证券代码：300860 证券简称：锋尚文化 公告编号：2024-026 锋尚文化集团股份有限公司 关于首次回购公司股份的公告 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。 项发生之日或者在决策过程中至依法披露之日内； （2）中国证监会规定的其他情形。 锋尚文化集团股份有限公司（以下简称为"上市公司"或"公司"）拟使 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。若在股份回购完成后未能在相关法律法规规 定的期限内实施上述用途，未转让部分股份将依法予以注销。本次回购股份价 格上限为不超过人民币 65.49 元/股（含 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》《深圳证券交易所上 ...

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。 重要内容提示： 1 、 锋尚文化集团股份有限公司（以下简称为"上市公司"或"公司"）拟使用自有资金 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。若在股份回购完成后未能在相关法律法规规定的期限内实施上述用途，未转让 部分股份将依法予以注销。本次回购股份价格上限为不超过人民币 65.49 元/股（含 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。 2 、 本次回购方案已经 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审议通 过。 3 、公司已在中国证券登记结算有限责任公司深圳分公司开立了回购专用证券账户。 4 、相关风险提示： 证券代码：300860 证券简称 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the Shanghai Composite Index by more than 20% in the next six months [17]. Core Insights - The company reported a significant recovery in performance for 2023, with total revenue reaching 677.8 million yuan, a year-on-year increase of 111.46%. The net profit attributable to shareholders was 134.48 million yuan, up 813.92% from the previous year [5][11]. - The cultural performance segment saw rapid growth, with revenue of 453 million yuan, a 74.22% increase year-on-year. The company has a robust order backlog totaling 550 million yuan as of the end of 2023 [19][30]. - The company is actively expanding its presence in the cultural tourism sector, with a notable increase in revenue from C-end operations, which reached 213 million yuan, a 514.45% increase year-on-year [30]. Financial Performance Summary - In 2023, the company achieved a revenue of 677.8 million yuan, with a net profit of 134.48 million yuan, marking a significant turnaround from losses in the previous year [5][11]. - The company expects to continue this growth trend, projecting net profits of 259 million yuan, 310 million yuan, and 348 million yuan for 2024, 2025, and 2026, respectively [11][26]. - The report highlights a strong recovery in profitability, with the net profit margin expected to improve significantly over the next few years [11][26].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% relative to the benchmark index within the next 6 to 12 months [4]. Core Insights - The company has successfully completed significant national projects, enhancing its visibility and competitiveness. The current stock price reflects this achievement, and there is a strong focus on new consumer-end projects [1][6]. - The company has a robust order backlog, but uncertainties regarding the timelines and progress of large projects have led to a downward adjustment in profit forecasts [1][6]. - The company is expected to achieve substantial year-on-year growth in revenue and net profit, with a projected net profit of 134 million yuan in 2023, increasing to 254 million yuan in 2024 [1][8]. Financial Performance Summary - Revenue is forecasted to grow from 677 million yuan in 2023 to 1,011 million yuan by 2026, with a year-on-year growth rate of 111% in 2023 [1][8]. - Net profit is expected to rise from 134 million yuan in 2023 to 298 million yuan in 2026, reflecting a significant growth rate of 814% in 2023 [1][8]. - Earnings per share (EPS) are projected to increase from 0.98 yuan in 2023 to 2.17 yuan in 2026 [1][8]. Cash Flow Analysis - The operating cash flow is expected to be negative in 2023 at -42 million yuan, but it is projected to turn positive in subsequent years, reaching 604 million yuan by 2026 [3]. - The company anticipates a significant increase in cash earnings from 154 million yuan in 2023 to 597 million yuan in 2026 [3]. Key Financial Ratios - The gross profit margin is projected to improve from 37.37% in 2023 to 42.29% in 2026, indicating enhanced profitability [8]. - The return on equity (ROE) is expected to stabilize around 7% from 2024 onwards, reflecting efficient use of equity capital [8].

Investment Rating - The investment rating for the company is "Buy (Maintain)" with a target price of 60.00 CNY, based on a 20x PE for 2024 [14][25]. Core Insights - The company reported significant revenue growth, achieving 677 million CNY in operating income for 2023, a year-on-year increase of 111.46%, and a net profit of 134 million CNY, reflecting an 813.92% increase [4][12]. - The company has a robust order backlog of 5.5 billion CNY, which includes major projects such as the Qingdao Tangdao Bay Cultural Arts Center and the opening and closing ceremonies of the 14th Winter Games, expected to drive future revenue [12][25]. - The company is expanding its C-end operations, with projects like the Shanghai 632 project and the live performance "Xianghu·Yayun" expected to contribute to stable revenue growth [5][24]. Financial Summary - The company’s financial projections for 2024-2026 indicate expected revenues of 1.1 billion CNY, 1.3 billion CNY, and 1.56 billion CNY, with year-on-year growth rates of 64%, 17%, and 20% respectively [25]. - The projected net profits for the same period are 280 million CNY, 388 million CNY, and 429 million CNY, with growth rates of 108%, 39%, and 11% respectively [25]. - The earnings per share (EPS) are forecasted to be 2.04 CNY, 2.83 CNY, and 3.13 CNY for 2024, 2025, and 2026 respectively [6][25]. Market Performance - The company’s stock price has shown a relative performance trend against the CSI 300 index, with fluctuations observed from March 2023 to March 2024 [7].

Financial Performance - The company's operating revenue for 2023 reached ¥676,778,490.54, representing a 111.46% increase compared to ¥320,051,784.73 in 2022[18]. - Net profit attributable to shareholders surged to ¥134,479,505.17, an increase of 813.92% from ¥14,714,520.81 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥70,982,814.04, a significant recovery from a loss of ¥70,813,307.97 in 2022, marking a 200.24% improvement[18]. - The basic and diluted earnings per share both increased to ¥0.98, up 790.91% from ¥0.11 in 2022[18]. - The total assets at the end of 2023 were ¥3,712,062,451.56, a decrease of 3.70% from ¥3,854,513,021.52 at the end of 2022[18]. - The net assets attributable to shareholders increased by 2.54% to ¥3,280,125,403.48 from ¥3,198,916,195.90 in 2022[18]. - The company reported a negative net cash flow from operating activities of ¥41,777,227.70, a decline of 333.08% compared to a positive cash flow of ¥17,923,766.56 in 2022[18]. - In Q4 2023, the company achieved a net profit of ¥75,834,504.82, contributing significantly to the annual performance[20]. - The company achieved a total revenue of 676.78 million yuan in 2023, an increase of 111.46% year-on-year, and a net profit of 132.35 million yuan, up by 12.7% compared to the previous year[49]. Dividend and Capital Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares (including tax) to all shareholders, with a capital reserve increase of 4 shares for every 10 shares held[3]. - The total cash dividend amount, including other methods, is RMB 131,842,291.70, which accounts for 100% of the total profit distribution[165]. - The company has a clear and transparent cash dividend policy that complies with legal regulations and shareholder agreements[164]. - The company plans to distribute cash dividends of no less than 10% of the distributable profits achieved in the current year[190]. - In mature development stages without significant capital expenditures, cash dividends should account for at least 80% of profit distribution; with significant expenditures, this should be at least 40%[190]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured that all board members attended the meeting to review the annual report[3]. - The company has a comprehensive governance structure in place to oversee its operations and ensure accountability[4]. - The company has established a robust internal control system to ensure compliance and enhance operational efficiency[180]. - The company has implemented a performance evaluation system for individual incentive objects, categorizing results into four levels: excellent, good, qualified, and unqualified[177]. - The company has established a comprehensive training system to enhance employee skills and support strategic goals[162]. Market and Growth Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and strategies[3]. - The company is positioned to benefit from the ongoing recovery in domestic tourism, with a high consumer travel willingness of 91.86% throughout 2023[30]. - The company is actively pursuing commercial performance projects, shifting from a passive to an aggressive approach in securing business opportunities in the cultural performance sector[38]. - The company aims to integrate high-tech solutions into cultural creative products, driving innovation in design and dissemination methods[32]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of 100 million RMB set aside for strategic investments[135]. Research and Development - Research and development expenses increased by 3.39% to ¥38,657,646.25, reflecting a rise in investment in R&D projects[85]. - The company is developing multiple new technologies, including a lightweight mobile stage performance system and a multi-person shadow puppet device, with several patents pending[86]. - The company aims to enhance the reliability and performance of its LED display systems, with ongoing patent applications to improve stage effects[86]. - Ongoing research and development efforts are focused on advanced lighting technologies, with an investment of 50 million RMB allocated for the upcoming year[135]. Risk Management - The company has outlined potential risks in its future development outlook, which can be found in the management discussion and analysis section[3]. - The company faces risks related to the execution of major national projects, which are crucial for revenue generation and require high levels of creativity and security[119]. - The competitive landscape in the cultural and creative industry is intensifying, with increased market entry from new players, particularly in the mid-to-low-end market[119]. Employee and Management - The total number of employees at the end of the reporting period is 304, with 267 being technical personnel[160]. - The total remuneration for directors, supervisors, and senior management amounted to CNY 1,009.76 million during the reporting period[149]. - The company has a performance-based remuneration system linked to annual operational efficiency and individual contributions[147]. - The company has incentivized its core team of 95 members through equity incentives, covering 31.25% of its total workforce as of the end of 2023, to enhance talent retention and motivation[47]. Technology and Innovation - The company completed the AR production for the opening and closing ceremonies of the Hangzhou 2022 Asian Games, showcasing its capabilities in virtual performance products[41]. - The integration of AR technology in the Hangzhou Asian Games allowed over 100 million people to participate in the virtual torch relay, showcasing the company's innovative capabilities[70]. - The company has developed a virtual performance cloud platform and is focusing on virtual performance products as a key area for future business development[72]. Strategic Partnerships and Contracts - The company signed contracts totaling 373 million yuan for major projects, including the 14th Winter Games opening and closing ceremonies, indicating strong sales expansion efforts[50]. - The company has established partnerships with three major event organizers to secure contracts worth 300 million RMB over the next three years[135]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[135]. - The company plans to optimize its revenue structure by creating self-operated cultural tourism projects, targeting ordinary consumers (To C) for increased business stability[116]. - The company aims to expand its investment and acquisition activities in the C-end market, which is expected to be a significant area of focus[118].

锋尚文化集团股份有限公司 2023 年度 非经营性资金占用及其他关联资金往来的 专项说明 索引 页码 专项说明 联系申话: 北京市东城区朝阳门北大街 信永中和会计师事务所 8 号富华大厦 A 座 9 房 ertified public accountants nachena District. Belling 关于锋尚文化集团股份有限公司 2023 年度非经营性资金占用及其他关联资金往来的专项说明 XYZH/2024BJAA7F0006 锋尚文化集团股份有限公司 锋尚文化集团股份有限公司全体股东: 非经营性资金占用及其他关联资金往来情况汇总表 1 我们按照中国注册会计师审计准则审计了锋尚文化集团股份有限公司(以下简称锋 尚文化公司)2023年度财务报表,包括 2023年12月31日的合并及母公司资产负债表、 2023 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变 动表以及财务报表附注,并于 2024年 3 月 8 日出具了 XYZH/2024BJAA7B0005 号无保留 意见的审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号 -- 上市公司资金往来、 对外担保的 ...

证券代码：300860 证券简称：锋尚文化 公告编号：2024-018 锋尚文化集团股份有限公司 关于 2024 年度日常关联交易预计的公告 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3月8日召开第三 届董事会第五次会议、第三届监事会第十七次会议审议通过了《关于2024年度日 常关联交易预计的议案》，现将具体情况公告如下： 1 一、日常关联交易基本情况 （一）日常关联交易概述 因日常业务开展需要，公司预计公司及其下属子公司2024年度将与关联方北 京北特圣迪科技发展有限公司（以下简称"北特圣迪"）发生购买产品、商品， 接受劳务等日常关联交易，预计总金额不超过人民币8,000万元，具体交易合同由 交易双方根据实际发生情况在预计金额范围内签署。 （二）审议情况 2024年3月8日召开第三届董事会第五次会议、第三届监事会第十七次会议 审议通过了《关于2024年度日常关联交易预计的议案》，关联监事李建先生回 避表决。 本次关联交易事项在公司董事会决策权限范围内，无需提交股东大会审议。 本次关联交易不构成《 ...

证券代码：300860 证券简称：锋尚文化 公告编号：2024-015 锋尚文化集团股份有限公司 第三届董事会第五次会议决议公告 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 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 事会第五次会议通知及会议材料已于 2024 年 2月 27 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 3 月 8 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。 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、审议通过公司《2023 年度董事会工作报告》 具体内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn）刊登的 《2023 年度董事会工作 ...

证券代码：300860 证券简称：锋尚文化 公告编号：2024-020 锋尚文化集团股份有限公司 关于作废部分已授予但尚未归属的限制性股票的公告 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"或"锋尚文化"，曾用名"北 京锋尚世纪文化传媒股份有限公司"） 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《关于作废部分已授予但 尚未归属的限制性股票的议案》，根据《上市公司股权激励管理办法》（以下简 称"《管理办法》"）及公司《2021 年限制性股票激励计划》（以下简称"《激 励计划》"）等相关规定，公司拟将部分激励对象已获授但尚未归属的第二类限 制性股票共计 47.8800 万股进行作废。现将有关事项说明如下： 一、股权激励计划的决策程序和批准情况 （一）2021 年 10 月 22 日，公司第三届董事会 2021 年第三次临时会议审议 通过了《关于<北京锋尚世纪文化传媒股份有限公司 2021 年限制性股票激励计 划（草案）>及其摘要的议案》、《关于制订<北京锋尚世纪 ...