格隆汇1月5日丨兆讯传媒(301102.SZ)公布，截至2025年12月31日，公司通过回购专用证券账户以集中 竞价交易方式累计回购公司股份6,165,275股，占公司总股本的1.52%，最高成交价格为12.14元/股，最 低成交价格为10.51元/股，成交总金额为70,001,611.31元（不含交易费用）。公司本次回购股份符合相 关法律法规的要求和公司既定的回购股份方案。 ...

证券代码：301102 证券简称：兆讯传媒 公告编号：2026-001 一、股份回购进展情况 截至 2025 年 12 月 31 日，公司通过回购专用证券账户以集中竞价交易方式 累计回购公司股份 6,165,275 股，占公司总股本的 1.52%，最高成交价格为 12.14 元/股，最低成交价格为 10.51 元/股，成交总金额为 70,001,611.31 元（不含交 易费用）。公司本次回购股份符合相关法律法规的要求和公司既定的回购股份方 案。 1 二、其他说明 公司回购股份的时间、回购股份数量、回购股份价格及集中竞价交易的委托 时间段均符合《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指 引第 9 号——回购股份》等相关规定及公司回购股份的方案。 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 ...

Group 1 - The company, Zhao Xun Media, announced on January 5 that it has repurchased approximately 6.17 million shares, accounting for 1.52% of its total share capital, through a dedicated repurchase account via centralized bidding [1] - The highest transaction price for the repurchased shares was 12.14 yuan per share, while the lowest was 10.51 yuan per share, with a total transaction amount of approximately 70 million yuan [1] Group 2 - The iMoutai App saw a surge in popularity, reaching the top of the Apple shopping chart, with 100,000 users placing orders for the limited edition Moutai priced at 1499 yuan, which sold out quickly [1] - Distributors are offering the same price as a promotional gesture, with 1,000 boxes selling out rapidly [1]

Core Insights - The warming underwear market in China has reached a scale of 89.2 billion yuan in 2025, with a year-on-year growth of 6.8%, driven by the demand for functional products which account for over 45% of the market [1] - The market is projected to exceed 100 billion yuan, reaching 103.5 billion yuan by 2026, with high-end products like smart temperature control and antibacterial materials expected to grow by over 30% [1] - The upcoming New Year holiday is anticipated to see over 12 million passengers traveling by rail, with a significant demand for warming gear, particularly in lower-tier markets and southern regions [1] Industry Trends - The warming underwear industry is transitioning from basic warmth to a focus on functional aesthetics and green health, driven by consumer upgrades and technological innovations [4] - Over 68% of consumers are willing to pay a premium for warming underwear, with core demands shifting towards smart and lightweight products [4] - The launch of "Lansha Jianeng Light Warm Underwear" in 2025 showcases advancements in heating fibers and ergonomic design, achieving both warmth and breathability while using eco-friendly materials [4] Strategic Collaborations - Lansha has deepened its strategic partnership with Zhaoxun Media to enhance brand visibility during the 2026 New Year travel peak, leveraging a digital media network that reaches over 2 billion passengers annually [3][7] - The collaboration aims to create a "2026 New Year Warm Journey" brand communication matrix, effectively connecting with the anticipated 12 million rail travelers [7] Brand Legacy - Established in 1995, Lansha Group has built a strong reputation in the underwear industry over 31 years, focusing on product quality and consumer trust [8] - The brand emphasizes emotional resonance with consumers, aiming to innovate continuously while maintaining a commitment to quality [8] - Lansha's mission is to accompany consumers through every New Year celebration, reinforcing its dedication to warmth and quality [8]

Summary of Key Points from the Conference Call Industry Overview - The food and beverage industry is experiencing systemic opportunities driven by policies aimed at expanding domestic demand and increasing residents' income levels, which are expected to enhance consumption capabilities [1][2] - The liquor industry is undergoing a deep adjustment, with expectations of entering an EPS killing phase by 2025, while high-end liquor brands like Moutai and Lao Jiao are recommended for investment [1][4] - The dairy industry has completed supply-demand adjustments, with anticipated increases in demand for milk powder and liquid milk due to fertility and income policies, highlighting companies like Yili and New Dairy as potential recovery opportunities [1][5] - The snack food sector is benefiting from the "lipstick effect," new channels, and health trends, with recommendations for companies such as Salted Fish, Wei Long, Wan Chen Food, and Qiaqia Food [1][6] - The beverage sector is seeing a clear trend towards health, with non-traditional channels gaining market share, making high-growth companies like Dongpeng Beverage noteworthy [1][7] Key Insights and Arguments - The central economic work conference in 2026 will prioritize expanding domestic demand, which is expected to lead to a series of policies stimulating consumption, positively impacting the food and beverage industry [2] - The food and beverage sector has faced significant changes in volume, price, and channel structure over the past six years, with varying performances across sub-sectors [3] - The liquor sector is expected to see marginal improvements in 2026, driven by policies aimed at boosting business and government consumption [4] - The dairy sector is projected to enter a recovery phase, with increased demand anticipated due to supportive policies [5] - The snack food market is expected to gradually recover, supported by rising incomes and new retail channels [6] Additional Important Content - Cost fluctuations are a significant factor affecting the performance of consumer goods companies, with some agricultural product costs declining, providing investment opportunities [9] - The planting area for sunflower seeds is expected to recover, leading to a projected 10% decrease in the cost of sunflower seeds, which will positively impact Qiaqia Food's gross margin [10][11] - The konjac market is facing supply-demand imbalances, with high prices expected to ease in 2026, alleviating cost pressures for companies like Wei Long and Salted Fish [12] - The sugar molasses market is currently at low prices, providing strong support for Angel Yeast's profitability [13] - Innovative companies are leveraging product and channel innovations to drive growth, with notable examples including Nongfu Spring and Uni-President [14] - Efficient supply chain management is crucial for companies, with Dongpeng Beverage demonstrating strong performance in this area [15] Future Outlook - Dongpeng Beverage is expected to achieve double-digit growth in 2026 through strategic measures and product innovations [16] - Wan Chen is enhancing store quality and accelerating store openings, which is expected to improve profitability in the snack food sector [17][18] - Hai Tian Flavoring has implemented efficiency improvements under new management, resulting in revenue and profit growth exceeding industry averages [19] - The restaurant industry is expected to see a mild recovery, with companies like Yihai International and Tianhe Flavoring showing potential for improvement [20][21] - In the liquor sector, companies like Yanghe and Budweiser are expected to benefit from product and channel improvements, leading to potential breakthroughs in performance [22][23][25] - Gan Yuan Food is focusing on expanding e-commerce and high-end membership stores, with a stable development outlook [26][27] - Overall, companies in the food and beverage sector are expected to experience gradual recovery and growth, making them worthy of investor attention [28]

证券日报网讯12月22日，兆讯传媒（301102）在互动平台回答投资者提问时表示，12月20日的股东人数 是13559户。 ...

Group 1 - The core point of the article is that Zhaoxun Media reported a total of 13,716 shareholders as of December 10 [2]

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 ...