证券代码：300043 证券简称：星辉娱乐 公告编号：2026-010 星辉互动娱乐股份有限公司 关于召开2025年度股东会的通知 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。 星辉互动娱乐股份有限公司（以下简称"公司"）根据公司第六届董事会第十 五次会议决议,决定于2026年04月29日14:30召开公司2025年度股东会，现将有关事 项通知如下： 一、召开会议的基本情况 1、股东会届次：2025年度股东会 2、股东会的召集人：董事会 3、会议召开的合法、合规性 公司于2026年03月30日召开的第六届董事会第十五次会议审议通过了本次提交 股东会审议的相关议案，本次会议的召集和召开符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的相关规定。 4、会议时间： （1）现场会议时间：2026年04月29日14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为2026 年04月29日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投 票系统投票的具体时间为2026年04月29日9:15至 ...

星辉互动娱乐股份有限公司 第六届董事会第十五次会议决议公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 星辉互动娱乐股份有限公司（以下简称"公司"）第六届董事会第十五次会 议于2026年3月30日10:00在公司会议室以现场结合通讯方式召开，会议通知已以 专人送达、邮件、传真等方式送达全体董事，与会的各位董事已经知悉与所议事 项相关的必要信息。本次董事会会议应出席董事7名，实际出席会议董事7名。公 司相关高管人员列席了本次会议。会议由董事长陈创煌先生主持，会议的召集和 召开符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 会议采用记名投票的方式进行表决，经与会的董事表决，审议通过了以下决 议： （一）审议通过《2025 年年度报告》及其摘要； 证券代码：300043 证券简称：星辉娱乐 公告编号：2026-004 公司《2025 年年度报告》及摘要的具体内容详见公司同日在中国证监会指 定的创业板信息披露网站披露的公告。 本议案已经公司董事会审计委员会审议通过。 表决结果：赞成 7 票，反对 0 票，弃权 0 票。 ...

本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、审议程序 星辉互动娱乐股份有限公司（以下简称"公司"）于 2026 年 3 月 30 日召开 第六届董事会第十五次会议，以 7 票同意、0 票反对、0 票弃权审议通过了《关 于2025年度利润分配预案及提请股东会授权董事会决定2026年各季度利润分配 方案的议案》。 证券代码：300043 证券简称：星辉娱乐 公告编号：2026-006 星辉互动娱乐股份有限公司 关于2025年度利润分配预案及提请股东会授权董事会决定 2026年各季度利润分配方案的公告 本议案已经公司独立董事专门会议审议并取得了明确同意的意见，议案尚需 提交公司 2025 年度股东会审议。 二、利润分配方案的基本情况 （一）2025 年度利润分配方案 根据广东司农会计师事务所（特殊普通合伙）（以下简称"司农事务所"） 出具的 2025 年度审计报告，2025 年度实现归属于上市公司股东的净利润 301,594,787.54 元，母公司 2025 年度实现税后净利润-134,963,327.65 元。按 照《公司章程》的规定，母公司应提取法定 ...

星辉互动娱乐股份有限公司 2025 年年度报告 1 第一节 重要提示、目录和释义 0 【披露时间】 01 重要提示、目录和释义 星辉互动娱乐股份有限公司 2025 年年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人陈创煌、主管会计工作负责人孙琦及会计机构负责人(会计主 管人员)刘小玲声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司年度报告涉及的未来计划等前瞻性陈述，不构成公司对投资者的实 质承诺，投资者及相关人士均应当对此保持足够的风险认识，并请理解计划、 预测与承诺之间的差异。 公司需遵守《深圳证券交易所上市公司自律监管指引第 4 号——创业板 行业信息披露》中的"互联网游戏业务"的披露要求： 公司不存在在经营状况、财务状况和持续盈利能力方面有严重不利影响 的风险因素。有关公司可能面对的风险及公司应对措施等详见本报告第三节 "管理层讨论与分析"中"公司未来发展的展望"中公司面临的风险及应对 措施。 公司经本次董事 ...

Core Viewpoint - The decline in the stock price of Xinghui Entertainment (300043.SZ) is primarily influenced by individual stock funding and technical factors, while its sector performed relatively stable on the same day [1]. Funding and Technical Analysis - The stock closed at 7.06 yuan, with a drop of 6.12%, and a trading volume of 1.142 billion yuan, resulting in a turnover rate of 12.76%. Net outflow of main funds was approximately 99.76 million yuan, with large orders showing a net outflow of 86.02 million yuan, indicating a strong intention of large funds to reduce holdings [2]. - Technically, the stock price fell below the 5-day moving average (7.012 yuan), but the MACD histogram remained positive (0.096). The KDJ indicator showed the J line at 63.429, not entering the oversold zone, suggesting short-term attention should be on the support level near the lower Bollinger Band at 6.12 yuan [2]. Sector Performance - Despite the significant decline in the individual stock, the gaming sector II only experienced a slight drop of 0.20%, while the sports industry sector fell by 1.20%, indicating overall volatility was less than that of the individual stock. The Shanghai Composite Index rose by 0.09%, and the Shenzhen Component Index fell by 0.35%, reflecting a market that is generally in a consolidation phase without systemic risks [3]. - Some institutions noted that market trading tends to be subdued before holidays, with funds focusing more on structural opportunities, suggesting that stocks with prior significant gains may face profit-taking pressure [3]. Institutional Holdings Analysis - As of the end of the third quarter of 2025, both the Huaxia CSI Animation and Gaming ETF and the Guotai CSI Animation and Gaming ETF were among the top ten circulating shareholders of Xinghui Entertainment, having increased their holdings by 4.2892 million shares and 793,000 shares, respectively. Although the stock price drop today may lead to floating losses for these funds, it is attributed to fluctuations in holdings rather than any negative announcements directly affecting the company's fundamentals [4].

Group 1 - The core point of the news is that Xinghui Entertainment's stock price dropped by 5.05% to 7.14 CNY per share, with a trading volume of 671 million CNY and a turnover rate of 7.43%, resulting in a total market capitalization of 8.884 billion CNY [1] - Xinghui Entertainment, established on May 31, 2000, and listed on January 20, 2010, operates in the gaming, football club, and toy industries, with revenue composition as follows: gaming 35.76%, player transfers 19.13%, car models and baby products 17.72%, TV broadcasting rights 15.18%, ticketing and memberships 5.02%, sponsorship and advertising 3.87%, rental income 1.22%, football derivatives 1.05%, and others 1.04% [1] Group 2 - Among the top ten circulating shareholders of Xinghui Entertainment, Huaxia Fund's Huaxia Zhongzheng Animation Game ETF (159869) increased its holdings by 4.2892 million shares, totaling 25.0519 million shares, which represents 2.01% of the circulating shares [2] - The Huaxia Zhongzheng Animation Game ETF (159869) was established on February 25, 2021, with a latest scale of 12.611 billion CNY, achieving a year-to-date return of 15.72% and a one-year return of 41.16% [2] Group 3 - The fund manager of Huaxia Zhongzheng Animation Game ETF (159869) is Lu Yaun, who has been in the position for 3 years and 248 days, managing a total fund size of 26.429 billion CNY, with the best fund return during his tenure being 94.15% and the worst being -34.01% [3]

Market Overview - The A-share market experienced a narrow fluctuation on February 10, with mixed performance across the three major indices. The Shanghai Composite Index rose by 0.13%, while the Shenzhen Component increased by 0.02%, and the ChiNext Index fell by 0.37% [1] - The total trading volume in the A-share market was 2.12 trillion yuan, a decrease of 145.5 billion yuan compared to the previous trading day. Out of 3,157 stocks, 2,222 rose while 3,157 declined [1] Sector Performance - The sectors that saw significant gains included film and television, short drama games, Sora concept (text-to-video), intellectual property protection, cultural media, mobile games, AI predictions, and online games [1] - Conversely, sectors that experienced declines included precious metals, liquor, cultivated diamonds, photovoltaic equipment, zinc, gold concepts, perovskite batteries, duty-free shops, and horse racing concepts [2] AI Video Generation Impact - ByteDance's AI video generation model, Seedance 2.0, has gained significant attention for its ability to create high-quality videos from text or images in just 60 seconds. This innovation is expected to reshape the content production industry by reducing costs and production cycles [6] - The introduction of Seedance 2.0 is anticipated to accelerate the development of the short drama and animation sectors, which are currently facing challenges such as high costs and long production times. The model's capabilities are expected to lower production costs and increase industry capacity [7] Market Sentiment and Predictions - As the Lunar New Year approaches, investors are faced with the decision to hold stocks or cash. Historical data suggests a tendency for the Shanghai Composite Index to rise around the holiday period, with 7 out of the last 10 years showing gains [8] - Multiple institutions express optimism regarding the market's performance around the New Year, with a prevailing recommendation to "hold stocks for the holiday." This sentiment is supported by recent policy measures aimed at enhancing market confidence and liquidity [9] - Current valuation levels indicate that the overall A-share index price-to-book ratio has dropped to 1.90, which is at the historical median level. Earnings forecasts suggest a shift in focus from valuation to profitability, with certain sectors like technology manufacturing showing positive trends [10]

Core Viewpoint - ByteDance's AI video generation model Seedance 2.0 has gained significant attention both domestically and internationally, leading to a surge in AI application themes in the A-share market [1][4]. Market Overview - On February 10, the A-share market exhibited a fluctuating trend with noticeable structural differentiation. AI application themes saw widespread increases, particularly in sectors such as short drama games, cultural media, online games, virtual humans, and cybersecurity, while the photovoltaic industry experienced a pullback [1]. - The Shanghai Composite Index closed at 4122.34, down 0.02%, and the Shenzhen Component Index closed at 14206.26, also down 0.02% [2]. Cultural Media Sector - The cultural media sector experienced a significant surge, with multiple stocks hitting the 20% limit up, including Readkey Culture, Jiecheng Co., Rongxin Culture, Light Media, and Chinese Online. Other stocks like Happiness Blue Sea rose over 10% [4][5]. - The cultural media index rose by 6.76%, indicating strong market performance [5]. AI Video Technology Impact - Seedance 2.0 is expected to lead the way in the short content field, such as AI comic dramas and short dramas, by significantly reducing production costs and shortening production cycles. This advancement is anticipated to drive industry capacity expansion [6]. - The model's capabilities include self-storyboarding, multi-modal references, audio-visual synchronization, and multi-camera narrative capabilities, which are expected to enhance video usability and lower production costs [6]. Gaming Sector Performance - The gaming sector also saw widespread gains on February 10, with stocks like Wento Holdings and Perfect World reaching their daily limits [8]. - The gaming index increased by 4.71%, reflecting positive market sentiment [9]. Regulatory Environment and Market Growth - In January 2026, 182 game licenses were issued, continuing a trend of normalized issuance since 2025, indicating regulatory support for the industry's healthy development. The gaming market's actual sales revenue is projected to reach 350.79 billion yuan in 2025, marking a 7.68% year-on-year growth [9][10]. - The gaming sector is expected to benefit from AI applications, with both established and new games leveraging AI to enhance user engagement and content creation [10]. Hong Kong Market Trends - The Hong Kong market mirrored the A-share surge, particularly in cultural media and innovative drug services, with notable gains in stocks like WuXi Biologics and WuXi AppTec [11].

Group 1 - The core point of the news is that Xinghui Entertainment's stock price increased by 5.26% to 7.40 CNY per share, with a trading volume of 839 million CNY and a turnover rate of 9.39%, resulting in a total market capitalization of 9.207 billion CNY [1] - Xinghui Entertainment, established on May 31, 2000, and listed on January 20, 2010, operates in the gaming, football club, and toy industries. The revenue composition is as follows: gaming 35.76%, player transfers 19.13%, car models and baby products 17.72%, TV broadcasting rights 15.18%, ticketing and memberships 5.02%, sponsorship and advertising 3.87%, rental income 1.22%, football derivatives 1.05%, and others 1.04% [1] Group 2 - Among the top ten circulating shareholders of Xinghui Entertainment, Huaxia Fund's Huaxia Zhongzheng Animation Game ETF (159869) increased its holdings by 4.2892 million shares, totaling 25.0519 million shares, which represents 2.01% of the circulating shares. The estimated floating profit today is approximately 9.2692 million CNY [2] - The Huaxia Zhongzheng Animation Game ETF (159869), managed by fund manager Lu Yayun, was established on February 25, 2021, with a current scale of 12.611 billion CNY. Year-to-date returns are 9.95%, ranking 947 out of 5569 in its category; the one-year return is 39.1%, ranking 1634 out of 4295; and since inception, the return is 58.17% [2][3] - As of the latest update, Lu Yayun has been managing the fund for 3 years and 247 days, with a total asset scale of 26.429 billion CNY. The best fund return during this period is 99.34%, while the worst return is -33.45% [3]

Core Insights - The gaming industry in China is experiencing a recovery, with projected revenue of 350.79 billion yuan in 2025, marking a year-on-year growth of 7.68% and a user base of 683 million, an increase of 1.35% [2][8] - 22 gaming companies have adopted gold as a year-end reward for employees, reflecting the industry's positive outlook and the rising gold prices [2][3] Group 1: Employee Rewards - Companies are giving gold as year-end rewards, with examples including a 5-gram gold bracelet valued at 8,425 yuan given to employees of Mu Tong Technology [2] - The distribution of gold rewards varies: some companies provide gold to all employees, while others include it in a lottery or award it to employees with special contributions [4][5] - The trend of giving gold is linked to its rising value and serves as a morale booster for employees [3][6] Group 2: Company Performance - Several gaming companies are reporting significant financial improvements, with many expected to turn losses into profits in 2025 [2][8] - Companies like Century Huatong and Gigabit are forecasting substantial profit increases, with Century Huatong's net profit expected to rise by 357.5% to 475.3% [8] - MiHoYo's flagship game "Genshin Impact" is projected to generate over 40 billion yuan in global revenue in 2025, highlighting the success of its products [7][8] Group 3: Market Trends - The popularity of gold as a reward is influenced by its status as a sought-after investment, with gold prices reaching historical highs in 2025 [3] - Companies that are less well-known, but have profitable products, are using gold rewards to enhance their employer brand and attract talent [6] - The gaming industry is seeing a resurgence, with many companies capitalizing on successful products and expanding their market presence [8]