Group 1 - The film industry sector experienced a decline at the beginning of trading on November 19, with significant drops in stock prices [1] - Happiness Blue Sea saw a drop of over 7.5%, indicating a notable downturn in investor sentiment [1] - Other companies in the sector, including Huanrui Century, Jiechuan Co., Huace Film & TV, and Huayi Brothers, also experienced declines in their stock prices [1]

关于幸福蓝海影视文化集团股份有限公司 2025 年第二次临时股东大会的法律意见书 致：幸福蓝海影视文化集团股份有限公司 北京大成（上海）律师事务所 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前发生或者存在的事实，严格履行法定职责，遵循勤勉尽责和诚实信用原则， 进行充分的检查验证，保证本法律意见书所认定的事实真实、准确、完整，所发 表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承 担相应法律责任。 基于上述，根据有关法律法规的要求，按照律师行业公认的业务标准、道德 规范和勤勉尽责精神，本所律师对公司提供的上述文件资料和有关事项进行了核 查和现场见证，现出具法律意见如下： 一、本次股东大会的召集 本次股东大会由公司第五届董事会第十四会议决定召开并由董事会召集。公 司董事会于 2025 年 10 月 30 日在深圳证券交易所网站公开发布了《幸福蓝海影 视文化集团股份有限公司关于召开 2025 年第二次临时股东大会的通知》。 北京大成（上海）律师事务所（简称"本所"）接受幸福蓝海影视文化集团 股份 ...

幸福蓝海影视文化集团股份有限公司 证券代码：300528 证券简称：幸福蓝海 公告编号：2025-061 2025 年第二次临时股东大会决议公告 本公司及其董事会全体成员保证公告内容真实、准确、完整，公告不存在 虚假记载、误导性陈述或重大遗漏。 重要提示： 1、本次股东大会没有否决或修改议案的情况； 2、本次股东大会没有新议案提交表决的情况，没有变更前次股东大会决议 的情况； 3、本次股东大会以现场和网络投票相结合的方式召开。 一、会议的召开和出席情况 （一）会议召开情况 1.会议召开时间： 现场会议召开时间：2025 年 11 月 17 日下午 14:00 开始。 网络投票时间：2025 年 11 月 17 日。其中，通过深圳证券交易所交易系统 进行网络投票的时间为 2025 年 11 月 17 日 9:15—9:25，9:30—11:30 和 13:00 —15:00；通过深圳证券交易所互联网系统投票的具体时间为 2025 年 11 月 17 日 9:15 至 15:00。 2.现场会议召开地点：南京市栖霞区元化路 8 号 28 幢（仙林南大科学园智 慧园 6 号 C 栋 3 楼）公司 C310 会议室。 ...

Group 1 - The film and theater sector saw a rise of 0.89% on November 17, with Shanghai Film leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] - Key stocks in the film and theater sector showed various performance metrics, with Shanghai Film closing at 30.27, up 3.84% [1] Group 2 - The main capital flow in the film and theater sector indicated a net outflow of 6.698 million yuan from institutional investors, while retail investors saw a net inflow of 20.1 million yuan [3][4] - Shanghai Film had a net inflow of 47.1935 million yuan from institutional investors, despite a net outflow from retail investors [4] - The overall trading volume and turnover for key stocks in the sector were significant, with Shanghai Film achieving a turnover of 302 million yuan [1][4]

Market Overview - The film and cinema sector experienced a decline of 2.6% on November 12, with Happiness Blue Sea leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Happiness Blue Sea (300528) closed at 22.81, down 8.06% with a trading volume of 354,800 shares and a transaction value of 825 million [1] - China Film (600977) closed at 17.66, down 7.35% with a trading volume of 1,193,700 shares and a transaction value of 2.158 billion [1] - Huayi Brothers (300027) closed at 2.60, down 1.14% with a trading volume of 647,900 shares and a transaction value of 1.69 billion [1] Capital Flow Analysis - The film and cinema sector saw a net outflow of 728 million from institutional investors, while retail investors had a net inflow of 675 million [1] - The table indicates that retail investors contributed positively to the capital flow despite the overall decline in the sector [2] Detailed Capital Flow for Selected Stocks - ST Tianze (603721) had a net inflow of 821,000 from institutional investors, while retail investors had a net outflow of 82,500 [2] - Beijing Culture (000802) saw a net inflow of 480,500 from institutional investors, with a slight outflow from retail investors [2] - Huayi Brothers (300027) experienced a net outflow of 7.028 million from institutional investors, but a net inflow of 4.322 million from retail investors [2]

Core Viewpoint - The Shanghai Composite Index decreased by 0.21% today, with significant declines in the electric equipment sector, which saw the largest drop of 2.31% [2] Industry Performance Summary - The oil and petrochemical sector led the gains with an increase of 1.27%, followed by the banking sector at 1.10% and the comprehensive sector at 1.01% [2] - The electric equipment sector experienced the largest decline at 2.31%, followed by the defense and military industry at 1.70% and the computer sector at 1.28% [2] - A total of 1513 stocks rose, with 65 hitting the daily limit up, while 3819 stocks fell, including 10 hitting the daily limit down [2] Trading Volume and Value - The total trading volume reached 1,081 million shares, with a total transaction value of 15,923.01 billion yuan, reflecting a decrease of 1.61% compared to the previous trading day [2]

Market Overview - The film and cinema sector saw a slight increase of 0.01% on November 11, with Happiness Blue Sea leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Stock Performance - Happiness Blue Sea (300528) closed at 24.81, up 3.68% with a trading volume of 402,800 shares and a transaction value of 984 million [1] - Other notable performers included: - Golden Screen (002905) at 11.85, up 1.98% with a transaction value of 195 million [1] - Huayi Brothers (300027) at 2.63, up 1.54% with a transaction value of 186 million [1] - Conversely, several stocks experienced declines, such as: - Jiecheng Co. (300182) at 6.19, down 1.75% with a transaction value of 542 million [2] - Huace Film (300133) at 8.00, down 1.48% with a transaction value of 749 million [2] Capital Flow - The film and cinema sector experienced a net outflow of 251 million from institutional investors, while retail investors saw a net inflow of 224 million [2] - The capital flow for key stocks included: - Happiness Blue Sea with a net outflow of 26.70 million from institutional investors [3] - Light Media (300251) with a net inflow of 11.99 million from institutional investors [3] - China Film (600977) with a net inflow of 5.63 million from institutional investors [3]

幸福蓝海影视文化集团股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日召开 2024 年度股东大会，审议通过了《关于使用自有闲置资金购买理财 产品的议案》，在保证日常经营运作和资金安全的前提下，为提高公司自有闲置 资金的使用效率，进一步增加公司收益，同意公司及全资、控股子公司使用不 超过人民币 2.5 亿元自有闲置资金购买商业银行、证券公司及其他正规的金融 机构发行的结构性存款、低风险理财产品等理财产品。在该额度范围内，资金 可以滚动使用。自获公司 2024 年度股东大会审议通过之日起 1 年内有效。具体 内容详见公司 2025 年 4 月 12 日刊载于中国证券监督管理委员会指定的创业板 信息披露网站巨潮资讯网（www.cninfo.com.cn）上的《关于使用自有闲置资金 购买理财产品的公告》（公告编号：2025-018）及 2025 年 5 月 20 日刊载的 《2024 年度股东大会决议公告》（公告编号：2025-028）。 证券代码：300528 证券简称：幸福蓝海 公告编号：2025-060 幸福蓝海影视文化集团股份有限公司 关于使用自有闲置资金购买理财产品的进展公告 本公司及董事 ...

Group 1 - The core viewpoint of the news is that Happiness Blue Ocean has shown significant stock price growth and trading activity, with a year-to-date increase of 178.16% and notable trading volumes [1] - As of November 10, the stock price reached 24.20 CNY per share, with a total market capitalization of 9.017 billion CNY [1] - The company has experienced a net outflow of main funds amounting to 29.78 million CNY, while large orders showed a mixed trend with a total buy of 96.57 million CNY and a sell of 122 million CNY [1] Group 2 - Happiness Blue Ocean, established on November 18, 2005, and listed on August 8, 2016, primarily engages in television and film businesses, with 76.52% of its revenue coming from cinema distribution and screening [2] - As of October 31, the number of shareholders increased by 33.95% to 52,300, while the average circulating shares per person decreased by 25.35% to 7,118 shares [2] - For the period from January to September 2025, the company reported a revenue of 606 million CNY, reflecting a year-on-year growth of 11.87%, while the net profit attributable to the parent company was -4.118 million CNY, a 94.12% increase in loss compared to the previous year [2] Group 3 - Since its A-share listing, Happiness Blue Ocean has distributed a total of 68.31 million CNY in dividends, with no dividends paid in the last three years [3]

Core Insights - The total box office revenue in China for the first three quarters of 2025 reached 41.952 billion yuan, representing a year-on-year growth of 21.12% with total audience attendance at 985 million [1] - Domestic films accounted for 89.21% of the total box office, while imported films made up 10.79% [1] - A total of 13,400 cinemas were operational, showing a growth of 3.08% year-on-year, with 861 new cinemas built in the first three quarters [1] Company Performance Summary - Wanda Film reported revenue of 9.787 billion yuan, a slight decrease of 0.61%, but net profit surged by 319.92% to 708 million yuan [2][5] - Hengdian Film achieved the highest growth rate with revenue of 1.895 billion yuan, up 17.28%, and net profit skyrocketed by 1084.80% to 206 million yuan [2][4] - Bona Film was the only company to report a net loss of 1.111 billion yuan, a decline of 213.11%, despite a slight revenue increase of 1.29% to 972 million yuan [2][6] - Shanghai Film's revenue reached 723 million yuan, a growth of 29.09%, with net profit increasing by 29.81% to 139 million yuan, marking the highest profitability metrics in the sector [2][7] - Happiness Blue Sea reported revenue of 606 million yuan, an increase of 11.87%, but still posted a net loss of 40 million yuan [2][7] - WenTuo Holdings experienced the largest revenue decline of 16.88% to 255 million yuan, but managed to turn a profit with a net income of 4 million yuan, up 100.92% [2][4] Profitability Analysis - Shanghai Film led in profitability with a gross margin of 36.67% and a net margin of 24.71% [3][7] - WenTuo Holdings followed with a gross margin of 33.32% and a net margin of 1.63%, showing significant improvement [3][5] - Wanda Film's gross margin was 27.75% with a net margin of 7.29%, reflecting stable performance [3][5] - Hengdian Film's gross margin was 18.48% with a net margin of 10.87%, indicating solid profitability [3][4] - Bona Film reported a negative gross margin of -64.51%, the lowest in the industry, highlighting severe profitability challenges [3][6]