北京值得买科技股份有限公司 2025 年半年度报告全文 北京值得买科技股份有限公司 2025 年半年度报告 2025 年 8 月 1 北京值得买科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人隋国栋、主管会计工作负责人李楠及会计机构负责人(会计主 管人员)李楠声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 2025 年半年度报告中涉及未来计划等前瞻性陈述，不构成公司对投资者 的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当 理解计划、预测与承诺之间的差异，请投资者注意投资风险。 公司需遵守《深圳证券交易所上市公司自律监管指引第 4 号——创业板 行业信息披露》中的"互联网营销及数据服务相关业务"的披露要求。 公司存在宏观经济风险、网络合规风险、行业风险、经营风险等，敬请 广大投资者注意投资风险。具体内容详见本报告第三节"管理层讨论与分析" 之十、" ...

证券代码：300785 证券简称：值得买 公告编号：2025-036 北京值得买科技股份有限公司 第四届董事会第七次会议决议公告 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 北京值得买科技股份有限公司（以下简称"公司"）第四届董事会第七次会 议于 2025 年 8 月 12 日以电子邮件的方式发出会议通知和议案，会议于 2025 年 8 月 22 日上午 10:00 以现场会议和通讯表决相结合的方式召开。本次会议应出 席董事 7 人，实际出席董事 7 人，其中董事长隋国栋先生、独立董事韩践女士、 独立董事肖土盛先生、独立董事曲凯先生以通讯表决方式出席会议，会议由公司 董事长隋国栋先生主持，全体监事及高级管理人员列席会议。本次会议的召集、 召开和表决程序符合《中华人民共和国公司法》、《公司章程》、《董事会议事 规则》等有关规定。 二、董事会会议审议情况 本议案已经公司第四届董事会审计委员会审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 2、审议通过《2025 年半年度募集资金存放与使用情况的专项报告》 经审议，董事会 ...

Market Performance - On August 25, the digital media sector rose by 2.31%, with "Zhi De Mai" leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Individual Stock Performance - "Zhi De Mai" (300785) closed at 36.92, up 6.31% with a trading volume of 265,600 shares and a turnover of 964 million yuan [1] - "Mango Super Media" (300413) closed at 27.09, up 6.11% with a trading volume of 583,500 shares and a turnover of 1.523 billion yuan [1] - "Na Yue Technology" (603533) closed at 22.46, up 5.05% with a trading volume of 307,500 shares and a turnover of 676 million yuan [1] - "Visual China" (000681) closed at 22.24, up 1.46% with a trading volume of 506,200 shares and a turnover of 1.126 billion yuan [1] Capital Flow Analysis - The digital media sector saw a net inflow of 84.871 million yuan from institutional investors, while retail investors experienced a net outflow of 21.647 million yuan [2] - "Mango Super Media" had a net inflow of 13.8 million yuan from institutional investors, but retail investors withdrew 80.882 million yuan [3] - "Visual China" experienced a net outflow of 1.4743 million yuan from institutional investors, while retail investors had a net inflow of 3.2268 million yuan [3]

Core Viewpoint - The AICon Global Artificial Intelligence Development and Application Conference highlighted the advancements in AI applications and the importance of high-quality data in enhancing consumer decision-making processes [1][3][4]. Group 1: Event Overview - The AICon conference took place in Shenzhen on August 22-23, focusing on AI and large model technologies, attracting senior engineers, product managers, and data analysts from various industries [1][3]. - Worthbuy Technology's CTO, Wang Yunfeng, participated in the event, sharing insights on the company's AI practices and engaging in discussions about key application scenarios and the future of AI ecosystems [1][3]. Group 2: Company Strategy and AI Development - Worthbuy Technology has initiated a comprehensive exploration of AI since 2023 and is set to implement a full AI strategy in 2024, introducing an AI product matrix consisting of "1 large model, 2 databases, 3 engines, and 4 application types" [3]. - The company aims to upgrade and reshape its business and commercial ecosystem through AI, focusing on transforming cutting-edge AI technologies into practical productivity [3][4]. Group 3: Data Quality and Consumer Decision-Making - Wang Yunfeng emphasized that AI applications are becoming new entry points for consumer decision-making, enhancing efficiency and precision, but face challenges due to the need for high-quality data [4]. - Worthbuy Technology has accumulated a vast amount of high-quality consumer data over its ten years in the field, which is crucial for accurately understanding consumer needs and supporting personalized decision-making [4]. Group 4: MCP Server and Ecosystem Development - In May, Worthbuy Technology launched the "Haina" MCP Server, a standardized consumer data service platform that integrates the company's core advantages in consumer content [5]. - The MCP Server has shown significant growth, with an output of 13 million in July, a 67% increase month-over-month, and has partnered with over 30 new collaborators [5]. - The platform has been integrated into various external platforms, including Alibaba Cloud, Tencent, and Huawei Cloud, to provide broader AI applications with consumer information services [5].

Core Viewpoint - The digital media sector experienced a rise of 0.83% on August 22, with Zhuochuang Information leading the gains, while the overall market indices also showed positive performance [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3825.76, up by 1.45% [1] - The Shenzhen Component Index closed at 12166.06, up by 2.07% [1] Group 2: Individual Stock Performance - Zhuochuang Information (301299) closed at 68.21, with an increase of 2.88% and a trading volume of 38,700 shares, amounting to a transaction value of 262 million yuan [1] - Visual China (000681) closed at 21.92, up by 2.19% with a trading volume of 450,600 shares, totaling 98.36 million yuan [1] - ST Fanli (600228) closed at 4.70, increasing by 1.51% with a trading volume of 109,100 shares, amounting to 51.46 million yuan [1] - People's Daily Online (603000) closed at 22.01, up by 1.24% with a trading volume of 282,400 shares, totaling 619 million yuan [1] - Xinhua Net (603888) closed at 20.53, increasing by 1.13% with a trading volume of 141,900 shares, amounting to 290 million yuan [1] - Fantou Digital Creation (301313) closed at 27.32, up by 0.89% with a trading volume of 39,100 shares, totaling 106 million yuan [1] - Chuanwang Media (300987) closed at 19.64, increasing by 0.77% with a trading volume of 60,800 shares, amounting to 119 million yuan [1] - Zhi De Mai (300785) closed at 34.73, up by 0.75% with a trading volume of 78,700 shares, totaling 272 million yuan [1] - Zhangyue Technology (603533) closed at 21.38, increasing by 0.56% with a trading volume of 135,700 shares, amounting to 290 million yuan [1] - Fengyuzhu (603466) closed at 10.97, up by 0.18% with a trading volume of 198,500 shares, totaling 217 million yuan [1] Group 3: Capital Flow - The digital media sector saw a net inflow of 51.39 million yuan from main funds, while retail funds experienced a net inflow of 60.37 million yuan [1] - There was a net outflow of 112 million yuan from speculative funds in the digital media sector [1]

Market Overview - On August 21, the digital media sector experienced a slight decline of 0.06%, with Chuanwang Media leading the drop [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Stock Performance - Notable stock performances in the digital media sector included: - Xinhua Net (603888) closed at 20.30, up 1.05% with a trading volume of 132,300 shares and a turnover of 268 million yuan - Shining Star (002095) closed at 22.46, up 0.85% with a trading volume of 230,300 shares and a turnover of 521 million yuan - People's Daily (603000) closed at 21.74, up 0.74% with a trading volume of 187,900 shares and a turnover of 407 million yuan - Chuanwang Media (300987) closed at 19.49, down 1.22% with a trading volume of 78,100 shares and a turnover of 154 million yuan [1][2] Capital Flow - The digital media sector saw a net outflow of 120 million yuan from institutional investors, while retail investors contributed a net inflow of 113 million yuan [2] - The capital flow for specific stocks included: - People's Daily (603000) had a net inflow of 19.66 million yuan from institutional investors, while retail investors had a net outflow of 10.59 million yuan [3] - Xinhua Net (603888) experienced a net inflow of 16.98 million yuan from institutional investors, with a net outflow of 4.36 million yuan from retail investors [3] - Chuanwang Media (300987) had a net outflow of 18.30 million yuan from institutional investors, while retail investors had a net inflow of 9.26 million yuan [3]

Market Overview - On August 19, the digital media sector rose by 0.19% compared to the previous trading day, with Xinhua Net leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] Stock Performance - Xinhua Net (603888) closed at 20.08, up 1.31% with a trading volume of 185,800 shares and a transaction value of 373 million [1] - Visual China (000681) closed at 21.54, up 1.13% with a trading volume of 583,200 shares and a transaction value of 1.262 billion [1] - 365 Network (300295) closed at 15.13, up 1.00% with a trading volume of 99,500 shares and a transaction value of 151 million [1] - Other notable stocks include People's Daily (603000) at 21.67, up 0.51%, and Mango Super Media (300413) at 26.38, down 0.26% [1] Capital Flow - The digital media sector experienced a net outflow of 320 million from institutional investors, while retail investors saw a net inflow of 256 million [2] - The overall capital flow indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2] Individual Stock Capital Flow - Visual China saw a net inflow of 39.35 million from institutional investors, but a net outflow of 26.08 million from retail investors [3] - Xinhua Net had a net inflow of 6.04 million from institutional investors, with a net outflow of 9.31 million from retail investors [3] - People's Daily experienced a net outflow of 8.47 million from institutional investors, while retail investors contributed a net inflow of 21.97 million [3]

Group 1 - The controlling shareholder and actual controller of Zhida Mai, Sui Guodong, plans to reduce his shareholding by up to 5,965,657 shares, accounting for 3% of the total share capital, to repay pledged financing debts and for personal funding needs [1] - As of the latest report, Sui Guodong holds 73,042,476 shares, representing 36.73% of the total share capital, and 22,230,000 shares are pledged, which is 11.18% of the total share capital [1] - The second-largest shareholder, Liu Feng, has 3,380,000 shares pledged, bringing the total pledged shares of both shareholders to 12.88% of the total share capital [1] Group 2 - Zhida Mai raised a total of 378.93 million yuan from its initial public offering, with a net amount of 329.99 million yuan after expenses [2] - The company aimed to raise 33 million yuan for the upgrade of its personalized technology platform based on big data [2] - The total expenses for the issuance amounted to 48.93 million yuan, including underwriting and sponsorship fees of 33 million yuan [2] Group 3 - In 2020, Zhida Mai raised 728 million yuan through a private placement, issuing 8,196,437 shares at a price of 88.88 yuan per share [3] - The actual net amount raised from this issuance was approximately 713 million yuan after deducting various fees [3] - The funds raised were deposited in a dedicated account, and a tripartite supervision agreement was signed with the underwriter and the bank [3] Group 4 - The total amount raised by Zhida Mai from the two fundraising activities is 1.107 billion yuan [4]

格隆汇8月18日丨值得买(300785.SZ)公布，持有公司股份73,042,476股(占公司总股本比例36.73%)的控股 股东、实际控制人隋国栋先生计划在自公告披露之日起十五个交易日后的3个月内以集中竞价方式或大 宗交易方式减持公司股份不超过5,965,657股(占公司总股本比例3%)。 ...

人民财讯8月18日电，值得买（300785）8月18日晚间公告，持股36.73%的控股股东、实际控制人隋国 栋计划十五个交易日后的3个月内，以集中竞价方式或大宗交易方式减持公司股份不超过596.57万股(占 公司总股本的3%)。 ...