2、公司第五届监事会第十二次会议于 2024 年 10 月 29 日现场召开。 3、本次会议应参加表决的监事 3 名，实际参加表决的监事 3 名。 4、会议由监事会主席冯国瑞主持。公司全体监事列席了本次会议。 证券代码：300418 证券简称：昆仑万维 公告编号：2024-065 昆仑万维科技股份有限公司 第五届监事会第十二次会议决议公告 本公司及监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、监事会会议召开情况 1、昆仑万维科技股份有限公司（以下简称"公司"）第五届监事会第十二次会议通 知于 2024 年 10 月 24 日采取通讯方式通知了全体监事。 5、监事会的举行和召开符合国家有关法律、法规及公司章程的规定。 二、监事会会议审议情况 本次会议审议议案和表决、通过情况如下： （一）审议通过《关于公司<2024 年第三季度报告>的议案》 公司监事会根据《公司法》和《公司章程》的有关规定，本着对全体股东负责的态 度，谨慎履行法律、法规赋予的职责，认真地审核了公司《2024 年第三季度报告》。 经全体监事审议后认为：《2024 年第三季度报告》的编制和审议程序符合 ...

Financial Performance - Total revenue for Q3 2024 reached ¥1,326,590,163.98, an increase of 5.62% compared to the same period last year[2] - Net profit attributable to shareholders was -¥237,395,997.07, a significant decline of 695.85% year-on-year[2] - The company reported a net cash flow from operating activities of ¥319,294,755.96, down 57.77% year-to-date[2] - Total assets decreased by 4.17% to ¥20,589,795,862.85 compared to the end of the previous year[2] - The weighted average return on equity was -1.58%, a decline of 1.37% from the previous year[2] - The total equity attributable to shareholders decreased by 2.00% to ¥14,871,153,034.25 compared to the end of last year[2] - The company experienced a 379.36% decline in investment income, reporting -¥18,248,791.43 due to reduced returns from certain investment projects[7] - The company reported a total revenue of ¥3,828,401,326.30 for the current period, an increase from ¥3,681,194,678.51 in the previous period, reflecting a growth of approximately 4%[36] - The total operating costs increased to ¥4,347,058,061.84 from ¥3,226,628,800.59, indicating a rise of about 35%[36] - The cash and cash equivalents decreased to ¥995,924,350.42 from ¥1,112,454,733.27, a decline of approximately 10%[34] - The total liabilities decreased to ¥3,163,717,206.31 from ¥3,585,790,639.64, a decline of about 12%[36] - The company’s retained earnings decreased to ¥10,950,209,843.22 from ¥11,637,491,513.92, reflecting a decrease of approximately 6%[36] - The total comprehensive income for Q3 2024 was -987,787,022.93 CNY, compared to 770,936,757.78 CNY in Q3 2023, showing a substantial decrease[38] - Operating profit for Q3 2024 was -782,306,104.30 CNY, compared to a profit of 556,506,985.41 CNY in the previous year[37] Research and Development - R&D expenses surged to ¥1,144,365,879.08, reflecting an increase of 84.47% due to ongoing development in AI business[7] - R&D expenses increased to RMB 1.144 billion, a year-on-year increase of 84.47%[12] - The company is focusing on AI technology applications, with significant advancements in AI large models and industry-specific applications[14] - The company launched the AI short drama platform SkyReels, integrating video and 3D models, significantly simplifying high-quality AI video production[20] - The company is developing AI games, including "Club Koala" and "Project G7," which feature advanced AI technology to enhance gameplay and user experience[24] - The AI music platform Melodio was launched, allowing users to generate music based on simple prompts or pre-set scenarios, enhancing personalized music experiences[28] - The company’s AI music creation platform Mureka enables users to create and commercialize their music, lowering the barriers for music creation[30] User Engagement and Experience - The TianGong AI assistant introduced new features including advanced search mode, colorful pages, and a knowledge-sharing platform[15] - The advanced search mode enhances user experience by providing comprehensive and accurate answers to complex queries[15] - Colorful pages offer a new content format for diverse reading experiences across various fields, allowing users to create and share their own content[16] - Linky, the AI social platform, has improved user interaction and satisfaction through optimized algorithms and diverse card designs, enhancing user engagement[27] - The company aims to drive explosive growth in user-generated content (UGC) and professional user-generated content (PUGC) through innovative tools like SkyReels[23] - The AI game "Club Koala" features a cross-platform design, allowing seamless gameplay across devices, enhancing user accessibility[24] - Opera GX introduced significant updates, adding new AI capabilities such as image generation and understanding, enhancing user experience[31] Financial Management - Management expenses increased by 41.18% to ¥872,327,492.08, primarily due to higher equity incentive costs[7] - The company reported a significant increase in sales expenses, which reached 1,404,899,214.47 CNY in Q3 2024, compared to 1,210,132,577.26 CNY in the same period last year[37] - The financial expenses for Q3 2024 amounted to 38,205,597.61 CNY, up from 24,073,192.54 CNY in Q3 2023, indicating an increase of approximately 58.8%[37] - Cash flow from operating activities for Q3 2024 was 3,663,516,158.18 CNY, an increase from 3,574,462,037.22 CNY in Q3 2023, representing a growth of approximately 2.5%[39] - The net cash flow from investment activities was CNY 47.69 million, a significant improvement from a net outflow of CNY 253.63 million in the previous period[40] - The net cash flow from financing activities was negative CNY 439.56 million, contrasting with a positive CNY 152.95 million in the previous period[40] - Employee compensation payments increased to CNY 1.10 billion from CNY 819.83 million in the previous period[40] Strategic Partnerships and Future Plans - The partnership with Riot Games aims to provide over 75 joint live streaming channels for the 2024 League of Legends World Championship[32] - The company plans to continue exploring and implementing new AI solutions to enhance user experience globally[32] - The integration of AI technologies in various products reflects the company's commitment to innovation and market expansion in the AI sector[20]

证券代码：300418 证券简称：昆仑万维 公告编号：2024-063 昆仑万维科技股份有限公司 关于控股股东、实际控制人股份增持计划进展公告 周亚辉先生保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 昆仑万维科技股份有限公司（以下简称"公司"）于 2024 年 7 月披露了《关 于公司控股股东、实际控制人增持公司股份计划暨承诺未来五年持续增持公司股 份的公告》（2024-047）。今日，公司收到周亚辉先生出具的《关于股份增持计 划进展情况告知函》，现将本次增持计划的进展情况公告如下： 一、增持计划的基本情况 1、增持主体 | 增持人 | 职务 | 持有股份数量（股） | 持股比例（%） | | --- | --- | --- | --- | | 周亚辉 | 控股股东、实际控制人 | 144,844,325 | 11.76 | 2、增持股份的目的 为积极践行活跃资本市场、提振投资者信心、大力提升上市公司质量和投资 价值等指导要求，同时基于对AI行业及公司发展战略高度认同，以及对公司未来 持续发展充满信心。 ...

证券代码：300418 证券简称：昆仑万维 公告编号：2024-062 昆仑万维科技股份有限公司 关于与 FESCO 全资子公司合作设立 人工智能招聘合资公司的公告 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。 一、合作概况 随着人工智能（AI）技术不断取得突破，人工智能正在对传统招聘行业的运作方式 产生深刻变革。根据全球职场平台领英发布的报告，"AI 应用的加速渗透"，以及"招 聘质量的重要性"，成为 2024 年全球招聘领域关注的两大焦点。AI 技术在提升招聘效 率、降低成本以及增强候选人体验等方面展现出显著优势，为企业带来了前所未有的便 利。 为探索和推动 AI 大模型技术在招聘领域的应用落地，昆仑万维科技股份有限公司 （以下简称"公司"）与北京外企人力资源服务有限公司（简称"FESCO"）的全资子 公司北京外企数字科技有限公司（以下简称"外企数科"）基于优势互补、技术与行业 资源结合，于近期决定合作设立人工智能招聘合资公司北京数智万维人力科技有限公司 （以下简称"合资公司"，最终名称以工商登记为准），以合资公司为主体开展利用人 工智能技术的招聘/求职 ...

证券代码：300418 证券简称：昆仑万维 公告编号：2024-061 本次申请综合授信额度事项无需提交股东大会审议。 特此公告。 昆仑万维科技股份有限公司董事会 昆仑万维科技股份有限公司 关于向银行申请综合授信额度的公告 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。 昆仑万维科技股份有限公司（以下简称"昆仑万维"或"公司"）于 2024 年 9 月 13 日召开第五届董事会第十七次会议，审议通过了《关于向银行申请综合授信额度的 议案》。现将有关情况公告如下： 因经营发展需要，公司拟向中国工商银行股份有限公司北京翠微路支行申请不超过 10,000 万元人民币的综合授信额度，为期 1 年，授信将基于公司的信用状况，无需提 供抵押物或其他形式的担保；拟向杭州银行股份有限公司北京中关村支行申请不超过 5,000 万元人民币的综合授信额度，为期 1 年，授信将基于公司的信用状况，无需提供 抵押物或其他形式的担保。上述授信具体数额以公司根据实际经营需求及与银行签订的 最终协议为准。在上述授信额度内，董事会授权公司董事长或其指定的授权代理人代表 公司办理相关事宜，签署相 ...

证券代码：300418 证券简称：昆仑万维 公告编号：2024-060 昆仑万维科技股份有限公司 第五届董事会第十七次会议决议公告 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。 一、董事会会议召开情况 1、昆仑万维科技股份有限公司（以下简称"公司"）第五届董事会第十七次会议通 知于 2024 年 9 月 8 日采取通讯方式通知了全体董事、监事。 2、公司第五届董事会第十七次会议于 2024 年 9 月 13 日以现场与通讯相结合的方 式召开。 本次会议审议议案和表决、通过情况如下： （一）审议通过《关于向银行申请综合授信额度的议案》 内容详见刊登于中国证监会指定信息披露网站巨潮资讯网（www.cninfo.com.cn） 的公司《关于向银行申请综合授信额度的公告》。 董事会对此项议题进行了讨论和表决。 表决结果：赞成票 7 票，占出席会议有效表决票的 100%，反对票 0 票，弃权票 0 票。 3、本次会议应参加的董事 7 名，实际参加的董事 7 名。 4、会议由方汉董事长主持。公司部分监事、高级管理人员列席了本次会议。 5、董事会的举行和召开符合国家有关法 ...

Financial Performance - In the first half of 2024, Kunlun Wanwei achieved total revenue of 2.5 billion yuan, a year-on-year increase of 3.2% [2] - The overall gross margin reached 78.2%, maintaining a high level [2] - Overseas business revenue amounted to 2.21 billion yuan, a year-on-year increase of 9.0%, accounting for 88.2% of total revenue [2] Investment in AI Development - R&D expenses for the first half of 2024 reached 760 million yuan, a year-on-year increase of 115.7% [2] - The company is committed to investing in the development and iteration of generative AI foundational models [2] AI Product Innovations - The company launched the "Tiangong 3.0" model with 400 billion parameters, showing significant performance improvements in semantic understanding and logical reasoning, with enhancements exceeding 20% in technical knowledge and over 30% in math, reasoning, and creative writing capabilities [3] - The daily active users (DAU) of the Tiangong AI Smart Assistant surpassed 1 million during the reporting period [3] - The AI social application Linky achieved a DAU of over 500,000, integrating storytelling, script creation, and chat interaction features [3][5] New AI Platforms and Applications - The company released the AI music model SkyMusic 2.0, capable of generating songs with over 500 words of lyrics and lasting up to 6 minutes, marking a significant advancement in the AIGC music model field [4] - The AI short drama platform SkyReels was launched, allowing users to create high-quality videos with integrated script generation and scene planning [4][6] Market Expansion and Future Outlook - The company aims to expand Linky into more global markets, targeting a DAU of 10 million in the long term [5] - The AI short drama product SkyReels is expected to penetrate the UGC market, with plans to increase the creator base over the next 1-2 years [6] - The company is focused on balancing AI investment and returns, emphasizing the importance of product innovation and user growth [6][8]

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating an expected price increase of over 15% relative to the benchmark index [2]. Core Views - The company's Q2 revenue showed steady growth, with a year-on-year increase of 7.1%, driven by strong performance in its overseas Opera business. However, the net profit was under pressure due to increased AI R&D investments and fluctuations in investment income [2][3]. - The company is positioned as a leading player in the domestic AI industry, which is expected to provide a strong competitive advantage as it continues to implement its "All in AI" strategy [3]. Financial Performance Summary - For the first half of 2024, the company achieved revenue of 2.502 billion yuan, a year-on-year increase of 3.16%, while the net profit attributable to the parent company was -389 million yuan, a decline of 208.64% [1]. - In Q2 2024, the company reported revenue of 1.294 billion yuan, up 7.1% year-on-year, but the net profit was -202 million yuan, down 238% year-on-year, primarily due to increased AI R&D spending [1][2]. - The company’s R&D expense ratio for the first half of 2024 was 30.27%, an increase of 15.80 percentage points year-on-year, reflecting its commitment to AI development [2]. Revenue and Profit Forecast - The revenue forecast for 2024E is 5.441 billion yuan, with a year-on-year growth of 10.7%. The net profit forecast for 2024E is 151 million yuan, representing a significant decline of 88% [4][6]. - The projected net profit growth for 2025E and 2026E is 199.4% and 48.3%, respectively, indicating a recovery trend after the anticipated decline in 2024 [3][4]. Key Financial Metrics - As of June 30, 2024, the basic earnings per share (EPS) was -0.32 yuan, and the diluted EPS was also -0.32 yuan [2]. - The net asset return rate (ROE) was -2.81% [2]. - The company’s total market capitalization is 31.933 billion yuan, with a circulating A-share market value of 31.933 billion yuan [2].

Investment Rating - The report maintains an "Outperform" rating for the company [3][15]. Core Insights - The company experienced stable revenue growth, with a reported revenue of 2.501 billion yuan in the first half of 2024, representing a year-on-year increase of 3.16%. However, the net profit attributable to shareholders was a loss of 389 million yuan, a significant decline of 208.64% year-on-year [1][4]. - The company's overseas business continues to grow, accounting for 88.2% of total revenue, with a year-on-year increase of 9.02% [1][8]. - Research and development (R&D) expenses surged to 757 million yuan, a 115.7% increase year-on-year, indicating a strong commitment to advancing AI and metaverse initiatives [1][6]. Summary by Sections Financial Performance - In the second quarter of 2024, the company achieved a revenue of 1.294 billion yuan, with a year-on-year growth of 7.1%. The net profit attributable to shareholders was a loss of 202 million yuan, reflecting a decline of 238.0% year-on-year [1][4]. - The company’s adjusted net profit for the first half of 2024 was a loss of 407 million yuan, down 230.6% year-on-year, primarily due to fluctuations in investment income and increased R&D expenses [1][4]. Business Segments - The search and advertising segments showed positive growth, with revenues of 623 million yuan and 890 million yuan, respectively, marking increases of 17.31% and 22.89% year-on-year [1][8]. - The gaming and overseas social business segments saw revenue declines of 18.37% and 5.92% year-on-year, respectively [1][8]. R&D and Innovation - The company is advancing its AI capabilities, with the TianGong model reaching version 3.0, featuring 400 billion parameters, making it one of the largest and most powerful open-source models globally [1][6]. - The company is actively developing several AI applications, including AI games and social platforms, with daily active users surpassing 500,000 for its AI social product [1][6]. Future Outlook - The company forecasts net profits for 2024, 2025, and 2026 to be -21 million yuan, 373 million yuan, and 573 million yuan, respectively, with corresponding diluted EPS of -0.02 yuan, 0.31 yuan, and 0.47 yuan [2][9]. - The current stock price corresponds to a PE ratio of -1546 for 2024, 85 for 2025, and 56 for 2026, indicating significant volatility in earnings expectations [2][9].

Investment and Financial Performance - The company reported that its global average monthly active users reached nearly 400 million, covering over 100 countries and regions[102]. - The company's operating revenue for the first half of 2024 was ¥2,501,811,162.32, representing a 3.16% increase compared to ¥2,425,229,544.83 in the same period last year[32]. - The net profit attributable to shareholders was -¥389,136,070.45, a decrease of 208.64% from ¥358,189,359.72 in the previous year[32]. - The net cash flow from operating activities decreased by 64.53%, amounting to ¥189,088,081.19 compared to ¥533,113,423.95 in the same period last year[32]. - The basic earnings per share were -¥0.32, a decline of 206.67% from ¥0.30 in the previous year[32]. - Total assets at the end of the reporting period were ¥21,039,773,543.60, down 2.07% from ¥21,484,962,358.21 at the end of the previous year[32]. - The net assets attributable to shareholders decreased by 0.53%, totaling ¥15,093,299,461.48 compared to ¥15,174,349,421.64 at the end of the previous year[32]. - The company plans not to distribute cash dividends or issue bonus shares[17]. - The company reported a net profit of RMB 32,060.82 million for the year 2023, exceeding the promised net profit of RMB 27,600 million[177]. - Cumulative net profit from 2021 to 2023 reached RMB 80,862.31 million, surpassing the cumulative commitment of RMB 69,766.67 million[177]. Risk Management and Competition - The company has increased its investment in AGI and AIGC technologies, which poses a risk of potential losses if these investments do not yield expected returns[5]. - The company is facing intensified competition in the internet sector, particularly in AI applications, necessitating continuous innovation and differentiated strategies to maintain market share[8]. - The company is actively managing risks associated with currency fluctuations due to its significant overseas revenue, which has been increasing since 2009[14]. - The company acknowledges the potential impact of macroeconomic fluctuations on consumer spending and is prepared to address any long-term challenges in user payment willingness[7]. - The company faces risks related to the loss of core management and technical talent due to the rapid development of AGI and AIGC technologies[15]. - The company is facing risks related to increased investments in AGI and AIGC technologies, which may lead to potential losses if returns are not realized as expected[138]. - The global economic cycle poses risks, with potential impacts on consumer spending and willingness to pay, although current operations remain unaffected[139]. - Risks associated with overseas market operations include varying political, legal, and cultural environments that may affect product compliance and market adaptation[141]. - The rapid pace of product iteration in the internet industry increases the risk of new product development failures if market demands are not accurately understood[142]. - The lifecycle of internet products presents risks of user attrition if timely updates and innovations are not implemented[143]. - Investment projects may underperform due to changing environments and emerging competitors, prompting the company to focus on careful investment selection and management[145]. - Currency exchange risks arise from international operations, with potential impacts on financial performance due to fluctuations in foreign exchange rates[146]. - The company faces risks related to goodwill impairment if the performance of acquired assets deteriorates, necessitating strict impairment testing and management[146]. - The company is at risk of losing core management and technical talent due to industry competition, prompting efforts to enhance employee retention through competitive compensation and a supportive work environment[147]. Research and Development - Research and development expenses for the first half of the year were 757 million yuan, an increase of 115.72% year-on-year[40]. - The company has developed nearly 1 million official and UGC AI agents on the TianGong AI Intelligent Agent platform, covering various aspects such as learning efficiency and entertainment[54]. - The TianGong 3.0 model was released with 400 billion parameters, significantly improving performance and efficiency compared to its predecessor[46]. - The AI music model "TianGong SkyMusic" has been iterated to version 2.0, supporting songs of up to 6 minutes and 44,100Hz sampling rate[49]. - The company is advancing its AI high-performance computing chip project, aiming to provide robust hardware support for AI and data centers[45]. - The company launched the AI music streaming platform Melodio and the AI music creation platform Mureka in August 2024[43]. - The AI game "Project G7" is in development, featuring an open-world RPG experience with AI-driven narratives and user-generated content capabilities[58]. - The company has successfully launched the SkyMusic 2.0 model, enhancing its AI music offerings for both domestic and international markets[61]. Corporate Governance and Compliance - The company emphasizes the importance of corporate governance and has established a robust internal control system to enhance decision-making fairness and scientificity[166]. - The company actively maintains communication with investors, ensuring transparency and timely information disclosure to enhance investor confidence[168]. - The company has established multiple channels for investor relations management, including its website and annual reports, to facilitate effective communication[168]. - The company is focused on enhancing its corporate governance structure to maximize shareholder value and maintain a stable relationship with investors[166]. - The company has committed to avoiding competition with its subsidiaries and ensuring that any business opportunities are prioritized for the company[173]. - The company has established an independent financial accounting department and management system to ensure financial independence[177]. - The company has a complete and independent labor and compensation management system, separate from the controlling shareholder[177]. - The company has committed to maintaining its operational independence, including having independent assets and personnel[177]. - The company has maintained compliance with its commitments regarding related party transactions and has ensured fair pricing in such transactions[177]. - There were no instances of non-operating fund occupation by the controlling shareholder or other related parties during the reporting period[182]. Talent Management and Employee Relations - The company aims to enhance its governance structure and management level to address challenges arising from its expanding scale and complexity[16]. - The company emphasizes maintaining a competitive compensation structure and fostering an innovative work environment to attract and retain high-quality talent[15]. - The company has established a diverse and international talent team to enhance its competitive advantage in the AI sector[107]. - The company has implemented measures to protect the rights and interests of employees, including compliance with labor laws and providing various benefits[168]. - The company strictly adheres to labor laws, providing employees with social insurance and a healthy work environment, including annual health check-ups and vacations[168].