（文章来源：每日经济新闻） 每经AI快讯，9月10日，文化传媒板块盘初活跃，新华都涨停，粤传媒涨超4%，中文在线、佳云科技、 兆迅传媒跟涨。 ...

Market Overview - The advertising and marketing sector experienced a decline of 2.38% on September 3, with the leading company, Sai Group, contributing significantly to this drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Notable declines in individual stocks include: - Yinhai Group (300781) down 6.05% to 41.78 - Zhidu Co. (000676) down 6.01% to 10.79 - Xinhua Du (002264) down 4.73% to 7.25 - Yuanlong Yatu (002878) down 4.32% to 18.61 - Jiayun Technology (300242) down 4.28% to 4.25 [1] Capital Flow Analysis - The advertising and marketing sector saw a net outflow of 810 million yuan from institutional investors, while retail investors contributed a net inflow of 694 million yuan [3] - Key capital flow details include: - Major net inflows were observed in stocks like 兆讯传媒 (301102) with a net inflow of 678.32 million yuan from retail investors [3] - Conversely, stocks like 天地在线 (002995) experienced a net outflow of 514.51 million yuan from institutional investors [3]

Market Overview - On September 1, the advertising and marketing sector rose by 3.18%, with Xinhua Dou leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Xinhua Dou (002264) closed at 7.65, up 10.07% with a trading volume of 229,700 shares and a turnover of 171 million yuan [1] - Yuanlong Yatu (002878) closed at 20.32, up 10.02% with a trading volume of 580,300 shares and a turnover of 1.172 billion yuan [1] - Zhiduo Co. (000676) closed at 12.76, up 10.00% with a trading volume of 773,900 shares and a turnover of 972 million yuan [1] - Other notable stocks include Qitian Technology (300061) up 6.06% and Huamei Holdings (000607) up 4.75% [1] Capital Flow - The advertising and marketing sector saw a net inflow of 712 million yuan from institutional investors, while retail investors experienced a net outflow of 166 million yuan [2] - Major stocks like Yuanlong Yatu and Zhiduo Co. had significant net inflows from institutional investors, indicating strong interest [3] Individual Stock Analysis - Yuanlong Yatu had a net inflow of 380 million yuan from institutional investors, representing 32.46% of its trading volume [3] - Zhiduo Co. saw a net inflow of 238 million yuan, accounting for 24.51% of its trading volume [3] - Xinhua Dou experienced a net inflow of 67.61 million yuan, which was 39.61% of its trading volume [3]

Group 1 - The retail sector showed strong performance during trading, with stocks such as Huijia Times, Xinhua Dou, Guoguang Chain, and Sanjiang Shopping reaching the daily limit [1] - Other companies like Yonghui Supermarket, Eurasia Group, Wushang Group, and Gongxiao Daji also experienced gains [1] - Alibaba's Q2 financial report indicated that its instant retail revenue reached 14.784 billion, marking a 12% year-on-year growth, significantly driven by Taobao Flash Sales [1]

国家知识产权局信息显示，福建省新华都工程有限责任公司申请一项名为"一种可稳定安装的矿用地质 环境监控装置"的专利，公开号CN 120557516 A，申请日期为2025年07月。 天眼查资料显示，福建省新华都工程有限责任公司，成立于1999年，位于龙岩市，是一家以从事土木工 程建筑业为主的企业。企业注册资本15009.3793万人民币。通过天眼查大数据分析，福建省新华都工程 有限责任公司共对外投资了4家企业，参与招投标项目30次，专利信息174条，此外企业还拥有行政许可 379个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 专利摘要显示，本发明属于环境监控技术领域，具体的说是一种可稳定安装的矿用地质环境监控装置， 包括立柱，条形块顶部对称设置有滑块，立柱上固定设置有定位箱，立柱内部设置有用于对支撑板位置 调节的调节机构，支撑板上阵列设置有卡槽，定位箱内部设置有用于对支撑板定位的定位机构，滑块内 部设置有环形槽，环形槽内部固定设置有限位环，环形槽内部转动设置有环形块。该可稳定安装的矿用 地质环境监控装置，通过设置的定位块和卡槽便于提高监控机构安装的稳定性对地质环 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company has shown positive momentum in non-standard products and is actively expanding its multi-platform strategy [7] - The second quarter of 2025 saw a revenue increase of 9.6%, outperforming the industry despite challenging market conditions [7] - The company is focusing on optimizing costs and enhancing profitability through non-standard product offerings and improved operational efficiency [7] Financial Forecasts - Total revenue is projected to grow from 3,676 million RMB in 2024 to 4,731 million RMB in 2027, with a compound annual growth rate (CAGR) of approximately 13.03% [1][11] - Net profit attributable to shareholders is expected to increase from 260.17 million RMB in 2024 to 498.24 million RMB in 2027, reflecting a CAGR of 25.75% [1][11] - The earnings per share (EPS) is forecasted to rise from 0.36 RMB in 2024 to 0.69 RMB in 2027 [1][11] Sales and Profitability - The company achieved a gross margin of 23.0% in Q2 2025, with a net profit margin of 7.2% [7] - The sales net profit margin improved by approximately 1.0 percentage points year-on-year, driven by better management of costs and product mix [7] - The company is implementing a large product strategy and expanding its e-commerce partnerships to enhance sales performance [7] Market Position and Strategy - The company is actively exploring new channels, business models, and product innovations to capture market growth [7] - Strategic partnerships with leading e-commerce platforms and expansion into Southeast Asian markets are part of the company's growth strategy [7] - The focus on AI and data-driven operations is expected to enhance efficiency and automate core business processes [7]

据证券之星公开数据整理，近期新华都（002264）发布2025年中报。截至本报告期末，公司营业总收入 18.58亿元，同比下降10.98%，归母净利润1.47亿元，同比上升1.17%。按单季度数据看，第二季度营业 总收入7.52亿元，同比上升9.62%，第二季度归母净利润5406.18万元，同比上升4.45%。本报告期新华 都公司应收账款体量较大，当期应收账款占最新年报归母净利润比达231.27%。 本次财报公布的各项数据指标表现一般。其中，毛利率22.51%，同比减3.99%，净利率8.01%，同比增 14.68%，销售费用、管理费用、财务费用总计2.64亿元，三费占营收比14.22%，同比减13.04%，每股净 资产2.8元，同比增16.56%，每股经营性现金流0.71元，同比增406.14%，每股收益0.21元 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 20.88亿 | 18.58亿 | -10.98% | | 归母净利润(元) | 1.45 Z | 1.47亿 | 1.17% | | 扣非净利润(元 ...

Core Viewpoint - The company reported a decline in revenue and GMV in the first half of 2025, but showed resilience in the second quarter with a year-on-year increase in revenue despite industry pressures [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 1.858 billion yuan, a year-on-year decrease of 11.0%, and a net profit attributable to shareholders of 147 million yuan, an increase of 1.2% [1]. - The company's gross merchandise volume (GMV) for H1 2025 was 3.2 billion yuan, down 26% year-on-year [1]. - In Q2 2025, the company recorded revenue of 752 million yuan, a year-on-year increase of 9.6%, and a net profit of 54 million yuan, up 4.5% [1]. Margin and Cost Management - The gross margin for H1 2025 was 23.4%, a decrease of 0.94 percentage points year-on-year, with Q2 gross margin at 23.0%, down 2.40 percentage points [2]. - The company’s expense ratio in Q2 2025 was 14.9%, a decrease of 5.04 percentage points year-on-year, with sales, management, R&D, and financial expense ratios showing varied changes [2]. Strategic Initiatives - The company is leveraging AI and RPA technologies to optimize costs and improve operational efficiency, while also implementing employee stock ownership and incentive plans to retain key personnel [2]. - The company is focusing on the rapid expansion of online liquor sales and has established a robust supply chain and operational capabilities, positioning itself as a leader in the e-commerce liquor sector [3]. Growth Outlook - The company is expected to achieve revenues of 4.484 billion yuan and 5.506 billion yuan in 2025 and 2026, respectively, with net profits projected at 322 million yuan and 409 million yuan [3]. - The current stock price corresponds to a P/E ratio of 16X for 2025, indicating strong long-term growth potential [3].

对于社保基金，本期较上一季度持股减少的社保基金共计1个，即全国社保基金六零四组合，，持股减 少占比达0.12%。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 2025年8月27日，新华都(002264.SZ)发布2025年半年度报告。截至2025年8月26日，共有6个机构投资者 披露持有新华都A股股份，合计持股量达2.19亿股，占新华都总股本的30.45%。其中，机构投资者包括 新华都实业集团股份有限公司、福建新华都投资有限责任公司、阿里巴巴(成都)软件技术有限公司、新 华都科技股份有限公司回购专用证券账户、全国社保基金六零四组合、新华都科技股份有限公司-"领航 员计划(四期)"员工持股计划，机构投资者合计持股比例达30.45%。相较于上一季度，机构持股比例合 计下跌了4.91个百分点。 ...

深交所 指 深圳证券交易所 《公司章程》 指 《新华都科技股份有限公司章程》 《公司法》 指 《中华人民共和国公司法》（2023 年修订） 《证券法》 指 《中华人民共和国证券法》（2019 年修订） 《管理办法》 指 《上市公司股权激励管理办法》（2025 修正） 《上市规则》 指 《深圳证券交易所股票上市规则》（2025 年修订） 《深圳证券交易所上市公司自律监管指南第 1 号——业务办 《自律监管指南》 指 理》（2025 年修订） 证监会、中国证监会 指 中国证券监督管理委员会 本所 指 泰和泰（福州）律师事务所 本所律师 指 本所为本次激励计划指派的经办律师 元 指 人民币元，中国之法定货币，除非另有说明 二、声明 为出具本法律意见书，本所及本所律师声明如下： | 关于新华都科技股份有限公司 | | | --- | --- | | "领航员计划（六期）"股票期权激励计划授予的 | | | 部分股票期权第一个行权期的行权条件成就相关事 | | | 项的 | | | 法律意见书 | | | • 23 37 中国 福州市台江区宁化街道长汀街 号 升龙环球中心 | ICC 层 | | North Bank ...