Core Viewpoint - The animated film "The Stars of the Three Kingdoms," as China's first Three Kingdoms-themed animation, faced a significant box office failure during the 2025 National Day holiday, leading to a sharp decline in the stock price of its main investor, Guomai Culture, which has seen its market value nearly halved since reaching a record high last month [1][2]. Group 1: Box Office Performance - The box office for the 2025 National Day holiday dropped by 13% year-on-year to 1.835 billion yuan, marking a stark contrast to previous years where box office figures were 4.388 billion yuan in 2021, 1.497 billion yuan in 2022, 2.735 billion yuan in 2023, and 2.105 billion yuan in 2024 [1]. - The total number of moviegoers during this period was 50.079 million, a decrease of 4% year-on-year, with the average number of attendees per screening falling by 15% to 13.7 [1]. Group 2: Company Financials and Market Reaction - Guomai Culture invested 40 million yuan in "The Stars of the Three Kingdoms," but as of October 11, the film's box office revenue was only over 76 million yuan, ranking sixth among National Day films, with a projected total box office of 82 million yuan, significantly below market expectations [2]. - Following the film's release, Guomai Culture's stock price dropped over 19% in two days, resulting in a market value loss of several billion yuan. On October 10, the stock price hit a low of 49.46 yuan, representing a 46.74% decline from its historical high on September 24 [2]. Group 3: Risks and Challenges - Prior to the stock price drop, Guomai Culture had seen a year-to-date increase of 267.77%, with a price-to-earnings ratio exceeding 100. However, the company's net profit for the first half of 2025 was only 5.66 million yuan, indicating a lack of solid earnings support for its high valuation [3]. - The company's cash flow situation is concerning, with a net cash flow from operating activities of -27.06 million yuan, which has worsened by 73.22% year-on-year [3]. - Guomai Culture's revenue remains heavily reliant on traditional book planning and publishing, accounting for over 92% of its income, while new business ventures like AI have contributed minimally to revenue [3]. Group 4: Future Outlook - Plans for a sequel to "The Stars of the Three Kingdoms" are reportedly in preparation, but the poor performance of the first film casts a shadow over its prospects [4]. - The content industry will always have space for sincere, innovative, and skillfully crafted stories, suggesting that companies that prioritize content quality and understand audience needs will be better positioned to thrive in the long term [4].

Market Overview - A-shares showed mixed performance in the first two trading days after the National Day holiday, with the Shanghai Composite Index closing at 3897.03 points, up 0.37% for the week, while the Shenzhen Component Index and the ChiNext Index fell by 1.26% and 3.86%, respectively [2] - Over 54% of stocks experienced gains during the week, with 47 stocks rising over 15% and 14 stocks declining over 15% [2] - Among the sectors, 17 sectors including non-ferrous metals, coal, steel, public utilities, and oil & petrochemicals saw increases, while 14 sectors including media, electronics, power equipment, computers, and communications faced declines [2] Top Gainers - Guanzhong Ecology (300948.SZ) topped the weekly gainers list with a 36.14% increase, followed by Changfu Co., Ltd. (920396.BJ) with a 29.89% rise [4] - Guanzhong Ecology operates in the ecological environment construction sector, focusing on natural and artificial environmental restoration projects [5] - The stock has seen significant price increases since its resumption of trading on September 29, achieving three consecutive 20% daily limit-ups and a further 13.43% rise on October 10, reaching a closing price of 21.96 yuan per share, with a total market capitalization of 3.1 billion yuan [5][6] Top Losers - Guomai Culture (301052.SZ) was the biggest loser, with a 35.35% decline, followed by other companies like Nanxin Pharmaceutical (688189.SH) and Rongchang Bio (688331.SH), which also saw significant drops [8] - Guomai Culture's main business includes book planning and publishing, digital content, and IP operations, reporting a revenue of 298 million yuan in the first half of the year, up 29.75% year-on-year [9] - The stock faced a sharp decline due to a significant drop in the film sector, with Guomai Culture's stock hitting a daily limit down of 20% on October 9 and continuing to fall by 19.18% on October 10, closing at 49.46 yuan per share [9][10] Industry Insights - The film industry is experiencing uncertainty, with Guomai Culture highlighting risks related to investment returns, market competition, and regulatory changes [10] - The box office for the National Day holiday this year saw a decline of 13% compared to the previous year, with total earnings of 18.35 billion yuan, marking one of the lowest performances in the past five years [10]

Core Points - The company announced that its employee representative director, Cai Yuru, reduced his shareholding by a total of 8,000 shares on September 25 and 26, 2025, which accounts for 0.0081% of the company's total share capital [1] - Cai Yuru has decided to terminate the current share reduction plan early, and the remaining untransferred shares will not be reduced further [1]

Group 1 - The core point of the article is that Guomai Culture's stock price has experienced a significant decline, with a cumulative drop of over 30% over two consecutive trading days, indicating abnormal trading fluctuations [1] - The company's main investment, the film "The First Part of the Stars of the Three Kingdoms," was released on October 1, 2025, highlighting the uncertainties in the film industry, including investment return uncertainties, intense market competition, and regulatory changes [1] - The company received a notice from Ms. Cai Yuru regarding the early termination of her share reduction plan, in which she had reduced her holdings by 8,000 shares, accounting for 0.0081% of the total share capital, and she will not reduce any remaining shares within the original plan period [1]

Group 1 - The company's stock price has experienced a significant decline, with a cumulative drop of over 30% over two consecutive trading days (October 9 and October 10, 2025) [1] - The film "The First Part of the Stars of the Three Kingdoms," which the company primarily invested in, was released on October 1, 2025, highlighting the uncertainties in the film industry, including investment return uncertainties, intense market competition, and regulatory changes [1] - The company received a notice from Ms. Cai Yuru regarding the early termination of her share reduction plan, in which she reduced her holdings by 8,000 shares, accounting for 0.0081% of the total share capital, and decided not to reduce any remaining shares within the original plan period [1]

Group 1 - The core point of the article is that Guomai Culture (301052) announced on October 10 that its stock trading has experienced unusual fluctuations, but the company's production and operational conditions remain normal, with no significant changes in the internal and external operating environment [1] - The film "The First Part of the Stars of the Three Kingdoms," which the company is primarily investing in, was released on October 1, 2025 [1] - The film industry is characterized by uncertainty, with potential risks including uncertain investment returns, intense market competition, and changes in regulatory policies [1]

Core Viewpoint - Guomai Culture's stock price has experienced a significant decline, with a cumulative drop of over 30% in the closing price over two consecutive trading days, which is classified as an abnormal fluctuation in stock trading according to Shenzhen Stock Exchange regulations [1] Company Situation - The company's current production and operational status is normal, and there have been no significant changes in the internal and external operating environment [1] - There are no undisclosed major matters or significant events in the planning stage involving the company, its controlling shareholders, or actual controllers [1] - The company is compliant with fair information disclosure regulations [1] Industry Context - The film "The First Part of the Stars of the Three Kingdoms," primarily invested in by the company, was released on October 1, 2025 [1] - The film industry is characterized by uncertainty, with risks including unpredictable investment returns, intense market competition, and changes in regulatory policies [1]

每经AI快讯，10月10日，果麦文化（301052）(301052.SZ)公告称，公司职工代表董事、董事会秘书兼 财务负责人蔡钰如2025年9月25日、2025年9月26日通过集中竞价方式合计减持公司股份8,000股，占公 司总股本的0.0081%。蔡钰如决定提前终止本次减持计划，剩余未减持股份将不再减持。公司此前8月 26日公告，蔡钰如计划自公告披露之日起15个交易日后的3个月内，以集中竞价和/或大宗交易的方式减 持公司股份不超过50,000股，即不超过公司总股本的0.05%。 ...

证券代码：301052 证券简称：果麦文化 公告编号：2025-043 果麦文化传媒股份有限公司 关于公司股票交易异常波动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 风险提示： 1、果麦文化传媒股份有限公司股票交易价格连续 2 个交易日（2025 年 10 月 9 日、2025 年 10 月 10 日）收盘价格跌幅偏离值累计超过 30%，根据深圳证 券交易所的有关规定，以上情形属于股票交易异常波动的情况。 2、公司主投的电影《三国的星空第一部》已于 2025 年 10 月 1 日上映，电 影行业具有不确定性，影片存在投资收益不确定、市场竞争激烈、政策监管变 化等风险。敬请广大投资者理性投资，注意风险。 一、股票交易异常波动的具体情况 果麦文化传媒股份有限公司（以下简称"公司"）股票交易价格连续 2 个交 易日（2025 年 10 月 9 日、2025 年 10 月 10 日）收盘价格跌幅偏离值累计超过 30%，根据深圳证券交易所的有关规定，以上情形属于股票交易异常波动的情况。 二、公司关注并核实情况说明 针对公司股票交易异常波动情况，公司董事会通过 ...

证券代码：301052 证券简称：果麦文化 公告编号：2025-044 果麦文化传媒股份有限公司 关于公司部分董事、高级管理人员提前终止 股份减持计划的公告 董事、董事会秘书兼财务负责人蔡钰如女士保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 果麦文化传媒股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日在巨潮 资讯网（www.cninfo.com.cn）披露了《关于公司部分董事、高级管理人员减持股 份预披露公告》（公告编号：2025-039），公司职工代表董事、董事会秘书兼财 务负责人蔡钰如女士计划自上述公告披露之日起 15 个交易日后的 3 个月内（即 2025 年 9 月 17 日至 2025 年 12 月 16 日）以集中竞价和/或大宗交易的方式减持 公司股份不超过 50,000 股（占公司总股本比例不超过 0.05%）。 公司于近日收到蔡钰如女士出具的《关于提前终止股份减持计划的告知函》， 2025 年 9 月 25 日、2025 年 9 月 26 日，蔡钰如女士按照其已披露的减 ...