本次会议在任何情形下都不构成对会议参加者的投资建议华新证券不对任何人因使用会议内容而引致的任何损失承担任何责任 未经华欣证券事先书面许可任何机构或个人严禁以任何形式将会内容和相关信息对外公布转发转载传播复制编辑修改解读等涉嫌违反上述情形的本公司保留追究其法律责任的权利 好的 谢谢小秘书 各位下午好我是华尽传媒的珠珠那今天欢迎大家参加我们的会议那今天非常荣幸邀请到的是风尚文化300860公司的领导李勇总以及嘉志总来答一解惑那咱们今天的会议直接进入到问答环节参会的领导们如果有任何问题欢迎文字留言提问那接下来我们就直接进入到问答环节 李总和佳芝总能听得见吗喂小秘书麻烦外汇一下李永总掉线了稍等一下 好的联系上了李总了吗 好的好的 林总现在在线了吗 佳芝总在吗在线了在线了好的好的那因为丰盛文化在亚运会期间关注度非常高公司在新的技术端也是做了很多的案例分享那接下来我们就直接进入到问答环节那我的第一个问题就是关于公司的主业现在来看的话就大型的文艺活动和文旅演艺那现在已经步入到了2024年 能不能有请领导跟我们分享一下目前整个主页端的一个进展是怎么样的因为文旅你在23年在后疫情之下还是恢复比较好的那这个部分在24年有没有可能 ...

Investment Rating - The report maintains a "Buy" rating for the company, with an expected performance relative to the market index of 5% to 15% increase [4][16]. Core Insights - The company has a strong order backlog, with a total of 900 million yuan in hand orders as of the end of Q1 2024, indicating robust future revenue potential [2][4]. - The company is actively expanding its C-end projects, including the launch of the LIVE brand and various significant cultural events, which are expected to drive revenue growth [2][24]. - The company reported a significant increase in revenue and net profit for 2023, with revenue reaching 677.8 million yuan, a year-on-year growth of 111.46%, and net profit of 134.48 million yuan, a year-on-year increase of 813.92% [9][16]. Financial Performance Summary - For 2024-2026, the company is projected to achieve revenues of 862.17 million yuan, 1.00889 billion yuan, and 1.12892 billion yuan, respectively, with corresponding net profits of 217.44 million yuan, 264.75 million yuan, and 307.46 million yuan [4][12]. - The company's gross margin improved to 37.37% in 2023, an increase of 11.66 percentage points year-on-year, while the net margin rose to 19.56%, up 16.97 percentage points [11][24]. - The company’s earnings per share (EPS) are forecasted to be 1.59 yuan, 1.93 yuan, and 2.24 yuan for 2024, 2025, and 2026, respectively, with price-to-earnings (P/E) ratios of 23, 19, and 16 [4][12]. Business Recovery and Growth - The company has seen a significant recovery in its business operations, benefiting from the rapid recovery of the tourism and entertainment sectors, with a notable increase in project deliveries [24]. - Major projects completed in 2023, including the Hangzhou Asian Games, contributed to a substantial increase in revenue from large cultural performances, which reached 453 million yuan, a growth of 74.22% [24]. - The cultural tourism segment also performed well, generating 213 million yuan in revenue, a remarkable increase of 514.45% year-on-year [24].

证券代码：300860 证券简称：锋尚文化 公告编号：2024-035 锋尚文化集团股份有限公司 关于回购公司股份进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 锋尚文化集团股份有限公司（以下简称"公司"）于2024 年 2 月 8 日召开 第三届董事会 2024 年第一次临时会议、第三届监事会第十六次会议及 2024 年 2 月 29 日召开 2024 年第二次临时股东大会，分别审议通过了《关于回购公 司股份方案的议案》，同意公司使用自有资金通过集中竞价方式回购部分社会 公众股，回购的股份将全部用于实施股权激励计划或员工持股计划。回购股份 价格不超过人民币 65.49 元/股，回购资金总额不低于人民币 5,000 万元且不 超过人民币 10,000 万元（均含本数）。具体回购股份数量以回购期限届满时 实际回购的股份数量为准。回购股份期限为公司股东大会审议通过回购股份方 案之日起 12 个月。具体内容详见披露于 2024 年 3 月 11 日的《回购报告书》（公 告编号：2024-025）等相关公告。 根据《上市公司股份回购规则》《深圳证券交 ...

| --- | |-----------------------| | | | | | | | 月 25 日 公司点评 | | | | 增持/维持 | 锋尚文化(300860) 目标价:47.25 昨收盘:41.66 公司点评 报告标题 P2 2.60/3.12/3.50 亿元，对应增速 93.1%/20.2%/12.2%。维持公司"增持"评 级。 ◼ 盈利预测和财务指标 2023 2024E 2025E 2026E 营业收入（百万元） 677 865 1006 1158 营业收入增长率(%) 111.46% 27.78% 16.29% 15.13% 归母净利（百万元） 134 260 312 350 净利润增长率(%) 813.92% 93.14% 20.21% 12.15% 摊薄每股收益（元） 0.98 1.89 2.28 2.55 市盈率（PE） 42.5 22.0 18.3 16.3 资料来源：iFind，太平洋证券研究院，注：摊薄每股收益按最新总股本计算 公司点评 报告标题 P3 公司点评 2、公司评级 公 司 研 究 传媒互联网 在手订单储备丰富，积极探索"低空/虚拟现实+演艺" | --- | ...

证券代码：300860 证券简称：锋尚文化 公告编号：2024-033 锋尚文化集团股份有限公司 第三届监事会第十八次会议决议公告 表决结果：3 票赞成、0 票反对、0 票弃权，0 票回避表决。 三、备查文件 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 一、监事会会议召开情况 锋尚文化集团股份有限公司（以下简称"公司"或"锋尚文化"）第三届监 事会第十八次会议通知及会议材料已于 2024 年 4 月 19 日以邮件的形式送达公司 全体监事。本次会议于 2024 年 4 月 24 日上午 11:00 在公司会议室召开。会议由 监事会主席李建召集并主持，应出席监事 3 名，实际出席监事 3 名，董事会秘书 列席了会议。本次监事会会议的召集、召开和表决程序符合《公司法》和《公司 章程》等有关规定。 二、监事会会议审议情况 本次会议经过与会监事的认真讨论，投票表决，形成如下决议： 1、审议通过《2024 年第一季度报告》 监事会认为，《2024 年第一季度报告》的程序符合法律、行政法规和中国 证监会相关规范性文件的规定，报告内容真实、准确、完整地反映了公司的实际 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥34,535,255.35, representing a 109.37% increase compared to ¥16,494,467.20 in the same period last year[5] - The net profit attributable to shareholders was -¥5,864,567.47, a decrease of 74.37% from -¥3,363,267.97 year-on-year[5] - The net profit for Q1 2024 was a loss of ¥6,688,552.95, compared to a loss of ¥3,978,014.85 in Q1 2023, reflecting a deterioration in profitability[38] - The total operating costs rose to ¥58,314,154.87, up 44.4% from ¥40,390,365.07 in Q1 2023, with operating costs specifically increasing from ¥13,210,055.25 to ¥30,832,227.30[37] - The total comprehensive income for Q1 2024 was -¥6,688,552.95, compared to -¥3,978,014.85 in the previous year[38] - The company's diluted earnings per share for Q1 2024 was -¥0.04, unchanged from the previous year[5] - The company reported a basic and diluted earnings per share of -¥0.04, worsening from -¥0.02 in Q1 2023[38] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 1,079.49%, reaching ¥15,701,460.63 compared to -¥1,603,021.65 in the previous year[5] - Cash and cash equivalents at the end of the period are RMB 756.395 million, slightly down from RMB 764.017 million at the beginning of the period[33] - The cash flow from operating activities generated a net inflow of ¥15,701,460.63, a recovery from a net outflow of ¥1,603,021.65 in the previous year[41] - The cash flow from investing activities showed a net inflow of ¥2,996,578.54, down from ¥54,867,149.47 in Q1 2023[41] - The cash flow from financing activities resulted in a net outflow of ¥18,739,011.58, compared to a net outflow of ¥23,570,608.20 in the same period last year[42] - The company’s cash and cash equivalents decreased by 1.00% to ¥756,394,669.34 compared to the end of the previous year[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 13,079[14] - The largest shareholder, Sha Xiaolan, holds 41.89% of the shares, totaling 57,457,799 shares[14] - The second-largest shareholder, Wang Fangyun, holds 12.99% of the shares, totaling 17,812,500 shares[14] - The top three shareholders collectively hold 63.65% of the company's shares[14] - The company has a repurchase account holding 1,453,220 shares, representing 1.06% of the total shares[15] - The shareholder relationship indicates that Sha Xiaolan and Wang Fangyun are spouses, with Sha controlling 8.77% of the shares through a partnership[15] - The total number of shares held by the top ten unrestricted shareholders is 100,000,000 shares[15] Order Backlog and Contracts - The company had a backlog of orders amounting to ¥900 million as of March 31, 2024, with new contracts signed totaling ¥379 million in Q1 2024[9] - The gross margin for projects related to the 14th National Winter Games was notably low due to increased labor costs during the Spring Festival[9] - The company’s contract liabilities increased by 72.13% to ¥183,867,274.59, reflecting an increase in new project signings[10] - The company reported a significant increase in contract liabilities, rising to RMB 183.867 million from RMB 106.816 million, indicating growth in advance payments received[34] Changes in Stock Structure - The company’s stock structure changed, with restricted shares decreasing and unrestricted shares increasing to 80,487,984 after the lock-up release[27] - A total of 87,297,299 shares, accounting for 63.64% of the total share capital, were released from lock-up on February 26, 2024, with 30,844,575 shares available for public trading, representing 22.49% of the total share capital[25] - The total number of restricted shares decreased from 87,524,339 to 56,679,764 after the release of lock-up shares[27] - The company has not reported any changes in the number of shares due to lending or returning shares in the current period[17] Management and Corporate Governance - The company’s management personnel changes included the resignation of Vice President Wang Xuechen, who held 7,200 restricted shares[22] - The company has approved the cancellation of 478,800 restricted stocks that have been granted but not yet vested[30] - The company’s management confirmed compliance with regulations regarding the release of restricted shares and the repurchase of shares[25] - The company has not disclosed any new strategies or market expansions in this report[16] Subsidiary and Tax Benefits - The company’s subsidiary, Beijing Fengshang Interactive Entertainment Technology Co., Ltd., received the High-tech Enterprise Certificate, allowing it to enjoy a 15% corporate income tax rate for three years from 2023 to 2025[21] Total Assets and Liabilities - The company reported a total of ¥3,716,456,082.78 in total assets as of March 31, 2024, a slight increase of 0.12% from the end of the previous year[5] - The company's total liabilities as of March 31, 2024, are RMB 419.331 million, an increase from RMB 392.591 million at the beginning of the period[34] - The total equity attributable to the parent company is RMB 3.255 billion, a decrease from RMB 3.280 billion at the beginning of the period[35] - As of March 31, 2024, the total assets amount to RMB 3.716 billion, with current assets at RMB 3.386 billion and non-current assets at RMB 330.463 million[34]

锋尚文化集团股份有限公司（以下简称"公司"或"锋尚文化"）第三届董 事会 2024 年第二次临时会议通知及会议材料已于 2024 年 4 月 19 日以邮件的形 式送达公司全体董事、监事及高级管理人员。本次会议于 2024 年 4 月 24 日上午 10:00 在公司会议室召开。会议由董事长沙晓岚先生召集并主持，应出席董事 7 名，实际出席董事 7 名。董事于福申先生、苗培如先生、独立董事李仁玉先生、 张伟华先生、周煊先生采取通讯表决方式，公司监事和高级管理人员列席了本次 董事会。本次董事会会议的召集、召开和表决程序符合《公司法》和《公司章程》 等有关规定。 锋尚文化集团股份有限公司 第三届董事会 2024 年第二次临时会议决议公告 本公司及董事会全体成员保证信息披露的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 证券代码：300860 证券简称：锋尚文化 公告编号：2024-032 二、董事会会议审议情况 本次会议经过与会董事的认真讨论，投票表决，形成如下决议： 1、审议通过《2024 年第一季度报告》 锋尚文化集团股份有限公司 董事会 二〇二四年四月二十五日 董事会认 ...

证券代码：300860 证券简称：锋尚文化 公告编号：2024-031 锋尚文化集团股份有限公司 关于职工代表监事辞职暨补选职工代表监事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 一、关于职工代表监事辞职的情况 锋尚文化集团股份有限公司（以下简称"公司"）监事会于近日收到公司 职工代表监事马洁波先生的书面辞职报告。马洁波先生因个人原因，申请辞去 公司第三届监事会职工代表监事职务，辞职后将继续在公司担任其他职务。 马洁波先生原定任期为 2021 年 8 月 24 日至第三届监事会任期届满之日 （2024 年 8 月 23 日）止。截至本公告披露日，马洁波先生通过西藏晟蓝文化 传播合伙企业（有限合伙）间接持有公司 0.17%股份，不存在未履行的承诺事 项。其配偶及其他直系亲属未持有公司股份。 锋尚文化集团股份有限公司 监事会 二〇二四年四月十九日 附： 俞富文简历 马洁波先生在原定任期内和任期届满后六个月内，将继续遵守《深圳证 券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《上市 公司股东、董监高减持股份的若干规定》《上市公司董事 ...

财务费用率为-0.91%/同比+0.62pct。 2024年04月15日 � 证券研究报告|公司研究|公司点评 | --- | --- | --- | --- | |-------|----------------------------------------------------------------|---------------------------------------------|-------------| | | | | | | | | | | | | 锋尚文化（300860） | 投资评级 | 买入 | | | 在手订单充沛，C 端项目有望驱动新成长 | | 首次评级 | | | | 2024年04月12日 | | | | 以"文化+科技"为创意核心，打造独特中国文化名片。公司成立于 | 收盘价(元): | 35.69 | | | 2002 年 7 月，以创意设计为核心，将传统文化与现代科技相结合，业 | | | | | | 公司基本数据 | | | | 务范围涵盖大型文化演艺活动、文化旅游演艺、景观艺术照明及演 | 总股本(百万股) | 137.17 | | | 绎、虚拟演艺产品等 ...

证券代码：300860 证券简称：锋尚文化 公告编号：2024-030 锋尚文化集团股份有限公司 关于回购注销部分限制性股票减少注册资本 暨通知债权人的公告 | 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 | | --- | | 记载、误导性陈述或重大遗漏。 | 锋尚文化集团股份有限公司（以下简称"公司"）于 2024 年 3 月 8 日召开了 第三届董事会第五次会议和第三届监事会第十七次会议，审议通过了《关于回购 注销部分已授予但尚未解除限售的限制性股票的议案》，上述议案已经 2023 年 年度股东大会审议通过。 根据《2021 年激励计划》的规定，"激励对象因辞职、公司裁员而离职，激 励对象已获授但尚未解除限售的第一类限制性股票不得解除限售，由公司按授予 价格回购注销"，根据公司说明，本激励计划中首次授予的 5 名激励对象已因个 人原因已离职，不再具备激励对象资格，公司将其持有的已获授但尚未解除限售 的 1.0560 万股第一类限制性股票进行回购注销，本激励计划中预留授予的 1 名 激励对象已因个人原因离职，不再具备激励对象资格，公司将其持有的已获授但 尚未解除限售的 0.1800 ...