欢瑞世纪联合股份有限公司 2025 年半年度报告全文 欢瑞世纪联合股份有限公司 2025 年半年度报告 2025 年 8 月 1 欢瑞世纪联合股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人赵枳程、主管会计工作负责人周怡及会计机构负责人(会计主管人员)周怡 声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者 及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异， 请投资者注意投资风险。 公司在本报告第三节第十部分"公司面临的风险和应对措施"部分，阐述了公司经营 中可能存在的风险及应对措施，敬请投资者查阅。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 ...

前不久，一份名为"总局新印关于电视剧创作的若干举措（21条）"的网传新规在业内流传开来，引发了业内人士大规模集中讨论。 18日，广电总局发文部署促进广电视听内容供给工作，印发实施《进一步丰富电视大屏内容促进广电视听内容供给的若干举措》。举措宣布落地，迅即引 爆市场。当天，影视板块全线飙升，截至午间收盘，百纳千成、华策影视、慈文传媒、欢瑞世纪纷纷涨停。华西证券分析道，影视行业或许迎来"游戏版 号放开"式修复窗口，"影视行业属于内容供给强驱动型产业，若审批效率提升、题材空间扩大、放开地区限制，修复路径或将复制游戏行业的触底反 弹。" 北京日报发布广电总局措施（图源:微博@北京日报） 《若干举措》从集数时长到题材审查，涉及剧集行业的方方面面，每一项都切中行业痛点。其中，值得注意的一条是，推动优秀境外节目引进播出。这意 味着，内容供给层面开源，将会为国内观众带来更多的好剧佳作，同时倒逼国内创作者进行优质化精品创作。 引进剧配额限制距今已有十年时间，海内外市场的情况早已大不相同。在毒眸看来，欧美日韩的内容质量不复以往强势，全球普遍性的"创意荒"并不会让 国产剧受到太大的冲击，只有诚如《黑暗荣耀》《怪奇物语》这类绝对意义 ...

证券代码：000892 证券简称：欢瑞世纪 公告编号：2025-28 欢瑞世纪联合股份有限公司 关于公司持股 5%以上股东所持部分股份 被司法强制执行进展暨解除质押及冻结的公告 股东北京青宥瑞禾文化传媒中心（有限合伙）保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 欢瑞世纪联合股份有限公司（以下简称"本公司"）于 2025 年 6 月 5 日披露的《关于 公司持股 5%以上股东所持部分股份将被司法强制执行的提示性公告》（公告编号：2025-22）： 持有本公司股份 22,935,779 股（占公司总股本的 2.34%）的股东北京青宥瑞禾文化传媒中 心（有限合伙）（以下简称"青宥瑞禾"）因被司法强制执行，自本公告披露之日起 15 个 交易日后以集中竞价方式和大宗交易方式卖出本公司股份 22,935,779 股（占公司总股本的 2.34%，占剔除公司回购专用证券账户股份数量后的公司总股本比例为 2.36%）。 近日，公司收到青宥瑞禾出具的《关于公司股份被司法强制执行进展的通知》，青宥瑞 禾于 2025 年 6 ...

Core Insights - The 2025 summer box office in China surpassed 10 billion yuan as of August 18, 2025, matching the record set in 2024 [1] - The total box office for 2025 reached approximately 37.4 billion yuan, which is 88% of the total box office for 2024 [1] - A-share film and television concept stocks saw significant increases, with several stocks hitting the 20% limit up [1] Box Office Performance - The top five films of the 2025 summer box office as of August 18 are: "Nanjing Photo Studio" (2.58 billion yuan), "Wang Wang Mountain Little Monster" (1.02 billion yuan), "Lychee of Chang'an" (670 million yuan), "Jurassic World: Rebirth" (570 million yuan), and "The Legend of Luo Xiaohei 2" (450 million yuan) [1][2] - The summer box office showed a "front low and back high" trend, with June and July box office figures at 1.91 billion yuan and 4.07 billion yuan, respectively [1] Audience Engagement - The number of viewers for the 2025 summer box office reached approximately 270 million, surpassing the 248 million viewers in the same period of 2024 [2] - High audience ratings for domestic films contributed to their box office success, with several films scoring above 8.5 on Douban [3] Pricing and Market Trends - The average ticket price for the 2025 summer box office is 374 yuan, a noticeable decrease compared to previous years [3] - The summer box office from 2022 to 2024 recorded average ticket prices of 391 yuan, 408 yuan, and 409 yuan, respectively [3] Company Performance - Major film and theater companies are expected to report significant growth in their first-half performance for 2025, driven by the recovery of the film market [4]

Core Insights - The 2025 summer box office in China surpassed 10 billion yuan as of August 18, indicating a strong performance similar to 2024 [1] - The A-share film and television concept stocks saw significant increases, with several stocks hitting the daily limit of 20% and others rising by 10% [1] - The summer box office is crucial for the annual total, with the current summer box office at approximately 374 billion yuan, which is 88% of the total box office for 2024 [1] Box Office Performance - The top five films of the 2025 summer box office include "Nanjing Photo Studio" (2.58 billion yuan), "Wang Wang Mountain Little Monster" (1.02 billion yuan), "Lychee of Chang'an" (670 million yuan), "Jurassic World: Rebirth" (570 million yuan), and "Little Black War 2" (450 million yuan) [1][2] - "Nanjing Photo Studio" has become the 10th highest-grossing film in summer box office history, surpassing "West Rainbow City Rich" from 2018 [2] Audience Engagement - The number of viewers for the 2025 summer box office reached approximately 270 million, exceeding 248 million from the same period in 2024, indicating increased audience attendance [2] - High ratings for domestic films have contributed to attracting more viewers, with several films scoring above 8.5 on Douban [2][3] Pricing and Market Trends - The average ticket price for the 2025 summer box office is 37.4 yuan, a notable decrease compared to previous years, making it the most affordable summer box office in recent years [3] - The summer box office is expected to exceed the 2024 summer box office, supported by popular content [3] Company Performance Outlook - Major film and television companies are expected to report significant growth in their first-half performance for 2025, driven by the recovery of the film market [3]

Core Viewpoint - The recent surge in the film and television sector is closely linked to the "21 Measures" issued by the National Radio and Television Administration (NRTA), which aims to revitalize the industry by addressing key pain points such as the 40-episode limit and restrictions on seasonal dramas [1][4][10]. Group 1: Industry Impact - The NRTA's "21 Measures" include lifting the 40-episode cap, removing the one-year interval requirement for seasonal dramas, and relaxing the broadcast ratio for historical dramas, which are expected to significantly benefit the industry [1][10]. - The film and television industry has faced multiple challenges, including tightened procurement by platforms and a decline in production, leading to a situation where short dramas are squeezing the space for long dramas [4][8]. - The measures are seen as a "timely rain" for the industry, with many production companies accelerating their project preparations in response to the positive news [4][12]. Group 2: Market Response - On August 18, the cultural media index rose by 3.11%, with a net inflow of over 10.2 billion yuan into the film and television sector, indicating strong market confidence following the announcement [5][8]. - Major stocks in the sector, including Huazhi Shumedia (300426.SZ) and Huace Film & TV (300133.SZ), experienced significant gains, with several stocks hitting the daily limit [5][8]. - The NRTA's measures are expected to stimulate both supply and demand sides of the market, enhancing creative space and consumer choice [8][12]. Group 3: Future Prospects - The adjustments in policy are anticipated to lead to a resurgence in long dramas, particularly benefiting companies focused on high-quality IP development [9][12]. - The industry has seen a significant decline in production, with the number of dramas receiving distribution licenses dropping from 429 in 2014 to just 115 in 2024, a decrease of 73% [8][13]. - The measures are expected to attract capital back into the long drama sector, which has been overshadowed by the rise of short dramas, thus potentially reversing the current downward trend in production [12][13].

每经记者｜杜蔚 毕媛媛 每经编辑｜张海妮 8月18日，影视板块迎来久违的大爆发：华智数媒（300426.SZ）、华策影视（300133.SZ）、慈文传媒（002343.SZ）、吉视传媒（601929.SH）、欢瑞世纪 （000892.SZ）等多股涨停。影视股狂飙与上周末广为流传的一份名为"（广电）总局新印关于电视剧创作的若干举措（21条）"（以下简称广电21条）的内 容密切相关。 《每日经济新闻》记者多方采访并独家获悉，相关消息属实，且8月18日广电总局专门召开了两个小时的视频会，解读具体内容。"所有地方（广电）局和代 表企业都参加了。"一位参加了此次会议的影视公司负责人告诉记者。会议内容包含打破40集上限、放开季播剧间隔限制、松绑古装剧播出比例等，每一条 都精准切中行业痛点。 图片来源：网络 多位影视行业人士均向记者直言，在经历平台收紧采购、集数限制加码、资本撤离等多重打击后，电视剧行业早已陷入"短剧挤压长剧生存空间""产量与观 众双流失"的困局。对于广电21条，他们直呼"政策的'及时雨'来了"。 那么，哪些公司会率先获得红利？广电21条又将对内容创作、平台排播、资本布局等产生怎样的影响？记者采访得知，相关 ...

Core Viewpoint - The article highlights the positive impact of the recent measures implemented by the National Radio and Television Administration (NRTA) in China, which aim to enhance the supply of quality audiovisual content, leading to a significant surge in the stock prices of companies in the film and television sector [3][5]. Group 1: Policy Measures - The NRTA has introduced several initiatives to enrich television content, including the "Content Renewal Plan" to boost content innovation and improve management policies for drama series [5]. - The measures also focus on enhancing the production and promotion of ultra-high-definition programs, encouraging the introduction of outstanding foreign programs, and strengthening copyright protection [5]. Group 2: Market Reaction - Following the announcement of the NRTA's measures, the film and television sector in the A-share market experienced a collective surge, with stocks like Huazhi Shumedia and Huace Film & TV reaching their daily limit [5]. - Analysts suggest that the policy changes could signal a turning point for the industry, similar to the lifting of gaming license restrictions in late 2022, potentially leading to improved business models and accelerated project launches [6]. Group 3: Future Outlook - The film and television industry is expected to enter a positive cycle characterized by supply recovery, demand release, performance improvement, and valuation restoration [6]. - The rise of short dramas as mainstream content is anticipated to create a more mature industry chain, driving advertising revenue and new consumption patterns [6].

Market Performance - The film and cinema sector saw a rise of 4.42% on August 18, with Huazhi Shumedia leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Individual Stock Performance - Huazhi Shumedia (300426) closed at 11.57, up 20.02% with a trading volume of 588,300 shares and a transaction value of 665 million [1] - Huace Film & TV (300133) closed at 9.30, up 20.00% with a trading volume of 3,980,400 shares [1] - Other notable performers include: - Baida Qiancheng (300291) at 7.01, up 14.36% [1] - Ciweng Media (002343) at 8.70, up 9.99% [1] - Huanrui Century (000892) at 5.32, up 9.92% [1] Capital Flow Analysis - The film and cinema sector experienced a net inflow of 931 million from institutional investors, while retail investors saw a net outflow of 84.94 million [2] - The main capital inflow and outflow for selected stocks include: - Huace Film & TV had a net inflow of 475 million from institutional investors [3] - Ciweng Media had a net inflow of 231 million from institutional investors [3] - Huanrui Century had a net inflow of 153 million from institutional investors [3]

今日，港A两地影视板块强势上涨，其中，百纳千成、华智数媒、华策影视20CM涨停，慈文传媒、欢瑞世纪10CM涨停，华谊兄弟涨超7%，幸福蓝海、金 逸影视、横店影视等纷纷上涨。 | 代码 | 名称 | 现价 · | 涨跌 | 涨幅+ | | --- | --- | --- | --- | --- | | 300291 | 百纳千成 | 7.36 | | +1.23 +20.07% | | 300426 | 华智数媒 | 11.57 | | +1.93 +20.02% | | 300133 | 华策影视 | 9.30 | | +1.55 +20.00% | | 002343 | 慈文传媒 | 8.70 | +0.79 | +9.99% | | 000892 | 欢瑞世纪 | 5.32 | +0.48 | +9.92% | | 300027 | 华谊兄弟 | 2.90 | +0.21 | +7.81% | | 300528 | 幸福酷海 | 18.93 | +1.08 | +6.05% | | 002905 | 金逸影视 | 10.03 | +0.47 | +4.92% | | 603103 | 横店影视 | 17. ...