证券之星消息，10月10日广告营销板块较上一交易日下跌1.34%，易点天下领跌。当日上证指数报收于 3897.03，下跌0.94%。深证成指报收于13355.42，下跌2.7%。广告营销板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002291 | 遥望科技 | 7.18 | 9.95% | 130.42万 | | 8.97亿 | | 600556 | 天下秀 | 5.80 | 4.88% | 211.85万 | | 12.03亿 | | 600358 | ST联合 | 5.53 | 2.60% | 9.43万 | 5195.78万 | | | 603729 | 龙韵股份 | 16.85 | 1.87% | 2.51万 | | 4216.19万 | | 000607 | 华媒控股 | 4.24 | 0.47% | 14.65万 | | 6229.94万 | | 002712 | 思美传媒 | 5.40 | 0.37% | 10.54万 | | 5680.4 ...

Group 1 - The core viewpoint of the article is that Huamei Holdings (000607) provides short video services as part of its advertising and planning business, tailored to meet the needs of clients and the company itself [1] - The company's advertising and planning business integrates marketing channels and resources, forming a comprehensive "newspaper, internet, terminal, screen, and building" multimedia matrix to cater to various demands from government, individuals, enterprises, and businesses [1] - The revenue generated from short video services is relatively small and does not significantly impact the company's overall performance for the year [1]

Group 1 - The company is actively monitoring the development of the short drama industry [1] - The company is exploring various cooperation models and participation forms in the short drama sector [1] - Currently, the company has not generated any revenue or profit from these initiatives [1]

Industry Overview - In the first half of 2025, the number of approved domestic online dramas decreased to 724, down 12.77% from 830 in the same period of 2024, with total episodes dropping to 12,103, a decline of 11.57% [1] - The long video platforms released 271 new series, a reduction of 33 compared to the previous year, while domestic new dramas increased by 7 to 137 [1] - The market is shifting from a "one-hit wonder" model to a "diversified" pattern, with fewer blockbuster hits despite an increase in the number of series [1] Company Performance - As of August 31, 2025, five A-share drama companies reported a combined revenue of 1.358 billion yuan, a year-on-year increase of 62.75%, but a net profit of -1.7822 million yuan, a decline of 106.72% [2] - Huace Film & TV was the only company to achieve growth in both revenue and net profit, with revenue increasing by 114.94% to 790 million yuan, significantly higher than its peers [3] - Baina Qiancheng experienced a dramatic revenue drop of 46.43% to 136 million yuan, while Huace Film & TV's revenue from drama production and distribution reached 524 million yuan, a substantial increase of 153.38% [3] Market Trends - The micro-drama market in China reached a scale of 50.5 billion yuan in 2024, surpassing box office revenues for the first time, and is projected to grow to 63.43 billion yuan in 2025, with a compound annual growth rate of 19.2% [1] - Huace Film & TV's "Guose Fanghua" became a phenomenon with a Douban rating of 7.8, setting a record for Mango TV [5][6] - The short drama business is gaining traction, with Huace Film & TV's short dramas achieving over 2 billion views, while other companies are also exploring this segment [7][8] Financial Health - Huazi Media reported the highest inventory turnover days at 4,615.38 days, indicating liquidity issues, while its accounts receivable turnover days were 966.18 days [10][14] - Ciweng Media's accounts receivable balance reached 564 million yuan, with 70.37% being over two years old, raising concerns about potential under-provisioning for bad debts [12] - The asset-liability ratio for Huazi Media stood at 81.22%, significantly higher than its peers, indicating a challenging financial position [13][14]

Core Viewpoint - Huamei Holdings (000607) reported disappointing financial results for the first half of 2025, with significant declines in revenue and net profit compared to the previous year [1]. Financial Performance - Total revenue for the first half of 2025 was 507 million yuan, a decrease of 26.23% year-on-year [1]. - The net profit attributable to shareholders was -53.2 million yuan, representing a decline of 343.49% year-on-year [1]. - In Q2 2025, total revenue was 294 million yuan, down 24.47% year-on-year, and the net profit attributable to shareholders was -15.27 million yuan, a decrease of 147.33% [1]. Cost Structure - The proportion of operating expenses (three fees) increased significantly, with total financial, sales, and management expenses reaching 125 million yuan, accounting for 24.75% of total revenue, an increase of 30.75% year-on-year [1]. - Gross margin fell to 12.17%, down 48.58% year-on-year, while net margin was -12.03%, a decrease of 408.5% [1]. Key Financial Ratios - The company's return on invested capital (ROIC) was 0.62%, indicating weak capital returns [3]. - The historical median ROIC over the past decade was 5.82%, with a particularly poor performance in 2020, where ROIC was -15.64% [3]. - The company has recorded six years of losses since its listing, suggesting a generally unfavorable investment profile [3]. Debt and Liquidity - The company has a healthy cash position, with cash assets reported at 707 million yuan, an increase of 34.17% year-on-year [1]. - The interest-bearing debt increased significantly to 876 million yuan, a rise of 129.83% year-on-year, leading to an interest-bearing asset-liability ratio of 24.59% [3].

Group 1 - The company, Huamei Holdings, announced on the evening of August 22 that it plans to reappoint the accounting firm for the fiscal year 2025 as its auditing and internal control auditing institution for a one-year term [2]

Core Viewpoint - Huamei Holdings (000607.SZ) reported a significant decline in revenue and a net loss for the first half of 2025, indicating financial challenges faced by the company [1] Financial Performance - The company achieved an operating revenue of 507 million yuan, representing a year-on-year decrease of 26.23% [1] - The net profit attributable to shareholders of the listed company was -53.2 million yuan, marking a shift from profit to loss compared to the previous year [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -70.6 million yuan [1] - The basic earnings per share were -0.05 yuan [1]

浙江华媒控股股份有限公司 2025 年半年度财务报告 （未经审计） 二○二五年八月 合并资产负债表 2025-06-30 编制单位:浙江华媒控股股份有限 会企01责 | 编制单位:浙江华媒控股股份有限公司 | | | | | | | | | | 货币单位:人民币元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 项目一 | - - 16-11-2 - | 附注 | 2025-06-30 | 2024-12-31 | | 项目 | 附注 | 2025-06-30 | 2024-12-31 | | 流动资产: | | | | | | 流动负债: | | | | | | 货币资金 | 17 1 | 11 - 1 - 0 - | 六、1 | 707,243,138.73 | 706,080,330.49 | 短期借款 | | 六、26 | 67,118,723.62 | 56,244,982.34 | | 交易性金融资产 | 81 113 | Company of the company of | 六、2 | 62.0 ...

浙江华媒控股股份有限公司 2025 年 1-6 月份非经营性资金占用及其他关联资金往来情况汇总表 单位：人民币万元 其它关联资金 往来 资金往来方名 称 往来方与 上市公司 的关联关 系 上市公司核 算的会计科 目 2025年期 初往来资 金余额 2025 年度往 来累计发生 金额（不含 利息） 2025 年度 往来资金 的利息(如 有) 2025 年 度偿还 累计发 生金额 2025 年 期末往 来资金 余额 往来形成原因 往来性质 （经营性往 来、非经营 性往来） 控股股东、实 际控制人 及其附属企业 杭州日报报业 集团（杭州日 报社） 实际控制 人 应收账款 8.50 303.48 301.33 10.65 广告策划、报刊 发行、印刷等 经营性 杭州日报报业 集团有限公司 控股股东 应收账款 12.36 46.82 29.21 29.97 印刷、报刊发 行、会展服务、 投递等 经营性 杭州地铁文化 传媒有限公司 受同一最 终控制方 控制 应收账款 1.60 1.92 1.72 1.80 印刷、图文设计 制作 经营性 浙江华朗实业 有限公司 受同一最 终控制方 控制 应收账款 - 0.01 0.01 - ...

关于拟续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有企 业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 浙江华媒控股股份有限公司（以下简称：华媒控股、本公司）于 2025 年 8 月 21 日召开第十一届董事会第十一次会议、第十一届监事会第九次会议，审议 通过了《关于聘请 2025 年度财务报表审计机构和内部控制审计机构的议案》，拟 续聘上会会计师事务所（特殊普通合伙）（以下简称：上会会计师事务所）为本 公司 2025 年度审计机构和内控审计机构，并拟提交股东会审议。 证券代码：000607 证券简称：华媒控股 公告编号：2025-033 浙江华媒控股股份有限公司 根据 2024 年已履行的招标程序和评标结果，结合公司对上会会计师事务所 执行 2024 年度审计工作情况的监督评价，公司拟续聘上会会计师事务所为 2025 年度财务审计机构及内控审计机构，聘期一年。本次续聘会计师事务所符合财政 部、国务院国资委、证监会印发的《国有企业、上 ...