Investment Rating - The report maintains an "Accumulate" rating for the company Tianyu Digital Science (002354) [1] Core Views - The company achieved a revenue of 1.2 billion yuan in the first three quarters of 2024, a year-on-year decrease of 11.53%, with a net loss attributable to shareholders of 8.58 million yuan [1] - In Q3 2024, the company reported a revenue of 439 million yuan, representing a year-on-year growth of 23.58% [1] - The decline in revenue for the first three quarters is attributed to reduced investment income from joint ventures and adjustments based on recent litigation results [1] - The company is leveraging AI technology to enhance its three major business platforms, which are continuously evolving to support digital transformation and intelligent upgrades across various industries [1] Summary by Sections Revenue and Profitability - The company’s revenue for 2024 is projected to be 1.863 billion yuan, with growth rates of 5.74%, 6.02%, and 5.56% for the years 2024, 2025, and 2026 respectively [3] - The net profit attributable to shareholders is expected to recover to 13.27 million yuan in 2024, with further increases to 20.10 million yuan in 2025 and 37.11 million yuan in 2026 [3] Business Development - The company has developed its proprietary "Zhizhe Qianwen" large model, which has completed algorithm and model filings [1] - The three business platforms include: 1. AI Sales SaaS platform "Mofang Mix" which provides AIGC advertising material generation and optimization [1] 2. Spatial Intelligence MaaS platform "Yuanxiang" offering foundational large model services in the 3D spatial intelligence field [1] 3. Mobile Application Distribution PaaS platform that serves numerous leading generative AI products [1] Financial Projections - The company is expected to see a gradual recovery in profitability, with net profits projected to be 0.13 million yuan in 2024, 0.20 million yuan in 2025, and 0.37 million yuan in 2026 [1] - The report anticipates a significant increase in the number of enterprise clients served, exceeding 1,600 by the end of 2024 [1]

Revenue and Profit - Revenue for the third quarter was RMB 438.6 million, a 23.58% increase year-over-year[3] - Net profit attributable to shareholders was a loss of RMB 1.9 million, a 279.24% decrease year-over-year[3] - Total revenue for the period was 1,200,332,105.98 yuan, a decrease of 11.5% compared to the previous year's 1,356,778,752.64 yuan[14] - Net profit attributable to the parent company's shareholders was -8,581,740.56 yuan, a significant decline from the previous year's 13,568,015.64 yuan[14] - Basic earnings per share were -0.0052 yuan, compared to 0.0082 yuan in the previous year[15] - Comprehensive income attributable to the parent company's shareholders was -25,689,985.86 yuan, a significant decline from the previous year's 16,777,344.17 yuan[15] Assets and Liabilities - Total assets decreased by 7.56% to RMB 1.87 billion compared to the end of the previous year[3] - Total assets decreased to 1,870,463,371.05 yuan from 2,023,376,467.48 yuan at the beginning of the period[12][13] - Current assets decreased to 836,326,737.56 yuan from 884,956,101.56 yuan at the beginning of the period[12] - Non-current assets decreased to 1,034,136,633.49 yuan from 1,138,420,365.92 yuan at the beginning of the period[13] - Long-term equity investments decreased to 139,945,337.96 yuan from 198,690,584.69 yuan at the beginning of the period[12] - Other equity instrument investments decreased to 106,297,442.62 yuan from 141,940,861.69 yuan at the beginning of the period[12] - Fixed assets decreased to 60,640,728.95 yuan from 73,759,109.47 yuan at the beginning of the period[12] - Current liabilities decreased to 416,769,202.43 yuan from 479,993,296.00 yuan at the beginning of the period[13] - Total liabilities decreased to 432,643,176.42 yuan from 497,376,906.70 yuan at the beginning of the period[13] - Owner's equity attributable to the parent company decreased to 1,394,904,478.73 yuan from 1,503,952,254.98 yuan at the beginning of the period[13] - Undistributed profits decreased to -7,316,724,295.95 yuan from -7,281,856,285.30 yuan at the beginning of the period[13] - Total assets amounted to 1,870,463,371.05 yuan, with total equity of 1,437,820,194.63 yuan[14] Cash Flow - Operating cash flow decreased by 123.40% due to delayed payments in data traffic business[7] - Investment cash flow increased by 205.90% due to the recovery of investment funds[7] - Financing cash flow decreased by 123.92% due to the disposal of reserved shares in the previous period[7] - Operating cash flow was negative at -19,251,940.08 yuan, compared to a positive 82,268,484.92 yuan in the previous year[16] - Cash received from sales of goods and services was 2,022,365,173.66 yuan, an increase of 24.3% compared to the previous year's 1,626,727,505.03 yuan[16] - Investment activities generated a net cash flow of RMB 26.26 million, compared to RMB 8.58 million in the previous period[17] - Financing activities resulted in a net cash outflow of RMB 31.17 million, contrasting with a net inflow of RMB 130.29 million previously[17] - The company's cash and cash equivalents decreased by RMB 24.16 million, ending the quarter with a balance of RMB 345.99 million[17] - Cash inflows from investment activities totaled RMB 51.10 million, with RMB 19.10 million from other investment-related activities[17] - Cash outflows for investment activities amounted to RMB 24.84 million, including RMB 19.10 million for other investment-related payments[17] - The company received RMB 9.00 million from borrowings during the quarter[17] - Dividend payments totaled RMB 27.48 million, with RMB 27.28 million paid to minority shareholders[17] Shareholders and Equity - The total number of ordinary shareholders at the end of the reporting period is 126,399[8] - The top shareholder, Weixin Co., Ltd., holds 48,523,319 shares, accounting for 2.93% of the total shares[8] - Hong Kong Securities Clearing Company Limited holds 47,447,381 shares, representing 2.87% of the total shares[8] - Wang Yuhui holds 26,921,702 shares, accounting for 1.63% of the total shares, with 18,880,155 shares under restricted conditions[8] - The China Merchants Bank Southern CSI 1000 ETF holds 19,220,600 shares, representing 1.16% of the total shares[8] - Pan Meihong holds 15,626,200 shares, accounting for 0.94% of the total shares[8] - The China Merchants Bank Huaxia CSI 1000 ETF holds 10,464,800 shares, representing 0.63% of the total shares[8] - Shi Botao holds 9,197,616 shares, accounting for 0.56% of the total shares, with all shares under restricted conditions[8] - Wang Chunzhu holds 8,000,000 shares, representing 0.48% of the total shares[8] - Ding Jie holds 7,849,386 shares, accounting for 0.47% of the total shares, with all shares under restricted conditions[8] Expenses and Costs - Financial expenses increased by 66.54% due to significant foreign exchange losses[7] - Investment income decreased by 501.32% due to reduced earnings from joint ventures and adjustments from recent litigation[7] - Sales expenses decreased to 85,144,947.53 yuan, down 10.8% from the previous year's 95,499,768.79 yuan[14] - R&D expenses were 38,829,070.13 yuan, a decrease of 11.2% compared to the previous year's 43,750,686.04 yuan[14] - Total operating costs were 1,182,417,843.83 yuan, a decrease of 11.9% from the previous year's 1,342,774,259.90 yuan[14] Borrowings and Liabilities - Short-term borrowings increased by 3664.62% due to additional bank loans[7] - Contract liabilities increased by 45.66% due to unsettled data traffic business[7] Other Information - The company's third-quarter report was not audited[18]

股 를 代 码 TIMEVERSE 0 天娱数字科技 (大连) 集团股份有限公司 TIANYU DIGITAL TECHNOLOGY (DALIAN) GROUP CO.,LTD 0 u w N 4 2024年8月 天娱数字科技（大连）集团股份有限公司 2024 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、监事会及除徐德伟之外的董事、监事、高级管理人员均保证半年度报告 内容的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 公司董事长、总经理徐德伟目前被宁夏回族自治区监察委员会立案调查及实施留置， 无法出席董事会，未签署关于 2024 年半年度报告的书面确认意见，无法保证公司 2024 年 半年度报告内容的真实、准确、完整。请投资者特别关注。 主持公司日常经营管理工作的负责人贺晗、主管会计工作负责人黄怡及会计机构负责 人(会计主管人员)关婷婷声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 | --- | --- | --- | --- | |--------------------|---- ...

2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 天娱数字科技（大连）集团股份有限公司 | 北京妙趣横生网络科技有限公司 | 控股子公司 | 其他应收款 | 1,000.00 | - | - | 1,000.00 | 非经营性往来 | | --- | --- | --- | --- | --- | --- | --- | --- | | 霍尔果斯洛亚网络科技有限公司 | 控股子公司 | 其他应收款 | 836.41 | - | - | 836.41 | 非经营性往来 | | 山西鹏景科技有限公司 | 控股子公司 | 其他应收款 | 1,300.00 | - | 1,000.00 | 300.00 | 非经营性往来 | | 聚为数字科技（大连）有限公司 | 控股子公司 | 其他应收款 | 63,861.00 | - | 900.00 | 62,961.00 | 非经营性往来 | | 喀什火力网络科技有限公司 | 控股子公司 | 其他应收款 | 0.39 | - | - | 0.39 | 非经营性往来 | | 山西聚能电子商务有限公司 | 控股子公司 | 其他应收款 | 600.00 | - | - ...

股票代码：002354 股票简称：天娱数科 编号：2024—028 天娱数字科技（大连）集团股份有限公司 第六届董事会第十四次会议决议公告 本公司及除董事长徐德伟先生以外的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。 天娱数字科技（大连）集团股份有限公司（以下简称"公司"）第六届董事 会第十四次会议通知于2024年8月9日以通讯方式发出，会议于2024年8月20日以 现场和通讯表决相结合的方式在公司会议室召开，会议应出席董事8名，实际出 席董事7人，缺席1人，公司董事长徐德伟先生因被宁夏回族自治区监察委员会实 施留置，无法正常履职，会议由经半数以上董事推举的董事贺晗先生主持。会议 召集、召开符合《中华人民共和国公司法》《公司章程》及公司《董事会议事规 则》的规定，会议合法有效。全体与会董事审议通过如下议案： 一、 审议通过《关于2024年半年度报告及摘要的议案》 具体内容详见与本公告同日在《中国证券报》《上海证券报》《证券日报》 《证券时报》及巨潮资讯网（www.cninfo.com.cn）披露的《2024 年半年度报告》 及摘要。 表决结果：同意票7票，反对票0票 ...

股票代码：002354 股票简称：天娱数科 编号：2024—027 天娱数字科技（大连）集团股份有限公司 关于仲裁事项进展的公告 一、关于减值补偿仲裁事项的相关信息 公司子公司天神互动对张伟文、印宏、刘刚就一花科技减值补偿一事，向中 国国际经济贸易仲裁委员会提交了《仲裁申请书》，相关信息详见公司在巨潮资 讯网（http://www.cninfo.com.cn）披露的相关公告，具体如下： | 2023 | 年 6 | 月 | 27 日 | 《关于仲裁及诉讼事项的公告》 | 巨潮资讯网 | | --- | --- | --- | --- | --- | --- | | | 公告日期 | | | 公告名称 | 索引 （http://www.cninfo.com.cn） | 二、有关仲裁事项的进展情况 近日，公司收到中国国际经济贸易仲裁委员会关于一花科技减值补偿争议仲 裁案的《裁决书》，裁决内容如下： （一）驳回天神互动的全部仲裁请求； （二）本案仲裁费人民币 2,834,945 元，全部由天神互动承担，本案仲裁费 已与天神互动预缴的等额仲裁预付金相冲抵。 1 本裁决为终局裁决，自作出之日起生效。 本公司及董事会全体 ...

Financial Performance Expectations - The company expects a net profit loss of between 3.5 million and 7 million yuan for the first half of 2024, representing a decline of 127.99% to 155.97% compared to the same period last year, which had a profit of 12.5062 million yuan[8] - The expected net profit loss after deducting non-recurring gains and losses is between 67.5 million and 71 million yuan, a decrease of 6,912.62% to 7,265.87% compared to the previous year's profit of 990.8 thousand yuan[8] - The basic earnings per share are projected to be a loss of between 0.0021 yuan and 0.0042 yuan, compared to a profit of 0.0076 yuan per share in the same period last year[8] Impact of Non-Recurring Items - The anticipated impact of non-recurring gains and losses on the company's net profit is approximately 64 million yuan[4] Investment Income and Legal Matters - The decline in income and profit from certain equity-method investees not included in the company's consolidated financial statements significantly affects the investment income recognized under the equity method[3] - The company received a civil judgment from the Dalian Intermediate People's Court in May 2024, dismissing the claims of institutional investors regarding false statements, leading to adjustments in the current period's profit[4] Financial Reporting Status - The financial data provided is preliminary and has not been audited by an accounting firm, with detailed performance and financial data to be disclosed in the 2024 semi-annual report[4]

股票代码：002354 股票简称：天娱数科 编号：2024—025 天娱数字科技（大连）集团股份有限公司 关于诉讼进展的公告 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。 案件受理费 1,343,113.74 元，由原告颐和银丰负担。 天娱数字科技（大连）集团股份有限公司（以下简称"公司"或"天娱数科"） 于近日收到辽宁省大连市中级人民法院（以下简称"大连中院"）送达的关于颐和 银丰天元（天津）集团有限公司（以下简称"颐和银丰"）诉公司证券虚假陈述责 任纠纷一案的《民事判决书》。相关情况公告如下： 一、部分中小投资者诉讼事项的基本情况 2020 年 4 月 28 日，公司收到中国证券监督管理委员会大连证监局下发的《行 政处罚决定书》。目前，公司陆续收到大连中院送达的诉讼相关材料，部分中小投 资者以"证券虚假陈述责任纠纷"为由向大连中院提起民事诉讼，大连中院予以受 理。 关于部分中小投资者诉讼事项的最新进展详见公司于 2024 年 4 月 25 日在巨 潮资讯网（http://www.cninfo.com.cn）披露的《2023 年年度报告》。其中，关于颐和 ...

股票代码：002354 股票简称：天娱数科 编号：2024—024 天娱数字科技（大连）集团股份有限公司 2023 年年度股东大会决议的公告 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： 一、 会议召开和出席情况 1、召集人：天娱数字科技（大连）集团股份有限公司董事会； 通过深圳证券交易系统网络投票时间：2024 年 5 月 28 日上午 9:15—9:25、 9:30—11:30、下午 13:00—15:00； 通过深圳证券交易所互联网投票时间：2024 年 5 月 28 日 9:15—15:00。 4、会议召开地点：北京市朝阳区青年路 7 号达美中心 T4 座 16 层公司会议室； 5、会议主持人：经半数以上董事推选，本次会议由公司董事贺晗先生主持； 1、 本次股东大会不存在否决议案的情形； 2、 本次股东大会不涉及变更以往股东大会已通过的决议。 2、表决方式：现场投票与网络投票相结合的方式； 3、会议召开时间： （1）现场会议时间：2024 年 5 月 28 日（星期二）下午 15:00 （2）网络投票时间：2024 年 5 月 28 日 ...

北京市京都（大连）律师事务所 法律意见书 北京市京都（大连）律师事务所 关于天娱数字科技（大连）集团股份有限公司 召开2023年年度股东大会的法律意见书 知》。公司发出的通知对股东大会召开的时间、地点、召集人、会议召开方式、股权登 记日、会议出席对象、审议事项、会议登记方法、参与网络投票的股东身份认证与投票 程序等事项进行了充分披露和说明，符合《公司法》《股东大会议事规则》及《公司章 程》的规定。 经查证，本次股东大会现场会议于2024年5月28日下午15：00在北京市朝阳区青年 路7号达美中心T4座16层公司会议室召开。通过深圳证券交易系统网络投票时间：2024 年5月28日上午9:15—9:25、9:30—11:30、下午13:00—15:00；通过深圳证券交易所互 联网投票时间：2024年5月28日9:15—15:00。出席会议的股东或代理人的资格登记、会 议召开的时间、地点均符合公告通知的内容。 致：天娱数字科技（大连）集团股份有限公司 北京市京都（大连）律师事务所（以下简称"本所"）接受天娱数字科技（大连） 集团股份有限公司（以下简称"贵公司"）的委托，委派本所律师出席贵公司2023年年 度股东大会 ...