北京捷成世纪科技股份有限公司 2025 年第一次临时股东会决议公告 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。 特别提示： 证券代码：300182 证券简称：捷成股份 公告编号：2025-048 1. 本次股东会未出现增加、变更及否决议案的情形； 2. 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议召开时间：2025 年 9 月 15 日（周一）14:00。 2、网络投票时间：2025 年 9 月 15 日。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 15 日上午 9:15－9:25，9:30－11:30，下午 13:00－15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为 2025 年 9 月 15 日上午 9:15 至下午 15:00 期间的任意时间。 3、现场会议召开地点：北京市昌平区百善镇半壁街村 9 号公司会议室。 4、会议召开方式：现场和网络投票相结合的方式。 5、会议召集人：公司董事会。 6、会议主持人：董事长徐子泉先生。 7、本次股东会 ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300182 捷成股份 | | 1.78 Z | 13.43% | -6469.50万 | -4.87% | -1.14 Z | -8.55% | | 002292 奥飞娱乐 | | 6894.26万 | 10.37% | -2980.58万 | -4.48% | -3913.69万 | -5.89% | | 002739 万达电影 | | 6677.54万 | 5.72% | 953.67万 | 0.82% | -7631.21万 | -6.53% | | 601595 | 上海电影 | 4055.51万 | 10.09% | -700.37万 | -1.74% | -3355.14万 | -8.34% | | 300528 幸福蓝海 | | 3574.51万 | 1.57% | -3769.14万 | -1.65% | 194.62万 | 0.09% | | 60 ...

Group 1 - The film industry sector experienced a short-term surge on September 15, with Happiness Blue Sea rising over 10% [1] - Other companies such as Jiechengtong, China Film, Jinyi Film, Shanghai Film, and Light Media also saw increases in their stock prices [1]

Group 1 - The upcoming National Day holiday in 2025 will see a concentrated release of films, including titles like "志愿军：浴血和平" and "刺杀小说家2," covering various genres such as war, drama, history, comedy, and animation [1] - The National Day box office has historically been strong, with 2021's total box office exceeding 4.3 billion yuan, marking the second highest in history, while projections for 2023 and 2024 are both above 2 billion yuan [2] - The film "731" has garnered significant attention, with pre-sale box office exceeding 64 million yuan and over 4.4 million people expressing interest, indicating a strong lead over other films [4] Group 2 - Several film industry stocks have seen significant gains in September, with the Shenyin Wanguo secondary film and television index rising over 5%, outperforming the Shanghai Composite Index [5] - Specific companies like 幸福蓝海 (Happiness Blue Ocean) have seen stock increases of nearly 71%, while 金逸影视 (Jinyi Film) and 中国电影 (China Film) have also reported gains of over 45% and 38% respectively [8] - The overall net profit of A-share film and television companies reached nearly 1.8 billion yuan in the first half of the year, a 75% increase year-on-year, with companies like 光线传媒 (Light Media) reporting a net profit growth of over 370% [11][12] Group 3 - Predictions indicate that companies like 捷成股份 (Jiecheng Co.) may see a net profit increase of over 80% by 2025, driven by diverse content monetization strategies [13] - Other companies such as 奥飞娱乐 (Aofei Entertainment) and 万达电影 (Wanda Film) are also expected to turn profitable by 2025, with Wanda Film projected to achieve a net profit exceeding 1 billion yuan [14]

Market Overview - The Shanghai Composite Index closed at 3819.32 points, with a gain of 0.32%, and the total trading volume of A-shares reached 1,641.14 billion yuan [1] - As of the current date, 29 A-shares have surpassed their annual moving average, indicating positive market sentiment [1] Notable Stocks - The stocks with the highest deviation rates from their annual moving average include: - Luopuskin (002333) with a deviation rate of 8.13% and a daily increase of 9.94% [1] - ST Huaxi (002630) with a deviation rate of 4.11% and a daily increase of 4.88% [1] - Wutong Holdings (300292) with a deviation rate of 3.67% and a daily increase of 5.35% [1] - Other stocks that have just crossed their annual moving average with lower deviation rates include: - Jiecheng Co. (300182) with a deviation rate of 0.04% and a daily increase of 1.60% [2] - Ganyue Expressway (600269) with a deviation rate of 0.05% and a daily increase of 0.40% [2] - Guangsha Huaneng (873703) with a deviation rate of 0.06% and a daily increase of 0.96% [2] Trading Activity - The trading turnover rate for notable stocks shows significant activity, with Luopuskin (002333) having a turnover rate of 3.79% and ST Huaxi (002630) at 6.77% [1] - The overall trading environment reflects a mix of high and low turnover rates among stocks that have recently crossed their annual moving averages [1][2]

Summary of Key Points Core Viewpoint - The stock of Jiecheng Co., Ltd. experienced a decline of 2.09% on September 9, with a trading volume of 358 million yuan, indicating a challenging market environment for the company [1]. Financing and Trading Data - On September 9, Jiecheng Co. had a financing buy-in amount of 54.35 million yuan and a financing repayment of 55.12 million yuan, resulting in a net financing outflow of 771,900 yuan [1]. - As of September 9, the total financing and securities lending balance for Jiecheng Co. was 1.761 billion yuan, with the financing balance accounting for 11.85% of the circulating market value, indicating a high level compared to the past year [1]. - The company had no shares repaid in securities lending on September 9, with 200 shares sold, amounting to 1,122 yuan at the closing price, and a securities lending balance of 4.4773 million yuan, also at a high level compared to the past year [1]. Company Overview - Jiecheng Co., Ltd. was established on August 23, 2006, and listed on February 22, 2011. The company is based in Changping District, Beijing, and primarily engages in new media copyright operation and distribution [1]. - The revenue composition of Jiecheng Co. includes 83.99% from copyright operation, 13.21% from digital marketing services, 2.22% from film and television distribution and content production, and 0.58% from solutions and product sales [1]. Financial Performance - For the first half of 2025, Jiecheng Co. reported an operating income of 1.367 billion yuan, a year-on-year decrease of 5.79%, and a net profit attributable to shareholders of 145 million yuan, down 41.84% year-on-year [2]. - Since its A-share listing, Jiecheng Co. has distributed a total of 630 million yuan in dividends, with 13.3191 million yuan distributed over the past three years [3]. Shareholder Information - As of July 31, Jiecheng Co. had 100,000 shareholders, with an average of 22,589 circulating shares per person, showing no change from the previous period [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, holding 26.2219 million shares, a decrease of 24.0366 million shares from the previous period [3].

Market Overview - The film and theater sector experienced a decline of 1.63% on September 3, with China Vision Media leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable gainers included: - Qianyi Film (002905) with a closing price of 10.52, up 10.04% and a trading volume of 239,500 shares [1] - Xingfu Blue Ocean (300528) closed at 17.82, up 3.42% with a trading volume of 370,800 shares [1] - Major decliners included: - China Vision Media (600088) closed at 17.45, down 4.23% with a trading volume of 111,300 shares [2] - Huayi Brothers (300027) closed at 2.73, down 1.87% with a trading volume of 1,873,300 shares [1] Capital Flow - The film and theater sector saw a net outflow of 143 million yuan from institutional investors, while retail investors contributed a net inflow of 60.24 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors showed some interest [2] Individual Stock Capital Flow - Key stocks with significant capital flow include: - Qianyi Film (002905) with a net outflow of 85.17 million yuan from institutional investors [3] - Huayi Brothers (300027) saw a net inflow of 78.87 million yuan from institutional investors [3] - The data reflects varying levels of investor confidence across different companies within the sector [3]

Core Insights - The total box office for the summer film season in 2025 has surpassed 11.5 billion yuan, with over 300 million viewers, indicating a strong performance in the domestic film market [1][2] - "Nanjing Photo Studio" has emerged as the biggest winner, grossing over 2.8 billion yuan, setting a record for historical films in China's summer box office [1][2] - The dominance of domestic films is evident, with a 91.2% market share in the first half of 2025, reflecting a shift towards diverse and culturally resonant storytelling [2] Box Office Performance - As of August 29, 2025, the daily box office reached approximately 1.59 billion yuan, with a total of 4.34 million tickets sold [1] - "Nanjing Photo Studio" has grossed 2.849 billion yuan over 36 days, while "Wang Wang Mountain Little Monster" has surpassed 1.3 billion yuan [2] - Other notable films include "Ro Xiao Hei Battle 2" with approximately 480 million yuan and "Dong Ji Island" with around 380 million yuan [1][2] Industry Trends - The summer box office for 2025 is approximately 8.74 billion yuan, close to the previous year's 9.22 billion yuan, but still lower than 2023 and 2019 [2] - The rise of domestic films is attributed to their focus on Chinese narratives and diverse genres, enhancing cultural confidence [2] - The film industry is exploring innovative business models to reduce reliance on box office revenue, aiming to increase non-ticket income [2] Company Responses - Wanda Film reported that the current summer box office is nearing last year's levels, with a strong lineup of domestic films driving audience engagement [2] - Jiecheng Co. has secured rights for "Wang Wang Mountain Little Monster" merchandise, indicating a strategic focus on IP development and consumer engagement [4] - Beijing Culture and Huayi Brothers have clarified their investment positions in "Dong Ji Island," indicating limited financial impact from the film's performance [6][8]

Core Insights - The total box office for the summer film season in 2025 has exceeded 11.5 billion yuan, with over 300 million viewers, indicating a strong performance in the domestic film market [1] - "Nanjing Photo Studio" has emerged as the biggest winner, grossing over 2.8 billion yuan, setting a record for historical films in China's summer box office [1] - Domestic films accounted for 91.2% of the box office in the first half of 2025, showcasing the rising influence of local productions [1] Group 1: Box Office Performance - The summer box office reached approximately 8.74 billion yuan by August 11, 2025, nearly matching the previous year's figure of 9.22 billion yuan, but still showing a gap compared to 2023 and 2019 [1] - Recent releases have primarily featured domestic films, with diverse genres and themes contributing to the sustained interest and box office growth [1] - Upcoming films like "Nanjing Photo Studio" and "Wang Wang Mountain Little Monster" are expected to further boost box office performance [1] Group 2: Company Strategies and Responses - Wanda Film is focusing on enhancing its core business while exploring innovative business models, aiming to reduce reliance on box office revenue by increasing non-ticket income [1] - The company has upgraded its "Super Entertainment Space" strategy to a "1+2+5" framework, integrating domestic and international markets along with five business segments [1] - Companies like Jiecheng Co. have secured IP rights for "Wang Wang Mountain Little Monster" and are actively developing merchandise, indicating a strategic focus on IP derivatives [2] Group 3: Investment and Collaboration - Happiness Blue Sea is a co-producer of "Nanjing Photo Studio," but its investment share is low, suggesting minimal impact on its financial performance [4] - Beijing Culture, also involved in "East Extreme Island," anticipates that its investment will not significantly affect its earnings due to a low investment ratio [5] - Zhongxin Publishing is leveraging its book rights to expand the IP matrix, enhancing the cultural narrative through various media [3]

Financial Performance - The company reported total revenue of 1.367 billion yuan for the first half of 2025, a year-on-year decrease of 5.79% [1] - The net profit attributable to shareholders was 145 million yuan, down 41.84% year-on-year [1] - In Q2 2025, total revenue was 657 million yuan, a decline of 15.31% compared to the same quarter last year [1] - The net profit for Q2 2025 was approximately 14.27 million yuan, reflecting a significant drop of 89.25% year-on-year [1] Profitability Metrics - The gross margin was reported at 24.81%, a decrease of 19.9% year-on-year [1] - The net profit margin stood at 10.32%, down 39.84% year-on-year [1] - The total of selling, administrative, and financial expenses was 129 million yuan, accounting for 9.42% of revenue, which is an increase of 1.29% year-on-year [1] Cash Flow and Assets - The company reported earnings per share of 0.05 yuan, a decrease of 41.89% year-on-year [1] - Operating cash flow per share was 0.3 yuan, an increase of 33.9% year-on-year [1] - The net asset value per share was 3.15 yuan, reflecting a year-on-year increase of 1.7% [1] Investment Returns - The company's return on invested capital (ROIC) for the previous year was 3.19%, indicating weak capital returns [2] - The historical median ROIC over the past decade was 6.6%, with the worst year being 2019, which recorded a ROIC of -19% [2] - The company has reported two years of losses since its IPO, suggesting a fragile business model [2] Accounts Receivable - The accounts receivable amount is significantly high, with accounts receivable to net profit ratio reaching 793.46% [1][2] - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at only 10.85% [2] Fund Holdings - The largest fund holding in the company is the招商体育文化休闲股票A, with 1.993 million shares, which is a new entry in the top ten holdings [3] - Other funds increasing their positions include 银华中证影视丰题ETF and 国泰中证影视丰题ETF [3]