北京商报讯（记者 卢扬 实习记者 华卓玛）10月29日，华谊兄弟发布的财报显示，今年三季度营收 6259.56万元，同比下降31.61%；归属于上市公司股东的净利润-3946.2万元，同比增长41.27%。 华谊兄弟方面表示，在电影方面，由周星驰导演的《美人鱼2》已进入后期制作阶段，由冯小刚执导， 雷佳音、胡歌主演的《抓特务》已杀青。此外，《小兵张嘎》《特殊的礼物》《网中人》《平行任务》 《少年火箭》《意外的告别》《超级马丽》《一诺千金》《山贼不贼》《街头》《恋爱的温度》《分手 搭子》《求婚》等多个电影项目也正在制作或加紧筹备开机。 ...

证券代码：300027 证券简称：华谊兄弟 公告编号：2025-041 华谊兄弟传媒股份有限公司 华谊兄弟传媒股份有限公司监事会 二〇二五年十月二十九日 华谊兄弟传媒股份有限公司（下称"公司"）第六届监事会第 16 次会议于 2025 年 10 月 29 日在北京市朝阳门外大街 18 号丰联广场 B 座 9 层会议室以现场 和通讯相结合的方式召开，会议通知于 2025 年 10 月 17 日以电话、通讯、书面 等形式发出。会议应参加监事 3 人，实际参加监事 3 人。本次会议召开符合《公 司法》和《公司章程》的有关规定。本次会议由监事会主席李璟珏女士主持，与 会监事认真审议，形成如下决议： 一、审议通过《华谊兄弟传媒股份有限公司2025年第三季度报告》 监事会认为：公司 2025 年第三季度报告的编制和审核程序符合法律、行政法 规和中国证监会的规定，报告内容真实、准确、完整地反映了公司的实际情况， 不存在任何虚假记载、误导性陈述或重大遗漏。 本议案具体内容详见刊登于中国证监会指定信息披露网站的《华谊兄弟传媒 股份有限公司2025年第三季度报告》。 本议案以 3 票同意，0 票反对，0 票弃权，获得通过。 特此 ...

华谊兄弟传媒股份有限公司 2025 年第三季度报告 证券代码：300027 证券简称：华谊兄弟 公告编号：2025-042 华谊兄弟传媒股份有限公司 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，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、监事会及董事、监事、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.第三季度财务会计报告是否经过审计 □是 否 1 华谊兄弟传媒股份有限公司 2025 年第三季度报告 一、主要财务数据 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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 62,595,641.74 | -31.61% | 215,451,124. ...

华谊兄弟传媒股份有限公司（下称"公司"）第六届董事会第33次会议于2025 年10月29日在北京市朝阳门外大街18号丰联广场B座9层会议室以现场和通讯相 结合的方式召开，会议通知于2025年10月17日以电话、通讯、书面等形式发出。 会议应参加董事9人，实际参加董事9人。本次会议召开符合《公司法》和《公司 章程》的有关规定。本次会议由董事长王忠军先生主持，与会董事认真审议，形 成如下决议： 一、审议通过《华谊兄弟传媒股份有限公司2025年第三季度报告》 证券代码：300027 证券简称：华谊兄弟 公告编号：2025-040 华谊兄弟传媒股份有限公司 第六届董事会第 33 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，没有虚假 记载、误导性陈述或重大遗漏。 华谊兄弟传媒股份有限公司董事会 二〇二五年十月二十九日 董事会编制和审核的公司2025年第三季度报告的程序符合法律、行政法规和 中国证监会的有关规定，报告内容真实、准确、完整地反映了公司的实际情况， 不存在任何虚假记载、误导性陈述或者重大遗漏。 本议案具体内容详见刊登于中国证监会指定信息披露网站的《华谊兄弟传媒 股份有限公司202 ...

Core Insights - The film and cinema sector experienced a slight decline of 0.16% on October 27, with Beijing Culture leading the losses [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Happiness Blue Ocean (300528) saw a closing price of 23.13, with an increase of 3.40% and a trading volume of 470,000 shares, totaling 1.08 billion yuan [1] - Beijing Culture (000802) closed at 4.47, down 2.40%, with a trading volume of 236,900 shares and a turnover of 106 million yuan [2] - Wanda Film (002739) closed at 10.89, down 0.64%, with a trading volume of 254,700 shares and a turnover of 27.8 million yuan [2] Capital Flow - The film and cinema sector saw a net outflow of 239 million yuan from institutional investors, while retail investors had a net inflow of 241 million yuan [2] - Major stocks like Happiness Blue Ocean and Bona Film experienced varying levels of net inflow and outflow from different investor categories [3]

Core Insights - The Silver Hua Fund's A500 ETF reported a net value growth rate of 23.39% over the past year [1] Fund Holdings Summary - New additions to the top ten holdings include Xinyi Semiconductor and Zhongji Xuchuang [1] - The largest holding is CATL, accounting for 3.91% of the fund's portfolio [1] - Major reductions in holdings include: - CATL: decreased by 51.19% to 341,100 shares valued at 137 million [1] - Kweichow Moutai: decreased by 56.72% to 73,700 shares valued at 106 million [1] - Ping An Insurance: decreased by 53.84% to 1,326,800 shares valued at 73 million [1] - China Merchants Bank: decreased by 53.69% to 1,530,100 shares valued at 62 million [1] - Midea Group: decreased by 52.51% to 621,200 shares valued at 45 million [1] - Dongfang Caifu: decreased by 53.64% to 1,555,900 shares valued at 42 million [1] - Industrial Bank: decreased by 53.15% to 2,075,900 shares valued at 41 million [1] - Longjiang Power and BYD have exited the top ten holdings [1]

Core Viewpoint - Huayi Brothers' stock has experienced a decline of 5.73% year-to-date, with a recent drop of 2.37% on October 24, 2023, indicating ongoing challenges in the media and entertainment sector [1] Company Overview - Huayi Brothers Media Co., Ltd. was established on November 19, 2004, and listed on October 30, 2009. The company primarily engages in film and television production, distribution, and related services, with a revenue composition of 99.31% from film and television entertainment [1][2] - The company operates in the media sector, specifically in film and television production, and is involved in various concept sectors including film and television media, animation, and digital IP [2] Financial Performance - For the first half of 2025, Huayi Brothers reported a revenue of 153 million yuan, a significant decrease of 50.37% year-on-year, and a net profit attributable to shareholders of -74.44 million yuan, reflecting a decline of 401.15% [2] - The company has cumulatively distributed 850 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Information - As of June 30, 2025, the number of Huayi Brothers' shareholders was 100,400, a decrease of 4.16% from the previous period, with an average of 24,753 shares held per shareholder, an increase of 4.35% [2] - Notable institutional shareholders include Southern CSI 1000 ETF, which increased its holdings by 4.93 million shares, and Hong Kong Central Clearing Limited, which also increased its holdings [3]

Market Overview - The film and cinema sector saw a rise of 2.29% on October 23, with Happiness Blue Sea leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Happiness Blue Sea (300528) closed at 23.46, with a significant increase of 20.00% and a trading volume of 676,700 shares, amounting to a transaction value of 1.466 billion yuan [1] - Huanrui Century (000892) rose by 10.07% to close at 6.34, with a trading volume of 1,249,100 shares and a transaction value of 780 million yuan [1] - Jiecheng Co. (300182) increased by 3.25% to 6.36, with a trading volume of 1,993,500 shares and a transaction value of 1.257 billion yuan [1] - Other notable performers include Huayi Brothers (300027) up 2.85% to 2.53, and Light Media (300251) up 2.44% to 16.80 [1] Capital Flow Analysis - The film and cinema sector experienced a net inflow of 784 million yuan from institutional investors, while retail investors saw a net outflow of 596 million yuan [2] - The main stocks with significant net inflows include Happiness Blue Sea with 279 million yuan and Huanrui Century with 161 million yuan [3] - Conversely, retail investors showed notable outflows in stocks like Happiness Blue Sea and Huanrui Century, indicating a divergence in investment behavior [3]

Core Viewpoint - The rapid rise of AI short dramas is reshaping the entertainment industry, driven by technological advancements, capital investment, and changing consumer demands, but challenges in content quality, technology, and commercialization remain [5][10][25]. Group 1: Industry Performance - The AI short drama "奶团太后宫心计" has achieved a cumulative viewership of 210 million, while "兴安岭诡事" reached over 56.13 million views within 21 hours of its release [5][7]. - The original revenue from Douyin for these dramas exceeded 300,000, with a follower increase of over 100,000 [5][10]. - The global AI short drama "AfterDivorce" topped the weekly short drama chart, with a heat value exceeding 5 million, marking it as the first AI short drama to enter the global box office bestseller list [5][10]. Group 2: Production Efficiency - The production of AI short dramas has seen a "cliff-like improvement" in efficiency, exemplified by the AI-produced micro-drama "白狐," which reduced the production cycle from three months to two weeks and cut costs from tens of thousands to thousands per minute [9][18]. - Companies like 博纳影业 and 昆仑万维 are leading the charge, with over 10 A-share listed companies investing in AI short dramas across various dimensions, including technology development and content creation [10][14]. Group 3: Capital Investment - The capital market is rapidly entering the AI short drama space, with over 10 A-share listed companies betting on this sector, indicating a clear shift from experimental projects to large-scale production [10][14]. - Platforms like Douyin and Kuaishou are launching initiatives to support AI short drama creators with significant cash incentives and traffic support, further attracting capital investment [13][14]. Group 4: Technological Transformation - AI technologies are revolutionizing the production process, significantly reducing costs and time while enhancing creative capabilities [18][19]. - Tools like ChatGPT are being utilized for script generation, while AI image and video generation technologies are replacing traditional high-cost production methods [19][21]. Group 5: Challenges Ahead - Despite rapid growth, AI short dramas face challenges such as content homogeneity, lack of standout works, and over-reliance on technology at the expense of storytelling [23][24]. - The industry is grappling with issues related to emotional expression and character development, as AI-generated content often lacks depth compared to human-created narratives [24][25]. - Copyright and ethical concerns are emerging, with instances of AI-generated content infringing on rights, highlighting the need for regulatory frameworks [25].

10月22日，中国电影（600977.SH）在投资者互动平台回答投资者提问时表示，中影制片厂承接短剧拍摄项目。前一天，华谊兄弟 （300027.SZ）也透露，公司正式创建短剧厂牌"华谊兄弟火剧"。 近段时间以来，百度、抖音、美团、京东、小米等互联网巨头亦纷纷布局，争夺下一个"风口"。 数据显示，2024年全国短剧市场规模达505亿元，首次超过全年电影票房。浪潮之下，诸多城市也看到机会，争相竞逐"短剧之都"。 其中话题度最高的，当属郑州。 DataEye剧查查近期发布《2025中国微短剧产业综合实力城市报告》，郑州排名全国第二，仅次于北京；根据智联招聘发布的今年前三季度短 剧行业人才需求，郑州更以13.3%的职位数占比位居城市榜首，三季度需求更大涨75.6%。 越来越多的传统影视行业"大佬"正挤进短剧赛道。 不过也有声音指出，郑州短剧产业的特色是"走量但不保质"，或者换句话说，是"短剧制作流水线"。 这很容易让人联想到郑州此前的产业发展路径。郑州，何以摆脱这样的"标签"？而更值得关注的是，微短剧产业自带文化创意属性，它能否给 郑州带来更多可能？ "野路子" 郑州正在设法坐稳"竖店"品牌。 不久前，郑州发布新一份 ...