 特此公告。 上海龙韵文创科技集团股份有限公 ...

Financial Performance - The company's operating revenue for the third quarter was ¥117,114,441.28, representing a year-on-year increase of 32.07%[4] - The total profit for the third quarter was -¥51,042,391.31, a decrease of 547.94% compared to the same period last year[4] - The net profit attributable to shareholders for the third quarter was -¥50,361,717.42, reflecting a decline of 568.87% year-on-year[4] - The basic earnings per share for the third quarter was -¥0.55, a decrease of 558.33% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥373,035,415.07, a 26.4% increase from ¥295,083,917.38 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was a loss of ¥65,473,002.02, compared to a profit of ¥2,375,808.36 in the same period of 2024[19] - The company's basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.71, compared to ¥0.03 in 2024[20] - The company reported a total comprehensive loss of ¥65,488,720.12 for the first three quarters of 2025, compared to a comprehensive income of ¥2,286,748.96 in 2024[20] - The company reported a net loss of CNY 76,807,931.41 for the first three quarters of 2025, compared to a net loss of CNY 8,472,040.10 in the same period of 2024, indicating a significant decline in profitability[30] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.83, compared to CNY -0.09 in the same period of 2024, reflecting worsening earnings performance[30] - The company reported a total comprehensive loss of CNY 76,823,649.51 for the first three quarters of 2025, compared to a loss of CNY 8,561,099.50 in the same period of 2024[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥723,838,190.04, an increase of 5.35% from the end of the previous year[5] - The equity attributable to shareholders decreased by 17.76% to ¥305,540,903.36 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥316,634,074.29, an increase from ¥289,093,581.68 as of December 31, 2024[14] - Total liabilities as of September 30, 2025, are ¥421,960,238.11, up from ¥318,769,090.52[15] - Current liabilities increased significantly to ¥405,746,721.18 from ¥263,711,620.51[15] - Non-current assets total ¥407,204,115.75, compared to ¥397,963,831.89 in the previous period[14] - The total assets as of September 30, 2025, are ¥723,838,190.04, compared to ¥687,057,413.57 previously[14] - The total equity attributable to shareholders of the parent company was ¥305,540,903.36, down from ¥371,534,969.03[16] - The total liabilities and equity amounted to ¥723,838,190.04, compared to ¥687,057,413.57 in the previous year[16] - Total liabilities increased to CNY 430,433,909.06 from CNY 297,536,016.16 year-over-year[28] - The total equity decreased to CNY 569,251,234.79 from CNY 646,996,535.30 year-over-year[28] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥861,411.84, indicating a significant cash outflow[4] - Cash inflow from operating activities totaled ¥756,710,879.53, significantly higher than ¥275,436,013.28 in the previous year[22] - Operating cash flow for the first three quarters of 2025 was CNY 9,011,839.47, a recovery from a negative cash flow of CNY 47,869,912.14 in the same period of 2024[33] - Total cash inflow from operating activities reached CNY 729,924,566.79, up from CNY 267,608,759.17 in the previous year, reflecting a strong increase in sales and service revenue[32] - The company incurred cash outflows of CNY 720,912,727.32 from operating activities, compared to CNY 315,478,671.31 in the previous year, indicating increased operational expenses[33] - Cash flow from investing activities showed a net outflow of CNY 11,199,537.60, contrasting with a net inflow of CNY 6,367,375.30 in the same period of 2024, suggesting increased investment expenditures[33] - Cash flow from financing activities resulted in a net outflow of CNY 3,477,277.62, compared to a net inflow of CNY 31,950,754.46 in the previous year, indicating a shift in financing strategy[33] - The company’s cash and cash equivalents at the end of the period stood at CNY 8,930,170.50, a decrease from CNY 17,704,341.47 at the beginning of the period[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,730[11] - The largest shareholder, Duan Peizhang, holds 23,094,300 shares, accounting for 24.74% of total shares[11] Expenses - Total operating costs increased to ¥434,188,277.92, up 49.4% from ¥290,480,748.16 year-over-year[18] - Research and development expenses for the first three quarters of 2025 were ¥4,269,140.07, an increase from ¥3,667,604.53 in 2024[18] - Financial expenses rose to ¥6,091,040.25, compared to ¥4,801,048.50 in the same period last year[19] - Research and development expenses were not explicitly reported but are included in the overall management expenses of CNY 30,418,129.71 for the first three quarters of 2025[29] Investment Activities - The company incurred a net loss from investment activities of CNY -11,346,537.60, compared to a gain of CNY 6,149,971.30 in the previous year[23] - The company reported a net loss from investments of CNY -342,425.60, contrasting with a profit of CNY 1,998,043.33 in the same period last year[29] Accounting Standards - The company has not applied new accounting standards or interpretations for the first time in 2025, maintaining consistency in financial reporting[34]

Core Insights - The advertising and marketing sector experienced a slight increase of 0.1% on October 22, with Jiayun Technology leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Jiayun Technology (300242) closed at 4.38, up 3.55% with a trading volume of 309,600 shares and a turnover of 134 million yuan [1] - Other notable gainers included Zhejiang Wenlian (600986) with a 2.58% increase, and ST Huayang (603825) with a 2.07% increase [1] - Conversely, stocks like Inertia Media (603598) and Yidian Tianxia (301171) saw declines of 2.17% and 1.87% respectively [2] Capital Flow - The advertising and marketing sector saw a net outflow of 14.5 million yuan from institutional investors and 12.97 million yuan from speculative funds, while retail investors contributed a net inflow of 27.47 million yuan [2] - The capital flow data indicates that major stocks like Zhejiang Wenlian and Fenzhong Media experienced significant net outflows from institutional and speculative investors [3]

Core Insights - The advertising and marketing sector saw a rise of 0.73% on October 20, with Fushi Holdings leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance Summary - Fushi Holdings (300071) closed at 4.23, up 3.17% with a trading volume of 170,500 shares and a turnover of 71.79 million yuan [1] - Yili Media (603598) closed at 15.87, up 2.72% with a trading volume of 38,900 shares and a turnover of 61.21 million yuan [1] - Longyun Co. (603729) closed at 16.66, up 2.52% with a trading volume of 22,500 shares and a turnover of 37.20 million yuan [1] - Other notable stocks include Jiayun Technology (300242) at 4.15, up 2.47%, and Huamei Media (002712) at 5.32, up 2.31% [1] Capital Flow Analysis - The advertising and marketing sector experienced a net outflow of 189 million yuan from institutional investors, while retail investors saw a net inflow of 183 million yuan [2] - The overall capital flow indicates that retail investors are more active in the sector compared to institutional investors [2] Individual Stock Capital Flow - Zhejiang Wenlian (600986) had a net inflow of 41.67 million yuan from institutional investors, while retail investors had a net outflow of 36.53 million yuan [3] - Yili Media (603598) saw a net inflow of 6.77 million yuan from institutional investors, with retail investors experiencing a net outflow of 5.13 million yuan [3] - Fushi Holdings (300071) had a net inflow of 4.55 million yuan from institutional investors, but retail investors had a significant net outflow of 10.35 million yuan [3]

Core Insights - The advertising and marketing sector experienced a rise of 1.41% on October 15, with Tianxiexiu leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Tianxiexiu (600556) closed at 5.92, with a gain of 5.53% and a trading volume of 2.09 million shares [1] - Zhejiang Wenlian (600986) closed at 8.06, up 4.40%, with a trading volume of 572,100 shares [1] - Zhidu Co. (000676) closed at 9.48, gaining 3.49% with a trading volume of 404,700 shares [1] - Yaowang Technology (002291) closed at 7.14, up 2.00%, with a trading volume of 997,400 shares [1] - Other notable stocks include Diansheng Co. (300805) at 11.20 (+1.73%) and Fushi Holdings (300071) at 4.27 (+1.67%) [1] Capital Flow - The advertising and marketing sector saw a net inflow of 30.79 million yuan from institutional investors, while retail investors contributed a net inflow of 21.80 million yuan [1] - However, there was a net outflow of 52.60 million yuan from speculative funds [1] Detailed Capital Flow by Stock - Tianxiexiu (600556) had a net inflow of 115 million yuan from institutional investors but a net outflow of 11.01 million yuan from speculative funds [2] - Zhejiang Wenlian (600986) experienced a net inflow of 73.25 million yuan from institutional investors, with a net outflow of 36.48 million yuan from speculative funds [2] - Yaowang Technology (002291) had a net inflow of 28.81 million yuan from institutional investors, while speculative funds saw a net outflow of 0.96 million yuan [2]