根据《审核问询函》的要求，公司会同中介机构就《审核问询函》的反馈意 见进行逐项核查、落实和回复。鉴于《审核问询函》涉及的部分事项还需进一步 落实，以上事项的完成所需工作时间较长，预计无法在规定时间内完成回复工作。 公司已向深交所申请，将延期至《审核问询函》回复届满之日起 30 日内向审核 中心提交《审核问询函》的书面回复材料并及时履行信息披露义务。 本次交易尚需深交所审核通过以及中国证券监督管理委员会同意注册后方 可实施。最终能否经深交所审核通过，并经中国证券监督管理委员会予以注册以 及最终获得审批通过或同意注册的时间均存在不确定性。公司将根据该事项的进 展情况，按照有关法律法规的规定和要求及时履行信息披露义务，敬请广大投资 者注意投资风险。 证券代码：002995 证券简称：天地在线 公告编号：2025-048 北京全时天地在线网络信息股份有限公司 关于延期回复《关于北京全时天地在线网络信息股份有 限公司发行股份购买资产并募集配套资金申请的审核问 询函》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。 北京全时天地在线网络信息股份有限公司（以下简称" ...

Core Viewpoint - The key to breaking through in the marketing industry lies in integrating technological innovation deeply into the industry, making new productive forces the core engine for high-quality corporate development [2][12]. Company Overview - Tian Di Online, established in 2005, has become a significant player in the internet marketing service sector, providing digital marketing and intelligent comprehensive services to over 170,000 enterprise clients [4]. - The company has built a marketing network covering major media resources such as Tencent, ByteDance, and 360, driving growth through a dual approach of "digital marketing services + intelligent comprehensive services" [4]. New Productive Forces - In the digital marketing field, new productive forces are reflected in the ability to innovate marketing models and enhance marketing effectiveness through data elements, AI technology, and cloud computing [5]. - Key breakthroughs for cultivating new productive forces include deep data value extraction, large-scale application of AIGC, creating virtual-real integrated marketing scenarios, and achieving automation and intelligence across the marketing chain [5][6]. Strategic Directions - The company is focusing on technology-driven strategies, scene reconstruction, and ecological collaboration to enhance its market position [6][7]. - The integration of virtual and real interactions has created new commercial spaces, with the company exploring virtual digital content services and immersive experiences in collaboration with cultural landmarks and commercial centers [6]. Business Evolution - The company adopts a strategy of "stabilizing the foundation while nurturing new opportunities," optimizing traditional digital marketing services while promoting the scene-based implementation of virtual digital businesses [8]. - Resources are strategically invested in developing innovative businesses represented by virtual digital assets and AI-driven enterprise applications [8][9]. R&D and Innovation - R&D is a core focus for the company, with significant emphasis on intelligent marketing, virtual reality content services, and AI applications [11]. - The company aims to enhance service value and client experience through continuous innovation and refinement of its offerings [11].

Core Viewpoint - The recent public fund reports reveal that high-performing funds have achieved impressive returns by focusing on sectors like innovative pharmaceuticals and new consumption, while also highlighting a trend towards thematic funds targeting niche markets [1][2][5]. Fund Performance and Holdings - High-performing funds have seen significant returns, with the Changcheng Pharmaceutical Industry Fund achieving a return rate of 102.52% this year, driven primarily by its focus on innovative pharmaceuticals [2]. - Many top-performing funds in the first half of the year are pharmaceutical-themed, including Zhongyin Hong Kong Stock Connect Pharmaceutical and Huashan Pharmaceutical Biotechnology [2][3]. - The top holdings of several funds have shifted towards technology and pharmaceuticals, with notable new additions like Zhongji Xuchuang and Xin Yisheng in the top ten holdings of the China Europe Digital Economy Mixed Fund [3]. Thematic Funds and Sector Focus - Some actively managed funds have undergone significant portfolio changes, with a complete overhaul of their top holdings to focus on emerging sectors like robotics and short dramas [4]. - The Tongtai Industry Upgrade Mixed Fund increased its stock position from 30% to 90% and shifted its focus to robotics, while the Tongtai Huile Mixed Fund transitioned to short drama and gaming stocks [4]. - Fund companies are launching numerous thematic products targeting specific high-growth sectors, such as controllable nuclear fusion and deep-sea technology, indicating a trend towards specialized investment strategies [5]. Market Outlook - Fund managers maintain a positive outlook for the equity market in the third quarter, with confidence in the performance of related sectors [6]. - The Changcheng Pharmaceutical Industry Fund manager anticipates growth in innovative pharmaceuticals driven by overseas licensing and domestic sales, while the Tongtai Industry Upgrade Fund manager expects significant opportunities in the robotics sector due to increased production and technological advancements [6].

Core Viewpoint - The market is currently experiencing structural opportunities, particularly with a "seesaw" phenomenon between technology stocks and high-dividend assets, as technology stocks strengthen while bank sector high-dividend assets undergo a correction [1]. Group 1: Technology Stocks and AI - Technology stocks, especially in the AI sector, have shown significant strength, with hardware and application segments both rising, leading to a boost in the TMT (Technology, Media, and Telecommunications) sector [1]. - Notable stocks in the AI sector include New Yi Sheng (300502), which rose by 11.69%, and Zhong Ji Xu Chuang (300308), which increased by 1.54%, with trading volumes of 130 billion and 101.7 billion respectively, ranking first and second in A-shares [1]. - The human-shaped robot and innovative drug sectors are also experiencing a rebound, with stocks like Wang Wei New Material and Rong Tai Co. seeing significant gains [1]. Group 2: Human-shaped Robots - The human-shaped robot sector has rebounded significantly, positively impacting the overall market, with multiple related sectors such as PEEK materials, motors, automotive parts, and industrial mother machines also rising [4]. - Key stocks in this sector include Rong Tai Co. (605133) and Zhejiang Rong Tai (603119), both hitting the daily limit up with increases of 10.01% and 10.00% respectively [6][5]. - The industry is in a relatively early stage, with expectations for broader applications in service, household, industrial, and rescue scenarios over the next 3 to 5 years, despite facing challenges in large-scale application [8]. Group 3: New Consumption Trends - The new consumption sectors, including the "Guzi Economy," pet economy, and beauty care, have collectively risen, indicating a rebound in consumer spending [10]. - In the "Guzi Economy," stocks like Tian Di Online and Hengdian Film & Television hit the daily limit up, reflecting strong market interest [10]. - The pet economy is also thriving, with Lan Sheng Co. hitting the daily limit up, supported by a growing pet ownership trend in urban areas, projected to reach 120 million pets by 2024 [14]. Group 4: Market Dynamics - The overall market is characterized by index fluctuations while individual stocks are performing strongly, particularly in AI, human-shaped robots, and innovative drugs [1]. - The market sentiment is shifting towards higher risk appetite, driven by the performance of technology stocks and emerging sectors [1].

Market Overview - The Shanghai Composite Index closed at 3500.62 points, below the five-day moving average, with a change of -0.12% [1] - The total trading volume of A-shares reached 926.995 billion yuan [1] Stock Performance - A total of 881 A-shares have prices that surpassed the five-day moving average [1] - Stocks with significant deviation rates include: - Yangdian Technology (13.80%) - Jujie Microfiber (13.15%) - Jindao Technology (9.04%) [1][2] - Stocks with minor deviation rates that just crossed the five-day moving average include: - Shanghai Laishi - Langsha Shares - Shanhe Intelligent [1] Individual Stock Data - Yangdian Technology (301012) had a trading rate of 20.02% with a latest price of 23.14 yuan and a deviation rate of 13.80% [2] - Jujie Microfiber (300819) also had a trading rate of 20.02%, latest price of 28.18 yuan, and a deviation rate of 13.15% [2] - Jindao Technology (301279) reported a trading rate of 13.38%, latest price of 25.00 yuan, and a deviation rate of 9.04% [2]

广告营销板块短线走低，华媒控股（000607）触及跌停，华扬联众（603825）、龙韵股份、思美传媒 （002712）、遥望科技（002291）、天地在线（002995）等跟跌。 ...

Performance Forecast - The company expects a net loss for the period from January 1, 2025, to June 30, 2025, with an estimated loss ranging from 24 million to 45 million yuan, compared to a loss of 22.3791 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be a loss between 24.2 million and 46 million yuan, compared to a loss of 23.3016 million yuan in the previous year [1] - The basic earnings per share are expected to be a loss between 0.1352 yuan and 0.2536 yuan, compared to a loss of 0.1261 yuan per share in the same period last year [1] Reasons for Performance Change - The decline in overall operating performance is attributed to increased procurement costs influenced by upstream media policies [1] - The company conducted a comprehensive review of various assets at the end of the reporting period and, based on prudence, made provisions for asset impairment for assets showing signs of impairment [1]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a net loss attributable to shareholders for the first half of 2025, ranging from **RMB 24 million to RMB 45 million**, representing an expanded loss compared to the prior year Performance Forecast Summary | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 24 million – RMB 45 million | Loss: RMB 22.3791 million | | **Net Profit After Non-Recurring Items** | Loss: RMB 24.2 million – RMB 46 million | Loss: RMB 23.3016 million | | **Basic Earnings Per Share** | Loss: RMB 0.1352/share – RMB 0.2536/share | Loss: RMB 0.1261/share | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company explicitly states that the financial data in this performance forecast has not been audited by an accounting firm - The financial data in this performance forecast has not been audited by an accounting firm[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The decline in performance is primarily attributed to increased procurement costs due to upstream media policy changes and the company's provision for asset impairment based on prudence principles - Upstream media policy changes have led to increased procurement costs, resulting in a decline in overall operating performance[4](index=4&type=chunk) - Based on the principle of prudence, the company has made provisions for asset impairment for relevant assets showing signs of impairment[4](index=4&type=chunk) [Risk Warning and Other Related Disclosures](index=1&type=section&id=IV.%20Risk%20Warning%20and%20Other%20Related%20Disclosures) The company advises investors that this performance forecast is based on preliminary calculations and is unaudited, with final data subject to the 2025 semi-annual report, urging caution regarding investment risks - The financial data in this performance forecast are preliminary and unaudited, with detailed financial figures to be disclosed in the company's 2025 semi-annual report[5](index=5&type=chunk) - Investors are advised to make cautious decisions and be aware of investment risks[5](index=5&type=chunk)

Core Viewpoint - The A-share short drama game sector experienced significant declines, with multiple companies facing steep drops in their stock prices [1] Company Performance - *ST Zitian saw a decline of over 13% [1] - Yuanlong Yatu dropped by more than 9% [1] - Huanrui Century fell by over 7% [1] - Zhongke Jincai decreased by more than 6% [1] - Tiandi Online and other companies also followed the downward trend [1]

Core Viewpoint - The company, Beijing Quanshi Tiandi Online Network Information Co., Ltd., announces a share reduction plan by its controlling shareholder and related parties, intending to reduce a total of up to 2,469,690 shares, representing 1.39% of the company's total share capital [1][2]. Group 1: Shareholder Information - The shareholders involved in the reduction plan are Tianjin Yiming Tiandi Enterprise Management Consulting Partnership (Limited Partnership) and Tianjin Yifei Tiandi Enterprise Management Consulting Partnership (Limited Partnership), which are employee stock ownership platforms established before the company's initial public offering [1][2]. - As of the announcement date, the shareholding structure includes significant stakes held by the company's actual controller and executives, with specific percentages detailed for each [1]. Group 2: Reduction Plan Details - The reduction plan specifies that Yiming Investment will reduce up to 1,852,268 shares (1.04% of total shares), while Yifei Investment will reduce up to 617,422 shares (0.35% of total shares) [2]. - The reduction will occur within three months following the 15 trading days after the announcement, with adjustments possible based on corporate actions such as stock splits or dividends [2]. Group 3: Commitments and Compliance - The shareholders have made commitments regarding shareholding lock-up periods and conditions for future reductions, including a 36-month lock-up for pre-IPO shares and conditions for extending this period based on stock performance [3][4]. - The company confirms that all shareholders have adhered to their commitments regarding shareholding and reduction intentions, ensuring compliance with relevant laws and regulations [5].