证券代码：300860 证券简称：锋尚文化 公告编号：2025-030 锋尚文化集团股份有限公司 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。 特别提示： 一、会议召开和出席情况 召开地点：北京东城区青龙胡同一号歌华大厦 A 座 16 层公司会议室 召开方式：本次会议采取现场表决与网络投票相结合的方式 召集人：公司董事会 主持人：公司董事长沙晓岚先生 除回购账户中的股份）。 其中：出席现场会议的股东及股东授权委托代表 5 人，代表的股份总数 股东授权委托代表 98 人，代表的股份总数 1,011,978 股，占公司有表决权股份 总数的 0.5370%。 出席本次股东大会的中小股东及股东授权委托代表 100 人，代表的股份 律师现场出席了本次股东大会，并对会议进行见证。 性文件和《公司章程》的规定。 二、 议案审议表决情况 本次股东大会采取现场投票与网络投票相结合的方式。 表决情况：同意 122,991,933 股，占出席本次股东大会有效表决权股份总数 的 99.8082%；反对 227,372 股，占出席本次股东大会有效表决权股份总数的 东大会有效表决权股份 ...

联系地址：北京市东城区青龙胡同 1 号歌华大厦 A 座 16 层 证券代码：300860 证券简称：锋尚文化 公告编号：2025-029 锋尚文化集团股份有限公司 关于证券事务代表辞职暨聘任证券事务代表的公告 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 锋尚文化集团股份有限公司（以下简称"公司"或"锋尚文化"）董事会于 近日收到证券事务代表勾雅鑫女士提交的书面辞职报告，勾雅鑫女士因个人原因 辞去公司证券事务代表职务。上述辞职报告自送达公司董事会之日起生效。 勾雅鑫女士在担任公司证券事务代表期间恪尽职守、勤勉尽责，公司对勾雅 鑫女士在任职期间为公司所做的贡献表示衷心感谢！ 公司于 2025 年 5 月 12 日召开第四届董事会第九次会议，审议通过了《关于 聘任公司证券事务代表的议案》，同意聘任丛嘉志先生为公司证券事务代表（简 历详见附件），任期自本次董事会审议通过之日起至第四届董事会届满。 丛嘉志先生已取得深圳证券交易所颁发的《上市公司董事会秘书培训证明》， 具备担任证券事务代表所需的专业知识。其任职资格符合《中华人民共和国公司 法》《 ...

北京市中咨律师事务所 致：锋尚文化集团股份有限公司 北京市中咨律师事务所（以下简称"本所"）接受锋尚文化集团股份有限公 司（以下简称"锋尚文化"或"公司"）委托，指派彭亚峰、冯昊君律师（以下 简称"承办律师"）担任锋尚文化于2025年5月12日召开的2024年年度股东大会 （以下简称"本次股东大会"）的特别法律顾问，出席会议，并出具本法律意见 书。 本法律意见书系依据《中华人民共和国证券法》（以下简称"证券法"）、 《中华人民共和国公司法》（以下简称"公司法"）、中国证券监督管理委员会 《上市公司股东会规则》（以下简称"股东会规则"）、《上市公司证券发行注 册管理办法》（以下简称"发行注册管理办法"）、《深圳证券交易所创业板股 票上市规则》（以下简称"上市规则"）等法律、行政法规和规范性文件以及《北 京锋尚文化传媒集团股份有限公司章程》（以下简称"公司章程"），并结合《锋 尚文化集团股份有限公司第四届董事会第七次会议决议公告》、《锋尚文化集团 股份有限公司第四届董事会第八次会议决议公告》、《锋尚文化集团股份有限公 司关于召开2024年年度股东大会的通知》、《锋尚文化集团股份有限公司关于公 司2024年年度股东 ...

证券代码：300860 证券简称：锋尚文化 公告编号：2025-030 锋尚文化集团股份有限公司 2024 年年度股东大会决议公告 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。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开时间：2025 年 5 月 12 日下午 14:00 召开地点：北京东城区青龙胡同一号歌华大厦 A 座 16 层公司会议室 召开方式：本次会议采取现场表决与网络投票相结合的方式 召集人：公司董事会 主持人：公司董事长沙晓岚先生 2、出席本次股东大会的股东及股东授权委托代表 103 人，代表股份 123,228,337 股，占公司有表决权股份总数的 65.3902%。（公司表决权数量已扣 除回购账户中的股份）。 特别提示： 1、本次股东大会未出现否决议案的情形； 其中，中小股东表决结果：同意 775,714 股，占出席会议中小股东所持股份 的 76.6426%；反对 227,372 股，占出席会议中小股东所持股份的 22.4650%；弃 权 9,032 股（其中，因未投票默认弃权 5,800 股） ...

锋尚文化集团股份有限公司 第四届董事会第九次会议决议公告 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：2025-028 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《关于聘任公司证券事务代表的议案》 公司董事会同意聘丛嘉志先生为证券事务代表，协助董事会秘书履行职责， 任期自本次会议审议通过之日起至第四届董事会届满之日止。具体内容详见公司 于同日披露在巨潮资讯网（www.cninfo.com.cn）的相关公告。 表决结果：7 票赞成、0 票反对、0 票弃权，0 票回避表决。 三、备查文件 1、第四届董事会第九次会议决议； 锋尚文化集团股份有限公司（以下简称"公司"或"锋尚文化"）第四届董 事会第九次会议通知及会议材料已于 2025 年 5 月 7 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 2025 年 5 月 12 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。独 ...

Investment Rating - The investment rating for the company is "Accumulate" [1][3] Core Views - The company reported a decrease in revenue and profit for the year 2024, with total revenue of RMB 579 million, down 14.42% year-on-year, and a net profit attributable to shareholders of RMB 41.77 million, down 68.94% year-on-year. The first quarter of 2025 showed a significant revenue increase of 171.12% year-on-year, indicating a potential recovery [3][8] - The report maintains an "Accumulate" rating, anticipating growth driven by the recovery of B&G market demand and the expansion of C-end business [5][8] Financial Summary - For 2024, the company achieved total revenue of RMB 579 million, with a year-on-year growth rate of -14.4%. The EBITDA was RMB 28 million, and the net profit attributable to shareholders was RMB 42 million, reflecting a significant decline [7][11] - The forecast for 2025 estimates revenue to be RMB 577 million, with a slight decrease of 0.3%, and a net profit of RMB 141 million, representing a growth of 237.2% compared to 2024 [7][11] - The company has a projected EPS of RMB 0.74 for 2025, with a P/E ratio of 34.3 times [5][11] Order Backlog and Market Position - As of the end of 2024, the company had an order backlog of approximately RMB 368 million, which has decreased from RMB 550 million at the end of 2023. This backlog includes RMB 87.88 million from large cultural performance projects and RMB 280 million from cultural tourism performance projects [8][11] - The company has demonstrated its competitive advantage in large event creative planning, successfully completing significant projects in 2024, and is focusing on expanding its C-end business to enhance overall business stability [8][11]

Financial Performance - The company achieved operating revenue of 57,918.77 million yuan, a decrease of 14.42% compared to the same period last year [3] - The net profit attributable to shareholders was 4,177.25 million yuan, down 68.94% year-on-year, primarily due to increased credit impairment losses and declining operating revenue [3] Project Updates - The opening ceremony project for the 2025 Asian Winter Games was successfully premiered on February 7, 2025, with a project amount of 8,788 million yuan, recognized in Q1 2025 [3] - The large-scale performance project "Dreaming Dazhong" is valued at 8,990 million yuan, with expected revenue recognition in Q2 2025 [3] C-end Business Operations - The company has several C-end operational projects, including: - "Sky632" located on the 126th floor of Shanghai Tower, with a 60% ownership stake [4] - "Xianghu Yuyun" in Hangzhou, with a 75% ownership stake, set to premiere on June 30, 2024 [4] - "On the Sea of Qingdao" in Shandong, with a 30% ownership stake, scheduled to premiere on July 12, 2024 [5] - The focus on C-end business is expected to provide more opportunities and enhance business stability and sustainability [5] Strategic Initiatives - The company plans to expand its business scope to include import and export activities, responding to the "cultural going global" strategy [5] - The company is actively exploring the integration of AI and performance arts, considering strategic mergers and acquisitions to diversify its business [9] Financial Management - The company has accumulated cash dividends of 193 million yuan and share repurchases of 100 million yuan from 2020 to 2024 [11] - As of December 31, 2024, the accounts receivable amounted to 613 million yuan, with a bad debt provision of 307 million yuan, representing a provision rate of approximately 50.08% [12] Shareholder Engagement - The company plans to offer limited edition performance tickets for specific cultural tourism projects as a gesture of appreciation to shareholders [11] - As of April 18, 2025, the number of shareholders was 14,419 [16]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company experienced a significant revenue increase in Q1 2025, driven by the completion of the Harbin Winter Games project, which contributed 87.88 million yuan to revenue. The net loss for Q1 2025 was reduced by 77.58% year-on-year [4] - The company is optimistic about the continuous expansion of its C-end projects, which are expected to provide growth opportunities [4] Financial Performance Summary - In 2024, the company's operating revenue was 579 million yuan, a decrease of 14.42% year-on-year, while the net profit attributable to the parent company was 41.77 million yuan, down 68.94% year-on-year. For Q1 2025, the operating revenue was 94 million yuan, an increase of 171.12% year-on-year, with a net loss of 1.32 million yuan [4][5] - The company forecasts net profits for 2025-2027 to be 117 million, 168 million, and 204 million yuan respectively, with corresponding EPS of 0.61, 0.88, and 1.07 yuan [4][7] Revenue Structure and Profitability - The revenue from large-scale performance activities in 2024 was 217 million yuan, a decrease of 52.06% year-on-year, while the revenue from cultural tourism performances was 352 million yuan, an increase of 65.45% year-on-year, accounting for 60.83% of total revenue [5] - The gross profit margin for cultural tourism performances was 34.22%, showing a slight decrease of 0.96 percentage points year-on-year [5] Order Backlog and Technological Innovation - As of the end of 2024, the company had a total order backlog of 368 million yuan, including several significant projects [6] - The company is leveraging innovative technologies such as motion capture and 3D displays to enhance its performance offerings, which is expected to improve the immersive experience [6] Valuation Metrics - The company's projected P/E ratios for 2025, 2026, and 2027 are 40.4, 28.2, and 23.2 respectively, indicating a potential for valuation improvement as earnings grow [7]

Financial Performance - The company reported a basic earnings per share of -0.0100 yuan for Q1 2025, an improvement of 66.67% compared to -0.0300 yuan in Q1 2024 [1] - The total revenue for Q1 2025 was 0.94 billion yuan, representing a significant increase of 168.57% from 0.35 billion yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.01 billion yuan, showing an improvement of 83.33% from -0.06 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 was -0.04%, an improvement of 77.78% compared to -0.18% in Q1 2024 [1] Shareholder Information - The top ten unrestricted shareholders collectively hold 55.8497 million shares, accounting for 49.9% of the circulating shares, with a decrease of 3.9755 million shares from the previous period [2] - Notable shareholders include Sha Xiaolan with 20.1102 million shares (17.97%), and Xizang Shenglan Cultural Communication Partnership with 16.8378 million shares (15.05%), both remaining unchanged [3] - The report indicates that several shareholders have exited the top ten list, including Jianxin Fund and Hong Kong Central Clearing Limited [3] Dividend Policy - The company has announced that it will not distribute dividends or bonuses this time [4]

证券代码：300860 证券简称：锋尚文化 公告编号：2025-026 锋尚文化集团股份有限公司 关于公司 2024 年年度股东大会增加临时议案 暨股东大会补充通知的公告 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。 3、会议召开的合法、合规性：本次股东大会会议的召开符合上市公司相关 法律、行政法规、部门规章、规范性文件和公司章程的有关规定 锋尚文化集团股份有限公司（以下简称"公司"）董事会决定于2025年5 月12日召开公司2024年年度股东大会，并于2025年4月19日在巨潮资讯网披露了 《关于召开2024年年度股东大会的通知》（公告编号：2025-019）。 公司于 2025 年 4 月 24 日召开第四届董事会第八次会议，审议通过《关于 增加经营范围、修改公司章程及进行工商登记变更的议案》，尚需提交公司股东 大会审议。同日，为提高会议效率，减少召开会议的成本，直接持有公司股份 42.13%的公司控股股东、实际控制人沙晓岚先生向公司董事会提交《关于公司 2024 年年度股东大会增加临时提案的提案函》，书面提请将《关于增加经营范 围、修改公司章程及进行 ...