Market Overview - The digital media sector experienced a decline of 1.19% on December 2, with Mango Super Media leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Notable stock performances included: - 365 Network (300295) rose by 2.92% to close at 15.18 [1] - Mango Super Media (300413) fell by 2.91% to close at 24.73, with a trading volume of 242,800 shares and a transaction value of 603 million [2] - Visual China (000681) closed at 24.10, up 0.50% [1] - Worth Buying (300785) decreased by 0.95% to 43.66, with a transaction value of 1.071 billion [2] Capital Flow - The digital media sector saw a net inflow of 38.76 million from institutional investors and 67.02 million from retail investors, while retail investors had a net outflow of 106 million [2] - Key capital flows for specific stocks included: - Visual China (000681) had a net inflow of 1.08 billion from institutional investors [3] - Worth Buying (300785) attracted a net inflow of 59.35 million from institutional investors [3] - Mango Super Media (300413) experienced a net outflow of 1.21 billion from retail investors [3]

近日，由消费日报社和中国消费经济论坛组委会共同主办的第十九届中国消费经济论坛（秋季）在京举 办，值得买科技旗下消费产业研究院携手消费日报在活动现场共同发布《2025年中国消费市场质量价值 趋势报告》，系统阐释了"消费质量观变迁"引发的四大消费新趋势。 "消费者心中的'质量'内涵，不再只是一个关于'耐用'和'安全'的物理概念，而是一个关于'信任'与'意 义'的文化概念。"赵一鹤表示，"消费质量观"的巨大变迁，直接体现在四大消费变革趋势之中。 最后，消费者愈加重视与产品、品牌之间的情感连接，期待从"交易关系"到"价值共鸣"的升华：产品不 仅要好用，更要"有意义"，能够承载情绪价值，与用户的精神世界同频共振，让购买和使用过程成为一 种情感疗愈。 基于上述四大消费新趋势，赵一鹤指出，中国市场主流消费者的画像，正在从主要强调"性价比、参 数、耐用"的功能派，逐渐演变为"理性体验派"与"感性价值派"的综合体，"消费者更专业、更谨慎、更 追求确定性，标志着理性觉醒；可持续与可持久的消费理念成为新共识，不仅是为了应对环境与生活压 力，更意味着长期主义的兴起；而消费成为'构建自我身份、寻求群体归属'的精神行为，则展现了在物 质 ...

证券之星消息，12月1日数字媒体板块较上一交易日下跌1.39%，值得买领跌。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。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) | | --- | --- | --- | --- | --- | --- | --- | | 600228 | *ST返利 | 7.23 | 3.29% | | 13.61万 | 9736.13万 | | 000681 | 视觉中国 | 23.98 | 2.04% | | 68.14万 | 16.35亿 | | 603466 | 风语筑 | 10.10 | 1.20% | | 20.78万 | 2.10亿 | | 301299 | 卓创资讯 | 56.99 | 1.14% | | 7635.0 | 4334.12万 | | 600640 | 国脉文化 | 13.59 | 0.15% | | 6.85万 | 9270.04万 | | 300987 | 川网传媒 | 18.07 | -0.77% | | 3.77万 | 687 ...

Investment Rating - The investment rating for the media industry is "Positive (Maintain)" [1] Core Insights - The report highlights a significant increase in the approval of domestic game licenses, with 178 domestic games and 6 imported games approved in November, marking a new monthly high for the year. A total of 1,532 domestic game licenses have been issued in 2025, indicating a robust supply for new game releases [3][4] - The film market is showing signs of recovery, driven by the success of "Zootopia 2," which has grossed over 1.89 billion yuan in the mainland, with a projected final box office of 4.263 billion yuan. Upcoming films are expected to further boost box office revenues [4][5] - The report emphasizes the ongoing development and commercialization of AI applications, particularly in gaming, advertising, and content creation, suggesting continued investment in these sectors [3][4] Summary by Sections Industry Data Overview - "仙逆 H5" ranks first in the iOS free game chart, while "和平精英" leads the iOS revenue chart as of November 29, 2025 [10][14] - The report notes that "明日方舟：终末地" is the top-ranked game in the Android pre-registration chart, and "逆战：未来" leads the iOS pre-registration chart [21][23] Industry News Overview - The report discusses advancements in AI models, including the release of Claude Opus 4.5, which enhances coding and agent capabilities, and the rapid deployment of AI products by Alibaba [31][32] - The gaming market remains vibrant, with a notable increase in the issuance of domestic game licenses, indicating sustained high demand [31][32] Company Recommendations - The report recommends continued investment in AI gaming, AI advertising, AI animation, AI e-commerce, and AI design sectors, highlighting key companies such as 恺英网络, 巨人网络, and 腾讯控股 as beneficiaries [3][4]

Core Insights - The article highlights the arrival of the "Black Friday" shopping season overseas, following the domestic "Double Eleven" event, emphasizing various discounts on software, apps, and online services [1] Discounts on Apps and Subscriptions - Tripsy offers a 50% discount on its Pro membership, reducing the annual subscription from $58 to $29, and the lifetime membership from $298 to $149 [4] - Flighty provides an additional 3 months free with its annual subscription priced at $59.99 during the Black Friday event [4] - iStat Menus 7 is available at a 50% discount, with personal licenses priced at 30 RMB and family licenses at 42.5 RMB [10] - Paste's annual subscription is reduced from $29.99 to $14.99 [13] - Controller for HomeKit offers a 38% discount on its professional subscription [15] - Things has a 30% discount across all platforms, with prices for Mac at $34.99, iPad at $13.99, iPhone & Watch at $6.99, and Apple Vision Pro at $20.99 [18] - Tower offers a 30% discount on its basic and advanced subscriptions [22] - Enpass provides a 40% discount on the personal version and a 25% discount on the family version [25] - DEVONThink offers a 25% discount on its products [26] - Parallels Desktop has a 50% discount on its basic and professional subscriptions [28] - GoodSync offers a 40% discount on its personal license, reducing the price from 150 RMB to 90 RMB [32] - AdGuard provides a 45% discount on both personal and family lifetime licenses [35] - ProtoPie offers a 20% discount on the basic plan and a 40% discount on the professional plan for new users [38] - RapidWeaver offers a 45% discount on its subscriptions with a specific discount code [41] - Navicat provides a 30% discount on its permanent license during Black Friday [44] - BZG apps offer a 50% discount on selected applications [47] - Affinity has integrated its applications into a single software, with future AI features to be announced [51] Discounts on Services - Adobe Creative Cloud offers a 50% discount for the first year for new users, reducing the monthly fee from $69.99 to $34.97 [54] - Plex Pass subscriptions are available at a 40% discount for new users [59] - Craft offers a 40% discount on its subscriptions [60] - Disney+, Hulu, and ESPN provide a bundled subscription for the first year at $29.99 per month, a 44% discount [61] - Apple TV offers a promotional rate of $5.99 per month for six months for eligible users [64] - Audible provides a special offer for new users at $0.99 per month for the first three months [67] - Amazon Music Unlimited offers a three-month free trial for new users [70] Promotional Aggregation Sites - BundleHunt offers a customizable bundle of Mac and Windows software with discounts [71] - Indie App Sales features over 400 applications with discounts [76] - TheMacApps provides a directory of popular applications with Black Friday discounts [78] - Unclutter offers a bundle of 12 Mac applications at a significant discount [81] - Awesome Black Friday lists various tools and services with discounts [82]

从资金流向上来看，当日数字媒体板块主力资金净流入3347.05万元，游资资金净流出2214.52万元，散户 资金净流出1132.53万元。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) | | --- | --- | --- | --- | --- | --- | | 600228 | *ST返利 | 7.00 | 3.86% | 10.72万 | 7426.27万 | | 600640 | 国脉文化 | 13.57 | 1.95% | 9.67万 | 1.30亿 | | 300295 | 三六五网 | 15.05 | 1.83% | 25.48万 | 3.77亿 | | 300413 | 芒果超媒 | 25.92 | 0.93% | 12.27万 | 3.16亿 | | 603000 | 人民网 | 20.97 | 0.58% | 36.74万 | 7.66亿 | | 603888 | 新华网 | 20.60 | 0.15% | 14.51万 | 2.98亿 | | 300987 | 川网传媒 | 18.21 | 0.11% | 3.90万 ...

近日，中国上市公司协会正式揭晓"2025上市公司董事会最佳实践案例征集活动"评选结果。值得买科技凭借高质量的合规运作、 治理效能及战略决策能力，成功入选"2025上市公司董事会优秀实践案例"，这已是公司连续三年蝉联此项荣誉。 上市公司董事会优秀实践 中国上市公司协会指出：健全上市公司董事会制度、提升战略决策与风险监督能力，已成为推动资本市场高质量发展、增强金融 体系韧性和服务实体经济能力的关键举措。从入围公司的实践来看，上市公司董事会在发挥战略引领作用、健全投资者关系管理 体系、加强内控制度建设、践行ESG理念等方面取得了显著成效。 作为此次"优秀实践案例"入选企业，值得买科技在多维度治理实践中展现出突出能力。在"内控制度建设"方面，公司不仅从制度 设计源头筑牢风险防控底线，更在治理结构、机构设置、权责分配及业务流程等关键环节构建起"相互制约、相互监督"的闭环运 行机制。通过持续推进现有制度修订与体系优化，为公司实现持续、健康、高质量发展提供了坚实保障。 在"投资者关系管理"方面，上市六年来，值得买科技凭借专业高效的投资者关系管理和高质量的信息披露工作，全面立体展现公 司商业模式独特价值与长期投资潜力，树立了 ...

资金面上看，今日拼多多概念板块获主力资金净流出9.75亿元，其中，30股获主力资金净流出，6股主 力资金净流出超5000万元，净流出资金居首的是新华都，今日主力资金净流出2.29亿元，净流出资金居 前的还有易点天下、值得买、光云科技等，主力资金分别净流出1.76亿元、1.31亿元、1.26亿元。今日 主力资金净流入居前的概念股有引力传媒、元隆雅图、东航物流等，主力资金分别净流入1.45亿元、 576.04万元、301.91万元。（数据宝） 拼多多概念资金流出榜 代码 简称 今日涨跌幅（%） 今日换手率（%） 主力资金流量（万元） 002264 新华都 -1.85 43.33 -22916.60 301171 易点天下 -0.36 28.32 -17598.78 300785 值得买 -4.16 25.80 -13064.69 688365 光云科技 -5.01 11.89 -12594.03 000676 智度股份 -3.05 4.77 -5500.41 301001 凯淳股份 -12.02 36.88 -5101.64 300959 线上线下 -3.32 9.94 -4558.16 300792 壹网壹创 ...

拼多多概念资金流出榜 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 有机硅概念 | 3.29 | 海南自贸区 | -2.65 | | 硅能源 | 1.99 | 培育钻石 | -1.67 | | 钠离子电池 | 1.99 | 小红书概念 | -1.62 | | POE胶膜 | 1.99 | Sora概念(文生视频) | -1.55 | | 固态电池 | 1.68 | 拼多多概念 | -1.48 | | 新型烟草(电子烟) | 1.53 | 中船系 | -1.47 | | MicroLED概念 | 1.48 | 云办公 | -1.47 | | MiniLED | 1.41 | 快手概念 | -1.36 | | 磷化工 | 1.40 | 华为盘古 | -1.33 | | 柔性屏(折叠屏) | 1.31 | 智慧政务 | -1.25 | 资金面上看，今日拼多多概念板块获主力资金净流出9.75亿元，其中，30股获主力资金净流出，6股主 力资金净流出超5000万元，净流出资金居首的是新华都，今日主力资金净流出2.29亿元，净流出资金居 前的还有 ...

Core Insights - Worth Buying Technology held an AI progress sharing conference on November 26, showcasing its latest AI developments and the new "Haina" ACP (Agent Commercial Protocol) [1] - The company aims to enhance consumer service capabilities in the AI ecosystem and has partnered with Weimeng and Alipay to integrate AI payment capabilities [1][4] - The "Haina" platform focuses on creating a seamless transaction process in AI e-commerce, establishing a complete closed loop from capability supply to transaction matching [1][4] Group 1: AI Achievements - In November, the "Haina" MCP Server partner count exceeded 40, with an output volume surpassing 100 million [2] - The AI shopping assistant "Zhang Dama" saw an 8-fold increase in active users and a 24% increase in average retention rate [2] - The core product "What Worth Buying" experienced a 4-fold increase in AIGC reading time compared to the same period last year [2] Group 2: AIGC Integration - AIGC capabilities have evolved from simple content generation to decision empowerment, enhancing content production efficiency and user experience [3] Group 3: "Haina" ACP Development - The "Haina" ACP is designed as a foundational technology standard for "dialogue-based shopping," connecting AI capabilities with commercial value [4] - The collaboration with Weimeng and Alipay aims to create a collaborative transaction closed loop involving AI agents, users, merchants, and payment platforms [4][5] - The "Haina" ACP will first be implemented in the "Zhang Dama" app, facilitating a seamless process from dialogue to payment [5] Group 4: Future Strategy - Worth Buying Technology plans to continue its "comprehensive AI" strategy, exploring new AI+ consumption scenarios, models, and products [5] - The company aims to enhance the efficiency and quality of connections between supply and demand, contributing to a better consumer experience [5]