Core Insights - The company reported a revenue of 9.607 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 3.73%, and a net profit of 4.240 billion yuan, up 6.87% year-on-year [1] - In Q3 2025, the company achieved a revenue of 3.494 billion yuan, with a year-on-year increase of 6.08%, and a net profit of 1.576 billion yuan, growing 6.85% year-on-year [1] - The proposed cash dividend for Q3 2025 is 0.5 yuan per 10 shares, totaling approximately 722 million yuan, with cumulative cash dividends and share buybacks since 2015 amounting to around 34 billion yuan [1] Group 1: Digital Transformation and Marketing Innovations - The company has made significant progress in its digital transformation, establishing a comprehensive measurement and precision marketing system through partnerships with multiple big data platforms [2] - The advertising capabilities have been enhanced with features such as "precision, attribution, interactivity, and optimization," enabling the company to provide better services to advertisers [2] - A new marketing model called "Elevator Touch" was launched in collaboration with Alipay, transforming traditional advertising screens into smart interactive terminals, facilitating measurable offline-to-online interactions [2] Group 2: AI Integration and Operational Efficiency - The company is deepening the integration of AI technology with business scenarios to improve overall operational efficiency and customer service levels [2] - A vertical model for marketing powered by AI has undergone multiple tests, aiming to deliver new industry solutions driven by AI in the future [2]

分众传媒信息技术股份有限公司信息披露事务管理制度 分众传媒信息技术股份有限公司 （2025 年 10 月修订） 第一章 总则 第一条 分众传媒信息技术股份有限公司（以下简称"公司"）为规范公司 及其他信息披露义务人的信息披露行为，加强信息披露事务管理，保护投资者合 法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称 "《证券法》"）、《上市公司治理准则》《上市公司信息披露管理办法》、《深 圳证券交易所股票上市规则》（以下简称"《上市规则》"）、《深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》等相关法律、行政 法规、部门规章及公司章程的规定，结合公司实际情况，制定本制度。 第二条 本制度所称"信息"是指已发生或者拟发生的可能对公司股票及其 衍生品种的交易价格、交易量或投资者的投资决策产生较大影响的任何行为和事 项以及国务院证券监督管理机构、深圳证券交易所要求披露的其他信息。本制度 所称"披露"是指在规定的时间内，在国务院证券监督管理机构规定条件的媒体， 以规定的披露方式向社会公众公布前述信息。 本制度所称"信息披露义务人"是指公司董事、高级管理人员、股东或者存 托凭 ...

Core Insights - The company reported a revenue of 3.494 billion yuan for Q3 2025, representing a year-on-year growth of 6.08% [1] - The net profit attributable to shareholders for Q3 2025 was 1.576 billion yuan, with a year-on-year increase of 6.85% [1] - Basic earnings per share for Q3 2025 stood at 0.1091 yuan [1] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 9.607 billion yuan, reflecting a year-on-year growth of 3.73% [1] - The net profit attributable to shareholders for the first three quarters was 4.24 billion yuan, showing a year-on-year increase of 6.87% [1] - Basic earnings per share for the first three quarters were reported at 0.2936 yuan [1]

证券代码：002027 证券简称：分众传媒 公告编号：2025-065 分众传媒信息技术股份有限公司 二、会议以 7 票同意，0 票反对，0 票弃权，审议通过《公司 2025 年第三季 度利润分配方案》。本议案已经公司董事会审计委员会审议通过。具体内容详见 公司同日刊登于巨潮资讯网（www.cninfo.com.cn）上的《公司 2025 年第三季度 利润分配方案的公告》。 第九届董事会第五次会议决议公告 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，简明清晰， 通俗易懂，没有虚假记载、误导性陈述或重大遗漏。 分众传媒信息技术股份有限公司（以下简称"公司"）第九届董事会第五次 会议于 2025 年 10 月 28 日以通讯表决方式召开，本次董事会会议通知已于 2025 年 10 月 18 日前以电子邮件方式发出。会议应到董事 7 名，实到 7 名。本次会议 由董事长江南春(JIANG NANCHUN)主持，公司高级管理人员列席会议，本次 会议的召开符合《公司法》及《公司章程》的有关规定。 本次会议经逐项审议，通过如下议案： 一、会议以 7 票同意，0 票反对，0 票弃权，审议通过《公司 2025 ...

分众传媒信息技术股份有限公司（以下简称"公司"）于2025年10月28日召 开第九届董事会第五次会议，会议以7票同意，0票反对，0票弃权审议通过了《公 司2025年第三季度利润分配方案》。根据公司2024年年度股东会审议通过的《公 司2025年中期利润分配规划》，本次第三季度利润分配方案未超过股东会授权范 围，无需提交股东会审议。 证券代码：002027 证券简称：分众传媒 公告编号：2025-067 分众传媒信息技术股份有限公司 2025 年第三季度利润分配方案的公告 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，简明清 晰，通俗易懂，没有虚假记载、误导性陈述或重大遗漏。 二、利润分配方案基本情况 一、审议程序 特此公告。 分众传媒信息技术股份有限公司董事会 2025 年 10 月 30 日 备查文件： 1、公司 2024 年年度股东会决议； 2、公司第九届董事会第五次会议决议。 根据公司 2025 年第三季度报告，2025 年第三季度归属于母公司股东的净利 润为人民币 1,575,696,324.26 元；截至 2025 年 9 月 30 日，母公司可供股东分配 的利润为人民币 8,823,8 ...

分众传媒公告，第三季度营收为34.94亿元，同比增长6.08%；净利润为15.76亿元，同比增长6.85%。前 三季度营收为96.07亿元，同比增长3.73%；净利润为42.4亿元，同比增长6.87%。 ...

分众传媒信息技术股份有限公司 2025 年第三季度报告 证券代码：002027 证券简称：分众传媒 公告编号：2025-066 分众传媒信息技术股份有限公司 2025 年第三季度报告 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，简明清晰，通俗易 懂，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、董事会、董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导 性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报 告中财务信息的真实、准确、完整。 3、第一季度报告是否经审计 □是 否 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 上年同期增减 | | 上年同期增减 | | 营业收入（元） | 3,494,369,912.65 | 6.08% | 9,606,726,617.75 | 3.7 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2025-10-29 | 002027 | 分众传媒 | 7.62 | 158.78 | 1,209.90 发证券股份有限 | 国泰海通证券股份 | | | | | | | 公司上海玉三路证 | 有限公司上海浦东 | | | | | | | 劳营业部 | 新区浦东南路证券 | | | | | | | | 营业部 | | 2025-10-29 | 002027 | 分众传媒 | 7.62 | 104.98 | 799.95 广发证券股份有限 | 广发证券股份有限 | | | | | | | 公司上海玉兰路证 | 公司上海玉兰路证 | | | | | | | 券营业部 | 券营业部 | 10月29日，分众传媒大宗交易成交263.76万股，成交额2009.85万元，占当日总成交额的3.53%，成交价 7.62元，较市场收盘价7.62元持平。 ...

Group 1 - The report on the Free Cash Flow (FCF) Top 99 for A-share listed companies in 2024 was led by a team from Tsinghua University and published on October 28, 2025 [2][3] - The concept of high-quality development for enterprises is defined as the ability to continuously generate free cash flow and cash value added [3][4] - The report emphasizes that the ability to create cash value is the only standard for assessing whether a listed company creates shareholder value [4][5] Group 2 - The 2024 FCF Top 99 list includes companies that have been evaluated based on their ability to generate free cash flow over a long-term window, specifically from their IPO or reverse merger year to the end of 2024 [19][20] - The report highlights the increasing attention from capital markets and investors towards the free cash flow generation capabilities of listed companies, with various indices and funds being launched based on this metric [7][8] - The report calls for improved disclosure practices regarding free cash flow and cash value added in annual reports, as well as enhancements to the cash flow statement [8][9] Group 3 - The 2024 FCF Top 99 list includes notable companies such as Focus Media, Kweichow Moutai, and Chongqing Beer, with their respective FCFOE values indicating their cash flow generation efficiency [10][24] - The report identifies new entrants and dropouts from the FCF Top 99 list, with reasons for changes in rankings based on compliance with established standards and performance metrics [25][26][27] - The report provides a detailed analysis of the trends in FCFOE among the listed companies, indicating shifts in performance across various sectors [33][34]

Summary of Earnings Preview for China Internet and Other Services Industry Overview - The report focuses on the China Internet and Other Services sector, particularly highlighting companies involved in gaming and entertainment, such as Damai Entertainment, 37 Interactive Entertainment, G-bits, Perfect World, IQIYI, JOYY, Huya, and Focus Media [2][10]. Key Company Insights Damai Entertainment (1060.HK) - Forecasted 27% YoY total revenue growth in 1HF26, driven by 90% growth in IP business and 13% growth in offline entertainment [3]. - Expected net profit growth of 45% YoY [3]. 37 Interactive Entertainment (002555.SZ) - Anticipated 14% YoY revenue growth and 30% YoY adjusted net profit growth, attributed to new game releases [4]. G-bits (603444.SS) - Forecast aligns with preliminary announcements, with a focus on deferred revenue and 2026 pipelines [4]. Perfect World (002624.SZ) - Expected 34% revenue growth with a shift from a net loss of Rmb189 in 3Q24 to a net profit of Rmb326 in 3Q25 [5]. IQIYI (IQ.O) - Total revenue expected to be largely flat QoQ (-7% YoY), with a forecasted non-GAAP operating loss of Rmb23 million [6]. - Membership revenue projected to increase by 3% QoQ [6]. JOYY (JOYY.O) - Total revenue expected to grow 6% QoQ (-4% YoY), with net income remaining flat [7]. - Focus on advertising revenue and expense control [7]. Huya (HUYA.N) - Anticipated total revenue rebound in 3Q25 with an 11% YoY increase and a narrowing net loss [7]. Focus Media (002027.SZ) - Forecasted revenue growth of 4% YoY, driven by stronger demand from internet advertisers [8]. - Expected net profit growth of 10% YoY [8]. Financial Metrics and Projections - **Damai Entertainment**: Total revenue projected at Rmb3,879 million for 1HF26, with a normalized net profit margin of 12.8% [14]. - **37IE**: Revenue expected at Rmb4,674 million for 3Q25, with a gross margin of 79% [15]. - **G-bits**: Revenue forecasted at Rmb1,631 million for 3Q25, with a gross margin of 92% [17]. - **Perfect World**: Revenue expected at Rmb1,766 million for 3Q25, with a gross margin of 65% [18]. - **IQIYI**: Total revenues projected at Rmb6,688 million for 3Q25, with a gross profit margin of 18% [20]. - **Huya**: Total revenues expected at USD 1,710 million for 3Q25, with a gross profit margin of 13% [21]. - **JOYY**: Total revenues projected at USD 537 million for 3Q25, with a gross margin of 36% [24]. Additional Insights - The report emphasizes the importance of management comments on revenue growth momentum and normalized margin levels across companies [3][4][5]. - The potential for upside surprises in revenue growth for several companies, particularly in the context of new game releases and advertising demand, is highlighted [12][13]. - The overall industry view remains attractive, with a focus on the evolving landscape and potential regulatory impacts [10]. This summary encapsulates the key points from the earnings preview, providing a comprehensive overview of the anticipated performance and strategic focus of the highlighted companies within the China Internet and Other Services sector.