Core Viewpoint - The animated film "The Starry Sky of the Three Kingdoms Part 1," produced by Guomai Culture, has received good reviews but has underperformed at the box office, leading to a significant drop in the company's stock price [1][2]. Group 1: Film Performance - The film has grossed approximately 80 million yuan, with over 2 million viewers and ratings of 9.4 on Maoyan and 7.2 on Douban, indicating a satisfactory reputation [1][2]. - The company attributes the film's poor box office performance to factors such as inappropriate release timing, a potentially short promotional period, and the product not being a blockbuster [1][2]. Group 2: Marketing and Audience - The promotional campaign for the film began in September, but the "want to see" index was low before its release, leading to a decline in box office revenue post-release [2]. - The film is primarily targeted at middle and primary school students, positioning it as an "educational product," which may not align with the viewing preferences during the National Day holiday [1][2]. Group 3: Future Plans - Guomai Culture is considering re-releasing or remaking the film to leverage its existing positive reviews and enhance promotional efforts, aiming to explore the long-term value of the "educational product" [2]. - The company plans to invest 40 million yuan in the film, with an additional 10 million yuan from Tingdong Film, as part of a collaborative production effort [2][3]. - Future sequels are planned, including "The Starry Sky of the Three Kingdoms: Red Cliffs," which focuses on the Battle of Red Cliffs and features well-known characters, indicating a strong potential for audience interest [3].

Core Viewpoint - The company, Guomai Culture, reassures investors that its operations remain normal despite concerns over losses from the film "Three Kingdoms: The Starry Sky." The management expresses confidence in the company's long-term development and plans to enhance its core competitiveness across multiple dimensions [2]. Group 1: Company Operations - The film "Three Kingdoms: The Starry Sky Part One" is still in theaters, and specific performance details will be disclosed in future announcements [2]. - The management emphasizes that the company is operating normally and is confident in its long-term development [2]. Group 2: Business Strategy - The company aims to strengthen its core competitiveness by accurately understanding market trends and reader demands, thereby building competitive barriers and enriching its product matrix [2]. - The AI proofreading service, "AI Proofreading King," has been successfully commercialized, providing efficient proofreading services to publishing units and accumulating industry reputation and market share [2]. - Future plans include expanding AI technology applications to news, legal, and official document proofreading, creating an AI proofreading ecosystem [2]. Group 3: Technological Advancements - The company has launched the "Book World Intelligent Publishing Platform," which offers a comprehensive solution covering all aspects of publishing, including planning, topic selection, editing, production, and marketing, aimed at improving industry efficiency [2]. - Continuous efforts are being made in AI comic creation, leveraging technology to empower the entire content production process [2].

Core Viewpoint - The article highlights the increasing frequency of correction announcements by A-share listed companies, indicating a need for improved accuracy in information disclosure. The introduction of the "AI校对王（公告版）" tool aims to enhance the reliability of these disclosures by utilizing advanced AI technology [1]. Group 1: Industry Context - In the first three quarters of 2025, A-share listed companies issued a total of 1,271 correction announcements, reflecting a significant issue with information disclosure accuracy [1]. - The need for a "safety rope" for personnel involved in information disclosure is emphasized, suggesting that current practices may be inadequate [1]. Group 2: Company Initiative - Guomai Culture (301052) has partnered with "投关易" to launch the "AI校对王（公告版）," a sophisticated AI proofreading tool designed specifically for listed companies [1]. - The "AI校对王（公告版）" employs advanced large model technology and has been trained on all correction announcements and legal regulations, adhering to the strictest publishing proofreading standards [1]. - The tool includes practical features such as "electronic signature" and regulatory query functions, making it user-friendly for companies [1].

Core Viewpoint - Guomai Culture conducted a review of the film "The First Part of the Stars of the Three Kingdoms," identifying key issues related to its release strategy and audience targeting [1] Group 1: Film Release Strategy - The company believes the film's release timing was inappropriate, as its primary audience consists of middle and primary school students, making the National Day holiday unsuitable for attracting viewers [1] - The promotional period was deemed too short, with marketing starting in September and lacking a foundation from previous works, leading to a low "want to watch" index before the film's release [1] Group 2: Product Quality and Audience Experience - The film may not be a blockbuster due to unclear genre positioning and the team's insufficient experience, resulting in a subpar user experience [1] - Following the current release, there is potential for re-releases or remakes to enhance product quality and marketing efforts, leveraging existing audience feedback [1] Group 3: Future Plans and Revenue Streams - The company plans to explore streaming versions, overseas revenue, and IP derivative income once the new film plans are finalized [1]

Market Overview - The publishing sector increased by 0.01% compared to the previous trading day, with Rongxin Culture leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up by 1.22%, while the Shenzhen Component Index closed at 13118.75, up by 1.73% [1] Individual Stock Performance - Rongxin Culture (301231) closed at 23.70, with a rise of 2.20% and a trading volume of 24,500 lots, amounting to a transaction value of 57.44 million [1] - Tianzhou Culture (300148) closed at 4.57, up by 1.78%, with a trading volume of 197,600 lots and a transaction value of 89.65 million [1] - Zhongwen Online (300364) closed at 25.59, increasing by 1.31%, with a trading volume of 259,400 lots and a transaction value of 654 million [1] - Other notable stocks include Guomai Culture (301052) at 46.20 (+1.09%) and Yuedu Media (002181) at 8.24 (+0.73%) [1] Capital Flow Analysis - The publishing sector experienced a net outflow of 41.87 million from institutional investors, while retail investors saw a net inflow of 23.18 million [2] - The net inflow from speculative funds was 18.69 million [2] Detailed Capital Flow for Selected Stocks - Zhongyuan Media (000719) had a net outflow of 12.14 million from institutional investors, with a retail net outflow of 17.89 million [3] - Zhongwen Online (300364) saw a net inflow of 10.05 million from institutional investors, but a net outflow of 7.53 million from retail investors [3] - Publishing Media (601999) had a net inflow of 5.02 million from institutional investors, while retail investors experienced a net outflow of 2.55 million [3]

Core Viewpoint - The company Guomai Culture (301052) is developing the second part of the movie "The Stars of the Three Kingdoms," focusing on the Battle of Red Cliffs, featuring well-known characters such as Zhou Yu and Zhuge Liang, which has generated high audience expectations and strong technical feasibility [1] Summary by Categories - **Project Development** - The second part of "The Stars of the Three Kingdoms" will center around the Battle of Red Cliffs [1] - The film will include characters with high national recognition, enhancing audience anticipation [1] - **Company Intentions** - The company has a clear intention to advance the project [1] - Final decisions will depend on the willingness of other partners involved [1] - **Timeline** - Currently, there is no definitive timeline for the project's progression [1]

证券日报网讯果麦文化10月14日在互动平台回答投资者提问时表示，关于公司股东持股数量变动情况及 机构调研情况请以公司公开披露的公告信息为准，公司也将始终秉持透明化沟通原则，持续加强与投资 者的沟通交流，让市场更全面、深入地了解公司的真实价值与发展战略，增强投资者对公司的信心。 （文章来源：证券日报） ...

Core Viewpoint - The company is actively monitoring the development of artificial intelligence technologies and has several core AI products, including AI Proofreading King, Book World, and AI Comics [1] Group 1 - The company is exploring feasible technological pathways related to AI [1] - Specific details regarding technical collaborations, such as Sora2, should be referred to in the company's official announcements [1]

Core Viewpoint - Guomai Culture (SZ 301052) announced an investor meeting scheduled for October 13, 2025, where the company's chairman, Lu Jinbo, will address investor inquiries [1] Company Summary - Guomai Culture's revenue composition for the year 2024 is entirely from the news and publishing industry, accounting for 100.0% [1] - As of the report, Guomai Culture has a market capitalization of 4.5 billion yuan [1]

Group 1: Movie Review and Future Planning - The movie "Three Kingdoms: The Starry Sky Part One" has accumulated over 2 million viewers, with a score of 9.4 on Maoyan and 7.2 on Douban, indicating a satisfactory reputation for the IP [3] - Key issues identified include poor timing of release, as the main audience is middle and primary school students, making the National Day holiday an unsuitable choice [3] - The promotional period was deemed too short, with low pre-release interest leading to a decline in box office after the initial release [3] - Future plans include potential re-releases or remakes to enhance product quality and marketing efforts, focusing on the long-term value of educational content [3] Group 2: Business Overview and AI Integration - The company will release its Q3 2025 report on October 28, 2025 [3] - Over the past two years, the company has been in a phase of significant investment, with expenses notably higher than peers of similar size [3] - The "Book World Intelligent Publishing Platform" has enabled full-process AI integration, leading to a reduction in workforce size [3][4] - Several AI products have been commercialized, including "AI Proofreading King," which has been deployed in various government and corporate sectors [4] - The internal application of the "Book World Intelligent Publishing Platform" aims to achieve cost reduction and efficiency improvements in publishing processes [4]