（文章来源：证券日报） 证券日报网讯 12月11日，兆讯传媒在互动平台回答投资者提问时表示，12月10日的股东人数是13716 户。 ...

Investment Rating - The report maintains a "Recommendation" rating for the media industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [2][40]. Core Views - The media sector is anticipated to experience a rebound, particularly in gaming and AI applications, with significant growth potential in these areas. The report emphasizes the importance of both sharpness and allocation in the current market environment [3][6]. - The gaming market is highlighted as entering a favorable valuation zone, with specific companies like Giant Network and Century Huatong recommended for investment [6][16]. - The film market is recovering, with the total box office reaching approximately 437.06 billion yuan, which is about 78% of the 2019 level, indicating a strong recovery trajectory [19][20]. Market Performance Review - The media sector index fell by 3.86% last week, underperforming the CSI 300 index, which rose by 1.28%, resulting in a relative underperformance of 5.14% [9][10]. - The total market capitalization of the media sector is approximately 19,595.28 billion yuan, with a circulating market value of 17,850.96 billion yuan [3]. Gaming Market Insights - Tencent's products dominate the iOS gaming market, with titles like "Peace Elite" and "Love and Deep Space" performing strongly [16]. - Upcoming game releases include "Rust" and "PUBG: BLACK BUDGET," which are expected to generate significant interest [18]. Film Market Overview - The film "Zootopia 2" has achieved a box office of nearly 23 billion yuan within six days, with projections suggesting it could help the total annual box office exceed 500 billion yuan [27]. - The total box office for the year has reached 437.06 billion yuan, with a recovery rate of approximately 78% compared to 2019 [19][22]. Important News and Company Announcements - The establishment of the first micro-short drama export base in Shanghai marks a significant development in the media industry [27]. - Tencent's Magic Cube Studio celebrated its 15th anniversary, announcing major updates for several IP titles, indicating ongoing innovation in the gaming sector [28].

证券日报网讯12月1日，兆讯传媒（301102）在互动平台回答投资者提问时表示，11月30日的股东人数 是14357户。 ...

鉴于公司 2024 年年度权益分派方案的实施，根据相关规定，公司自权益分 派除权除息之日即 2025 年 6 月 18 日起，相应调整回购股份价格上限，回购股 份价格上限由不超过 14.80 元/股（含）调整为不超过 14.78 元/股（含）。具体 内容详见公司刊登于巨潮资讯网的《关于 2024 年度权益分派实施后调整回购股 份价格上限的公告》（公告编号：2025-022）。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关 规定，回购期间，公司应当在每个月的前三个交易日内披露截至上月末的回购进 展情况。现将回购公司股份进展情况公告如下： 一、股份回购进展情况 证券代码：301102 证券简称：兆讯传媒 公告编号：2025-047 兆讯传媒广告股份有限公司 关于股份回购进展的公告 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、误导性陈述或重大遗漏。 兆讯传媒广告股份有限公司（以下简称"公司"）于 2025 年 5 月 19 日召 开第五届董事会第十五次会议，审议通过《关于以集中竞价交易方式回购公司股 份的议案》，同意公司使用自有资金以集中竞价交易方式回购公司股 ...

Group 1 - The company, Zhao Xun Media, reported that the number of shareholders as of October 31 was 14,294 households [1]

Market Overview - The advertising and marketing sector experienced a decline of 0.65% on November 26, with Xuan Ya International leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers in the advertising marketing sector included: - Yao Wang Technology (002291) with a closing price of 8.44, up 10.04% and a trading volume of 1.5193 million shares, totaling 1.192 billion yuan [1] - Xin Hua Du (002264) closed at 10.79, up 9.99% with a trading volume of 68,600 shares, totaling 74.0528 million yuan [1] - Major decliners included: - Xuan Ya International (300612) closed at 20.00, down 5.44% with a trading volume of 658,300 shares, totaling 1.406 billion yuan [2] - Fu Shi Holdings (300071) closed at 6.93, down 4.55% with a trading volume of 1.9716 million shares, totaling 1.397 billion yuan [2] Capital Flow - The advertising marketing sector saw a net outflow of 1.652 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.967 billion yuan [2][3] - Specific stock capital flows included: - Yao Wang Technology (002291) had a net inflow of 19.11 million yuan from institutional investors, while retail investors had a net outflow of 31.34 million yuan [3] - Fen Zhong Media (002027) saw a net inflow of 22.03 million yuan from institutional investors and a net outflow of 11 million yuan from retail investors [3]

Market Overview - The advertising and marketing sector experienced a decline of 0.96% on November 7, with Fushi Holdings leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable stock performances included: - Zhejiang Wenhu Internet (600986) rose by 1.56% to close at 9.11, with a trading volume of 622,200 shares and a turnover of 563 million yuan [1] - Fushi Holdings (300071) fell by 5.33% to close at 5.51, with a trading volume of 1,439,300 shares and a turnover of 805 million yuan [2] - BlueFocus Communication Group (300058) decreased by 1.79% to close at 7.66, with a trading volume of 3,974,900 shares and a turnover of 3.065 billion yuan [2] Capital Flow - The advertising and marketing sector saw a net outflow of 579 million yuan from institutional investors, while retail investors contributed a net inflow of 498 million yuan [2] - The capital flow for specific stocks showed: - Easy Point World (301171) had a net inflow of 80.17 million yuan from institutional investors, but a net outflow of 77.59 million yuan from retail investors [3] - Zhejiang Wenhu Internet (600986) experienced a net inflow of 68.33 million yuan from institutional investors, with retail investors showing a net outflow of 50.85 million yuan [3]

国投证券股份有限公司 （三）培训人员：费春成、陈福山、周晓宁 （四）培训时间：2025 年 11 月 4 日 （五）培训地点：兆讯传媒会议室及网络通讯会议 深圳证券交易所： 国投证券股份有限公司（以下简称"国投证券"、"保荐机构"）根据《证券 发行上市保荐业务管理办法》、《深圳证券交易所创业板股票上市规则》以及《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》等法 律法规的要求，对兆讯传媒广告股份有限公司（以下简称"兆讯传媒"、"公司"） 进行了 2025 年度持续督导培训，报告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：国投证券股份有限公司 （二）保荐代表人：费春成、郑扬 关于兆讯传媒广告股份有限公司 2025 年持续督导培训情况的报告 （以下无正文） （本页无正文，为《国投证券股份有限公司关于兆讯传媒广告股份有限公司 2025 年持续督导培训情况的报告》之签署页） 保荐代表人签名： 费春成 郑 扬 （六）培训对象：董事、中层以上管理人员、持有公司股份 5%以上的股东 （包括控股股东和实际控制人）等相关人员。 （七）培训内容：本次培训主要讲解了上市公司募集资金管理和使用 ...

Core Insights - The advertising and marketing sector saw a slight increase of 0.22% on November 4, with Fushi Holdings leading the gains [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Fushi Holdings (300071) closed at 6.15, up 6.77% with a trading volume of 2.9468 million shares and a transaction value of 1.694 billion [1] - BlueFocus Communication Group (300058) closed at 7.86, up 3.69% with a trading volume of 6.4236 million shares and a transaction value of 4.887 billion [1] - Other notable stocks include Xinhua Du (002264) at 7.11 (+1.28%), Yilun Media (603598) at 17.26 (+1.05%), and Simay Media (002712) at 5.79 (+1.05%) [1] Capital Flow - The advertising and marketing sector experienced a net outflow of 324 million from institutional investors, while retail investors saw a net inflow of 399 million [2] - The capital flow data indicates that BlueFocus Communication Group had a net inflow of 264 million from institutional investors, while it faced a net outflow of 105 million from speculative funds [3] - Other companies like Fushi Holdings and Yilun Media also showed varied capital flows, with Fushi Holdings experiencing a net outflow of 613.67 million from institutional investors [3]

Core Viewpoint - Zhaoxun Media has initiated a share repurchase plan, with significant progress reported as of October 31, 2025, indicating a commitment to enhancing shareholder value through strategic buybacks [1][2]. Group 1: Repurchase Progress - As of October 31, 2025, Zhaoxun Media has repurchased a total of 5,220,075 shares, representing 1.29% of its total share capital, with a total expenditure of approximately 60 million yuan [3]. - The average repurchase price ranged from 11.05 yuan to 12.14 yuan per share, which is below the adjusted maximum repurchase price of 14.78 yuan per share [3]. Group 2: Repurchase Plan Background - The share repurchase plan was approved by the board on May 19, 2025, with a total budget set between 100 million yuan and 200 million yuan, aimed at employee stock ownership plans or equity incentives [2]. - The implementation period for the repurchase is set for up to 12 months from the board's approval date [2]. Group 3: Compliance and Future Plans - The company has confirmed that the share repurchase activities comply with relevant regulations, ensuring no repurchases occurred during sensitive periods or at prices exceeding daily limits [4]. - Zhaoxun Media plans to continue the repurchase according to market conditions and will fulfill its disclosure obligations as required by law [5].