Summary of Key Points from the Conference Call of Jiecheng Co., Ltd. Industry and Company Overview - Jiecheng Co., Ltd. is leveraging AI technology to enhance film and television content creation, significantly improving efficiency compared to traditional animation production [2][3][4] - The company has partnered with Tomato Novel to adapt top IPs into AI comic dramas, initiating over 10 projects and actively introducing overseas novels for AI adaptation [2][4] Core Insights and Arguments - **AI Comic Drama Market Potential**: The AI comic drama market is projected to reach 20 billion by 2025, driven by platform investments, AI tool evolution, and overseas market expansion [2][7] - **Content Distribution Strategy**: Jiecheng aims to combine Chinese comic content with international traffic, enhancing revenue and guiding the global market, with plans for significant expansion in 2026 [5][6] - **Technical Advantages**: The company’s technology allows for image input, enabling precise control over character expressions and scene composition, which is more efficient than traditional text input methods [3][4] - **Professional Market Focus**: Jiecheng targets professional users such as filmmakers and animators, differentiating itself from competitors like ByteDance and Kuaishou, which focus on general consumers [3][4] Additional Important Content - **Collaborative Projects**: Jiecheng is collaborating with Tomato to create high-quality micro-short dramas, with an investment starting at 3 million yuan, and plans to jointly produce and distribute 500 works within a year [9] - **Content Library Strategy**: The company has established a diverse content library through partnerships, acquiring top IPs and adapting overseas novels, with over 40,000 followers on Douyin for its short drama accounts [4][6] - **Future Developments**: Jiecheng plans to launch multi-user collaboration features by November 2025 and introduce AI script capabilities by December 2025, with 3D space integration planned for 2026 [3][4] - **Market Trends**: The market for comic dramas is expected to exceed 20 billion in 2025, with significant investments from major platforms like iQIYI and Tencent, and increasing interest in overseas markets [7][8] - **AI Technology Applications**: The company is exploring AI applications in various content forms, including short dramas and films, indicating a broad potential for growth in the entertainment sector [8][13] Conclusion - Jiecheng Co., Ltd. is positioned strongly in the AI comic drama market with a focus on professional users, strategic partnerships, and a robust content library, while anticipating significant growth driven by technological advancements and market expansion strategies [2][3][4][5][6][7][8][9][13]

Group 1 - The core viewpoint of the article highlights that Jiecheng Co., Ltd. (300182.SZ) reported a revenue of 685 million yuan for the third quarter of 2025, reflecting a year-on-year growth of 3.48% [1] - The net profit for the third quarter was 66.9355 million yuan, showing a significant year-on-year decline of 40.27% [1] - For the first three quarters of 2025, the total revenue amounted to 2.052 billion yuan, which represents a year-on-year decrease of 2.89% [1] - The net profit for the first three quarters was 212 million yuan, indicating a year-on-year decline of 41.35% [1]

Core Insights - The company reported a third-quarter revenue of 685 million yuan, representing a year-on-year increase of 3.48% [1] - The net profit for the third quarter was 66.9355 million yuan, showing a year-on-year decline of 40.27% [1] - For the first three quarters of 2025, the total revenue was 2.052 billion yuan, which is a year-on-year decrease of 2.89% [1] - The net profit for the first three quarters was 212 million yuan, reflecting a year-on-year decline of 41.35% [1]

Group 1 - The company, Jiecheng Co., Ltd. (SZ 300182), held its sixth fifth board meeting on October 24, 2025, to discuss the proposal for the second extraordinary shareholders' meeting of 2025 [1] - For the year 2024, the revenue composition of Jiecheng Co., Ltd. is as follows: 82.59% from internet and technology companies, 17.14% from the broadcasting industry, and 0.27% from government and public institutions [1] - As of the report date, Jiecheng Co., Ltd. has a market capitalization of 16.9 billion yuan [1]

关于北京捷成世纪科技股份有限公司 会计估计变更专项说明的专项审核报告 中兴财光华审专字（2025）第 212158 号 目 录 关于北京捷成世纪科技股份有限公司会计估计变更 专项说明的专项审核报告 北京捷成世纪科技股份有限公司会计估计变更的专 1-3 项说明 专项说明的专项审核报告 中兴财光华审专字（2025）第 212158 号 北京捷成世纪科技股份有限公司全体股东： 我们接受委托，审核了后附的北京捷成世纪科技股份有限公司（以下简称 "捷成股份"）《关于会计估计变更的专项说明》（以下简称"专项说明"）。 按照《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》及 《深圳证券交易所创业板上市公司自律监管指南 1 号-业务办理》相关规定编制 《关于会计估计变更的专项说明》，并保证其内容真实、准确、完整，不存在虚 假记载、误导性陈述或重大遗漏是捷成股份管理层的责任。 我们的责任是按照《中国注册会计师其他鉴证业务准则第 3101 号一历史 财务信息审计或审阅以外的鉴证业务》的规定执行审核工作，并在此基础上对专 项说明发表审核意见。在审核过程中，我们实施了包括询问、检查记录和文件等 我们认为必要的审核程序 ...

北京捷成世纪科技股份有限公司 董事会关于会计估计变更合理性的说明 北京捷成世纪科技股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日 召开第六届董事会第五次会议，审议通过了《关于会计估计变更的议案》。 董 事会认为：公司本次会计估计变更能够更客观、公允地反映公司的财务状况和经 营成果，符合《企业会计准则第 28 号—会计政策、会计估计变更和差错更正》 相关规定和公司实际情况，本次会计估计变更采用未来适用法，不涉及公司以前 年度的追溯调整，不会影响以前年度财务状况和经营成果，不存在损害公司及股 东利益的情形综上，公司董事会同意本次会计估计变更事项。 特此说明。 董 事 会 2025 年 10 月 24 日 北京捷成世纪科技股份有限公司 ...

证券代码：300182 证券简称：捷成股份 公告编号：2025-053 北京捷成世纪科技股份有限公司 关于会计估计变更的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 北京捷成世纪科技股份有限公司(以下简称"公司")于 2025 年 10 月 24 日召开 第六届董事会第五次会议，审议通过了《关于会计估计变更的议案》，同意根据 《企业会计准则第 28 号—会计政策、会计估计变更和差错更正》的有关规定， 对公司相关会计估计进行变更，公司本次会计估计变更采用未来适用法，无需对 公司以前年度财务报表进行追溯调整，不会对公司以前年度财务状况和经营成果 产生影响。本次公司会计估计变更具体对未来财务报表的影响取决于未来实际发 生情况，最终金额以经会计师事务所审计的数据为准。 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 2 号——创业板上市公司规范运作》及《公司章程》的相关规定， 本次变更会计估计需要提交公司股东会审议，本次会计估计变更待公司股东会审 议通过后自 2025 年 10 月 1 日起执行，现将具体内容公告如下： 一、本 ...

证券代码：300182 证券简称：捷成股份 公告编号：2025-051 北京捷成世纪科技股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 一、召开会议的基本情况 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》 等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 12 日 14:00 （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 2025 年 11 月 12 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 2025 年 11 月 12 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 11 月 05 日 7、出席对象： ...

与会董事认为，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，没有虚假记载、误导 性陈述或者重大遗漏。本议案的相关财务信息已经公司董事会审计委员会会议审 议通过，并同意将本议案提交公司董事会审议。 证券代码：300182 证券简称：捷成股份 公告编号：2025-052 北京捷成世纪科技股份有限公司 第六届董事会第五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、 董事会会议召开情况 北京捷成世纪科技股份有限公司(以下简称"公司")第六届董事会第五次会 议于 2025 年 10 月 17 日以电子邮件、电话等方式向全体董事发出会议通知，并 于 2025 年 10 月 24 日在公司会议室现场召开。本次会议应到董事 9 名，实到董 事 9 名。本次会议由公司董事长徐子泉先生主持，公司高级管理人员列席了会议。 本次会议的召开及表决程序符合《公司法》等法律法规、规范性文件和公司章程 的有关规定，会议审议了会议通知所列明的以下事项，并通过决议如下： 二、 董事会会议审议情况 1、审议通过 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥684,923,846.14, representing a 3.48% increase year-over-year, while the revenue for the year-to-date period decreased by 2.89% to ¥2,052,238,482.83[5] - Net profit attributable to shareholders for Q3 2025 was ¥66,935,504.87, a significant decline of 40.27% compared to the same period last year, and a year-to-date decrease of 41.35% to ¥212,325,753.30[5] - The basic and diluted earnings per share for Q3 2025 were both ¥0.0253, down 40.09% year-over-year, with year-to-date earnings per share also decreasing by 41.32%[5] - Total operating revenue for the current period is CNY 2,052,238,482.83, a decrease of 2.88% from CNY 2,113,237,583.54 in the previous period[19] - Operating profit decreased to CNY 215,009,422.50, down 40.1% from CNY 359,712,739.16 in the previous period[20] - Net profit for the current period is CNY 216,477,541.00, a decline of 40.2% compared to CNY 361,821,751.48 in the previous period[20] - Total comprehensive income amounted to CNY 216,302,332.94, down from CNY 361,679,845.21 year-over-year[21] - Basic and diluted earnings per share decreased to CNY 0.0801 from CNY 0.1365 in the previous period[21] Assets and Liabilities - The company's total assets increased by 3.67% from the end of the previous year to ¥11,591,640,895.52 as of September 30, 2025[5] - Total assets increased to CNY 11,591,640,895.52, up from CNY 11,181,651,930.35 in the previous period[17] - Total liabilities rose to CNY 3,157,142,974.44, compared to CNY 2,972,277,769.70 in the previous period[17] - Current liabilities totaled CNY 3,156,924,048.87, an increase from CNY 2,881,884,250.02 in the previous period[17] - Long-term equity investments increased to CNY 1,586,221,389.25, up from CNY 1,493,141,672.10 in the previous period[17] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥1,026,644,841.32, reflecting a 20.91% increase[5] - Cash flow from operating activities increased to CNY 1,026,644,841.32, compared to CNY 849,115,472.42 in the prior year[24] - Cash inflow from investment activities was CNY 11,877,652.23, up from CNY 6,093,590.00 year-over-year[24] - Cash outflow from investment activities rose to CNY 1,165,347,392.95, compared to CNY 931,604,978.05 in the previous period[24] - Net cash flow from financing activities was CNY 64,664,679.25, a significant improvement from a net outflow of CNY 54,669,131.74 in the prior year[24] - The ending balance of cash and cash equivalents decreased to CNY 77,894,171.52 from CNY 99,851,236.47 year-over-year[25] - Cash and cash equivalents decreased from 140,237,766.53 to 85,876,471.52, indicating a reduction of approximately 38.8%[15] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 95,796[11] - Xu Ziquan holds 19.02% of shares, totaling 506,562,300, with 379,921,725 shares under lock-up and 327,346,015 shares pledged[11] - The top 10 shareholders account for significant ownership, with the largest shareholder holding nearly 19%[12] - The company has a total of 423,909,080 restricted shares, with 19,641,780 shares released during the period[13] - The number of shares under lock-up for Xu Ziquan remains unchanged at 379,921,725[13] Research and Development - Research and development expenses for Q3 2025 were ¥21,455,268.56, a decrease of 32.06% compared to the same period last year, indicating reduced investment in R&D[9] - Research and development expenses decreased to CNY 21,455,268.56, down from CNY 31,579,012.98 in the previous period[20] Investment and Income - Investment income for Q3 2025 surged to ¥82,439,950.51, a remarkable increase of 540.92% year-over-year, primarily due to profits from joint ventures[9] - The company reported a significant increase in receivables financing, which rose by 151.68% to ¥3,315,260.62, attributed to the receipt of bank acceptance bills[8] Profitability and Margins - The weighted average return on equity for Q3 2025 was 0.79%, down 0.57% from the previous year, reflecting a decline in profitability[5] - The company's net profit margin has been adversely affected, with a notable increase in credit impairment losses amounting to ¥51,990,901.76, a 34.12% increase compared to the previous year[9] Strategic Developments - The company has not reported any new strategies or significant market expansions in the current period[14] - There are no new products or technologies mentioned in the latest financial report[14] - The company has not engaged in any mergers or acquisitions during the reporting period[14]