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]

Market Overview - The advertising and marketing sector declined by 0.9% on October 14, with Zhidu Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Individual Stock Performance - Notable gainers included: - Yaowang Technology (002291) with a closing price of 7.00, up 1.01% [1] - Longyun Co., Ltd. (603729) at 16.67, up 0.42% [1] - Fenjun Media (002027) at 7.71, up 0.26% [1] - Major decliners included: - Zhidu Co., Ltd. (000676) at 9.16, down 3.68% [2] - Yidian Tianxia (301171) at 30.26, down 2.98% [2] - Tianlong Group (300063) at 8.43, down 2.20% [2] Trading Volume and Capital Flow - The advertising and marketing sector experienced a net outflow of 562 million yuan from institutional investors, while retail investors saw a net inflow of 406 million yuan [2][3] - The trading volume for Yaowang Technology was 1.2584 million shares, with a transaction value of 894 million yuan [1] - The trading volume for Zhidu Co., Ltd. was 436,700 shares, with a transaction value of 409 million yuan [2] Capital Flow Analysis - Yaowang Technology had a net inflow of 17.71 million yuan from institutional investors, while retail investors had a net outflow of 660.91 thousand yuan [3] - Zhidu Co., Ltd. saw a significant net outflow of 89.13 million yuan from institutional investors [3] - The overall capital flow indicates a mixed sentiment among different investor types within the advertising and marketing sector [2][3]

Core Viewpoint - The company, Shanghai Longyun Cultural Technology Group Co., Ltd., is holding an investor briefing on October 17, 2025, to discuss its 2025 semi-annual performance and financial results, allowing for interactive communication with investors [2][3]. Group 1: Meeting Details - The investor briefing is scheduled for October 17, 2025, from 14:00 to 15:00 [4]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an online interactive format [4][3]. - Investors can submit questions from October 10 to October 16, 2025, through the Roadshow Center website or via the company's email [2][4]. Group 2: Participants and Contact Information - Key participants in the meeting include the company's Chairman and General Manager, Yu Yikun, the Chief Financial Officer and Board Secretary, Zhou Yanwei, and independent directors Lei Tiansheng and Wang Chunxia [4]. - Contact person for inquiries is Sun Xianlong, reachable at phone number 021-58823977 and email longyuntzz@obm.com.cn [5][6]. Group 3: Post-Meeting Information - After the investor briefing, participants can access the meeting's details and main content through the Shanghai Stock Exchange Roadshow Center [6].

证券代码：603729 证券简称：龙韵股份 公告编号：临 2025-042 上海龙韵文创科技集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 10 日 （星期五） 至 10 月 16 日 （星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 longyuntzz@obm.com.cn 进行提问。公司将在说明会 上对投资者普遍关注的问题进行回答。 公司董事长兼总经理余亦坤先生、财务总监兼董事会秘书周衍伟 先生、独立董事雷天声先生、王春霞女士、证券事务代表孙贤龙先生。 四、 投资者参加方式 上海龙韵文创科技集团股份有限公司（以下简称"公司"）已于 2025 年 8 月 23 日发布公司 2025 年半年度报告，为便于广大投资者 更全面深入地了解公司 2025 年半年度经营成果、财务状况， ...