当《逃离朝九晚五的恋爱》里的男女嘉宾，用互联网地名 "黑话" 打完招呼后，两人默契相视一笑，随即吐槽 "有种对暗号的感觉"，北京互联网打工人的 默契瞬间拉满。 最近，芒果TV这档号称"班味"最重的恋综，将镜头对准10位在北京打拼的"牛马"打工人，他们利用5天年假，飞来海岛谈一场逃离职场的恋爱。节目刚一 开播，弹幕就被各种评论刷屏："没见过这么命苦的恋综"、"像极了职场对食文学"。和以往恋综里海归精英们侃侃而谈的松弛感不同，这档节目里的嘉 宾，更像是一群 "命苦牛马" 在团建。 那么，一直执着于精英叙事的国产恋综，怎么突然把视角对准了"牛马"？ "牛马"恋综有多真实？ 《逃离朝九晚五的恋爱》扑面而来的就是"真实感"。 "你在哪儿工作？大钟寺。" "你呢？西二旗。" 节目组没有选择常见的集体合宿模式，而是采用"旅行独居+敲门约会" 设定，让 10 位嘉宾既保留独处的松弛，又还原成年人恋爱中的试探与纠结。 身份的祛魅，是节目对"精英恋综"的第一道颠覆。以往恋综的嘉宾名单里，从来不缺年薪百万的投行顾问、自带光环的海归博士，但《逃离朝九晚五的恋 爱》里的 10 位嘉宾，全是在北京打拼的普通人：从互联网产品运营、程序员， ...

证券之星消息，10月22日数字媒体板块较上一交易日下跌1.25%，芒果超媒领跌。当日上证指数报收于 3913.76，下跌0.07%。深证成指报收于12996.61，下跌0.62%。数字媒体板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600640 | 国脉文化 | 14.58 | 6.11% | 55.03万 | 8.08亿 | | 603533 | 掌阅科技 | 19.01 | 2.31% | 9.02万 | + 1.71亿 | | 300295 | 三六五网 | 12.68 | 0.63% | 4.15万 | 5263.87万 | | 301313 | 凡拓数创 | 25.11 | 0.56% | 1.77万 | 4440.86万 | | 603000 | 人民网 | 19.30 | 0.26% | 4.20万 | 8109.38万 | | 300987 | 川网传媒 | 17.32 | 0.12% | 3.07万 | 5344.61万 | | 603466 | 风语 ...

资料显示，芒果超媒股份有限公司位于湖南长沙金鹰影视文化城金鹰阁，成立日期2005年12月28日，上 市日期2015年1月21日，公司主营业务涉及芒果TV互联网视频业务、新媒体互动娱乐内容制作及内容电 商业务等。主营业务收入构成为：芒果TV互联网视频业务81.87%，新媒体互动娱乐内容制作与运营 10.16%，内容电商7.49%，其他0.48%。 从基金十大重仓股角度 数据显示，德邦基金旗下1只基金重仓芒果超媒。德邦大消费混合A（008840）三季度持有股数7.7万 股，占基金净值比例为3.25%，位居第十大重仓股。根据测算，今日浮亏损失约11.93万元。 德邦大消费混合A（008840）成立日期2020年6月18日，最新规模4192.81万。今年以来亏损4.87%，同 类排名8112/8160；近一年亏损6.21%，同类排名7956/8026；成立以来亏损9.91%。 德邦大消费混合A（008840）基金经理为朱慧琳、江杨磊。 10月22日，芒果超媒跌5.07%，截至发稿，报29.03元/股，成交4.16亿元，换手率1.38%，总市值543.07 亿元。 截至发稿，朱慧琳累计任职时间3年125天，现任基金资产 ...

从资金流向上来看，当日数字媒体板块主力资金净流入3074.83万元，游资资金净流入1065.46万元，散户 资金净流出4140.3万元。数字媒体板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600640 | 国脉文化 | 13.74 | -2.35% | 28.88万 | 3.98亿 | | 603466 | 风语筑 | 9.16 | 0.22% | 6.15万 | 5623.31万 | | 603000 | 人民网 | 19.25 | 0.52% | 5.12万 | 9853.42万 | | 002095 | 生意宝 | 19.45 | 0.99% | 2.18万 | 4206.24万 | | 000681 | 视觉中国 | 22.35 | 1.09% | 61.71万 | 13.99亿 | | 300295 | 三六五网 | 12.60 | 1.12% | 3.61万 | 4507.57万 | | 603888 | 新华网 | 19.27 | 1.26% | 4. ...

Investment Rating - The report maintains an "Outperform the Market" rating for the media industry [4][38]. Core Views - The report expresses a positive outlook on the gaming sector's new product cycle and the potential for a turnaround in the film and television industry, alongside opportunities in AI applications [3][38]. - It highlights the recent updates in AI technologies, including Sora2's new features, the release of Doubao model 1.6, and Google's Gemini 3.0 Pro, indicating a growing trend in AI applications across various sectors [3][38]. Summary by Sections Industry Performance - The media sector experienced a decline of 6.28% from October 13 to October 17, underperforming against the CSI 300 index, which fell by 2.22%, and the ChiNext index, which dropped by 5.71% [11][12]. - The media sector ranked 28th in terms of performance among all sectors during this period [11][13]. Key Updates - Sora2 introduced new features, including a "storyboard" function and an increase in video generation length to 25 seconds for Pro users [15][16]. - The Doubao model 1.6 was released, allowing users to adjust the depth of thought in its responses, significantly reducing token consumption and response time [16]. - Google's Gemini 3.0 Pro model began a limited rollout, enhancing reasoning capabilities and multimodal processing [16]. Box Office and Content Performance - The total box office for the week of October 13 to October 19 was 241 million yuan, with the top three films being "The Life of Langlang" and "The Volunteer Army: Blood and Peace," each earning 44 million yuan [2][17]. - The report notes the performance of various TV shows and variety programs, with "Flowers and Youth" and "The Ninth Season of Ace vs. Ace" leading in viewership [22][23]. Investment Recommendations - The report recommends focusing on gaming and IP trends, suggesting stocks like Giant Network, Kaiying Network, and Jibite for potential growth [3][38]. - It also advises monitoring the film and television sector for signs of recovery, recommending companies like Mango TV and Bilibili, as well as content producers like Light Media and Huace Film [3][38].

证券之星消息，10月20日数字媒体板块较上一交易日上涨1.9%，*ST返利领涨。当日上证指数报收于 3863.89，上涨0.63%。深证成指报收于12813.21，上涨0.98%。数字媒体板块个股涨跌见下表： 从资金流向上来看，当日数字媒体板块主力资金净流入3014.55万元，游资资金净流出3509.19万元，散户 资金净流入494.64万元。数字媒体板块个股资金流向见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600640 国脉文化 | | -3202.01万 | 4.93% | 2477.15万 | 3.82% | -5679.16万 | -8.75% | | 300413 | 芒果超媒 | 1926.60万 | 6.36% | -1893.30万 | -6.25% | -33.30万 | -0.11% | | 600228 *ST返利 | | 1491.72万 | 42.57% | -833.49 ...

免费，曾经是互联网服务用户的默认常规手段，至于赚钱，总有其他变现方式。那时惯常的说法是，羊毛出在猪身上。 时过境迁，现在，不仅再也没有免费，哪怕付费，如果不能达到一定的付费级别，权益也极为有限，相当于一个入场券资格而已。 于是，VIP被分级、会员权益下降，平台尽可能挖掘会员付费意愿和价值，以此获得公司收入规模，已经是互联网常态，视频网站尤为如此。 只是这并没有为平台带来新的增长，视频网站的会员数量已经触达天花板。腾讯视频是唯一一家还有勇气公布会员数量的公司，却在最近也陷入会员权益 风波。 过度开采会员收入，到底是在帮助公司扩大收入，还是令其陷入更大的危机？ 没有会员，寸步难行 这意味着，在追剧这件事上，用户已经到了没有会员就寸步难行的地步。 更重要的是，为保持竞争力，视频网站纷纷加大对独家内容的投入，避免同质化。比如，爱奇艺主打自制剧和综艺节目，在悬疑、现实题材等方面形成特 色；腾讯视频内容覆盖广泛，包括影视、美剧、体育赛事等。 所以于用户而言，如果想满足多样化的观看需求，光买一家视频网站的会员肯定是不行的。 如果你不买会员，从视频网站「优爱腾芒」已经上架的作品来看，绝大部分影视资源，都无法完整观看。 虽然各 ...

Core Viewpoint - The market experienced a correction last week, but certain stocks within the brand index showed resilience, indicating potential investment opportunities in sectors like electronics, new energy, new consumption, and real estate as uncertainties ease [1][4]. Market Performance - The market indices saw declines: Shanghai Composite Index down 1.47%, Shenzhen Component down 4.99%, ChiNext down 5.71%, and CSI 300 down 2.22%. The brand index fell 3.58% to 1956.62 points [2]. - Notable gainers in the brand index included Shanghai Jahwa up 9.42%, Changbai Mountain up 7.19%, and Darentang up 5.34%. Other stocks like Luzhou Laojiao and Yiling Pharmaceutical also saw gains exceeding 4% [2]. Stock Performance Since H2 - Since the beginning of the second half of the year, Zhongji Xuchuang has surged 156.40%, leading the gains, followed by Sunshine Power at 114.27%. Other significant performers include Lanke Technology and Yiwei Lithium Energy, both up over 60% [3]. Market Outlook - Looking ahead, the market is expected to maintain upward momentum as uncertainties gradually diminish. Liquidity is anticipated to remain supportive, with domestic interest rates low and overseas liquidity remaining loose, encouraging investment in Chinese equity assets [4][5]. - The current market environment is characterized by a shift in investment styles, with a focus on sectors that offer higher investment certainty, particularly in electronics, new energy, new consumption, and real estate [5].

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector compared to the overall market performance [10]. Core Insights - The report highlights the rising trend of "small happiness" self-consumption as a relative safe haven amid increasing risk aversion, with specific companies like Pop Mart and Damai Entertainment showing strong growth potential through innovative product offerings and expansion strategies [3][5]. - The gaming sector is experiencing significant adjustments, with major companies like Tencent and Century Huatong expected to maintain strong performance despite market volatility, while the AI video segment is emerging as a key area for growth [3][5]. Summary by Relevant Sections Consumer Sector - Pop Mart is ramping up production capacity and expanding product categories, with successful new IP launches and international expansion, achieving rapid sales growth during peak seasons [3]. - Damai Entertainment's core IP Chiikawa has seen high demand in mainland China, indicating strong market interest and potential for future growth [3]. Gaming Sector - Tencent Holdings is projected to have a market cap of 50,823 million RMB with a revenue growth of 13% year-on-year, while its PE ratio is expected to be 20 for 2025 [5]. - Century Huatong is also highlighted with a projected revenue increase of 21% year-on-year, indicating a positive outlook for its gaming products [5]. Cloud Computing and Entertainment - Alibaba's cloud computing segment is expected to grow at a rate of 11% year-on-year, with a market cap of 26,914 million RMB [5]. - Mango TV is anticipated to see a turnaround in its operations, benefiting from favorable policy changes in the long video sector [3]. AI and Technology - The report emphasizes the importance of AI in video production, with companies like Bilibili and Kuaishou positioned to leverage AI advancements for monetization [3]. - The technology sector has faced a 14% adjustment since October 2, but the report suggests that the fundamentals remain strong, driven by advancements in domestic models and chips [3].

Market Overview - On October 17, the digital media sector experienced a decline of 3.41%, with Vision China leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Vision China (000681) closed at 22.29, down 10.01% with a trading volume of 787,500 shares and a transaction value of 1.832 billion [1] - Other notable declines include: - Worth Buying (300785) down 3.99% to 32.71 with a transaction value of 220 million [1] - Mango Super Media (300413) down 3.91% to 29.46 with a transaction value of 431 million [1] - Zhaochuang Information (301299) down 2.86% to 52.71 with a transaction value of 45.5 million [1] Capital Flow Analysis - The digital media sector saw a net outflow of 372 million from main funds, while retail investors contributed a net inflow of 280 million [1] - Specific stock capital flows include: - Vision China had a main fund net outflow of 224 million, with retail inflow of 165 million [2] - Mango Super Media experienced a main fund outflow of 41.4 million, but retail inflow of 46.5 million [2] - Xinhua Net (603888) had a main fund outflow of 24.3 million, with retail inflow of 15.3 million [2]