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 Insights - The advertising and marketing sector experienced a 2.04% increase on November 3, with Fushi Holdings leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Fushi Holdings (300071) closed at 5.76, with a significant increase of 13.39%, trading volume of 2.9476 million shares, and a transaction value of 1.691 billion [1] - Tianxiao (600556) saw a closing price of 6.83, up 9.98%, with a trading volume of 1.6493 million shares and a transaction value of 1.098 billion [1] - Other notable performers include Yaowang Technology (002291) with a 5.30% increase, Longyun Co. (603729) up 3.65%, and BlueFocus Communication Group (300058) up 3.13% [1] Capital Flow - The advertising and marketing sector experienced a net outflow of 128 million from institutional investors, while retail investors saw a net inflow of 155 million [1] - Specific stock capital flows indicate that Tianxiao had a net outflow of 114 million from retail investors, while Fushi Holdings had a net outflow of 87.774 million from institutional investors [2] - The overall trend shows that while institutional and speculative funds are withdrawing, retail investors are actively buying into the sector [1][2]

Market Overview - The Shanghai Composite Index closed at 3976.52 points, above the annual line, with a gain of 0.55% [1] - The total trading volume of A-shares reached 21,329.04 million yuan [1] Stocks Breaking Annual Line - A total of 110 A-shares have surpassed the annual line today, with notable stocks including: - Deer Chemical with a deviation rate of 14.65% - Yabao Chemical at 11.35% - Fushi Holdings at 10.87% [1] Top Stocks by Deviation Rate - The following stocks had the highest deviation rates from the annual line: - Deer Chemical: 20.75% increase, latest price 16.06 yuan, deviation rate 14.65% [1] - Yabao Chemical: 11.98% increase, latest price 8.13 yuan, deviation rate 11.35% [1] - Fushi Holdings: 13.39% increase, latest price 5.76 yuan, deviation rate 10.87% [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Meirui New Materials: 19.99% increase, latest price 18.97 yuan, deviation rate 9.48% [1] - Intercontinental Oil and Gas: 10.13% increase, latest price 2.61 yuan, deviation rate 9.37% [1] - Tianjin Pulin: 10.00% increase, latest price 22.23 yuan, deviation rate 7.84% [1]

Core Points - The Shanghai Composite Index is currently at 3942.98 points, slightly down by 0.30%, with a total trading volume of 1063.825 billion yuan [1] - As of today, 61 A-shares have surpassed their annual moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The stocks with the highest deviation rates from their annual moving average include: - Deer Chemical (12.02% deviation) - Fushi Holdings (11.06% deviation) - Meirui New Materials (9.48% deviation) [1] - Other stocks that have just crossed the annual moving average with smaller deviation rates include: - COFCO Technology - Zhaoxun Media - Tianwei Foods [1] Trading Data - The trading data for stocks that broke through the annual moving average on November 3 includes: - Deer Chemical: 17.97% increase, 15.25% turnover rate, latest price at 15.69 yuan - Fushi Holdings: 13.58% increase, 24.42% turnover rate, latest price at 5.77 yuan - Meirui New Materials: 19.99% increase, 17.16% turnover rate, latest price at 18.97 yuan [1]

Core Viewpoint - The company, Zhidu Co., Ltd., is a leading digital marketing enterprise in China, specializing in mobile internet traffic aggregation and management, with strong technical capabilities and market competitiveness. Group 1: Business Performance - In Q3 2025, Zhidu Co., Ltd. reported revenue of 3.032 billion yuan, ranking 7th in the industry, below the top competitor BlueFocus at 51.098 billion yuan and the second competitor Shengguang Group at 14.793 billion yuan [2] - The digital marketing segment generated 1.346 billion yuan, accounting for 63.64% of total revenue, while internet media services contributed 678 million yuan, making up 32.06% [2] - The net profit for the same period was 154 million yuan, ranking 4th in the industry, lower than the top two competitors, but higher than the industry average of 18.2432 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 13.27%, down from 15.53% year-on-year and significantly lower than the industry average of 47.46%, indicating low debt pressure [3] - The gross profit margin for Q3 2025 was 16.13%, slightly up from 16.11% year-on-year and above the industry average of 13.48%, reflecting good profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 21.22% to 97,600, while the average number of circulating A-shares held per account increased by 26.93% to 13,000 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked fourth with 15.9228 million shares, an increase of 5.6491 million shares from the previous period [5] Group 4: Future Outlook - According to Guotou Securities, the company achieved revenue of 2.114 billion yuan in H1 2025, a year-on-year increase of 48.17%, while net profit decreased by 18.81% to 82 million yuan [6] - The company is expected to see revenue growth driven by diversified operations in internet media and digital marketing, with projected net profits for 2025-2027 at 303 million, 345 million, and 414 million yuan respectively [6] - Zhonghang Securities noted that the company is recovering from a business adjustment period and is expected to grow rapidly in 2025, with projected revenues of 3.951 billion, 4.701 billion, and 5.682 billion yuan for 2025-2027 [7]

智度科技股份有限公司 关于公司副总经理辞任的公告 赵南先生担任公司副总经理的原定任期届满日为2027年1月15日。截至本公 告披露日，赵南先生未持有公司股票，不存在应当履行而未履行的承诺事项，其 辞任不会对公司经营产生影响。 赵南先生在担任公司副总经理期间勤勉尽责，公司董事会对赵南先生在任职 期间为公司所做出的贡献表示衷心感谢！ 智度科技股份有限公司 关于公司副总经理辞任的公告 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、误导性陈述或者重大遗漏。 智度科技股份有限公司（以下简称"公司"）董事会于近日收到公司副总经 理赵南先生的书面辞任报告，赵南先生因个人工作变动原因，申请辞去公司副总 经理职务及下属公司所有职务。辞任后，赵南先生将不在公司及控股子公司担任 任何职务。根据《公司法》《深圳证券交易所股票上市规则》《公司章程》等相 关规定，赵南先生的辞任报告自送达公司董事会之日起生效。 证券代码：000676 证券简称：智度股份 公告编号：2025-041 特此公告。 智度科技股份有限公司董事会 2025年10月30日 ...

Company Updates - Zhao Nan has resigned from the position of Vice President of Zhidu Co., Ltd. due to personal work changes and will not hold any positions in the company or its subsidiaries after his resignation [1] - As of the first half of 2025, Zhidu Co., Ltd.'s revenue composition is as follows: 97.63% from internet and related services, and 2.37% from other businesses [1] - The current market capitalization of Zhidu Co., Ltd. is 11.6 billion yuan [1] Industry Insights - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation [1] - A new "slow bull" market pattern is emerging, indicating a potential shift in market dynamics [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥918,087,636, representing a year-on-year increase of 5.18% and a cumulative increase of 31.85% year-to-date[5]. - The net profit attributable to shareholders for Q3 2025 was ¥36,820,138.86, a decrease of 31.40% compared to the same period last year, with a year-to-date decrease of 23.16%[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,791,778.19, an increase of 12.90% year-on-year, with a year-to-date increase of 50.44%[5]. - The company's basic earnings per share for Q3 2025 were ¥0.0294, a decrease of 31.31% year-on-year, with a year-to-date decrease of 22.85%[5]. - The company's net profit for the current period is CNY 153,557,873.53, compared to CNY 218,653,958.97 in the previous period, reflecting a decrease of approximately 29.9%[19]. - The total comprehensive income for the current period is CNY 123,458,070.17, down from CNY 197,227,577.45 in the previous period, indicating a decline of about 37.4%[20]. - Operating profit for the current period is CNY 147,862,658.78, compared to CNY 227,630,625.59 in the previous period, representing a decrease of approximately 35.0%[19]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,118,161,106.63, reflecting a 1.80% increase from the end of the previous year[5]. - Total assets increased to ¥5,118,161,106.63 from ¥5,027,709,511.10, reflecting a growth of 1.8%[17]. - Total liabilities decreased to ¥679,397,868.08 from ¥735,887,091.15, a reduction of 7.7%[17]. - The company's equity attributable to shareholders increased to ¥4,271,258,153.03 from ¥4,161,546,975.63, an increase of 2.6%[17]. Cash Flow - The net cash flow from operating activities was negative at -¥128,205,237.65, a decline of 150.99% compared to -¥51,079,014.07 in the same period last year[10]. - Cash flow from operating activities shows a net outflow of CNY -128,205,237.65, worsening from CNY -51,079,014.07 in the previous period[21]. - Cash flow from investing activities has a net inflow of CNY 6,364,872.33, down from CNY 346,949,321.07 in the previous period, indicating a significant decline[22]. - The company's cash and cash equivalents decreased to ¥1,031,727,102.33 from ¥1,092,704,020.40, a decline of 5.6%[15]. - The company’s cash and cash equivalents at the end of the period amount to CNY 1,027,807,981.32, down from CNY 1,152,862,138.25 in the previous period[22]. Expenses - The operating costs for the year-to-date period were ¥2,543,305,618.06, an increase of 31.82% compared to the previous year, in line with the increase in operating revenue[9]. - Research and development expenses surged by 35.30%, reaching ¥121,406,643.34 compared to ¥89,732,767.07 in the previous period[10]. - Research and development expenses increased to ¥121,406,643.34 from ¥89,732,767.07, marking a rise of 35.3%[18]. - The company reported a significant decrease in other income by 82.38%, down to ¥287,026.93 from ¥1,629,383.03 due to reduced government subsidies[10]. - The company experienced a 101.52% decline in asset disposal income, resulting in a loss of -¥1,144,056.31 compared to a gain of ¥75,316,071.83 in the previous year[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,588[12]. - The largest shareholder, Beijing Zhidu De Pu Equity Investment Center, holds 16.52% of the shares, totaling 208,966,338 shares[12]. - The second-largest shareholder, Zhidu Group Limited, owns 6.57% of the shares, amounting to 83,088,573 shares[12]. Accounts Receivable - Accounts receivable increased by 18.90% year-on-year to ¥1,104,489,949.80, driven by growth in internet media and digital marketing business revenues[9]. - Accounts receivable rose to ¥1,104,489,949.80 from ¥928,902,420.51, indicating an increase of 18.9%[15]. - The company reported a significant increase of 3890.40% in accounts receivable financing to ¥37,151,482.90, attributed to changes in the management of receivables[9]. Investment Income - Investment income decreased by 48.89%, amounting to ¥18,880,310.53, primarily due to changes in the long-term investment income of associates[10].

Group 1 - The company held its first extraordinary general meeting of shareholders in 2025 on October 27, 2025, with a combination of on-site and online voting methods [2][5][6] - A total of 525 shareholders attended the meeting, representing 291,004,569 shares, which is 23.2282% of the total voting shares [9][8] - The meeting approved several resolutions, including changes to the use of repurchased shares and the reduction of registered capital [12][15][57] Group 2 - The resolution to change the use of repurchased shares and to cancel them received 99.4335% approval from the voting shareholders [12] - The resolution to reduce registered capital and increase board seats was also approved with 99.4104% of votes in favor [15] - The company will reduce its total share capital by 5,500,000 shares following the cancellation of repurchased shares [57] Group 3 - The company elected Zhang Ting as the employee representative director of the board, with her term starting immediately [62][63] - The election of the employee representative director was conducted in accordance with the revised company articles, which stipulate that such representatives are elected by employees [62][63] - Zhang Ting meets all legal and regulatory requirements for the position and has no conflicts of interest with major shareholders or other board members [65][66]

智度科技股份有限公司 关于选举第十届董事会职工代表董事的公告 证券代码：000676 证券简称：智度股份 公告编号：2025-040 智度科技股份有限公司 关于选举第十届董事会职工代表董事的公告 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、误导性陈述或者重大遗漏。 智度科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 2025 年第一次临时股东会，审议通过了《关于减少注册资本、增加董事会席位并修订 <公司章程>的议案》。根据修订后的《智度科技股份有限公司章程》（以下简称 《公司章程》），公司董事会中设置职工代表董事 1 名。董事会中的职工代表由 公司职工通过职工代表大会、职工大会或者其他形式民主选举产生，无需提交股 东会审议。 公司于 2025 年 10 月 27 日在北京市西城区西绒线胡同 51 号霱公府会议室 召开了职工代表大会 2025 年第一次会议，全体与会代表一致同意选举张婷女士 （简历附后）为公司第十届董事会职工代表董事，任期自本次职工代表大会选举 通过之日起至第十届董事会任期届满之日止。同意张婷女士不再担任职工代表监 事职务。 张婷女士符 ...